Is buying in bulk actually cheaper?
Sometimes. The larger package only wins if its unit price is lower and you actually use what you buy before waste, spoilage or storage costs eat the savings.

Key points
Unit price, not package price
How much you can realistically use or store
A larger package is not automatically the lowest unit cost

Start with unit price
NIST describes unit pricing as a value-comparison tool. For packaged goods, the unit can be an ounce, pound, liter, count or another consistent measure. This strips away package-size psychology and lets two sizes compete on the same denominator.
Waste can reverse the math
FoodSafety.gov recommends tracking what is in the refrigerator, using or freezing food before it must be discarded, and following storage limits for perishables. A bulk package that is 15% cheaper per ounce is not cheaper if 25% ends up in the trash.
The non-food wrinkle
Paper goods, detergent and other shelf-stable items avoid spoilage, but large packages still consume storage space and cash up front. Membership fees also matter if the “bulk bargain” requires a paid club.
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