Generic vs Brand Name Savings Calculator
Calculate how much you can save annually by switching from brand-name to generic products across groceries, medicine, and cleaning supplies.
Annual Savings
$2,706.00
5-Year Savings
$13,530.00
Inputs
Comparison
Annual Brand-Name Total
$8,640.00
Annual Generic Total
$5,934.00
Monthly Savings
$225.50
Cost vs. Benefit Analysis
Savings Breakdown
How to Use This Calculator
- Enter your Weekly Brand-Name Grocery spending and the Generic Grocery Savings percentage.
- Enter monthly spending on Brand OTC Medicine and Generic Medicine Savings percentage.
- Enter monthly Brand Cleaning Products spending and the Generic Cleaning Savings percentage.
- Review Annual Brand Total vs Annual Generic Total to see the full switching impact.
- Check Annual Savings and 5-Year Savings to motivate a lasting switch to store-brand products.
How the result changes with Weekly Brand Grocery Cost
| Weekly Brand Grocery Cost | Annual Savings | 5-Year Savings |
|---|---|---|
| $200.00 | $3,486.00 | $17,430.00 |
| $700.00 | $11,286.00 | $56,430.00 |
| $1,300.00 | $20,646.00 | $103,230.00 |
| $1,800.00 | $28,446.00 | $142,230.00 |
What each input means
- Weekly Brand Grocery Cost
- Weekly spending on brand-name grocery items.
- Generic Grocery Savings %
- Typical savings when switching to store-brand groceries (usually 25-35%).
- Monthly Brand OTC Medicine
- Monthly spending on brand-name over-the-counter medicines.
- Generic Medicine Savings %
- Savings when switching to generic medications (often 40-60%).
- Monthly Brand Cleaning Products
- Monthly spending on brand-name cleaning and household products.
- Generic Cleaning Savings %
- Savings when switching to generic cleaning products (usually 30-40%).
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersWeekly Brand Grocery Cost = 150, Generic Grocery Savings % = 30, Monthly Brand OTC Medicine = 40, Generic Medicine Savings % = 50 = 6 input(s) provided
- Calculate Annual SavingsAnnual Savings2706 = $2,706
- Calculate 5-Year Savings5-Year Savings13530 = $13,530
- Calculate Annual Brand-Name TotalAnnual Brand-Name Total8640 = $8,640
- Calculate Annual Generic TotalAnnual Generic Total5934 = $5,934
Engine last updated .
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