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Are Coupons Worth It?

submitted on February 11, 2010 by YanBz in "Member's Lounge"
If you had any doubts, this WSJ writer does the math.

Average saving per coupon: Just $1.44, according to the Inmar report.

But let's treat this low finance topic for a moment the way we treat high finance. Let's subject it to the same math.

How long does it actually take to clip and use a coupon? Certainly the more you use, the less overall time you will spend per coupon, because so many of the costs–getting flyers, sorting coupons and so on–are generalized. Let's assume you spend a minute per coupon.

Saving $1.44 for a minute's effort is the equivalent of saving $14.40 for 10 minutes'.

Hourly rate: $86.40.

In a nutshell, coupon clipping is like making $100 an hour (pre-tax)

  • 52365
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    Posted by mooncow728 on February 11, 2010
    [reply] 9 0
    Well I can for sure say they are worth it. Last night I went grocery shopping after spending 20 minutes printing coupons and clipping coupons. I only used coupons on sale items. I saved $29.80 in coupons, an extra $10 in store for spending more than $50 and caught some really good sales. I bought $168 in groceries before sales or coupons but spent $82.33. So I saved more than 50% between coupons and in store promotions. Plus I got a register reward coupon for $10 off my next shopping order. It sure pays to use them.

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