1 Million Dollars

Saturday, December 27, 2014

Join or create a buying co-op to save money

When I first started looking around on blogs to learn tricks to save money many people talked about how wonderful stores like Costco are.  But often unless gas is much, much cheaper and you drive a lot, as a single person, Costco is not a good deal.  But what if a whole group of people went in on the large box items together?  Sometimes then it is a good deal.  And what if one of those people can get free access to a big box store via their parents?  It might become a wonderful deal.

And you can take this idea further than just Costco.  A local butcher shop in Buffalo will occasionally have major deals on chicken and steak but you have to buy 40lbs in chicken or 15lbs in steak.  Besides the fact that 40lbs won't fit in my freezer, I can't afford 15lbs of steak.  But if a bunch of grad students chip in, we all can get a little bit and save a lot of money.

That is the idea behind co-ops, groups of people getting together to buy large amounts.  I have notice quite a few high end co-ops for organic groceries, but you can create your own as well.  So all you need to do is fine one person with a car, one person with a membership to a big box store and a few people who want to buy in and you are set.  Each person picks a store to watch and then a text or email to the whole group when a deal comes and everyone benefits.  

This collaborative approach towards saving money can save you money, time and space, all things many college students lack.  Are their any readers that have tried this before?  Or do you plan to try this during the new year?