How Coupons Can Cost You More
Posted on Thursday, January 5th, 2012 at 8:42 am
Coupons are meant to save money, right? While coupons can save us tons of money, they can also cost us money. After all, manufacturers produce coupons in hopes of making money, not to give us a financial break. It’s important to be aware of costly coupon downfalls in order to avoid them and keep those savings up. So what are some of the most common coupon errors that cost more than they actually save and how can they be avoided? Here are 3 major pitfalls that couponers often encounter:
- Unnecessary Purchases. This is one of the biggest coupon mishaps. It’s no surprise that people often make purchases they didn’t intend or need to make simply because they had a coupon for a product. I know I’ve caught myself doing this more than once! To avoid making costly unnecessary coupon purchases, search for coupons for the items you need rather than buying items for the coupons you just happen to have.
- Excessive Bulk Buying. Another costly coupon error is excessive bulk buying. In other words, buying more product than you can use just because you are getting a deal. If you don’t have a need for excess of the product, don’t stock up. I’ve found that when I make excessive bulk buys, I forget about it a few months later and end up repurchasing the same product. Before you know it, you’re bulk buy will have expired. Avoid this coupon pitfall by only buying bulk products that store well for extended periods of time and that you use regularly.
- Costly Upgrades. Generic and store brands are almost always cheaper than name brands. However, coupons are often for name brands rather than generic or store brands. Sometimes, buying a name brand with a coupon is actually cheaper. However, watch out for instances when upgrading to the name brand, even with a coupon, is more expensive than the regular priced generic brand!
Of course, don’t let these costly coupon pitfalls deter you from couponing. Simply be aware of ways that coupons might cost you more money so that you don’t end up spending more than you need to. A savvy couponer can save a lot of money!