Money Matters: Is it Worth it to Buy a Warranty for a TV?

Unless you are a hermit that hates electronics, you've probably experienced the following scenario at least once in your life. You're at a retail store, such as Best Buy, and you buy a new device. It could be a TV, computer, gaming console, smartphone, radar detector, controller, keyboard, and the list goes on. Now, it doesn't even have to be that expensive of a device, but you will still get that same question: "Would you like to purchase an extended warranty for this product?"
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