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Wednesday, October 18, 2006
Don’t be a scam victim!
Think about the myriad retailers, insurers, service providers, financial institutions and other entities that make a beeline for your wallet in the course of any given week. Granted, it’s necessary to conduct transactions with these businesses, but you shouldn’t give them any more of your hard-earned money than you absolutely must...- The salesperson in the electronics store tries to pressure you into paying extra for a so-called “extended warranty.” Should you do it? No.
- Thousands of homeowners keep paying extra money each month for private mortgage insurance, or PMI – sometimes for years longer than required. Should you follow their example? No.
- Many Americans could save 25 percent to 80 percent on prescription drugs if they would stop paying extra for brand names and instead purchase safe, generic versions of the medications they need. Should you explore that option? Yes.
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