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Money Management

The Most Secure Kinds of Door Locks

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 Here are the essential tips to know about this key line of defense for protecting your home. Andrey_Popov / Shutterstock.com

Editor’s Note: This story originally appeared on LawnStarter. Almost 3 million homes in the U.S. are burglarized in any given year, and the bad guys are not always as stealthy as you might think. Frequently, they simply enter through a door with a substandard lock. To be honest, few homes are burglar-proof. A determined thief with time on his hands will find a way. But a good door lock is at least…

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3 Pros and Cons to Buying an Annual Theme Park Pass

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Thinking of paying for an annual theme park pass? Read on to see when that is — and isn’t — a good idea. 

Image source: Getty Images

If you have kids, or if you’re someone who enjoys rides and attractions, then you may be tempted to buy an annual pass to a theme park in your area. Doing so could end up being a good idea, but it might backfire on you. Here are a few pros and cons to buying an annual theme park pass.

Pro No. 1: After a few visits, your pass might pay for itself

A few years ago, my kids were invited to join their friends for a day at Six Flags Great Adventure, a theme park that’s about 40 minutes away from my home in New Jersey. When I looked at the cost of a daily ticket, I balked. But then I realized that if we were to buy annual passes, they would pay for themselves in a few visits.

Right now, a daily ticket to Great Adventure costs $40, and you have to pay for parking on top of that. An annual pass, meanwhile, is $90, and it includes free parking whenever you visit. So by your third visit, your annual pass has paid for itself.

Meanwhile, I believe my family visited Great Adventure eight times last year. That means we paid roughly $11 per person for each individual visit, which really isn’t bad.

Pro No. 2: You might snag a discount on parking and food

Although this won’t always be the case, sometimes, an annual pass to a theme park will give you discounts on parking and food. Now I make a point not to buy my kids food when we’re at Great Adventure — namely because it’s expensive, and also, because cheese fries and roller coasters don’t tend to mix well. But I definitely enjoy not having to pay for parking every time I visit.

Pro No. 3: You can go without the pressure of having to stay all day

Because our Great Adventure passes are paid for, and the park is only about a 40-minute drive away, we’ll sometimes go there for half a day or even just a couple of hours to get some fun rides in when we can. And we don’t feel bad about not spending the entire day at the park because we’re not shelling out $200 a day for the five of us to visit, which would be the case if we were to buy individual daily tickets.

Con No. 1: You have to shell out the money upfront

As a family of five, it costs $450 to buy our annual passes to Great Adventure. That’s a pretty hefty credit card charge to rack up at once.

Thankfully, we have extra money in our savings account so if we needed to, we could dip in to pay for those passes as a one-time expense. But before you buy season passes for your family, make sure you can afford to pay for them. You don’t want to rack up debt in the course of buying them.

Con No. 2: You may not get your money’s worth

While my family and I made it over to Great Adventure a number of times in 2022, I don’t know how many times we’ll manage to visit in 2023. So far, we’ve only visited once — though to be fair, the park doesn’t open until April, and its hours are pretty limited until June.

You might think you’ll visit your local theme park dozens of times during the year, thereby getting your money’s worth out of a season pass. But remember, if your kids go to summer camp during the week while you work, and you tend to be busy with weekend activities during the school year, then you may not get there as often as expected.

Con No. 3: You might feel pressured to go when it’s not convenient

We’ve never gone out of our way to visit Great Adventure just to get our money’s worth. But I know a few people who, over the summer, had to practically force their kids to visit once a week so they felt justified in buying their passes. Meanwhile, their kids didn’t particularly want to go once a week when the weather was hot and they’d been there so recently.

If you buy an annual theme park pass, you, too, might feel pressured to get your money’s worth. That could make it so you end up turning what should be a fun experience into a less pleasant one.

All told, buying an annual theme park pass could work out well. But think carefully before making that financial commitment. And also, you may want to stick to a theme park that’s a reasonable distance away. If you buy annual passes to a theme park that’s 30 minutes away, you’re more likely to get good use out of them than with a park that’s a solid 90-minute drive in each direction.

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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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37% of Workers With a 401(k) Have Made This Questionable Move

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 Many financial advisers frown on this type of decision. fizkes / Shutterstock.com

More than one-third of workers with 401(k) plans admit to taking money early from the account, according to a recent survey from the Transamerica Center for Retirement Studies. One of the perks of having a 401(k) plan is that you can tap the funds in times of need. These retirement savings plans offer a few ways that you can get quick access to cash: As it turns out, more than one-third of those…

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How to Prepare for an Emergency in 10 Steps

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 Preparing now for an evacuation helps you act quickly when danger threatens. rck_953 / Shutterstock.com

As severe weather events such as floods and wildfires grow more common, it’s all the more important to have an emergency plan in place for evacuating your home. Advance planning gives you peace of mind. When you’re prepared, you won’t forget to pack essential items, and you can avoid a last-minute dash for the car, unsure whether you have what you need. These steps will help you prepare for such…

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12 ‘Course Corrections’ That Will Improve Your Retirement

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 More than half of retirees say these changes made life better. Lucigerma / Shutterstock.com

If you find yourself adrift during retirement, a little course correction can make a world of difference. Recently, Age Wave and Edward Jones surveyed thousands of retirees and asked them which course corrections they had taken to boost the quality of their post-work years. Edward Jones defines a course correction as follows: More than 50% of the retirees who made the following course corrections…

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You’re Making a Big Mistake if You Haven’t Tried This Sam’s Club Feature

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If you’re a Sam’s Club member, you want to make sure you get your money’s worth. Find out what free service all members should use at least once. 

Image source: Getty Images

A Costco or Sam’s Club membership can unlock significant savings for many households. Buying household essentials and groceries in bulk can be an excellent way to save money on living expenses. If you’re a Sam’s Club member, you may be missing out on a useful feature called Scan & Go. This tool can be a lifesaver for those who don’t like waiting in long lines. Here’s how Scan & Go could improve your Sam’s Club shopping experience.

Scan & Go can save you time

Instead of loading up their carts and heading to wait to pay in the checkout line, Sam’s Club members can use the Scan & Go tool. This free feature is available to all members and is built into the Sam’s Club mobile app.

Here’s how it works: You’ll scan each item’s barcode as you shop and then pay for your order through the app. Credit cards, Sam’s Cash, and EBT are accepted as payment. This mobile payment solution allows you to skip the regular checkout line. After you pay, you’ll receive a digital receipt to show a staff member before exiting the club.

When life gets busy, and you need to load up on essentials as quickly as possible, tools like this can get you in and out the door faster. If you’re typically crunched for time when you shop and have yet to use this tool, you may want to try it the next time you shop at Sam’s Club.

Scan & Go can save you money

In addition to saving time, Scan & Go can save you money. As you stroll the aisles at your local club, you may notice some items marked with a yellow Scan & Go Offer sign. Items with these signs are discounted. The discounted price is only available to Scan & Go shoppers. You may want to avoid the checkout line and instead use Scan & Go to ensure you get the best price.

These special deals are only available to members who shop in-store. To help you make your shopping list, you can view current Scan & Go offers on the Sam’s Club website or mobile app. Any opportunity to save money while shopping can improve your personal finances, so don’t miss out on this convenient free service.

Four tips to keep your spending in check as you shop

Whether you do most of your shopping at Sam’s Club or your local grocery store, you may be looking for ways to keep your spending in check. It’s possible to stay on budget as you shop so you don’t drain your checking account. The following tips may help you avoid overspending:

Don’t shop without a list: If you head to the store without a list, you may be tempted to buy items you don’t need. A grocery list can help you avoid overspending and save time.Pay attention to what’s on sale: It can be easy to overpay if you frequently load non-sale items into your cart. Reviewing the current sales flier before you head to the store and shopping for sale items can help you reduce your grocery bill total.Buy store-brand items: Purchasing store-brand items can save you money. Many generic products are cheaper than popular name-brand items. If you regularly buy generic products, the savings could add up.Shop your cupboard first: Before you go to the store, assess your fridge and cupboards. You may be able to make a few more meals by using the ingredients you already have. Using what you already have can reduce shopping trips and grocery spending costs.

Save 50% on a Sam’s Club membership

You may want to consider joining Sam’s Club if you’re not yet a member. Check to see if there is a club near your home. The warehouse club is currently offering a discount on memberships. You can save 50% and become a member for $25 instead of $50 if you join by July 31, 2023.

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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.Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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