Have you ever wondered if clipping coupons could pay off? Recently a colleague in my office volunteered to share her experience with me on using coupons. The busy manager, wife, and mother said she didn’t have a lot of time to organize her shopping but wondered if she could make a dent in her monthly budget then get
debt help, and even explore if she
could negotiate her own debt settlement just by using the coupons that came in her weekly newspaper.
Sally was inspired to try couponing after watching an episode of the TLC hit show ‘Extreme Couponing.’ “The people on that show are clearly extreme,” explained Sally. “Most of the people on the show make it a priority and are obsessed with saving and couponing.”
I told Sally that I would follow her story to see if she could be successful on a smaller scale. Sally resolved to set her first goal – dedicating time to consider her monthly grocery expenditures. She also knew that she buys a lot of the same things week after week.
“When I took a good look at my usual routine, I noticed a pattern in my buying,” said Sally. “I saw that most of what I purchased each week included necessities like diapers, paper towels, milk, and cereal. This inspired me to set my next goal which was to clip coupons that pertained to necessities I already buy and use often. Sally, who is expecting another baby, also had a goal of creating a “mini-stock pile” for her family; she said this would help reduce her “emergency” runs to the grocery store.”
Setting Couponing Goals
To start she made sure she paid attention to the newspaper circulars. She also considered in-store promotions, such as Buy-One-Get-One specials, and combined them with coupons when possible. “It has made a difference in my budget so far,” said Sally, a self-professed coupon novice. “With 10-15 minutes a day and a bit of planning, before I shopped, I saved a little over $100 my first month.
Budgeting Tips
Budgeting is key to successful couponing. Here are some tips to maximize savings:
- Use a budgeting app to track expenses. This will help identify spending habits and areas to cut back.
- Set a realistic grocery budget based on your household's needs. Factor in savings from coupons and stick to your allotment.
- Look for ways to reduce non-essential costs like dining out. Redirect those funds to pay off debt faster.
- Automate bill payments and savings to reduce the temptation to overspend.
Saving Strategies
“I was a little nervous that I would end up spending more than usual, which I did on some weeks, but I can already see how it will benefit me in the long run when I’m busy with a new baby. It’s a debt relief when my husband tells me we are out of something, and I can tell him to go to the basement “stockpile” to get more, instead of one of us jumping in the car.”
Sally revealed that other goals, such as planning meals ahead of time and focusing on the necessary ingredients, help her refrain from clipping coupons on things she may not need just for savings' sake.
Meal Planning Strategies
Planning affordable meals ahead of time can make couponing easier:
- Review circulars and construct a monthly meal plan around what's on sale and what coupons are available.
- Cook larger batches and freeze portions to reduce trips needed to the grocery store.
- Incorporate more meatless meals into your meal plan to save money. Meat is often a high-cost item.
Online Couponing Strategies
The Internet opens up new couponing opportunities:
- Install browser extensions to automatically apply coupons at checkout.
- Check sites like RetailMeNot before purchasing anything online.
- Follow brands on social media for giveaways and coupon codes.
- Sign up for newsletters and create brand site accounts for exclusive coupon offers.
“Taking a small step to consider what I buy has changed the way I think about my finances,” she remarked. “I’ve also become more organized. Having a plan helps me feel more confident about my buying decisions and my budget.”
Looking Ahead
Sally's next goal is to see if she can save even more for debt help by utilizing online coupons or by obtaining specific coupons for specialty products, such as organic foods.
FAQs
Conclusion
Couponing can seem daunting, but as Sally discovered, it does not require extreme dedication to start saving. With consistent effort, beginner couponers can easily save $50 or more per month. Setting realistic goals, staying organized, planning ahead, and utilizing all available coupon sources sets you up for success.
Remember to stick to your grocery budget and shop intentionally even with coupons in hand. Implementing even a few of these couponing best practices will put extra money back in your wallet. With the extra savings, you can pay down debt, grow your emergency fund, or purchase family necessities. Give couponing a try - with a little time and focus, you'll be on your way to savings.
If you are struggling with overwhelming debt and want to explore your debt relief options, Pacific Debt Relief offers a
free consultation to assess your financial situation. Our debt specialists can provide objective guidance relevant information and support to help find the right debt relief solution.
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