Tag Archives: cash money

Dec18

Car Loans VS Dealership Financing: Which Is Better For You?

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Car Loans VS Dealership Financing: Which Is Better For You?

You usually have two roads to travel down when you want to buy a car:

  • Buy it outright with your own money
  • Seek some sort of financing option

Most people can’t use 100% of their money to buy a car so they go down the financing route, though this also throws a fork in the road:

  • Buy your car using an auto loan
  • Buy your car with dealership financing

Both are very viable options, but which one is better from a personal finance standpoint? Let’s take a closer look at them and see how they compare:

Car Loans Explained:

A car loan is one of the most straightforward auto financing options available. You approach a lender, apply for a loan, and receive enough money to cover the full cost of your purchase. Deposits/down payments are required – and this is usually a secured loan, meaning the car itself is collateral. In essence, if you fail to repay the loan, the lender can repossess your vehicle.

A very simple idea that comes with some massive benefits:

  • You own 100% of the car straight away
  • Car loans tend to come with lower interest rates, making them less costly
  • You gain the flexibility to buy your car from any dealership or brand

There are only a couple of downsides to a car loan, particularly when compared with regular dealership financing. It normally requires more effort to find a suitable lender and apply for your loan – and lenders are strict when it comes to accepting applications. Still, if you’ve got a great credit history, then there’s no need to worry about approval.

Dealership Financing Explained:

With dealership financing, you normally approach a car dealer and buy a vehicle from them, using their financing product. You pay a deposit, and then the dealer charges monthly payments based on the vehicle’s value and how much you already paid. The interesting thing here is that you’re normally locked into a 1-4 year deal. When your term ends, you either pay a balloon payment to own the car or take out a new deal on a new vehicle.

Dealership financing is popular for a couple of key reasons:

  • It’s fast and easy to set up
  • You normally get better deals than buying a car outright with a loan
  • It’s easily accessible
  • You can cycle through brand-new cars every few years

However, the main downside is that you do not own your car. The dealer will retain a majority share of your vehicle unless you pay the balloon payment at the end. This means you lack any flexibility when it comes to modifying your vehicle – and you’re also often forced to go to specific garages for servicing.

Which Is The Better Option Financially?

Speaking from a strictly financial standpoint, car loans are the better choice. You have lower interest rates, gain ownership of the vehicle right away, and have a longer term to split your repayments, making them more manageable. Truthfully, dealership financing only makes sense if you like cars and want to buy a new one every few years.

If you’re on the market for a new car, explore your financial options carefully and don’t rush into a decision you’re not fully comfortable with!

Featured Image By: Unsplash

Sep17

Pet Supplies Plus Is A Must

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Pet Supplies Plus Is A Must

Hello!! Johnny and I adopted our beloved bunnies, Melvin and Penelope, in November of 2022 and will be celebrating our three year buniversary here soon! They have brought an indescribable amount of joy into our lives and I simply couldn’t imagine our home without them. Since the homecoming of our pets, I have been a loyal shopper on Chewy and was making purchases at least every month. The convenience of ordering all of their supplies in a matter of minutes couldn’t be beat so I never bothered shopping anywhere else. However, my tune has changed drastically…

Every once in a while, I will need a new bag of hay or bedding before a Chewy order is due and will visit the Pet Supplies Plus down the road from me for a reup. These trips were few and far between so I wasn’t interested in signing up for their loyalty program. One faithful day about two months ago, I stopped in for more bedding and saw that they were running a stellar buy one get one half off promotion and was able to purchase bedding and hay for the tune of thirty something dollars. It was a TOTAL steal and in that moment, I realized I was sleeping on Pet Supplies Plus for far too long. In almost three years, I have never seen Chewy run a promotion that good.

After making my purchase, I immediately went home and created a rewards account and the savings have been nonstop. Since signing up for it, I receive thirty percent off coupons constantly and that is a substantial amount off of bunny supplies. Now, I am often getting their hay and bedding for twenty-five to thirty dollars in total. With Chewy, I was spending at least forty-five for these necessary supplies and that is a huge difference! I still shop Chewy for their hutch cleaner, favorite toys, and pellet food because Pet Supplies Plus doesn’t carry them. Believe you me, I wouldn’t be ordering on Chewy period if they did!

When I find a brand or company I like, I tend to be fiercely loyal to it and that was certainly the case with Chewy. But listen, literally EVERYTHING is so damn expensive now that if I can find a better deal elsewhere, I’m just going for it. My bunny supply cost went from roughly one hundred dollars a month to seventy if that and that is an amount that can’t be overlooked. I also really appreciate that Pet Supplies Plus teams up with a lot of the local rescues in the greater Akron area! While I love the convenience of online shopping, I love saving moolah even more. 😀

If you are a pet parent and have a Pet Supplies Plus in your neck of the woods, I truly can’t recommend making a visit there enough. You will be amazed at the difference that their promotions, coupons, and rewards cash can make!

Where do you shop for pet supplies? Have you changed where you shop recently? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Aug7

Side Hustles You Can Start ASAP

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Side Hustles You Can Start ASAP

Howdy! Literally everything is SO expensive now and it often feels like you’re breaking the bank as soon as you leave the house. For this reason, the side hustle culture has been thriving. You might think side hustles are limited to creative based endeavors like crafting, a stand at the farmers market, or teaching music lessons on the side. This is great for the people who can do so and it’s amazing to support the local makers in your community. However, if you don’t have a talent that is monetization worthy, you might not know where to start. Let’s take a look at some side hustles that you can begin ASAP with no artistic strings attached:

Dog Walking:

If you love pets and you have some free time on your hands, dog walking could be the perfect side hustle for you. As a member of several Talk Of The Town groups on Facebook, I am always amazed by how many people are interested in this service when someone offers it in a post. It makes a lot of sense, though. A senior member of the community might not be able to walk their dog safely in the winter. Families with children might not have the extra time to walk their pup in the morning when school is back in session. Whatever the reason may be, it will not be as hard as you think to get a couple of clients quickly. From there, it could blossom into house and pet sitting too as the natural next step.

Housekeeping:

If you are a member of Talk Of The Town pages too, you will certainly have seen posts about housekeeping services. You don’t need to have experience with a professional housekeeping service to have a passion for a good, deep clean and if you have the skills to achieve it – why not give it a shot? Like dog walking, housekeeping is a task that families with children or senior citizens are typically seeking. You will have the satisfaction of cleaning to a shine as well as the fact that you are really helping someone who might not be capable of doing it themselves. Total win/win!

Tutoring:

With the first day of school looming just around the corner, the posts looking for tutors for the school year have been flooding my newsfeed. If you are a fresh out of college kid with a degree to flaunt, this could be an amazing way to make some extra cash as you seek out employment options. Tutoring could also be a great gig for retired teachers, teacher’s assistants, those who speak more than one language, or have a wealth of knowledge for the subject at hand. Having a tutoring job for an entire school year will not only be lucrative but really cool. You will be helping your student earn better grades and improve their learning skills which they will have for life.

DoorDash/Uber:

I know countless people who DoorDash on the side and I have heard nothing but good things about their experience. The key points they always mention are the same: 1) It’s easy. 2) They can do it whenever they want. And 3) The money is pretty good. If you have a car and are a safe driver, it can’t hurt to try a few DoorDash or Uber shifts. I, personally, would not be a good DoorDash driver because I would want to eat everything lol. However, if you have more self control than I, this could be an awesome side hustle when you have a couple of extra hours to spare.

Honestly, it sucks living in a world where a forty hour work week isn’t enough to get you by. The side hustles above could be a really good thing should you need a little extra cushion!

Do you have a side hustle? What do you do? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Jun9

Sweet Surprises: Random Money Edition

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Sweet Surprises: Random Money Edition

Hello!! This past week, I had a little moment on my break at work that simply tickled me and I just had to share it with all of you. I don’t know about you, but every once in a while I will see a post on Facebook about someone finding random money on their person. Unfortunately, I can’t relate because I am one of those people that rarely carry cash… Primarily because I want to spend it immediately! However, that statement is no longer true because that is what happened during my break time surprise and, I’ve got to say, it was just as delightful as I imagined it being.

After finishing up some work on the computer, I still had a bit of time to kill. So, I started reading a new book called The Missing Half by Ashley Flowers (Peep the Book Club review soon!). As I was reading, I reached in my purse for anything that could be used as a bookmark and pulled out the first thing that felt like paper. As per ushe, I was expecting a receipt that I didn’t need but wasn’t going to leave my purse until cleaning it out. Rather, it was a small envelope. You can only imagine my surprise when I opened it to discover it was Christmas cash from last year from my parents. I must have stuck it in my purse with the intention of spending it, it got lost in the black hole that is my handbag, and I straight up forgot about it.

When I made this discovery, it seriously felt like getting a hug from my mom and dad. Yes, the cashola was nice but it was even better to have a Christmas surprise in June! I immediately called my mom to announce my findings and what I thought would be a short call turned into a ten minute gab fest and that was the cherry on top. I was already having a great day but this made it an excellent one and it really is the little things in life that make it so much sweeter. ❤

Like I said, as soon as I have cash – I want to spend it! I used it to buy more leafy greens for the bunnies, a couple of dinner options for me and Johnny, and some super yummy dill pickle trail mix too. Dinner and snack time for us and the bunnies were proudly sponsored by mom and dad. I just love them!!! :*)

What is a little thing that made you happy recently? Have you found random money before? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

May7

A Car Repair Cautionary Tale

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A Car Repair Cautionary Tale

Hello!! My car, AKA the Little Red Love Machine, is my little pride and joy. She is basically me in car form and I worked very hard to be able to buy my dream car. It is so important to me to make sure she is running in the best, safest way possible and I always stay up to date on regular maintenance. I began going to a shop down the street from me for oil changes and have had a positive experience every time. Except for the last time…

After my last oil change, I was informed that my car needed some extra work and that the price was going to be steep – the bare minimum being around $1340. YIKES! Right away, my feelers went up because what they were recommending was something that I had gotten done before and for way cheaper. Rather than commit to anything right away, I called another repair shop I go to on occasion and got a quote from them. The price just on the phone? $960. That was much more like it! Better yet, when I took my car to get fixed, the true price when they called me was $820. That was even more like it and over five hundred dollars less than the original quote!

While I was doing the happy dance for a repair that was even less than anticipated, I was a bit peeved. Did the people at the first repair shop think I was stupid or something? In fact, after they high balled me, I got a text from one of the team members saying I could get a free oil change if I wrote a review and I’m pretty sure they knew I had their number lol. (And, no: I did not write the review as temping as a free oil change is!)

This is why I decided to share my cautionary tale. If you are getting a major repair on anything done and the price seems way too high, get a second quote from a different source. Hell, get a few! If the prices are similar across the board, then that’s okay. However, you might find yourself in a situation similar to mine and will be so glad that you called around. This might seem like a no brainer but it is definitely worth the reminder so that you can continue to get the most bang for your buck and find professionals that are trustworthy. You couldn’t pay me to go to the original shop I went to again!

I am pleased to report that the Little Red Love Machine is back in excellent condition and my savings speak for themselves. You can’t beat that!

Do you have a story similar to mine? How much money did you end up saving by getting additional quotes? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Oct11

That’s So Fetch

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That’s So Fetch

Hello!!! I used to be an avid user of the site InboxDollars and haven’t been on it in weeks. InboxDollars is a survey taking website to earn money for gift cards and I used to get Amazon cash pretty frequently with their paid emails. Then, they did away with them and I haven’t visited the page since. Luckily, my bestie introduced me to her favorite gift card app called Fetch when we were at dinner last week. I have been using it every day since and I am obsessed!

Fetch is really neat because literally all you have to do is take a picture of receipts from purchases and you earn points for gift cards. The receipts can be any price and from anywhere. In fact, I just submitted a receipt that was barely over a dollar from McDonald’s lol. You guys know I love a crispy Diet Coke! Fetch is a handy little app and I thought I would share it with all of you. Why not get something back from the items or services you are buying anyways?! I am already a fifth of the way there to a ten dollar Amazon gift card – it’s that quick and easy.

Below is my referral code so we can both earn points when you create your own Fetch account. Here’s to free money!

image_6487327(23)

Have you used gift card apps or websites before? Which one is your favorite? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Jun23

Money Is Tight: Tips To Help Pay Your Rent

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Money Is Tight: Tips To Help Pay Your Rent

As the cost of living rises across the globe, many people are wondering how they’ll manage to continue to pay for everything. Food, gas, energy, and rent have been steadily increasing for the past twelve months. If you’re struggling to pay your rent on time, you’re not alone. Rather than burying your head in the sand, now is the time to sit down and make arrangements with your finances. Being in total control of your income and spending will put you in the best position for paying your rent. Take a look at these tips:

Consider a Roommate:

If you’re renting a property and have a room to spare, you may want to consider advertising for a roommate. Sharing your property is one of the easiest ways to significantly reduce the amount of rent you have to pay. It’s important to check with your landlord before making any decisions. If your landlord agrees, ask family and friends before making a public advertisement. Someone you know and trust will often make the best roommate. However, it’s essential that you do all of the appropriate checks before accepting any applicant.

Reduce Your Spending:

Look at where you’re spending your money each month. If you’re buying coffee every morning, paying for subscriptions you barely use, or splashing on takeaways, it could be time to change your habits. By reducing your spending, you may be able to find the extra money you need to cover your rent costs without needing to worry further. There may also be ways of lowering other bills. For example, using less energy at home or negotiating lower payments with debtors. You’d also be amazed by the deals you can get by telling your internet provider that you are considering switching!

Consider Mobile Homes:

More and more people are starting to consider mobile homes instead of other properties. There are many benefits to living in mobile homes, including reduced rent payments and a higher chance of being able to purchase a mobile home. For example, Mobile Homes Direct 4 Less guarantees to beat the price of their competitors in the same area. It can be a great starting point for anyone who is looking for their first home and wants to build up proof of rent payments on time. Mobile homes can prove to be a great option, but the removal of them can be tricky if you are ready for an upgrade. If you have reached the point of moving out, consider doing a search for “mobile home transport in Alberta” (or your local area) to find the most efficient option for you.

Take On A Side Hustle:

It’s important to rest and stay healthy, but if you’ve got a few hours to spare each day, you could top up your income enough to make all of your payments. For instance, you could make deliveries for a local takeaway or care for someone elderly who needs assistance with meals and medication. Another alternative is to try your hand at freelancing. If you’re a talented writer, graphic designer, or you have experience in customer service, you could find opportunities that allow you to work from home in your spare time.

These tips are not a cure all, but they can be helpful to boost your wallet even a little bit!

Featured Image By: Pixabay

Dec2

How To Better Protect Your Money

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How To Better Protect Your Money

If you want a secure life, then you need to look after your money. Money buys security and can prevent you from a lot of stress and worry. It is not a good feeling wondering if you can pay the heating bill this winter. As we get older, this security is ever more needed. We are going to have to retire with no real set income coming in and making do with the money we protected in our youth. So, let’s discover a few ways we can protect our money better:

Get Out of Debt:

If you have debts, then you must get out of debt and stay out of it too. There is nothing worse for your finances than paying interest rates. This is a great way to have nothing. If you can, contact your creditors and increase your payments to get rid of the debt as fast as possible. For some of you, it may be wise to enlist the help of a financial planner. You may be able to consolidate all your debts to make them far easier to understand and more manageable. 

Learn to Live Within your Means:

A lot of people spend more than their wages every month, which means they dip into their overdraft. If this is a continual thing, you will end up further and further into your overdraft and this leads to debt. It is not like a mortgage where you will have something at the end of it, it is simply wasted money. So, you need to start living within your means. There are many methods to do this. First, you need to become more financially aware so you need to track your spending better. You can download a banking app if you have not done this already and keep an eye on your balance. You can even set alerts to message you when your account is running low. Other methods include disabling the contactless feature on your bank card, trying to save your income that is not used for essentials, and only using a set amount for spending cash. You also need to learn how to practice delayed gratification. Instead of caving into your urges to buy something, you need to wait and see if you still want it in thirty days or once you have saved the cash for it.

Invest:

Investing wisely is one of the best ways to protect your money. Unlike savings, you can actually invest and keep up with inflation. One of the best ways to do this is invest in property. Buying your own home is wise. It can actuary end up being a lot cheaper than renting. A dual occupancy home from Meadan Homes, for example, allows you to rent out part of your home and make money on it too. Other ways to invest are with bonds, either corporate or government, the stock market, and collectibles. Investing in yourself is another great one, meaning paying for a higher education. You can do things like side hustles too, which is essentially running your own business and giving you valuable experience.

Spending money is an obvious part of life but you need to be smart about it to keep increasing your savings. Get started with the tips above today!

Featured Image By: Pixabay

Sep20

How Do Social Media Influencers Make Money?

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How Do Social Media Influencers Make Money?

As we look at the current and future job market, we can identify a few career paths that will seemingly become more and more popular. Certainly, the rise of social media influencers has carved out a brand new path that didn’t exist before. These days, thousands of young kids and teenagers are desperate to have a job as full-time influencers. While this initially seems like a poor career choice, it quickly becomes an idea that can provide a lot of success.

Influencers can earn a lot of money without even being one of the biggest and most well-known creators on the planet. Sure, you have Charli D’amelio, Addison Rae, and Khaby Lame who amass millions of dollars per year. But, they have millions of followers across multiple accounts. An influencer with just a few thousand followers can still earn a lot of money. How? Here are the main ways most influencers make their cash:

Sponsorships:

The majority of money comes in the form of sponsorships. Brands pay the influencer to promote their products, services, or just the brand itself. This is usually in the form of sponsored posts, with payments made per post. Alternatively, influencers can have sponsorship contracts where they represent a brand. This means that they regularly post about them, wear their clothing, and so on. It’s more of a long-term thing with money paid regularly as part of the contract. If you are having difficulty locking down sponsorships, services like Connect Management can help you connect with brands, form partnerships, and make your star shine even brighter.

As your revenue through influencing continues to build, it’s important to think about how you are going to handle accounting and taxes. Finding an accountant for Influencers to help protect yourself and your finances is a great thing to consider. With this all important aspect of your career handled, you can focus on creating your best content ever.

Ad Revenue:

Most influencers will also make money from advertising revenue. It’s rare that you will see an influencer only work on one platform. In most cases, they’ll have a YouTube account or another platform that allows them to monetize their content. The more views they get, the more advertising revenue they earn. As they become more popular, advertising companies pay more money to get their ads shown on their videos. Why? Because these companies know that thousands of impressionable eyes will be watching, which is a huge opportunity for them.

Merchandise:

Finally, you have money earned through merchandise sales. Once an influencer gains a following, they’re in a very unique position. They will have thousands of people who pay attention to them and want to support them. So, the influencer can create merchandise or other products to sell to their followers.

The followers want to show support or represent the influencer, so they’ll be more than happy to make purchases. In a lot of cases, influencers use their platform to create products that extend beyond brand merchandise. Many will develop their own clothing lines that attract attention from people outside their following, helping them make even more money.

You see, the money making opportunities are very diverse here. This is why smaller influencers are still able to earn decent wages. Of course, one benefit of this career choice is that you get back what you put in. The more effort you make to grow your brand and the bigger you get, the more money you could end up making. Just remember to work hard because influencing doesn’t become an instant career over night!

Featured Image By: Pexels

Jul22

Get Started On Monetizing Your Blog

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Get Started On Monetizing Your Blog

We all love the idea of making money by doing something we actually enjoy. Well, blogging genuinely gives you this opportunity. You can write about topics that are close to your heart, pouring out the thoughts that you keep inside your head for most of the day. At the same time, you can start earning a lot of money – if you know how.

Don’t just rely on ad revenue – it won’t be enough. The key to making your blog a money making machine lies in eCommerce. It’s very simple; you set up your blog to allow people to buy things from you. Meanwhile, you still post content and make money through adverts and sponsors, but you’ve got this extra hustle going on in the background.

Of course, there’s a tactic to this that will make it work. You can’t just sell anything and everything! Let’s look at how you can start monetizing your blog:

Sell things that are valuable:

Choose to sell things on your site that are valuable and relevant to your blog. Merchandise is always a good idea, giving your audience a chance to support you and wear your branding everywhere. At the same time, consider what your blog is about and how you can create products/services linked to it.

For example, imagine your blog is all about marketing. Here, you could sell marketing programs or ebooks that help people improve their skills. It’s an extension of your content, but you go into more detail and reveal your secrets. Alternatively, a fitness blog would be excellent at selling things like branded water bottles, fitness equipment, etc. If you sell things that your audience will be interested in, there’s a lot of money to be made.

Make everything look professional:

Nobody will buy anything if your site doesn’t look good enough. A regular blog is not an eCommerce site; you need to make some changes. Thankfully, there are companies like WEBX360 that can help you create an eCommerce website. This will ensure that you have all of the features on your blog to allow people to add things to their carts and check out securely.

Optimize your content:

We’re not talking so much about your blog content here – though that can be relevant. Rather, we’re thinking about the content on the eCommerce portion of your blog. Write good descriptions and have excellent landing pages to help your site rank well in search engines. This can bring in customers that aren’t from your blog audience, letting you make more sales.

Similarly, speaking about your content, you can use it as a way to link to certain products/services for sale. Sometimes, you could even build content around new product launches to generate hype!

As you can see, your small blog can very quickly grow into a healthy side hustle. If you utilize eCommerce on your site, it gives you a new way of earning income to add to your monthly blog revenue!

Featured Image By: Pexels