7 Times You are Right to Buy the Cheapest Product Available

Nobody wants to be called a cheapskate but there are times when the cheapest product can do the trick perfectly. A high price tag does not always mean better value or function. Below are seven times you are right to get the cheapest option available and one that will meet your needs, too!

  1. OTC drugs

For common aches and pains, do not buy the OTC drugs advertised on TV or magazines. Well-known brands are more expensive exactly because advertising cost is built into their price. Buy generic!

  1. Prescription drugs

Simply put, generic drugs have the same active ingredient and strength as their branded counterparts, only 85% cheaper! Unless your doctor gives you a compelling reason to pay extra for a brand name, you are right to buy the cheapest brand for your prescription.

  1. Furniture

Why is furniture so expensive these days? Not to worry, you can still score decent-quality furniture without paying retail prices – just shop at thrift stores, consignment shops, and estate sales. Buying used furniture is also smart.

  1. Greeting cards

Greeting cards are ridiculously overpriced. Just make your own or pick one up from the dollar store.

  1. Tools for one-time projects

Think very long and hard before buying expensive drills, saws, and other tools that you will rarely use. There is no point in investing in costly tools if they will only gather dust under your basement. Consider renting or checking out tools from your local library that you can use for free.

  1. Overnight hotel stay

If you are on a road trip and are only staying overnight to get some sleep, stay at a no-frills hotel. As long as you have a clean and secure room with a comfortable bed, you will be fine. No need for a living room, restaurant, or gym!

  1. Musical instruments for beginners

Beginners do not need an expensive instrument to start out. It will only be worthwhile once true commitment and passion are established. Until then, a cheap, entry-level instrument is enough to explore potential.

Ian Schindler