If you like the thrill of couponing, there are other ways to turn saving money into a game. One of my favorite ways is to do no-spend challenges with family and friends. You give yourself a timeframe, like a week or month, and try not to purchase anything during that time. In the end, couponing can sometimes be good for you, and other times it may be financially hurting you. Join the free email course and f inally learn how to manage your money better, pay off debt, save more money, and reach financial freedom. Get our newsletter and get access to the freebie:. Michelle is the founder of Making Sense of Cents , a blog about personal finance and traveling.

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Great post! Pointing out the psychology behind couponing is so important, thanks so much for sharing!

I once couponed hard. My family was struggling with money and couponing was the one way I could contribute to the finances at the time. So I took it upon me to learn how to do it right, not like in the show, where you see them buy bottles of mustard or bbq sauce haha. Anyway, I can honestly say I saved tons, but it took me a while to get over the thrill of saving, and start getting just what we needed without over doing it. I rarely use coupons anymore, mainly because it is time consuming, and I need my time to work on my blog so I can contribute to our family finances with extra income, and not just savings.

So, I agree with you. Coupons are an amazing way of saving money, but they can also hurt you, if you get carried away. Michelle, this is a great article on couponing. Yes, I use coupons often to save money, but I do agree with you that coupons can sometimes cause me to spend more than I would have spent if I did not have a coupon. I still do it occasionally but I am very careful. Other times, the coupons will be right on the package in the supermarket, and I will forget to use it in the checkout line.

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Michelle, this is such an insightful article. I have couponed for the past 18 years. I have a small stockpile and am okay with that. I only get things to add to the rotated stockpile when they are free. It is not realistic at all. I know someone who has been on a reality TV show and she confirmed that most stuff is made up to keep it interesting or why would you watch? I have slowed down on couponing in stores because a lot of doubling has went away, sales are not as good and coupons are not as good. Great post. I still look at them, but I only use the ones for items I genuinely need.

Thanks for the great article, Michelle. You have some really good points about the true costs of compulsive couponing.

I recently wrote an article on this topic on my own blog too. Coupons and sales are great technique to get customers through the doors to start spending money impulsively. Even buying just one unnecessary item usually completely eliminates any savings from using the coupon in the first place. I find that avoiding coupons and sales is a great way for me to drastically reduce impulsive buying in favor of a more intentional way of spending.

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Is Couponing Worth It? Are You Wasting Money When You’re Trying To Save?

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