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Keep Track Of How Much You Save & Spend

6 Feb

Not only is it important to keep track of how much you are saving, but also how much you are spending. You need to make sure that everything your buying is worth it and your not actually spending more than you normally would.

It may not seem like a lot, but a dollar here, and a dollar there adds up! I would recommend making a spreadsheet on Microsoft Excel, or you can make a table on Word and print it out. Have one column for spending, and one for saving. In the spending, you need to put anything coupon related. This would be newspaper cost, how much you spent at the grocery store, and all of the CVS, Wags, and Rite-Aid trips you take. In the saving, write down any money that you save on your shopping trips. After a few weeks, add your two columns up and find your real savings percentage. (To find your savings percentage, divide how much you saved by the VALUE. The value is the savings and spending added together.) A percentage that you want to shoot for is at least 50% or higher. If your percentage is lower than what you expect, look back through all your spending and see if there is anywhere that you can eliminate.

 

Know Your ‘Stock-up Price’

30 Jan

Being a couponer, you want to try to stock up and buy as many of an item to last you until the next sale…when the item hits its all time low price.

How do you know when it will go on sale again?

It is almost a guarantee that that everything will go back on sale within 6 months. So when and item hits its my ‘stock up’ price, I will get as many of it as I can to last me six months.

Your stock up price might be different than mine, it all depends on how much you feel comfortable paying for an item and what you already have in your ‘stock’ :) For example, we have at least 100 tubes of toothpaste. So even if it is free within the next 6 months, I’m not gonna buy any for me. (Still buy some to donate though!)  But on the other hand, I’m running low on cereal. So if I can get cereal for less than $1 a box, I’m definitely going to stock up on it.

Here are some of my stock up prices:

  •  Toothpaste  – FREE
  • Cereal – $1
  • Laundry Detergent – $2
  • Razors – $2
  • Shampoo & Conditioner – .25
  • Condiments – .25
  • Toilet Paper – Less than .25 a roll

What’s your stock up price on some of these products?