Have you ever thought the easiest path to saving money was to simply watch what you buy and ultimately choose to spend a little wiser then you had been?
Often times, we’re lured into spending more than we need to because of slick marketing, fast talking ads or commercials we simply can’t ignore, when in actuality a brand name doesn’t always translate as being better.
We just are led to believe it.
Now, in some cases the brand name is better, and quality and spending more initially is going to save you in the long run. If you’re someone, for example, who works outdoors, in the elements, spending $200 on boots that are going to last for years makes more sense than dropping $30 on cheaper shoes, only to have to replace them four times in one calendar year.
But sometimes, less expensive is the better route and can lead to saving more money in the process. Take for example the idea of purchasing anything from a book to medicine, cars to clothes and consider just how much you can save when something is considered gently used or “generic,” in some sense.
The word “generic” specifically gets a bad rap because of people believing it is a lesser product. But how many times have you saved a good bit of cash with a generic product, such as when your doctor says you can have the name brand or generic? Why would it matter if the ingredients are the same?
You could say the same about used items as well, and the ability to save money on them. For years, those who have saved money will argue that used tennis shoes, jeans and shirts bought either online or at consignment shops save them hundreds if not thousands versus buying new. These types of stores exist for the sole purpose of offering name brand clothing at a reasonable price.
Books are tailor made for that, too, as the retailers who specialize in selling books in stores are migrating to online sales but still are struggling. That’s because used books and even the electronic version of them are less expensive and thus more appealing as a result.
The grocery store also is a place where less expensive still is going to translate into the same type of product, whether you’re talking about aluminum foil, ketchup or garbage bags. As much as we want to believe that the name brand is king, it’s really not in most cases and circumstances, and those who aren’t afraid to buck the trend of name brand buying save thousands per year on their grocery bills.
Don’t let the words “generic” or “used” throw you off. They’ll most of the time be the same products or services you want, minus the overhead that is going to put your saving money quest on hold, if not out and out deter it completely.
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