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The Real Deal on Deal Sites

July 28th 2011 by
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saveYou can’t beat a good bargain. From Groupon to LivingSocial to Woot to countless other local and national deal sites, there seems to be new deal sites popping up everywhere.

The prices are remarkable. The merchandise is what you want. Is there a catch?

Usually, there isn’t. Most deals are for restaurants, spa services, or other high markup products and services where the company feels it’s worth their while to cut their profits because they’re getting so much added business. Plus, they’re hoping you’ll come back for more, although of course you’re under no obligation to do so.

Since most deal sites offer a deal for one to three days, there’s a feeling of not wanting to miss out. People will then grab the deal, whether or not it’s something they’d have bought anyway. As we all know, a bargain is only a bargain if you needed the item in the first place. So, rather than getting caught up in the frenzy, take a minute and ask yourself a simple question: do I really need this? And, even if you don’t need it, it’s sometimes nice to splurge on something fun. The question then becomes: Can I afford this? And, is this where I want to spend my “fun” money?

Keep that in mind and you can’t go wrong on deal sites. In fact, we’ve got a deal site for you, exclusive to credit union members! Go to www.CUponDeals.org/aspirefcu and sign up to get a free hotel voucher. You’ll also be one of the first to know when a new weekly deal is posted!

Of course, Aspire’s goal is always to help you save money, so let me ask you this: What great deals have you gotten lately? Leave us a comment and help other members benefit from your experiences!

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