We all have our favorite apps. Social media apps like Facebook and Twitter, games that we enjoy, among numerous others. I want you to take your phone out of your pocket, unlock it, and flip through your apps. How many of the apps worthy of being on your phone make you money? What if I told you that you could make an extra $24-30.00 bucks a year just for uploading pictures of your receipts?
What is Receipt Hog? Basically, it’s a free app that pays you to upload pictures of your receipts. You get paid in the in-app coins. You have a weekly limit of 100 coins you can earn from receipts (equivalent to fifty cents), and then, once you earn enough, you can cash out for a variety of gift cards, or even cold, hard cash in the form of PayPal credit.
This truly is an incredible app. Virtually every single receipt you’ve ever gotten can be uploaded to this app, and, quite frankly, if you aren’t using this app, you are literally throwing away money.
The app is super simple to use. Simply download it to your smartphone, create an account, and you are ready to begin! The receipts that will earn you coins are from stores that sell grocery items, health, and beauty items. If the receipt is under $10.00, you will receive 5 coins. If your total is between $10-50, you will receive ten coins, $50-100 gets you 15 coins, and any receipt more than $100.00 will put 20 coins into your account.
You have a period of seven days to reach the 100 coins. After that period is up, your coins will reset (they will still be in your account, obviously), and you can earn another 100 coins for the next seven day period!
As mentioned, you have a weekly limit of 100 coins. This can be fairly easy to reach, and after you reach that threshold, every receipt regardless of what it would normally earn will earn you 5 coins. So, for example, if I am already at 100 coins and upload a receipt that had a total of $150.00, then I will earn 5 coins, even though I normally would have earned 20 for that receipt.
It is very important to be mindful of your receipts. If you have a receipt less than ten bucks, then upload it even if you have reached 100 coins, You’ll still get the five coins you normally would have.
If you aren’t careful, you’ll simply rip yourself off.
Does it seem overwhelming to keep track of all of this? It kind of is. So, I’m willing to share my secret with you to manage my receipts so I only have to spend five minutes during the week with this app.
The big secret? It’s a plastic basket. (insert dissapointed sighs here)
I have a basket sitting on my dresser where I put my receipts. Then, when my week resets and I am able to upload more, I lay out my receipts. I choose the ones worth the most and upload those first, and then I leave my smallest receipts for last. This will allow me to receive the most coins possible for my big receipts, thus uploading my least valuable receipts later.
I recommend that you do not upload a receipt as soon as you get it. Just save them all, and upload them all at once. You’ll understand why I say this later.
Doing this helps me to get the maximum amount of coins per week. Oh, and there’s one other thing to be mindful of: the app will only accept receipts that are less than two weeks old.
To use this app to its full potential, you must create a nice balance of uploading the right receipts at the right time and saving the right receipts for the next period.
Are you confused? Good. I’ll create a basic example to help you understand how I do this.
During the first week, upload every receipt as soon as you get it. Then, once you reach the 100 coin limit, start saving the receipts (I highly recommend getting a cheap basket to keep them readily available and easy to find).
So, let’s say you have collected 10 receipts over the course of the week in chronological order. The values look like this:
- Receipt 1- $50.00 = 10 coins
- Receipt 2- $58.00 = 15 coins
- Receipt 3 – $8.86 = 5 coins
- Receipt 4 – $138.00 = 20 coins
- Receipt 5 – $3.25 = 5 coins
- Receipt 6 – $56.oo = 15 coins
- Receipt 7 – $150.00 = 20 coins
- Receipt 8 – $38.56 = 10 coins
- Receipt 9 – $48.90 = 10 coins
- Receipt 10 – $114.70 = 20 coins
So, as you can see, you have a total of 130 potential coins here. However, how much of those coins you get depends on how you upload the receipts. What do I mean? Remember, you can only earn 100 coins every earning period. Therefore, after you reach 100 coins, every receipt will be worth 5 coins no matter what.
Now do you see why I recommend that you save all of the receipts and upload them at once?
Once you get to your 8th receipt in this example, you’ve already reached the 100 coin cap. Thus, if you upload 9 & 10, you’d only end up getting 10 coins (5 for each), instead of the 30 you’d normally get.
However, if you save them, you can lay out the receipts and upload the big ones first. So, what I would do is upload the oldest, most valuable receipts first.
Here’s what I would do in this situation:
Then, you’d save 8 and 9 for the next week and upload those first, because they are oldest. If you were to upload those receipts in this period, you’d lose out on 10 coins, because as of uploading 6 & 1, you’d reach the 100 coin limit. Once again, the only reason we uploaded receipts 3 & 5 is that they were only worth 5 coins to begin with.
Starting to make sense?
It can be a little confusing and overwhelming at first, but if you take it seriously and follow my advice, you’ll be able to make around $24-30 dollars extra per year!
Pro Tips to Master Receipt Hog
- Upload EVERY receipt – even if it doesn’t earn you coins, you can still upload it to earn slot spins and entries into the monthly drawing.
- Gather receipts during the week, and upload them all at once – this will allow you to get the most value from every receipt so you can cash out sooner.
- Gather the receipts from your family members – Receipt Hog allows you to upload your family members’ receipts: just don’t upload your friends/their families receipts, because your account could get suspended.
- Make sure your receipts are no more than 14 days old.
- Make sure you upload the most valuable and oldest receipts first
- Even if a receipt won’t earn you coins, still snap a picture – it could earn you slot spins. Plus, every receipt earns you an entry into the monthly drawing.
Well, there you have it. The complete guide to earning real money just for uploading pictures of your receipts.
By following the methods within this post, I spend no more than 10 minutes a week uploading these receipts. Even though the payout isn’t great, for the amount of time I actually spend on it, it is well worth it.
Have any experiences to share? Comment below, and make sure you subscribe in the form to the right to receive email notifications when I upload a new blog! Then, be sure to check out my Twitter page! Also, check out my references page here to view all of my favorite apps and services to manage money and build wealth.