This week’s Couponing Tips Understanding Overage. You’ve probably heard the term “overage” but do you know what it means? Read on so that you can have a better understanding of overage.
Couponing Tips Understanding Overage
A lot of people think that overage means you will end up getting paid by the store, but this is not usually the case. In fact most stores will not give you money back when you have overage. Before we jump into what overage is let me give you a quick example.
Kellogg Cereal Costs $2.99 You have a $1.50 coupon and there is a $2 store coupon. You now have $3.50 in savings but the item only cost $2.99 This gives you $0.51 in overage The $0.51 will be applied to the items you are purchasing in that transaction
Overage vs. Money Maker
Understanding Overage VS Money Makers will help you be a more strategic shopper. As stated above overage is when any extra funds are applied to your overall transaction. A money-maker happens when the you receive more in return than you pay. Keep in mind that most stores will not do this! Be sure to check the coupon policy for the store you are shopping at before you get to excited about a money-maker. Money Makers tend to happen mostly with Rewards at stores that offer them like CVS, Rite Aid and Walgreens.
Currently Wal-Mart will either give you the money or apply it to the transaction. So many like to coupon shop at Walmart. Their coupon policy specifically states this and you can read it in full HERE. When shopping Walmart I suggest always carrying a copy of the Walmart Coupon Policy with you.
Keep in mind that Target and most stores do not offer overage or money-making opportunities. If you end up with overage, Target will adjust the price down so that there is not any money owed to you in the form of cash or towards your transaction. You can read Targets coupon policy in full HERE.
Knowing how to use overage and money-making opportunities can really help stretch your budget! This is one of the main ways couponers save on their shopping trips. Spend some time planning out your trip, breaking your trip up into multiple transactions and researching the stores coupon policy. Doing these things can be the difference between a small savings and HUGE savings!