All of this could save you a lot of money.
- We may not be done with runaway inflation next year.
- The right Costco strategies could result in significant savings at a time when it matters.
- Stock up on gas when you visit Costco, consider buying discounted gift cards, and be sure to check the deals book for potential savings.
Inflation has upset a lot of people’s finances over the past year and has changed. And unfortunately, it has the potential to continue harming consumers in 2023 – even if the Federal Reserve raised interest rates sharply in an effort to curb inflation.
That’s the bad news. The good news, though, is that making regular purchases at Costco could help you better manage your expenses — and reduce credit card tab as part of your family feeling and home maintenance. If you want to enjoy even more savings at Costco in the new year, here are some tips you can try.
1. Stay true to the Kirkland brand
It makes no sense to be a follower of brand names at a store like Costco. Not just Costco’s signature Kirkland perfectly high quality brand on its own, but in fact it is very common for companies you have heard of to sell products under the Kirkland brand. Plus, Kirkland products tend to be available at a particularly competitive price, so if you do your best to favor them, you could save a lot.
Costco Gas stations tend to offer deeply discounted fuel, but it won’t do you any good if you show up at Costco with a full tank. However, if you manage to time your purchases strategically, you can take advantage of these lower gas prices and tick several errands off your list in one stop.
3. Stock up on discounted gift cards
Buying gift cards to use on your own or to give as gifts makes sense at Costco. The reason? These gift cards are often significantly discounted. In a regular supermarket, a $50 gift card for a restaurant chain will usually cost you $50. At Costco, it may only cost you $35 or $40.
4. Check the deal book before shopping
Each month, Costco publishes a list of deals available online and in-store. It pays to read these deals and stock up on items you use regularly that don’t have an expiration date – think paper towels, tissues and napkins that will still be perfectly usable a year from now. .
Best of all, unlike other retailers, Costco doesn’t require customers to cut or remember coupons. If you’re a Costco member and there’s a $5 coupon available for a given item, you’ll get that discount if you buy it at the right time — that’s all there is to it.
Save more in 2023
We don’t know what 2023 has in store for us in terms of inflation. But we know the cost of living is on the rise right now, so any amount of savings you can make in the new year could go a long way. And if you approach your Costco shopping more strategically, you might find that you can save yourself a bundle — without having to skimp on the things you want to buy.
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