Michael Finney answers your consumer questions

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Fed up? Curious? Furious?! If you need help, just ask Michael Finney, your own consumer expert from 7 On Your Side!

7 On Your Side's Consumer expert Michael Finney answers your questions, every weekday on ABC7 Mornings. Submit your video questions and tune in at 6 a.m.

Question 1:
Seven-year-old Dominke from South San Francisco asked: If I save $10 a day for 11 years, will I have enough money to buy a car?

Answer:
You betcha! It's great you're already thinking about saving money for a car. But, they are expensive and it takes a long time to gather up all that money. If you save $10 dollars a day for a full year, you'll have more than $3,600. Now if you do that every single day for 11 years, you will have saved a little over $40,000. If you add in interest payments or stock market returns, you should be able to buy a pretty sweet ride when you turn 18. How about something like a nice SUV? Even a sport import.

Question 2:
Genevieve from Daly City asked: How do consumers go about returns for shoes? I purchased a pair and tried to return them, but the store said they were worn. I never wore them.

Answer:
This can be confusing to consumers, but in California, every store gets to set its own return policy. That's why you see some stores requiring receipts and others don't. You will need to check the store's return policy right now. If you lived up to them, then I want you to complain to the retailer. If that doesn't work, send a photo of the shoes to me here at the station and if you've followed the rules, I'll jump in and fight for you. If the shoes look pretty beat up, you're on your own.

Question 3:
Dave from San Francisco asked: I bought a bundle. I don't need the phone service. I'm now trying to get out of it. How do I do it?

Answer:
I've got some really bad news for you. You're probably not going to get out of it. Most bundled services include video, phone and internet. And even if you don't want one of the three, you bought a bundle - a bundle of three. Generally, people tell me they don't need or want the phone service. But often, if you take that out of a package, you pay more for the remaining video and internet. So, it doesn't pay to change what you have. That said, it never hurts to ask.

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Related Topics:
society7 On Your Sideconsumerconsumer concernsmoneypersonal financebusinessinvestinginternettelephonetelevisionshoescar
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