Saving 101 6 Coupon Myths Debunked Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint.com Published Sep 27, 2010 3 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. photo: dmdonahoo The average coupon user in America is college educated and at least 24 years of age. With more people tuning to coupons to help lower their grocery bill, there still remains a certain stigma when it comes to coupons. Let’s bust the top six myths about coupons. 1. Collecting coupons is too time consuming Wrong! A decade ago, when coupons were only available in your local Sunday paper, that very well may have been the case. Coupons today are everywhere and you almost have to go out of your way to avoid them. No longer confined to a once-a-week paper, you’ll find coupons in all of these locations:====>Online====>Magazines====>Daily papers====>Manufacturer’s websites====>On the back of receipts====>On coffee cups====>On fast food packaging====>In your email====>On your cell phone====>and more! 2. People who use coupons are cheap False. Cheap equals living off ramen noodles each day, everyday, whereas mindful consumers know that they can use coupons and eat like a king. Taking advantage of the fabulous offers that manufacturers put forth allows you to save money with coupons so that you can spend those savings on things you really enjoy, like going to the movies or taking a vacation. 3. Coupons only help to save you money on processed foods Not true. While you will find an abundance of coupons that cover the purchase of processed foods, you will find just as many coupons for bagged salads, frozen vegetables, diapers, cleaning supplies and lean meats. The beauty of using coupons is that you only have to clip and save those coupons that you want and will use. 4. Generic products are cheaper than using a coupon on name brand items Untrue. While in some cases it may be less expensive to go with a generic item, that isn’t always the case. Many times you’ll actually save more money when purchasing the name brand item if you combine a coupon with in-store specials or shop on double coupon day. The key to savings is in comparison shopping. 5. You’ll only save with coupons if you go to multiple stores False. Even in remote areas, your local grocery store offers bargains that can be made even better by using coupons. And while you may save a few cents not purchasing cleaning supplies in the grocery store, you’ll eat those savings in gas to drive to the warehouse club after leaving the grocery store. 6. Dollar stores are cheaper than grocery stores Not true. There are very few actual dollar stores left that offer products for $1 or less. Most dollar stores are priced similarly to your local grocery or hardware store. Once again, it’s important to comparison shop. If you find that some items are really less expensive at the dollar store, by all means you should take advantage of those savings. In many cases though, using a coupon and reaping the rewards of specially priced items at your grocery store is really cheaper than your neighborhood dollar store. Busted! 6 Coupon Myths Debunked provided by SaveBrite.com. Previous Post 10 Things It Makes Sense to Splurge On Next Post A Credit Union Bailout: What Does It Mean For Consumers? Written by Mint.com More from Mint.com Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance