How Social Media Is Helping Us Save Money 2021

There is a fact that a digital consumer now spends an average of more than two hours per day on social networks and messaging. It’s 2 hours scrolling through Facebook news feeds, liking pictures, sending love reaction, and watching some Tiktok hilarious videos, mostly for entertainment.

However, once you get some ways of using social media to help you save money, for example, using Facebook coupon codes for advertisement, you will make that screen time more productive apart from entertainment. Indeed, social media could have a positive effect on your money management and financial goals, not only about save it but also earn it.

Here are seven ways to use social media effectively to save money so all of that screen time can pay off.

several pile of coin and a house

1. Reduce advertising and customer service costs for business

Unless you buy any ads on platforms, setting up a social media site, or even a few websites, the cost is almost zero. And you can save a lot of money for other activities like customer service and even advertising.

Social media will be very effective when applied properly. Indeed, they are great tools for advertising, customer service, and business. If you haven’t used them for your business yet, the only thing that can stop you is the fear of trying it, or the lack of motivation to do so.

2. Second-hand items

Social media can be an efficient way to find good deals on used goods. One great option to consider is researching your local Facebook Marketplace, which offers a way to buy and sell items in your close community and can be accessed just by touching the storefront icon within your Facebook account. By doing this, you will find all sorts of deals available on used items, sometimes they are totally new, from watch to sofas to sweaters.

If surfing newsfeed on Facebook is already part of almost everyone’s daily habit, leveraging this huge marketplace could be an easy way to use social media to save money. It’s also a large avenue to earn some extra money by selling your old and unwanted items.

3. Grab Coupon Codes and Deals from your favorite stores

By following your favorite stores and brands on your social media network, you will be able to uncover flash sales and exclusive coupons that may not be posted elsewhere. That’s one of the easiest and common ways using social media can save you money. Because you might not see every available offer of interest in your feed, it’s a good idea to check store or brand pages before you make a purchase. Luckily, CouponXoo already did that for you that we offer all coupon codes and best deals from all stores you want to buy products in and daily update the latest coupons for your best shopping experience.

Following brands on social media is a good alternative to signing up for the email newsletters which causes your inbox to drown in promotions.

Moreover, on Twitter, you can create a list, manage a group of accounts, of your favorite retailers. This list will make it easier to find promotions when you’re using social media to save your budget and keep the promos from taking over your feed when you are just surfing the newsfeed for nothing.

4. DIY – Do It Yourself

Do-It-Yourself is building or repairing something yourself, instead of purchasing a product or hiring a professional.

This is especially true when it comes to money-related matters. DIY really costs less money, most of the time for many things. And it’s not just because of the labor cost. When you know how to do things yourself, you understand the intricate details of what makes a high-priced product or service costs. Once you have this understanding, then you have the knowledge to choose what is important to you, saving money while getting something that will truly serve your needs.

DIY tasks are a fun way to use social media to save money and feel rewarded for completing a project on your own. In addition, designing your own stuff ensures that no one else will have the exact same one. However, if creativity and homemade projects are not your strength, it can sometimes be tough to figure out how to start. Spend some time on Pinterest, Youtube, or Facebook and you’ll find a wealth of ideas for do-it-yourself projects, from home decor to holiday gifts.

If you need a tutorial for more DIY specific items, YouTube likely has a video with step-by-step instructions. You may even learn some new impressive skills while you are using social media to help you save money.

5. Customer Testimonials

It’s really useful if you are considering a big purchase or need to hire a contractor. Referring to online shopping sites for reviews can serve as the first step in making sure that you’re spending your money wisely. Feedback from friends and family can help you avoid low-quality product purchases or scammers, making it a way to use social media to save money.

If your personal network can’t help, ask in a Facebook group composed of people from your community or users with similar interests, or check out sites like Yelp or TripAdvisor for crowdsourced reviews.

With the ever-changing society along with the variety of benefits it brings to you and your business on social media, there’s no reason to postpone it anymore. Therefore, spend some time on getting insights about social media networks and make a practice of finding new ways to save money while using it.