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The 5 Biggest Money Myths -- Busted!

Could you unknowingly be cheating yourself out of money?

save money on grocery bill

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Myth #1: Bulk is always better
Sure, warehouse stores like Sam's Club or Costco, or big-box places like Target, can be home to massive deals, but that doesn't mean you should purchase everything there. Buy in bulk only the items that you routinely use, such as toilet paper and 90-day prescription medicines, says Manisha Thakor, personal finance expert and author of Get Financially Naked: How to Talk Money with Your Honey. If you entertain a lot, bulk wine might also be worth the investment. Thakor recommends sticking to supermarkets for perishable items; you could end up paying more per unit for something super-size that will expire before you even finish a quarter of a container.

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