Debt and Credit

The Smart Shopper’s Guide to Not Spending Too Much at Costco

You may earn a commission if you click on the products and services below. Opinions are our own,
but compensation and intensive research determine where and how they appear. Learn more about how we make money.

Many people go to Costco to save money. But because of the dealer’s wide offering, it’s also easy to overspend when you visit the dealer.

Costco offers everything from cleaning supplies, clothing and food to electronics, home furnishings and furniture. While that’s convenient, it can also lead you into the trap of buying what you don’t need. This guide will help you shop with purpose so you can stick to your budget.

1. Never shop when you’re hungry

A hungry stomach makes it hard to resist throwing snacks in your cart that aren’t on your shopping list. Eat a meal before shopping at Costco so you can resist buying things you don’t need.

2. Check unit prices

Knowing your grocery store’s prices for essential food items can help you determine if Costco is really giving you a good deal. Many Costco shoppers buy in bulk to save money on non-perishables, but it’s important to make sure the discount is worth the bulk purchase.

However, buying things like peanut butter, maple syrup and toilet paper from a grocer can lead to big savings.

Save Smartly: Manage your money with Rocket Money’s budgeting app, one of Money’s favorites

3. Go shopping with a plan

Because Costco offers so many items, perusing the aisles can lead to spending more than you planned to buy and a huge grocery store. Big box stores are also known for arranging their layouts in a way that encourages you to buy more than you might need.

Create a shopping list before going to the store and stick to buying only the items on your list. If part of Costco’s appeal is finding new, discounted items, budget for extra items to throw in your cart.

Gold Offer: Sign up with American Hartford Gold today and get a free investor kit, plus get up to $20,000 in free silver on qualifying purchases.

4. Do a storage and waste study

Buying in bulk can be a great way to save money, but it can lead to you having more stuff than you can keep. One solution is to do a short inventory check before buying a bulk item. Make sure you have room for the item before you go shopping.

Another solution is to split bulk purchases with a friend or neighbor. That way you both save money and you don’t have to keep more than you need.

Remember that buying perishables in bulk may sound like you’re getting a discount, but doing so can have negative consequences if you allow food to expire. That’s why you should only buy bulk perishables if you plan to freeze, share or use them quickly.

More Money: See how you can get up to $1,000 in stocks when you fund a new SoFi investment account

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button