I know of a few cases where people actually got hooked on this show and spent their entire day – and retirement – on the wares being offered. This is the same old trick used by the Home Shopping Channel and how it got millions of viewers to buy crap they didn’t need. You’ll also feel like a putz for not selecting “BUY NOW” because the time is tick tick ticking away and you don’t want to miss out. You see, when they send you these deals, you’ll see how much money you save by taking advantage of the offer. But you may have to start borrowing money just to pay off the debt you’ve accumulated to “save all that money.” They’ll convince you that you’re saying money. Get enough of these offers and you’re going to be spending money you didn’t plan on spending.
But I do think Groupon could wreck your budget and credit score really easily. Groupon asks a few questions about you to try to get to know where you are and what your buying preferences are.Īs you scroll down the screen, you’ll see the “deal of the day,” and that’s when the pressure starts.Įvil might be a tad strong. If not enough people purchase by a certain time, the deal is off too. On top of that, Groupon piles the pressure on by putting on a time constraint. Even if you still want the deal, it’s too bad. If enough people don’t take the vendor up on his/her offer, the vendor withdraws the offer. The vendor makes the deal available only if enough people buy. To start, a consumer would sign up at After that, you’ll get an e-mail with a killer deal – you know…something you absolutely positively can’t live without – every day. In case you haven’t gotten hooked yet, here’s the skinny on this new craze as I understand it. If you’re wondering how to stop spending money, this is not going to help you.
I don’t like it because it’s going to result in a lot of people spending money needlessly. You’ve probably heard about Groupon and how it’s the best thing since sliced bread.
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