Food Theory: Costco DOESN’T Save You Money!

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Published 2023-02-28
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Inflation is getting out of hand! With rising gas prices, egg shortages, and interest rates, most of us are looking to save a buck where we can. And a great way to do that is buy buying BULK! Or is it actually the way to go? We’re breaking down the biggest myth when it comes to Costco and the best hacks for saving money at your local retailer.
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Credits:
Writers: Matthew Patrick and Brittany Leigh Turnbull
Editors: Tyler Mascola and Danial "BanditRants" Keristoufi
Sound Designer: Yosi Berman
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#Costco #GroceryShopping #SaveMoney #Grocery #GroceryStores #MoneySavingTips #MoneyHacks #CostcoHaul #EggPrice #Inflation #Theory #FoodTheory #Matpat

All Comments (21)
  • @thedealguy
    Amazing video Food Theorist Team! 😀Costco Hot Dog + Soda Combo Forever!!!
  • Matpat’s inner dad is on full display. Trying to be as cheap as possible with shopping like a true father.
  • When I lived in LA in a large, poor, family, my mother used her Costco membership exactly how you're suggesting. Every other dinner was Costco hotdogs, and it kept our family fed for years. We couldn't afford meals, so 3.00$ to feed 5 people was a great deal. My mother is an amazing and thrifty woman.
  • @ryann8348
    I have a Costco within a mile or two of my house. I probably make up my membership fee just from rotisserie chickens. I think I've become recognizable to the staff by repeatedly walking out with just a chicken. My 4-year-old knows that we have to look for the biggest chicken
  • @T-Sharp
    As someone who worked there, they also move products around regularly to make you spend longer looking for things. Its not just the random placements, the placements change constantly.
  • @MylingCyrus
    Shrinkflation is also terrifying I work in a grocery store and noticed that a brand of pasta sauce had changed their Alfredo sauce to be like 100ml less. Noticeably smaller jar and same price
  • @Mythikron
    As the oldest of 7, Costco and Sam's Club are a lifesaver. When you have to buy 9 peoplesworth of things, you end up getting way more bang for your buck, you use everything, and it's way less individual items to handle when shopping. So while it's a mediocre deal for an average family, it works wonders for a large family like mine.
  • @soren3569
    We did the math, back when we lived near a CostCo. The best deal was actually the gas--it typically ran about 10-25 cents a gallon below the nearest stations in any direction. That pretty much covered the cost of our basic membership over the course of a year.
  • @nata6025
    Some really great points made. One thing to consider re bulk purchasing that first came to my mind is: bulk buy what doesn't expire. Ie toilet paper, kleenex, unwaxed floss, pasta, flour, dried legumes etc. Even toiletries and skincare can expire and you'd be surprised how quickly you get sick of the fragrance, or you skin decides to reject your favourite moisturiser you've been using for 10 years - or it's just not moisturising enough now that you've turned 27. Another thought that came to mind - you can really make some cost savings if you have growing sons, even more if they're athletic.
  • @em05490
    As a Costco employee who works in the meat plant making the $1.50 hot dogs, I have a lot of pride in the products with make and will always grab a hot dog when I’m out shopping at Costco almost every time.
  • @keiz_
    I used to work at Costco, if you have a $120 membership you get money back from your purchases. If you have and upgrade from the base $60 Gold Star to the $120, but for that year you don't at least earn back the $60 for the extra upgrade costs, they'll refund you the difference at the end of the year.
  • I have the $120/yr membership, but I don't pay a dime for it. The 2% cash back they give on all of my purchases pays for the membership and usually leaves me $20-40 left over to pur toward my shopping bill. The main reason I keep shopping there is the quality of their produce. No store in the area can beat it. Family of 4.
  • @VortexMagus
    Mom and I literally did the math on the costco membership and we figured that if we filled up on gas 8 times a year between the two of us, we'd be saving money with the membership. We barely shop there (maybe once a month on average) but the gas savings alone put us ahead. Might be different or not so different for you depending on exactly how much gas you need and how much the costco fuel savings are for you on average. These calculations were done assuming costco was charging 70 cents less than other gas stations for fuel which is roughly accurate to our area.
  • @lexmori9356
    Back when I lived with my parents, brother, and grandparents, Costco was an ideal place for us to buy most of our groceries. When I moved out with my fiance, it became a LOT harder for us to justify Costco while living in a 1 bedroom apartment with very limited kitchen/refrigerator space.
  • As a Costco employee, this was fun to watch. And you’re not kidding about the products being all over the place. We’re told it’s to "create a treasure hunt atmosphere" haha. In reality the store basically get disassembled and then reassembled every night. It’s super chaotic and messy, and it’s always incredible how quickly everything becomes ship shape just in time. It’s a good company, and I love my store’s workplace.
  • @SpacePellets
    Honestly, the groceries I have access to, Sobeys, Save On, Safeway, Super Store, Coop, Freshco... none of them sell as fresh meat or Salmon in decent sized packs and the cost of meat is much better at Costco. Plus the salad packs are priced way better. I always just buy the same items I don't impulse buy.
  • Having enough discipline, I have more than made my money back on things we do not waste in our house. With my executive membership, I’ve also earned myself over a grand in rewards this year, so I’m happily pro-Costco haha
  • @havendidit
    As someone who recently said to my husband "what if we got a costco membership and just ate hotdogs for every meal, that would save a lot of money right?!" I feel like this video is incredibly relevant to me personally.
  • @HOTTAKECITY
    As a Costco worker for more than 5 years, I agree with everything he said, Costco also makes their stores in a “horseshoe” fashion, with the expensive items, plus the free samples, being on the ends, with the deals more towards the middle of the isle, making you stay on the main isle GENIUS!! They also make their gas around $0.30 cheaper than competitors around the area, with the Visa card, which also has deals (and basically a free membership when you signup) is definitely an anti-inflation strategy that shouldn’t be overlooked.
  • @CameronSevyn
    This video did nothing but make me respect costco even more and want to spend more there 😭