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Why January is the perfect time to shop at Costco

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A person shopping in the freezer aisle with a cart full of groceries.

Image source: Getty Images

The funny thing about Costco is that some people love shopping there, while others dread the thought of going to their local warehouse store. And it’s easy to see why.

Shopping at Costco can be an overwhelming experience. The stores are huge, the selection is vast and sometimes the checkout lines can be long. And so if Costco is the type of store that only hits your rotation once in a while, you might not be as motivated to visit in the weeks to come.

But if you’ve committed to spending less money in 2023, it’s a good idea to get into the habit of shopping more regularly at Costco. And it’s worth visiting Costco in January, when you might be especially mindful of how much you’re spending.

An easy way to save

Maybe your nearest Costco store isn’t as conveniently located as your favorite supermarket. Or maybe you have a Costco three miles down the road, but you don’t like shopping there. Either way, if one of your top New Year’s resolutions for 2023 is to spend less and add more money to your savings account, then integrating Costco into your shopping routine could help you. help achieve this.

Costco is known for its low prices on everything from shelf-stable groceries to produce dairy to paper goods. And if you tend to go through cleaning supplies and toiletries quickly, stocking up at Costco might leave you with a lower credit card tab.

Meanwhile, January is when a lot of people tend to pay more attention to what their various bills are costing them (it’s all part of that “spend less, save more” mentality). So if you shop at Costco this month and then compare your bills to the ones you’re racking up at your local supermarket and big box stores, you might realize just how beneficial it is to do run a Costco more frequently.

Shop wisely

Even though Costco offers a world of great deals for members, it’s still important to take a strategic approach to shopping there. On the one hand, assess your storage capacity before you go shopping. You might find your favorite frozen and dairy products at a super low price, but it won’t do you any good if you don’t have room in your freezer or fridge.

Also, do your best to plan your meals so you end up buying the right foods. This is an especially important thing to do when dealing with perishables. If you buy a giant bag of rice, chances are it’ll still be fine six months later, as long as you store it properly once opened. But don’t expect to buy shredded cheese in January and still be edible in July.

Finally, be sure to avoid impulse purchases at Costco, as these could negate the money you save. You might want to stick to the aisles that house the items on your shopping list.

Just because you’re a Costco member doesn’t mean you have to shop there every week. But it might pay to visit Costco in January and see what positive impact it could have on your finances in 2023.

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We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. Maurie Backman has no position in the stocks mentioned. The Motley Fool fills positions and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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