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Originally Posted by mdefalco25
It's simple, if you have the money for the extended warranty put it in a high yielding account and let it earn interest. If you end up not needing it you are that much better off. It's a gamble either way. I would rather have the money on hand earning interest than spend it on something you will not need. Consumer Report did a review on extended warranties way back when and determined that they are not worth the money.
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What high yield accounts are you talking about? You need to educate people here. Nothing at banks and credit unions are high yield, that is a misnomer since interest rates are basically zero. Lol. If you are thinking income funds you should explain which ones so people can look up actual rates of return and volatility.