High unemployment and even a higher inflation are asking out to cut household expenses and increase savings. You can reduce the use of luxury items and services, but what about your necessities? According to a recent survey, an average Indian family spends around INR 2000 every month on grocery, cleaning products, toiletries and another INR 2000 on monthly food items, and INR 1500 on entertainment. You can cut your entertainment costs, but not your basic utility bills, which occur every month, without any fail. However, you can make a healthy and wise living without increasing your utility bills, through Couponing!
You can save almost 70% to 90% on monthly expenses allowing you to pay off debts, live on the income, and save more. With the right information, proper skill, and adequate planning, you master the art of extreme couponing.
How does Couponing work?
Coupons are available online, in newspapers, and magazines and even as distributed as flyers. Retailers use it as the very first wave of their product promotion in order to boost sales and to increase foot falls in their physical and online store. Once desired sales are bumped up, they bring up the product at sales price. They then offer the product at discounted price at regular intervals. Companies or retailers prefer this option as it gives a solid boost to their product sales. Also, if customers like a product, then they will surely return to buy the same product again and again and from the same retailer.
Online coupons have reduced the time needed to hunt, check, and organize the various coupons. But even if these tasks are simplified, it is still essential to make optimum use of online coupons. It is because if you fail to use them properly, then you will end up experiencing lots of trouble and instead of decreasing your expenditure; this might be a big loss to you. If you wish to save more money with online coupons, then you need to use them wisely.
So, now you know why it works, let’s talk about becoming an extreme couponer and how it can help you save money almost equivalent to your monthly expenditure.
How to Become an Extreme Couponer
You can become an extreme couponer by targeting the best deals at the correct time. Look for various lucrative deals and use them effectively. Also, don’t just use one deal at a time; rather try to combine two or more deals in order to avail huge discount on selected items. The other important aspect of an extreme couponer is to shop for favorite items in bulk so that you have enough of it before this product goes on sale again.
Also, an extreme couponer makes good use of all available coupons, the store coupons, store sales, and manufacturer’s coupons. They plan ultimate savings setup by shopping for items with one or a combination of coupons.
Now that you know the advantage of becoming an extreme couponer let’s have a glance at the core aspects of such a couponer. This way, you will be able to learn the skills needed to become an extreme couponer.
What are The Core Attributes of an Extreme Couponer
An extreme couponer focuses on three core elements – Purpose, Planning, and Patience. So, if you want to become an extreme couponer and save lots of money, then read on to know all important details about these three P’s.
1. Purpose – Extreme couponing can save you money only if you plan it with a purpose. There is no point in saving money if you are going to waste it otherwise. You can save more money if you are doing it for a reason. Your purpose must be a motivator to learn ideal ways to get best out of the available deals. You can develop an emergency fund, pay your debts with the saved money, save for an expensive but necessary purchase, or plan a trip with your family. If you are clear with a purpose, then you can focus and even save more money in a very short time period.
2. Planning – Another important attribute of an extreme couponer is proper planning. Don’t just focus on getting deals, but being a proactive shopper. If you are not able to find things for present use, then you may buy items that you would need in the future. You can shop for upcoming birthday events, toys at discounted prices for your kids. Once you plan and shop, then you would be able to save a lot of money and also would be available with the items ready. This will also save you from last minute crisis of finding the perfect expensive gift at discounted price.
One area about which every family is concerned about is – Grocery Shopping. With efficient planning and good research, you can shop for groceries online at discounted prices and save money. So, keep a close eye on related sites and do your weekly shopping at discounted rates.
3. Patience – Most of the times, a product is not on sale when you need it. Sometimes, you even don’t have the stock of an item, which is going to end in few days. Such situations will occur from time to time, and you need to be prepared to address them. If you are confused between using a coupon for an item of no use or let it expire, then the best idea is to let the coupon expire. There is no point spending on an item, which you might never use.
So, when you are doing extreme couponing, don’t exceed it. Rather, be patient and shop for items that are available at best deals. It is not essential to grab every deal that comes to you. Be intelligent and select deals that will only bring you the good. Otherwise, you would end up with stock pile of items that are of no use to you.
Ways to Save More Money with Couponing
You will need lots of coupons in order to maximize your savings. But just acquiring coupons is not enough, you also have to use them wisely. So, here are some ways that you may adopt to become an extreme couponer and save more money.
1. Grab on the Grocery Coupons – If you create your family budget regularly, then you would notice that a major portion of the income is spent on grocery. So, if you find online grocery coupons, then this can provide you with quality groceries at discounted prices, which will reduce your expenses drastically. Grofers, BigBasket, Amazon, Naturesbasket offer regular discounts on grocery.