Money Saving Shopping Tips-Episode 2
In this episode of ‘Young and Oldish Money’, we’ll talk money saving shopping tips for cars, gifts, and day-to-day stuff. These shopping tips aren’t just for the holidays either. We’ll also touch on the impact of oil prices on hybrid cars, and rideshare app woes.
(Published December 26, 2014)
What’s the Break Even Point Between Hybrid and Regular Car?
Everywhere you turn, there’s a new hybrid vehicle. The problem is; they’re higher priced than their competing non-hybrids. So we take a look at when it makes financial sense to pay up for a hybrid versus the traditional car. But, before you think this is an easy decision, we also discuss other factors which go in to the car buying decision. With all of the available options, it’s tougher today than ever to buy a new vehicle.
With today’s low gas prices it may take many years to break even or make up the additional cost you pay when buying a hybrid. We discuss how the break-even point depends on the unstable price of gas today. At the time of taping – gas prices are at historical lows. But, by the time you listen to this episode, it’s likely that gas prices will be different. So, don’t base your vehicle purchase decision solely on the price of gas.
We explore other factors that go into whether to buy a hybrid vehicle or remain old school.
- Cost of ownership
Although buying a hybrid helps you to hedge your bets against a rise in gas prices, there’s a lot more to consider before driving off the lot. Of course, we all know that buying a hybrid helps the environment. That said, before you buy, like all money saving shopping tips, consider your own personal situation before pulling out your wallet.
This conversation referenced, With $2 Gas, the Toyota Prius Is for Drivers Who Stink at Math – Bloomberg Businessweek by Kyle Stock.
Another useful article on this topic is from the Edmunds.com website, “What You Should Know Before You Buy a Hybrid“.
Uber Ride Sharing-No Regulations?
Will you get scammed when using Uber or other rideshare companies? These new transportation apps have changed the fee for ride landscape. We talk again about things to consider when using Uber, Lyft or any other ride sharing service.
Recently, Uber was sued in both San Francisco and Los Angeles for misleading customers and charging fraudulent fees. In India, an Uber driver raped a passenger, leading to a ban in that country. So, how can riders protect themselves from overcharges or unsafe drivers?
Do you think these types of companies need some type of regulation? Consider what might happen when using these new transportation platforms in the case of an accident, surcharge, or other problem.
In today’s episode we discuss a variety of issues surrounding these new rideshares. Tune in for suggestions about how to protect yourself from abuse.
Read more about the Uber issue in, “Uber Won’t Get Out of Its India Mess Any Time Soon – Bloomberg Businessweek“, by Bruce Einhorn.
How to Save Money Online-Best Money Saving Shopping Tips
Money Magazine has been my go to money source for decades-and they are still going strong. In a recent holiday article, “7 Holiday Shopping Tricks That Beat the Sale Prices“, Ismat Sarah Mangla lets the ideas roll. We go ‘money-saving idea crazy’ with the inspiration from this article.
There are many clever tricks which teach you how to get rock bottom prices. Although the article focuses on the best money saving shopping tips for holiday gifts, there’s no reason you can’t use these money-saving websites and strategies all year long. Some of the money saving highlights we discuss in this segment include:
- How to snare the best coupons.
- Best way to comparison shop.
- How to choose the right type of credit card to save more money.
- How to save on shipping.
- Ways to stack your discounts.
- And many more ideas to spend the least amount possible.
The Money Magazine article included links to about 20 different online money saving websites, so make sure to click through to the original post. Some of them are; FreeShipping.org, GiftCardGranny.com, RetailMeNot.com, Ebates.com, and many more.
Listen to this episode to strengthen your money saving muscle. In fact, Bobby shared a clever email trick to save big! Put together a bunch of online shopping strategies and before you know it you’re saving big-time dough.
Final Tips to Save Money
1. Save your lose change-Use it to build up your emergency fund. Listen, to find out what happens at Bobby’s coin rolling party.
2. Keep Track of Your Spending-Learn an easy way to take care of this unpleasant task. Really, it doesn’t have to be difficult. Understand the tremendous financial benefits of a few minutes of effort.
Tips from AmericaSaves.org-“54 Ways to Save Money”
(Featured image courtesy of mariordo59 on Flickr)