From personal experience and with straightforward explanation, let's explore the benefits and how-to of stockpiling.
Admittedly, I may have looked a bit silly with a cart full of twenty Go-Go Squeezs, but it wasn’t silly when I saved nearly $50 (or 35%) off the bill for 1/3 a year supply of my kid’s favorite go-to snack. How? Through stockpiling
, a common and simple strategy for buying groceries or other products ahead of need at great prices to save over time.
A Calculated Breakdown of the Facts, Needs, and Results When Stockpiling
- Box count includes 12 units
- Regular price is $6.99 per box (or $0.5825/unit)
- Sale price is $6.00 per box (or $0.50/unit)
- Deal price is “Buy 3, Get 1 Free” ( or $0.375/unit)
(Note: There was no limit posted; four is the typical quantity limit per transaction.)
- Usage pattern 1/day/child x 2 children (14 units/wk)
- Usage weeks thru product’s expiration date (17 Weeks)
- Usage need 14 units/week x 17 weeks (238 units)
- Boxes needed 238 units / 12ct = 19.83 boxes (20 boxes, rounded)
- Purchase 15 boxes at sale price ($6 x 15 = $90) vs. regular price ($6.99 x 15 = $104.85) equals $14.85 in savings
- Get 5 boxes free ($6.99 x 5) equates to $34.95 in savings
- Buying all 20 boxes at regular price would have been $139.80
- Overall savings is $14.85 + $34.95 = $49.80 (or 36% off)!
A Simple 3-Step Process to Follow When Stockpiling
Even better than long calculations – once you understand the stockpiling logic, you don’t have to go through this math each time … just follow this 3-step process: 1) watch out for rock bottom pricing, 2) ballpark your savings from buying ahead, and 3) estimate the space you have available to store your purchase. If all signs point to yes in the above questions, then buy and watch your savings stockpile (both literally and figuratively)!