12 Ways Costco can Help You Beat High Inflation

Inflation may be hurting, but a Costco membership could cure your budget headache.
Updated Feb. 21, 2024
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woman in shock looks into a paper check from a supermarket

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Inflation has been affecting the costs of all kinds of products, including groceries over the past couple of years. Fortunately, there are some ways you can still save money and cut down on your monthly costs.

One of the best places to help you beat high inflation is Costco. Buying in bulk and getting sales while they're hot can help you keep your cool when inflation is shrinking your wallet.

So, if you’re trying to keep more cash in the bank account when it comes to shopping for food, here are a few reasons why Costco may be your best bet.

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Unique sale opportunities

trongnguyen/Adobe Customer shopping for wines

Costco has some great monthly sales that can work in your favor if you keep your eye out for them. 

Look online each month or check your mailbox for Costco’s sales booklet to see what you can pick up at a discount. 

Monthly sales cover regular items like non-perishable goods and frozen foods as well as seasonal items such as clothes, patio furniture, or holiday decorations.

Stable membership price

dennizn/Adobe man holding costco wholesale membership card with receipt in store

Costco typically raises its membership fees about every five years. That means there’s a good chance you’ll be able to get a membership at a stable price for several years. 

Even if they do raise the fee, it’s usually by only $5 to $10. You'll be able to justify the cost of the membership compared to how much you spend each year at the warehouse retailer.

Big bags of frozen fruits and veggies

anna.stasiia/Adobe different frozen vegetables

You may end up wasting fresh items because Costco sells things like strawberries, green beans, and more in bulk sizes. 

Fortunately, frozen vegetables and fruits are a great alternative to the fresh versions at Costco.

Buying them already frozen gives fruits and vegetables a longer life, so you don’t have to worry about them going bad before you can enjoy them.

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Cheap prescriptions

New Africa/Adobe bottle and scattered pills

Costco’s pharmacy can fill any number of prescriptions that a typical pharmacy can fill. It's worth seeing how much you could save by switching your prescriptions to your local Costco. 

You may also want to check and see what kind of extra deals the retailer has on generic drugs that could cost less there than in other places.

Affordable eye care

InsideCreativeHouse/Adobe eye doctor with female patient during an examination in modern clinic

Eyeglasses and contact lenses can be expensive, but Costco’s optical center can help you save money. 

Check out the deals on frames and lenses, and remember to see if your local Costco has an optical center for affordable eye exams as well.

Household items

nys/Adobe sanitary household cleaning items objects

Stock up now on non-perishable household items before the prices go up later. You can grab paper products like toilet paper and paper towels to stash away at home until they’re needed. 

It also may be a good idea to grab paper plates and plastic utensils when they go on sale and hold on to them for special parties or summer barbecues.

Kirkland Signature products

K KStock/Adobe Kirkland Signature Free and Clear laundry detergent

Costco has its own in-store brand called Kirkland Signature that produces all kinds of items, including snacks, perishable items, household products, and even alcohol. 

In some cases, the Kirkland Signature version of products is better than the name-brand version and it can cost less, leaving more money in your pocket.

Food court

Eric BVD/Adobe Costco Food Court Menu

Costco is well known for affordable items at its food court. You can pick up smoothies, churros, and of course the retailer’s famous hot dog-and-a-drink deal. 

The famous combo has cost $1.50 since it was introduced in the 1980s, and it’s not likely to go up anytime soon.

Pantry staples

fudio/Adobe pantry ingredients

There are some good food staples that you can buy in bulk now in case prices rise later. Consider stocking your pantry with rice or pasta since they're easy to make and easy to store for long periods. 

You also may want to get canned goods like soups and pasta sauces to ensure that there's always something for dinner when you're too tired to cook. 

That will keep you from ordering in or spending money at a restaurant, which is bound to be more costly.

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.

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Online ordering

comzeal/Adobe woman hand accepting a delivery of boxes from deliveryman

If you can’t get to Costco in person, you can still save by ordering online. 

You can order non-perishable items or seasonal items as well as freezer options, although you may want to check on potential extra costs for cold items. 

Costco also offers free 2-day delivery if you order more than $75 worth of items, saving you a trip to the store.

Generous return policy

dennizn/Adobe hand holding Costco receipt

What happens if you try something and don’t like it? You don’t have to think of it as wasted money. Instead, take the item back to Costco and the store will give you a refund. 

There’s no time limit on when you have to return it and you don’t need a receipt to bring it back.

There are a few exceptions to Costco's return policy (including jewelry or electronics) though most items don’t have any return restrictions.

Gas stations

Andriy Blokhin/Adobe petroleum at Costco store

Look for a Costco in your area that has a gas station to help you spend less the next time you fill up your tank. 

Costco gas could be a few cents less per gallon, but that little can add up when you’re filling your car. Just be sure to check your local gas stations and compare prices to see if Costco is your better option.

Bottom line

jetcityimage/Adobe Costco Wholesale location

Before you go to Costco, make sure you know all of the best Costco hacks to help you save as much as you can. 

It may also be a good idea to go with a shopping list to help you stick to your budget. And remember to stock up now on items when they’re on sale before the price goes up again.

When there’s inflation, it’s hard to come out ahead. But even with prices rising, shopping at Costco, and being smart about it, can help.

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Author Details

Jenny Cohen Jenny Cohen is a freelance writer who has covered a bit of everything, from finance to sports to her favorite TV shows. Her work has been featured in The Wall Street Journal, USA Today, and FoxSports.com.

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