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I'm in Coupons Scholarship 2014. Entry-Samuel C.

Whenever there is a clearance sale, buy one get one free deal, or coupons offered people should go after each deal that they can get. Money doesn’t grow on trees and as much as people would like it too, it never will. Not everyone has a job that earns a large amount of money each year. With this information in mind one must think about what they need and if they can truly afford to spend money on what they want. Imagine having a job that only pays about $40,000 a year. You have a home, a wife, two children, and a car. Throughout the year you have to make various expenses such as paying the mortgage on your house, paying for your car each month plus any fuel you buy for your car. Let’s not forget about birthdays and holidays when your children ask for nice and most of the time expensive gifts. Not only will you have to pay for these things but you will also have to pay for necessities such as food at the grocery store and the water that is being supplied to your home. After all of these expenses how much do you really have left? Not much.

A note from us at I’m In:  We offer lots of  ways for you to save on groceries at I’m In!

Knowing that there are many people in the world with this problem, sellers sometimes create deals and coupons for people, which benefits both consumers and producers because the consumer will receive more at a cheaper price and the producer will bring in more customers to purchase their product. In this sense coupons are smart to use because they allow someone to get money off on a certain product and use the money they save for something else. At first it may not sound like much but saving $5 here and there can add up. In a single year there are fifty two weeks. If someone uses a $5 coupon twice each week then they are saving exactly $10 a week. Looking at the amount they saved in this short time may not seem like much but at the end of the year this person would have saved $520. Now imagine if they used more coupons each week for different products. Someone could then save even more money than $520. Possibly even a little over a thousand dollars if they are managing their expenses wisely.

Having this in mind when I go shopping I try to make sure that I am saving as much of my hard earned money as I can. Knowing that I have the potential of getting my dollars worth out of something doesn’t make me as hesitant when it comes to buying something. A few years ago I bought an IPad that cost around $550. At this price I began to ask myself if I really needed one of if I should be using that money for something else. After putting some thought into it I decided that an IPad could help me in several ways. However if I had been offered a coupon or some other deal for the IPad that would save me a considerable amount of money I probably wouldn’t have taken as much time thinking about if I really wanted it or not. Instead I would be thinking more about how I had a cool new IPad and had saved a ton of money in the process. Coupons are offered almost everywhere you look. Places such as magazines, newspapers, and websites all offer coupons for different products. When looking at these coupons I first decide whether or not the amount of money I would save is really worth the time it would take for me to go out and buy the product and if it’s actually a product that I want. In other words I compare my financial cost and my opportunity cost of using a coupon. Most of the time I will use coupons for products that I commonly buy such as milk or other food products. This is because food is a necessity that I need and if there is a way to save money on something that I know I will have to buy no matter what, I will take the deal. However if it is something that I don’t ever truly use such as hair spray then the coupon won’t interest me much since it’s for a product that I never buy.

Whenever there is a clearance sale, buy one get one free deal, or coupons offered people should go after each deal that they can get. Money doesn’t grow on trees and as much as people would like it too, it never will. Not everyone has a job that earns a large amount of money each year. With this information in mind one must think about what they need and if they can truly afford to spend money on what they want. Imagine having a job that only pays about $40,000 a year. You have a home, a wife, two children, and a car. Throughout the year you have to make various expenses such as paying the mortgage on your house, paying for your car each month plus any fuel you buy for your car. Let’s not forget about birthdays and holidays when your children ask for nice and most of the time expensive gifts. Not only will you have to pay for these things but you will also have to pay for necessities such as food at the grocery store and the water that is being supplied to your home. After all of these expenses how much do you really have left? Not much.

Knowing that there are many people in the world with this problem, sellers sometimes create deals and coupons for people, which benefits both consumers and producers because the consumer will receive more at a cheaper price and the producer will bring in more customers to purchase their product. In this sense coupons are smart to use because they allow someone to get money off on a certain product and use the money they save for something else. At first it may not sound like much but saving $5 here and there can add up. In a single year there are fifty two weeks. If someone uses a $5 coupon twice each week then they are saving exactly $10 a week. Looking at the amount they saved in this short time may not seem like much but at the end of the year this person would have saved $520. Now imagine if they used more coupons each week for different products. Someone could then save even more money then $520. Possibly even a little over a thousand dollars if they are managing their expenses wisely.

Having this in mind when I go shopping I try to make sure that I am saving as much of my hard earned money as I can. Knowing that I have the potential of getting my dollars worth out of something doesn’t make me as hesitant when it comes to buying something. For me coupons only influence my purchasing decisions when it is something I truly need or if it is something that I know I would use a lot such as the IPad that I bought.

A note from us at I’m In:  We can help you save on electronics at I’m In!

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