11 things that absolutely cannot be saved in the US - ForumDaily
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11 things that you absolutely cannot save on in the US

From something as obvious as car insurance to something as unexpected as toilet paper, here's what experts strongly advise against saving on so you don't end up paying more.

Photo: Shutterstock

1. Auto insurance

A common situation is that you choose the minimum coverage required by country or state law. It may seem like savings here and now, but if an accident occurs, you will end up paying a lot out of pocket, writes Go Banking Rates.

"Paying for car insurance isn't something people like, but trying to save money on your policy can really cost you," says insurance agent and auto insurance expert Neil Richardson.

For example, if you live in Texas and you have a minimum coverage of 25 thousand dollars for material damage, but you drove into someone's new truck worth 50 thousand, you may have to pay the difference yourself.

  • What experts recommend

Richardson advises adding coverage to your plan such as comprehensive (protects against non-collision damage) and collision (protects against damage resulting from collisions) if you own a car that hasn't depreciated too much, as well as uninsured motorist (in case the second participant in the accident is not insured) and ample liability (insurance with wide coverage). You can lower costs by getting a discount for bundling multiple insurance policies—for example, home and car insurance—with one company. Ask your insurer about accident-free driving discounts and other benefits for drivers.

2. Car repair

When repairing a car, it is important to save money without risking life and health. There are some things you can't skimp on, says Nicole Firebaugh, an auto repair and maintenance expert from Marion, Illinois. First, you should do your research before purchasing any parts to make sure you get what you need.

  • What experts recommend

“Installing the wrong parts in a vehicle can cause parts to wear out faster or damage other parts,” says the specialist. Check the warranty on any purchase of this nature. “It might be an extra $50 for a five-year warranty on top of the normal one, but that's five more years of coverage. It's important to make sure you're aware of what the warranty entails."

Finally, do not do everything yourself, even trying to save.

"Even if you've watched a YouTube video or gotten advice from a local auto repair expert, some things are best left to a professional," Firebaugh says, adding that many mechanics will provide a parts and labor warranty for added protection.

3. Additional homeowners insurance

The hurricanes that cover different regions of the United States every year remind you that saving on insurance can lead to your complete inability to recover property after a natural disaster. Standard homeowners insurance does not cover flood damage; This type of policy must be purchased through the national program (we wrote about how to insure your housing and property against floods).

According to a 2016 Insurance Information Institute survey, only 12% of homeowners nationwide have flood insurance policies. On average, it costs about $700 per year, according to FEMA. It may seem expensive, but the payment for such insurance reaches $31. And if you live outside a high-risk area, you can get coverage for as little as $000 a year.

  • What experts recommend

Standard insurance also does not provide coverage for other disasters such as earthquakes, mudslides and landslides. Experts advise reviewing your policy—in some cases, you may be able to add additional catastrophe coverage.

4. Home repair

Cheap home repairs can be a costly mistake. In particular, do not be stingy with everything related to water leakage, recommends financial planning expert Justin Pritchard.

“Water can cause rot and mold, and these problems are expensive to fix,” says Pritchard, who has had this experience in his own home. “In addition to repairing water damage, you will have to replace drywall, paint and other finishing costs.” If you ignore the problems, you may have trouble selling your home.

  • What experts recommend

To reduce costs, Pritchard recommends asking the contractor what problems can be solved in advance: then you will not have to pay him for every hour of classes with other tasks, except for fixing the problem. Consider buying high quality materials; it may cost more, but cheaper materials may need to be replaced soon.

Be careful with offers from contractors that will appear on your doorstep, offering to make repairs at "favorable" prices. They can be fraudsters who use hazardous materials or just run off with money. Find out how reliable companies are and whether they are insured before allowing their employees to enter your home.

5. Tenant insurance

If you rent a house, you should not try to save money by refusing to insure the tenant. Mike Delgado, smm-director at Experian's credit bureau, said that he had made a mistake without buying such insurance.

“I thought I was living frugally without paying monthly insurance,” he said. “And then someone broke into my garage and stole my not-so-humble mountain bike.”

  • What experts recommend

Don't count on your homeowner's insurance policy to cover your personal property—it probably won't. A renters policy will be able to pay for repairs or replacement of your items if they are damaged or stolen. The cost is only $15 to $30 per month.

“I could save several thousand dollars by paying just 12 bucks a month,” Delgado said.

Photo: Shutterstock

6. Security items

When it comes to your safety or the safety of your family, choosing the cheapest products can be very dangerous. For example, a properly made bicycle helmet, which sits as it should, can save lives and prevent brain injuries, says cyclist and blogger Julie Raines.

  • What experts recommend

“I have friends who have hit their heads on the pavement at 15 to 20 mph and come away unscathed,” she said, adding that the best place to buy a helmet is at a bike shop, where they can help you put it on and show you how to wear it. it properly.

It doesn't have to be the most expensive, high-quality racing helmet. Instead, ask for a good helmet at an affordable price—maybe even last year's model.

7. Hair care

If you get a cheap haircut or make-up, at best, you will have to have it redone and pay again. At worst, you can seriously damage your hair. Stylist and salon owner Beth Kessler says she gets at least one call a day from a new client asking for a bad haircut or color fix.

Recovery will cost both time and money. According to Kessler, color correction can cost half the price if you immediately sign up for a master who specializes in what you want.

  • What experts recommend

To find an experienced stylist, Kessler recommends asking friends about who cuts and paints them, how much it costs and how difficult it is to enroll. You may be able to reduce costs if the salon takes an extra charge for hair styling after the haircut, which is unnecessary for you. You can save money with inexpensive cosmetic life hacks, but it is important to make sure that the changes are easily eliminated if something went wrong. With a hair color such number precisely will not pass.

8. Mattresses

“A good mattress is expensive, so many people think that choosing a cheap option is not so bad,” says Joseph Hogue, investment analyst and blogger. “But you'll spend a third of the day on the mattress, and a good night's sleep is hugely important.”

Buying a good mattress means not only comfort, but also the fact that you get a quality product that will last for several years. A good queen size mattress can cost at least 1000 dollars.

  • What experts recommend

Try making these purchases on certain days, Hogue recommends. For example, look for mattresses with holiday discounts. Labor Day and Memorial Day are especially good days for this purpose. Also try to negotiate for a better price when possible.

9. Footwear

If you spend a lot of time on your feet, you should only buy quality shoes, says Brent Shelton, an online shopping expert. “Shoes made from quality materials will last longer and remain comfortable longer.”

According to WebMD, quality shoes are especially important during recreational walking or jogging, playing sports. If you have bad sneakers, it is easy to get hurt.

  • What experts recommend

There are ways to reduce the cost of quality shoes. According to Shelton, it is worthwhile to conduct your own research and study the reviews of the most popular shoe models for your needs and lifestyle. You can set up alerts on social networks and discount sites to receive updates about brands and stores.

10. Grass Seeds for lawn

If you want your lawn to look better without breaking the bank, don't make the mistake of buying cheap seeds, says Brian Clayton, CEO of GreenPal, a lawn care company. The reason some seeds have low prices is that 10 to 20% of the seeds contain weeds.

  • What experts recommend

“Don't try to skimp on the seed you buy for your lawn,” says Clayton, adding that you don't want to waste time planting seeds only to end up with weed-ridden grass. - So do yourself a favor. Spend a few extra dollars on quality seeds. You'll thank yourself for it next spring."

11. Toilet paper

Buying cheap toilet paper is literally flushing money down the drain.

“When you buy cheap single-ply toilet paper, people end up using it a lot more,” Shelton said. This means you have to buy it more often.

Plus, cheaper toilet paper is made with fewer fibers and may not do its job well, says savings expert Kendal Perez. “But this is a product that you expect to do a good job,” she added.

  • What experts recommend

Choose two-ply or three-ply toilet paper, which costs more but will save you money by not having to use as much. You can win by buying it in bulk - savings can be up to 30%. It's also worth looking for coupons for toilet paper on relevant websites and stocking up during sales.

Read also on ForumDaily:

How to make a bargain with Target

Life in America: what can and cannot be saved?

$ 17 thousand a month for electricity: after the storm, Texans were billed unthinkable for a communal apartment

Miscellanea Educational program life in the USA how to save money home finances
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