4 Ways to Save Money at Costco in 2024

The reason many people join Costco is because the warehouse club is known for its competitive prices on everything from groceries to clothing to electronics. If you’re looking to save more at Costco in the new year, here are a few strategies to focus on.

1. Get the right membership

Costco offers two types of memberships: basic membership and executive membership. The former currently costs $60 per year and the latter costs $120 per year.

However, the Executive membership offers 2% cash back on Costco purchases. So, if your spending is high enough, the Executive membership can save you money compared to the basic membership, despite its higher cost.

Assuming these membership fees remain the same, $3,000 is the break-even point for an executive membership upgrade. If you spend that amount at Costco over the course of a year, you’ll get $60 back, an amount that covers the exact difference between the two membership fees. If you spend more than $3,000, you can save even more with an Executive membership.

2. Purchase Kirkland products

Kirkland is Costco’s signature brand and can be found on everything from baked goods to paper products. You may be used to taking certain brands home, but take a look at the packaging while shopping at Costco. The Kirkland brand will be a less expensive choice in most cases.

Points to note: A 12-pack of Kirkland tissues currently costs $19.99 online, or $0.02 per tissue. A 12-pack of Kleenex tissues costs $24.99, with a cost per tissue of $0.03.

3. Shop in stores instead of online

Online shopping may be convenient, but if your goal is to save money at Costco, it’s better to stick to in-store shopping. Many of the items you find on Costco.com are available in stores at lower prices.

Additionally, many items found on Costco.com are part of the Two-Day Shipping Program. This means you must meet the online order minimum of $75 or pay shipping fees. And you don’t have the option to have your items shipped at a slower speed for free. Items designated for two-day shipping fall into that category, even if you’re willing to wait.

4. Don’t be shy about asking for a price adjustment.

Prices at Costco can change from month to month. And you should know that Costco offers price adjustments if the price goes down within 30 days of your purchase. Simply fill out our online order form or contact customer service if you purchase in person. .

That said, if you need to request a price adjustment at your local Costco store, your best bet is to go during off-peak hours to avoid long lines. You can make money by showing up as soon as the Costco doors open and running straight to the customer service area. Otherwise, go at night closer to closing time.

The purpose of paying for a Costco membership is to save money on the products you buy. These tips could help you save more in the new year, so be sure to incorporate them into your shopping routine.

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