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Extended warranties are a product. They help the business more than they help the consumer, as no business offers a product at a loss.
A Consumer Report revealed that 55 percent of owners who purchased an extended warranty hadn't used it for repairs during the lifetime of the policy. Those who did use it spent far more on the coverage than they saved on repair costs.
For most, extended warranties are bad investments, because we never use the coverage they pay for.
For a warranty to be worth it,
Instead of buying warranties, consider setting up your own warranty coverage by putting the money aside in an interest-bearing savings account. Then you have full control over the money and can re-purpose those funds.
This strategy will work in your favor more often than it won't. Consider setting aside about half of the cost of the item you bought.
Before accepting an extended warranty, ask yourself:
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To breach the customer service walls of the service provider/company, and successfully resolve your complaint, you must use the three p’s: patience, persistence, and politeness.
It helps to complain as soon as you know you have a problem. The more recent your experience, the greater the weight your complaint will carry. Also, memories fade, records get buried, and work staff gets replaced.
Before the internet, we had to set time aside to walk and browse a physical store, which was only open for a certain number of hours.
Now, it has become effortless to buy things online from a...
According to research, we get a dopamine surge from buying stuff that causes us to want more and more.
Delayed gratification when the order arrives a few days later also makes is more physiologically rewarding than shopping in stores.
Some online shops have made it especially easy to shop with a one-click buying process. Most major retailers offer free shipping, and only one in ten consumers return stuff they've bought online.
Americans are also taking up more space with all the stuff they are amassing. Self-storage units are rapidly increasing too.
Oreos have been around since 1912. They are the best-selling cookies in the world and sold in over 100 countries.
When they were introduced in 1912, they were known as Oreo...
Food scientist Sam J. Porcello invented the newer version of the Oreo. He was one of the world's foremost experts on cocoa and helped develop the extra indulgent chocolate and white chocolate-covered Oreo.
The original recipe for Oreo cookies contained lard (pork fat). With the changing climate of the low-fat 1990s, the lard was replaced, and the cookie became kosher and unexpectedly also vegan.