5 Lesser Known Ways How Social Media Can Help You Save Money

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Social mediaSocial media can be a great tool for saving money.

Social media can be more than just fun distraction. Aside from helping you keep in touch with family and friends, you can also use it as an effective marketing and networking tool. Experts agree that if used properly, social media can help business owners promote their products more effectively, foster a deeper engagement with their customers, and further expand their network.

However, there is another way in which you  will find social media helpful. It can help you save money – if you know exactly where to look.

How Social Media Can Help You Save Money

It can help you get exciting deals and discounts. You can learn more about the latest deals, discounts and freebies being offered by the companies you like by following them on Twitter and liking them on Facebook. Don’t rely on the fact that you are on their email list. Most companies use social media exclusively to announce some of their most exciting promos. To make sure you don’t miss out on anything, use a social media management tool to keep your streams organized.

It can help you become a better DIYer. Avid DIYers and frugal shoppers will surely find Pinterest as one of the best social media platforms ever. This site features endless inspirations on remodeling, renovating and organizing your home on a budget. You will also find a lot of ideas for your next DIY project by browsing the boards.

It can help you save money for college. You can use social networking sites such as GreenNote and GradeFund to help you raise money for college. With GreenNote, you can request donations from your social network to help you with incidental expenses such as rent, books, and lab fees while GradeFund can help you earn donations as a reward for getting good grades.

It can help you save on travel. You can save a lot of money on your next vacation if you know who to follow on Twitter.  To be informed of the latest airfare deals, follow @AirfareWatchDog, @FareCompare and @JetBlueCheeps (the official Twitter feed for Jet Blue airlines). You can also turn your social media following into discounts by using Hotelied.com when making your hotel reservations and get valuable perks by following social media savvy hotels such as Citizen M and Kimpton Hotel.

It can help you save money on your next car purchase. Sites such as CarGurus can help you make a more informed decision when buying a car. Users usually post photos, reviews and opinions about cars to help you justify your purchase.