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How to Calculate Savings!

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calculating savings

One common question when someone is looking for a deal is how much am I actually saving? It’s not always about the amount of dollars or pennies, sometimes it’s better to calculate by a percentage. 

A general rule I like to follow myself as a blogger and as an everyday thrifty shopper is if it’s not at least 50% off then it’s not really a good deal. Now there are some exceptions to that rule like getting a discount on a gift card, finding deals on LEGO’s (sometimes these discounts can be awesome), or other miscellaneous items but generally I say 50% or MORE.

So how exactly can you figure out how to calculate your savings? Well it’s simple. It’s just a few short steps. I have provided an example for you below.

Take the Original amount of the item for example: A New Sweatshirt $39.99

Deduct your sale price from the original price. Let’s say it’s on sale for $9.99

Then divide your difference of the two prices by the original price to get your percentage in a decimal.

So the above equation would look like this:  (original price) –  (sale price) = (difference between two numbers) / (divided) by (original price) = number in a decimal which you can multiply by 100 to get your percentage in savings!

Example above: $39.99 – $9.99 = $30.00 / $39.99 = 0.75 or 75% off!

I hope this all helps you figure out how much you really save. I personally do this before I purchase anything it really helps me understand how much I am saving and how much of a good deal I am actually getting.

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becca

Tuesday 16th of July 2013

Nice! My hubby does most of our shopping but I will pass this on!

Brittanie

Tuesday 16th of July 2013

Your hubby does most of your shopping? WOW that is awesome! I don't think my husband has done 1 load of laundry or really any major grocery shopping since we've been together lol so I find that fascinating! :)

Ashliegh

Tuesday 16th of July 2013

Great tip! I love seeing how much I saved every time I go shopping and this helps to really put in perspective how much I really saved!! Thanks for the tip!