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Tuesday, February 21, 2012

29 Days of Couponing Tips Day 21: How To Make a Price Book!


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?)
Day 18: Stockpiling Tips Part 2
Day 19: Understanding Sales Cycles
Day 20: How to Read a Sales Ad
Day 21: How to Make a Price Book


Making a Price Book will help you to keep track of the best prices for your favorite products. By keeping a price book, you'll be able to see at a glance if you are getting a deal. Then, you will also be able to see when your favorite products are at "rock-bottom" prices, therefore you will know when to stock up, or stockpile so that you never have to pay regular retail prices again!

What is a Price Book?

A price book is an easy system that helps you to track the costs of items that you purchase frequently for your family, so that you know if you are getting a good deal.

How Do I Make a Price Book?

There are several different ways to make a price book. Choose the method that you are the most comfortable with.

Step 1:

Buy a three-ring binder or a spiral notebook to start your price book. If it is small enough to fit in your purse, then it will be easier to fit in your purse to bring it with you when you go shopping, however this is personal preference. Keep in mind that if you get a binder, it is easier to add or replace pages, then a spiral notebook.

Step 2:

Create food categories. Dedicate a page or two to such purchases as produce, meat, canned goods, boxed foods, dairy, snacks, non-foods, etc.

Step 3:

Record your receipts. Make five columns running down each page. List the date, what you bought (including the brand name) the size, and the price. You will also need to write down the store name where you made the purchase.

Step 4:

Bring your binder with you when you shop. You'll be able to look up a product and know at a glance if it is an unbelievable deal. Make sure to set a maximum price limits on groceries and give them a pass when the cost is too high. After awhile you will start to notice trends, such as how often your store offers sales on canned goods, paper goods, meat, etc.



Free Printable Price Book Pages:

There are several Price Book Printable Templates available online.

Free Customizable Price Book Download @ Money Saving Mom

Price Book Template @ Organized Home

Free Printable Price Book @ Mom Advice

Printable Price Book @ About.com
 


Some People even choose to keep track of prices in an excel spreadsheet. Here is a great excel spreadsheet sample from cheapcooking.com. The excel spreadsheet can calculate unit cost for you (if you know how to use excel)


Here is a great example of a  Price Book @ Proverbs 31 Woman.



Do you have any questions? Do you have any tips to share? Please leave a comment below!


Tomorrow we will talk more about "Rock-Bottom" prices, General Sales and Sales Cycles to expect throughout the year!



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