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.
A lot of people are under the impression that when they buy their first home, the money troubles are over. This does make quite a lot of sense. After all, if you can afford to buy a home, you will have something that you own in this world. It can make things easier if anything does go wrong with your finances because you’ll have something to fall back on which is useful. At the same time, though, you need to be aware that buying a home can lead to more issues with money. You might even find that it causes you to end up in a debt, as has been the case with home buyers before. We are brought up to believe that buying a home is an affordable possibility. But, if you’re not careful your new home could quickly become a huge drain. Here’s how to avoid that situation.
Before you even think about purchasing a home, you need to get it thoroughly checked out. It’s important that you know everything about the property from the state of the wiring to the plumbing and how old the boiler is. Homeowners with houses that need work tend to use tricks to get you to skip over these checks and buy without thinking. For instance, there’s the infamous ‘other interested party’ that have put in an offer. Or, who is looking for a quick buy? Usually, there is no other buyer at all. Instead, it’s just a mind trick to get you to buy without thinking or checking. Don’t forget, it’s your responsibility to make sure there are no issues with the home before you buy. Nine times out of ten a survey is going to show no serious issues. But you still need to make sure otherwise, you can end up with a home that isn’t worth the ground it’s built on.
It’s not just repairs that can make a home an expensive possibility. You need to think about mortgage repayments as well. They can be a huge drain on your finances to the point where you find yourself struggling to pay off the home each month. Usually, mortgage payments are expensive if you’ve bought the house with a small deposit. To avoid falling into this trap, it’s worth using a mortgage amortizaton calculator. By doing this, you can find out exactly what you will be able to afford and what you might be expected to pay. That way, you won’t fall into this expensive trap.
Last but not least, you need to think about your plans after you purchase the property. No one buys the property and then leaves it as it is. Some people will make extensive remodels while others will invest in redesigns. That’s perfectly fine as long as you have the money saved to pay for it. Don’t ever think about using a loan for these type of changes. No sooner have you taken one out, you’ll be hit by an expensive property repair that you won’t be able to afford.