Supporting a family of any size is rough these days. The cost of goods and services continue to rise while most salaries stay the same. Getting by requires a great deal of savvy spending and wise decision making. You may not be able to change the outcome of the economy or convince your boss to give you a raise, but there are ways to cut back and save. One way of doing this is to start shopping wholesale.
What is Wholesale?
Wholesale is when a company purchases products in sizeable batches directly from the distributors or manufacturers. This company (wholesalers), is then able to sell these items back to their customers at a more convenient rate. By shopping through these vendors, you’re able to buy individual items at a decent rate or bulk items for even more savings.
Benefits of Shopping Wholesale
Lots of people flock to stores to purchase items in bulk. There are several advantages to considering this method for your household.
- You can get big savings as compared to traditional retail shopping.
- Buying in bulk also ensures that you have access to the products you need on a daily basis.
- Bulk purchasing can also help you to build a stockpile which reduces the cost of your grocery bill over time.
- Wholesale shopping can also prove lucrative for individuals interested in reselling items for cash.
Things You Should and Shouldn’t Buy Wholesale
As beneficial as wholesale shopping could be for you and your family, it is only to your advantage if you’re buying things in large quantity that make sense. Below, is an idea of items you should consider stocking up on and things you shouldn’t.
School or Work Uniforms
If you have kids who need khaki pants and white t-shirts for school or a spouse who needs sturdy work pants, buying more than one at a time can save you money. There’s wholesale clothing at shirtspace.com and other online and brick and mortar locations that you can find deals on everything from durable work pants to white button-ups and cardigans.
School or Office Supplies
Your household likely goes through a ton of pens, pencils, paper, and other supplies during the course of a year. You can save more money by purchasing these things in large quantities.
Another category of items you should consider buying in bulk is paper goods. Things like napkins, toilet paper, paper towels, and paper plates always come in handy.
Need to fill up your pantry? Whether you need fruit, vegetables, beans, or sauces, you can buy these canned goods in large batches. Canned products have been preserved and have a long shelf life so you don’t have to worry about wasting good food and money.
Produce is one category that shouldn’t be purchased in large quantities. Reason being, fruits, and vegetables tend to spoil very quickly. So, unless you have a large freezer to clean, chop, and store your produce it could end up being a big waste in a few days.
Anything that needs to be stored in the refrigerator is probably not ideal to have in large amounts. Again, these things spoil quickly and would likely go bad before you got a chance to use them.
The high cost of living coupled with rising debt makes it almost impossible for families to live comfortably. To make the most of your paychecks, it is therefore essential to make efficient purchasing decisions. Shopping wholesale or bulk, in many instances, is a great way to stretch those dollars. It increases your savings, stocks your home, and can even turn into a lucrative side hustle. Start buying some of the recommended items listed above and see just how much you can save.