Money saving tip
Car Rental
Rates vary greatly from Rental car companies. Compare prices of the rental car and the total including taxes and surcharge. Many give special membership discounts and offers. They may also offer insurance and waiver options and check with your credit card company and the your car insurance agent to avoid duplicity of coverage.
New Cars
If you are buying a new car select a car which is already well known for its efficiency, popularity and read reviews. Get opinions about different cars from your friend’s .Search the internet for reviews on different types of car. Check out whether the model is priced low, low depreciation, low maintenance and repair cost and cheap insurance. Collect price quotes from many dealers and compare. You have to find out all these information before signing a contract to buy a car. Nowadays it is better to go for a hybrid car because of high oil prices.
Used Cars
It is always advantageous to buy a used car instead of a new car because can get a car cheaper by 30% within a year. Check out car prices and compare it with the asking price of the seller. Get a friend who is familiar with cars or a familiar mechanic to check the car.
Car leasing
If you want a new car every 2 or 3 years then leasing would be appropriate. Shop around for the best rates and then only decide. If you just want a car that you want to own and use it as long as you can then buying a car would be better.
Gasoline
Compare prices at different stations and pumping gas by yourself can save you money. Use the lovest octane suggested in your owners manual. Keep your tires inflated properly and tune your engine.
Car repair
Repair you car by a skilled and honest mechanic who is certified and established. He should also be willing to converse with you about the repair option and cost.
Auto insurance- compare different licensed insurers online as well as offline and get a low price.
Home owners or renters insurance - Again compare and buy from a low price licensed insurer. coverage should be applicable to replace the house its contents and also rebuilding its current condition.
Life insurance -Term life insurance is applicable if you want insurance protection only . shop around before finalizing.
Checking account and debit card - Select a free checking account with not minimum balance required and also look into the total fees,
Savings account - should be insure by fdic for bank nlua for credit institution.
Saving -To get the most return on saving on with little risk buy cd’ - certificate of deposit or us savings bond –( series- I bond or ee)
Credit card - You should not have more than two or three credit cards. Try to pay off as much debt as you can before due date.
Car loans- Make a large down payment, pay off with the shortest term loan possible.
Mortgage loans - Choose the shortest test mortgage and pay a large down payment and as much as possible. Shop around and decide.
Mortgage refinancing - Go for refinancing only if you can get you get a rate lower than your current mortgage rate. Check out all fees and compare and decide.
Home equity loans- Compare home equity loans of reputable lending institutions and then choose. You should be very cautious while choosing home equity loan. It is easy to loose your home if you can’t pay your home equity loan.
Always make meals at home and think and prepare before hand. Prepare in bulk (especially the grinding of spices, or bread dough ) and divide into batches and keep in fridge so that you wouldn’t spend a lot of time cooking..
To buy bargain clothing go to garage sales and yard sales, department sotre and outlest stores when they have their clearance sales and resale and even thrift stores that are clearing out merchandise items for the next season.
For saving electric bills change bulbs with fluorescent bulbs, replace old refrigerators; cook in gas rather than in electric oven. Use Air conditioner which operates in more volts rather than less volts. Instead of using the dryer during summer dry out your laundry. During winter when using dryer clean. Wash during the time of the day when the electricity demand is least. Instead of using electric fountain use a solar powered fountain. For hot water also try to install a solar water heater in your house or use gas. When you wash clothes use cold water instead of hot water.
When traveling by air check and compare in internet travel sites for low fares. If it is a trip you have planned a lot earlier book it then itself. You might be able to travel with half the price. There are many airlines which have very cheap travel fares now.
Continued
