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Video: ‘Krazy Coupon Ladies’ share secrets for saving

  1. Closed captioning of: ‘Krazy Coupon Ladies’ share secrets for saving

    >> time for today's working woman and ways to save more than $100 a month on your grocery bill, but let us warn you, it will cost you.

    >> it will?

    >> yeah.

    >> all righty. about a whopping 15 minutes a week is what it is going to cost you. see this bag of groceries here? without coupons, $55. with coupons, what do you think, hoda?

    >> i don't know.

    >> read it.

    >> $15.

    >> you can do it too.

    >> joni demere and heather wheel rest founders of the crazy coupon lady.com and authors of "pick another checkout lane , honey." how are you?

    >> good to meet you. nice to be here.

    >> this is quite the savings.

    >> that's amazing when you think about how much money you can save. tell us about that.

    >> absolutely. you can save so much money with coupons, anyone should be using coupons, i don't care what your income status is or how much time you think you have, you should be using coupons. whether you live in trump tower or in a van down by the river, you too should be using coupons.

    >> i don't like it when people talk to me like that.

    >> i'm going to get to you.

    >> where are some wine coupons.

    >> you can afford to splurge on the wine.

    >> we know in the papers there are tons and tons and tons of coupons in there. you say clip away, right?

    >> yes. so we get -- there is tons of coupons from the sunday paper. crazy coupon lady, i'm getting five sunday papers because i just love cues upon, i want lots of coupons.

    >> but you're spending money on the newspapers.

    >> so in new york it does cost a lot. for me, $20 a month to get five every week.

    >> how much would ysave in the coupons you get from the five newspapers?

    >> i save about a thousand dollars a month on my grocery bill.

    >> that's serious money. it is labor intensive , right?

    >> it is. if you're feeling short on time, just do printable coupons. printable coupons, you don't have the newspaper showing up at your doorstep, especially a huge stack of newspapers, you go to your computer and print them.

    >> how do you get them? where do you go it find them?

    >> there is tons of websites that have them. we have a comprehensive list on our website of all of the available printable coupons. if you're feeling short on time, make your grocery list as you normally would and then come to our site and print the coupons, and really easily --

    >> free money .

    >> yes.

    >> here is the problem, sometimes when --

    >> there has to be a catch.

    >> when there is a coupon, you go, wow, i'm going to buy this, i don't normally get it or like it, but because i have such a great deal on it, i'm going to get it. that's my problem with sales or stuff like that.

    >> you're not going to do that. we're not buying anything that we're not going to use.

    >> she just insulted you too.

    >> i know.

    >> you guys are passionate about t it it. it is a little disturbing.

    >> organizing te ining the coupons is an issue.

    >> how do we do that. there is an expiration date on these things, right?

    >> coupons are usually from 30 to 90 days . here's what i do. i'm a little crazy, i will admit. i clip all the cues upon and organize them in this coupon binder. i have 36 categories. so whenever i'm in an aisle, i can flip to the category. if i'm getting cereal, i flip to the cereal cal gwire.

    >> you take this to safe way ?

    >> i do.

    >> are they furious when they see you coming? they must think you're crazy.

    >> they love us.

    >> really?

    >> is there a way to clip coupons for a, say, like a charity and send it off to a food bank or something like that?

    >> here's what we do. once our coupons expire, we collect them all, and we send them overseas to military bases. they can use them there for up to six months after they expire.

    >> thank you for your time.

    >> you're adorable.

updated 9/23/2010 9:06:14 AM ET 2010-09-23T13:06:14

Want to spend just 15 minutes per week and save $100 a month? Follow these four steps from Heather Wheeler and Joanie Demer.

They're the brains behind TheKrazyCouponLady.com and the new book "Pick Another Checkout Lane, Honey," which is being hailed as "the coupon bible."

They'll detail below both the "Krazy Way," where you'll have to subscribe to multiple newspapers and the "Express Way," which will bring you savings without taking much time!

Step One: Release your inner coupon fetish
Where do you find coupons? The two main sources are the Sunday newspaper and coupons you can print from home.

The Krazy Way: Subscribe to multiple copies of the paper.

The Express Way: Print coupons! Visit TheKrazyCouponLady.com and click "print coupons." There you'll find a huge alphabetical list of coupons to print!

Step Two: Get organized and build your coupon binder
Keep organized — you don't want a big useless pile of coupons. If you're saving all your Sunday newspaper coupons and printing coupons, you're going to have a big useless pile. Find an organization method that fits your schedule.

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The Krazy Way: Create a coupon binder. Organize clipped coupons in baseball card holders in a large binder. Divide them into 36 categories by grocery aisle.

The Express Way: Throw coupon inserts into a file box by date.

Video: $100 worth of groceries for 25 cents (on this page)

Step Three: Shop smart
Don't purchase items just because you have a coupon. Only buy a product when you find a sale price and a coupon that makes the retail price acceptable. The stores no longer tell us what an item costs. Tell the stores what you're willing to pay by purchasing only when the price is acceptable.

The Krazy Way: Compare sale prices from your weekly grocery ad to your coupons and "stack" coupons with sale prices. When the price after sale and coupon reaches at least 75 percent off retail, that's the time to buy!

Story: Coupon clipping craze may be slowing

The Express Way: Make your grocery list and compare it to the printable coupon database. Print coupons for products already on your list. Total time is about 10 minutes.

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Step Four: Build a stockpile that will put your neighbor's to shame
When you can purchase an item for 75 percent or more off retail price, stock up! The goal is to purchase enough of the product to get you through until the next sale cycle, which is approximately three months.

The Krazy Way: Stuff your cupboards and pantry, clear space in your garage. If you have the storage space and you find a nonperishable product for a great price, purchase even more — to the tune of a year's supply!

The Express Way: Small space? Get creative. Put products under the bed, on top of the closet and behind the TV. Still tight on space? You can still stock up on the products you use most frequently or products that are expensive. Anyone can utilize this principle within their living situation.

With these tips, you'll be saving hundreds of dollars each year. And it should only take you a few minutes a week!

Story: 10 tips to be a better coupon sleuth

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