How to stretch your dollar when searching for online deals

Groupon deals are good, but what if we told you they could be even better?  Conor Knighton shows you how to stretch your dollar when searching for online deals.

It's been a rough year for Groupon.  They went public on November 4, 2011, and if you bought stock in the deal site at $20 a share, you got a pretty terrible deal.  Today it's trading closer to $5.  Or, as Groupon might put it, 75% off!

But you can still find some solid deals on the site, so today we're looking at the best ways to maximize your Groupon shopping experience.

First, with any deal site, an obvious trick is to only buy the things you need.  Don't let the deal drag you in, no matter how tempting it may be.

Use Groupon NOW.  The coupons may only be good for the next few hours, but if you're heading out to lunch you know you're going to use them and they won't expire.

Groupon also gives you a chance to spin to win money via Clicky, the clickable value wheel.  While it might be a scary corporate mascot, it can help you save money.

Of course, Groupon isn't the only game in town.  Living Social and Google Offers have been trying to take over some of the turf.  Earlier this month, eBay introduced eBay Lifestyle Deals, which is available in select cities.

As a consumer, this is all good news.  If you're a Groupon share holder, well, console yourself with some 90% off armpit hair removal!

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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