Top 9 everyday things you SHOULD NOT buy | Over 280,000% overpriced

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This video is about some of your everyday things that are SEVERLY MARKED UP

These are things you are going to want to stay away from because the COMPANY SELLING THEM IS MAKING BANK OFF YOU!

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Products with ridiculously high markups exist because somebody, somewhere, is willing to pay that price. Whether it's because of convenience, perceived value, or simple ignorance, is up for debate. The good news is that with a little forethought, most of these markups can be avoided, or at the very least lessened. Here are nine of the biggest, along with some common sense solutions and workarounds.

1. Bottled Water
If you're buying designer bottled water brands like AquaDeco or Fine, you're getting nailed by an unbelievable 280,000% markup. Although, if you're reading Wise Bread, I'm guessing you probably don't buy designer brand water. But you probably do buy bottled water from the grocery store or warehouse club on occasion, in which case you're paying a 4,000% markup compared to tap water.

2. Pre-Cut Vegetables/Fruit
Veggies and fruit that are cut up and ready to go are definitely convenient, especially for busy families. But did you know that you're easily paying a hefty 40% markup on the pre-cut varieties?

3. College Textbooks
According to CollegeData, the average student spent over $1,000 on textbooks and supplies for the 2014–2015 school year with markups hovering around 200% for brand new textbooks.

4. Designer Handbags
The average name brand handbag carries a markup of well over 100%. Brands like Coach, Dooney & Bourke, Kate Spade, and Michael Kors have built a luxury brand reputation based solely on consumer perception.

5. Designer Jeans
According to the Wall Street Journal, designer jeans often come with a markup in the 260% range. For example, the fact that someone would spend $208 on a pair of jeans from 7ForAllMankind, tells me that for some people, being fashionable at any price is the number one priority when it comes to covering your legs with denim.

6. Prescription Drugs
Prescription drugs can be incredibly expensive, especially if you have sub-par health insurance and get stuck footing most of the bill. According to AHIP Coverage, the price markup on prescription drugs is at a whopping 443%.

7. Eyeglass Frames
Eyeglass frames have a ridiculously high markup in the 500% range. I recently discovered this when I needed a new pair of glasses and decided to buy them directly from the optometrist as my vision insurance was going to pay for them. But after looking through my choices, and the hefty price tags, I quickly realized that you'd be crazy to buy directly from the doctor if you have little or poor insurance. The frames I eventually chose were close to $350, and after doing some research, I could have gotten them online for $125.

8. Coffee and Tea
When you hit the Starbucks or local coffee shop, know that you're getting hit by a markup in the 250% to 400% range. Sure it's a nice treat from time to time, but visiting everyday can really be a budget buster.

9. Furniture
According to CBS Money Watch, most furniture stores markup their prices in the 80% range. This is especially true at boutique shops and high-end department stores like Macy's and Nordstrom.

#personalfinance #overpriced #shopping