CLEVELAND, OHIO (WOIO) - In these tough economic times, everyone is looking to save a buck here and there.
One way to do that is to buy generic over brand names. Not everything is worth buying generic over name brand, but here are some items that you should always buy generic.
Experts say you can save anywhere from 10 to 50 percent by buying generic, starting with over the counter medicine.
The food and drug administration requires generic medicine to have the same active ingredients as the brand names, so you can save money with generic purchases.
No one wants to cheap out on their health, but according to pharmacists, there is no harm done in saving- about 60 percent with the generic brand.
Water is another product you should buy generic.
"I don't think you should have to pay that much for water," one consumer said.
Why pay for the brand when Aquafina admits its brand is made with tap water. The savings with generic is about 57 percent.
"I'm getting used to generic because of the economy," said one consumer.
When it comes to baby formula there is no need to go with the name brand. No one wants to skimp on their child, so most parents will go with brand name baby formula, but the infant formula act requires specific procedures for making all infant formulas. So, paying $13 more for a brand doesn't mean better quality.
Pantry staples like sugar, flour and salt are also held to government standards for production and storage, which is why walletpop.com argues that you can't tell the difference in taste. So, buy generic.
Finally, the biggest rip off is expensive cables for high definition TVs.
Electronic store salesmen always get shoppers who just spent $1,000 on a flat screen to spend another $100 or so for expensive cables. Technology experts say the $12 dollar cable makes the same connection and works just as well, proving that cheap is sometimes the better buy.
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