This is a guest post by Pinyo at Moolanomy, who recently became a daddy for the first time as his wife gave birth to a beautiful baby boy in December. He’s learning the ins and outs of being a father and about reward cards, too! He blogs about personal finance and investing, and I urge you to give his feed a try.
Normally, I am not the one who does household shopping. My parents do most of the food purchases for the household. Although I do buy occasionally, I never bothered to sign up for one of those discount cards offered by supermarkets and convenience drug stores.
Ever since my wife gave birth, I found myself running to CVS more often. So I figured I would give their ExtraCare Rewards program a try. Well, I was pleasantly surprised. For the very first purchase of some diapers and baby wipes, I saved $5 on a $22 purchase — I will take a 23% discount any day. This is on top of the 2% savings points I am accumulating with CVS, and the 5% cashback reward from my Citi Dividend Platinum Select Card. All in all, I am looking at almost 30% discount on that purchase.
The Not So Good
Just like my friend at Gather Little By Little said, buying generic can save a considerable amount of money, but it could be a hit or miss thing. In general, I found generic store items to be a good way to save some money. So far, the results have been great with generic medicines, mouthwash, and baby wipes. Unfortunately, the CVS diapers I bought weren’t anywhere near as nice as the ones made by Pampers. So my wife made me return the extra package, and I am on a strict order to buy Pampers instead.
I am a believer and will be replacing my lost Pathmark card, and starting to use my Duane Reade card more regularly. I am also going to stick with the generic store brand when I can. As I am writing this, I also noticed a lot of deals on CVS web site that I am going to investigate. If you have look into these saving techniques before, I encourage you to take a look. It’s not much, but little things do add up over time.