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Top Ten Tips for Saving - Hanging Tough

Inside The Industry

Jun 1, 2009
Impp_0906_01_z+top_ten_tips_for_saving+recession Photo 1/1   |   Top Ten Tips for Saving - Hanging Tough

Hanging Tough
Times are definitely harsh in today's economy, as everyone from upper-class to low-income families feels the crunch, struggling to survive on a day-to-day basis. But perhaps no one feels the hard-hit market as bad as the automotive industry. For the unfortunate individuals who have lost their jobs... I can only say keep your head up and don't give up, no matter what obstacles you might encounter. With all of us counting every penny earned and spent, it's as important as ever to be wise on budgeting our income. Here are 10 simple tips on how to survive this battered economy while continuing to enjoy fixing up your ride.

01) Avoid buying cheap parts. You might be tempted to buy cheap, knock-off products to save a few bucks, but in the long run, those parts will fall apart and end up costing more to replace than any quality product.

02) Carpool with coworkers. Alternate driving during the week and you'll be surprized at how much you can save in fuel costs. That's money you can be investing into your ride.

03) Junk your land line telephone. Honestly... how often do you use your house phone? Scrap that expensive phone line. If you require a phone line for the internet, give your phone company a call and ask for "measured service", which only costs five to 10 dollars a month.

04) Lighten your car. And by that we don't mean strip it down for drag racing purposes. Lighten your vehicle by removing any unnecessary items that weigh it down. If this means losing weight, then now is the perfect opportunity to slim down, which will also lighten you grocery bill.

05) Wrench on your own car. Learn to perform simple maintenance on your vehicle, such as oil changes or car washes. Every penny saved is a dollar earned.

06) Home cooked meals. Eat out less or go out only on special occasions. If your girlfriend doesn't like it then kick her to the curb. The last thing you need is a gold digger during these rough times.

07) Brown bag it. Take your leftovers from the previous night to work and save some serious dough at the end of the week.

08) Give up your bad habits. You know what they are, and chances are they're costing you money. We won't say go cold turkey, but cutting down will help fatten up your pockets, and probably improve your health.

09) Lower that APR. Credit cards can be a pain in the ass to maintain and your APR can skyrocket with every missed payment. A simple call your credit card company is often all it takes to lower your APR. Consolidating your cards can also help you in the long run.

10) Vehicle maintenance. Keep your car running in tip-top shape to avoid costly repairs. Having a well-running machine will also improve your gas mileage in the long run.

Senior EditorScott



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