Cars and Transportation http://www.wisebread.com/taxonomy/term/4812/all en-US The High Cost of Buying a Boat http://www.wisebread.com/the-high-cost-of-buying-a-boat <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-high-cost-of-buying-a-boat" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_new_boat_529666414.jpg" alt="Man learning the high cost of buying a boat" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>&quot;It's like glass, honey,&quot; my dad would whisper to my mom. &quot;That water. Like glass.&quot;</p> <p>My mom and dad, both avid water skiers and all-around fun folks, got lots of worth out of the beat-up old ski boats my dad managed to buy. We spent summers on the lakes and rivers. In between camping and skiing, Dad did the boat repairs himself and cursed the cost of engine parts. Owning a boat is fun, but is it worth the time and cost of upkeep? Calculate the price in full before you buy.</p> <h2>The initial purchase cost</h2> <p>Buying a used boat is the most cost-effective way to become a boat owner. Purchasing a brand-new boat is like <a href="http://www.wisebread.com/3-reasons-why-you-should-never-buy-a-new-car?ref=internal" target="_blank">purchasing a brand-new car</a>; you'll pay a huge premium for that brand-new label, and it'll depreciate after you buy it. According to Boatshed's Market Report 2016, those sleek and speedy <a href="http://www.boatshed.com/market-report-2016-blog-32532.html" target="_blank">power boats depreciate the most</a>, but all new boats drop in value dramatically in the first three years of ownership.</p> <p>If you buy a used boat from a dealer, you may get a warranty of some kind. Or you may not. If a warranty is included, get specific information on what it covers.</p> <p>There are no guarantees when you buy from an individual. Ask to see a maintenance log and receipts for parts or repairs. Don't expect a guarantee on a boat's continued performance. Once you buy, that boat is yours to take care of, for better or for worse.</p> <h2>Boat repairs</h2> <p>If you're mechanically inclined, you can do some repairs and maintenance on the boat yourself. My dad spent his high school summers working at a marina; he handled basic stuff. If your boat needs major repairs, you'll need a pro.</p> <p>Expect to pay from $65 to $115 per hour for work by a certified marine mechanic. Replacement parts can be pricey, too. A new water pump, for example, can cost anywhere from $100 to over $1,000, depending on the size and style you need.</p> <p>Even if your boat is in great shape, mechanical failures are probable at some point. It's a machine, which makes wear and tear inevitable. Other common repairs needed on a boat include cracks in the deck, saturated foam (causing the boat to sit unevenly), rot, and joint separation. Cosmetic repairs, such as replacing upholstery or repainting the hull, can be delayed. But others, such as cracking or leaks, must be dealt with immediately. Otherwise, your boat will incur more damage, lowering its value and adding to repair costs.</p> <h2>Seasonal maintenance</h2> <p>Don't forget to factor in the cost of seasonal maintenance work when estimating a budget for boat ownership.</p> <h3>Engine winterization</h3> <p>For boats that will be stored for winter, or for any extended period of time, engine winterization is important to prevent damage. You can do the work yourself (use this <a href="http://www.boatus.com/boattech/casey/winterizing-your-engine.asp" target="_blank">helpful winterization checklist</a>) or pay a shop. Average cost depends on the size of your boat.</p> <h3>Hull cleaning</h3> <p>Larger boats that stay in the water need their hulls cleaned periodically. Hull cleaning prevents damage and increases fuel efficiency. Professional boat services either have divers go under and clean while the boat is in the water, or, if repainting is also needed, have the entire boat lifted out of the water to do the work. Rates vary widely based on location, size of the boat, and how long it's been since the last hull cleaning.</p> <h3>Cabin cleaning</h3> <p>You can do cabin cleaning yourself, or hire a professional to do the job. Regular cabin cleaning is important in order to find, repair, and prevent permanent damage, such as corrosion or rust.</p> <h2>Regular maintenance</h2> <p>Some other maintenance items include greasing the rudder box, checking belts and hoses, checking engine alignment, and replacing brake fluid.</p> <h2>Insurance, registration, and other fees</h2> <p>The cost of registration and licensing fees varies from <a href="http://www.americasboatingcourse.com/lawsbystate.cfm" target="_blank">state to state</a>. If you're going to travel between countries, you will need to get an International Certificate of Competence. Insurance is optional in most states, but you might want to have it anyway. You'll pay a boat sales and <a href="http://www.boatus.com/gov/states/default.asp" target="_blank">use tax in most states</a>, as well.</p> <p>You'll need to pay lock fees to use canals and move from one body of water to another. You may also be required to pay for port fees and customs at various points of entry.</p> <h2>Necessary boat gear</h2> <p>Life jackets are a requirement on any boat, under any circumstances. <a href="http://www.uscgboating.org/recreational-boaters/life-jacket-wear-wearing-your-life-jacket.php" target="_blank">U.S. Coast Guard regulations</a> require one life jacket for every person on board. Other gear you'll want depends on what you want to do on your boat: fishing poles, tackle and bait, or skis, ski ropes, and tubes. Of course, you need to stock essential safety and health supplies such as a <a href="http://www.wisebread.com/the-5-best-first-aid-kits">first aid kit</a>, sun protection, and drinking water.</p> <h2>Docking and storage</h2> <p>If you want to dock your boat in a protected place, and you don't own a spot yourself, you'll need to pay a slip fee. A slip fee is typically calculated per foot of boat: so, for a 30-foot boat, you might pay $3 to $5 per foot, per day, to dock your boat at a marina. Marinas often have weekly, monthly, and annual rates, as well. Expect to pay more for a covered and protected slip, and pay for additional services like trailer storage or use of a boat lift or boat cover.</p> <p>Our old ski boat lived in our backyard, covered in a tarp during winter. In the mild Mississippi winters, that was an acceptable storage solution. But in more extreme environments &mdash; or for boats with a slightly higher investment point &mdash; you'll want covered, protected storage from the elements. Maybe you have a place for your boat, such as an enclosed garage or barn. In that case, you'll save the cost of paying for storage. But you will need to have a way to get your boat from the water to your garage.</p> <h2>Trailer and transportation costs</h2> <p>If you don't own a boat trailer, you'll need to buy or rent one in order to move your boat from a body of water to any other location. Boat trailers need to be licensed and registered, and you'll pay personal property taxes on a trailer as well as on the boat. Fees vary from state to state.</p> <p>Renting a boat trailer can be a better solution if you don't need to move your boat often. Trailer rentals run from about $50 a day (for a 20-foot trailer) to around $150 per day (for a triple axle trailer that can haul up to a 33-foot boat). Bigger boats, of course, require a bigger trailer and a vehicle that is powerful enough to tow it.</p> <p>Whether your boating dream is a yacht or a fishing boat, consider the costs carefully before you invest. It's one thing to relax on a boat. It's quite another to pay for it.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/annie-mueller">Annie Mueller</a> of <a href="http://www.wisebread.com/the-high-cost-of-buying-a-boat">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/the-5-best-folding-bicycles">The 5 Best Folding Bicycles</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-travel-in-style-for-free">How to Travel in Style...For Free</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/10-investing-lessons-you-must-teach-your-kids">10 Investing Lessons You Must Teach Your Kids</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/hostels-vs-hotels-choosing-the-perfect-place-to-stay-within-your-budget">Hostels vs Hotels: Choosing the Perfect Place to Stay Within your Budget</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/the-dirt-on-travel-insurance">The Dirt on Travel Insurance</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Lifestyle boat boat maintenance buying a boat high cost investment money pit money suck Mon, 26 Jun 2017 08:30:18 +0000 Annie Mueller 1971791 at http://www.wisebread.com Here's How the Right RV and Vehicle Insurance Protects Your Summer Fun http://www.wisebread.com/heres-how-the-right-rv-and-vehicle-insurance-protects-your-summer-fun <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-the-right-rv-and-vehicle-insurance-protects-your-summer-fun" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple_riding_jet_boat.jpg" alt="Couple Riding Jet Boat" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Summer can be a great time to get the big toys out of the garage. Jet Skis, off-road vehicles, RVs, and other expensive forms of transportation can make a summer trip more enjoyable.</p> <p>Those toys also need insurance to fix or replace them if they're damaged or destroyed in an accident. Here's what you need to know to keep all your forms of transportation protected this summer.</p> <h2>RV insurance</h2> <p>Most owners of recreational vehicles, or RVs, only use their vehicles for a few months a year and may be able to get their existing auto and home insurance policies extended to their RV for those few months a year. But if you live in one full-time or rent an RV, you'll want separate RV insurance. A bank may also require you to have it if you're financing the purchase of the vehicle.</p> <p>Insurance for an RV isn't as straightforward as auto insurance. Because an RV is essentially a house on wheels, it requires a mix of travel, auto, and home insurance. Your existing auto insurance policy may cover some insurance needs for an RV, but because of the high value of an RV, specific RV insurance will also likely be needed.</p> <p>An RV insurance policy can provide personal property coverage, which will cover your RV when it's parked at your home and when it's out on the road. Your home or auto insurance policies may cover <em>some </em>things stolen from an RV, but only up to certain limits or on specific items. Expensive camping equipment and a flat-screen TV inside an RV, for example, will likely require extra personal property coverage in an RV insurance policy.</p> <p>If an entire RV is stolen or damaged in an accident, you'll want full replacement cost coverage. It's offered only for newer RVs, while the actual cash value, or depreciated value, is available for older vehicles. Full replacement coverage can be worth having if you just bought a new RV and don't have the money in the bank to pay for repairs. Without it, the depreciated value may only be covered, and new vehicles depreciate quickly in the first year.</p> <p>Laws in your state may require a minimum amount of liability insurance, and some also require uninsured and underinsured motorists coverage. You can set the collision and comprehensive insurance limits.</p> <p>RV insurance averages $550 per year for a motor home and $250 for a trailer that doesn't have a motor. This low cost is partly due to the fact that RV owners are usually more experienced drivers. Age, driving record, and credit score also affect rates.</p> <p>RV insurance rates will also be affected by how often you drive the vehicle, the type of RV you have, how old it is, where it's stored, and if you use it as a primary home.</p> <h2>Personal watercraft insurance</h2> <p>Personal watercraft insurance, or PWC insurance, is for a Jet Ski or other watercraft that's part boat and part motorcycle. It protects against accidents, vandalism, and liability, regardless if you use the vehicle yourself or loan it to someone else. PWC insurance can be bought as a separate policy or can be added to an existing boat policy.</p> <p>PWC insurance can cover you in many instances. For example, you may crash into a dock or another boat, causing death or injury. PWC insurance can include bodily injury liability to pay the medical bills of someone you injure in an accident. It can also include property damage liability coverage in case you damage someone else's property. Or, if you let someone else use your personal watercraft and they're negligent &mdash; such as by towing water skiers or wakeboarders, or getting too close to other watercraft &mdash; PWC insurance could help.</p> <p>Areas that typically aren't covered include a craft that's been modified to improve speed or performance, after dark usage, and operating a PWC without a valid driver's license.</p> <p>Depending on the type of watercraft, coverage options, deductibles, and your driving record, PWC insurance costs $300 to $500 per year.</p> <h2>ATV insurance</h2> <p>A standard homeowners insurance policy doesn't normally cover off-road vehicles such as an ATV, golf cart, dune buggy, or dirt bike. It will cover your off-road vehicles when they're on your property &mdash; but once the vehicle leaves your property, you're probably no longer covered by a homeowners policy.</p> <p>ATV insurance can protect the vehicle and owner against liability, collision, and other things. For example, collision coverage can cover the cost of replacing a fence you've hit, and then can pay to repair your vehicle.</p> <p>Like extra coverage for watercraft, there are two types of liability insurance you may want for ATVs &mdash; bodily injury liability and property damage liability.</p> <p>Comprehensive coverage pays for damage to your ATV during a severe storm or other natural disaster, or if it's stolen.</p> <p>Annual premiums for ATV insurance range from $99 for bodily injury and property damage coverage to $1,500 for every type of coverage.</p> <h2>Yes, your toys need insurance</h2> <p>However much money you've spent on your summer toys, factor in their cost and how much liability you're willing to expose yourself to if you cause an accident. Chances are they weren't cheap, and they can cause just as much damage as an accident in a car.</p> <p>That's what insurance is for &mdash; to cover catastrophic expenses you can't cover on your own. Even during the joys of summer that's something worth remembering.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/aaron-crowe">Aaron Crowe</a> of <a href="http://www.wisebread.com/heres-how-the-right-rv-and-vehicle-insurance-protects-your-summer-fun">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/6-times-when-its-okay-to-drop-insurance">6 Times When It&#039;s Okay to Drop Insurance</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/the-easiest-ways-to-save-on-your-next-rv-camping-trip">The Easiest Ways to Save on Your Next RV Camping Trip</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/when-to-drop-collision-coverage-on-your-car">When to drop collision coverage on your car</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/3-things-you-should-know-about-rental-car-insurance">3 Things You Should Know About Rental 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/everything-you-need-to-know-about-flood-insurance">Everything You Need to Know About Flood Insurance</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance atvs collision coverage jet skis liability off road vehicles policies recreational vehicles rvs summer watercraft Tue, 20 Jun 2017 08:30:17 +0000 Aaron Crowe 1966174 at http://www.wisebread.com 3 Things You Should Know About Rental Car Insurance http://www.wisebread.com/3-things-you-should-know-about-rental-car-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-things-you-should-know-about-rental-car-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/enjoying_a_trip_together.jpg" alt="Enjoying a trip together" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>After a long day of traveling, being forced to listen to an upsell for extra insurance at the car rental counter can be frustrating.</p> <p>Some extra rental car insurance may be worthwhile, however. Your own personal car insurance policy may not cover rentals, for example, or maybe you don't have car insurance at all.</p> <p>On the other hand, you may not want to buy insurance from a rental company if it duplicates what your credit card offers, or if your auto insurer already provides rental car coverage through your regular policy.</p> <p>Here are some things to be aware of before a car rental agent tries to pressure you at the rental desk.</p> <h2>Know what is and isn't covered by rental car insurance</h2> <p>There are two types of damage waivers that are commonly sold by rental car companies: Collision Damage Waiver (CDW) and Loss Damage Waiver (LDW). They're often packaged together as CDW/LDW coverage.</p> <p>They serve the same basic function. These waivers aren't necessarily insurance so much as an optional service where the rental car company will cover you if an accident or some other event damages your rental car, or in the case of theft. The waiver only covers the rental car and waives the rental company's right to pursue you, the renter, for damage.</p> <p>What a rental damage waiver won't cover are hospitalization costs if you cause an accident and someone is injured &mdash; that falls under liability coverage. The rental damage waiver also won't cover risky behaviors such as drinking and driving or speeding. If <em>you're</em> hospitalized, your auto insurance policy will take effect.</p> <p>Another type of insurance that you may be offered at the rental counter is supplemental liability insurance. This covers damage to other people's property, such as their cars, and their medical costs if you caused the accident.</p> <p>This extra liability insurance may be worthwhile if your auto or homeowners insurance policies won't cover you. Another option is to buy umbrella liability insurance through the company that provides your auto or homeowners liability insurance, so that you have extra protection while driving a rental car.</p> <h2>When you should consider buying</h2> <p>If you have collision and comprehensive coverage on your personal auto policy, it will typically cover damages to a rental car. However, you will still need to pay your deductible in the event of a claim &mdash; and of course, filing a claim can cause your personal auto insurance rates to spike. Rental damage waivers will typically cover all of the vehicle repair costs, including a deductible. If you don't want to deal with the hassle of paying a high deductible, or filing a claim, you can consider purchasing the CDW/LDW coverage.</p> <p>You may also be renting a vehicle with a far higher market value than the car you own. Your insurer will only pay the value of <em>your</em> car &mdash; not the value of the rental car that's damaged. So if your car isn't worth as much as the rental car, then you may want to consider additional coverage to account for the gap between the value of your personal car and the value of the rental car.</p> <p>If you have <em>no </em>auto insurance, or a personal auto policy with bare minimum liability coverage, you may also want to consider adding supplemental liability protection through the rental company. This will protect you in the event you damage someone else's vehicle or property, or cause injury.</p> <h2>Don't overlook your credit card benefits</h2> <p>When renting a car with a credit card, you're likely to get insurance protections that you may not even realize you have. (See also: <a href="http://www.wisebread.com/what-does-car-rental-insurance-really-cover-on-your-credit-card?ref=seealso" target="_blank">What Does Car Rental Insurance Really Cover On Your Credit Card?</a>)</p> <p>Many credit cards provide free collision damage protection for rental cars, with some caveats. First, you must pay for the rental in full with the card, and then decline all optional coverage offered by the rental company.</p> <p>Coverage can vary, but typically a credit card's coverage will be secondary &mdash; meaning it only pays what you can't recover from other insurance. Sometimes cards do offer primary insurance, which would prevent you from having to file a claim with your personal auto policy. You may have to pay upfront for the full damage and get reimbursed later by the credit card company, and coverage is often limited to a two-week rental.</p> <p>Call your card issuer to find out the specifics of what your credit card offers. If you have multiple credit cards, it's worth comparing them to find out which one offers the best coverage on rentals.</p> <p>Credit card rental coverage typically excludes injuries, as well as damage or loss of personal items. Many cards also won't cover any of the rental car company's administrative fees, &quot;loss of use&quot; charges, or the difference between the rental car's actual value and its replacement value.</p> <h2>The bottom line</h2> <p>However you buy rental car insurance, know that you could be on the hook for the costs of an incident until your insurance provider or credit card company comes to an agreement on the cost of repairs with the rental car company.</p> <p>Before driving your rental car off the lot, check it carefully for existing damage and document anything you find with photos. Then, tell the clerk at the rental counter. You don't want to end up paying for damage you didn't cause or fighting with a rental car company. That certainly won't make for a pleasant vacation.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/aaron-crowe">Aaron Crowe</a> of <a href="http://www.wisebread.com/3-things-you-should-know-about-rental-car-insurance">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/heres-how-the-right-rv-and-vehicle-insurance-protects-your-summer-fun">Here&#039;s How the Right RV and Vehicle Insurance Protects Your Summer Fun</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/5-reasons-you-definitely-need-renters-insurance">5 Reasons You Definitely Need Renters&#039; Insurance</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/11-smart-ways-to-boost-your-gas-mileage">11 Smart Ways to Boost Your Gas Mileage</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-flight-booking-hacks-to-save-you-hundreds">10 Flight Booking Hacks to Save You Hundreds</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance accidents auto policies damage waivers deductibles liability protections rentals cars theft travel vacation vehicles Tue, 06 Jun 2017 08:30:16 +0000 Aaron Crowe 1957905 at http://www.wisebread.com Best Money Tips: Legit Ways to Get Free Gas http://www.wisebread.com/best-money-tips-legit-ways-to-get-free-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-legit-ways-to-get-free-gas" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_getting_gas_516732749.jpg" alt="Man finding legit ways to get free gas" title="" 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 articles on legit ways to get free gas, decorating hacks for renters, and cheap DIY solutions for summer skin care.</p> <h2>Top 5 Articles</h2> <p><a href="http://wellkeptwallet.com/legit-ways-to-get-free-gas/">8 Legit Ways to Get Free Gas</a> &mdash; National retailers like CVS occasionally offer free gas cards with qualifying purchases. [Well Kept Wallet]</p> <p><a href="http://smartycents.com/articles/decorating-hacks-for-renters/">15 Decorating Hacks for Renters (That Won&rsquo;t Cost You Your Security Deposit)</a> &mdash; Use a vinyl floor cloth to cover outdated flooring. [Smarty Cents]</p> <p><a href="https://blog.cheapism.com/diy-summer-skin-care-tips/">11 DIY Solutions for Summer Skin Care on the Cheap</a> &mdash; Does the summer heat leave you with an oily and shiny face? Use coffee filters instead of pricey oil-blotting sheets. [Cheapism]</p> <p><a href="https://www.popsugar.com/smart-living/Things-Unhappy-People-Do-34705687">19 Things Unhappy People Do</a> &mdash; Unhappy people tend to back down when things get too hard, causing them to feel defeated. [PopSugar Smart Living]</p> <p><a href="https://adebtfreestressfreelife.com/creating-daily-cleaning-habits/">Creating Daily Cleaning Habits That Transform Your Home</a> &mdash; Get into the habit of wiping down surfaces after every use. [A Debt Free Mess Free Life]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.thefinancialblogger.com/10-most-common-hidden-costs-and-fees-at-banks/">10 Most Common Hidden Costs and Fees at Banks</a> &mdash; If you have a &quot;virtual only&quot; account, your bank may charge a human teller fee for transactions made in person with a teller. [The Financial Blogger]</p> <p><a href="http://www.csmonitor.com/Environment/2017/0525/A-glimmer-of-hope-for-honeybee-populations">A glimmer of hope for honeybee populations</a> &mdash; Winter losses among US honeybees were the lowest in more than a decade! [The Christian Science Monitor]</p> <p><a href="http://www.kiplinger.com/article/spending/T050-C032-S014-top-3-ways-to-cut-back-on-impulse-buying.html">Top 3 Ways to Cut Back on Impulse Buying</a> &mdash; Instead of looking at the dollar price, think about how many hours you had to work to earn what you would spend on the impulse purchase. [Kiplinger]</p> <p><a href="http://www.beatingbroke.com/top-money-saving-tips-home-essentials/">Top Money Saving Tips for Home Essentials</a> &mdash; Give yourself plenty of time to save for a large purchase. Don't wait until it breaks to search desperately for sales and deals. [Beating Broke]</p> <p><a href="http://moneyqanda.com/how-to-save-money-on-your-vacation/">How to Save Money on Vacation with These Easy Tips</a> &mdash; Be open to trying food from street vendors. You'll get a taste of local cuisine without spending as much as you would at a restaurant. [Money Q&amp;A]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-legit-ways-to-get-free-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-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/17-things-car-salesmen-dont-want-you-to-know">17 Things Car Salesmen Don&#039;t Want You to Know</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/can-acetone-dramatically-increase-your-gas-mileage">Can Acetone Dramatically Increase Your Gas Mileage?</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/5-best-gas-rewards-credit-cards">Best Gas Rewards Credit Cards</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-to-save-an-extra-109486-a-year">How to Save an Extra $1,094.86 a Year</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/remove-car-dents-quickly-and-cheaply">Remove Car Dents Quickly and Cheaply</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips free gas Wed, 31 May 2017 08:30:15 +0000 Amy Lu 1957455 at http://www.wisebread.com How Long Does It Take to Break Even With an Electric Car http://www.wisebread.com/how-long-does-it-take-break-even-with-an-electric-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-long-does-it-take-break-even-with-an-electric-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-508101460.jpg" alt="Learning how long it takes to break even with an electric car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Electric cars come at a premium. You can still get a hefty tax rebate for buying an all-electric or plug-in hybrid vehicle, but even after deducting that $3,700 &mdash;$7,500 rebate from the price, you're still going to pay more up front for electric than a gas-powered engine.</p> <p>You'll make up for it in gas savings, right? Maybe &mdash; but with low gas prices persisting, the payback may take a long time. Here's a look at the math behind the theory that an electric car will pay for itself.</p> <h2>Upfront cost</h2> <p>My husband and I recently test drove a Kia Soul EV. It was peppy and felt surprisingly roomy for a small car. It costs about $34,000, while the Soul without an electric motor costs only $20,000. So even after deducting the $7,500 tax credit, you'd still be paying $6,500 more to go electric. (Your state might offer additional credit, but I'll leave that out of this calculation.)</p> <p>Another upfront expense, which I didn't think about until I looked at EVs, is the cost of buying a home charging station and having it installed in the garage. That would be about $1,200. However, you might be able to apply for a local rebate or credit to defray that cost as well.</p> <p><strong>The difference in upfront cost</strong>: Buying and getting set up with the Kia Soul EV costs about $7,700 more than the nonelectric.</p> <h2>Fuel costs</h2> <p>Nationwide, at the time of writing, the average gallon of gasoline costs $2.41. If you live in California or in a big city like I do, you may be paying closer to $3. If I bought a traditional Kia Soul, I'd get about 28 miles per gallon &mdash; so driving a typical 15,000 miles a year, I'd be buying about 535 gallons of gas. In most parts of America, that would run about $1,300 for a year's worth of fuel.</p> <p>With the electric car, I could drive about <a href="https://www.fueleconomy.gov/feg/Find.do?action=sbs&amp;id=35601" target="_blank">105 miles on 33.7 kilowatt-hours</a>, which at a cost of 12 cents per kWh, means I could drive 15,000 miles a year for $578 in electricity. You can save even more on charging if you work somewhere with a free charging station, or if you have access to free public chargers.</p> <p><strong>The difference in fuel costs</strong>: Electric costs $722 less per year at current gas prices.</p> <h2>Maintenance</h2> <p>Because they don't require oil changes, all-electric vehicles cost less than regular cars to maintain &mdash; about 35 percent less, according to one estimate I found. According to Repair Pal, the average cost to maintain and repair a regular Kia Soul is $446 a year, while the EV is $267.</p> <p><strong>The difference in maintenance cost</strong>: Electric costs $179 less per year.</p> <h2>Other expenses</h2> <p>You might wring a few more dollars out of your EV from insurance company discounts and free public parking. You may also save on tolls if your area allows you to drive your EV in the carpool lane.</p> <h2>Breaking even</h2> <p>So, you started out life with your new EV $7,700 in the hole after buying the car, installing a charging station, and pocketing the federal tax credit. You will save about $900 a year in fuel and maintenance costs. At this rate, it will take you eight to nine years to break even. That's a pretty long time to recoup an investment.</p> <h2>Other benefits of going electric</h2> <p>However, there are non-monetary benefits to owning an electric vehicle that make the purchase worthwhile for many people.</p> <p>First, there is the knowledge that you're contributing less to climate change and air pollution by using electricity instead of gasoline. While EVs produce no tailpipe emissions, the power plants that fuel them do produce emissions. Still, the Department of Energy estimates that EVs are responsible for less than half the emissions of gas vehicles. That's big.</p> <p>Second, your EV may entitle you to privileges such as driving in the carpool lane. In the high traffic Bay Area where I live, many EV owners made their purchase decision based on carpool lane access alone, because it can make the difference between a two-hour commute and a one-hour commute into Silicon Valley.</p> <p>If you're buying an EV for the perks, check all the details before you sign the contract to make sure you're really getting everything you want. Sometimes states have restrictions, such as quotas for carpool lane stickers and income caps for tax rebates.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/how-long-does-it-take-break-even-with-an-electric-car">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/6-ways-to-drive-a-hybrid-or-electric-car-on-the-cheap">6 Ways to Drive a Hybrid or Electric Car on the Cheap</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/is-it-still-smart-to-buy-an-electric-car-while-gas-prices-are-low">Is It Still Smart to Buy an Electric Car While Gas Prices Are Low?</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-diy-car-repairs-to-save-big">8 Easy DIY Car Repairs to Save Big</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/7-money-mistakes-everyone-makes-when-buying-their-first-car">7 Money Mistakes Everyone Makes When Buying Their First Car</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/should-your-next-car-be-electric">Should Your Next Car Be Electric?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation break-even carpool comparisons electric cars fuel costs gas prices hybrids maintenance rebates repairs Mon, 22 May 2017 08:30:16 +0000 Carrie Kirby 1947501 at http://www.wisebread.com The 5 Best Folding Bicycles http://www.wisebread.com/the-5-best-folding-bicycles <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-5-best-folding-bicycles" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_folding_bicycle_484743019.jpg" alt="Man using best folding bicycle on his commute" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most people simply don&rsquo;t have enough space to store a bike. Fortunately, a folding bike can get you where you need to go without taking up much space. This makes them particularly ideal for apartment dwellers, commuters who want to bring their bike on public transit, or anyone who just can&rsquo;t devote the storage space for a bike.</p> <p>Whether you want to take up riding or want to pursue new affordable transportation options, a folding bike can provide just what you need, without sacrificing much. Some folding bicycles even work for long distances thanks to the small, strong wheels, but they normally aren&rsquo;t as fast or as stable as a traditional full-size bike.</p> <h2>What Is a Folding Bicycle?</h2> <p>A folding bicycle is a bicycle designed to conveniently fold into a compact size when it&rsquo;s not in use. This makes it easy to transport and store. They can fold up so small that you can store them in your apartment, office, or even the trunk of your car. The best part about having your compact bike with you at all times is you never have to lock it up or worry about theft.</p> <p>Folding bikes come in a wide range of sizes, colors, and options. When you&rsquo;re shopping for one, you&rsquo;ll want to find something lightweight and durable that can be folded up small, in no time flat.</p> <h2>Top 5 Folding Bicycles</h2> <h3>Dahon Mariner D7 Folding Bike</h3> <p><a href="http://amzn.to/2oKLvQY"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/dahon.jpg" width="245" height="168" align="right" alt="" /></a>The <a href="http://amzn.to/2oKLvQY" target="_blank">Dahon Mariner D7 Folding Bike</a> is designed for boaters and anyone who likes to take their bike to the beach. The durable bike is built to withstand the elements and the rust-resistant coating and chain can withstand salty air, making it ideal for boat storage. The low-profile design features a brushed aluminum frame, 20-inch wheels, seven different speeds, a high seat, and adjustable handlebars for optimal riding comfort. The flexible riding system also allows you to adjust your ride position to suit different road conditions. It also features a Dahon Neos rear derailleur for smooth, quick shifting. It conveniently folds up in less than 15 seconds and easily unfolds in seconds. It is light enough to carry on public transport and small enough to store in your apartment or boat hold.</p> <p>Consumer Search deemed this the best folding bike and it is recommended by Heavy.com. The <a href="http://amzn.to/2qgbocs" target="_blank">Dahon Vitesse i7 7-Speed Folding Bicycle</a> is another highly rated option.</p> <p><a href="http://amzn.to/2oKLvQY" target="_blank"><em>Currently $579.00 on Amazon</em></a></p> <h3>Schwinn Folding Bike</h3> <p><a href="http://amzn.to/2qgl4nF"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/schwinn_0.jpg" width="245" height="177" align="right" alt="" /></a>The <a href="http://amzn.to/2qgl4nF" target="_blank">Schwinn 20-Inch Loop Folding Bike</a> folds up small in just 15 seconds for easy transport and storage. The step-through design features a low standover frame and rigid fork, which makes it easier to mount and dismount. It features 20-inch wheels, mounts for a water bottle and rear rack, and alloy linear pull brakes for a smooth ride. The seven-speed functionality with shifters can also help you get up hills easily. It also has a stay clean pant guard and front and rear fenders to keep dirt off your clothes.</p> <p>Reviewers agree that this can provide a stable, comfortable ride. It comes in various colors and includes a heavy nylon storage bag. It is recommended by Consumer Search, comes from the trusted Schwinn brand, and is backed by a lifetime warranty.</p> <p><a href="http://amzn.to/2qgl4nF" target="_blank"><em>Currently $215.99 on Amazon</em></a></p> <h3>Vilano Urbana Folding Bike</h3> <p><a href="http://amzn.to/2qgFcWI"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/vilano.jpg" width="245" height="175" align="right" alt="" /></a>The compact <a href="http://amzn.to/2qgFcWI" target="_blank">Vilano Urbana Single Speed Folding Bike</a> quickly and easily folds away for storage. The minimalist bike is super lightweight at only 21.5 lbs. It is ideal for urban commuting in flat areas and has mounts for a water bottle and a rear rack. The stylish single speed aluminum bike features a coaster brake, 20-inch wheels, and a comfortable saddle.</p> <p>This is available in a range of colors. It is recommended by Consumer Search, is an Amazon best-seller, and is one of the &ldquo;Most Wished For&rdquo; items on Amazon.</p> <p><a href="http://amzn.to/2qgFcWI" target="_blank"><em>Currently $175.04 on Amazon</em></a></p> <h3>GTM Foldable Bicycle Folding Bike Shimano Hybrid</h3> <p><a href="http://amzn.to/2pnxzAp"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/gtm.jpg" width="245" height="187" align="right" alt="" /></a>The <a href="http://amzn.to/2pnxzAp" target="_blank">GTM 20-inch Foldable Bicycle Folding Bike Shimano Hybrid</a> has six speeds and a rear derailleur to improve your ride in any traffic condition. The 20-inch folding frame conveniently folds up in steps for easy storage. The six-speed bike features adjustable handlebars, an adjustable seat, a heavy-duty kickstand, and linear pull brakes for comfortable riding. This is available in various different colors. It is an Amazon best-seller and one of the &ldquo;Most Wished For&rdquo; items on Amazon.</p> <p><a href="http://amzn.to/2pnxzAp" target="_blank"><em>Currently $108.90 on Amazon</em></a></p> <h3>Stowabike Folding City V2 Compact Foldable Bike</h3> <p><a href="http://amzn.to/2q9uFQw"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/stowabike.jpg" width="245" height="173" align="right" alt="" /></a>The <a href="http://amzn.to/2q9uFQw" target="_blank">Stowabike 20-inch Folding City V2 Compact Foldable Bike</a> is ideal for urban commuting. The compact 20-inch steel folding frame can be easily folded and stored. It features 20-inch tires, built-in steel mud guards to keep you clean, and a built-in rack for carrying your goods. The six-speed Shimano Gear System and rubber grips also offer smooth riding. This is an Amazon best-seller and has outstanding online reviews.</p> <p><a href="http://amzn.to/2q9uFQw" target="_blank"><em>Currently $129.99 on Amazon</em></a></p> <p>And those are our recommendations for the best folding bicycles. As always, be sure to check <a href="http://www.wisebread.com/buying-calendar">Wise Bread's Buying Calendar</a> to learn when and how to buy just about anything!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/the-5-best-folding-bicycles">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/the-5-best-bicycle-lights">The 5 Best Bicycle Lights</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/the-5-best-eye-masks">The 5 Best Eye Masks</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-5-best-beach-tents">The 5 Best Beach Tents</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-5-best-white-noise-machines">The 5 Best White Noise Machines</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/the-5-best-luxury-pens">The 5 Best Luxury Pens</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Lifestyle Shopping 5 best bicycles bikes folding bicycles product reviews shopping transportation Thu, 27 Apr 2017 08:00:10 +0000 Andrea Cannon 1935492 at http://www.wisebread.com Could You Put Away a Million Dollars by Driving a Used Car? http://www.wisebread.com/could-you-put-away-a-million-dollars-by-driving-a-used-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/could-you-put-away-a-million-dollars-by-driving-a-used-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-508297588.jpg" alt="Woman learning if she can save a million dollars with a used car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When you buy a new car, there are several financial factors working against you. First, the asset you are buying &mdash; the car &mdash; depreciates rapidly. As soon as you drive it off the lot, it is worth thousands less than what you paid. In about four years, a new car will typically be worth <em>half </em>its original value.</p> <p>Secondly, when you make car payments, you are paying interest. So not only are you putting money into an asset that is certain to depreciate, you are borrowing money and paying compound interest as well.</p> <p>Finally, there is the opportunity cost of buying a new car. This is a factor many people forget about. Put simply, opportunity cost is what you give up by choosing one investment or purchase over another. Instead of spending money on a depreciating asset, you could invest the money instead where it would likely grow. Over a lifetime, this could add up to a significant amount of money. Opportunity cost is a key tool in business, and has many uses in daily life, too. Fortunately, the math is simple: Opportunity cost = return of most lucrative option - return of chosen option.</p> <p>As you can see, buying a new car doesn't make much sense when you look at it from a financial perspective. But could you come out $1 million dollars ahead driving used instead of buying new?</p> <h2>New car versus used car scenarios</h2> <p>In many parts of the United States, it's impossible to get to your job or other places you need to go without a car. I'm not suggesting you have to completely give up automobiles. But there is a big difference between always buying a brand-new car, and buying used. And when you consider that you could be investing that price differential in a growing stock market, the argument for used cars becomes hard to ignore.</p> <p>I'll run through some scenarios to analyze the opportunity cost of making new car payments, considering how much you could end up with if you choose to invest the money instead where it could grow rather than depreciate.</p> <p>For the opportunity cost, the analysis assumes that over the long term you could realize an 8 percent rate of return from stock market investments. Of course, no one knows how the stock market will perform in the future, but an 8 percent rate of growth is often used as a long-term average that includes both boom and bust cycles. The goal of this analysis is to provide a general idea of the potential magnitude of making car payments instead of investing the money.</p> <p>The scenarios for buying new cars versus driving used cars will run for 40 years to represent a lifetime of car buying behavior. Note that the effect of inflation on the price of the car or on potential investment value is not included in the analysis. Now, let's find out how much you could save by driving a used car.</p> <h3>Scenario 1: That new car smell!</h3> <p>First, let's look at a scenario where you always drive a new car. We'll assume you buy a brand-new car for $35,000 every four years with a 48-month financing plan that charges 0.9 percent interest. You make payments for four years, and then trade it in for its depreciated value (we'll use $17,000), and the trade-in value is applied toward the purchase of your next new $35,000 car. In this scenario, you are always making payments on a new car.</p> <p>Using the <a href="https://www.calcxml.com/calculators/car-calculator?skn=#results" target="_blank">Calc XML car loan calculator</a>, we find that the monthly car payment for the first four years is $743, then it's $382/month for the following 36 years when we're able to take advantage of the $17,000 trade in every four years. Adding up those payments we get (743 x 48) + (382 x 432) = $35,664 + $165,024 = $200,668.</p> <p>Now, let's calculate the opportunity cost of making those new car payments for 40 years. We'll use an <a href="http://www.calcxml.com/calculators/interest-calculator" target="_blank">investment calculator from CalcXML</a>. Assuming annual compounding, with a start amount of $0, an annual interest rate of 8 percent, and an annual deposit of $8,916 (those monthly $743 car payments x 12), we get a future value of $43,391. That's the amount we could have made if we'd foregone our first four years of new car payments and instead invested that money in the stock market.</p> <p>After those first four years, the amount of our car payments, and thus the opportunity cost of investing them, will be lower ($382 per month, or $4,584 per year) because we'll be getting a $17,000 trade-in for our old car. We'll start with investing the $43,391 we earned in the first four years, and after 36 years of such contributions, we end up with a balance of $1,619,165. This amount represents the opportunity cost of making new car payments for 40 years. That's how much we're losing out on stock market gains by burning our money up on new car payments!</p> <p>Results over 40 years:</p> <ul> <li>Total cost of car payments: $200,668</li> <li>Total return: $0</li> <li>Total invested (if we skipped the car altogether): $200,668</li> <li>Total returned: $1,619,165</li> <li>Opportunity cost: $1,619,165 - $0 = $1,619,165.</li> </ul> <p>If you invested instead of making car payments, the opportunity cost of always driving a new car is: $1,619,165.</p> <h3>Scenario 2: Drive it till it drops!</h3> <p>Next, let's consider the other extreme. In this scenario, you never make car loan payments. Let's assume you take a frugal approach to buying older used cars, and budget only $600 per year for purchasing the next car. With this budget, you could afford to buy a $6,000 used car every 10 years to meet your transportation needs &mdash; with no finance charges involved. Also, a budget of $100 per month for maintenance and repairs is included in the analysis, since you will always be driving an older car in this scenario. As I mentioned, this is a frugal scenario. You'll need to save up your $150 per month total car budget until you have enough to pay cash for a used car.</p> <p>Again, to calculate the opportunity cost, we'll consider investing $1,800 a year ($600/year + $100 maintenance fees x 12 months) for 40 years with interest compounded annually.</p> <p>Results over 40 years:</p> <ul> <ul> <li>Total cost of car expenses: $72,000<br /> &nbsp;</li> <li>If you invested your car expenses instead, the opportunity cost of driving a cheap used car is: $503,607<br /> &nbsp;</li> <li>Opportunity cost benefit over always driving a new car: $1,115,558 ($1,619,165 - $503,607)</li> </ul> </ul> <p>Since the opportunity cost of driving a new car all the time is around $1.6 million, by buying a cheap used car and maintaining it for 40 years you come out ahead by more than $1.1 million (i.e., the opportunity cost of the used car is only about $500,000, which is $1.1 million less than the opportunity cost of always driving a new car). In other words, if you only bought cheap used cars and invested the money you would have otherwise spent on new cars, you could make more than a million dollars in the stock market over 40 years.</p> <h3>Scenario 3: Buy a four-year-old car, drive it for 10 years</h3> <p>Now, what if you buy a four-year-old used car for $17,000, pay it off in four years at 4.9 percent interest, and then drive it for six more years with no payments? Since your car is more than four years old at all times, the analysis includes $100 per month for repairs and maintenance throughout the scenario.</p> <p>If you buy a four-year-old car and drive it for 10 years, this means that you will be driving a 14-year-old car at times. If you have not driven a car this old before, you may be concerned about reliability, but I can say from experience that well-maintained cars will easily run this long.</p> <p>Results over 40 years:</p> <ul> <ul> <li>Total cost of car expenses: $103,872<br /> &nbsp;</li> <li>If you invested instead, the opportunity cost of driving a nice used car is: $817,985<br /> &nbsp;</li> <li>Opportunity cost benefit of driving a nice used car instead of always driving a new car: $801,180 ($1,619,165 - $817,985)</li> </ul> </ul> <p>In other words, even if you bought a relatively nice used car every 10 years and invested the money you would have otherwise spent on new cars, you could still make more than $800,000 in the stock market over 40 years.</p> <h2>How much can you save driving used cars?</h2> <p>The results of these car buying scenarios over a 40-year period show that if you are willing to minimize your car payments by driving inexpensive used vehicles instead of new ones, you can come out ahead not only by saving on car expenses themselves, but by reducing the opportunity cost of your car payments by $1,115,558 &mdash; over a million dollars! If you buy four-year-old cars instead of brand-new and drive them for 10 years, you can come out ahead by around $800,000 in opportunity cost compared with driving brand-new cars.</p> <p>When you look at making a car payment of a few hundred dollars per month, it may not seem like a lot of money. But as you can see, financing new vehicles can add up to a lot of missed investment opportunity over time. This makes driving a used car instead of a new car seem like a relatively painless way to boost your retirement fund.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dr-penny-pincher">Dr Penny Pincher</a> of <a href="http://www.wisebread.com/could-you-put-away-a-million-dollars-by-driving-a-used-car">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/3-reasons-why-you-should-never-buy-a-new-car">3 Reasons Why You Should Never Buy a New Car</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/buying-a-rental-car-heres-what-you-need-to-know">Buying a Rental Car? Here&#039;s What You Need to Know</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-buy-a-used-car-without-getting-ripped-off">How to Buy a Used Car Without Getting Ripped Off</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/you-cant-make-it-as-a-one-car-family-now-what">You Can&#039;t Make It as a One-Car Family: Now What?</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/5-simple-ways-to-cut-your-car-expenses">5 Simple Ways to Cut Your Car Expenses</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation comparisons depreciation investing new cars one million dollars saving money trade in value used cars vehicles Thu, 13 Apr 2017 09:00:09 +0000 Dr Penny Pincher 1923960 at http://www.wisebread.com 6 Mistakes Parents of Teen Drivers Make http://www.wisebread.com/6-mistakes-parents-of-teen-drivers-make <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-mistakes-parents-of-teen-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/iStock-472711350.jpg" alt="Learning mistakes parents of teen drivers make" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The day your child gets their driver's license is a big day for your teen and a nerve-wracking one for you. It's natural to worry about the safety of your kid on the open road. And picturing your young driver merging into busy highway traffic might cause you plenty of sleepless nights.</p> <p>Adding a teen driver to your auto insurance policy will also bring a hit to your finances. A study by InsuranceQuotes.com released in the summer of 2016 found that the average family adding a teen driver will see yearly insurance premiums rise by an average of 79 percent.</p> <p>Here are six mistakes to avoid if you don't want your insurance premiums to skyrocket the day they get that long-awaited license.</p> <h2>1. Not adding your teen driver to your policy</h2> <p>You might think there's no need to do it right away, as they're only allowed to drive to school and back, or to other local spots that aren't far from home. But your teen doesn't need an hour commute each day to require the financial protection of an insurance policy. According to an accident survey conducted in 2012 by the NHSTA, 52 percent of car accidents occur within a five-mile radius of home. You never know what can happen once your kid heads out on the road. Make sure they are covered before you hand them the car keys.</p> <h2>2. Letting them drive too soon</h2> <p>Just because teens can start driving at 16, doesn't mean that your child needs to be behind the wheel at such a young age.</p> <p>Maybe your teen isn't ready to start driving at 16. Maybe it makes sense to wait an additional year or two before they start taking driver's education courses.</p> <p>Having your teen wait can actually make financial sense. The InsuranceQuotes.com study found that teen drivers have a lower average hit on your auto insurance premiums the older they are. Waiting until your teen is 17, for instance, could reduce your policy's rate increase.</p> <h2>3. Buying them a new car</h2> <p>It's exciting to hand the keys of a shiny new car to your new driver. You might also justify it by thinking it's safer (newest technology and all). But an expensive new car is also more expensive to insure. Does your teen really need the thrill of driving an impressive car, or can that feeling be saved up for the time when they work hard to pay for one themselves?</p> <h2>4. Forgetting about the good-grade discount</h2> <p>Teen drivers will receive a discount on their insurance rates if they are considered good students. The theory is that better students tend to make for safer drivers. Typically, teens with B averages can expect some sort of good student discount.</p> <p>If your child does get good grades, don't forget to report them to your auto insurer. The discount for good grades is a solid one, and usually ranges from 5 percent to 15 percent off.</p> <h2>5. Failing to enforce the rules</h2> <p>Teen drivers generally face greater restrictions than other drivers. These restrictions vary by state, but your teen might not be allowed to drive past a certain hour in the evening and might be restricted to a certain number &mdash; and age limit &mdash; of passengers.</p> <p>It's important for parents to enforce these rules. If teen drivers are caught violating their driving curfew or with a car full of teen friends, they will get a citation. And that citation will boost your already higher insurance premium.</p> <h2>6. Not checking pay-as-you-go programs</h2> <p>Many auto insurers now offer pay-as-you-go insurance programs. Under these programs, you insert a small electronic device into your car's onboard diagnostics system. The device then tracks how many miles you drive and how long you drive. Some insurers also track the speeds at which you drive and how often you slam on your brakes while driving.</p> <p>If your statistics show that you don't drive too many miles, you might be eligible for a low-mileage discount. You might also qualify for additional discounts if your insurer determines that you generally drive at safe speeds.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/6-mistakes-parents-of-teen-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-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/5-myths-about-car-insurance">5 Myths About Car Insurance</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/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</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/5-times-you-can-score-a-great-deal-on-a-new-car">5 Times You Can Score a Great Deal on a New Car</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-cut-car-ownership-costs">How To Cut Car Ownership Costs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Family car insurance car safety Cars driver's license new car new driver teen driver teenage driver Wed, 29 Mar 2017 08:30:12 +0000 Dan Rafter 1917658 at http://www.wisebread.com Here's How a Claim Will Impact Your Car Insurance http://www.wisebread.com/heres-how-a-claim-will-impact-your-car-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-a-claim-will-impact-your-car-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-475427309.jpg" alt="Man learning how a claim will impact car insurance" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You sideswiped a parked car. Or maybe you slammed on the brakes too late and rear-ended the driver ahead of you. Whatever happened, the accident is clearly your fault. Now it's time to give your insurance a call.</p> <p>When you file a claim, your auto insurer will pay for the repairs to your vehicle and, if you are at fault in the accident, whatever repairs are needed for other vehicles involved in the collision. Your insurer might also pay for any injuries suffered by you or other drivers.</p> <p>But filing a claim also comes with a negative: In most cases, it will cause your insurance rates to rise. How much your policy's rate rises depends on a host of factors.</p> <h2>Mitigating Factors</h2> <p>On its website, Geico says that drivers' rates don't automatically rise after an accident. Instead, the insurer looks at several factors before deciding whether to issue a rate increase. These include your driving record, the number of claims you've made in the past, and the amount of money that the insurer has paid out to you during the life of your insurance policy.</p> <p>Esurance also states that insurance rates don't automatically jump after an accident. The company says that minor accidents and fender benders don't always equal a rate increase, especially if you have a record of safe driving.</p> <p>Fault matters, too, of course. Esurance says that if you weren't at fault in an accident, your premium might not jump.</p> <h2>When Are Rates Most Likely to Jump?</h2> <p>Both Geico and Esurance say that premiums are more likely to increase if you are found at fault in a major accident. Again, your past driving record plays a big role in determining not only if your rate jumps after a major accident, but by how much.</p> <p>Your insurer, though, might increase your rate even if you weren't the driver who caused the accident. That's because car insurers have determined that even after an accident that isn't your fault, you are still statistically more likely to get into another accident. This makes you more of a risk to your auto insurer.</p> <p>Some states regulate how much of an increase you'll see after an accident, no matter who was at fault. Consider New York. Here, insurance companies can boost rates only if you were found at fault in an accident that caused injuries or more than $2,000 in property damage. In Massachusetts, insurers can only raise your premiums if you are found to be more than 50 percent at fault in an accident.</p> <p>You might also live in what is known as a no-fault state. In these states, each driver's insurer pays part of the costs involved in an accident, no matter who caused the incident. If you live in a no-fault state and file a claim, odds are that your insurance premium will rise even if the other driver was the cause of your accident.</p> <h2>How Long Before Your Rates Fall Again?</h2> <p>Fortunately, a rate increase isn't permanent. Esurance said that several factors play a role in how long your insurance premiums will remain at an elevated level after an accident. These include the severity of the accident, who was at fault, and whether alcohol was involved.</p> <p>Some states will regulate how many years back insurers can look when calculating premiums. In Massachusetts, drivers' at-fault accidents can only impact their auto insurance rates for three to five years.</p> <p>In general, you can expect your elevated rates to remain in place for three to five years.</p> <h2>How Much of an Increase Will You See?</h2> <p>Here's the big question: How much will your insurance rates rise after an accident? Again, this depends on a host of factors: Who caused the accident, were people injured, was there significant property damage, was speeding involved, were you drinking?</p> <p>A 2016 report by NerdWallet found that rates typically rise by $300 or less a year for an accident that you caused resulting in under $2,000 worth of damage. That rate increase jumps to $300&ndash;$600 a year if you cause an accident with $2,000 or more in property damage. If you cause an accident that results in any human injury, your rates will typically increase by $400&ndash;$800 a year.</p> <p>And if you are found at fault in multiple accidents causing $2,000 or more in property damage, your rates could rise by $1,000 or more a year.</p> <p>If your rate is going to rise, it won't come as a surprise. Insurers will notify you of any upcoming increase. Geico, for instance, says it will send you information about any rate increases about 30 days before your policy is up for renewal. At that point you can shop around to see if another company might give you a better rate.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/heres-how-a-claim-will-impact-your-car-insurance">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/3-things-you-should-know-about-rental-car-insurance">3 Things You Should Know About Rental Car Insurance</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/4-tips-to-save-on-car-insurance">4 Tips to Save on 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/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</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/is-pay-as-you-drive-auto-insurance-worth-it">Is Pay-As-You-Drive Auto Insurance Worth It?</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/what-to-do-and-not-do-when-youre-in-a-car-accident">What to Do (and Not Do) When You&#039;re in a Car Accident</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance accidents at-fault auto insurance crashes fender benders no-fault premiums rate increase Fri, 17 Mar 2017 11:00:11 +0000 Dan Rafter 1909972 at http://www.wisebread.com Best Money Tips: Save Time and Money With These Driving Tactics http://www.wisebread.com/best-money-tips-save-time-and-money-with-these-driving-tactics <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-save-time-and-money-with-these-driving-tactics" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_driving_505602228.jpg" alt="Woman saving time and money with driving tactics" title="" 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 articles on simple driving practices that will save you time and money, cheap ways to learn new skills online, and how to make a good impression on your first day at work.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.thesimpledollar.com/15-simple-driving-tactics-that-will-save-you-surprising-money-and-time-too/">15 Simple Driving Tactics That Will Save You Surprising Money (and Time, Too)</a> &mdash; Avoid parallel parking whenever you can. You could waste a lot of time (and gas) jockeying back and forth to get into position. [The Simple Dollar]</p> <p><a href="http://www.csmonitor.com/Business/Saving-Money/2017/0221/5-cheap-ways-to-learn-new-skills-online">5 cheap ways to learn new skills online</a> &mdash; These websites offer courses where you can learn new, marketable skills. [The Monitor]</p> <p><a href="https://www.dumblittleman.com/first-day-work-make-good-impression/">First Day at Work? How to Make a Good Impression</a> &mdash; Be open to new knowledge, especially on your first day. Don't hesitate to ask questions about your assignments, the company, and any resources that may help you do your new job. [Dumb Little Man]</p> <p><a href="http://www.popsugar.com/smart-living/Fun-Activities-Introverts-38912181">22 Hobbies For People Who Really Love to Be Alone</a> &mdash; Gardening can be a fun activity for introverts. You can stay close to home while cultivating something beautiful or useful. [PopSugar Smart Living]</p> <p><a href="http://www.kiplinger.com/article/business/T071-C000-S002-smart-strategies-to-get-more-sleep.html">Smart Strategies to Get More Sleep</a> &mdash; Avoid eating a big meal close to bedtime. If you're still hungry after dinner, have a small snack that's easy on your stomach, like cheese and crackers. [Kiplinger]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.shebudgets.com/health/5-basic-nutrition-rules-keep-body-healthy-2017/72159">5 Basic Nutrition Rules to Keep your Body Healthy in 2017</a> &mdash; Get a good amount of protein in your diet to boost your energy level. [SheBudgets]</p> <p><a href="http://bargainbriana.com/5-affordable-ways-keep-home-safe-secure/">5 Affordable Ways to Keep Your Home Safe &amp; Secure</a> &mdash; Millions of people each year are treated for fall-related injuries. To prevent falls, keep clutter off the floor, tape down your rugs, and install nonslip mats and grab bars in bathrooms. [Bargain Briana]</p> <p><a href="http://www.morewithlesstoday.com/10-tips-for-scoring-great-finds-at-the-thrift-store/">10 Tips for Scoring Great Finds at the Thrift Store</a> &mdash; It can be difficult to comb through an entire thrift store by yourself. Bring a friend, divide up the tore, and shop for each other. [More With Less Today]</p> <p><a href="https://due.com/blog/developing-discipline/">5 Tips for Developing Discipline to Reach Your Goals</a> &mdash; Take care of your health! You make better decisions when you're well-rested and healthy. [Due]</p> <p><a href="http://www.stackthechips.com/7-home-upgrades-not-worth-money-time/">7 Home Upgrades Not Worth Your Money And Time</a> &mdash; Pools are fun in the summer but they&rsquo;re expensive to maintain. [Stack The Chips]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-save-time-and-money-with-these-driving-tactics">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/17-things-car-salesmen-dont-want-you-to-know">17 Things Car Salesmen Don&#039;t Want You to Know</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/remove-car-dents-quickly-and-cheaply">Remove Car Dents Quickly and Cheaply</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/heres-how-the-right-rv-and-vehicle-insurance-protects-your-summer-fun">Here&#039;s How the Right RV and Vehicle Insurance Protects Your Summer Fun</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/5-best-gas-rewards-credit-cards">Best Gas Rewards Credit Cards</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/can-acetone-dramatically-increase-your-gas-mileage">Can Acetone Dramatically Increase Your Gas Mileage?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation best money tips driving tactics Thu, 23 Feb 2017 17:43:26 +0000 Amy Lu 1897623 at http://www.wisebread.com How to Get a High Rating and Make More Money as an Uber Driver http://www.wisebread.com/how-to-make-more-money-as-an-uber-driver <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-make-more-money-as-an-uber-driver" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-542696492.jpg" alt="make more money as an uber driver" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you currently <a href="http://uber.7eer.net/c/27771/207645/3437" target="_blank">drive for Uber</a> or Lyft, or have considered <a href="http://www.wisebread.com/7-ways-to-earn-extra-money-with-your-car?ref=internal" target="_blank">using your vehicle to make money</a>, then there are some tips you can take advantage of to earn even more. The secret to making the most money out of these services is by getting a high rating. The higher the rating, the more opportunities you'll have. With Lyft, that may mean a larger tip. Uber offers incentive programs to highly rated drivers. Here are some easy ways to earn a high rating while driving for these services. (See also: <a href="http://www.wisebread.com/how-to-earn-extra-money-driving-for-uber-or-lyft?ref=seealso">How to Earn Extra Money Driving for Uber or Lyft</a>)</p> <h2>Provide the Best Service</h2> <p>By offering service above and beyond, you'll ensure a high rating from your passengers. Open the passenger door and help put their luggage in the trunk. Have phone chargers handy for your guests and don't forget to give your riders a high rating so they are more inclined to do the same for you.</p> <h2>Know the Area Well</h2> <p>The best drivers know their area well. They won't make a wrong turn or take the wrong exit because they got confused with the directions on their driving app. They know how to bypass congested areas safely and navigate smoothly. If the passenger thinks you're uneasy with the neighborhood, it'll make them less confident about your ability.</p> <h2>Ignore Your Phone</h2> <p>Many drivers use a Bluetooth headset or check their texts while they're driving. But it's never appropriate if you're on the job. Not to mention it can be illegal to use your phone while driving. You surely won't get a 5 star rating if you get stopped for a ticket.</p> <h2>Keep Your Vehicle Clean</h2> <p>Give your car a regular washing, inside and out. It should also smell clean, so it's a good idea to have a suble air freshener and drive with the windows down when there aren't passengers to air out any lingering odors.&nbsp;</p> <h2>Dress and Act Professionally</h2> <p>One of <a href="https://newsroom.uber.com/uk/meet-mohammad-the-driver-with-the-highest-rating-in-europe/" target="_blank">Uber's highest rated drivers</a> has a simple tip: If you're unhappy, don't come to work. The passengers aren't forcing you to work this job, in fact, they're paying you their hard earned money to provide a service. And just because you're not in an &quot;office&quot; it doesn't mean you should be dressed like you work from home. Dress in clean and neat clothes, and be polite and respectful.&nbsp;</p> <h2>Keep the Music Low</h2> <p>Keep the music at a reasonable volume. Soothing music like jazz or classical can put passengers in a relaxed mood. You can also ask whether they have a preference in music. Some might prefer to have no music at all.</p> <h2>Don't Be Overly Friendly</h2> <p>Your passengers want a positive experience in your vehicle. It's important that you are friendly and sociable, without going overboard. Don't push the conversation, as many riders prefer to be left alone or want to have a conversation with their fellow passenger.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/how-to-make-more-money-as-an-uber-driver">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-earn-extra-money-with-your-car">7 Ways to Earn Extra Money With Your Car</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-you-can-earn-18-to-25-an-hour-with-amazon-flex">How You Can Earn $18 to $25 an Hour With Amazon Flex</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/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</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/5-unexpected-side-benefits-of-your-side-hustle">5 Unexpected Side Benefits of Your Side Hustle</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Extra Income lyft part-time job ridesharing side hustle side job Uber uber app uber driver Mon, 16 Jan 2017 10:30:25 +0000 Andrea Cannon 1873578 at http://www.wisebread.com Is Pay-As-You-Drive Auto Insurance Worth It? http://www.wisebread.com/is-pay-as-you-drive-auto-insurance-worth-it <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/is-pay-as-you-drive-auto-insurance-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_driving_car_540836094.jpg" alt="Woman learning if pay-as-you-drive auto insurance is worth it" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Don't drive much throughout the year? Your wallet may be in luck, in more ways than one. Pay-as-you-drive car insurance plans (also known as usage-based car insurance plans) can provide a money-saving solution for drivers who don't drive often. Each month, your rate will vary based on how much you drive. The less you drive, the more you'll save.</p> <h2>How Does the Plan Work?</h2> <p>These unique auto insurance options work a bit like pay-per-minute cellphone plans, where you're only charged for what you use. In order to accurately determine how much you're driving, you will receive a small wireless device that plugs into your vehicle's OBD-II port. This will alert your insurance company to how many miles you drove, so they can determine your monthly bill.</p> <h2>Who Qualifies?</h2> <p>Pay-as-you-go insurer <a href="http://www.tkqlhce.com/click-2822544-12479902-1459881208000" target="_blank">Metromile</a> estimates that if you drive less than 200 miles per week, you can save money with their pay-per-mile insurance plans. They also found that if you drive less than 5,000 miles a year, you could pay 40%&ndash;50% less than you would with a traditional insurance plan. In fact, they estimate that 65% of drivers are overpaying for their insurance. These types of plans are especially beneficial to drivers who don't drive very often and people who are paying high insurance rates due to their age or credit history.</p> <h2>How the Pricing Works</h2> <p>Once you enroll, you will pay a low monthly base rate, plus a charge per mile of driving. Through Metromile, if you drive more than 150 miles per day (or 250 per day in Washington), you won't be charged for the extra miles above the cap, which means you won't overpay on a long trip. Other factors can also affect your rate, including age, vehicle, and driver history.</p> <h2>How Much Can You Save?</h2> <p>Many drivers will limit their coverage in order to save money when they don't drive often. However, this can end up costing you more in the end if you <em>do</em> get in an accident. Instead, a pay-as-you-drive plan can provide the coverage you need and save you money every month.</p> <p>Some insurers claim that you will save anywhere from 20%&ndash;50% on your premium, and certain providers will even offer an immediate discount just for installing the tracking device to your vehicle's onboard diagnostics port. You can get an accurate idea of how much you can save by comparing your current auto insurance costs to what you would spend using a simple plan, like those that Metromile offers.</p> <p>As an example, we will use Metromile's estimate of $46 per month, which includes a $30 flat monthly rate and 500 miles driven x $0.032 per mile. According to the National Association of Insurance Commissioners, the national <a href="http://www.dmv.org/insurance/average-car-insurance-rates.php" target="_blank">car insurance average</a> rate is just over $900 per year for a single driver. Compared to the $552 per year that you would spend on pay-as-you-drive plans, you'll save about $350 per year if you drive 500 miles per month, on average.</p> <h2>Who Offers It?</h2> <p>Progressive, Allstate, State Farm, Travelers, Esurance, Nationwide, The Hartford, Safeco, American Family, and GMAC are some of the bigger insurance companies that offer these types of plans, but many have additional stipulations. For instance, Progressive also monitors what type of driver you are by also collecting information about how hard you brake, how much you accelerate, and your driving patterns. Insurance companies like Metromile only monitor how many miles you are driving.</p> <h2>Is It Right for You?</h2> <p>Along with deciding whether to sign up for this type of plan, you will also need to find the right insurance provider. Sites like <a href="http://www.carinsurance.com/Articles/pay-as-you-drive-discounts.aspx" target="_blank">carinsurance.com</a> can help you determine what type of discount you can expect, what's measured, and what's available in your state.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/is-pay-as-you-drive-auto-insurance-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-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/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-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</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/4-tips-to-save-on-car-insurance">4 Tips to Save on 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/when-to-drop-collision-coverage-on-your-car">When to drop collision coverage on your car</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance car insurance mileage pay as you drive premiums rates savings usage based car insurance Mon, 09 Jan 2017 10:30:23 +0000 Andrea Cannon 1869650 at http://www.wisebread.com My 2016 Budget Challenge: What to Do With a Totaled Car http://www.wisebread.com/my-2016-budget-challenge-what-to-do-with-a-totaled-car <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/my-2016-budget-challenge-what-to-do-with-a-totaled-car" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/toy_cars_crash_522837385.jpg" alt="Here&#039;s what to do with a totaled car" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p><em>[Editor's Note: This is another episode in Max Wong's journey to find an extra $31,000 this year. Read the whole series </em><a href="http://www.wisebread.com/topic/max-wongs-budget-0" target="_blank"><em>here</em></a><em>.]</em></p> <p>Some stereotypes are true. People in Los Angeles suck at driving in the rain.</p> <h2>The Accident</h2> <p>Last week, Mr. Spendypants and I were driving down the center lane of the 110 Freeway. The road ahead was a multicar accident scene. Blocking the left hand lane was a smashed car facing oncoming traffic, its windows completely blocked by air bags. Blocking the right hand lane was not one, but two separate pileups.</p> <p>As we approached the accidents, we were struck from behind. The driver of the car that hit us had swerved to avoid crashing into the stopped vehicle in the left lane and plowed into our car, instead. The impact of the crash sent us skidding toward the stopped vehicles in the right-hand lane. If the initial impact wasn't bad enough, the driver who rear-ended us tried to pull out of his skid only to drive into the side of our car, instead.</p> <p>My first thought as we finally came to a stop on the wet pavement: Why did this have to happen to our nice car and not the <a href="http://www.wisebread.com/my-2016-budget-challenge-everything-breaks" target="_blank">clunker that I want to part out for cash</a>?</p> <h2>The Aftermath</h2> <p>Karina, our 1993 Volvo 240 station wagon, did her job. We drove away from the accident without a scratch. Unfortunately, Karina didn't fare as well. The accident had smashed a rear door and quarter panel, and ripped off molding, a brake light, and a bumper cover.</p> <p>The next morning we drove Karina over to our <a href="http://www.wisebread.com/my-2016-budget-challenge-job-creation" target="_blank">Swedish mechanic</a> who put her up on the lift. Miraculously, she had not sustained any mechanical damage from the accident, just body damage. She is in perfect driving condition.</p> <p>Even with this slightly good news, I knew at this point that Karina was totaled. Car insurance generally works off a very easy algorithm: If the cost of repair is more than 75% of the car's value, that car is declared a total loss even if the car is in perfect working order.</p> <h2>The Appraisals</h2> <p>The bodywork estimate: $2,000. Average <a href="http://www.nadaguides.com/Classic-Cars/1993/Volvo/240/4-Door-Station-Wagon/Values" target="_blank">value of a 1993 Volvo 240 wagon</a>: $2,400. Boo.</p> <p>Luckily, the driver of the car that hit us is insured (by Progressive). We had their adjuster give us an appraisal and got a second appraisal (and opinion) from State Farm, Mr. Spendypants' car insurance. Both companies called Karina a total loss. This means that instead of paying to fix her, the insurance company would cash us out on Karina's value and we'd drive home in a damaged car with a check in our pocket.</p> <p>If we went through State Farm, the accident would go against our deductible and we would end up with a check for $3,199. If we went through Progressive, there would be no impact on our deductible and we would end up with a payout of $3,480.</p> <p>By the way, we were totally shocked that Karina had retained so much value. We'd purchased her in 2012 for $3,500. We were anticipating that they insurance companies would give us $1,000 and we'd be stuck paying out of pocket to repair her.</p> <p>Both insurance companies offered to buy Karina from us for scrap. Progressive valued Karina at $119 as scrap, and State Farm offered us a princely sum of $75 to take our totaled car off our hands. While all insurance companies offer to buy totaled cars &mdash; as a convenience to the customer &mdash; it should be noted that Karina's used parts are worth around $15,000. The rear door that we will have to replace on Karina sells for $450. And that's just for the exterior metal panel, not the interior of the door!</p> <p>I have no idea why more people don't understand what a total money-loser this is.</p> <p>The loss of almost $15,000 in parts value is not a convenience. Instead we will take our chances on repairing Karina. We accepted Progressive's check for $3,480.</p> <h2>The Action Plan</h2> <p>This is where owning a totaled car gets sticky. The moment Progressive cut us a check is the moment when we lost the original title to Karina. The state of California, like most states, revokes the original title on totaled vehicles to prevent damaged cars from being resold to unsuspecting buyers. The DMV will replace our original title with a Salvage Certificate. This becomes the new ownership document. Once we repair Karina, we can re-register her as &quot;Revived Salvage.&quot; She will never get a clean title again, but we will be able to resell her if we want to down the road.</p> <p>Yes. The process of re-registering Karina will be inconvenient, but not $15,000 worth of inconvenience. This is what my next week's <a href="http://www.wisebread.com/reach-your-money-goals-faster-with-a-simple-naming-trick" target="_blank">action plan</a> looks like:</p> <ul> <li>Complete an Application for Reregistration.</li> </ul> <ul> <li>Pull Karina's prior bills of sale to prove the chain of ownership.</li> </ul> <ul> <li>Have California Highway Patrol inspect Karina.</li> </ul> <ul> <li>Obtain smog inspections and other equipment certificates, if necessary.</li> </ul> <ul> <li>Pay the $50 total loss salvage inspection fee, the $5 automated per year prior history fee, and the title and registration fees.</li> </ul> <p>Alas, the body shop will not be able to repair Karina until the New Year. This means that we will be back down to one car for the entire month of December.</p> <p>Silver lining: We can use the $3,480 to pay down our debt challenge in the meantime.</p> <h2>Progress So Far</h2> <p>Well, there are better ways to make money than getting double-tapped on the freeway, but I'll take it.</p> <p><strong>Goal:</strong> $31,000</p> <p><strong>Amount Raised:</strong> $29,867.42</p> <p><strong>Amount Spent:</strong> $13,598.66</p> <p><strong>Amount Left to Go:</strong> $14,731.24</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/my-2016-budget-challenge-what-to-do-with-a-totaled-car">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/my-2016-budget-challenge-job-creation">My 2016 Budget Challenge: Job Creation</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/my-2016-budget-challenge-three-lessons-about-saving-one-husband-learned-in-a-year">My 2016 Budget Challenge: Three Lessons About Saving One Husband Learned in a Year</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/my-2016-budget-challenge-reduce-debt-or-save-for-an-emergency">My 2016 Budget Challenge: Reduce Debt or Save for an Emergency?</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/my-2016-budget-challenge-everything-breaks">My 2016 Budget Challenge: Everything Breaks</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/my-2016-budget-challenge-how-to-turn-your-spouse-into-a-money-saver">My 2016 Budget Challenge: How to Turn Your Spouse Into a Money Saver</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Cars and Transportation budget challenge car accidents insurance max wongs budget saving money totaled car Fri, 06 Jan 2017 10:30:25 +0000 Max Wong 1864424 at http://www.wisebread.com The 5 Best Bicycle Lights http://www.wisebread.com/the-5-best-bicycle-lights <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-5-best-bicycle-lights" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/vintage_bike_light_171237175.jpg" alt="Using the best bicycle lights" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you regularly commute by bike or just like the occasional night ride, you need a bike light to help you ride more safely. You can ride with confidence and instantly improve your visibility and safety with a bike headlight or taillight.</p> <h2>What Is a Bicycle Light?</h2> <p>A bike light is an illumination source that can be attached to your bicycle, which allows you to see better and allows you to be seen by oncoming drivers and pedestrians. You can choose from front, rear, and side lights, which can be mounted to the handlebar, helmet, or rear of the bike.</p> <p>Bicycle lights are an absolute essential for your personal safety, especially at night or where visibility and safety are a concern. They will also allow you to better see obstacles on the roadway, even in the dark and in incremental weather. (See also: <a href="http://www.wisebread.com/night-biking-get-set-up-to-ride-the-night-away?ref=seealso">Night Biking: Get Set Up to Ride the Night Away</a>)</p> <h2>Top 5 Bicycle Lights</h2> <h3>Blitzu Cyborg USB Rechargeable Bicycle Tail Light</h3> <p><a href="http://amzn.to/2hu89LE"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/blitzu.jpg" width="200" height="200" align="right" alt="" /></a>Amazon&rsquo;s #1 best-seller in bike taillights, the <a href="http://amzn.to/2hu89LE">Blitzu Cyborg 168T USB Rechargeable Bicycle Tail Light</a>, has a wide-beam of eye-catching red light for high intensity. The lightweight, stylish light is larger and brighter than most other lights, so you can rest assured that you will be seen from blocks away.</p> <p>The safety light has six modes with up to a five-hour run time. The super bright rechargeable rear LED bicycle light fits on any road bikes or helmets. It offers 180-degree visibility and has horizontal or vertical mounting options. It is water resistant and has a weather-tight design, so you can use it in all conditions. It has a two-hour charging time and an automatic, fully charged cutoff system. The simple control button is conveniently located on top of the light for easy access.</p> <p>This is easy to install with no wires or external batteries. It is an Amazon best-seller and has outstanding online reviews, including more than 1,300 five-star reviews on Amazon. It is backed by a 30-day money back guarantee and a one-year warranty for your added peace of mind.</p> <p><a href="http://amzn.to/2hu89LE"><em>Currently $18.82 on Amazon</em></a></p> <h3>BV Bicycle Light Set Super Bright 5 LED Headlight</h3> <p><a href="http://amzn.to/2gFntro"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/bv.jpg" width="245" height="176" align="right" alt="" /></a>Amazon&rsquo;s #1 best-seller in bike headlights, the affordable <a href="http://amzn.to/2gFntro">BV Bicycle Light Set</a> includes a five-white LED Headlight with 30-40 feet range and a three-red LED Taillight. The super bright lights have up to 80 hours of battery life. The cutaway design allows light to pass through the sides for better visibility. With this set, you will be visible to motorists up to 1,500 feet away.</p> <p>There are three modes on each durable light: Steady, Flashing, and Emergency. The headlight is angle adjustable to the left or right and the taillight is adjustable either up or down. The set is weather-resistant and water-resistant, so you can ride confidently in any condition. You can even remove the headlight to use as a flashlight for emergency situations.</p> <p>These are easy to install and remove with a tool-less handlebar mount and an angle adjustable clip-on quick-release clip. They fit most handlebars and seatposts. The set requires six AAA batteries, which are not included. It has outstanding online reviews, including more than 2,100 five-star reviews on Amazon. It is also backed by a one-year warranty for your added peace of mind.</p> <p><a href="http://amzn.to/2gFntro"><em>Currently $8.18 on Amazon</em></a></p> <h3>Light and Motion Urban 350 Bike Headlights</h3> <p><a href="http://amzn.to/2gIH5t9"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/light%20and%20motion.jpg" width="245" height="189" align="right" alt="" /></a>The <a href="http://amzn.to/2gIH5t9">Light and Motion Urban 350 Bike Headlight</a> offers up to 12 hours of runtime. The waterproof micro-USB rechargeable light can handle any weather conditions and can withstand drops on concrete from one meter. The bright light features four modes, a colored battery status indicator, and a lockout mode, so it doesn&rsquo;t burn itself out by accident. It offers an ideal beam pattern thanks to high-quality custom optics, which put the light where it&rsquo;s needed most so you can easily be seen. It also features powerful amber side lights for better visibility to alert cars.</p> <p>The universal mounting strap and quick-release handlebar mount make it easy to install and charge without the use of any tools. It includes a Micro USB Charge Cable and is available in a range of colors. It is backed by a two-year warranty for your added peace of mind. The Sweethome calls this the best headlight available. Heavy.com recommends a number of Light &amp; Motion lights, so you can&rsquo;t really go wrong with the brand.</p> <p><a href="http://amzn.to/2gIH5t9"><em>Currently $49.99 on Amazon</em></a></p> <h3>CygoLite Hotshot 50 lm USB Rechargeable Bicycle Tail Light</h3> <p><a href="http://amzn.to/2gxUdhC"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/cygolite.jpg" width="155" height="245" align="right" alt="" /></a>The <a href="http://amzn.to/2gxUdhC">CygoLite Hotshot 50 lm USB Rechargeable Bicycle Tail Light</a> lasts up to 500 hours on a single charge. The compact light is bright and easy to mount. It has six lighting modes and is water-resistant, so it works in all conditions. The on-site programmable (sop) technology allows for easy adjustments of the brightness and flash speeds. The new design also has an easier-to-push power button.</p> <p>This includes a mini USB charging cable, seatpost mount, and seat stay mount. It is an Amazon best-seller and The Sweethome calls it the best taillight available. If you&rsquo;d prefer a helmet mount, consider the <a href="http://amzn.to/2gIG8RL">Cygolite Expilion 850 USB Light with Helmet Mount</a> instead.</p> <p><a href="http://amzn.to/2gxUdhC"><em>Currently $28.98 on Amazon</em></a></p> <h3>Blitzu Gator 320 POWERFUL Bicycle Headlight</h3> <p><a href="http://amzn.to/2gII3Wp"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/blitzu2.jpg" width="200" height="179" align="right" alt="" /></a>Amazon&rsquo;s #1 best-seller in bike reflectors, the <a href="http://amzn.to/2gII3Wp">Blitzu Gator 320 POWERFUL Bicycle Headlight</a> includes a non-USB rechargeable LED taillight. The lightweight bike light can hold up to six hours on a charge. It has four modes and 360-degree swivel ability, so you can shine the light in any direction for ultimate visibility. The cycling safety light is super bright and offers up to 300 feet beam length. The USB rechargeable headlight charges in only two hours and features an automatic, fully charged cutoff system. The water-resistant light is weather tight, so you can use it in all conditions. The durable, reliable front bicycle light is constructed with military grade anodized finish, so it is impact resistant and built to last.</p> <p>It is easy to mount and detach the light without the use of tools. The quick-release feature allows you to slide the light out without removing the mounting bracket. The simple one touch dismount control button is conveniently located on top of the light for easy access. It is backed by a 30-day money back guarantee and a one-year warranty. It is an Amazon best-seller and has outstanding online reviews, including more than 1,100 five-star reviews on Amazon.</p> <p><a href="http://amzn.to/2gII3Wp"><em>Currently $24.97 on Amazon</em></a></p> <p>And those are our recommendations for the best bicycle lights. As always, be sure to check <a href="http://www.wisebread.com/buying-calendar">Wise Bread's Buying Calendar</a> to learn when and how to buy just about anything!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/the-5-best-bicycle-lights">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/the-5-best-folding-bicycles">The 5 Best Folding Bicycles</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/the-5-best-label-makers">The 5 Best Label Makers</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-5-best-eye-masks">The 5 Best Eye Masks</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-5-best-smart-alarm-clocks">The 5 Best Smart Alarm Clocks</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/the-5-best-cast-iron-skillets">The 5 Best Cast Iron Skillets</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Shopping 5 best bicycle lights bike bike lights product reviews shopping transportation Wed, 14 Dec 2016 10:31:20 +0000 Andrea Cannon 1853982 at http://www.wisebread.com You Can't Make It as a One-Car Family: Now What? http://www.wisebread.com/you-cant-make-it-as-a-one-car-family-now-what <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/you-cant-make-it-as-a-one-car-family-now-what" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-507846204.jpg" alt="going from a one-car family to two cars" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Having only one car seemed like a great idea, at first. It would save money, and surely you could all work out your schedules so that you could pass the car around, or drop each other off, or whatever.</p> <p>But then she got a new job across town, or you started working a lot of overtime. Maybe the car broke down and no one could get anywhere for three days, or your social schedules didn't overlap so well. Maybe sharing the car was causing so much friction that it was making the entire marriage feel hard.</p> <p>Whatever the reason, sometimes being a one-car family just doesn't work, or doesn't work anymore. Guess what? That's not the end of the world. Sure, it's more expensive to have two cars, but if that's what you need to do, then that's what you need to do. Here are some ideas to help you think through getting a second car and minimizing the impact on your finances.</p> <h2>Check the Problem</h2> <p>Is the car really the problem? And is getting another car the best solution to the problem?</p> <p>If you're fighting a lot and most of your fights are over the car, try to determine whether you're actually fighting over the car. Maybe, instead, one of you feels controlled by the other, or you're taking another frustration out on the car situation. Getting another car will only help if the car is actually the central problem.</p> <p>And if the distance to work is changing, consider whether moving might be a better option. Would you be happier, overall, if you had a shorter commute? Or, is there any way for one of you to use public transit, at least some of the time?</p> <p>Many times, getting a second car is the answer. But make absolutely sure it's the answer for you before you buy.</p> <h2>Consider Your Needs</h2> <p>Okay, so you definitely need a second car. But what kind of car, and how much car, do you need?</p> <p>If your second car is mainly going to be a commuter car, you can probably get something that is smaller and older, and therefore cheaper, than the cost of a new car. Sure, you still want to make sure it is reliable and in good working order, but you may not have to spend as much as you had first thought.</p> <h2>Re-Budget</h2> <p>Before you get a second car, consider all of the costs involved. There's not only the initial purchase of the car (or the down payment and regular monthly payments, if you go that route), but increased costs for maintenance, gas, and insurance, as well as any money you might invest in upgrading your vehicle (rims, speakers, stereo, etc.).</p> <p>Make sure your budget has room for these things before you buy, so you aren't blindsided when they come up. Having your money in order will make you feel more confident about this new decision.</p> <h2>Think of the Children</h2> <p>If you have kids or are planning to have them, consider car seats and their placement before you buy a second car. Will you need both cars to be able to transport the children? Will you want to swap car seats in and out or have separate seats for each car? Do your current seats fit in your new vehicle, with enough room for you to help buckle, unbuckle, etc.?</p> <p>These may seem like silly questions, but they can save you money later. If you buy a vehicle now that will meet your needs not only now but also in the future, you won't have to go through the hassle of selling a car and getting another one if things don't fit later on.</p> <h2>Plan Ahead</h2> <p>Before you go car shopping, decide which one of you will drive the new car and which one will keep using the old one. This may be a choice of personal preference, but there could also be good reasons why one or the other of you should have the new vehicle. Consider gas mileage, distance driven each week, commute time, comfort, and more.</p> <p>While you both should help choose the new car, recognize that some aspects of it will come down to who is going to drive it more and what they need and prefer. This can help in the selection process and may help make the ultimate choice of vehicle more straightforward.</p> <h2>Find Discount Gasoline</h2> <p>When you're driving two cars, you may be surprised at the cost of gasoline. If you can, try to find a discount program in your area. Many people find that they save by buying gas from Costco or Sam's Club, though you have to have a membership to use those stations.</p> <p>Other people get their fuel through a grocery store program. Kroger's is good, and they have stores throughout much of the United States. Albertson's also has one, though their stations are difficult to find in some parts of the country.</p> <p>Finally, most states have discount gas stations &mdash; places where they just charge less. In my area of the country, Sinclair and Valero tend to be cheap. They're usually a little out of the way, but aren't hard to hit if you know where they are and work them into your daily routine. You can save hundreds of dollars a year this way, depending on where you live and how much you drive.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/you-cant-make-it-as-a-one-car-family-now-what">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/11-smart-ways-to-boost-your-gas-mileage">11 Smart Ways to Boost Your Gas Mileage</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/3-reasons-why-you-should-never-buy-a-new-car">3 Reasons Why You Should Never Buy a New Car</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/could-you-put-away-a-million-dollars-by-driving-a-used-car">Could You Put Away a Million Dollars by Driving a Used Car?</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-does-it-cost-every-time-you-get-into-your-car">How Much Does it Cost Every Time you Get Into Your Car?</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/3-things-you-should-know-about-rental-car-insurance">3 Things You Should Know About Rental Car Insurance</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation commuting compromising driving new cars one car family two car family vehicles Mon, 05 Dec 2016 12:30:06 +0000 Sarah Winfrey 1845596 at http://www.wisebread.com