We all love free stuff, but sometimes, our brilliant money-saving plan backfires and we end up paying more for things we actually thought were free.
Here are 3 examples.
True story: I recently got excited about a popular workout app which promises one that with a bit of hard work (it’s very hard work!), you’ll be rewarded with a “beach body”.
So I signed up for the 7-day free trial. I did it – for three days, and took the other four to recover (that’s what happens when a couch potato tries to achieve a beach bod). By the time I recovered and was raring to go again, it was Day 10 (has it been? Could it?), and I’m S$29.98 poorer as iTunes informs me via email. Ouch.
NEXT: Online shopping returns →
Many online shopping websites offer a great return policy: If you didn’t like what you bought, it’s a no-questions-asked full refund. Sounds perfect, right?
Well, here is the issue: They don’t tell you the “return-by” date of the item until when you initiate a return. I learned it the hard way and missed the return-by window.
Some generous websites even give you as long as 365 days to return your items. Sounds too good to be true? It is. The more time we have, the more time we take. Before you know it, day 366 rolls around.
NEXT: Credit card welcome offers →
When you apply for a credit card, banks usually offer a one-year annual fee waiver, as well as freebies.
But again, here’s the thing with freebies: they often come with a cost. The freebies might require you to spend several thousand dollars on the card in one month, and pay for the annual fee.
So don’t get too bedazzled by exciting welcome offers. Ask a lot of questions about what you need to do to claim it before signing up for the card. See if there are ways out of paying the annual fee.
NEXT: Apps →
By Alexa Fang, SingSaver, October 2016