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Save money on your grocery and home office bills by buying in bulk.
If you think your family won’t benefit from purchasing grocery and paper goods in large quantity, think again. You may be able to save hundreds per year, simply by changing the way you shop. Be warned, however, as not every purchase at places like Sam’s or Costco is a great deal. Here are a few tips to help you shop bulk item stores with success. Purchase Only the Things You’ll UseOne hazard of shopping at bulk item stores such as Sam’s Club or Costco is the excitement in seeing so many items priced so reasonably. You may be tempted to throw many more goods in your cart than you normally would. Unless you’re going to use the larger quantity before the item spoils or becomes ineffective, leave it on the shelf. Remember, it’s only a deal if you’re going to use it. Consider a Business MembershipIf you qualify for a business, rather than individual, type of membership, it may be worth the cost. Oftentimes business members are privy to offers that individual memberships are not, such as eye care benefits, printing discounts, and extended shopping hours. Compare Unit PricingNot everything at a bulk item store is a deal. Before you make a purchase, do some homework at your local grocery store. Take a notepad and paper and write down the unit pricing of each item you plan to purchase. Stop in at the office supply store if you’re planning on buying paper goods as well. When you have your list complete, go to the wholesale store and compare the unit prices of each item. Most bulk rate stores have unit pricing clearly marked on the sale price. If not, bring along a calculator and divide the total units by the price. You may be surprised at the results. Invest in a Freezer ChestMeat and poultry are often greatly reduced for quick sale on weekends. Don’t shy away from buying meat simply because it comes in extra large packages. Instead, invest in a stand-alone freezer and break up the meat by serving size for your family. Put each serving in a freezer bag and pull out only when you need it. Cookies and breads can also be frozen. Eat Before You ShopAvoid the pitfall of shopping when you’re hungry. Eat first to prevent buying items that just look good at the moment. When your stomach is full, your brain can focus on prices rather than hunger. Clear Out Space in the Pantry or BasementTake stock of shelf and cupboard space at home before you shop. You may need to get a few plastic containers or other storage items to neatly organize things before you need them. Get a system in place that makes it easy to restock items. If you have to struggle to find or retrieve bulk items you’ll be less likely to use them. Buying in bulk can save hundreds of dollars per year if you take full advantage of the options available. With these tips, your family can not only save money but remain organized as well.
The copyright of the article Buying in Bulk in Personal Budgeting/Finance is owned by Cherie Burbach. Permission to republish Buying in Bulk in print or online must be granted by the author in writing.
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Sep 21, 2009 10:19 AM
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Sep 21, 2009 4:18 PM
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