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Money Management

What Actually Happens If You Don’t Buy Car Insurance?

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 As auto insurance prices have soared, there’s a rise in drivers skipping coverage. DimaBerlin / Shutterstock.com

Car insurance prices are spiking in 2023, and drivers may be wondering what would happen if they simply skipped coverage to try to save money. The number of Americans driving without car insurance is on the rise, especially in South Dakota, New Hampshire and West Virginia, where uninsured driver rates increased by 50% or more from the second half of last year to the first half of this year…

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10 States Where Retirees Have the Biggest Social Security Benefit — and the Smallest

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 Here’s a quick peek at the average Social Security benefit in both the upper fifth and bottom fifth of states. J.J. Gouin / Shutterstock.com

It’s always intriguing to see how much money other people are making. And that goes for Social Security benefit checks, too. The Social Security Administration publishes a variety of statistics about the benefits it pays out. We checked their latest data (from December 2022) to highlight the states where people get the highest and lowest average benefits. Specifically, we wanted to know: Following…

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The 5 Most Expensive Car Colors — and the Cheapest

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 Discover the hues that push a car’s resale price skyward, and the bargain colors that’ll keep your wallet grounded. Prostock-studio / Shutterstock.com

When you buy a car, the color you choose can impact how deeply you have to dig into your wallet to pay for the vehicle. Recently, iSeeCars looked at more than 10 million used cars sold between 2018 and 2023 that were between 1 and 5 years old. Then, it identified the color of each of those cars and the price the vehicle sold for to determine which colors were most or least expensive.

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One Simple Thing Convinced Me to Choose the House I’m Buying

By Money Management No Comments

Location was the most important factor that prompted me to purchase my soon-to-be new home. See why this mattered more than anything else. 

Image source: Getty Images

I’m in the process of buying a house. I looked at many different properties before getting a mortgage and moving forward with my home purchase. But there was one simple thing that convinced me to buy the home I ultimately chose. Here’s what it is.

This was the most important feature in a home for me

The house I’ve picked to buy needs a ton of work I didn’t really want to do, and it is a little bit more expensive than I had initially hoped my new property would be. It also has a very strict homeowners association, which was something I was hoping to avoid.

Despite these downsides, though, I knew it was the property for me the moment I saw it because of one simple factor: the location.

READ MORE: The Ascent’s Complete Guide to Mortgages

See, the house is in my chosen neighborhood, which I selected because the commute times to everything important to me are very short. I had previously bought a house in a different neighborhood that left me stuck in horrible traffic every time I wanted to go anywhere and made me miserable. With this house, I don’t have to get on the busy interstate and I can get to entertainment, restaurants, and stores in mere minutes.

My house is also on a prime lot in my chosen neighborhood. Most homes in my desired area back up into other houses, which wasn’t something I was willing to deal with. There were just a few properties with lake views, and I managed to snag one of them, which was a major coup.

Because of the unbeatable location, I was willing to put up with all of the other downsides.

Should you prioritize location, too?

If you’re buying a house, there are a few excellent reasons why you should make location one of your top criteria — if not the top criteria — that you consider when deciding if a property is the right one for you. Here’s what they are.

Your commute time is going to impact your daily life more than almost anything else. A long and miserable commute means less time to enjoy your family or hobbies. It means you start and end each day coping with stress. Very little else about a home is going to have such a big impact on your quality of life. In fact, studies have conclusively shown that long commute times damage both health and life satisfaction.You can’t change your location. Almost every single thing about a house can be changed, but the location can’t. You cannot move a house to a lot with a better view or one with a shorter commute. You’re stuck where you are.A good location can impact property values. Views and a centralized location matter not just to you but to future buyers as well. There’s only so many houses in desirable areas and only so many houses with good views. If you can snag one of them, this should help you enjoy more property appreciation.

When you go house hunting, be sure not to compromise on this one issue, or you could regret it as you sit in traffic or find yourself staring into a neighbor’s messy yard instead of a view you’re proud to call your own.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

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The 3 Best and Worst Products I’ve Bought at Costco

By Money Management No Comments

Costco is one of the largest retailers on the planet. Here’s one writer’s opinion as to what’s worth buying, and what’s best left on the shelf. 

Image source: Getty Images

According to Costco, nearly 128 million people are members. I suspect that each of those 128 million would disagree with at least one of my picks. And that’s the great thing about warehouse stores; they carry so many interesting products that each of us can choose favorites.

The following list represents three items I make a point to pick up anytime I make the seven mile trip to my nearest Costco, and three items I avoid like half the women I know who avoid gluten.

Love, love, love

These Costco products were a hit.

1. Kirkland 13-Gallon Trash Bags

Two humans and two dogs reside in our household. Two of each. That’s all. And yet, the number of 13-gallon trash bags we go through in a week is shockingly high. How do we manage to produce so much rubbish? I’m clueless.

When two people fill up that many trash bags, they’re bound to notice how those bags are made and to slowly develop preferences. For example, I like a scented bag, while my husband insists on a drawstring model. We both prefer a bag that expands to twice its size, like Violet Beauregarde during her trip to the Wonka Chocolate Factory.

The Kirkland 13-gallon trash bag delivers. It comes in a scented (and unscented) version, has drawstrings strong enough to keep raccoons at bay, and holds a ton of trash. In fact, if our kitchen trash can wasn’t so small, I’m convinced we could get an entire week of garbage in there. And at $0.10 each, they don’t drain my bank account.

2. Frozen Fruit

I’m not sure about all Costco stores, but our Costco’s frozen fruit selection can be a little hit and miss. And truthfully, I’m not sure I’m getting a better price than I would at our neighborhood grocery store. However, as people who enjoy a morning fruit smoothie, it’s convenient to load up on frozen fruit while we’re in the store anyway.

I’m going to let you in on a little secret. Sometimes, after the kids are grown and living on their own, Mom and Dad revert back to their 12-year-old selves. If we operated purely on instinct, we’d eat cookies and ice cream for breakfast. And that’s precisely why we’ve come up with a strict morning routine in which one of us walks into the kitchen and blends something healthy.

3. Delici Desserts Belgian Chocolate Mousse

About a year ago, I was strolling down a refrigerated aisle, minding my own business, when I came across a product I’d never seen before. Lined up in two neat rows and wrapped up in a colorful box were six small glasses, each filled with layers of chocolate — some dark, some light.

After my first bite (I don’t want to be overly-dramatic here), the skies opened, the angels sang, and I knew I was in love. They are wildly delicious.

The bad news is that our Costco rarely has them in stock. I walk that aisle each time I visit the store, slowly passing the spot where I last saw them, looking to all the world like a jilted lover, staring longingly at my ex-partner’s apartment window. Actually, the good news is, our Costco rarely has them in stock. As mentioned, 12-year-old me sometimes says goofy things like, “You know, Belgian chocolate mousse would taste so much better than that bowl of veggie soup.”

Why, oh why?

And these Costco products were a miss.

1. Dessert Italiano Tiramisu Cups

I know this choice is likely to raise someone’s ire, particularly based on a Costco Reddit thread I ran across recently. Some folks love these Dessert Italiano Tiramisu Cups. Here’s why that makes me mad: One day, as I looked for my beloved Delici Desserts Belgian Chocolate Mousse, I finally had to admit to myself that there were none in stock. In their place were these tiramisu cups. Similar packaging and the same single-cup glasses. I normally like tiramisu, so I thought they’d make a decent substitute.

They did not.

First of all, there was a thick layer of cocoa powder on top. It was like dipping a spoon into a can of cocoa (which I highly discourage you from doing). The mascarpone cream was okay, but instead of ladyfingers as the base, the manufacturers used sponge cake. At the bottom was a type of coffee jelly. The texture was so off-putting that I tried to foist the remainder of jars off on unsuspecting family members. No one took them.

2. Fresh fruit

Every. Single. Time. I buy fresh fruit at Costco, I end up regretting the purchase. Even if we’re having a barbecue or family is coming to town, it seems like half of whatever I buy goes to waste. Simply put, we never eat nearly as much as I think we’ll eat, but because I’m afraid we’ll run out of food, I overbuy. I am constantly filling bags with fruits and vegetables and handing them off to people like party favors as they walk out the front door.

Unless I had a herd of children or was into canning fruit, fresh fruit from Costco is a hard no for me. There are plenty of ways to buy smaller quantities of fresh fruit at a good price.

3. Freshpet dog food

For over a year, my dogs have eaten Freshpet. It’s that pet food you find in small refrigerators at Walmart, Target, PetSmart, grocery stores, and other retailers. Since my dogs seem to believe it’s human food, they’re “willing” to eat it (I’m telling you, these are two finicky pups).

I was pretty excited to learn that Costco was carrying Freshpet. In fact, I made a special trip to pick up a bag or two. Here’s my problem: The price is not low enough to justify a special trip. Since I normally order groceries from a store about one mile from my home, and because they’re happy to deliver Freshpet along with my grocery order, I’m money and time ahead buying it from them. Pets are expensive enough without adding another expense.

Even as I write this, I can hear my mother’s voice in my head saying, “Different strokes for different folks.” Even if your choices for best and worst from Costco are entirely different, it’s nice to have the options we have.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Dana George has positions in Target and Walmart. The Motley Fool has positions in and recommends Costco Wholesale, Target, and Walmart. The Motley Fool has a disclosure policy.

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The 5 Best Deals at Costco for Under $100

By Money Management No Comments

If you have $100, Costco has plenty of ways for you to spend it. Check out this month’s best deals under $100. 

Image source: Getty Images

It’s no secret that Costco can give you the best bang for your buck — or your Benjamin. Every month, the warehouse runs promotions, deals, and ongoing savings that can give you more value for your $100. Some promotions are pretty terrible or are already out of season — like these garden beds for $99.99 — but others are surprisingly good. Let’s look at five Costco deals that have recently caught my eye.

1. Gift cards

Costco gift cards are probably my favorite deal. Many of Costco’s gift card packages are valued at $100, but will sell for 10% to 30% below that price. To give you an idea of its variety, here are a few gift card packages you can buy on its website:

Gift Card Retailer Value Price Macaroni Grill $100 $69.99 Topgolf $100 $79.99 Jiffy Lube $100 $74.99 Peet’s Coffee $100 $79.99 Spafinder $100 $79.99 Main Event $150 $99.99
Data source: Costco.com

You might even find better deals at your local Costco warehouse. For instance, I found Miller Paint gift cards at my local store ($100 of value for $69.99), which impressed me given that paint is pretty expensive. This deal likely won’t be found everywhere — Miller Paint is a Portland-based paint company — but you might find other local businesses offering good deals at your store.

2. Belkin wireless 3-in-1 electronics charger

This one definitely had my attention. This is a Belkin 3-in-1 wireless charger. It can hold your phone in one arm, your smartwatch in the other, and still charge another device at its base. Most retailers are selling this Belkin wireless charger stand between $130 to $150. Costco is currently selling it for $84.99. That’s a savings of $45 to $65.

3. College football tickets

Another incredible deal, Costco sells pairs of college football tickets for super affordable prices.

It doesn’t sell tickets for every university and, where it does, it will limit members to a certain number of tickets (like 5 vouchers or 10 tickets total). But from what I can tell, the savings can be between $40 and $50.

Here’s a random samplings of three college football tickets that Costco sells:

College Football Team Seating Retail Price (when purchased in advance from the college) Costco Price Membership Limit University of Memphis Lower Level Chairback $140 $99 5 vouchers (10 tickets) University of Washington Lower Level Corner $320 $94.99 5 vouchers (10 tickets) University of Maryland Upper Level $50 to $180 $69.99 (+$20 food/beverage credit) 5 vouchers (10 tickets)
Data source: Merchants’ websites

4. Halloween costumes for kids

Costco’s Halloween costumes are ridiculously cheap — and pretty adorable. It sells a variety of Teetot full costumes, ranging from ninjas to dinosaurs to fairies and astronauts and Disney princesses. Most of its costumes are below $35, so if you’re shopping for two, you can still keep your Costco deal under $100.

5. Gourmia air fryer

This Gourmia 7-quart digital air fryer is selling on Costco’s website for $47.99, but you’ll likely find it cheaper in-store. In fact, I bought this air fryer back in May for $39.99 (regular price of $49.99, plus a $10 discount). For perspective, this same air fryer is selling on Amazon for $109.99 — and that’s with a 13% discount!

These are just a few of my favorite Costco deals under $100. They won’t all be the best decision for your personal finances, but if you’re already budgeting for them, they can sweeten the purchase with a little savings.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon.com and Costco Wholesale. The Motley Fool has a disclosure policy.

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