Career and Money Advice At The Intersection Of Business And Technology

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Mortgage, child care, and Costco

December 8th, 2008 · 2 Comments

"Every month, my pay check goes to 3 places: my mortgage payment, nanny for my kid, and Costco! :-)" — a new mom.

"The other day, I was at Costco. Someone asked me if I wanted to upgrade my membership to ‘Executive Membership’ — it’s $50 more, and they told me that I would get a higher rebate rate. And based on my purchase from last year,  I would end up getting more money back. Of course I upgraded my membership." –   a newly retired neighbor.

"I got a check from Costco American Express Card. For six months of purchase, I’m getting almost $300 back. But the money will be right back to Costco since I will spend most of the money at Costco anyway". — A middle-age software engineer.

I also enjoy shopping at Costco. I haven’t really met anyone who doesn’t like Costco. However, be careful about your spending at Costco. The final bill of each Costco shopping trip could easily go above $100. Treasury hunt in Costco is fun, but you could also end up buying a lot of stuff you don’t really need.

We should all tighten up our belt during this difficult economic time to prepare for a rainy day.

Next time, before you go to Costco, set a monthly "Costco budget". You’ll be surprised that how much money you’ll save.

Tags: Saving Tips

2 responses so far ↓

  • 1 alex // Dec 12, 2008 at 6:25 pm

    save to my Bookmarks 😉

  • 2 Cheap Textbooks // Feb 26, 2009 at 9:40 am

    thanks for this tip. Especially during these crisis, money management and saving is must. I think having a specific budget at least refrain me from any tempting offers.

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