Archive for the 'Money' Category

Top five money-saving tips

July 23rd, 2010 by LivingorSurviving.com

1) Go on a fiscal fast:
Swear-off all spending for a couple of days – or ideally an entire week – as a sort of “spending detox.” It’s time to use it up, make it last, or do without.

A fiscal fast will save you some money (put it into savings or pay off some debt with what you save!), and teach you about how you spend — and probably waste — money in a typical week. It’ll also remind you of how many terrific things in life are free.

 

2) Practice spending procrastination:
When it comes to discretionary spending, it usually pays to put off buying until tomorrow what you’re tempted to buy today. Studies have shown that we have regrets about nearly 80% of the discretionary purchases we make within the first year of making the purchase.

Force yourself to wait at least a week between the time you see an item in a store and when you go back to purchase it. Chances are great that you’ll reconsider and never go back to buy it.

 

3) Put your finances on autopilot:
To paraphrase Jack Nicholson’s character in A Few Good Men, “The money? You can’t handle the money!” Have your paychecks and other income deposited directly into your bank account(s), including automatic allocations into designated savings and investment accounts.

Then authorize your creditors (e.g., credit card companies, mortgage lender, insurance company, etc.) to automatically withdraw your payments every month from your account. By putting your finances on autopilot, savings becomes automatic and you’ll never have late fees or missed payments again.

 

4) Pay with cash only:
Studies have shown that when you pay with a credit card, you’re more likely to buy something than when you pay with cash, and you’re more willing to pay more for it (see my previous post on credit cards).

Psychologically, it’s just harder to part with actual greenbacks than it is to whip out the plastic. Try paying for everything with cash for a week and see how much you save.

 

5) Conduct a “What the heck was I thinking?” audit:
Sit down once or twice a year and look back at your major discretionary purchases during the preceding months. Then ask yourself one simple question: “If I had it to do over again, would I have bought that?”

Make a list of expenditures you regret, and learn from those mistakes. You’ll probably notice some patterns, like maybe you’re prone to buy clothing on a whim that you regret later. Or maybe you rush out to buy the latest tech gadget the day it comes out, before the bugs have been worked out and increased demand causes prices to drop.

 By Jeff Yeagerfrom The Green Cheapskate blog

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10 Ways to Afford Your Vacation

June 9th, 2010 by LivingorSurviving.com

There’s nothing worse than anticipating a much-needed getaway, traveling all day to get there, and discovering it’s a dump—for $300 a night. It’s why the whole vacation-planning process makes me nervous: With so many sites and so many choices, how do I know I’m getting the best deal? (I happily turned the job over to my husband, Steve, who doesn’t mind trolling online for days.) So what do the experts recommend to make the process easier and rewarding? Here’s how to get the best prices with the fewest clicks, plus backup sites to help you feel better about your decision.

1. Become an expert well in advance. George Hobica of airfarewatchdog.com suggests signing up for e-mail alerts and online news-letters. It’s the best way to familiarize yourself with destinations and prices. “All the travel sites do things a little differently,” Hobica says, “so sign up for several, and check them daily.” (A dedicated Gmail or Yahoo e-mail address will cut down on the spam in your main e-mail account.) In other words, for now, keep your mind open and your wallet closed. Yapta.com and bing.com are the best, Hobica says, but also try orbitz.com, kayak.com, shermanstravel.com, smartertravel.com, travel-ticker.com, and travelzoo.com. And don’t forget to ask friends on Twitter and Facebook for their tips.

2. Decide on a few destinations. Now that you have a better sense of what’s out there, you want to work backward. Barbara Messing of travel-ticker.com explains, “Don’t fixate on one place. Let the deal be your inspiration.” Her team combs the Internet for deals that offer reductions of 40 to 60 percent. One recent example: the four-star Meritage Resort and Spa in Napa Valley wine country for as low as $109 a night (a 45 percent savings), with a wine tasting for two and 20 percent off spa treatments. “Dealhounds” on airfarewatchdog.com scour the Web all day for the latest and best deals.

3. Reassure yourself. Before committing, play detective. For videos of hotels, restaurants, activities, and attractions, go to tripfilms.com and insiderperks.com. Tripfilms depends on travelers for their observations, while the videos on InsiderPerks are created by the site’s staff. Watch both to get a good overview of your destination. Browse through other families’ vacation photos on flickr.com (it’s okay—really), and read candid reviews by travelers on tripadvisor.com.

4. Search for the lowest airfare. Experts consider kayak.com the best first step in searching for low-cost airline deals (it doesn’t include Southwest, so you’ll have to check the airline separately). To find out if the fare is likely to rise or fall over the next seven days, check bing.com Price Predictor. You’ll almost always get a better deal if you’re flexible—you can fly out on one carrier and return on another, for example, or fly to an offbeat airport like Bob Hope Airport in Burbank, California (15 miles outside L.A.), or Midway in Chicago. Voyij.com searches the Web for the best sales, promotions, and package deals from your departure city. If you care where you sit, check seatexpert.com for a guide to the best, and worst, seats. Lock in your rate, but don’t pull the trigger yet. (Depending on the airline, you may have ten minutes to 24 hours to commit, so do the next steps—fees and hotels—quickly.)

5. Find the hidden fees. If you want to know the real price of the ticket, check Airline Fees: The Ultimate Guide at smartertravel.com. Will you have to pay for that blanket, the soda, and the pretzels? Some airlines charge up to $100 extra for a seat with more legroom. Most charge $15 to $25 to check a bag; anyone traveling after July 31 on Spirit will pay up to $45 for a carry-on bag. To find out what your airline charges, go to its website or check the Guide. Then compare with FedEx, UPS, and U.S. Postal Service rates. “Depending on the route and method,” says Hobica, “the cost savings from shipping versus schlepping can range from little or nothing to dramatic.”

6. Get a room, then book your flight. Hotels.com features over 70,000 properties, from small bed-and-breakfasts to all-inclusive luxury resorts. The site flagged a special deal recently at Wyndham Glenview Suites in Chicago: Stay four nights and pay $69 a night, a 40 percent savings. For unbiased shots of lobbies, rooms, and neighborhoods, go to tvtrip.com. At oyster.com, you get photos, plus the pros and cons.

If you always end up with the room next to the ice machine or elevator shaft, click on tripkick.com for the good, the bad, and the ugly about hotels in more than 20 U.S. cities and some international destinations. If you prefer to rent a house, go to otalo.com. It’s to vacation house rentals what kayak.com is to airfares. Refine your search by cost, number of bedrooms, and must-haves like a pool and a welcome mat for your poodle; photos are included. Once you’ve booked your room, book your flight.

7. Rent a car before you leave. If you don’t care which car-rental company you use, head to hotwire.com for deep discounts on rentals, says Anne Banas of smartertravel.com. Check rates for both airport and off-site pickup. Sometimes you can save on airport fees and taxes by picking up your car just outside the airport. (If there’s no free shuttle service, factor in the cost of a cab. Off-site hours may be limited.)

8. Avoid getting lost, hungry, and annoyed. For terminal maps, on- and off-site parking, ground transportation, handicapped accessibility, estimates on how long the security check will take, and where to eat or drink, go to ifly.com.

9. Follow that plane. What do you do when there’s been a delay and the gate agent doesn’t have any more info than you do? Check on your flight, either online or with a free iPhone or iPod Touch app, with FlightAware Flight Tracker. It tracks by airline and flight number, or route, within five minutes of real time (flightaware.com).

10. Once you’ve landed … “Check in” at Foursquare, a free app for iPhones, BlackBerrys, Palms, and Android phones. Tell your friends where you are, and get their recommendations on the hot spots in town. If they’re in the area, they just might join you.

By Janice Lieberman – Reader’s Digest Magazine

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Websites That Save You Money

December 9th, 2008 by LivingorSurviving.com

Priceprotectr.com helps you get money back if items you bought have dropped in price. Register your purchases, and e-mails will arrive when the prices have fallen. Claim the cash with an e-mail, phone call, or store visit.

Gasbuddy.com and gaspricewatch.com track the cheapest gas stations by area. Plug in your destination to find the best places for filling up.

Retailmenot.com amasses coupon codes for discounts at 15,000 online merchants. After you enter the e-tailer’s Web address, you will get a code to receive your price break. Go mobile with cellfire.com, a site that lets you access coupons on your cell phone. Then you show the code on your tiny screen when you are at checkout.

Thegrocerygame.com (cost: $10 for two months) provides a weekly list of the lowest-priced products at your favorite supermarket, matched up with manufacturers’ coupons and specials to save even more. You can pay extra to sign up for multiple grocery stores.

Honesty.com lets you know how much things usually go for on eBay and what’s currently for sale there, so you don’t overpay when you buy. Type in an item name for price comparisons on current and recent eBay listings.

Pricespider.com and wishradar.com hunt online for the items you want at the most you’re willing to pay. Create a wish list and the most you’d spend for each purchase. Then the sites search for the products, e-mailing you when they turn up your desired price — or less.

Bookingbuddy.com consolidates many travel sites to get you low airfares, hotels, car rentals, and vacation packages with a targeted search. Enter details of your trip once, and then click on the names of the Websites you want Bookingbuddy to search — from Expedia to Priceline.

Goodhousekeepingrewards.com lets you earn cash-back rewards of up to 20 percent at over 200 participating online merchants including Wal-Mart, Gap, Sephora, and Best Buy. Membership is free to subscribers and comes with a 90-day trial period for nonsubscribers.

By Kelli B. Grantgoodhousekeeping.com

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The Secret – Change The Course of Your Life Forever

August 9th, 2008 by LivingorSurviving.com

People around the world have been talking about a movie so powerful that it can change the course of your life. This movie, The Secret, was created by Australian Rhonda Byrne, and she says that if you follow its philosophy, you can create the life you want—whether that means getting out of debt, finding a more fulfilling job or even falling in love.

Rhonda says she stumbled on what she calls The Secret at the end of 2004. At the time, everything in Rhonda’s life had fallen apart—physically, emotionally and financially—and she was in “total despair.” Then her father died suddenly, and she was worried about her grief-stricken mother. “I wept and wept and wept, and I didn’t want my daughter to see me sobbing,” Rhonda says.

That’s when Rhonda’s daughter gave her a copy of The Science of Getting Rich, a book written in 1910 by Wallace D. Wattles. “Something inside of me had me turn the pages one by one, and I can still remember my tears hitting the pages as I was reading it,” Rhonda says. “It gave me a glimpse of The Secret. It was like a flame inside of my heart. And with every day since, it’s just become a raging fire of wanting to share all of this with the world.”
After that first discovery, Rhonda read hundreds of books, listened to hundreds of hours of audio tapes and scoured the Internet for more information. She says she traced the idea of The Secret through history—all the way from 3500 B.C. to the present day. “Since I discovered The Secret, every single moment of my entire life has changed, and I am living my life for the first time,” Rhonda says.

Rhonda defines The Secret as the law of attraction, which is the principle that “like attracts like.” Rhonda calls it “the most powerful law in the universe,” and says it is working all the time. “What we do is we attract into our lives the things we want, and that is based on what we’re thinking and feeling,” Rhonda says. The principle explains that we create our own circumstances by the choices we make in life. And the choices we make are fueled by our thoughts—which means our thoughts are the most powerful things we have here on earth.

To help teach the philosophy, Rhonda created the DVD The Secret, which features experts including the Rev. Dr. Michael Beckwith, James Arthur Ray, Lisa Nichols and Jack Canfield—who not only teach other people about The Secret, but say they are successful in their own lives because they know and use the principle.

The Rev. Dr. Michael Beckwith says he was a drug dealer in college—until he was arrested in a deal gone bad. Michael says he had a spiritual awakening during his trial and decided to turn his life around. Today he leads the Agape Spiritual Center in Los Angeles, where he teaches thousands of faithful followers the path to reaching their highest potential.

James Arthur Ray was insecure and awkward as a teenager until weight lifting helped the self-described geek gain confidence in his 20s. He says that surviving a near-fatal motorcycle crash and almost going bankrupt forced him to focus on the life he truly wanted. Now he runs a multimillion-dollar corporation dedicated to teaching people how to create wealth in all areas of their lives.

Lisa Nichols grew up on the tough streets of South Central Los Angeles. She admits that as a self-conscious teenager, she often used sex to feel loved by men. After hitting rock bottom at age 19, Lisa prayed for a better life. Now, she has made her fortune by motivating more than 60,000 teenagers to make better choices in their own lives.

Chicken Soup for the Soul creator Jack Canfield was deep in debt before he made it big. Now his best-selling books have sold more than 100 million copies worldwide, and Jack travels the country teaching the secret of his success.

The law of attraction means that everything that happens to you—good or bad—you attract to yourself. Lisa describes it as if you’re placing an order. “If you were at a restaurant and you ordered something, you fully expect it to come served that way. That’s how the universe is. You’re putting out orders—consciously and unconsciously,” Lisa says. “So if you say, ‘I’ll never have a great relationship,’ you just placed an order.”

Jack says everything you focus on can have an effect on your life—from books to magazines to thoughts. “All of that affects how we feel, and the feelings actually send out a wave into the universe, and anything that’s vibrating in a similar level gets attracted into our life,” Jack says.

“Most people focus on how it is. We talk about our current reality—’I'm in debt. I’m overweight. I’m not happy. I’m sad. The world’s not working. We’re at war,’ whatever. And the more you think about that and focus on that and talk about it, the more you attract that [negativity],” he says.

Although thoughts are powerful, Jack says the feelings that the thoughts generate are what actually attract things into our lives. “Too many times people are thinking a thought like, ‘I want to be my perfect body weight of 185 pounds.’ But they look at the scale and they see 205 and they think, ‘But I’ll never make it,’ … so they feel bad,” Jack says. Instead of wallowing in those negative thoughts, you need to find the positive in the situation. Jack says you should stop feeling bad about the weight, and instead feel positive that you are willing to do something healthy to make your life better. Carrying with you those positive feelings is one key to your success.

James says that in order to attract the things you want into your life—to place the right order—you have to do what he calls going “three for three.” “Your thoughts, your feelings and your actions all have to be firing simultaneously in the same direction,” he says. Visualizing your future life can help to hone your thoughts and feelings toward the things you want.

The panel says the thoughts and the feelings are often easy for people to grasp, but you still have to do something about them. “A lot of people watch The Secret and they say, ‘Well, I’m sitting around visualizing my millions coming into my lap.’ Well, they’ll come take your furniture away. And then how are you going to visualize [when you're living] on the curb?” James says. “You’ve got to act on it. Make decisions on where you’re going versus where you have been.”

Jack says that everything in the world is made up of energy, which is controlled by thoughts and feelings. According to Jack, thoughts can travel long distances, so you are sending out signals to many people without even knowing it, and these signals attract like energy to you.

Jack and James say that this means there is no such thing as a coincidence. “Everything happens by principles and laws in our universe. And so consequently, we have an absolutely unlimited power within us,” James says.

Michael says that thoughts—which turn into experience, speech and behavior—become the “feeling tone of your life.” “An individual can actually begin to generate a certain feeling of gratitude, of love, of peace and of harmony, and the universe will begin to match that feeling tone—and what will flow into your life will match the feeling that you’re holding,” he says. “It means that everyone…can release themselves from being a victim and begin to take control of their life’s destiny.”

Gratitude is one example of the magnetic force of the universe. “Basically, nothing new can come into your life unless you open yourself up to being grateful [for what you already have],” Michael says.

“If you think about it, the universe has a conveyor belt of presents lined up for you, and until you receive the one and fully are grateful for it, the next one can’t come out of the chute. It’s all lined up,” Jack says.

Lisa says this perspective applies to weight, family, friends and other aspects of life. She says too many people who want to make things better focus on what’s wrong with the present. “Instead of wanting to change it, appreciate what’s there,” Lisa says. “Find the things about it that work … and by doing that, you create a space for it to get better.”

For example, Lisa says she would like to lose some weight. But instead of focusing on the negative—that she hasn’t dropped the pounds yet—she loves and appreciates the present moment. “I accept it. I love it. I embrace every inch, every pound,” she says. In this way, Lisa is creating the space to “celebrate the now” and then invite better things into her life.

According to the panel members, much of the energy that people project into the world is done unconsciously. “People aren’t walking around thinking, ‘I want a bad thing to happen to me,’ but there’s an unconscious fear. There’s a doubt. There’s a worry. There’s a sense of separation there that’s running them,” Michael says. He adds that spiritual growth is “allowing that which is unconscious to become conscious.”

Michael says that spiritual growth does not mean religion but our “real identity.” “The love, the peace, the joy, the wisdom, the harmony—these are all qualities of the spirit that it’s seeking to express through us,” Michael says. “And so as we become more awake, more aware of that, our life is filled with that kind of vibration, that kind of feeling tone. To grow spiritually is to actually become more aware of who you really are.”

Ryan Bell, a single mother of a 4-year-old, is currently $43,000 in debt. “I’m just in over my head,” she says.

Ryan says her financial woes started back in college when she took out loans. After college, Ryan got a job, got pregnant and got married. To cope with the new bills, the couple opened more credit cards, and Ryan helped put her husband through school. Then the unthinkable happened: She and her husband got divorced—and Ryan’s debt worsened. “I went from living on two incomes to living on one income, but I kept the same bills,” Ryan says.

To support herself and her daughter, Ryan works long hours at a high-end clothing store. After her daughter goes to bed, Ryan works at her second job, a home-based Internet business. “It could be huge, but I can’t spend the amount of time on it that I need to to make it successful,” she says.

Now, Ryan sees every day as a struggle and won’t even go to the mailbox because she knows there are bills waiting for her. “I’m sick and tired of being a victim,” Ryan says. “How do I get out of this endless cycle of debt?”

Ryan’s choices have attracted debt to her, the panel says. To attract a solution, Jack says Ryan should turn her focus from her debt to what she knows her life will be like when she’s financially free.

Simply changing her language can also start to make a dent in her debt. When asked how she is, Lisa says she shouldn’t respond with phrases like “I’m surviving.” “That’s not the kind of life you want to live,” Lisa says. “When people ask me how I’m doing, [I say], ‘I’m phenomenal. I’m great’. Even in the midst of all—I’m great,” she says. “I’m great because I made it through.”

James, especially, can relate to Ryan’s troubles, having been on the edge of bankruptcy twice himself. He urges Ryan to take an “action step” toward her dreams. For Ryan, that’s starting a debt retirement program to pay a certain amount of money toward her credit automatically so she can focus every bit of energy on financial freedom.

Still, the most important stride toward a debt-free life, Michael says, is forgiving her ex-husband and to stop feeling like he owes her something. “Let him know in consciousness, in your awareness, that he cannot determine your destiny. You’re not leaving him unaccountable, but you’re severing those emotional vibratory tonalities so that you can be free.”

True forgiveness, James says, is when you can say the following to the person who hurt you: “Thank you for giving me that experience.”

But how can you forgive when something truly tragic or terrible happens? James says you should grieve, but eventually you need to look for a hidden gift. “Here’s what I encourage people to ask themselves: How does this serve me? … If you’re really willing to dig, there’s a lesson in there,” James says. “And secondly, what can I learn from this situation?”

Even if you can’t identify the gift now, Rhonda says to remain positive in order to benefit from of the law of attraction. “You can say, ‘There are so many gifts in this for me. I can’t wait to see what they are,’” Rhonda says.

In chronic situations with no end in sight, Michael says you should ask yourself another important question: “If this were to last forever, what quality would I have to grow to have peace of mind? Now, as my attention goes to the quality I have to grow, that quality starts to emerge,” Michael says. “The issue that I’m resisting and fighting against becomes less and less intense … it begins to dissolve because it doesn’t have your attention any longer.”

Panel member Lisa Nichols says her life was spiraling out of control before she learned The Secret. She grew up in South Central Los Angeles, where there were gangs, poverty and violence.

In fifth grade, Lisa was in the first class to be bused to the Valley—a predominantly white neighborhood—where she thought she would be welcomed. Instead, she was met with name-calling. “My self-esteem went way down,” she says.

Although she eventually became a popular student, Lisa struggled with depression. “At 17, when my best friends were thinking what college to go to, UCLA or USC, I was contemplating suicide and trying to figure out how to do it without getting blood on my mother’s carpet because I knew they couldn’t afford to move,” she says.

Growing up, Lisa was also told that she wasn’t pretty and wouldn’t find love. She began having “a lot of sex looking for a little love,” searching for her own validation in men. “The sex led to a lot of pain. I thought if I was saying no to the sex, I was saying no to potential love. And I didn’t want to say no to love.”

Lisa began to gain weight in order to avoid men altogether. After gaining 100 pounds, Lisa says she was obese and embarrassed.

Finally, Lisa reached a turning point. “I got on my knees and I said, ‘God, if you bring me through this … I promise I will spend every moment, every breath, supporting and encouraging others to do the same,’” she says.

Lisa decided to stop being a victim. She stopped looking for love elsewhere and fell “madly in love” with herself. Now, she teaches people how to treat her. “I’m the first example of how the world is supposed to love me and I have to give them the best example ever,” she says. “We expect someone to show us our greatness when [instead] I’m supposed to show up understanding my greatness and allowing you to celebrate it with me.”

After 16 years of marriage, Carlton and Beverly Credelle say the passion in their marriage had fizzled. “It just felt as though our life was just mundane, really passionless, almost emotionless,” Beverly says. “Like I didn’t have his mind anymore, his soul, his heart.” At one point, the couple hadn’t been intimate in a year.

Then, Beverly watched The Secret. “For the record, I’ve seen it 62 times. But the first time is when that lightbulb went off,” she says. Beverly realized she was part of the problem. She stopped complaining and began to focus on her gratitude for Carlton. “I started telling myself, ‘I am beautiful. I do deserve passion. I am in a passion-filled marriage.’”

Things changed immediately after Carlton also watched the DVD. Soon, he started making romantic gestures, like taking Beverly out for lunch dates and calling her during the day. She began doing little things for him, too—leaving him a rose in his car and surprising him with his favorite cookies.

Michael says Carlton and Beverly are an example of how gratitude brings about change. “My marriage now is wonderful,” Carlton says. “I feel the passion. I’m loving it.”

Launell is successful in all areas of her life—except when it comes to taking off the baby weight she started gaining 14 years ago.

The first step, James says, is to be grateful for her health and choose to stay healthy and whole. “I want you to start every single day … saying, ‘Thank you for the health I have.’ Say, ‘I love my legs because they’re working functionally,’” James says. “Concentrate on your health and wholeness every day, and you’ll attract more health and wholeness every day.”

Lisa says Launell also has to believe she has the right to have the body she wants. “Make a decision. Do you have the right? Are you ready for it? Are you ready to look in the mirror and love every inch?” Lisa says. “Make 2007 about showing up in the now for you,” Lisa says.

Repeating after Lisa, Launell declares, “I choose today to give myself the best life ever!”

You can start living the The Secret today by following three simple steps: Ask. Believe. Receive.

Michael says to start making a conscious effort every day to take actions that will sync with the energy of the life you dream about. “When you’re talking about action, you’re talking about walking in the direction you want,” Michael says.

But not just any action will do, James says. It has to be one that comes from the heart and will provide a real service. “It’s not, ‘If you build it, they will come,’ necessarily. It’s, ‘If you build it and it provides value, they will come,’” he says. “It’s that heart space. Not ‘What can I get?’ but ‘What can I give and how can I serve?’ And when you’re in that moment, the universe lines up behind you and it’s at your command.”

From: The Oprah Winfrey Show – The Secret

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10 Easy Ways to Save Over $1000 on Gas

June 26th, 2008 by LivingorSurviving.com

According to the mileage book in my glovebox, I averaged about 21 miles per gallon in May. So far in June, I’m at 26.

New, more fuel-efficient, car?

Nope, I’m commuting in the same old Volvo S60 that has seen better days. Same dent in the right rear door. Same old Cheerios wedged under the child safety seat in back. (Yeah, I know. I’ll get to it, Honey).

So how did I do it? I’m trying to learn to drive more efficiently, and little by little, it’s working. With a few simple changes, you can easily squeeze more gas mileage out of the car you’re already driving.

A Note on the Calculations:

Your mileage will vary. Governments and automakers estimate fuel mileage savings by percentage — do x and you’ll get five percent better fuel mileage. I wanted to know what they meant in real dollars, so I used the average mileage Americans actually got from their cars in 2007 (22.4 mpg, according to the Bureau of Transportation Statistics) and boosted it by the percentage each tip should gain. I’ve assumed you spend 55 percent of the time driving in the city and 45 percent driving on the highway. I borrowed those assumptions from the formula EPA uses to calculate the mileage of new cars.

Using the average price of a gallon of gas as of June 12 ($4.05, according to AAA) and assuming you drive 15,000 miles a year (according to EPA estimates), I calculated what each tip would save in a year. The numbers aren’t a perfect prediction — I have no idea what you drive, or what’s in your trunk — but they do provide an interesting perspective. Here are ten easy ways to put the math to the test and put some more cash in your wallet.

1. Get that “Check Engine” Light Checked Out:

Possible Savings: Off the charts

A faulty oxygen sensor — a fairly common cause of those unexplained “check engine” lights — can actually cost you up to 40 percent of your engine’s performance. If the light’s on, make the appointment now. It could pay for itself very quickly.

2. Check Your Tire Pressure:

Possible Savings 133.9 gallons/year ($542/yr)

According to some government estimates, the average driver could boost their fuel efficiency by 25 percent just by keeping their tires inflated. That’s often a free, or cheap, repair. On my way to work, I pass two gas stations with air compressors I can use for free, and three — apparently owned by cheapskates — that take quarters.

3. Change Your Air Filter:

Possible Savings 60.9 gallons/yr ($247/yr)

Gas is half of the combustion equation. Air is the other half. A clogged air filter can rob 10 percent of your engine’s efficiency. A new air filter can get that 10 percent back — usually for under $15.

4. Drive 60 on the Highway, Not 75:

Possible Savings: 57.8 gallons/year ($234/yr)

On the highway, stay close to the speed limit, and keep your speed as constant as traffic allows. Most cars reach optimal gas mileage at about 60 miles per hour. Speeding up increases wind resistance against the car, making the engine work harder and burn more gas. According to the EPA, each 5 mph over 60 that you drive decreases fuel efficiency by up to seven percent.

5. Turn Off the A/C:

Possible Savings 31.9 gallons/yr ($129/yr)

Some air conditioners rob an engine up to five percent of its fuel economy. There is some controversy about this one — many newer cars are able to compensate for the energy used by an air conditioner and don’t suffer the same penalty for keeping cool.

6. Get Your Engine Tuned:

Possible Savings 25.8 gallons/year ($104/yr)

Most of us can boost our mpg by four percent with a simple tune-up.

7. Drive Calmly in the City

Possible Savings: 17.9 gallons/yr ($73/yr)

There’s a red light up ahead. You’re going to stop when you get to it. Do you keep your foot on the gas until it’s time to brake for the light? Most of us do, but that doesn’t necessarily make sense. The Environmental Protection Agency estimates that accelerating rapidly and braking hard can reduce your car’s fuel efficiency by as much as five percent. And that may be a low estimate. Look at it this way — are you willing to spend money to stop at that light sooner?

8. Lose Weight:

Possible Savings 13.1 gallons/yr for each 100 pounds you remove ($104/yr)

Government estimates say that an extra 100 pounds in your car can reduce fuel efficiency by up to two percent. And that’s an average — the smaller the car, the more extra weight makes the engine work harder.

So, empty the trunk. In winter, don’t just scrape the windshield, scrape the entire car — snow and ice add to the weight of your car.

9. Lose the Roof Rack

Possible Savings 13.1 gallons/year ($53/yr)

Wind resistance is the enemy of fuel efficiency. Do you have a roof rack? Every time you drive, it’s making your car fight wind resistance, and burn fuel. Most of the time, that’s money you’re spending to carry an empty roof rack. Get a two percent boost by taking the thing off.

10. Change Your Oil on Time

Possible Savings 6.6 gallons/year ($27/yr)

After 3,000 miles, changing your oil (using the recommended grade) gives you back one percent of your car’s mpg rating.

How Much Can You Save?

If you follow the tips above, that’s $1,514 less you could spend on gas in the next year. Though it’s a rough estimate, it shows you what small changes in your habits — most of which you can make for free — could do for your wallet.

by Sean Tucker – U.S.News & World Report

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