Top 5 Best Ways to Save Money When Retail Shopping

Coupons are a traditional and still effective way of saving money while retail shopping. You can collect coupons from newspapers, magazines, or directly from store flyers.

Retailers often use flyers as a way to advertise discounts and distribute coupons, so keeping an eye on these can result in significant savings. Don't want to collect flyers in person? Finding them online is easy these days; this new Giant Tiger flyer page is a good example.

Gift cards from popular retail outlets are often sold for less than their actual value on various online platforms. Buying these discounted gift cards and using them for your shopping could lead to significant savings.

Just remember to verify the authenticity of the platform and the gift card before purchasing. There are some shady gift card stores out there.

Retail stores often have seasonal sales, clearance sales, and special sales for holidays. Timing your shopping to coincide with these sales can result in hefty savings. Also, keep an eye out for 'end of the season' sales where you can purchase items for the next season at a fraction of the cost. Getting the most out of these sales requires some planning, but the steep discounts are worth the extra effort.

Several credit cards offer cashback on purchases made at specific retail stores or on specific categories of products. By planning your shopping in a way that maximizes these cashback offers, you can save a significant amount of money over time.

There are also a few apps that offer cashback on purchases made through them. Keep an eye out for those.

There are many apps and websites made for comparing the prices of a product across different retailers. Using these price comparison tools is a good way to make sure that you are buying your desired item at the lowest available price. This not only saves money but it can also make the process of price shopping a lot faster and easier.

These tools can't compare every single retailer and special deal out there, however. So, if you're looking to buy something expensive, it can be a good idea to extend the reach of your search by checking for the same item on 2-3 different price comparison websites.