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Save Money – Skip the Warranty


Do not buy warranties

Warranties fall into the category of spending extra money on a future event that is not guaranteed to occur, which should always be avoided. Warranties may seem like a good idea at the time, but are often limited and do not cover 100% of repair costs. They usually have a catch that makes them worth less than the paper on which they are printed. Labor may not be included, which could constitute a large majority of the repair fees. For items that are frequently updated, such as electronics, it might end up being cheaper to buy a newer replacement than to repair an old model. It is not worth the added expense unless the warranty is covering an item that would be extremely costly or irreplaceable.

K.B. Helm - 100simplebooks.com