Have you ever noticed when you go to the store there are several sizes of the same product? Not even taking into account the competitive brand and the generic brand.
It can be overwhelming, and many people assume it is the same price irregardless of the package size.
I refer to the real cost of the item as cost per unit. I think this is the commercial name also, I didn't make it up:) To find out the cost per unit some simple math is required. (this makes the teacher in me proud..yes life skills)
If the item is sold based on items, take the total cost and divide by the number of items in the package. See example below.
Example:
Shoppers Drug Mart had toilet paper on sale. Yes it was a good
price but always remember to determine your cost per unit. Superstore
has bigger packages on sale for more money but the price per unit was
0.3325 at Shoppers. OR superstore it is 0.312 per unit.
If you have the coupon from walmart magazine a few weeks ago price per unit becomes 0.270 per unit.
If the items is sold in ml, grams or kg it is done the same way. Cost per 100ml, 100g will help you decide what brand to buy, as usually 2 competitors sell the similar product in different product sizes.
This is where it can get fun for a couponer like me. One would normally assume use the coupon on the highest price package. If you have multiple coupons for a product, it can work out to be cheaper to buy the package that costs a bit more money, but use your coupons. One coupon can only be used for one product, but multiple coupons can be used on multiple products. You may need to do math a few times when using coupons, but the savings are worth it!
And if all else fails... look on the shelf! Most stores have this figured out for you in very very tiny font on the price tag on shelf. However, if the item is on sale the cost per unit is on the original price.
These tips have helped our family save money and pay for Disney World two times in 5 years.
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Sunday, May 28, 2017
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