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Updated over 6 years ago, 07/14/2018

User Stats

73
Posts
86
Votes
Jay Patel
  • Investor
  • Leesburg, FL
86
Votes |
73
Posts

Maximize savings or focus on earnings?

Jay Patel
  • Investor
  • Leesburg, FL
Posted

Hey BP members,

So I have always been a big picture person and always prioritize maximizing earnings over savings. I find myself fearing getting caught up in extreme couponing, and spending on items just because they are on sale. 

Recently a friend turned me onto the app called Ibotta. It's an app where you scan in your receipts to earn cash back on items that you purchase. This includes in-store and online purchases. They even have offers for any brand items. You can even more when you get your friends to sign up. (Here is my referral link if anyone wants to try it: lvxiytc). That will put you on my team and give you a jump start. Every month depending on what the goals are we would earn rewards together :)

Anyway here is the point in me posing. In a week or so with the app, I have earned about $25.  I have used this for groceries mainly, In terms of my spending, this is a pretty significant percentage and makes me wonder if I really need to focus on saving as much as maximizing my earnings. I always go back to feeling that there is a ceiling to savings and that you always have to be a consumer to benefit. The sky is the limit when it comes to focusing on maximizing your earnings potential. Thoughts?