How to Make Rebates Work for You

Rebates are just one more way to make your dollars stretch and try stuff for free. Here's some tips to making it simple.

1) Be organized. I have a small binder with plastic pages dedicated to rebates. While I am fulfilling the rebate I collect receipts and forms in it. After I have sent it in, I keep a copy of the forms in it until I receive the check. Call the company if you haven't received the rebate in the specified period of time. I used to keep a running list of outgoing rebates for this purpose.

2) Read the small print. Make sure you read the form VERY CAREFULLY before purchasing anything. You may have to purchase all items in one transaction or need to mail in UPC codes.

3) Take advantage of them! They won't work if you aren't willing to use them. It takes very little effort to fill out a form and send it in. I still don't know why people don't take advantage of free offers.

4) Save more money. Use a coupon if you can to maximize savings and money out-of-pocket.

5) Sell the stuff. I once bought software from Staples that was free after rebate and then turned around and sold it on eBay for a profit. Make sure you are truthful in your listing and disclose if you removed a UPC symbol or any other part.

6) Save the money. This is such an easy way to beef up your savings account. With the exception of Walgreens rebates (which I receive in giftcard form), I save all of my rebate checks. I just purchase the item and deduct it from my checking account as usual. By the time the check arrives, I've forgotten all about spending that money anyway. Over the last year, I have saved HUNDREDS of dollars this way.