Friday, February 17, 2012

29 Days Of Couponing Tips Day 17: Stockpiling Part 1 (What is it?)

Day 1: Coupon Inserts 101
Day 2: Printable Coupons
Day 3: eCoupons
Day 4: Coupon Clipping Services
Day 5: More Ways to Find Coupons
Day 6: How to Organize Your Coupons
Day 7: How to Quickly and Easily Clip Your Coupons
Day 8: How to Purge Expired Coupons
Day 9: Know Your Coupons {What does the fine print mean?}
Day 10: Coupon Rules & Tips Every Couponer Needs To Know
Day 11: Know Your Store's Coupon Policies!
Day 12: Know Coupon Lingo & Abbreviations
Day 13: Stacking Coupons
Day 14: Save Money With Coupons, Know When To Shop
Day 15: Get Organized With a Plan, Before You Hit The Store!
Day 16: Don't Be Brand Loyal
Day 17: Stockpiling Part 1 (What is it?)

I am constantly trying to stretch every dollar, so that we can afford the things that we need everyday! It is a tough challenge. I however, have learned that there is a method that can be used to free up some much needed cash, called Stockpiling.

"Stockpiling" What is it? How do you do it? And why should I do it? Today, and Tomorrow I will try my best to answer those questions!

To all the Coupon Queens out there, if there is anything that you'd like to add to help out the newbies, then please leave a comment and share! Newbies, if you have any questions, please leave a comment and I will try my best to answer all of your questions!

So, What is Stockpiling?
Basically, it is finding a great deal on an item, then not buying one, or two, but as many as you can at the great deal price. This requires you to have several coupons, as many as possible, for as many products as possible. A Stockpile, is a pile, or storage location for bulk materials. In this case, we are talking about groceries, personal care items, and household products that you use on a regular basis.

Most Frugal Bloggers recommend stockpiling at least 3 months worth of basic items that your family will use on a daily basis. Some items to include in your stockpile could be anything from shampoos, toothpaste, deodorant, toilet paper, and anything from pastas, rice, or cereal. For example, if you purchased 10 tubes of toothpaste for free to 50 cents a tube by using sales and coupons, then that is 10 tubes that your not going to pay $4 each for a month from now. Multiply that number by the number of tubes your family uses a year, and you can begin

Why Should You Stockpile?

You should Stockpile to Save Money!

The basic goal here is to accumulate a stockpile in amounts so that you never again have to pay full price on items you use everyday. You would only need to purchase the product when it goes on sale, and you have a coupon.When you run out of toothpaste, you already have it, and don't need to go out and spend the regular price for it. I highly recommend stockpiling, because in the long run, it will save you a lot of money! I have literally saved, hundreds, even thousands of dollars a year by stockpiling. And please note that I am not an "extreme"  couponer like the people that you see on the Extreme Couponing TV show!

When Should I Stockpile?
Stockpiling is a strategic game. In order to Stockpile, you have to match your coupons, to a sale and take advantage of buying multiple of "said items", while they are at "rock bottom" prices. It does take some time to build your stockpile if you are new to this method.

How do I Stockpile?
In order to Stockpile, you will need first start collecting, and organizing a lot of coupons. Every week buy at least 2-4 newspapers. Then you will start using your coupons at the store's in your area that have the most incentives to you. Use the coupons, combined with sale, and purchase multiple items when they are on "rock bottom" prices. Typically, I consider an item to be a "rock bottom" price when it is 70% off the regular retail price, or more. You will need to buy an amount of this item in a quantity to last your family until it can be purchased again at rock bottom prices. This is tricky sometimes because some products are on rock bottom prices more often then other items.

It takes about 3-4 months to build a stockpile. In the first month of stockpiling, your shopping bill may go up slightly. But, by the 4th month you will start to see your savings.

Tomorrow, we will talk more about Stockpiling!

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