Please don’t use your moisturizer as an eye cream. Like you, I read a lot of different beauty reviews and articles and some suggest not splurging on an eye, that moisturizer basically performs the same functions as an eye cream.
Um, no.
Paula Begoun has said this a time or two and I beg to disagree.

Here’s the deal….
Depending on what sort of moisturizer you are using it’s probably created specifically for your skin type. Maybe you’re fighting the signs of aging, maybe you have blemish prone skin, maybe dark spots, etc….etc….your moisturizer likely has ingredients that are helping you fight those issues. Now think about applying a moisturizer with those ingredients under your eyes. The skin under your eyes is thinner and a lot delicate compared to the skin on the rest of your face. A lot of those ingridents are not suitable for your eyes. Not to mention they cause all sorts of other issues for example, milia! Milia are rather irritating small white bumps that appear under the eye area. Typically they happen when dead skin cells decide to hang together and get trapped under your skin’s surface. According to many reports eye cream, makeup, or moisturizer doesn’t cause milia but honestly, I’ve used richer eye creams that apparently were the culprit behind my milia issues. Which is one reason I’d never use a facial moisturizer as my eye cream. It’s just too rich for the area around your eyes....