Author Topic: How would you spend $400 at Costco?  (Read 11314 times)

Shann106

  • 5 O'Clock Shadow
  • *
  • Posts: 14
  • Age: 52
  • Location: KY
How would you spend $400 at Costco?
« on: January 17, 2015, 12:24:55 PM »
Our Costco AMEX cash back bonus is due next month, and we have earned about $411. We will be spending it at Costco for groceries. How would you use it to get the most bang for our money? I was thinking of stocking up on meat so that when I menu plan for the next few months I would have that part done. Or should I meal plan before I go and get complete meals? Or should I just stock up on laundry detergent, dish washing liquid, toilet paper etc.
Thanks for any advice.

Another Reader

  • Walrus Stache
  • *******
  • Posts: 5328
Re: How would you spend $400 at Costco?
« Reply #1 on: January 17, 2015, 12:30:30 PM »
Why try to find ways to spend it?  Take the cash to your bank and deposit it.  Send that amount to an investment account or add it to your cash savings.  That's what I do with mine.

ruthiegirl

  • Bristles
  • ***
  • Posts: 336
Re: How would you spend $400 at Costco?
« Reply #2 on: January 17, 2015, 12:33:59 PM »
What do you need? 

If it was me I would buy tires for my van, because they are due for replacement.  And then I would buy eyeglasses, because I need a pair.  I might also think about getting home/car insurance if it was a good deal.

I am not a big fan of 'stocking up' just for the sake of have a whole lot of something. 

So, what do you need?

Shann106

  • 5 O'Clock Shadow
  • *
  • Posts: 14
  • Age: 52
  • Location: KY
Re: How would you spend $400 at Costco?
« Reply #3 on: January 17, 2015, 01:58:14 PM »
Thanks everyone. I am newish to this lifestyle so hearing what you would do is helpful.
I would love to save/ invest it, but my husband who is very anti mustachian will not agree to it. Pretty much all I can get him to agree on is either spend it at Costco (because we have to cash it there-or at least that is my understanding) or split it 50/50 in which he gets to blow his 50% on golf items. 
Other than grocery items I cannot think of anything we need. Eyeglasses, tires, mattresses, cookware,etc etc is all good. We already have more electronics than we need. He would agree to put it towards Costco travel but $400 wouldn't do much traveling.
We do have a deep freezer and storage space, so I have the room.
« Last Edit: January 17, 2015, 02:03:25 PM by Shann106 »

James

  • Handlebar Stache
  • *****
  • Posts: 1678
  • Age: 52
  • Location: Rice Lake, WI
Re: How would you spend $400 at Costco?
« Reply #4 on: January 17, 2015, 02:11:48 PM »
Given the new information, I suppose it makes sense to spend it on anything that won't spoil and you know for sure you would have to buy anyway. Don't pick things you normally wouldn't purchase, just things you know you would buy eventually. My guess would be a mix of groceries and household products.


I won't get into the anti mustachian husband issues since that isn't what you asked about... :)

surfhb

  • Guest
Re: How would you spend $400 at Costco?
« Reply #5 on: January 17, 2015, 02:13:34 PM »
Thanks everyone. I am newish to this lifestyle so hearing what you would do is helpful.
I would love to save/ invest it, but my husband who is very anti mustachian will not agree to it. Pretty much all I can get him to agree on is either spend it at Costco (because we have to cash it there-or at least that is my understanding) or split it 50/50 in which he gets to blow his 50% on golf items. 
Other than grocery items I cannot think of anything we need. Eyeglasses, tires, mattresses, cookware,etc etc is all good. We already have more electronics than we need. He would agree to put it towards Costco travel but $400 wouldn't do much traveling.
We do have a deep freezer and storage space, so I have the room.

Split it 50/50 for now.

But the real issue for you in the coming year is to get him on board.    This site isnt about cutting spending down to the lowest possible....but rather stop buying needless crap.   

Wanna bet he has all the golf crap he needs already?  :)   BTW....Im a golfer too

I used to be your husband.    Im letting you know now that cutting all debt and putting effort into purchasing ONLY what I need to live a happy and productive life as been a game changer.     The confidence I feel in my financial and personal life as made a 180 degree turn.    It feels wonderful.   
« Last Edit: January 17, 2015, 02:19:15 PM by surfhb »

MustacheExplorer

  • 5 O'Clock Shadow
  • *
  • Posts: 41
Re: How would you spend $400 at Costco?
« Reply #6 on: January 17, 2015, 02:32:42 PM »
I would spend it on what ever I was going to purchase already.  Don't treat it as a special windfall to spend on something you don't need.

partgypsy

  • Walrus Stache
  • *******
  • Posts: 5797
Re: How would you spend $400 at Costco?
« Reply #7 on: January 17, 2015, 02:41:14 PM »
I would spend it on what ever I was going to purchase already.  Don't treat it as a special windfall to spend on something you don't need.

ditto, that's what I was going to say! cash it out, and use it for the next x times you shop at Costco.

James

  • Handlebar Stache
  • *****
  • Posts: 1678
  • Age: 52
  • Location: Rice Lake, WI
Re: How would you spend $400 at Costco?
« Reply #8 on: January 17, 2015, 02:47:03 PM »
I would spend it on what ever I was going to purchase already.  Don't treat it as a special windfall to spend on something you don't need.

ditto, that's what I was going to say! cash it out, and use it for the next x times you shop at Costco.


That's a good point, spending it all at once is a recipe for needless spending. Start with the agreement to spend it all on household needs at Costco, but don't "find" things to spend it on, just use it like you normally would on needed purchases until it is gone.

dunhamjr

  • Stubble
  • **
  • Posts: 241
  • Age: 49
  • Location: Kent, WA (Seattle)
  • mustachian in training est. July 14
Re: How would you spend $400 at Costco?
« Reply #9 on: January 17, 2015, 03:29:22 PM »
We spend ours by just buying the things we would normally buy. No need to change your spending patterns just because you got a reward.

Capsu78

  • Pencil Stache
  • ****
  • Posts: 765
  • Location: Chicagoland
Re: How would you spend $400 at Costco?
« Reply #10 on: January 17, 2015, 03:39:51 PM »
Being a bit of a prepper myself, I already have what I call my "mini Costco" down in the basement- a backup set of nearly every consumable that I pull from and restock that when the sales come- paper towels, TP, laundry soap, dish soap, Costco vodka (said to be Grey Goose).  We stocked up well last January when a major chain in our area exited the market.  Just now finishing up some of that inventory.  If expenses had to drop overnight, or we faced a supply disruption, I have some time for things to recover.

justajane

  • Handlebar Stache
  • *****
  • Posts: 2146
  • Location: Midwest
Re: How would you spend $400 at Costco?
« Reply #11 on: January 17, 2015, 04:01:06 PM »
If I had $400 to spend at Costco on essentials, and wanted to get the most bang for my buck, I would buy:

$100 worth of Kirkland TP
$25 worth of Tide detergent (perk is it's on sale right now)
$100 worth of meat to stock the deep freeze
$25 worth of 2 lb cheese blocks (approx. 8 lbs)
$50 worth of coffee
$50 worth of diapers
$50 worth of whatever else I need at the moment

That amount of TP and detergent will likely last us at least a year and a half, maybe more. The rest is stuff we would definitely finish before it expired.

Just my two cents. Don't try to come up with a $400 item you need.

Calvawt

  • Bristles
  • ***
  • Posts: 337
  • Location: Central CA
Re: How would you spend $400 at Costco?
« Reply #12 on: January 17, 2015, 04:18:13 PM »
I would pretend you don't have it and just buy your usual list at Costco.

TabbyCat

  • Stubble
  • **
  • Posts: 181
Re: How would you spend $400 at Costco?
« Reply #13 on: January 17, 2015, 04:37:56 PM »
I would spend it on what ever I was going to purchase already.  Don't treat it as a special windfall to spend on something you don't need.

ditto, that's what I was going to say! cash it out, and use it for the next x times you shop at Costco.

You can't cash in the rebate credits - they are in-store only. I think you get 6+ months to use them though. It'll say on the reward.

Edit to say I grabbed the wrong quote - oops! Leaving this though as it does answer another posters question.

MayDay

  • Magnum Stache
  • ******
  • Posts: 4983
Re: How would you spend $400 at Costco?
« Reply #14 on: January 17, 2015, 05:29:53 PM »
I was just on a family trip and we did a giant costco run for the week, to feed ~15 people.

4 clamshells of apples
1 bunch bananas
2 bags pears
3 bags clementines

Now imagine that times everything.

Our total was $450.  Ouch. 

Another Reader

  • Walrus Stache
  • *******
  • Posts: 5328
Re: How would you spend $400 at Costco?
« Reply #15 on: January 17, 2015, 05:32:59 PM »
Hmmmm...I just got the reward for my executive membership, and it now does say gift certificate.  In past years, I always cashed both rewards out and went directly to the bank.  The AMEX reward will be in the February statement, so I will have to check that.  Per the current statement, it's labeled "Cash Back Reward."

dunhamjr

  • Stubble
  • **
  • Posts: 241
  • Age: 49
  • Location: Kent, WA (Seattle)
  • mustachian in training est. July 14
Re: How would you spend $400 at Costco?
« Reply #16 on: January 17, 2015, 08:59:05 PM »

You can't cash in the rebate credits - they are in-store only. I think you get 6+ months to use them though. It'll say on the reward.

Not quite true in all cases. More than once we have bought less than the credit. They have always given us cash too make up the difference.

Allie

  • Handlebar Stache
  • *****
  • Posts: 1827
Re: How would you spend $400 at Costco?
« Reply #17 on: January 17, 2015, 09:03:50 PM »
My husband is only about 1/3 on board.  Given what I know about him, I would probably stock up on items that store well in the freezer/pantry, we could eat before they go bad, and that seem "special" to appease his need to have treats but we would probably buy eventually anyway...cheese, meat, nuts, coffee, alcohol, olive oil, butter, etc.  Then I could grab the other less special stuff on regular runs...beans, flour, sugar, etc.

gmj3307

  • 5 O'Clock Shadow
  • *
  • Posts: 6
Re: How would you spend $400 at Costco?
« Reply #18 on: January 17, 2015, 11:17:31 PM »
I would simply use it for my next Costco run whatever that entails. Meaning just use the $ as if it is a free grocery trip on Costco.

Tick-Tock

  • Stubble
  • **
  • Posts: 169
Re: How would you spend $400 at Costco?
« Reply #19 on: January 18, 2015, 08:29:41 AM »
Hmmmm...I just got the reward for my executive membership, and it now does say gift certificate.  In past years, I always cashed both rewards out and went directly to the bank.  The AMEX reward will be in the February statement, so I will have to check that.  Per the current statement, it's labeled "Cash Back Reward."

My husband just cashed our executive membership rebate with no problem.

TheThirstyStag

  • Bristles
  • ***
  • Posts: 303
Re: How would you spend $400 at Costco?
« Reply #20 on: January 18, 2015, 09:01:33 AM »
I would definitely fill the pantry to the gills with non/slow perishables that you will use throughout the year anyway, and all the usual toiletries.  Spend it now in bulk to save in the long term. 

Another Reader

  • Walrus Stache
  • *******
  • Posts: 5328
Re: How would you spend $400 at Costco?
« Reply #21 on: January 18, 2015, 09:04:49 AM »
Do you have kids?  Do you have savings accounts or 529 plans for them?  Maybe your husband would agree to give up the golf toys to put the money in those accounts.

Davids

  • Pencil Stache
  • ****
  • Posts: 978
  • Location: Somewhere in the USA.
Re: How would you spend $400 at Costco?
« Reply #22 on: January 18, 2015, 12:42:03 PM »
Does it have to be spent at Costco? Why not other grocery stores, Costco is not always the best deal.

fartface

  • Bristles
  • ***
  • Posts: 402
  • Age: 51
  • Location: Wisconsin
    • money apple
Re: How would you spend $400 at Costco?
« Reply #23 on: January 19, 2015, 11:00:08 AM »
I don't know if anyone above me has asked this, but, what the hell did you buy to rack up a $400 'rebate'? Holy shit. Mine was about $100 and my annual statement from AMEX just arrived...we charged around $6000...mostly at Costco and gasoline...a few (very few) restaurant and travel expenses as well.

Wow...I'm guessing since your rebate is 4x mine, your spending was also?

So, you're really asking us how to spend a paltry $400 when you've charged about 70x that amount all on your own just fine?

{{Head Scratching}}

Allie

  • Handlebar Stache
  • *****
  • Posts: 1827
Re: How would you spend $400 at Costco?
« Reply #24 on: January 19, 2015, 01:07:20 PM »
I don't know if anyone above me has asked this, but, what the hell did you buy to rack up a $400 'rebate'? Holy shit. Mine was about $100 and my annual statement from AMEX just arrived...we charged around $6000...mostly at Costco and gasoline...a few (very few) restaurant and travel expenses as well.

Wow...I'm guessing since your rebate is 4x mine, your spending was also?

So, you're really asking us how to spend a paltry $400 when you've charged about 70x that amount all on your own just fine?

{{Head Scratching}}

Now, that's not very fair.  This could be a card used for reimbursed business expenses or from manufactured spend or something large like a new roof.  That they want to make good decisions instead of blow it on golf stuff is reason enough to offer some good suggestions.

mydogismyheart

  • Stubble
  • **
  • Posts: 115
Re: How would you spend $400 at Costco?
« Reply #25 on: January 19, 2015, 04:37:43 PM »
I once received a Target gift card for $300.  I easily could have bought crap with it but I stocked up on household goods.  Lots of toilet paper, shampoo, beauty products, bath products, paper towels, etc.  All things I would use for the next several months.  It was nice not having to spend that money for the next long time!  I think I just finally got around to buying more paper towels a couple weeks ago, over a year later!

Dimitri

  • Guest
Re: How would you spend $400 at Costco?
« Reply #26 on: January 19, 2015, 04:51:02 PM »
Liquor.  It doesn't go bad (I'm talking 80 proof or better - not some cream-based stuff) and doesn't go out of style.  Buy it and enjoy it.  Give it as gifts.  Barter it for something else.  You can never go wrong with booze.

iwasjustwondering

  • Bristles
  • ***
  • Posts: 437
Re: How would you spend $400 at Costco?
« Reply #27 on: January 19, 2015, 05:16:53 PM »
Thanks everyone. I am newish to this lifestyle so hearing what you would do is helpful.
I would love to save/ invest it, but my husband who is very anti mustachian will not agree to it. Pretty much all I can get him to agree on is either spend it at Costco (because we have to cash it there-or at least that is my understanding) or split it 50/50 in which he gets to blow his 50% on golf items. 
Other than grocery items I cannot think of anything we need. Eyeglasses, tires, mattresses, cookware,etc etc is all good. We already have more electronics than we need. He would agree to put it towards Costco travel but $400 wouldn't do much traveling.
We do have a deep freezer and storage space, so I have the room.

Wait -- if you split it 50/50,  your half goes to Costco and his half goes to golf?  That's not 50/50.

If you do end up using it for meat, would it be covered under your insurance policy if the freezer dies? That's a lot of money to lose.  Can't you spend it at Costco, but just not all at once? 

MsPeacock

  • Handlebar Stache
  • *****
  • Posts: 1570
  • Location: High COL
Re: How would you spend $400 at Costco?
« Reply #28 on: January 19, 2015, 06:54:37 PM »
Liquor.  It doesn't go bad (I'm talking 80 proof or better - not some cream-based stuff) and doesn't go out of style.  Buy it and enjoy it.  Give it as gifts.  Barter it for something else.  You can never go wrong with booze.

Sadly the Costco in MD doesn't sell liquor. (This may not be a problem for the OP). Are the prices better than at "regular" stores.

DMoney

  • 5 O'Clock Shadow
  • *
  • Posts: 82
Re: How would you spend $400 at Costco?
« Reply #29 on: January 19, 2015, 07:12:27 PM »
Since I rarely make it out of Costco WITHOUT spending at least $400, this is a funny problem to me!

We really like the produce, organic eggs, toilet paper, paper towels, diapers, wipes.  Also organic chicken and organic ground beef for the freezer.  I normally have a few loaves of frozen whole grain bread (although trying to get in the habit of baking it more, which is tastier and cheaper).  - speaking of which, just bought the bulk yeast at Costco in keeping with that goal. 

I suspect it really won't be hard to spend at all :)

Dimitri

  • Guest
Re: How would you spend $400 at Costco?
« Reply #30 on: January 19, 2015, 07:55:30 PM »
Liquor.  It doesn't go bad (I'm talking 80 proof or better - not some cream-based stuff) and doesn't go out of style.  Buy it and enjoy it.  Give it as gifts.  Barter it for something else.  You can never go wrong with booze.

Sadly the Costco in MD doesn't sell liquor. (This may not be a problem for the OP). Are the prices better than at "regular" stores.

The price is quite attractive.  If memory serves correct $14.99 for a 1.75 of Smirnoff.  Or $29.99 for a 1.75 of Wild Turkey 101 if you want to kick it up a notch.  Pick your poison. 

JLee

  • Walrus Stache
  • *******
  • Posts: 7682
Re: How would you spend $400 at Costco?
« Reply #31 on: January 19, 2015, 08:11:12 PM »
I would spend it on what ever I was going to purchase already.  Don't treat it as a special windfall to spend on something you don't need.

ditto, that's what I was going to say! cash it out, and use it for the next x times you shop at Costco.

You can't cash in the rebate credits - they are in-store only. I think you get 6+ months to use them though. It'll say on the reward.

Edit to say I grabbed the wrong quote - oops! Leaving this though as it does answer another posters question.

Since when? Last year I got cash from the cashier at the register...pretty sure you still could. :)

Goldielocks

  • Walrus Stache
  • *******
  • Posts: 7020
  • Location: BC
Re: How would you spend $400 at Costco?
« Reply #32 on: January 19, 2015, 11:46:19 PM »
New mattress.

We bought our last one there 10 yrs ago, and will need another within a couple of years... 

LiveLean

  • Pencil Stache
  • ****
  • Posts: 899
  • Location: Central Florida
Re: How would you spend $400 at Costco?
« Reply #33 on: January 20, 2015, 09:08:14 AM »
With the Coscto executive membership rebate, it's pretty easy to cash out. If you have, say, a $150 rebate and buy $20 of stuff, they'll give you $130 in change. I've always wanted to just renew my executive membership and get $50 back, but they don't seem to have a way to do this.

I buy literally 90 percent of my stuff at Costco and 98 percent of my food. I rarely step into a supermarket unless it's an item I can't get at Costco (olive oil spray, for instance).

Any store that ranks as the No.3 bookseller in North America (behind Amazon and B&N) and the No.1 wine seller will grab my attention. We're even longtime stockholders.

Last summer we had three weeks to furnish a rental property completely (foreclosure that had been empty three years). I got as much as possible on Craigslist. Costco was best for lamps, bedding, rugs, pillows, linens, and towels. (We have an owner's closet for our own use where we stash linens and towels). Since it's a weekly beach rental and people apparently don't have anything else to do at the beach than watch TV, we were required by the rental management company to put five flatscreens in the 1,300 square foot home (as opposed to the two TVs we have in our larger full-time home). Never have I felt like more of an anti-MMM, consumer pig than when I rolled up to check out with five TVs at Costco, which does seem to always have the best price on TVs.

All of which is a long-winded way to say I'd spend my $400 at Costco as regular everyday expenses came up.

 

I'm a red panda

  • Walrus Stache
  • *******
  • Posts: 8185
  • Location: United States
Re: How would you spend $400 at Costco?
« Reply #34 on: January 20, 2015, 09:12:30 AM »
Does it have to be spent all at once?
Why not just use it to buy whatever it is you usually buy at Costco?

OSUBearCub

  • Bristles
  • ***
  • Posts: 397
  • Age: 45
  • Location: Orlando, Florida
  • Tackling student loan debt/not saving dryer lint.
Re: How would you spend $400 at Costco?
« Reply #35 on: January 20, 2015, 09:30:34 AM »
I'd take a swing through the the books and non-grocery items.  Might be a good time to buy some birthday or holiday gifts to hide away in a closet.

LadyStache

  • Stubble
  • **
  • Posts: 230
Re: How would you spend $400 at Costco?
« Reply #36 on: January 20, 2015, 09:45:16 AM »
Razors, shaving cream, hair products (in addition to some of the other suggestions).

eyePod

  • Pencil Stache
  • ****
  • Posts: 963
    • Flipping A Dollar
Re: How would you spend $400 at Costco?
« Reply #37 on: January 20, 2015, 09:48:36 AM »
Toilet paper. You'll use it at some point.

Fodder

  • Stubble
  • **
  • Posts: 217
  • Location: Ottawa, ON
Re: How would you spend $400 at Costco?
« Reply #38 on: January 20, 2015, 10:10:44 AM »
I would just use it toward my normal costco staples:

frozen seafood (various types of fish fillets)
salmon
top sirloin steak
shrimp
maybe splurge on a bag of the giant sea scallops as a treat
canned tomatoes
passata
quinoa
maple syrup
vanilla
cocoa
nuts (raw and unsalted almonds, pecans, walnuts, cashews and hazelnuts)
coffee beans
dried fruit (apricots, cherries, craisins)
maille dijon mustard
portobello mushroom caps
sweet kale salad (another splurge)
haricots verts
diapers
wipes
toilet paper


Basically, I'd get my normal stockup items, but maybe opt for 1-2 of the splurgier ones as a treat.
Also, if you are in actual need of a swimsuit, Costco has great prices on speedo-type swimsuits this time of year - you can get a great quality suit for less than $20 - I love mine for swimming laps! 

horsepoor

  • Magnum Stache
  • ******
  • Posts: 3493
  • Location: At the Barn
  • That old chestnut.
Re: How would you spend $400 at Costco?
« Reply #39 on: January 20, 2015, 12:39:33 PM »
Does it have to be spent all at once?
Why not just use it to buy whatever it is you usually buy at Costco?

My thoughts too.  If you can get cash back at the register, just do your regular CostCo trip, and put the cash in an envelope and use it on the next trip, repeat until gone (shouldn't take long, it's usually $150ish per trip for us)

If I was going to stock up though, I'd go for dog food, coffee beans, protein powder, olive and coconut oil, canned olives and tomatoes, maybe some hard cheeses that keep well.

dragoncar

  • Senior Mustachian
  • ********
  • Posts: 10037
  • Registered member
Re: How would you spend $400 at Costco?
« Reply #40 on: January 20, 2015, 12:44:32 PM »
Since I rarely make it out of Costco WITHOUT spending at least $400, this is a funny problem to me!



Seriously! 

Anyways, I'd skip meat if you don't normally buy it there.  I've found it to be good quality but not really cheaper than good sale meat at the grocery store.

Above responses indicate you can get cash back.  But if not, and you don't normally spend $400 before it expires, you could purchase an expensive non-electronics item and return it later when you are ready to spend more.  Non-electronics items have basically unlimited return windows.

Or consider getting a gift cards for things you will definitely use.

Villanelle

  • Walrus Stache
  • *******
  • Posts: 7386
Re: How would you spend $400 at Costco?
« Reply #41 on: January 20, 2015, 12:58:58 PM »
Can you get Costco gift cards with it?  If to, do that and use them as you need them on future trips.  The prevents you from having to buy stuff now you don't need, but also uses the full credit so Husband can't squander it on custom knitted club covers. 

If you have family members who shop at Costco, you could even give a $25 gift card as a Christmas (or other) present in the future. 

Similarly, if your Costco sells gift cards to other places that you regularly shop (or things that you could use for gifts you'd eventually give anyway), do that.