Big Box Stores Like Costco
Start with The Costco Website
First of all, big box stores like Costco entice you to sign into their website with your Costco card number, although they say that is not a requirement. Most of the prices on the website have discounts. So, that would place most of them on sale or to appear on sale.
There are “member only” items that entice you to click through and check out the price. Non-members online may be assessed a surcharge, and executive members may receive a credit for a 2% rebate.
Costco mails out a coupon booklet to card carrying members monthly.On coupon day many shoppers are seen around the store with coupon booklets in hand, after a mailing. The coupon booklet is not needed to get an in-store discount, but it makes it easier to identify the months Costco bargains. This draws shoppers to the store and to buy. The coupons are a powerful draw for the coupon addicted.
Discounted Items That Have a Purchase Limit
Many of Costco’s discounted items have a limited number of items you can purchase. The limit gives you the psychological mindset that there must be a lot of value in this item, so it makes your mind think you must buy to the limit, so you can get your share.
Because of this process, you end up buying more than you normally would in a regular grocer to make sure your mind knows it’s not missing out on a huge deal.
Pre-Packaged Big Food at Costco
Food is packaged in 2’s, 3’s or 4’s. Most people don’t buy 3 or 4 of each item they need when they go to the regular grocery store, but in Costco they force multi-packaged items on you since the items are taped together in multiple numbers.
Because items are pre-packaged in multiples, we don’t even think to comparison shop the price, we just assume it is less than if you purchased it alone.
Costco Loves Sample Tasting
Sometimes on busy days there are tasting stations. Most of the tasting is for pre-made food items, sauces or frozen goods. After tasting items, many people automatically walk over and buy that item. I have tasted items, purchased them, and didn’t even use them after I got home due to allergies.
Product Placement as You Walk Costco Ailes
Upon entering the store the first merchandise that grabs the eye is some must-have seasonal products on the left, then the cameras, television’s, and computers on the right, and the expensive jewelry practically hits you in the face. Then before you get to the groceries, it continues to force you to look at clothes on the left, and other must-have but not-needed items.
Then you pass the attractive wine racks and beautifully appointed bakery goods. Finally, you get to the quadruple packaged meats, tripled packaged deli products, and then cheeses and fruit. It goes on and on, smartly placed to make your mind tell you to buy, buy, buy.
Containers and Packaging
In addition to the multi-packs of items in many of the big box stores like Costco, you will see a lot of large containers of items. This forces you to buy more that an average person would, and for most shoppers they will also settle on stocking more than normal, because they have more. This is great for large families, but it alse keeps busy people from making frequent shopping trips, so in that sense it great for everyone. Calculate the price per unit on each item to comparison shop at other stores, so the actual value reflected in the packaging is reflected in the price.
The Dress of the Employees
Lastly, most of the employees wear jeans and t-shirts. This gives you the feeling that you are in a super-discounted place, because even the employees dress down. No uniforms and no company logos on t-shirts.
The No-Frills Warehouse Design
The no-frills warehouse design gives you a feeling of plain, simple and inexpensive overhead that will be passed on to you the customer. When you get to the counter the no-frills feeling is continued with the recycling of boxes the Costco merchandise comes in, these boxes are reused to hold your groceries and other items.
With items 1-9 above, you now know what the process is to saving money at big box stores like Costco. Go to the website first and establish what you need, then make a list, write down the price of each item and stick to your list with your new-found Costco shopping awareness.
Note how long each of the items will last you so you know when you need to shop again and how much you will spend in a one-month or two-month period. Costco warehouse can be a great way to save money, if you have what I call “Costco Awareness”.
Lois Center-Shabazz | Course Delta Agency
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How to Save Money; There Are 68 Powerful Ways to Live Rich and Save Money-Excerpt
This kindle ebook will teach you how to save money in 68 powerful ways, it will become drastically easier for you to switch your mind to the money saving concept, and understand the many ways to save money easily. This is an excerpt from the powerful savings book, Live Rich Save Money! 68 Powerful Ways to Save Money, Now and Forever
SAVING MONEY BY UNDERSTANDING THE “LIVE RICH” CONCEPT
“Live Rich” is a concept I created after years of frugal living, saving and investing, that has landed me in a comfortable lifestyle. I want to share this information with you, so you can do the same.
Ponder this scene; you see someone living in a mansion with eight luxury cars, the wife with five furs, and the kids in private school, but they could essentially be “living poor”. Why? That could be their tax money they’re buying those things with, or their kids’ college fund, or their retirement money; they’re not investing savings, or they are simply living off loans. That is what is called “Living Poor”.
They are just one bad episode away from total financial collapse, right on top of all of their material excesses. This is more common than you think.
You heard my story if you read the “about me” section. I understood early how to “live rich” which is to save money on out of school loan debt by “living rich” with the power to budget, analyze spending, and save. The sooner you get the “live rich” message in your head the sooner you can enjoy “living rich”; now, and forever. That is, to buy most of what you want with the money you have with plenty left in the bank, and you can actually afford what you buy. When you learn how to save money early, you will avoid a lot of pain in the future.
“Live Poor” – also known as; complaining about your finances; getting further into debt with bad loans, overspending on most things, and not doing a “Live Rich” budget with what you have. You cannot get sick or your budget would collapse and your life would be consumed by misery.
The basic premise being “you are what you think you are”. If you think of yourself as “perpetually poor”, you will never dig yourself out of debt. All it takes is a small spoon to get started. Eventually, you will have a forklift full of financial success, and a life of peace and prosperity.
It always makes me sad when I see people who make a lot of money, but spend a lot more than they make, and they tell me they are saving nothing. Then the faucet is turned off.
No more contracts come in, or the million dollar business collapses, or in the example of the last decade when, according to the American Manufacturing Association, Wikipedia, and CNBC business news, millions of American jobs went to China.
The American prison system is another constant source of job losses for U.S. workers. According to a non-profit group, Truth-out, companies can move into the prison system via Prison Industries (corporations can operate in the prison system with prison labor paying near slave wages).
After record job losses in the past decade, many people saw, for the first time, what it felt like to have no money coming in to feed those huge bills they had created when they were gainfully employed. Some simply could not feed their families.
There are other more obvious major reasons for job losses in America. Other job loss reasons include – replacing several employees with one high-tech mechanized machine, and in the case of the last decade, the vast mortgage fraud scandals shut down mortgage companies, bank,s and retail outlets, after massive foreclosures.
In the documentary, “The Queen of Versailles”, a Sundance film festival favorite and re-aired by CNBC TV, the show profiled a super wealthy man who had a business selling time shares with predatory loans, to unsuspecting people. The purpose of the show was to portray how fun it was for his wife to decorate the 90 thousand square foot mansion they were building.
But before the show aired the money faucet was shut off, and his financial empire collapsed. Banks stopped issuing that particular type of predatory loan for poor and working class people to purchase time shares because many stopped making payments after losing their jobs.
The loans were given to people who could not afford a time-share and many did not know they were even signing a loan; they thought they were paying a monthly fee to use the time share. I know this because I have actually spoken to folks who had time share loans; but they did not understand it was a loan. There are ways to save money with loans, but you have to, at least, know you are getting a loan.
In the documentary, when the loan approvals stopped, over 8000 employees were fired and no money was coming in to feed the principle owner’s massively extravagant lifestyle. The owner said in the documentary that they had saved no money, not even for retirement or their kids’ college; now that was bizarre. He then resorted to getting a small loan just to keep up with some of their bills.
A “time-share” is when a building owner sells one apartment 52 times. The buyer purchases the right to stay in the apartment 1 of the 52 times. After you have paid off your loan, (and during the loan period), you have to pay a yearly maintenance fee for life. The “for life” part is the sticker shock people get when they realize this will never stop, something they failed to realize before they signed on the dotted line, and did not read the fine print.
Another example was the recent spate of young entertainers I have read about on yahoo news; one went to jail for not paying taxes when she was in the money, one lost her massive and lucrative catalog of songs for not paying taxes, and a few lost their homes. Several book authors were put in the local news in Atlanta because they would not pay their state taxes.
The fees and fines on back taxes are atrocious. Yikes, so many young people say, if only I could make a lot of money, I would be set. In this case, they made the money but didn’t pay their taxes, and they got set back in time, for a few decades with penalties.
Now you see why the lack of money is only part of the problem. Learning how to “live rich” no matter how much money you have is essential. In this case, the “live rich” principle is; pay your taxes in a timely manner. Make your tax payments a priority, file your taxes and pay promptly if you owe.
SAVING MONEY WITH REAL LIFE EXAMPLES OF “LIVING RICH”
=>Buy a certified used car; Lexus, Infinity, or your favorite pre-owned certified new-used car, even if you can afford a new one; the overage goes into savings, retirement or a college fund.
=>Own two cars instead of the four you used to have, with quadruple the insurance and maintenance costs.
=>Buy a $200,000 house even though your mortgage broker tells you that you can afford a $350,000 house. Now, you have a mortgage you can easily afford. The broker will not be paying your monthly mortgage, you will.
=>Buy a three bedroom home you need, instead of that five bedroom home with the big heating bill, and the yard that takes your entire weekend to tend to, or an expensive gardening service to maintain. Now you have time for leisure or extra savings.
=>Go to a state university with no or small school loans, instead of a private university you have to take out large loans for. No matter how you justify it, having bills is stressful, especially if you didn’t have to get them.
=>Send your kids to a public grammar school, instead of the ritzy private school that breaks your personal bank. You will someday thank yourself for saving the money instead when you have a catastrophic event later in life. Do education enhancement at home and at the library. Currently, Kahn Academy is a free alternative to education enhancement.
=>Eat at home, preparing healthy meals instead of paying five times as much for food at a restaurant. You save money and you know the contents of your meals.
=>Buy a TV for two rooms in the house instead of five or six. You’ll save money on TV’s, your family can engage in conversation and read more, and you can more easily monitor what your family watches.
=>Decrease your window shopping, including mindless trips to clothing and shoe stores. What you don’t see, you don’t usually want. Staying out of the stores is even more of a savings. Put money in the bank you would have spent on unnecessary clothes or shoes
=>Work on any spending addictions you may have. The purpose of any addictive substance, including material things you don’t need, is to make you “feel good”. They make you feel good until you get the bill in the mail or run out of money early in the month. There are far less expensive and healthier habits that also make you feel good other than overspending. Make a personal list and try those.
“Let’s Go Live Rich, Saving Money Now!” ~LiveRich, Lois
SAVE MONEY BY KEEPING MAJOR DEBTS LOW
Low-debt is one of the most efficient ways to save money. Interest on high debts is long, lasting and very expensive. If you don’t have a low credit score, the cost is even worse. Those who lost their jobs during the job crises of the past decade and went through the trouble of paying debt down or off, on their home when times were good, found joblessness much easier.
This segment of jobless people had the least likelihood of homelessness when they were laid off. The same holds true with workers who find themselves suddenly disabled.
The lower your debt, the smaller your monthly bills to pay. The smaller your monthly bills to pay, the more you have peace of mind when paying your bills, and of course, the easier they are to pay.
SAVE MONEY BY PAYING YOUR BILLS AND ON TIME
Paying your bills on time avoids late charges. Say you are late on 5 bills; each bill has a $35 late charge. That is a loss of $175, WOW! That is a significant loss, month after month. The loss is huge. When you consider that late bill payments are one of the factors that decrease your credit score, and therefore interest on loans, this is another loss factor.
Pay your bills and pay them on time. Your land line phone bill, your cell phone bill, as well as your utilities, are tied to your credit report. Not paying those and any other bill on time will be reported to the Experian credit bureau. When you understand how to save money, that will not happen.
Bad credit will increase your interest rates and payments on everything. Some credit agencies will not give you credit at all for poor credit.