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!
With all this recession and Covid talk going around there are some huge numbers being used and it desensitizes you to how much money that really is. This many millions of dollars being lost. That many billions being spent. Well, I found this infographic to be a fun way to put it all back into perspective. One million dollars isn’t really a huge amount of money for the government, and it can even fit in a briefcase like in the movies. If you put it in real items though it really adds up. This guy uses burritos!
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.
As a general rule, people try to be pretty sensible with their money. In today’s economy, money isn’t the kind of thing that any of us can afford to throw around. Unless you’re in a very privileged position, your money is something that you’ll want to take good care of and not waste. That being said, there are always ways in which you might not be handling your money quite as well as you would like. Of course, this definitely applies to some places far more than others. With that in mind, here are some of the most common places where you might be spending more money that you want to be.
Your home is likely to be the most expensive thing that you own. Which makes it all the more important that you do your best to bring the cost of running your home down. Luckily, there are plenty of ways you can do just that. If something goes wrong with one of your appliances then contacting someone like Appliance Repair Whirlpool to get it fixed instead of replacing it is going to be a far cheaper option. Not only that but simple things like reducing your energy usage is a great way to bring your regular bills way down.
Most of us use many of the stellar, and fairly cheap, streaming services that are currently available like Netflix. These services are fantastic as they allow you to pick from a huge library of titles, both old and new. That makes it that much more ridiculous that so many people still pay for standard television. A lot of streaming services are available for specific TV channels to catch up on stuff you’ve missed anyway so there is no reason to bother with standard television anymore. Do you really want to shell out extra money just so you have to TV on a fixed schedule instead of whenever you want?
When trying to find the right car, it’s shocking how many people tend to ignore the mileage that they can get out of it. Of course, there are plenty of important factors when choosing a car, but you really don’t want to neglect the average miles-per-gallon. It might not seem like something especially important, but that cost will start to add up over time. If you’re not in a position to switch to a more economical car right now, consider carpooling to work. By doing that you can split transport costs down the middle, saving you a lot of money.
The reality is that spending money we don’t want is just an inevitable part of living in the modern world. The key is to make sure that you put as much effort into taking the best car possible of your finances so that you don’t wind up in trouble. Simple things like reducing your spending and giving yourself a safety net by putting money in a savings account can make a huge difference and let you get on with your life.
Constantly stuck with too much month at the end of your money? Counting down the days til payday, just to end up in the same position after a couple of days? It’s no fun, we all work hard and when you’re forever left feeling like you have nothing to show for your efforts it can be stressful. Here’s how you can free up extra cash, and make things much easier.
Get out of debt
Being in debt is expensive. Not only are you paying back the initial amount you borrowed, but every month that you carry a balance, you’re paying interest too. Over time and over multiple accounts this can add up in a big way, especially if you weren’t on the best rates to begin with. Do everything you can to get out of debt- work extra shifts at work, start a side hustle for extra cash, sell what you don’t need. The quicker it’s paid the less you’ll spend overall. If you find that you’ve not managed your accounts very well, once they’re paid, close your accounts. Get into the habit of saving to buy the things you want as you’re then living within your means and not essentially spending money before you’ve earned it (which is easy to do when you’re borrowing).
Stop overspending on food
Food is one place that just about all of us overspend. We buy lunches at work instead of our own, and treat ourselves to takeout when we can’t be bothered to cook. We frequent coffee shops, buy soda and bottles of water when we’re out and about, and throw away half of the fresh foods that we buy at the end of each week. Food waste is an issue, it’s bad for the environment and it’s extremely bad for your budget. Get organised, make tasty pasta and rice dishes in bulk and portion them out for the week for lunches along with some salad. Write a menu for all of the dinners you’re going to cook in the week, and build a grocery list based on what you need. That way you’re not being swayed by offers that you don’t need, and you don’t end up with a load of food waste at the end of each week. Get used to cooking more at home, keep things simple when you’re busy in the week, and experiment more at the weekends when you have more time. Pinterest and cookbooks are full of interesting ideas, have a browse through and note down anything you like the look of.
Get your bills in check
Bills are annoying but inevitable, but it doesn’t mean you need to be spending over the odds. Most utility companies are competitive, so switching will give you the best deals and help keep your bills as low as they can be. Staying loyal to companies rarely pays off, whether it’s your car insurance or your electricity provider. Get into the habit of running quotes each year and moving over to whoever is giving you the best deal. If you’re regularly missing bills or paying them late, you can end up with arrears and even damage your credit score. Come up with a system which enables you to pay them quickly and easily. For example, you could open up a separate bills account and set all of your bills to come out of here via direct debit. Put in the amount needed to cover them each time you get paid and they’ll take care of themselves- no need to manually pay everything.
Consider the luxuries you currently spend on
We all have our little luxuries and creature comforts that we enjoy. It’s being able to have these things that makes our hard work feel worth it. However, you could be overspending here and make changes that save you money without feeling deprived. For example, if you currently have lots of digital subscriptions like Netflix, Spotify and Amazon Prime, how often are you really using them? Would you really miss having them- you could always take a month’s break and see how you get on. Otherwise, could you create a family account that everyone in the household could use and would save money over paying for separate accounts? Whether you like to buy clothes, expensive haircuts, wine, food or something else entirely, take a look at what you’re spending. You might be able to cut back or find cheaper alternatives that would still give you what you wanted but for less. We can get so used to having and paying for certain things, but it’s only worth the money if you’re getting use or enjoyment out of them.
Many people see investing as a form of high-stakes gambling. Whilst some investors do lose all their money, it’s often the result of choosing riskier things to invest in or simply not doing enough homework. Some investments can be much more secure and are perfect for first-timers. They still require doing a lot research, however with this research you’ll be much more likely to make a return. Here are several popular investments that are most likely to make you a profit.
Gold will always be valuable and whilst it has been known to fluctuate in price it always returns to a steady increase in value eventually. There are many gold dealers such as Royal Mint from which you can buy gold. You can then hang onto the gold for a few years and let it rise in value before selling it for a profit. Selling gold can be the hard part, so do your research in order to find the highest bidder.
In years gone by, everyone invested in oil. As laws come in to reduce fossil fuel usage, investors are now turning their attention to sustainable energy sources such as wind and solar energy. Investing in a green technology such as solar panels or wind farms could make you a return. If you’re not keen on shares, you can even buy solar panels for your home and save money in the future on bills.
Currency rates are always changing. By doing your research, you may be able to find a currency that is on the rise and worth investing in. Forex brokers such as Axitrader can help advise you on the best cash to convert with the lowest transaction fee.
Medical insurance companies such as Health Insurance Innovations could be worth taking out shares in. These companies have been showing a steady profit over the years. Not all medical insurance companies are seeing such rises, so take time to compare them all first.
Property has long been the investment of choice. One option is to buy a property and rent it out to tenants for a profit. You may wish to hire a property manager or go through an agency so that you always have tenants in the property and so that your rent is always getting paid. Another option could be to buy a property and renovate it so that it’s worth more value. It’s possible to do this with your own home – just make sure that you don’t spend more money remodeling your home than the value that you’re likely to get out of it.
For investors with only a small amount of money to play with, lending sites such as Lending Crowd are one of the best options. These sites allow you to lend any amount of money you want to any kind of cause. Like a loan, the person borrowing your money will pay you back with interest on top. This interest then serves as a profit. The more you lend, the bigger this interest will be.
People have been conditioned to believe that aggressively avoiding debt is no fun. Spending money is one of the easiest ways to get immediate gratification, no matter how short-lived this sense of gratification might be. Unfortunately, overspending has become all too common and it is having a significant and very negative impact on average life qualities. Following are five steps that you can take to avoid debt while still living a pleasure-filled life.
1. Create a Budget
Sadly, many consumers are still eking it out from check to check without solid, written plans for how they are going to manage their money. Not having a budget greatly increases the likelihood of debt and it also eliminates the ability to maintain a consistent savings plan. Take stock of your regular expenses and your total monthly income and then determine the best way to part your funds out. Make sure that you have adequate funds for entertainment and that you are always saving at least some small portion of your earnings for a proverbial rainy day.
2. Increase Your Income
The majority of debt that people are currently taking on right now is associated with short-term funding solutions such as payday loans and car title loans. If you find that you are always searching for some extra cash to cover your regular expenses, you probably aren’t earning enough money. Consider taking on more hours, starting an online business or applying for a better-paying job. When your income is not sufficient for comfortably meeting your costs of living, the practical decision is to increase it. There are many ways that you can do this without having to work more or harder. Spend time brainstorming to determine which strategies will work best for you.
3. Start Using Credit Cards for Emergencies Only
As Faber Inc reminds us, your credit cards should be reserved for major, planned expenses and for emergencies. If you are pulling your cards out each time you enter a store, tracking your spending and adhering to your budget will be impossible. Keep only one credit card in your wallet for urgent expenses and keep the rest of them locked up at home. You may even want to decide whether or not having more than one or two cards is necessary.
4. Start Doing More For Yourself
Before hiring any service provider, consider your own skills and resources and see what you can do on your own. This is true whether you need a handyman or have been paying a local deli each day to make your lunch. Any effort that you make to cut down your spending will give you more money to save.
5. Create a Regular Workout Plan
Exercise and good financial habits are surprisingly connected. This is because most people are making emotion-based decisions each day, rather than practical, balanced judgments. Regular exercise floods the body with feel-good hormones, making it much less likely for people to crave the immediate gratification that unplanned spending provides. Best of all, you really don’t need more than free time to get your fitness routine going. Try taking long, daily walks or creating a small, low-thrills workout area at home. You’ll spend less and feel better.
Tia, and TipsfromTia.com is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me!