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Have you checked out the newest way to save money with your smartphone? A new mobile app called ibotta allows users to earn cash for products they buy at a large selection of chain grocery stores, drugstores, and supercenters.

Download ibotta for free, browse the available offers, perform the short tasks to complete the offer, then head to a participating store. Scan the bar code of the product before you buy to make sure you’ve got a match, then head to checkout. The best part is that you can use manufacturer coupons and store coupons and still claim your money from ibotta!

Once you finish your purchase, snap a picture of your receipt, scan the product’s bar code, then submit it. Ibotta will then verify the transaction, and the money will be added to your account within 24 hours (often within the hour). Once you’ve reached $5.00 or more, you can choose to have the money transferred to your PayPal account or donate the money to schools.

To tailor which offers you get in the future, give feedback by giving a thumbs-up or a thumbs-down on each offer. Soon, ibotta will learn your preferences and give you more customized savings. To check out which coupons you can pair with your ibotta offers, visit the KCL Coupon Database!

As a bonus, for a limited time ibotta will pay you $1 for every friend who signs up using your personal referral link, plus your friend will get a $5 bonus in their account when they redeem their first offer. So grab your smartphone and get saving!

Learn more about how to use the ibotta app by reading this previous KCL post.