World of Money


Category: balance

Um, yes, your mileage may vary a lot and figuring out when it will vary is the biggest trick around!

Published / by momadmin

As I said we usually say “no” excep the washer and microwave we bought a couple of years ago when we bought our current home. The microwave is so heavy and has so much in the way of electronics, dh insisted.

The washer is an “HE” washer and also very computerized. The maintenance agreement/extended warranty had more than paid for itself. Sears has been out about 4 times fixing the washer. They could have given us a new washser for what they have spent fixing it. No joke, very literal. However, as dh tells me … the maintenance division is very separate from the sales department to the point that it’s like an invisible impenetrable wall. Apparently one does not know what is going on with the other. For our washer at least 1/2 the repairs have been after the manufacturer’s warranty ran out.

Dh said back in teh 80’s when he managed a Sears catalog store a lady bought a water distiller. It was about $100 to purchase at that time. Sears spent about $1000 … yes, $1000 fixing this thing. It is amazing Sears is still in business! LOL

However, we have a working washer and that is all I care about.

I would say that 90% of the time extended warranties are not needed and are a waste of money …. except for that once in a blue moon lemon appliance or car. Figuring out if the one you’re buying is the tricky part. It is not so easy. One might say to read reviews. However, I don’t put a lot of stock in reviews if they are very mixed. I’d be more inclined to look at them if they are on one extreme or another, like if no one was pleased with a particulur appliance model or car. Or if almost everyone was pleased with said appliance or car.

We decided to go with BB because:

Published / by momadmin

1. They are so horrible to deal with and now they are with Capital One—who I don’t even want to discuss.

2. They’ve already changed our contract TWICE( once raising the minimum we must pay to keep the “deal” and once to raise us from zero interest to the 9.9% interest) with no warning, I have been expecting it again since Capital One took over—They are some nasty folks I found out when handling dmil’s accounts. I want to kill that account before they discover what I’m doing and jump the interest rate! With national interest rates looking to rise soon the faster I get this card paid off the better off we will be.

3. 9.9% interest—we’ll save well over that $200 difference by paying it off early (around $400-$500 will be saved in fact).

4. I don’t want to have to re-arrange my snowball chart which is showing the Chase balance higher than it actually is for some reason by $428 –that will look sweet as an ‘extra’ payment when it is Chase’s turn.

5. BB only gets $110 a month before the snowball (with the snowball it will now get $425), Chase gets $214 so it is going down much faster than BB with the basic payment anyway.

6. Did I mention I HATE Best Buy? The only way I go in there is to do a mystery shop, or to collect on a warranty any more. They don’t even get my cash purchases!

So we didn’t rehome this snake, instead we hacked it to death with our gazelle hooves as we ran from the cheetahs in the pack behind the snake. Hopefully in the next few months I’ll have more to report that the even bigger snake (previously maxed out at around $17,000) has died a quick death.