The average metal casket costs $2,300 and is the single biggest expense of a funeral, according to the National Funeral Directors Association. Costco's caskets run from $950 to $3,000. Wal-Mart sells discount caskets, too, ranging from $995 to $3,200. Confirm shipping availability in your state.

"Caskets from places like Costco and Wal-Mart can be much cheaper than at a funeral home," says Joshua Slocum, executive director of the Funeral Consumers Alliance. Some funeral homes have dropped casket prices to compete, but fees for other services might be raised to make up the difference. Ask for an itemized price list.

You won't find six-packs here, but you will find an array of single craft bottles and cases of popular beer. And as is the case with many warehouse products, discounts come with bulk purchases, so make room in the fridge.

A 24-pack of Heineken at Costco can cost about 10% less than at a local grocery chain. A four-pack of Guinness can cost twice as much per can at a local grocery store when compared with a 24-pack at a warehouse club.

Buying diamonds from a warehouse club is risky. Stones generally aren't branded, and quality varies tremendously, so you're largely on your own to determine whether the cost is equal to the grade of the diamond. An appraisal from an independent gemologist is helpful, but getting an outside expert's opinion adds to the expense.

"The biggest problem consumers face when buying a diamond from a store like Costco is that the sales staff usually lacks the knowledge to be able to answer the questions you should be asking," says Antoinette Matlins, author of Diamonds: The Antoinette Matlins Buying Guide. At a place like Tiffany, the price more accurately reflects a diamond's quality. Tiffany can also be cheaper than mall stores, which mark up diamonds 50% to 100%, adds Matlins.

You won't find Rolex or Patek Philippe, but you can find a bargain on a mid-range designer watch. After all, despite bare-bones appearances, Costco attracts an affluent clientele. "They have tapped into a group of consumers who appreciate the value of buying luxury items at a warehouse club," says George Whalin, president and CEO of Retail Management Consultants.

Look for brands such as Movado and Raymond Weil, which even at Sam's Club can run into the thousands of dollars. Expect warehouse-store prices to undercut the traditional markup of 65% to 70% on luxury watches.

A giant Vizio 65-inch Class 3D 1080p 120Hz LED Edge Lit LCD HDTV from Sam's Club was $400 less than the model we found on Amazon.com. We also found a Sony Bravia 55-inch set at Costco that was $300 cheaper than Best Buy's cheapest Sony Bravia 55-inch model. If a big screen at a small price is your goal, then you're in luck.

Here's the caveat: Warehouse stores carry a limited selection of TVs. Most have specific model numbers that you can't find anywhere else, so precise cost comparisons can be a challenge. For example, the specifications of the two Sony Bravias we compared varied slightly. Go elsewhere (and pay more) only if you require a wide selection of sets and brands, or if you have your heart set on a specific model.

At Costco, Bridgestone Potenza RE92A tires -- the high-performance, run-flat tires that come with the Infiniti G37 coupe and FX45 crossover -- cost $60 less per tire compared to Sears. That's a savings of nearly 20%. Like Sears, Costco offers installation. We also found a Michelin HydroEdge at Sam's Club that beat Sears by $20 (for a set of four) and Wal-Mart by $36 per set.

Warehouse-store prices are generally better than what you'd spend at a local tire dealer. "It's a lower cost of business than the tire store down the street," says retail analyst Christopher Ramey, of Affluent Insights.

The warehouse stores we visited had no washers or dryers in stock, compared with Sears's dozens of choices on the floor. The warehouse stores' online selection wasn't much better. There was only one washer and four washer/dryer combos available on Costco's Web site. Sam's Club had two washers and one washer/dryer combo from which to choose.

Costco's price on a Whirlpool 3.5-cubic-foot, top-load washer beat Sears's price on a similar washer by $80, but that was the everyday price charged by Sears. Appliance retailers run big sales promotions over just about every holiday weekend, from Presidents' Day to the Fourth of July to Veterans Day. Time your purchase wisely and you can find bigger discounts -- and better selection -- away from the warehouse stores.