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With the price of food increasing at an all-time high, it’s more important than ever to start saving as much as possible on essentials. In March 2014, the average price for a gallon of milk in the United States was $3.67 and continues to increase. Use these simple steps to find out how to get cash back on your next milk purchase.
While these four steps may look like a lot of work, on average it takes me roughly 5 minutes each time I imply these methods. Keep in mind that’s $2 every 5 minutes, or $24 an hour, essentially tax free.
Ibotta is a mobile app that lets you get cash back on groceries by uploading your receipt. Currently, Ibotta offers 50 cents cash back from your first gallon of milk. Every milk purchase can be redeemed once per week.
I have seen Ibotta offer discounts off of milk anywhere from 25 cents to $1.75, so it’s always important to check back weekly. Even if you don’t need milk at the time, you can freeze it for a few weeks until you need it. Frozen milk will not spoil for up to 3 months.
I usually find it most convenient to upload my receipts to the Ibotta app immediately after purchase so that I don’t forget to do so later on. While it isn’t necessary to have a smartphone in order to register, this can be the most convenient way to make a redemption. Otherwise, you can upload your receipt on the Ibotta website.
Make sure that you upload the entire receipt into the Ibotta app or you will not be given your cash back. Once you have $10 dollars in your account, you can either request a withdrawal to Paypal or Venmo, or claim a gift card from Starbucks, Regal Entertainment Group or Itunes. I suggest going with Paypal, as you can usually find discounts to gift cards at sites such as Gift Card Granny.
In order to sign-up with Ibotta, click here to sign-up. You are automatically granted $5 just for registering a new account.
Assuming we were able to get 50 cents off of milk with Ibotta for the week, that brings the average cost of our $3.67 gallon of milk to $3.17. Let’s continue to try and bring this number down even further.
2. Checkout 51
Checkout 51 is a mobile app that is very similar to Ibotta, in which you can upload receipts to the Checkout51 app and claim cash back. Simply take a picture of the entire receipt after making a purchase at any grocery stores registered with Checkout51. On your first redemption, you can claim 50 cents back on milk. New offers come out every Wednesday night.
After your Checkout51 balance reaches a minimum of $20 you can cash out to Paypal. Even if you don’t buy milk, Checkout 51 is still a great app that lets you save on other items such as tomatoes, bananas, and currently pumpkins during the Halloween season!
Again, it’s best to redeem your receipt right after purchase so that you don’t forget. Take note that you must purchase a gallon of milk in order to quality for cash back.
After taking off another 50 cents off of our gallon of milk, we’ve saved a total of $1 and are now down to $2.67. We can still bring it down even further.
3. Cash Back Credit Cards
If you don’t have one already, cash back credit cards are a great way to save money. The best cash back credit card for grocery stores is the Blue Cash Preferred Card from American Express Card. It gives you 6% on all purchases made on groceries at supermarkets.
While there is an annual fee of $75, American Express offers you $150 as a sign-up bonus, more than enough to make up for it. Here’s a quick look at the benefits the card has to offer:
- Earn $150 cash back after spending $1,000 in purchases within your first three months
- Annual fee of $75 (can be waived by calling the company before activation)
- Earn 6% cash back at U.S. supermarkets up to $6,000 per year in purchases (then 1%)
- 3% cash back at U.S. gas stations
- 3% cash back at select U.S. department stores
- 1% cash back on other purchases.
If you don’t want to continue paying the annual fee, make sure to cancel your card before one year is up.
Taking another 6% off of our original $3.67 purchase, that takes off another 22 cents leaving us at a gallon of milk for $2.45.
4. Milk Coupons
While finding coupons for milk can be difficult, it’s not impossible. Here is a list of websites that you can help you find coupons.
- Shamrock Farms
- RealCaliforniaMilk.com – They almost always have a coupon for those in California
- Lactaid.com – They will send you coupons in the mail for all Lactaid dairy products
- Coupons.com – Their coupons usually depend on which state you live on
- SoDeliciousDairyFree.com -Great for dairy-free options
Usually these coupons go quickly, so it’s important to use them while you can. If you don’t need milk at the time, you can always freeze milk for up to 3 months before it spoils. These coupons will save you 35 cents to 2 dollars on your next purchase.
Make sure to always check your local newspaper and store catalogs for additional deals. You never know what you’re going to find.
Assuming we find a coupon for a dollar, after all of our discounts we are able to purchase a gallon of milk for $1.45. That’s a total of $2.27 cents of off our original purchase. If you have any more tips for saving on milk, please feel free to leave the below.