Subscribe

Subscribe

« Carnival of the Capitalists – Uncensored is Up | Main | Your Week Was Not as Bad As… »

Save Money, Buy the Same Product Cheaper

Seems absurdly simple, but do we do it?

I often will not buy generic or store brand products like toilet paper where the generic doesn't do the job.

But for other items where the generic is, by my estimation, the same quality I pounce.

This is mostly true for me with store brand medications. How do I know? The active ingredients and amounts are printed on the back of brand name and generic medications. Ibuprofen is ibuprofen wheter or not it has Advil stamped on it. Antacids are antacids, except for the new smooth ones that I've only seen under the Tums brand. I usually save 30-50% buy doing this, and medications are some of the most expensive items in my cart.

* A note here, I'm not a doctor. This is not medical advice. List to what your doctor tells you.

See the2006 contribution limit for 401ks.


http://www.ScottOnMoney.com/mt/mt-tb.cgi/37

Save Money, Buy the Same Product Cheaper:

» Carnival Thanks Scott On Money
Thanks to Crossroads Dispatches for hosting this weeks Carnival of the Capitalists. It would hurt to read my article about being glad I haven’t lost five billion dollars (in a week anyway). Thanks to My Money Forest for hosting the... []

I completely agree with your theory about buying generic, whenever it's the same as name brand (or virtually the same).

One note about medicine: There are actually cases of generic drugs not having been "compounded" the same as name brands. They contain the same things, just compressed to a different degree (less or more). Thus, they can react in the body in a different manner.

Note that this is definitely the exception, not the rule. You won't find many name brand anythings in our house. Just a quick FYI.

I'm always willing to at least give the store brands a try. Sometimes, I'm surprised how good they are! I tried store brand (Stop & Shop) tuna this week and it was just as good as the really expensive stuff. Same with their medical products. I don't generally like paper products, though, in the cheapo versions. In those cases, you often get what you pay for!