I just got my executive membership rebate in the mail last week. It was a check for $100. Doing some quick math, at 2% rewards, that means I spent $5000 at Costco over the course of the year. Though some may gasp at that number, let me tell you what we buy there:
- Pretty much all of our food ever (with the exception of a few items such as condiments, onions, and minor cleaning supplies). We don't eat out too much, so the $5000 includes breakfast, lunch, and dinner for a whole year.
- Pictures. We print lots of picture through costco.
- Staples such as laundary detergent, toothpaste, trash bags, diapers, wipes.
- Gas. It's cheaper there than it is anywhere else. I love the fact that I don't have to go to a different place to gas up. (The gas doesn't count towards my 2% cash back on the executive membership).
- Applicances. Last year we bought a rice cooker. We also bought a KitchenAid (it was actually a gift, but bought on our card so counted towards our rebate). I've also bought tools and other stuff there.
- Clothes. I'm a dork. I buy my clothes at Costco. We have several of Megan's outfits there. I have worn Kirkland Signatures $14.99 Court Classic Tennis Shoes for the past 4 years now. They've taken me up Mount Timp 3 times and gone on countless hikes here in Washington. I love striking up conversations with fellow Court Classic wearers. One of them happened to be a director of engineering at Boeing. I had a fun chat with him...we're good friends now. Maybe my shoes will land me a job as CEO of Boeing....one can only hope.
I'll try to dispel a few myths about Costco:
- "The membership cost isn't worth it." As described in the first paragraph, I got a rebate for $100. I paid $100 for my executive membership, so I got a free year of membership because I used it so much. One nice thing about the executive membership is that if you don't make at least $50 back (which is the added cost of the executive membership), you can get it reimbursed. I did that last year. They gave me cash. In diapers/wipes alone, I swear I've almost saved enough to justify the basic $50 membership.
- "My family is too small to buy in bulk." This isn't true either. When Tiffany and I were dating at BYU, we shopped at Costco. We split things like milk and bread, and we saved a lot of money on groceries. We freeze lots of things like bread and cheese to keep it from going bad. Buying fruits/veggies in bulk has been great for our health. It has encouraged us to eat lots more. Costco has some great prices on produce.
- "It's impossible to get out of there under $100." If you don't want to spend a lot of money, don't do it. Costco will kill you on impulse buys if you let it. Seeing a 50 pack of snickers for $20 may be a great deal, but you'd go broke if you bought everything in the store just because it is a good deal. Only buy stuff you need. Make a list and stick to it.
- "I can get better prices shopping sales." While this may be true for some sale items, I would argue that Costco is much more economical when you consider your time and gas for shopping. Tiffany and I can go grocery shopping about twice a month no problem when we shop at Costco. We don't bother to sale shop at 10 different stores during the week to beat Costco's prices.
In conclusion, everyone on earth should shop at Costco. It is a worthwhile investment. If you already shop there, try to buy more stuff there. Be wise in your purchases; don't buy stuff that you shouldn't just because it is a good deal.