9 Strategies for Saving Money on Prescription Drugs

Prescription drugs sometimes cost a fortune. Most hospitals and doctors prefer prescribing branded drugs, which for many patients becomes a difficult to cope with situation. However, there are ways you can save money on prescription drugs such as:

#1. Find an Online Pharmacy

Using such an online portal, which is usually run by a licensed pharmacy, you can get your requirements at marginally attractive rates. You also have options to buy from a mobile app. When you install and sign up on an app, they might offer you discounts or credits, which you can use for your purchase.

#2. Go for Deals

There are many online places where you can find attractive deals to lower the cost of your purchase. Some deal portals give you gift coupons that can be used for shopping, dining or entertainment.

#3. Buy in Bulk

Some medical conditions require long-term medication. If you have to buy prescription drugs for a month or longer, you should buy them in bulk. This way, the retailer can offer you discount on your prescription medicine.

#4. Find and Buy from a Distributor:

Distributors source their supply directly from the pharmaceutical manufacturer. Therefore, they may have attractive low price offers for you. You can locate a nearby distributor on brand website.

#5. Buy from the Brand Store:

Finding a distributor could be a confusing task. However, locating a brand store is certainly not. You can get massive discount on prescription drug from a brand store.

#6. Look for a Government-Owned or -Aided Pharmacy:

The government makes many efforts in the interest of its citizens. They have opened drugs stores across the country to sell prescription drugs at affordable rates. You can purchase your prescription medicines from one such store.

#7. Generic Drugs:

Generic drugs are copies of branded drugs and are allowed for sales in the country. They cost lower than the branded formula. When visiting a pharmacy, ask for generic drugs to save money. There are less chances that you will find these drugs at a brand store.

#8. Ask the Doctor for Options:

Doing so will help you compare the prices of prescription medicines of different brands and make a smart buying decision. You will also learn which brands or medicines work best for you.

#9. Don’t Fall Ill:

This is the best way to save money on your annual prescription drug expenditure. Lead a healthy, mindful and disciplined lifestyle that blocks the chances of diseases and disarrays. And then, you will not have to spend a single penny on any kind of medicines.:)

Landlords: What Is Your Pricing Philosophy, And Why?

Many people realize, investing in real estate, if done, in a prepared, knowledgable, realistic way, is an important component, in their overall investment portfolio. However, it also requires, instead of being greedy, a smart landlord/ investor, must fully examine, and delve deeply/ discover, a pricing philosophy/ policy, which maximizes the potential return, in a reasonable, rationale, pragmatic manner. There are many considerations, to consider, but, rather, than proceed, either focused on greed, or a degree of laziness, doesn’t it make sense, to proceed, with a logical policy, which will best serve, your best interests? With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, some of the central considerations, etc.

1. How many similar properties do you own, in the area? When asked why, so many landlords, refuse to reduce their rents, in order to attract tenants (especially, when it comes to storefronts, and office space), the response is often, because they don’t want to limit the continuous expansion, in pricing, of rents, into the future! However, from a mathematical, logical perspective, let’s evaluate, what the impact, of every month’s vacancy, means, and how long it might take, to recoup, these losses. For example, let’s assume the asking rental price is $4,000 per month, for a specific storefront. A prospective tenant has offered $3,750, and the landlord refuses to nudge. The difference, of $250 per month, would take 16 months, at the higher rent, to come out equal. If it takes three months to rent, at the higher year, it will require 3 years, to break – even! Does that make sense? Even if it did, it would only make sense, for someone who owns many units, in the specific area!

2. Renting in a two – to – six unit building: If you are investing in a two – to – six unit, residential building, what should be your priority? Should you, merely, focus, on getting the highest rents, in the area, or would you be better served, by finding highest quality tenants, who, if they are satisfied, may stay, for a longer period. Every time, you need to find a new tenant, there is another expense, which you do not encounter, when you maintain your existing tenants. I always strive, to impose realistic rents, from well – qualified tenants, and have been fortunate, enough, to maintain tenants, far longer, than nearly all other similar places, in the area.

What is your pricing philosophy, and policy? Can you afford an extended period, of vacancy? How much have you put aside, for reserves? Can your cash flow, afford it? Does it make sense, in relation, to how long, it takes to make up, the loss?