Saturday, January 1, 2011

My CVS Savings Total for 2010 ~ Did I Really Save $3635?

My total savings from my shopping at CVS, according to my reciepts, for 2010 was $3635.94 off the regular CVS shelf price of the items I purchased.  But did I really save that $3635 from my budget?  No, I did not.

First of all, I didn't need all of the items I bought.  Probably 15% of them were
above what my family needed so they found homes in the houses of friends or were donated to charities.  So right off I need to take 15% off that $3635 total which brings it down to a savings of approximately $3090.  But I still didn't shave $3090 off my budget.

If it weren't for the great potential of savings at CVS with the weekly deals of combining sales, extra bucks, CVS coupons and manufacturer coupons, I would not normally buy these items at CVS because of the higher list price.  In my small town I would shop at the least expensive grocery store which has prices approximately 15% below CVS prices.  So shaving that 15% off of the $3090 brings me down to $2626 in actual budgeted savings.  So when I look at my total savings of $3635 last year from CVS shopping I really can only claim approximately 75% of that in budgeted savings.  This is based on a budgeted not using coupons or sales at all--this is the savings I get from utilizing these at CVS.

If you look over the things I bought each week you will often see multiples of the same items in one week:  deodorant, shampoo and body wash for instance.  Obviously we didn't need all of these in that week, but they would be used over the next few months and I did not have to worry about buying any of these items at full price because I had them stockpiled.  And when the next week brought CVS deals on toothpaste and paper products, for instance, I worked on stockpiling those items so that I never pay full price for them again.  That is the beauty of using coupons to save money, you can always have several months to a year's worth or more of non-perishable items and never pay full price again, or in many cases never pay for them at all by maintaining a stockpile.  And the stockpile comes in handy when you hear of a family in need, you can easily and quickly help with no cash out of pocket if necessary.

So yes, my frugal way of shopping for CVS deals saves me hundreds of dollars of my budget each month, but it is not all it appears to be.

If you want to begin on the road to saving money, CVS is a good place to start.  Check out the step by step lessons in CVS 101.

Disclosure: Links in this post may be Simply CVS affiliate partners or personal referrals.

12 comments:

Anonymous said...

I still think it sounds like you saved a lot. And if you are using some of the items to gift to others I'd still count that as savings. Wouldn't you gift things to them anyway?

Cheryl said...

Hi, CarliAlice. Yes, I admit I did save a lot, but I just wanted to show a realistic view of the actual savings.

Yes, the gift items I left in, the 15% I'm talking about is like contact solution, for instance, I don't use that so I pass it on, but not as a gift just as a bonus :-).

You made a good point I left out, some of this grocery budget, some health & beauty/household budget but gift budget is also affected, as I do get a lot of gifts thru CVSing. Thanks.

JRFrugalMom said...

Awesome job on your savings Cheryl! You are the Queen of CVS shopping for sure!

I like how you broke down your savings.

Happy New Year!

JR
Frugality Is Free

Cheryl said...

Thanks, JR, I hope to work harder this year and get more food again like I did in 2009.

Sunny simple life said...

It's true you get to buy things you never would have. Before I shopped at CVS and got things for free or change we never used bodywash or shave gel and I bought the cheapest razors. Now my husband loves how he gets to enjoy such nice razors and often for free or a MM.

Cheryl said...

Very true, Sunny, my daughter really enjoys all her extras in the way of beauty pampering products and cosmetics.

The Saver Sleuth said...

Cheryl- nice work!!! Couponing really does have its advantages!! Tonight for example my daughter bought a lipstick that she wanted which was on clearance from $9.99 [in my lifetime??? Never!] to $2.49, and we had a $2 off coupon. Living rich with coupons, why not??? Thank you for your site and I really appreciate your honest breakdown! Still, heck of a savings-- and how nice to be able to give to those in need when all it took was our time and ingenuity!!

Happy New Year!!

Cheryl said...

Thanks, Saver Sleuth, my daughter, too, loves my couponing--she really enjoys the extras.

Saving Our Way said...

Nice job! Pretty impressive savings!

Cheryl said...

Thanks, Saving Our Way, that's why I like the CVS extra buck/coupon program--lots of savings.

DanniGirl said...

I am on my second week of CVSing. My first trip I saved $93! I have mainly been couponing for groceries for the last 9 months and have decided to get into CVSing also. Reading all your posts is such an inspiration, especially for someone just getting started with CVS. My 12 and 10 year old boys are already learning the value of coupons, which I think is wonderful. Happy CVSing!!

Cheryl said...

Welcome, DanniGirl, to CVSing--sounds like you are off to a great start. That is great your boys are learning couponing so young, it will be natural to them.