5 reasons to keep your receipts

Savings Angel

This article, entitled 5 Reasons to Keep Your Receipts comes from SavingsAngel.com.

Meijer shoppers may have noticed a new addition to their mPerks account: digital receipts. Individuals who use mPerks – that’s Meijer’s digital coupon program – can enable the receipts under the Shopping Tools section of their account.

The feature is handy, and it made me think about how important receipts are in general. Here are five reasons you should think twice before tossing your receipts.

Receipts make returns easier

Returns are the most obvious reason you’ll want to keep your receipts handy. While some stores are good about taking back returns without a receipt, others may restrict you to store credit or only refund the amount of the lowest recent selling price. Make too many returns without a receipt and some stores will even blacklist you from future returns.

Receipts can make you money

Yes, your receipts can make you money! There are several smart phone apps that pay you for uploading photos of your receipts. Some of these apps offer rewards for specific purchases while others are run by marketing companies just hoping for a glimpse at your shopping habits. Check out these receipt reward apps:

Receipts are needed for rebates

Rebates aren’t as common as they were in the past. However, you can still find opportunities to send in your receipts for money back.
Let’s say you find a rebate for deodorant that you just bought last week. Wouldn’t it be nice to not have to buy that product again to get the rebate? Well, if you have the receipt filed away, you don’t have to.

Receipts help you track spending

Another reason to keep your receipts is to see where your money is going. It’s hard to know whether you’re staying within your budget if you can’t see the total of what you’re spending.

Keep or scan your receipts and add up the totals at the end of each month. If you’re over budget, review the receipts to see where you’re overspending. Then, make a plan to plug those ‘holes’ in your budget.

Receipts make tax time less stressful

Finally, keeping your receipts can make tax time infinitely easier. No more guessing about what tax deductible expenses you made during the year. It’s all right there in your file.

Personally, I recommend using three files, but you can customize this system however works best for you. After every shopping trip, sit down with your receipts and three different colored highlighters. Look for items that fit one of these categories: work or business-related, charitable donations and medical expenses. Highlight those purchases and then pop them in the appropriate folder so you’ll be ready for tax time.

Scanning is also a great option that can help you stay better organized as you strive for a less paper in your home.

You may be inclined to toss your receipt in the garbage bin as you walk out of the store, but these are five good reasons to hold onto that slip of paper a little while longer.

The best couponers save hundreds of dollars every month at the grocery store. However, extreme couponers can end up living very extreme lifestyles to get those savings. For over five years, SavingsAngel.com has equalized the playing field – giving extreme savings to busy families who don’t have the time or ability to be an extreme couponer. Each week, SavingsAngel.com’s over 70 angels combine over 2,000 products on sale at local grocery and drug stores with an enormous database of over 2000 different manufacturer coupons. These combinations result in our members getting access to over 300 products each week for 50% off or better. Simply log in, choose the deals you want, print or clip only the coupons you need, and save hundreds of dollars a month at regional and national stores. Our angels will personally work with you to craft a plan that will help you buy healthier food at lower prices – helping you keep $200 to $400 in savings each month.

Josh Elledge is chief executive "Angel" of SavingsAngel.com, a website that teaches consumers how to save money through a free money savings video eCourse and podcast. SavingsAngel also provides hundreds of 50% off or better deals each week to members by matching local grocery and drug store sales with its free database of over 5,000 accessible coupons. A husband and father of three, he now appears each week on television, in eight newspapers, and a number of radio stations across the country teaching families how to cut their grocery bill in half using the Internet. Elledge created the technology found on SavingsAngel.com through the need to save his own family’s money. Successfully able to cut his own grocery bill from $600 a month to less than $300 a month, his message has reached hundreds of thousands of families. SavingsAngel.com is now growing rapidly throughout the country. You can watch a short video at SavingsAngel.com that will explain more information about how to cut your own grocery bill in half with the help of SavingsAngel.com!


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