6 Things Not Worth the Money

Are you a smart spender or are you unknowingly wasting money? Here, a list of 6 things you should just stop buying now. Really, they're not worth the money.

By Reader's Digest Editors
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    1. Credit card payment insurance

    For a monthly fee, many credit card companies offer an optional insurance policy: they’ll cover your payments if you become disabled or unemployed. Financial advisors explain that most of these programs are rife with complex rules and restrictions, and recommend using the money you would have spent on insurance to pay down your balance instead.

    2. Premium gas

    You may think that filling your tank with premium rather than regular will help your car run better and longer, but according to Car and Driver magazine, you’d be wrong. A recent study by the magazine revealed that high-octane gasoline had no effect, except on ultra-high performance vehicles.

    3. Unlimited cell-phone minutes

    You may think you need a cell phone plan with unlimited minutes, so you have the freedom to talk as much as you like without incurring extra fees. But most people don’t exceed the number of minutes offered in even the least expensive plans from most carriers (about 700 per month for a family plan). Check your usage amount on bills for the past several months before choosing a pricier plan.

    4. Automobile service warranties

    The manufacturer warranty you get when you purchase or lease your car is legit. The one you’re offered via a postcard in the mail, in all likelihood, is not. According to an investigation by the Better Business Bureau of St. Louis (home to several warranty companies), nearly $3 million in repairs that should have been covered according to contracts were not. What’s more, over 90% of those who purchased such insurance found the process to be "misleading or improper."

    5. Bottled water

    Contrary to what most bottled water producers would like you to think, much of what they’re bottling came straight from a tap rather than a spring or well. Using a water filter will give you similar results for a fraction of the price. It’s also kinder to the planet -- most plastic water bottles end up in landfills, rather than at recycling facilities.

    6. Lottery Tickets

    Yes, $10 million probably will make your life wonderful, but almost anything is more likely to happen than you winning the lottery. The chance of winning most big-ticket lottery jackpots is well over 100 million to one. Source: Moneyland

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    Your Comments

    • Margaret A

      premium adds mpgs to your gas about 3mpg for our 2003 chevy trail blazer ext lt

    • magic3499

      #2 – ALWAYS follow the manufacturer’s recommendation. While some newer vehicles can use lower octane fuels, many REQUIRE higher octane in order for their sensors to perform properly and achieve their desired service life. If you decide to use lower octane fuel and experience “spark knocking” or “dieseling clatter” then your vehicle is not performing well on the lower octane fuel. Also, for vehicle DESIGNED to run on high octane fuel switching to the lower octane may reduce you gas mileage.