When I was a kid my dad bought in bulk all the time, and so much was wasted.
Bulk storage not only costs money if it spoils, and opportunity cost of both your $ and space in your house it also costs you time because you have to remember where you put things.
I love the internet- just pop an item in my amazon cart (or my grocery list) when it is running low. The only things I store in bulk are things that are difficult to buy -- eg I don't go to the farmer's market every weekend so I buy enough meat for a month there and keep it in the chest freezer. But even then I only store <10 meals worth.