Personal experience: how to save $ 8000 per year with coupons - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Personal experience: how to save $ 8000 per year with coupons

In 2009, Katie Hernandez graduated from college and was faced with the need to look for a job and return thousands of dollars in a student loan at the height of the economic crisis.

Фото: Depositphotos

Today she owns a successful business on the Internet, and she has no debts for any loans, writes Time.

The secret to saving and financial success of this 31-year-old woman lies in a method known to our grandmothers - using coupons.

It all started with the fact that Hernandez and her fiance Ernest wanted to reduce their expenses, the woman decided that if they could reduce them by 30%, their financial situation would improve significantly. And coupons were one way to cut expenses.

Hernandez is not the only Millennial who use coupons. They are no longer printed in newspapers, but are placed on sites with the ability to store in special applications, so this has become a rather popular method of saving among today's youth.

On average, according to CouponFollow, today more than half of the millennials are looking for coupons on the Internet before buying something. Another PRRI study found that in 2016, 48% millenials used online coupons, which is even more than generation X (39%) and baby boomers (32%).

Of course, if you want coupons to really save you a significant amount for a family budget, it will be worth the effort. Hernandez, who has a blog about coupons on her website Kouponing with KatieHe spends three hours a day looking for deals, which he then publishes on the site.

How Hernandez Manages to Save with Coupons

Katie started collecting information on coupons using the TLC show “Extreme Couponing”, now this program is no longer shown. She was immediately impressed by the big discounts that can be achieved with coupons.

“At the moment, if we don’t get a discount of about 90% of the cost of an item, we don’t buy it,” says the woman.

The trick, Hernandez says, is to combine multiple offers—for example, a store discount with coupons from the manufacturer. (Many large retailers allow customers to combine at least one store-issued coupon with one manufacturer-issued coupon. Check the store's coupon policy on its website.)

Then she adds to these discounts the possibility of obtaining a return of the money spent on purchases. Applications like Ibotta or SavingStar offer them. These money back programs pay from a few cents to a few dollars after you load a check from the store. Through these applications, large retailers conduct market research. (To get discounts, you allow them to share their cost data.)

The result of this painstaking work is that Hernandez and her husband spend less than a dollar on many popular products and essential goods.

Before Hernandez started using coupons, their family spent an average of 800 dollars per month on food and household items. Now they spend only about 100 dollars, considering the cost of a child and two pets.

This allows them to save around 8 400 dollars annually. Hernandez paid off her student loan debt to 2013 and now pays her mortgage and invests in retirement accounts.

Of course, this method of saving is associated with some victims: sometimes you need to buy a product that has not yet ended, because there are discounts on it; you can not always choose the product of your favorite brand; often have to buy large portions of food, etc.

Six months after Hernandez started using coupons, her friends and co-workers were so impressed with her accomplishments that they convinced her to host a training session to teach them this way of saving. By 2014, Hernandez had created her own Facebook group called Kouponing With Katie, and by 2015, a blog of the same name.

Although the group started locally, today it has almost 10 000 subscribers from all 50 US states.

She continues to work as an office manager, and the blog and the group, according to the girl, bring her additional income of several thousand dollars a year.

According to Hernandez, there are several important things to keep in mind when trying to get the maximum savings from coupons:

Pay attention to independent brands and not to store brands.

Products of own store brands are cheaper, but a maximum of them can be saved around 30%. If you combine the manufacturer's coupon with the store coupon, then the savings can be up to 90%.

Do not get attached to one brand.

For maximum savings, do not use only one brand, buy products of those brands for which there are currently coupons.

Start slowly and be careful.

Pay attention to the labeling of the item, its weight, the validity period of the coupon, additional conditions - otherwise, at the time of purchase, the savings may not be as great as you expected, because you simply will not be able to use some coupons.

Read also on ForumDaily:

How shops make us buy more than we actually need

The scary truth about what some of our favorite products are made of.

Seven Ways to Save at Walmart on Every Purchase

8 the cheapest supermarkets in the USA

saving Educational program discount coupons
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1070 requests in 1,208 seconds.