Generic/Store-brand Savings Calculator

Store Brand Savings Calculator

Calculate how much you can save by choosing generic/store brand products instead of name brands

Shopping Habits

Shopping Trips Per Month

% of Items You'd Substitute

Product Comparison

Potential Savings

Per Shopping Trip

$0.00

Average savings each time you shop

Monthly Savings

$0.00

Potential savings every month

Annual Savings

$0.00

Potential savings every year

Savings Breakdown

Product Savings

Name Brand	Store Brand	Price Difference	Savings %

This calculator provides estimates based on your inputs. Actual savings may vary. Print Results

This calculator helps you quantify the savings from choosing generic or store-brand products over name brands—whether at the grocery store, pharmacy, or retail shops.

How It Works

1. Enter product comparisons (name-brand vs. generic)

2. Input your purchase frequency

3. See annual & lifetime savings (with optional investment growth)

---

Key Inputs

Field	Example Value
Name-brand item price	$5.99
Generic item price	$3.49
Quantity purchased per month	4
Years to calculate	5
Investment return (optional)	5%

---

Savings Formula

Monthly Savings:
(Name-brand price - Generic price) × Monthly quantity

Annual Savings:
Monthly savings × 12

Lifetime Savings (with investment growth):
Annual savings × [(1 + r)^t - 1]/r
(Where r = annual return, t = years)

---

Example Calculation

Scenario:

• Tylenol (100ct): $8.99 vs. Store-brand acetaminophen: $4.99

• Buy 1 bottle/month

• 5-year timeframe

• Investing savings at 5% return

Results:

Metric	Amount
Monthly savings	$4.00
Annual savings	$48.00
5-year savings (invested)	$272.43

---

Common Areas for Savings

1. Groceries (cereal, spices, canned goods)

2. Medications (pain relievers, allergy meds)

3. Household items (cleaning supplies, ziplock bags)

4. Baby products (diapers, formula)

Pro Tip: The FDA requires generic drugs to have identical active ingredients as name brands.

---

Advanced Features

• Brand premium % (Calculate how much more you're paying for branding)

• Price-per-unit comparison (Sometimes generics aren't cheaper per ounce)

• Store-specific comparisons (Costco Kirkland vs. Walmart Great Value)

Sample Output:
*"Choosing store-brand ibuprofen saves the average family $86/year - enough to cover a monthly utility bill."*

---

Why This Matters

• A family of 4 can save $1,200-$2,500/year on groceries alone

• These savings could grow to $25,000+ if invested over 20 years

• Identical quality in 90% of cases (Consumer Reports studies show most consumers can't taste/notice differences in blind tests)