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2021/12/30

Are You Giving Your Money To The Wrong Companies?

Money talks. You can see that on a global scale, sure, where large corporations are capable of influencing policy and acting above the law. But it’s also important to remember that it works on a micro scale too. You can consider your money as a voting slip. You can use it to elevate certain companies above others or to move one down the pecking order. So the question is, who are you giving your money to? And could they be the wrong companies?

Let’s take a look at some telltale signs that there’s a better option out there.

companies

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You Can’t Get In Touch With Them

There are some companies that’ll happily take your money, but who won’t be all that interested in resolving problems if you have them. You can’t expect that every purchase will be 10/10. But you can hope that if you have a legitimate complaint about a product, then the company will take action. Some of them won’t do anything about complaints, while others won’t even pick up the phone — or provide you with any methods of getting in touch with them. 

They’re Not Delivering What They Promised

There should always be an element of trust between the company and the consumer. You do your part by getting out your credit card. They do their part by delivering the goods and services that you paid for. Alas, this doesn’t always happen. Some companies use loopholes to get out of fulfilling their part of the bargain. You see this in some industries more than others. For example, insurance denial is an increasingly common problem. Rather than paying out to the person they insured, they refuse to pay anything. That’s not a company that you could trust.

Failing to Innovate

Other companies are happy to sell a subscription service yet don’t find any ways to make their products or services better. While you can’t expect things to change all the time, if the company does nothing to make improvements, fix bugs, or just keep the software in line with modern standards, then they’re not acting in good faith. This won’t be a problem if you’re on a monthly contract (you can just find another company), but it is problematic if you’re on a long-term contract.

Bad For The World

There are some companies that are just bad for the world. They might sell you an innocent product but then use your money to act in bad ways. For example, maybe their funding of oil site exploration, or failing to pay tax, or investing in robotics and AI so they can put their workforce out of work. By giving these corporations your money, you’re essentially condoning these practices. 

Taking Advantage 

They also may take advantage of your addiction. For example, there are companies that’ll make it easy for players of mobile games to spend money on microtransactions. They offer nothing by way of help to the people who are caught in a negative loop that they can’t get out of. It’s all about the money. 

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Filed Under: Money Tips Tagged With: finances, insurance, money, money management

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