Enhance Your Social Media Skills: 7 Ways to Use Social Media to Save Money

posted in: Consumer News, Tips & Tricks | 0

In addition to writing my own content, I contribute to money-saving articles written by top talent in the smart shopping, beauty, and personal finance space. The post below from Discover.com is the latest!

Procrastinating on social media much? Turn a mindless habit into a money-saving routine.

Likes. Comments. Hashtags. Sometimes it can feel like social media is taking over the world—and your free time. The average digital consumer now spends more than two hours per day on social networks and messaging, according to a 2017 report from GlobalWebIndex, a data company that tracks media audiences. That’s like spending a full length feature film scrolling through news feeds, liking pictures and watching cat videos.

Social media doesn’t have to be a total time suck, though. Using social media to help you save money is a great way to make that screen time more productive. Yep, social media could have a positive impact on your money management and financial goals.

Using social media to help you save money is a great way to make that screen time more productive. Yep, social media could have a positive impact on your money management and financial goals. #socialmedia

Skeptical? Here are seven ways to use social media to save money so all of that screen time can pay off, literally:

1. Nab deals on used stuff (and get rid of yours)

Social media can be an efficient way to find deals on used goods. One option to consider is your local Facebook Marketplace, which offers a way to buy and sell items in your community and can be accessed by clicking on the storefront icon within your Facebook account. There you’ll find all sorts of deals available on used items (and sometimes new ones) from strollers to sofas to sweaters. If opening up Facebook is already part of your daily routine, leveraging the Marketplace could be an easy way to use social media to save money. It’s also an avenue to earn some extra cash if you have unwanted items you’re looking to sell.

Since sellers on the platform are required to have their names and photos attached to their items, it could be easier to vet sellers and avoid potential scammers.

“There’s more accountability [on Facebook], since it’s more public and everyone from your community is watching,” says Trae Bodge, a lifestyle journalist who specializes in smart shopping. She blogs on her website TrueTrae.

[…]

4. Spread the word on your crowdfunding campaign

Crowdfunding is another of the ways using social media can save you money that you might otherwise have to spend out of pocket.

Whether you’re using Kickstarter to launch a new creative project or GoFundMe to raise money for education expenses, a volunteer trip or a family member’s medical bills, spreading the word on social media networks is key to gaining momentum. Sharing your campaign on social media can be an efficient way to reach large numbers of friends and family members, including those with whom you’re not often in touch.

“Social media is good for amplification and sharing of any kind,” says Bodge, the lifestyle journalist and shopping expert, “which can be helpful if you’re raising money or looking for people to pitch in for something.”

To view the full post on Discover.com, click here.

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