How I Went Broke Saving Money

Don't Stock Up

Just because it's on sale doesn't mean that you need fifteen cans of it. I used to go to the store and load my freezer full of meat just because it was on sale. Then, months later I found that I hadn't used most of it, forgot it was in there, and now it was past the date of usage and I'd wasted money. Likewise, my cabinets got to the point where they were full yet empty. I had twenty packages of pudding, but no egg noodles which I needed. Weekly grocery bills can't go down if this type of buying occurs every week. Once in awhile stocking up is acceptable, but to do it every week doesn't get a person anywhere.

Coupons Aren't There to Save You Money

Shocking isn't it? Advertisers don't put coupons in the flyers to save you money; they do it to lure you towards their products. Coupons that require a customer to purchase four or more of an item fall into the stocking up problem. At times these coupons are useful. I buy juice in multiples of three and four bottles a week, so a coupon for 75 cents off three would do me good. When clipping coupons, plan ahead. If you won't use the advertised amount in the next three weeks, it's not worth your money.

Another issue with coupons is that they lure shoppers to brand name products. If vaporizer fluid is $1 off with coupon but the generic product is $1.50 cheaper every day, what's the point of the coupon? Likewise, coupons often lure people to try new products, thus "hooking" them on a brand name item. While clipping, only clip what you use and always do some comparison shopping when cashing in the coupons.

Sales Can Be Dangerous

Have you ever bought something just because it was on sale? We're all guilty. Sale and clearance items are luring but often dangerous. By walking down a sale aisle one can easily add $50 or more to the bill for the day. Ask yourself this question each time you go near a sale rack, "Would this have caught my eye at regular price?" If you answer yes, buy it and savor the deal. If you answer no, walk away and come back. If it disappears in the meantime, then it wasn't meant to be.

Keep this unchanging rule in mind and avoid going broke by saving money: it's not money saved if it's money spent.

About The Author:
Kelly Ann Butterbaugh is a freelance writer who regularly contributes to a variety of magazines as well as online newsletters. She teaches writing in the public school as well as at the collegiate level. Contact her at Englishteach@rcn.com or visit her website at http://users.rcn.com/wesavedamutt/Writer

Feedback About This Post:

RE: How I Went Broke Saving Money

I have never had much luck either with coupons. I live in a rural area, where double coupon days are rare, and triple has never been heard of. There is also a limit of 50 cents value per coupon, one coupon per item, etc. I am glad that some can buy $200 of groceries with only $60---but that is not feasible for everyone. And I am one of those that has a freezer, the contents of which I am not entirely sure of. Why? Because I have 2 jobs, 3 kids, a husband, and a small farm to look after. I wish I had a home care aide :)

Post by fatboyslimsmom

RE: How I Went Broke Saving Money

Don't forget, when you get to the store and they don't have what they advertised and you have coupons for, to ask for a RAINCHECK or SORRY SLIP, whatever it is called in your part of the country.

Post by PrairieMom

RE: How I Went Broke Saving Money

I have always thought that about coupons. I NEVER buy the junk that you see coupons for. I cook from scratch and buy whole food, not all the processed junk you can buy with a coupon. My grocery has 2 brands of generic and they always beat the coupon savings. I have found the best way for me to save money is to stick to my list. No exceptions.

Peanut butter is not bad for your heart if you buy the right kind, btw.

Post By Trixie B. (Guest Post)

RE: How I Went Broke Saving Money

Personally, I find it very believable that someone would not know every item in one's freezer and that would not qualify a person for home care!!! Coupons can indeed lure us into buying something we don't ordinarily buy and then hook us on that item. Money spent is not money saved; that is very true. I also agree that people can save money with coupons and many comments illustrate how that is done. I was not put off by this post and found it very helpful.

SallyW

Post by swambold

RE: How I Went Broke Saving Money

BTW, I avoid the "generic" brand sting and sting it is. How anyone can think they save money on them is ridiculous. I once bought a box of generic sandwich bags to pack kids lunches. all of the bags were fused together in a mass and there was not a usable bag in the bunch. Our family personally likes Hellman's and finds other brands of mayonnaise inedible. While we appreciate several different ketchups, I have heard from families where the kids like one brand only.

Post By SWozniak (Guest Post)

RE: How I Went Broke Saving Money

I can't understand why Kelly wrote this article which reads like "confessions of a formerly dumb blonde." If she wanted to make a point about stupid shopping decisions, she could have used a different, more effective tone and not turned readers -- at least this reader -- off. Anyone who can not remember what is in her freezer probably needs a home care worker.

When I lived in suburban Boston where chain stores dominate, I shopped at the local chain but largely bought only their sale items. My youngest remained at home while he attended community college and a trade school and always had friends over, so I bought foods the boys could microwave and lots of beverages. I would stock up, using metal garage shelves in the basement for storage of shelf goods and the freezer for the few frozen "lunch"foods I was willing to buy.

Most of those frozen foods are ridiculously expensive and not very tasty. I learned this as a newly divorced mother, attending graduate school. I thought things I could leave for the kids to cook for themselves would help maintain a semblance of order and homey-ness. I was wrong. Used to homemade bread and pies, my kids hated the junk.

However, faced with feeding kids from families that had tossed them out, I was forced to resort to some carefully selected goodies, which I bought during their regular sales cycle and used coupons to reduce their cost per serving.

I did then, as I do now, shop at a farm stand. I do not and never will shop at the big box stores which are neither good for the economy or for personal marketing choice.

As for cleaning supplies, well, if we all stopped using those environmentally harmful, expensive things, everyone would benefit. All cleaning can and should be done with baking soda, vinegar, salt, lemon juice, ammonia and cream of tartar.

Post By SWozniak (Guest Post)

RE: How I Went Broke Saving Money

In the past 2 yrs. I have learned many money saving tricks with coupons. I can stock up on one item, then when another item is on sale, stock up on that. My lady friend told me not to give away the 20 jars and bottles of mustard I got free with coupons as I'm invited to her church picnic and I can bring Mustard! I recently purchased $210 in food for $60 using coupons on a Triple Coupon Sale. And I bought 70 cans of soup. Soup will not go bad. It is a kind I like and have enjoyed a few cans of it already.

I exchange coupons with friend, meeting them weekly to do that. Now, I consider Couponing a Hobby and enjoy it. With the expired coupons I have and get from friends, I send them to the military bases overseas who can use them up to 6 mo. after they expire. That is part of the volunteer work I do for my Retired Military Auxilaries.

Post By Betty G. (Guest Post)

RE: How I Went Broke Saving Money

I have tried MANY times to buy the Sunday news paper, go to the store and compare brand name for generic is always cheaper! Only the time brand name is less if the it on sale and you use coupon.

Post By Laurie R (Guest Post)

RE: How I Went Broke Saving Money

I use coupons mostly for name brand items that we're picky about, like cat food, toilet paper, kitty litter, and toiletries. I try to limit our groceries to generics and find coupons for the few name-brand foods that we do eat. I also won't waste my time on a coupon for less than 0.50 off one item. We mostly save money by eating at home and limiting our entertainment spending -- no shopping sprees, dinner out, or movie tickets for us every weekend, thank you!

Post by sigma28

RE: How I Went Broke Saving Money

When you eat healthfully, you'll find that you hardly use coupons at all. Since when are coupons offered for fresh vegetables or fruits in your produce department, for instance? Things like peanut butter are really bad for your heart, considering the fat and sodium content. Saving money on stuff like that now will cost you major bucks on medical bills in the future. :-(

As far as non-food coupons, if we're frugally making our own household cleaners, etc., there's not much use for coupons on those items, either.

We save by watching the ads in our local newspaper for sales on healthy foods, rather than looking for coupons. Shopping at Wal-Mart as much as possible helps, as well.

Post by WildIrish

RE: How I Went Broke Saving Money

I have to say sometimes it is just not worth the effort to use coupons along with sales to only buy a few things if you have to go out of your way in gas. How do you work this stuff in time wise when you work full time? I will say it is worth it if the store is "on your way" somewhere.
I am the only one who will cook ANYTHING that takes any amount of prep work in my family. So stockpiling gets wasted a lot. I also have very limited kitchen work space and a small freezer. I usually look for the best price on basics on my way home from the local grocery store. It is hard to discipline yourself sometimes to be thrifty only to find out there is not enough time or someone else in your home does things to break that budget.

Post by domestictech

RE: How I Went Broke Saving Money

This is the most sense I have heard in a long time. We have just started shopping this way and it takes getting used to but I think we will be further ahead in a couple of months.

Post by 40sumthin

RE: How I Went Broke Saving Money

I disagree somewhat on this one. Yes, you need to be careful if you stockpile but when you are paying .50 for Mayonnaise that you usually pay 3.00 for why not get 3 instead of 1? If it wasn't for stockpiling I wouldn't be able to afford to stay home with my kids.
I went from paying almost 200.00 to 100.00 because I use coupons and stockpile. I got 10 jars of Peanut butter for free with coupons! Why not stock up! Deb from MA

Post By Deb (Guest Post)

RE: How I Went Broke Saving Money

Honey use your common sense that the Good Lord gave you only buy what you need yes coupons are good sometimes but shopping sometimes at different stores that are near you and using generic when needed if you like however I sometimes buy name brand because it is a good product and the generic will not do like the kraft mac n cheese daughter is autistic likes certain foods leftover kraft mac n cheese is good. Generic is same with philly cream cheese.

Post By Barbara Snyder (Guest Post)

RE: How I Went Broke Saving Money

Wow! I agree with everyone. Couponing can save money, but the original post had valid points. If it isn't done right you end up spending money on items that you don't use up before the expiration date, can be bought more cheaply in a generic brand, or that you don't really need. I love the buy one get one free deals at Winn Dixie, but for our family of two we can't always make use of two large boxes of cereal, for example. However, if it is something we use a lot, I never pass those deals up.

Post By Enter your name. (Guest Post)

RE: How I Went Broke Saving Money

I agree with the author that a lot of time coupons are a waste of money. I have done a bit in sales work and so has my husband. I learned from him about the bait and switch routine. So I tend to shy way away from coupons even when it comes to my hobby. As far as grocery shopping is concerned, Costco, WinCo and Trader Joe's are my choice. So when I shop, I don't need coupons but I do keep my eyes on the prices and many a time have found that generic is a better price than name brand. Also, sticking to my grocery list unless I know I've forgotten something that I really and truly need. Another thing I have found with coupons is that there is no more left, then I get bummed out and tend to overspend to make up for missing out on the sale. Even with a menu plan, what do you do if one item is all sold out at one store when you have already gone to your other stores...creativity is an edge.

Post By Enter your name. (Guest Post)

RE: How I Went Broke Saving Money

I havent gone broke saving money but I use coupons a lot one time I saved over 8.00 using coupons and these were on products I use all the time. I agree with the lady that said when the company offer 50 cent or even 1.00 off two of a name brand when the cheaper brand is less when buying one item most of the time when the coupon says so much off two I dont bother but cutting coupons and then shop does take time but when i can save say over 5.00 its worth the trouble to me I will try a new item if I have a coupon for it some times its worth trying some thing new thanks for all of your money saving tips. Any one have gas saving tips its either that or pray to go down thanks again I love this web site

Post by miraclelady50

RE: How I Went Broke Saving Money

When one enters a store one is implicitly entering a contract with that store. The contract is this: the store offers merchandise for your needs and/or convenience; you pay money so the store makes a profit and therefore can continue doing business. Why would anyone feel distrustful or cheated because the store is offering this contract?

Post by mygaley

RE: How I Went Broke Saving Money

I use few coupons and I do stockpile. I spend less than $40 per week on groceries; we eat at home almost all the time, and eat extremely well. We feed our one dog and two cats with name brand foods. The most notable thing I do is shop smart. I am familiar with the foods we like and eat. I garden, can and freeze. I stockpile not what is on sale, but what is on sale that we use. I rotate my stockpile, keeping track of what is in the cupboards and freezer. I buy off brands that are generally cheaper, except for loss leader sales-- especially when I have coupons. I know where stores keep marked downs. Often when I am busy, I'm lucky to shop for groceries one time a month, and it makes no difference in our eating habits. I go to food warehouses to see what bargains I can find just for fun and keep my pricebook close.

Yes, you must have room to properly stockpile, but there are months when I spend less than $50 for food. And the following months I still never go over budget. Buying just because something is on sale or you have coupons is setting yourself up for failure. Discipline saves me money--not going to the store every week saves me more.

A good part of savings has to do with other things, like: where you live, what stores you have near you, do the stores have great sales, what foods you routinely eat, do you cook from scratch, are you a disciplined consumer, do you use a pricebook, do you keep track of food staples at home, do you rotate your stockpile, do you have a great recipe repertoire...

Post by susanmajp

RE: How I Went Broke Saving Money

Rebekah...do you shop at Fred Meyer ;) That is the only store that I have ever been able to do all that you posted! I would save 30-40 dollars in groceries alone, not to mention their AWESOME clearance prices! I would get two copies of their monthly coupon book, and use them for each pay day, and combine any coupons needed from other sources to "double" the savings. And of course the buy one get one free. If you get in when people are at work, you can always get the deal! And avoid weekend shopping.....that can lead to busting your budget in too many ways!

Post by camo_angels

RE: How I Went Broke Saving Money

I agree with Rebekah in that some people can save money in these tactics. In fact, shortly after writing this article I read another article that was completely the opposite of mine, and I found it interesting that we had unknowingly said almost the exact opposite of one another. I came to the conclusion that there are two types of people--those who use coupons, sales, and other offers to their advantage wisely and those who "fall for" the store's gimmicks and fail to save money.

If you can get the most out of those "buy 5 get one free" coupons, by all means do it!

Happy shopping and saving!
Kelly

Post By Kelly Butterbaugh (Guest Post)

RE: How I Went Broke Saving Money

Recently, at my local grocery store, they had their brand of frozen vegetables on "sale" for 77 cents a bag. When I went there, of course, they had very little left to choose from and this was the very first day of the "sale". Seems to me that whenever the sale price is very good, they never have enough of the product. The very next week they had the very same vegetables on "sale" again, this time for 1.00 a bag! I don't trust grocery stores at all, they are not there to save us money, they are there to make a profit off of our money. You have to watch them every minute, especially those scanners that are constantly ringing up things for the wrong price. I also feel very strongly about coupons, I am offended by a manufacturer of a product that will issue a coupon for 25 cents off, if you buy TWO. That is the most ridiculous waste of my time and money. If they are going to offer real coupons for real savings, of say, 50 cents or more, then that is worth my time and money!

Post by Persnickety Paula

RE: How I Went Broke Saving Money

While some good points are made here .. I find that almost the exact opposite works for my family! Couponing, done correctly, will save a bundle! Combining a coupon with a sale price and a special promotion is wonderful! For example, last week my local "mega-mart" had a promotion sponsered by a large food manufactor where you buy so much of their products and you get a coupon at checkout for $10 off your next shopping order. Well .. these were all products that were on sale, I had coupons for and my family uses .. if this weren't the case it wouldn't have been worth it. I paid $9 for $24 worth of salad dressing and bbq sauce .. and then got a coupon for $10 off my next purchase at that store .. it's like they paid ME for their product!!! I have no problem stocking up on deals like this when they come along AND its for products that I would buy anyway .. I think you have to know the prices and sale prices of items you buy routinely, so when a deal like this comes along you know its a good one!

I do stockpile many of the "nonpersiable" items we use everyday, each week as I shop. But I know the "sale cycle" of products .. for example I know at my local store the boxed potatoes that my husband loves goes on sale every 6-8 weeks, depending on the time of year .. so I buy enough to last those 6-8 weeks, using coupons when I can to save more.

I do have to disagree with the poster about clearance items as well .. I often get products for free or very close to it using coupons combined with clearance items, especially on health and beauty items, but again these are products that I use anyway or I donate to charity, so they won't be going to waste .. coupons usually don't state that they can't be used on clearance items. I also "stock up" on gift type items when I see them on clearance for over 60-75% of their orginal price .. Most of my holiday gifts are bought months before the holiday itself .. the danger here is forgetting you have them! Most of the smaller gifts for Christmas for my kids .. as the holiday nears my husband and I will sit and go through what we have and add to it with the "big" gift.

Whew .. thanks for reading all of that .. sorry I went on and on .. I just want people to know that couponing, stockpiling and shopping clearances does work and does save money .. it may not be the same as putting the money in your pocket, but if you go about it the right way, it will put food in your pantry for less!

I've only been couponing for the 2 years since my oldest was born and we became a one income family. In that short time I've slashed our grocery bill from between $75 and $100 a week to around $45 .. It does take me about an hour each week to make my grocery lists and collect my coupons but it's worth it!

Good luck to us all!
Rebekah

Post by Madelynnsmama

Disclaimer: ThriftyFun.com cannot accept any responsibility for any injury or damage that you may cause to yourself, others, or property when following any advice given on this site. Read the full disclaimer: http://www.thriftyfun.comdisclaimer.ldml If you find any information on ThriftyFun.com or in our newsletters that is either erroneous and/or potentially harmful to others, please Contact Us, immediately.