2098: Is There Value in Buying an Extended Warranty? By Laurie Sepulveda

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 13 November 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Laurie Sepulveda of Women Who Money discusses whether or not there's value in buying an extended warranty Episode 2098: Is There Value in Buying an Extended Warranty? By Laurie Sepulveda The co-founders of Women Who Money are Amy Blacklock from Life Zemplified and Vicki Cook, from Make Smarter Decisions. Vicki and Amy connected initially online and eventually met in person at a financial conference in the fall of 2017. They’ve both reached financial independence and left full-time work to devote more time to family, pursue passion projects, and embrace fun and challenging opportunities. They enjoy collaborating on original content and sharing great articles written by and for women. The original post is located here: https://womenwhomoney.com/extended-warranty-value-worth/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2098.
0:04.3	Is there a value in buying an extended warranty?
0:07.7	By Lori's Suppolvada with WomenWhoMoney.com
0:11.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.8	Let's get right to today's post and continue optimizing your life.
0:24.3	Is there a value in buying an extended warranty?
0:27.6	By Lori's Suppolvada with WomenWhoMoney.com
0:32.4	You've budgeted for it for months.
0:34.8	Now finally, you're in the store buying your long-awaited fill-in-the-blank dishwasher,
0:40.3	iPhone, smartwatch, used car.
0:43.2	Would you like an extended warranty with that, you're asked?
0:46.8	Huh?
0:47.8	Do I?
0:48.8	You think?
0:49.8	Typically, extended warranties are a relatively low-cost add-on to your pricey electronic car
0:55.2	or even home purchase.
0:57.2	So it may seem like a no-brainer to buy an additional protection plan for a fraction
1:01.4	of the cost of the item itself.
1:03.4	However, when we dig deeper into extended warranties, things get a bit more complicated.
1:10.4	Warranties can add hundreds of dollars to the price of your item.
1:13.7	And they often come with lots of fine print.
1:16.6	This language includes which repairs are covered and where the repair must be carried out.
	...

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