20 Ways to save money at Costco (2024)

20 Ways to save money at Costco (1)

20 Ways to save money at Costco

Every family has a grocery store chain that they stick to through thick and thin, and for many of us, it’s Costco.

Along with all of the great savings on bulk-sized items, Costco’s membership gives you numerous handy perks. But enjoying a few $1.50 hot dogs isn’t the only way to save money during your weekly Costco run.

Expert shoppers and Costco employees have their own advice to slim down your grocery bill. Here are their 17 best tips:

Shop Outside Your Comfort Zone

Costco, and especially the store’s Kirkland brand, offers great deals on grocery essentials.

It’s hard to beat Costco prices for bacon, frozen food, toilet paper, cleaning supplies, and baking ingredients. But you can also get great deals on oddball items, so it’s worth looking around the store.

Take tires, for example: at Costco, major brands are regularly marked down up to $70. The store also covers rotations, repairs, checks and top-ups for as long as the tire lasts. That’s a great deal.20 Ways to save money at Costco (2)

Learn The Prime Locations

While Costco is pretty different from most grocery stores, the warehouse chain still relies on trickery to squeeze every penny out of their customers.

Costco intentionally makes their layout confusing (there are no signs to guide you) and stuffs the entrance with flashy, expensive items like flat-screen TVs.

Move to the center of the store, which the employees call action alley. This is where the best deals are found.

Clearance sections are often placed at the far end of the store, so it pays to head there too.20 Ways to save money at Costco (3)

Pick Up Discounted Gift Cards

One thing you won’t find at other stores is cheap gift cards.

Costco offers discounted cards for restaurants and movie theater chains.

Some locations even offer discounted passes for local attractions, toll roads, and public transit.

These are savings you can’t get anywhere else, so you should always browse the selection.20 Ways to save money at Costco (4)

Split The Difference

Costco offers a unique shopping experience, and some customers have thought up unusual ways of stretching their savings.

Sometimes the price per unit for bulk items, like toilet paper, is really cheap. But you can’t justify stocking up on 100 rolls for a family of three.

In cases like this, it pays to have a Costco Buddy – someone who will split large orders with you.

You get the best savings, but won’t crowd your pantry.20 Ways to save money at Costco (5)

Freeze Your Groceries

You can use this tip at any grocery store, but it’s worth more when you add in Costco’s savings on meat and organic veggies.

There are handy guides to freezing extra servings of meat, fruit, and vegetables until you’re ready to use them.

If you’re extra thrifty, you can stock up on produce when it’s in season, freeze it, and enjoy it for months.20 Ways to save money at Costco (6)

Get Price Corrections

Like other big box stores, you can get a refund if you missed a sale price at Costco.

Say you bought an item for $10, but now it’s been reduced to $5.

Take it to the customer service desk and they’ll refund you the difference. You get 30 days to notice the sale, and you don’t even need your receipt to get the correction.

Costco also has a famously generous return policy: you have 90 days to bring back anything you don’t like (with the receipt).20 Ways to save money at Costco (7)

Learn The Price Codes

There’s an overwhelming amount of information on Costco’s price stickers, but you only need to read two little numbers.

The end digits of an item price tell you whether or not it’s on sale:

  • Items ending in 9 are the Costco price.
  • Items ending in 8 are the retailer price.
  • Items ending in 7 have been marked down.

Also, be on the lookout for .00 and .88, the codes for a manager markdown. Usually, these items have damaged packaging but are still in good condition.

Finally, check for a date under the final digit of the price code. This shows the last time a price was marked down and can be used to guess if you’re getting a good deal.20 Ways to save money at Costco (8)

Check For Clearance

With Costco’s huge inventory, something is always being replaced on the sales floor.

Old or leftover merchandise is moved to the clearance section, usually at the back of the store.

You’ll find new items in these sections every week, but be warned that they’re not always marked down. Last items are put in clearance whether they’re on sale or not.

The best times to check clearance are at the end of a season. For example, check for clearance barbecues at the end of summer.20 Ways to save money at Costco (9)

Pick Up A Rotisserie Chicken

This Costco grocery staple has developed its own fan following, and once you’ve tried it, you’ll see why.

It doesn’t just taste great; it’s also an amazing deal. You get at least three pounds of meat for only $5.

If you learn how to reuse every part of the chicken, you can stretch it out into a week’s worth of healthy, family-friendly meals.

Listen for a bell while you’re shopping, then make a beeline to the meat section. That sound means a fresh batch of chickens has just arrived on the floor.20 Ways to save money at Costco (10)

Learn The Coupon Policy

Costco does everything a little differently from other stores by design, and that includes their coupon policy.

The warehouse chain does not accept manufacturer coupons (say, a Tide coupon for $2 off). So products like razors and cereal might cost more at Costco.

And while the store offers its own coupons, they’re automatically applied at the cash register. That means there’s no cutting little scraps of paper for you to do.

But you can still get rebates on all your favorite products: apps and websites like Ibotta and Checkout51 will give refunds for part of the cost for certain name-brand items.

Bear in mind: the store’s optometry and photo department do take coupons, and you can find some in Costco’s Warehouse Savings booklet.20 Ways to save money at Costco (11)

Skip The Free Samples

I hate being the bearer of bad news, but those free samples aren’t really free.

It’s one of those classic bait-and-switch tricks that grocery stores love, because you spend money without realizing it.

Once you’ve sampled a cup of those free pretzels, you’re much more likely to make an impulse purchase on a whole bag.

Enjoy a hot dog before you go shopping, and study these other tricks used by grocery stores.20 Ways to save money at Costco (12)

Use Your Perks

That membership you paid for is good for more than just buying jumbo-sized packs of Kleenex.

There are all kinds of Costco perks that store members forget to take advantage of:

  • You can get cheap ink cartridge refills.
  • The pharmacy offers very, very low prescription costs
  • You can even get discounts on medical insurance, eyewear, and vaccination costs at the store.
  • If you’re planning a family vacation, check if booking through Costco Travel is a good deal. The chain’s travel arm offers all-inclusive vacations to luxury resorts at budget prices.20 Ways to save money at Costco (13)
Gas Up At Costco

The most efficient grocery shoppers are known to plan their weekly trips to save gas.

Unfortunately, gas prices aren’t getting lower any time soon, so we all need to learn to take our travel costs into account.

Being a Costco member offers an obvious advantage for savvy budgeters: prices at their members-only gas station are often 20 cents a gallon lower than the local average.

Plan your shopping trip to include a full tank of discount gas, and you’ll be saving all week long.20 Ways to save money at Costco (14)

Consider Getting A Black Card

Costco’s Executive Membership level is a little pricey, but it’s also rewarding to loyal shoppers.

You get 2% of your Costco purchases as a cashback rebate, which you can spend anywhere. You also get other perks, including AAA-style roadside assistance.

It’s easy to try the higher level, then switch back if it’s not for you. You can even ask for a refund on your membership if your savings are lower than the cost of the upgrade.20 Ways to save money at Costco (15)

Mind The Asterisk

One of the trickiest signs to watch out for around the store is an asterisk on a price tag.

This symbol means that the item is being taken off the shelves soon, but if it’s a seasonal item, it may return next year.

Some say that the asterisk is a sign that you’ll get a good deal on the item, but just like clearance products, they’re actually not always marked down.20 Ways to save money at Costco (16)

Shop at the Right Time

Costco can get quite busy during peak hours, making it difficult to navigate the aisles and find the best deals. To avoid the crowds, try shopping during off-peak hours, such as weekday mornings or evenings. You’ll have more time to browse and compare prices, ensuring you get the best deals possible.

Utilize the Costco App and Website

Costco offers a helpful app and website where you can find the latest deals, warehouse savings, and even create a shopping list. Use these tools to plan your shopping trip ahead of time, and you’ll be more focused on finding the best deals when you’re in the store.

Look for Seasonal Deals

Costco often offers great deals on seasonal items, such as gardening supplies in the spring, patio furniture in the summer, and holiday decorations in the fall and winter. Keep an eye out for these seasonal deals and stock up when the prices are low.

Buy Generic

Costco’s Kirkland Signature brand offers high-quality products at a fraction of the cost of name-brand items. From food to household supplies, choosing Kirkland Signature products can help you save even more on your Costco shopping trips.

Take Advantage of Costco’s Auto Program

If you’re in the market for a new car, consider using Costco’s Auto Program. This service offers prearranged pricing on new and used vehicles through a network of participating dealerships. Costco members can save money on their vehicle purchase and even receive additional discounts on parts, service, and accessories.

By following these tips and being a savvy shopper, you can maximize your savings at Costco and make the most of your membership. Remember to always be on the lookout for new ways to save and enjoy the many benefits that come with being a Costco member.

20 Ways to save money at Costco (2024)

FAQs

20 Ways to save money at Costco? ›

Buy Non-Grocery Items

You already know Costco has the best deals on bulk food items, rotisserie chickens, and household items, but next time you need to make a big purchase in other areas, check Costco first. You can score deals through Costco on car insurance, travel plans, and even your mortgage payment!

How to save the most money shopping at Costco? ›

Buy Non-Grocery Items

You already know Costco has the best deals on bulk food items, rotisserie chickens, and household items, but next time you need to make a big purchase in other areas, check Costco first. You can score deals through Costco on car insurance, travel plans, and even your mortgage payment!

Does buying groceries at Costco save money? ›

One of the primary benefits of getting a Costco membership is to save money on grocery purchases. Costco can offer lower prices than many of its competitors because it sells these items in bulk. You'll generally spend less on a per-ounce or per-unit basis than you would at a traditional supermarket.

How to save membership at Costco? ›

Buy in bulk: You can get serious discounts by bulk buying, as long as you use everything before it goes bad. Consider splitting your shopping with a friend or family member if you won't eat what you've bought in time. Use all of Costco's services: Costco does a lot more than gas and groceries.

Can you save a lot at Costco? ›

You can save a lot of money on groceries by buying them at Costco in bulk. If you don't cook a lot or have a large household, you might throw out money via wasted food. It's also not wise to buy groceries in bulk if you don't have anywhere at home to store them.

What helps keep Costco's prices low? ›

In contrast, SKUs at other big-box retailers, such as Target and Walmart, can number in the tens of thousands. By purchasing fewer products in enormous quantities, Costco's purchasing power often exceeds that of its rivals, which enables it to set lower prices than the market.

How much do you have to spend at Costco to make it worth it? ›

But if your annual spend regularly tops $3,250, you're better off with the Executive Membership. Every additional dollar you spend after $3,250 will bring your annual fee further and further below $65 and end up saving you money in the long run.

Is Costco worth it frugal? ›

If you're health conscious and want to keep to a tight budget, Costco has a lot of great deals on groceries. Many of these items come in bulk, making their per-unit prices lower than at many other stores.

Is Costco cheaper than Sam's Club? ›

Costco's membership fees are more expensive and the prices of basic products at Sam's Club are generally cheaper. Costco has more stores worldwide, but Sam's Club has more stores in the U.S.

Is Costco membership free for seniors? ›

As of 2024, Costco does not offer a specific discount for seniors on either memberships or in-store purchases. The starting price of a Costco membership is $60 per year, paid in one lump sum. Costco discounts on hearing aids, gas, and general merchandise make a membership worth it for seniors.

How to save money as a senior at Costco? ›

Costco's bulk-buying options are perfect for seniors looking to stock up and save on everyday essentials. Access discounted pharmacy items, optical services, and more to keep health costs low. Enjoy exclusive perks like Costco Travel for budget-friendly adventures and essential home and auto services.

Does Costco really save me money? ›

The risk of joining Costco is paying for a membership that doesn't save you much money. Ask yourself how often you're likely to shop at Costco and whether bulk purchases make sense for your household. See if there are non-grocery and household items you may be able to buy at Costco.

What is Costco's best cost strategy? ›

As a result, Costco's generic strategy is cost leadership. This strategy entails maintaining the lowest prices possible and is used by many retail giants.

How much do you need to spend at Costco to make membership worth it? ›

But if your annual spend regularly tops $3,250, you're better off with the Executive Membership. Every additional dollar you spend after $3,250 will bring your annual fee further and further below $65 and end up saving you money in the long run.

What is Costco's low price strategy? ›

Costco's pricing strategy

Costco prices products at 14-15% markup above costs. This gives it an average profit margin of just 2%, and positions the brand firmly within the wholesale market. The reason the company is able to offer such low prices is because it sells products in bulk.

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