Ask Stacy: Are Extended Warranties Worth It?

Whether you're in a store or shopping online, it's hard to buy anything these days without receiving a pitch for an extended warranty or service plan. Should you bite? That depends.

Ask Stacy: Are Extended Warranties Worth It? Photo by /

Welcome to “Ask Stacy,” a new video feature on Most weekdays, I’ll answer a money question sent in by a reader or viewer. (Learn how to send in a question of your own below.)

Today’s question is about extended warranties and service plans. They’re available on everything from the smallest electronics to entire houses, and they’re often a high-pressure sale. Should you bite? Here’s what I think.

For more information on this topic, check out “Ask Stacy: Are Service Plans and Extended Warranties Worth It?

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The questions I’m likeliest to answer are those that will interest other readers. In other words, don’t ask for super-specific advice that applies only to you. And if I don’t get to your question, promise not to hate me. I do my best, but I get a lot more questions than I have time to answer.

About me

I founded in 1991. I’m a CPA, and have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Got any words of wisdom you can offer on this week’s question? Share your knowledge and experiences on our. And if you find the information useful, please share it!

Got more money questions? Browse lots more Ask Stacy answers here.

Stacy Johnson
Stacy Johnson
I'm the founder of and have spent the last 40+ years in the personal finance trenches. I'm a CPA, author of a few books and multiple Emmy recipient. I'm ... More


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