![]() However, being a member gives you access to the store’s prescription drug discount program. You don’t need a Costco membership to use the store’s pharmacy. So on this item alone, Costco could save you $646 - more than 10 times the membership fee. The cheapest competing brand would cost $1,679. Making that amount from Costco’s powder would cost about $1,033. In its first year, a baby goes through about 10,767 ounces of formula. Each ounce makes about 5 ounces of prepared baby formula. Powdered formula costs as little as $0.48 per ounce, compared to $0.78 per ounce for the cheapest brand at Amazon. That’s a little over half the cost of Mama Bear wipes.īut perhaps the best baby bargain Costco offers is formula. Kirkland baby wipes are also a bargain at roughly $0.02 each. But with Costco diapers, you don’t have to wait for delivery - a major concern when your supply is running low. That’s about on a par with diapers from Mama Bear, Amazon’s house brand. At the top of the list: disposable diapers.ĭiapers from Kirkland, Costco’s store brand, cost only $0.17 to $0.19 apiece. If you have a new baby at home, Costco can save you a bundle on baby expenses. There are several types of goods and services cheap enough to make a Costco membership pay for itself - at least, for the right person. If you’re currently spending a lot in these categories, you can definitely save enough at Costco to offset your membership fee. There are some categories in which Costco can really save you a lot of money. The answer to this question depends on your current household expenses. If you spend $3,000 at Costco every year, will you really be saving money? Will you buy products that would cost more than $3,000 if you bought them elsewhere? Or will a lot of that $3,000 be money you wouldn’t spend otherwise? Top Reasons to Consider a Costco Membership If you spend less, it’s not worth the money.īut this just raises another question. If you spend more than that, the higher-tier membership is a good bargain. If you buy $3,000 worth of stuff at Costco every year, your Executive membership will pay you $60 in cash back - just enough to pay for itself. Simply put, it’s worth it if the 2% cash back on purchases offsets the extra $60 per year. It’s fairly easy to calculate whether it’s worth upgrading from a regular Gold Star membership to an Executive membership. At that rate, if you’re spending $192 or more per year on the website, it’s cheaper to become a member and shop in the store. That brings the total cost premium of shopping on the website as a nonmember up to 31.5%. ![]() Or, to put it another way, prices on the website were 25% higher. An analysis by the San Francisco Chronicle found that in-store prices were an average of 20% cheaper. However, nonmembers pay a 5% surcharge on all purchases, on top of shipping fees.Īlso, prices on are often higher than they are at the store. You don’t actually need a membership to shop on. These include first responders, military service members, medical professionals, government employees, teachers, and students. For instance, your $60 fee could get you a membership plus a gift card or a book of coupons for extra savings.Ĭostco also offers special deals on membership for members of certain professions. Daily deal sites like Groupon and LivingSocial occasionally offer discounted memberships or package deals. It’s sometimes possible to join Costco for less than full price. However, you can also buy items for resale and add extra membership cards at $60 each. You have the same two tiers to choose from, with the same pricing and perks. If you’re a business owner, you can choose a business membership instead. ![]() This tier also gives you discounts on Costco services and a subscription to Costco’s member magazine. For $120 per year, you can become an executive member and get 2% cash back on all Costco purchases. It also gives you a discount on purchases at. It comes with two household cards that get you in the door at all Costco locations. This basic membership costs $60 per year. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. Motley Fool Stock Advisor recommendations have an average return of 397%.
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