Most of us are under the impression that spending more money always means superior quality over cheaper brands. While certain things are definitely worth the investment, there are many products that we use everyday that are offered in a more affordable alternative.
Any big box store you go into will offer the name brand product, with their generic version next to it. If you’ve ever compared ingredients on food or beauty products, you’ll notice that the generic version is very similar to the name brand items.
Within this article, I hope to clear up some common misconceptions that spending more is always better.
A lot of pharmacies have opted to offer a generic brand of popular medicines at a fraction of the cost of name brands. It only takes a quick Google search of both to see their chemical makeups are the virtually exact same.
People are under the impression that the name brand medicine is more effective than some of the generic types. Doctors will typically get a kickback for certain prescriptions that they write. That is why your doctor may recommend using the name brand.
I always make it a point to see if there is a generic version available, and if there is, I will ask for him to write the prescription for that instead.
Automobiles are so cutting edge nowadays that people fall for all of the new gadgets and technology that is offered. I can’t blame anyone for wanting a car that will talk to them. I mean, I had dreams as a child of a car that was as advanced as people predicted that they would be 20 years ago.
With cars that offer bluetooth and wifi capabilities and tell where you want to go by pulling up a map and offering you turn by turn directions, I think it’s safe to say, the future is here. However, with all of this great technology, come many downfalls.
When this cutting edge technology fails, you’re not going to be able to go to just any shop for a repair.
You’ll most likely have to find a dealership with mechanics that are specially trained in the computer parts of your vehicle.
These mechanics will have had to have special training, which is not cheap. The cost of this training, is wrapped into the labor rates that you will be paying for the repair.
On the other hand, if you have a vehicle without all of these great features, you can go to any mom and pop auto shop to get the maintenance and repairs that your vehicle needs, at a reasonable price.
The price difference between a tried and true basic vehicle compared to a car with cutting edge technology, is staggering.
You will most likely be financing a brand new vehicle, and when the technology fails, you’ll need to pay for repairs, on top of your monthly note.
A cheaper vehicle will no doubt also fail, but a repair won’t hurt nearly as bad with a cheaper monthly payment.
When it comes to cars, a good rule of thumb is to go Japanese, go used, and go for a car that averaged less than 12k miles a year.
Honda and Toyota are the shining stars when it comes to durability (Mitsubishi has poorer dealer support.)
Advertisements are meant to sway us into thinking brand name products are superior.
Cosmetic and makeup companies spend a lot of money into making us think that. Again, if you compare the ingredients on the back of the bottles with the generic brands, you will see that they are very similar, if not the same.
Sometimes, the only advertisement a brand needs is to have their product next to a well known name brand.
Makeup is another great example. The generic brands may not have the same consistency as the more popular ones but they will work and are made the same.
When you’re in the kitchen, you need a knife that will hold up to whatever food you’re cutting.
A dull knife is never OK when you’re cooking. I use a Victorinox Fibrox 8″ Chef’s Knife as my primary knife.
I rarely eat out, which means I’m using my knife literally every time I prepare myself a meal.
I sharpen it regularly, and don’t foresee this knife failing me any time soon. I’ve tried the expensive knives and really haven’t seen a noticeable difference in quality.
So, the next time you make a purchase and just automatically go for the name brand, think about what you’re buying.
It’s at least worth trying a generic name once, just to see how you like it.
You’ll be paying sometimes, less than half of what you would pay for a name brand, and may be surprised with the results.