3 Ways to Save More at Costco in 2023 – The Motley Fool

A mother carrying her baby as her daughter walks beside her through the vegetable section of a grocery store.

Image source: Getty Images

These gestures can help you get the most out of your shopping experience.


Most important points

  • Shopping at Costco can save money compared to buying food and household items at supermarkets and large stores.
  • There are a few specific moves you can make to save even more.
  • List shopping, buying basic items on sale, and signing up for an executive membership can all help you save at Costco in 2023.

Some people shop at Costco once a month or less. Others make Costco part of their weekly shopping rotation.

No matter which camp you fall into, you should know that there are steps you can take to save money at Costco on top of the savings you already get from accessing low-cost housewares and groceries. Here are some ways to squeeze out extra Costco savings in 2023.

You save yourself money on food by not spoiling or throwing it away. That’s why it pays to make a shopping list before heading to Costco (or any other grocery store, for that matter). That list should be based on planned meals and items you know you’ll need at short notice. It should also be based on how much space you have in your fridge and freezer.

After all, buying bulk and dairy products at Costco can lead to a lower price credit card tab than buying the same items in a regular supermarket. But if you end up having to throw away half your loot, you won’t save.

2. Buy basic items when they are on sale

While Costco offers low prices on its inventory year-round, it releases a deal book each month with specific discounts for a limited period of time. It’s worth checking that deal book to see which items are discounted. If you’re a Costco member, you should receive that book in the mail, but you can always access information about current specials on Costco’s website.

3. Sign up for an executive membership

A standard Costco membership costs $60 a year, while an executive membership costs double — at least for now. It’s possible that Costco will look into it increase its membership fees at some point in 2023, as it hasn’t done so in years. But an executive membership can ultimately save you money despite the higher cost.

Immediately executive membership, you get 2% cashback on all Costco purchases. So if you shop there a lot, upgrading your membership in 2023 could mean more savings.

If you’re not sure if an upgrade is worth it, just ask yourself if you usually spend more than $3,000 a year at Costco. Why is that the magic number? If you do the math, 2% back on $3,000 in expenses equals $60, which is what you pay extra for an executive membership ($120 total). So once your spending exceeds that point, you will get ahead financially by going for the more expensive membership.

Now $3,000 may no longer be the magic number if Costco chooses to raise its fees later in 2023. But for now, you can use that number as a starting point.

Shopping at Costco is a great way to enjoy a world of savings. But if you want to take that concept even further, make sure you apply these tips.

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