Hello, overcomers. I want to talk to you about one of the most crucial elements of winning financially. It’s not about budgeting and it’s not about debt payoff. It’s about shopping! Yes, shopping! I want to show you how to save money while doing that thing that you love to do…shopping!
These tips will help you save money on all of your purchases from this point on.
MAKE YOURSELF A PROMISE
I want you to think about something. You work very hard for your money. You work many hours, often 40 plus hours a week to bring in the amount that you do. The last thing you want to do is go around paying full price for products that are already marked up a considerable amount before they even hit the store shelves. We need to stop paying so much for the products that we use.
Stores are already marking products up at an average rate ranging from 10.5 to 13 percent. That’s just the average. Some products receive an even higher markup than that.
Don’t misunderstand me. I’m all for businesses making a profit. That’s how they can afford to pay their workers and create jobs. However, when they are getting a markup profit on EVERY SINGLE ITEM in your cart, it adds up in a hurry!
HAVE SOME FUN WITH THIS
For my wife and I, this is actually the “fun” part of our financial planning. She’s actually the pro in our household when it comes to couponing, bargain hunting, and rebate offers. She has several sources that she uses to get the absolute best deal possible!
I will be reviewing all of these sources in the weeks ahead. So make sure you subscribe to my email list so you will be the first to know when these reviews are published!
I’ve mentioned before that this past Christmas I actually thought one of the stores was going to pay HER money to take the product off the shelf. It was amazing to watch her work. We needed to make Christmas happen and we have a lot of nieces and nephews that we need to buy for. Not to mention the fact that we had our own little one to buy for this year, as well.
Let’s be honest. Budgets are boring, maximizing your income is time-consuming and all about focusing on what you’re bringing in, and strategizing is at best, an acquired taste. For most of us, none of these things are very fun. But when you start getting into couponing and finding ways to get products that you use every day for pennies on the dollar or even for FREE, it can give you a HUGE rush!
So what are the best ways to save money on your everyday purchases?
One of the easiest things that you can do when you get started doing this is to look for sales. Stores ALWAYS have sales. The key is knowing what they are, when they are, and exactly what it is that you’re looking for when tracking them down.
Sometimes you will need to go to another store rather than your favorite just to get the best price for a specific product. Or, sometimes you can even bring the ad in from the competing store and see if they will price match. (Most of the time, they will!)
Most stores have an app that will show you what’s on sale each and every week making your grocery planning, back-to-school shopping, holiday gift shopping, or anything else that you would be spending money on, a whole lot easier.
Hint: Plan your upcoming menu based on what’s on sale!
Most stores these days have some sort of loyalty program. It’s very beneficial to be a part of these. I used to be against loyalty programs because they do track what you purchase and the conspiracy theorist side of me did not like that aspect.
However, when I finally let my guard down and I figured out exactly HOW MUCH money that I could save on each one of my shopping trips, it quickly helped me to start changing my mind. So then it became about trying to find the best programs out there.
Loyalty programs generally reward you for being “loyal” and shopping more exclusively at their store. One of my personal favorites is mPerks. mPerks is Meijer’s loyalty rewards program. They reward you by dollar amount spent. So, when you spend a certain amount in a specified category, you will receive a coupon that you can use towards your next total purchase. Plus they have tons of digital coupons as well!
There are some fantastic loyalty programs out there. Find the ones that match the stores within your community and get signed up! You’ll be amazed at how much you start saving.
Next, we have coupons. You can get coupons from many different sources.
- Your local newspaper
- The weekly flyer
- Coupon specific websites
- Manufacturer websites
I’ve even read testimonies from people who have received stacks of coupons just by simply writing the company and telling them how much they enjoyed their product! Give it a try. It’s certainly worth a shot!
The best part about using coupons is the fact that a lot of the time, they can stack on top of your loyalty program perks. Not to mention the already reduced sale price!
Finally, you have rebate programs. Some stores will tell you about them when you check out…particularly electronics stores when they are trying to sell you the extended warranty. They will tell you that if you save your receipt you can actually mail the receipt in and receive some cash back in the mail.
At first, I wasn’t a big fan of these programs. But that’s because I would rather have the savings come right out of the gate. However, there are ways to use these to your advantage.
The best part about these rebate programs is that it has nothing to do with the sale price, the coupons or loyalty perks being used. It’s simply an additional way to get some extra cash back…straight from the manufacturer. There are also some great apps out there that can help you do this.
If you do any of these things individually, it will generate mediocre results. While you may be a little excited with the results, you are not taking advantage of the full potential offered.
The key is stacking as many as you can get away with. Most of the time, my wife and I are able to incorporate at least 3 of these, if not all 4 on a single item. It’s on sale, it has a coupon, it has a rebate, AND it has or contributes to some sort of perk/reward. We have saved “thousands” over the years by doing this. Last year alone, through ONE loyalty program, we saved over $1700.00 in one year’s time!
Hopefully, you enjoyed these simple tips to help you realize the potential savings that are available to you if you simply know where to look. As I said above, I will be reviewing several great apps and resources to help you find the most savings available. Make sure you subscribe to my weekly email newsletter so that you are always the first to know about the latest reviews, articles, tips and strategies to help you win financially!
What have you found to save money while shopping? I’d love to read your success stories in the comment section below!