Advertising
Advertising

You May Never Know These 10 Ways To Save Money At Costco If You Miss This

You May Never Know These 10 Ways To Save Money At Costco If You Miss This

It’s no secret you can already save money at CostCo just by shopping there, but that isn’t the only way to get more bang for your buck out of the warehouse retailer. Savvy shoppers can find ways to keep even more cash in the bank by employing a few additional tips, tactics and strategies when they head out to do their shopping. If you’re ready to hang on to more dough, here’s 10 ways to save even more at CostCo.

Shop Seasonally

Like all retailers, CostCo has massive markdowns right after the holiday season where you can reap massive rewards. You should also know that CostCo does a big price cutting right after summer as well, so at the first nip of autumn, you should make a point of heading in to stock up for the next year. You’ll also want to keep your receipts just in case another retailer, or even CostCo itself, slashes their prices on some item you just bought so you can take advantage of their price matching guarantee.

Get Online

Going to a CostCo outlet can sometimes be a hassle. There are crowds to contend with, parking lots, and battling another shopper to the death over the last case of A-1. This isn’t always necessary. CostCo recognizes that it can be a headache to shop at their outlets which is why they offer additional bargains, deals, coupons, and offers to people who skip the trip and shop online. You’ll often find discounts on items that are only available through their website and online deal codes that will save you cash. Most of the time shipping is included and you can be guaranteed to get your item, while inventory at the actual store might be depleted.

Advertising

Shop Without a Membership

If you want to save money at CostCo without coughing up the yearly membership fee, you can get in the door by having a CostCo cash card that a member bought for you. That is all that is required for you to help yourself to the heaps of savings available inside. You don’t even need to make your entire purchase with the card. If you have a cash card worth only $25 and you rack up a couple of hundred bucks worth of merchandise, you can simply pay the difference with one of their accepted payment methods. Now that’s sneaky saving.

You can also buy a membership, stock up in a few massive trips and then cancel it by saying you were not satisfied. CostCo has a 100% money-back guarantee. If you claim you aren’t happy with your experience, you’ll get all your membership costs returned.

Crack the Codes

The way a true guru knows to save money at CostCo is to learn the secret price codes. Each sign has a few things to note so that you can determine what are the best buys and what you should pass by. Here’s what to know:

Advertising

  • If a price ends in 88 cents or an even dollar amount it is a manager’s markdown. They make these when they need to get rid of an item very quickly. It is specific to each store and tells you that they really want you to buy so these will have a much lower price than usual.
  • 97 cent steals: Ordinarily an item ends in 99 cents, so if you see “97” at the end it has been cut down from its usual price. These are usually the items that give you the most savings so it is worth taking a look.
  • Prices with odd cents amounts (examples: 49, 59, or 79 cents): These are items that CostCo bought cheaper from the manufacturer and they are passing the savings on to you. You won’t save as much as the other methods listed, but it still might be worth checking.

Welcome to Kirkland

Kirkland is CostCo’s store brand and by buying Kirkland products you can save a bundle. Here’s the best part: They are often made by name brand companies at a lesser price. Pureology makes the Kirkland shampoo. Bumble Bee makes the tuna. Huggies makes almost all of the diapers, and Humboldt Creamery makes the Kirkland Signature ice cream. The best is the booze. Grey Goose handles their vodka while Jim Beam makes their bourbon.

Kirkland is meant to be a high-quality brand so CostCo doesn’t skimp. Some of their stuff is not great but the majority of the time you’ll get materials that are equal-to or even better than the name brand at a fraction of the cost.

Do The Math

This is a smart shopping practice no matter where you go. Carry a flyer from local grocery stores with you whenever you go to CostCo and do a price analysis breakdown. Bulk items seem cheaper because you’re getting more of them, but sometimes the price per item isn’t actually a savings. Divide the price by the number of boxes, ounces, or units you are getting and then see how it compares to other places. You’ll be surprised at how much you might save by skipping the bulk purchase and getting the same thing from another source.

Advertising

Know Where you Aren’t Saving

There are three primary areas that are actually more expensive at CostCo than they are elsewhere: office supplies, paper goods (toilet paper, paper towels, etc.), and soda are all typically more costly than if you had gotten the same item from another store. This is why doing the math pays off. You’ll find out that by breaking the illusion that you always save money at CostCo by buying in bulk you’ll keep more in the bank.

Buy Bulk Meat

You’ll need a vacuum sealer and a decent freezer for this tactic, but it can save you hundreds on butcher costs. Get a big slab of beef, a rack of ribs, or one of their other massive meat deals and then cut it into portions for freezing. With a good vacuum sealer your meat won’t get freezer burned and you’ll be able to live out a zombie apocalypse in the lap of meaty luxury.

Do a Perimeter Sweep

The center aisles are where CostCo will try to trap you into making impulse buys. Thanks to the warehouse layout, it is easy not to get sucked in by these tricks. Do a loop around the store that doesn’t take you past the snacks, the electronics, or the DVD sections. Every store uses the same tricks to drive you into the middle where you’ll drop hundreds on stuff you don’t need. Get your eggs, your milk, your produce, and your frozen goods, then escape the CostCo clutches.

Advertising

Give it Back

CostCo has a glorious return policy that you should know about and use. You have two years to return almost anything – yes, that often includes frozen foods that spoiled or got freezer burned – and they have a price matching option that gives you 30 days to prove their item was cheaper somewhere else and they’ll refund you the difference. Just make sure you keep your receipt!

Featured photo credit: Jon Sullivan via public-domain-image.com

More by this author

You May Never Know These 10 Ways To Save Money At Costco If You Miss This How To Write the Perfect Thank You Email After Your Job Interview Cover letter 8 Things You Should Never Say In Your Cover Letter But Probably Have

Trending in Money

1 How Personal Finance Software Helps You Get More Out of Your Money 2 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 3 How to Answer the Tough Question: What are Your Salary Requirements? 4 The Definitive Guide to Get Out of Debt Fast (And Forever) 5 35 Real Ways to Actually Make Money Online

Read Next

Advertising
Advertising
Advertising

Last Updated on January 2, 2019

How Personal Finance Software Helps You Get More Out of Your Money

How Personal Finance Software Helps You Get More Out of Your Money

Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

What Exactly is Personal Finance Software?

Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

Advertising

How It Leads to Financial Improvement

It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

Types of Personal Finance Software

When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

Advertising

Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

When to Use Personal Finance Software

So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

1. You Have Multiple Accounts

There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

2. You Want to Automate Some or All of Your Payments

Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

Advertising

There’s no need to log into every account you have and type in your routing number either.

With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

3. You Need to Streamline Your Budget

Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

4. You Have Specific Goals to Meet

Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

Advertising

How to Get Started

From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

Final Thoughts

Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

Featured photo credit: rawpixel via unsplash.com

Read Next