Coupon Mom Looks at Ways to Cover Expenses In Order To Avoid Emergencies

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Mar 22, 2016, 06:15 ET

ATLANTA, March 22, 2016 /PRNewswire/ -- "With the Federal Reserve releasing statistics that state that forty seven percent of people would not be able to cover an emergency expense costing $400 without having to borrow the money or sell an asset, 'the need to find new and innovative ways to stretch the family budget is important," says savings expert Stephanie Nelson, founder of CouponMom.com.

Worse still, the Federal Reserve reports that twenty percent of people they spoke to were spending more money than they earned, over the twelve months prior to the survey. "Financial stability is a real problem for many families; people are just trying to make ends meet and that's a struggle in the current economic climate. However, it is possible to save more in the family budget with some minor changes to the way we grocery shop. There are some fantastic free resources online to make real savings easy to achieve. In fact, our members tell us they can save $125 a week on groceries alone," says Nelson.

The suggestion that technology can play a significant part in saving money on grocery shopping is backed up by recent news from The National Supermarket Association (NSA). The NSA is launching a new couponing incentive called dCoupon that allow supermarkets to accept coupons using customer's cell phones. "This means that a whole new market has now opened up and allows very busy shoppers to take advantage of more coupon savings. While not everyone has access to a compatible cell phone and we know our members still actively use paper coupons, any technical development that can help a family save money is welcome," states Nelson.

While taking advantage of websites that list the best grocery deals each week like CouponMom.com and strategic couponing is the way to really save money on grocery shopping, if that is too complex for busy shoppers, it's possible to save with simple strategies that take very little effort. Nelson says, "The trick is to plan meals around weekly bargains, go into the store with a carefully-planned list, only buy what you will use and switch to sale-priced brands. You will likely find that other brands are comparable to your routine brands, and going with the sale-priced alternative will have the most dramatic impact on your overall grocery spending."

World Food Day reports that food waste in the US equates to 20 pounds of food per person, per month. Nelson offers some additional sage advice: "Many people don't think twice about throwing food in the trash, but they would think it was their lucky day if they found the equivalent amount of cash on the floor. For those looking to cut back on their grocery bill, using food before it expires is the easiest way to save real money." Find out more at http://www.couponmom.com and view printable coupons at http://www.couponmom.com/printable-coupons-242

Stephanie Nelson is the Coupon Mom. Her web site, http://www.CouponMom.com - has 7 million members, and she is established as the nation's top expert in couponing across the country. Stephanie has been on every major national television talk show and taught millions how to save money for the past 13 years. She has been called '"the rock star of the recession" by the Washington Post and her book, The Coupon Mom's Guide to Cutting Your Grocery Bills in Half, is a New York Times best seller.

Statistics and Sources:
http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdf

http://www.prweb.com/releases/2016/03/prweb13276927.htm

http://www.worldfooddayusa.org/food_waste_the_facts

SOURCE Coupon Mom