Every Sunday morning, without fail, I wake up, make my grocery list for the week and then head out to do my food shopping. However, this week I tried something a little different – this time I brought my notebook and jotted down the price difference between the generic and name brand items that I bought.
I was really surprised by how many items had a difference of $1 or more – and was even more shocked by the amount of money I saved by buying generic items as opposed to their name brand counterparts.
Below is a list of the items I bought, along with the corresponding price for the name brand and generic product, as well as the corresponding price difference:
||Name Brand Price
|Cinnamon Rolls||$ 2.39||$ 1.39||$ 1.00|
|OJ – 1 Gallon||$ 4.59||$ 3.19||$ 1.40|
|Cheese Slices||$ 3.49||$ 2.79||$ 0.70|
|Spaghetti||$ 1.15||$ 0.75||$ 0.40|
|Mac & Cheese||$ 0.95||$ 0.75||$ 0.20|
|Canned Green Beans||$ 0.99||$ 0.79||$ 0.20|
|Oatmeal||$ 3.59||$ 3.19||$ 0.40|
|Granola Bars||$ 3.19||$ 2.19||$ 1.00|
|Cereal||$ 3.19||$ 2.59||$ 0.60|
|Salsa||$ 2.69||$ 1.79||$ 0.90|
|Hot Dog Rolls||$ 2.39||$ 1.49||$ 0.90|
|Tea Bags||$ 2.89||$ 1.29||$ 1.60|
|Soft Drink – 12 Pack||$ 4.49||$ 2.79||$ 1.70|
|Trash Bags||$ 9.79||$ 5.99||$ 3.80|
|Dish Soap||$ 2.99||$ 2.29||$ 0.70|
|Sponges||$ 1.29||$ 0.99||$ 0.30|
||$ 50.06||$ 34.26||$ 15.80|
By buying generic, I saved over 30% on these items. And the best part is, I won’t even taste a difference.
Granted, you’re not going to buy the generic form of every item you get from the supermarket, and I’m not entirely suggesting that you should.Â But, if it helps you save 30% per item, you should probably think about tossing name brand loyalty out the window.
If you were able to save just $25.00 per week by purchasing generic food items (which is probably on the low side, especially if you’re buying for a family), you would save $1,300 per year on your groceries. That’s a lot of money!
Considering most generic groceries are made from the same ingredients as their name brand counterparts (often they are made in the same locations/factories), it makes a lot of sense to make the switch.