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| Credit Answers > Debt-Management-Articles-2010 > Buying In Bulk |
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Would buying in bulk be beneficial to your budget? Could it help you save toward your debt settlement program? Warehouse retail chains can be tempting to join but before you hand over your hard-earned cash, consider whether the benefits
would be worth the price of membership.
What Should You Buy In Bulk?
The answer to this question is usually different for each individual or household. There are really no rules as to what you should or should not purchase in bulk - that depends on
individual or family preferences. Think about what you or your family use on a regular basis. For example, you might save money by buying larger quantities of any non-perishable
food items that you use often. Staple foods with a long shelf life might also be wise bulk buys.
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For example, if you love to bake bread it might make sense to stock up on flour, sugar, etc. Try to consider how much of an item you would really use. You won't be getting a deal if you purchase an item in bulk that will
go to waste because you cannot eat or use it by the expiration date!
Calculate Price Per Unit.
Be aware that bigger doesn't always mean cheaper! According to www.TheSimpleDollar.com, you should always check the price
per unit of an item before purchasing, especially when buying in bulk. Saving money per unit could really add up over time. You can usually find cost per ounce, pound, liter or
other unit of measure listed alongside the price. If the unit cost is not listed, Francine Jay, author of 'Frugillionaire,' suggests carrying a calculator with you when you shop or
use the calculator on your cell phone if your model features one. Just divide the item's price by the amount in the container to come up with a per-unit cost.
Consider Your Storage Options.
Do you have room to store your bulk items? If you are short on storage space, there may be a solution for you. The writers of www.WiseBread.com
suggest utilizing unused space as storage. For example, consider an 'under bed' pantry to store bulk toilet paper or other non-perishable toiletries such as cotton balls, shampoo,
deodorant, cotton swabs, laundry soap and toothpaste. Items could be organized in under-the-bed storage containers.
Discount stores often sell over-the-door shoe racks or shelving which could also serve as an option for your bulk storage. If you have a little extra closet space, hanging shoe
racks with tough fabric pockets might be a good idea for canned items. Wasted corner space? Make your own pantry by stacking bulk items in the corner. Then you could run a rod or
cable across the corner and hide your 'pantry' with an inexpensive curtain fabric. A folding screen room divider might also work if you have one.
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