My Daily Offers Spending

Just over a year ago, I started snapping up some deals on Groupon and other related services, so it seems like a good time to look back on whether these deals are working for me or not. First, I went to Mint.com and looked up my spending on daily deal services:

Daily Deal Offer Purchases

I’ve spent $1,387 on daily deals over the past year. Since deals tend to be 50% off deals, it’s fair to say that these programs are saving me around $100/month. That is, if I’m spending money on things I would have purchased anyway AND being sure to redeem the deals I’ve purchased.

On the redemption side, I’ve had a couple purchases expire, so my net savings are around $50 less than what I’ve spent on offers. I’ve learned not to buy deals based on optimism, such as kayaking on Lake Calhoun.

Which also ties to the “would have purchased anyway” mindset. Aspirational deals are not a savings in the same way as getting a deal on something I would have done anyway. That said, if an aspirational deal entices me to try something cool, that’s a really good deal.

Daily deals have definitely gotten me in the door of places I hadn’t been to before. Most recently, Sporty’s Pub on Como Ave SE, where I tried their deliciou Hypocrite burger (a veggie burger with pulled pork and bacon). I will be back.

Daily Deals Breakdown

While Groupon is my current top daily deal source, that’s partly because they were the first of these services that I joined. Over time, I started picking up more offers from LivingSocial, and lately it looks like CrowdCut has been my top source for daily deals. In the case of CrowdCut, I think this is because they’ve had a lot of deals near the U of MN, which is geographically convenient for me. I haven’t seen much of interest from The Blind Squirrel yet. It seems like they are a little thin on local offers at this time. CBS Local Offers has a bit corporate for my taste. Glamour Shots? No thanks. Dealstork has been kicking out a lot of spa, photo framing, and fitness center offers, which aren’t really my thing. Perhaps they’ll reach a point where they can better target their offers based on age/gender/location?

Repeat Offers

One thing that I find interesting is that there are a handful of restaurants kicking out offers often enough that now only consider going to their locations when I have a deal. I tend to spend well above the offer’s face value in those cases, and bring others along, so the numbers may still work out for those places. Not sure.

7 thoughts on “My Daily Offers Spending”

  1. FYI, under Minnesota law, groupons and their ilk don’t expire, because they are technically gift cards. You won’t necessarily get the same deal, but the business has to give you a credit for the amount of the groupon. For example, if I bought a month of yoga for $50, normally $150 and the groupon expires, the company still has to give me a $50 credit toward something.

  2. My friend told me about dailyminneapolis.com and it’s so cool. I was getting a ton of emails aboutdaily coupon sites before and it is especially annoying because I used that email address for business. Now all i do is visit dailyminneapolis.com when I want and see all the deals.

    I’m really frugal, I have to admit. So, I really enjoy these deals, especially if I can get it everyday. I tried one of their offer with a couple of our friends. We got an $8 deal for the food that normally worth $16. It really worth our time and money. You should check it out too.

  3. @Sarah, that’s good to know. I’m hoping to avoid having to have that type of conversation, but for the right savings I probably will.

    @Jade, interesting site. Do you know if it has an RSS feed? I’d be more likely to take advantage of that if the offers came to me.

  4. thanks Ed, but really.. I’ve been looking through at some sites as well and if I like it, I promote it. Why not? I’m a single mom, and the only persons that I usually turn to is my netizen friends (moms like me who is active online). And we do this exchange of information regularly because we might miss on some good offer whilst we’re busy looking at a particular site everyday. don’t you guys agree? it just happen that dailyminneapolis is one of those sites…

  5. @Jade, you still sound like a spammer. That said, I did find the link valuable. Have any tips on who I could talk to to find out more about the service?

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