With the arrival of monsoon, several online sellers have started raining discounts. There is a kind of festivity in the air with rains in the sky and offers on online marketplaces like Flipkart, Amazon etc. While discounts help you save money, taking benefit of them still means you would end up spending more than you save. However, by following a few hacks, you will not just spend efficiently but also effectively save money. Take a look: 

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1. Point Redemption

Arvind Prabhakar, CEO of GyFTR (Vouchagram)  tells Zee Business Online that point redemption is an excellent method to lower your final billing amount when you shop online. "With multiple cards or online payment transactions, you might have accumulated points without even realizing it. Keep an eye out for texts or emails that might look like spam but are point collection alerts. These previously racked up points can get you cashback or discounts. So, we suggest that you save your money and use your loyalty points as a currency to buy your favourite products," said Prabhakar. 

Vouchagram is a digital marketplace making instant gifting and instant redemptions a reality. 

2. Gift Cards

Gift Cards have solved a major problem i.e. finding the perfect gift for your loved ones during the festival season. It provides the recipient the freedom to choose their own gift. Not only this, but Gift Cards also help you save money while you are shopping online. 

Prabhakar said, "You can find a discounted gift. Some online shopping portals allow you to use these Gift Cards on top of the ongoing festival discount during checkout, thus helping you save even more. Be sure to keep an eye out for the month-end sales on such gifting platforms."

3. Smart Planning

You can save a lot with smart planning. The Vouchagram CEO suggests that shopping a little ahead of the festival season helps you save a lot of money. Another aspect you can look for is that some online shopping websites have free shipping days. 

"You can look out for ‘deals of the day’ section where they sell products at unbelievable prices. The best time to fish for these deals would be between 2:30 PM to 4 PM. You can also plan on what to buy and from where by comparing the cost of the product on different websites," he suggests.

4. Go Online

Online shopping is a lot more affordable than offline shopping as there are constant offers, sales, and discounts to look forward to. There are good chances that you are likely to get a product at a lesser cost online.

5. Offers

Make sure you keep an eye on all the offers running on different online platforms. Online Platforms which accept gift vouchers always give you a better deal as you can always pay via vouchers and if you purchase the voucher at a discount, there is all the more reason to rejoice. These offers can help you get more out of each purchase by doubling your savings.