Car Archives - Optio Money

4 Things to Know Before Buying Car Insurance

Insurance / By Contributing Author / 3 minutes of reading

If you plan to buy insurance for your new vehicle and are not sure where to begin, you have come to the right place. Getting your vehicle insured right after the purchase is mandatory as it is illegal to roam around on roads in an uninsured car. It doesn’t matter whether you are buying a brand new car or an old model; you have to get it insured right away. However, when it comes to purchasing insurance, it is not as simple as it sounds. There are several different types of coverages out there, and you have to choose wisely depending on your individual needs. Here are a few things that you must know before buying car insurance in Canada.

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Frugal Finance: 5 Thrifty Tips to Lower Your Family’s Expenses

Saving / By Tim McMahon / 3 minutes of reading

A common problem many people notice is that their household expenses over time gradually begin to creep up. Not only is the cost of living going up, but we slowly begin tacking on unnecessary expenses. But that doesn’t mean that you can’t save money. 1. Drive Less The average household

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Crash and Burn: How to Handle the Lost Wages after a Car Accident

Insurance / By Contributing Author / 3 minutes of reading

According to the Center on Budget and Policy Priorities, “Spending by state and local governments on all types of capital [improvements: like highways] dropped from its high of 3 percent of the nation’s gross domestic product (GDP) in the late 1960s to less than 2 percent in 2015.” Thus most roads

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Bad Credit: What You Need to Know About Buying a Car with Poor Credit

Credit / By Contributing Author / 2 minutes of reading

Bad credit is generally defined as a credit score in the low 600’s, specifically at or under 629. There are many reasons that can contribute to low credit, but the bottom line is that if you don’t have a good credit score, it can be difficult to purchase the items

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Building Credit: Tips for Buying Smart on Your First Car

Credit / By Contributing Author / 4 minutes of reading

Buying your first car is a great way to start building credit. Even if you have cash in the bank, a car loan will establish your credit history for the future. Many first car purchases must deal with a zero or blank credit score. Unlike the person with poor credit,

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