Four good reasons to cancel your Costco membership in 2024 - ForumDaily
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Four good reasons to cancel your Costco membership in 2024

Costco's basic membership is $60 per year for shoppers or $120 per year for Executive. It can more than pay for itself in savings throughout the year, but it's not for everyone. Yahoo shares four good reasons to cancel your membership this year.

Costco Wholesale is a multi-billion dollar membership retailer.

Photo: iStock.com/:jetcityimage

For many people, maintaining membership Costco has the meaning. But if these situations apply to you, it may be time to reconsider your decision.

1. You don't have time to get to the supermarket

Some people shopping at Costco, save money every week. But if you can't remember the last time you went into a store or actually used your membership, it might be time to cancel it. This membership won't do you much good if it isn't used.

On the subject: Seven products we overpay for at Costco that are cheaper at other supermarkets

However, before you rush to cancel your Costco membership, see if you might need it for a one-time use sometime this year. If you're thinking of booking a vacation through Costco Travel for December, that's reason enough to keep your membership instead of getting your $60 or $120 back. You can save much more on a travel package alone.

2. You keep throwing away food you bought in bulk.

One of the benefits of shopping at Costco is that you save on groceries by purchasing in larger quantities. But if you find yourself constantly throwing away sour milk, wilted greens or moldy cheeses, it may be time to rethink your shopping habits.


Bulk discounts only make sense if you actually eat all the food you buy. If you have an inconsistent cooking schedule or your spouse travels a lot for work and is often away from home, then it may not be worth buying food in large quantities.

3. Your children have moved away

The more people you have in your household, the more money you're likely to spend on groceries, tissues, and laundry detergent. But if your kids have moved away, you may no longer need to pay for a Costco membership.

Let's say both of your children have moved away in the last two years. You no longer need to buy food in large quantities. It might be best to look for sales at your local supermarket and prepare smaller quantities.

4. You're tired of losing money on impulse purchases.

If you've ever wandered into Costco, you've probably been tempted more than once to buy something that wasn't on your list. But it's one thing to want to add additional items to your cart, and another thing to pick up and place items on the way to the checkout.

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If you find that it's virtually impossible to get through Costco without making an impulse purchase, it might be time to cancel your membership. Sure, you can save $20 a week on groceries. But if you're constantly spending an extra $40 a week on unplanned purchases, it's not doing your finances any favors.

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