Is Five Below the Discount Retailer You're Missing Out On?

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Many people prioritize shopping at discount retailers to honor their budget. Some join warehouse clubs like Costco to score members-only deals, while others get what they need from low-cost retailers like Dollar Tree and Five Below.

If you're sick of overspending, it may be time to explore new retailers with great deals. Could you keep more money in your checking account by shopping at Five Below? It's possible. Let's discuss what you need to know about Five Below before visiting your local store.

Many items are priced at $5 or less

If you're looking for a retailer with great prices, Five Below is one store to consider. Most items sold here are priced at $5 or less, just like the store's name suggests. If you're working with a limited budget, shopping deals like this can help you stretch your dollars further.

But some items sold at Five Below are more expensive, and sold under the label Five Beyond. Keep this in mind as you walk around the store. Always check the price tag before you add something to your cart so you're not caught off guard at checkout.

However, don't disregard items priced above $5, as some of these finds can be value-packed. For example, you can get a 10-pound dumbbell from Five Below for $5.95. But you'll pay $15 or more at retailers like Target for a similar product of the same weight.

One way to maximize your savings is to use a rewards credit card to pay for your purchases. This makes it easy to earn cash back rewards.

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Five Below has something for every shopper

Another reason many shoppers like Five Below is that it sells so many goods. You can find many products at your local store and at FiveBelow.com. The retailer sells items in various categories, and there are essentials for kids and adults alike.

Some examples of goods sold here include games, toys, candy, stationery, electronics, sports equipment, home decor, clothes, books, beauty and personal care items, and more. There's truly something for everyone at Five Below. Just browsing the aisles is an experience in itself.

Make sure your Five Below purchase is a true bargain

One thing I've noticed about Five Below is that the retailer doesn't always offer the lowest prices. If you're looking for the best deal, compare pricing elsewhere. Pay close attention to product package size to ensure you're not paying more for less at Five Below.

I've noticed, for example, that some personal care and toiletry items are more expensive at Five Below than at Dollar Tree. Keep this in mind as you scan the aisles for deals.

I noticed that Dollar Tree sells a five-ounce package of Colgate Cavity Protection Toothpaste for $1.25. But at Five Below, you'll pay $3.00. You get a six-ounce tube, but it'll cost you more.

This isn't to say that all the deals at Five Below are a wash. I've seen board games and fitness equipment and gear available for half the price you'd pay at other retailers. One example is the card game, Tacocat Spelled Backwards. Amazon lists the retail price of this game as $14.99, but you buy it for $5 at Five Below.

Just ensure you're getting good value before you purchase something from Five Below.

Don't ignore rewards opportunities

Bargain shopping is a great money move, but don't miss out on the chance to earn rewards. Using a credit card that earns rewards is a great strategy. A flat-rate rewards credit card can be an excellent option for Five Below shoppers, since the store doesn't fit a bonus category for credit cards, like a gas station or restaurant would. Flat-rate credit cards pay the same across all purchases, such as a flat 2% cash back on everything.

Flat-rate rewards cards make it easy to earn cash back or rewards points in a simplified way. Ready to get rewarded when you shop? Explore our curated list of the top rewards credit cards to find your ideal card.

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