Sometimes we tell people to think of couponing as a part time job. A stay at home mom or dad's way to contribute to the family income.
Brett Arends from the Wall Street Journal did the reasearch and it turns out that............
1 hour spent clipping coupons can yeild $100 in SAVINGS!
Couponing is popular. Didn't you know? According to Arends report coupon redemption is up 27% from last year.
There are still many who feel that couponing is not worth it. Well yes it takes a little work and preparation. Did you know that 1 minute of coupon preparation (clipping, organizing, deal hunting, shopping) is worth $1.44. So 10 minutes is worth $10.44 of savings. This would give you an hourly rate of $86.40 tax free.
I contacted Arends to let him know how much I loved his example of how 1 hour of couponing can save you more than $100 and hour. He let me know that I could read more about it in his book, "Storm Proof Your Money". So I have included an amazon link in case you want to read more about how to Weather Any Economy, Rebuild Your Portfolio, and Protect Your Future!
If you want to earn/save more than $100 per hour working from home, you better start here with couponing 101!
gift
5 comments:
You know how people say "time is money" and couponing takes too much time? It's not like if I wasn't couponing I would be getting paid to be doing something else during that time!
And other the other hand, the time spent doing it literally is money, kept in my bank account!
I agree AJ! If i wasnt couponing I wouldnt be doing anything else either. Even I wanted to get a PT job, ty finding one that pays even $10/hr in this economy!
$86 per hour sure beats my Idaho teacher's salary that I gave up this year to stay home with my new baby. Sooooo worth it! (and not just because I get to snuggle a chubby monkey all day!)
I agree with others though, my job isn't making money, it's making money go further.
I recently got a new part-time job that I really wanted, and my husband and I were having a discussion about how I was going to balance everything (I am still basically a full-time SAHM, and I already had two part-time jobs [online, from home], and then the couponing thing). Well, we figured out that I "made" more money (by quite a bit) by couponing than I was making at one of my jobs, and coincidentally, it was the one job I don't like...so my husband urged me to quit that job and spend the time couponing. Such an understanding husband! But, seriously, I used to think it wasn't worth it, too, but I have changed my thinking completely these past couple of months.
Glad you were able to get around to posting this :) It is an awesome article
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