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Personal Finance Round-Up: Do Price Increases Really Matter?

By Money Crashers

price increase business arrowCrisis after crisis seems to be the trend this year in financial news. We’ve had our problems here in the United States, and now the Eurozone and Greece are wading through troubled waters. What all this financial turmoil means for us is that inflation will be taking hold sooner or later.

In fact, there are already signs of inflation in the digital services arena with Netflix raising its prices, and now Redbox. People flipped out over the increased costs and Netflix lost nearly 1 million members in a short span of time.

But is it really that big of a deal? The price increases are not that significant and it seems like people are more upset that the prices were raised at all, rather than by how much they were raised. In the case with Redbox, a 20% increase is pretty significant, but 20% on a dollar is still just 20 cents more per rental.

Do you remember when you had to truck into a big box store, wait in a long line on Friday night, and then shell out $5 to rent a movie on VHS for 5 days when you knew you were only going to watch it once and return it the next day? It seems kind of silly to get so upset about a slight increase in a service that has made our lives so much easier. After all, the companies could easily charge twice what they do now and still compete with big box stores.

In this piece by Read Write Cloud titled Stop Whining About Netflix and Redbox Price Increases, the author writes about some of the problems that led to the price increases and some reasons why we really have nothing to complain about.

Here are some things no one will complain about, more great articles from around the web:

How to Get Royalty Checks Every Month [The Penny Hoarder]
Here’s an interesting look at buying royalty rights from others. Did you know that you can own shares in popular songs of history?

Are Safe Withdrawal Rates Really Safe? [Financial Mentor]
If you’re unfamiliar with safe withdrawal rates but plan on retiring someday, take a few minutes and read through this extensive piece.

Finding Financial Inspiration from a Baseball Manager [Richly Reasonable]
The traits of this successful sports figure can be directly translated to finance and business alike. Are you like this baseball manager in any way?

How I Got My $35 Overdraft Fee Reversed in Less Than a Minute [Faith and Finance]
Sometimes the resolution you really want is only a phone call away. Don’t let the barrier of actually having to ask stop you from getting what you want.

Is Proper English Dying? And Should Us Care? [Wall Street Journal Blog]
With electronic communication at the highest level in history, are we losing the ability to speak the English language at a level its founders would be proud of? What effects will that have on the future?

Are Twentysomethings Expecting Too Much? [Washingtonian]
Does the term “Entitlement Generation” mean anything to you? Do we all deserve more from our jobs just because, or should we lower our bar and earn it?

A (Slightly) Different Approach to Paying Down Debt [Dollarversity]
Step aside debt snowball. Here’s a tweak to paying down your debt that may help you get there in a better state.

Mental Health Month – Borderline Personality Disorder [Kylie Ofiu]
Mental health affects people and their families beyond anything else in this world. Even if you think you don’t know anyone with mental health issues, you’d be surprised and wise to learn more about mental health.

IttyBiz Confessional: What If I’m Not Awesome Enough? [IttyBiz]
In a world full of buzzwords like “epic” and “awesome,” how do we actually compete and build good businesses? Learn how here.

Education Costs vs. Salaries [Mango Grove]
Are expensive schools really worth the price tags they carry? How about higher education in general? This infographic tells the truth about degrees and salaries.

The Night Reveals the Truths of the Day [Unconventional Thinking Blog]
“Let’s shed some light on this”…or let’s not. Sometimes, deep dark reflection in the solitude of night will do wonders for your decision-making and direction.

(photo credit: Shutterstock)

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  • http://www.dqydj.net PKamp3

    Haha yeah – or wait in line, rent the movie, watch it once and return it late anyway? Convenience is a huge deal. I think a lot of people just got used to ‘free media’ in the age of Youtube and the memories of Napster still fresh…

  • Todd Tresidder

    Thanks for the mention…

    Very much appreciated!

  • http://www.mangomoney.com Mango Money

    Thanks for the share :)

  • http://dailymoneyshot.net Jana @ Daily Money Shot

    Thank you so much for including me in this!

  • http://dailymoneyshot.net Jana @ Daily Money Shot

    Thanks so much for including me!

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