5 dumb 'deals' that waste your cash
There are so many ways to waste money, I can't name them all. But I can name 5.
The world is full of evidence that when something’s heavily advertised, it should be heavily scrutinized. In this TV news story/blog post I cover five of the countless examples.
Better idea? Find a free checking account (credit unions are a great place to look), then shop for the best savings account you can find. Some are paying as much as 3% -- still not much, but 12 times what you were earning with that “interest-bearing” checking account.
Check out the following news story, then meet me on the other side for the rest.
There are exceptions, and exceptional situations (Example: I’ve got a new puppy in my house right now, and wish I’d purchased an extended warranty on pretty much everything within her reach) but by and large these things are profit centers for the dealers that sell them more than they are profitable protection for you.
Better idea? See if your credit card offers a buyer’s protection plan, check for a good manufacturer warranty before you buy, or just take your chances. Oh, and get a muzzle for your puppy.
You’re entitled to one free credit report from each of the big three credit-reporting agencies (Experian, TransUnion and Equifax) once every 12 months. Which means that you can get one free report from one agency every four months, thus looking in on your history several times throughout the year.
Better idea? Paying extra principal on your mortgage (or any other debt) is always a great idea. But paying some company that’s already making a ton off of you to use a “system” that you can use anytime you’d like for free? Dumb.
There’s certainly no shortage of dumb products and services out there. Those are five of our ideas. Tell me yours.
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