Free Money What would you say if I told you there is a way you can save as much or more than 14,000 in ten years? You wouldn’t have to invest any money out of pocket. Your only investment would be 15 to twenty minutes a week. How many of you could use extra money to pay bills? Are there any purchases you’ve put off because you can’t afford it? Coupon clipping is not a secret to anyone. So why do so many people pass up the opportunity to save money? I don’t believe many people are aware of the purchasing and saving power it holds.
Coupons save you money. Let me explain further.
Coupon clipping has allowed me to purchase things I wouldn’t have been able to purchase otherwise. I bought my sons a Kawasaki dirt bike that cost $5000. I have bought appliances for my kitchen, Christmas presents, and various other items throughout my life. If you look at the dates on these receipts you will see that I have been saving money by clipping coupons for years.
The coupon savings on these 4 receipts is $79. 77. Here is an example of $5 worth of coupons. The next two sheets equal $20 in coupons. As you can see just a few coupons add up to big savings.
You can receive even greater savings by combining items already on sale with coupons. Here is an example of breakfast cereal on sale 6 or $10. That is $1. 67 per box. When you have a coupon for .
00 off 3 boxes, the cereal is $1. 50 per box and if you have two coupons for $1. 00 of your cereal would be $1. 33 per box. Here are some examples of retail store coupons. At the very least, even if you only chose to clip the occasional coupon, you would save $20 to $100 a year. This would buy a few pairs of scrubs for Amy, a few pairs of flip flops for Lynette, a deer tag or two for Mike and some trash bags for Becky.
If you clip coupons weekly and use them every time you go to the grocery store, you save anywhere from a thousand to five thousand a year. How can you afford not to clip coupons? Coupons save you money that can be used for real needs. If you clipped the occasional coupon and saved only $5 a week on your grocery bill, that would amount to $260 a year. The financial possibilities are even greater if you decided to invest that savings. If , for example, you invested in a one year CD or certificate of deposit, starting in year four, you would have $1040 as an initial investment.
Here is a spreadsheet I created showing what you would earn within 10 years at the current CD rate of 5. 15%. You will also see on this spreadsheet your savings if you saved $20 a week on your grocery bill. This would give you an initial investment of $1040 starting with year one. You would be adding 1040 each year in savings plus your interest each year. I found the current CD rates at bankrate. com. There are many investment opportunities that could increase your coupon savings if you chose to invest. This what can be done if you are serious about saving money by clipping coupons. Here are a couple of pages posted on forums. amily. com. You can see exactly how much they saved on their grocery bills per month and year. It is broken down in great detail. Here is a spreadsheet showing how much could be earned if these savings were invested in a CD or other investment. We are talking enough money for JR & Sheila to buy a new car. So where do you find coupons? Two great sources are your newspaper and online. I clip coupons out of the Belleville News Democrat. My favorite is coupon bar. com. Here you will find various sources for coupons, and you can download it to your tool bar, so the latest coupons are only a click away.
The book free Money Free Stuff includes coupon clipping as one of its strategies for obtaining free and low cost items. It also has other good information for saving money. Coupons can also be found online and in newspapers for entertainment, dining out, merchandise specific catalogs and stores. You can use a coupon organizer if you want or just put them in your wallet like I do. We all eat out, buy groceries, buy clothing, go to movies and other entertainment, so why not do these things for less. Would you throw money out the window? That’s what you do every time you miss an opportunity to use coupons.
You are offering to pay more money for something than what you have to pay if you use coupons. Let’s review the value of clipping coupons. Coupons can save you money that can help you pay bills, make a purchase, save for your college education, save for your children’s college education or start a retirement fund. There is no out of pocket expense in order to reap these benefits, just a very small portion of your time. Let’s look at the flip side of the coin. If you don’t clip coupons, you won’t have extra money to help with expenses and purchases. You may have to take out a loan for purchases and expenses and incur interest expense as well.
If you were diligent in your quest to save, you could be $75,000 richer in ten years. When you buy a lottery ticket your odds are 1 in several million that you will win. With coupons there are no odds, just solid savings. Coupons are free money for the taking. Take the time to clip coupons out of the newspaper or get them online. It only takes a few minutes of your time and saves you money that you can use for whatever however you choose. Capital One asks What’s in your wallet. I can tell you what won’t be in your wallet, if you don’t take advantage of coupons, money.