Posted
Aug 11 2008, 09:17 AM
by
Donna Freedman
A time-honored coupon strategy is to put aside the cash equivalent of whatever you saved. If you use two 50-cents-off coupons for peanut butter, put a dollar in a jar when you get home. Every so often, you put the "extra" money toward a specific goal, such as paying consumer debt, creating an emergency fund or saving for a down payment on a place of your own.
A dollar here and a dollar there definitely add up; ask the woman who saved $1,100 with coupons in a single year. But if you're not a coupon user, try this: Pay yourself for frugal hacks. Not only do you save money with the initial cost-conscious behavior, you get to keep the "coupon" savings in cash.
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