This post also appeared today on my personal finance blog, Your Finance Professor.
In honor of Amazon Prime Day, I thought I would share some of the ways I use Amazon Prime to save money. You can sign up below to get a free month of Amazon Prime and see if it is something that works for you. The regular membership rate is $99/year, which equates to $8.25 per month. If you have a .edu email address, you can sign up for a reduced student rate (which I did with my faculty email address). Even at $99, however, it would be a value for me.
Here’s what you get:
- Free two-day shipping
- Free Prime Instant Video (Amazon’s version of Netflix)
- Free Prime Music (Amazon’s version of Pandora or Spotify)
- Unlimited photo storage
- Access to one free Kindle book per month through the Amazon lending library
I save money with Amazon Prime because I got to cancel Netflix and all of my music app subscriptions (other than Sirius for my car). I also save about $10 a month using that Kindle lending library. That alone exceeds the monthly cost of Prime.
More importantly, using Prime I am able to avoid a lot of extra money spent on gas and impulse buys when I have to leave the house and go to a store. Realistically, what would happen if I drove to Target to buy printer ink (which I need all the time during the school year)? I’d end up with the Target $100 PLUS my $20 ink and a Starbucks on the way out the door. With Amazon Prime, I get what I need shipped to my door in two days and get a great price. Plus, I don’t have to find time in my schedule to go to a store and don’t buy anything other than what I actually need. I also keep a lot of wish lists of items that I might like to purchase in the future for school or gifts. Because prices change pretty frequently on Amazon, I can go check my wish list (or set up an alert) to look for deals on those specific items. When the price goes down, I can go ahead and place my order (cha-ching).
Plus, Amazon loves its Prime Members so much that we get a special holiday once a year. Today you can grab deals like this:
Amazon Fire starting at $33.33! I got one a few weeks ago when I had to give up my iPad to my son after his broke. I use mine to read, browse Pinterest, and watch videos. It’s great. You seriously can’t beat what you get for the price.
Click below to sign up (Amazon affiliate link):