Like horror flick fodder (extras and co-stars who ignore their gut instincts and venture into places they shouldn’t), people go into warehouse clubs thinking they’ll be able to buy just the items they need and escape without serious injury to their budgets. In reality, only shoppers with the preternatural ability to avoid impulse purchases manage it, reports AARP Magazine.
That doesn’t mean you won’t find good deals at warehouse clubs. You will, but you have to exercise tremendous self-discipline. AARP Magazine and Kiplinger’s offered insight to some of the better values at warehouse clubs. They include:
• Wine. Here’s a shocker: One warehouse club is the biggest wine retailer in the country, according to MarketWatchMag.com. Reasonably priced, signature brands of quality wines and alcohol have been helping warehouse clubs attract members and improve sales.
• Movie tickets. There are some films that should be watched in the theater. If you pick up a packet of discount movie tickets at a warehouse club instead of the theater, the show will cost approximately $8.50 per ticket instead of $13 per ticket.
• Batteries. With the holidays approaching , you’re going to need batteries for everything from drones to remote controls to digital games. Warehouse clubs often have competitively priced options.
If you’re determined to save money by shopping at warehouse clubs, Fox News suggested a mindset adjustment could help: "Buying an item you don't need because it was marked down from $125 to $50 is not saving $75. It's spending $50. That's a lesson that, if taken to heart, should save all [warehouse club] members money.
That doesn't seem to be the case for most people, however, so these money-saving memberships probably end up being a drain on people's finances."
Here’s another way to avoid impulse purchases: Make your choices online and then choose in-store pick-up or delivery.
Additionally, here is a link to an article from Motley Fool about the "6 Things You Should Always Buy at a Warehouse Club"
https://www.fool.com/ investing /2017/06/21/6-things-you-should-always-buy-at-a-warehouse-club.aspx
Weekly Commentary for October 23, 2017
If you have questions about your investments, contact us: 231-720-0743 or info@braeburnwealth.com
photo by: Bottle of Red Wine © R. Gino Santa Maria / Shutterfree, Llc | Dreamstime