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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.

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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:

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  • 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.

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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.

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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

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Last Updated on April 3, 2019

How to Nix Your Credit Card Debt in Less Than 3 Years

How to Nix Your Credit Card Debt in Less Than 3 Years

Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

Hint: there are ways that are easier than you think.

1. Consider Consolidating Multiple Credit Cards If Possible

This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

2. Try to Pay the Full Balance You Spent Each Month at the Very Least

You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

3. Pay Extra When You Can – Every Small Amount Counts

This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

4. Create a Plan on How to Pay Extra

Back to the main point, having this plan is giving you one less thing to think about.

This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

5. Cut out Costs for Services You Do Not Use

If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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6. Get Aggressive About It

Consider these points:

Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

7. Reevaluate Your Progress at Set Intervals

Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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Finally (and most importantly)…

8. Keep Trying

Do not get discouraged. Pushing it off will make it worse. Just keep trying.

Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

Start Knocking out Your Debt Today

The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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Featured photo credit: Pexels via pexels.com

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