Walmart USA is making headlines again with more pricing strategies which I think is smart.
Pricing wars are not only popular at the grocery stores in the USA but also here at home in Canada.
With recent talks of suppliers upset over the low pricing of products just to get customers through the door with what they call loss leader products things could change.
A loss leader is a pricing ploy where a product is priced under the marketed cost or what the store purchased it for just to get you, the customer through the door.
I was right when I said to save those receipts and now more than ever if you are using your receipts to save money with the new apps available you are thanking me for suggesting you keep them all in an envelope to do your budget.
Already retailers will do just about anything to drive customers in to use coupons, price matching and now introducing smart phone app programs such as Checkout51, Snapsaves, CartSmart and PC Plus points.
Just last week I was shocked when Food Basics in our area said they now allow printable coupons. There was a time that they never accepted them which meant we shopped elsewhere. The game of grocery just keeps on getting more competitive and it’s not going to stop.
I was reading an article this morning that says now Walmart USA recently came out with a new online tool called a “Savings Catcher”. Now the idea is that it tracks advertised prices of thousands of products online. If a lower price is found at another store the discounter will refund the shopper with an in-store credit.
I don’t know the in’s and outs of the Walmart USA program but it sounds interesting from what I read of it. My understanding is that you set up a Walmart account at www.walmart.com then log onto the Savings Catcher page.
When you come home you enter data from your receipt at the Savings Catcher page and the computer system does the checking for you. If it finds a product at a lower price they will give you a store credit. Brilliant!
I’m not sure why they would have to wait until the customer gets home to do all of this. Why not have it automatically set up at the store. If the customer signs up for an account have the cashier punch in a number or swipe a card and let the computer do the work right there and either give the customer a store credit or take the money off the bill. Seems too easy, but maybe in the future.
In Canada you can price match which would be similar as well as do a product price adjustment at many retailers provided they offer this.
For example if you make a purchase at Canadian Tire for a product and the next week it’s on sale in the flyer you can go back for a price adjustment although you will get actual cash back not a store credit.
What I thought was pretty cool is that Walmart USA simplified their price matching policy but having all the competitors prices on hand for the customer. This eliminates the need for the customer to drag in all the flyers, spread them on the grocery belt holding up other customers.
Most stores that allow price matching also allow you to show the price on your smart phone but if you are like me and don’t own one you have to bring the flyers into the store with you which is a pain in the backside.
I thought it was a brilliant idea to have the competitors lowest advertised prices for the week ready on hand so all the customer had to say was that they were price matching to such and such a store and the cashier had the info.
How smart was that? I’m pretty sure there are faster ways of doing it with all the technology we have today and in the future I’m betting it will all be computerized.
There will be no need to even tell the cashier the computer system will automatically detect the lowest price and you will get that price. Some stores like Freshco go a step further and beat that lowest price which would be an even bigger perk.
All I have to say is smart going for Walmart but who knows if we will ever see these time and money saving perks in Canada.
How far will retailers go to get you in the door to shop?
Weekly CBB posts
If you missed any CBB posts from the week here is the list of posts you can catch up on reading!
- Do full-price items make it into your grocery cart?– The Grocery Game Challenge
- Spring Cleanup tips to keep your property looking pristine
- Should you be decorating and renovating when you rent?
- The costs of fertility treatments to create a miracle
- Easy homemade perogies
- PF Weekly Grab a Brew #64: Your minimum wage job might be your success
CBB at home and the blog
It was a super busy week for us here in the CBB house as we ventured over to the Home and Garden show right in Toronto which was amazing. We did manage to buy something for the house which I will talk about later on in a blog post.
It was interesting to see the dream home that they had on display. The layout and colour choices were similar to our tastes. They had a lovely sunroom that anyone would have loved to sit in all year long with a two-sided gas fireplace. The kitchen was grey which went well with the house and it’s an unusual but popular colour this year in many homes.
We spent the entire day roaming around and getting pulled in by salespeople to make a purchase. The best part was all the sampling. Boy did we have some yummy samples.
Other than that I’ve been sick with the flu the past few days and I just hope the sun gets here at a faster pace. Nothing too exciting happening with the blog at this time although it’s been nice to see more people commenting on blog posts. It’s important to me that readers leave a comment it shows me that they read the post and was interested in the topic.
Have a great week everyone.
Fan deals and inspirations
Submit your Brag or Inspiration If you have a brag that you want me to share email me at canadianbudgetbinder (@) [yahoo] [.ca] or fill out my contact form by Friday each week to have your brag considered for the Saturday post.
This week Nicola shares here steal of a deal on laundry soap which is hard to pass up at this price.
Here you go this is the deal I found this week while I was out grocery shopping. I price matched the following products with Canadian Tire at RCSS
- 9 bottles of Arm Hammer $2.99 with $1.25 coupon = $1.74 each
- 2x 6pks of Royal tissue paper $3.99 with $1 coupon = $2.99 each
- Total spent $21.64
Making a difference
If you know a personal finance blogger that is making a difference and want to nominate them please send me an email so I can reach out to them for a feature story.
Note: If you are a blogger who gives back and would like to be featured by all means get in touch with me as I am filling spots up for the rest of 2014 and they are going quickly.
Today I’d like to introduce you to my blogger friend Mario Bonifacio who blogs over at Adventures in Frugal. Check it out!
Hi Mr.CBB and Fans!
More than any other goal, my hope is that readers of my personal finance blog “Adventures in Frugal” are able to find inspiration to get a little more enjoyment out of life using frugality, debt pay-down strategies, and the other personal finance tools that I discuss.
I see my blog as something of a hybrid: I share frugal tips and other personal finance knowledge including thoughts on saving and investing. But I also discuss how to tie that personal finance knowledge back to happiness; and how to use personal finance as one tool to help me chase my passions.
I think that far too many people wrongly look at frugality where the only step is doing less of everything. I see it as a long process of getting to know yourself to figure out what you really care about – not just to spend less on the things that matter less, but to focus your time, effort, and money on those things you’re truly passionate about.
This has been true of my own experiences.
I started this blog at the beginning of 2013 as a way to document my personal journey out of debt and to hold myself accountable to the judging eyes of the internet.
What I quickly found was that paying off debt, learning ways to live more frugally, and otherwise getting my financial house in order, didn’t just help me out on paper; it made me more confident about chasing all the adventures I’m passionate about.
It’s this same confidence that I hope to impart on my readers.
What is a blog carnival?
Some fans have asked me “what is a blog carnival?” so a little explanation is due here for anyone reading for the first time or for my long-time fans.
A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web. Most blog carnivals have a theme and certain rules for submitting which must be followed.
If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.
A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals and/or sharing my blog posts with their fans.
- Carnival of Retirement
- Personal Finance Carnival #34– Aspiring Blogger
- Lifestyle Carnival– PF Carny
- Carnival of Retirement– Your PFPro
- Yakezie Carnival- Personal Finance Utopia
Google search terms
Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog. Keep in mind any spelling errors below are because I share with you the exact way they typed their search engine query to land on my blog.
Here are a few of my favorite searches that may have even brought you here and you’re reading this, right now.
- Optimum Shoppers Points Cheat– Ya, you don’t want to be cheating the system you’re only bound to get caught
- Canada Pot Smoker Life Insurance- Hmmm not sure about that one.
- I want women for….– I don’t know you finish the sentence
- Is bread with an expiry date of Feb 25 too old?– I just don’t understand sometimes lol…
- Never be proud of yourself- Way to motivate…
That’s all for this week’s edition of The Saturday Weekend Review #64. Have a great week and catch me here again next Saturday with more updates.
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