PFT #82 - Personal Finance Tip of the Week: Better Battery Company's Eco Batteries

This week’s personal finance tip is about Better Battery Co’s Recycling and Delivery Program.

Can you imagine how many batteries are in landfills considering every household uses them?

According to The California Department of Resources and Recycling, it is estimated that 4 billion disposable batteries are shipped to the US each year and that means the average US household uses an estimated 47 batteries per year.

Now this is a daunting piece of information; however, there is good news. You can now purchase batteries online while also disposing of them responsibly.

Better Battery Co. has developed household batteries that are not only rechargeable, but also recyclable. Their program is designed to ship you new supplies as you deem necessary while providing the packing and the return packing slip.

When it comes to your money, you’ll pay more for the batteries than you are accustomed to; however, they do come in a variety pack of sizes which is not how most batteries are sold and you don’t have to leave your house.

Moreover, when you hear the words “cost more,” consider that many people pay double the price just to get their food delivered to their doorstep.

The bottom line is that this battery product is an ongoing example of an innovative solution that is convenient and helps the environment. In time, this may be the norm rather than the exception.


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Episode Transcript

(00:04):
Hello everyone, I am David andyou were listening to the Personal Finance Tip
of the Week and this week's topicis about the gas prices and the myths
to gauging. In times when inflationis rising, we experience higher prices for
our goods and services as well asshortages. For example, in the grocery

(00:28):
store, we've experienced products and limitedsupply from toilet paper to baby formula.
When a desired product is available,it is emptied as soon as it was
stocked. When it comes to gasoline, supply, chain disruption was experienced in
nineteen seventy three and nineteen seventy nine. This also occurs during natural disasters where

(00:50):
shortages shoot up prices and then wehear about gauging. To make things clear,
goujing does occur. However, thereis a large misinform nation notion that
gas stations drive up their prices becausethey have us over a barrel. For
the most part, this is nottrue, as our research on average tells

(01:11):
us that most retailers make fifteen centsper gallon after the consumer pumps it.
To make things worse, most peoplepaid via a credit card, which has
a merchant fee around two and ahalf percent. Hence, when the price
per gallon US at just four dollars, the retailer pays ten cents and in
our example they would have a profitof just five cents per gallon. This

(01:34):
is why we see a cash pricethat is listed on the signs that are
lower than the credit price. Hence, if you have cash, this is
another way to keep a few bucksin your pocket, especially during long stretches.
The bottom line is that this isanother way to save a few more
dollars. Yet, the hidden pointin this finance tip is that when we

(01:57):
understand how things work, we canaccept things that we don't like. So
that will do it for the personalfinance tip of the week. Until next
time, I am David