From the monthly archives:

September 2008

I’ve heard many people argue back and forth about the value of joining a warehouse club. Some people feel that they really save a lot of money by purchasing their household supplies and food in bulk amounts. If you ask them, they’ll tell you that their savings more than makes up for the annual membership fee.

On the other hand, some folks are adamant that there just isn’t that much money to be saved by shopping at wholesale warehouse clubs, and frugal families are just better off taking advantage of sales at their local supermarkets. Coupon-clipping and price-matching can lead to huge savings. Why pay for the privilege to shop at a store?

The reality is that wholesale clubs are great for some people, but not everyone. There are some families who really will benefit from the amenities that wholesale clubs offer. However, other families really won’t. Only by looking at your specific situation can you decide if your family should join a wholesale club.

Factors to consider when deciding if a wholesale club membership is right for you include…

How large is your family? Larger families will benefit much more from a membership at a wholesale club. Think about it for a second. If your family consists of you and your spouse, how long will it take you to use up that giant tub of mayonnaise? But, if you have a family of 5, you could go through that jumbo-sized container of condiments in no time.

What types of things are you planning to buy? If there is one product that you use a lot, a wholesale club membership may enable you to buy it at a much lower price than you normally could. Diapers, snack foods, and paper products are staples at most wholesale clubs.

Will you use the extra amenities the club offers? Many wholesale clubs offer travel agent services, insurance programs, and even custom eyeglass sales. If you can take advantage of these services and cut their expenses out of your budget somewhere else, you may be able to justify the cost of membership.

Click to share this post with friends.

For more great content, remember to subscribe to my RSS feed. Subscribe

{ 0 comments }

The 0% APR Credit Card – Any Benefits?

September 22, 2008

It’s pretty common these days to find 0% APR credit cards. If obtaining a 0% card is on your mind, you would do well to take the time for careful research in comparing all the cards with their offers and benefits. Some companies offer 0% interest credit cards for only an introductory or trial period. [...]

Read the full article →

How to Find Your Money Leaks and Plug Them

September 21, 2008

As the end of the month approaches, do you find yourself wondering where all of your money went? You sat down at the first of the month and planned out a budget. You tried to make frugal choices. Nonetheless, you’re still faced with having more month than you have money. What went wrong? If this [...]

Read the full article →

How to Save Money While Dining Out

September 20, 2008

If you’re trying to live frugally, the first thing that gets cut from your budget is eating out. You know that you can eat at home for a fraction of the cost of eating at a restaurant. So why would you even spend your time trying to find a way to eat out inexpensively? The [...]

Read the full article →

5 Basic Credit Card Safety Tips

September 20, 2008

Ultimately keeping your credit card safe is your responsibility. Indeed, in a worst case scenario, if it can be proven you may have been negligent in keeping your credit card safe, you may find yourself liable for the cost of all transactions made fraudulent on your account should you lose the card. To help you [...]

Read the full article →

What Should You Rent and What Should You Buy?

September 17, 2008

I have to tell you right away, as I write this, that I’m not a big fan of renting. In general, I prefer to own something than to make payments on it and never feel the joy of ownership. However, I realize that in some cases it’s simply not in my best interests to straight-out [...]

Read the full article →

Start a College Savings Plan for Your Child

September 16, 2008

Although no one would argue about the necessity of going to college (or some type of higher education facility after high school), many families aren’t prepared to deal with the rising cost of a college education. When your children are young, you think you have all of the time in the world to come up [...]

Read the full article →

Four Things to Consider When Purchasing a Shredder

September 12, 2008

Today, with identity theft becoming more and more prevalent, it’s easy to see why so many people feel that they need a shredder in their home office. A shredder makes it easy to destroy personal documents, expired credit cards, and even old CD’s. If your home doesn’t have a shredder, you should probably consider putting [...]

Read the full article →

Decorating for Fall on a Budget

September 11, 2008

Fall home décor is my absolute favorite. I love the colors that go with fall; I love the motifs that are associated with fall. My house could be decked out for fall all year long, and I’d still love it. When decorating your house for fall, though, it’s easy to get carried away and lose [...]

Read the full article →

How to Pack a Frugal School Lunch

September 10, 2008

Now that the kids have gone back to school, you’re going to have to get back into the swing of packing school lunches. A good lunch will re-energize your children during their long day of learning. But how do you know what to include? And how do you control the costs of these all-too important [...]

Read the full article →