Cars http://www.wisebread.com/taxonomy/term/3888/all en-US Are Your Assets Costing You Too Much? http://www.wisebread.com/are-your-assets-costing-you-too-much <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/are-your-assets-costing-you-too-much" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_daydreaming_money_481974106.jpg" alt="Woman learning if her assets are costing her too much" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The more assets, the merrier is generally a good philosophy. But there are times when assets can actually be a drain on your financial wellbeing. Some assets cost a lot to possess and don't bring you much in return.</p> <p>Consider whether these common assets are worth their weight.</p> <h2>Your Home</h2> <p>A home can be one of your biggest assets. It can also be one of your biggest financial enemies. Ideally, you are making payments on your home, building equity, and increasing your net worth as you go. But often, homeowners find that their monthly mortgage payments are hindering their ability to make ends meet. To make matters worse, home upkeep and repairs, electricity, and other utilities may be costing you more than you bargained for. Homeownership is a great goal, but don't buy a home if it will make your life more challenging financially.</p> <h2>Your Cash</h2> <p>It may seem crazy to say that good old cash can work against you. But if you have a lot of it and there's inflation, over time it will lose value. It's great to have a healthy dose of cash on hand, but at a certain point it becomes smarter to invest your money in something with a higher rate of return. If you have large quantities of cash in bank accounts that provide a low interest rate, chances are you are making a financial mistake.</p> <h2>Your Car</h2> <p>You can count an automobile toward your net worth, but you can virtually guarantee it's going to decline in value over time. Add in the cost of maintenance, gas, and insurance, and it's likely that a car is a true drain on your finances. But you need a car to get around, so it's best to look at the true cost of ownership before buying. This means taking into account fuel mileage, reliability history, and the cost of parts and labor.</p> <h2>Your Collectible Items</h2> <p>You've got a Van Gogh hanging in your living room. There's a Mickey Mantle rookie card in your man cave. Your jewelry collection would make Elizabeth Taylor envious. All of these valuable items are nice to possess, until you take into account the expense of owning them. From storage to insurance to the cost of restoration, high-end collectibles can be a financial headache. For example, according to a Wall Street Journal report, managing an art collection could cost you between 1% and 5% of the value of the pieces annually. You may cash in big time if you ever sell these items, but the cost of ownership is high and may not be worth it.</p> <h2>Your Investments</h2> <p>It might seem backward to think of your investments as a drain on your finances, but it can happen if you're not investing in the right way. Are you investing in things that will grow in value over time, or in low-risk things that may be outpaced by inflation? Do you own a property that's costing money to maintain but not bringing in revenue? Are you paying a hefty amount in fees and commissions? Are you paying a high-priced broker or accountant to manage things even though you can probably do it on your own?</p> <h2>Your Life Insurance Policies</h2> <p>Many people don't think of life insurance as an asset, but it can be under certain circumstances. Of course, it's only a good asset for you if you believe the eventual benefit will outweigh the cost. Many life insurance policies are simply not very good &mdash; costly premiums, and low payouts.</p> <h2>Your Intangible Assets</h2> <p>Sometimes you have assets that don't really bring you any monetary gain, but may cost you money to obtain or possess. One example of this is a copyright or patent. These are things that may require upfront costs in the form of research and legal assistance, but the financial gain is uncertain. A patent has no real value until you sell it or develop a product based on it. When you acquire these types of assets, it's important to come up with some plan for monetization. Otherwise, they are simply a vehicle for sunk costs.</p> <h2>Your Inventory</h2> <p>If you run a business, any product you've manufactured but have yet to sell is considered an asset. But if you have too much inventory, that could be problematic. Inventory costs money to store. Some items might become obsolete or spoil, and result in no revenue. On the flip side, too little inventory can result in a lost sale. Smart business owners become skilled in inventory management, in which they can properly forecast sales to ensure the proper amount of product on hand.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/are-your-assets-costing-you-too-much">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/big-purchases-you-should-make-by-30-40-and-50">Big Purchases You Should Make by 30, 40, and 50</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-credit-repair-mistakes-that-will-cost-you">8 Credit Repair Mistakes That Will Cost You</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-is-your-net-worth">What Is Your Net Worth?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-quiet-millionaire-parts-4-5-building-your-net-worth">The Quiet Millionaire: Parts 4 &amp; 5 - Building Your Net Worth</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-high-is-your-score-on-the-most-important-measure-of-wealth">How High Is Your Score on the Most Important Measure of Wealth?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance assets Cars cash collections costs expense fees housing life insurance net worth Fri, 06 Jan 2017 11:00:12 +0000 Tim Lemke 1864688 at http://www.wisebread.com These 5 Expenses Will Probably Cost You a Lot Less in Retirement http://www.wisebread.com/these-5-expenses-will-probably-cost-you-a-lot-less-in-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/these-5-expenses-will-probably-cost-you-a-lot-less-in-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_bike_dog_492263352.jpg" alt="Woman finding things that cost a lot less in retirement" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are a lot of scary headlines out there about how poorly prepared people are for retirement. And it's hard to deny the research: Many people simply are not saving enough.</p> <p>One silver lining in the retirement funding equation, though, is that you'll probably spend less in your later years. Let's take a look at some of the most common costs that decline after exiting the workforce, along with some that may go up. (See also: <a href="http://www.wisebread.com/7-retirement-planning-steps-late-starters-must-make?ref=seealso">7 Retirement Planning Steps Late Starters Must Make</a>)</p> <h2>1. Housing Costs</h2> <p>Ideally, you'll retire your mortgage by the time <em>you</em> retire. Of course, you'll still be on the hook for property taxes and insurance, but entering retirement mortgage-free is one of the best ways to reduce the cost of living in your later years.</p> <p>You may also decide to downsize, which could cut the cost of home maintenance, repairs, and insurance, too.</p> <h2>2. Work Costs</h2> <p>If you're no longer working, you no longer have to worry about the cost of commuting, work-related clothing, or all those restaurant lunches. Plus, you'll no longer have to contribute to Social Security or Medicare as you probably had been doing via withholdings from your paycheck.</p> <h2>3. Car Costs</h2> <p>If you've been a two-car household during your career, it's possible that you could make it just fine as a one-car household in retirement, which would reduce the cost of vehicle maintenance, repairs, insurance, and gasoline. (See also: <a href="http://www.wisebread.com/you-cant-make-it-as-a-one-car-family-now-what?ref=seealso">You Can't Make It as a One-Car Family: Now What?</a>)</p> <h2>4. Saving &quot;Costs&quot;</h2> <p>It's hard to call adding money to a 401K or IRA a cost, but the reality is that once you're done working you'll probably stop contributing to your retirement accounts and start withdrawing from them.</p> <p>By the same token, if you had been stocking a 529-plan account or two with college money for your kids, hopefully they'll be done with school by the time you retire, so those &quot;costs&quot; should disappear as well.</p> <h2>5. Kid Costs</h2> <p>Speaking of kids, even though people are marrying and starting families later in life, by retirement, the kids should be on their own. Just think of all the money you've been spending on their clothing, food, activities, medical care, insurance, and more.</p> <h2>Caution: Your Retirement Spending May Change</h2> <p>While many costs may come down when you leave the workforce, keep in mind that retirement is not a homogeneous season of life. You'll probably be healthiest and most active when you're newly retired. That means some of your costs could actually go <em>up</em> right after retirement. You may spend more on travel and recreation, for example.</p> <p>Then, as you age, you'll probably become less mobile, which means eventually you'll spend less on recreational activities than before you retired.</p> <h2>The Big Unknown</h2> <p>The largest question mark looming on the retirement horizon is health care. Your monthly insurance premiums may decline once you go on Medicare. However, what about your potential need for nursing home care?</p> <p>While that's not the happiest topic to think about, it's far better to deal with it now than when you actually may <em>need </em>the care. To manage that risk, you may want to look into the cost of long-term care insurance. And keep in mind, your choice is not just between paying the high cost of as much coverage as possible or none at all. You could opt for a more affordable policy that would help with <em>some </em>of the costs, while leaving you responsible for some, as well.</p> <h2>The Bottom Line</h2> <p>The very real possibility that your living expenses will be less in retirement than they are now is not an excuse to shortchange your retirement accounts. The best approach is to run some numbers, creating pre- and post-retirement budgets based on your unique circumstances and retirement goals.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/matt-bell">Matt Bell</a> of <a href="http://www.wisebread.com/these-5-expenses-will-probably-cost-you-a-lot-less-in-retirement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-budgeting-skills-everyone-should-master">11 Budgeting Skills Everyone Should Master</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-dont-need-a-retirement-plan-you-need-a-financial-independence-plan">You Don&#039;t Need a Retirement Plan — You Need a Financial Independence Plan</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-frugal-living-skills-i-wish-my-parents-would-have-taught-me">8 Frugal Living Skills I Wish My Parents Would Have Taught Me</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-can-you-afford-to-spend-in-retirement">How Much Can You Afford to Spend in Retirement?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-help-your-kid-build-their-first-budget">How to Help Your Kid Build Their First Budget</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement Cars expenses family housing costs kids saving money spending the future vehicles working Wed, 14 Dec 2016 11:00:08 +0000 Matt Bell 1852822 at http://www.wisebread.com 8 Ways to Decide if It's a "Fund-Worthy" Emergency http://www.wisebread.com/8-ways-to-decide-if-its-a-fund-worthy-emergency <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-to-decide-if-its-a-fund-worthy-emergency" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/emergency_fund_piggy_bank_605778350.jpg" alt="Deciding if it&#039;s a fund-worthy emergency" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>One crucial component of a sound financial plan is to have a solid emergency fund to protect yourself against unexpected expenses. This fund should cover at least three months' worth of living expenses, and enable you to get through any crisis without too much financial hardship.</p> <p>But how do you to determine when to use your emergency fund? What kinds of expenses qualify as actual &quot;emergencies?&quot; Before you tap into your fund, ask yourself these questions first.</p> <h2>1. Is It a Want or a Need?</h2> <p>This should be common sense, but it's amazing how many people can't discern between something they desire versus something they require. Money to help pay for an important medical procedure is likely a need; it's not a good idea to risk your health just because you don't want to raid your emergency fund. Money to pay the rent or avoid default on a loan would also fall in the &quot;need&quot; category. On the flip side, a new cellphone when your current one is working just fine is probably not what the fund is for. In reality, there are very few needs in life, and they should all generally center on your basic survival.</p> <h2>2. Is It Unexpected?</h2> <p>Christmas is an expensive time. But you have an entire year to prepare for the gift-giving bonanza. A new baby is costly, but you had a nine months to save up and get ready for the new arrival. If you've had time to anticipate an event happening and save accordingly, it's best to avoid dipping into your emergency fund to pay for it. Save your emergency fund for things such as layoffs, broken appliances, medical emergencies, and other things that you truly didn't see coming.</p> <h2>3. Is It Urgent?</h2> <p>A refrigerator that no longer works is something you probably want to replace right away. A car that breaks down is something you'll want to get fixed immediately if you rely on it to get to work. But there are many bad events that aren't &quot;emergencies&quot; in the sense of requiring immediate action.</p> <h2>4. Can You Defer Payments?</h2> <p>Let's say your heat pump is busted and needs to be replaced. Price tag is in the thousands. But it's wintertime, so this seems like an emergency, right? Perhaps, but it's worth finding out if you can pay for the new heat pump in installments, or even avoid paying anything immediately. It may be possible to pay for this pricey item over time and even avoid interest payments. This doesn't get you off the hook in paying for the item, but it may buy you some time to save a little extra or earn extra income so you don't have to raid your emergency fund. Just be sure to read the fine print of any agreement.</p> <h2>5. What Are the Financial Consequences if You Don't Pay?</h2> <p>It's often tempting to use a credit card or loan to borrow funds when an emergency happens. But when you borrow, you're likely to pay interest, so you'll end up paying more in the long run. High-interest credit cards, in particular, can have a severe impact on your overall financial well-being, and payday loans are even worse. There may be times when borrowing may be necessary in order to maintain some cash reserves (you never want to tap out an emergency fund completely), but it's important to look at the broader, long-term impact on your finances. And don't even think about not paying at all, as that could negatively impact your credit score.</p> <h2>6. Are You Legally Obligated to Pay?</h2> <p>If your car breaks down, you may want tap your emergency fund to get it fixed, but no one is requiring you to do so. Things are different, however, when you are faced with a situation where you are required, by law, to pay up. Perhaps it's a tax bill, or a legal judgment against you. In these cases, it's almost always best to pay &mdash; there could fines, or even jail time. If dipping into your emergency fund helps you avoid trouble with the law, it's worth it.</p> <h2>7. Have You Exhausted All Your Saving Options?</h2> <p>Let's say you have a roof that's leaky and in need of big repairs. Before you shell out thousands of dollars to a major contractor, examine first whether you can find money by cutting everyday expenses. It's possible that you could do a small repair now, aggressively save for a few months, then take care of the bigger job. It's amazing how much money you can &quot;find&quot; by taking a knife to your spending.</p> <h2>8. Is the Emergency for Yourself, or Another Person?</h2> <p>There may be times when a friend or loved one comes to you in desperate need of money. You may be tempted to raid your emergency fund to address their problem. This is a very tricky situation, as it's generally in our nature to want to help those close to us. But remember that your emergency fund is designed to address emergencies that might impact you, not other people. It's fine to give loved ones a hand, but it gets dangerous when you put your own financial health at risk to make it happen.</p> <p>This doesn't mean you should be a straight-up coldhearted person, however. If you believe that you may encounter instances when friends or family members will be in need, consider making your emergency fund larger to take that possibility into account. Even better, open a separate sub-account, so that your own emergency fund remains untouched.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/8-ways-to-decide-if-its-a-fund-worthy-emergency">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-the-moment-you-get-a-promotion">8 Money Moves to Make the Moment You Get a Promotion</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-reasons-why-i-love-public-transportation">Five Reasons Why I Love Public Transportation</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-most-low-effort-ways-to-save-money-ever">The 10 Most Low Effort Ways to Save Money Ever</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/change-jars-and-8-other-clever-ways-to-build-an-emergency-fund">Change Jars and 8 Other Clever Ways to Build an Emergency Fund</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/73-easy-ways-to-save-money-today">73 Easy Ways to Save Money Today</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance appliances budgeting Cars emergencies emergency fund saving unexpected urgent Mon, 28 Nov 2016 11:31:04 +0000 Tim Lemke 1835353 at http://www.wisebread.com 4 Purchases With Financing Options That Depreciate Fast http://www.wisebread.com/4-purchases-with-financing-options-that-depreciate-fast <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-purchases-with-financing-options-that-depreciate-fast" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_gift_diamond_000015409595.jpg" alt="Woman finding purchases with financing options that depreciate" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's refund season. Unfortunately, the first thing most people do when they receive their tax refund is purchase big ticket items that often depreciate in value. Far worse, sometimes the refund is used as a down payment, and the purchase still requires financing. Or, it's bought before the money actually arrives and carried as a credit card balance &mdash; believing you'll use your refund to pay it off. (See also: <a href="http://www.wisebread.com/8-smart-things-to-do-with-your-tax-refund?ref=seealso">8 Smart Things to Do With Your Tax Refund</a>)</p> <p>Investing your tax refund in smart, long-lasting purchases you really need is one thing. But using the money on big-ticket items that are certain to depreciate is a losing financial proposition. Consider avoiding these depreciating purchases:</p> <h2>1. Jewelry</h2> <p>Suze Orman likes to point out that she always <a href="http://business.inquirer.net/47387/before-buying-anything-read-this-first">wears the same jewelry</a>. I'm the same way. Unless it's for a truly special occasion &mdash; such as an engagement ring, wedding band, or anniversary gift &mdash; jewelry isn't something you should buy often. Precious stones, in particular, tend to depreciate hard and fast. Ira Weissman, a 10-year veteran in the diamond business, says diamonds are a terrible waste of your money because <a href="http://www.huffingtonpost.com/ira-weissman/7-reasons-why-you-shouldn_b_1720870.html">their value often drops</a> to less than half after your purchase.</p> <h2>2. Automobiles</h2> <p>You've heard that cars lose their value the moment you drive off the lot. So, why pump so much money into something that will never appreciate in value, will only cost more money over time, and ultimately need to be replaced? And worse, why would you finance a new vehicle &mdash; taking on additional debt on top of a depreciating asset &mdash; if you don't really <em>need </em>a new car?</p> <p>The good news is, consumers have wised up to the truth about auto financing. And the automobile industry has caught on to the fact they can no longer convince people to run out and buy new cars every two to three years. But they still want your money. So, they've created an alternative scheme to traditional three to five year financing. It's an auto lease, where if you use the car for work (individual or business), you can deduct up to as much as 100% of monthly payments and other expenses. While it's not right for everyone, in some situations, it's a good alternative to taking on new car debt. Of course, the best option is still to pay for cars in cash, buying a vehicle only when you really need it.</p> <h2>3. Electronics</h2> <p>In our nation's consumer-driven economy, the sale of goods is the backbone of business. So, some businesses no longer have an incentive to make quality products that last, because consumers want the latest release with updated features. Since electronics are a necessary &mdash; and rapidly depreciating &mdash; evil, your best bet is to buy only what you need, get an extended warranty on it (if possible), insure it, and hang onto it for years to come. Help drive down the excessive costs of these expensive gadgets by simply refusing to trade them in every year.</p> <h2>4. Furniture</h2> <p>Used furniture is only as valuable as what someone is willing pay, and that's often far less than what you paid originally. Even designer furniture in good condition only fetches a small fraction of its original price. If you're in the market for furniture, buy high-quality, durable pieces if you can. Budget and plan for their purchase and acquire them over time. If you can't quite afford those high-quality items yet, consider buying them used and let someone else take the depreciation hit, instead.</p> <p><em>Are there other quickly depreciating buys we've missed? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/4-purchases-with-financing-options-that-depreciate-fast">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/frugal-tip-do-not-spend-when-you-are-sad">Frugal Tip: Do Not Spend When You Are Sad</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-warranties-that-arent-worth-it">4 Warranties That Aren&#039;t Worth It</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/never-borrow-money-for-these-5-buys">Never Borrow Money for These 5 Buys</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-times-cash-is-not-king">8 Times Cash Is Not King</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Shopping bad investments Cars depreciation electronics furniture jewelry spending value Wed, 02 Mar 2016 11:30:07 +0000 Qiana Chavaia 1664147 at http://www.wisebread.com 13 Surprising Things You Can Rent for Extra Cash http://www.wisebread.com/13-surprising-things-you-can-rent-for-extra-cash <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/13-surprising-things-you-can-rent-for-extra-cash" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_wedding_dresses_000022803729.jpg" alt="Woman earning extra money renting her wedding dress" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Okay. So you're intrigued by the whole idea of renting your stuff to make some extra money. But what exactly should you rent and how exactly do you rent it? The list of stuff you can rent for cash is so vast that your imagination is your biggest limitation. From the ordinary to the outlandish, here's what you should know about what to rent &mdash; and how to rent it successfully.</p> <h2>What Should You Rent?</h2> <p>It depends. What do you have? Where do you live? How much are you charging? Like everything else, your success as a &quot;stuff renter&quot; will depend on supply and demand. For instance, renting your <a href="http://www.wisebread.com/the-11-best-parking-apps-for-your-city">parking spot</a> or driveway will work better in densely populated areas like cities, college towns, or during special events. Renting a high-end baby stroller can work well in tourist areas, because people prefer to not lug theirs on a plane.</p> <p>But no matter how great your product, no one will rent if it's not priced right. Why would someone rent your private vehicle when a better price can be had at the auto rental place?</p> <h2>How to Rent Successfully</h2> <p>The biggest peer-to-peer marketplace is probably Craigslist, where people have had successful and lucrative experiences. Facebook is up there too with groups dedicated to connecting owners with people who want to rent their stuff. However, if you're looking to widen your scope and increase your options, you might try one of the websites below. Most of them are free to join. Some are even free to use, while others earn a commission when a rental transaction is completed.</p> <h2>Rent Anything</h2> <p>These marketplaces cast a wide net.</p> <h3>1. Craigslist</h3> <p><a href="http://www.craigslist.org/">Craigslist</a> is a huge market for renting anything and everything. It's free to list, there are no commissions to pay, and you set all of the parameters. Since there is no intermediary, take extra precautions when it comes to meeting prospective renters, and developing rental agreements to cover yourself against theft or damage.</p> <h3>2. Loanables</h3> <p><a href="https://www.loanables.com/">Loanables</a>, like Craigslist, offers the opportunity to rent things from multiple categories. Also like Craigslist, people post what they want to rent, decide on the price, and how the payment transaction is handled. Loanables does provide both parties with a rental agreement. While it is free to post a listing, Loanables takes a 10% fee for any transaction completed.</p> <h3>3. Zilok</h3> <p><a href="http://us.zilok.com/">Zilok</a>, which originated in France and has expanded to the U.S. (among other countries) is another site where people can list and rent items across multiple categories. While some locations are hot and have a lot of listings, others are non-existent. It is free to list your items, and Zilok is paid a commission when your stuff is rented.</p> <h2>Rent Your Vehicle and Parking Space</h2> <p>Your car can be a twofer &mdash; rent your car and then rent the space you park it in.</p> <h3>4. Getaround</h3> <p><a href="https://www.getaround.com/">Getaround</a> is a peer-to-peer carsharing service that is available in California (Berkeley, Oakland, San Francisco) Portland, OR, Washington, D.C., and Chicago, IL. They will be coming to NYC soon. Getaround has safeguards in place like insurance coverage and identity verification processes to help you feel secure. They also offer 24/7 support. You set the rental amount and the dates that your vehicle will be available for rent. There are no membership fees and it is free to list your vehicle. Getaround receives 40% of the rental fee and you keep a 60% cut. They advertise some users earn hundreds a month and thousands per year using their service.</p> <h3>5. ParkingSpotter</h3> <p><a href="http://www.parkingspotter.com/">ParkingSpotter</a> is an app that lets you list your parking space for extra cash. You can rent your space short term or longer term. You choose your price, though there is a guide with suggested rates. It's free to list your space and ParkingSpotter is available in multiple big cities across the U.S.</p> <h3>6. RelayRides</h3> <p><a href="https://relayrides.com/">RelayRides</a> is another peer-to-peer system that helps owners rent their vehicles for extra money. Their market is much larger than Getaround's as there are literally hundreds of cities across the country available for owners to rent their vehicle. Listing your ride is free with their app and when your vehicle is rented, you take home 75% of the rental fee. You decide the length of time it will be available to rent and the rental price. Payment is received three days after a reservation is completed.</p> <h2>Rent Your &quot;Residence&quot;</h2> <p>The term &quot;residence&quot; is sometimes used loosely based on some of the sleeping arrangements available. Think tricked out van or a tent in someone's backyard. Whether yours is eccentric or more traditional, consider one of the sites below to make some extra cash.</p> <h3>7. Airbnb</h3> <p>It's free to list your space on <a href="http://www.airbnb.com/c/kimo25?s=8">Airbnb</a>. It's probably the most liberal site out there in terms of the type of space you can rent (igloo or van with a bed anyone?). They do charge a 3% service fee when your space is rented and guests pay a guest fee. Reservations and payments are made through the site. While the site does not provide rental agreements, individual renters can supply their own if they wish. Airbnb also offers a $1,000,000 &quot;Host Guarantee&quot; against property damage.</p> <h3>8. HomeAway</h3> <p><a href="http://www.jdoqocy.com/click-2822544-10784590-1438817078000">HomeAway</a> specializes in &quot;whole spaces,&quot; so think in terms of entire houses, apartments, boats, barns, etc., not rooms. There are three listing choices. List for free and pay a 10% commission when your space is rented, pay a $349 annual fee and pay nothing when your space is rented, or pay a professional to list your space for you and pay a 13% commission when your space is rented. Owners provide their own rental agreement and payments can be handled through their website. HomeAway also owns other websites including&nbsp;<a href="http://www.travelmob.com/">TravelMob</a> (for people who live in Asia),&nbsp;<a href="http://www.kqzyfj.com/cg66p-85-7NVRPPQRSNPOVPRSSWNPSRWWPVSUSOOO">VRBO</a> (Vacation Rentals Only), and&nbsp;<a href="http://www.vacationrentals.com/">VacationRentals.com</a>.</p> <h3>9. Roomorama</h3> <p><a href="http://www.jdoqocy.com/click-2822544-12325506-1440752446000">Roomarama</a> is for people who are interested in renting out a room, apartment or condo, or house. It's free to list your space and Roomorama does not earn a commission when someone books it. Instead, Roomorama collects a fee from the guests. Roomorama collects the rental fee and sends it to you through PayPal, which deducts a 3% transaction fee.</p> <h2>Rent Your Photography Equipment</h2> <p>Camera and gear gathering dust? Put it to work.</p> <h3>10. Cameralends</h3> <p>Are you a photography buff with lots of equipment that you wouldn't mind renting to others? Well even if you only have a few pieces, you could turn your equipment into passive income. <a href="https://www.cameralends.com/">Cameralends</a> specializes in connecting owners with people who want to rent everything from cameras to lenses, lighting, video recording equipment, and more. It is free to join the site, and they take 10%&ndash;30% of the profit from successful rentals. Payments are handled online, and security measures are in place to ensure the safety of your equipment.</p> <h2>Rent Yourself</h2> <p>You are your most valuable resource.</p> <h3>11. Bridesmaid for Hire</h3> <p>I suppose we shouldn't be too surprised that this is an option, but it is.&nbsp;<a href="http://bridesmaidforhire.com/">Bridesmaid for Hire</a> is a newish option that lets those in need hire various bridesmaid services such as virtual support and wedding planning, all the way up to acting as a bridesmaid or maid of honor on the big day. Prices start at $199 to over $1000. The business is expanding and they are looking to add more bridesmaids (mother of the brides, etc.) to their network. If you think you'd enjoy renting yourself out as a bridesmaid&nbsp;<a href="http://bridesmaidforhire.com/become-pro/">consider applying</a>!</p> <h3>12. RentAFriend</h3> <p><a href="http://rentafriend.com/index/">RentAFriend</a> is a &quot;strictly platonic website that allows you to rent friends from all over the world.&quot; The type of friends available range anywhere from dinner/movie companions, to being a tour guide for out of town visitors, teaching a language, sharing art or cooking skills, and more. It is free to list a profile and set your own hourly rate, which is usually between $15&ndash;$50 an hour. The site claims that some people earn several hundred per week and keep 100% of the proceeds. RentAFriend earns money through membership fees paid by those who want to rent friends.</p> <h2>Rent Your Wedding Dress</h2> <p>You looked great in it &mdash; and the money it earns will look good in your savings account.</p> <h3>13. Borrowing Magnolia</h3> <p><a href="https://www.borrowingmagnolia.com/">Borrowing Magnolia</a> is a website is for people who want to make some extra cash by renting their wedding dress to others. It's an easy and stress-free way to make an extra buck because the staff does all of the work for you. Interested parties will complete a &quot;submit a dress&quot; application which consists of question about the dress, along with some pictures. If your dress is accepted, you'll work directly with the staff regarding the rental price and how much you'll earn per rental. Shipping, cleaning, and maintaining the dress is taken care of by them.</p> <p>Renting your belongings can be a great way to bring in some extra income. You can do it around your schedule, control what you rent and to whom, and set the price and length of time. But first, take a little time to conduct some due diligence about rental guidelines, laws, and of course taxes in your area. Once you know, you'll be limited only by your creativity. Good luck!</p> <p><em>Have you rented out your stuff before? What was it like? Let me know in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kim-owens">Kim Owens</a> of <a href="http://www.wisebread.com/13-surprising-things-you-can-rent-for-extra-cash">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-make-amazon-pay-you">7 Ways to Make Amazon Pay YOU!</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-easy-ways-retirees-can-earn-extra-income">9 Easy Ways Retirees Can Earn Extra Income</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-simple-plan-for-saving-up-a-2000-fun-fund">A Simple Plan for Saving Up a $2000 Fun Fund</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-to-make-an-extra-1000-this-summer">9 Ways to Make an Extra $1,000 This Summer</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-sell-your-body-to-science">6 Ways to Sell Your Body to Science</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks Extra Income Cars earning money loaning parking peer-to-peer renting renting house wedding dresses Thu, 10 Sep 2015 21:00:26 +0000 Kim Owens 1553392 at http://www.wisebread.com Uber, Lyft, and More — Where to Find the Best Rideshare Deals http://www.wisebread.com/uber-lyft-and-more-where-to-find-the-best-rideshare-deals <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/uber-lyft-and-more-where-to-find-the-best-rideshare-deals" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_ride_sharing_000025867571.jpg" alt="Woman making sense of ridesharing prices" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Learning how to use ridesharing apps is a <a href="http://www.wisebread.com/15-modern-life-skills-everyone-should-master">modern skill you should master</a>, but which service is actually the best deal? We're comparing <a href="http://www.wisebread.com/how-to-score-free-rides-on-uber-lyft-and-sidecar">Uber</a>, Lyft, and other options to make sense of rideshare pricing.</p> <h2>Uber</h2> <p><a href="https://www.uber.com/">Uber</a> is definitely the top competitor in the space and they have the most cars on the road in the most cities. In comparison to a taxi, however, it turns out that Uber's pricing only beats the average taxi on <a href="http://www.technologyreview.com/view/535886/data-mining-reveals-when-a-yellow-taxi-is-cheaper-than-uber/">trips greater than $35</a>. But the convenience and speed of getting an Uber versus calling a taxi service makes it the better option for many.</p> <p>Price surging is the main drawback to Uber. If demand is high, Uber will increase the pricing commensurate to demand. This means that in big cities like L.A. or New York, prices can double or more during rush hours and on holidays like New Year's Eve. If you need to get around for as cheap as possible without the prolonged travel time of a bus, the new shared-ride service called Uber Pool can be as low as $3 per person, depending on your destination. You share the car with one or two other riders who are going a similar direction.</p> <p>Get a fare estimate for any trip using this <a href="http://uberestimate.com/">unaffiliated Uber calculator</a>.</p> <h2>Lyft</h2> <p><a href="http://track.flexlinks.com/a.ashx?foid=1029882.1473799&amp;fot=9999&amp;foc=1" target="_blank" rel="nofollow">Lyft</a>, the app whose cars wear a pink mustache, attempts to be the equivalent of getting a ride from a friend. The overall casual and fun attitude is clear on their app and with their drivers. The best upside: no big price hikes during peak travel times. A downside: Lyft is not as widely available as Uber, but they are working toward adding new cities and drivers.</p> <p>While Lyft's pricing is comparable to Uber's, it can climb higher when factoring in tipping your driver, which is encouraged. Lyft drivers are generous (expect to find candy, water bottles, and gum in the backseat) and friendly, so you will likely be compelled to tip.</p> <p><a href="http://track.flexlinks.com/a.ashx?foid=1029882.1473799&amp;fot=9999&amp;foc=1" target="_blank" rel="nofollow">$15 Off first ride for new customers with code: LYFTAFF70457</a></p> <h2>Sidecar</h2> <p><a href="https://www.side.cr/">Sidecar</a> is a smaller, but interesting player in the ridesharing arena. Drivers name their own prices and filter their own rides. Riders get their pricing up front once they type in the destination, and riders get to <a href="http://www.theverge.com/2014/2/20/5429350/sidecar-ridesharing-app-relaunches-as-a-friendlier-uber-competitor">choose a driver</a> &mdash; unlike Uber or Lyft, which both assign whomever takes the request first.</p> <p>Pricing varies by driver, so while some might be as low as pocket change, others might offer a more luxurious ride for a higher price. The biggest drawback to Sidecar is that it not as available in many cities. If you live in the Bay Area, Seattle, Washington, D.C., San Diego, Chicago, Boston, and Charlotte, it's possible that an Uber or Lyft driver might be moonlighting on Sidecar.</p> <h2>Taxi</h2> <p>Taxi cabs are usually the last resort when you have no choice, and that has worked to the taxi industry's advantage (getting your business) and disadvantage (earning your disdain) for years. That said, taxis don't price surge, they are available at every airport while app drivers are not, and they are licensed professionals whose companies are more liable for their drivers than the app companies, which <a href="http://www.newyorker.com/business/currency/uber-lyft-liability">operate in a legal gray area</a>.</p> <p>Taxi cabs usually start with a base fare ranging from $2&ndash;$5, plus a per-mile rate ranging from $1&ndash;$4. You can also find out when <a href="http://bgr.com/2015/03/18/uber-vs-taxi-cost/">Ubers are cheaper than taxis</a> with a new app that neither cab companies nor Uber wants us to know about.</p> <h2>Your Car</h2> <p>There will be times when nothing other than your own car will do: picking up your parents at the airport (good luck trying to get them to use Uber), days full of many tiny errands, or the dreaded trip to Ikea. But with the <a href="http://www.gasbuddy.com/GB_Price_List.aspx?cntry=USA">average gas price</a> in the U.S. varying from $2.30 to $3.90 per gallon, we're all trying to save money on personal car use.</p> <p>Carpooling has become a more viable option for most people in suburban areas, especially for long commutes and road trips, when you can take advantage of the carpool lanes or have your passengers kick-in a little for sharing the car. Find out how much you can <a href="http://www.cleanaircampaign.org/Your-Commute/Commute-Calculator">save by carpooling</a>.</p> <h2>The Rankings</h2> <ol> <li>Your car is still the <a href="http://www.mandatory.com/2015/02/05/is-taking-an-uber-all-the-time-cheaper-than-owning-a-car/">cheapest and most convenient</a> choice for most of the U.S., especially for burdensome errands and personal trips. If you carpool, it's an even better deal (though Uber is <a href="http://www.businessinsider.com/ubers-plans-to-be-cheaper-than-owning-a-car-2015-2">trying to change that</a>).<br /> &nbsp;</li> <li>Uber, Lyft, and Sidecar's advantages of speed and convenience make them ideal when traveling or on a night out. Of the apps, Uber is the most consistent and the best deal.<br /> &nbsp;</li> <li>Taxis are still the best option for remote locations and select airports because they have access that apps are still trying to gain, but the longer the trip, the more expensive it will be compared to an Uber.</li> </ol> <p>To compare your options in the moment, try using new app <a href="http://www.priceride.com/">PriceRide</a>, which can reveal the best price for any given trip.</p> <p><em>What's your favorite ridesharing service?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amanda-meadows">Amanda Meadows</a> of <a href="http://www.wisebread.com/uber-lyft-and-more-where-to-find-the-best-rideshare-deals">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-score-free-rides-on-uber-lyft-and-sidecar">How to Score Free Rides on Uber, Lyft, and Sidecar</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-earn-extra-money-driving-for-uber-or-lyft">How to Earn Extra Money Driving for Uber or Lyft</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-make-more-money-as-an-uber-driver">How to Get a High Rating and Make More Money as an Uber Driver</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-simple-plan-for-saving-up-a-2000-fun-fund">A Simple Plan for Saving Up a $2000 Fun Fund</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-uber-saving-or-costing-you-money">Is Uber Saving or Costing You Money?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks carpooling Cars lyft ridesharing taxis Uber Fri, 19 Jun 2015 13:00:16 +0000 Amanda Meadows 1457075 at http://www.wisebread.com Big Purchases You Should Make by 30, 40, and 50 http://www.wisebread.com/big-purchases-you-should-make-by-30-40-and-50 <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/big-purchases-you-should-make-by-30-40-and-50" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_empty_piggybank_000018649757.jpg" alt="Man planning big purchases at 30, 40, and 50" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It used to be that major purchases such as a house or a car were rites of passage into adulthood. Sure, times are changing, and the new generation isn't buying all the things their parents did. But there are some things you probably <a href="http://www.wisebread.com/the-7-scariest-big-purchases-people-make">can't avoid buying</a>. Here are the big purchases most of us should make by ages 30, 40, or 50.</p> <h2>By Age 30</h2> <p>By the time we reach 30 we've turned the corner from the youth to adulthood, and our possessions show it.</p> <h3>A Car</h3> <p>As more people choose to live in cities, and use mass transit or ride-sharing apps, it's become less necessary to own a car. That said, many of us still have a lifestyle that requires owning a set of wheels. If this is the case for you, by the age of 30, you probably should have purchased a car <em>by yourself for yoursel</em>f. (See also: <a href="http://www.wisebread.com/the-joy-of-buying-a-new-car-9-car-buying-tips?ref=seealso">The Joy of Buying a New Car: 9 Car Buying Tips</a>)</p> <h3>A Real Bed</h3> <p>This is something everyone avoids for years. Millenials have bought and sold cars well before buying a new bed for themselves. Once you are old enough to live on your own, an ugly used frame propping up a <a href="http://www.wisebread.com/deep-clean-your-mattress-for-a-better-nights-sleep">decades-old (and filthy) mattress</a> just won't do. A more comfortable bed will help you sleep better, and sleeping better will improve your overall health, which will cost you less in the long run. It's one of the best investments you can make in your 20s. Now that one can <a href="http://www.wisebread.com/how-to-buy-the-best-mattress-for-the-least-money">buy affordable and comfortable mattresses online</a>, there's no excuse anymore!</p> <h2>By Age 40</h2> <p>What lies around the corner from age 30? A nest and a family of one's own.</p> <h3>A Home</h3> <p>This can be the most emotional purchase you'll ever make, especially in areas of the country where it's virtually impossible for the average person to afford a home. For those of us who want to own our own home, working toward buying before age 40 is a worthy goal. It's wise to start making sound decisions in your 20s and 30s that will keep your financial state healthy, such as building your credit, in anticipation of a home loan.</p> <h3>Home Appliances</h3> <p>Not every home, whether bought or rented, will come equipped with everything you need. As you get older, you'll probably grow tired of washing your dishes in the sink, or going to the laundromat like you did in your 20s. Eventually, you'll break down and buy a refrigerator, dishwasher, a washer/dryer set, or woodworking tools for the garage. Make sure you do your comparison homework in order to get the best appliance deals.</p> <h2>By Age 50</h2> <p>By now the roots are set deep and the big purchases are behind us, but there are a few big buys that mark time's passage.</p> <h3>Life Insurance</h3> <p>As you get older and have children, you'll want to be covered for whatever may happen. By age 50, you'll almost definitely want to consider life insurance &mdash; well before you develop any chronic health issues or are old enough for premiums to skyrocket. Think about what you need from your life insurance and start planning your beneficiaries' financial future. (See also: <a href="http://www.wisebread.com/universal-life-insurance-and-whole-life-insurance-a-comparison?ref=seealso">Universal Life Insurance and Whole Life Insurance: A Comparison</a>)</p> <h3>Contractor Work</h3> <p>At this point in your life, making renovations on your bathroom or kitchen, adding on to your home, or re-landscaping your backyard is common. In fact, some renovations <a href="http://www.wisebread.com/10-home-renovations-that-almost-pay-for-themselves">nearly pay for themselves</a> over time. If you've never hired a contractor, you'll need to create a budget and detailed timeline, along with a cash buffer for incidentals, accidents, and hotels if you cannot stay in the home at a certain point. Extra frugal? It's also worth <a href="http://www.wisebread.com/is-diy-home-renovating-for-you">considering DIY renovations</a>.</p> <p><em>Which major purchases do you think signify life milestones?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amanda-meadows">Amanda Meadows</a> of <a href="http://www.wisebread.com/big-purchases-you-should-make-by-30-40-and-50">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-assets-costing-you-too-much">Are Your Assets Costing You Too Much?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/welcome-to-container-city-how-shipping-containers-are-recycled-into-green-dwellings">Welcome to Container City - How Shipping Containers Are Recycled into Green Dwellings</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8000-housing-tax-credit-can-now-be-turned-into-cash-at-closing-according-to-fha">$8000 housing tax credit can now be turned into cash at closing according to FHA</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-decide-if-its-a-fund-worthy-emergency">8 Ways to Decide if It&#039;s a &quot;Fund-Worthy&quot; Emergency</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-not-buy-something-just-because-you-can-afford-it">Do not buy something just because you can afford it</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance appliances big purchases Cars housing life insurance real estate Thu, 07 May 2015 13:00:08 +0000 Amanda Meadows 1410180 at http://www.wisebread.com 4 Warranties That Aren't Worth It http://www.wisebread.com/4-warranties-that-arent-worth-it <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-warranties-that-arent-worth-it" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shopping_000019329937.jpg" alt="Woman shopping and learning which warranties aren&#039;t worth it" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most of us believe that it's better to be safe than sorry.</p> <p>However, when it comes to buying warranties, you may be acting on emotion. It's time to step back and take a closer look at those extended warranties &mdash; your extra peace of mind may be coming with a hidden high cost. Here are four warranties that aren't worth it.</p> <h2>1. Warranties That Are Too Expensive</h2> <p>According to the Service Contract Industry Council, most <a href="http://www.bbb.org/phoenix/news-events/consumer-tips/2014/12/be-in-the-know-before-buying-extended-warranties/">extended warranty costs</a> are 10% to 20% of the sales price. Anything above that 20% benchmark may be too much, particularly for small ticket items. For example, a $20 extended warranty on a $55 panini press is a waste of money.</p> <p>On the other hand, buying a $150 warranty on a $2,000 computer is a more sensible purchase. Not only is that warranty just 7.5% of the total price, but it'd also cover the high cost of replacing parts.</p> <h2>2. Warranties Shorter Than Those From Your Credit Card</h2> <p>There is no need to pay twice for coverage that you may already have. As long as you complete the entire purchase on a single credit card, most major credit card companies will extend the original manufacturer's warranty up to one additional year.</p> <p>Review the fine print on your credit card's extended warranty for other applicable limits, such as the maximum purchase price and maximum dollar value of claims within the same year. As long as you're aware of applicable exclusions and requirements, having a credit card with an excellent extended warranty can be a lifesaver. (See also: <a href="http://www.wisebread.com/how-to-take-advantage-of-free-extended-warranty-from-your-credit-card-issuer?ref=seealso">How to Take Advantage of the Free Extended Warranty From Your Credit Card Issuer</a>)</p> <h2>3. Warranties for Products With Low Repair Rates</h2> <p>Some people claim that things aren't built to last anymore. However, surveys from Consumer Reports seem to indicate that it may all just be in our heads. The <a href="http://www.consumerreports.org/cro/magazine/2014/02/repair-or-replace/index.htm">repair rates</a> for several items are going down.</p> <ul> <li>Laptops had a repair rate of 36% in 2010, and 24% in 2013.</li> <li>LCD TVs had a repair rate of 15% in 2010, and 7% in 2013.</li> <li>Dishwashers already had a <a href="http://www.investopedia.com/articles/pf/07/warranties.asp">low repair rate</a> of 13% back in 2004.</li> </ul> <p>Consumer Reports found that appliances usually don't break during the extended warranty period. Even when breakdowns occur, the median cost of a repair ($152) isn't that much more than the median price of a warranty ($136).</p> <p>A great alternative to extended warranties for products with low repair rates is to put the money you would have spent on the warranty in a savings account, instead. By &quot;self-insuring,&quot; you're keeping the money and gaining interest on your rainy day fund.</p> <h2>4. Unsolicited Car Warranties</h2> <p>There are warranties that aren't worth the money, and then there are warranty scams.</p> <p>For several decades, the FCC has been warning consumers about <a href="http://www.fcc.gov/guides/auto-warranty-scams">auto warranty scams</a>. Malicious companies prey on consumers whose auto warranties are about to expire &mdash; or in some cases, they may not even be close to expiration. Back in 2008, the Better Business Bureau received more than <a href="http://www.bbb.org/central-illinois/migration/other-news/2009/02/bbb-warns-deceptive-auto-warranty-solicitations-plague-consumers-nationwide/">140,000 consumer calls</a> to confirm the legitimacy of companies claiming to sell auto warranties.</p> <p>For example, in the year that the basic warranty of my 2012 Volkswagen Passat was set to expire, I started receiving unsolicited mail with warnings in big, bold letters; &quot;Final Notice: Expiring Auto Warranty.&quot; After ignoring a couple of these mailers, additional ones started pouring in with labels such as &quot;<a href="http://www.ncdoj.gov/getdoc/28440855-e863-431f-9e60-c46e13226298/Warranty-mailer.aspx">2nd Attempt</a>,&quot; &quot;Time Sensitive,&quot; or &quot;<a href="http://www.ncdoj.gov/getdoc/9c4deb4f-8f10-4206-bd5b-2ab75bf70bcc/Warranty-Mailer-2.aspx">Vehicle Alert Notice</a>.&quot; Then, the calls started coming in every single week. It was all from unscrupulous car warranty salespeople.</p> <p>Don't cave in to the pressure and protect yourself against potential car warranty fraud:</p> <ul> <li>Don't provide any personal or financial information over the phone to unsolicited telemarketers.<br /> &nbsp;</li> <li>Resist high-pressure pitches from salespeople or mailers that urge you to act now. Those &quot;final deadlines&quot; extend for several months over and over.<br /> &nbsp;</li> <li>These car warranties rarely pay claims. The BBB reports that <a href="http://stlouis.bbb.org/storage/142/documents/vehicleservicecontractstudy2011.pdf">93% of vehicle service claims</a> are denied under these warranties.<br /> &nbsp;</li> <li>Never agree to any contract without having a physical copy of the contract and an appropriate timeframe to review the fine print.<br /> &nbsp;</li> <li>A major red flag is the requirement of a down payment to view a contract. Don't agree to pay over the phone.<br /> &nbsp;</li> <li>Search online for the name of the company offering the auto warranty (such as <a href="http://www.ncdoj.com/getdoc/221259f6-b0a2-40aa-801c-f76835f31be2/AG-Cooper-gives-auto-warranty-sellers-the-boot.aspx">U.S. Fidelis</a>), since some of those companies are often in trouble with the law. Or, check the company with your <a href="http://www.usa.gov/directory/stateconsumer/">state and local consumer agencies</a>.<br /> &nbsp;</li> <li>File a complaint with the FCC by visiting <a href="http://consumercomplaints.fcc.gov">consumercomplaints.fcc.gov</a>, calling 1-888-CALL-FCC (1-888-225-5322), or writing to Federal Communications Commission, Consumer and Governmental Affairs Bureau, Consumer Inquiries and Complaints Division, 445 12th Street, SW, Washington, DC 20554.<br /> &nbsp;</li> <li>Place your phone number on the <a href="http://www.donotcall.gov">National Do Not Call Registry</a>.</li> </ul> <p><em>What are some warranties that you wished you never paid for?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/4-warranties-that-arent-worth-it">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-get-the-most-out-of-a-home-warranty">10 Ways to Get the Most Out of a Home Warranty</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-brands-with-the-best-warranties">6 Brands With the Best Warranties</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-purchases-with-financing-options-that-depreciate-fast">4 Purchases With Financing Options That Depreciate Fast</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-home-buys-you-should-never-skimp-on">8 Home Buys You Should Never Skimp On</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Shopping appliances Cars electronics repairs scams warranties Wed, 01 Apr 2015 15:00:11 +0000 Damian Davila 1360904 at http://www.wisebread.com 8 Dangerous Mistakes Even Safe Drivers Make http://www.wisebread.com/8-dangerous-mistakes-even-safe-drivers-make <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-dangerous-mistakes-even-safe-drivers-make" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man-driving-talking-phone-Dollarphotoclub_67350021.jpg" alt="man driving phone" title="man driving phone" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are bad drivers, and there are good drivers. There are reckless drivers, and safe drivers. Most of us, hopefully, fall into the latter category. But how many of us are making dangerous mistakes even though we think we're actually safe drivers?</p> <p>Take a look through some of the findings at the National Safety Council's&nbsp;<a href="http://www.nsc.org/learn/NSC-Initiatives/Pages/distracted-driving-research-studies.aspx">Distracted Driving Research Studies</a>, and you might be surprised that the answer is: many of us. But are you one of them? As you look through the following list, how many of these eight dangerous mistakes are you making?</p> <h2>1. Hitting the Gas on Green</h2> <p><iframe width="605" height="340" src="https://www.youtube.com/embed/PzlEQvRkhHc" frameborder="0" allowfullscreen=""></iframe></p> <p>Wait a minute; green means go, right? Well of course, but red also means stop, and that doesn't seem to make much of a difference for some very bad drivers out there. Whether they aren't paying attention, drunk, or even evading the police, thousands of drivers run red lights every year. If they happen to be very late, and you hit the gas the second the light turns green, you could&nbsp;<a href="https://www.youtube.com/watch?v=PzlEQvRkhHc">get into a major accident.</a> It's not your fault, but that doesn't make the consequences any less severe. So, when the light turns green, look left and right, and make sure the path is clear before you pull away. Blindly accelerating could be dangerous, or even deadly.</p> <h2>2. Driving Drowsy</h2> <p>I was talking to my father-in-law once about some of the long road trips he used to make, and he said he would often pull his nose or arm hair out when he was getting drowsy, and the sting would wake him up. We all laughed, but drowsy driving is no laughing matter.</p> <p>In a 2005 study, over 103 million U.S. drivers admitted to&nbsp;<a href="http://drowsydriving.org/about/facts-and-stats/">falling asleep at the wheel</a>. Fatigued driving results in around 100,000 police-reported accidents every year, with over 1,550 deaths, 71,000 injuries, and over $12.5 billion in losses. This is completely unacceptable. If you feel yourself getting sleepy while driving, you must pull your car over when it is safe to do so, and rest. Take a nap, drink something with caffeine, or even go for a walk. You need to be completely alert before continuing your journey.</p> <h2>3. Poor Mirror Positioning</h2> <p>Look in your side mirrors &mdash; what do you see? Most likely, you'll see some of your car. This is not necessary, and means you are missing some of the road; which can lead to accidents. The idea of side mirrors is obviously not to check to see if your car is still there, but to look behind you without having to take your eyes of the road for longer than necessary. By adjusting your wing mirrors so that your car is no longer visible, you can <a href="http://pages.cs.wisc.edu/~gdguo/driving/BlindSpot.htm">eliminate the blind spot</a>. You also want to make sure your rear view mirror is angled correctly for you. If you share a car with someone else, this often goes out of alignment. Check it every time you drive.</p> <h2>4. Driving Too Slow in the Left Lane</h2> <p>There is a speed limit. There is also a minimum speed limit on some roads. You may think that by hitting that limit, say 55, you are being safe and have no reason to worry. But by maintaining the bare minimum speed in the left lane, you are forcing other drivers who want to go the maximum allowed speed to pass you. Any time you force people to change lanes, you are making the roads less safe, and can actually contribute to road rage if you create backed-up traffic. By all means go the safe speed you want to go, but do it in the far right lane. Or, if you see someone coming up fast in your mirror, prepare to move over safely and let them pass.</p> <h2>5. Poor Signaling Habits</h2> <p>Your indicators are there to tell other drivers what your intentions are. When you use them incorrectly, or forgetfully, you are being a poor communicator. This can lead to accidents, especially if you plan to keep going straight at a turn, and the other driver pulls out. You should be using your turn signal at least 100 feet before changing lanes or turning (it can be 200 feet in some states). Once you have completed the turn, you must turn off the signal. Loud music or forgetfulness can be at fault for signals that stay on longer than necessary, and this can lead to accidents when other drivers wrongly assume your intentions.</p> <h2>6. Driving With Loose Objects in the Car</h2> <p>Your car is not a home for books, toys, gadgets, and other devices. Yet if you take a look in your car, how many of these items are just strewn around in there? During the course of everyday driving, it's no big deal. But if you are involved in a crash, even at lower speeds, these items can become projectiles that can cause injury, or even death. You should make sure anything unnecessary for the journey is stored securely in the trunk. Pets need to be harnessed, and cell phones should be in a secured holder.</p> <h2>7. Talking on the Phone</h2> <p>You may think that you are perfectly capable of talking and driving at the same time, but you are being distracted. Some people say it's the same as listening to music, but it's not. Music is a passive experience, but a conversation is active, and the person on the other end of the phone has no idea of your surroundings. Even if you are using a hands-free set, you are not reducing the risks of an accident. Your car is there to get you from A to B. It is not a phone booth. If you must make a call, you should safely pull over and do so. Yes, it adds time to your journey, but if we all did this we'd make the roads much safer. And of course, texting is akin to drunk driving; don't even go there.</p> <h2>8. Speeding up Through Yellow Lights</h2> <p>It seems that drivers have two different interpretations of the yellow light. Some think it means &quot;prepare to stop&quot; and others think it means &quot;floor it, a red light is coming.&quot; If you are close to a traffic signal, and the light changes from green to yellow, then you are fine to keep going. But if you see the light change and have to hit the gas to scrape through it, you are being a dangerous driver. All it takes is for another driver to be a little premature on their green light (see point #1), and you have a major accident. You could also hit a pedestrian.</p> <p><em>Which of these do you do on a regular basis? Do you know any other dangerous moves that even your &quot;safest&quot; friends or relatives make? Let us know.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/8-dangerous-mistakes-even-safe-drivers-make">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/snow-patrol-winter-driving-safety-kit-must-haves">Snow Patrol: Winter Driving Safety Kit Must-Haves</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/it-bear-repeating-driving-slower-saves-you-money">It Bears Repeating - Driving Slower Saves Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/bicycling-safety-in-the-city">Bicycling Safety in the City</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/your-ssn-can-now-be-accurately-guessed-using-date-and-place-of-birth">Your SSN Can Now Be Accurately Guessed Using Date and Place of Birth</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-avoid-theft-while-traveling">How to Avoid Theft While Traveling</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> General Tips Cars dangerous driving driving safety transportation Tue, 03 Feb 2015 12:00:05 +0000 Paul Michael 1284839 at http://www.wisebread.com 7 Ways to Prepare Your Car for Winter http://www.wisebread.com/7-ways-to-prepare-your-car-for-winter <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-ways-to-prepare-your-car-for-winter" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman-cleaning-snow-windshield-Dollarphotoclub_28403476.jpg" alt="woman cleaning snow car" title="woman cleaning snow car" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The weather outside may be frightful, but your driving experience can still be delightful. All it takes is a little preparation to set yourself up for a safe and sound winter driving season.</p> <p>Of course, the best advice is always this: When the roads are slick and unsafe, stay home. But if you must go out, you'll be glad you planned ahead.</p> <h2>1. Check the Battery</h2> <p>Your vehicle's battery <a href="http://corporate.interstatebatteries.com/winterizing_batteries/">loses 33% of its power</a> when the temperature dips below freezing and as much as 60% of its juice when the mercury falls below zero. So it's wise to give the battery and its charger a once-over to ensure they're performing optimally. A quick trip to your local car technician will quickly reveal whether the battery is winter-ready, or corroded and otherwise not performing well.</p> <h2>2. Switch to Winter Wiper Blades and Cold Weather Washer Fluid</h2> <p>Windshield wipers are crucial to a clear view from the driver's seat &mdash; but a nasty winter storm makes their job many times harder. That's why you should consider investing in a pair of winter blades, which are built to withstand precipitation and freezing cold. Most winter blades are encased in a protective rubber shell that prevents ice and snow from hardening on the wiper. The going rate for a pair ranges from less than $20 to about $40, depending on size and quality.</p> <p>While you're attending to windshield issues, car safety experts also suggest switching over to cold weather washer fluid, or any brand containing antifreeze.</p> <h2>3. Store a Shovel in the Trunk</h2> <p>You're driving down the road when your tires hit a patch of ice that sends you sliding into a snow bank. It's a gentle spinout that causes no injury or damage, but now your front tires are sunk in a heap of fresh snow. You're not going anywhere for awhile &mdash; unless you packed a shovel and have the muscle to dig yourself out. The shovel needn't be a humdinger, just something sturdy that fits in the trunk.</p> <h2>4. Check the Tire Pressure</h2> <p>For every 10 degree change in temperature, car tires <a href="http://www.goodyear.com/cfmx/web/corporate/media/news/story.cfm?a_id=371">lose a pound of pressure</a>. That's why it's wise to make sure the pressure in all four tires is in check at the outset of the winter season. In cold weather, any pressure imbalance will be made that much worse.</p> <h2>5. Evaluate the Tire Tread Depth</h2> <p>Car tires in any season need <a href="http://www.tirerack.com/winter/tech/index.jsp">a tread depth of at least 6/32-inch</a> to get adequate traction, according to Tire Rack. If yours fall short, you're going to need to go tire shopping. Wintry road conditions necessitate even more depth than normal to help the tire grooves compress and release snow as they roll. Without sufficient tread depth, spinouts are more likely.</p> <p>Should you opt for new winter tires, be sure to get a full set. Mounting winter tires on the front of a front-wheel-drive car can prompt sliding while putting winter tires only on the back of a rear-drive car will make turns more difficult.</p> <h2>6. Switch to Thinner Oil</h2> <p>Cold weather thickens the engine oil, which forces the car battery to work double time to get your car running smoothly. But you can give your battery a break and prevent potential engine trouble by switching over to a thinner oil. Most vehicles are served well by a 5W-20, 5W-30, or 10W-30 oil formula, but be sure to <a href="http://www.consumerreports.org/cro/2012/12/winterizing-your-vehicle/index.htm">check your owners manual</a> for notes on compatibility. It's also wise to have the oil filter changed to maintain fluidity.</p> <h2>7. Pack a Blanket</h2> <p>Should you get stranded on the side of a highway during a temper tantrum by Jack Frost, you'll be much less likely to run the risk of frostbite, hypothermia, or plain old cold weather discomfort if you've got a warm blanket stowed away in the trunk. While you're at it, it's not a bad idea to add a set of hand warmers, gloves, a wooly hat, a flashlight, bottled water, and a non-perishable snack to your winter weather emergency survival kit. Here's hoping you never have to use it.</p> <p><em>What do you do to prep your car for winter?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/7-ways-to-prepare-your-car-for-winter">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-cheap-ways-to-make-your-car-look-awesome">12 Cheap Ways to Make Your Car Look Awesome</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/56-life-hacks-to-help-you-win-at-winter">56 Life Hacks to Help You Win at Winter</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-reasons-why-i-love-public-transportation">Five Reasons Why I Love Public Transportation</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-great-jobs-for-snowbirds">9 Great Jobs for Snowbirds</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-frugal-destinations-for-a-dreamy-winter-getaway">8 Frugal Destinations for a Dreamy Winter Getaway</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living auto Cars driving emergencies snow winter Wed, 24 Dec 2014 18:00:09 +0000 Brittany Lyte 1271197 at http://www.wisebread.com 9 Things to Never Do When Your Car Breaks Down http://www.wisebread.com/9-things-to-never-do-when-your-car-breaks-down <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-things-to-never-do-when-your-car-breaks-down" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman-hitchiking-broken-car-Dollarphotoclub_55893103.jpg" alt="woman hitchiking broken car" title="woman hitchiking broken car" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A car breakdown is not a common occurrence for the average motorist. In fact, it has yet to happen to me, although I have only been driving for 13 years. However, at some point your car could break down, be it a mechanical failure, an electrical issue, or a flat tire. When that happens, you will probably call your insurance or a tow service first. But make sure you also take heed of the following list. It will save you time, money, and maybe even your life. (See also: <a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash?ref=seealso">Repair the Car or Spend the Settlement?</a>)</p> <h2>1. Do Not Stay in the Car</h2> <p>Unless the weather is extreme, you need to get everyone out of the car and away from the road. Ideally, people should be behind a crash barrier if there is one. Of course, if the weather is extreme, you may have to balance the risks of staying in the car and being hit, with the possibility of exposure or other weather-related conditions. And if you are in a dangerous area, you may need to lock yourself in the car until help arrives. Try and get the car as far away from the road as possible in these exceptions.</p> <h2>2. Do Not Exit the Vehicle Using the Doors Nearest the Traffic</h2> <p>This may seem like common sense, but few people are thinking clearly when they're in a situation like this. The first reaction is to get out of the car and look under the hood. But if you exit using the driver's door, you are at much greater risk of being hit by a vehicle. It may seem like a pain, but get out of the doors that are furthest from the flow of traffic. It is much safer.</p> <h2>3. Do Not Stand Behind, or Next to, the Vehicle</h2> <p>Once you're out of the car, you need to get a safe distance away from it. Remember, a car parked by the side of the road can be a distraction, and there are plenty of horrific crashes and near misses caught on camera every year. You do not want to be leaning on the car when a vehicle doing 60 mph smashes into it. Like it says above, get behind a crash barrier.</p> <h2>4. Do Not Accept Help From Unofficial Sources</h2> <p>It's a sad sign of the times that this one is on the list. But, it's necessary. Good Samaritans are everywhere, but so are predators, scam artists, and thieves. Even if their intentions seem genuine, someone could be setting you up for something unthinkable. You never want to get into their car if they offer to take you to the nearest gas station or repair shop. The only time you should ever accept help when it is offered is from the emergency services, official breakdown or highway services, or from someone you know and trust. If anyone else offers, politely decline and tell them the breakdown service is just a couple of minutes away.</p> <h2>5. Do Not Flag Down Other Vehicles</h2> <p>Just like the previous tip, this is a precaution you have to take for your personal safety. You have no idea who you're going to get to help, and there are plenty of people out there who will take advantage of the situation. You are basically telling a potential predator that you are stranded, and that puts you in a very vulnerable spot. Even if you're a big burly guy who can handle himself, there are always people out there who can do you harm. Don't take the chance; don't take the chance, wait for help from your breakdown service.</p> <h2>6. Do Not Leave Your Vehicle in the Road</h2> <p>You are required to get that car out of the way, and quickly. If it's possible to pull over to the side of the road, do so safely. If the car is stuck in traffic, you're going to have to move it yourself. A friendly (or impatient) motorist will no doubt come along and help you push or steer. If you don't get it out of the road, you could be rear-ended, cause a collision, or something even worse could happen.</p> <h2>7. Do Not Assume People Can See You</h2> <p>Your car is parked by the side of the road; the hood is up, it's clear you're having car trouble. But these days, motorists are more preoccupied than ever (which is not a good sign at all). You need to make sure you and your car are as visible as possible to other drivers. Turn on your emergency lights immediately, that's what they're there for.</p> <h2>8. Do Not Display Your Red Warning Triangle</h2> <p>It seems obvious that you should put that out the second you breakdown. Not so. <a href="http://www.greenflag.com/downloads/hardshoulderguide.pdf">Green Flag breakdown service</a> says that the risks of getting out of your car and walking by the side of fast-moving traffic are far greater than the benefits of that red triangle.</p> <h2>9. Do Not Try to Fix the Problem Unless You Know What You're Doing</h2> <p>This may seem like a no brainer, but any mechanic will tell you that a little bit of knowledge is a dangerous thing. Most people know how to fix a flat tire, but some have never even tried. Put the jack in the wrong place on the car and start jacking it up, and you're doing damage. You may also have to put yourself perilously close to the moving traffic in order to change the tire. If that's the case, wait for your breakdown service. You pay a monthly fee, now is the time to utilize it.</p> <p>Fiddling with engine parts can also be dangerous, and can cause more damage to the car (and you). So, if you have the knowhow, and are confident you can solve the problem, by all means do so. But if you're planning to lift the hood to fiddle with wires and do a little mindless tinkering, don't bother. You are not helping. In fact, you could make it even harder to repair.</p> <p><em>Any other roadside safety tips we should pass along? Please share in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/9-things-to-never-do-when-your-car-breaks-down">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/skills-that-can-save-you-money-part-1-parallel-parking">Skills That Can Save You Money Part 1: Parallel Parking</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-dangerous-mistakes-even-safe-drivers-make">8 Dangerous Mistakes Even Safe Drivers Make</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/broken-down-turn-your-pencil-into-a-flashlight">Broken down? Turn your pencil into a flashlight.</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-a-claim-will-impact-your-car-insurance">Here&#039;s How a Claim Will Impact Your Car Insurance</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-really-easy-ways-to-unclog-drains">10 Really Easy Ways to Unclog Drains</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> General Tips accidents breakdowns Cars Wed, 10 Dec 2014 18:00:06 +0000 Paul Michael 1265971 at http://www.wisebread.com 12 Cheap Ways to Make Your Car Look Awesome http://www.wisebread.com/12-cheap-ways-to-make-your-car-look-awesome <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/12-cheap-ways-to-make-your-car-look-awesome" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man-cleaning-car-interior-524625211-small.jpg" alt="man cleaning car" title="man cleaning car" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most of us car owners spend an awful lot of time in our vehicles, whether commuting to work, driving the kids to soccer practice, or just hauling groceries. I'm no big fan of keeping up with the Joneses, but the temptation to purchase a new, shiny car is a familiar feeling for many of us, even though keeping an older car can be much more cost effective (especially if it is paid off). So if making small upgrades to your older car help you keep it longer, then you're making a truly frugal choice. (See also: <a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them?ref=seealso">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a>)</p> <p>In short, if you feel good about your older car, you're less likely to be tempted to buy a new one. Here are some easy ways to make your older car feel like a new one.</p> <h2>Inexpensive Fixes</h2> <p>These basic maintenance tips should cost you less than $100 and will help prolong the life of your car while keeping it looking good.</p> <h3>1. Clean and Organize Your Car</h3> <p>Every time you get out of your car, make it a habit to empty it of trash. A serious deep cleaning is great, so you can splurge (money or your own time and effort) once a year on a good interior detailing, but a simple dusting once a month can keep your dashboard looking spiffy.</p> <p>There's no need to invest in expensive organization tools &mdash; you can keep your glove compartment organized using Ziplock bags (all the car manuals in one bag, tools in another, car repair and maintenance paperwork in another, phone chargers and iPod cords in yet another, etc.).</p> <p>As for the exterior, you don't have to wax your car to a perfect shine, but putting it through a good car wash every couple of weeks will help you feel better about it. If you have the inclination, you can always use a toilet brush to clean your wheels every few weeks &mdash; wheels don't tend to get very clean in the car wash.</p> <h3>2. Replace Your Floor Mats</h3> <p>Floor mats are usually the first things to get ruined in a car. If your car still has the original floor mats <em>and</em> they don't qualify as Superfund cleanup sites, congrats! You should probably take them out of your car and store them for later, if and when you decide to trade in or sell your car. Instead, use weather-appropriate rubber floor mats. These will keep your car's carpet looking good and prevent the growth of mold caused by wet boots.</p> <h3>3. Get New Windshield Wipers</h3> <p>If you live anywhere that gets real weather, you know how important a good set of windshield wipers can be. Clean your blades with a microfiber cloth once a week, replace your blades every couple of months, and use a windshield treatment like <a href="http://www.amazon.com/gp/product/B000BVRZ74/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B000BVRZ74&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=HQSM6FUNT4IEKQAG">Rain-X</a> to help keep your wipers in good working condition.</p> <p>Some older cars have particularly weak windshield wipers, so if you really want to see the road, shell out some extra dough and get an entirely new set of wipers (with motor).</p> <h3>4. Get Some Seat Covers</h3> <p>To protect your seats from future abuse, or to cover up seats that are too far gone already, buy some seat covers in basic, unobtrusive colors.</p> <h3>5. Clean Windows Inside and Out</h3> <p>Clean the insides and outsides of your windows to improve both your visibility and the appearance of your car.</p> <p>Do you have kids? Chances are that the inside of your car's back windows are disgusting (I know mine are). Use a cleaner like GooGone to remove stickers and other goop, and then clean with your favorite window cleaner and a microfiber cloth. Some car owners swear by newspaper (as opposed to towels or paper towels) and barely soapy water as a windshield cleaner.</p> <h3>6. Repair Dents and Scratches</h3> <p>There are quite a few ways to remove dents from the body of your car &mdash; everything from the <a href="http://diy-auto-repair.wonderhowto.com/how-to/fix-huge-dent-your-car-home-without-ruining-paint-job-0146581/">hot glue method</a> to the <a href="https://www.youtube.com/watch?v=HW3qzH7W-5c">suction method</a>. On older cars (especially cars that have body parts that are still made of actual metal), repairing deep scratches can prevent rust and future damage.</p> <p>Inexpensive scratch <a href="http://www.consumerreports.org/cro/news/2014/06/car-scratch-repair-pens-review/index.htm">repair pens can only fix the top layer</a> of your car's protective coating, so don't count on them to fix a scratch the goes through the actual paint.</p> <h3>7. Perform Regular Maintenance, Like Oil Changes</h3> <p>Okay, this might not contribute directly to the appearance of your car, but keeping your car in good running condition is even more important than making sure it looks good (and fewer things will drive into the arms of a car salesman faster than a roadside breakdown with your older vehicle). With older cars, sometimes basic maintenance almost seems like it isn't worth it. But it is! Regular oil changes, filter replacement, and belt checks can keep an older car running for years beyond its expected expiration date.</p> <h2>Moderately Expensive Fixes</h2> <p>These car-care options are a touch more expensive, but can increase your enjoyment of your car.</p> <h3>8. Get the Seats and Carpets Shampooed Regularly</h3> <p>Look for social coupons and deals with local detail shops, or just do what I do and spend $100 every six months to have your seats and carpets vacuumed and shampooed. If you allow food and drink in your vehicle, you may need to do this more often. Clean upholstery can make a car feel practically new inside.</p> <h3>9. Upgrade Your Car Speakers</h3> <p>Factory default sound systems in older cars are generally pretty lame, but you don't have to break the bank to get an improvement in sound quality. Sometimes, something as simple as <a href="http://cartech.about.com/od/Car-Audio/ss/Newbies-Guide-To-Car-Audio_2.htm#step-heading">replacing the factory speakers</a> can be enough to drastically improve your car's sound. Of course, if you want to replace that 8-track player with a system that you can plug your iPod into, that'll cost you quite a bit more. However, if music is something that makes your commute more bearable, it might be worthwhile to spend a little more to get the tunes you need.</p> <h2>Spendy Fixes</h2> <p>These investments cost more upfront, but make a big difference in how your car looks.</p> <h3>10. Replace Banged-Up Body Parts</h3> <p>If you can't easily repair a deep scratch or remove a dent, you can always look for <a href="http://www.car-part.com/">body part replacements</a>, either online or through local scrap shops. You might just find a stellar deal on that passenger side door.</p> <h3>11. Repaint the Exterior</h3> <p>Probably more than any other service, a new paint job can make a huge difference in the overall appearance of your car. At the low end, you can expect to pay at least $600 for a paint job at shops like Maaco, but the <a href="http://www.carsdirect.com/car-maintenance/average-costs-of-common-custom-car-paint-jobs">quality of car paint</a> used in these jobs isn't necessarily the greatest. For a couple of thousand dollars, you should be able to get a good exterior paint job that will dramatically improve how your car looks.</p> <h3>12. Get New Wheels</h3> <p>Vehicle wheels are funny &mdash; you wouldn't think that they could make such a big difference in a car's appearance, but they do. Cheap, older cars come equipped with cheap wheels, and over time, wheels really do show their age. Between missing hubcaps and mishaps with cement curbs, your wheels probably look pretty bad once your car hits the 125K mark.</p> <p>New high performance wheels can set you back between $400-1500 (plus the cost of tires), so only consider them if you really love your car and want to keep it for a long time (and want it to drive a bit better).</p> <p><em>How do you keep your old car looking (and running) like new? Please share your car care tips in comments!</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <p>&nbsp;</p> <p style="text-align: center;"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F12-cheap-ways-to-make-your-car-look-awesome&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F12%20Cheap%20Ways%20to%20Make%20Your%20Car%20Look%20Awesome.jpg&amp;description=12%20Cheap%20Ways%20to%20Make%20Your%20Car%20Look%20Awesome" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></p> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/12%20Cheap%20Ways%20to%20Make%20Your%20Car%20Look%20Awesome.jpg" alt="12 Cheap Ways to Make Your Car Look Awesome" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/12-cheap-ways-to-make-your-car-look-awesome">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-cut-car-ownership-costs">How To Cut Car Ownership Costs</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-easy-fixes-to-boost-your-cars-re-sale-value">8 Easy Fixes to Boost Your Car&#039;s Re-Sale Value</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-reasons-why-i-love-public-transportation">Five Reasons Why I Love Public Transportation</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-these-5-car-maintenance-tasks-and-keep-your-car-on-the-road-forever">Do These 5 Car Maintenance Tasks and Keep Your Car on the Road Forever</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living auto repair car maintenance Cars old car used car Thu, 04 Dec 2014 19:00:08 +0000 Andrea Karim 1263098 at http://www.wisebread.com Best Money Tips: Secrets to Save Money on Gas http://www.wisebread.com/best-money-tips-secrets-to-save-money-on-gas <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-secrets-to-save-money-on-gas" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/gas-station-103582811-small.jpg" alt="gas station" title="gas station" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some amazing articles on secrets to save money on gas, things you'll be proud of doing, and things you are likely paying too much for.</p> <h2>Top 5 Articles</h2> <p><a href="http://bargainbabe.com/10-secrets-save-gas/">10 Secrets to Save Money on Gas</a> &mdash; To save money on gas, take advantage of grocery shopping rewards and don't wait until you are on empty to fill up. [BargainBabe]</p> <p><a href="http://www.popsugar.com/smart-living/Things-Do-Make-Yourself-Proud-34837079">17 Things You'll Be Proud of Doing</a> &mdash; Chances are you'll be proud of yourself for setting aside time for loved ones. [PopSugar Smart Living]</p> <p><a href="http://www.threethriftyguys.com/2014/09/5-things-you-are-likely-paying-too-much-for/">5 Things You Are Likely Paying Too Much For</a> &mdash; It is likely that you are paying too much for gas and entertainment. [Three Thrifty Guys]</p> <p><a href="http://staplerconfessions.com/index.php/how-to-make-money-selling-at-consignment-sales/">How to Make Money Selling at Consignment Sales</a> &mdash; It is important to carefully clean your items before you sell them at a consignment store. [Stapler Confessions]</p> <p><a href="https://www.creditkarma.com/article/key-moments-for-your-credit-score">3 Key Moments When Your Credit Score Matters</a> &mdash; Did you know that your credit score matters when you are moving? [Credit Karma]</p> <h2>Other Essential Reading</h2> <p><a href="http://moneysmartlife.com/convert-employer-individual-insurance/">How to Convert Employer-Paid Insurance to an Individual Policy Upon Layoff</a> &mdash; If you want to convert your employer-paid life insurance to an individual policy, check for a conversion provision. [Money Smart Life]</p> <p><a href="http://www.investopedia.com/articles/professionals/100314/top-ways-fund-your-new-business.asp">The Top Ways to Fund Your New Business</a> &mdash; When finding funding for your new business, consider borrowing money from the SBA. [Investopedia]</p> <p><a href="http://www.getrichslowly.org/blog/2014/10/08/i-want-christmas-to-be-debt-free/">I Want Christmas to Be Debt-Free</a> &mdash; To keep your Christmas debt-free, opt out of gift exchanges and don't buy &quot;hot&quot; gifts. [Get Rich Slowly]</p> <p><a href="http://www.fivecentnickel.com/2014/10/06/planning-a-fun-frugal-halloween/">Planning a Fun, Frugal Halloween</a> &mdash; Keep your Halloween fun and frugal by making your own costume and using what you already have to decorate. [Five Cent Nickel]</p> <p><a href="http://parentingsquad.com/5-ways-to-instantly-make-a-house-feel-like-a-home">5 Ways to Instantly Make a House Feel Like a Home</a> &mdash; Embracing knick knacks can make your house feel like a home. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-secrets-to-save-money-on-gas">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-reasons-why-i-love-public-transportation">Five Reasons Why I Love Public Transportation</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/running-the-numbers-on-the-bigger-car-what-s-your-cost-and-is-it-worth-it">Running the numbers on the bigger car: what’s your cost and is it worth it?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/it-bear-repeating-driving-slower-saves-you-money">It Bears Repeating - Driving Slower Saves Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-new-tires-really-6-year-old-ticking-time-bombs">Are your new tires really 6-year old ticking time-bombs?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips Cars gas saving Fri, 10 Oct 2014 19:00:05 +0000 Ashley Jacobs 1231316 at http://www.wisebread.com This Is What That Ticket You Got Will Do to Your Car Insurance Rate http://www.wisebread.com/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/speeding-ticket-452522717-small.jpg" alt="speeding ticket" title="speeding ticket" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are two types of drivers in America: those who've received a ticket; and those who haven't.</p> <p>In the past five years, <a href="http://www.insurancequotes.com/auto/traffic-tickets-insurance-premiums" style="text-decoration:none;">25% of drivers</a> have received traffic tickets. That's one in four. Of course, tickets can range from the minor (such as driving with a broken headlight), to the very serious (a DUI). Tickets carry penalties, including fines and point violations, and if you hit 12 points your license is taken away. Typically, you'll automatically get 12 points for a DUI. However, the biggest hit your wallet takes will not come from fines and fees, but from the insurance rate hikes that accompany tickets. Here are five of the biggest insurance rate increases you'll get from traffic tickets.</p> <h2>DUI or DWI &mdash; 93% Rate Increase</h2> <p>That's <a href="http://www.carinsurancecompanies.net/how-much-does-car-insurance-cost-after-a-dui/" style="text-decoration:none;">almost double</a>, if you're lucky; many insurance carriers will actually drop you altogether, and some will triple your rate.</p> <p>The insurance industry does not like people driving under the influence. They consider you to be a very high-risk driver, and rightly so. <a href="http://alcoholism.about.com/od/dui/a/dui_insurance.htm" style="text-decoration:none;">Drunk drivers</a> are a danger not only to themselves and their own property, but also to everyone else on the road. If you can afford to pay the increased rate, it will be that way for three years. That equates to thousands of dollars. If your policy is cancelled, you need to get SR-22 insurance from another carrier before you can legally drive your car. And guess what? You now have a cancellation on your record, so it will be even more expensive. Of course, depending on your blood alcohol level, you may not even be able to get behind the wheel for another nine months.</p> <p>The bottom line is, <strong>never ever drive under the influence of alcohol</strong>. With the insurance hikes, penalties, classes, interlock devices, and everything else, it will cost you $10,000 and stay on your record for a long, long time. How much does it cost to get a cab, or spend the night in a nearby hotel? It's not $10k!</p> <h2>Texting &mdash; 21% Increase</h2> <p>Texting rate hikes have not come in line with DUI rate hikes yet, but they will. Research has shown that texting and driving is the same as driving after four beers &mdash; something that would easily get you a DUI conviction. Worse still, you are <a href="http://www.textinganddrivingsafety.com/texting-and-driving-stats/" style="text-decoration:none;">SIX TIMES</a> more likely to cause an accident if you're texting, as opposed to driving while intoxicated. Not only that, but 25% of all car accidents are now caused by drivers who text.</p> <p>It's an outrage that the insurance companies, and the laws, are not seeing texting for what it really is; one of the greatest dangers to road safety today. As it stands right now, if you get a ticket for texting and driving you can get as little as one point and a $20 fine, plus a 21% increase in your insurance rate (it's treated the same as a 15 mph speeding violation). It's very possible that if you have a good record, your insurance company will forgive you.</p> <p>But like I said above, expect the penalties for texting and driving to start increasing.</p> <h2>Reckless Driving &mdash; 82% Increase</h2> <p>If you're driving without using your hands, reading a book or map, erratically changing lanes while speeding, tailgating, road raging, or basically your attention is anywhere but the road ahead, you can get a ticket for reckless driving. Also, some DUI cases will plea down to reckless, or &quot;wet reckless&quot; (meaning alcohol was involved), and this results in slightly lesser charges and penalties. But don't go celebrating. Reckless driving is not something your insurance company likes to see on your record, and they will heavily penalize you for it.</p> <h2>Careless Driving &mdash; 27% Increase</h2> <p>On the other hand, careless driving brings much smaller penalties.</p> <p>While reckless driving is seen as intentional, <a href="http://law.freeadvice.com/general_practice/traffic_law/careless-driving.htm" style="text-decoration:none;">careless driving</a> is not done on purpose. You may forget to signal while changing lanes, or may fall asleep at the wheel (which brings disastrous consequences, but was never something the driver wanted to do). If you are ticketed for careless driving, you'll get a few points on your license and your insurance rate could rise by as much as 25%. Of course, your previous record will come into play, and your insurance company may let you off easy. There's a world of difference between forgetting to signal, and falling asleep behind the wheel.</p> <h2>Failure to Stop/Running a Red &mdash; 19% Increase</h2> <p>Whether you run through a stop sign or a red light, you can get a ticket.</p> <p>These days, cameras at intersections are grabbing offenders and sending tickets out automatically. You can always try to fight it, especially if you went through a yellow and the camera or police officer has you down as running a red. But, chances are you'll probably be too busy to go through with a court case, and will simply pay the fine and take the reduced points. Expect your insurance to go up about 19%, unless you have an exceptional history.</p> <h2>Speeding &mdash; Up to 30% Increase</h2> <p>The big one. Almost everyone, at some point in his or her driving life, is going to go over the speed limit. Even if it's just a few miles per hour over, it's breaking the law. Of course, most police officers don't usually bother unless you're going 10 mph or more over the limit (unless it's a very slow day). Depending on how much over the limit you were going, your insurance hike can range from 21% up to 30%. If you were doing something crazy, like 160 mph in a 55 mph zone, you may get a reckless driving ticket instead.</p> <h2>Driving Alone in a Carpool Lane &mdash; 18% Increase</h2> <p>It seems so trivial to get a ticket for driving in a HOV or carpool lane without passengers. However, those lanes are put there to ease traffic congestion, and if we all disobey the rules of the road they will become futile. While nothing major is going to happen, you can expect almost the same rate hike as a low-end speeding ticket. It's really not worth the hassle. Or the cost.</p> <p><em>Have you ever gotten a moving violation? What was the hit to your pocketbook?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-being-a-safe-driver-will-save-you-big-money">4 Ways Being a Safe Driver Will Save You Big Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-a-claim-will-impact-your-car-insurance">Here&#039;s How a Claim Will Impact Your Car Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-times-when-bundling-insurance-doesnt-make-sense">4 Times When Bundling Insurance Doesn&#039;t Make Sense</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/alternatives-to-drunk-driving">Alternatives to drunk driving</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Insurance auto insurance Cars driving DUI moving violations tickets Mon, 04 Aug 2014 17:00:04 +0000 Paul Michael 1173261 at http://www.wisebread.com Best Money Tips: The Car Edition http://www.wisebread.com/best-money-tips-the-car-edition <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-the-car-edition" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/car-shopping-478789579-small.jpg" alt="car shopping" title="car shopping" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some of the best articles from around the web on keeping your car expenses from draining your bank account.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.moneyunder30.com/car-buying-tricks">Car Buying Guide: Tricks to Save Thousands</a> &mdash; Negotiating via phone or email and financing wisely can help you save thousands when buying a car. [Money Under 30]</p> <p><a href="http://www.savvysugar.com/Questions-Ask-Used-Car-Seller-31000145">8 Questions to Ask When Buying a Used Car</a> &mdash; When buying a used car, ask the seller for maintenance records. [PopSugar Smart Living]</p> <p><a href="http://sustainablepersonalfinance.com/16-driving-tips-to-improve-gas-mileage/">16 Driving Tips to Improve Gas Mileage</a> &mdash; You can reduce your gas mileage by using cruise control and checking your gas cap. [Sustainable Personal Finance]</p> <p><a href="http://www.budgetblonde.com/2013/07/26/buying-and-leasing-cars/">The Difference Between Buying and Leasing Cars</a> &mdash; If you move around a lot for work or pleasure, leasing a car may be a better option for you than buying one. [Budget Blonde]</p> <p><a href="http://www.thousandaire.com/how-to-protect-your-car-from-depreciation/">How to Protect Your Car from Depreciation</a> &mdash; Keeping your mileage down and holding onto your maintenance records can protect your car from depreciation. [Thousandaire]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.consumerismcommentary.com/save-money-at-the-gas-pump/">Save Money at the Gas Pump</a> &mdash; To save at the pump, maintain your car properly and plan your trips efficiently. [Consumerism Commentary]</p> <p><a href="http://www.dumblittleman.com/2007/01/20-ways-to-waste-money-on-your-car.html">20 Ways to Waste Money on Your Car</a> &mdash; Using a dealer for oil changes and not changing your fuel filter can end up costing you more on your car. [Dumb Little Man]</p> <p><a href="http://moneyqanda.com/car-salesmen-tricks-they-do-not-want-you-to-know/">Car Salesman Tricks They Do Not Want You to Know</a> &mdash; Car salesmen do not want you to know the car's real invoice cost. [Money Q&amp;A]</p> <p><a href="http://livingonthecheap.com/live-without-car/">How to Live Without a Car</a> &mdash; If you want to eliminate your car expenses entirely, consider using services like ZipCar. [Living on the Cheap]</p> <p><a href="http://parentingsquad.com/surviving-and-thriving-on-an-extended-car-trip-with-your-kids">Surviving and Thriving on an Extended Car Trip with Your Kids</a> &mdash; Packing treats (or &quot;bribes&quot;) can help make extended car trips with your kids a success and keep them frugal. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-the-car-edition">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/it-bear-repeating-driving-slower-saves-you-money">It Bears Repeating - Driving Slower Saves Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-new-tires-really-6-year-old-ticking-time-bombs">Are your new tires really 6-year old ticking time-bombs?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/would-you-drive-one-of-the-10-smallest-cars-ever-made">Would You Drive One of the 10 Smallest Cars Ever Made?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/to-change-the-bulb-just-remove-the-bumper-wait-what">To change the bulb, just remove the bumper. Wait, what? - UPDATED.</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips car Cars Fri, 18 Jul 2014 19:00:06 +0000 Ashley Jacobs 1146782 at http://www.wisebread.com