Because inflation affects our day-to-day lives, worrying about inflation affecting car repairs is understandable. As of August 2023, car maintenance prices had increased 23% over the previous year. There are many reasons for this, including a shortage of workers and car parts. Also, because the technology on cars has advanced, repairs to the high-tech features...
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Just like many other goods and services, car prices are not immune to the impacts of inflation. Discover how inflation affects car prices.
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How will inflation affect the housing market? Housing prices tend to rise with inflation. This is because the economy is dynamic and there are a lot of changes introduced to it every day. One of the major factors causing home prices to increase is interest rates.[1] When interest rates are low, buying homes can be...
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While wheel alignment and balance both contribute to a smoother ride, the services are quite different. A wheel alignment makes sure your tires contact the road in the correct way by adjusting the angles of your tires, while a tire balance corrects the weight imbalance on the wheel and tire. Here’s a deeper dive into...
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You probably know that your car has a serpentine belt, but do you know what it does? The serpentine belt transfers power from the crankshaft to many components in your car’s engine. It’s important to know how it works and the symptoms of a bad serpentine belt so you can keep your car running more...
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Sure, buying a hybrid vehicle can increase your fuel efficiency – but what if you can’t afford a new vehicle right now, or don’t like any of the current hybrid offerings? There are a lot of ways to reduce your fuel consumption, even if your daily ride’s been in the driveway for a few years.
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Are you looking for a way to help reach your financial goals? You’re not alone. 44% of working Americans have a side hustle. [1] Whether you’re looking for some extra cash, making ends meet, trying to keep up with inflation or just looking for something to do after work, a side hustle could be right...
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From a safety and cost standpoint, tire maintenance is one of the most important things you can do for your car. The easiest way to care for your tires is both quick and inexpensive: maintain the correct tire pressure. What is the recommended tire pressure? Because maintaining your tires is so crucial to your safety...
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Key Takeaways: What is a safe amount to withdraw each year in retirement? The Center for Retirement Research at Boston College has found that many older Americans could be at risk of emptying their accounts by age 85, although half of them will live beyond then.[1] To avoid emptying your account prematurely, the 4% rule...
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Your car payments and auto insurance payments may stay the same each month but gas prices can fluctuate wildly during the same period. Gas prices differ by state, by city, by season and by gas station, just to name a few variables, but consumers who shop wisely can trim their monthly car expenses. These easy...
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Driving can be expensive. Between buying or leasing the car itself, maintenance, and insurance, it can be enough to make some consider the bus. Choosing your insurance wisely can help that a lot, and you can always practice safe driving and precautionary measures that minimize maintenance costs, but some expenses, such as gas, are harder...
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Buying new tires can be a confusing chore. What do all those numbers mean? Should I go with winter tires or all-season? And, of course, how do I know when I need new ones? Taking care of your tires and maintaining good driving habits can help extend the life of your tires, but eventually you’ll...
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Learning how to live on your own can be an exciting time in your life, but it’s also a big and costly transition. One of the first and most important decisions you’ll need to make involves finding a place to live that fits your budget. Because this is typically your largest expense, it raises the...
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There’s no denying motorcycle road trips can be a fun-filled adventure. But for motorcyclists, road tripping is not as simple as gassing up the car and heading off to your destination. There’s also a big difference between motorcycling along a local highway on a Sunday afternoon and traversing hundreds of miles on a cross-state journey....
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While we hear plenty about the dangers of winter driving, we often ignore the hazards that come with summertime driving. Statistics show summer is actually a riskier time to be on the road. The Insurance Information Institute shows the highest number of fatal car accidents occur in August. While summer offers some of the year’s...
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