Coupon Experiment

iVillage Member
Registered: 02-17-2005
Coupon Experiment
5
Sun, 11-29-2009 - 5:21pm

I have been curious for a long time now about how much money I was saving by using coupons. I knew it was a lot, but I've never really kept track. So I got this idea that I would start a blog (mainly for myself) that would help me keep track of how much money I save throughout the year. My official total will not begin until the beginning of the year but I am using December as a practice month to get myself in the habit. I am going to put the equivalent of my coupon savings in a jar and will use it for Christmas (or whatever) at the end of the year. Or at least, that is my goal.

http://piggybankexperiment.blogspot.com/

I am posting my purchases that I make that include coupons, their breakdown, etc. I use RR and Extra Care bucks when I have them but the only thing I am totaling as part of my savings is actual manufacturer and store coupons. On the left hand side you can see how much my piggy bank has in him from my coupon savings :oD




Edited 12/1/2009 9:56 am ET by imsupermommy
~Liz
iVillage Member
Registered: 02-17-2005
Mon, 11-30-2009 - 10:29am

you should check out moneysavingmom.com . It is the website I started following when I first started couponing. I'm not brand loyal, so I still will buy the store brand (at least for most things) if it is cheaper than the name brand, but I've found a lot of times I can get name brand for less than store brand if I use a coupon.

For example..the kids toothbrushes I got yesterday? In my last transactions, where all I used were the store and manufacturer coupons, I paid $5.41. But I got a $5 register reward (can be used like cash on a future purchase) that I am 100% positive I will use. So my out of pocket expense for 4 toothbrushes was $.41. Even if I would have bought the cheapest store brand I could find I could not have bought 4 of them for less than that. The cheapest I have ever gotten toothebrushes without a coupon were 3 for $1.00 at Deals!




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~Liz
iVillage Member
Registered: 06-28-2005
Mon, 11-30-2009 - 10:13am
I do not use coupons because I normally buy store brand products.
iVillage Member
Registered: 08-22-2009
Sun, 11-29-2009 - 7:21pm

There is also the case where you save money by using the coupon but not the total face value of the coupon.

For instance store brand item cost $.89, name brand item cost $1.00. You use a $.50 coupon and get the name brand item for $.50. If without the coupon you would have bought the store brand item and not the name brand item than you actual savings is only $.39 (the difference between the $.89 store brand item and the $.50 price paid) and not $.50.

iVillage Member
Registered: 02-17-2005
Sun, 11-29-2009 - 6:46pm
Yep, I do know what you mean. The only time I will buy something I normally wouldn't buy is if I can essentially get it for free and I will definitely use it. I have seen people take advantage of certain items (like those glucose monitors) because they are "free" after rebate or whatever...I guess they resell them at yard sales (I saw that over the summer) or maybe donate them, but if I don't personally have a use for it or already have a specific place to give it to, I won't buy it (i.e. I will get a few extra personal care items, for example, and donate them to a women's shelter when my MOMS Club does their donation drive, etc). But I won't buy stuff just to buy it. And I do try not to have an outrageous amount of items...like toothpaste...you can get that stuff free almost every week but who needs 200 tubes of it in their bathroom??



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~Liz
iVillage Member
Registered: 01-24-2007
Sun, 11-29-2009 - 6:30pm
Make sure you dont count items you wouldnt have bought otherwise.