Generic Groceries Save Money on a Tight Budget - Stashing Coins (2024)

Switching to generic groceries, is a great way to save money on a tight budget. With the average grocery bill rising everyday, most of us are looking for ways to save more money on the already tight budget.

Money-saving websites are in favor of buying generic over brand names, citing the main difference between them as just better marketing.

In some cases, generic groceries and brand name are made by the same manufacturer but with different packaging.

Generic Items to Include in your weekly budget

A number of generic groceries are just as good as their brand name counterparts saving you money in the long run. The jury is still out there on whether it is worth buying certain items like baby formula and alkaline batteries.

Here’s a handy list of the generic items to include on your master grocery list.

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Milk & other diary goods

Labels don’t matter on milk. What matters is how local it is. Read the labels on the bottles and cartons of milk in your regular supermarket. It will state where the milk comes from.

In most cases, your store’s generic brand comes from the same dairy as the pricier brands sitting right next to it.You can experiment with other generic dairy products as well including sour cream, butter, and cream cheese.

Whether you need shredded cheese for taco night and you or you need slices of cheese for making sandwiches for school lunches, the store brand is always the clear winner.

Unless you’re making a fancy cheese board of epicurean delights, you’ll find your basic cheese needs can be met by using your supermarket’s generic brand.

However, it is not advisable to buy generic yogurts as they tend to contain more sugar and additives than the brand names.

Beef

Unless you’re shopping specifically for organic or hormone-free options, you’re better off buying your store brand’s meats over the name brands.

In fact, if you really want to save, this is where your wholesale club membership really pays off.

Get more for your money and great quality too when you buy chicken, pork, beef, and seafood this way.

Cleaning Supplies

We’re not going there with laundry detergent as it seems everyone has a favorite, but when it comes to things like bleach to scrub the gunk off your toilet or a counter cleaner, generics do the job just the same.

Spend $4 on a container of Clorox wipes, or you can buy the generic from Walmart or Target for $2. When you are on a shoe string budget, every dollar counts.

Save money on your favorite breakfast foods too. Store brands offer complete replicas of your kids’ favorite cereals, usually to the tune of around $1 per box or bag.

The same is true for oatmeal. By buying Quaker, you’re paying about a dollar more per box of oatmeal than if you chose the one made by Kroger, Walmart, or Target.

Snack Foods

A tube of Pringles costs as much as $2.50 in some locations. Your supermarket has you covered with the same pop-able flavors for just $1.

Walmart’s are indistinguishable from the name brand.But even if you’re not a Pringles fan, you can find bags of chips in all flavors, pretzels, and cookies offered under the generic store brand at a fraction of the cost as the name brand.Not a fan of those junky snacks? The same applies for nuts, olives, and seeds.

Paper goods

Have you seen the prices on name brand toilet paper lately? They’re astronomical!

Some thrifty living advocates are resorting to using reusable toilet paper, while we commend them on their efforts, we’re thoroughly grossed out.

That’s not to say that you should chafe for the sake of saving some money though. Warehouse clubs are always the best place for toilet paper (paper towels and napkins too).

For Charmin-quality at cheap prices, go for the generic brand. BJ’s generic brand of toilet paper is soft like Charmin yet costs about $10 less for 32 rolls.

Pantry Staples

In your pantry, you likely have flour, sugar, and cornstarch.

Pour some of each into little bowls, then put the generics of the same next to them though, you’d never be able to tell the difference.

Premium products should taste premium, but the reality is with pantry staples, there’s nothing to see here.

Your kitchen wouldn’t be harmonious without these two necessities.

Whether wrapping up leftovers or using foil to line your baking sheets, the name brand really doesn’t matter.

The generic brand for either one in Walmart works as well as Reynolds does, yet it costs about $2 less. Save money on the already tight budget, go for the generic. Name brands really make zero difference when it comes to these kitchen aids.

Canned goods

On the slightly less healthy spectrum, you’ll find canned fruits, vegetables, and beans.

These pantry staples are great in a pinch. But again, like frozen, there’s little sense in paying more for a prettier label.

Concerned about GMOs? Walmart offers a fantastic selection of store-brand beans that are non-GMO. The same goes for lower sodium options. Canned goods are often cheap enough, but that extra 10-20 cents more you pay for the name brands add up.

Next time you’re at your local supermarket, be it Walmart, Kroger, or somewhere else, check out the aisle of seasonings and spices.

Grab a brand name like McCormick for parsley. Then grab a generic store brand of parsley.They’re both parsley. Yet, the store brand costs less.

When it comes to special blends that the generic brands don’t offer, enjoy the splurge, otherwise save your money on your spice rack staples.

Frozen fruits and vegetables are smart to stock in your kitchen.

They’re frozen at the peak of freshness so if you’ve had a busy week and can’t grab fresh produce to serve with dinner or want to make a nutritious smoothie, the frozen versions will do nicely.

Big brands like Bird’s Eye and Green Giant cost much more than your local store’s generic brand but the difference in taste is negligible.

Baby Formula

Another expense for parents of little ones is formula. The American Academy of Pediatrics (AAP) has said you should exclusively breastfeed or formula-feed your baby for the first 6 months of their life.

When using formula, the cost really adds up. But like OTC medications, the FDA also holds generics to the same high quality and safety standards as the big brand names.

Cut costs on feeding your baby while having complete peace of mind. Walmart, CVS, Sam’s Club, Kroger, and Walgreens are some of the best generic store brand options.

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Diapers

The cost of disposable diapers, adds up really quick. A box of name-brand disposable diapers can cost upwards of $25. Many moms find out later though that even big brands can’t stop leaks and messes.

There comes a time when you need to trim your family budget, generic diapers not only help you cut costs, some work way better than brand names.

Warehouse clubs like Sam’s, BJ’s, and Costco often have the best deals on their generic store brands, though Walmart, Target, CVS, and Walgreens are incredibly reliable too.

Over-the-counter medication

You’ve likely run to the supermarket in the middle of a miserable cold because you ran out of OTC medicine.

While there, your jaw probably hit the floor when you saw the price of the name brand cold medicine compared with the store’s own generic brand.

The proof is in the labels though. Take a look and you’ll see that they both have the same active ingredients. You’re only paying for the brand name here because the FDA requires that generic and brand-name medicines must meet its safety standards.

Walmart, Target, and every supermarket chain across the country all make their own brands. Choose those store brands and save a bundle!

Bottled Water

Brand name bottled water like Evian and Fiji can cost a pretty penny. Stay hydrated, invest in a quality filter for your home.

If you must have bottled water, your best bet is generic water, purchase it at the wholesale clubs.

Get the store brand to save that money, a case of water for $1 to $3 less than the big brands. See how that adds up?!?

Despite the rising cost of living, buying generic groceries where possible is a cheaper and smarter way to save money on a tight financial budget.

Generic Groceries Save Money on a Tight Budget - Stashing Coins (2024)

FAQs

Do you think you could save money by purchasing generic or store brands? ›

The truth is, one of the easiest ways to drastically cut your food budget is by switching to generic. In our three-meal example, you could drop over $500 a year from your food budget. And that's only dinner! Think about how much you could save if you bought generic for all your grocery needs.

What grocery store saves you the most money? ›

Aldi. If you want to save money on your groceries, there's perhaps no better store to shop at than Aldi. You'll find Aldi locations across the country and overseas, all of which guarantee competitive prices compared to the other grocery stores in your area.

How to live off $150 a month for food? ›

Affordable and nutritious meal ideas for a $150 monthly budget include dishes like vegetable stir-fry with rice, bean and vegetable soups, pasta with homemade tomato sauce, and oatmeal with fruit for breakfast. These meals are cost-effective and can be made in large batches to provide multiple servings.

What is better brand or generic? ›

A generic drug must be “bioequivalent” to the brand-name product, meaning they have to be chemically similar. A recent study that compared generics to brand-name drugs found on average only a 3.5% difference in absorption into the body.

Why is brand better than generic? ›

Generic medicines may be different from the brand-name version in: shape, size and colour. packaging. 'inactive ingredients' that do not contribute to the treatment effect of the medicine.

What is the cheapest store to buy groceries? ›

According to MarketForce Information's 2024 U.S. Grocery Panel Study, these are the 10 grocery stores that offer the most value for your money, according to shoppers.
  • WinCo Foods. ...
  • Giant Eagle. ...
  • Market Basket. ...
  • Wegman's. ...
  • ALDI. ...
  • BJs. ...
  • Costco. ...
  • Sam's Club.

Is Aldi's cheaper than Walmart? ›

Regardless, the prices don't lie. Aldi is considerably cheaper than Walmart in almost every instance (or they were about the same).

What is the number one grocery item? ›

After holding the coveted top-selling grocery item spot for nearly 11 years, bananas recently reached a new and monumental milestone—more than 1 billion delivered via Instacart. To put that in perspective, that's enough bananas to cover the distance from New York City to Los Angeles (2,790 miles) more than 47 times.

What is the 50/30/20 rule? ›

Do not subtract other amounts that may be withheld or automatically deducted, like health insurance or retirement contributions. Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

How to save $1,000 in less than a month? ›

11 Easy Ways to Save $1,000 in 30 Days
  1. Create a Budget. ...
  2. Automate Your Savings. ...
  3. Create a Savings Bingo Sheet. ...
  4. Negotiate Your Bills. ...
  5. Separate Wants From Needs. ...
  6. Plan Your Meals. ...
  7. Buy Generic Brands. ...
  8. Cancel Unnecessary Subscriptions.
Sep 26, 2023

How to live on very little money? ›

Here are a few other tips and tricks for surviving on a low income:
  1. Look for free and low-cost activities. ...
  2. Ask for a raise. ...
  3. Start a side hustle. ...
  4. Replace costly habits with inexpensive ones. ...
  5. Plan sequenced reward opportunities. ...
  6. Create accountability. ...
  7. Seek out low-cost alternatives to your hobbies.
Sep 14, 2022

How to slash your grocery bill? ›

Here are five easy tips to help you save while shopping or eating out.
  1. Check Weekly Store Ads. Scour the weekly store ads for the best grocery deals. ...
  2. Stockpile. Buy it before you need it. ...
  3. Plan Your Meals. ...
  4. Prepare Freezer Meals. ...
  5. Look for Free Promotions When Eating Out.

How much should a single person spend on groceries a week? ›

The average household in California spends approximately $297 a week on grocery shopping, according to the data released in November. That is almost $30 more than the reported national average. Here's how much California spends based on household size: One person - $176.81.

What is the average food bill per month? ›

USDA-suggested moderate cost grocery budget
Age-gender groupsWeekly grocery costMonthly grocery cost
14-18 years$70.00$303.50
19-50 years$73.30$317.70
51-70 years$72.50$314.20
71+ years$72.00$312.10
17 more rows
Apr 23, 2024

How much can you save by buying generic brands? ›

Shopping for Value

Let's start with price: 1. Name brands' private-label equivalents cost 40% less on average, according to CNET studies of Wegman's, Stop & Shop and Trader Joe's published in June — sometimes more, sometimes less.

What are the benefits of purchasing a generic product? ›

1. Cost Savings: generic products are usually budget-friendly, so you can save money without compromising on essential features. 2. Comparable Quality: many generic products offer comparable quality to their brand name counterparts; they often use the same or similar ingredients and materials.

Which is cheaper brand or generic? ›

Generic medications typically cost about 80% to 85% less than the same brand-name drug.

Why you should buy generic drugs? ›

Research costs

Brand-name drugs have to go through expensive animal and clinical studies to prove their safety and efficacy. Generic drugs use the same active ingredients that the branded drugs carried out testing for, so they do not have to conduct the same testing.

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