Stockpiling Within Reason | When is it Extreme?
With seeming unbeatable deals popping up online day after day, it’s tempting to try to take advantage of all of them. To avoid the hoarding mentality, I find it important to set limits on how much of any one item I can stockpile. These limits should be based on what you and your household actually use.
How to Start Stockpiling without being to Extreme?
Start out by taking a mental inventory of all the items you use on a daily or weekly basis. If you were not couponing and instead were buying only the items you were in immediate need of each week, what would be on your shopping list over the course of the next few months? These are the items you’ll want to stockpile. There’s no sense in buying two (or more) of something if you don’t even need or want one or never expect to use up one.
For this system to work, you need to figure out how much of each item on that list you use. If you use up more than one a month you probably know it. If you’re not sure how much you use a month you can start out by estimating that you use one a month, stock up for the appropriate number of months and then don’t stock anymore until you use some up or stock up even more if you discover you’re using it more quickly than expected.
Food (up to 3 months)
I aim to have at least one, but not more than three months worth of food items on hand. You may need to reevaluate what you consider to be a non-perishable: canned beans or vegetables may truly last longer than three months but I’ve gotten bugs in boxed pasta on more than one occasion. With food, I’d always rather have fresher items anyway and grocery store deals are designed on a twelve week cycle so three months should get you through a complete round of deals. Unless it’s in a totally air tight can, bottle, or jar and a specific product or brand I’m loyal to (as in the same product or brand may not be the good deal in the next cycle), then I’m not interested in buying more than what I can use up in three months.
Personal Care and Household (up to 1 year)
Personal care and household items are generally cheaper at the drugstore and drugstores seem to operate on a different sale cycle than grocery stores. While grocery stores are on a twelve week cycle, drugstores seem to be on a yearly cycle. Hair products were free left and right in the spring and it’s all about shaving supplies now that summer is in full swing. Personal care and household items also don’t have a freshness factor that food has and there are many, many more deals to snag these types of items free. If there’s a good deal on a product on my mental list of what I use frequently, I’ll stock up enough for one to three months. If there’s a deal where I can snag something on my list free or very close to it, I’ll stock up to a year’s worth of the item.
In any situation, I think more than a year’s worth in your stockpile is too much. If you use one bottle of shampoo a month and you have thirty bottles, you probably don’t need to buy anymore right now. Another deal will roll around, new products (and promotions for them) are constantly coming out, and your needs and tastes might change.
I’m curious, how many of you have a stockpile, and how long do you think it would last if you didn’t buy any more items?
Thanks to Carrie at It’s Frugal Being Green for this Guest Post.
Like these deals? Don’t forget to sign up for the Saving Cents with Sense Newsletter to find deals, coupons, and money saving tips in your mailbox each day. You can also follow on Facebook, Twitter, Google+ or Pinterest This site uses affiliate links. Read my disclosure policy here.