Do you know why you are couponing? Do you have a purpose or a reason for doing it? Ours is to become debt free, and to never…ever pay full price for anything. Also, I think it would be lovely to have a years worth of everything sometime in the near future. Wouldn’t that be cool? Anyways, this is a lesson from my good friend, Savvy Susan. She and I taught a Coupon Basics class together last year. We had a blast! Maybe I could convince her to do it with me again…Maybe…
UNDERSTANDING STORE SALES AND THE POWER OF STOCKPILINGby Savvy Susan
The first thing you need to know on your road to becoming a coupon expert is that stores have ‘sale cycles’. Every week, your local pharmacy or grocery store has a certain amount of items that it offers at a discounted price. This is just one of the many promotional tools used by manufacturers to get consumers to buy their products.
Most of the times, you will find these sale items advertised in a weekly sales circular/Ad.
SAVE YOURSELF TIME WITH THIS TIP: the best deals on your weekly ad is usually posted on the front and the back page of the ad. I like to scan the whole ad (usually on Saturday evening or Sunday afternoon) to make sure I don’t miss ANY good sales.
These things that are on sale are usually referred to as ‘loss leaders’. These are the rock-bottom offers that bring shoppers to the store. This is the first place you should look for bargains when scanning your weekly ad. And if there are any coupons available for these items, then you will really get big savings.
Your goal is to focus on buying groceries ONLY when they are at the rock bottom price. Luckily for us, these ‘loss leader’ sales come around in ‘sale cycles’ that is generally every 6 to 8 weeks.
When you find this opportunity to save big, by combining a great sale with a coupon, you want to maximize those savings by buying enough items (at this rock bottom price) to last you until the next time the item goes on sale.
By stockpiling food, at their rock bottom price, you are in effect saving your family money by NEVER having to pay full price for those items you regularly need.
First we have Linda, she uses coupons and stockpiles her finds to feed her family. Linda’s family uses ONE BOX of cereal per week. She sees that cereal is on sale at her grocery store for $1.88 each. This is a sale that comes around every 6 weeks at her store.
WITH COUPONS AND A SALE LINDA GETS:
6 Boxes of Cereal @ $1.88 each = $11.28
Less (6) $0.55/1 MQ = $3.30
$11.28 – $3.30 = $7.98 to feed her family cereal for 6 weeks!
On the other hand, we have Clueless Debbie, who doesn’t use coupons. Debbie, also needs one box of cereal to feed her family each week. She sees cereal is on sale this week for $1.88, so she buys one box.
Next week, when she comes back to buy more groceries, she buys one box at $3.69.
So, to feed her family, Debbie spends:
$1.88+ $3.69 +3.69 +3.69+3.69+3.69 = $20.33
So Linda pays $7.98 and Debbie spends $20.33 to feed their family the same thing! So, Debbie paid $12.35 more than Linda for the same items!
This example shows you how Linda fed her family for 62% less than Debbie!
This is how YOU, too, can effectively combine sales, coupons and stockpiling to get extreme savings.