93 percent of millionaires use coupons whenever they do their shopping.
Why would someone who has so much money utilize tools that help them save only a couple of dollars? Well, the thing is, for you to attain millionaire status, you must have a good grasp on saving tactics. Couponing is all about cost saving.
While you may not stand to save a colossal amount using coupons during one sale, using them regularly can make a difference in your wallet. Nonetheless, for you to get the most out of your coupon deals, you need to be tactful.
Looking to have some extra change after your shopping trip? Consider utilizing the following coupon tips.
- Go Beyond Google
Searching on Google for coupon codes will only get you generic codes, which do not have the best discounts. Instead, go for coupon deal sites such as iUseCoupon.
This site works directly with retailers and, therefore, provides access to exclusive coupons that will not always show up in a Google search. It will also help you discover new places to shop that you might not have thought about before.
- Have a Plan and Stick to It
Plan what you are going to use the coupons for before you go to the store. Once there, buy those exact items and get out. Staying in there for too long will make you susceptible to marketing ploys, that could see you spending more money.
- Know Your Price Points
There are items that you almost always purchase during every shopping trip. Determining their price points will allow you to use your coupons effectively so that you can bring their costs down.
The Average Price
To ensure you get the best deals anytime you go out shopping, it is necessary that you understand the typical price points for the items that you buy regularly. This allows you to know when a sale is really a deal.
The Maximum Price
This is the most that you can pay for an item. Buy such items only when it is absolutely necessary.
The Deal Price
Refers to the price you want to pay for an item when it is on sale, and you have a coupon. If the sale and coupon meet your qualifications for the deal price, ensure that you purchase enough to last you till the next sale.
The Rock Bottom Price
If the sale and your coupon result in the lowest price you have ever seen for an item, get as many of those items as you can.
After determining these price points, be on the lookout for opportunities where your coupons will give you the most value. Combining sales and coupons is one such tactic. Therefore, mark your calendar for sales dates.
- Utilize the Overage
Whenever coupons exceed the sale price of an item, it results in an overage. However, most stores will not give you cash back for that overage. But they can apply it towards other items on your cart.
As such, ensure that you utilize that overage on as many items as possible.
- Present the Coupons in a Particular Order
You stand to make more savings by handing your coupons to the cashier in a certain order. For example, if you have a store coupon for $5 off of a $20 purchase, use it first.
Failure to do that might see to your other coupons negating the $5 coupon by discounting the total amount of sale to less than $20.
As such, always use the minimum coupon first before getting to the others.
- Know Your Store’s Policies
Your local store may have specific guidelines regarding sales and coupons. Knowing these policies will allow you to know whether you stand to make savings in that store. Some of the policies you should inquire about include:
- Price Matching
This refers to a store adjusting their prices to match sales being offered by other local stores in the area.
- Competitor Coupons
Some stores do accept coupons from their competitors. However, they might not be clear about who those competitors are. So, be sure to ask.
- Rain Checks
These may be issued in limited quantities for some items. Typically, they are issued for non-sale items.
Knowing the store’s stand on the above issues will help you make better choices with your coupons. Nonetheless, the store might not always advertise them. Thus, it is always wise to ask.
- Shop at More Than One Store
Doing this allows you to take advantage of all the deals scattered across the stores in your area.
This especially works well if there are a lot of pharmacies and grocery stores in your location. If this is not the case, go to the nearest ones so you can save on gas.
- Be Aware of Expiration Dates
A store has the right to expire coupon codes earlier than expected, and without having to give much of a notice.
This can be as a result of increased demand and a limited supply of products. As such, it is wise to quickly act on an offer that you are interested in because it might not be there the next day.
- Stack Codes
Some retailers give you the chance to use more than one coupon code on the same offer. For example, use a 25 percent off coupon along with a free shipping code. Or you can use a promotional code with a sale or clearance item to maximize savings.
- Do Not Pay For Codes
The internet is full of scammers who are aware that you are looking for coupons so you can save on your shopping. If a website asks you to pay for a code, it is most likely a scam. A coupon is designed to help you save money, not use it.
- Do Not Miss the Promo Box
Ensure that the discount is applied to your total before you go ahead with the purchase. This is because a discount will never appear after you have made the purchase.
- Timing is Everything
The best online deals are typically offered three times a month; during the beginning, in the middle, and towards the end.
As such, most online stores post fresh coupons during these times. Be sure to check for them.
Getting the Most Out of Coupon Tips
There are numerous benefits to using online coupons and promo codes, and they all align to help you save as much money as possible.
In addition to shopping online, be sure to check whether your local stores accept online coupons so that you can print them out and use them there.
Utilizing coupon tips and tricks should help you save a lot more than the regular shopper. Be sure to look into other ingenious ways you can use to save money while you are online.