Personal Finance Tips

If you would like to save money in an easy way, you may want to consider becoming an extreme couponer. There are numerous places to collect these coupons from, and many dollars to be saved by using coupons on a regular basis. Here are some tips to help you become an extreme couponer.

You need to pay attention to the fine print that is displayed on each coupon. When you reach the checkout with a pile of coupons and little idea of what you are doing, this can be stressful for both you and the cashier. Start using coupons by becoming familiar with them and staying organized. Make sure that you know what the coupons offer you, what products they are for, if they can be used for multiple purchases, or if they are only good for so many products on a specific date.

You should never have to pay for coupons. The idea of using coupons is to save money not to have to spend more. Go through your community paper and flyers in search of coupons, ask your neighbor for their unwanted newspapers, or even check in the recycle bins to find unused coupons. You can check for online coupon sources by doing a free coupon search, or by going to websites such as CouponSherpa. Many of these sites will allow you to access coupons for thousands of different merchants. They will provide coupon codes and printable coupons for the savvy consumer.

Before you go shopping, prepare a shopping list to take with you. Make a plan as to what products you will be buying, and what types of coupons you will be using. You can use a coupon binder which is expandable to help you sort and organize your coupons by date to use by, expiration date, or category. A small couponizer is a great way to carry your coupons with you on a very specific shopping outing.

Choose to shop at locations that will allow you to make the best use of your coupons, as well as your time. Locations that allow for coupon stacking and combinations with in-store offers will help you to save the most money. Call the store before you go to check into these policies. It is far better to call ahead of time than to go to the store and find yourself embarrassed in the checkout line as you ask questions about the coupons.

Use club membership awards to your advantage. They are often free and can save you money through their rewards points, cash back programs, double point collection for certain expenditure amounts, and other savings perks such as member coupons.

Remember to only use the coupons for items that you actually need, that are not perishable, or perhaps to donate. You don’t want to end up spending extra money for items that you don’t need, or for things that will expire or go bad. You will learn to become a great extreme couponer with practice and organization, and by planning a little before you head to the store.

 

Do you know someone that’s a “yes” person? Someone that’s always saying yes to other people until they are completely exhausted? Most likely, if you’re reading this, that person is you. On the other hand have you ever known someone that’s a “no” person and everyone around them is afraid to ask for anything. In life it’s probably best to have a happy medium in this area and give what you can (when you can) and say no before you hit your breaking point. Saying yes to someone feels good and saying no feels bad. This behavior is wired deep into our brains and we hate telling anyone no. But what about personal finances? Well, we’ve been trained as consumers to say yes to everything. Would you like a mortgage? Yes, please. Student debt? Don’t mind if I do. New car? Absolutely. Consumer debt? Oh yeah. Shinny new iGizmo? Heck yes! Popular culture hates people that say no to all these financial traps. People that say no are labeled misers, penny pinchers, tightwads, and usually considered crazy to some degree. When everyone is drinking the kool-aid it’s easy to make fun of people that don’t have a goofy kool-aid mustache. But we know better. Being laughed at by people with dysfunctional brain wiring doesn’t seem so bad, especially in the long run.

Saying no takes courage and vision. Living in a house you can afford and driving a car that’s paid for isn’t glamorous. But either is feeding a fat little monkey on your back until your 70 and putting off retirement indefinitely (that fat little monkey is interest by the way).

Saying no means you’re in control. Instead of living paycheck to paycheck you control your money instead of your money controlling you.

Saying no means you stand out as a target for ridicule and as an inspiration to others. The more radical your actions the more people get nervous. They like the idea of them having everything equal as everyone else and acting differently means you’ve changed the rules and they can’t judge you easily, which makes them feel threatened.

Saying no means you get to spend your retirement doing things you love and doing it when you’re still young.

So dash that kool-aid to the floor and say no to senseless spending and mindless consumption.