Web Exclusive: How to Cut One Household Expenses by 70%

Friday, August 03, 2012 5:00AM

Lynnette Khalfani-Cox, Founder of AskTheMoneyCoach.com, joined Anderson's "Easy Money Hour" in order to help viewers understand how they can cut costs in their household without making any major life changes.

With this vital tip that you didn't see on the show, Lynette says you can save up to $840 per year: buy generic prescription medications. Rather than buying brand-name drugs, simply opt for the generic version.

Hear more from Lynette about this great money-saving tip in the video below.

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Comments

Mrs. Cheap
290 days ago

Exclusive? Farce. If you are going to write an article about a fabulous, secret money saving tip, at least come up with something new. The pharmacy will generally fill with generic unless the doc puts "no generic" on your script. It does save money but the topic has been beaten to death.

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Charlie
438 days ago

Generic & brand name use for Thyroid treatment may not be the same. Generic messed me up so bad. Doing much better since I switch back to brand name. Yes, it does cost more depends on the insurance.

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Janet
444 days ago

"The Money Coach" mentioned a website for selling electronics and she said it only once; I was unable to catch the site.
Can you give me the name?

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Lillian Carilo
444 days ago

Today's show was so much fun to watch; my son and I really enjoyed it - Shark Tank is one of his favorite shows, and I like to see Anderson having fun at his job.

Don't know if any of the meds we used to take for chronic illnesses are now sold in generic form. Sadly, due to husband's job loss over a year ago and discontinuation of COBRA benefits, I am no longer able to afford health maintenance for any of my family members. I've had to stop medication for bipolar disorder after 20 years of treatment, and my husband has also been off his meds. All five in my family must make due with outdated eyeglass prescriptions, and I have to hope, no problems arise after having broken a molar a few weeks ago. Seems like everything, everywhere is becoming more and more irrelevant to what life is like for us now... I can't relate to most things on t.v. anymore.

My story is at www.ahow-toguide.blogspot.com

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Judy Childers
444 days ago

Generic drugs can vary by 15% so be careful.

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Jocelyn G
444 days ago

What a fun day. We need more fun stuff.

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Barbara Nass
444 days ago

I was enjoying Anderson since its beginning. However, lately, I feel that it is going too much into trying to entertain, instead of inform. Anderson Cooper is a highly respected journalist who's talents and achievements are put in the background. Any entertainer could do most of his shows lately. I used to look forward to seeing programs about current topics and watching how Anderson would handle the questioning. I miss that. Now, I check to see what the theme will be whether I will watch it.

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