Are You Wasting Money In The Worst Areas?

Do you have trouble with money? It’s possible that you struggle to save because your money is actually draining away in wasteful areas. There are lots of areas in life where you might be spending a lot more than you actually need to. Cut the cost, and you will find you have a lot more money to play with at the end of each month. Let’s start by thinking about purchases that you should never have made in the first place…

Are You Wasting Money In The Worst Areas? title with image of piles of coins

Straight Out The Box

Financial experts will tell you that you should never purchase a car brand new on the market. The reason for this is simply the depreciation. When you buy a car, it will immediately start to drop in value. There is literally no way that you can make money off a car that is purchased brand new when it comes time to sell. Unless of course, you decide to purchase a classic. However, even then, you will need to be careful how much you drive the vehicle and what you use it for. You see? Even purchasing a classic vehicle, something that should always balloon in value, isn’t guaranteed to lead to an ROI. The obvious answer then is to purchase a car second hand. While this can be risky, it does mean that you won’t be losing as much money when it does inevitably start to drop in price Instead of losing half the value of the car, that value will already be gone when you make the purchase. There are other benefits too. You’ll be able to afford a nicer car, and that car will be cheaper to insure. Gocompare.com can show you how expensive it is to insure a Merc and one that is second hand will always be a lot cheaper.

An image of an expensive new car

The Package Deal

Are you booking a holiday this year? You might have heard that booking a package holiday is cheaper. Unfortunately, it isn’t. If you use a package holiday, you’ll be buying your holiday from an agent. They will search through the indexes and systems to find the right holiday for you including hotels, flights, add-ons and anything else that you might have asked them about. They’ll then bunch all these items together. But on top of that, you’ll need to pay for their services. Agents will typically add money to the cost of your flight to cover their service. As such, instead, it’s far better to use sites like Lastminute.com to find your own. Right now, it’s possible that your holidays are costing you a fortune, but they really don’t have to.

A group of people on the beach on holiday

Throwing It Away

How much do you spend on shopping every week? Fifty, a hundred or more? If you’re spending a lot on food, you at least want to make sure that you’re getting the greatest use out of it possible. But most people don’t because leftovers get binned. Instead, you should be saving these, freezing what you can. With the right planning, you can have whole meals frozen ready to feed your family another day of the week. You’ll be amazed how much money this will save you overall.

Spaghetti bolognaise. Dinners can be prepared from frozen leftovers

We hope you find this advice useful when you’re looking for ways to cut back the waste in your life. Do you have other suggestions? Leave a comment!

*This is a collaborative post.

Why not servicing your car is a false economy

With the mounting costs of family life, things like your car’s annual service can seem like an unnecessary expense. Servicing your vehicle isn’t compulsory like an MOT, so it’s easy not to prioritise it. What’s more, if your car is running fine, with no obvious problems, you can fall into the trap of putting off your service to save money.

However, not maintaining a regular service interval can often be a false economy, as a service aims to ensure your car runs efficiently and economically. What you think is saving you money in the short- term, could actually cost you far more in the long run.

At an MOT, the majority of checks are aimed at making sure your vehicle is safe, whereas a service is more focused on the overall maintenance of your car. The garage will check vital parts for signs of damage or wear and will check fluid levels and top up as required. They’ll also carry out an oil and oil filter change to maximise engine efficiency. By ensuring you stick to your service schedule, problems may be picked up early which may reduce repair costs.

However not maintaining regular servicing can also result in a number of other problems which are highlighted in the following infographic from Stoneacre

A useful infographic about what happens if you don't service your car.

Be honest, how often do you service your car at the moment? Are you more likely to keep up a regular service schedule now? Let me know in comments!

*This is a collaborative post.

Car Safety Checklist: How To Prepare For Long Journeys #CarSafetyChecklist

How often do you check your car? They should really be given a quick once over regularly, every few weeks ideally. This is true of all cars, but especially older models. And it is even more important to do some essential safety checks before a long journey. That is why kwik-fit.com have set up a #CarSafetyChecklist campaign.

A picture of a white landrover with the caption Car Safety Checklist: Things To Check Before Long Journeys #CarSafetyChecklist Kwik Fit campaign image designed by Living Life Our Way.

Since it became part of the practical driving test to be able to demonstrate a basic understanding of vehicle safety a decade ago, most people should feel confident giving their car a basic check themselves. However it can also be helpful to take it in for a service periodically, to proactively avoid any potential issues before they become more costly – or dangerous.

Whilst researching, I came across a handy acronym to remember 6 key areas to check: FLOWER.

Fuel

Don’t let your fuel run too low. Make sure you top up before a long journey, or at the very least when you pass the first petrol station along the start of journey. Too many people make the mistake of trusting a faulty fuel guage or simply underestimating how long it will take to get to the next services!

Lights

Make sure your lights are working. Give them a clean too if needed so they aren’t dimmed by dirt!

Leaks

Ok, so flower does not have two ‘L’s. But I would also like to add that you need to check for leaks too. Condensation from the air con is normal but anything else needs investigating.

Oil

Don’t wait for the red oil warning light to come on – check it regularly!

Water

Check your coolant level and screen wash.

Windscreen Wipers

Again, there might not be a double ‘W’ in flower but I am going to add another one regardless! Check your wipers too, especially in winter/ wetter months.

Warning Lights!

Ok, I am going for a triple W infact. This one should definitely go without saying, but incase it doesn’t; always make sure there are no warning lights on before any journey!

Electrics

Ensure that the radiator’s electric cooling fan starts running when the engine gets hot by running the engine with the car stationary. Also make sure your battery isn’t too old and worn out, especially baring in mind that battery problems are the most common cause of roadside callouts.

Rubber (Tyres)

Last but certainly not least; Check your tyres – pressure, tread and spare!

Essential Items

As well as doing the above safety checks, it is also helpful to have some essentials in your car too, especially for long journeys. Here is a list of handy items to keep in your vehicle…

  • Manual
  • Recovery details
  • Jump cables
  • Tools
  • Warning triangle
  • Water
  • Blanket
  • Phone charger
  • Light/ torch
  • Ice scraper

Do you have any other car safety tips? Let me know in comments!

*Disclosure: This post is written in collaboration with Kwik Fit.