Common Sense found an article in the Wall Street Journaltackling whether coupons are worth it or not. Check it out for some frugal reading and reaffirmation that what your doing really is worth it!
Here are a few interesting highlights:
- Hourly rate of a coupon clipper: $86.40.
- Money saved comes with an additional benefit. Unlike the money you earn at work, it is tax free. No payroll taxes. No federal or state income tax.
- If your marginal tax rate were, say, 20 percent, you would have to earn $108 before tax to take home $86.40. If your marginal tax rate were 30 percent, you'd have to earn $123.
Want more? Budgets are Sexy has another great read HERE.
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