Have you ever had that moment when you have dinner guests over and have prepared a meal but forgot an important condiment? (Hot dogs need Ketchup, right?) I know I have. Wouldn’t it be great to have a store that you can walk right into–without getting into the car? and not paying full price?
This is the idea behind a Stockpile. Maintaining a stock of items that you purchased at a rock bottom price (with coupons of course!)
An Example: Let’s say your favorite brand of toilet paper has gone on sale. You can snag this toilet paper cheaper than you have ever seen. On top of it, you have an awesome coupon that makes this a great price. Are you going to buy one? Of course not! In order to take advantage of this deal of course you plan to buy more than one. (as long as there are no advertised limits) Buying more than one will help you save money because you will not have to run to the store in the following weeks to purchase at the full price.
When I say buy more than one, I DO NOT mean:
Buying all of the stock (so no one else can take advantage of the deal)–this is also known as clearing the shelves
Only buy what you need to last your family 6-8 weeks. After this point–chances are there will be another sale on that particular product.
What are the benefits to stockpiling?
:: Not running out of items you use.
:: Skipping the store some weeks.
:: Plenty of meal options.
How do I recognize a stock-up price?
:: Pay attention to prices.
:: Build a price list.
:: Purchase coupons off a clipping site to really stock up.
:: Where are you going to store everything?
:: What types of items are you looking to stockpile?
:: How long would you like your stockpile to last? 3 month supply? 6 months? 1 year?
How much should I stockpile for my family?
:: Become familiar with what items your family uses on a daily basis.
:: Track your families favorite items. How much do you go through per week?
:: From there, you can figure out how much you could stockpile for 3 mos, 6 mos, even a year.
Figure out what you can spend:
:: Don’t buy too much too fast.
:: It takes time to build a stockpile. Be patient.
:: Figure out how much you can afford to spend on “stock up items” every week.
:: If you don’t use it (or all of it) one week, carry it over to the next week.
Pay attention to expiration dates:
:: Be careful not to overbuy for your stockpile.
:: Always put new items BEHIND current ones.
:: Go through your stockpile every six months and note the expiration dates.
Here are some examples of my “rock bottom” prices. I stock up for my family when I find items at these prices.
Chicken Breast Boneless/Skinless $1.70-$1.97 lb
Ground Turkey $2.50 20 oz. pkg.
Ground Beef $1.80 -$1.99 lb.
Hot Dogs .25
Chips: $1 a bag
Crackers: Free – .50/box
Yogurt .25 a cup
Cereal: Free -.50 box
Juice: $1 a bottle
Milk: This one is hard but I try not to pay more than $2.50/gallon
Canned Veggies: Free -.25
Salad Dressing: Free – .25
obviously these prices can not be achieved with out coupons and a sale. So this is why we use coupons
New to Couponing? Make sure to read more of my Extreme Coupon Series!