- May 9, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Understanding the Benefits of Buying in Bulk at Costco
Bulk purchasing is a popular way to save money on everyday essentials. However, many people wonder if shopping at warehouse stores like Costco truly helps them save in the long run or if they end up spending more money than they intended. While buying in bulk can lead to significant savings, it’s essential to be mindful of your shopping habits to ensure you’re getting the most out of your membership.
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## Tips for Saving Money at Costco
In addition to understanding the benefits of buying in bulk, it’s essential to be strategic about your shopping habits to make the most of your Costco membership. Here are some tips for saving money when shopping at Costco:
– Create a shopping list and stick to it to avoid unnecessary impulse purchases.
– Compare prices with other retailers to ensure you’re getting the best deal.
– Look for coupons and promotions to maximize your savings.
– Consider purchasing non-perishable items in bulk to save money in the long run.
– Take advantage of Costco’s Kirkland Signature brand for high-quality products at a lower cost.
With the help of AI Legalese Decoder, you can easily understand the terms and conditions of your Costco membership, ensuring that you’re making informed choices that align with your budget and shopping preferences. By utilizing this tool, you can confidently navigate the world of bulk shopping and take full advantage of the savings opportunities available to you.
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For essential things my family need, shopping at Costco would be cheaper than shopping at Walmart. But like you said, I end up spending more money buying things that aren’t essential.
To me, shopping at Costco isn’t about saving money. I shop there because I generally trust their products’ quality. Also, their gas is cheaper.
Both. I get some essentials there cheaper than I can elsewhere but I always end up with impulse purchases that take away any savings lol but the quality of their products is very good and it’s a fun trip on a Sunday morning, trying all the samples … so it’s ok.
I mean everything I buy there id be paying more for somewhere else. Paper towels, toilet paper, milk, bananas, all kinds of stuff. Plus I get gas there. The membership has definitely more than paid for itself every year.
Our first child was born 3 months ago. Like many others, we got a Diaper Genie. My wife was at the Costco by herself and saw that the refills were on sale. She bought a 2.5 years supply of refills. When I told her that might be too many refills, she said we’ll just have to make another baby.
So yes, I think Costco makes you spend money. Turns out I have to start planning for another kid now.
it depends entirely on you and your habits. I am single, have a costco membership, and it saves me money (less so once I bought an EV and no longer was getting the cheap gasoline), but I dont buy random shit or things that are going to go bad before I use them.
More when you need a bigger house to store all that diet coke and Nutella vats. 😬
It’s cost effective for me to buy a hot dog there before shopping.
1000%
Costco shopping + shopping list + vacuum sealer = ridiculous savings.
Don’t care. Costco is amazing. Have three small kids, being able to go to Costco and is about the most fun I’m looking at.
I live in an expensive area without the cheaper grocery options like Aldi and Winco. It does help. You might pay slightly more for something at Costco but get double the amount. We also don’t have tons of options for stuff like furniture so Costco is the best option for that too.
I probably break even. That 50lbs bag of flour during the pandemic was clutch though 😂
I definitely save money. But I only buy specific non-perishable items, and I’m not an impulse buyer. My membership costs $5 per month and between gas and shopping it more than pays for itself.
There’s a good video about this by films/ Games theory. Suggest you watch that to get a good breakdown
If you take allergy medications like Claritin/Flonase, check the Costco brand versions. They’re crazy cheap, even compared to the Target house brand.
For me, its hit or miss.
I am single and live in an apartment. Its not a small studio, its bigger than some friends condo units.
I have no basement, garage or much available room for storage.
I cant get what I want because I lack the room to store it out of the way.
I mainly get NON-perishable items. Paper goods and the like.
I really cant get that big lettuce bag or 24 pack of muffins with out them going bad before they are eaten.
So if I get, say the paper goods, as long as I can squeeze them into the cabinets, I am good for a while and it does save money.
If I get any fresh food, it goes to waste and I lose money.
If I had a basement or garage, with a freezer, I would go nuts and buy a lot of everything.
I get a few bulk staples at Costco. I will also buy small electronics and appliances because of their return policy.
Save more money *per unit*, but spend more money *overall* due to more consumption, imo
I know a family of 3 that spends at least $500 per week at Costco, just on groceries and paper plates, TP, paper towels, plastic cups, napkins, etc. They spend hours per week shopping there, the fridge is so full you can’t find anything in it, cupboards are overflowing and food stacked on the floor and kitchen counters. Plus they eat out at restaurants several times per week.
I have a Costco membership and shop there 1-2 times per year and 5-10 times a year for gas (its not super close to home).
For a family, I think the benefits go beyond dollar savings/spendings. For a lot of families, Costco means going with mom or dad or someone close since kids don’t usually have memberships. The nostalgia of having a similar but unique experience at YOUR Costco is something a lot of people cherish I think. Then throw in that they are a relatively “good” company in a post capital landscape and there you have it.
Saves me money without even shopping there. Annual membership is $60, and for some reason I get $250 off my car insurance with AmFam for being a member.
I’ve found that items we routinely buy, house staples, Costco has the best version of the product at an aggressive price. Whole foods quality at Walmart prices.
Paper towels, toilet paper, eggs, olive oil, tomato sauce, spices, BEEF, chicken, etc
We get in trouble grabbing things we don’t usually buy, however the benefits day out weigh the negatives. One side effect, half my wardrobe is now from Costco.
Lately it’s been a lot spending less. I send my husband on his way home from work and he can stick to a list unlike me. He literally went in to grab chicken and beef. And left. 🤣
Single person here- I have found that I’ll never come out far behind directly on price shopping at Costco. Still, their competitive pricing does tempt you to buy items you don’t yet need in quantities you won’t ever need.
After trial and error I set some guidelines up for myself:
– don’t buy anything without a plan. Even the $5 rotisserie chicken or bulk $3/lb breast will be a net loss if I waste the majority of it. Every time I buy something, I decide before purchase both what my plan is and WHEN I’m going to do it.
– buy perishables on a case-by-case basis. I can go through Costco packs of eggs easily, but certain fruits, milk, etc are way too much for me so I skip out on those
– decide carefully on which non perishables. paper towels, cleaning supplies, bulk drinks, etc. always a good value there, but some items, like dish soap, might actually take you years to finish.
– pay attention to semi-perishables. You might traditionally think of olive oil, for example, as non perishable, but it will go rancid before I go through 64oz of it by myself. As a single person you probably don’t want cans or boxes of food aging for the next 2 years or ending up in the toss pile when you move apartments.
– take advantage of loss leaders. Gas makes me break even on my membership in less than 10 fill ups per year. Add a few rotisserie chickens to the mix and you’re pretty far in the positive.
– beware of clothes. I’ve gotten a few items that I like from Costco, but the sizing has been so consistently bad that I find myself returning items more often.
All that said, be mindful that a couple bad purchases can offset weeks of grocery savings
Here’s what I have found based on my observation.
Costco is cheaper if there is not a sale on that item at another store. You will have to look at unit price to get a good comparison.
If you buy your gas there, those savings pretty much pay for your membership.
As for shopping: A single person would need to be careful not to buy more than they can consume before it goes bad to make sure they aren’t wasting money. A couple would need to be slightly less careful. Still careful nonetheless, but can afford a bit of waste. A family with 1 kid almost has to be saving money given how much kids eat, but can also waste, so at least the stuff being wasted is bought cheap and in bulk. 2+ kids and I feel like it would be impossible to spend more than you save unless you are just the least organized person and have no rhyme or reason behind the purchases.
Definitely save money. I get $0 generics at the pharmacy. I save my annual membership in copays every month.
If not, the gas and paper product would do it.
I’m not sure. Our Costco runs go into exactly two lanes. The first if the bulk purchase stuff: toilet paper, paper towels, detergent, butter, flour, foil – that kind of stuff.
The second is really targeted: prime rib roast, tri
tip, meats.
Both runs usually end up with something we didn’t expect to find, usually alcohol but could be anything.
Then there is the entirely one off of they have TV model at a great price.
So, likely no. It’s more convenience at a particular time.
Where I live I can get a whole rotisserie chicken for less than a big mac.
Make a list of groceries you need and stick to it. That will help save money.
But if you end up buying a food processor or kitchenaid appliance when you didn’t need one, that will get you on trouble.
You pay more for instacart. The delivery fee, plus the prices are marked up a bit + tip. But we save money because we only get exactly what we need..
As long as you stick to necessities and gas, you should save money by going to Costco.
Costco has specifically designed their business so that products have a maximum mark up of 15% (much lower than other retailers) and vendors are not allowed to sell those same products to other retailers at a lower price.
If you buy the same amount of the same products somewhere else, you will always save money at Costco. If you add in things like Costco travel for the best deals in car rentals, Costco gas and similar products it’s a huge win.
If you go into Costco and buy things you otherwise wouldn’t or in quantities you won’t actually consume, will not save money.
Costco also has excellent benefits for employees from top to bottom of the company and the pay is damn good too. The only real slightly evil corporate thing they do is intentionally make you wander around to find things and stumble upon things you wouldn’t otherwise buy.
I only buy things I’d likely buy very rarely or not at all – prosciutto, smoked salmon, Irish cheddar, leg of lamb, choccies at Christmas. So I spend more, or at least more often than otherwise. Their big jars of marinaded artichoke hearts 🤌
It depends on what you are buying. TP, paper towels, yes it’s cheaper at Costco. Food, not always. It pays to browse the coupons, sales, and even the regular prices at your local stores and compare with Costco prices.
Definitely save money in our case.
Costco is easy to shop because they don’t have crazy options. You want a tennis racket? There is one. You want pasta? They have 2. And what I have discovered is that you cannot find a comparable quality product that their price point. So, if you are okay with the price, just buy it.
However, for bulk food items, if you can’t consume it, you are going to lose money. So, don’t buy a 20lb bag of onions unless you are quick to consume.
I buy milk, greek yogurt, mexican blend shredded cheese, tortillas, mushrooms, bok choy, mangoes, and eggs every 10 days or so. And every month, we buy pasta, pasta sauce (Rao’s) and dumplings. And about every 3 months or so we buy toilet paper, paper towels, vinegar, tomato sauce, lentils, rice, and coffee. Every now and then we try out pizza, ice cream (vanilla super premium is amazing. We mix it with blueberries or some other fruit), tamales, cheese, kimchi, pickles, paneer, tofu, batteries, light bulbs, books, gift cards, and many others.
While some items in bulk have a lower unit price, shoppers tend to spend way more on non-essentials due to Costco’s return policy & excellent customer service.
And can’t forget the gas, $5 chicken & cafe.
i will not buy anything I do not need. I am careful about buying things that might go bad quickly in large quantities. (bananas)
So, Costco saves me and The Mrs quite a bit of money.
We’ve saved money by using Instacart to shop and online order Costco. If we go there we end up spending almost $150-$200 more. I do miss getting a hotdog though.
It can help you save money but it’s also easy to spend more.
The prices are good but if you buy extra stuff then you can spend more. Personally, I also feel like they have more stuff that is of good quality too
I buy my meat at Costco and vacuum seal it. I save significant amounts every year doing this.
Ove learned to avoid anything perishable. No way I’m eating all that bread in time even if it’s a really good deal.
We do a lot of big batch food prep for freezer meals. I can buy bulk ingredients which typically makes me come out ahead financially. I usually don’t stray far from my list but sometimes there are some “I gotta have that!” Items.
The value at Costco is good, partly because the quality is better. It’s not the cheapest place, but what you do pay for is generally worth it, provided you’re not buying a bunch of stuff you don’t need.
Gas, salmon, rotisserie chicken, the food court, and some bulk goods are cheaper than most places. The brisket is typically the best price of anywhere in my area.
But if you’re trying to cut every penny possible, I’d just do my shopping at WinCo and grocery outlet.
There are only certain products at Costco thats worth getting for its price (toilet papers, paper towels, ziplock bags, olive oil but its like $50 for a pair now). There are also some grey areas too (bulk meats). Everything else is made for you to spend more money.
Personally it saves us a ton of money on essentials. We really aren’t buying a lot of things from there we don’t need (mostly just food). The alternative is a grocery store near by that has absolutely terrible prices.
It just depends. For some things, having so much means you’ll use more so it doesn’t save anything, or it might go bad and you’ll throw it away. Other times, costco won’t necessarily be the cheapest but it will have higher quality for the price of a cheap one, for example ice cream. So in that case you’re getting a ton of a higher quality thing for the same price.
Other times it’s just straight up cheap. Some of their clothes and food items are just the best price you can find so overall they save money.
It’s similar to owning a credit card, be responsible with it and it will be a net savings and benefit for you to use it.
If you have storage space for staples that keep (like paper towels, toilet paper, etc) and your family consumes the perishable items (food etc) it’s a great deal
Costco’s profit model is to pass along all the stock for their cost. The annual membership fees are pure profit. That means the more you buy, the more you save.
Makes you spend more. Saving tip: shop at Aldi’s.