5 reasons I don't clip coupons
I'm not a health nut, but the last thing I need is another excuse to buy a frozen pizza and Pop-Tarts.
This post comes from Kentin Waits at partner blog Wise Bread.
People love coupons. According to Nielsen Clearing House, an industry leader in coupon marketing and redemption, 78% of consumers report using coupons on a regular basis.
I'm not one of these people. Though clipping coupons is usually the first thing that comes to mind when folks think of frugality and thrift, I argue that it's time to put down the scissors. Here's why. (See also: "Extreme couponing? 5 reasons why I'll pass.")
1. You usually have to buy something to get a coupon
Though some coupons are free or accessible online at no charge, most of them are still found tucked in that old standby, the Sunday newspaper. I don't read the paper, and I don't want to have to buy something in order to be offered the chance to save money. It seems contradictory and is a bit too complicated for my taste.
2. Coupons attempt to modify behavior
Manufacturers want me to save 50 cents on that pint of ice cream for one reason only -- to get me in the habit of eating it. It's simple. And it's a claim that the manufacturers and the coupon industry would be the first to admit. Coupons exist to suggest new products and to habituate shoppers to particular products and brands. Then later, at 3 in the morning when I need that pint of Rocky Road in the very worst way -- poof! No more coupons. No thanks. (Post continues below video.)
3. Coupons encourage overbuying
Often, the money we save with a coupon applies only when buying multiple items. Even though each item may be cheaper in the long run with the coupons, why should I have to buy multiples? What if I don't end up liking that new brand of coffee? What if that brand of cheese has a bad aftertaste? Who should be the lucky recipient of all my surplus java and Colby Jack?
4. The savings vs. time investment is low with coupons
Couponing requires the regular purchase of a newspaper at best. At worst, it requires joining some coupon exchange club and buying a handy organizer. Then I have to clip, file and wait for double-coupon day. And while I'm at it, I should also join my grocery store's loyalty program to boost my savings even more. With this much effort, are the savings really worth it? Wouldn't buying generic save me just as much without all the hassle?
5. Coupons typically push prepackaged, processed foods
I seldom see coupons for apples or broccoli. Maybe they exist, and I've just blinded myself to an entire category of things that require clipping. But it seems to me that coupons generally push convenient, prepackaged and processed food. I'm not a health nut, but the last thing I need is another excuse to buy a frozen pizza and Pop-Tarts.
Perhaps I've overstated my case, and I certainly don't mean to disparage diehard couponers out there. It's just that I can't quite see what all the fuss is about. Don't get me wrong; I'm all for saving money. I'm just not sure that couponing achieves that goal in the long run. Looking for sales on things I'd buy anyway, stocking up when I find a smoking deal on something I really love, gravitating toward generics and store brands whenever possible -- these are my tried-and-true tactics.
Still, Nielsen Clearing House says I'm firmly in the minority of shoppers with my coupon-free wallet. Heck, 1.75 billion coupons were redeemed in the first six months of 2011 alone. That's a whole lot of clipping, and I must be missing something. If you're serious about couponing, please fill me in -- I'm free most Sundays.
More from Wise Bread and MSN Money:
Coupon clipping is only part of the deal. If you buy a product you don't need, you may find a rebate on it where you actually make money or get a free gift. I use refund world magazine and save a lot of money. In addition I get to try many products with satisfaction guarantees, by not only using coupons, but getting my full purchase price back as well. In fact, there is a deal on a P&G shampoo where you get twice your money if you don't like it on refund world's site.
I just enjoy getting free gifts and great deals.
I cannot believe the lack of education this writer is showing in his article. I'm shocked and appalled that this is being written and published in a section on saving money!
I have been using coupons off and on my entire life. As an educated wife and mother of 5, I found our grocery budget had gotten out of hand, and decided to get serious about saving my family money on groceries. Over the past 5 years I have cut my grocery budget in half, and we eat better now than ever before. I no longer buy processed foods or junk foods, either, and I still manage to save an average of 50% on my grocery bill.
I am not an "extreme couponer" but I do stockpile when a great sale comes along with which I can combine a coupon. Those times can save me up to 90% or even more, depending on the situation. When something isn't on sale, I can usually "shop" right from my pantry until the next time that item is on sale. To see this writer claim that using coupons means buying ice cream and frozen pizza is misleading at best. Yes, one can buy ice cream and frozen pizza using coupons. However, milk, meat, eggs, cheese, bread, produce, toiletries, and cleaning products can all be purchased by combining coupons with sales. I have saved almost $650.00 so far this year by using coupons combined with sales on my groceries alone. I have spent less than twice that on groceries for my family of 5. (I have three kids living at home now.) It takes me an hour or so each week to gather my coupons and make my shopping list, but it is worth it to me so that we have more money in our budget to spend on fun things rather than food.
There are so many negative comments on both couponing and the author of the article. This is the authors opinion on couponing. She sites reasons why she does not think couponing will work for her.
The great thing about opinions are that they are just that, what someone thinks based on their own perception. If she does not think couponing is worth it or takes up too much time for her, that's ok. There are other people who enjoy couponing as a hobby that saves them money. That's ok, too.
I think the problem is when extremes come into play. Everyone has seen extremes in hoarding, eating, exercising, collecting, tv watching, etc. It's extreme! There is a problem when people do things to extreme to the detriment of other things in their lives or when they are "missing out" on important aspects of their lives.
I coupon but not in an extreme. I like the game of getting my grocery bill down to the lowest point without sacrificing much time or the health of my family. Case in point, I found coupons for FREE Gaterade. My kids love it especially when they are playing sports. Well, their dentist said not to buy it anymore because it causes cavities. I discontinued buying it because no matter what the deal is, if it is not good for my kids, I should not be buying it.
I spend about 1 hour per week while I watch a favority tv show, planning my shopping trip. I only cut about 1% of the coupons in the Sunday newspaper. Only the ones that I think I may want to use at sometime. I don't think that is alot of time, for me, to spend to save an average of $20-$40 per week. I also shop at two stores, one is a fruit market with unbelievable deals ($10/week on all the fresh fruits and veggies for my entire family) and a store that typically has the lowest prices on most food items.
Not a big deal. Not extreme. I have members of my family who will not clip coupons, will not shop sales and spend over $200/week on groceries. Their families are not healthier than mine and I spend $40-$60/week on groceries. Am I right and they wrong? No, it's right for me at this time and for them, what they are doing is right for them at this time.
Bottom line, people should not be so negative when someone else has a diferring opinion.
I love coupons! I got into couponing after watching Extreme Couponing when I had a lot of free time during my commute to and from work. I buy multiple copies of the local paper on fridays for $.50 each and clip coupons while I'm watching tv. I only clip coupons for the items I'm going to buy anyway, and I easily make up the cost of the papers with the coupons. And yes, I do stock up on items, but I also have a plan for it when I'm buying it. I bought as many of the Belvita Breakfast Biscuits as I could for $.24 each (normally $2.99) they're delicious, pretty good for me, and I share them with my brothers in college. The money I saved on breakfast can easily go towards fruits and vegetables. My couponing is also responsible for keeping 5 college boys (my brothers and some of their friends) in soap and deodorant.
I know that not everybody will enjoy couponing as much as I do, and frankly, their loss is my gain. there will be less competition for coupons and products.
I would appreciate it if people could change their perception of couponers. My (very young) cousin thinks that couponing is only for poor fat people. Other people look at me like I'm crazy. Its a hobby, we don't look down on gardeners, scrapbookers, or people who play video games so don't look down on couponers. This article was written by someone who knows what he likes and does not want to change so he found reasons not to, we've all done that. Preaching those reasons to others as fact is incredibly rude and ignorant. All he's done is give the people who already look down on couponers more reasons to do the same.
I guess if you don't know the ins and outs of couponing it wouldn't seems worth it to you, but I've been at it for several years now and have enough of a stockpile that I sit back and wait to buy only when I can get it for free or make money on it when I buy it. With very few exceptions, I pay nothing but tax for most household products and health and beauty items and average savings of 70- 80% on my grocery purchases over what the average shopper pays. I don't buy products I don't use unless it is free and I know someone that I can give it to. You're right produce coupons are not common, though they are out there, but I save enough on everything else to make a car payment, so it's worth it to me.
If your time is more valuable to you than your money, then couponing would be a waste of time for you. Personally, I'm willing to set aside a few hours a week to get most of my necessites for free. Would have been nice if the author had bothered to find out how people who coupon successfully manage to do it.
Just keep your eyes open and you will find worthwhile coupons. Whether you use them for good
stuff is up to you. Coupons have definitely saved me money!
I have given this "couponing" a great deal of thought because it would benefit the poor or the needy families. Aside from regular tithing at my home church, this would be a great way to give back to the community. I believe most couponers do just that! They give the excess away to the homeless shelters. I am gain for this hobby for that reason only!!
I get FREE ads only newspaper every Sunday & my neighbors & friends give me theirs. So I don't pay a dime for papers.
No coupons for Apples & broccoli? I just got one from Krogers for $5 off $15 in produce. I also get them for the meat department as well.
Overbuying? why not get 2 items (that you always buy anyway) for $1.50 each rather than $2 ea. buying them separately?
Modify my buying behavior? Couponers are "non-brand specific"... I buy generic if the brand WITH a coupon still costs more. I may get "hooked" on a new product but I won't buy until I see a sale AND a coupon.
When I see our paper on my lawn - I see $100 bills. Couponing is not for everyone. It does take work. BUT... IF Walmart said "Free bodywash for everyone".... you would be there in a minute. But "free body wash" & you have to clip a coupon takes up your time.... I don't get it. BUT I hope many think like you cuz then there will be more free stuff for me!
WOW! Why would you ignore money that companies want to give you? I used to think like you, I would find a coupon but the store brand was cheaper even with the coupon. I learned that I was doing it wrong. Use the coupon when the product is on sale and get enough to last a while. If you chose not the spend your free time making money and instead spending it that's your choice.
I swear I read this article a couple months ago or at least one just like it, is this a repost?
If you don't want to spend your time clipping coupons then that's your choice, but i was a cashier and I've seen the occasional shopper with seventy something coupons and save hundreds! Time consuming? perhaps but effective at lowering your bill.
People need to learn self-control, you really shouldn't live beyond your means and just causes credit card debt, whatever happened to the noion of working, saving up your money and THEN buying it!
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
Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.
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'