Using the internet to save and make money

Posted by Paul Anderson Riley in Personal Finance on 9 January 2017 - Paul is a Credit Analyst at checkmyfile

The internet is vast and now gives us endless opportunities in regards to most aspects of life. By utilising the internet we can find better deals, better customer service and rewards by making a few clicks.

When shopping around for credit, insurance and other financial products there are a plethora of different sites that aim to help us and find us the best deals. This article aims to outline a few basic points of how we can use the internet to our advantage.

TrustPilot is an online review site that gives customer feedback on different companies. This allows consumers to see what other consumers have experienced with the good, bad and ugly of online reviewing on display. All different types of companies are listed, from financial institutions to mail delivery companies. Using this information will allow you to see which companies come recommended and which are best to avoid. When using these types of online review sites take caution in what you read, as each person can have different expectations and experiences. These type of websites help to empower customers by allowing to make smarter choices through shared experiences.

Cashback websites like Quidco and TopCashback are a useful way to make extra money on purchases. You can see from the Quidco home page the advantage of using the site as the average earnings for the year per active member is £280, with no hidden charges and the ability to pay directly into bank accounts, PayPal accounts or redeem money as an Amazon Gift card. These sites cover many different products, from insurance to clothing so it’s always worth checking if you can get any cashback on future purchases. Essentially each company has a marketing budget for each customer – these types of cashback sites are giving you, the customer, a slice of that payment. It’s a win for the customer, who receives some money back from their purchase, and the company that has won that customer using money they might have spent on TV or radio advertising instead.

Comparison websites and comparison services will take a small amount of information to give you a large amount of products suited towards yourself as an individual. This reduces the amount of time you have to take shopping around for the best deals whilst still providing a selection to choose from. Whilst a comparison website can link you to a well suited product, the ultimate decision of whether to accept an application will lie with a bank, credit or insurance provider.

As time goes on, many more sites will appear to simplify life and taking a small amount of time to look around online for different facilities can make a huge amount of difference to the experience you have as a customer and the amount of money you have in your pocket. So try not to be scared of the internet as making full use of these sites can bring better benefits in the long term.

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