What not to buy in 2014
According to marketwatch.com. More than a million people are expected to dump their cable service this year and you may want to consider this too. If you have an internet connection, you can stream cable shows, news programs, sports games and movies directly to your TV. You can save hundreds a year doing this.
If you still have a landline, consider cutting it off. Only two in five people still have them. With things like Skype, FaceTime, Magic Jack and more, you can connect with people for a fraction of the cost from telephone providers.
DVD and Blu-ray Players
These are two more things that are becoming obsolete. Instead, consumers are streaming movies from Hulu and Netflix. Gamers can also use their consoles, such as the Xbox One and PlayStation4, to watch DVDs.
You may want to skip the hotel when you're headed on vacation. Instead, reserve apartments or homes at a lower price with more space. Vacation rentals by owner and airbnb.com are two places to check out.
Credit cards With Points or Miles Programs
Many card issuers are devaluing their rewards programs by requiring cardholders to spend more in order to get the same "free award" they could have gotten previously with fewer points. What's more, many of these cards come with annual fees, ranging from $30 to $75.
Up until a few years ago, personal navigation systems were considered a must-have for most drivers, but the tides have turned. The need for this service still exists, but consumers can get it for a lot cheaper. Marketwatch.com reports that rather than paying $70 to $300 for a new GPS device, drivers can use map apps to get around. They're available on most smartphones or free to download.
Sales are expected to drop to just under 8 million next year. Consumers who want high-quality photos are opting for the larger, DSLR (digital single-lens reflex) cameras. Others prefer to stick with their smartphone, which also takes pictures. GoPro is another device you may want to consider over the standard, digital camera.
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