To buy in bulk or not to buy in bulk? There are several benefits to bulk buying, but it’s not always worth it. Here are 5 questions to ask yourself before loading up the cart:
Do I have the space to store it?
The first thing to ask yourself before buying in bulk is if you have sufficient space to store it all. Sufficient space is subjective, but if you can store it without overloading your space and creating clutter then it might be a yes.
Do I have a plan to use it?
Without a plan to actually use it up, it may just go to waste. Diapers are a popular bulk buy for example. If you are a few months into wearing one size then buying another large box might not be a good idea. Babies can grow into the next size overnight, it seems, which would leave you with a ton of unusable diapers. Always plan before you buy.
Is the freshness period long?
Check the expiration date. The best laid plans can come to a screeching halt if it expires or passes the freshness date. Bulk buying is usually best for non-perishables.
Am I committed to the product?
If this is something you commonly purchase, enjoy, and have no plans to stop using in the future then your commitment level may be high. However, if it’s new to you then there is a risk you may not like it and be stuck with a bunch of unwanted product.
Are the savings significant?
Buying in bulk can save more than just money. There are also savings of your time spent shopping and a reduction in packaging. These are all things to weigh when considering buying bulk.
If your answer was yes to these questions then the next consideration is how best to store your extra large purchase. Start by splitting up the item and only keep a smaller usable amount in main storage (i.e. pantry, cabinet, or closet) and keep the remaining stock in a supply closet, upper shelf, or storage room. This ensures your everyday storage is not overrun by large, bulky items. For any leftover perishable stock be sure to store safely using air tight containers. There’s nothing worse than finding your investment has gone stale or been exposed to moisture and critters. Also make sure you can easily access and see what is left to prevent overbuying in the future. Below are a few recommended overstock storage containers:
After you’ve selected a suitable storage solution, be sure to add labels! Visit the IHB shop to create your custom labels HERE.