Should you pay a little extra upfront in hopes of saving money — or hassle — in the future? Or are you better off spending less and pocketing the savings now?
From warehouse clubs to home and car maintenance, we present you with ten situations for you to decide. Is it worth the cost? Or should you save your money? Take our quiz to find out.
Not much new in this quiz from Kiplinger, but interesting nonetheless.
7 of 10 correct – so I’m cheap
But I’d argue a lot of those the correct answer is ~Depends.
Like wills.
Don’t die without one (depends on the state you live in, Hawaii charged 50% to probate and intestate estate) and what you have for assets.
If the next gen chooses to fight over the tea trolley you didn’t raise ’em right anyway.
I scored 8 of 10, but the two I got “wrong” were debatable in my opinion. One was the will, and I even debated the answer with myself before I answered. It’s probably worth a lawyer if you have property and/or a lot of investments, but if you don’t, you can probably get away with a do-it-yourself form.
The other was warehouse cards. It’s only a savings IF you shop enough to earn back your $40-50 or more for the annual fee. You can save that much, but you won’t necessarily. If you only have one or two people in your household, and you aren’t always buying furniture, tires, books, office supplies, and all that, you likely won’t save it back just on butter and eggs and such. Their produce isn’t always cheaper at all, and you have to buy a lot of it at once, so it can spoil. Same with the meats–you’d have to freeze a lot of it, which is OK, but only if you have a big freezer. Some of the pantry items are cheaper, yes, but some aren’t if you comparatively shop your grocery sales elsewhere. You have to be a savvy shopper–bigger quantities don’t always equal lower unit prices. So, again, this one is debatable.