*You won’t believe some of the things on this list that have become obsolete. Seems like just yesterday we felt we needed a land line in addition to our cellphone. Didn’t we just buy that DVD and Blu-ray player? And hold up, they’re telling us we no longer need cable?
OK, maybe we saw some of this coming, but chances are, there’s going to be things on this list that’s going to take many of us by surprise. Hold on to your wallet (Oops, is it on the list), this is likely to get ugly.
MSN Money gives us the lowdown on 10 Things Not to Buy in 2014, and they give us the stats on why. Here’s five of them. But the experts don’t stop there, they provide alternatives on how to spend your money instead (and even save money in some cases!):
Cable television’s heyday is over. Subscribers have been declining since 2004, and analysts say there’s no end in sight. Roughly 54.8 million households currently pay for cable TV, down 3.3 percent from 2012 and down 17.6 percent from a decade prior, according to research firm IHS. Cable companies are expected to shed roughly 1.3 million subscribers in 2014.
Fewer households are holding on to their landlines. Two in every five U.S. homes had wireless phones only during the first half of the year, up slightly from the first half of 2012, according to data released this month by the Centers for Disease Control and Prevention. The number has been rising over the past decade: Roughly 90 million adults, or 38 percent of the population, are now wireless-only, versus 21 percent during the first half of 2009 — and fewer than 3 percent during the first half of 2003.
As more travelers book vacations, demand for hotels is rising and so are room rates. The daily rate at U.S. hotels averages $110.59 this year, up 4.1% from 2012 and up 12.6% from 2010, according to professional-services firm PricewaterhouseCoopers. The average price is expected to rise to $115.68 in 2014.
2-year phone contracts
Consumers are encountering more setbacks than benefits with two-year cellphone contracts. There’s no way to change phones within this period of time without incurring a fee. And there’s the fine print many of these plans come with that result in consumers paying more than the starting monthly price they’re quoted in the store.
Desktop and laptop computers
There’s little reason to buy a desktop or laptop computer anymore. Tablets perform the same functions — playing music, sharing photos, Web surfing — that most consumers use PCs for and they’re made to use while on the go. They can also be a lot cheaper. For instance, Apple’s iMac’s start at $1,299 and MacBook laptops start at $999 while iPads start at $299.
Articles continues here.