Just who are using coupons the most? You'll be surprised!

[$Saving!]

Interesting article, but more interesting is the graphic that shows coupon use per household income level.

It's intuitive to think that lower income households would be more interested in using coupons to save money. But alas, it isn't so!

Coupon Use Is On The Rise [Infographic]


Then again, my father was one who always made his money work for him, investing it, saving it, making it give HIM a return. Maybe that's why he accumulated the wealth he did and maybe that's why I'm so frugal like he is

[n2save]

I'm a very generous person - so i don't like this saying , but i guess it is a fact.

Someone said ( i'm trying to translate from another language ) " if you beg money- don't ask the rich, because if they were sharing their money, they wouldn't end up being rich, so - if you beg, ask the poor like yourself :)

[$Saving!]

Originally Posted by n2save I'm a very generous person - so i don't like this saying , but i guess it is a fact. Someone said ( i'm trying to translate from another language ) " if you beg money- don't ask the rich, because if they were sharing their money, they wouldn't end up being rich, so - if you beg, ask the poor like yourself :)

I'm more of the mindset of 'teach a man to fish...' - in other words, help those who need it by teaching them how to do what will save them the most.

Giving someone something once doesn't help them the next time they need help, but teaching them how to save helps them forever

[coupondink]

This is a very interesting article! Thanks for sharing! I am quite surprised to see the results, but it makes sense. The wealthiest folks I have met in my life (Suze Orman, Dave Ramsey, etc) get that way by being frugal and SMART. Suze Orman has a tv show, writes for numerous magazines including O, does speaking engagements...the lady has money. But she always points out that she owns one pair of good quality gold earrings her whole life. Hmm.

As the writer hypothesized....

"Another consideration is that perhaps the reason that the wealthy become affluent is due to their frugal habits. The discipline involved in clipping coupons, and taking advantage of savings, might be part of what leads to the ability to save money and build wealth. It is something worth considering before you poo-poo coupons as not worth the effort."

Coupons ARE worth the effort. But WE all knew that already, that is why we are all here, right???

[$Saving!]

Originally Posted by coupondink This is a very interesting article! Thanks for sharing! I am quite surprised to see the results, but it makes sense. The wealthiest folks I have met in my life (Suze Orman, Dave Ramsey, etc) get that way by being frugal and SMART. Suze Orman has a tv show, writes for numerous magazines including O, does speaking engagements...the lady has money. But she always points out that she owns one pair of good quality gold earrings her whole life. Hmm. As the writer hypothesized.... "Another consideration is that perhaps the reason that the wealthy become affluent is due to their frugal habits. The discipline involved in clipping coupons, and taking advantage of savings, might be part of what leads to the ability to save money and build wealth. It is something worth considering before you poo-poo coupons as not worth the effort." Coupons ARE worth the effort. But WE all knew that already, that is why we are all here, right???

Another excellent example of someone living frugally would be Warren Buffett. The richest man in the USA still lives in the home he bought in 1958. He's not given to impulse purchases, except buying companies he feels have life left where others have taken them off their radar screen

There is something to be said for being frugal in day to day life, all the while amassing a nest egg with money that wasn't spent to impress visually.

How many times do we read about those in sports or music or of hollywood fame who make their fortunes and lose them because somewhere along the way, they either were never taught the value of frugality or lost it in the bright lights of 'stardom'? Too often.

Lessons we have learned from our parents or that we teach ourselves concerning minding the pennies is a lesson that never goes bad, in other words, it should never change just because one has "arrived" financially.

That arrival happened because of being frugal, not in spite of it. Most times anyway, unless one has inherited that wealth or won it through some game of chance. And just as having wealth come to you through luck or heritage, it comes quickly and can be gone just as quickly, were it not for a fixed mindset that living frugally has greater rewards long term than the flash in the pan new car, jewelry or other trappings of what some consider wealth.

My Dad is my hero, my Mother my heroine (God rest her soul) as they instilled within me the long term vision of having for tomorrow built out of what I have today.

[mzbeers]

Thanks for posting this article, I find it very intersting. I am a low income coupon user, and wonder why more low income people don't use them. It just doesn't make sense. I hear lots of excuses, I don't have time, it's not worth the time/effort....ect. I just continue doing what I'm doing, because it helps me and my girls survive, we rarely have to go without most of the necessities of life.

[3beeboys]

Originally Posted by n2save I'm a very generous person - so i don't like this saying , but i guess it is a fact. Someone said ( i'm trying to translate from another language ) " if you beg money- don't ask the rich, because if they were sharing their money, they wouldn't end up being rich, so - if you beg, ask the poor like yourself :)

Wow, that's a judgmental comment. Many people who are wealthy are also very generous. They just don't tell you about it. And many people are wealthy got there through hard work, sacrifice, and helping people along the way. You reap what you sow.

[3beeboys]

Originally Posted by $Saving! Lessons we have learned from our parents or that we teach ourselves concerning minding the pennies is a lesson that never goes bad, in other words, it should never change just because one has "arrived" financially. That arrival happened because of being frugal, not in spite of it. Most times anyway, unless one has inherited that wealth or won it through some game of chance. And just as having wealth come to you through luck or heritage, it comes quickly and can be gone just as quickly, were it not for a fixed mindset that living frugally has greater rewards long term than the flash in the pan new car, jewelry or other trappings of what some consider wealth.

Very nicely put!!

[momto8kiddos]

Originally Posted by mzbeers I just continue doing what I'm doing, because it helps me and my girls survive, we rarely have to go without most of the necessities of life.

YOU GO GIRL! It's so GREAT to hear from someone in the lower income group that gets the great benefits of coupon use.

[$Saving!]

Originally Posted by mzbeers Thanks for posting this article, I find it very intersting. I am a low income coupon user, and wonder why more low income people don't use them. It just doesn't make sense. I hear lots of excuses, I don't have time, it's not worth the time/effort....ect. I just continue doing what I'm doing, because it helps me and my girls survive, we rarely have to go without most of the necessities of life.

And that's just it, they are excuses most often. But I find that no matter who I talk to about coupons, if people want to save and improve their financial position, they're open to the concept and want to learn how to do it well.

It is a mindset of wanting to save and no matter the income bracket, if people can't think in those terms, they won't use coupons.

I've found friends in dire straights who HAD to save and can't believe what couponing has helped them do and I also have friends who don't need to but absolutely wanted to learn how.

I really think using coupons is an extension of a desire to be frugal, no matter where one is financially. You can't make someone become "frugal" thinkers unless and until they have no choice, and sadly, even then, some would never pick up a coupon, they would rather put their hand out to others instead.