Money Monday: Save Thousands By Buying Generic

Research suggests the average consumer can save anywhere from $200-$1,500 per year by purchasing generic products. While you may not want to subject your family to store brand cheddar or no-name beer, there are plenty generic products out there that are just as good as the real thing.

Over-the-Counter Meds


Just like prescription drugs, you can save some serious coin on over-the-counter meds, too. While you may be tempted to reach for the trusty Tylenol, Nyquil or Zantac, there are usually much cheaper versions of these popular over-the-counter meds on your pharmacy's shelves. The generic versions of these OTC meds contain the same active ingredients, and like their brand-name equivalents, these products must be approved by the FDA.

Fresh Fruits and Veggies


You may have the Chiquita banana song stuck in your head, but don't let that catchy melody entice you to overpay in the produce section. Fruits and vegetables from lesser-known growers are just as good - sometimes even better, especially if the produce was grown locally.

When you hand-pick your fruits and vegetables, don't just go for the label you recognize.
                                                                     More>>