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Soon, more shoppers will have a Costco in their neighborhoods.
Many shoppers are big fans of warehouse clubs like Costco. Members can keep more money in their checking accounts by purchasing everyday household essentials, toiletries, and groceries in bulk. While Costco already has hundreds of warehouse clubs nationwide, there will soon be more. The retailer is opening several locations in the U.S. and abroad. This could make for the perfect opportunity to give Costco a try soon.
Costco will soon be available to more shoppers
Costco currently operates nearly 600 clubs throughout the United States — but the brand has plans to continue expanding. The warehouse club announced on its website that it plans to open locations in three U.S. cities this spring.
A new club is set to open in Kyle, Texas, in April 2023. Costco will also open locations in Longmont, Colorado, and Tulsa, Oklahoma, in May 2023. If you live in any of these areas, you may get to shop in a brand-new club soon.
The retailer will also open new locations in other parts of the world, including London, Ontario, Meiwa, Japan, Gold Coast, Australia, and Yinzhou, China. All locations are set to open between March and June of this year. This continued growth shows warehouse clubs are in demand as shoppers look for ways to reduce their spending.
Should you join a warehouse club?
You may wonder if joining Costco is a good idea. You might be able to save money by shopping with the retailer. But you should ensure it’s a good money move for your situation. Before charging a yearly a membership to your credit card, consider the following:
Club location
Check to see what clubs are in your area. Joining a warehouse club may not make sense if you don’t have a location near your home or work. Having to drive a long distance and spend extra money on gas every time you need to restock could cancel out the savings you get.
Membership cost
You’ll need a membership to shop at a warehouse club. Before spending money on a membership, make sure you budget for the yearly cost. You should also consider whether you’ll use your membership often. It could be a good investment if you plan to visit at least several times a year. But if you don’t plan to visit often, it may not be a worthwhile expense.
Food waste
While not all items sold at warehouse clubs are sold in bulk, many are. If you have a big family or live with several people, it may be easier to use up products before they expire. But if you live alone or with only one other person, there could be a risk of food waste.
Storage space
Finally, consider how much storage space you have at home. Do you have enough dry storage, and fridge and freezer space for bulk purchases? When you come home from a haul, you’ll want to feel confident that you have enough room to store everything you bought.
Shopping at Costco could be a win for your wallet
Shopping at a warehouse club like Costco could help you keep more cash in your pocket. Whether you shop at Costco or another retailer, you can avoid overspending and stay on budget by creating a shopping list. Having a plan can help you avoid impulse buys. For additional ways to save money, check out our personal finance resources.
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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.Citigroup is an advertising partner of The Ascent, a Motley Fool company. Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.