The practice of buying in bulk has been in place for a long time. There is a general belief that you spend less by buying in bulk. Like all beliefs, this is subject to interpretations and circumstances. In the event that you wish to stick to a budget, it becomes difficult to put the bulk-buying into practice. No matter how sound the concept of buying in bulk sounds, there are boundaries to it in practice. It is not really about buying in bulk, rather it is about buying the right bulk.
First off, buying bulk is a splendid way of getting your everyday needs as a relatively reduced cost. And it is encouraged by many stores; hence the ubiquitous promotion of buying a large quantity to qualify for the additional amount given for free. By simply checking the unit price and comparing it with the bulk price, you will understand why buying in bulk is guaranteed to save you some extra quid. And you may even be lucky to get reasonable discounts on the bulk purchases, which results in paying less for more. In order to enjoy the cheap prices of bulk buying, it is a norm among friends and families to plan to buy groceries together and subsequently share it. These are great ways of spending less on your needs. Buying in bulk is perfect for non-perishable goods and those with a long shelf-life. This may include toiletries, dental products, batteries, rice, and paper products.
However, taken to the extreme, you may end up hurting your finances by buying in bulk. It is not everything you need that fits the buy-in-bulk policy. Buying in bulk is ideal for the purchase of ongoing needs; and which are not perishable. What you should buy in bulk is dependent on the typology of such goods. For instance, perishable groceries that spoil fast should not be bought in bulk to avoid spoilage. Similarly, some products, while not being perishable goods, have a storage time frame. You may decide to buy a jar of cheese to last you for some time. Stocking up 20 jars of cheese make at half the price is a mouth-watering offer. However, it makes no economic sense. In fact, it is a big gamble. You may end up being a perfect example of penny-wise pounds foolish. By the time you get to the third jar of cheese, you find out that they have passed their storage time-frame.
You will have given yourself future headaches by buying bulk items like fruits, vegetables, condiments and other perishable items. Buying in bulk should be practised carefully, for every product; there is the right bulk that should be bought. This can only be calculated by you, based on your needs and budget. You are not simply buying in bulk to satisfy your objective of spending less; you are engaging in it to optimize your spending. So it is important that you get it right.