29 Apr Why Buying in Bulk isn’t Always a Good Deal
I love it. I finally found an article I agree with on grocery shopping. One of my pet peeves is people who always buy in bulk solely because of the cheaper unit price. There’s a major downside to this strategy because it often costs you more money in the long run.
“Case” in point: just because the price per ounce is cheaper on a 5lb tub of mayonnaise doesn’t mean you are getting a good deal. Seriously, are you really going to consume five pounds of mayonnaise before it expires? Unless you have ten children, I doubt it. Not only will buying in bulk cost you more when you have to throw it out, but you will be tempted to keep using it after it expires, which can put you at risk for health issues. There are a few things I disagree with in this article (as usual) but the point remains. It’s only a good deal if you’re going to use all of it before it expires.? Check out the original Yahoo! Finance article on the best stuff not to buy in bulk.Matt Wegner is a personal finance, small business and leadership coach focused on teaching his clients the tools for L.I.F.E. (Living In Financial Excellence). Learn how to save money on groceries by requesting a free planning session today or visit financialexcellence.net.