J. Money of Budgets Are Sexy asks if warranties are truly warranted, with examples.
Episode 303: Are All Warranties Warranted by J. Money of Budgets Are Sexy (Should You Buy a Warranty on Your Car, House, Electronics).
J. Money is a 6'1, hyperactive, rock a ‘hawk who loves drinking beer, blaring hip-hop, talking about money, and now playing with his two adorable baby boys.
He tracked his expenses for 3 months, made a budget, read some books, and stumbled into personal finance blogging and idea sharing, randomly turning BudgetsAreSexy.com into his full time “real job” a few short years later–14 million views later!
The original post is located here: http://www.budgetsaresexy.com/are-all-warranties-warrented
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I’m “self-insured” on most purchases, so I usually decline to buy a store warranty for a new product that I’m buying at a store. There was one notable exception. I was persuaded to buy insurance for an electric pencil sharpener for my classroom. The store clerk estimated that I could invoke the warranty about three times during the three year period…and he was correct! (Classroom pencil sharpeners usually need to be replaced frequently. Students try to sharpen a lot of things that aren’t pencils.) I got about $75 worth of sharpeners for the original $25 purchase plus an $8 warranty. Thanks, clerk!
Very interesting! Thanks for sharing that!