The 25 Biggest Ways You Are Being Ripped Off

Posted by on February 15, 2012

As much as it stinks to admit, even the best of us get taken advantage of from time to time. While in most cases there is not much you can do about it except fume and blame the system, as a consumer the best thing you can do for yourself is stay informed. Shop around, ask questions, and be a sceptic because these are the 25 biggest ways you are being ripped off.


20

Printer Ink

It’s a classic marketing scheme that you’ll see on this list at least a couple times. You sell one product (like a printer) at a bargain price, essentially losing money and then you turn around and sell everything else that you need to use that product at a significant markup. In the case of printer ink, just make sure you shop around.

19

Razor Blades

Just like with printer ink, razors are marked up sometimes at nearly 5,000% for very similar reasons. Costing the manufacturers only pennies to produce they are often sold to consumers for several dollars.



18

“Free” Credit Reports

Evidently most people don’t know that the government requires consumers to be allowed one free credit check per year, which may be the reason these “free credit report” websites are offering their free service…that is already free. Why would they do that? To snag customers on their monthly subscriptions.

17

Hotel Mini-Bars

Like restaurants, hotel owners understand the human psyche. They know that after a long day of traveling/vacationing people will not want to leave the hotel to go find a snack late at night and a 1,300% markup won’t look so unappealing.



16

Electronics Warranties

In almost every scenario the price of repairing the electronics is the same as the price of the warranty you are buying and it hardly makes sense to buy something of that sort when you may never need to buy it all.