Today I saw Costco while driving on my way home. Â It’s a relatively new Costco in my neighborhood and it made me very curious. Â I’ve heard of families and even couples benefitting from a Costco membership but what about a single person? Given the cost of membership, is it worth it?Â I am not exactly excited about paying for the privilege to shop at a grocery store. Â But, I have friends that swear by the value provided to them by their Costco membership.
I started typing into google “Costco membership for single person” came up without me even typing it completely. Â So clearly I am not the only one with this question! Â I started doing my research. Â But, in my particular case, as a single person, what would make it worth it for me?
Cost of Costco Membership: $55 for a Gold Star Membership. Â There are Executive level memberships that are more costly ($110) that include the benefit of 2% back. Â But, let’s just start with the basic membership for me.
What could I buy that would help to make it worth this $55 fee? I decided to peruse the Costco site, look at reviews on blogs and on consumer reports. Â There were lots of charts comparing produce, non-perishable goods, fresh and frozen meats, etc. I feel like thoseÂ comparisons willÂ best be made in person but .
1. Gas. Â Right now, Costco gas is at least $.20 less than the gas stations that I usually frequent. Â If I calculate filling up at least 90% of the time at Costco, then I would save $48.00. Â That’s only $7 shy of the membership fee!
2. Gift Cards.Â I am a big fan of using periodic massages to de-stress as part of my self-care. Costco hasÂ SpaÂ gift cardsÂ withÂ deep discounts. Â For example, in exchange for $80.00 you get $100 worth of value on a spa gift card. $20 savings!
3. Movies.Â I probably go to the movies about 10 times a year. Â I usually go on weekend nights and will spend roughly $130 a year on movies. Â Well, Costco has a ten pack of Regal Cinemas movies for $85.00. That’s a savings of $45.00!
So far, the Membership fee has paid for itself and then some. Â I’m liking this :).
My research also showed that based off of my current buying habits, I could probably save money on:
– Frozen veggies/fruits
– Olive Oil
And that I would probably be wasting my money if I bought the following at Costco:
– Most Produce
– Chicken and Beef
– Books/DVDs, etc.
– Non-Perishables like Toilet Paper, Paper Towel and other Paper Goods
– Household Cleaners
– Laundry Detergent.
So, based off of my research, I think I’m going to give Costco a try. Â I will make sure to report back on my experience. Â I know that Costco shopping will not replace regular grocery store shopping but supplement it. Â If I can go to Costco and my regular grocery store (Giant) on a rotating schedule so that I only go to one store each week, then that would be the most advantageous for me. Â Stay tuned!
Do you have a Costco membership? Does it save you money?Â