Tuesday, January 4, 2011
Is Couponing and Deal Hunting Worth It?
Some of you may wonder if deal hunting and using coupons is really worth it. I know I've had plenty of people ask me, "Do you really save enough to make it worth your time?" Just for fun I decided to go back and see how much I saved this year. I started keeping track of my savings in May and my figures include what I saved with sales, coupons, AND manufacture rebates (in other words, I didn't count the Single Check Rebates from Rite Aid which would add probably at least another $100).
Let me tell you, I was shocked when I saw the actual figures. In 8 months time, I saved $2,919.15! (Only $111 of that was from rebates). Now some of you may still be wondering if it's worth it. Again, just for fun, I figured out how much I made an hour with those savings.
With the above figure I can spend approximately 6 hours a week doing deal related things and still "make" $15/hr. (Take 2,919.15 divided by 32, the number of weeks that I tracked. Then divide that number by $15 which is my "wage" and you come out to 5 hrs.) For me that is worth it- not to mention that I totally LOVE it too.
Now I know that drugstores for instance have sort of overpriced items. But even if you figure that in, it's still not a great savings.
How much did you save this year? I know some of you were keeping track and I'd love to hear how you did! Isn't it amazing to see the savings?