Precision Redefining the Performance of Automobiles

Automobiles are the one of the most luxurious consumer goods as these require lots of capital investment. The automobiles add lavishness to the living standard of an individual. Moreover, it is very essential to maintain the performance of the automobiles through regular servicing at the servicing stores. No matter, if you have a corporate automobile, luxury automobile or similar, there is maintenance service center available for all. It is highly advisable to use branded products and accessories in the automobiles to ensure excellent performance for long duration of time. Moreover, there are vendors in the market, who are primarily engaged in the dealing of branded automobile instruments.

The automobile instruments are designed basically to meet the maintenance requirements of various branded automobiles. The instruments are available in varied standard sizes to exactly meet the requirements of the automobiles. Various national as well as international potential buyers place orders for the branded instruments as that helps in maintaining the excellent performance level of the automobiles. The instruments are also available in varied specific dimensions as per the specifications provided by the buyers in order to meet the exact requirements of the buyers.

With consistent research and development, there have been introduction of various newly developed instruments in the array of automobile instruments. The array consists of track drive motor, charging pump, winch drive, timing pulley, worm gear box, sprockets and many other. The unmatched quality and excellent performance of the products have attracted domestic as well as international buyers to place bulk orders. Moreover, these equipments are easy to install in the automobiles and thus, require low maintenance cost. If branded products are used, the performance level of the automobiles gets enhanced.

The vendors for the products like track drive motor, charging pump, winch drive, timing pulley, worm gear box, sprockets, etc., use premium quality materials in the manufacturing that ensures notable features like high durability, tensile strength and resistivity to adverse conditions. Features like easy installation and low maintenance cost have also played a vital role in the enhancement of the demands of these products in the global market. There are some vendors, who also specialize in providing customized products as per the specifications and drawings provided in the buyers. The reasonable price is also one of the factors responsible for steady growth in the worldwide market. Moreover, these instruments and equipments are ideally designed to meet the requirements of the automobiles and help in the enhancement of the performance level.

Financial Skills – Opening a Bank Account

I was surprised when I asked parents to tell me the life skills they wish their kids knew, and there was a resounding request for kids to learn how to open a bank account.

Similarly, there was a huge call out for:

How to budget & balance accounts
How to write checks and pay bills
And how to start saving for retirement

It seems some of the things we take for granted are, as a result, missing from what we teach kids.

This article is the first article in the four-part series and will discuss the best and simplest way to get started with opening a bank account.

It seems easy, but there are several questions many people never think of that we’ll address in this article:

Which bank?
Checking or savings account?
Are there fees or minimum balances?
Should I get a Debit Card too?
Should I have my name on the account with my kid?

1. Choosing a Bank

When you choose a bank, there are a few criteria you’ll want to look at:

Location
Number of branches
Ease of access

The location should be convenient to your home, but also have enough branches so that – in the case of an emergency – you can get to your bank.

I opened an account with Elevations Credit Union when I was attending CU Boulder. It was convenient and credit unions are really great to bank with. However, after I graduated and moved, there were no branches around me, which made things very inconvenient. I ended up opening an account with US Bank since they are in about every King Soopers, where I do my grocery shopping.

This is especially important with kids because you don’t want them to have to drive too far just to bank.

Similarly, ease of access into the branch is important. I remember having a Norwest (now Wells Fargo) account, and getting in and out of the bank’s parking lot was terrible. I had several near-miss car accidents and dreaded even going to the bank.

2. Checking or Savings Account

As you’ll learn in the future article about saving and budgeting, there should be an account that is used for saving and investing.

That means it’s important to have BOTH a checking and savings account.

The reason a checking account is important, is so that kids can learn how to write checks, and have a designated spending account aside from a designated savings account.

Checking accounts are important for paying bills (be it online or via mail) and will give kids the opportunity to learn how to write checks. Even if check writing isn’t as prevalent as it once was, it’s still important.

I was shopping one day and realized I forgot my wallet, which had my credit cards and cash. I started to panic because I needed some food. Fortunately, I keep a couple of checks in the car and was able to save myself by writing a check… they still come in handy!

3. Fees & Minimum Balances

Some banks have fees to have an account and others don’t. Obviously get the one that doesn’t since your kid shouldn’t have a huge account. Likewise make sure there isn’t a minimum balance or a very small ($10 or less) minimum balance.

Just as important is how overdrafts are handled!

When I was in college, it never failed: my peers (who hadn’t learned how to balance an account) would routinely trigger their overdraft protection and the hefty fees that went along with it.

They would look at their balance online and it would show $10. Then they’d check it again a few days later and it was at $30.

It was the magical growing bank account; and they never wondered where the extra money came from. Until the end of the month when they had over $200 in overdraft protection fees!

I would suggest NOT getting overdraft protection and instead making darn sure they can balance their account (which we’ll cover in a future article).

4. What About a Debit Card?

Here’s my thoughts on kids having debit cards: it makes it much, much harder to balance the bank account while making it much easier to overspend and run into trouble.

Are ATM machines convenient? Yes, but I have never once used one in my entire life. Part of teaching kids life skills is to teach them to be prepared. I keep an extra $10 in cash plus a few checks in my car. It wouldn’t bother me if it got stolen.

If you’re determined that your kid gets a debit card, wait at least six months after opening their account so they can learn “the old fashioned way” and understand how the debit card affects their account when they actually start using it.

5. Should I Be On The Account Too?

I think it’s a very good idea for you to be on your kid’s first account so you can monitor their spending and make sure they don’t cause a train wreck.

It’s good to get statements so that you can use that as a learning experience to go over them with your kid and teach them how to properly dispose of them (in a shredder) so that they decrease their risk of identity theft.

Come up with a time frame or benchmarks until you pull yourself off the account and let your kid take on the responsibility of an individual account.

Opening a bank account is a huge step into a new world for kids and it should be a great experience. Walk your kids through the setup and look for the learning opportunities along the way.

5 Signs You Need An Expert For Automobile Repair

Automobiles are turning into more advanced and complex since the last decade. With the arrival of electrical car technologies, with electronic fuel injection system and controlled systems, the automobiles have changed dramatically from what they used to be a few decades ago! The variety of cars which can get minor car repairs done by newbie mechanics is shrinking rapidly.

Let’s take a look at some signs that it’s time to take your automobile to an automobile repair store to avoid troubles and expensive repairs in the future.

The Automobile Is Less Than 10 Years Old

Automobiles that are newer than 10 years typically have really advanced systems. Even automobile repairs such as battery or a fuse changing, brakes replacement and common automobile service process can cause other parts of the system to operate if the right techniques are not followed.

The Repair You Are Planning Is Not In The New Car Handbook

If the car company is not advising you to try and do it yourself, it’s most likely safest not to try any repairs. If you are doubtful, it will be a better decision to call an auto mechanic to have a look at the problem first. Auto mechanic will advise you on safety points to keep in mind, if it’s seemingly that you will have to be compelled to create the fix again more in the future.

If There’s A Need To Remove Something Out Of The Automobile

Safety may be a serious issue while the repair is going on, so you need to be extra careful while doing automobile repair. While removing some heavy part out of the automobile, you are risking other parts of the automobile and yourself. It’s advised that you simply hire professional auto mechanic to perform this type of tasks.

The Automobile Repair Needs Equipment You Do Not Own In Your Garage

Contrary to common belief, not each automobile repair job will be finished by just using a shifter and sticky tape. If you do not have the right equipment to try and do the repairs yourself, the value in shopping for that tool/equipment usually outweighs the savings you were planning to make.

Your Automobile Comes With An Electronic Fuel Injection System

If your automobile has an electronic fuel injection system (and in several cases, this is often sealed in huge letters right the top, or at the side of the series name somewhere on the car body), it’s not safe to perform the repair job by yourself. Even car repairs which are not associated with the timing may throw the PC out, and might cost you a lot more money to repair at the mechanic’s than it might have cost originally.