Experts say you may want to reconsider your membership at your local big box store, especially if you signed up for more than one club to save money. That's because Sam's Club, Costco, and BJ's Wholesale aren't all created equally for retirees, and the experts we spoke to say you can save money by focusing on just one of these stores. So, which big box retailer will give retirees the most bang for their buck? You may be surprised.
When it comes to big box stores, Clay Cary, Senior Trends Analyst at CouponFollow says Costco gets his seal of approval.
He cites things like:
Pharmacy discountsOptical servicesHearing aidsTravel discountsBJ's Wholesale
Plus, budget-conscious retirees may be drawn to BJ's less expensive membership for shoppers. "BJ’s has a Club membership for $60 a year, which is cheaper than Costco’s Gold Star membership for $65 a year, along with curbside pickup and coupon use," he continues.
Retirees who don't want to experience sticker shock when they sign up for a membership may want to consider Sam's Club, according to Michael Stein, Founder of Tarps Plus, Ecommerce Entrepreneur, and Business Growth and Retail Expert at Tarps Plus.
So, Which One Should Retirees Actually Choose?
While all three stores have their pros and cons, the experts we spoke with recommended Costco over the other options. However, that doesn't mean that Costco is the best fit for every retiree, according to Cary. "For instance, if a person looks for a convenient shopping experience, he or she might be attracted by Sam's Club and its Scan & Go technology," he says. "At the same time, retirees living in areas where BJ's operates can enjoy extra manufacturer coupons which usually go unnoticed by other shoppers."
While Costco appears to reign supreme among the experts, especially given Cary's endorsement, those looking for more flexibility with bulk shopping or better affordability may want to give BJ's a second look.
Sources:
InvestopediaClay Cary, Senior Trends Analyst at CouponFollowRachid "Rush" Wehbi, CEO at Sell The TrendMichael Stein, Founder of Tarps Plus, E-commerce Entrepreneur, and Business Growth and Retail Expert at Tarps PlusDisclaimer: This article is for informational purposes only and does not constitute financial advice.
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