Decline the warranty

April 2, 2009

The other day I was browsing various tips online on how to save money. I came across the idea of a warranty scam bust bank account. Basically when a company sells you a warranty, they do so because they know they are going to make money off most of the people who buy it. Plus, usually products are designed not to break during the first year or two, which is the duration of most warranties.
So here’s the idea:
Whenever you buy a product that offers a warranty, decline to do so, but write down how much it costs and create a separate file in your bank account called “Warranty scam bust account”. Deposit the amount of money the warranty would have cost into this account and if something does break, use the money from this account to repair or replace it. The great part? You’ll be keeping the money you would have been spending on a warranty PLUS you’ll be earning interest on it. Not to mention, in the case something actually does break, you’ll have the money to cover its cost. There seem to be a few exceptions to this rule however, such as certain technology products like laptops where the wear and tear from everyday use might actually cause it to malfunction and break parts early on. But for most other products, create that warranty scam bust account and you’ll be one step closer to financial independence!

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Posted in Flash Games