Not Clipping Coupons? You Could Be Missing Out On Thousands In Savings Yearly

Every year, there are billions of dollars of coupon savings available in the U.S. market. Of those billions of dollars, shockingly few end up actually being redeemed. In fact, it adds up to an average of around $11.60 per person.

Not Clipping Coupons? You Could Be Missing Out On Thousands In Savings Yearly

If you are not clipping coupons, you are seriously missing out. You could be saving a lot more than $11.60 per year – in fact, you could be saving thousands of dollars per year.

Many people do not realize this, but the average couponer is not poor. People who live in households bringing in $100,000 or more in annual income are twice as likely as those in the under $35,000 bracket to use coupons. The average couponer is also well-educated; university graduates are twice as likely to use coupons as those who never graduated from high school. This is because they realize how much those cost savings could amount to.

So if you have your eyes on early retirement, coupons are a great way to get there faster. You could save in excess of $2,000 per year, and those savings could compound tax-free if you invest through your 401k. To find out more about the surprising identity of the average couponer and how much they save, check out the infographic below – and happy couponing!

Via: InvestmentZen.com

Dawn McAlexander: Dawn is a full time writer and content creator. Besides Cheap Is The New Classy, she also owns and writes for EatPlayRock.com, an entertainment site. Her interests include traveling, attending music events, DIY projects and reading. Dawn has a B.S. in Psychology and currently resides in North Carolina with her husband, Kenny, their dog, Marley, and their cat, TJ.

View Comments (17)

  • I don't clip coupons. I don't have the time or motivation, but my mother in law is the QUEEN of coupons :)

  • Couponing is great no matter how much money you make. Everyone loves to save money, especially on groceries.

  • My husband loves to save coupons and try and get deals on things. I think he saves but it is a gradual process and you need patience. Thanks for the info I will look for more coupons to save money.

  • I use coupons and I am not ashamed to do so. It does help me save money which I can use for other bigger stuff, like a future room renovation, or maybe a few extra days vacation. It is sad to know that there was that much money that was left unclaimed/unused.

  • Some of these stats are so surprising! I definitely love my coupons and try to save as much money as possible.

  • I am always looking for ways to save money. There are so many great apps out there for coupons. It makes it a lot easier to use them.

  • I just don't understand people who refuse to use coupons. It's so easy and you can save so much money!

  • Since coupons are now on phones and apps even my husband is on board and does the coupon thing. He is almost better at it than I am.