In part two of Coupons add up to big savings for Chattanooga parents, we turn our focus to some of the great benefits of using coupons.
Coupons have many benefits to both you, your family budget and beyond. One of the most obvious benefits is that you will save money on your purchases. After the financially tumultuous last couple of years, it has become painfully obvious that many families were spending more than they could afford and not saving for a rainy day. Unfortunately, when those rainy days arrived, in the form of lost jobs and no income, many were caught by surprise with no money to help them through the rough patch.
There are also all those future expenditures looming on the horizon such as college, weddings, and, of course, retirement. So, taking your savings from your everyday purchases and putting the money into an interest bearing savings account is a good place to start.
Another clear benefit is that by saving money on your everyday purchases, you will also be freeing yourself from the guilt associated with an occasional splurge. Have you ever gone to a store and seen some great item that you were just DYING to have but once you got it home you just couldn’t wear it because every time you did, you felt guilty that you spent so much money on it? At one time or another, it happens to us all.
In part one of this series, you met Jennifer Gibbs, pediatric nurse and married mother of three, who has cut her grocery bill in half while still maintaining an overflowing pantry through the use of coupons and by tracking store sales.
She says, “Now that I’m saving on items that I need every day, I can splurge on items that I wouldn’t have bought in the past, like flowers or sushi. I also don’t feel as guilty when I buy something for my kids or myself.”
Another fringe benefit of stocking up while items are on sale is being able to know that if life gets too busy or hectic, there is always plenty in the cabinets. You can eat at home and still have something warm and nutritious to feed your family.
Sara McClure, who was introduced in part one of this series, says, “During the holidays we went for 5 weeks without a major shopping trip and were still able to give lots to our church pantry.”
Knowing that when you need something you already have it at home is another benefit to stocking up. When a bout of flu hit her home last fall, Jennifer was able to take care of the family immediately without having to rush out to purchase the needed items at full price.
Coupons can also offer the opportunity for you and your family to help others in your community. Though, you might not personally need that large pack of diapers that you were able to purchase for a couple of dollars, there are others in the community who do and are unable to afford it.
Jennifer says, “I was able to give 5 bags full of food and personal items to my church’s food pantry this Christmas. I also donated 4 bags of food to my kids’ food drive.”
Lastly, and quite possibly most importantly, you are teaching your children to value money, to set a budget and to use money wisely. With so many families in financial straits, any additional emphasis that you can put on financial education can only benefit your children in the long run.
Jennifer has her children look for coupons and assist with the shopping lists which have helped to teach her children more about money and how money works.
She says, “[My kids] are starting to realize that I don’t go out and buy some food items just because they want it. I will wait until it’s on sale and save money.”
If you liked this segment, make sure to check out part one of this series. In upcoming segments, this series will focus on sorting through some of the multitude of information that is available to you and help you figure out a place to start if you are new to couponing. Stay tuned!
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