Money Leaks That May Be Draining Your Wallet Dry
/8 Comments/in Home & Family, Money and Finances /by Mary Hunt
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Times are strange. I’d prefer to purchase a used car. There are no used cars to be found. A new car is close to the same price as a used car. For the first time in my life I am going to buy a new car. I live far from the city and want a hybrid to help the environment and my pocketbook.
We realized we hadn’t been using our (starts with an ‘N’, ends with an ‘x’) account to watch TV so we cancelled it. Thrift store shopping is fun, and you are likely to find what you’re looking for at a very reduced price! Also consider going to an online version or limited print edition of your daily newspaper – it could save you. My husband worked for an international pet food company for 28 years, and we found out that generic pet food is usually made by these name-brand factories but with the store’s name on the packaging.
I always look up reviews on products before I buy. More often than not, the “as seen on TV” products get horrible reviews.
I work at a thrift store where all items are donated and the sales go to our local food pantry. It is amazing to me how many brand new items, clothing and small appliances etc. are donated to us.
I used to believe that gently used cars were the best way to go, until we purchased a gently used fairly new car from a national chain with a clean CarFax. The price was good and the car was great. Fast forward three years later and a tailgater slammed into the back of me and put my car in the shop. Immediately, the body shop found that it had been in a major accident before. They showed me where the quarter panel had been welded together, meaning 1/4 of the car had been damaged and replaced.
How could that be possible? The CarFax had stated no accidents. The body shop informed me that CarFax only documents accidents run through insurance. So, we had been lied to and had purchased a less than great car at a way too high price and the safety of that car was less than one that had never been wrecked. So, all the money we THOUGHT we had saved had not really been so much. And, we had falsely assumed the car was safer than it actually was.
Since we didn’t have a car payment, we paid our self monthly ‘car payments’ and our next purchase was for a new car we purchased for cash. We found that the options were wonderful when paying with cash. We could call the shots and take it for leave it and not play all those silly games. And, our insurance was lower when we didn’t have a lien holder. So, that was a nice little bonus too.
I may have to rent a storage locker to temporarily store items while my condo is on the market. There’s a staging process where all items from the walls, shelves & other flat surfaces has to be packed up & stored.
The mark up on used cars where I live is $5000. If the car came from a car rental agency, who knows how it was driven? But my next & last car is going to be purchased from Carmax. I don’t see the point of buying new when I’m 70!
I donated over $700 in goods to Salvation Army last year.
Have you considered renting one or more “pods” to store your items? In our area,
we stored all our possessions for a couple of months while our house was being remodeled. The company delivered the pods and then brought them back when
our remodel was finished. We thought the price was reasonable.
We also had to rent a storage unit when we put our house on the market. We found a place that didn’t charge for the first month, and since our house sold quickly, and we had carefully packed items we wanted to take to our new house, it actually helped with the move and cost us very little.