The advent of online bill pay means that, with Internet access, it’s no longer necessary to pay for postage. That means you save on all those stamps, not to mention the time and hassle of all that paper.
Sure, access to the Internet costs you something every month. But did you ever stop to think how much money it saves? Online price comparison and access to wholesale markets and group deal sites, like livingsocial.com and Groupon, can save the average consumer $8,000 annually, according to new study from the Internet Innovation Alliance (IIA), a coalition that lobbies to make high-speed Internet access more affordable and widely available. “Generally Internet shopping can be a big money saver,” agrees Jody Rohlena. senior editor at Shopsmart magazine, but beware of online impulse buying: “It’s important to stick to your budget and try not to go crazy.”
Here are nine areas of consumer spending where the Internet can save big bucks, according to the IIA study. Can you guess which spending category is in the top spot?