Archive for August, 2011

August 30, 2011

Extreme couponing is an extreme waste

by Robyn

I’ll be the first to admit it, I’ve watched Extreme Couponing a few times on TLC. I can’t help myself. I am drawn to nearly every form of your stereotypical bad tv. Wedding shows, design shows, having abnormal quantities of babies shows, weird jobs, hoarding,  addictions, you name it, I probably watch it. I don’t follow these shows regularly but if I can’t find anything else to watch, it’s almost a given I’ll end up watching the newest episode of Hoarding: Buried Alive, or Intervention or what have you.

When is comes to watching Extreme Couponing, I can’t help but be in total awe and disbelief. What these people are able to achieve is without a doubt, impressive. Although these people clearly have compulsion issues (see image below), at least they are channeling these urges into something positive. I guess? Sort of?

Seeing the insane stock piles amassed by these individuals just leaves me stunned. Does any single family household really need hundreds of tooth brushes? Or boxes of deodorant, body lotion, soap, etc? Who needs 40 bottles of relish? 100 cans of soup? 50 bags of chocolate chips?

Beyond bursting at the seams, how much of these massive collection will still be good 5 years?

On a cleaning kick last night I started going through my fridge and pantry, throwing out everything that’s expired. I moved into my apartment in February of 2008, so anything in my apartment, food wise, is no more than 4 years old. Until recently I never knew how quickly, even canned goods went bad.

This is a short list of what I threw out:
butter (I didn’t even know butter could go bad)
4 cans of soup (2 years expired)
3 bottles of salad dressing (1 unopened)
an almost-full bottle of corn syrup
hot sauce
plum sauce
molasses
lime juice
bbq sauce
baking powder

What on earth are these extreme couponers doing hoarding these ridiculous quantities of food products? Is your family of four really going to eat ALL of that food before it expires. Not likely, unless you are going to eat a bowl of soup with instant mr. noodle on the side every day for a year. For a kick of flavour, add some relish? You’ve got 40 bottles. Why not have a bag of chocolate chips for dessert? And just throw your toothbrush away after using it. You’ve got another 1000 to last you for the next 3 years.

I get it, these people “buy” these items in mass quantity because they can. The high. The thrill. The rush they must get knowing their walking out of a store, legally, with hundreds of dollars worth of product that they didn’t pay a cent for. But seriously? Why are you spending 40 hours a week searching for coupon deals so you can stock up on food that will likely expire before you can consume all of it?

I’m feeling pretty bummed knowing that I just threw out probably $50 worth of expired food. I don’t have the patience to coupon. Plus it’s a lot harder to coupon to the extreme in Canada because our stores don’t “double up” deals like they do in the states. I will admit since watching this show I have learned some really important things that I can apply to my personal spending habits. Such as, as good of a deal as it may be, don’t stock up on unnecessary quantities of items that have an expiry date. And a LOT of things have expiry dates. Even if it’s free, it always makes me sad knowing something is going to waste.

From now on, I’m going to be more selective when buying items to stock my fridge and pantry. I’ll ask myself  “If I buy this will I use 10% of the product before it goes bad and I have to throw it out?” If the answer is yes, I’ll spend the money to drive out to my parents place to “borrow” some from them. Or I’ll be a little less anti-social and introduce myself to my neighbours to borrow a cup of _______.

Since the debut of this series, these “extreme couponers” have been getting quite a bit of media coverage . You can find a few amusing, and kind of ironic news stories here and here.

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August 10, 2011

Surpassing a savings milestone

by Robyn

As soon as my 2006 Pontiac G6 was paid off in mid-May (2 weeks earlier than I expected) I concentrated putting my extra cash into my “RTW TRIP” savings account.

My savings account, an RBC High Interest eSavings account was first opened in March 2010. My starting balance was $4103.49. Apparently I’m really good at pulling money out of thin air, because I don’t know where this money came from. The account number associated with the deposit transfer doesn’t actually match any of my existing bank account numbers. Weird?!

My goal, at the time was to save $10,000 by Christmas, quit my job and travel the world. However, at the time I was already $2300 in debt, with an upcoming 10-day trip 2 months down the line, and I desperately wanted to purchase a new car. My Nissan, to say the least, was a “piece.” Random things would literally fall off of my beloved first car.

In May 2010, I started a new job and went on my 10-day trip to New Jersey. Over the course of the summer and fall, I paid off $2600 worth of debt, and put $2168.06 into a separate savings account for a down payment on a new car.

To say the least, my goal of saving $10,000 by Christmas didn’t happen. By December of 2010, I had saved an additional total of $745.89 towards my big trip.

But with my new car miraculously being paid off in the time frame that it was, I have been able to focus my attention back to saving, rather than paying off debt. Between my two jobs and just being cheap in general, I’ve been able to put away minimum, $500 a month.

Yesterday, I surpassed $7500 in my savings account.

At the present time, I have no official savings goal, other than to save. At first I thought that $10,000 was reasonable. But since I’ve been able to save $2500 in an exceptionally short amount of time, I know I’ll be able to far exceed that amount by this time next year.

I’m taking the summer off from excessive saving (and working). Instead I’ll be enjoying life, taking advantage of summers free festivals, my boyfriends pool, and escaping to the family cottage. I need the practice for when I’m on the road.

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