I remember the first time I ever used a coupon. It was a tear pad coupon for $.50 off a box of cereal.
The cereal was ridiculously over-priced at around $5 for a small box, but I felt like such an awesome, smart person because I bought it using a coupon. I thought I was saving money, when in reality, I wasn’t.
Buying something just because you have a coupon for it is not always a good idea.
I always tell people to make sure they will actually use the product before they buy it.
Don’t use a coupon just because you have it. It’s so easy to get trapped into the whole “saving money” thing when it comes to coupons. Trust me, I learned this the hard way. To this day, it’s extremely difficult for me turn down a a great deal. For example, a $0.50 jar of jam (with sale price & coupon) that is normally at least $3 – that is an AWESOME price.
The thing is – we don’t eat jam often, so $0.50 is too much money for me. It’s hard for me to walk away from such a great deal, but I have to. I don’t want to buy something that will just go to waste..
Here are some tips to help you decide if your good deal, really is a good deal for you:
– Do you use the item?
– Can you use it before it expires?
– Do you have a place to store it?
– If you don’t use the item, can you afford to donate it?