Groupon Remorse

September 23, 2010 in Couponing,Saving,Thrifty Tips

I hate admitting this, but I have purchased $30 in Groupons this week.  One of those Groupons was from Groupon Portland, demonstrating that I’ll go out of my way to see what kind of deals they’re offering in other cities.  I’m not alone in the Groupon obsession; a story I watched earlier this week on Nightline stated that Groupon has more than 11 million active subscribers and has saved them more that $488 million.

 As a woman under age 35 and living in a city, I also learned that I fit right into the Groupon niche.  Those of us in this demographic make up 70% of Groupon users.  Yet, the more I think about it, did this service really help to save $488 million?  Do I really need $40 worth of mail order brownies or $25 in Asian cuisine?  I don’t.  They’re impulse buys that I justify to myself because it’s “a good deal,” but it stops being a good deal when I have $100 worth of stuff in my Groupon account that don’t really need.

From this realization, I have come up with three questions I will ask myself before any Groupon purchase:

  1. Is this something I would buy anyway?
  2. Do I have room in my budget to justify buying this Groupon?
  3. Is it from a reputable business that I already patronize (or have seriously thought about visiting?)*

*This last one stems from last week’s fake photographer drama on Groupon Atlanta and businesses that have been overwhelmed by their Groupon involvement.

If the answer of any of these questions is “no,” I’m going to put the mouse down and step away from the Groupon.  I still think they can be great, but only when they lead to genuine savings for non-impulse buys.  Have you ever had Groupon remorse?

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{ 6 comments… read them below or add one }

Lauren September 23, 2010 at 1:37 pm

mail order brownies… really?

Reply

single&saving September 23, 2010 at 1:44 pm

I’m not going to mail them to myself, they’ll be a gift for someone in my family. One of my aunt’s lives near the bakery and they’re AMAZING. Still an unnecessary (but delicious) purchase.

Reply

Lauren R September 23, 2010 at 5:20 pm

I totally agree! I go with ScoutMob because they are free. I don’t have to spend money to save money and I like that. Then I can do the occasional groupon if it is something “special.”

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single&saving September 23, 2010 at 5:23 pm

Great point about ScoutMob! I like that they’re for a percentage off instead of for a specific amount.

Reply

Andrea I September 24, 2010 at 2:45 pm

Today’s ATL groupon is looking pretty tempting. I’m pretty sure body wraps are a hoax, but if I can lose 5 inches in 50 minutes sounds pretty good to me.

Reply

single&saving September 24, 2010 at 2:50 pm

I hear that they work temporarily, but you go back to normal as soon as you eat or drink. So not worth $30.

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