What Does Co-Op Mean and How Can They Save You Money? (2024)

Brittany Kline | Updated Meal Planning

What Does Co-Op Mean and How Can They Save You Money? (1)

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If you’ve recently made the decision to start shopping organically and make healthier food choices for your family, you may have noticed the higher price tags or your grocery bill going up. There are many reasons why these options often cost more, but I’m not here to tell you why; I am here to tell you that it does not have to be that way.

Shopping organically not only benefits your personal health, but others as well. Local farmers, the environment and the overall community you live in can all benefit from this change. Where you shop matters as well. It can be difficult to choose which store to shop at when big-box stores advertise unbeatable low prices for household staples. You have options, and it’s possible to balance these strong moral values with a tight budget.

Co-Ops, or cooperative grocery stores or markets, are a group of grocery chains committed to higher quality, locally and ethically sourced food and household products. They source produce, grains, meat and dairy mostly from local farmers, and provide knowledge and resources on how to live a healthier lifestyle. This is all very important to me when I shop for my family.

How does it work to shop at your Co-Op? You do not have to become a member, but it can offer you discounts (ours gives a 10% discount once a month on non-sale items), as well as mailings, news, and more. Check with the service desk if they offer any other programs to help you save money. Ours offers a program called F.L.O.W.E.R. This programbenefits families that receive government assistance from WIC, food stamps, Medicaid, etc.

I use many of the same rules to shop my Co-Op as any other store or shopping trip, here are my top ways to save:

1.)Sign up for WholeShare.comand get a FREE $50 creditif you start your own group!

What Does Co-Op Mean and How Can They Save You Money? (2)

2.) Print or clip your coupons, especially the high value ones when they come out.

Before you shop, check with your store’s service desk to see what their policy is for coupon acceptance. My store does not have a formal or written coupon policy, but do adhere to the guidelines written on the coupon by the manufacturer, so I have gotten very practiced at reading the fine print.

Here are some other places to find organic coupons:

  • Co+Op Deals issues a coupon book that match up with sales over the course of a month
  • Wegmans Nature’s Marketplace magazine has really good manufacturer coupons (free and located in the Nature’s Marketplace section at Wegmans grocery store)
  • There are many printable coupon sources such as: Recyclebank, Common Kindness,and Mambo Sprouts.

3.) Watch the sales: Co+Op chain releases a sales flyer (Co+Op deals) every two weeks.

Stock up on rock bottom prices when you see them. I have gotten frozen vegetables, organic coconut oil, eco friendly cleaning products, diapers, and more for free or next to nothing.

4.) Become familiar with the products carried at your store, andcomparison shop.

I am not able to fill all our needs by shopping at my store every week, but rather shop specific needs that are cheaper here than anywhere else.

Here is what I usually shop for at my store:

What Does Co-Op Mean and How Can They Save You Money? (3)

1.) I love buying bulk foods from the Co Op. You can find some great prices!

What Does Co-Op Mean and How Can They Save You Money? (4)

2.) Spices; on sale or not, you cannot beat the price per ounce than anywhere else (Aldi, the Dollar Tree, Walmart, etc). Usually listed are the price per pound, so as you can see in the photo above, organic ground pepper on sale at $11.99/lb divided by 16 ounces in a pound = $0.75! Aldi charges $0.99 for a container of black pepper. The Italian herb mix is another one we go through a lot here, and even when it’s not on sale still only ends up being $1.21 per ounce.

What Does Co-Op Mean and How Can They Save You Money? (5)

3.) Grains, legumes, flour: price you pay is a steal considering the supply is provided by small farms in your area. Our store offers a “case Sale” where you can buy these items and more in large quantities or packages for less.

To find a Co+Op store in your area, visit https://strongertogether.coop/coops/. or sign up for Wholeshare.comand join a local group.

Another ways to help your family eat better on a budget is to join a CSA (Community Supported Agriculture) or farm share over the summer. This allows you to get an abundance of produce fresh from the farm, try new things, and eat seasonally.

There are many different types of CSA’s, such as vegetable, fruit, meat or dairy. I am lucky to have two uncles who raise beef and poultry (one in Lansing, NY and one in Greenwich, NY) which is where we get our meat from. Wholeshare.com is another way to grocery shop, similar to a cooperative market, but from someone in your area instead of a store. You can find a group on the website, or start one of your own. There are many benefits to starting a group on Wholeshare.com. Summer is coming, and that means farm stands, pick your own produce, and gardening which can also help save money.

I would LOVE to know, what is your favorite way to shop at your co-op? Are there any favorite foods you like to buy?

Have you grabbed my Chaos to Control Starter Guide, yet? I might be biased but I think it’s pretty amazing! Check it out!

What Does Co-Op Mean and How Can They Save You Money? (6)

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What Does Co-Op Mean and How Can They Save You Money? (13)

About Brittany Kline

Hi, I'm Brittany Kline! A organization, productivity, and home systems expert. With my master's degree in education and life experience as a mom I help other moms simplify and organize their entires lives. I have been featured in online publications like Forbes, TIME, USA Today, Huffington Post, Business Insider, Marie Claire, The Penny Hoarder, Bankrate, Nerd Wallet, CNBC, Acorns, Yahoo Finance, MSN, GoBankingRates, Her Money, Thrive Global, The Simple Dollar, Money Crashers, Readers Digest, FinCon, Best Company, Rent Cafe, Romper, Intuit Turbo, Opp Loans, CreditCards.com, Debt.com, Discover, LifeLock, Quick Sprout, Money Geek and many more! Click here to read all of my posts.

What Does Co-Op Mean and How Can They Save You Money? (2024)

FAQs

What Does Co-Op Mean and How Can They Save You Money? ›

A co-op, or cooperative, refers to a residential building owned by a corporation,” says Brian Shahwan, vice president and mortgage banker at William Raveis Mortgage. “Residents looking to purchase a unit within a co-op will own shares of the overall corporation rather than owning the walls-in unit itself.

What does co-op mean? ›

Definitions: "Co-op" usually refers to a multi-work term agreement with one employer; traditionally with at least three work terms alternated with school terms, resulting in a five-year degree program for what would otherwise take four years. Co-ops are traditionally full-time, paid positions.

How to save money at co-op? ›

Choose two of your favourite offers each week in the Co-op App and save money on the things you love. Each week, you can: Go online or on the app to see new offers on products you like to buy or might want to try. Choose the 2 offers you want to use - scan your Co-op Membership card in the app to use your offers.

How does co-op money work? ›

Co-op marketing dollars are money you receive from manufacturers to help fund your advertising. As a retail company, you likely resell items from other companies. When you sell their products, you both benefit. For that reason, many manufacturers help fund your marketing of their products.

What are the benefits of a co-op? ›

Co-ops are typically less expensive than single-family homes or condos. You may have fewer maintenance responsibilities as a co-op owner. Some co-op ownership fees are tax deductible.

How does the co-op work? ›

Co-ops are owned by the people closest to the business, not distant investors only interested in a financial return. These are typically the workers, customers or local community.

Are coops good investments? ›

Both condos and co-ops can be good investments but for different reasons. Co-ops are often seen as safer and more stable investments. This may mean that though they don't provide the same upside or potential to earn passive income, they'll likely retain and grow their value over time.

Why is co-op cheaper? ›

Closing costs are much lower on co-ops because you're buying personal property (shares and the proprietary lease) which avoids the mortgage recording tax. Co-ops also don't require title insurance as the co-op knows exactly who owns each unit at any given time.

How to save money in cooperative? ›

Make the most of a savings account

Most current accounts don't offer interest, so using a savings account is usually the best way. And keeping your savings separate to your everyday spending can help you see how much of your money you've put aside for savings, and help with budgeting.

Do you get money back from Coop? ›

Earnings are returned to members either as equity or cash, depending on each co-op's financial situation. The cash portion is paid out to you each year.

Can you get cash back at co-op? ›

Our free cash machines and cash back option at the till means you can access your money when you need it.

What happens when you pay off a co-op? ›

When you pay off the cooperative loan, the bank will return the original stock and lease to you and will also forward a “UCC-3 Termination Statement” that must be filed in order to terminate the bank's security interest in your cooperative shares.

Who is the owner of a coop? ›

The Co-operative Group is jointly owned by millions of individual members and Independent Co-operative societies.

What is co-op good for? ›

Benefits of co-op

Alternate study and work terms to apply what you learn in class to real-world work situations and then apply what you learn at work to your classroom studies. Learn more about your career options by test-driving different work environments before you graduate.

What are the 3 advantages of cooperatives? ›

Advantages of a co-operative include that:
  • there are equal voting rights for members.
  • this structure encourages member contribution and shared responsibility.
  • liability for members is limited.
  • there is no limit on the number of members.

What is the main goal of a cooperative? ›

Why do co-ops exist? The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.

What does co-op mean in slang? ›

Slang. a prison. Sometimes Facetious. a cooperative, especially the cooperative bookstore of a college or university.

What does it mean if a game is co-op? ›

A cooperative video game, often abbreviated as co-op, is a video game that allows players to work together as teammates, usually against one or more non-player character opponents (PvE).

What does it mean to buy into a co-op? ›

By definition, a co-op, or a “cooperative home,” is usually a multi-family piece of real estate in which a business holds the title to the property. The residents gain equity in the building by buying shares in that business. Co-op residents own a share of the property but not the deed to the property itself.

What is co-op vs multiplayer? ›

Essentially, co-op is a sub-genre of multiplayer games with the defining trait being that the gamers assist each other in beating the game as opposed to competing with each other in other words, it is a “cooperative” gameplay.

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