Here Is How Much You Can Save With a Costco Membership
It seems like a good idea — getting that membership to Costco so you can save lots of money on groceries and household products. But if you’re on the fence about whether a membership would be right for you, take some time to check out Costco’s online site to see what products it has that you’re interested in, or visit a location in person to look around.
You can get a Costco membership for as little as $60 per year, which averages out to about $5 per month. If you shop once a month, do you think you can rack up at least $5 in savings during a single trip?
To help you gain perspective and see how much you can potentially save with a Costco membership, here’s a look at the price of a few Costco signature products versus the price of similar products elsewhere.
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Olive Oil
How much you could save by buying the Kirkland product: $9.97
Olive oil can be expensive and quality matters. According to the experts, Kirkland’s Signature Organic Extra Virgin Olive Oil is high-quality olive oil. A two-liter bottle of Kirkland Signature Organic Extra Virgin Olive oil is just $20.99 at Costco.
To compare, the equivalent product costs $30.96 at Walmart.
Maple Syrup
How much you could save by buying the Kirkland product: $4.02
There’s nothing like pure maple syrup on your pancakes. You can get Kirkland Signature Organic Pure Maple Syrup for $14.99 for 33.8 ounces -- $0.44 per ounce. To compare, Private Selection 100% Pure Grade A Amber Maple Syrup at Kroger is $17.99 for 32 ounces -- about $0.56 per ounce.
Dishwasher Detergent Tabs
How much you could save by buying the Kirkland product: $29.84
At Costco, Kirkland Signature Platinum Performance UltraShine Dishwasher Detergent Pacs, 115-count, are $13.99. At Kroger, Finish Powerball Quantum Dishwasher Detergent Tabs, 27-count, are $10.29.
Kitchen Trash Bags
How much you could save by buying the Kirkland product: $18
Kirkland Signature Flex-Tech 13-Gallon Scented Kitchen Trash Bags, 200-count are $19.99 ($0.10 per bag). Kroger Tall Kitchen 13-Gallon Bags (34-count) are $6.49 ($0.19 per bag).
Is a Costco Membership Worth It?
If you bought every item on this list instead of buying the similar products from Kroger, you could save about $62 in just one trip to Costco, which more than makes up for the $60 membership fee. And that’s just one trip. The membership fee is due once every year, so think about how many more opportunities you’ll have to save.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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