11/18/14

Strategy for Big Savings from Grocery Store Reward Points

With holiday shopping upon us, here is something to help you save money while you shop! But it is more than just a shopping strategy for the holidays. This money saving tip is something you'll use year round, and maybe change the way you think about your store reward card!

A friend of ours taught us the simplest, most amazing strategy to saving a lot of money and making the absolute most out of your grocery store reward points, and I realized after talking with a young cashier at the check out line, I needed to share this tip with you too!

Some of you may already do this, but if you have never thought of it, today you will at least forever stop and rethink what you do and probably start using your store cards to your advantage!

One of the stores I shop at is Kroger. It's parent company owns quite a few national chains so many of you will probably be familiar with their system.

Today I only paid $2.27 for gas, the original price was already a great $2.67 I could have saved even more, but I'll share with you how I saved the money!

Kroger offers a wide variety of gift card's for purchasing. To encourage you to buy them from their store, they usually offer 2 times the fuel points on your store reward card for purchasing them, and several times a year they actually offer 4 times the reward points.

So here are my 2 main tricks. One obvious, the other not so obvious:

1) Gifts to Give:

Buy your gift cards for gift giving from them. Any time of year you'll get 2 x the reward points to discount your gas, but if you are strategic and do a few of them when they offer 4 x the points, you'll save even more!

I bought 4 gift cards to give as holiday gifts and paid $100 total for the 4 cards. Instead of just the 20 cents for every $100 dollars spent (10 cents on food purchases) that is the regular 2 x reward points I got a 40 cent discount on my gas purchase. I could have saved even more if I'd purchased more, but for my budget I need to wait on a few more cards (like Itunes for stocking stuffers). I'll be seeing if they offer 4x the points near black Friday shopping.


2) Shop Strategically:

Buy gift cards to the stores and restaurants you are about to go shop at.  We first learned this trick from our friend who had a home improvement project and would be purchasing supplies at some national chain home improvement stores. Instead of just running his debit card at the supply store, he purchased their stores gift card from the Kroger store, got a HUGE fuel discount on his reward card and still spent the same money on the project as he would have otherwise, but filled up his truck for free!

When I explained this to the young cashier as I was purchasing my gift cards, his jaw dropped, and I think i actually saw a little light bulb go off above his head! He said, I go to Buffalo Wild Wings nearly every weekend with friends.. and I reminded him of the 4 x the fuel points sale that was currently the offer and said, if you bought yourself a bww gift card to use, think how much money you'll save in gas by just thinking strategically?

Whether you are heading to Target for back to school shopping, going out to eat with friends, or doing a project at home, ask your self if the reward points system at your grocery store, might help you save money by buying a gift card for those purchases and build your gas discount even more than normal.

Pretty brilliant, huh?

What ways do you secretly save money?



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