Extended Warranties: Are They Worth It?

With the 2008 Holiday buying season now behind us, you may still have 30 days to go back and purchase the extended warranty for items you either bought for Christmas, or someone gave you. But are these extended warranties worth it? Money Editor Stacy Johnson explains why they aren’t. (Video runs 1:30)…

Do you normally buy extended warranties on items? Do you have a personal "rule of thumb" for when to purchase an extended warranty versus when not to? We’d love to hear your comments on this. Just use the comment link below and tell us, "Do you think extended warranties are a good investment, or a rip-off?" (Your email address will never be published here with your comments).