Twenty First Century coupon cutting might become the next money-saving system we need to utilize for financial survival. In other words, it could become Phase Two of the financial mountain climbing challenge we face. It would start in 2020. The reason for Phase Two is that we may require another money-saving financial survival system.
This would be to offset the 2020 Medicare-Medicaid crisis that we are faced with right now. This additional financial survival system would be an addition to the cash rewards credit card financial survival system I originally devised and have been using for the last 10 years, from 2009-2019.
PART ONE: TOOLS FOR HELP WITH FINANCIAL CHALLENGES 2009 – 2019
To return to 2009 for a moment, our first major financial mountain climbing challenge was when we went ‘From Middle Class to One Day From Homeless’. We had to make substantial compromises to our lifestyle just to survive indoors.
There are actually four Amazon Kindle Ebooks that I wrote about that journey. Fortunately, I had discovered the benefits of the responsible use of cash reward credit cards. They can be invaluable in accumulating welcome bonuses as well as cash rewards. These are the Ebooks I wrote over this ten year period.
PART TWO: TOOLS FOR HELP WITH FINANCIAL CUTBACKS 2020 GOING FORWARD
Now we may be facing an additional tightening of our belts. What this means is that another system besides Cash Rewards will need to come into play as part of our financial survival tools.
I am constantly being introduced to new money-saving apps. In fact, most of them do not require manual coupon cutting. Instead, the saving is sent electronically from one devise location to another devise location which can then register at purchase checkout to apply the savings.
To start, there are plastic tags with individual identity name and graphics on one side. Then there is a bar card on the back to identify each store. Savings are electronically registered on a store’s tag. Finally, that information is transferred to the cash register at purchase.
FOOD STAMP REDUCTION
In addition to the above financial challenge, we have been notified by our County Department of Social Services that our Supplemental Nutritional Assistance (SNAP-Food Stamps) monthly benefit will be reduced as of January 1, 2020. Every year we receive a COLA aka Social Security ‘Cost of Living Adjustment’. In other words, our retirement benefit goes up a pittance increasing our income. As a result, our food stamp allotment goes down.
21st Century coupon cutting is transforming. The system is becoming digital coupons. Therefore, going forward in the series, look for the keywords that refer to digital coupons rather than coupon cutting. Don’t throw your scissor and coupon organizer quite yet. But prepare to use them less and less. Happy savings, 21st-century style!
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