Beyond Groceries: Services That Can Save You
While discounts on everyday items are fantastic, some of the most significant savings can be found in services you use less frequently. This is where warehouse clubs and other membership-based retailers can offer tremendous value, but it requires a careful comparison to ensure you’re truly coming out ahead.
Warehouse clubs like Costco, Sam’s Club, and BJ’s Wholesale Club charge an annual membership fee in exchange for access to bulk goods and a suite of in-house services. Before joining, it’s crucial to evaluate whether the savings on these services will outweigh the cost of the membership itself. Don’t let brand loyalty guide you; let the numbers do the talking.
One of the most valuable services is the pharmacy. You do not always need to be a member to use the pharmacy at some warehouse clubs due to state laws, so it’s worth checking the policy at your local store. Their prescription drug prices, especially for generics, can be significantly lower than traditional drugstores. For expensive, ongoing medications, the savings from a single prescription could cover the entire annual membership fee.
Optical and hearing aid centers are another major draw. The cost of eyeglasses, contact lenses, and hearing aids can be substantial. Warehouse clubs often offer these products and the associated exams at highly competitive prices. However, you must compare the total package. Check the price of the frames and lenses you want, and compare it to online retailers or private optometrists who might be running a two-for-one special. For hearing aids, consider the price, the technology level, the warranty, and the follow-up care included. Sometimes a slightly higher price from a local audiologist comes with more personalized, long-term support.
Automotive services, particularly tires, are another area for big savings. These clubs often run promotions that include installation and a great road hazard warranty. When it’s time for new tires, get quotes from your warehouse club, a local mechanic, and a dedicated tire chain. Be sure you are comparing the same brand and model of tire, and look at the “out the door” price that includes mounting, balancing, and disposal fees.
Travel services can also provide value. These programs often bundle flights, hotels, and rental cars into vacation packages at a discount. If you are a flexible traveler, especially during the off-season, you can find excellent deals. However, always cross-reference the package price against booking each component yourself on various travel websites. Sometimes the convenience of the bundle comes at a hidden cost.
The key to leveraging these services is to be an informed consumer. Know the prices of your local competitors. Understand that regional variation is significant; a great deal in one part of the country may not be available in another. Finally, pay attention to policies regarding appointments and returns. By doing your homework, you can strategically use these services to save hundreds of dollars a year on major life expenses.
