Tuesday, October 19, 2010

8 Overpriced Products to Avoid


There are a zillion ways to save money at almost every turn.  We have come to see “conveniences” as necessities, when they’re actually very expensive. I got this list from Dr. Laura's website. I found it interesting and thought I should share.

1.  Text Messages 
According to a story in the Chicago Tribune, outgoing 160-character text messages on a cell phone typically cost users 20 cents, while they only cost the carrier three-tenths of a cent to process.  That’s a 6000% profit!  600 text messages contain less data than one minute of a phone call.  If text data rates are applied, a brief cell phone conversation would cost $120!  So CALL….don’t text.

2. Bottled Water
Water that is pre-packaged is more expensive than a gallon of gas.  Since about 40% of bottled water comes from municipal taps, you’re better off refilling that plastic bottle at home and toting it around.

3.  Movie Theatre Popcorn
When you pay $6 for a medium-sized bag of popcorn in theatres, you’re paying a markup of $1,275%, compared to the cost of buying three 3.5 oz bags of microwaveable popcorn sold in a box for about $3. 

4.  Brand name drugs
Over-the-counter medications were at the top of a recent WalletPop.com list of products to always buy generic.  In the past year, the cost of brand name prescriptions has increased nearly 10% while generics have dropped.  The recommendation was to check out Costco for lower generic medication prices.

5.  Hotel mini-bars (for food!)
$10 for a bottle of water?  $12 for a tube of toothpaste? A 1300% markup on Gummy Bears?  Keep that fridge door closed!!

6.  Greeting cards
The greeting cards anyone ever keeps are those made by hand.  Enough said.

7. Hotel In-Room Movies
You pay 200% more for “convenience.”  How about bringing your computer and DVDs, or bring your Netflix movie from home?   If the hotel has wi-fi, use Netflix streaming.

8.  Pre-cut vegetables
Sometimes, you pay as much as 40% more if the grocery pre-cuts them.  Go to your local farmer’s market and get fresher products at greater deals. Or perhaps actually chop and peel (gasp!) your carrots, instead of buying the mini-carrots.

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