Save Money By Bulk Buying
This article is posted under Money Saving Tips.
The price of items are cheaper when they are sold in bulk. This is a fact in almost every case. Always remember this when shopping specially in the grocery. This is a real way to stash away some extra cash in your pocket.
Here are some guidelines to help you start your wholesale experience:
How To Save Money By Bulk Buying
1. List down the things that you often buy and determine which ones you can afford to buy in bulk. Usually these are items that you use everyday like tissue paper. This list doesn’t have to be long, simply start with your basic necessities.
2. Enroll yourself in a warehouse club. Membership is usually free. Items which are usually sold in retail in groceries are available in bulk in these stores like canned goods. In addition, these warehouse clubs regularly give away promotional items and freebies to its shoppers.
3. Always purchase generics whenever you can because these are usually the ones being sold in bulk. Go through your list and determine which ones you can sacrifice on quality and invest on quantity. Cooking condiments and seasonings such as vinegar, soy sauce and salt are your best candidates for this category.
4. Be aware of the shelf life of your items. Avoid buying products which will spoil before you have the chance to use it. Always consider the rate of your consumption to be able to determine the quantity you need. One strategy I use is to tell my neighbors and friends about my plans to shop and ask them if they’d like to share the expenses to some items. Not only am I helping them save money on bulk prices but I’m also saving them the time and trouble of going to the grocery.
5. Prepare your home for the influx of stocks. This is a good opportunity to organize and clean up your house. Be sure that you will have enough and appropriate space for storage or else you will be compromising the shelf life of your products.
6. If you don’t have the budget to buy in bulk or if you don’t want to stock on a particular product then consider just buying the largest available size for the merchandise. Personally, I often switch shampoo brands so I prefer not to buy these in bulk but I would always buy the biggest size available whenever I buy one. Be aware though that because larger sizes would require more expensive packaging, some items are not cheaper in size. Do some simple math by dividing the price of the item against its weight or volume and see which one is cheaper on a per unit basis.
7. Lastly, try to compute if the items are really cheaper in bulk. Simply divide the price with the quantity and see if it’s less than the retail price. You’ll be surprised that some items are actually more expensive (maybe because of the packaging) or they cost the same in retail. Obviously, you can skip buying these products in bulk. I learned this the hard way when I bought a particular laundry detergent, but I’m much wiser now.
For more money saving tips, subscribe to Ready To Be Rich.
Photo courtesy of Apollonia
Choose the next article that you want to read:
Valuable Tips on How To Save Money on Groceries
We spend a lot of money on food. If you monitor your monthly expenses, you’ll see that it takes up around one-third of your monthly budget. That’s why if you want to save some money, looking into one’s food or grocery spending can be a good place to start. In my years of independent living, I have...
How To Save Money When Buying Things You Need
Saving money all starts from knowing what you want and what you need. Your “wants” may just be non-essential things that you can do without – so NOT buying them would be the best way to save money. However, when it comes to your “needs” – buying the cheapest available is not always the best solution. Below are...