12 Jun Pros and Cons of Buying Bulk
Buying in bulk is a creative and clever way to save money and make the most of your grocery budget. Studies have shown that buying in bulk can result in significant savings, but like anything, you need to consider your purchases. Ensure that you will actually make use of the items you purchase, and stick to buying things that your family uses often.
At Debtco Group, we work with clients who are over-indebted to provide an effective Debt Review service. We find that many of our clients are struggling to keep up with the rising costs of basic grocery items and essentials. This is one of the main reasons why store cards and credit cards are over-used. Changing the way to approach your shopping can help you save money. There are numerous benefits to buying in bulk, from money and time saving to convenience. Instead of making multiple trips to the store, you have what you need at home, and can avoid the temptations that come with another trip to the store.
If an item you use often goes on special and has a long shelf-life, you can stock up on it knowing you’ve saved money. Another way that buying in bulk saves you money is that you avoid the price increases that tend to occur throughout the year. Bulk shopping can be applied to cleaning supplies, toiletries, and baby essentials, as well as pet food and stationery. Always make sure you have adequate storage space for all your bulk item purchases. If you’re going to purchase perishables and meat in bulk, you should have adequate freezer space to keep them from going bad. Keep in mind that you should have backup power for your freezer to run during loadshedding.
The forward planning required is well worth the benefits of buying bulk. Other benefits include reducing your carbon footprint, as your package wastage is much less. Even though it is easy to see the benefits, there are some downfalls that make it difficult for individuals to successfully buy in bulk. One is the upfront cost, as this approach will require a different way of allocating your budget for household essentials and groceries. Limited storage space can also present a challenge, and you need to be mindful of expiration dates to prevent spoilage.
Smart shopping looks different for everyone and bulk buying is a great way to save money in the long run, if you can afford the upfront investment. If you are experiencing problems with debt, find out if Debt Review is the right approach to the financial relief you require. Debtco Group works with you to overcome your debt and restore your quality of life.