When you purchase a computer, should you buy insurance in case it breaks? Or should you purchase travel insurance for a trip? What about car insurance, health insurance, homeowner’s insurance, or life insurance? You can save a lot of money over a lifetime by answering these difficult questions well.
Building destroyed by Hurricane Irma on St. Maarten island
Properly understood, insurance is always a bad deal. But there are 4 times when you should get it anyway. Let me explain. (more…)
The Southwest Companion Pass is arguably the best deal in travel. It allows a companion to fly for free with you on any Southwest flights you book. The pass is good from the time you earn it until the end of the following calendar year. The opportunity has arisen to enable a companion to fly for free with you for 23 months: most of 2018 and all of 2019. But you have to act by October 4, 2017 (and, ideally, on 10/3) to take advantage of this opportunity.
Following is more about the Companion Pass and exactly what you need to do by October 4th in order to score 23 months of free flights for your companion (and a lot of free flights for you as well): (more…)
Last week, Apple announced three new iPhone models: the iPhone 8, the iPhone 8 Plus, and the iPhone X. (The “X” is pronounced “Ten,” in commemoration of the iPhone’s 10-year anniversary, but probably only “I in X” people will pronounce it correctly.) My first reaction to the X was this well-thought-out response: “I want.” I still do. But I’ve stopped drooling long enough to ask myself the question: is the iPhone X worth its $1,000 price tag? More specifically, is it worth $300 more than the also brand new iPhone 8? At least one person on Twitter thinks maybe not:
In this post I’ll compare the three new iPhone models. My aim is to help any of you looking to get one of them to decide how best to spend your money. (more…)
When people go on vacation, they often pay face value. According to Forbes, the average vacation costs $1,145 per person or $4,580 for a family of four. I love family vacations because I like going on an adventure with my wife and kids. But I would never consider paying over $4,000 for a vacation. And I don’t want you to, either.
On my last two family vacations combined, I spent less than $100 total on hotels and flights. Earlier this year, we took a $5,000+ vacation to Cabo San Lucas for $42. Last week, we took a short (2 night) vacation to San Diego for $56. Had we paid face value, the hotel and flights would have cost $4,012.
If vacations are part of your life—or if you’d like them to be—you should seriously consider a total paradigm shift in terms of how much you think they need to cost.
In this post I’ll share how we spent so little on a great vacation. And I’ll show how you can do similarly. (more…)
You just landed at the airport, ready to start your beach vacation. You can’t wait to change your sweaty clothes for a swimsuit. So you head to the car rental agency to grab your car and be on your way. But first, you must make a series of important decisions that you feel completely ill-equipped to make. Do you want collision coverage on the car? What about liability insurance? Seems expensive. But the agent swears you’d be crazy not to purchase the coverage he’s selling.
Your eyes begin to glaze over. You quickly initial here, here, and there. Depending on your decision, you either just forked over a bunch of cash or waived coverage. Either way, one thing is likely: you don’t have good reasons for the decision you made.
I know, because I’m right there with you. Or at least I was until last week.
Over the past week, I’ve done a bunch of research to try to answer the question: When renting a car, should I buy rental car insurance?
Following is the fruit of my research. It will shape whether I accept or decline rental car insurance moving forward. (more…)
When renting a car, I want to get the cheapest rate possible with the least amount of effort. You, too? If so, you need to use a free site called AutoSlash. I’ve used AutoSlash dozens of times since 2011. On one occasion, AutoSlash saved me a whopping $2,178 (74%) on a 27-day SUV rental. On at least 10 separate occasions, AutoSlash saved me more than 31% off the lowest rate I could find. Due to its considerable savings and ease of use, I highly recommend using AutoSlash every time you book a rental car.
In this post I’ll explain what AutoSlash is and show you how to use it to quickly save a ton when renting a car.
What if you could buy a product, use it until it wears down or breaks, and then return it—even years later—for a full refund or exchange? Sounds like wishful thinking, right? Amazingly, that is precisely how returns work at Bed, Bath, & Beyond. In this post, I’ll explain how to make the most of their generous return policy. But first, I want to share four quick stories that illustrate just how absurdly generous the policy is. You won’t believe what they are willing to let you return.
Top 4 Stories of Returns to Bed, Bath, & Beyond
The following four stories illustrate the absurdly generous return policy of Bed, Bath, & Beyond:
#4. My Return of a Patio Umbrella
You’ve probably seen commercials advertising credit cards that earn 5% cash back or 5 points per dollar spent. Compared with standard cards that often earn just 1% cash back or 1 point per dollar spent, these 5x cards seem amazing. But are they? Should you get them?
In this post I’ll cover the 4 main cards that earn 5x rewards. I’ll then provide my recommendation for whether to get them. (more…)
In my last post I argued that you can save substantially on groceries—perhaps 19% or $760 per year—by having them delivered to you rather than going grocery shopping. Doing so saves a lot of time, too. But I also acknowledged that sometimes it makes more sense to shop for groceries in store. When shopping in store, there are still ways to quickly save money on groceries.
Following are 4 efficient ways to save money when shopping for groceries in the store: (more…)
The average American household spends over $4,000 per year on groceries. As a result, saving even a small percent on groceries can add up. That said, many cost-savings tactics—like clipping coupons—often aren’t worth the time. The question is: how can one save the most money on groceries in the least amount of time?
In this two-part series of posts, I’ll share 5 ways to quickly save on groceries. Today I want to share my #1 recommendation: (more…)