Tip of the Day: Save Money With Gift Cards

Feb. 14, 2011 — -- You can save lots of money by using gift cards! Find out how with the below tip.

One of the best ways to save money and even get gifts for yourself or your friends, is by buying and using discounted gift cards. The idea is simple, you can purchase a $100 gift card for only $80. This gift card can then be used to buy $100 worth of groceries, clothing, necessities, whatever you need! Many sites online offer gift cards at a discounted rate for some of your favorite retailers – just search online.

CLICK HERE for more great savings advice from "GMA" financial contributor Mellody Hobson.

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