There are some things that we just accept in life. We have to pay taxes, it’s hard to buy a home, and your car is going to cost you a significant portion of your income. But just because our mind accepts them, does that really mean that there’s nothing we can do to change things? We don’t think so.
Let’s just focus on your car, for example. Unless you’ve already taken a proactive approach to limit the costs, it’s likely that you’re paying more than you should be. Below, we take a look at some of the reasons why.
Reasons why your car costs so much
You might believe that your car is a piece of junk because it’s always costing you a lot of money in repairs. But in reality, it’s probably not a piece of junk: few cars are. Instead, the issue is that it hasn’t been maintained as well as it should have been.
It’s important that you’re taking care of the routine jobs and servicing that every car needs. If you don’t, then you’ll only end up paying more when that small, once-easily-fixable issue becomes a big problem.
Frequent Gas Station Trips
It’s not just the vehicle itself that has a high price tag. Indeed, the car is just the start. The real money-drain is gasoline, the cost of which always seems to go up, and never seems to get you very far. But the reason why it’s not getting you very far, and why you’re visiting the pump more frequently than you’d like, is because you’re not driving properly.
You can save big bucks by achieving a higher MPG (miles per gallon) rate, which can be achieved by doings like driving at a reasonable speed, and avoiding harsh braking/fast acceleration.
You Don’t Get What’s Owed
You might have completely manageable car expenses. But then something happens that ends up costing you thousands in damages, repairs, and time off work. No-one wants to be in an accident, but they do happen from time to time. If it was your fault, then you’ll have to deal with the consequences.
But what if it wasn’t your fault? Then, you should look at working with a personal injury lawyer, and getting the financial compensation that you deserve. If you pay the bill that should rightly be paid by someone else, then you’ll end up spending far too much on your vehicle.
Your car isn’t going to be at the top of the game forever, and there will be times when you need to upgrade to a more reliable vehicle. But if you’re buying a new vehicle every year or two, then you’re spending too much on vehicles.
If you can’t stand seeing new car features when your car doesn’t have them, then look at adding them on yourself, rather than buying a new vehicle.
Finally, remember that you’ll save a lot of cash and help the environment — by putting the car keys to one side from time to time, and taking public transport instead.