You may have Five Below on your list of favorite stores to shop to avoid wasting money only to have cash end up squandered away instead of working for you.
So before you shop at Five Below, here are some problems you need to consider when it comes to the discount retailer.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Apply for a Discover Cashback Checking account today
Not everything is $5
The store is called Five Below because most items may be around $5 or less, but don’t be fooled into thinking all items are truly that.
In fact, the store’s website even has a section titled “Five Beyond” that has items you can buy for $10 or $15 with some items getting as high as $25. If you don’t watch the price tags, you could be in for a surprise when it’s time to check out.
The quality isn’t great
One reason Five Below is so affordable is that you’re getting low-priced items at the cost of quality.
Over time, you may spend more money repeatedly replacing products that fall apart or break easily due to a lack of quality to survive long-term use.
You can’t use self-checkout
Self-checkout can be a great option if you want to buy only a few items or want to leave quickly.
But Five Below has removed its self-checkout lanes, so you won’t be able to use this option anymore. You'll have to stand in line and wait regardless of how many items you’re buying.
Get a protection plan on all your appliances
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more.
Whether or not you’re a new homeowner, a home warranty from Choice Home Warranty could pick up the slack where insurance falls short and protect you against surprise expenses. If a covered system in your home breaks, you can call their hotline 24/7 to get it repaired.
For a limited time, you can get your first month free with a Single Payment home warranty plan.
Items may not be cheaper
It’s important to compare prices when you’re shopping if you’re trying to save money. You may find that Five Below doesn’t have the lowest prices on things you need.
Check out dollar stores like Dollar General or Dollar Tree, which may have better discounts on items like party decorations, beauty products, and more.
Products aren’t as trendy
Five Below used to have some great items on its shelves that you could pick up when they were hard to find at other stores, like Squishmallows.
However, the company hasn’t kept up with swapping in trendier items, leaving the company with financial struggles and making it harder for shoppers to find what they want instead of outdated items on the shelves.
Trending Stories
Online orders aren’t easy
It may be convenient for you to order items from Five Below’s website, but just know you might not get the items you ordered.
The website could be glitchy or you could order things only to have your order canceled if an item actually isn’t in stock or available to ship.
It expanded too quickly
Five Below opened 450 new stores and remodeled more than 750 locations since 2022, but the expansion may have caused the retailer to stop thinking about its core business, leading to lackluster products and a decline in sales.
It’s not for adults
You may try shopping at Five Below to get things for your home, affordable clothes, or other items you might need, but the store’s target demographic is teens and preteens, making it difficult to find more mature items for your home or office.
Bottom line
Five Below is a great way to save money shopping, but you might want to temper your expectations when shopping at your local store.
It’s also a good idea to comparison shop and see if Five Below even carries the items you want. You may be surprised to find that those products aren’t in stock or that similar things are cheaper elsewhere.
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.