Setting up a daily school savings plan can help you increase the money you’ll need for school expenses, and even your children’s college savings plan. College tuition is increasing every year, and parents should prepare early to make college education more affordable for their children. The more you save now, the less dependent you and your children will be on private student loans. In this school savings tips section, we will discuss how you can save more on prescription drug costs so you can set aside extra money for school.
- Settle for generic drugs – Always remember to ask your physician if he or she can prescribe you generic drugs instead of brand-named ones. Purchasing generic drugs can save you several hundred dollars a year.
- Purchase store-brand medication – Store-brand medications usually cost 20-40 percent less than nationally advertised brands. Settling for store-brand medications can easily help you save more than a hundred dollars a year.
- Do your homework – Make sure you know what place in your area sells prescription drugs at the lowest cost. Don’t limit your search to local pharmacies. Include mail-order pharmacies, area-discount centers and supermarkets.
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