Time is money, and if you’re tying up your money in bulk products for many years instead of weeks, a 10 or 20 or even 100 percent return may no longer look attractive compared to keeping your money in the bank or the stock market
You might not need all that. Photo: DOMINIC BRACCO II / PRIME/The Washington Post via Getty Im I like the way Andrew Tobias talks about bulk buying in The Only Investment Guide You’ll Ever Need: You can think of each bulk purchase as an investment, with a return equal to the savings you accrue by not paying a higher unit price for smaller purchases.
I feel good about this financial decision. Even if I would eventually use the whole package of batteries buying a multi-year supply of anything is likely a mistake. . Plus, storage has costs — financial costs and also emotional ones, as Marie Kondo’s success in the de-cluttering business demonstrates.
This “just in time” approach to home goods is great, when you manage it right. But if you manage it wrong, you may end up buying 18 anti-perspirant sticks in a year, as I did in 2016. I forgot that I’d subscribed to a six-pack instead of single sticks, and then I forgot to cancel the subscription. Because of this accidental bulk purchase, I’ve had to devote a whole storage drawer under my sink to deodorant. Marie Kondo would be very displeased.
My sister estimates that she uses a bottle of wood cleaner every two months or so — which frankly strikes me as a lot for one household, and makes me wonder if she’s cleaning already-clean wood just so she can use up her excess wood cleaner — but obviously she still doesn’t use enough to keep up with Amazon having sent her an eight-pack every three months for a year. She’s been giving the bottles away as gifts to houseguests.
Whether that strategy makes sense for your family depends not only on whether you are conscientious enough to keep track of so much freezing and thawing meat, but also on whether you have room for a chest freezer in your garage, and on whether you have a garage at all. This is one of the costs of living in New York City: Not only are unit prices higher in grocery stores, it is impractical to buy a year’s worth of chicken when it does go on sale.
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