You secretly spend over a million dollars on your car!
Everyone is always angling to save more money since we all know it matters a lot. One thing we often don’t think about is how expensive cars are. I know they cost a lot of money, but when you add everything up it’s incredible! Each car you buy is practically a downpayment on a house, and it ends up in the scrap heap before too long! Mix in most families having two cars and replacing them every 10 years and you get some big bills. Maybe when people talk about downsizing their homes they should really be talking about downsizing their cars first!
The 3 best tricks to make a little extra money today
If you ever look up how to make extra money there are a lot of options people will put in front of you. Like starting a website or doing online surveys. But, did you know the 3 most lucrative money-making opportunities are sitting right in front of you, and accessible to everyone? This infographic points out how with very little effort you can make a pile of money by selling your things, negotiating or cancelling some services you forgot about, or how you should get a salary survey to try to boost your income. Really these things are so easy we should all hop on them right now!
Everyday folks can save big by making simple changes
Saving money is a big topic and everyone knows it’s important. The problem is there are hundreds of different ways to save. Couponing, growing your own vegetables, being cheap and the list goes on. The number of options out there can drive you a little crazy. Luckily, I found this infographic that lists out how much money you can save as an hourly rate! It really puts things in perspective and shows you where to focus your saving efforts. Who knew 3 hours could save me so much money!
If you’re looking for ways to make money, having some kind of asset that you can use can be very useful. You can have various options for making use of that asset, whether it’s investing your money or finding ways to make money from your home. Anyone who has a vehicle can also bring in an extra income in a few different ways. You can consider a range of options that allow you to make money with your car by driving people or things around, using your car as advertising, and more. Take a look at the following options to see how you can make money with your vehicle.
Be a Moving Advertisement
If you don’t mind what your vehicle looks like, being a moving advertisement could be a great way to make money. Brands want to use your car to wrap it in their branding so that as you drive around, people will see their brand. You can choose which brands you’re comfortable advertising and choose how long you want the branding. When you want to take it off or remove it, usually when the campaign is over after a few months, just find out how to remove vehicle wrap. You can often do it yourself if you’re willing to spend the time doing it. It’s also possible to get professional help if you need it.
Do you like people? If you’re up for having a chat as you drive people around, or leaving them alone if they prefer, your car could be great for this. One of the options is to sign up for one of the providers, such as Uber. Another possibility is using a rideshare service, which makes it possible to share your commute or a trip you have planned. Before you do any of these things, it’s a good idea to check any requirements for insurance, taxes, or anything else it could affect.
Become a Courier
If driving people around isn’t for you, driving stuff around might be preferable. Being a courier can help you make a bit of cash, or it could be a full-time job if you want it to be. However, many people prefer it as a way to make a little extra money, as it can be a struggle to make enough when doing it full-time. There are various courier services that you might choose to work with, which can provide you with packages to deliver.
Rent Out Your Car
Some people don’t use their cars very often. If that includes you, you could consider hiring out your car to make some money. Before doing this, it might be a good idea to check with your insurance company to be sure that it’s not going to invalidate your insurance. If you’re good to go, you could make some extra money on the side. That is if you trust other people with your car.
Your car could be a moneymaker if you’re willing to use it in a few different ways. Find a way that works for you.
Are you all too familiar with the challenges of budgeting? Sticking to a budget is not something that comes naturally to all of us. But if you’re looking to pay off debt or save more cash every payday, learning to budget is a must.
Luckily, budgeting is a pretty straightforward process that gets easier over time. And living more frugally is simply a matter of making the right decisions moneywise.
The following 7 ideas should help you succeed at budgeting.
1. Know your goals
Is there something you have been saving up for? Do you want to purchase a new HVAC system? Are you planning on finally going on that cruise you’ve always dreamed about? Big expenses like these are the perfect goals. Keeping them in mind will help motivate you to avoid overspending and be smarter about spending.
2. Plan for everything
How will your income be spent? Aside from the essential expenses like food, utilities, transportation and housing, you also have to take your savings and loan payments into account. Creating a weekly or monthly plan can do wonders and help develop healthy spending habits.
3. Keep track
It certainly helps to know where your money goes. You may find a lot of areas for improvement in your current plan when you start tracking your weekly spending for the first time. Once you become completely aware of how your money is spent, you can be more effective at cutting expenses and saving money.
4. Be prepared
Aside from maintaining an emergency fund, you should also set aside some cash for surprise expenses. Make sure you have enough money to take care of inexpensive unplanned expenses so you won’t have to touch your personal savings and the fund you’ve set aside for personal financial dilemmas.
5. Don’t be tempted
Temptation is everywhere. Both online and brick-and-mortar stores have many ways to make their offers more tempting. Every now and then they will try to lure you into spending your money on stuff you don’t actually need. Since you’re sticking to a budget, it’s best to avoid gimmicks such as flash sales or once-in-a-lifetime offers, especially if it’s for stuff you have no use for in the first place.
6. Welcome debt
You shouldn’t avoid debt like it’s the plague. In fact, there is such a thing as good debt. Acquiring some debt right now can actually yield financial benefits in the long run. Taking out a loan and paying it off in time will improve your credit score and help you save money. Plus, the best types of debt such as mortgages and student loans have the potential to increase in value and generate income.
7. Have some fun
Being on a budget doesn’t mean you can’t treat yourself to something nice once in a while. If you keep making the right choices and continue to stay one step ahead of your expenses, you deserve a reward. A little positive reinforcement can certainly do wonders for your budgeting efforts. Don’t forget to have fun.