February 25, 2011

Coupon 101: How To Save Money With Coupons



It is my recommendation that prior to using the new coupons you clip from the Sunday insert or print from various couponing databases you first develop a plan for a higher degree of savings. Couponing is an elaborate strategy that you must devote a great deal of time and patience to, many couponers do not understand that with a pre-plan true to a strategy basic coupons can be used to purchase items for pennies on the dollar. Too many clip coupons on Sunday night and use them Monday morning without any type of developed plan. While coupons have an expiration date, new coupons will keep until a plan is made; yielding high dollar savings.

1. Limit Your Stores – As a frugalist you do not need to purchase items from twenty-five different stores in your city to use the coupons you currently have. In fact, at the end of the month this will reduce your savings due to the fact that you must calculate your gas as well as wear and tear on your automobile; the more stores you go to the larger the risk and deduction, with gas prices on the rise it is likely you are spending more than you save by having no preplan. I recommend that you choose a single grocer and a single pharmacy to deal at with an additional discount retailer. When you condense these stores you are also choosing the stores that will yield the largest savings in the consumer perks offered; perks may include reward cards and double coupons. Ensure that before you use your coupons you are shopping with the store that will give the biggest bang for your buck. To some this may alter week-to-week but still be condensed to the bare minimum of local stores. Personally, I believe savings is much more important than store loyalty. However, I am loyal to my grocer due to the high degree of perks that cannot be beat. Research to find out which stores you need to hit, typically three to four should be your maximum weekly amount.

2. Chart Sale Prices – We all use hundreds of items in our household, I recommend that you write down the thirty most used items in your home; with the minimum twenty. Personally, I have a different list of items that vary by the stores I shop locally with so to cover an extended household area. You will want to chart how these item prices change each time you go to the specific store, each item will have several various prices between the sales price and the items regular price; regular price also may increase. You will want to do this for two to four weeks so that you have a good list with dates provided so you can easily see when the item you need will be at the lowest offered amount. Each item also has a rock bottom price that is less than the sales price, this is the price you will want to target, not just its sales price. Never buy an item, even with a coupon/coupon stack when the price is its regular store price, even through coupon use you will still be likely to spend far too much. These lists are important to keep and add additional used and stockpiled items to as you will want to know this information for each purchased item in your home. The greater information you collect the more savings you will acquire. Each item will hit a rock bottom price tag in intervals of 4 to 12 weeks, you will need to purchase with coupons and buy enough to stockpile until the next sale; knowing how your household consumes. Do this by dating two opened items and charting how fast the item was depleted, three may work better depending on the item.

3. Price Match Where You Can – You are looking for your largest retail and store perks, price match is similar to acceptance of competitor coupon acceptance. More stores price match then accept another stores store coupons. When you price match you must bring the current flyer with you from the store with the lowest price and you must buy the exact item that is on sale. Pay close attention to type, brand, and size. When you price match it is to your benefit that the items listed in the insert are items that may have a possible coupon to be rendered, always price match and when you do try to always have an additional coupon if not two. Wal-Mart stores will price match at the register normally will an assistant while stores like Target will provide the price match difference at the desk after your transaction; either way you are still saving money and getting cash back. Other coupon types will allow pennies on the dollar with your pricing skills; these will need practice but are worth it.

4. Stack Coupons – When you stack coupons you use a store coupon for a certain value with a manufacturer coupon of a certain value; both values will be deducted for the total off the item. I encourage all coupons stacking that you can possibly do, however you will need to perfect your skills. If you are new at coupons you will need to research as much as you can about stacking properly and for the lowest amount. I typically get items for absolutely free each time I stack and you can as well. Today I was able to find a store coupon for $5 off my canine food and I had a manufacturing coupon for $10 off the food; both coupons were for a 7lb bag or larger. The total for my pet food $13.99, so I received this free and I stocked up too. When you get deals this great you always must stock up if you can justify, the only time you shouldn’t have to justify is when the items are free.



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