Is the art of couponing dying? Do people still use coupons when shopping? Despite all the reports, coupons and the art of couponing are well and alive.
Families with at least $100,000 or more incomes are the ones who most likely use coupons. Say that again? If you think people who are on a tight budget or people who are struggling financially, are the ones who use coupons, think again. Households with $100,000 income or more are using coupons more than people with financial problems or families that are earning $35,000 or less. Not only that, students with a student loan, educated people, degree-holder is more likely to use coupons or engage in extreme couponing than those without a high-school diploma.
Tip: If you have hard time-saving money, you can try using the Keep the Change program of Bank of America. It rounds your purchases to the next dollar amount and transfers the change to your savings account. For example, you spend $30.25, BofA will credit your account $31 and transfer your $0.75 to your savings account. In no time, you will
have extra cash saved.
(If you want to know more about Keep the Change program of Bank of America, visit https://www.bankofamerica.com/deposits/keep-the-change)
Millennials use their mobile phones to get coupons and discounts, at least 60%.
People ageing 18 to 34 or the ones we called Millennials are America’s largest generation and one of the largest users of digital coupons and discounts. They use their mobile phones or smartphones to look for coupon codes, or digital coupons that they can redeem in-store or online, printable paper coupons, text coupons or they use their smartphones to research the products that they want and compare prices from different online stores. A smart user will any means necessary to get the lowest price possible, match the product they find to stores like Target, Walmart or Best Buy.
Tip: If the store you are in, has a weak signal, try connecting to the store’s free Wi-Fi and show the cashier your coupons. You can also screenshot your coupons beforehand so you can barcode it to avoid holding up the line trying to look for a good signal.
Children and women are also frequent users of coupons
Women use more coupons compared to men and women with children tend to use more coupons the women without children.
Tip: If you are using www.raise.com gift cards, you can save 10% to 12% discount on clothes and other goods if you are shopping for back-to-school items. It is one of the easiest ways to save money on shopping without using a coupon. For example, if you want to buy a $100 shirt, you browse Raise and found a $100 gift card for the same shirt selling for $80. That’s a $20 instant saving.
Retail outlets spend at least $20 billion in coupons and discounts, at least 90% are paper coupons
People might not know this but, retailers and big brands are spending billions of dollars … Read More