Posts Tagged ‘convenience’

Spending Money For Convenience

Wednesday, April 23rd, 2008 by Alan Yu

I was talking to some people today that were talking about the thought of how much they would pay for a subscription service of some sort where someone else will do things such as cooking dinner and washing the dishes for them as sometimes you just don’t want to have to deal with things like that.

One person said $30/month plus the cost of food and I thought that was kind of a little too low. That sounded more like a fee for a diet program of some sort. I actually know one guy that just absolutely hates cooking and pays a lady to come in and cook dinner for about $20 each time to do it for him. Kind of high expense when you think about it too.

What I always think about when it comes to convenience is that while I’ll probably definitely save a lot of time in situations like these, I always debate whether or not it would benefit me skill wise in the long run. For example, would it enable me to do things faster afterwards? Is it a skill I could use to make money afterwards? There are always things like that which make me consider how much I would be really losing in the overall picture.

Of course, you can’t know everything so many times it makes sense to just pay for convenience.

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Auto-Renewal Subscriptions

Tuesday, April 1st, 2008 by Alan Yu

For almost all of my billings I try to avoid the use of auto billing features even though on paper it sounds like a good thing to do to save time. I think it is easy to forget those small items and having recurring charges for items that you don’t really use anymore.

I was also just reading some examples of people who also subscribe to services which offer say a free trial and in the fine print they mention that after your trial period they will conveniently bill your credit card afterwards. It’s times like that where it is better to have manual billing options as more than likely the company will nag remind you to renew as oppose to nag remind you to cancel it.

I uses the number one reason I do it too is as mentioned in a previous post I try to charge my credit card after the billing cut off dates and this allows a lot more flexibility to do so. One way to make sure you are always in tune with your finances.

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