We Let Our Costco Membership Expire.

Our Costco membership expired. We let it. That might surprise people, given that we are a couple focused on keeping a budget, and Costco is a budget friendly store. We actually let our membership expire because of the budget, however. Let me explain.

I started calculating the savings we gain using our Costco membership. Gas is the largest category for savings. We save an average of 10 cents per gallon of gas we buy. Multiplied by the approximate six gallons of gas I use to commute to work each month, that is 60 cents of savings, or $2.40. We save some money on products we buy, but we don't shop regularly enough for me to calculate them monthly. We also have another bulk store right next to Costco and shop there more often. We could save on eyeglasses and prescriptions at Costco, but for various reasons, we don't use Costco for those services. With Costco membership costing a minimum of $60 a year, we need to save an additional $2.60 a month to make the membership cost a wash. I'm not sure we're doing that.

Then there are the time and convenience factors. I learned about grocery pickup when COVID-19 hit, and have stuck with it since then. Costco doesn't have this service. Costco is also more difficult to enter and exit due to lines and extra precautions. Honestly, going to Costco lately has become more of a stressor that a stress reliever. I really like Costco products (think cheese, peanut butter, cocoa, cinnamon, etc.), but I wonder if my preference is really worth the costs to both our budget and our time. So we're letting our membership expire to see.

Will we likely renew our Costco membership at some point? I believe we will. Maybe in a few months. Maybe in a few years. Maybe never. If/when we go back, I want to make sure have a good rationale for doing so. I want to make sure it's worth it, and not just for budget reasons.