How Airlines and Other Retailers Are Robbing You Blind
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- Опубликовано: 19 сен 2024
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Have you been browsing flight options and noticed the prices suddenly jump in a matter of hours? In this episode, learn how companies are using dynamic pricing to their advantage, plus how to keep more money in your wallet.
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Wedding tax … we skipped the whole thing and got married by a justice of the peace in a garden at the Hotel del Coronado. Had all the beauty and romantic ambiance for the cost of the trip (doubled as honeymoon) and $30 for the JoP.
Very smart
Went down to the courthouse 32 years ago. $50 at the time and at the end of the day, we were married. Isn't that the point? And after 32 years, we are still married. Isn't that the point?
This is the reason to buy summer clothes in the fall and winter clothes in the spring
Exactly. Instead of seeing it as "ripping you off" you could see it as "I saved money." Weird that Ramsey's folks choose to see a negative.
My daughter got married on a Monday afternoon in the summer. We saved thousands of dollars because the reception venue was so happy for a Monday evening reception they didn't charge for "the wedding package." Also, florists and the baker did not charge delivery fees and the DJ dropped his price.
We also did not want to make our guests have to give up a precious summer Saturday. Only one invitee grumbled about having to take the day off from work...Oh well! People take off work for lesser things! It all worked beautifully and there was no pressure about having to book way in advance to secure services or venues.
Dynamic pricing seems like a good business strategy. If I don’t like it as a consumer though , I don’t support it by giving the company my business.
As a former Lyft/Uber driver THANK YOU!! Driving professionally is very stressful and requires extra caution.
Unfortunately because I lost money driving ride share. I had unexpected repairs on my vehicle, riders damaging my vehicle, I was required to buy extra insurance and even though I’m no longer driving for ride share my regular car insurance was just increased!! The insurance company said I drive to much so they increased my insurance an extra $20 a month.
I was also threatened and disrespected by so many passengers. I even had to call the police on a passenger after she threatened me and refused to get out of my car.
All of these make sense to me except the Ticketmaster one
This is similar to electricity usage. When you use electricity in peak hours when demand is high you will pay more as the supply of electricity goes down. Demand is high for food at dinner time so the price will be high. It is supply and demand called another thing. Too many people whine too much.
Use incognito mode when shopping/browsing. Only let them know it is you when actually purchasing.
Taylor Swift could end 3rd party pricing. She has the power. Instead of her focusing to save money for her fans, she’s focused on telling her fans who to vote for.
Missed opportunity to say "Bad Blood" with Ticketmaster 😂
Oh My Word! Wendy’s Spicy Chicken Sandwich is my favorite. Chic-fil-A next.
Good morning, Rachel! Your hair looks amazing!!!! 🤩
Live smart, buy and make your own food. Its a lot healthier, and you know no body has spit in your dinner. My dad had a friend back in the late sixties that used to urinate in the split pea soup.
For weddings, I don't think it should be as big of a difference as it is, but I do understand why there is a higher price when hiring vendors for a wedding vs a birthday party, etc. Since most people consider it to be a once-in-a-lifetime event, they have much higher expectations and the smallest hiccup is a HUGE deal, unlike a birthday party or such where a small mishap is unfortunate, but not as high impact. The vendors aren't just charging for their service, they're charging for all of the time they spend planning and coordinating with the couple beforehand, the emotional support, the family dynamics, potential drama, etc.
Oh, yeah. I know several people that are photographers, and they can testify that weddings are **a lot** more work (physically and mentally). A couple of them have even stopped doing weddings altogether. One of them was told they were photographing a party until they got to the venue.
I was checking the price of a ticket to Japan in November of 2000, it went up $50 on the second day. I went ahead and bought it that day to avoid any further increase. Then someone I worked with told me how she got around that increase was to use a different computer in her house when she went to buy the ticket. Sure enough she got the lower price. This price hike system has been happening for years, has spread to other industries and is being felt by us in so many different ways.
Uber and Lyft do this and it gets bad when the drivers game the algorithm to drive the price up
Yes, we need to get back to the venues selling tickets to,sporting events, concerts...instead if always having to FORCE you to go the ticket masters for EVERYTHING!!!!!
I had a marketer call trying to get me to take a HELOC on my home. I just asked - have you ever heard of Dave Ramsey? They hung up on me. I had a good laugh :-).
Evergy electric and spire gas energy have been doing this for years now.
Wendy's doesn't do demand pricing where I live. I believe they aren't allowed to. Hotels and airlines though... It's ridiculous!
It's called supply and demand. There's a limited number of hotel rooms and airplane seat LOL! Guess what? Not everyone gets the best who doesn't pay the cost.
Actually, it makes total sense that the same hotel room would cost more on a Saturday night in June than on a Tuesday night in October. It's basic economics.
@@AndrielleHillis I'm not saying it isn't making sense. But it is a rip off if I stay Wednesday and Thursday and it's 100 bucks but my Friday stay is 300. This video is about companies changing fees to rip you off. That's an example of it
I’m an advocate for skipping fast food all together. At least in my area the service quality is in the toilet and across the board they rarely get an order correct. They’re not worth the $20/hr they are paid.
Josh, so correct and the same here in Northwest Ohio!
Seed oils are poison.
Comment on Delta changing their requirements to be a Diamond level.
Corporations using algorithms to set prices is the future, unfortunately. It really sucks. Corporate landlords are all using the same app to set rent prices and the app will actually punish users for setting a lower price than everyone else. Thus, reducing competition. Since there is so much monopolization in the meat industry, they are also using an app to set higher prices on meat. Hotels are all using a similar app. Everybody just wants more and more of your money. Very frustrating
December wedding? I thought my wife and I were the only ones who snookered themselves into such a thing...(Dec 23)....wouldn't do that if i had a choice
You have to go to Wendy’s drive through since they won’t open the dining room. I understand though, the homeless.
The dining is open in my area but they don't clean. Its gross.
If you think weddings are expensive, wait for the divorce bill !
Im against Dynamic Scamming
Demand-based pricing is not unfair. Do you know why you have traffic congestion at 8AM? Because the price of the road is $0. Yet, all that demand puts strain on the roads, makes the experience worse and COSTS MORE to maintain. Wendy's has to hire more during peak times to serve you. That costs $$$. Talk about first world problems that you have to wait a few minutes to save $1! Weird take!
Agreed, demand pricing ideal in a free market. HOWEVER is It is unfair when there is a unnatural monopoly, when supply is artificially repressed and not allowed to meet demand. Your roads example is defined as a common good so it's a little different.
@@zedalvea841 If roads had tolls that were set-up to do peak-load pricing, you wouldn't have the congestion. People would weigh decisions. It's the easiest example for people to see. Since it's always the same price people all want to use it at the best time for them, not for everyone.
This no difference than restaurants charging different amounts for the same dish at lunch vs. dinner time.
Yeah, it's like Rachel has never heard of a "lunch menu."
Stop shopping at these places
Aaah... that's why people organise party, invite friends and then: surprise! It's a wedding. Smart.
And I've known some photographers that will just pack up and leave if that happens, or refuse to take any pictures until the client pays the wedding rate. There's a reason why photographers charge more for weddings.
Mr. Wonderful has said on several occasions that he loves Weddings and Funerals. People lose their minds, and overspend 100X
Uber is talked more so I use Lyft and I get constant "you have % off rides till this date"
How do you get Lyft to work. I gave them a cc number and they want my bank account number. I don’t care what the percentage off is. I was gonna use them. I know my credit card is good.
@@leisure057blank3yeah why would they need both? When paying for things you want online, it isn’t required to give both in order to pay for what you’re purchasing?
Wedding? No. Blue Harvest festival.
It’s capitalism. America does not put many rules in place and monopolies do what they want
It's reality. When someone wants more of your time than you have to offer, you have to charge more to get help.