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Your Receipts Have Economic Value

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  • Your Receipts Have Economic Value

    Community,

    This posting is for everyone who wants some extra money, or wants to find ways to start being more frugal.

    Some background. A while back the costs of my daughters education went up. This is because we decided to put her in a private school, which about doubled the cost of her tuition. So, I've been on a mission to find more income and reduce my expense. One idea I hit on was making extra money by scanning my receipts. Over the past couple of months I've tested about ten apps, and settled on seven. All of them provide value in various ways. I'll just list the ones I think are legit and helpful here.

    I've also included my earnings to date, some from the apps rewards system and some from referrals. By earnings, I mean specifically money generated through the app, that has been deposited into my accounts.

    https://www.fetchrewards.com/, $30 in Amazon giftcards.

    https://www.earnwithpogo.com/, $42 (took several surveys here).

    https://bitmo.com/, none. Have about $15 in the system, has only retailers giftcards, none appeal to me).

    Receipt Pal, $10 in Amazon giftcards

    https://www.receipthog.com/, none.

    https://www.coinout.com/, none.

    https://receiptjar.com/, none.

    All of these apps are variations on a theme. You share your shopping data in the form of your receipt information, and you get a small amount of money in return. This is typically in the form of giftcards, or the like.

    Pogo and Bitmo are the most passive, you don't have to upload any receipts. They just scan your accounts and award points based on your spending. All of the others are active - you have to upload receipts.

    One thing to keep in mind is that doing the scanning takes a bit of work. It also creates incentives for you to spend, so you need to exercise self discipline and guard against that.

    If you want to pick up some extra money or practically reduce your expenses a bit, scanning your receipts could help a little.

    These ideas might not be cost or time effective if you've got tens of thousands of dollars rolling in on a monthly basis, but if your income is more modest, its a nice way to practically shave off a percentage or two off your expenses.
    Last edited by james.hendrickson; 11-28-2021, 09:55 AM.
    james.c.hendrickson@gmail.com
    202.468.6043

  • #2
    James can you give us a sense of how much you earn through these programs?
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

    Comment


    • #3
      Originally posted by disneysteve View Post
      James can you give us a sense of how much you earn through these programs?
      Done, thanks DisneySteve,
      james.c.hendrickson@gmail.com
      202.468.6043

      Comment


      • #4
        I know we've discussed this a time or two prior, but I'll add my experiences to your list.

        I've used a variety of receipt-scanning & consumer research apps over time, and have settled on four that pay decently, are non-invasive (you don't get swamped with emails & phone notifications), and are quick/easy.

        - The best/easiest: Amazon Research Panel. You scan 10 receipts per month & get $10 in Amazon store credit. They also give you occasional 25 surveys. I'm on pace to earn ~$125/yr.
        - Google Rewards: 30 second surveys & receipt scans. You earn Google Play Store credit for apps, movies, books, etc. I pay for my Google One cloud storage with it. Long-term average of roughly 30 cents per survey/receipt. I earn ~$35-$40/yr.
        - Pinecone research: $3 cash credits per ~10min consumer research survey. I earn ~$100-$120/yr.
        - Receipt Hog (mentioned above): Straight receipt scanning to earn points, redeemable for cash or gift cards. I've earned ~$40/yr.

        Between these 4 apps, I get roughly $300/yr pretty easily & reliably. Nothing earth shattering, but it helps a bit.
        "Praestantia per minutus" ... "Acta non verba"

        Comment


        • #5
          Thanks Kork, I had completely forgotten the Amazon Research Panel - I've also got $10 per month from that app.
          james.c.hendrickson@gmail.com
          202.468.6043

          Comment


          • #6
            I've done Pinecone. I've tried one or two of the scan your recipt apps but quickly lost interest. Too labor intensive for too little reward. I was in some program that automatically scanned our Amazon order history and paid rewards based on that. I don't know what happened to that program but it just stopped contacting me at some point.

            I think all of these are worthwhile as long as you understand that what you're doing is selling your own data, which I suppose is a lot better than others monetizing your data and you getting nothing for it.
            Steve

            * Despite the high cost of living, it remains very popular.
            * Why should I pay for my daughter's education when she already knows everything?
            * There are no shortcuts to anywhere worth going.

            Comment


            • #7
              I use Fetch, Receipt Hog, and Ibotta. The problem with Ibotta is I don't buy a lot of the stuff they give credit for, but I figure if I'm scanning, what's one more app to scan with? Yesterday I cashed out $50 (this was a year's worth of receipts) with Fetch to buy a new hand mixer. The mixer was on sale so I paid $15 and change for a $70 mixer. I've used some of the stuff from Ibotta to do Christmas shopping so it eventually all adds up. I know they are collecting data, but so is everyone else so I might as well get something for it.

              Comment


              • #8
                Very clever, you have very good method to save money. And how to benefit from such a level of discount on an item. Considering you bought a 70 dollar blender for 15 dollars, you've saved a lot of money. If I had known these tips, I would have saved a lot of money and avoided student loans for many years. But I'm not complaining too much right now, because I found some very useful information that you can consult by navigate to this website. I would be glad to have these different tips to save so much money.
                Last edited by Joann R; 05-29-2022, 11:40 PM.

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