Brand name products are meant to convey quality over their generic counterparts, but are they actually better? In many cases the answer is no. A 2014 study estimates that Americans spend about $44 billion on brand name products. That’s a lot of money that could be saved by just buying the generic version of the same products. Here are the best products to buy generic. And don’t forget, household and grocery shopping are great ways to use cash loans if you find yourself in a pinch. Cash loans can be obtained in as quick as one business day, allowing you to shop for the things you need as soon as possible.
Pantry Goods
Restaurants and professional chefs and bakers buy their pantry staples in bulk, and they definitely don’t overpay. Take a leaf from their well-worn cookbooks and buy generic flour, sugar, baking powder, and any other everyday staple you can think of. Your food will taste better and your wallet will be thicker.
Beauty and Personal Care Products
These types of products can get expensive fast. However, the generic brands for this industry have expanded rapidly with so many almost identical items offered at much cheaper prices. Check out labels and ingredients to make sure the generic product you’re looking at is similar or the same as it’s brand name version. Often a generic label will have the words “Compare to…” which indicates that the product is almost identical to it’s brand name counterpart.
Cereal
Cereal is probably one of the most well-known and ubiquitous generic products on the market. The generic brands of cereals are often way cheaper and in some cases even taste better.
Medications
Buying generic medications over the brand name version can save you a ton of money and actually yield you a greater amount of medicine. Generic versions of medications are required to have the same active ingredient, strength, dosage form, and route of administration as the brand name product. Generic medications are completely safe, required by the FDA to meet certain standards to be considered the same basic product as the brand name version.
Exclusively buying brand name products is a huge financial drain that provides no substantial increase in quality for many products. Buying generic versions of your everyday products can save you money for bigger purchases. However, even when buying generic, household and grocery shopping can become very expensive very quickly. Cash loans can give you the money you need to survive until your next paycheck. Apply for cash loans at Short Term Loans and receive your money as early as the next business day. Good luck and happy shopping!
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Courtesy of Money Talks News
