Stockpiling is the biggest secret to successful couponing. If you know how to do it, you can save hundreds, or even thousands every year on personal care, cleaning and shelf-stable food items. This week, we’ll be covering the basics of stockpiling: what it is, how it works and why you should be doing it.
In our consumer culture, we’ve grown accustomed to a buy-it-as-you-need-it mentality. When we run out of shampoo, we buy more shampoo. The trouble with this mindset is that our savings is always hit-or-miss. Occasionally, we’ll find a good price, but when we’re in need, we are willing to pay much more than we would otherwise.
With stockpiling, we are not driven by need. Since we have a supply of shampoo at home, we are able to wait until the prices are at their lowest before making a purchase. Here’s an example.
Suppose shampoo costs around $3. Once every month when you start to run low, you venture out and pick up a bottle. Your total monthly cost is $3. Not bad. But if you watch the sale ads, you find occasional buy one get one free sales at the drug stores. Plus you can usually find a few $1 coupons to sweeten your savings. When you combine these deals, you are able to do the following:
Brand Name Shampoo $3, B1G1 free
-$1/1 coupon x 2
Final Price: $0.50 each
At this price, you can pick up six bottles for the price of one, and add them to your stockpile. You now have a six month supply on hand, and are in a position to wait for a rock-bottom sale price before buying any more shampoo.
Essentially, stockpiling gives you a system for getting free or inexpensive products indefinitely. You can imagine how much money you could save when applying this principle to 20 or 30 frequently used items in your household!