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14 Ways You’re Wasting Money on DoorDash and How to Stop

July 3, 2024 By Latrice Perez Leave a Comment

DoorDash is a convenient way to get food delivered right to your door, but it can also lead to unnecessary expenses if you’re not careful. Here are 14 ways you might be wasting money on DoorDash and practical tips to help you save.

1. Not Using Promo Codes

Promo codes are frequently available but often overlooked. By taking a few minutes to search for current promo codes, you can save a significant amount on your orders. Websites like RetailMeNot or Honey can help you find the latest discounts.

2. Ignoring Membership Programs

If you use DoorDash regularly, consider subscribing to DashPass. This membership program offers benefits like free delivery and reduced service fees on eligible orders. The monthly fee often pays for itself after just a few orders, making it a worthwhile investment.

3. Ordering During Peak Times

Delivery fees and surge pricing can be higher during peak hours. By ordering during off-peak times, you can avoid these extra costs. Planning your meals ahead can help you dodge these higher fees and save money.

4. Not Taking Advantage of Free Delivery Offers

Many restaurants offer free delivery promotions, especially for first-time customers. Keep an eye out for these deals and plan your orders accordingly. Free delivery can significantly reduce the overall cost of your meal.

5. Adding Too Many Extras

It’s easy to get carried away with adding sides, drinks, and desserts to your order. These extras can quickly increase your total cost. Stick to the essentials to keep your spending in check.

6. Forgetting About Service Fees

Service fees are often added to your total without you noticing. These fees can add up over time, making each order more expensive than it initially appears. Be aware of these fees and factor them into your decision to order.

7. Not Comparing Prices

Some restaurants have different prices on DoorDash compared to their in-house menu. Always check the restaurant’s own website or call to compare prices before ordering through the app. This small step can save you from paying inflated prices.

8. Overlooking Pickup Options

Many restaurants offer the option to pick up your order instead of having it delivered. Choosing pickup can save you both delivery fees and tips. This option is particularly useful if the restaurant is nearby and convenient to reach.

9. Ignoring Bundle Deals

Some restaurants offer bundle deals that include multiple items at a discounted price. Look for these deals to get more value from your order. Bundles can provide a variety of food for less money than ordering items individually.

10. Forgetting About Leftovers

Ordering enough for leftovers can provide you with an additional meal, stretching your dollar further. Plan your orders with future meals in mind. This strategy not only saves money but also time on cooking and ordering again.

11. Not Using a Rewards Credit Card

Use a rewards credit card to pay for your orders. This way, you can earn points, cashback, or other rewards on every purchase. Over time, these rewards can add up to significant savings or benefits.

12. Ignoring Seasonal Promotions

DoorDash often runs seasonal promotions with significant discounts. Keep an eye out for these offers and take advantage of them. Seasonal promotions can provide substantial savings on your favorite meals.

13. Not Setting a Budget

It’s easy to lose track of how much you’re spending on food delivery. Set a monthly budget for DoorDash and stick to it to avoid overspending. A budget helps you manage your finances better and ensures you don’t spend more than you intend.

14. Forgetting to Tip Wisely

While tipping is important, over-tipping can add up. Tip reasonably based on the service and consider the delivery fee you’re already paying. Being mindful of your tips can help you save money over time.

Conclusion

By being mindful of these common pitfalls, you can enjoy the convenience of DoorDash without breaking the bank. Implementing these tips will help you make smarter choices and save money on your food deliveries. With a little planning and awareness, you can make DoorDash a more cost-effective part of your dining routine.

Latrice Perez

Latrice is a dedicated professional with a rich background in social work, complemented by an Associate Degree in the field. Her journey has been uniquely shaped by the rewarding experience of being a stay-at-home mom to her two children, aged 13 and 5. This role has not only been a testament to her commitment to family but has also provided her with invaluable life lessons and insights.

As a mother, Latrice has embraced the opportunity to educate her children on essential life skills, with a special focus on financial literacy, the nuances of life, and the importance of inner peace.

8 Tips to Avoid Wasting Money on Your Car Every Month

June 11, 2024 By Catherine Reed Leave a Comment

Maintaining a car can be expensive, but numerous strategies exist to avoid unnecessary expenses. Many car owners unknowingly spend more than they need to each month on their vehicles. By being proactive and mindful, you can significantly reduce these costs. Here are eight essential tips to help you avoid wasting money on your car every month.

1. Regular Maintenance Checks

Regular maintenance checks can save you a substantial amount of money in the long run. Simple tasks like checking tire pressure, oil levels, and brake conditions can prevent bigger, more expensive problems down the line. Keeping your car in optimal condition ensures better fuel efficiency and reduces the likelihood of breakdowns. Many drivers overlook these basic maintenance tasks, leading to higher repair bills. Schedule routine checks to avoid wasting money on unexpected repairs.

2. Use Quality Parts and Fluids

Investing in quality parts and fluids for your car can prevent frequent breakdowns and extend its lifespan. While cheaper options may seem cost-saving, they often lead to more significant issues and higher expenses over time. High-quality oil, filters, and other essential components ensure your car runs smoothly. Using inferior parts can cause damage to other systems in your vehicle, resulting in costly repairs. Avoid wasting money on repeated fixes by opting for reputable brands and products.

3. Drive Efficiently

Efficient driving habits can drastically reduce fuel consumption and lower monthly expenses. Rapid acceleration and hard braking put extra strain on your vehicle, which elevates costs. Plus, excessive idling wastes fuel, potentially up to ½ gallon per hour. Smooth, steady driving not only improves fuel efficiency but also minimizes wear and tear on your car’s components. Plan your routes to avoid heavy traffic and use cruise control on highways to maintain a constant speed. These minor adjustments can significantly affect fuel costs, helping you avoid wasting money on excessive gas consumption.

4. Shop Around for Insurance

Car insurance can be a significant monthly expense, but shopping around for the best rates can lead to substantial savings. Different insurers offer varying rates based on your driving history, vehicle type, and other factors. Comparing quotes from multiple providers allows you to find the most affordable option. Consider bundling your car insurance with other policies, like home or renters insurance, to receive discounts. Regularly reviewing and adjusting your coverage can ensure you’re not wasting money on overpriced insurance premiums.

5. Avoid Unnecessary Upgrades

While installing the latest gadgets and accessories in your car might be tempting, these upgrades can add up quickly. Many of these enhancements offer little practical benefit and can lead to higher initial costs and maintenance expenses. Focus on necessary repairs and improvements that enhance your vehicle’s performance and safety. Unnecessary upgrades often depreciate and do not provide a good return on investment. Being mindful of your spending on car modifications can prevent you from wasting money on frivolous items.

6. Perform DIY Repairs When Possible

Learning to perform simple DIY repairs can save you a lot of money on labor costs at the mechanic. Tasks like changing the oil, replacing air filters, and swapping out wiper blades are straightforward and require minimal tools. Numerous online resources and tutorials can guide you through these processes. Not only does this save money, but it also gives you a better understanding of your vehicle’s mechanics. Taking on basic maintenance tasks yourself helps you avoid wasting money on professional services for minor issues.

7. Monitor Fuel Prices

Fuel prices vary significantly from station to station, and keeping an eye on these fluctuations can lead to considerable savings. Use apps and websites that track fuel prices in your area to find the cheapest options. Filling up at the right stations can save you a few dollars each time, which adds up over the month. Additionally, consider joining loyalty programs that offer discounts or cashback on fuel purchases. Being strategic about where and when you buy fuel can prevent you from wasting money on unnecessarily high prices.

8. Keep Your Car Clean

Regularly washing and waxing your car can protect its paint and prevent rust, preserving its resale value. A clean car not only looks better but also runs more efficiently, as dirt and grime can affect aerodynamics and engine performance. Interior cleaning prevents wear on seats and controls, maintaining the vehicle’s overall condition. Avoiding costly repairs due to neglect keeps your car in good shape and reduces depreciation. Investing a little time in cleaning can help you avoid wasting money on cosmetic and functional damage over time.

Take Advantage of These Tips to Avoid Wasting Money on Your Car!

By following these tips, you can significantly reduce the amount of money you spend on your car each month. Regular maintenance, efficient driving, and being mindful of your spending on upgrades and insurance are key strategies. Embrace these practices to keep your car running smoothly without draining your wallet. Small changes in how you care for your vehicle can lead to substantial savings and a more enjoyable driving experience.

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Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

How Much Should I Spend on a Car if I Make $100,000?

June 6, 2024 By Catherine Reed Leave a Comment

“How much should I spend on a car?” is a big question that’s not always easy to answer at first. Deciding how much to spend on a car can be challenging, especially when considering a $100,000 annual income. While it’s tempting to splurge on a luxurious vehicle, it’s essential to balance this desire with financial prudence. Factors such as debt, savings goals, and overall budget play significant roles in determining the appropriate expenditure on a car. Here are some guidelines to help you make an informed decision about how much to spend on a vehicle.

The 20/4/10 Rule

The 20/4/10 rule provides a practical guideline for car purchasing. According to this rule, you should aim to put down at least 20% of the car’s price as a down payment, finance the car for no more than four years, and keep your monthly car payment (including insurance) under 10% of your gross monthly income. For someone earning $100,000 annually, this means a maximum monthly car payment of approximately $833. This rule helps ensure that you don’t overextend yourself financially.

Considering Other Expenses

When answering, “How much should I spend on a car?” consider all related expenses, not just the sticker price. Monthly payments, insurance, maintenance, and fuel costs should all fit comfortably within your budget. On a $100,000 salary, it’s crucial to factor in these additional costs to avoid financial strain. A comprehensive budget will help you make a realistic assessment of what you can afford.

Financial Priorities and Goals

Evaluate your financial priorities and long-term goals before making a car purchase. Are you saving for a house, planning for retirement, or building an emergency fund? Allocating too much money to a car can hinder your ability to achieve these goals. Ensuring that your car budget aligns with your broader financial objectives is key to maintaining financial health.

Total Cost of Ownership

The total cost of ownership (TCO) includes more than just the purchase price of the car. Depreciation, fuel, insurance, maintenance, and repairs all contribute to the TCO. Research the TCO of different car models to understand their long-term costs. This approach helps you avoid unforeseen expenses and ensures you choose a car that fits your financial situation.

New vs. Used Cars

Deciding between a new or used car significantly impacts how much you should spend. New vehicles depreciate rapidly, losing a significant portion of their value within the first few years. A used car, particularly one that is two to three years old, can offer better value and lower depreciation rates. Considering a used vehicle can help you get more for your money while adhering to your budget.

Leasing vs. Buying

Leasing a car might be an attractive option if you prefer driving newer models and want lower monthly payments. However, leasing comes with mileage limits and potential fees for excess wear and tear. Buying a car, on the other hand, provides ownership and can be more cost-effective in the long run. Evaluate the pros and cons of leasing versus buying to determine which option best suits your financial situation.

Emergency Fund Considerations

While answering the question, “How much should I spend on a car?” ensure you have sufficient emergency funds before making the purchase. Financial advisors typically recommend having three to six months’ worth of living expenses saved. This fund provides a safety net for unexpected expenses or income loss. Prioritizing your emergency fund can prevent financial stress in the event of unforeseen circumstances.

Avoiding Overextension

It’s easy to get carried away with the allure of a high-end vehicle, but it’s crucial to avoid overextension. Spending too much on a car can lead to financial stress and limit your ability to enjoy other aspects of life. Aim to strike a balance between a vehicle that meets your needs and one that allows you to maintain a comfortable lifestyle. Staying within your means is essential for long-term financial stability.

Resale Value

Consider the resale value of the car you’re interested in. Some vehicles retain their value better than others, which can significantly impact your financial position when it’s time to sell or trade in. Research the resale values of different models to make a more informed decision. Choosing a car with a high resale value can provide better long-term financial outcomes.

Insurance Costs

Insurance premiums vary significantly based on the car’s make, model, and age. Luxury or high-performance vehicles often come with higher insurance costs. Obtain insurance quotes for the cars you’re considering to ensure the premiums fit within your budget. This step helps you avoid surprises and ensures you can afford the total cost of ownership.

Fuel Efficiency

Fuel efficiency is another critical factor to consider when determining how much to spend on a car. Cars with better fuel economy can save you significant money on gas over time. Evaluate the fuel efficiency ratings of different models to find a balance between performance and cost savings. Opting for a fuel-efficient vehicle can reduce your overall transportation expenses.

Personal Preferences and Needs

Finally, consider your personal preferences and needs when deciding how much to spend on a car. Do you prioritize luxury features, or are practicality and reliability more important? Assessing your driving habits, lifestyle, and priorities will help you choose a car that suits you without overspending. Making a thoughtful decision based on your unique circumstances will lead to greater satisfaction with your purchase.

You Can Figure Out, “How Much Should I Spend on a Car if I Make $100,000?”

When determining how much to spend on a car with a $100,000 income, consider these guidelines and factors to make a well-informed decision. Balancing your desire for a new vehicle with your financial responsibilities and goals ensures that you make a purchase that enhances your life without compromising your financial health. Making smart financial choices today will provide stability and flexibility for the future.

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