Many Americans (especially younger generations) are plagued by stress over money. Two recent reports are linked below, followed by info about an app that helps people save on the unexpected expense few plan for but that many experience.
- Today American Psychological Association has just released a study that 72% of Americans have felt stressed about money within the last 30 days.
- A recent Bankrate report shows that 62% of millenials don't have sufficient savings to cover an unexpected $500 car repair.
While most young people don't plan for car repairs, they're a fact of life for most of us -- the average age of a car on the road is 11-years old, and 80% are out of warranty, and in the repair/maintenance phase, so this is relevant to just about everyone.
A great, free way for vehicle owners to save is by using Openbay, the online marketplace for car repairs, via web or mobile app. Consumers search for car repair, and receive competitive, binding quotes (not estimates) from local mechanics, and then to choose one (based on distance, ratings and price), schedule service and pay on Openbay.
Openbay is the only product of its kind that allows comparison shopping and booking nationwide. Because users receive an average of four quotes per service request, they are able to save up to 50% on car repairs.