10 common mistakes to avoid when buying a used car

10 common mistakes to avoid when buying a used car
Whether new or used, buying a car is a huge investment. With growing inflation, more people than ever have been opting for pre-owned cars, as it can significantly reduce ownership and insurance costs. However, these can come with their issues, such as wear and tear or negligent maintenance. Check out these ten common mistakes people make when buying a used car and easy ways to avoid them for a better experience. Skipping the test drive Many buyers do not take the car out for a test drive before they buy it. While one may do this as a vote of confidence or faith in the dealer, it could lead to potentially expensive repairs in the future. Before buying a used car, it is always a good idea to test drive a few. If possible, work out a deal for a longer test drive, say 30-40 miles, where the car can be tested in different traffic and road conditions. This will help one build a clearer understanding of what the car’s ownership and performance would look like. Leaving financing to the last minute Before heading out to buy a used car, one needs to figure out how they plan on paying for it.

7 mistakes to avoid while using buy now, pay later

7 mistakes to avoid while using buy now, pay later
Buy now, pay later is one of the latest financing trends, often considered a way of making purchases easier for customers. Here, using a third-party provider, one can make payments on those purchases later. While this may seem quite convenient, the offer comes with its own risks that can result in an unnecessary debt burden. To avoid this, it helps to be wary of the following common buy now, pay later mistakes: 1. Ignoring the fine print This is one of the most common buy now, pay later people tend to make. Here, they may be tempted to skip reviewing the jargon-heavy and complex terms and conditions. However, this can cause more harm than one expects, as the fine print contains all the important guidelines, such as late payment fees, number of installments, payment methods, and other crucial buying information. Checking the terms thoroughly can help one avoid a lot of trouble while using the buy now, pay later (BNPL) payment method. 2. Making too many purchases It is common to develop a false sense of security when accessing the buy now, pay later offer for a purchase. One can end up assuming that they will always have enough funds to pay off dues later.

6 common types of loans to know about

6 common types of loans to know about
One may need money for various reasons, whether it is for funding further education costs, buying a new house, or starting up a new business. A steady income may cover most of one’s regular expenses, but major purchases or emergencies may require one to borrow funds. The banks and federal organizations offer many options for people to borrow money with varying interest rates and repayment schedules. Read on to understand the common types of loans. Personal loans Personal finance is a versatile option that can help fulfill various needs. It can be availed to cover expenses like emergency bills, vacation, medical treatment, relocation to a different city, home renovation, wedding, or buying expensive electronics like tablets, computers, washers, and refrigerators. Usually, the repayment period can range from a few months up to a couple of years and the interest rate can either be fixed or variable, depending on the preference of the borrower. One can apply for personal loans via a bank or an online lender. One can choose between a secured and unsecured personal loan . In case of a secured loan, the borrower needs to provide a collateral that can back it up. This collateral can be any valuable, such as a vehicle, savings account, life insurance policy, or gold, which acts as a type of security for the lender who can claim it if the borrower fails to repay the loan amount.

8 ways to make loan repayment easier

8 ways to make loan repayment easier
Taking out a loan to finance a major purchase or investment requiring a large amount of funds is a common practice. One can get a loan for reasons like education, home purchase, renovations, debt consolidation, electronics, medical or emergency costs, or other unexpected expenses. There are many options available that can make the loan repayment process smoother and more manageable. Here are some types of loans and ways to make repaying loans easier: Types of loans There are two types of personal loans one can get: secured and unsecured. For a secured personal loan, the borrower must offer collateral or an asset of value, like a vehicle, home, gold, or shares, as an assurance to repay the amount. If one defaults, the lender can claim the asset. An unsecured loan, on the other hand, does not require any collateral deposit. Here, the borrower can pay the money as per the agreement, and if they default, the lender cannot claim any of their assets. However, defaulting on an unsecured loan can lower the credit score significantly, and the lender can also file a case against the borrower to recover the losses. An unsecured loan is the most common type of personal loan to finance weddings and vacations.

19 common mistakes to dodge when buying a car

19 common mistakes to dodge when buying a car
Buying a car is a major decision that can either be exhilarating or exasperating, depending on how well you navigate the process. Unfortunately, there are several common car-buying mistakes that can turn your joy ride into a bumpy one. In order to avoid being stuck with a car that you don’t want in the long run, it is important to learn how to avoid certain pitfalls throughout the vehicle-buying process. Skipping Research By starting the car-buying journey without extensive research, one risks making poor choices, overspending, and experiencing buyer’s remorse. Conduct thorough research by defining needs, budgets, and preferences. Also, explore different makes and models, read reviews, and compare prices. Overlooking a Budget Neglecting to set a budget before one begins shopping can lead to financial potholes, causing overspending, debt, and buyer’s regret. Determine the budget based on the financial situation, considering the purchase price, ongoing expenses (insurance, maintenance, fuel), and financing options. Creating a financial roadmap will help one stay on course. Neglecting Pre-approval Arriving at dealerships without securing pre-approved financing is like setting sail without a compass. It can lead to higher interest rates and limited negotiation power. Research financing options from banks, credit unions, or online lenders.

9 mistakes to avoid when choosing a financial advisor

9 mistakes to avoid when choosing a financial advisor
Sometimes, individuals possess the knowledge to handle financial planning, investing, and tax preparation but do not have the time to do it all by themselves. Others might be well-versed in the documentation and process but still require the intervention of a financial or tax advisor to get the job done efficiently. When choosing a financial expert, one might make some common errors that could lead to improper selection of the professional. 1. Rushing a decision An individual might procrastinate when it comes to planning their finances and look for an advisor at the last minute. In such situations, one might rush decisions and hire the first associate on their search page. As a result, it could lead to signing up with an expert who isn’t well-versed in the area one expects or one that is too expensive. One should take time when selecting a financial or tax advisor. Moreover, one must set appointments with at least three professionals before deciding. The individual should also ask them the same questions and compare the answers to find the right fit. 2. Going for the lowest quote Signing up with the person who quotes the lowest price might seem the right choice to save on fees.

Our
Blog.

3 tips for diabetes management

3 tips for diabetes management

High blood sugar or hyperglycemia is associated with prediabetes and diabetes. The body generates insulin to manage blood sugar levels. But when the liver produces excessive glucose, and the body makes little insulin or fails to use insulin, it leads to high blood sugar levels. The condition can leave one tired and thirsty, cause blurry vision, and result in the frequent urge to pee. Read on to know some treatment plans for diabetes management: Treatment options for diabetes management Invokana® It is an excellent treatment plan that works in tandem with the proper meal plans and exercise to lower high blood sugar levels in those with type 2 diabetes. Invokana ® also reduces the risk of death from stroke or heart attack. Plus, it helps decrease the risk of end-stage kidney disease and worsening of kidney function. GlucoTrust GlucoTrust promises to help maintain healthy blood sugar levels, reduce one’s craving for sugar and unhealthy foods, and support deep sleep. It also claims to have a formula of all-natural ingredients. However, it is strongly advisable to consult your doctor before opting for supplements like GlucoTrust since it may not bring the desired results in all cases. Kerendia® It is an FDA-approved prescription treatment that aids in lowering the risk of complications in people with Type 2 diabetes.
Read More
4 tips for dealing with asthma

4 tips for dealing with asthma

Asthma is a respiratory condition wherein the airways in the lungs swell up, become narrow, and produce extra mucus, making it difficult to breathe. People affected can experience breathlessness, coughing, and wheezing. The disease could be a minor issue for some, while others may have to deal with serious long-term symptoms. Although there is no permanent cure for asthma, here are treatment options, foods to have and avoid, and alternative therapies to manage the symptoms: Treatment options Doctors can recommend the right course of treatment based on the severity of asthma symptoms. Here are a few popular options: Tezepelumab: It is a popular treatment option, approved by the FDA as a supplementary maintenance remedy for pediatric patients over 12 and adults with asthma. Tezepelumab is an injectable option and the first and only biologic to significantly and consistently reduce severe asthma symptoms in clinical trials. Fasenra: This is a monoclonal antibody that works on the immune system activity in the body. Fasenra helps control the elevated eosinophil count responsible for severe asthma symptoms. This injection is suitable for children over 12 and adults and can be used with other treatment plans to keep flare-ups in check. Nucala: This is a monoclonal antibody that also reduces the eosinophils in the body.
Read More