Coupon Information Center Provides Good Advice
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Coupon Information Center Provides Good Advice

Posted on Wednesday, April 5th, 2023 at 8:08 pm
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The Coupon Information Center (CIC) provides information about how you can safely use coupons. There are fake coupons out there, and people have gotten in trouble for using them.

Coupons are a great promotional tool and provide consumers with direct, honest and substantial savings, CIC wrote. Over a billion dollars are saved with coupons every year! These savings benefit retailers, manufacturers, and an entire industry employing thousands of people across the globe. Ideally, it is a win-win situation and all participants benefit accordingly.

Unfortunately, as with anything of real value, coupons are subject to misuse and fraud, just like credit/debit cards, checks, currency, and virtually every type of legitimate economic activity.

The CIC encourages smart shoppers to take advantage of every available, legitimate tool to maximize their savings. Its a win-win situation for everyone when a consumer can purchase a product on sale, use a coupon and obtain even more savings by participating in a rebate/refund program.

It is important, however, that consumers understand and follow the rules when enjoying the great savings available with coupons. There are clear rules for using coupons. Our guidelines will clarify the gray areas where false information on the internet has caused confusion.

Here are some strictly prohibited activities involving coupons:

Photocopies: Do not photocopy coupons. This is counterfeiting and is a criminal offense.

Coupon Decoding: Each coupon is a contract and should be used only for the item described in writing on the coupon itself. Using a coupon for any product other than the one intended is a type of fraud similar to shoplifting.

Buying Coupons: When a person buys coupons, they may be inadvertently purchasing stolen property or counterfeit coupons. Even if there is not a direct criminal penalty involved, both coupon buyers and sellers open the door to potential litigation when they buy or sell coupons because they are in violation of the “nontransferability” clause printed on all coupons distributed within the United States. The transfer makes a coupon void. Coupon sellers ofter include legal disclaimers stating that they are selling their time, a service, or even envelopes that just happen to contain coupons instead of the coupons themselves. Such statements are invalid and do not offer any legal protection. Rather, such statements suggest that the sellers know that their coupon sales are inappropriate and wrong.

Stealing Newspapers: This is theft, whether it is for personal use, resale, to supply an organized criminal enterprise, or any other reason, and can result in felony charges. In addition to criminal penalties, the theft of newspapers often causes harm to hard working, small entrepreneurs who operate on very thin profit margins – usually a few pennies per newspaper. The theft of even a small number of papers may have a strong impact on the financial picture as consumers, no longer confident that they will receive the contents of their newspapers, will cancel their subscriptions or avoid certain newspaper boxes.

Buying “extra” coupons from your newspaper carrier or some other newspaper employee is probably a violation of the carrier’s employment agreement and/or contractual agreements with his/her supplier and can result in termination.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.