Extreme Couponing in the Digital Age: Is It Still Worth It? (2024)

FAQs

Extreme Couponing in the Digital Age: Is It Still Worth It? ›

Conclusion. Extreme couponing in the digital age is not only alive and well but has also become more accessible and diversified. While it demands time and discipline, the payoff can be substantial, making it worthwhile for both avid savers and casual shoppers.

Extreme couponing can help you reduce costs, but it may not be effective for lowering the price of staples. Joining a warehouse club or making a meal plan could be more effective ways to reduce your spending.

(KTAL/KMSS) – The days of making money off your grocery store run may be long behind us, but saving money on your everyday essentials is still very possible. Coupon culture has evolved over the years while Joanie Demer, Co-Founder of The Krazy Coupon Lady explains couponing is not dead, but extreme couponing is.

In general, stores do not lose money from offering or accepting coupons. In fact, they are more likely to profit.

All coupons printed in the U.S. have a non-transferability clause, which makes the coupon void if sold for a profit. Plus, many coupon sellers offer stolen or counterfeit coupons, leaving you liable to potential litigation if caught.

Diminished brand value: Constantly offering discounts and coupons can create a perception among consumers that the products aren't worth their original price. As a result, the brand's image and perceived value may be eroded, leading to a potential loss of trust and loyalty from customers.

Coupons can help introduce new product lines and encourage customers to try a more profitable brand or service. Coupons can also help attract existing customers to come back to your store. The biggest con of using coupons is that they cost businesses money and may lead to lower profit for that sale.

Where to Find Coupons. There are numerous sources for finding coupons in 2024. Look for them on websites like Ibotta, on product packaging or receipts, and in-store coupon inserts. Many stores also offer digital coupons that can be loaded onto your loyalty card for added convenience during your shopping trips.

It involves deliberately modifying and/or using a coupon in a way not allowed by its terms and conditions for undue financial or material gain. This is almost always a violation of federal and regional laws in the US and other countries and can result in charges such as theft, larceny, and counterfeiting.

What is the trick to extreme couponing? ›

Extreme couponers typically start coupon stacking by using manufacturer coupons on products that are already on sale. Manufacturers cover the cost of manufacturer coupons, so many stores let you stack manufacturer coupons on sale products because it doesn't impact their bottom line.

As it turns out, certain metropolitan areas are particularly thrifty when it comes to shopping, according to a new report from Coupons.com. The site used couponing as a proxy for frugality. Some of the top 10 penny-pinching cities were Orlando, Florida; Washington, Charlotte, North Carolina; and New York.

Combining deals to score items for free or for pennies on the dollar. The key to extreme couponing is not to take advantage of just one deal but to take advantage of multiple deals at the same time. By stacking the deals available to you, you can get great prices on items.

Lori Ann Talens, 41, ran the scheme from April 2017 through May 2020, and pleaded guilty to mail fraud, wire fraud and health care fraud before she was sentenced Tuesday by a federal judge in Norfolk.

In September, Talens was sentenced to 12 years in prison for “perpetrating a counterfeit coupon fraud scheme” that amounted to $32 million in losses for retailers and manufacturers, according to the Department of Justice.

And 93% of millionaires use coupons all or some of the time when shopping.

Couponing can save you money while shopping, but might cause you to spend more money, especially if you have trouble finding coupons for items you would normally buy or lose out on better deals from cheaper store brands.

There are numerous sources for finding coupons in 2024. Look for them on websites like Ibotta, on product packaging or receipts, and in-store coupon inserts. Many stores also offer digital coupons that can be loaded onto your loyalty card for added convenience during your shopping trips.

The key to extreme couponing is not to take advantage of just one deal but to take advantage of multiple deals at the same time. By stacking the deals available to you, you can get great prices on items.

It's self-centered. Extreme couponers, in their quest to get everything for nothing, do not think twice about anyone else's time as we stand in line behind them. Consideration for others disappears when the extreme couponers is focused on the adrenaline rush of beating the system.