Price Comparison: Selling My Old iPod Touch Online and In-Store

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My parents gave me a very generous present of an iPod Touch for Christmas 2009. It came in very handy while traveling and at the gym, but then I got an iPhone (business expense!) and stopped using the iPod. It felt tacky to sell, so I waited. Finally, with all the talk about selling “old” iPhones right now, I figured it was time to sell (and use the money to help pay for a plane ticket for a grandparental visit, of course). I didn’t want to mess with Craigslist or eBay, as right now I just want it done quick and easy. There were a lot more options out there than I thought!

Details and condition: Apple iPod Touch (3rd gen, 64 GB). I don’t believe she paid the original retail price of $399, but it was at least in the mid $300s. Fully functional with original box, charging cable, and headphones. The screen is still smooth as glass and unscratched, but the metallic backside has many small scratches.

Real World / In-Person

Here are the options I found if you prefer to walk into a physical store and sell your electronics.

Vendor Offer Price Details
Best Buy $87.54 Store-credit only
Radio Shack $75 Store-credit only
Gamestop $54.40 Cash value quoted. Get 25% more as store credit ($68)

Online / Mailing it in

With these websites, you get a quote and then mail in your gadget using a prepaid shipping label. Once they inspect and verify, they will send you payment via gift certificate, check, or PayPal. There is the added risk of loss during transit, or a rejection if they disagree on condition, but most of them will ship it back for free.

Vendor Offer Price Details
Amazon Trade-in $108.75 Amazon.com credit only
eBay Instant Sale $81 Paypal only
NextWorth $80 Paypal, Target gift card, or check
Gazelle $69 Cash quoted via Paypal or check. Get 5% extra with Amazon gift certificate
BuyMyTronics $63 Check or PayPal

The wide range of prices shows that you should definitely compare prices when selling this way. That was surprising, considering Apple products are nearly commodities now. I shop at Amazon.com regularly and value Amazon.com credit at least at 95 cents on the dollar, so I went with them. The Amazon brand backing helped as well. I probably could have gotten more if I listed on eBay (remember to account for eBay and Paypal fees), but I went ahead and printed out the prepaid UPS label and dropped it off at the nearest UPS store. I’ll update this post if I have any issues with the sellback. Please share your own experiences in the comments.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Save More vs. Earn More: A Dollar Saved Is Two Dollars Earned

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Earn more. Save more. Those are the two ways to get out of debt and build wealth. I’m a big proponent of doing both, but for many people it may be easier to cut back on some luxuries rather than land a higher-paying job, start a side business, or become an investing wizard. It’s also more effective due to marginal tax rates. Let’s say you are single resident of California and your (taxable) gross income is $50,000 a year.

If you were to go out and earn another dollar as an employee, here’s how that additional $1 would get broken down:

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You’d only keep 58 cents. On top of that, a lot of extra or freelance work is done as an independent contractor. That means you’re self-employed and get the happy task of paying another 7.65% of payroll taxes (the employer share), which brings your total tax hit to 49.6%! So in order to keep $1 in your pocket, you’d have to get someone to pay you $1.99. In that case, your choice becomes:

altext

This relationship helps me visualize the power of spending less. Now when you save $1, you can feel good knowing that you’d have to have earned $2 of income to equal that. But on the flip side, when I get a check from a side project for $500, I know I’ll only keep $250 of it. 🙁

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My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Library Elf – Free Alerts To Prevent Overdue Library Books

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Library Elf is a third-party website worth checking out that helps you keep track of library books that are due soon, overdue, and ready for pickup. Their free service offers basic e-mail reminders on borrowed items that are either due soon or overdue for a single library card.

Their premium service features text message alerts, alerts for holds that are ready for pickup, and the ability link up multiple library cards (handy for families) for a $20 annual fee. New users get a free trial. If you’re really lucky your local library might be listed as a subscriber, meaning they’ve paid a bulk fee so that all of their patrons get premium service for free.

If you really want to manage multiple cards with basic alerts while still avoiding the annual fee, there is a simple workaround. Simply sign up each person’s card with a unique e-mail address (don’t all kids have their own e-mails now?), and then make a filter to forward the Elf e-mails to your primary desired e-mail. Even simpler, if you use Gmail you can use “name@gmail.com” and “name+whatever@gmail.com” to sign up for separate accounts, but all incoming e-mail will end up at the same place.

I love my local library, but their online library software leaves a lot to be desired. Hold notices still arrive only by snail-mail which I think is wasteful since they could just use e-mail. Until a few months ago, I had to call in to renew any titles; finally at least I can do that online. I only get overdue notices if I’m already late by over a week. I guess I’m just frustrated because I know that this type of thing is not very difficult to program and implement. I know that returning late library books are my responsibility, but a better system would prevent overdue books overall and thus improve book availability for everyone.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Flightfox – Complicated Flight Booking Without a Travel Agent

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Passenger air travel must have one of the most complicated, opaque pricing systems known to man. The price of a ticket depends on date of travel, date of booking, time of arrival, time of departure, one-way or roundtrip, how many seats are left, the price of oil, and who knows what else. I mean, this is an industry that overbooks on purpose because they gamble on how many people will miss their flight, and will start to charge for restroom access by the second any day now.

Sites like Travelocity and Expedia have made buying your own airfare much more simple, but if you’ve every tried to make a complicated booking with an extended layover, open jaw, multiple cities, or international transfers it’s still quite a maze. In the old days you’d ask a travel agent and hope they were good, but now you can ask the crowd at Flightfox.com. Thanks to reader Mike for the tip.

Simply enter your trip details and offer a bounty ($19 minimum) for the best flight booking in your own opinion. In addition to a low price, you may prefer a certain airline, have a lot of baggage, require no stopovers, or be willing to endure extra stopovers if it saves money. Ideally you’d choose the best option, pay the bounty, and walk away with a better result than you’d have gotten otherwise. If you don’t like any of the options, you owe nothing.

If you’re already a savvy frequent flier, then you can sign up and earn money as a Flight Expert deal finder. Flightfox takes 25% of the fee and you keep 75%. According to Techcrunch, about 5-10% are indeed moonlighting travel agents, and the rest are just well-versed travelers.

I definitely plan on trying this the next time I have a multi-city trip. Anyone use it yet?

Update: About to fly? Get 25% off Flightfox with this link!

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Half-Off Movie Night: 2-For-1 Tickets with Visa Signature

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Every Friday this summer from now until August 17th, you can get 2-for-1 movie tickets from Fandango.com if you have a Visa Signature card and use it to buy the tickets. You can also get $5 off $25 in Fandango Bucks gift cards which can be used any day of the week and are instantly redeemable online.

Tickets must be purchased on a Friday for a Friday show time. Limit 1 movie ticket per Visa Signature card purchase, per 30 day period following the date of a purchase in connection with this offer.

Check out your credit cards, you may be surprised to have one and not know it. If you’ve gone after some of the juicy $500+ sign-up bonuses this year, you probably have one of these cards.

If you are a member of AMC Stubs, you can get the Fandango service fee waived as well at those theaters (membership costs $12 a year).

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Otixo: Combine and Manage Free Cloud Storage

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

There are lots of places to backup your files online – Dropbox, Box.net, Microsoft SkyDrive, Google Drive, SugarSync, and Picasa all give out free cloud storage on the order of 5 gigabytes (often more with various promos). If you’re like me and wish you could combine all those free buckets together into one, you should check out a new service at Otixo.com that lets you manage multiple cloud services with just one login. Hat tip CNN Money.

Otixo links up with each service and makes it easy to organize and view all your files across various platforms. You can even transfer files directly between services. The free version of Otixo promises 2 GB of free bandwidth (not storage) per month forever. Upgrading to unlimited bandwidth costs $10 a month. Personally, I intend to use Otixo to track the long-term archival of pictures and documents across lesser-used services, and keeping my precious Dropbox space for real-time automated backups. This way, I can keep everything backed up safely – even in case of a house fire or burglary – without adding another monthly expense.

If you sign up through a referral link (that’s mine), both the referred and referring person gets an additional 100 MB of bandwidth (up to 4.9 GB max). Refer your family and friends for more bandwidth.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Stretch Your Cell Phone Plan With Vonage Mobile App (Review)

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Vonage Mobile is an Android/iPhone app that now allows you to make free outgoing phone calls over WiFi/3G/4G to landline and mobile telephone numbers in the US, Canada, and Puerto Rico. Limited time offer with no stated end date, up to 3,000 minutes per month. You do not need to be a Vonage VoIP customer to use the app.

In addition, you can make free calls to anyone else in the world with the app. Think Skype, but it uses your phone’s existing contact list. You must link the app to an existing cell phone number, and when it makes calls it will show that number in the caller ID. I’ve used the app and the voice quality is good over WiFi. Should even work with iPod Touch or iPad if you have a Bluetooth headset. Hat tip to GudSpellur of FW.

Here are some ways that I can imagine the app saving people money as opposed to paying for an “unlimited everything” plan.

Cell Phone Only, Limited Minutes
If you’ve ditched the landline and are a cell-phone-only household with limited minutes, you can use this app over WiFi to make outgoing calls that won’t count against minutes. The people you call will never know the difference. If you do get your friends to install the Vonage app, both sides can make app-to-app calls for free using your existing address book (still uses data plan or WiFi).

Basic Prepaid Plans
If you have one of these plans that offer basic prepaid service for under $10 a month, then you can use this plan to make more calls without using minutes when in range of WiFi (home, work, cafe, Starbucks, McDonald’s, etc).

Unlimited Data, Limited Minutes
If have a plan like the $25/$30 Virgin Mobile Beyond Talk plan that offers unlimited data but only 300 mintues a month, you can use this app with the unlimited data to make additional voice calls.

Miser Mode 🙂
If you don’t want to pay for any recurring phone charges, you could link this up with a free Google Voice number and just make outgoing calls on an iPod Touch or cheap inactive smartphone. Incoming callers would just have to leave a message on Google Voice, and you’d call them back.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Babies R Us + Amazon.com Baby Registry Experience

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The baby shower is over and we’re on the home stretch. As a follow-up to my baby registry comparison, here’s our experience using both the Babies R Us and Amazon.com baby registries at the same time. We are blessed with lots of generous friends and family, and as a result have more stuff than we ever imagine a baby really needing! 😉 Baby Girl MMB isn’t even born and has more clothes than I do already.

Babies R Us (BRU) Baby Registry

We chose BRU since we have one of their big box locations nearby and it was best for people who wanted to buy something at a physical store.

Ease of use. We went to the store and used their “gun” to scan all the items we wanted, and then we could go online to edit the registry further. Overall, the process went smoothly. However, the only way to discover if someone bought an item off the registry is to check the website regularly. You don’t get any notification e-mails, and you don’t get told who bought the gift until it arrives.

Returns. If the item is on your baby registry, then they take it back for store credit without a receipt or questions. If the item is not on the registry, then a gift receipt is required. If you don’t have a gift receipt, then I believe you get credit for the lowest price on that item for the last 30 or 60 days. With items like clothing that goes on sale frequently, that can result in a greatly reduced refund.

(Tip: You can add things on the baby registry at any time. Since we were juggling two registries, to avoid duplicates we would have to delete things on the other registry. However, sometimes we weren’t fast enough or someone bought it without removing it from the registry. Therefore, we just made sure we added the item back onto the registry again before our BRU return run and that minimized any potential hassles.)

Completion Discount. We received the 10% off completion coupon in the snail mail as promised. It works on only one purchase, so make sure to bring a list of everything else you wanted. You can also use the 10% discount online the same day you used the physical coupon.

Amazon.com Baby Registry

We chose Amazon as it had lower prices, wider selection, and free shipping on most items.

Ease of use. Adding items to the registry was easy, but Amazon can be quirky as the default buying option isn’t always the cheapest after you factor in the free shipping. I noticed that some friends paid too much for shipping, even though we always looked for items “sold by Amazon.com”. They don’t offer notification e-mails either, but if you check online they do tell you who bought what. It’s even condensed into a handy “Thank You list”.

Returns. Even though they offer free prepaid shipping labels, we didn’t return anything to Amazon. Whenever we had a duplicate, we just returned the one from Babies R Us. However, looking back I think I might have preferred Amazon.com credit since we really have too much baby stuff.

Completion Discount. When you become eligible (30 days before event date), the 10% completion discount option shows up on your registry page. The fine print was pretty vague, but didn’t really list any specific restrictions. However, we discovered that even though you could add anything to the baby registry at any time, only items that were deemed baby-related were eligible for the 10% discount. So no 10% off Macbook Pros or power tools (I tried).

Baby showers and the baby gift-giving custom is a nice cultural tool to help expectant parents defer the cost of babies. Really, you can view it as a payment plan of sorts since instead of one big lump sum we just have to continue giving baby gifts for the rest of our lives. 🙂

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MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Lowe’s Iris: DIY Home Security System With No Monthly Monitoring Fee?

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Home improvement chain Lowe’s just announced a new “smart home” system called Iris where you can monitor and control your home through your smartphone or computer. The DIY system can be installed with just an ethernet broadband connection and a screwdriver.

You can either buy everything a la carte or via three bundles. The “Safe & Secure” kit includes the central hub, a motion sensor, keypad, and two door/window sensors for $179. The “Comfort & Control” kit includes the hub, a smart plug, and smart thermostat for $179. You can get both kits for $299 (includes range extender but only one hub). However, if your going to outfit an entire home, you’ll probably want to add some extra sensors. The good part is that the basic service has no monthly fee, while the premium service costs a flat $9.99 a month. Available online now, or in 500 stores by August.

The ability to turn lights on/off and your thermostat up/down remotely has always seemed a little bit overhyped to me, more an amusing feature than money-saving necessity. I see commercials about it, but I guess I just don’t think about light switches when I’m not at home. Otherwise, a simple programmable thermostat works well enough for me. I do like the idea of real-time power usage reporting though (here it requires a $150 meter reader).

Cheap Home Security?

Mostly, I was interested in the home security aspect of Iris because of the lack of monthly fees. Such monitoring fees can add up to hundreds of dollars every year and quickly make up the bulk of the system’s overall cost. I recently installed a somewhat similar Simplisafe system (review) that is also based on using various wireless sensors with 5-year lithium batteries (and costs $15 a month for monitoring). Is my investment outdated already?
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My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Lessons From Micro Units, Small Spaces, and Tiny Houses

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Last week, New York City mayor Bloomberg announced a design competition for new “micro-unit” apartments ranging from 275 to 300 square feet (press release). The goal is to address the increasing demand by smaller households, as the average rent for a studio in Manhattan is now $2,065 a month. Here’s a sample proposed layout:

I’ve always been intrigued by small spaces, from tiny homes that you could buy with P2P loan instead of a mortgage, to the capsule hotels of Tokyo. Even if you don’t live in such a place, I think everyone can still learn from them new ways to use their own space more efficiently.

Go vertical to maximize space.

The NY Post did a profile of a young couple who live in a 240 square-foot studio in Brooklyn Heights. The picture below pretty much includes the entire place, with the ladder leading up to their bedroom:

Just like bunk beds and college dorm design, raising a bed is often the easiest way to get more storage or desk space. This concept doesn’t just apply to beds though. Put new shelving and storage up higher – look for wall space above toilets, above sinks, above your bed headboard, above desks. In your garage or carport, store bicycles and more in the space above your cars.

Buy one thing, get rid of another.

The free gym at my last university was always quite crowded, leading to a “one out, one in” policy where you had to wait for a person to leave before you could enter (also used at nightclubs, or so I’ve heard.). If you want to avoid stuff overload, you should implement the same policy when buying new things. Throw away, donate, or sell. New pants in = old pants out. New toy in = old toy out.

Use creatively-designed furniture.

Raising beds can get tricky for those with physical handicaps. I’ve always like the idea of Murphy wall beds as an alternative, and am thinking of installing one in my current office to be an extra guest bedroom with this DIY kit. There are a lot of other cool multi-tasking furniture out there as well. Some can get pretty expensive, but it may be worth depending on the cost/square feet in your area.

Here’s a cool video from a previous post on Resource Furniture:

Here’s another video of an apartment in Hong Kong that uses sliding walls to transform one big room into either a bathroom, kitchen, living room, or a bedroom. Very innovative, and all in 32 square meters (~345 square feet).

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Start Your Own Micro-Business With Shared Coworking and Fabrication Spaces

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Do you dream of working for yourself instead of “The Man”? Indeed, early retirement and/or financial independence is often achieved by successful small business owners. In addition, any retirement plan will be more robust if you can earn some extra money on your own as needed. As such, I definitely support the growth of freelancers doing their own thing. However, you may hit roadblocks like loneliness, distractions at home, or lack of resources.

The good news is that there are a growing number of places for those with the entrepreneurial spirit to share and collaborate with others for mutual gain. Live in a studio apartment? No problem.

  1. Coworking, or shared working environments. These are basically large community office spaces where you can get a desk, couches, and fast internet connection so you can work around others doing the same thing. No more coffee shops! They tend to be informal, where you can work alone or network/chat with others. It can also serve as a very cheap office where you can hold meetings with clients, or places to meet up in strange cities. You can usually just search for “coworking [your city]” but here is a directory.
  2. Techshops / Cooperative Fabrication Shops. Are you thinking of selling something physical, like iPhone cases, custom skateboards, crafts on Etsy, or wood furniture? Wouldn’t it be great if you had your own CNC machine, commercial-grade sewing machines, or professional woodworking equipment? Techshops are a growing chain of membership-based workshops that provide quality tools and equipment that most individuals don’t have access to. You’ll also find classes and lots of knowledgeable people willing to help you learn to use the machines. Not too shabby for as little as $99 a month.

    Besides Techshop, you may find independent locations like Knowhow Shop LA or Maker Place in San Diego. Many more are trying to start themselves up and looking for members.

  3. Fab Labs. These are “digital fabrication facilities”, initially started at MIT but now found around the world, where you can make higher-tech finished products using 3-D milling machines for circuit boards and laser cutters for press-fit construction of parts. (Directory)
  4. Tool Lending Libraries. If your needs are more modest, see if your community has a tool library where you can borrow tools. You can find landscaping gear, table saws, power tools, etc. (Directory)

Most of these places have membership fees, but they are usually flexible to account for the regular or occasional user. Look into them and you may be surprised at what is available near you. Even if you’re just a frugal person that likes to DIY, these are also great places for makers and tinkerers.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.


Which Fuel-Efficient Cars Are Worth The Extra Money?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Recently, the NY Times had an article about how many models of fuel-efficient cars may take years to justify the extra cost. Here’s a graphic from the article with data from TrueCar:

(I note that the NY Times compares the Prius with the Camry. I still think the Corolla is closer in size. You can see from this side-by-side comparison that in terms of length, width, interior passenger volume, shoulder room, and leg room, the Prius is closer to the Corolla than Camry. Also, does the Lincoln MKZ hybrid really only cost $1,400 more than the regular model and is 15+ mpg better??)

Consumer Reports also had a similar article which discussed how the ultra-efficient “40 mpg” models which were upgrades to the normal versions. The Ford Focus SFE, Honda Civic HF, and Chevrolet Cruze Eco all cost between $495 and $800 more, but the breakeven time when using real-life mpg varied widely between 3 and 38 years.
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My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.