With the economy being the way it is, you’ve probably heard or seen how valuable coupons can be in helping you save money. So let’s go back to the basics and define what a coupon and the role it plays in saving you money so that you can get a better understanding of its value.
A coupon is a piece of paper (even though some coupons are now paperless) that entitles you to a specified discount or a gift on a specific product.
Now that you know what it is, let’s focus on 2 types of coupons you’ll be dealing with the most. A manufacturer’s coupon and a store coupon. A manufacturers coupon can be used at most stores that carry the specified product while a store coupon can only be used at that specific store…unless, they accept competitor coupons.
In order to receive your discount, you must purchase the indicated product(s) and give the cashier the coupon(s) to be scanned or entered. The amount indicated on that coupon will then be deducted from your purchase and/or be applied to your account (when applicable).
In future posts we’ll tackle how to use them, where to get them, what to do and what not to do when using coupons.
