Seven Cheaper Versions Of Your Favorite Products

It seems that nobody can escape the clutches of websites like Amazon today, luring millions and millions of Americans shop at the comfort of their home computer.   As we are faced with a dizzying array of information about ratings, pricing, and performance, how are we to really know which products are better or worse?  Take a thumbs up from a friend on Facebook?  Do your due diligence through Consumer Reports?  Or, should you just hit the plethora of websites that will rate and rank everything.   Not only do we work hard on building financial plans and managing money, but we also look to see how can we can save our clients some additional money.  Here are seven ideas on getting a product that is priced higher at a similar product with a lower cost.

  1. Beats Earbuds
    The idea of dropping $78 on a pair of Beats headphones is completely reasonable for many shoppers.
    earbuds
    By significantly cheaper, I mean about  90% less than its pricey competition. The in-ear headphones described above are made by Panasonic and get a very high 4.5-star rating with over 28,000 reviews. By comparison, the $78 Beats version only received 3.5 stars with just over 1,500 reviews on Amazon.
  2. Top-Shelf Liquor at Costco
    While Costco would never admit to it, many spirit connoisseurs believe Kirkland Signature Vodka is produced by Grey Goose, Kirkland Scotch by Macallan, and their bourbon by Jim Beam. Whether they are or not, the Kirkland brands often beat the top-shelf liquors in blind taste tests — making them great buys, especially with a price tag at almost 40% less per bottle. (source: Pennyhoarder.com)
  3. Shampoos and Sprays
    Instead of MAC setting spray, buy E.L.F.’s cheaper version Read more: http://www.gurl.com/2014/05/01/splurge-vs-steal-makeup-beauty-dupes-nars-elf-mac-nyx/#ixzz40oFgGjYR
    settingSpray
  4. Generic Medications
    Have you ever looked at a box of generic cold medicine and compared it to the name-brand alternative? NyQuil, or Tylenol= Get Walgreens Brand or CVS Brand instead
  5. Cables
    We don’t often look at the cost of cabling when we buy it for home or small business office networks.
    MonsterCables
    monsterproducts.com / monoprice.com
  6. Beef Jerky
    There is such a huge market now for Beef Jerky that companies like Krave and Jack’s Links are killing the market right now.  Consider a store brand alternative without really giving up the taste.  Try the Nice package at Walgreens or Store brand at your grocer to save 20% to 30% on the purchase
  7. Expensive Brand-Name Makeup
    Many “drugstore” cosmetics are just as good as their high-end, name-brand counterparts — at a fraction of the price. Diorshow Mascara, another one of those cult beauty products, is basically magic in a bottle. I have used it before, and I absolutely love it. It makes my lashes look long, without getting too heavy or flaking on me. But I just cannot bring myself to buy it every month because of its $25 price tag. Good thing L’Oreal has a nearly identical dupe in its Voluminous Mascara. The wands are almost exactly alike, fuzzy and round, and have a very similar consistency that will lengthen and add volume to your lashes. All for just $8.  Also use Drugstores.

Written by:
Ted Jenkin

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Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express.  He is the co-CEO of oXYGen Financial.  You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

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Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.

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