(Make sure you scroll to the bottom for a gift card giveaway!)
Money and budgeting is always an issue that lives in everyone’s life, even if they do it well. I have counselled people before but have never written about gift cards being a great budgeting tool! So when I received an opportunity to do a sponsored post on the subject, I jumped on it!
One of the biggest benefits of gift cards is that it causes you to operate in a method similar to the long standing, ever popular envelope budgeting systems. It is a super easy system. You decide how much you are going to spend in a category (and yes, Starbucks is its own category;) and put that into the envelope. Then when the envelope is empty, you are done spending. You can do it weekly, monthly, or how ever you budget.
It is very easy to use gift cards in the same manner. Want to get a hold of your coffee expenditure? Then buy a gift card to carry in your wallet. Then there is no exceptions to be made! When it is empty, it is empty. Movie tickets, lunch at your favorite spot? All can be helped with gift cards.
There are other reasons for you to prepay for gift cards too! Certain restaurants run gift card deals through the year where if you buy a card they will give you a bonus gift card. I know one my husband did was $50 got him a $50 gift card and an additional $15 card that had to be used a specific month.
Gift cards can also go on sale! I know on Black Friday I always see iTunes gift card deals at a variety of places. Also Safeway/Vons often give you double or quadruple gas points on any gift card purchase. You can even get gift cards at a discount on sites like Plastic Jungle!
Another great gift card deal is Starbucks. Keep reloading your gift card and with every 10 purchases you get a free one! And you get a free one on your birthday too. I think more merchants are going to be going in this route in the future.
But that can lead to a lot of gift cards and that is where GoWallet comes in. You can consolidate those gift cards in one easy to manage location with GoWallet. GoWallet allows you to organize your gift cards online or on your mobile device and you don’t have to carry all those cards around with you. (make sure to check which stores because some will demand the plastic card) At one quick glance you can see how much the balance is on your cards, even buy more cards right through the app. Registration is free, why not give it a try and give gift card budgeting a spin?
Disclosure: This is a sponsored post but all thoughts and feelings are mine!!!