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Personal leasing deals are growing in popularity with motorists and it is easy to see the attraction when you get the chance to swap your car every couple of years for a new model, but is it the most cost-effective form of motoring?

There is always a cost attached to leasing a car and the obvious downside is that you never actually own the vehicle at any point, but if you own a car outright you will also have to consider repairs and maintenance over time.

It is a bit of a dilemma, so here is a look at some of the key points that could you decide whether you would be better off financially owning a car rather than taking the highly popular route of signing up for a personal lease.

A fair comparison

One of the fairest ways of trying to make a direct comparison between owning a car or leasing it would be to look at the typical period that you are likely to own a car for.

The median average for owning the average family car is about six years so in order to try and make a cost comparison between leasing and ownership it needs to be an equal length of time.

As the average lease period is normally no more than three years it is quite likely that you will have taken out two lease deals covering the average period that you will hold on to a car that you have bought.

The cost of leasing, therefore, needs to be doubled up so that you can take an equitable look at what it has cost you to service and maintain a vehicle you own against the price of leasing one that may not require repairing so often in that time, but costs you monthly lease payments.

Using those parameters it is likely that buying a new car will cost you the most money when you look at all of your out-of-pocket expenses, followed by a leasing deal being more cost-effective, but trumped by buying a used car and maintaining it.

It is not a precise science of course, and you could arguably sign a free maintenance program so that you don’t have any additional servicing or maintenance costs during the leasing period, but that will be factored into the monthly payments.

How long you want to keep your car for

If you want to keep changing your car to the latest model and don’t mind paying for that flexibility and convenience then leasing is probably a good way to go, but if you are someone who is happy to get their money’s worth, car ownership is likely to prove a more cost-effective option.

If you are happy enough to do some of the more simpler maintenance tasks and repairs yourself, you can download Ford repair manuals, for example, and learn how to do things properly and save a lot of money compared to paying a garage to do it for you. ...continue reading

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subscription boxesSubscription boxes have become all the rage in recent years, but some people still consider them a waste of money. Why pay $15-$45 a month on a box of stuff?

If you believe that subscription boxes are a waste of time and funds, think again. Subscription boxes can save you money, time, and so much more. Here’s how.

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If you are a fan of video games, beauty, or even just collecting items, a subscription box can save you money by cutting out the unnecessary expenses. Subscription boxes give you the opportunity to get items you like or want to use. Plus, you won’t feel deprived, because most boxes come once a month.

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If you shave often, love to wear makeup on a regular basis, or try to eat as healthy as possible, there is a box for you. A subscription box is supposed to save you money, so why not choose one that’s practical?

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Try Before You Buy

Have you ever wanted to try a new product, only to put it back because of the price? Or maybe you’ve bought an item because of recommendations, just to find out that you hate it. Subscriptions boxes can save you money by helping you try before you buy.

If you love a product, you can keep it and use it until finished. And if you don’t like a product at all? Most likely, you spent less than a few dollars on it, so no harm done. ...continue reading

cheap summer partySummer is typically the perfect time to throw a summer party because everyone will most likely be able to attend! If you have a ton of family and friends, a party is a perfect way to get everyone together. But how do you throw a cheap summer party that everyone will enjoy?

No Invites to Cheap Summer Party

In today’s age, many people are a social media event or text away. It may seem impersonal, but inviting your potential guests this way can save a ton of time and money on your end. Mailing so many invites can be expensive in the long run! That’s not including that you have to buy them in the first place.

If you must send an actual invite, try delivering them by hand rather than mailing them! For most people, their guests will be closer to home than not, so hand delivering can save some cash and be a little more personal too.

Buy Cheap Decorations

Decorations are fun and can add ambiance to a cheap summer party, but you don’t have to spend a small fortune on them! You can even find more than just decorations! Most dollars stores have everything from serving platters, to goody bag ideas. I try to go to my local dollar tree first to get the bulk of the items that I need, and I’ve always spent less than $50 during each party. Talk about frugal decorations!

If you don’t happen to have a dollar store near you, you can always try hitting up dollar “spots” at any local store in your area. Another great area is clearance racks or sales in the back of the store. You may have to do a little more digging, but it is possible to get your non-food items for a lot less. ...continue reading