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7 Hacks to Save Money on Car Rental Services

7 Hacks to Save Money on Car Rental Services

As our cities become more crowded and we long for affordable and comfortable personal cars, car rental service is one good alternative for anyone who wants to enjoy the car rides at fraction of the cost and that too without incurring any maintenance and other costs.

More demand for rental car services means higher rental charges and services like Uber and Lyft are really riding on this drive to cash in more money. Riding on this high demand tide are some local limousine services like the Elite in Houston or other routine services such as the Kayak and Turo, which are also competing with each other for their share of the pie.

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So, in such a situation, what you can do to save more and enjoy the best of the cars, limos and high-end SUVs at the fraction of the cost? Here are some really nice tips for you:

1. Explore The Internet

The web of the internet is so huge that there is nothing that can’t be found in the pool. Being a common phenomenon of comparing the rates and selecting the best one of all is really beneficial for almost everyone. Almost every car rental service have their online portal where the price is listed. You can also surf the available discounts that you can redeem and enjoy the services on a low budget. You can also use VPN services to use a local IP address to get lower charges because many car rental services track your IP and location to determine how much they will charge you.

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2. Select Your Destination Wisely

Always keep in mind that not all locations are priced equally. Generally, airport bus services cost you a bit higher than the others. The reason is that at an airport, the taxes and fees are added to the actual fare. But the taxes and fees also vary location to location. If you are in the US, states like Arizona, New Mexico, Maryland, Ohio and Missouri are some of the states where taxes are high whereas Houston airport buses have less tax.

3. Plan Your Trip on Weekends

The timing of your trip matters a lot. Typically rates are higher during the business days and lower in the weekends. So, if your trip is flexible to timing, it’s better to plan it at the weekend. The weekend will help you in saving money in terms of rental charges as well as utilize your weekend instead of taking a leave on your official days.

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4. Book Early

Booking late is one of the biggest mistakes you all do in terms of saving money. It is a myth that hiring a car just before the trip will help you in saving money. Instead, they may charge you some extra penny. Always prefer to book a car rental prior to your trip. With this, you can get rid of the peak time charges that are applied at the time of instant hiring. It will also emit one hurdle in your planning and arrangements.

5. Consider Car Insurance

Before finalizing the car rental, you are provided with a collision damage waiver and a loss damage waiver. Both these policies are good when you are driving a rented car, but your own insurance policy may have some of the lavish features. You should call your insurance agent to know the coverage of your insurance policy. You should not sign the deal before complete confirmation as it will charge you extra.

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6. Get A Club Membership

Most of the car rental service offers you to join their membership. The purpose of joining a club is that you pay a good amount to join the club. It adds a big amount in their bank along with a confirmed and long term customer. In return, you are given numerous offers that save money.

7. Pack The Additional Items You May Need

Most of the car rental service providers charge you for the extra items you need; like the safety kit for your children. So, if you are already having the one, you should carry it with you. It will help you ensure your children’s safety as well as save you from the extra charges.

Money can be easily saved when travel is planned wisely and smartly. Whichever car rental service you hire for your task, consider the points mentioned above and have a painless experience. These little hacks can help you undergo a healthy experience for your bank account.

Featured photo credit: Johore Car Rental via jb-carrental.blogspot.com

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Adnan Manzoor

Data Analyst & Life Coach

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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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