Costco offers significant savings to members who buy in bulk, but discipline is key to avoiding impulse purchases. It is the third-largest retailer globally by revenue, attracting nearly one-third of U.S. consumers.

Membership options at Costco include a $65 Gold Star Membership and a $130 Executive Membership for extra benefits like cashback and discounts. Savings on groceries can offset the membership cost, with significant discounts on items like chicken thighs, Frosted Flakes, and pork chops.

Comparing shopping at Costco to a regular grocery store, one can save over $1,000 annually just on groceries. Additional savings can be found on generic allergy medication, protein powder, breaded chicken breast fillets, and even major appliances.

Costco’s in-house brand allergy medication, Kirkland Aller-tec, can save consumers up to 90% compared to name-brand options. Members can also find protein powder and breaded chicken breast fillets at lower prices than other retailers.

For major appliances, Costco offers savings of $50 to $150 or more and provides free delivery, installation, and disposal of old appliances. These savings can be a valuable addition to your financial planning, whether for retirement or building an emergency fund.

By putting monthly savings from Costco towards investments with an average 7% return, you could save over $40,000 in 20 years. These savings could cover extra expenses in retirement or help build a fund for emergencies, showcasing the financial value of Costco membership.

Read more at Yahoo Finance: 4 hidden Costco finds no one’s talking about, and the major savings you’re probably leaving on the table