This economy is tough. I think that everyone has been hit in some way. This kind of financial uncertainty makes daily life stressful- money and financial security play a very active role of life. When we feel threatened it becomes even more stressful.
I found some great sites that I feel everyone should be aware of. Most ideas that you are going to read or hear are not new ideas, but someones just hearing them again can help us making smarter and wiser decisions about money.
1. Extended Warranties
Generally, they’re not worth the money. (The only thing I now have a warranty on is my laptop computer, and that’s because I practically beat it to death.) If a new gadget or appliance is going to fail, research tells us it will do so during the manufacturer’s warranty period or long after the extended warranty has expired. That makes extended warranties, which can cost anywhere from $5 to hundreds of dollars, a big profit center for retailers and a pretty useless expense for consumers.
Get Smart: If you’re worried about a breakdown, take the money you’d spend on a warranty and stash it into a special savings account. If your item fails, you’ll have the money to repair it. If not (which is more likely), in three or five years when everything’s gone well, you’ll have stashed away a nice little nest egg.
2. Gym Fees
The sales pitch is compelling and the promise of better health is hard to deny. But getting roped into a legal obligation to pay a big monthly fee for the next two or three years—whether you use the gym or not—makes no sense.
Continue Reading