Along with weight loss, financial savings top the list of new year resolutions each year.
Well, the best place to kick start your saving journey is right at home.
With coupons, you can easily save up to 50% of the money spent on grocery and other household items.
That’s irrespective of what you are buying for your home. You only need to know how to use the coupons right.
Sounds too good to be true?
Here are 5 tips to help you get going.
Start collecting coupons
Collecting coupons is easier than it sounds. Your Sunday Newspaper is your first source for coupons. Family and friends can chip in with their unused coupons. Stores will have coupon booklets on sale. There are coupon websites that send you coupons on email which can be printed. Look for every opportunity to find coupons. The more coupons you have at your disposal, more the amount of money you save.
Be alert about ‘Sales’
At some point of time or the other, every single item in a store will be put up for sale at a discounted price. Why do you need to pay full for it when you can get it for much lesser? For this, you need to be updated about the sale cycle in your nearest grocery stores or retail outlets. Some states have 8 week sales cycles whereas others have 12 week cycles. Keep a watch out for sales. Sign up for newsletter alerts. Read advertisements. If you find an upcoming sale, that’s when you do most of your grocery shopping. If you can catch sales cycles in time, you won’t even need coupons.
Buy the items you use the most
So, considering that there’s a sales cycle every 12 weeks or so, you need to ensure that you stock the items you need the most, at the lowest possible price. For example, let’s say you have kids at home and cereals are a breakfast staple. Stock up on your favorite cereal brand for the next 12 weeks if you can get it at 50% off (Which happens to be the standard sale price for cereals).
Don’t go overboard and stock it for the next six months, even though you might be tempted to do it. The item will be on sale again in 12 weeks. Remember?
Time for the coupons
The best time to use your coupon is during a sale. That way, you are maximizing your profit on a great deal. Most retail stores allow you to use one coupon per item. Even if you are stocking up on five boxes of cereal, you can save $5 or more, depending on the coupon value. So, if the box of cereals were priced at $4 originally, you can get it for as less as $1 after the 50% sale price and the coupon applied.
Don’t go haywire with it
One of the rookie mistakes that newbies make while shopping with coupons is to try and secure every tempting deal that they come across. That will only overwhelm or drain you out. Instead, try and narrow down on one favorite store for each household item. One store for groceries, one for medications, one for clothing and so on. Now get acquainted with their sale cycles and you should be good to go.
Most people never even use the coupons they receive. The smart ones do. What’s stopping you?