Is a warehouse club membership right for your family? Ask yourself these 3 questions before joining to make sure you’ll save and not splurge!
Does a Warehouse Club Membership Save You Money?
There’s no doubt about it, warehouse club memberships, like those to Sams Club warehouse, BJs Wholesale Club, and Costco warehouse club, can be tempting. This is especially true when you’ve got a growing family and/or a tight food budget. However, do warehouse club memberships really save you money?
Unfortunately, coming up with the answer isn’t as easy as solving 2+2. Nope, the answer varies from family to family and can even change over time. A warehouse club membership may not be a good fit right now, but a few years down the road when you’ve got teenagers eating you out of house and home? Then a warehouse club membership may make perfect sense.
Watch the video below for the 3 questions that’ll help you determine if a warehouse club membership will save you and your family money.
To summarize the video, there are 3 questions you need to ask yourself when contemplating a warehouse club membership:
1. Can you recoup the membership cost each year?
The answer to this will depend on how much you’ll spend at the store each year. Start by looking at your past grocery bills and your budget. (You knew that was coming, right? 😉 )
2. Does the warehouse club have enough items you buy regularly and are those items a better price at the warehouse store than your normal grocery store?
The best way to figure this out is to take some past grocery store receipts and make a list of common items and what you paid. Then check out a warehouse club (like Sams Club warehouse) and see how things compare.
Keep in mind that Sams Club warehouse and Costco warehouse club do not accept coupons, so your chances to save extra are pretty limited. (BJs Wholesale Club does accept paper coupons.)
3. Can you stick to a grocery list?
Are you an impulse buyer? If so run as fast as you can away from Costco warehouse club (and other warehouse stores). They’re full of tempting items that are sure to have you going way over budget unless you have an iron will!
Answering these three questions will help you decide if a warehouse club membership is the right option for your family.
At the end of the day, you may be able to skip the cost of a warehouse club membership and just squeeze a few more pennies out of your food budget by utilizing some of my grocery shopping money saving secrets.
Looking for more ways to save money? Get inspired by following the Frugal Living Ideas and Money Saving Tips Pinterest board!