Pass on the Extended Warranty
Money Advice from the Money Guys at oXYGen Financial
Pass on extended warranties. In my opinion, spending $129 for an extended warranty on an item that costs $300 just simply doesn’t make any financial sense. Usually, employees of your larger electronics chains have their “bonuses” tied to extended warranties, so beware before you consider buying. I have never purchased a warranty on a home electronics item, and only had one issue over the life of the last 20 years of buying electronic or household products saving myself thousands of dollars. If you skip the warranties, you should save yourself and average of $500 per year. If you invest that $500 in an account hypothetically earning an 3% rate of return over 25 years, you could have an additional $18,630 in an account at retirement. Past performance is no guarantee of future results. All returns are for illustrative purposes and not indicative of any particular investment. Investment value will fluctuate with market conditions. Just another breathe easier® tip from your money guys at oXYGen Financial, Inc., 11680 Great Oaks Way, Suite 175, Alpharetta, GA 30022 – Call us for a complimentary consultation at 800-355-9318.
Making Life Easier – oXYGen Financial