The folks at Valpak and Savings.com have joined forces to promote National Coupon Month with their “10,000 Reasons To Save” campaign. And one of the most important messages they want to get across is this: In less than one hour a week you can cut your grocery bill in half.
If you've seen those extreme couponers on TV then you've probably heard them talk about how much time they spend clipping, sorting, organizing and shopping. You're probably also wondering if it's really worth it. Well, it's National Coupon Month so there's no better time to take a look at the math.
Clipping does seem to take an inordinate amount of time in the beginning. But, like anything else, once you learn what you're doing and develop a system it's easy, especially once you start racking up some real savings on your grocery receipts. That's when most couponers get hooked.
Read more at "7 tips to save money before you even start clipping coupons"
Those people on the extreme couponing shows spend 30 or more hours a week searching for coupons, clipping, sorting and organizing, and then matching them up with their local ads to find the best deals. And don't forget the time it takes to do all that shopping, haul it all home, and stow it away in their stockpiles.
All things considered they spend 40 or more hours a week on couponing. However, they also save hundreds of dollars per week that they can spend on other things – like vacations, college educations, and toys.
Considering that the national minimum wage is $7.25 per hour, if these extreme couponers spend 40 hours a week at the task and save even $300 a week then they're better off staying at home clipping coupons. And most of them save triple or quadruple that – every single week.
But suppose you don't have 40 extra hours every week to devote to couponing. Want if you don't want a massive stockpile of toilet paper and toothpaste in your basement? What if you just want to reduce your current grocery bill, not start your own grocery store in your garage?
According to the folks at Savings.com and Valpak, the average consumer can save up to $10,000 annually by investing less than an hour a week in coupons. There's a big difference between hoarding – like those extreme couponers on TV – and buying in bulk to meet your family's needs. You have to work 40 hours a week if you want to fill your house to the brim, but if you're just shopping for your average family it's easy to cut your bill in half when you use coupons.
Again, let's do the math. If you could make $10,000 in just 52 hours, wouldn't you jump at the chance?
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- National Coupon Month: Where will you store all those bargains?
- Using coupons to buy in bulk: How to know when to stop