I just read this great article: Doing the Math on Coupons on the Wall Street Journal. Wow, I’m amazed at how couponing is hitting the media like it is. I wrote about how the bad American economy was spurring the resurgence of coupon usage in the article: Coupon Usage is Up in Bad Economy. I’ve discovered the power of coupons and since I’ve learned the smart way of using coupons, I’ve seen proof that those little coupons are a mighty high finance tool that save me a ton of money each year. In good economic times or bad economic times, it seems to me, couponing is just a smart, financially responsible way to treat your budget and money.
The article brings out some really great talking points:
Clipping coupons hardly sounds like the subject of high finance–or even medium finance.
Save a dollar on cat food, some detergent or a couple of boxes of cereal. Who can be bothered? Who has the time?
A growing number of people, it turns out. And they’re shrewder than it may at first appear.
The Great American Coupon is making a big comeback–thanks to the Great American Recession.
We redeemed some 3.3 billion coupons last year–a remarkable 27 percent leap from 2008, and the first year-on-year increase in 17 years, according to a report issued at the end of January by Inmar, a coupon-processing agent. (Online coupon use skyrocketed–companies issued twice as many as in 2008, but redemptions rose 360 percent.) The big upturn took off in October 2008, just after Lehman went belly up.
It is remarkable that coupon usage has taken a remarkable 27% leap from 2008! Even more amazing to me is the fact that when you actually break down the math of using coupons, it proves to be a high finance strategy that makes the time of collecting, cutting and sorting coupons a high paying job!
If motivation is an issue, the next time you find yourself facing a stack of coupon booklets and flyers don’t ask yourself if you can be bothered. Try asking yourself if you’d like to earn more than $100 an hour for a job you can do, at home, while sitting on the sofa watching TV.
You can read the complete article, Doing the Math on Coupons here.
If your new to couponing and would like to learn how to drastically cut your grocery bill and turn your pennies in to a powerful pantry full of grocery and household supplies, I’ve just released 70+ page ebook on my jounery into strategic coupon shopping and pantry building and how you can do the same exact thing I have done: Drastically reduce your grocery bill by 50% or more and bring home boat loads of food and supplies for pennies on the dollar! Check out it out here —