Couponing 101: Know Your Rock Bottom Prices

Posted: 08/23/12 6:00 AM (Modified: 08/23/12 8:17 AM)

Everyone has seen those major grocery hauls on TV and of course, everyone wants to know how it's done. One major trick is to learn the rock bottom price of the products you buy. What the what? The rock bottom price.

Here's how it works:

Every item you buy has a retail price, a sale price and a rock bottom price. This is why you can walk into a store one week and think you're getting a great deal because the item is on sale then see it drastically reduced the very next week. Usually, the rock bottom price appears when a new display is coming, more product is about to show up or it is a seasonal sale like back to school. The only way you can determine what these prices are is to use a price a log.

A price log is very simple. Just take a sheet of paper and write out 10 or 20 items that you buy every week then, every single time you walk into the grocery store, write the price of that item down on the paper. You'll need to do this for 6 to 8 weeks. Yes, it's rather tedious but you'll suddenly notice the drastic price changes of your items and this will help you determine how low your prices can go and how long you need to stock up. Please keep in mind though, this does not apply to Walmart, use this method only for 'normal' grocery stores.

Once you find that rock bottom price, that is when you use your coupon then you stock up!

Last week, I shopped at a local grocery store and the Kellogg's cereal was at it's rock bottom price of $1.74. I had saved some coupons that I picked up from a recent display and they included $1.50/2 Kellogg's cereal coupons. I was able to score my cereal for only .99 per box! WOW! That is a deal!

Again, it's really not that hard to do, just track the prices, find the lowest price and then use your coupon. BAM! Instant savings! Even if you don't have a coupon, you'll at least know the rock bottom price and be able to stock up on that.

Check out the video below for more information and to see my recent deal: TV To Talk About | The Tulsa CW

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