Buying in bulk to save a buck
But buyer beware: Bulk pricing isn't always best. It's important to look at your unit cost (by ounces or other measure) to see if you're really getting a good deal. Shoppers automatically assume that products bought in bulk save them money. And while that's often the case, it's not always the case so you have to be educated about what you're buying.
You should also resist the temptation to overbuy. If you aren't able to use all of a bulk food product before it spoils, you're no further ahead. And buying three year's worth of toilet paper doesn't seem to make sense. If you're buying something you don't need simply because the price seems right, you may want to think twice. Smart shoppers buy in bulk only when it makes good economic sense.
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.