If you are like me who is always looking for new ways to save or earn money, then you might have seen ads about Ibotta. I have been a member since 2015 but I haven’t really used it.
It was not until last year that I decided to really give it a try. At the end of the year, I was able to rack in $1086.43!
It felt really awesome because I didn’t do anything special, I just shopped just as I normally would.
So today, I want to share with you how to save money just by incorporating Ibotta in your everyday purcahses.
What is Ibotta?
Ibotta is a smartphone app that enables you to earn cashbacks from your everyday purchases. It is available for most IOS and Android devices.
It was founded by Bryan Leach and was launched in 2012. To date, Ibotta claims over 22 million downloads and paid out over $200 million in cash back.
Ibotta provides its consumers with the opportunity to earn cash backs through coupons, completing simple tasks, referring friends and more.
Benefits of Ibotta
- It saves you money.
- It saves you time.
- The app is easy to user-friendly.
- You can cash out already even if you only have $20.
- Ibotta works with over 300 participating stores.
- You can be paid via Paypal or Venmo.
- Offers are for commonly used brands, not only specialty brands.
- No clipping paper coupons involved.
- You can earn by referring your friends.
- Provides bonuses for completing tasks.
Who is it Good For?
Ibotta is good for people who wants to save money with their everyday purchases but are too lazy to coupon.
This app is also good for those frugal shoppers who wants to save even more. Ibotta offers can be stacked with paper coupons.
How to Get Started With Ibotta?
Here is $10 to get you started. You can claim it here.
The app is available for IOS and Android devices. Just search for ibotta on your App store.
A lot of the big box stores participates with Ibotta so your favorite store should be on the list.
Choose offers that matches what is in your grocery list. Add only what you need. Remember to stick with your monthly budget.
Now it is time to go shopping.
You will then use your store receipt to redeem your cash back. Tap redeem and choose the name of the store. You will be asked to take a photo of the receipt or scan the QR code.
That’s it! You just made your first earnings. You can check your progress and your lifetime earnings on the Account section.
Once you reach $20, you have now the option to withdraw. You can be paid via Paypal, Venmo or through gift cards.
Last Thing You Need To Know About Ibotta
Ibotta provides an easy way to save money on everyday purchases, especially if it is done right.
With the vast choices of offers available, it is easy to be tempted to buy things that we really need. If that happens, then it defeats the purpose of saving.
Before you start shopping, note that offers has expiration dates so don’t forget to redeem them before they’re gone.
Also, some of the offers are exclusive to a retailer. It is best to double check prior to shopping.
To make the most out of Ibotta, make sure to check the offer details and exclusions to make sure you purchase the correct item.
There you have it! I hope you will find Ibotta useful.