Throwback Thursday from January 2016
TOO MUCH EDUCATION CAN BE A DANGEROUS THING.
I know a person with a graduate degree in finance from an Ivy League school. He can squeeze so much value out of a dime that it makes FDR get up and walk.
Now, I like saving money as much as the next guy – maybe a bit more even. I grew up poor with cardboard in my shoes to cover the holes. Even today, at an overripe old age, I still wince whenever I spend money. But, the fellow of whom I speak has elevated money-saving to an Art.
Earlier this week he told me of his latest trip to Kroger’s to buy some breakfast cereal. He had some coupons in his hand.
When he got to the Cereal Aisle he saw that the object of his hunt was also being discounted. He smiled I’m sure, bordering on a leer.
Many of the “discounts” on the store shelves are as phony as a politician’s promise – The item sells regularly for $1.49, they change it to $1.79 and slap on another tag reading, “Marked Down to $1.49!” Instant Non-Discount.
Sometimes the discounts are real – usually because a buyer screwed up and they are stuck with ten truckloads of the stuff. Of course, some discounts arise after a news report says that the product can make your kids grow extra thumbs or decide to go to college and major in “Organic Bongs of Medieval Japan.”
Back to my tale of Nuclear Couponing in the Cereal Aisle.
In addition to your garden variety discount was another tag offering even bigger markdowns if you bought the cereal boxes 10 at a time. The buyer must have really screwed up. My Friend The Shopper felt like he had just found the Lost Dutchman Mine. He made a trip to chat with the store manager to verify that everything, as he saw it, was kosher. The Manager said that he was entitled to all of the posted discounts – plus – another “Instant Coupon” that would be given to him upon checkout. The coupons he walked in with were those super-duper double coupons and all of this back and forth with the store manager meant that he was getting into some serious high finance negotiations with Kroger’s. For a guy with a degree from Columbia University and a resume that includes a lengthy stint on Wall Street, this was heaven.
Cutting to the chase!
This man, who just wanted to buy some breakfast cereal for himself and his daughter, ended up walking back to his
car with 48 boxes of Post and Kellogg cereals – and a bottle of cranberry juice.
He hadn’t really wanted the cranberry juice, but after the dust settled at the checkout cash register, the store owed him $1.79.
The Manager was concerned that the Home Office in Cincinnati might pop an aneurism if the transaction showed up as a negative cash flow. To circumvent this he grabbed a bottle of cranberry juice off the shelf that cost $1.79 and they called the whole deal a push.
When I heard him tell this story my first thought was, “I hope you and your daughter really like cereal, because you’re going to be eating it every day for a year.
As he told this story I could see a fire in his eyes. This experience has spawned a monster. He said that he has found a cable TV show all about serious “couponing” and “It’s really interesting.”
I told him that I thought it all seemed like something that ended up with a very cult-like fanaticism.
If he keeps up with this “couponing”, I half expect him to shave his head, move to Battle Creek, and start banging a tambourine at the airport.
“Om, mane pay me coupon om.”