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7 Products to Never Buy in Bulk

Is buying in bulk really worth it?

Many consumers assume buying in bulk saves cash. Not always: A recent study in the International Journal of Consumer Studies found that low-income households waste more food than middle-income homes, partly due to bulk buying. Brian Wansink, author of “Slim by Design: Mindless Eating Solutions for Everyday Life,” says only half of what families buy in bulk is eaten within a week. The other half goes to waste. “You’re so tired of the food you bought, you end up throwing it out,” Wansink says. He still believes buying in bulk is cost-effective, but only if you do it right. Here are seven products to never buy in bulk if you’re on a budget.

Condiments

Although giant bottles of ketchup and mayonnaise may seem like bargains compared with the price of smaller containers, family finance and frugal living expert Jordan Page advises leaving them on the shelf. “It almost always will go bad before you can go through it,” she says. Instead, she suggests waiting until the standard-sized products go on sale, as they do during summer barbecue season.

Over-the-counter medication

“Over-the-counter medications are typically not a good idea in bulk simply because they can expire before you get through them,” says Kendal Perez, a spokeswoman for CouponSherpa.com. For example, pills such as ibuprofen or acetaminophen may last a few years, but they can expire much quicker if stored improperly. Perez says it’s cheaper to skip the name brands and buy generic products in smaller quantities.

Canned food

Although the shelf life of some canned food can be years, they’ll go bad quickly once they’re opened. For this reason, Page suggests avoiding bulk cans of pasta sauce or vegetables, despite the seemingly lesser cost per unit. “You would basically be eating spaghetti sauce or crushed tomatoes for two weeks straight if you were trying to use up everything in that can,” she says.

Boxes of something you’ve sampled

It may be tempting to purchase the entire box of a sample you just tasted at Costco, but Perez says it can go to waste quickly if the product turns out to be not as good after the first bite. “You want to make sure you really like it before you have a whole ton of it that you’re going to consume,” Perez says.

Soda

Buying crates of soda from wholesale stores is a bad idea, Page says. “Soda is one thing that people will tend to buy crates of from Costco or wherever, but you are overpaying,” she says. Instead, she suggests waiting until your favorite brand of soda goes on sale, then buying it in smaller quantities.

Sunscreen

Stocking up on sunscreen before hitting the beach? Dr. Melda Isaac, founder of MI-Skin Dermatology Center in the District of Columbia, says you should buy sparingly and be mindful of expiration dates. “If it is left open, then the active chemical ingredients in sunscreens degrade,” Isaac says. Instead of using chemical-based sunscreens, she suggests picking up physical-block sunscreens that contain zinc oxide and titanium dioxide as active ingredients, since these have longer shelf lives.

Produce

Although you may find great deals on in-season produce when buying in bulk, fruits and vegetables tend to spoil quicker than shoppers can consume them. “Most of the time, half of the package is going in the garbage,” Page says. She suggests purchasing a smaller amount — even if it costs more per pound than buying in bulk — because you’ll be more likely to eat it before it goes bad.

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7 Products to Never Buy in Bulk originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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