Have you ever thought about how much you spend on razors? Some couponers are able to stock up on razors without paying anything. In fact just yesterday I walked out of the grocery store with four razors and I actually made $.24 just by taking them home. But those that aren’t into couponing find themselves frustrated with constant upgrades and product changes that force them into spending more money on razors in order to keep up with the trends.
According to a Wall Street Journal report, 43-year-old Jeff Hagan figured out a way around the system that razor companies force people in to. On a recent trip to Costco he stocked up on a four year supply of razors– 100 Gillette Mach3 blades to be exact. “I’m basically investing in blade futures,” Mr. Hagan told reporters. “That’s my hedge against getting forced to upgrade.”
And even if couponers are getting their razors for free, plenty of people aren’t. Gillette brings in more than $4 billion in annual sales while reports show that Schick takes a cut of about $1 billion in razor sales each year. As the companies bring out new products, they phase out old ones which leads men like 52-year-old Mr. Neibart to stockpile. “They keep trying to improve something that they already had perfect,” he told the Wall Street Journal. He worried that the razor he loved, the Platinum Plus, would disappear he stocked up on blades every time he went shopping. He now has a reserve of about $1000 worth. “I’m shaving with a dinosaur, but now I’m set if it goes extinct,” he says.