We have more requests for an Ibotta review than any other app. Which makes sense since the Ibotta app is a simple way to save money every week on groceries. But, is it worth it? Let’s find out. (Want to cut to the chase? It’s TOTALLY worth it!)
For a limited time, you can even get $10 to try Ibotta by using this link to join!
Quick update, before I tell you how I use Ibotta, and give you the results of what we got in gift cards without changing our spending habits, I wanted to say that I know how stressful finances are right now especially with groceries. I also know that I’m uniquely qualified to help you. I’ve helped hundreds of thousands of people get out of the paycheck to paycheck cycle (after trying and failing for years), by teaching them how to work with their unique personality to actually stick to a budget.
I also realize that this app (which is still pretty amazing) isn’t a miracle worker. And that a lot of you need ALOT more help than just an easy couponing app. A lot of you need to save hundreds, if not thousands a month and constantly set and blow the grocery budget every single month.
So I’m also giving you access to the insanely popular 90 Day Budget Bootcamp for FREE. Because I know that this program will change every aspect of your life. Take a look around. Because this is the LAST DAY you will ever sit around worrying about money. Let’s get to work.
Sorry, but if you’re looking for a fast way to reduce your grocery spending… then that needed to be said. Now back to Ibotta…
Have you ever seen something that you thought you would really like but don’t have the time, money or motivation to try it for yourself? Maybe you saw the post on Pinterest about making cinnamon rolls in a waffle iron (it works, but then you just east WAY more)? Maybe you saw on Facebook that someone made a week’s worth of salad stuffed in mason jars and really loved the idea but didn’t want to waste all of that salad if they got soggy the second day (it’s genius- I tried it and have done it for years now). You’ve come to the right place!
In this series, we take an idea that we’re interested in and give it a try. We analyze the time, effort and cost, and decide whether it was worth it or not. If you want to cut to the chase, Just look at the last paragraph to determine if it was worth it. This week we’re doing exactly that by giving you an Ibotta review to see how much you can save on your groceries with this free app.
One of my IRL (in real life) friends posted her yearly account balance with programs like Ibotta on social media, where I follow her. She had “made” (or saved, depending on how you look at it), over $600 in a year using programs like this. Surprisingly, the comments on her status were pretty negative.
Most people seemed to think that she would have had to spend too much to “save” that amount. I knew it was a legit way to save (I’m close enough to her that we had talked about it) but hadn’t had time to branch out into it. So, I added it to my new series, “Worth It?” to find out for myself.
It was clear we need an Ibotta app review.
What is Ibotta?
It’s a FREE app that lets you get cash rebates (not points to track or any of that) on STORE BRANDS (or actually, any brand).
If you just buy the cheapest item (usually a generic or store brand), then you need this app. You get small cash rebates (about 20 cents) on things like milk, apples, shredded cheese, frozen veggies, tomatoes, bananas, eggs, bread, and pasta. You can buy any brand of those products and still get the rebate.
They have tons of other rebates on national brands as well, including organics. Companies like Ragu, Seventh Generation, Pampers, Hormel and more have rebates available. Often the national brands are worth more (like $3 off a bag of Pampers Diapers).
It gets better though! You can also earn money from team rebates. For example, this month, if your team earns $10 in a month, and you earn $5, you’ll get a bonus of $2. If your team continues to save, you can earn more and more. Which is why you want to be on my team!
I can help you earn bonuses because I use the app like crazy. I’m up to $18 in rebates from the last two weeks alone! Make sure that you sign up under this link so that you can get the team bonuses!
Ibotta is usually competing with Rakuten as the “Best Cash Back App”, and they go back and forth as to which is more popular. I think both are great (I use Rakuten to0 but they’re typically used for online purchases and Ibotta is typically used for groceries).
Of course, I’ve already cashed out my first $30 (earned last month) to make absolutely sure there were no issues. I chose to have it transferred straight to my Pay Pal account and the money was there within 5 minutes of hitting the cash out button.
How much time does it take to use Ibotta?
No Ibotta review would be complete without breaking down how much time you spend to save money though.
For this week, I used 16 generic brand rebates. It took me 5 minutes total to unlock the rebates (you watch a 15 second Ibotta ad for each). Really, though, I would only count half of that time since, I was working on my grocery list and only pausing enough to hit play. I verified the purchases in store (it took me less than a minute for all- I just kept the app up and swiped the barcodes as I put them in the cart). When I got back in the car, I uploaded the receipt before I even drove away using the app (I just lay it on the steering wheel and took a photo), Which took me less than a minute. In total, this took me less than 7 minutes.
What did I save?
This week, just on the generic “any brand” offers, I saved $3.20, this would equal out to be $166 in a year.
Last week, when I couponed, I’ve saved $9.70 by spending less than I usually do on groceries through couponing combined with the Ibotta app. I was able to snag $100 worth of groceries for $50 in one trip and $120 worth of groceries for $60 in another trip. I’d have to keep getting lucky with high dollar rebates on things I use, but let’s just say that happened, I could save $504.00 in a year. Not to mention bonuses, anywhere around $60 a year in team bonuses (assuming a conservative $5/month team bonus earning).
Even, if you don’t coupon at all, and you only buy a few basic groceries a week, a very conservative estimate of $2.00 a week would lead to a yearly savings of $104. Even at that rate, you’d be eligible for team bonuses assuming the other members of your team are using the app (which is why you should join my team!), so add in another $2 a month and you’re up to $128/year.
Dangers of Ibotta:
Update (2023): I’ve used Ibotta successfully for years now, and I’m often surprised to see posts like this one or a social media post saying that they think of Ibotta as a scam. I can say that Ibotta definitely isn’t a scam, you need to earn $20 to make a withdrawal (which is a common misunderstanding), we let the money accumulate all year and take a withdrawal in November to add to Christmas funds. When my kids were little, this actually paid entirely for our moderate Christmas (we combined it with our Rakuten earnings).
I think the bigger danger of using Ibotta is that there’s a recent realization that when it’s not clear how a company like Ibotta makes money, your data is usually the way they make money. This concept was made popular by The Social Dilemma Movie .
In Ibotta’s case, they make money with affiliate income (so Yoplait or another large company offers them a portion of their sales when their users buy Yoplait using those coupons, and through advertising (seeing ads while you use Ibotta) and they may sell non personalized data For example- they may sell data that they’ve compiled that says that 85% of their users that buy Yoplait yogurts also buy Sarah Lee Bread (which is a stat that I just made up), but not that Emma Roberts (or whoever) buys Yoplait and Sarah Lee Bread). This doesn’t bother me in the slightest, but I mention it in case you’re super sensitive to stuff like that.
If it helps, Consumer Reports recommends Ibotta (read their article here) and they have a 4 star rating on BBB *Better Business Bureau).
Ibotta Review- Well, Is it worth it?
Yes! This is an amazing saving opportunity for people that are too busy to coupon!
Now, I’m not bashing couponers! I love coupons and have started using them heavily. But a lot of you may not be ready for that. You may be overwhelmed handling what you have now and don’t want to pile on more. I completely get that.
This is why you need this!
It’s such a painless way to save and it really adds up, especially if you just leave it in your account to cash out right before the Holidays. Wouldn’t an extra $200 or so be welcomed right before Christmas?
If you coupon, this is a no-brainer. You can use the Ibotta app in addition to store sales, and coupons, so it’s one more way to get free or almost free products.
Heads up: For a limited time, Ibotta is giving you a $10 bonus when you get your first rebate back! You can grab that here.
P.P.S. If you clicked on any of the other links in this post for Ibotta and are now staring at this going “Doh! I wanted to be on her team!”, fear not! All the links on this page are for my team. 🙂
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So, that’s my Ibotta review. Did you learn anything new?
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