When Extreme Couponing Might Not Work for You

Published on Sep 26 2011 // Written By // Personal Finance

One of the most recent trends is stockpiling, as seen on extreme couponing shows and blogs. The idea is that you stack coupons, buy on sale and get multiples of everything in order to save money in the long run. You buy a larger quantity now, and then stockpile it. Later, when you need something, you can then just go to your stockpile, instead of going to the store. Over time, you save money.

However, this type of couponing isn’t for everyone. Here are some reasons that extreme couponing might not work for you:

You Don’t Have the Room

One of the biggest reasons stockpiling might not work for you is that you might not have the room for it. There is only so much physical space you have in your home, and building a huge stockpile might be out of the question. You might be able to build up some amount of storage, but a massive stockpile might not work for you. Consider how much room you have, and then go from there.

You Don’t Have the Cash

Over the long haul, extreme couponing is supposed to help you save money. However, it takes quite a bit of money up front to build up a stockpile. If you spend three to four months building a stockpile, you might have to spend anywhere from $1,000 to $4,000. Do you have that kind of cash right now? Once you spend that money up front, your costs will diminish throughout the year, as you go through your stockpile. However, you need to have some capital at first. If you don’t have the capital to build a big stockpile, you can still be a savvy shopper and save money on your purchases.

You Won’t Get Through it Fast Enough

Some extreme couponers have enough to last them years. However, what happens when something expires? Will you go through your stockpile soon enough? If you are going to end up with spoiled food, it doesn’t really save you in terms of food costs. You want to make sure that you will be able to use the items in your stockpile before you create a huge one.

Bottom Line

While some people enjoy extreme couponing, and stockpiling works for them, it isn’t for everyone. In some cases, you are better off looking for sales, shopping around, and considering your options. You can still save money on various purchases, but without needing the room or capital to get started.

Image Source: frugalferret.com



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About

Miranda is a journalistically trained freelance writer and professional blogger working from home. She is a contributor for several personal finance web sites. You can also find her at The AllBusiness Personal Finance Corner

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