Hey, when you're grocery shopping, do you automatically reach for the
same familiar brand names every time?
Could you be paying significantly more for packaging and marketing when the
store brand is just as good today?
Let's talk about a simple experiment to find out.
Hey there, and welcome back to Your Daily Ask Ralph.
I'm Ralph glad you could join me.
Today we're continuing our practical series, the Joy
of Living Below Your Means.
We continue working to break that cycle of financial shame with confidence.
Now, yesterday we explored borrowing and bartering.
Those are two words to get stuck together Sometimes today we're back in the
store, but we're looking at consumables.
Let's think about your regular shopping habits for things like groceries and
toiletries, maybe cleaning supplies, or those over the counter medicines.
Do you tend to buy the exact same brands every time and maybe you grew up with
them or you trust the advertising, or maybe you just assume the name
brand is higher quality than the generic or the store brand version.
You might hesitate to try the cheaper option.
Maybe you're worried it won't taste as good.
Maybe you're worried it won't work as well, or be reliable, so you
stick with what you know, potentially spending 15%, 25%, or even 40%
more than that item consistently.
That automatic untested loyalty to name brands driven by habit or
maybe by false assumptions, which leads to potentially significant
overspending on everyday items.
Well, that's the single challenge we're looking at today.
Here's the thing, name brands spend a ton of money on
advertising and fancy packaging.
Those costs get passed directly onto you.
The consumer store brands often have much lower marketing overhead.
Sometimes the products themselves are even made in the same factory,
believe it or not, or there can be quality differences occasionally.
Very often the store brand is remarkably similar, if not identical
in quality to its pricier counterpart.
And good stewardship involves seeking genuine value, not just
paying for a familiar label.
It requires us to challenge our assumptions and be wise consumers.
So you might be asking, Ralph, what can we do?
How do we break free from potentially wasteful brand loyalty and
unlock savings on everyday items?
How do we find out if the cheaper option is well, good enough?
Well, the single low risk solution is to conduct a simple experiment.
Try one generic or store brand item that you usually buy.
Name brand.
And instead of switching everything at once, just pick one familiar product in.
Make the swap on your next shopping trip.
Use it as you normally would, and then make an honest evaluation.
Did you notice a difference?
Is it different in taste?
Is it different in quality?
Is it different in effectiveness?
And then ask yourself, was the difference significant enough to justify that higher
price of the name brand, or would you be happy buying the cheaper version again?
And see this simple test gives you real information to make future
decisions, and it helps replace those assumptions with actual experience.
The solution is a low risk test swap one brand.
Okay.
Are you ready for your one action step today?
It's a plan for your next shopping trip, whenever that may be.
I want you to start by identifying just one target item.
Think about your regular purchases.
I want you to choose one specific item that you consistently
buy the name brand for.
Maybe that's your cereal.
Or maybe for you it's canned tomatoes, 'cause that's what
grandma always used to use.
Or it's that pain reliever that you reach for, or maybe paper towels.
You know, you gotta get the name brand paper towels or maybe that cleaning spray.
I want you to just choose one of them.
And then I want you to commit to the swap.
Make a decision today that your very next trip to the store, you're gonna
deliberately seek out and purchase the store brand or maybe the generic
version of that one specific item instead of that usual brand name choice.
And now it's time to conduct the test.
It's gonna be fun.
I'm telling you, take it home and use it normally throughout the
week, but pay attention and ask yourself, how does it compare?
And then finally, make your verdict.
So after trying it, decide honestly, is the store brand acceptable
or even maybe just as good?
And if yes, congratulations.
You found an easy way to save money every time you buy that item going forward.
And if not, it's no big deal.
You only risk a few dollars on one item, and now you know the brand name
is worth it to you in the future.
So now you're asking Ralph, why does Simple swap experiment?
Well, here's why.
Because it directly combats the potential difficulty of overspending
due to those untested assumptions and that false brand loyalty.
It empowers you with knowledge about product value versus marketing.
You don't get stuck on the marketing piece.
And finding even a few staples where the store brands work.
Well, let me just tell you, that can lead to significant, consistent
savings on your grocery bill or maybe your pharmacy bill and over time
with zero change in your lifestyle.
Well, how about we pray together, Father God, thank you for the
variety of choices we have.
Lord grant us wisdom and discernment as consumers.
Help my friend listening today to approach their shopping with an open mind.
Willing to challenge assumptions about brands and labels.
Lord, give them the courage to try something different, to seek good value
and practice wise stewardship, even in these small, routine, everyday purchases.
May we not be swayed by fancy marketing, but by genuine quality
and responsible use of the resources that you've so graciously given us.
Lord, thank you for your practical wisdom, and we ask this in Jesus' name.
Amen.
Alright, well pick your item and give the store brand a try
on your next shopping trip.
Be objective.
'cause here's the truth, you might discover some easy savings
you never knew were there.
And hey, in today's economy, every little bit helps.
Well now we've covered many aspects of spending and and saving on everyday items.
Well, tomorrow we're gonna shift focus to a topic that weighs heavily
on so many people, and that's debt.
So be sure to join me as we ask ready to face your debt.
Where do you even start?
It's a big one, but it's gonna be crucial.
And if this episode challenge your brand loyalty, do me a huge
favor and share it with others.
You can find resources and links in the show notes at our new website,
financially confident christian.com.
So until tomorrow, shop wisely and keep seeking him first and let's
keep working to become financially.
Confident Christians stay financially savvy, and God bless
you and you have a great day today.