Does Honey Save You Money? Honey Browser Extension Review
I’m frugal. Like. Super frugal. I hate spending money on things if I know that I can get a discount in some way. I just love a good deal. So that led me to download Honey. Over the last year, I’ve been seeing Honey on ad spots and as sponsors on YouTube, so, I’m about to pull a Marquess Brownless here alright? I’ve been using honey for over 2 year now and here are my honest thoughts and opinions. Should you download it? Let’s find out with a little review.
0:00 Introduction
0:33 What Honey is and & how it works
2:34 Non-US Experience
3:07 How does Honey make money?
3:37 Other Honey features
3:50 How effective is it?
4:26 Ways to save more money without Honey
6:09 Conclusions
Check out the amazon affiliate links to the gear I use in my videos here:
Sony A7III: https://amzn.to/2tVF1rj
13in Macbook Pro non-touchbar: https://amzn.to/2F4uz27
Godox SL-60W: https://amzn.to/37LsdT0
Rode VideoMic NTG: https://amzn.to/2RKHVrL
For people who don’t know what Honey is. It's a browser extension owned by Paypal that lives on your browser, next to your adblock. When you’re at the checkout screen of your favorite retail site, this coin with a smiling face appears. He’ll appear only if honey has found coupons for the site, or if you can earn Honey gold off of the purchase. When you hit apply coupon, Honey displays a popup and starts applying coupons. It starts off by applying 20 coupons, and if they all fail, Honey will ask you if you’d like to try more. Sometimes these coupons take like 15 seconds each depending on the website you’re on. If it’s taking long, go brew a cup of coffee or go on a restroom break, it’ll be awhile. From there, enjoy your savings and go on about your day.
Okay great, but how often do I run into a website that supports honey? Your results will differ from mine since we shop from different places but the most common retail sites I visit either have coupons from honey that may or may not work, or provide me honey gold points. Except Amazon. Honey works terribly on Amazon.
Let’s talk about honey gold. Honey gold is pretty much their currency that you can earn by using honey. They require 1000g minimum before you can cash out for a 10 dollar gift card. I don’t currently have enough to cash out on a gift card so here’s a screenshot of the type of gift cards you can redeem the gold for.
Each purchase you make gets them a commission from the website you bought an item from with no expense to you. Similar to how YouTubers have amazon affiliate links in their YouTube description, your favorite YouTuber makes a small commission.
Honey lets you see the price history of products on retail sites as far back as 4 months ago, and set up alerts for price changes.
Okay. Now that we know how Honey works, how well does it do its job? About 14-15% of the time do I get a usable coupon that saves me money. But, remember I’m frugal. I’m here to save the most money I can, not just save a few dollars.
The question is could you save even more money without honey? Yes. for example, Moosejaw, sells travel and camping gear. Let’s say I’m buying these basic looking pants for the price of $50. No thanks. If you use Honey, you’ll find that no coupon works. But, Honey doesn’t have access to special promo codes like those provided to students, first responders, military, and teachers. But if you’re one of those things, you can use those special coupon codes to save more money than what Honey would have saved you. There’s also sites like Rakuten that work similar to Honey’s gold point system except it’s cash back at the end of the month and not some gift card.
There’s plenty of times where you can stack your special student/first responder/teachers/military discount with Rakuten for savings that would outclass honey’s discount. Or if you really want to cheat the system. See what honey picks as a code, and then use Rakuten to get cash back instead of the Honey gold points. Remember though, how Honey makes money is by referring you. So you might not want to do that if you’re supporting Honey. And this tactic doesn’t work for just Moosejaw, it can work for any place that has “special” coupons. For example, if you’re like me and buy wayy too much Peak Design stuff, they have student discounts but no working honey discount. So it would save me wayyy more money if I used a student discount.
So, what’s the conclusion here? Honey is for the person who doesn’t want to go through the hassle of wasting time to save a few extra dollars. It’s easy to use for the average person because it shows up on the checkout screen as they’re about to buy something. It doesn’t work every time, and it doesn’t save you the most money every time, but it’s useful for people to get some sort of discount vs none at all. Depending where you shop this chrome extension can be great, or useless. For me, it’s just there for me to look at price history or when I’m too lazy to scour the internet an extra 30mins for an additional $15 in savings.
I’m frugal. Like. Super frugal. I hate spending money on things if I know that I can get a discount in some way. I just love a good deal. So that led me to download Honey. Over the last year, I’ve been seeing Honey on ad spots and as sponsors on YouTube, so, I’m about to pull a Marquess Brownless here alright? I’ve been using honey for over 2 year now and here are my honest thoughts and opinions. Should you download it? Let’s find out with a little review.
0:00 Introduction
0:33 What Honey is and & how it works
2:34 Non-US Experience
3:07 How does Honey make money?
3:37 Other Honey features
3:50 How effective is it?
4:26 Ways to save more money without Honey
6:09 Conclusions
Check out the amazon affiliate links to the gear I use in my videos here:
Sony A7III: https://amzn.to/2tVF1rj
13in Macbook Pro non-touchbar: https://amzn.to/2F4uz27
Godox SL-60W: https://amzn.to/37LsdT0
Rode VideoMic NTG: https://amzn.to/2RKHVrL
For people who don’t know what Honey is. It’s a browser extension owned by Paypal that lives on your browser, next to your adblock. When you’re at the checkout screen of your favorite retail site, this coin with a smiling face appears. He’ll appear only if honey has found coupons for the site, or if you can earn Honey gold off of the purchase. When you hit apply coupon, Honey displays a popup and starts applying coupons. It starts off by applying 20 coupons, and if they all fail, Honey will ask you if you’d like to try more. Sometimes these coupons take like 15 seconds each depending on the website you’re on. If it’s taking long, go brew a cup of coffee or go on a restroom break, it’ll be awhile. From there, enjoy your savings and go on about your day.
Okay great, but how often do I run into a website that supports honey? Your results will differ from mine since we shop from different places but the most common retail sites I visit either have coupons from honey that may or may not work, or provide me honey gold points. Except Amazon. Honey works terribly on Amazon.
Let’s talk about honey gold. Honey gold is pretty much their currency that you can earn by using honey. They require 1000g minimum before you can cash out for a 10 dollar gift card. I don’t currently have enough to cash out on a gift card so here’s a screenshot of the type of gift cards you can redeem the gold for.
Each purchase you make gets them a commission from the website you bought an item from with no expense to you. Similar to how YouTubers have amazon affiliate links in their YouTube description, your favorite YouTuber makes a small commission.
Honey lets you see the price history of products on retail sites as far back as 4 months ago, and set up alerts for price changes.
Okay. Now that we know how Honey works, how well does it do its job? About 14-15% of the time do I get a usable coupon that saves me money. But, remember I’m frugal. I’m here to save the most money I can, not just save a few dollars.
The question is could you save even more money without honey? Yes. for example, Moosejaw, sells travel and camping gear. Let’s say I’m buying these basic looking pants for the price of $50. No thanks. If you use Honey, you’ll find that no coupon works. But, Honey doesn’t have access to special promo codes like those provided to students, first responders, military, and teachers. But if you’re one of those things, you can use those special coupon codes to save more money than what Honey would have saved you. There’s also sites like Rakuten that work similar to Honey’s gold point system except it’s cash back at the end of the month and not some gift card.
There’s plenty of times where you can stack your special student/first responder/teachers/military discount with Rakuten for savings that would outclass honey’s discount. Or if you really want to cheat the system. See what honey picks as a code, and then use Rakuten to get cash back instead of the Honey gold points. Remember though, how Honey makes money is by referring you. So you might not want to do that if you’re supporting Honey. And this tactic doesn’t work for just Moosejaw, it can work for any place that has “special” coupons. For example, if you’re like me and buy wayy too much Peak Design stuff, they have student discounts but no working honey discount. So it would save me wayyy more money if I used a student discount.
So, what’s the conclusion here? Honey is for the person who doesn’t want to go through the hassle of wasting time to save a few extra dollars. It’s easy to use for the average person because it shows up on the checkout screen as they’re about to buy something. It doesn’t work every time, and it doesn’t save you the most money every time, but it’s useful for people to get some sort of discount vs none at all. Depending where you shop this chrome extension can be great, or useless. For me, it’s just there for me to look at price history or when I’m too lazy to scour the internet an extra 30mins for an additional $15 in savings.
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I prefer buying stuff on amazon and if it don’t work that good with it…
Hard pass
what do you buy condoms
Can I get an iPhone 11 for free?
If you live outside of the us try using a vpn and don’t use a free one buy one it just might be worth it
0:38
stop exposing me
i need too get on honey for my mom she wants too buy something without money
Download the new Trump App.
Who else got and add for honey before the video about honey?
There was a honey ad at the end of the video😂
4:00
i've been getting Medium papa john pizzas for $6 because of honey. I recommend it but bare in mind that places like Adidas and Nike is hard to get coupons unless it's selected products.
HOW can you not even mention that honey collects your data (the plugin is always active and knows the websites you visit)? I'd say if honey anylises and sells the collected data this would be the most efficient way for them to make money. Way more than a small afiliate program.
Even in the U.S., I only get coupons every once in a while, most the time it's a penny or two(I wish I was kidding) or "you're already at the best price", I usually buy "on sale" items and comparison shopping anyway so honey doesn't really do anything. It's not like honey to crawl every website and redirect you to it for a cheaper deal.
I live outside of the US, I use honey mostly for Domino's Pizza and for Vapor95, otherwise it never really worked for me. For a clothes store it worked once, but the coupon had already run out.
Doesnt work in Russia too
Thought Frugal was your name
its usless in canada it never finds anything i can use i tired it a few years ago for a few months and never found one coupon plus the extension itself ran like total shit and lagged my browser.
I never seem to get any coupons for the sites I use, I use mostly amazon so I found it useless, its useless for ebay.