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You might think of Facebook as just a way to keep in touch with your friends and family, but it’s become much more than that.

So much more, in fact, that it can actually be a fairly useful financial tool.

We’ve already told you about how the things you do on Facebook can cost you money 5 Ways Facebook's Lack of Privacy Can Cost You Money 5 Ways Facebook's Lack of Privacy Can Cost You Money Overlooking how Facebook activity could affect your financial life is a big mistake, as many people have found out recently. Here are five ways that actions on Facebook could cost you money. Read More , but today we’ll look at how Facebook can save you money.

Here are seven things you can do to use the big blue site to your advantage.

Follow Your Favorite Brands

Following a lot of brands on social networks can expose you to a lot more advertising, actually make you spend more, and is one of the eight online bad habits to kick 8 Online Habits to Kick Because They're Costing You Money 8 Online Habits to Kick Because They're Costing You Money Online shopping is really convenient -- but it can also be really dangerous. Read More .

However, if you follow your very favorite brands and the ones that you buy from on a regular basis, you can get notified of exclusive sales, new products, upcoming deals, and coupon codes to help you save Automate Deals and Save Time Shopping Online - Every Time! Automate Deals and Save Time Shopping Online - Every Time! You don't need to spend hours researching prices, hunting down coupon codes, and signing up for emails you don't want in order to get good deals online. Read More .

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Most of the time, brands will post these offers in their main feed, but every once in a while, you’ll see a special section on their page that’s worth checking out, like Seattle’s Best Coffee’s “$1 Coupon” section:

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Living Well Spending Less also reports that Silk, Rite Aid, Angel Soft, Uncle Ben’s, and Dial all offer coupons “just because” and not as part of a promotion.

Follow Money-Saving Pages

There are a lot of pages on Facebook that exist solely to help you save money (and probably to earn a lot on commission while doing it; keep that in mind). Most of them post a combination of good deals (which can be dangerous if you’re not good at resisting temptation) and personal finance advice 3 Personal Finance Blogs That Will Get You Out Of Debt 3 Personal Finance Blogs That Will Get You Out Of Debt Read More .

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Remember that these pages often have an incentive to get you to buy things, so don’t always jump on any deal you see. Again, resisting temptation is key here — you won’t save money if you end up buying a lot more than you would have without these pages!

Here are a few pages to get you started:

Create or Follow an Interest List

Interest lists Make Sure Facebook Doesn't Bury Updates From Your Favorite Pages [Weekly Facebook Tips] Make Sure Facebook Doesn't Bury Updates From Your Favorite Pages [Weekly Facebook Tips] Why do you "like" Facebook pages? Use these methods to make sure you see all the updates from your favorite pages. Read More are a bit like Twitter lists; they let you view a subset of the pages that you follow without having to sort through everything else on your timeline.

By creating an interest list with relevant brands and money-saving pages, you can have a single place to look online for ways to save money. Add your favorite personal finance bloggers, money-saving pages, brands, and any other site that will help you save money.

To create one, go to your Interests page, click “Add Interests,” and then “Create List.” Start adding your favorite pages!

facebook-frugal-lists

If you don’t want to create your own custom list, you can follow a public one by going to your Interests page and using the search bar to find public lists that you can follow. Try ‘saving’, ‘deals’, ‘offers’, ‘coupons’, or any category of item that you’d like to save on, like ‘groceries’.

Browse through the lists until you find one that looks like it will help you save on the things you spend money on. You can also find local pages and lists that feature coupons and deals specific to your area.

Get DIY Project Ideas

It’s easier to just buy a product that solves a problem, but in many cases, you can use some basic DIY skills Learn Basic DIY Skills Online With YouTube Learn Basic DIY Skills Online With YouTube While DIY falls in and out of fashion depending on the state of the economy, individual styles, and the availability of professionals and materials, there will always be someone, somewhere keen to learn basic DIY... Read More to create a solution without spending more money.

Facebook is a great place to find DIY project ideas, from home organization and improvement to crafts and toys. Follow DIY pages like DIYideas.com, DIY Home Decorating, DIY Ready, and DoItYourself.com.

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There are also lots of interest lists that curate DIY ideas — just add one to your interests, and you’ll have all the DIY ideas you could need at the click of a mouse. (If you’re looking for specific project ideas, try Pinterest.)

Buy and Borrow Locally

While Craigslist is the king of online garage sales, Facebook can also be an effective tool for finding people near you who are selling, renting, or lending the things that you need. Your friends are a good place to start — just post a quick request to see if anyone is trying to get rid of a tool, piece of furniture, item of clothing, or whatever else you’re looking for. Sometimes you’ll even find people who are giving away exactly what you need, and all you have to do is go pick it up!

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Borrowing is good too, and there are local borrowers’ groups NeighborGoods: Borrow & Share Stuff With Neighbors & Friends Locally NeighborGoods: Borrow & Share Stuff With Neighbors & Friends Locally Read More around the country that you can join to find other people interested in free lending of items. If your area doesn’t have one, just start up a group; there are almost certainly a lot of people that would be interested in borrowing and lending things with their neighbors!

Ask for Deals

Most brands are responsive when you send them messages on Facebook, and it’s always worth asking if there’s a discount or coupon code that you can use on a transaction.

Just hit “Message” at the top of a brand or store page, tell them you’re about to make a purchase, and ask if there’s a coupon code that you can use. Many times, they’ll give you a code that you can use — even if it’s only 10% off, that’s still saving more than you would have. Asking for free shipping Shipping Smartly: 5 Frugal Tips To Save Money When Shopping Online Shipping Smartly: 5 Frugal Tips To Save Money When Shopping Online You're shopping around online, you find the perfect item just within your budget, but the shipping is just way too much? Here's how to cut those fees down to size. Read More never hurts, either, as many companies will happily give it to you.

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You might feel a little weird about asking for deals like this, but trust me — with the number of crazy complaints these companies get on a daily basis, they’ll be relieved to be able to quickly answer your question and move onto the next person!

Get Free Stuff

When you’re trying to save money, getting something for free is ace.

There are several Facebook pages that compile opportunities for getting free stuff, from giveaways to free samples to competitions. Most of these sites also post sales and coupons, so you might have to dig a little bit, but if you keep an eye out, you should be able to score free things 5 Places To Find Free Clothes Online So You Don't Have To Go Naked 5 Places To Find Free Clothes Online So You Don't Have To Go Naked It's a scary world out there, and the best way to go through it is by wearing clothes. Sure, there are a few exceptions to this statement, but we'll leave those alone... However, you may... Read More every once in a while.

freebies-frenzy

Freebies Frenzy and FreebieShark are good places to start. Julie’s Freebies is also good if you want to enter to win things, though you’ll probably have to give away your name and email address a lot.

With the huge variety of things being given away, though, you’ll probably find some things that you’re happy signing up for a newsletter in exchange for a chance to win!

Your Best Money-Saving Tips

If you spend some time using these seven tips, you could save hundreds of dollars over the course of a year. Of course, if you combine them with things like online coupon-finding sites, good budgeting practices, and money-saving IFTTT recipes 5 More Ways to Use IFTTT to Save Money (and Time) at Home 5 More Ways to Use IFTTT to Save Money (and Time) at Home Anyone can create their own IFTTT recipes, and many of them can be used to put extra money in your pocket. Read More , you could save a lot more than that.

What are your best tips for using Facebook to save money? Which of the strategies above have you had success with in the past? Which brands do you save on with Facebook? Share your best tips below!

  1. Patrik Kranj?ec
    December 10, 2015 at 7:39 pm

    There is a GiveawayBase.com website which gives you an overview on all available giveaways on the internet with a procedure how to enter in giveaways and a lot more.

    Worth checking because you can win a lot of free stuff for investing only few minutes a day!

    • Dann Albright
      December 17, 2015 at 3:26 am

      Thanks for pointing that out! I'll have to check that out; sounds like a great way to enter to win a lot of stuff.

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