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5 common car maintenance mistakes to steer clear of

5 common car maintenance mistakes to steer clear of

A car is a significant investment, so you must pay attention to its maintenance to ensure it runs smoothly for years. Moreover, the older a car gets, the more upkeep, care, and maintenance it requires. Otherwise, you may have to shell out more for repairs and damages. So, one must ensure they regularly get their car checked by a professional and know these common car maintenance mistakes to steer clear of.

Forgetting to check the tire pressure
Most car owners think the purpose of checking tire pressure is to avoid flat tires. While this is a reason enough, looking at the fuel economy is also essential. When the tires lack air, the car will consume far more gas than necessary. So avoid this maintenance mistake, and check whether the tires’ air pressure is optimal with a fuel gauge. The pressure should be as indicated in the owner’s manual. Another common mistake is forgetting to do tire rotation regularly. This will help the tires last longer.

Forgetting to do oil changes
In the case of a new car, there is minimal need for oil changes. So most new car owners ignore this aspect during regular car maintenance. However, even a new car requires engine oil changes every 8,000 to 10,000 miles. Changing the engine oil every 3,000 miles is recommended for older cars. Not doing so will cause damage to the engine, and you may end up paying more.

Neglecting to change or inspect the brakes
Changing the brake pads of your car can get expensive. So most people end up avoiding this. However, leaving them on longer can cause the brakes to wear down. As a result, the rotators may also get damaged. Repairing the rotators will cost more than you must pay for changing the brake pads. So don’t forget to get the brakes checked by a professional mechanic whenever there is a significant squeaking noise coming from the brakes.

Neglecting the check engine light
The common mistake most car owners commit is ignoring the check engine light. This is because the car works fine even if the light comes on. So, checking why the light is on gets delayed until a significant problem occurs out of the blue. The car will break down at the most inconvenient time. Furthermore, you may have to end up paying more to get your car running than you would have to when the check engine light came on the first time around.

Ignoring the car wash
Neglecting to do a regular car wash is a common car maintenance mistake that can be easily avoided. Make sure to schedule the clean-up of your car every week or even in a couple of weeks. This is important not only to make your car look its best but also to prevent damage to your car’s body, tires, mirrors, and interiors. This way, you will protect it from the damage caused by rain, mud, dirt, salt sprinkled on ice, and pollution.

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4 popular credit cards for college students

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What you must know about guaranteed business loans

If you’re looking for funding your small business with a loan, you’ll most likely come across the term “guaranteed business loans.” People often misunderstand this term as business loans that are guaranteed to be approved. But, this is not what guaranteed business loans means. To clarify the confusion, let’s understand what the term actually means, and discuss the most popular types of guaranteed business loans. What are guaranteed business loans? In simple terms, guaranteed business loans in the world of small business loans refer to loans that are secured or backed by a guarantee. The guarantee can be in the form of collateral, deposit, or an agreement. This essentially means that the lender is guaranteed to receive their money back even if the borrower fails to pay. When we talk about guaranteed business loans, we refer to loans with a personal guarantee or, more commonly, loans guaranteed by the small business administration (SBA). Let’s take a look at both these types. Personally guaranteed business loans As you understand from the term “personal,” when you make a personal guarantee on a business loan, you essentially agree to sell your assets to pay off the loan, if your business is unable to do so.

5 mistakes to avoid when investing in a high dividend ETF

Exchange-traded funds (ETF) have been gaining popularity in the investment sector for some time now. Along with mutual funds, they have been one of the most preferred investment options among investors. With investors having pumped in billions of dollars in ETFs by now, these funds sure seem like a lucrative investment avenue. However, financial experts suggest treading this path carefully so as to avoid unforeseeable losses. Here are a few mistakes that you can avoid while investing in high dividend ETFs: Overlooking long-term investment Looking at long-term goals is the golden rule when it comes to any type of investment. However, seasoned investors invest in ETFs on a short-term basis through a type of trading called intraday trade. This type of trading allows the investors to buy and sell stocks and other investments on the same day. However, if not thought out carefully, investing in high dividend ETFs through intraday trading can result in lower returns and higher trading costs. Buying an ETF simply based on its name This is one of the most common mistakes people make when investing in high dividend ETFs. Investors may think that an ETF’s name provides an insight into its investment reach, i.e., whether the ETF has local or/and global investors.

How to qualify for a reverse mortgage

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