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Will Buying in Bulk Really Save Money?

October 8, 2011

Back to Simplify Your Life with Elaine St. James to see what her next tip is.

“Buy in bulk.”

Going to her local wholesale store once to twice a year has saved her a great deal of time and money. She says that she buys “paper towels, Kleenex, detergents, cleansers, pet foods, toothpaste, shampoos, shaving creams, rice, grains, legumes, nuts, and baking supplies.”

Here are a few of my thoughts since I know you are all on the edge of your seats as wait for my opinion.

1. Does the cost of the yearly membership at the wholesale club outweigh the amount you will save by buying in bulk?

2. Do you have room to store all of these extra products in your home?

3. Could you get the same cost savings by clipping coupons from the newspaper and searching for others online once every week or two before shopping?

4. Are you computing the cost per unit? Not everything sold in bulk is cheaper than at other discount stores. Try using that handy calculator on your smart phone unless you are great with arithmetic in your head.

5. Are you using your large amounts of food products before they go bad? Most dry and liquid ingredients have some length of shelf life and some of them are surprisingly short. Once packages are opened, their shelf life decreases dramatically. Keep a permanent marker in a kitchen drawer and mark packages of baking soda, baking powder, vanilla extract and others with the date they are opened. Then keep this handy guide nearby, perhaps on the refrigerator.

If you would like this as a Word document, click for the shelf life of baking ingredients.

Happy shopping, fellow bargain lovers!

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From → Saving Money

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