Split by GroupMe: Collect Money From Groups – No Fee Promotion

GroupMe is a group-texting smartphone app with a new feature called Split which allows you to collect payments from groups via credit card (collecting rent from roommates, splitting a bar tab, chipping in for a friend’s birthday gift, etc.). The regular fee for this service will be 4% + $0.99, which covers credit card processing fees plus some profit for GroupMe. The cost for this convenience seems rather steep for regular use, other than maybe splitting a rare dinner bill when I don’t have cash.

However, until Tuesday, March 12th at 11:59PM CST, all fees are waived. Naturally, airline miles collectors love this and a few quickly decided to split a Ford Mustang between friends at $10,000 a pop. 😉 So the free offer was restricted to apply to the first split transaction up to $499 per person. I like trying things like this out, and it was still worth the 10 minutes to get 998 miles and also be able to satsify basically $1,000 of spending requirements on a few $500+ bonus credit cards (these, actually). Here’s how I did it with two smartphones (me and wife).

  1. Both Phone #1 and Phone #2 install the GroupMe app, linked to their respective phone numbers (must verify phone number via text message).
  2. #1 invites #2 into a group and starts a “Split”, let’s call it Paris Vacation Tickets, set to $499 per person.
  3. #2 joins group, and pays $499 with credit card (verify no fees).
  4. #1 started the split and so can’t pay themselves (bummer). You could involve a Phone #3 here, but instead you use your computer to visit the custom split link sent to you via e-mail (http://split.groupme.com/XXXXXX) and choose “Pay without can account.” #1 then pays $499 with their credit card (even if linked to same account). If more people wish to pay, you can also do with the custom link.
  5. Now that two people have paid (minimum required is two), #1 “collects” by entering their bank account information. $499 will be then charged to the two credit cards (again verify no fees with this promo), and confirmation is given that the $998 will be deposited into the bank account in 3-5 business days.

Groupon: Office Depot $10 for $20 Gift Card

Groupon is offering a $20 gift card to Office Depot for $10 (Update: sold out, boo). Valid “at any Office Depot location across the country, and for online purchases”. Also, the LivingSocial Sam’s Club membership deal has been extended for another day (previous post).

Remember that you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.

Amazon Gift Card, Kindle Accessories Promotion

Amazon has a special Kindle promotion where if you buy a certain amount of Amazon gift cards, you’ll get up to 20% back towards qualifying Amazon Kindle accessories in the form of a promotion code (i.e. coupon code). The key here is that “Amazon.com Kindle Accessories Gift Cards” work exactly the same as any Amazon gift card. The offer page reaffirms that you can use them on “Kindle Accessories as well as millions of other items on Amazon.com“.

This is the same fact that allows people to buy Amazon Kindle gift cards at the grocery store for 6% cash back and use them online towards anything at Amazon.

Buy $50-$99.99, get back $10 via promo code
Buy $100-$499.99, get back $20 via promo code
Buy $500 or more, get back $100 via promo code

You must make your purchase by 3/14/13, and you’ll get the promo code by 4/1/13. The promo code is only good towards an unknown list of “qualifying Amazon Kindle accessories” which are sold directly by Amazon. If you already spend this much at Amazon and have a Kindle accessory you want in mind, then front-loading your purchases to get up to 20% back/$100 in “free” Kindle gear may be worth it. Make sure you spend exactly $50, $100, or $500.

Amazon Mom & Baby Promotions: $10 Off Diapers, Coupon Book

Amazon Mom is a program that has some nice perks for parents if you already pay for Amazon Prime at $79 a year (name is a little sexist, though ;)). The main draw is the 20% off diapers & wipes (5% Subscribe & Save discount + 15% Amazon Mom discount).

Right now, they have a new-member promo for $10 off your first pack of diapers when you sign up for a free 3-month trial. During the trial, you’ll also get the free 2nd-day shipping of Prime but not the video streaming or free Kindle book borrowing. Many people have reported problems stacking the $10 off with the 20% off Subscribe and Save discount, but others have reported success after either changing up the subscription periods or using Amazon’s Help chat feature to manually combine them. If you can stack them, it’s a good deal.

Also, I saw that they are offering a mysterious coupon book of “$100 value” when you buy a qualifying baby book. Has anyone gotten this coupon book yet and is it any good? We currently own the following books on their list (amongst others, we went book crazy):

Now I’m looking for a good baby sleep book. Any suggestions?

Sam’s Club Membership Discount – LivingSocial

(Update: Extended for an additional day. Also, if you use them, remember that you can save even more with cashback shopping sites like eBates ($5 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs.)

LivingSocial has a special Sam’s Club membership deal where for $45 you can get:

  • 1-year Sam’s Club membership
  • $20 Sam’s Club gift card
  • $19.84 in food vouchers (free Artisan Fresh Rotisserie Chicken, 16″ Artisan Fresh Take-and-Bake Pizza, and two boxes of 6-, 12-, or 24-count Artisan Fresh Cookies)

Expires soon, over 25,000 purchased already. Valid at any Sam’s club location. New members only, which is defined as someone who does not have a currently valid membership. However, it appears that you can wait until June 8, 2013 to actually activate the voucher without losing any value.

Free $5 Gift Card for Joining Starbucks Rewards

Starbucks is offering a free $5 gift card for new members of their Starbucks Rewards program that register a Starbucks (gift) card. If you don’t have one, you can either buy one from a physical store or use their mobile app. Ends 3/15/13.

Indeed, the easiest way to get a free $5 gift card is to download their smartphone app (Android/iOS) and sign up for a new account via the app. When asked to register a card, choose to “Get a Mobile Starbucks Card”. You may need to wait a few minutes, but the card should eventually get credited with $5 without having to load it with your own money. Free caffeine, good for at least two iced coffees with milk per person! 🙂

LivingSocial: 20% Off Coupon Code 2/20-2/22

LivingSocial has a new promo code MYFEB which will get you 20% off almost any deal for $100 or less, local or nationwide. Look for “Redeem promo code” during checkout. Valid for first 10,000 uses. Must be used by February 22, 2013, 11:59 p.m. (Pacific Time). Fine print below:

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Links: How to Make Money in the New Share Economy

Forbes has an article about how the share economy is taking off. The primary focus is on AirBNB, which lets you rent out a room in your home with ease and last year booked around 15 million nights of stays. I’ve written about some of these sites before, and while I mostly forgot about them, some people are going quite well with them. “Almost anything you can buy new, you can also rent from a stranger.”

One person lives off of income generated by renting his house out whenever he can (while he cordons himself off to an unattached area). One person makes more money dog-sitting from home than working at Starbucks. One person rented his car out part-time for more than the monthly payments, so now he has three cars being rented out. Yet another drives his car around ridesharing every night and is basically a taxi service. These people may be the exception rather than the rule, but is it proof that the next generation of millennials really don’t care about ownership anymore? Is it better to just have access to whatever you need when you want it? Peer-to-peer everything!

Here’s an infographic from the print version of the article that lists sharing websites of all types from around the world, with the data source being Rachel Botsman of CollaborativeConsumption.com.

Here are links specifically dealing with sites that allow you to make money from your own stuff (US-focused only) – be it a room, a car, or your power tools:

  • Rent out rooms in your house (or your entire place): AirBNB, Roomorama
  • Rent out your parking space: ParkingPanda, JustPark, ParkCirca
  • Rent out your car: RelayRides, Turo
  • Drive around others in your car (rideshare, pseudo-taxi): Lyft, Sidecar, Uber
  • Pet sit / doggy daycare in your spare time: DogVacay, Rover

Motif Investing Adds New Passive, Index Fund Portfolios

Motif Investing is a new brokerage firm that is unique in that it lets you buy an entire basket of up to 30 stocks for only $9.95 per trade. I previously thought that this would be useful to creating your own “custom ETF” of whatever you want, for example dividend stocks.

This week, they rolled out a new set of “motif” baskets which are focused on passive, index fund strategies. I’m happy to see this, although in my opinion some are hits and others are misses. You can find them under the “Investing Classics” category:

  • Permanent Portfolio. Based on the Harry Browne Permanent Portfolio of 25% stocks, 25% long-term bonds, 25% cash (short-term bonds), and 25% gold. Their implementation seems a bit needlessly complex, however, as they use over 15 ETFs to replicate international stocks when they could have just used something like Vanguard Total International ETF (VXUS). But again, you can edit and customize the motifs to simplify down to 4-6 ETFs. Still, buying 5 ETFs of your choice in one go for $9.95 isn’t bad, and they will even rebalance for you as well.*
  • Target Date Motifs. Based on target-date retirement funds, you can choose for example “Retiring 2050” or “Retiring 2030”. I’m not a big fan of this one, if you want to go this route I’d just stick with the Vanguard Target funds bought directly from Vanguard for no commission fees at all and the highest level of simplicity.
  • Ivy League. Based on the Yale Endowment manager David Swensen portfolio. Nice and simple, just the 6 ETFs matching each of the asset classes as described in his book Unconventional Success. I’m biased of course, as my own portfolio is very similar to this.
  • Index Fans. Supposedly based on the Boglehead philosophies of Jack Bogle, founder of Vanguard. I don’t know why they chose to use a combination of the Total World Stock ETF (VT) and Total US (VTI), when VT is already 50% US stocks and hold a lot less companies (and thus less diversification) as compared to holding US and non-US separately with VTI and VXUS. Or why they didn’t just use a single Total Bond ETF (BND) for bonds. I’m thinking they didn’t actually get official Bogle approval, nor did they read the Bogleheads book.

*Excerpted from a previous interview with Tariq Hilaly, Motif Investing’s Co-Founder & Chief Investment Officer:

MMB: Does the motif ever “rebalance” in the future back to the original weightings to prevent drift?
A: Yes, we rebalance most motifs on a quarterly basis. On rare occasions, with longer-term investing strategies that take longer to play out, we rebalance once a year.

$150 Sign-up Bonus.

Motif Investing is also offering a $150 cash bonus when you open a new brokerage account with $2,000+ and make 5 trades at $9.95 each. If you make 1 trade, you’ll get $50. 3 trades will get $75. The new funds must be posted to the account within 10 calendar days of account opening, and must remain in the account for 45 calendar days.

Whole Foods Promo: $10 Free with $100 Reload

Whole Foods Market is offering a $10 bonus if you auto-reload a Whole Foods Market gift card with a $100+ using any American Express card. You can buy a gift card online or in-store. You can also get a $5 bonus for every third reload of $100 or more after that. Offer runs through March 31, 2013.

A new Whole Foods recently opened up near us, and we’ve been shopping there occasionally. Despite being nicknamed “Whole Paycheck”, I have to admit that it’s a nice change to talk to knowledgeable employees about meat and other products. Being able to buy things by the pound (meat, bulk foods) as opposed to by the package has also been less wasteful for us. Their 365 basic items are also pretty good, although I’m certainly not saying that I could do all my shopping there.

Selected fine print:
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Best Buy $50 off $100 Coupon, In-Store with Mastercard

(Short version: Best Buy makes attempt to alienate the last few customers that they have left, and succeeds.)

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Free Pizza: Super Bowl Giveaway at Papa John’s

Visit PapaJohnsCoinToss.com and if you guess the Super Bowl coin toss correctly, you’ll get a unique coupon code for a free large 1-topping pizza redeemable at papajohns.com. The thing is, the terms and conditions clearly allow up to 4 four members (age 13+) in a single household to vote. I voted heads + Mrs. MMB voted tails = guaranteed free pizza dinner, retail value $11. If you have 4 people, that’s 2 free pizzas guaranteed.

You must vote by February 2nd; code will be e-mailed out February 4th and will be valid until March 10th. No account needed, no credit card needed, no newsletter sign-up needed. This offer actually worked last year even though I was skeptical… That’s a lot of pizzas to give away, even though it’s good advertising!