Day 8: Stockpiling SenseI have said it before, and I will say it again. I would not coupon if I couldn’t get multiple items at a time. (This is why we tell you to get four to six copies of the newspaper.)
By stockpiling while something is at a Rock Bottom price, you won’t have to pay full price when you have to have it.
Have you ever purchased a child’s coat from a clearance rack in March, sized up for next winter? If you have, then you’ve already had experience in stockpiling! By purchasing that jacket in March, you easily saved 75% off what you’d pay the following October. Now take that “buy ahead” principle and apply it to the grocery store!
Stockpiling responsibly is what will make the difference in your budget and in your life. Let’s talk about how much one family should acquire. This decision should be based on the number of people in your home and the amount of space available. Personally, I like to keep close to a one-year supply of all the shelf-stable products that my family uses on a regular basis. I suggest you aim for, at minimum, a three-month supply and, at maximum, an 18-24 month supply of some non-food products, such as detergent or household cleaners. Extreme Couponing can be fun and addicting, so remember to exercise restraint, if necessary.
After six months of couponing, you’ll be shocked at how many prices you’ll know offhand. Often coupon virgins have not been paying attention to prices, which makes it hard to know when a sale price is red hot or only lukewarm. You need to build a price list. Whether you write it down or keep it in your head (like I do), try to begin paying attention to the prices of the foods you buy most often.
Watch for our “Stock-Up” icons on TheKrazyCouponLady.com. When you see this icon (Final Price: $X.XX), it means that the price is good enough to stock a three to six month supply. When you see this icon (Final Price: $X.XX), it means the price is so hot that it’s worthy of stocking up a six month supply or more!
Shirk your brand loyalty
Your couponing efforts will be much more successful if you can buy whatever brand is cheapest. Everyone is allowed to stay brand loyal to a few items—you don’t have to give up everything you love—but try to be open to trying other name brands.
Need any more reasons? Besides saving money, here are six more reason that make a lot of “stockpiling sense”.
- 1. In case of catastrophe. No one likes to think it will ever happen to us, but why not be prepared and even in a position to help others?
- 2. In case of job loss. With the current economy this isn’t too far-fetched for many of us, and a stockpile will help bridge the gap until a new job is found.
- 3. In case food prices skyrocket. There are many unpredictable problems that can affect the price and availability of food. Your stockpile can buffer you from fluctuating prices.
- 4. In case gas prices go through the roof. Sound familiar? This hits home for most of us. It’s obvious that the price of oil directly affects the price of food. Again, your stockpile saves you from panicking over those rising prices.
- 5. For the spontaneous cook inside of you. On a happier note, having a variety of food on hand allows you to whip up a meal or treat just because you can. You’ll never be making those last minute dashes to the store for that one missing ingredient!
- 6. For peace of mind. Essentially, this is the whole reason to stockpile: being able to tell fear and anxiety to hit the road. Knowing you’re prepared for whatever the future holds is priceless.
Look at you—making excuses to go out to the garage just to look at those beautifully stocked shelves! Pull up a camp chair, and let’s talk about Day 9, Finding Balance.