Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max
 

When getting gas today I drove past three other gas stations to get to my preferred gas station. Do I like this place because of the convenience store, the level of service or even the rewards I get for filling up there? The biggest reason why I fuel up where I do is because they were one of the first to get the pumps that allow you to pay with your credit card at the pump. I don’t want to deal with gas station staff.

When I go to Walmart, I just about always go through the self checkouts. I don’t often buy more than a few items at a time, so I find it easier to just go through the self serve.

At Subway today, I poured my own pop into my cup. I paid $1.89 for a medium drink that I poured myself, then I got my own lid and straw. To top it all off, there was a giant “No Refills” sign.

I’m 27 years old. I’m hardly an old geezer, even though I might feel like it when discussing things from my childhood with people 10 years my junior. I can remember the days of people pumping gas. I can remember going into a Subway for the first time and laughing at the concept of pouring my own drink. My attitude was “I just paid 6 bucks for a sandwich and now I have to get my own pop?” I actually boycotted Subway for a short time after that. I only went back because a cute girl asked me to go for lunch there.

In about 10 years we’ve gone from expecting people to wait on us hand and foot to doing their work for them… and actually enjoying it. Remember when you’d take your car to the service station and the kid working there would fill it up, wash your windshield and check your oil for you?

I don’t want to turn into a crotchety old man on you guys. I’m not going to shake my fist at those damn teenagers on my lawn and pine for the good ol’ days, preferably while sitting in my rocking chair on the porch. I’ll leave that up to Frugal Dad. What I do want to talk about is not only how we’ve let retailers off the hook, but how we enjoy it so much more to serve ourselves.

In my town, there’s only one full service gas station left. It does fairly well, in fact it might even be the busiest gas station in town. One doesn’t even have to pay a premium for gas to get it pumped; this gas station is one of the most aggressive in town with their price at the pumps. This station does pump your gas for you, but you still have to go inside and pay and they just don’t bother to check your oil or clean your windshield. You’re really not gaining much over their competitors in terms of service.

It’s the same thing with going to Wal-Mart. I don’t want to stereotype all Wal-Mart employees, but when was the last time you got service worth talking about at Wal-Mart? Whenever I go through the cashiers there, I get a half hearted grunt for a greeting, then I get asked for my cash, then I leave. Some do attempt in small talk, but it usually serves to irritate me. This is why I choose the self checkouts.

That begs the question- Am I happy to serve myself, or am I doing it because the alternative is worse? Gas stations and big retailers can hardly afford to hire great staff, so they just grab who’s left. Everybody knows this, which is why nobody goes into Wal-Mart with the expectation of being wowed with the service. Do I want to serve myself because I know it’ll lead to less frustrations?  And if that’s the case, why do we keep rewarding retailers for cutting back on service?

There’s two reasons why we tolerate serving ourselves. The first one is because we have such a low expectation of retail staff that we know serving ourselves is simpler, faster and less stressful. The other reason is because, subconsciously, we associate low prices with a lack of service. While this may have been true at the beginning of the self serve movement, it isn’t now. Yet we identify the two things together and are happy to oblige to save a buck. Retailers have done a nice job of figuring this out.

Oh, and if you’re a retailer or service station trying to get ahead by giving better service, you can’t just be slightly better than the competition. If Wal-Mart’s service is a 5 out of 10, yours better be a 9. Anything less and people just won’t notice.

 

Being the finance nerd I am, I watch a lot of business TV. Well, except Bloomberg. I don’t want to pay the extra 3 bucks a month or whatever it costs. The networks do a good job (for the most part) hiring people who are good journalists and who know their stuff. Luckily for me, some of those journalists happen to be attractive ladies. Unlike that time I wrote about hot female personal finance bloggers, this time I actually know the ladies are hot. Sit back and take in the action folks, this is gonna get creepy.

1. Amanda Lang

Formerly the host of BNN’s SqueezePlay, Amanda recently moved over to CBC Newsworld to host The Lang and O’Leary Exchange with her old partner in crime Kevin O’Leary.

It’s clear every time she debates Kevin on a financial topic that she knows her stuff. Amanda does a great job both keeping Kevin in check and providing a voice of reason when O’Leary’s rants get a little too far out of line.

I always enjoy it when a network will alter the desk just to show off the anchor’s legs. I’d just like to thank CBC for doing that.

As you can see by the picture fellas, Amanda is taken. Like any of us every had a shot anyway.

2. Becky Quick

Becky Quick is one of the hosts of Squawk Box, along with two other guys who we really don’t care if they have names or not.

Squawk Box runs from 6 a.m. until 9 a.m. Eastern time, meaning that for me to even catch the last bits of the show I have to get up pretty early. Becky is certainly hot enough to be worth getting up early for, so sometimes I watch while eating my toast before work. Insert your own “best part of my breakfast” jokes here.

According to the knower of all things, Google, Becky is married. Once again, sorry about your luck fellas.

3. Hilary Doyle

Hilary Doyle is the, uh, host star of BNN’s new comedy/investing introduction show Stock and Awe. I watched about 5 minutes of one episode one night and it was, shall we say, odd. I’m not sure I liked it and I’m not sure I hated it. I am sure I shouldn’t be judging my opinion of a show based on 5 random minutes of it.

Let’s talk about Hilary. She is obviously quite lovely with a great smile. BNN’s general manager called her “smart, terrifically talented and totally engaging”. While I may not be an accurate judge of that after the short amount of time I watched, I may have to start watching to find out.

No word on whether she’s taken fellas. Start composing those e-mails now. You know every woman dreams of being accosted by some loser she’s never met through the internet!

4. Michelle Caruso-Cabrera

Next up is the lovely (and Hispanic!) Michelle Caruso-Cabrera, one of the hosts of CNBC’s Power Lunch and one of the former hosts of Worldwide Exchange. Luckily for me, Power Lunch is on a little later in the day, meaning I’m fully awake to appreciate Michelle’s beauty.

Michelle is almost infamous for how right wing she is, which is usually a pretty popular stance to take if you’re a host of a show on CNBC. She isn’t afraid to push guest’s buttons or ask the tough questions. So if you like your ladies with a take no prisoners attitude, Michelle would be a good choice.

And good news fellas! Unconfirmed reports on Google has Michelle’s status as divorced. Maybe if you’re lucky you can be as big of a disappointment as her marriage.

5. Melissa Lee

I really had problems picking the last lady of this list, but I’m glad I could sneak Melissa in there somewhere. The host of CNBC’s Fast Money, Melissa is definitely one hot Asian.

I think my favorite Melissa hosted program was CNBC’s look at high end prostitution. I enjoyed that one on so many levels.

Honorable mentions go to Maria Bartiromo, Erin Burnett, Liz Claman and Amanda Drury.

And a special honorable mention goes to Jim Cramer. Just kidding.

 

Tweet Late last week, the drama surrounding the Potash takeover from BHP Bhilliton finally reached a conclusion as the Canadian Government said no to the deal. The primary reason given was that Potash was too valuable of a resource to be owned by foreigners, even friendly ones headquartered in Australia. Surprisingly, Potash stock only sold off a couple of percent Read More [...]

 

Tweet I’m watching a documentary on our insatiable appitite for debt on Global TV called Debt Trap. The program profiles many normal people who are drowning in credit card debt. The first such person is Jennifer (who is CUTE, BTW) and she’s struggling to pay off her $10,000 credit card balance. The producers try to make us feel sorry for Read More [...]

 

Tweet I eat a quite a few of my meals out. There are plenty of reasons including convenience, being social and the quality of food. But by far the largest reason is that I hate cleaning up after myself. I just realized that makes me sound like a giant slob. It isn’t that far away from the truth. I actually don’t Read More [...]

© 2012 Financial Uproar Suffusion theme by Sayontan Sinha

Switch to our mobile site