Every Monday in 2015, I’ll be sharing a different idea to help you save money! Add all of these tips to your frugal repertoire and you’ll be able to save a lot of money this year! I hope you’ll gather a few new ideas or at least some inspiration from this series.
For today’s 52 Ways to Save post, we’ll be talking about buying items in bulk!
I find that buying items I use often end up being cheaper in the long run when I purchase them in large quantities. Most grocery stores sell items in bulk which can result in a lower price. (When you’re comparing the cost per weight between a small package and a large package). For example, purchasing a 10kg bag of flour is cheaper (according to weight) than a 5kg bag.
However, it’s not always good to buy everything in bulk. Take the example of a 10 pound bag of potatoes For our family specifically, since it’s just my husband and I and our daughter (who doesn’t eat much), buying the big 10 lb bag of potatoes is not a good use of money for us. If I purchased the large bag there would be guaranteed waste. Which is essentially like throwing money down the drain!
What to Buy in Bulk
What you should buy in bulk will depend on your own family. Take a look at the items you regularly buy a lot of that have a long shelf life or will keep well in the freezer.
For our family, I buy flour, tomato soup, rice, meat and beans in large quantities. Up until recently, I was also buying large boxes of diapers and baby wipes.
What not to Buy in Bulk
Buying in bulk can often save you a lot of money in the long run, however there are times when it’s wise to skip the large quantities.
1. Don’t buy things you won’t use up in time
Going back to my example of the 10 pound bags of potatoes. As I mentioned, this would not be a smart purchase for our family because I know all the potatoes won’t be used up in time.
2. Don’t buy things if you’re not sure you’re going to love them
Sure, that big bag of dried beans may be a great deal, but if your family doesn’t love beans then that bag is just going to sit around collecting dust. You may have good intentions in wanting your family to eat more beans, but you are better off getting them used to the taste of beans with smaller bags or cans.
3. Don’t store your bulk items carelessly
Make sure to store your bulk items properly and check them often. the last thing you want to do is find your grains bug infested! Many bulk items can be frozen to extend their life. Here are some things that freeze well:
- Meat (either cooked or uncooked)
- Fresh fruit (strawberries, peaches, cherries)
- Vegetables (beans, corn, tomatoes…etc)
- Breads, pastries and baked goods (cookies, muffins)
- Cooked rice
Another option for bulk purchases is splitting a large purchase with friends or family members. You’ll all reap the savings while reducing the possibility of waste because you have a quantity that is more manageable for each family.
So tell me, do you buy in bulk? Have you ever made a bulk purchase mistake?
See the other articles in this series, here.