This past fall I bought a coupon book for $20 that has over 500 pages of coupons in it. The coupons range from restaurants to ski hills and cover virtually everything in my city.
The problem? After a quick scan of the book it turns out there are only 3-4 coupons I would actually use. Sure, there were a few coupons for items I would like to buy – but we are trying to decrease our expenses so I mainly focused on coupons related to things we need to buy like groceries, clothing and fuel.
As I was scanning the coupon book I thought to myself – surely there has to be other people in the same situation.
The solution? Coupon trading.
How it Works
After browsing online classifieds sites like Craigslist and Kijiji, I noticed there were numerous other people looking to trade coupons. The coupon book I bought (SUTP) comes out every fall, so I would assume fall would be when most people are looking to trade.
I contacted them by replying to their ads, gave a list of coupons I was interested in and we traded via regular mail.
Sure, there is always risk associated with giving out your home address online. But I figured it wouldn’t be nearly as bad since I also had the other person’s home address.
Within a couple weeks, I was getting mail every day with coupons that I actually wanted. In exchange I was giving up coupons I would never use.
All correspondence is done online which means you don’t have to live in a large city to trade coupons. People in rural areas can also trade coupons – all you need is an internet connection, envelopes and stamps.
The $20 coupon book ended up saving me almost $300. The coupon book has paid us back almost 15x – not a bad return on investment!
The best part is that the savings are all related to things we regularly buy (mainly groceries). We have been able to reduce our monthly expenses – in $5 increments at a time.
Next year, when the new edition of our city’s coupon book comes out, I definitely plan on buying one again and will trade coupons with others to reduce our grocery bill.
Other Ways to Find Coupons
I’ve noticed there are quite a few coupons available on eBay as well. They are usually sold in ‘lots’ and are bid on by others. Prices depend on the number and type of coupons but most sell for $10 or less.
Before buying the large coupon book, we never considered paying for coupons. But as we aim to reduce our monthly expenses, it is definitely something I would consider in the future.
I used the Entertainment Book to save hundreds more in other categories as well.
Click here to get your 2014 Entertainment Book and start saving big using coupons in your own area.
Sites like smartcanucks.ca, save.ca and redflagdeals.com also have coupons available for print.
Conclusion: I traded coupons and turned a $20 coupon book into almost $300 of savings, which has helped us decrease our monthly expenses on things that we regularly buy.
Have you ever traded coupons? What were your experiences like?
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