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Raising kids is expensive. Read on to see how your Costco membership can help you save on a whole bunch of costs.
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In 2017, the U.S. Department of Agriculture estimated the average cost of raising a child at $233,610. But that was six years ago. And thanks to factors that include inflation, it’s fair to assume that raising a child is now an even more expensive prospect. This especially holds true if you want to be able to spring for extras like dance lessons, soccer clubs, and the various activities many parents rely on to keep their kids busy and well-rounded.
It’s important to find ways to conserve funds and cut back on costs where you can. And you may find that joining Costco is a good way to save money on various child-related expenses. Doing these three things, in fact, could help you spend less on your child while making the most of your Costco membership.
1. Buy snacks in bulk
Let’s face it: Kids need their snacks. It’s common for parents to be asked to send a daily snack to school. And when you’re hosting playdates, the unwritten rule is that you’re pretty much obligated to feed your children’s friends something. Costco can help you load up on snacks without a massive credit card tab.
At Costco, a 36-count box of SkinnyPop Popcorn, for example, costs $17.99 for two-day delivery, or $0.50 per bag. And you’ll most likely spend even less than that at your local warehouse club store. At Target, you might spend $8.99 for a 14-count supply, or about $0.64 per bag.
2. Stock up on low-cost apparel
Many people visit Costco for the bulk groceries and household products that are commonly stocked there. But Costco also carries a rotating line of clothing for both kids and adults. And you can commonly reap savings by purchasing clothing there.
Right now, Costco has a two-pack of long-sleeved fleece tops for children available for $17.99 online (and your in-store price might be lower). Target has a single long-sleeved fleece top for $12.
3. Load up on seasonal buys
Costco’s inventory tends to rotate by season. But you can spend less on common “kid musts” by scoping out the seasonal aisles and jumping when savings opportunities arise.
As an example, at this time of the year, you can already find Halloween candy at Costco. Online, a mega-bag of miniature candy bars will have you spending $0.26 per ounce. At Target, you might spend more like $0.44 per ounce for an assortment of miniatures.
You might also find Halloween costumes at your local warehouse club store at a better price than what other retailers are offering. The same holds true for fall decor your kids might beg for, like fake pumpkins to put on your porch, so it pays to look around.
Being a parent can be an expensive prospect. Necessities aside, it’s hard to say no to the things your kids really want. They don’t need a new Halloween costume every year, for example, but it’s natural to want to give them one. Thankfully, Costco can help with a host of child-related expenses — even those that aren’t an absolute must.
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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has positions in Target. The Motley Fool has positions in and recommends Costco Wholesale and Target. The Motley Fool has a disclosure policy.
