Thursday, July 26, 2007

Why buy bulk?

Think twice before hoarding 'forever' stamps you might never use points out a reason not to buy in bulk is because it ties up your money that could otherwise be earning interest. If interest returns on bank accounts were greater than inflation this might make sense. If yours are I would like to know what bank. Inflation is running about 6% officially and as high as 15% on some common household items. Most banks or short term investments do not earn this. There is also the cost of multiple trips to the store. I have my neighbor pick up milk for me on their trips and I do the same for them in between and now go half as often. When buying in bulk make sure it is a good deal. Make sure you are going to use it. And make sure you need it and have a place for it. For example find out what kind of toilet paper you like. Then price an individual package compared to the giant package. Buy the best deal to last six months. You make money because of inflation. You save gasoline from fewer trips to the store. You help the environment by reducing pollution and traffic congestion. Be careful not to buy in bulk an unknown product. You could end up with too much of something you don’t like. It can be a great comfort during the next snow or ice storm knowing you are not going to run out of toilet paper. It can also be beneficial to not wait until you run out. Buy replacement toilet paper when you have used half your supply. This gives you more than one chance to stock back up without having a bathroom emergency. If you do limit your trips to the store don’t be surprised if neighbors ask to borrow things.

1 comment:

Anonymous said...

I assume toilet paper is a pretty high priority item in most households!