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Thread: Think about this...
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06-08-2008, 12:15 AM #1Registered User
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Think about this...
People think that couponing won't save them money or not enough to worry about. Even if you save $1 a week with coupons and invest that (at a conservative 6%) you will have invested $52 a year and $1560 over 30 years. If you leave the money in the account and the ineterest compounds, after 30 years you will have $4357.69!!!!!
WOW!!!!
Here's the calculator I used:
http://www.moneychimp.com/calculator...calculator.htm
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06-08-2008, 12:23 AM #2Registered User
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That's pretty cool. I am trying to get way more in the habbit of using coupons.
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06-08-2008, 02:10 AM #3Registered User
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A buck here and there add up. Interesting post.
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06-08-2008, 09:25 AM #4Registered User
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There IS something to that old saying...a penny saved is a penny earned
Great post
Nancy
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06-08-2008, 10:21 AM #5Registered User
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It's always a great reinforcer to see how the little things add up!
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06-08-2008, 12:07 PM #6
It all adds up that's why I pick up every penny I see.
" May we never let the things we can’t have or don’t have or shouldn’t have spoil our enjoyment of the things we do have and can have. As we value our happiness, let us not forget it. One of the greatest lessons in life is learning to be happy without the things we cannot or should not have."
-Richard L. Evans
~Check out C@rols Blog on FV
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06-08-2008, 12:51 PM #7
Wow, I hadn't thought of it this way ... what an eye opener!
Not that I didn't know that every little bit adds up but just the way you posted it really hit home.
Thanks!
Love,
Jen
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06-08-2008, 12:52 PM #8Registered User
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I'm also a penny saver and a coupon user. I just need to get in the habit of putting the amount I save every week (I also save by using my store discount card) into savings.
May Goals:
Only $300 for groceries this month - $206/$300
Monthly coupon/valued customer savings = $14.08
No wasted food!
Stick to budget!
Track spending DAILY
Get checkbook balanced
Save $200 toward EF: $85/$200
2012 FV Challenges: Try New Recipes Challenge: 22/52, Menu Planning Challenge: 21/52, Grocery Reduction Budget Challenge, Change Jar Challenge: $27.81 as of 1-14-12, Lose A Pound A Week Challenge: 3/48, No Wasted Food Challenge
2012 Goals
1. To pay off CC (only $917.15 left!) and never again charge more than I can pay off each month.
3.Snowball the CC and Sears card payments into hospital bill (due w/ Baby #2 via C-section in mid-January). Pay that off ASAP.4. Snowball payments into DH's student loan (as of 12/4/11 there's still $4770.84 remaining). Pay off by 12/31/12.
5. Keep our grocery budget to $300 each month.
6. Use Dave Ramsey's budget sheet and get on track with this each pay period.
7. Get and keep checkbook balanced and keep an eye (weekly if not daily) on our e-statements.
8. Get savings account up to $8,000 (incl. emergency fund)
9. Make 2 Christmas gifts per month: 0/24.
10. Get our home organized: use a receipt book, keep my coupon organizer in check, have a touch-once policy for paper (touch once and then file or toss).
11. Achieve "give or get" goal of $1500 for the board I serve on by 9/30/12.
12. Taxes filed by March 17.
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06-08-2008, 01:51 PM #9Registered User
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I just got back to using coupons again and feel good when I can save money even if it's just a little here and there. It does take planning ahead though which I'm still getting the habit of doing again.
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06-08-2008, 05:35 PM #10Registered User
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I'm determined to get back into the habit again. When I threw out all the expired coupons to restart today, I saw lots of things that I did buy. I didn't add up the lost savings as that would have been too depressing. Butt in gear time!
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06-08-2008, 06:03 PM #11Registered User
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Not to be a downer, but this is a nice sentiment for places where good coupons are available. Here you save money by not using coupons. Generic is cheaper, and just as good quality. I regularly save 50 cents to $1 over coupon prices on items by buying generic. When manufacturers start offering serious coupon deals, I'll get interested.
Jean2012 Challenges
Use it up Challenge
20 Wishes Challenge: 1/20
Lose-a-pound-a-week Challenge: 24/52 (since spring 2011)
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06-08-2008, 06:03 PM #12Registered User
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I get lots of stuff free by combining sales and coupons so they do save you money.
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06-08-2008, 11:48 PM #13Registered User
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Actually the couponing was just an example of where you could save a dollar a week. No matter how you save that dollar, if you put it in savings it really adds up over time. One of the great things about compound interest! Now if I could just leave our money in there long enough to start compounding!! lol. We're going to be buying a house and will be getting a grant for closing costs but will still need money for a home inepection and other things.
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06-08-2008, 11:55 PM #14Registered User
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I agree with you. I use coupons and I save my change. If I see a penny, I pick it up. It is amazing when you take the time to add it up, exactly how much you have saved. I am in the habit now of paying myself the amount I used in coupons and saving it. That really helps me stay in the habit of clipping, planning and using them.
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