Extended warranties are the bane of any consumer's existence. Extended warranties are like any kind of insurance — you hate paying for it, you'd rather not purchase it, but that guilt that your mother instilled in you makes you buy it.
Extended warranties are also the last real profit margin for retailers who have to compete with Internet vendors and the likes of Wal-Mart, BJs and Costco. So it's not a surprise that when you go in to make a big purchase, you're offered an extended warranty.
Since this past weekend was a tax-free weekend here in Massachusetts, I took the opportunity to purchase a new Toshiba laptop and save a good 5%.
But not only did I get a good deal on the laptop, but with a little preparation, I saved $200 on a three-year extended warranty.
We've finally completed the process for getting our first credit card that's, well, a real credit card. We have a debit/credit card from the bank, but we're making the plunge for a real credit card to help build up our credit score.
I've got a pretty good credit score, and the wife's is OK, but obviously we'd like to do anything we can do help us out for big future purchases.
That's why we need some credit tips.
Okay, the question is a bi loaded, but it's something that everyone my age (and even folks older) thinks about. At the ripe young age of 23, do I really need life insurance?
The thing about insurance is that it sucks. All insurance sucks, until you need it. And even though I could obviously never use my life insurance, my wife could.
Before the wife and I started paying bills together (a few months before our wedding), I never really cared much about my money. My parents were still (mostly) helping me out, but once I got a full-time job, I was pretty much on my own.
We started out keeping a budget to track what we spent, which was great. But we didn't really know how else to make our money worthwhile (besides spend it). Then I met my online savings account.
Without a doubt, one of the biggest questions coming up for the wife and I is whether or not our next living situation will be in a rental or a condo. Right now, we are renting, and our rent is pretty expensive.
Now, we love our apartment and the neighborhood is great, but obviously we'd rather be investing in something that we can call our own, rather than giving our landlord our hard-earned dollars. One of the reasons that we are penny-pinching now is so that we will be able to buy sooner rather than later.
Then I had a conversation with a buddy of mine.
As the wife and I save up for a possible move and, at the same time, I scrounge for money to start-up a business, we've been pinching pennies wh rever possible. Unfortunately, because of our living situation, we spend a lot of money on rent and other fixed items (IRAs, cable/Internet bills, insurance, etc.).
But we've found that it is possible to easily save a lot of money, even if the margins for saving are low. Here's 10 ways we immediately started saving money.