Wealthy Wednesdays: Crazy for Coupons

So technically it isn’t Wednesday, but we couldn’t pass up the chance to put up a new post. Also, today marks the first day of November, which happens to be Financial Literacy Month – a perfect day to start our Wealthy Wednesdays series!

If you’re a fan of TLC, you may have come across a little show called “Extreme Couponing”, where savvy shoppers do anything from clipping for hours to dumpster diving for coupons to save as much money as possible on their grocery bill.

Now, we’re not encouraging you to start digging through your neighbour’s garbage can to score a few deals. Here are few easy tips that will help you save some money next time you’re at the store:

1. Know the rules
On the TLC show, you often see shoppers using multiple coupons on a single product. However, because there is less competition between grocery stores in Canada, most stores have policies that prevent you from using more than one coupon per item. Do a little research about your store and always read the fine print on your coupons to avoid disappointment at the till.

2. Search the web
You can find some great coupons without having to touch a single flyer. There are some great websites out there dedicated to Canadian deal hunters, such as websaver.ca and save.ca. Just do a quick Google search and start saving!

3. Stay organized
If you plan on clipping on a regular basis, it might be a good idea to start a “coupon binder” or compact filing system.  This will make shopping a little easier and will also probably result in a happier cashier at the till.

4. Have fun
Going through a bunch of flyers for coupons can be a little tedious so why not make a party out of it? Get the whole family involved or even have a coupon trading party to get rid of multiples. Who said saving money has to be boring?

5. Buy only what you need
This last rule is probably one of the most important – buy only what you need and what you think you’ll be able to use before the item expires. There is no point of buying something if it will end up in the trash can. Also, just because that bag of chips is a really good price, it doesn’t mean you should buy it! Make healthy choices!

Happy couponing!

Photo from http://getyourcoupons.wordpress.com/

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