Four DIY Projects that Waste More Money, than Save

Are you thinking about doing a DIY project just for fun? Those nifty cute Pinterest pictures do look great but they are not that easy. Watching a tutorial and creating something instead of buying it can cost you more money than you can imagine.

Sure, DIY projects are fun but they tend to get messy fast. Following are four of the worst DIY projects that will do nothing but waste your money.

1- Knitting a Sweater

Knitting is a fun way to occupy your mind or when you are trying to make a Christmas present. However, if you are knitting to make your own clothes, then think again. Those family TV shows make knitting look so easy. Even an experienced knitter takes months to complete a simple jumper. This is something you cannot learn from tutorials.

Cost of Knitting a Sweater

  • Sweet Bamboo Yarn (Nine Balls) — £65
  • One Pair of Needles — £5.99
  • Crochet Hook — £1.79
  • One Pair of Double Pointed Needles — £3.99

Total Cost — £76.77

Cost of Buying a Sweater

  • Muscle Fit Jumper — £15
  • Cotton Cashmere Cardigan — £35
  • Lambswool Sweater — £40

2— Making Candles

Those Beefayre Linden Blossom candles are expensive but if you are thinking you can make them yourself then sadly you are wrong. The supplies involved in candle making are not ones that you have lying around in your house. The price of buying those items is double of buying a scented candle.

DIY Cost of 16oz Candle Jar

  • Soy Wax — £8
  • Dye — £2.5
  • Fragrance — £3
  • Mason Jar — £2.31
  • Wicks — £3

Total Cost — £18.81

Store Candles

  • Yankee Candle — £1.11
  • Village Candles — £4.29
  • Flame Homeware — £4.99

3— EOS Lip Balms

Lip balm is one of those essentials, which every man and woman keeps in their bag. It is a must in summer and winter. Nothing makes a smile better than smooth lips. So, naturally people try making lip balms at home. However, the oils included in lip balms are way more expensive.

DIY Cost of Lip Balm

  • Beeswax — £3.23
  • Shea Butter — £6.99
  • Coconut Oil — £6.98
  • Olive Oil — £4.99
  • Jojoba Oil — £9.95
  • Lip Balm Containers — £3.99

Total Cost — £36.13

Store EOS Lip Balm — £5.99

4— Tree Removal

Watching a tree removal DIY tutorial on YouTube may not be the best thing for you. This is some dangerous work and you can end up injuring yourself. Not only does the process require various tools, it also requires intensive labor. You cannot exactly leave tree branches lying around just because you are tired.

DIY Cost of Tree Removal

  • Electrical Chainsaw — £50
  • Ladder — £54.99
  • Axe — £10.50
  • Wood Chipper — £350

Tree Removal Service — £200

Doing DIY projects at home are fun and people can learn from them a lot. However, the rewards outweigh the risks unless you are a professional.…

Bad Credit Car Loans

Have you filed for bankruptcy? Fallen behind in your credit card payments?  Or are you self-employed? If any of this is true for you, you are a risk to lenders. They will be less likely to accept your application for a car loan and this can pose a problem for you.

However, having bad credit should not jeopardize your need for a car loan. You can still qualify for a bad credit car loan, as there are companies that finance people with bad credit and help them purchase a car. If you acquire one, you can see your credit card score improve, but where should you start? Here are some tips to help you acquire a car loan even with bad credit:

1.      Search for Lenders

Do not call up one lender, but call up as many as you can. Even though most of them will reject giving you a loan, you should not give up trying to find.  Some lenders may see your damaged credit card score in a positive light than others and may qualify you for an auto loan. There are companies that are specifically set-up to provide auto loans to people with bad credit. You can try them as well.

2.      Begin Your Search Close to Your Area

You need to search in your area to find a lender willing to accept your loan application. You need to visit your bank and your credit union. Apply for a loan at the bank first and if they do not give it to you, visit your credit union. Moreover, find out if your insurance company or your employer provides auto financing.

3.      Target Your Search Specially to Car Loan Companies

As mentioned before, some companies cater to a target audience with bad credit. They provide car loans to people who are unable to acquire a loan from their bank or credit union. These sources are known for giving out car loans more than any other type of loans. These include regional banks, local banks, and reputable online lenders.

4.      Choose Lowest Percentage over Shortest Payment Plan

When shopping around for a car loan, you need to look for the lowest percentage over the shortest payment plan. The lenders may advise you to take out a loan extending over a long period, but do not become sidetracked and take it. If the only way you can make the car loan payments is by taking out a loan for a long period, take it.

5.      Do Not Fall for the Yo-Yo Scam

The yo-yo scam occurs when the lender informs the person they need to make more monthly payments or they have increased their down payment after a few weeks or days. Victims of the yo-yo scam tend to pay five points more in interest rates than a person who is not a victim.

You can get a car loan with bad credit, but you will have to conduct extensive research to find the best one.…