Tuesday, April 24, 2012

Mail in rebates as a saving tool

If an item you normally buy is offering a mail in rebate, buy it! And if you have a coupon for that item, even better! What makes mail in rebates so great is the ability to build your savings account without even thinking about it.  You are buying items you normally buy, so when the check comes in the mail, deposit it and watch your savings grow.  Just this past week, I received 4 rebate checks totaling $18.25. That’s a nice addition to my savings.

Sometimes mail in rebates can even be money makers if you have coupons for the item. For example, one of my rebates was for World’s Best Cat Litter.  The rebate was for a free bag of cat litter (after rebate).  I had a $3 coupon for the litter.  I paid $4.99 before tax.  I mailed the rebate and when I received the check, it was for $7.99 – the full purchase price.  It turned out to be a $3 money maker.

Some tips about rebates -

1.  Make sure you buy the exact item listed on the rebate form.

2.  Don’t buy more than 1 rebate item per receipt.  Most rebates require the original cash register receipt to be mailed.  Do separate transactions.

3.  Pay attention to expiration dates!  There is usually a “purchase by” date and a “postmark” date.  Also, some rebates are “while supplies last”.  As soon as you purchase the item, prepare the rebate and mail it, so you don’t lose out!

4.  If you plan to use coupons or register rewards to pay for a rebate item, try to combine your rebate item purchase with other items, otherwise, you may not be eligible for the full rebate amount.

5.  Make copies of what you mail, in case there is an issue.  If you don’t get your rebate by the time frame listed on the rebate, then call the number listed. 

Any other suggestions?

Please let me know.  Thanks!

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