How to reduce car maintenance and repair cost

Mechanical equipment in general deteriorates with time, the main reason is friction, heat, and the environment such as air, temperature, and humidity. Cars and trucks are no exception, after many years of driving they start to deteriorate, performance isn’t the same as when you first bought it. However following these few simple recommendations you can keep your car in top shape, and save money on repairs and maintenance.

 

Oil Change

The engine and transmission are the two most important part of your vehicle, and the two most expensive to repair if they fail. Keeping them well lubricated will prolong the life of your vehicle and reduce or even eliminate repairs. Changing oil at the factory recommended interval is crucial.If you have an oil leak get it fixed immediately, an engine or transmission cannot run properly at low oil levels, and will fail without warning, leaving you stranded and with a large repair bill, in addition to towing costs, taking time off of work, and frustration. In brief change your coil frequently and repair oil leaks.

 

Wheel Alignment

Getting your wheels aligned (not to be confused with tire balancing) is important to keep your tires running on their entire surface as opposed to being at an angle, which will not only speed up tire wear, but could also cause an accident.

 

Tire Pressure

Driving with un-inflated tires causes your engine to work harder and use more gas, your tires will wear off much sooner, and your car will not corner correctly. Check your tires once a week using a simple tire pressure gauge you could find for about $10, and will probably last you longer than your vehicles.

 

Car Wash

Although it it important to keep your windshield and side mirrors clean for safety, a clean car makes us feel proud of it. Check the weather report for rainy days, and avoid washing your car the day before or during those days. Find an inexpensive car wash, or if you can wash your car yourself at one of those personal manual car washes you could probably do the same job for half the price.

 

 

 

Appraise and score your domain before you buy it

Before you start investing in domains you need to evaluate them to determine how much money you should spend, there are many tools and websites that will score or appraise your domains. EvoSix.com is by far the easiest, and straight forward website to use, they not only score your domain, they also analyze it and tell you how they arrived at that score. They point out the positive and negative factors which affected your score. Another great tool on the website is the Score Simulator, which allow you to use sliders to simulate how other factors can affect your score. You will be able to see how your domain score compare with others. Evosix has a limit of 50 domain scores per day per IP address. Other websites like Estibot.com appraise your website and give it a monetary value, they limit their queries to 5 per day. These tools will help you save money and help you avoid overpaying for your domain.

How to pay down your credit cards

Many of us have had difficulties some time in our lives with credit cards, it is so easy to buy stuff, charge it, and forget it. We buy things we really don’t need because we feel the power of the credit card. It is a piece of plastic after all, and with that piece of plastic we can buy an expensive watch, designer clothes, take our friends to dinner, or even use it to put a down payment on a car! Then we get more credit card offers, and start collecting them, and in no time our credit card balances have reached $10,000 or even $20,000 dollars. Some card have exorbitant interest rates, 20% or 30% in some cases, and the worst part is that credit card companies don’t want you to pay them down quickly, they only want you to pay a minimum, I have seen a $2000 credit card bill with a minimum payment of $25 per month, this barely pays for the interest, at that rate you can be lucky to pay it off after 5 or 6 years.

 

Here is how to pay down your credit cards quickly. This comes from personal experience, I am currently credit card debt free. Here’s how I did it. I had 6 credit cards, so I sorted them by the highest interest rate, not by balance, I paid as much as I could on the one with the highest interest rate, while only paying the minimum on the other cards making sure I am paying at least the interest incurred plus $5. Once I paid down that credit card, I moved to the next and paid as much as I could on that one, I did that until I paid down the other credit cards. It took a few months but it felt good to pay down a high interest credit card and close the account. More on that later..

 

Here are a few things to keep in mind: If you have an offer from a card company with 0% interest until a certain date, make sure you pay that down quickly as well. Most of these offers are very well studied to get as much interest from you as possible. Credit card companies know your financials very well, and they know when to send you these offers, do not fall for these traps. Not only will your credit score drop if you have more credit cards, but you will be tempted to charge more on the ones you just paid off. Just stick to paying down your existing cards as quickly as possible.

 

Should you close your credit card account? Yes! Absolutely! Your goal is to get out of debt. Do not worry too much about how your credit score is affected by closing your cards. Would you rather have a 720 FICO score and be $10,000 in debt, or a 650 FICO score and bet $0 in debt? Once you pay down your credit cards, you will start saving money and get out of the credit card trap. I currently have a single card which I have to pay off by the end of the month. I am happy, do not worry about credit cards, or loans. It feels great! I don’t owe anything to anyone! I am free!

Money saving advice for your teenager

Let’s face it, we are a consumer society which means that we buy products, use them, and dispose them, and then buy more of the same product, this is mostly due to advancing technologies and strong marketing campaigns. MoneySaving will show your teen how to save money. Teenagers are responsible for a big percentage of tech product purchases, and as a teenager you are being trained to become a long term consumer of products that you don’t necessarily need, and by the time you reach the age of 25 you would have accumulated at least two credit cards and are already in debt. A better way to manage your financial life is to start saving money at a young age, ask your Mom and Dad to open a savings account for you and contribute $100 per month into it, if you start at the age of 14 by the time you graduate from high school you would have saved $100 x 12 months x 4 years = $5,000, that is enough to buy yourself a very decent used car that will take you to college, and out with your friends. Being a saver is a positive thing, it may not be “cool”, but the long term benefits are way cooler. Here is some money saving advice and a few tips that will give your teen a financial head start:

  • Open a savings account for your child, and teach them to save money, no matter how little, this will train them that money should not all be spent.
  • Show them financial news and learning websites, and train them to shy away from shopping websites.
  • Make them understand that they can make money by selling products, and be the more profitable side of the shopping experience.
  • Give them weekly financial advice, this will help them as well as help you, and train them to give other financial advice.

 

MoneySaving would like to thank you for reading this article. Please feel free to post comments and feedback.

Money saving tips at the grocery store

How to save money grocery shopping

There are two important things you should do before going to the grocery store, which should help reduce your bill and save you money in the short and long term.

1) Have a good meal before going to the grocery store, this will prevent you from buying unnecessary foods and products, I’m sure you’ve heard that shopping while hungry will lead to excessive and unnecessary buying, the food which will stay in the fridge or cupboard for months, and eventually go to waste.
2) Prepare a list of food items you need, do not buy in bulk as you will overeat, or will throw away after expiration. Buy for a week, or maximum two.

Now that you are at the grocery store there a few things you can do to save money.

Only buy groceries for the coming week, some people buy for a month and sometimes more, food will end up staying in your fridge for months, expire, and you will throw them away, this is a waste of food and money.

Buy good quality foods. Junk food will cause you digestive problems or worse and you will end up spending money on over the counter medication, and in some cases medical bills, doctor visits, prescription drugs, time off of work, etc…

Foods which are on sale are usually about to expire, or of not such great quality, again think about the quality of food vs quantity. It is better to pay $5.00 for a small steak, than $25.00 for a package of 10 large steaks. Cheap food is cheap in quality and you will end up paying the cost in medical bills.

Buy heavy duty grocery bags and reuse them, this will reduce cost for the grocery store, or you if you have to pay for them.

Your trip to the grocery store should be planned on the way back from other trips, this will save gas.

Finally do not let advertisers and coupons dictate what you are going to eat, you will eventually go back during the week and buy the items that you wanted in the first place.