Saving Money – The Coupon Challenge

This weekend I went shopping with coupons. If you’ve seen some of the videos on the site you know that using coupon is a great way to cut your grocery bill. If you haven’t seen the videos, I encourage you to take a peek. There are many people who have asked me how they can save money, especially in this tight economy.

The price of food has risen so it’s even more important to find ways to spend less. Using coupons has been around for a long time, but when food was cheaper it didn’t seem to matter that much.

Now with the rise in prices most middle and lower class Americans are using them. Even people who use food stamps can and are using them. It’s a way to make the dollars stretch. Coupons are the new forms of money. Coupons are money.

What most people don’t realize is that the grocery stores still get the same amount of money they charge for food. The manufacturers pay the stores for the coupons they collect. So they aren’t losing anything which means you don’t have to feel guilty.

So how can coupons cut your grocery bill down to almost nothing? It doesn’t seem possible but it is plausible to cut 50-75% off your grocery bill. It requires using a combination of techniques including pre-planning, stockpiling, and shopping the sales.

One of the key ways to get the most out of using coupons is to wait. Why wait? Because at the time the coupon comes out the product is usually cost the regular or elevated price. When you wait to closer to the expiration date the product is likely to go on sale. This is the trick to saving a large amount of money on food whenever you shop.

I’ve taken up the coupon challenge, I’ve explained the basics, and now I encourage you to take up the challenge as well to see how much you can save too!