Don’t Cut Coupons

Many personal finance sources will tell you to cut coupons to save money on food. What terrible advice!

Whenever my wife Sally hands me coupons from the grocery store, I’m like “What is this?” I really can’t be bothered looking for product we have coupons for regardless of how short on cash flow we are.

I always grimace when I see people shopping around to a million stores and comparing a zillion products just to save €20 Euros. It’s like what is the point?

Spend your time doing something more productive. Instead of focusing on doing extra work to save money focus on how to make more money. That’s a much better use of time.

The time it takes to cut coupons and search out products that you have coupons for is time you could be using to make more money or time you could be using to work on an asset that will produce more income.

A little shopping around is fine, no sense in wasting money, but if you find yourself spending too much time on it your mindset might not be in the right place. You can’t save yourself to wealth.