When I was younger, I remember Consumer Reports was the authority on reviews of household appliances, cars, and all the other major purchases in our lives. In the ensuing decade, where I stopped paying attention (known as high school and college), they’ve expanded to include reviews on basically everything. Today I read an article that is the epitome of what Consumer Reports is about – an article on “Financial Products That Are a Waste of Money.” (They also bought one of my favorite sites, The Consumerist, which I think is absolutely awesome)
So I’m going to share with you what I do anytime I read an article like this: I go down the list and compare it with what I’m doing (these are not recommendations for what you should do, just an illustration of what I do).
(Click to continue reading…)