Saving 101 – what’s your wage?

July 29, 2013 by
Filed under: Shopping 

saving-101Some people think it’s too hard to save money.  They go to the store for what they want and pay full price.  They don’t see the point of shopping sales and using coupons.  They say it takes too much time.  Here is one example of how taking time is broken down into a wage.

Several years ago a friend (we’ll call her Sam to protect her identity) was wondering how to get started on saving money at the store and creating a stockpile. Sam has three growing boys who figuratively eat her out of house and home. Luckily for her we have a mutual friend who knows how to save big bucks at the grocery store by using coupons matched with sales.

This mutual friend called me and said she took Sam shopping at Target.  It was an “extreme” shopping trip: the cart was overflowing with not an inch to spare.  Sam got very nervous.  She was worried she wouldn’t have enough money to cover the cost of all those items!

The total at the end of all the scanning was $478.34.    Then the cashier rang up the coupons, both manufacturer and Target store coupons for many of the same items. The total came down to $142.10 or a savings of 61%.  In case that didn’t sink in, look at it again:

$478.34
-336.24 saved  with sale prices + coupons
$142.10 or 61% off the regular price!

As an aside, my friends also told me about the attitude of the cashier:

“The cashier was NOT to thrilled when she saw my stack of coupons. She made a “nice” comment about how her mother uses coupons and she thinks it just takes too long. After the total rang up she said she might start using them. Sam’s reaction was awe. She was ecstatic that she got the stuff for her kids lunch pails for such a great price… Totally worth it!

Now Sam has a houseful of food for those growing boys, at least for a while!

It took about an hour of sorting through the coupons to plan the trip with Sam and another hour in the store doing the actual shopping.  I asked my friend if it was worth her time–she said “Hell yes!”

Spending two hours total on one giant shopping trip was the equivalent of making $168/hour because that is how much she saved!  I don’t know about you, but I don’t know many jobs that pay that much.  Okay, I can think of one, but I’m not married to a Packer. 😉

Yes, it takes time, yes it takes planning, but it can be done.   Even a smaller shopping trip that takes you one hour to plan and saves you $20 is a great wage!  You reap what you sow, meaning a little hard work can save you a little or a lot!

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