These 10 Amazon Hacks can start saving you money TODAY whether “you” consist of a large family household or a single millennial in a studio apartment. There is a tip for everyone in this article.
Remember our goal is to get our finances in check to save money for that down payment on your first rental property. For other ideas on how to reach that goal, check out my post Get in the Game.
- Amazon Warehouse:
Amazon Warehouse is a part of Amazon.com that specializes in offering deep discounts on returned, warehouse-damaged, used, or refurbished products that are in good condition, but do not meet Amazon.com’s rigorous standards as “new”. They also offer products in new and open-box condition.
All items listed as an Amazon Warehouse Deal are inspected and graded using Amazon’s 20-point quality inspection process and sold at a discount. Purchases are also Prime-eligible and backed by Amazon’s 30-day return policy.
Below are the descriptions of the different condition types:
Used – Like New or Open Box An item in perfect working condition. Original protective wrapping may be missing, but the original packaging is intact and in good condition with minor damage possible. Instructions are included.
Used – Very Good A well-cared-for item that has seen limited use and remains in good working condition. The item may show some limited signs of wear with small scratches or cosmetic blemishes. Item may arrive with damaged packaging or be repackaged and could be missing some accessories. Missing accessories are clearly defined for each item.
Used – Good The item shows wear from consistent use, but it remains in good condition and functions properly. Item may arrive with damaged packaging or be repackaged. It may be marked, have identifying markings on it, or have minor cosmetic damage”. It may also be missing some parts/accessories such as screws (in the case of furniture) or an instruction manual.
Used – Acceptable The item is fairly worn but continues to function properly. Item may arrive with damaged packaging or be repackaged. Signs of wear can include aesthetic issues such as scratches, dents, and worn corners. The item may have identifying markings on it or show other signs of previous use. Item may be missing some parts/accessories such as screws (in the case of furniture) or a mouse or USB cable (in the case of a laptop).
Renewed A pre-owned product that has been inspected and tested to work and look like new by an Amazon-qualified supplier (a seller or vendor) or by Amazon. The product has minimal to no signs of wear, no visible cosmetic imperfections when held 12 inches away, and may arrive in a brown or white box with relevant accessories that may be generic. The product comes with a warranty giving you a replacement or refund within 90 days of purchase if the product does not work as expected. A selection of products are eligible for the Amazon Renewed Guarantee. Any exceptions to this condition description will be mentioned on the product detail page.
2. Amazon Outlet:
In addition to its warehouse section, Amazon also has an outlet section. Both of these sections of Amazon can save you money over the primary Amazon website. This is where they list their overstock items, older models, overruns, close outs and markdowns. The items are all new, but they are steeply discounted in order to move them out of their warehouses. The discounts are usually around 5 0-60% off the regular price. Not every category listed on Amazon.com has an outlet section, but there are quite a few including clothing, electronics, outdoor equipment, musical instruments, and a few more.
Amazon Outlet is a great place to go for out of season items. For instance, a winter coat in the summer or camping gear in winter, etc.
3. Amazon Coupons:
Yes, that’s right. Amazon has coupons…a LOT of coupons! Coupons are a tried and true way to save money. The coupons tend to be for the larger manufacturers, but it is always worth a look to see if what you are purchasing has a coupon. The great thing about them is that they are instant…one click and the savings is yours.
They categorize the coupons into Most Popular, Beauty, Grocery & Gourmet, Household Supplies, Electronics, Baby & Child Care, Vitamins & Dietary Supplements and much more.
4. Amazon Subscribe & Save:
With Amazon’s Subscribe & Save, you can save up to 15% off of everyday items like toilet paper, toothpaste, toothbrush heads, bottled water, laundry detergent and toiletries. Amazon’s Subscribe & Save sends out products on a regular basis. You chose the product and how often you want it to be sent. For our household, it took a little while to get the delivery schedule dialed in. At first, we ended up with too few or too much of a few things.
Most individual items only offer 5% savings when you sign up for Subscribe & Save, however if you have five or more items on Subscribe & Save, you get 15% off.
5. Amazon Prime Credit Card:
You get 5% back on Amazon and Whole Foods, 2% at restaurants, gas stations and drugstores; and finally 1% on everything else. The cash back comes as Amazon credit by default but you can have to set to a statement credit or transfer to your bank. I combine Subscribe & Save with the 5% cash back to save 20% off of our regularly needed household items.
6. Avoid Sales Tax with Third Party Sellers:
Amazon.com collects sales tax in 45 of the 50 states, however they don’t collect sales tax on third-party sellers who fulfill through Amazon. You get all of your Amazon benefits, such as free 2-day shipping with Prime, without the sales tax since the seller is out of state and thus not subject to sales tax. Just look at the estimated tax (and shipping) under the listing price so you can make a quick comparison.
7. Earn Credit for No-Rush Shipping:
Another great Amazon hack to save money is Prime members earn credit and discounts for no-rush shipping on select items on Amazon. All you have to do is select the Free no-rush shipping instead of the normal free 2-day shipping. You can use your credits / discounts towards certain Amazon items.
8. Amazon Family:
Most couples I talk to have two Prime accounts. If that is the way you like it and want your privacy, that's great. However, if you'd like to save that $119/year for one of your memberships, combine your accounts. If you are worried about your significant other seeing what they are getting for Christmas, you can delete your browsing history.
9. Amazon Card Cash:
Amazon Card Cash is a service offered by Amazon that very few people know about. It is not necessarily to save money, but it is a service that allows you to recapture money that may otherwise be lost. It allows you to exchange gift cards from other retailers or restaurants for an Amazon gift card. Amazon does charge a fee that varies based on the popularity or obscurity of the retailer. I have used this service a number of times after having a gift card for over a year and realizing that I am never going to use it. This service is also very handy if you end up with just a very little amount left on a gift card.
10. Kindle Daily Book Deals:
The Kindle Daily Book Deals offer books for that day only for $1.99. If you are an avid reader, it might be worth it to check out the daily deals