Josh Elledge - CEO, UpMyInfluence
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Wise families know that using coupons is not only good for home economics, it's good for local economics. Millions of dollars are invested by retailers and manufacturers with the purpose of prompting purchases. By redeeming the coupons they put out, couponers are helping more than just themselves.
Some ways coupons help the economy”¦
(1) Money saved with a coupon can be used elsewhere, spreading money around a bit more.
(2) The company issuing the coupon gains a customer and sells their product or service. Everything from employees making products, to employees getting coupons to consumers; from store employees, to the young person starting out in the work force with that first paper route… It's all part of the chain of the coupon industry that fuels jobs and the economy.
(3) Newspapers, and even some magazines, sell more copies than they would if they didn't contain coupons. This employs writers, content curators, distributors, and many more individuals.
(4) Families that use coupons are more likely to avoid excess debt. By using coupons, they retain more of their income, and lessen the need to use credit. Having less credit obligations, then leads to more disposable income. And more disposable income stimulates the economy.
(5) By leveraging coupons, families can give more than they would be able to otherwise. For example, a local care center might need toothpaste. By using coupons, a donator can give two, or even three tubes, for the regular price of just one tube. The ability to donate more reduces the financial outlay of community care centers, freeing their budget to meet other needs.
So clipping coupons and helping not just your own household, but local and regional economies, is an easy and practical win-win.
