RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Invest Gas Savings into Your Vehicle

March 31, 2015 12:30 am

If your wallet feels a little heavier these days, it’s probably because you’ve been spending a lot less at the pump. Did you know that if you spend some of those gas savings on auto care you can save even more in the long run?

“Gas prices are lower than they have been for nearly six years and that means big savings for motorists,” says Rich White, executive director, Car Care Council. “Add to that a proactive auto care plan and you will not only save more now, but as gas prices start to rise again, you’ll save later.”

The Car Care Council encourages motorists to put those gas savings to good use with these tips:

Motor Oil: Improve gas mileage by 1-2 percent by using the grade of motor oil recommended by the manufacturer.

Air Filters: Replacing clogged air filters on older vehicles can improve fuel economy and will improve performance and acceleration on all vehicles.

Gas Cap: Damaged, loose or missing gas caps allow gas to vaporize into the air.

Fix It: Addressing a serious maintenance problem, like a faulty oxygen sensor, can improve mileage by as much as 40 percent, according to FuelEconomy.gov.

In addition to vehicle maintenance, modifying driving habits, such as observing the speed limit and avoiding quick stops and starts, can also increase fuel efficiency. Consolidating trips, avoiding excessive idling and removing unnecessary items from the trunk are also easy ways to lower fuel consumption.

Source: Car Care Council

Published with permission from RISMedia.


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Middle-Class Households Best at Saving

March 31, 2015 12:30 am

More than one-third (35 percent) of middle-class households with an annual income between $50,000 and $74,999 are saving more than 10 percent of their incomes, a rate that outpaces even the highest-income households, according to a recent report by Bankrate.com. However, just half of Americans are saving no more than five percent of their incomes. Roughly one in five (18 percent) are saving nothing at all.

“This proves the old adage that what counts isn’t how much you make, but how much you have left over,” says Greg McBride, chief financial analyst for Bankrate.com.

Overall, fewer than one in four Americans (24 percent) are saving more than 10 percent of their incomes. That figure includes 14 percent (one in seven) who are saving more than 15 percent.

Those in the western U.S. are out-saving their counterparts elsewhere; 31 percent of westerners are saving more than 10 percent of their incomes, compared with just 20 percent of southerners. However, just 19 percent of westerners aren’t saving anything.

Source: Bankrate.com

Published with permission from RISMedia.


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