How Coupons Make You Spend More
Have you ever considered if all those coupons you use are actually effectively saving you money? Or are you purposely using them without knowing which really just makes you spend more? The trick is to know what you would buy anyway without the influence of the special deal or coupon. Watch the reasoning as it is very subtle but important on your Networth bottom line.
Get a free audiobook and help support my channel here:
http://www.audibletrial.com/BeatTheBush
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Amazon: https://amzn.to/2INcLsm (Buying any product after clicking my link helps my channel.)
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My Channels:
https://www.youtube.com/BeatTheBush
https://www.youtube.com/BeatTheBushDIY
Have you ever considered if all those coupons you use are actually effectively saving you money? Or are you purposely using them without knowing which really just makes you spend more? The trick is to know what you would buy anyway without the influence of the special deal or coupon. Watch the reasoning as it is very subtle but important on your Networth bottom line.
Get a free audiobook and help support my channel here:
http://www.audibletrial.com/BeatTheBush
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Amazon: https://amzn.to/2INcLsm (Buying any product after clicking my link helps my channel.)
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
My Channels:
https://www.youtube.com/BeatTheBush
https://www.youtube.com/BeatTheBushDIY
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On my phone, the timestamp on the thumbnail covered part of the r on poor and it looked like it said coupons making you poop.
Watched almost all your financial videos and its kind of funny because maybe 90% of what you say i already do or think about.
Maybe for me your advice is obvious but must of the population struggles with this consumerism and capitalist society and that's why your videos should be an example for all.
I'm from Lisbon, Portugal and here its really hard to invest money on the market (short offers), credit cards are limited and the max you can get is 500€ total per year with 3 free cashback cards.
As an IT guy, people some times don't get it, why i have an old car, the same smartphone for 3-4 years, the lowest data plan on the market, paying only 1/5 of the average on food because of coupons, promotions and healthy choices.
"The more you have, the more you spend" and "The less you have the more you spend" is the norm.
Life is short, but if we don't get financial independency early on, life will be sad and the mortgage or rent will be a nightmare when living paycheck by paycheck.
Keep up the good work with this channel.
I like to think of coupons by the difference in price and value.
For example if it's 50% off a $100 purchase and I went in to get a $20 item, I could get one item for $20 or 5 items for $50, so the first item I went to buy costs me $20 and I can get 4 more for $30, which is useful if I'm going to use the item and it isn't going to be wasted.
I think the same way of deals like "2 for $4". If 1 item costs $3, the second one costs me $1.
It's also useful to think of different size packs the same way, If i can get 1L of an item for $10 or 2L for $15, that second Liter cost me $5.
Of course the rule of diminishing returns and ensuring you don't waste comes into account depending on what your buying. I think thinking this way helps recognize the value of the sale/larger sizes
I’ve heard if you get a coupon for $0.50 off of hot dogs, it’s because buns and mustard went up $0.35 each …. and I’ve noticed that coupons are ALWAYS for the most expensive things…. like $1.00 off ballpark hot dogs so instead of $4.00 it’ll be $3.00, but a pack of BarS hot dogs costs $1.50
I agree it is unexpected savings vs over consumption. Coupons might work on what you already were planning on buying.
Consumerism at it's finest…
So i'm trying to save a lot of my income and just started investing but ytd I have lost almost 10% of the money i put into investments so far. What should I do?
yeah they are marketing ploys. if you use coupons you should be shopping for a specific item and comparing prices and taking the lowest price. if a coupon helps then so be it. if not you are just getting sucked into buying the product because you think your saving money and its worth making the buy now. in sales you always push for the immediate sale. anything to get them not to think and be impulsive. Coupons are great for that
I coupon for mostly toiletries and cleaning supplies: deodorants, detergent, toilet paper, soaps, shampoos, feminine hygiene products, etc. I stock up when they are rock bottom prices, free, or money makers. It helps save money to not have to shop for these items at regular prices throughout the year. Everything I buy we do use eventually. I use to be somewhat extreme but I found that it was way too time consuming and keeping a mini store inside your closet gets annoying on moving day.
True I see a lot of coupons to try a new products. However, if I don't need it I 'm not buying. Seems to be bait.
I assume that the coupon trap is part of the business model of those who employ it. Is this immoral? If it is considered to be standard business practice, does this make business immoral? Do foolish people deserve to be tricked? Are we morally obligated to trick or in other ways take advantage of foolish people? I'm glad you are helping us fools protect ourselves.
So far my best strategy is to make a list on my iPhone of things I need and then stick to my list (I take it off the list as I pick up the items). At Target, I scan each item for the discount instead of looking at the ad for what’s on sale. Sometimes if I see something I may need next week and it’s on sale this week while I am there, I will buy it now instead of wait until next week. I find this method helps. I just wonder if there is an even better way to do this (I refuse to coupon like those extreme couponers who can get $100 worth of few items for $10 but then have to store it on shelves in their home like a store). I am guilty though that if it’s non-perishable (deodorants, paper towels, etc) and the product I want is on sale but the sale says “must buy 3” (or more), I go ahead and buy the amount needed to get the sale price. I’ll also buy a different brand if the thing I need is on sale by a different brand than I normally use, unless I can’t live with a different brand.
I'm glad to see the peas alive after all that travel …🐉🍽🍣
what do you think about Extreme Couponing? save or spend more
one word: starbucks
Aha! That's where I thought you'd put the plaque XD. I gave up on coupons years ago, use store brands instead.
Oh, wow! Silver button hung in the back. Love it!!
ya, I stopped paying for prime because of this concept. I realized it made me lazy for searching around for deals and I may have bought mores spontaneously because of prime ease of use. Needed to get my memberships worth. Same deal with annual fee credit cards. I've been more wary of paid services which have the goal of me spending more even if on paper it looks like I'm out ahead.
Coupon's is great advertisement. I use coupons a lot due to the fact that I am cheap. I think they save me money over all
I always fall for grocery coupons and deals. I am a grocery hoarder. 😅
That makes total sense. Bath & Body Works always tries tricking you to spend more
BTB, is Youtube putting all your videos in subscribers' inboxes? The sub count to viewer ratio is low.
Great pount. Coupons make you spend more money if wern't going to buy it or didn't need it In the first place.
Extreme couponers piss me the fuck off. I remember working in retail and looking over to a fellow cashier who was checking out an older heavyset women who had well over $200 dollars worth of groceries and after all the duplicate and expired coupons were applied her total balance was around 22 dollars. Many people don’t realize that if you bitch just enough, most retail stores will do as you please.
Listen to how radio and TV commercials drill into you "Buy this..AND SAVE!" Watch it folks! Btw.. please give details on next meet up.. sorry I missed the one in the City.. Nice shirt!
There's an even simpler way to calculate these imaginary "savings". Consider how many dollars you could recover by selling whatever shit you purchased with the coupons. Usually it's going to be a net loss (and even more of a loss if you also attach any value to your time).