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A brand name drug is created when it was first discovered, developed and produced to cure or relieve a symptom by a pharmaceutical company. Because of this differences it is important that you consult your doctors before deciding if a generic is right for you. New Miracle Chronic Pain Reliever For Men And WomenAll Natural, Safe, Effective, Non Addictive With No Side Effects! This calculator can demonstrate how much, over time, buying generic store brand products can save you. Press CALCULATE, and youa€™ll see your savings per purchase, per month, and per year, as well as between now and your retirement and now and the end of your life expectancy. If you wonder what buying generic is all about, keep this in mind the next time you go to the grocery store or your favorite retail chain. One of the main reasons name brand products are much more expensive is because you are also paying for the marketing, advertising, and development that goes into making a product known. At one time, the only product people ever bought in the generic form was prescription drugs. In recent years, however, mainly due to the recession that hit Americans hard in 2008, consumers began buying cheaper, generic versions out of necessity. There are certain generic products in particular that, when you buy them over name brand, save you a lot of money.
While experts recommend buying the above products in their generic forms, there are a few products that are questionable. If the high cost of name brand products is a concern for you and your family, buying generic has proven you can save big. If you still have your doubts or are leery that buying generic isn't always better, go to your nearest grocery store or favorite retail chain store.


A patent is granted that gives the company an exclusive right to sell the drug as long as the patent is in effect. According to the FDA ( Food And Drug Administration ), to substitute a generic for a brand name drug they must contain the same active ingredients, must have exactly the same dosage strength and form, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug. Then it is open to any company to create a generic version of the drug including the same company that makes the brand name. Also you want to make sure you get the same version every time so talk to your pharmacist as well.
To take it even further, this calculator will show you how much you can earn in interest if you decide to invest all or part of your savings. Youa€™ll also see how valuable your investment will be when you reach retirement, and youa€™ll be furnished with an amount per week that you can withdraw from your invested savings per month, as well as the total value of the investment between now and the end of your life. Even though grocery items and other household goods came in generic forms, consumers weren't ready to embrace the thought of not buying their favorite name brand products.
According to a survey done in 2010, 93 percent of grocery shoppers admitted to having changed their shopping habits. For example, some experts state that generic batteries not made with alkaline won't last as long. Some people who buy mostly generic products state they have saved as much as 40% on their total bill. Pick up a name brand product then the store-brand version or generic next to it and compare the ingredients.
In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts.
When multiple companies begin producing and selling a drug, the competition among them can also drive the price down even further. First input your current age, the age you wish to retire at, and the age you expect to live until.


But those generic batteries that do contain alkaline have been proven to work just as well.
Because of all the research, studies, test conducted to ensure the new drugs safety plus all the marketing expenses make brand name drugs more expensive. Since these drugs didn’t go through all the development costs, are sold at a much lower price. Then enter the price you are currently paying for a premium product or service, followed by the price of a more affordable equivalent. If you look a bit to the right or left on the same shelf, chances are you see the same kind of cereal but with a generic brand. Even though the generic brand is much less expensive than the name brand, the quality is still the same.
They felt if they bought generic or cheaper versions of a product, either the quality would suffer or people might think they were poor. Other products where there are differing opinions about generic or name brand include infant care products, such as formula and diapers, and household paint. This principle not only applies to food but beauty products and many other household items such as laundry detergent and cleaning supplies. Finally, enter the amount of times you purchase this item or service, as well as the interest rate you expect to obtain if your savings are invested. By making the switch to generic products, you will be doing yourself and your bank account a huge favor.



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