Saturday, September 7, 2013

Coupon, coupon, coupon.

The first thing I want to discuss when it comes to changing your lifestyle in order to become debt free would be to learn about couponing.  I wouldn't expect to see you on the next episode of "extreme couponing" but you should be aware of the process.  Normally, about 1/3 of our expenses a month are on groceries/going out to eat/shopping.  In all of these categories, there are almost always coupons that could be found.  I would recommend visiting Southern Savers to get started.  Jenny is amazing at giving not only a step by step for beginners, but also has the coupon policy for all of the stores.  She matches all of the weekly ads with current coupons to help you get the best deals.  I live by this page everytime I am looking for a good deal and this is also what I use to make my grocery list every week.  The key is to make sure you buy what's on sale and stick to your list.  I try to make a menu/meal plan for the week, look through my fridge and pantry to see what I already have(this saves money in itself so you don't buy more than you need).  Also, never go to the grocery store hungry, you are guaranteed to spend at least 10% more. Personally, I (almost) always go on my trips alone.  If you are able, I would definitely encourage it.  It's less stressful, you can actually concentrate on what exactly you have on your list along with the correct coupon matchup, and you don't have extra hands grabbing things that they don't really need.

If you are familiar with my Wake Up Now business, you will know that I am also able to print out free coupons from there also.

When it comes to going out to eat, I almost never go unless I have a good coupon(saves me at least $5). Honestly, I only try to eat at restaurants on special occasions. Think about it.  You go to dinner once a week for a family of 4 is easily $60 after a tip if not more depending on where you go. For me, that's almost my budget for a WHOLE WEEK of groceries.  If I knock that down to only going to dinner every other month, I am saving $420 every 2 months! That's just over $2500/year!!!! $2500 a year to only eat out to dinner once every other month instead of once a week.  That's insane and will pay a couple of bills just by making ONE change in my living habits.

What about fast food? Sure, we eat fast food, at least once every other week for one reason or another(normally I just don't feel like cooking after getting off work at 6 on Fridays). However, I still try not to get something on the way home unless I have a coupon for it. For marketing purposes, stores and restaurants send coupons in hopes that you will purchase more items that you maybe wouldn't have otherwise.  Luckily, I have 2 kids that can share a kids meal and I can normally just eat a kids meal myself and be fine so I'm only really splurging on the hubs.  But, with my coupons, I am able to get more for my money.  For instance, if I have a McDonalds coupon for b1g1 quarter pounder, I can get that, a lg fry, and a kids meal for the girls.  We are all satisfied and I still just saved close to $5 and only spent about $10 for a family of 4(or $2.50/each).  No need to get a drink when I have filtered water and other drink options at home. That saves $1.08 after tax in itself.  Think about it.

Now for shopping coupons. If you shop at Target like I do, then you should be aware of the fact that they have both printable manufacturer and store coupons(use them both together for double the savings!)  Now they also have what is called "cartwheel" deals where you can get an additional 5-20% off of certain items. Just choose what you want from the list and they will email you link with the barcode for the cashier to scan to get your savings.  That's not it! They also have text deals for fresh and frozen food and you can save 5% on everything when you use your Target debit or credit redcard (just be careful with the debit because the charge takes about 3-4 days to come out of your checking account so be sure to put it in your register so you don't forget about it and overdraft!)  Kohls and Belk always have great coupons as well.  We were able to use 2 separate 20% coupons at Belk along with the current sale prices and saved over $150(Spent only $85) on a suit for a wedding that hubs will be in next Spring.

As you can see there are multiple options for using coupons and as you will see, I always recommend that when you save any amount of money(and make extra money) that you use the 1/3 rule. 1/3 goes to savings, 1/3 goes to paying down debt, and 1/3 goes to your checking account to spend at your leisure.  This ensures that you can still enjoy a little extra money.

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