Getting The Most Out Of Couponing

couponsHave you seen the television show, “Extreme Couponing”?  The television reality show profiles individuals that dedicate an enormous amount of time and effort towards couponing.   While these individuals go far and beyond the average consumers when it comes to finding the best deals on a variety of products, they prove a very valuable point.

With the proper strategy, coupons are great tools that will give you the opportunity to save money each time that you go shopping.  At the end of the month or year, you will be amazed at how much money stays in your pocket.

In order to get the most of the coupons that are available on the internet and in print, a solid game plan is needed.  Here are a few hints to get you started.

Start small

With the great amount of coupons that are available for different products, it can be very easy to become overwhelmed with various clippings that can get misplaced.   It is recommended that you start with a small collection of coupons.    To do so, you may want to focus on a few products that you wish to save money on or keep and use coupons from one store.   In future months, you can expand your collection based on your needs.   It is important to note that if you are couponing for food items, it is very difficult to find coupons for fresh fruits and vegetables.   The majority of coupons for food items are processed foods such as breakfast cereal, cookies and canned fruit and vegetables.

Identify the best sources

From weekly flyers delivered to your home to the internet, the volume of coupons that are available is amazing.   Depending on your needs, it is best to become familiar with the different sources of coupons.   If you are seeking coupons to save on laundry detergent, routinely obtain a flyer from your local grocery or drugstore.   Alternatively, if you are looking for coupons for books, be sure to visit websites such as Amazon or Chapters where they offer electronic coupons on a frequent basis.   To access more coupons for an array of products, please visit the MonnaieMoney blog where a list of couponing sites is posted.  Two of the advantages of using the internet for couponing are the ability to save the clippings electronically and some websites will provide you with a tally of what you saved in terms of money when you purchase the items.

Keeping track of the coupons

If you do not use the internet for couponing then the most challenging part of the activity is keeping track of the clipping.   Even if you are dealing with a small amount of coupons at first, managing the coupons can be maddening for some individuals.  To best overcome this problem, obtain plastic file folders (you can buy them at a dollar store) to place the coupons in.   In addition, be sure to keep track of the date of expiration of the coupons.   Some retail stores are very strict when it comes to expired coupons depending on the product that is promoted.

Create a trading group

Couponing is an activity that can be easily turned into a monthly social event with family and friends.   Many extreme couponers often set aside one night per month to meet with other likeminded consumers to swap extra clippings and to hunt for upcoming deals during the week.  By creating a trading group, you can have access to other coupons from flyers or other printed sources thanks to individuals in your circle of friends.   If you are couponing via the internet, you can easily create your group from your friends on Facebook and benefit from the countless amount of applications on the social network.

No longer are coupons associated with being cheap or frugal.   Coupons allow individuals to be smart consumers and have the ability to use savings for other financial matters on a monthly or yearly basis.

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About The Monnaie Money Project:

For the past four years the Carrefour jeunesse-emploi de Côte-des-Neiges and the Jamaican Canadian Community Women’s League of Montreal Inc. have been very active in promoting financial literacy to the wider community in the city of Montreal. This experience has been extremely valuable as we are in constant contact with youth and seniors from the various cultural communities. They have expressed to us what their needs are in terms of financial literacy programming.

Follow Monnaie Money on Twitter @MonnaieMoney

One thought on “Getting The Most Out Of Couponing

  1. Pingback: Money Saving Tips For The Fall | MonnaieMoney – Financial Literacy Project

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