Sunday, February 14, 2016

Using Ibotta to Boost Our Grocery Budget

Ibotta is app that you can earn cash back on qualifying items. The offers vary from store to store and new offers seem to be added pretty regularly. Most of the offers are for groceries, but there are also some for things like electronics, apparel, and restaurants. To earn the cash back/rebates, you usually have to scan the product barcode and then submit photos of the receipt. You can withdraw your earnings starting at $20 for Paypal and $25 for gift cards including Amazon.

I have been using Ibotta since November 2012 and over the years I have found the offers to have mostly improved in variety that interest me and being worthwhile to take advantage of. However, since you now have to wait until $20 to cash out, I just use it as a nice bonus instead of counting on it when making my grocery list that week be under $50 when it used to be $5 and I could cash out more
frequently.

Overall I find Ibotta useful for helping add some variety and trying new things as it often has rebate for new products, which tend to also be on sale and/or have other coupons available when they come out. The Any Brand rebates are also great for stocking up things we tend to end up using anyways, such as there's regularly a $0.25 Frozen Pizza one I use on Celeste Pizza, which is usually only $1 to start with. Also, when we end up needing an electronic item, there's usually a spend $50 or $100 and get $5 or so offer at Best Buy (plus, we pay using a Best Buy gift card bought from Dlyte).

The amount we earn from Ibotta can majorly vary month to month based on the offers (holiday seasons tend to be the best), but the only month in the last six months we didn't earn at least $20 was October when we were traveled most of the month and only bought groceries one week. Paying attention the rebates that unlock the bonuses and adding one or two if we're close to the monthly teamwork bonus also helps boost our grocery budget using Ibotta.

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