This year is all about saving money every day while trying to increase your income potential. If you did one thing each day that could save as little as $5 over the course of a year, you could have an extra $1800 in your pocket at the end of the year. Not all of these tips may apply to you, so to keep it fair, not all of them will apply to me.
On the back of my equaline (Albertson’s brand) feminine hygiene products are little pink birds. They look like the same birds that were on the back of my Always name brand feminine hygiene products. That would be because they are. Companies like Always repackage their product for stores like Target, Albertson’s and many more. In some cases, the package will even say “Compare to (Insert Major Label Name Here).”
This process is called Private Label. It even extends to LCD TV’s. Many high end manufacturers have a low-end brand name. The differences are primarily cosmetic.
So why should you ever buy name brand? Sometimes, the manufacturer product will have a coupon. If you can double it, or add it to a store coupon, the name brand product might be cheaper than the store brand. Store brands rarely have coupons; if they do, they’re in the weekly circular.
In short, if you pay attention to the product instead of the label, you can save hundreds of dollars (like we will be next month when we buy a TV). Regardless, $20 is an easy mark here. If you walk into an Albertson’s or Safeway these days, they’ll be happy to show you a side by side grocery cart comparison of how much private labeling will save you on their most popular products. Don’t be a label whore. Check it out.
365 Days of Saving Money: $635 Annually (Running Total)
