About 2 months ago, I saw a news story about a woman (it turned out to be Susan Samtur) that was showing a reporter how she saved money on her groceries ever week. The short clip zoomed in on her handful of coupons, and for some reason I was immediately intrigued. Actually, I know why I was intrigued. The story was going to show me how to save money! That’s always a topic of interest! Anyway, even though this was a news story, I didn’t expect much from it. I figured she was going to save 30% or something. But, as my wife would often tell you, I was wrong again. There she was, looking at her receipt as her cart was overflowing with bags of groceries. The total? $0.89. I think my eyes were popping out of their sockets.
As you are all probably well aware, my wife and I are buckling down on our personal finances and focusing on getting out of debt. It’s a common goal of ours. What better way to reach this goal than to cut down on grocery expenses? After all, it is the largest expense after the rent/mortgage. I’m not sure that I’m super excited about holding up a line of people while the cashier swipes all my coupons, but if I could save even 50% on my grocery bill, I think I’d be willing to hold up that line for an extra hour!
With a short browse of the web, I was able to find quite a few helpful sites that will guide me in my new desire to save money on groceries. Here are the three top websites I found:
Out of the three, my favorite was http://www.couponmom.com. I suggest opening this site right now and joining for free (as of today, 2.6 million people have already joined!). After you enter your first name and your email address, follow the prompt and download the free copy of Stephan Nelson’s tutorial in order to learn how to best utilize the website. Each day, the website is updated by 10:00AM and you have your deals for the day. With just one click of a button, you can see all of the coupons that are available for the supermarket of your choice, along with the percent you are saving off from each product! It is very simple.
So where do you get these coupons? According to the coupon mom, 80% of all coupons that are used come from the Sunday newspaper. Also, there are downloadable coupons that you can get from the same website!
In the upcoming weeks, I will be going to the local dollar store to pick up the Sunday paper! I will definitely be reporting on the amount that I have saved from our next grocery bill. Hopefully this is another solid step toward becoming debt free.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.