A Simple Tip That Will Save Money With FatWallet & SlickDeals

A00 fatwallet slickdeals logo   A Simple Tip That Will Save Money With FatWallet & SlickDealsAfter the expensive holidays, and global recession has thinned our wallets, spotting a good deal can really boost your morale. Fortunately, some money-saving websites cater to your needs.

Two of the best online communities for finding well-priced products are FatWallet and Slickdeals. Both sites not only notify users of low prices but they also provide a venue for discussing and analyzing the nature, quality and details of goods that might otherwise go unchecked by an individual pair of eyes. With deals, often the devil is in the details.

For example, among some of the more infamous sales spotted at both sites over the years was the 2011 Panasonic ToughBook W8 debacle, where a canceled military contract allowed thousands of $2,500 magnesium shell sub-notebooks to go on sale for less than $400 each. Some commenters, however, were quick to caution against a purchase, as the laptop’s specs fell short of modern standards – despite its rugged exterior, the ToughBook was only a mediocre deal.

This article discusses the differences and similarities between SlickDeals and FatWallet. Additionally, it contains a brief introduction on how to get started saving money using the FatWallet reward program, which gives users cash back from purchases.

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Part One: Similarities

SlickDeals and FatWallet have a great number of similarities regarding their relisting of coupon codes, their prominent display of local deals, the presence of a detailed discussion forum and the wide availability of RSS feeds, for those who use a feed reader to keep posted on deals.

Part Two: Differences That Matter

The biggest difference between the two sites revolves around FatWallet’s Cash Back program and SlickDeals’ lack of a comparable money-returning mechanism. Consequently, the SlickDeals forum heavily promotes the use of the online rewards company SwagBucks. However, due to a complex rewards system, reliance on gift cards, and the additional software they encourage users to install, I don’t recommend using SwagBucks.

Another important difference – Cash Back simply gives a flat percentage back from purchases to the buyer, applying only to certain retailers. This percentage can go as high as 27.5% or as low as 1%, varying by company.

For example:

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In a similar manner, SwagBucks rewards customers with gift cards, based upon how many “reward” points they acquire. Like with Cash Back, SwagBucks limits the cards’ redemption to specific retailers.

Part Three: Getting Started

Getting cash back from the FatWallet reward program requires that you first sign up for a FatWallet account. To get started, navigate to the sign up page, where both Facebook social login and native accounts are supported.

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After creating an account and signing in, you must then find a sale offered by a vendor covered by FatWallet’s Cash Back plan. Some of the best deals at FatWallet are displayed on its main-page, although you may want to search the site for items you are interested in.

The dead giveaway whether something qualifies for the Cash Back plan is the mention of any percentage cash-back in the item description. For example, if you go to the FatWallet main-page, look for the green dollar symbol with a percentage next to it.

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After locating an item you want, the process is quite simple. To get the additional percentage back, you must make a purchase by clicking on the link provided by FatWallet. Then, after buying, within 90 days you will receive the percentage back, either through PayPal or by mail.

I advise using FatWallet’s service as a means of searching for items you plan on buying. One handy method of searching the site is through RSS. My favorite method is aggregating multiple RSS feed through Yahoo Pipes. In fact, Yahoo user hawkman402 has designed a Pipe that only displays FatWallet items that have received a rating of 3 or better.

Another means of improving your online shopping skills is through using price-tracking apps.

Conclusion

SlickDeals and FatWallet represent two of the most popular deal-hunting websites on the Internet. While they possess a great many similarities, there remains a crucially important distinction between the two: FatWallet operates its own cash-back, reward program, whereas SlickDeals simply encourages its users to use online reward schemes, like SwagBucks.

However, in most other ways, the two sites appear nearly identical. They offer coupon codes, local deals and discussion forums that have the same functionality and, frequently, the same deals.

Although SlickDeals is the number one deal-finding site on the web, my preference is for FatWallet, primarily because of its more direct, and less complicated, Cash Back program.

Image Credit: Wallet via Morguefile.com

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10 Comments -

vikki m.

Both of these sites are my favorite sites. Both will let you know of good deals going on. Both have very knowledgable forum members. Fatwallet cash back is easy to use and great to get a percentage back on a purchase you were going to buy. I love the coupon codes!

Hari

I was an avid user of Fatwallet for many years until I realized that Slickdeals has a lot bigger and better community, so in the last 3 to 4 years I have mainly used SD with MrRebates for cash back. Just like FW, MrR has a very simple CB structure and probably more chance of getting paid. Ultimately, when it comes to the discussions related to the deals, you will find that SD has more quality posts and the threads are alive longer. The moderators and the forum software is also much better at SD. At FW, you frequently come across deals being repeatedly reposted and they make a huge litter. At SD, the moderators nicely merge all the posts related to the same deal, so the community stays focused on a single thread instead of multiple reposts. Take a few deals that you liked in the past and find the corresponding threads on both of these sites and look at the posts, and you will understand what I am taking about.

Va Du

Being an avid user for many years, SD is way better for getting deals. They just have a much larger user base so deals get report much quicker. FW is better for advice for a variety topics like financial info. I find FW to have a terrible Cash Back system and much prefer Mr Rebates or ebates because they track and inform you of your cash back in a much more professional manner but ultimately it depends on the % of Cash Back given.

Diana Hill

You can always use other cashback programs as well, like befrugal.com or other sites. I have been a member of both of the sites above for many years. With the new sites popping up all over the place on deals, the only difference with these two is the user input for deals they find daily, lately though those deals are easily found on other sites as well like Dealspl.us or bradsdeals etc.

Jay Yang

gotta use both for the best deals!

randal jenkins

I am only familiar with ebates and mefindcoupon, will have to try these.

Keith Swartz

Interesting article.

Fred R

Well cash back is an ok way to save money. frankly I have been using it for so many years but with not such a success. Yes, you do save but in my (humble) point of view, this technique is more a marketing trap than a real mean of savings.

Personally I use mostly coupons and in store deals. Here, in canada, I use most http://www.canadiansavers.ca but other sites as well…
Sometimes I even negotiate directly with the store manager in best buy and stuff and this works very well.

The most important lesson in savings is do your research. know whats a good price or not and go prepared to talk to the manager for big buys (tv, car…)

just my 2 cents :)

Kim

Although I have been checking slikdeals from time to time, it is the first time I realize they work on promoting swagbucks. Swagbucks reward is not as promising as rebate.

With that being said, there are many other cashback websites that offer higher rebate rates like pandacashback.com and mrrebates.com

It is a painful process to track every single cash back website, I keep myself limited to two, this way I can get the best out of them without being all over the place.

Kannon Yamada

Thanks for sharing Kim! I should really give those services a try sometime.