Are coupons really worth the time and effort? For me this is easy, yes. I save an average of 65% each month on my grocery bill without sacrificing quality or brands that we like. I do this by cutting coupons, collecting the papers, and reading the ads. I was really excited to see an article in the Wall Street Journal about the cost effectiveness of coupon cutting. The author writes:
How long does it actually take to clip and use a coupon? Certainly the more you use, the less overall time you will spend per coupon, because so many of the costs getting flyers, sorting coupons and so on are generalized. Let’s assume you spend a minute per coupon. Saving $1.44 for a minute’s effort is the equivalent of saving $14.40 for 10 minutes’. Hourly rate: $86.40.
Little did I know that I would make so much as a smart shopper. This article is a real eye opener. Trust me when I tell you that we are saving money and I’m having fun doing it. I spend about an hour a week finding the best deals, cutting coupons, and spreading the word. Take the time to read this article. I think you’ll find an extra hour to start saving! (Thanks, Common Sense of Money)