Forbes has written an excellent article on 10 rip-offs that you could be spending money on. There are a few things that we as consumers are buying into at a ridiculous cost and really are getting no value out of them. Considering the recent economy, why waste money that you desperately need?
Here are a few examples of rip-offs outlined in the article.
2. Fitness Shoes
The Rip-Off: Reebok calls it the EasyTone; Skechers, the ShapeUp. These curved-sole shoes, transforming people into human rocking chairs, cost up to $130 and promise to keep you fit even while grocery shopping. During 2009 sales grew 14-fold to $245 million, estimates market researcher NPD. One problem: “They mostly affect the foot and ankle,” says Dr. Michael Ross, director of Rothman Institute’s Sports Performance Lab, which counts the Philadelphia Eagles, Phillies and Flyers among its clients. “There is no evidence they will help you tone better or quicker than a regular shoe.”
How to Avoid It: Join a gym.
3. College Textbooks
The Rip-Off: Textbooks cost the average American student about $900 per year. New editions often come out every three years and tend to run 45% more than used copies of previous editions. Between 1995 and 2004 textbook prices rose at more than four times the rate of inflation, according to Nicole Allen, a director at Student Public Interest Research Group, a student advocacy group. “Students are a captive audience since professors decide what books they need to buy,” says Allen.
How to Avoid It: Sites like ecampus.com and alibris.com offer better deals than campus bookstores. Then there’s chegg.com, a textbook rental site with an approach similar to that of Netflix
For more details on the ten ways you’re getting ripped off and how to avoid them, click here and read the full article at Yahoo! Finance. There are plenty of good tips to stop you from spending unnecessary amounts of money each year.
Leave a comment below if you follow through on any of their advice!