Saturday, July 30, 2011

Couponing 101: Coupon Lingo

To celebrate the fact that Thou Shalt Not Pay Retail has officially reached over 2,000 hits, I've decided to restart the Couponing 101 series, to refresh the old pros and to educate the new savvy savers. So the first lesson:

Coupon Lingo

There is a lot of "lingo" or terminology in the coupon world. Let's get started on it to get you well on the way to deciphering the coupon match ups like a pro!

Note: I don't use all of these, but if you happen to be reading other blogs/couponing sites, this might help you out.

  •  $/$$: Amount of money off of specified amount of product.
    • Ex: $1/1  - $1 off of 1 product
    • $1/2 - $1 off of 2 products, or 50 cents off each. Must buy two products to use.
  • BOGO - Buy One, Get One Free
    • In most areas, each item in a BOGO sale rings up at 50% off, so you are NOT required to purchase 2+ items, you only have to buy one to get the deal.
    • In FL and coastal GA, you are required to buy both items in a BOGO sale, as the first item rings up full price, the second rings up at $0. The bonus - you can use a coupon for each item! 
    • Also seen as B1G1. If you see B2G1, it means Buy 2 Get 1 free. 
  •  Blinkies/dispenser: Grocery/drugstore coupon dispensers with blinking lights mounted on shelves in store 
  • Catalina: Catalina coupon, prints from a separate machine when your receipt prints. It can be for money off your next purchase, or for a certain dollar amount off of a certain item. CRT: Cash register tape, usually used when referring to CVS coupons that print with receipt 
  • Closeout: a deeply discounted product that was either overstocked or has been discontinued. 
  • DND: Coupon states Do Not Double, but the bar code starts with a 5, meaning most computers will automatically double it
  • ECBs: ExtraCare Bucks, CVS loyalty rewards system 
  • Exp.: Expires
  • GC: Gift card
  • IP: Internet printable coupon, printed online.
  • IVC: Instant Value Coupon, Walgreens' store coupons found in ads and monthly booklet
  • MFQ: Manufacturer coupon. Issued by the manufacturer of a product to save a certain amount of money off of the purchase of a certain product.
    • All MFQs start with 5 or 9 on the coupon barcode number sequence. Can be stacked with a Store Coupon.
  • MIR: Mail-in rebate
  • OYNO: On your next order. Ex. I received a Catalina for $5 off OYNO
  • OOP: Out of pocket
  • Peelie/On Product: Peel-off coupon found on product packaging
  • PG: Proctor & Gamble coupon insert. Typically in the first Sunday paper each month or the last paper of each month.
  • Purchase: Each item you are buying at one time. Often confused with Transaction.
  • Regional: a coupon or coupon amount only distributed in certain regions.  
  • RP: Redplum coupon insert found in most Sunday papers
  • RRs: Register Rewards, Walgreens' store rewards/Catalina coupons, "Walgreens Cash."
  • Q: Coupon
  • SCR: Single Check Rebate, Rite Aid monthly rebates program. Come off the price of the item instantly at reguster.
  • SS: Smart Source insert, typically found in each Sunday paper.
  • Stacking: Using both a manufacturer's coupon and a store coupon on one item
  • Store Coupon: coupon issued by the store for money off of a certain product
    •   barcode sequence starts with any number except 5 or 9.
    • can be used in addition to a MFQ, saving even more off of a product.
    • You can only use in the specific store that issued the coupon, unless another store accepts competitor coupons and views the store that issued the coupon as a competitor.
  • UPC: Universal product code, bar code
  • Tearpad: Pad of coupons attached to a display, shelf, or refrigerator door where you "tear" one off.
  • Transaction: Each item or group of items you are paying for at once.
    • Purchasing one item and paying for it, then paying for another item separately is two transactions.
  • +UP Reward: Rite Aid reward program, "Rite Aid Cash"
  • WSL: While supplies last
  • WYB: When you buy
  • YMMV: Your mileage (or manager) may vary, meaning results vary depending on your particular store/management or that prices may vary by store.

No comments:

Post a Comment