Bagong Impok Pilipinas encourages a concept commonly referred to as "saving while spending" or "earning from expenses." This concept involves taking advantage of cashback, rewards, discounts, and other promotional offers while making purchases for daily needs like food and groceries. The idea is to make thoughtful and strategic choices while spending, which can lead to savings and potentially even some form of earnings.
Here are a few strategies that individuals could consider to implement this concept:
Cashback and Rewards Programs: Many credit cards, debit cards, and mobile payment apps offer cashback or rewards points for purchases. Users can earn a percentage of their spending back in the form of cash, points, or other benefits.
Couponing and Discounts: Collecting and using coupons, promo codes, and taking advantage of ongoing sales can significantly reduce the amount spent on groceries and other daily essentials.
Loyalty Programs: Participating in loyalty programs offered by supermarkets, retailers, and online platforms can lead to discounts, exclusive offers, and even free products.
Cashback Apps and Websites: There are various apps and websites that provide cashback or rewards for online purchases made through their platforms. These platforms often partner with retailers to offer users a percentage of their spending back.
Rebate Apps: Some apps offer users rebates on specific products after they make a purchase. Users typically need to scan their receipts to claim the rebates.
Price Comparison: Comparing prices across different stores and platforms can help individuals find the best deals and make informed purchasing decisions.
Bulk Buying and Meal Planning: Buying items in bulk and planning meals ahead can help save money in the long run. It reduces the need for frequent trips to the store and minimizes impulse buying.
Using Store Brands: Opting for store-brand products instead of name brands can often save a significant amount of money without compromising on quality.
Selling Unused Items: In the spirit of "earning from expenses," individuals can also consider selling items they no longer need. This can help them declutter while making some extra money.
It's important to approach this concept with a balanced mindset. While it's great to save money and earn rewards, it's also crucial to stick to a budget and avoid unnecessary spending. Additionally, individuals should be cautious about overspending or buying items solely for the purpose of earning rewards, as this can counteract the intended savings.
Please note that the specific details and strategies may change over time, so it's advisable to research the most up-to-date methods and offerings available in your region.