Lending Club Blog

Smart Shopping for Glasses and Contacts

One way we often end up overspending is by overvaluing convenience. At times, we don’t even realize we’re doing this. A trip to the eye doctor can fall into this category if we blindly purchase our glasses and contacts from our eye doctor, without considering alternative sources.

You probably chose your eye doctor because of a recommendation from a friend, insurance provider, or similar. Those recommendations were most likely driven by the doctor’s skill or personality. It’s highly unlikely that anyone made the recommendation because of the low cost of glasses and contacts provided at the doctor’s office. In fact, choosing a doctor for that reason would probably be a bad idea.

When it comes to choosing providers, particularly those that care for our health, we want the best ones for that need. Once we’ve made the choice, we assume that if the doctor is good at what he or she does, that the prices charged for secondary services should be good as well. Unfortunately that is rarely the case.

Glasses and contacts should be handled just like any other type of purchase. Comparison-shopping, both in person and online, can save you considerable amounts of money. It may be more convenient to just use your doctor’s office to fill your prescription, but that convenience comes at a price. Some people feel like they might insult their doctor if they take their prescription elsewhere. To me, making a good financial decision is more important than a potential insult. Most doctors realize that you come to them for their care, not the products they sell in the lobby. In many cases, they don’t even see you through that portion of the visit, so you can tell the other office staff that you will be evaluating different options for filling your prescription.

You can still look at the products and prices offered by your eye doctor. In fact, this makes a great baseline for your price comparison. Once you realize that you can get a similar, or exactly the same, product for much less elsewhere, you’ll be glad that you made the effort.

Friday, August 29th, 2008 at 7:36 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016

What is Lending Club?

More than one million Americans have achieved their financial… Read More »
February 16, 2016

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Success: Surpassing $16 Billion in Loans

Founded in 2007, Lending Club’s… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

Critical Small Business Financing Issues

A recent Harris Poll survey conducted on behalf of… Read More »
December 17, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w