Costco Retirement Plan: Everyday Shopping That Pays
Shopping at Costco can save you a big chunk of change, thanks to retailer deals and discounts on food, clothing, cleaning supplies and more.
By heading to a warehouse for your everyday essentials, you can free up space in your budget — and retirees, who can no longer afford a steady paycheck, should take advantage. Purchases related to your health, home and security, for example, can offer you significant savings.
Costco pay for retirees
Shopping at Costco isn’t free; you will need to pay a membership fee to enter the warehouse doors. But you may be able to save enough to pay that money back quickly. Here are five things retirees should consider buying at Costco.
1. Home security
If you’re looking for home security products like security cameras, doorbell cameras, motion sensors, smart door locks and more, Costco has many options to choose from. You can browse offerings from companies like Reolink, Ring and SimpliSafe online.
You can also save money on batteries and long-lasting LED lighting by buying them in bulk at Costco.
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2. Health and personal care
Bulk vitamins and supplement orders at Costco can help your wallet a lot while making sure you’re taking care of your health. The warehouses also have pharmacies where you can get flu and COVID shots and travel vaccines, and pick up prescriptions (for yourself or your pet).
Retirees may want to look into finding eye and hearing aids at Costco, as well as buying personal care items — shampoo and conditioner, toothpaste and deodorant, for example — in bulk to save.
3. Spontaneous contributions
Costco offers auto services to its members, such as a free tire installation when you buy tires at a Costco Tire Center. Those tires come with a five-year road hazard warranty. Car owners who are Costco members can receive a 15% discount on parts, service and accessories at participating service centers.
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4. Furniture
Costco offers a variety of furniture, such as mattresses, tables, sectionals and desks. You can often find discounts on popular brands and furniture delivered to your home.
5. Gas
When you pump your gas at Costco, you can save a lot. The retailer offers low rates to bring people to its warehouse, which means you can save both time and money by combining your shopping trip with a trip to the gas station.
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How to shop at Costco tips
Shopping strategies at Costco can reduce the total value of your home and free up space in your budget. That way, you can get more miles in your nest egg when you retire.
You don’t have to be a thrift store to benefit from bulk buying. Costco members can save big by buying non-perishable items in bulk. You can make these orders yourself or team up with friends and neighbors to buy items in bulk, split purchases and save.
Before going to Costco, make a list of things you need and can buy in bulk, such as olive oil, peanut butter, toilet paper and cleaning supplies.
