Money Saving Tips

Should I Buy Winter Tires This Year?

My husband and I are considering whether or not to buy winter tires this year for our car. In the past, we purchased good quality winter tires and rims and hoped that they would last us for several winters.  Unfortunately, I got into a car accident and our insurance company decided to write the car off.  So, needless to say, our nearly brand new winter tires were now useless to us.  Of course, we could have looked for another car that was the same make and model and still be able to use the old tires.  We opted not to do that, and instead we sold the tires and rims, getting at least a small amount of the money back that we paid for them.

Now that we have a different car, we are seriously debating on whether or not we should buy winter tires again.  We know that the winter tires we want would cost us approximately $1000.00.  If we buy them, we know it will likely be safer to drive in the winter.  At the same time, the car we bought has relatively new all-season tires on it right now and the tread is still quite good.  There’s really no way to predict how bad the roads will get this winter.  Some years the roads are always terrible, and some years they are almost always great, so it’s really impossible to know for sure what winter will bring.

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Money Saving Tips

5 Ways Students Can Save Big Money

Students usually have to live on a tight budget as most of their time is spent studying rather than working and earning an income.  As a result, it is important that students take advantage of the savings that is available to them.  Below are just a few ways that students can save.

1. Save big on your banking.  Most financial institutions provide free banking to university and college students.  All you need to do is provide proof of enrollment and you shouldn’t have to pay monthly fees or transaction fees on your bank account.  This perk can result in significant savings for you, especially if you do a lot of banking transactions each month.  Remember to provide proof of enrolment every year to your bank; otherwise you will end up with fees after the year has passed.  Most financial institutions won’t remind you, so be sure to mark your calendars to avoid fees.

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5 Reasons To Consider Creditor Insurance

If you have a mortgage, loan, line of credit, or a credit card, it may be in your best interest to accept the creditor life and disability insurance that goes along with it.  Although it will cost you extra money out of pocket, it may just be worth your while.  Although I had never expected to be unable to work, it actually happened to me recently.  I got unexpectedly ill and was unable to work for a few months.  From my experience I realized that this could happen to anyone, so it’s important to be prepared in the event that the unexpected could happen to you as well.  Below are a few reasons why you may want to consider buying creditor insurance the next time to want to get a loan or mortgage.

1. It can give you peace of mind.  If something were to happen that drastically changed your ability to earn income, you want to know that you and your family would be protected.  Without insurance, you would still be expected to make payments to your credit products.  But, with insurance, you would know that it would be paid of in full in the event of your death and that your disability insurance would kick in if you were unable to work due to an accident or injury.

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Money Saving Tips

Five Money Saving Tips For Seniors

If you are a senior citizen, make the most of the savings that is available to you through a wide variety of discounts and perks.  Below are just a few of the many ways you can save as a senior.

1.  Save money on groceries.  Many grocery stores offer discounts to seniors at a specific time each month.  Pay attention to your local grocery store’s advertisements, or simply ask a cashier the next time you shop to find out what seniors discounts they can offer you.  Mark your calendar and plan to do your biggest shopping on the day or time of the best discounts.

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