Rich or Poor, Americans Are Looking for a Discount

Photo (cc) by eflon

Do you equate coupons to dollar bills? Do you leave a store beaming with pride when you’ve saved yourself a few bucks while shopping?

A new survey found that 4 in 5 consumers say they would use smart shopping techniques – like clipping coupons or shopping on the clearance rack — regardless of whether they were rich or poor. The survey was conducted by online coupon destination RetailMeNot and All You magazine.

According to RetailMeNot:

During the recession, many of us began using smart shopping techniques out of necessity to save money. Now, years later, frugality has become mainstream as people have developed a greater awareness of the money-saving tools available to them.

Here are a few more findings from the survey:

  • It’s cool to save a buck. We look highly upon people who find good deals when shopping, describing the behavior as “economical,” “thrifty,” or “practical,” rather than “cheap” or “frugal.”
  • Saving is hard. Nearly 7 in 10 survey respondents said it’s a challenge to save in today’s economy. About half of consumers said they don’t have any disposable income to sock away, and 12 percent said they don’t know how to start saving.
  • Anything for $5,000. What would you be willing to give up for a month in exchange for $5,000? If you’re like a lot of people (46 percent), you’d give up pretty much anything that you enjoy. “Some of the activities people would trade for the money are watching television (79 percent), sex (83 percent), caffeine (85 percent) and email (85 percent),” RetailMeNot said.

Like most of those surveyed, I am thrilled when I find something I want or need to purchase on sale or clearance. Saving money while shopping can be exhilarating. It’s rare that I buy anything, other than many food items, for full price. I love getting coupons texted directly to my phone. That way I don’t even have to remember to bring coupons with me.

What money-savvy saving techniques do you use when you shop? Share your comments below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
17 Amazon Finds Under $20 That Will Organize Your Life

We’ve rounded up must-have products to help you get your ducks in a row.

How to Get Rid of 6 Hard-to-Sell Things

Find out where to sell, donate or recycle items — and feel good about it.

7 Steps to Keep Your Car Looking Like New

Take a few steps to preserve the beauty of your car, and you stand to get a lot more money at trade-in time.

30 Purchases That Will Start Saving You Money Immediately

Sometimes, you’ve got to spend to save. These canny deals are a good bet for savings.

11 Home Upgrades With the Best Payback in 2020

The home remodeling projects that deliver the best bang for the buck tend to have one thing in common.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

8 Tips for Retiring Comfortably on Social Security Alone

It’s never too early to start learning how to live well while living on less.

Am I Eligible for My Mother’s Social Security Benefit?

Can an adult daughter tap into her late mother’s benefit?

11 Generic Products You Should Buy at Costco

Not all generics are worthwhile, but these are among the best from Costco’s Kirkland Signature brand.

9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

This Surprise Factor Can Raise Your Risk of Dementia

Nearly half of U.S. residents may face this threat.

Organize Your Home With These 10 Thrift Store Finds

Resolve to be clutter-free in 2021 with these secondhand purchases.

This Gas Station Scam Is Victimizing More Drivers

For the second straight year, a growing number of Americans believe they’ve fallen prey to this scam.

11 Laws You Could Be Breaking Without Knowing It

Seriously? Fibbing about the weather is a crime? This and other little-known legal traps await the unwary.

The Next 5 Groups Who Will Get the COVID-19 Vaccine

The CDC has unveiled a schedule that likely will determine who gets the next doses.

These Are the 3 Best Used Cars You Can Buy

These vehicles boast reliability, safety and long-lasting value.

6 Legal Documents Retirees Need — but Don’t Have

Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.

13 Things Seniors Can Get for Free — or Almost Free

There are many ways to get cheap or free services and goods after reaching a certain age.

15 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

Internet Providers Can’t Charge You for This Anymore

Starting this month, your ISP no longer can bill you for this fee.

Can a Divorced Widow Claim Her First Husband’s Social Security Benefits?

The rules are complicated when it comes to eligibility for survivors benefits.

9 Small Expenses That Are Bleeding Your Budget Dry

Keep more of future paychecks by eliminating these budget-busting unnecessary expenses.

15 Painless Ways You Can Cut Costs in 2021

Follow these tips to save, so you’ll have money for things that really matter.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.