What would you do if you had extra money? Would you take a trip somewhere far away. Would you go on a wild shopping spree? Would you buy yourself something you wanted for a long, long time? Well, I can not tell you what to do if you have extra money, that is up to you. What I can tell you is how to get some extra money.
You can save money by using coupons at the grocery store. It is not difficult. You just need to know the basic differences between coupons, and a few other basic strategies, to start saving lots of money now. There are three major types of coupons.
The first type of coupon you need to know about is the store coupon. Store coupons are issued by grocery stores.
These coupons can usually be found in the newspaper on Mondays and Tuesdays. These store coupons were taken from The Racine Journal, Monday, June 24.
(Hold up) Page 1 of your handout shows some examples of typical store coupons.
In some areas, store coupons are mailed directly to your home. Home mailers look like this. You will usually receive these mailers every week, on Monday.
Store coupons are store specific. You can use store coupons only at the store that issues them. For example, if you have a Kohl's Food Emporium coupon you cannot use that coupon at Pick and Save. Usually somewhere near the bottom of the coupon, the store will print something to the effect, good only at Kohl's Food Emporium.
The second kind of coupon you need to know about is the manufacturer's coupon. Manufacturer's coupons are issued by the manufacturer for savings on a specific product.
There are some typical examples of manufacturer's coupons shown on page 2 of your handout.
You will find these coupons in your Sunday newspaper mixed together with the sale fliers. There are two or sometimes three booklets of manufacturer coupons in your Sunday newspaper. The booklets look like this. I took these from The Racine Journal Times, on Sunday, June 23, 1996.
You can use manufacturer's coupons at any store that accepts coupons. They are not specific to any one store. Almost all grocery stores, drug stores, and convenience stores do accept manufacturer's coupons. Discount stores usually will not accept coupons.
Some stores double manufacturer's coupons. For example, Kohl's Food Emporium doubles coupons up to 50 cents. This means the store will pay you one dollar for each 50 cent coupon. Very few stores double, but the ones that do can save you a lot of money.
You can only use one manufacturer's coupon for each product you buy; however, you can use a manufacturer's coupon and a store coupon together on the same item. This can net you double savings.
The last kind of coupon you need to know about is the free coupon. Free coupons are very hard to find. They are very rarely found in the newspaper. Free coupons are usually obtained directly from the manufacturer. There are three examples of free coupons on page 3 of your handout. Free coupons are used to get items totally free. You do not have to buy any other product to get the item free. The only limitation you will find on a free coupon is the amount for which they are worth. There is usually a price limit printed on the coupon. For example, the coupon for Nutrasweet Spoonful in your handout reads, free- not to exceed $3.50. Most of the time, the set price limit more than covers the price of the item.
Well, you now have enough basic coupon knowledge to save some money, but you are not ready to start saving yet. There are some basic hints that will help you save even more money. They include good organization and stockpiling.
You must be organized. Successful organization starts long before you get to the store. You should cut and sort your coupons. If you organize your coupons well, you will have an easier time finding what you need. Sometimes it is hard to find time to sort coupons. I usually manage to do it while watching TV or while talking on the phone. We are all short on time; but in the long run, organization will save time. I organize my coupons like this. (Hold up) Each pocket of this file holds a different category of coupon.
Another important aspect of good organization involves making a list before you go shopping. Always adhere to your list. Impulse buying will cost you money. There is a sample shopping list on page 4 of your handout. Notice, I sometimes include the size of the product. This is because I had a coupon for that size product. This way I do not have to shuffle through the coupons to figure out what size product I need to buy.
One last thing to remember is if you have the space, stockpile items. If there is a really good deal on a non-perishable product, I buy as much as I can. By doing this I never run out of anything, and I almost never have to buy an item at full price. If you have freezer space, stockpile meat. Many times meat is cheaper if you buy it in quantity from a meat market, however if necessary, you can also catch many cuts of meat on sale at the grocery store.
Now you know everything you need to know to save money with coupons. I have included an example of my last shopping trip in your handout. If you look on page 5 of your handout you will see a copy of my grocery receipt. As you can see, The price before coupons was $85.01. The price after coupons was $37.02. That shows a total savings of $47.99. That is 56% savings on the total grocery bill. Wouldn't you like to save that on your groceries. You basically now know how to do it.
If you look at page 6 of your handout, you will see a chart that illustrates exactly how I saved this amount of money.
This chart will take you through the entire shopping trip, showing you what coupons I used to save so much money. If you are interested, and take time to look this over later, this chart will show you examples of how to use all of the coupons I talked about today.
In conclusion I want to remind you there are three types of coupons: store coupons, manufacturer's coupons, and free coupons. Remember manufacturer's coupons can be used together with store coupons to get you bigger savings. Also remember to be organized; it really helps. One last thing to remember is to stockpile what you can and be organized when you shop. Saving money be so easy; you can laugh all the way to the bank. Thank you for listening.