The 1-month coupon strategy
If you delay using them, you can achieve bigger savings.
This post comes from Trent Hamm at partner blog The Simple Dollar.
Many people don't bother to clip coupons, mostly because they believe that a 50-cent coupon isn't worth the effort. On the surface, I agree. Without a clever coupon strategy, it's probably not worth the effort.
two months ago, I was talking about this with a friend who works for
Hy-Vee, a grocery store chain here in Iowa. He gave me a tip: Take the
coupon section out of the Sunday paper and put it aside for four weeks.
Then open it up and clip everything that's even remotely of interest,
whether you'd normally buy it or not.
- Bing: Find grocery coupons
Take the coupons to the
store and look at the shelves. Magically, most of the coupons will sync
up with stuff that's on sale. When you combine the sale price and the
coupon, you'll usually be able to get items for next to nothing.
tried this myself. I saved the fliers from a month ago, cut them up and
took them to the store. What did I find? About 40% of the coupons I cut
out matched up with items on sale. I wound up getting salad dressing
for less than a dollar, a package of diapers at the cheapest price I've
ever bought them for, and a container of good vanilla ice cream for 19
cents. And those are just the ones I remember.
Why does this work?
Coupons in the newspaper are usually the first wave of a product push
by large companies. They'll put out coupons to start bumping up sales,
then move to sale prices later in the promotion. They hope that coupon
users who buy the product like it, return to the store, notice the item
on sale and buy it again.
Now that I know this, I've made a big adjustment in my grocery-shopping strategy.
before, I make a shopping list each week. I write down staples that are
getting low, along with ingredients needed for meals I'm thinking about
making. I use a notepad on the refrigerator, along with Remember the Milk.
I go, I get out a month-old coupon flier and clip everything that
matches something on my list. I'll also clip anything I know we can
always use -- like diapers -- along with anything that's potentially a
reasonable purchase. I head out to the store and use the coupons
Whenever you see a sale item that you also have a
coupon for, you can often get a pretty good item for just pennies -- or
at least far cheaper than the normal price and usually cheaper than the
This technique saved me about $20 during my
last grocery store visit -- compared with normal retail prices -- for
about 30 minutes of extra effort at the breakfast table, cutting
coupons and putting together the grocery list. That's a worthwhile
Other articles of interest at The Simple Dollar:
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
A new survey by MoneyRates.com gives a glimpse into what a little financial education can do.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'