Cost-effective refers to something that provides the best value for money spent. Other synonyms for cost-effective include economical, budget-friendly, affordable, efficient, and inexpensive. When seeking ways to save money, it is important to consider cost-effective options. For example, purchasing generics instead of brand name products can be a cost-effective alternative. Implementing energy-efficient practices in a business can also result in cost-effective outcomes. Additionally, using reusable products instead of single-use can be cost-effective and environmentally-friendly. Overall, being conscious of cost-effective choices can lead to financial savings and a more efficient way of living.