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Money Saving Coupon Auctions Prohibited

Coupon Auctions Prohibited

Are Coupon Auctions Prohibited?

  • A must for many families. Pinching pennies includes clipping coupons.
  • With the Internet, gone are the days when clipping coupons only came from your local newspapers or magazines.
  • For some, coupons are purchased from auction sites.
Some auction sites like eBay allow coupons to be sold on the auction block. I've never 'bought' a coupon as it almost seems like an oxymoron to me, but I guess one could still get a bargain by acquiring coupons that way.

Some Coupons Reveal if Auctioning is Prohibited:

  • Some manufacturers prohibit their coupons being auctioned.
  • Be cautious purchasing auctioned coupons
Example: a coupon from one manufacturer getting their two cents worth in regarding the auction strategy; by prohibiting the auctioning of their coupons.

Notice the coupon states, "May not be sold or auctioned, or otherwise transferred or reproduced." This manufacturer considers it to be a form of fraud if their coupons are auctioned.

Swoopo Penny Auction Strategy for Bargains

DealDash Penny Auctions:

Curious about Swoopo DealDash auctions, and how it works?
(DealDash was originally known as Swoopo).

Some say that penny auctions are more of a gamble than an opportunity to grab a bargain, but you decide.

In that Swoopo has evolved into DealDash, read our updated article about penny auction strategies.
Win Penny Auctions?

QuiBids Strategy for Stretching Your Money

Looking for the QuiBids strategy for stretching your money?

Some of our readers were asking what the QuiBids strategy for winning is, so I decided to share this information with you.

If you're not familiar with QuiBids, the merchandise bidding is pennies on the dollar, with some large ticket items won for a small portion of the normal retail value. Thus the name, "Penny Auctions".

First off, bidding on sites like QuiBids is a strategy in itself for stretching your money! You can expect to find three main types of merchandise to bid on:

  1. Liquidations
  2. Overstock surplus
  3. Warehouse closeouts

In our prior post, "QuiBids and Pinching Your Dollars", we shared some basic information about QuiBids, and now you've been asking what the strategy is to win items. Let's cover some basic QuiBids tips to see if we can help you with stretching your money!

Quibids states the following under their, "What is the Best Way to Win an Auction" section:
There’s not a guaranteed winning strategy, but here are a few tips to help you get started, as well as a few tips on what not to do in an auction.
What are some of their tips for a winning QuiBids strategy for stretching your money?
  • Place your bid within the last 15 seconds
  • Bid on the cheapest products
  • Use their Bid-O-Matic tool
  • Turn Your Competitors Bid-O-Matics against each other
  • Watch other bidders
Keep in mind that while you may use their Bid-O-Matic tool, that your competitors can use it against you, while you may try to use it against them.

In closing, is there really a winning strategy for QuiBids? Just as there are winning strategies for money games, there must be one for QuiBids, but I'll let you decide!

You may wish to read what their site provides regarding the biggest mistakes bidders make! By reading what they say are mistakes, it can help you to plan you winning auction strategy! The more you can determine a winning strategy the more you'll be stretching your money!

Money in the Bible 1 Timothy 6:10

Have you ever taken the time to research how often the word 'money' appears in scriptures within the Bible? The topic of money can be found in the Bible in over 2300 scriptures!

Why is the topic of money so predominate in the Bible?

Money is a primary idol affecting people from all walks of life, causing one to struggle with idolatry from either having too much, or too little.

Does that mean money is a bad thing? It can be, but God also uses money to bless people. However, if a person is in love with money or if it becomes an all-consuming focus, it can destroy many people and relationships, including a persons relationship with God.

Probably one of the most widely used scriptures pertaining to money, which is often misquoted is the scripture 1 Timothy 6:10, which states, "The LOVE of money is the root of all evil." but many mis-quote that scripture to read, "Money is the root of all evil.", which takes on a completely different meaning!

The Bible makes it perfectly clear that God blesses specific individuals with large amounts of money, and/or possessions of significant monetary value. Money in the Bible is also used to demonstrate stewardship issues, and attitudes of the heart. Money isn't the issue, but the love for money is an issue.

Curious about how many times 'money' appears in scriptures? Find out from this money in the Bible video.

QuiBids and Pinching Your Dollars

Here's a Penny Pincher tip for you today. Have you checked out QuiBids? As the name says it, you bid on merchandise. What makes their site intriguing is the fact that some of the items go for an extremely low bid, and the shipping prices don't seem to be out of line for what it costs to ship things these days. Well, at least that's my first impression by looking at their site. Lets take a look at how your dollars might work on QuiBids.

What makes QuiBids tick, and how can they offer items for such crazy low prices? The answer is in the fine print. If you take a look at QuiBids Terms and Conditions, which you can access from the footer on their site, they make money from bids, and a bidder purchases 'bid packs'.
"Bid Packs and Bid Vouchers expire after one year. Free Bids are only valid until the expiration date stated in the promotion, in general only seven (7) days."
Now, that is not to say it's a bad thing for them to charge for bids, if of course a person is able to acquire great deals. QuiBids Terms and Conditions point out that you are limited to how many items you can win in a day, and over specified periods of time, which make sense from their end. However, keep in mind you could possibly end up spending more on bidding packs than the value of what you win. I'm not speaking from experience, but from my own interpretation of how it might work. Here's what it says about QuiBids bidding restrictions:
"QuiBids limits the number of auctions that you can win in a 28 day period to a maximum of eight. In addition, users may only win or be winning a maximum of three auctions per 24 hour period. QuiBids also limits the number of times users can win an item over $285 in value during a 28 day period to one per item. In addition, users may only win one item over $999.99 in a 28 day period."
This blog post is not a sponsored post, but just my own first impression about QuiBids and how their site works. As always, be sure to read and understand the terms and conditions of a site prior to registering. It looks like it could be an interesting site, that is if you need some merchandise. If not, save your money for more important things in life. Just my .02 worth.

Help Wanted in Broken Economy

Economic trends are often repeated throughout history. In regards to unemployment it's not much different 100+ years after this character cried out in 1909, "Help Wanted, I am broke - send some glue." Someone added the statement, "It's hard work for me to get out of this position."

Both statements appropriately describe the frustrations experienced by many regardless of the economy.

Perhaps the man missed the opportunity advertised in the paper which read, "Situation Wanted. Man in a restaurant to mash potatoes with a wooden leg." A rare opportunity indeed - lol!

I was happy when I won this 1909 postcard on eBay, so I could share it with you here on Money Illusions!

The man who sent the postcard to his loved one stated that he was;
"Not broke, but bent."

Money Illusion vs Money Illusions

When I moved this blog to it's own domain and chose the name "Money Illusions" (plural), I felt it really was the best descriptive words for wanting to share the illusions and false perceptions often surrounding money.

At that time I didn't really stop to think about the term "money illusion" (singular) in regards to the economic principle, which refers to an attitude toward money considered in a nominal terms, rather than real terms.

Just thought I would make mention of that in case any of my readers may have found it to be confusing.

Hence the reason I decided to add this post to clarify the difference between Money Illusions, (from my perspective), and Money Illusion, as explained above!

If I haven't confused you, that's good, but if I have confused you, I can't really help that since it's not the easiest thing to explain.

That's okay, just ponder it for a while and it will make sense. 😉