Published On: Mar 21 2014 04:25:02 PM EDTUpdated On: Mar 24 2014 02:00:00 AM EDT
Dying technologies aren't the only unnecessary drain on our wallets. MarketWatch lists the following 10 items to avoid buying in 2014:
10. Digital cameras
Demand for point-and-shoot digital cameras is sunsetting. Consumers who want high-quality photos are opting for the larger, DSLR cameras. Others prefer to stick with one gadget, like their smartphone, to take pictures.
9. Credit cards with points or miles programs
Many of these cards are devaluing their rewards programs by requiring cardholders to spend more to get the same "free award" they could have gotten with fewer points previously. Many also come with annual fees. Consider a card with a "cash-back" program instead.
8. Extra legroom in economy
It's become common for airlines to charge extra for roomier seats in coach. But for a similar $100 or $200, travelers can get upgraded to business class where the seats are more comfortable and the service better.
7. Laptop and desktop computers
Sales data shows that PCs are starting to fall out of favor worldwide. Tablets perform many of the same functions and are made to use while on the go. They're also usually cheaper.
6. Two-year phone contracts
Two-year phone contracts are starting to be more hassle than they're worth. No-contract providers sell phones at full price, but with much lower monthly payments. Most wireless providers offer this option, as do MetroPCS, Best Buy and Walmart.
5. Hotel rooms
As demand for hotel rooms rise, so do the prices. A cheaper alternative are rental homes or apartments, some of which even offer free airport pickups and drop-offs.
4. DVD and Blu-ray players
DVD sales and rentals are down, as are sales of DVD and Blu-ray players. Instead, experts say consumers are increasingly turning to movies from streaming services like Hulu and Netflix.
3. GPS unit
Demand for these gadgets is plummeting with the rise of free map apps on most smartphones. Many new cars also come with built-in navigation systems.
2. Landline phone services
Roughly 90 million adults -- or 38 percent of the U.S. population -- are now wireless-only, compared to 21 percent in the first half of 2009. The landline is going the way of the dinosaur, and ditching it also allows households to shed a monthly bill.
1. Cable TV
The heyday of cable TV is over, with many consumers opting for lower-cost streaming services like Hulu and Netflix, MarketWatch says.