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How To Save On Fuel Bills

September 12, 2013 Leave a comment

Wealthymatters

Petrol prices in Mumbai have moved to 81.57 from 69.83 a litre since May 1, a rise of 17% in the past four months, raising monthly fuel bills.

With crude prices continuing to remain high and the rupee depreciating sharply against the US dollar, petrol prices are likely to remain high in the near future,and spike in case of further uncertainty in the Gulf. Car drivers by changing driving habits and maintaining their cars well can bring down the monthly fuel bill by as much as 10-20%.

Driving habits play a major role in saving fuel. It is possible to drive the same distance in the same time and yet save on fuel provided you drive smoothly. Many of us tend to accelerate very fast even though we know there is a signal 100 metres ahead, brake suddenly or drive at a high speed on a much lower gear than we are supposed to. All these actions put pressure on the engine, which tends to guzzle more fuel in the process. If you change these habits alone, you could save as much as 10% in fuel costs. Read more of this post

Filed under Theory, Tool Kit Tagged with adjust gears properly, check wheel alignment, crude prices, drive smoothly, filter check, oil change, petrol price rise, postaday, save fuel, save petrol, saving money, servicing your car, switch off the engine at signals

Things You Could Buy Used

July 13, 2012 4 Comments

wealthymatters.com Here is a list of things you could easily make do with as a hand-me-down or buy used/pre-owned/second or third hand or buy vintage or unsold old stock and save a pile without any noticeable downside.

1.Houses:Older houses might not have the newer bells and whistles but you will also not be paying the premium builders charge for them.If you buy a generally sound house and renovate and/or redecorate it you are likely to get better value for your money.Older house might also be in better/more developed neighbourhoods and so have many more intangible advantages.Similarly it makes sense to by older commercial and industrial buildings.

2.Cars:By buying a car from the last months of the past year or a demo-model or a relatively new used car you will save a bundle.Cars depreciate fast so it makes sense to buy a slightly used one.However it doesn’t do to buy a car past its warranty if you are not much of a mechanic and can’t tinker with your own machine.The repair and maintenance costs will make you go broke.Similarly maintaining classics while they turn to vintage models is a way to make money from cars.But this calls great mechanical aptitude,patience,interest and space.Buying other used vehicles from bikes to trucks and boats also makes sense.And you can shop for steeper discounts,the more you know about tinkering with them.Luxury models often sell at steeper discounts simply because the people who buy such items new won’t be caught dead in a second hand vehicle. Read more of this post