Calculating the amount of money you are saving by using your coupons and shopping smarter is a very important part of your coupon experience. If you don't know how much you are saving, how do you know you are saving?
When you first start using coupons to stockpile shop you should write down, or at least know what your monthly or weekly budget is for grocery shopping. If you know what the exact number is, that is great, you will be able to calculate some very accurate savings percentages. If you don't know the exact amount, that is ok too, you will still be able to calculate your savings.
Most of us know approximately how much we spend a month on groceries. I will use myself as an example. Before I started using coupons to stockpile shop, here is what a typical month would look like for my family of 3:
$350.00 to $400.00 >>One trip to BJ's every month for "big" items like toilet paper, diapers (when my little guy needed them :-), bulk salad dressing, bulk cleaning products, big packs of eggs and butter, big bags of frozen items, etc. $150.00 to $200.00>> WEEKLY trips to grocery store, ( I used to go to the closest one regardless of what sales were happening where) for every day items such as milk, bread, meats, cheeses, chips, cookies, pasta and sauce etc...essentially, everything else on my grocery list. $50.00 to $75.00 >>>Bi-weeky trips to department stores such as Walmart or Target for toiletry items like shampoo, deodorant, toothpaste, soap, laundry and personal care products, etc $1050.00 to $1350.00 >> Monthly spending on groceries!
WOW--I still am shocked when I see that in writing! It is amazing, that a small family of 3 (4 if you count our tiny little Chihuahua) would spend that much. Today, that number is absolutely horrifying to me!
Knowing what you spend now will give you something to compare when you track your coupon savings. Being able to see my savings on paper has always made me feel proud of my savings.
There are several Excel spreadsheets out there you can use. If you Google the term "excel spreadsheet coupon tracker" you will find more than a fair share to try out. If you are not familiar with Excel, you can just use a plain old pad of paper and a calculator!
Here's The Formula To Find Your Coupon Savings Percentage:
Saved ÷ Value = % Savings
Here's how to do it.
- SAVED> To calculate this number just look on your receipt! Most receipts these days have a line somewhere on the bottom that reads something like " Your Total Savings" or " Today You Saved" this is the number I call the "SAVED" number.
- VALUE>To calculate this number you add the Total you paid + The "saved" number (from above). This "VALUE" is the actual value of all the items you purchased.
- % SAVINGS> To calculate this number, just divide the SAVED amt by the VALUE amt, and that will give you your % SAVINGS
Lets use this receipt from one of my recent trips.
Using the formula above you would take $77.68 (the amount saved) and divide it by $79.46
(the Value of the items from adding the saved + total paid) and get 97.7 % savings.
This was a good trip for me. Most of my savings are between 79 and 100 percent, with an average of 85% savings. Far better than what I used to spend!
Now when I shop, it is 1 to 2 times a week, at several different stores, and always where the sales match up with my coupons for the best grocery stockpiling deals.
I spend, on average, about $200.00 a month now, or about $50.00 a week. That alone is a savings of $850.00 a month compared to what I used to spend. Once you do your math, I think you will agree, it is worth the time and effort to cut and sort coupons and everyone can do it!
I would love to hear from some of my readers. How do you calculate your savings? Do you use a spreadsheet or what tips and tricks might you want to share?
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