Before I get any comments or e-mails regarding the list below, what I have listed below reflects my own personal opinions. I truly believe that what one person considers a waste of money, another person may truly see the value in the purchase.
Case in point, our next car purchase will be used, but it will be a luxury brand. Call me a snob, but it’s just something that I value more than someone else.
However, below is a list of things I would not purchase at this time nor see the value in any of the products relative to the price of each item.
LASIK Eye Surgery
I have been using contact lenses for the past 17 years without issue. Most recently, I have switched to contact lenses that are approved for continuous wear for 30 days. You can even sleep in them! So essentially, I only touch my eyes 12 times a year to replace old lenses. To pay $2,500 for the luxury of not touching my eyes once a month is just not worth it to me.
I believe the resolution on these TVs are also available on LCD models so the only difference I see is the thickness (or lack thereof) of the TV. I just don’t see any value in saving an inch or 2 in thickness versus a standard LCD TV. Until they phase out LCDs, I’ll continue to purchase them.
We just don’t watch much TV. We watch enough shows from basic cable, that I don’t see the value in watching even more TV.
Let someone else pay for the first few years of depreciation, which is often accelerated. We’ve made the mistake of buying new cars and will never do it again. The value extracted from used cars far outweigh the price difference in buying a new model.
It took me a few years to buy a smartphone and a few more years to buy a tablet. I just don’t have any desire for the newest gadget.
The latest scientific data shows that there is no real benefit to organic produce or anything organic for that matter. I’m not sure I can justify paying more for a head of lettuce just because it wasn’t sprayed with a pesticide that easily washes off.
Warehouse Club Memberships
Warehouse clubs (Sams Club, BJ’s, Costco, etc) offer bulk items at competitively low prices. However, there are some items at these stores that are more expensive than buying from a regular grocery store. Additionally, if you have a small family, you’d have to purchase a lot of items just to recoup the savings from the annual fee. I just don’t see the need at this point for our family of four.
Life Insurance on children
Unless you rely on your children for income, there is no need to pay premiums for life insurance on your children…period. Since insurance companies are in the business of calculating risk, the risk of a child dying is highly unlikely that these types of policies are a cash cow for insurance companies. Skip the insurance if offered.
Designer clothes for babies
This is self-explanatory. Unless you have cash to burn, babies and toddlers grow so fast that they end up wearing clothes just a handful of times before they grow out of it. I don’t see any value.
Products were better in the 90’s than they were in the 80’s. Products are better now than they were 10 years ago. Additionally, most products come with 1 year warranties. Also, after 1 year the cost of the most up-to-date, current model is probably the same price as the old one was a year ago.