Prudent and Practical

September 29, 2009

3 Ways to Make Money Driving

Filed under: Featured,money — Tags: job, money, saving money — K @ 8:51 PM

Recently I ran across an interesting car question on a forum I frequently visit.  I got to wondering how you can make money by driving.  Some of these options use your own car, others don’t.mercedes car wheel 300x199 photo 3 Ways to Make Money Driving

1 – Be an Independent Contractor. Here I’m talking specifically about being an errand runner.  You can do small jobs for the elderly, new moms, and busy people.  Jobs might be getting groceries, going to the post office, or delivering items around town.

2 – A new concept to me is having your car wrapped.  The company puts a high quality removable advertisement over your entire car.  One company that does this is Car Wraps.  There are quite a few other sites that offer this, so do your research before applying.  It may take days or months to get picked.  Some clients are picky about the size and type of car  that will bear their ad while others require you to drive a certain number of miles.  If you have a unique automobile, drive a lot, and live in a big city, you have a better chance of getting picked.  The ad may need to be on your car from a couple months to a couple years and you can get paid up to $900 per month!  Like mystery shopping, do not pay a site to give you a list of companies.

Of the five companies, I only found Better Business Bureau reports for two of them.

There are three directories that apparently list smaller, regional car wrap companies.  I’m leery of paying for directory listings since I’ve been scammed before, so I have not paid to check them out.

3 – A way to make money driving is to be a test driver for car dealerships.  I first read about this on Centsible.net.  You can make $25-$50, usually in the form of gift cards, per drive.  I signed up for a couple companies newsletters and haven’t heard anything in over one year, but I do live in a smaller town.  According to Centsible:

You will need to get on the mailing lists of these car manufacturers, and read what they send you! Be sure to enter all competitions put on by these automobile manufacturers, and keep up to date on our forums. We have two boards on test driving: one where you can sign up online for test drives, the other where you can get a heads up on offers that are arriving in the mail.

Bonus -  This last idea is not a money making idea but a money saving idea.  I still  have not fixed my car.  D’s parents mentioned recently that if we’re not driving it, to shut the insurance off until we decide to start using it again.  This would save us approximately $40 per month.  I wish I would have known about this before as we could have saved almost $200 by now.  Since mystery shopping has slowed down with the economy, I only use D’s car for the big jobs once or twice per month, so being a one car household is currently working for us.  I left a message for my insurance agent, so I’ll let you know what they say when I hear back.

I hope I’ve opened your eyes a little and given you some ideas on how to put some extra cash in your pockets.  If you have other ideas not listed here or opinions, I’d love to hear from you!

Photo courtesy of Free Digital Photos.

May 28, 2009

Cut 9 Years off of Your Mortgage

Filed under: saving money — Tags: debt, discounts, home, money, save money — K @ 5:00 PM
True North Mortgage store front
Image by k-ideas via Flickr

Due to the recession, we’re unsure how long we’re staying in our current home.  We continue to make improvements to our home so it’s ready to be sold when the market starts looking up.  While talking about this with my mom, she informed me of a way to cut years off of our mortgage.  She’s currently taking advantage of this “deal”.

Instead of paying your mortgage once per month, pay 1/2 the amount every two weeks!  Simple as that.  This cuts your mortgage down because instead of making only 12 payments, you’re making 26 half-payments (52/payments every 2 weeks) equal to 13 full payments.  So you end up making one extra full payment spread over the course of the year.  This will not work if you make payments twice per month, which would be the same as 24 half-payments or 12 regular payments.

One trick to this is that you need to be aware of is that your bank will charge you a fee to set up automatically deducted bi-weekly payments.  You can avoid this fee by dropping the payment off in the mail or at the bank.

Now I know this doesn’t sound like it will work.  Another trick is that when you make those two extra half-payments, tell the bank to apply those amounts to the principal, not the interest.  This will really take a chunk out of your mortgage!

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April 27, 2009

How Much Will I Make When I Graduate?

Filed under: General — Tags: job, money — K @ 1:39 AM


Cool climate greenhouses extend the growing season
Image via Wikipedia

So, I”m finishing up my bachelor’s degree in a couple weeks.  After seven years, three different majors, three different colleges, and quitting school once for six months, I will finally have my B.S. in Horticulture!  Horticulture is the study of cultivated plants, similar to botany, but a wider field.  Common jobs include working for major corporations doing research (think Monsanto, Syngenta, and Pioneer), landscape design, landscape/grounds maintenance, greenhouse or nursery management, or golf course superintendent.  I could also work at an arboretum, botanical garden, publisher, or for the USDA.  If I wanted to continue my education, I could be a professor.

See, I know my options and I have a general idea about the job outlook.  I’m nervous about the economy though.  I’ve been looking for jobs and from everybody I’ve gotten, “Well, we’re not hiring this year.”  Economy, I think they’re saying it’s your fault!

There are a few sites that I use to find jobs:

  • Hort Jobs is for those seeking a horticulture type job
  • Indeed.com is a comprehensive search.  They cover other websites such as (Career Builder and Monster) as well as online newspaper jobs.
  • Workforce Development in my area lists a lot of cleaning, gas station, and metal fabrication jobs, but occasionally a hort-type job shows up.  Most jobs require little to no experience but frequently there are jobs that require an associates or bachelor’s degree.  I’ve found that employers in my area don’t want to hire someone who’s over qualified.

If you aren’t sure what you want to do when you “grow up,” there are a few different places where you can research a variety of college fields and the coresponding pay.

  • The Bureau of Labor and Statistic’s Occupational Outlook Handbook allows you to search for many different fields.  They have very detailed explanations of occupations as well as salary information and future outlook.
  • PayScale offers different options for checking salaries.  Jobseekers can check on pay rates depending on field and location.
  • Salary.com is similar to Payscale.
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April 15, 2009

Track Your Money Online… For Free!

Filed under: money — Tags: debt, free, manage, money, online — K @ 12:36 AM
337/365: The Big Money
Image by DavidDMuir via Flickr

I thought I was quite organized with my business finances… until I did self-employment business taxes for the first time this year.

Although  I kept everything organized, it wasn’t enough and I had a lot of papers to go through to verify some things.  I worked for quite a few companies but didn’t make enough to warrant a 1099 form.  So, I went on a search for free money trackers – something that could be just for my business expenses.  I could not find a site used only for businesses, but there isn’t any reason why the following sites could not be used.

  • Mint is a free service that allows you to track your money without having to download it to a program – it downloads your information automatically every night and it only takes 5 minutes to set up.  If you decide to add your credit cards, it will analyze them to see if you could be saving money with another card.  The site also picks out the best credit card for you based on your budget and where you shop the most.  With Mint, you can set up a budget and apply your savings to your highest interest rate credit card balance.  The program allows you to track car payments, retirement funds, investments, and student loans.  After looking into it, I may use this for my student loans, which I have a lot of and through more than one company.  The good thing about this is that Mint will analyze my student loans to see if I can get a better deal by consolidating through a variety of lenders.
  • Quicken Online allows you to track your accounts and also make a budget.  You can even track your finances on the go through your cell phone.  Although a perk of this service is that you can set up automatic reminders for upcoming payments, that’s something you can do through Google Calender or your own credit card companies.  Like Mint, registration is free and takes only 5 minutes.
  • Wesabe a free service as well and is supposed to be for for those new to finance tracking,  You “tag” your purchases to track where your money is going.  A lack of tracking  options are a disappointing feature of this free service – you can go to Quicken or Mint for more tracking options.  But a unique plus side is that they have a community area – people review financial products and advisers are available for questions.

I’m signing up with Mint, due to the student loan options.  It seems like that site will help me get the most out of my finances.  I’m wondering if any of you have tried either of these services.  Have you tried one that’s not listed?  Do you like it or not and why?

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February 27, 2009

Creative Ways to Make Money Part 4: Miscellaneous Jobs

Filed under: money — Tags: job, money — K @ 1:32 PM

This final installment of Creative Ways to Make Money explores more traditional jobs as well as some non-traditional jobs.  Please see important information following the job sections.  There you will find some tips for making money on your own, a warning about scams, and some good resources!

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