If you're reading this, I'm earning money. Thanks for helping to feed my family. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not a CPA, lawyer, or doctor, although my parents wanted me to be all three. So, talk to a professional before acting on anything you read below.
Are your driving mistakes costing you money?
Out of all of your assets and running costs, your car, and how you drive it are some of the most impactful. Not only is it likely to be one of the most valuable things that you own, but you’re also paying off the fuel prices, maintenance, and perhaps still paying off the loan you took for it. As such, you don’t want to use your car in any way that further grows your expenses, but here are some ways that silly driving mistakes could do just that.
First of all, if you don’t take care of how you drive, you are more likely to damage your car. Not only can accidents result in obvious repair costs, but even bad driving habits like accelerating or braking too fast can cause more wear to your tires, your engine, and your brake pads. This means you are going to more regularly have to replace and fix certain parts of your car. Drive in a way that keeps your car going for longer.
Related to cars and money: 3 Ways To Reduce Car Expenses This Year
If you’re the wronged party in an accident, then your foremost thought might be that you want to make sure you get the money you’re entitled to in order to cover your costs. But what if bad driving habits make it more likely that you’re going to be the one paying out, instead, be it through insurance or through legal action? Taking defensive driving courses can help you be a lot more mindful of the road around you and ready to react to dangerous situations so this is less likely to happen to you.
The reasons that you should avoid driving recklessly or driving under any kind of influence should be clear enough for all drivers. However, the legal trouble you can get into should be the final nail that gets it into your head. Not all charges you might get while driving will be entirely fair, and teams like Takakjian & Sitkoff, LLP can help you stand up for your rights when that is the case. Otherwise, however, it’s better to make sure that you’re never in danger of being pulled over by the cops for how you drive. From tickets to legal costs, it can be expensive.
Your insurance provider will capture whatever data they can to get a better idea of how much risk is involved in insuring you. The riskier you are, the more you can expect to pay them. Past accidents and legal troubles can affect your auto insurance, but you can also take steps to reduce it by showing that you are, in fact, a reliable driver. Going for a black box deal that tracks your driving performance using telematics technology like ABL Group is one example.
Your role as a safe and responsible driver is essential for so many reasons. However, if you need another, then consider how it affects your finances. Have a plan for the situations above, but try to actively avoid getting into them in the first place.
Why Your Business Should Switch to VoIP
Save Your Budget: Big-Ticket Items That Are a Waste of Money
3 Ways to Make Your Beekeeping Hobby Profitable
Will Cryptocurrencies Take Over the Conventional Money?
Why are Miners and Blocks Significant in Bitcoin?
The Ledger is at the Heart of Blockchain
Cryptocurrency Risks and the Advantages of Cryptocurrency Trading
How to Select the Best Cryptocurrency for Investing
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.