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Money Saving Tips

The Top 5 Benefits Of Carpooling For Your Kids

When you’ve been dropping off your son or daughter at school, have you noticed that more and more parents are actually carpooling? There are many reasons why it’s something that you should think about. Carpooling is not just what a lot of kids enjoy doing while spending some time with their friends on the way to school (and back home), but it can also make the parents of those children’s lives much easier.

Are you curious about what some of the main benefits of carpooling your kids are? If so, we have five good reasons why you should get on a carpool list as early as tomorrow morning (if you can):

It will save you money. Probably the most attractive thing about carpooling is that it keeps you from having to consistently spend money on things such as gas and parking fees. As parents rotate the carpool duty, it gives everyone a chance to be able to keep a few dollars in their own pockets. As a matter of fact, some reports say that it can ultimately save you as much as 50 percent in expenses.

January 17, 2013

Money Saving Tips

5 Of The Best Frugal Living Tips For Broke College Students

A college student with a limited amount of money; Gee, is there any other kind? Whether you’re on scholarship or financial aid, work study or you have a part-time job, no matter what your financial situation may be, there’s one thing that we know for sure: You’re trying to find ways to make your money last for just as long as you possibly can.

We’ve been there and we can totally relate. If you are looking for some frugal living tips, ones that will give you the ability to enjoy the college life without getting (financially) stressed out, we have five suggestions that can easily help you to reach that goal:

Cut out bad habits. Yeah, we know. College tends to be the time when you start certain habits more than you think about stopping them. But, if you’re a smoker, drinker or junk food eater, if you looked at the receipts for those purchases over a months’ time, it could literally cause you to go cold turkey. Vices come with a price, in more ways than one. Make sure to remember that.

January 9, 2013

Money Saving Tips

5 Tips To Help Reduce Your Auto Insurance Premium

All of us are on the constant pursuit of finding some solid ways to keep a few dollars in our pocket, right? Well, when it comes to paying monthly bills like your car insurance, while it’s certainly not wise (or legal) to try and get away with not having any, there are definitely some things that you can do to reduce the amount that you are currently paying on your premium without jeopardizing your coverage.

Is that hard to believe? Just check out these five tips and then discuss them with a customer service agent of your insurance company. By the end of the year, you (and your wallet) will be so glad that you did:

Shop around first (then stick with one company). Sometimes finding a great premium price is simply a matter of checking with several different insurance companies to get a variety of quotes. The truth of the matter is that there tends to be identical packages, at different rates, based on the company that you’re speaking with. However, once you do make a selection, try and get all of your insurance policies (auto, homeowner, business liability, etc.) from that one place. Most companies will give you about a ten percent discount just for doing so.

January 6, 2013

Money Saving Tips

How You Can Save Money In College And Maintain A Social Life

One of the best lessons that college will teach you is how to stretch a dollar (and by that, we mean a really long way). Whether you’re fortunate enough to attend school on scholarship, you are on financial aid and/or you need to hold down a job in order to make ends meet, we have some smart ways for you to save money while you’re enrolled so that you can enjoy all that college has to offer; including having a great social life!

Stay away from credit cards. Credit card companies love college students; so much, in fact, that you’ll probably see some of their representatives hanging out in your student union at least once a month. The main thing to remember about credit cards is that they are loans that you must pay back with interest. For that reason, you’re best sticking to cash and saving up for things that you really want.

January 5, 2013

Money Saving Tips

Saving Up For Your First Home

There will come a time when you wish to say goodbye to rental properties and purchase a home of your own. Indeed, often a mortgage works out cheaper than renting anyway.

The Largest Purchase You Will Ever Make

Saving money for a house is unlike saving for most other things. The amount will usually be larger than for any other goal you have ever tackled, and so the time frame will be much longer. The amount required is notoriously difficult to calculate and the sum of money you need will be much less intimidating if you think of it as a monthly amount rather than a lump sum. The larger the deposit you save, the more flexible the mortgage and the more competitive the interest rates. It is wise to create a graphical tool to motivate your saving, for example, a money thermometer. In the run-up to your purchase, you could free up money by avoiding or at least reducing the cost of renting by moving in with your parents or in-laws or sharing a house with friends.

November 15, 2012

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