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Personal Finance


Dave Says: Wholesale Club Memberships

By Dave Ramsey – These days it pays to be smart about money. That's why it's important to take this wise counsel from financial expert Dave Ramsey.

Wholesale Membership Clubs

Dear Dave,

What is your opinion on wholesale club memberships?


Dear Anonymous,

My wife and I are members of Costco and Sam's Club. We don't buy everything at these places, but do they save you enough money on some things to justify the annual fee? I think so.

The biggest problem most folks run into with wholesale clubs is overbuying. I mean, who needs nine gallons of mustard? You don't, unless you're in the restaurant business. So, if you don't need at that level and won't use at that level, don't buy at that level! You've got to shop around and know your values.

Lots of people think overbuying isn't a big deal, especially if it's something that only happens by mistake once in a while. But the truth is it's really dangerous. You should plan your shopping the same way you plan your budget—with great care and common sense. If you don't, you can end up spending way more than you can afford on things you'll never use. Talk about dumb!


* Dave Ramsey is America’s trusted voice on money and business. He’s authored four New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover and EntreLeadership. The Dave Ramsey Show is heard by more than 5 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at

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