LivingSocial – My New Money Saving Experiment

LivingSocial – My New Experiment: This was something that I stumbled upon browsing around the Internet the other day. It’s called Living Social. Apparently I’m late to the party on this one because most of my friends already knew about it.

What is “LivingSocial”?

Basically, it’s a website offering daily deals that allows the customer to purchase a voucher that is redeemable at businesses. The cool part is the variety of things you can use it on. Well, not really. The cool part is the savings! After cruising around on the site, I found savings ranges (on average!) of 45%. That’s wild. Check them out here: Click me!

Here are some of the things they offer on this site:

  • New products
  • Travel
  • Home goods
  • Gifts
  • Jewelry
  • Etc.

LivingSocial - My New Experiment

How I plan to use this program

My wife and I like to travel and go out to places to eat. We prefer experiences vs. material goods. After browsing around, I found a few interesting things such as:

  • Dinner deals (like “Unlimited Sushi” for $20 – 50% savings!)
  • Hotel deals (stay in awesome hotels for $100/night)
  • Novel travel experiences (Oktoberfest, Hot Air Balloons, Archery)

“Beers, pretzels, and flying? Sign me up.”

“I heard (insert comment) about this company!”

If you look up some simple things like “is Living Social legit?”, you’ll find a bunch of people writing reviews on them. Some people like to hammer the negative stuff: “These guys are a bunch of crooks because …”  However, you can usually read through the lines and see that it was customer error that voided their deal.

Either way, your mileage will vary. It’s a large company that is well funded. I highly doubt they’re a bunch of scammers.

Isn’t this what Groupon is…?

For year, LivingSocial and Groupon were competitors.  However, Groupon acquired LivingSocial back in 2016.

Who is this good for?

From what I can tell, Living Social has the ability to appeal to anyone. Young, old, kids, no kids. It doesn’t seem to matter. There are plenty of activities for children and adults. The dinner and travel deals appeal to me because that’s what I enjoy.

The experiment

I plan to try out one of these deals and see the cash savings. An approach that I thought of would be to call the place first and confirm their original pricing. Then get the voucher and compare to see if it is actually a deal.

That’s about it.

I think this will be a fun way to enjoy novel things for a fairly acceptable price tag.

Polling the audience

Considering the rest of my friends knew about this before I did – what has your experience with Living Social been like? Do you still use them? Did you enjoy using them? Leave a comment let me know!

And in case you don’t feel like scrolling up to the top, here is a link to Living Social so you can check them out yourself!

Did you like this article? Check out some others:

How to invest with your HSA (Health Savings Account)

How to Save Money Commuting to Work

How to Travel for Less – 6 Ways to Save on Travel

How to Get Cash Back for Online Shopping

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8 thoughts on “LivingSocial – My New Money Saving Experiment

  1. Hi!

    I guess I’m behind the times like you. I have never heard of Living Social until now. It does seem rather similar to Groupon but that is only off first glance. I’ll have to check it out.

    Were you planning to write a follow-up post about your experiment? I hope so. It would be nice to hear what you think.

    Thanks for sharing!

    1. Hey Tina,

      That’s the plan. I want to write up a personal review of Living Social and follow up with it. I think it would be good for the people that read the blog to see if it’s something they also want to participate in.

  2. Hey, this is a new one form. Thanks for the post. I’m always looking for creative ways to live within my budget, looks like this might help. Would love to get out and try new venues as well. Please keep us posted on your experience as well. Love to get out and live!

  3. I’m living in the past like you, I’d never heard of Living Social neither until your post introduced me. I explored the website and delighted to what I’ve just seen: An Architecture Tour by Boat with Shoreline Sightseeing, Near North Side, Chicago. Sounds fab and looks spectacular plus it has amassed over 2,000 – 5-star reviews – need we say anymore.
    Who isn’t interested in dinner deal offering 20-50% discount and exclusive hotel deals for $100 per night – I certainly am. Furthermore, there are balloon trips on offer too, another box to tick on our bucket list.
    Thanks again for introducing me to Living Social,
    Simon.

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