Dr. Mary Ann Campbell, CFP® = "Dr. MAC"

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Groupon Cons and Pros

Saturday, November 12th, 2011

Groupon seemed to be the best thing since sliced bread in the beginning. High discounts on multiple items and services were appealing.  I love a bargain, and found myself a bit too eager to rack up so called bargains at Groupon.  After joining other deal sites that quickly popped up, I was faced the dilemma of being able to use the coupons before they expired.  Also, some of my Groupons were difficult to redeem.  It took more than three hours over a series of three days for me to redeem my Groupon codes for ear bud headphones.  The process was complicated, and I had to obtain phone help. 

Mary Hunt is a nationally known speaker, author, and expert on becoming debt free.  I like what she wrote in her November, 2011 Debt-Proof Living Newsletter, regarding Groupon:

“Here’s the deal with Groupon. This company flat out preys on weak people who are prone to react impulsively, tricking them into buying stuff because it looks like such a great deal, not because they really need to eat out at a fancy restaurant or hire four hours of maid service or have an exquisite family portrait taken at the beach.

Groupon and other similar social networking coupon companies that load your email box with daily offers of everything from spa treatments to knitting lessons are clever, albeit, somewhat devious.

Do not ask me how I have become so knowledgeable on how this Groupon thing works. And how it’s impossible to have a normal relationship with Groupon. Just don’t. And believe me when I tell you that the only way to deal with this monster known as Groupon is to unsubscribe.

Mary has been there and done that with credit cards and doesn’t want to see others sucked in with this new way to separate our money from our wallets.  Her newsletters are packed with helpful information from her many followers, fans, and subscribers who have dug themselves out of debt and share their motivations and successes.  A subscription to Mary’s Debt-Proof Living Newsletter  would be a thoughtful gift to anyone who has a bit of a spending or debt problem.  

While not Home Shopping Network, these deal coupon sites are akin to constant temptation through a new media.  If you subscribe to them, they’ll appear daily in a more personal way…your email.   

Groupon offers some great deals and you can save money if you’re able to follow through in time and it’s something you will actually use.  Stay alert and beware of deal fatigue.

2 Responses to “Groupon Cons and Pros”

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