| |
|
|
|
|
| Home
>
General
>
Topics: Shipping & Postage |
|
| ----------------------------------------- |
|
| Forever Stamps Save on Postage |
Submitted by:
anonymous 05/31/2008 5:54 PM
|
| |
If you’re going to buy stamps, I suggest you buy "Forever Stamps" from the post office. Forever Stamps are priced at the current price of stamps (as of May 2008, the price is 42 cents). Stamp prices go up over time, as we’ve all witnessed over the past several years, and it’s a hassle to have to go out and buy one cent stamps after a price increase so that you can still use the stamps you already own. Now, with Forever Stamps, you don’t have to. But better yet, if you’re going to buy a book of stamps or more, you might as well buy the Forever Stamps because you’ll save money in the long run.
Stamp prices increase to keep up with inflation, so buying Forever Stamps is not a great investment idea. For example, if I buy Forever Stamps today and hold them until prices increase again, to say, 44 cents (an increase of two cents), I'm "saving" two cents when I use these stamps in the future after the price increase. However, based on inflation, my 42 cents has been losing its purchasing power while I’ve been holding the 42-cent stamp. In other words, I could have earned two cents on the 42 cents during this period, meaning I’m essentially breaking even by using the Forever Stamp that cost 42 cents when mailing a letter in the future when stamps are 44 cents.
This may be confusing (and I may not have explained this properly), but what’s important to understand is that if you’re going to buy stamps in bulk (e.g., a book of stamps), you might as well get the Forever Stamps since you’re already parting with the 42 cents per stamp now anyway, and you won’t have to pay an additional penny or two (or however much stamps increase) in the future. It’s small savings on a per stamp basis, but depending on how much you buy, it could be meaningful (not to mention hassle free). |
|
---
sponsored: Find Money Budgeting Tips.
|
|
---
Tip Hero serves up new money-saving tips daily.
Get free updates via Email , RSS or Twitter.
|
| |
|
|
| |
|
|
| |
| |
|
|
| |
|
|
|
|
