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Car Repair Cons

Repair shops have a bad reputation. One reason why is most of us don’t really know much about our vehicles. When a repair person tells us our framastat and carburatic overgloid needs replacement, we just nod and sign the repair order.

One of the most common cons is the Oil Change Add-Ons: Many repair shops advertise a very low price on oil changes. Once they get your car in their service bay, they’ll tell you about all the other things you need – like a new air filter or a coolant flush. Unless you know and trust your repair shop, treat these tactics with skepticism, especially if your car has been running just fine.

BTW – Many of the coolants used in today’s vehicles are good for 100,000 miles.

Dealing with Debt

Many Baby Boomers are retiring while still carrying massive amounts of debt. This can add stress to what should be a carefree time of you life.

Here are some tips for getting out of debt:

1. Pay Off Those Credit Cards - Make sure you're paying off more than the monthly minimum. Also, check the interest rates you're being charged and pay down the cards with the highest rates first.

2. Refinance Credit Card Debt - If your credit is good, it may make sense to consolidate your credit card debt into a personal loan. Typically, personal loans charge far less interest than the major credit cards. Just make sure you don't run up the amounts on those cards again!

3. Cut Out the Extras - Decide what you really need - not just what you want.

4. Sell Your Stuff - There are now many ways to get rid of unwanted items and earn a little extra cash... from eBay to craigslist. Or you can always hold a garage sale. You'll have less stuff t take care of and earn some additional money at the same time.

Safeguarding Your Wallet or Purse

With all the emphasis on identity theft, the theft that’s 3 times more common is the theft of a wallet or purse. Here are 2 tips that can help minimize the damage should yours fall victim to a thief:

Remove the riskiest items – These are things that shouldn’t be in your wallet or purse to begin with including your Social Security Card, copies of your online passwords or your bank PIN number.

Make photocopies – Scan or photocopy the important things that remain in your wallet or purse. That includes your driver’s license, bank and credit cards, insurance cards, and even your library card. Make sure you copy both the front and back!

Keeping Snowbirds Safe

It’s that time of year again. Many of us will be traveling from our “regular” homes to spend the winter in warmer states like Florida or Arizona.

Be careful. Law enforcement warns that you may at risk at home and away.

Before you leave: Make sure you have one of or more timers set for the lights in your winter home. Also, recruit a friend or family member who’s staying put to check your house periodically to make sure the driveway is shoveled and to pick up any “penny shopper” type newspapers that aren’t held or forwarded by the post office.

When you arrive: If possible, confine all your purchases to a single credit card. That will make it easier to monitor to ensure that no one you encounter during your winter stay has stolen your card number and is making unauthorized purchases or using that card to open other accounts under your name.

Is It Time to Break Up with Your Bank?

Many of us do a year-end review of our finances.

Don't overlook shopping around for banks. If your bank is charging you for checking or paying barely any interest on your savings, it may be time to shop around. Many community banks and credit unions offer free checking and online banks often have better interest rates on savings accounts, frequently with no minimum blanace.

So it pays $$$ to shop around!

On My Little Margie, who did Margie's dad, Vern, work for?

The investment firm of Honeywell & Todd
O'RyanCordes Marketing