It turns out that we can easily lose track of our everyday expenses no matter how hard we try. Saving is easier said than done, especially when you live on a small paycheck. Nobody likes to turn to payday loans just to run into the same problem next month. They call it “debt cycle” for a reason.
In order to break this vicious cycle of borrowing, we first need to learn how to manage our everyday expenses. Everyone, who is well-off in the long run, knows what they spend on every day. They are good at saving because they are also good at keeping track of their expenses.
So, I decided to try a fun way to track what I spend on every day using one of the most popular cashback apps – Ibotta The trick is: the more frequently I use the app, the easier it will be for me to figure out more ways to spend less (e.g. via comparison shopping between stores, online retailers, etc.).
All cashback apps work in a similar way: you get the app, find offers, go shopping and then upload receipts, and/or scan bar codes to claim cashback. Then you just send your earnings to PayPal, Venmo, etc.
How much money I left on the table through all these years by not using these apps is just amazing. The app features all major retail chains as well as online retailers and apps like Amazon, eBay, Uber, Priceline etc. Next time you shop, make sure you have Ibotta!
The Bonuses – big earning potential
Ibotta has many bonuses on top of your cashback earnings. Bonuses are paid for completing tasks: like redeeming an X number of items within a period of time, redeeming cashback for more than one item of the same brand, inviting your friends to try the app, and completing teamwork bonuses. Every time you use the app, your rank goes up (you can find your rank in your account tab).
I got to the second level by completing 12 tasks and redeeming only 8 offers! I got 2 bonuses ($10 In-Store Welcome Bonus + $10 Welcome Bonus).
Teamwork – that doesn’t work?
In order to boost your earnings, you should make an effort to build a team. Simply link your Ibotta profile to your Facebook account and send invitations to your friends. After I did just that, only one person joined my team or got the app. Bummer! Besides, even if they download the app, how many of them will become active users? Solution?
I have decided to reach into our database and send you all guys an e-mail (sorry, if I got on some of your nerves, I really apologize). But I hope that a lot of our customers, can benefit from using this app; and not just by saving on groceries, but, more importantly, getting better at tracking expenses and discovering smart ways to manage their budgets. I set up a separate Facebook page for this campaign to make it easier. So, you are all welcome to join and this is where my old Facebook account comes handy! I am one of those people who just stopped using Facebook after a while, so you don’t need to worry about my posts showing up in your feeds.
- Download the app. (skip this step if you already have the app);
- Send your own invitations to your Facebook friends – ideally, the ones who you think would benefit from using the app – recommended;
- Send me a friend request on Facebook to join our team – recommended;
- Go shopping!
- Once I see your Facebook profile on our Ibotta’s teamwork page, I will send you a Thanks you! message.