Bed Bath & Beyond making changes to coupons

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Bed Bath and Beyond Makes Changes to Coupons

NEW YORK (WPIX) -- If you have a mailbox you know these well, 20 percent off coupons at Bed Bath and Beyond.

Sorry shoppers, those coupons may soon be a thing of the past.

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While revenue at the retail giant was up 1.7 percent this quarter, their profits fell 10 percent.

See photos of Bed Bath & Beyond over the years:

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Bed Bath & Beyond and coupons
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Bed Bath & Beyond making changes to coupons
Shopping carts are lined up in front of a Bed Bath & Beyond Inc. store in Springfield, Virginia, U.S., on Monday, Sept. 21, 2015. Bed Bath & Beyond Inc. is scheduled to release earnings figures on Sept. 24. Photographer: Andrew Harrer/Bloomberg via Getty Images
A shopping cart covering stands in front of a Bed Bath & Beyond Inc. store in Springfield, Virginia, U.S., on Monday, Sept. 21, 2015. Bed Bath & Beyond Inc. is scheduled to release earnings figures on Sept. 24. Photographer: Andrew Harrer/Bloomberg via Getty Images
A shopper walks past a Bed Bath & Beyond Inc. store in Washington, D.C., U.S., on Friday, Sept. 18, 2015. Bed Bath & Beyond Inc. is scheduled to release earnings figures on Sept. 24. Photographer: Andrew Harrer/Bloomberg via Getty Images
DENVER, CO - SEPTEMBER 4: Sphero's BB-8 toy droid from Star Wars are on the shelves at the Bed, Bath & Beyond in Cherry Creek in Denver on Friday, September 4, 2015. The toy from the Boulder company is quickly finding lots of demand. (Photo by Cyrus McCrimmon/The Denver Post via Getty Images )
A shopper exits a Bed Bath & Beyond Inc. store in New York, U.S., on Monday, April 6, 2015. Bed Bath & Beyond Inc. is scheduled to release earnings figures on April 8. Photographer: Michael Nagle/Bloomberg via Getty Images
LOS ANGELES, CA - APRIL 10: Store managerJeannie Archila packs up a cookware at a Bed Bath & Beyond store on April 10, 2013 in Los Angeles, California. The home goods retailer is expected to release fourth-quarter earnings figures after the closing bell. (Photo by Kevork Djansezian/Getty Images)
NEW YORK, NY - APRIL 10: The doorman from Bed, Bath & Beyond helps customers load their purchases into their car on the Upper West Side of Manhattan, on April 10, 2013 in New York, New York. Manhattan is a mecca for shoppers. Now that the economy has improved a bit, consumers are buying more. (Photo by Melanie Stetson Freeman/The Christian Science Monitor via Getty Images)
A car drives past a Bed Bath & Beyond Inc. store in San Francisco, California, U.S., on Wednesday, June 22, 2011. Bed Bath & Beyond Inc. gained in New York trading after saying profit in its current fiscal year will gain more than the retailer previously expected as sales climb. Photographer: David Paul Morris/Bloomberg via Getty Images
UNITED STATES - JUNE 22: Pedestrians walk past a Bed Bath & Beyond store in New York, June 22, 2006. Bed Bath & Beyond Inc., the largest U.S. home-furnishings retailer, posted its smallest profit increase in 10 years as it spent more on advertising and recorded expenses for stock options. First-quarter net income rose 1.5 percent to $100.4 million, or 35 cents a share, from $98.9 million, or 33 cents, a year earlier. (Photo by Adam Rountree/Bloomberg via Getty Images)
Customers shop inside a Bed, Bath & Beyond store in Los Angeles on Tuesday, June 21, 2005. Bed Bath & Beyond is expected to report earnings Wednesday June 22, after markets close. (AP Photo/Kevork Djansezian)
"Sex and the City's" Cynthia Nixon picks up a singing tree at Bed, Bath & Beyond Tuesday, Dec.16, 2003, in New York. MasterCard will donate every item purchased by Nixon and her helpers to AmeriCares HomeFront, which repairs homes and community centers for those with physical and/or financial limitations. Nixon shopped for 62 minutes, which represent the 62 trips MasterCard will award to cardholders as part of its "Trip A Day" holiday sweepstakes. (AP Photo/Bill Kostroun)
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Here's why that's a problem.

Customers have become so accustomed to shopping with the discount instead of purchasing items at full price. That means they'll wait until they get a new coupon in the mail to start perusing the store's aisles.

The store told investors they'd scale back on these promotions.

That means you should take advantage of those coupons while you still have a chance.

RELATED: The best couponing tips in 2015 /p>

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The best couponing tips for 2015
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Bed Bath & Beyond making changes to coupons

Check Your Mailbox

A good place to start is your (snail) mailbox. Remember all that junk mail you regularly throw out? You might as well throw away your hard-earned money. Next time, at least leaf through the coupons to see whether you can snag some great deals on products you already purchased. Don't be dismayed if you don't immediately find them - they'll likely be hidden among the "must-have" ads for patio sun canopies and air fresheners.

(Photo: Getty)

Pay Attention to “Real” Savings

Which brings me to an important point: Don't fall victim to buying something just because a great coupon exists. Before you buy, consider whether you really need the discounted item. My husband used to jokingly ask me, "How much did you save us today?" I was shopping the sales and using coupons for my purchases and assumed I was saving money. However, my haul was rarely an accurate depiction of what we needed. I'd walk into a store meaning to spend about $25 on home essentials, but would leave with a bill almost double that. I fooled myself into thinking I'd saved so much money. Don't fall into this trap. Before you buy something with a coupon, ask yourself a few questions. Would you normally purchase it? Is it a staple that's sure to get used? If not, think long and hard about whether it has a place in your house – or your budget.

(Photo: Getty)

Go Online

Once you are comfortable using paper coupons, I strongly urge you to explore the wonderful world of online couponing. The day I discovered it existed was the day life got easier and my dollar stretched further. My husband stopped teasing me when he saw my emails touting real savings on products we actually needed. Even with the declining price of gas these days, I'm hesitant to go to the store for much outside of buying groceries (and even that is one of my least favorite tasks, ranking right up there with pumping gas and going to the dry cleaners).

I do most of my shopping online, and reap huge savings. I'll shop at my favorite store, free of the enticing brick-and-mortar displays, and add only the essential items to my online cart. Plus, price comparing is easier online than in stores. Once my shopping is complete and before I enter my payment information, I'll go to a couponing website to see what I can save. Most of the time snagging free shipping is standard, but sometimes I can score site-wide coupons for 20 percent off (or even more). It's really that easy and all goes back to the question: Why spend more?

(Photo: Getty)

Beware the Cost of Bulk Buying

But another word of advice – beware of buying in bulk just for the sake of "increasing your savings." In other words, don't be misled by those extreme couponing shows on television. It isn't about multiplying your coupons to see how much you can save off the retail price or spending the hours to see how much you can get for "free." After all, time is money. Odds are you will end up paying a lot up front to stock up on, say, paper towels. Yes, you'll use them, but paying that much at once isn't likely to be kind to your monthly budget. Buy what you need and save while doing it. It's really that simple.

(Photo: Getty)

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