saving

Save your dollars on car repairs – Secret tips to take care of your heard-earned dollars

save your money from car repair

Majority of us drive our vehicles on a daily basis and we use our cars to drive from home to work or back to home again. But something we don’t take into account is to take time to think of the maintenance of our vehicles. As long as we can start the car and it has got fuel within it, we think that it’s running fine. Only when something starts sounding funny, we take note of it and it is then that we realize that our car might need an immediate repair. Whenever our vehicle gives us warning signs, we understand that it needs a repair as soon as possible.

But did you know that the auto repair companies are all waiting to squeeze money from your wallets ? If you didn’t, you should know that this is their trick that they use. Here are few ways in which you can avoid saving money on your auto repair.

  • Read the manual of the owner

In case you’ve still not read anything else, you should acquaint yourself at least with the Scheduled Maintenance Guide as this informs you about what is suggested by the manufacturer. If you’re clever and wise enough to pay focus on this and read it with case, you will know how to spend your dollars in the best possible way, without spending too much unnecessarily.

  • Find a trustworthy car repairing shop

Ask your colleagues, family and friends whether or not they have a mechanic or a car repair shop which they trust. Watch out for local shops which specialize in your specific make of car, pickup truck or van. Remember that a good automotive repair shop will always have certified and expert staff and technicians. They will definitely be certified in more than 1 among the 8 car repair classifications. ASE or Automotive Service Excellence will give these certifications. Make sure you ask queries about the quality of the staff.

  • Preventive maintenance is a must

Did you know that a very good way of testing the auto repair shop which you always believe to be reputable is to visit them during an oil filter or an oil change? This is the most necessary step which you need to take as preventive maintenance. This also offers an opportunity to ask questions which are prompted by manual reading.

  • Know the charges for repairing a car in your locality

There are few helpful websites which offer estimates for few common car repairing jobs on your type of car. They also offer you a range of price values in your zip code. The fair price lies somewhere between the lowest price and half way to the upper price and this is the most accurate price.

Your car will always give you few warning signs when it is in dire need of a repair and hence you have to pay heed to such warning signs so that you don’t end up being late in taking your car to the auto repair shop.

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5 Simple Ways to Pinch and Save Every Month

In a struggling economy, it can be difficult to save extra money when finances are stretched and the bills continue to build. With added debt that has acquired overtime, it can be even more difficult to set aside extra money to save. Although it can feel impossible to save, there are a number of ways to ensure that you make room for extra cash that you may need for a rainy day fund.

1. Cut Coupons

Coupons are essentially free money for items that you may already be purchasing on a consistent basis. For household items and groceries, it’s possible to cut the cost in half by obtaining the right coupons and doubling them. This works well when pairing them with store discounts for a great way to stock up and never buy items for full price.

An increasing number of websites and blogs are becoming popular for ways to stay updated on daily sales, promotions, and coupons currently available. The blogs can easily send you emails on when the highest savings are available and even when certain stores are doubling coupons.

More_money2. Use Cash

Studies have proven that when paying for goods or services with cash, people naturally tend to spend less money because it’s easier to see how much money they really have instead of trying to guess. Handling cash instead of relying on a credit card will make it easy to be more aware of how much money you really have instead of overspending. It will also prevent you from spending more by forcing yourself to only rely on that cash until your next payday.

To ensure that you stay within a budget, use different envelopes to put the cash in and use until you get paid next. You’ll quickly learn how to stretch the money and prevent spending more than you really need. This will also help you to make a list of items you need before visiting the store.

3. Buy in Bulk

Purchasing food, paper items, or household supplies in bulk will ensure that you save more in the long run instead of paying up to double the price for a single item that is sold individually. Buying in bulk from wholesale retailers will ensure that you’re still able to obtain the same types of products without having to compromise on the quality or brand.

4. Buy Generic Brands

Generic brands are a simple and easy way of saving more money for products that use the same ingredients as the big name brands. Generic brands are sold at a fraction of the cost and often work or taste the same. Although the packaging may not be as attractive, it’s worth the savings you’ll obtain for an easy way to save extra money and not pay any more than you really need to.

5. Compare Prices

Whether refinancing your home or shopping for a credit card that has a low interest rate, there are a number of ways to obtain the most affordable services and tools through websites like RateSupermarket.ca. You’ll be able to review the latest products and services, which includes savings accounts, GIC rates, insurance quotes, and mortgage rates for a great way to ensure that you’re consistently getting the best offers available.

It will provide peace of mind by reading a number of different reviews and choosing the right services that fit your financial needs and overall lifestyle. Several different tips and advice is also available for a great way to stay organized and in control of your life with free access to the website.

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The Best Money Tips For New Graduates

Graduating from college is a milestone that leaves many students overwhelmed with finding a new career, managing monthly expenses and paying off student loans. Finding a solution that allows you to manage your money wisely is the best way to start a new career, and an independent lifestyle, without accruing more debt than you can handle. Learning which steps to take to create a new home and new life, and which to avoid, helps you avoid some of the most common mistakes that new graduates make.

Prioritize Your Spending

Setting up a new apartment is one of the first steps that you will take after college. It is important to take the time to decide which items you really need to purchase, and which can wait a little longer. For example, you will need furniture, but a top of the line television is a luxury that you can put off until you are a little more financially secure.

It is also important to look at your weekly budget for food costs and entertainment. Setting a budget for food, drinks with friends and other non-necessary expenses can save you thousands of dollars a year. You can also take the time to learn new skills, like cooking, that can help you stretch your money. Cooking meals at home is one of the simplest and most effective ways to cut spending.

Use Debt to Your Advantage

Debt isn’t always a bad thing to have. A manageable amount of debt can be an advantage when you make payments on time. Making payments on time allows you to begin building your credit score, which will assist you in buying a new home or car in the future. Just make sure that you only take out loan amounts that you can comfortably manage to ensure you aren’t overwhelmed by the monthly payments during the first months after graduation.

Start Saving

Saving can seem challenging to new graduates but this step is one that you shouldn’t skip. Even a small portion of your income can make a big impact on your retirement or emergency fund over the course of several years. Start by investing about two percent of your income into a savings account that is set aside for emergencies, such as unexpected car repairs, then switch to investing in your retirement account. You may want to research your options before choosing an investment account to find the best returns on your investments.

Get Organized

One unexpected aspect of being financially independent in keeping up with and organizing paperwork. Choose to use online statements and automatic payment options whenever possible to help reduce the amount of paperwork you need to organize at home. Not only will paperless options cut down on clutter, automatic billing and payments taken directly from your account ensure you make payments on time without the hassle of sending a check.

By planning your finances carefully and prioritizing spending, graduation can be an exciting adventure instead of a financially stressful event. Begin planning your financial future early to be confident that you are prepared for your new life as a recent college graduate.

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Daniel Ramos is working for Garden Savings bank. He loves to blog and offer people advice on their personal financial issues. When he is not blogging, he enjoys writing for his own finance blog.


The Importance Of Retirement Planning

Never Too Early To Start Planning For Your Retirement

Planning for your retirement is one of the most important financial decisions you can make. As a general rule, the earlier you begin to plan for retirement, the better. Even if you are young, it is always a responsible decision to save money for the future. If you are still unsure about whether or not you can afford to plan for retirement, you need to learn why retirement planning is essential. Here are a few reasons why you should begin saving for your retirement now.

Common Misconceptions About Retirement 

The number one mistake you can make it to assume that your retirement will be taken care of by social security and other government benefits. The truth is that no one knows how long these entitlement programs will last or what they will look like in the future. With more and more people retiring every day and less government money available to support them, social security may very well be a thing of the past by the time you reach the age of retirement. To avoid working yourself into the grave, you need to begin your own private retirement planning. If you take your future into your own hands you will have more control than if you leave it to the government.

Being Prepared For The Unexpected 

Another reason it is essential to oversee your own retirement planning is so that you can prepare for the unexpected. Often as people near retirement age they find themselves with costly medical expenses. Even if you do receive government benefits when you retire, there is no way those benefits alone will provide you with a comfortable living and cover rising healthcare costs for you and your loved ones. Even if you and your spouse are healthy now, there is no guarantee that an unforeseen medical situation will not arise once you get older. When it comes to planning for retirement it is always a good idea to prepare for the worst. If you do, you will be able to have a comfortable life no matter what financial burdens come your way.

It’s Never Too Early Or Too Late To Begin Planning For Retirement 

There are many reasons why it is important to plan for your retirement. Whether you want to save money to cover unforeseen costs or contribute money to help your children and grandchildren, flexibility is important when it comes to retirement. You never know what curveballs life is going to throw your way and it is always better to be prepared than to be left with no options. It is never too late to begin planning for retirement, but it is never too early, either. If you do not know where to begin, contact a retirement planning professional for help.

Information provided by retirement planning software provider Ask Trak to educate those planning for retirement.

 


Tips for Saving Energy at Home

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During now of financial crisis, close relatives are finding it gradually more difficult to pay. For effective opportunities, consider revamping your energy usage and invest. Fix used devices, program, notice, secure and store around to help invest less on energy expenses.

Today’s energy expenses seem definitely out of control and choosing British Gas Expenses can be complex. Once you settle on a different or set agreement price you still need to figure out how to reduced your program expenses. Here are some guidelines to keep your heating and gas expenses down.

Ways to Increase your Heated and Keep the Freezing Out Radiator increaser many are available for your heating units that are both stylish and effective. It draws missing warm-up from the back of the rad and combinations it in with warm already in the room. Efficiency content metal aluminum foil keeps warm loss to a smallest and advantages are immediate. Engaged in the many is a page box secure.

Optimum Display Insulation

Properly insulation your windows will secure you a lot of cash on gas and heating. Display insulation products involve an simple to apply insulation film that keeps the wind flow circulation and cold out of your home. The film is clear so it will not look unwanted from the street. There is also the choice for extra alternative windows. This particular method is linked with warm and is easily removed and repositioned.

Treat your Rad Right and Acquire the Benefits

Get an vehicle release rad bleeder. These gadgets will immediately release any extra air in the rad so it will warm-up definitely whenever. It is simple to set up, has a modern design and as an extra can reduce interference and destruction of your rad. Each program carries on around 3 – 4 years and can be easily modified.

Adam Smith is a research leader and he works for Southern Gas, which is the most reknown energy distribution expert in the UK.


Why should you Borrow to get ahead when using Debt Leverage?

Why should you Borrow to get ahead when using Debt Leverage?

People borrow money for every reason. Whenever they need money, they look towards banks, friends or financial institutions to help them. However, the reason for the loan is not always justified. People take loans for all sorts of crazy reasons – a party, an outing and other unnecessary expenses. These reasons might be unjustified; however, there are some really genuine reasons that call for one to go under debt.

Debt looks unnecessary, but there are cases where there is no way out but to take a loan. Some of those conditions are given below, explaining when and why you should borrow money to move ahead in life.

To Save Your House

A great number of houses are mortgaged in the US. People are living in the fear of losing their homes to their lenders. This is one thing that scares all home owners. If you are facing the risk of foreclosure, then taking out a loan to paying back your debt is a good option.

However, this is not the only option that one has in such situations. One should always seek help from a lawyer who specializes in such cases to find the best option out of this situation. One more thing to remember is not to make the same mistake of putting another property on the line to save one property, as it will not do you any good.

Almost, all the banks will require some kind of collateral to give you a loan; however, some companies or lenders might be willing to give you a loan to save your house on certain conditions. This option should be used when you are sure that you will not end up in trouble.

Investments

If an investment opportunity comes your way that can benefit you, then taking out a loan is a good idea. Risks are important in life and one can never move ahead in life without taking risks. However, one thing that is important is to minimize the risks involved. This isn’t easy but one should be able to do it before opting for loan.

Foresightedness is required as these are very major decisions and cannot be made in haste. You can consult a professional or your friends to make sure the step you are taking is worth it. Not every investment gives the desired returns and can at times put you in serious financial trouble.

One more thing that you will need to do is find the difference between the profit you will earn out of the investment and the interest you will pay on the loan. If the profit isn’t more than the interest, then the option is pointless and something that should be totally avoided. However, if good returns are guaranteed then this is the best thing to go for.

Debt Consolidation

Debt consolidation to pay down higher interest rate loans is a good reason for taking out a loan, especially if you are sure you can manage it well. If you are already burdened with a loan that required you to pay huge interest, it is a good option to take a loan from a friend or a bank that is giving it at a lower interest rate so that your burden is reduced.

However, it should be managed well as it can, like any other loan, cause problems. Also, when you go for this option, make sure the terms and conditions of the second loan are friendlier than the former one, because if they are the same then going to another lender will not be a good idea as it will not help you in any way.

Education

Loan for education is usually acceptable; however, it depends on many factors. Firstly, consider whom you are going to sponsor for education, and if the person is worth it. There is no point in taking out a loan for someone who isn’t good at school, as the person probably will have difficulty finishing college, graduating, finding a job and then paying back the loan. However, this is very difficult to conclude due to the desire and importance of getting educated.

Many institutes and colleges have their own debt programs that are often interest free to promote education. This option should be considered as it can be of great help.


How to Save and Invest Even If You Don’t Have the Time or Discipline

How to Save and Invest Even If You Don’t Have the Time or Discipline

Financial freedom is almost always a result of making positive short-term decisions that force long-term results. It is not occasional behaviors that will get you to your financial goals, it is everyday behaviors. It is all about making a plan and finding ways to implement the plan. We have to take into account our propensity toward short-term thinking, and put in a solid plan that forces us toward long-term success.

Sometimes people need a complete overhaul in how they save and invest their money. Looking for a quick route to wealth may work out for a very few people, but if you want a solid plan with a comfortable risk level, then long-term saving and investing just makes sense.

First Steps to Investing

Investing can seem overwhelming to the inexperienced. You may have the knowledge, but still be unsure how to start. An experienced firm can help you get started. Investing is about using time-tested techniques to your advantage.

For example, most people have never heard the term, “constant dollar plan,” otherwise known as, “dollar-cost averaging.” In simple terms, this is an investment strategy that gives the amateur investor a route to lower-risk investing. Dollar-cost averaging means you buy more of a particular investment product when the price is low, less when it is high, but you keep accumulating, and the cost averages out over time.* This strategy is popular for new long-term investors because it provides some protection from sometimes volatile market changes.

Ensuring Discipline

Financial discipline can be challenging for a variety of reasons. When you remove the excuses and stick to a reasonable plan, you can reach your goals without too much pain. Admitting that you don’t always have the discipline to do the right thing for your future is not an admission of failure, and it is the reality many people have to deal with. It is better to admit it and set up a system that deals with the reality than not facing it and living a future of financial instability.

One of the greatest gifts technology has brought us is the expanded use of automatic savings and investment plans. Saving money can often feel like yet another pull on a tight budget, and it can be the first thing tossed aside when times are tight. When money is automatically deducted from your bank account, you will tend to absorb the loss and quickly adapt to the new reality. Meanwhile, your deducted savings and investment funds work quietly to achieve financial freedom.

Controlled Action

You control when and how much of your money is deducted. You can opt for weekly, bi-weekly, or monthly withdrawals to a savings account, investment account, or both. Your investment firm can show you appropriate index or mutual funds to get you started, and they can show you how to diversify over time to protect your investments.

Knowledge about money is a great thing, but without action, you can’t expect good results. American entrepreneur Jim Rohn once said, ““Success is steady progress toward one’s personal goals.” You can find financial freedom in the long run by instilling habits that are immune to the economy, your mood, and the influence of people around you. Make a plan, set up a strategy for success, and change your financial direction once and for all.

Author’s Bio : JR Olson writes on behalf of bankruptcy lawyers who want you to invest your money properly so that you never have to face money challenges.


Couponing for Beginners

Couponing for Beginners

As the economy gets tighter, many families have come to find that couponing is the only way to get what they truly need while sticking to the family budget. If you have wanted to get started using coupons but aren’t sure where to start, this quick-start guide is just for you.

Step 1: Get Your Coupons

There are many sources for great, usable coupons that will save you big. Try these for starters:

  • The Sunday Paper – Get the paper with the highest circulation for the biggest variety of coupons. If you are serious, buy one paper for each family member.
  • Friends and Family – Ask your loved ones to save any unwanted coupons for you. They will probably be happy to do so.
  • Hit the Internet – There are thousands of printable coupons on the Internet. You can find them on couponing sites or on manufacturer sites.
  • Use a Clipping Service – If there are current coupons that you could use in multiples, ordering from a clipping service could save you quite a bit in the long run.
  • Check Your Stores – Many stores have coupons available. All you have to do is ask or look around.

Step 2: Get Organized

Your organizational system will depend upon your style and preferences. Here are some possible ideas to get you started:

  • Envelopes – For beginners, a check file or a set of envelopes will suffice. As your operation grows, however, you will probably need to change your system a bit.
  • Electronic Organization – For the least amount of work, file your coupon inserts by date and then locate the ones you need through an online database of coupons.
  • Binder – One of the most effective systems for serious couponers is to use a three-ring binder with baseball card holders. Simply take your binder with you every time you shop.

Step 3: Learn Your Store’s Policies

For maximum savings, you will need to know your store’s policies on coupon redemption.

  • Loyalty Card – Many stores offer a loyalty card that offers special savings. These cards are free, so make sure to get yours.
  • Doubling or Tripling – Many stores will run double or triple coupon promotions. Find out when your store does so and shop on those days. You will also need to know the maximum double and triple amounts as well as how many coupons you can use during the promotion.
  • Stacking – Check to see if your store will allow you to combine store and manufacturer coupons on the same item.
  • Competitor Coupons – Many stores will honor coupons issued by their competitors and will also match advertised sale prices. It is worth your time to know which stores do so.

Have a Plan

To get the most from couponing, you must have a solid plan. Make a list before shopping and try to use coupons on items that are on sale for the highest savings. Check weekly ads and make sure to ask for a raincheck if an on-sale item is sold out. Just be sure not to buy an item you don’t need just because you have a good coupon. After all, couponing is about saving on items you would buy anyway, not spending unnecessarily.

About the Author

Kevin D. is a writer for HowDoIbe.com. This is a site that can help you learn how to save money, and even learn how to become a investment banker. You will learn more about couponing, and save more than before.

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Making the Most of Your Income

Making the Most of Your Income

When managing your finances it is important to look at income and expenses alike. Often times we are burdened by the enormity of our expenses and can become saddened when we watch the expenses grow while our income remains the same. Although increasing your income is easier said than done, it is possible. All you need is a little diligence and creativity.

Turn Your Hobby into a Business

If you are someone who has a hobby as a crafter, there is no reason why you can’t make a little extra money. You do not need to go into mass production of what you create, but you do need to ramp up the quantity. Start by making a few extra items and showing them off to your friends, family, coworkers, church members, parents of your children’s friends, and anyone else you come in contact with. You do not need to be pushy, just proud to show off what you do. When you receive a compliment, mention that you do sell these items for a nominal fee.
In addition to exposing those around you, you can list your product on the internet. There are wonderful sites like ebay, Etsy, Craig’s List, and the like where you can post your products for free. All you need is an email address and a PayPal account. Pretty easy to get what you have out there to the world.

Make Money on Your Skills

Do you have skills that others can benefit from? If so, get the word out. Just like if you are attempting to sell a product, tell everyone about what you can offer. Post flyers, market yourself on Craig’s List, make some business cards and distribute them everywhere. You would be surprised as to what others are looking for to help them in life. People want someone who can organize, proofread, type, run errands, do yard work, go grocery shopping, help them move, or whatever else you can provide to others.

Reduce Your Expenses

Although reducing your expenses sounds easy, it can be a very painful experience. Reducing expenses means that you need to cut out some things in life and that may be something that you just don’t want to do. If you have cut out everything that you possibly can (cable, internet, magazine subscriptions, unused gym memberships, and the like), it may be time to look at changing some of your expenses. Really examine where your money is going and see if a change in who offers you your services can help. Look at your cell phone carrier and see if you can get a better deal from elsewhere. Examine your insurance policies and call around to see if you can get the coverage you need for a better price. Often times you can get better deals from other companies.

Income Increased – Now What…

Once you have additional income coming in and/or fewer expenses going out, you will need to determine what to do with what you have gained. Most people simply spend what they have saved instead of turning it into something useful. If you were meeting your financial needs before you increased your income, you should consider putting your money away for debt payoff or for an emergency fund. More money should not equal more spending, so be smart with your increased income. Although you should be smart with your money, don’t forget to take a little and reward yourself for all your hard work.
Most everyone gets to a point where they desire more money coming in and less going out. This can be achieved if you take the time to examine your situation and determine what you can do for yourself. Be creative and you will surly find yourself with at least a few extra dollars in your pocket.

Jerry Edgars is a financial consultant and often recommends getting car insurance from Kanetix Canada.

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How to Save Money when Going Out

How to Save Money when Going Out

The economic recession has come with its set of hardships and lessons that will stay with us for a while now. Those who lost their jobs realized the importance of savings. So whether it is your proactive nature or tough financial situation that is forcing you to spend wisely, the following tips will prove to be helpful.

Coupons

Gone are the days when coupon cutting was considered cheap. So cut coupons from newspapers and hunt for them online too. The rise of major coupon selling websites such as GroupOn, Living Social and Retail Me Not have made people even more aware of the phenomenon and given them easy access to lower priced options. The trick to use coupons in a beneficial way is to plan ahead. Yes, today coupons are available for almost every product and service category so note down your needs in advance and search for coupons. Use them when required and you’ll end up saving up to 90%!

Dine ‘Out’

When eating out, what is that you restaurants, cafes and other eateries for? Food and? Ambiance is the answer. Yes, it is that need for a change in your daily mundane lifestyle that drives you to go to restaurants. Save money by preparing something different to eat and go out for a picnic with family or friends to a location such as a park. If there is a convenient location near your office, go there twice or thrice a week with your lunch pack and feel the difference.

Carry Less Cash and no Plastic Money at all

Some people have a very freehand. The more cash they have in their wallets, the more they end up spending on a trip. If you are one of them, admit it and stop carrying cash around that you think will get spent up unnecessarily. And don’t forget to forget your plastic money at home!

Monitor Transportation

Transportation is one of the things that have a lot of room for saving. There are a lot of factors that can help you save on transportation. If you do want to save up on conveyance consider the mode you adopt to travel. If you have two vehicles at home, prefer the one that consumes less fuel even if it is your spouse’s. If you travel to a certain location on a daily basis, consider opting public transportation instead. If you drive to nearby locations such as your college every day, consider walking to them instead. Not only will you save up on fuel, you might even be able to replace the walk by tread-milling at the gym, which means saying bye to another cost.

Travel Smart

When visiting new places such as a city or even a country, keep your back pack stuffed with all the things that you think you could possibly need. Certain locations such as airports and other tourist populated areas charge higher than usual prices. So it is better to keep in stock items that you know you’ll need such as camera cells and mineral water.

Allan has been writing about personal finance for a couple of years. His favourite topics include savings strategies, term deposits and savings accounts. When he is not blogging, Allan loves spending time with his family.

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