Tip #17 – Buy generic for the stuff you don’t care about
Buy generics for the stuff you don’t care about — while continuing to buy brand-name for the stuff you do care about. When it comes to generics vs. brand-name goods, one of the most under-considered factors is prioritization. If you want to save $1,000 this month, you have to prioritize because you can’t have the best of everything. The cost difference between generics and brand-name goods can be significant when you add it up, but the differences in quality have been steadily dropping for years. This can be a process of trial and error – buy the store-brand cereal and see if you like it. If you don’t, go back to the name brand. If you do, you just saved $2.00 a box – over a lifetime that can add up!