I am often asked this question by a participant’s in my CVS 101 “Coupon Workshops“, “Why would I spend money on something that I don’t need?”
The simple answer is “to get something that you do need”. For example, let’s take the Breeze 2 Diabetes monitors below. Walgreen’s had the following promotion a few weeks ago:
FREE Crest Pro-Health when you buy a Contour Meter
Here’s my rule for purchasing items I don’t need- The benefit of my purchase must out way my out-of-pocket cost. If I can get more than one item for what I would pay for one then I am willing to give it s try.
Now back to the scenario
I bought (3) Breeze 2 Monitors on sale @ $14.99
(I had (3) save up to $30 off any Contour brand meter coupons from a Sunday insert)
Each coupon deducted the value of the meter less tax
$14.99 x 3 = $44.97
Tax on the (3) meters is $2.69
Here is the logic…
Crest Pro-Health is $3.69 ea.
$3.69 x 3= $11.07
Now I could either pay $11.07 for (3) Crest Pro Health
or $2.69 worth of tax on (3) meters
and get (3) coupons for (3) FREE Crest Pro Health (tax FREE)
$11.07 for 3 Crest Pro Health
or $2.69 for (3) meters and (3) Crest Pro Health.
Total for everything below before coupons: $233.45
Total after coupons: $6.57
Total saved: $226.88
In addition, each monitor had a mail in rebate that I submitted. I will get back a $14.99 refund for each meter since there is no per household rebate limit. That is a profit of $38.40