What is stockpiling you ask? Stockpiling is getting several of the same item when it is at rock bottom prices and when you also have coupons to go along with it. Stockpiling items at these lowest prices means you will never have to pay full price again. When you stockpile at the right time, you can have multiples of the same item for less than the cost of what one would normally cost you.
How to start a stockpile:
1. Take an inventory of the items you and your family use (food, drinks, shampoo, toothpaste, toilet paper, pet food and supplies, cleaning supplies).
2. Try to determine how much you and your family will use in a month, six months and a year. This will give you a guide of how much you should stockpile.
3. Watch for sales on the items you want and also watch for coupons for the same items. Don’t be brand loyal! Normally when a new item coupon comes out, you will have a sale on that same item within a few weeks, so don’t jump the gun and use your coupons right away.
4. Once you have your coupons (obtain multiple copies from friends, family or getting extra papers) and your items are on sale you then use your guide of how many your family will use for a month, six months and a year. Beware of perishable items and don’t overstock on them. Non-perishable items like paper towels, laundry soap, kleenex…get as many as you can at rock bottom prices as long as you can find storage for them.
5. Learn the sales cycles for certain items. Some items will go on sale once every few months, while others only once a year. Learn these cycles to help you decide how much you need to get before the next big sale comes.
Rules for stockpiling:
1. Don’t wipe our store shelves. Many stores will now be more than happy to place a special order for you. You are also helping the store when you place a special order by alerting them to a potential deal.
2. Don’t get more than you will use or give away. There is a difference between stockpiling and hoarding. If you can’t use it all or don’t give it away before it goes bad you are hoarding.
3. Rotate your stock. Even with non-perishables you want to rotate your stock. First in first out (FIFO) is the way to go. This ensures you are not letting items expire.
Now you have a stockpile, where do you put it all?
You can get very creative with storage. Even people in apartments can have a massive stockpile if they just get creative. Under beds, in closets, in garages, even in attics and basements are all great places for your new “home store.” I don’t keep food items in my garage due to the excessive heat we have in Texas, so keep things like that in mind.
Now that you have your stockpile established use it. Shop from your own “home store” when you need items instead of running to the store. Work your meal planning around what you have stocked. By doing this you will spend less time (and money) shopping and will be saving money by utilizing what you have on hand. With the extra money you save you can then use it on the items that you don’t find coupons for very often, like produce and meats.
For more tips on stockpiling, check out the Hot Coupon World thread HERE.
Erin is a single mom of 3 girls and turned to couponing after her divorce. She was able to maintain her same lifestyle, by couponing and stockpiling items, as she had before the divorce. By saving money on everyday items it gives them the extra money they need for all the extras in life including college and vacations. She blogs at JANE4girls $800 Annual Budget, and she also runs the Super Saver blog for ABC Channel 13.