Saving money starts by re-thinking the way you live your life. Here are some tips and tricks to save money in ALL areas of your life:
TRANSPORTATION
Buying A Car: Cars are a HUGE waste of money. They lose value the second you buy one, but sometimes you just NEED to have one. When buying a car, some things to consider that will save you money are: new vs. used (a car that is a couple of years old is always cheaper than a new one – let someone else take the price hit), fuel efficiency, maintenance costs (higher end cars are more expensive to maintain), and dealer incentives (free gas or maintenance). Always compare prices between dealerships, negotiate the price. Don’t fall for the silly add-ons like rust proofing and fabric protection (either unneeded or you can do it yourself at a fraction of the cost). Avoid the expensive upgrades (especially if you are leasing) as paying for the upgraded stereo will only benefit the next owner when your lease ends. There is too much to cover about this topic so stay tuned for a future post on this topic.
Gas: Here are some tips on how to save money on gas.
Insurance: Shop around! Compare quotes with many insurance providers and try using a broker. Always do research on companies before choosing one because you don’t want to be screwed if anything major ever happens with your car.
Maintenance: Dealers are a rip off! Unless your car came with a maintenance package, always get your regular service done elsewhere. Many people think this will affect their warranty, but in many cases it will not. Don’t be afraid to shop around as prices can be as much as 75% less than the dealer! Continue Reading »