
12 of the best personal finance podcasts of 2022
Podcasts are a convenient way for savers to boost their personal finance knowledge.
You need to understand what comparable value means. Here’s what to know.
Comparable value is the dollar amount that the seller or retailer considers property or merchandise to be worth. This is a highly subjective amount and doesn’t mean that the item has or ever will sell at that price. All in all, this is a comparatively unscientific process and shouldn’t worry anyone who is a buyer or shopper.
A retailer is planning an advertisement and assigns an item as having a comparable value, or retail value, of a specific dollar amount. This is usually factored in two ways:
Still, the amount assigned is often the largest sum at which the item is being sold in an area. This enables the seller to charge the consumer a smaller amount under the guise of offering savings.
Comparable value is also used when appraising real estate. When a seller is pricing his or her house, he or she should determine its comparable value.
For example, if the Smiths are selling a two-bedroom, one-bath home on two acres, they should determine the value of other residences in their neighborhood with two bedrooms and one bathroom on two acres to figure the comparable value of the property. This helps to set the asking price and to ensure that it’s realistic for the area.
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Taylor is shopping for a recliner and sees this sign in the store on a recliner he likes: “Retail Value — $749.00, Our Price — $499.00.” The price of $749.00 is the comparable value and $499.00 is the price that the seller is offering.
In this example, the comparable value is based on one of two concepts. Either several other merchants in the same area are charging $749.00 for a similar model, or the price for similar models in the area ranges from $599.00 to $900.00, with $749.00 being the average cost.
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Podcasts are a convenient way for savers to boost their personal finance knowledge.
These 10 money-themed books can help you improve your finances.
There are many ways scammers can steal identities and use them for gain, usually of a financial nature.
A significant portion of Americans experience financial worries.
Identity theft is a term that covers a variety of crimes in which someone steals another person’s personal information.
Look for a plan with a reputable provider that offers services that make you feel confident.
If you discover the breach early and act without delay, you could minimize the damage.
Here’s a breakdown of where identity theft occurs most often, according to FTC data.
Stay alert and don’t think identity theft can’t happen to you.