We live in a time when many people are trying to save money. It doesn't matter if you have been directly impacted by the economy or not, it is likely that you know somebody who was impacted and you see the reasonableness of saving money instead of frivolously spending it. One of the ways in which many people are saving money is by purchasing generic items instead of buying the more expensive, brand-name items. Is this always a good idea? Let's take a look at a few of the generic items that are commonly purchased and see if they are as good as the brand-name item.

One of the common items that are purchased as a generic is medication. When a brand-name drug becomes available, it is protected under patent laws in the United States and in other countries where it is being sold. When those patents expire, the generic companies are able to make a medication with the same active ingredients. In the United States, the FDA is responsible for testing the quality of all medication that is being sold. It doesn't matter if you are purchasing Advil as the brand-name drug or if you are purchasing ibuprofen as the generic drug, you are going to receive the same benefits. The fact that you are saving money on the generic drug has nothing to do with its quality. Brand-name medications cost more money because of the research that is necessary to come up with a new drug and any advertising that is done for the medication.

Clothing is another item which may either be brand-name or generic. Many people prefer to wear brand-name clothing, not only because it tends to be more comfortable but also because of the lower price. If you are not necessarily connected to any trend or particular fashion, you can generally purchase the clothing that you need from online wholesale fashion clothing distributors. When they offer those items to the general public at wholesale prices, you can get a quality product at an affordable price. Many of those wholesale distributors are also dropshippers, which means that you are going to save additional money by cutting out the middleman during the shipping process.

Generic food is also able to save you money but you should be a little bit cautious when purchasing generic versus purchasing brand-name. Although some are going to taste essentially the same, there are going to be differences in the taste in many cases. If you have become accustomed to the flavor of Kraft macaroni and cheese, it is unlikely that you are going to be as happy with the generic macaroni and cheese that is on the shelf.

Finally, you do have the ability to purchase toiletries at a lower price when they are generic. This is also something that is going to be a personal preference, especially when it comes to items such as toilet paper and hand soap. It is not likely that you are going to save much money on the generic version of those toiletries but the quality is going to be noticeably different.

Author's Bio: 

Brett is an author with great experience in starting online businesses. Having been in the industry for quite awhile he has analyzed industry trends and recommends purchasing from wholesale fashion clothing distributors and buying from dropshippers to sell products online or on ebay. In his free time he enjoys writing on his blog and spending time with his family.