Not if you buy a quality product
If you are buying a quality product, then you generally do not need to purchase the extended warrantee. The product will perform fine throughout its lifetime. Also, if your product lifetime is short, such as is the case with computers, handheld devices, etc.. then the product would probably become obsolete before the extended warrantee runs out. One remedy: Be your own warrantee. Every time you buy a product, set aside a small amount of money in the bank to replace it. In no time, you will accummulate enough money to replace the occasional product that breaks down early and you will still come out ahead.