Coupons and Groupons: Are They Really Saving You Money?

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Ever since we’ve started our efforts to stop spending money, pay off debt, and save money, I’ve been looking through coupon websites and signing up to get the latest Groupons and all of the latest deals and steals.  So, for the past couple months, my inbox has been full of newsletters and information letting me know where the deal is at.  Sometimes, it’s hard to resist those “deals.”  I mean, who can resist anything when it’s 50-75% off?  And, what if it’s 100% off?  I’m serious!  Sometimes, there are deals that are 100% off and all you have to pay is shipping.  The deal says, “Absolutely free!” and in small letters at the bottom, it states that shipping is not included in that “free” statement.

Needless to say, I’ve given in to a few of these “deals.”  I’ve clipped coupons and redeemed coupon codes, and taken advantage of the latest sales and clearance prices.  I’ve gotten the latest Groupon and Plum District deals and steals.  I have even fallen for the 100% off on something I really didn’t need.

So, I asked myself, “Why would any business give something away for free or for so little?”  That question lead to another question.  “What is the goal of every business?”  And, the answer to that of course is to make money.  The goal of every business is to GET YOU TO SPEND MONEY on their products or services.  What is MY goal?  My goal is to SAVE MONEY.  But, not in the sense that I’m saving 50-75% on something I don’t need.  I want to really SAVE MONEY in that I can see it in my savings account, or I can see my debt decreasing.

So, I’ve decided that there will be no more coupons or Groupons UNLESS I can use a coupon or Groupon for something I NEED.  I will not get pulled into a good “deal” just because it’s a good “deal.”  I will only look for specific coupons and Groupons that will help me save money on things I have already determined that we need.  So, whenever I go online to order something we NEED, I will order through if I can and go to and find coupon codes for those things that I NEED and ONLY what I NEED.  I will unsubscribe from newsletters and mailing lists that tempt me to get the latest deal or steal.  I will not buy something unless I have already determined, BEFORE finding the coupon or Groupon, that we NEED whatever it is.  I will STOP SPENDING and SAVE!

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