Your favorite community of Owasso apartments is back with another informative blog post for our residents. This week, we’re talking about financially savvy habits that, when developed, can save you money in the long run.
Check out the post below, and please be sure to share it with your friends and neighbors at your 98 Apartments Owasso!
Take care of car maintenance right away
Here’s a financially savvy habit that costs money in the short term, but will save you thousands in the long term. Cars are designed to be taken care of. You can’t just expect your car to work forever if you don’t pay for regular maintenance. We’re talking about oil changes, brake pad replacements, cleaning out the fuel system, and things like that. Each of those maintenance services will cost about $50 at a mechanic, which is a small price to pay for peace of mind and a longer lasting vehicle. If you ignore those simple maintenance tasks because you don’t want to spend $50, it will likely end up costing you hundreds if not thousands of dollars down the line.
The best way to get in the habit of performing regular maintenance on your car is to stop thinking about those costs as expensive. Yes, you have to spend money when your car needs maintenance, but it’s really a way of saving money in the long run. Every time you get an oil change, rotate your tires or do something of that nature, you’re saving yourself thousands of dollars down the line. Try thinking of it that way!
Don’t buy insurance/protection plans for electronics
Insurance isn’t a bad thing, but it’s being misused these days. You pay for car insurance because you would never be able to afford to fix your car after an accident (or someone else’s car, for that matter) if you didn’t have it. Of course, car insurance is also legally required, but that’s beside the point. If you have renters’ insurance, you pay for that because you’d never be able to afford to replace everything in your home in the event of it being stolen or otherwise damaged.
That’s great, and that’s why insurance exists. However, you don’t need insurance for things like your TV, your phone or your laptop. First off, it’s highly unlikely that one of those things breaks. Cars break all the time, but a TV? Probably not. Secondly, having to repair one of those things won’t cause you all that much financial hardship, so why spring for expensive insurance?
Be patient when it comes to new technology
The iPhone X was recently released, and if you haven’t bought it already, you’re probably counting down the days until you can buy it. If that sounds like you, it might be time to reevaluate your technology priorities. Try to avoid being the person that always needs the newest technology. Older phones are pretty much the same, anyway, and you’ll save a lot of money by hanging on to your phone for more than a year. We don’t need new laptops every year, so why do we feel the need to update our phones each year?
Wait a day or two before making online purchases
Before you buy that brand new TV, awesome new sweater, or must-have winter clothing item, sleep on it. You’ll save yourself tons of money if you can get in the habit of sleeping on purchase decisions before you make them. You probably won’t feel the same about that sweater in the morning as you do right now, so give your brain some time to calm down and not get too excited about buying something that you don’t really need.
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