Founded by — you guessed it — German settlers in the mid-19th century, Germantown is one of Nashville’s most beloved gems.
Don’t get it confused with the city of the same name outside of Memphis, unless you want your GPS to take you all over Tennessee and back. The views on such a trek would be pretty, but talk about a waste of gas!
Where is Germantown in Nashville?
Germantown is an 18-square-block area just outside of downtown Nashville proper.
With its beautiful tree-lined streets, it looks like something right out of a movie. The ZIP Code for Germantown is 37208, but that numeric designation also includes nearby Salemtown.
Here’s a helpful map to give you a visual idea of where Germantown, Nashville is in the rest of middle Tennessee.
Source: Rent.
Germantown overview
To put it mildly, Germantown’s got it going on. A stone’s throw from Downtown, Germantown is one of the most desirable areas to live.
Historic charm? Check. Truly excellent dining? Check. Proximity to healthcare, jobs and entertainment? Check, check and check. These factors all affect rent prices, though, so check out some helpful numbers to determine if Germantown is the right place for you:
One-bedroom average rent: $1,536
Two-bedroom average rent: $2,221
Walk score: 69
Bike score: 62
Transit score: 49
Living in Germantown
Germantown is ideal for those who long for stroll-friendly streets and easy access to virtually all of Nashville, but who don’t mind paying a rental premium. Like most cities, there are some pros and cons to calling Germantown home, use these details to weigh your preferences:
Demographics
The vast majority of Germantown residents are between the ages of 20 and 44, with a smattering of other age groups sprinkled in. It’s also an area full of couples and/or roommate situations, with most homes made up of two people. The vast majority of residents don’t have children, so it’s probably not ideal for young families interested in lots of playdates.
Almost everyone has at least an associate’s degree or higher.
Education
Schools in Germantown are hit or miss, with some low-to-mid-range rated schools sprinkled in with a few well-regarded magnet options. However, magnet schools are generally application- and/or merit-based, so they’re not a sure thing.
If you do have school-age children be sure to find out zoning rules and designations. Check school ratings on a site like GreatSchools.org.
Safety
The good news is that violent crime is on the decline in Germantown, however, they remain 13 percent higher than the national average.
Crime rates in Germantown are 18 percent lower than the national average, and the neighborhood is safer than 85 percent of other areas in Tennessee. Still, it’s best not to go taking unnecessary chances walking around alone in the middle of the night, ‘kay?
Transportation
Germantown is pretty walkable and somewhat bike-friendly but found lacking in the public transportation department. Indeed, this is a complaint many people have about the general Nashville area.
Fortunately, commute times for residents are usually less than a half-hour. This is really saying something since the Nashville area is legendary for painful commutes. Just ask anyone who comes in from the ‘burbs.
Recreation
With world-renowned dining options such as City House located in Germantown, eating out is a popular option for locals. Shopping is also a beloved pastime for Germantown residents, whether for produce and other goods at the daily Farmers Market or in one of the locally-owned boutiques.
Attractions
Bicentennial Capitol Mall State Park is also in the neighborhood, and its walking paths and historic monuments are extremely popular. Tours, “how-to” classes, bonfires and many other events are also planned year-round.
Germantown is also close to everything that the downtown area offers, from honky-tonks to swank speakeasies.
10 things to do in Germantown
Germantown has everything a person could want for a day out, no car required! Take in some of these quintessentially Germantown Nashville experiences to truly get a feel for what this eclectic neighborhood is all about.
Stop by Bicentennial Capitol Mall State Park for a quick how-to class on a topic like cold weather survival.
Celebrate the area’s heritage with a pint or two of German draft beer at Von Elrod’s.
Grab some fresh fish to cook for dinner at Little’s Fish Company.
Look for treasures at Bits & Pieces Antique Boutique.
Check out the “Friendly Whale” mural on Monroe Street.
Participate in a group fitness class at CODE.
Nosh on delectable baked goods at Christie Cookie Co.
Take the kiddos to storytime at the Tennessee State Museum.
No kids? Enjoy the permanent and visiting collections on display at the Tennessee State Museum.
Enjoy views of the Nashville skyline while dining at Germantown Cafe.
Finding an apartment in Germantown
Although an apartment in Germantown is probably more expensive than one out in the suburbs of Nashville, the perks of living there are too numerous to count. Start your apartment search now to get on the road to joining the ranks of Nashville’s most historic neighborhood.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory as of June 2021. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets. The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
A freelance writer based out of the Atlanta area, Alia has penned articles during her decade+ career for such sites as HowStuffWorks, TLC, Animal Planet, Zillow and many more. Her favorite things to write about include fitness, nutrition, travel, healthcare and general lifestyle topics. A graduate of the University of Georgia, Alia’s an avid Dawg, but she also loves reading, sewing, eating all things chocolate and playing sports with her husband, three boys and beloved border collie, Flash.
Princess Cruises is a U.S. cruise line owned by Carnival Corp., which also owns and operates other lines including Carnival, Holland America and Cunard.
First launched in 1965, Princess Cruises offers passengers the opportunity to sail all over the world, including to North America, South America, the Caribbean, Europe, Asia, Australia and Antarctica.
About Princess Cruises
Here’s a quick overview of some of Princess Cruises’ key features.
Cabin types: Princess Cruises ships feature room types that are standard across most cruise lines. These include interior, ocean view, balcony, mini-suite and suite rooms. Princess Cruises’ inside rooms are contemporary and well-furnished, as are its higher-end offerings.
Main U.S. routes: You’ll find Princess Cruise ships throughout the U.S., though routes are heavily season-dependent. Look for Caribbean cruises out of Fort Lauderdale, Florida, and for destinations along the West Coast, out of Los Angeles.
Loyalty program: Captain’s Circle is the name of Princess Cruises’ loyalty program, which provides elite benefits based on how much you’ve cruised with the line.
Princess Cruises destinations
Princess Cruise offers a large array of itineraries and destinations. Its sailings range in length from two-day getaways to a 116-day journey that travels around the globe, and it stops in seven continents and 330 ports of call.
Princess Cruises prices
Princess ships tend to be a little more upscale than some other options, which means it can be more expensive to travel on one. However, that doesn’t mean you’ll necessarily be paying luxury prices.
Prices for rooms can vary dramatically based on when you travel. The cost is higher during the holidays. For example, a seven-day Western Caribbean cruise leaving from Fort Lauderdale can cost as little as $548 for an interior room. However, if you’re traveling during the winter holidays, the price skyrockets up to $1,178 for the same room.
What is the best Princess cruise ship?
There are a total of 15 vessels on this cruise line, with two more ships planned for sailings in 2024 or later.
Many of the line’s ships score well with reviewers, including the Discovery Princess ship, which is one of six Royal Class vessels. These vessels feature a larger atrium (the social hub of the ship), private poolside cabanas, a glass-bottomed over-water SeaWalk and more staterooms with balconies.
What is the newest Princess Cruises ship?
The Discovery Princess is the newest ship. It debuted in 2022 and can carry up to 3,660 guests. However, according to Princess Cruises news, the Sun Princess will soon take the title of newest ship with its inaugural voyage in 2024.
What’s included in a Princess cruise
Here’s what comes with each fare package on a Princess cruise:
The Princess Standard fare includes your cabin, use of facilities, all meals, snacks and entertainment.
The Princess Plus fare includes all the amenities of the Princess Standard fare but also provides Wi-Fi service to one device, crew gratuities, premium beverages (including most alcoholic drinks), fitness classes, food delivery and two nights of dining at a casual sit-down restaurant.
The Princess Premier package includes all of the above, with Wi-Fi available on multiple devices, a superior drink package, two nights of specialty dining, unlimited casual dining, a photo package and reserved seating at shows.
Princess Cruises loyalty program: Captain’s Circle
The Captain’s Circle is the loyalty program for Princess Cruises, and after you complete your first cruise, you’re automatically a member with Gold tier status.
Captain’s Circle levels
The Captain’s Circle levels are Gold, Ruby, Platinum and Elite. Here’s how to reach each tier as well as the benefits you’ll receive.
Gold
How to earn: Complete one Princess cruise.
Best benefits: Preferential pricing, members-only events.
Ruby
How to earn: Complete three cruises or 30 cruise days.
Best benefits: Vacation protection upgrade, shoreside access to priority phone line.
Platinum
How to earn: Complete five cruises or 50 cruise days.
Best benefits: 50% off Wi-Fi package, priority boarding, early access to dining reservations, exclusive member lounge, 10% discount on spa treatments.
Elite
How to earn: Complete 15 cruises or 150 cruise days.
Best benefits: Early access to new itineraries, 10% off-shore excursions, complimentary mini-bar setup, complimentary laundry services, priority embarkation and disembarkation.
(Top photo courtesy of Princess Cruises)
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
It’s now possible to activate all 5% category credit cards for the first quarter of 2024, including the Chase Freedom, Chase Freedom Flex, Discover IT, Citi Dividend, US Bank Cash+ and some smaller cards. In this post we’ll provide the activation link for each card and links to track your spend, along with strategies to help increase spend in these categories.
Dates: January 1st – March 31, 2024. Store purchases can usually be done until the last minute while online purchases should be given a buffer zone of a day or two.
Chase Freedom – Grocery, Fitness, Gym, Spa
Activation Link / FAQ / Sample Stores & Exclusions / Our original post
With the Freedom and Freedom Flex cards, activate to earn 5% back this quarter on up to $1,500 in spend at Grocery Stores, Fitness Club & Gym Memberships, Self-Care & Spa Services.
Grocery Stores – This is always a favorite since we all shop for groceries. Plus, you can max this out by purchasing gift cards to other retailers.
The terms exclude Walmart and Target, though I believe in the past readers have said that these sometimes do get classified as a grocery store.
Merchants in this category include supermarkets, merchants that offer a full-service grocery line of merchandise including a deli and bakery, as well as smaller grocery stores.
Some merchants that sell grocery items are not included in this category; for example, larger stores that sell a wide variety of goods and groceries, such as warehouse clubs, discount stores and some smaller merchants such as drugstores, and merchants that specialize in only a few grocery items.
Purchases made at gas stations from merchants who also operate grocery stores are not included in this category.
Delivery service merchants will be included if they classify as a grocery store merchant.
Fitness Club & Gym Memberships
Merchants in this category include health clubs, exercise, or athletic facilities requiring membership and offering access to services related to physical fitness, such as fitness clubs, fitness centers, fitness studios, gyms, aerobics, cardio fitness and other services such as yoga and cross fit training.
Merchants that specialize in offering personalized or therapeutic services such as massage therapy, dietary and weight management counseling and personal training are not included in this category.
In addition, some merchants that sell a wide variety of general goods, which may include fitness or athletic apparel, sporting goods, dietary food, health food or similar supplements are not included in this category.
Also, certain lodging, hotel, motel, resort and central reservation services offering access to third party facilities that include fitness clubs or gyms are not included in this category unless they classify as a fitness club or gym membership merchant.
Self-Care & Spa Services
This category includes self-care and spa services, such as massages, spa treatments, manicures, tanning, and barber and salon services, purchased at merchant locations that specialize in providing these services.
Self-Care and spa services are typically provided by licensed professionals, however, services provided by medical professionals will not qualify.
Purchases of self-care and spa services at merchants that classify their location in another category, for example spa services purchased in a hotel, will not be included unless the merchant classifies the transactions in this category.
Purchases of related products and services, for example hair and skincare products purchased at a salon or an overnight stay at a spa, will also not be included unless the merchant classifies the transactions in this category.
Tip: Click this link (login required) to check how far you are along the $1,500.
Discover – Restaurants, Drugstores
Activation Link / Our original post
With your Discover card, activate to earn 5% back this quarter on up to $1,500 in purchases at Restaurants and Drugstores.
Restaurants – always a useful category
Drugstores – many pharmacies sell gift cards for a wide variety of retailers which is an option for maxing this out
Activate to earn 5% Cashback Bonus at Restaurants and Drug Stores from 1/1/24 (or the date which you activate 5%, whichever is later) through 3/31/24, on up to $1,500 in purchases. Restaurant purchases include those made at merchants classified as full-service restaurants, cafes, cafeterias, fast-food locations, and restaurant delivery services. Drug Store purchases include those made at stand-alone drug stores, pharmacies, online pharmacies, and some pharmacies located inside of retail stores.
Tip: Login, then click this link to see you how far along the $1,500 you are.
Citi Dividend – Amazon, Streaming
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With your Dividend card, activate to earn 5% back this quarter on Amazon and select streaming services. Citi is different than the other cards in that you have a $6,000 annual cap rather than a $1,500 quarterly cap. You can get 5% back on up to $6,000 in this quarter or you can save the entire amount for a different quarter, or you can use part up each quarter.
Amazon
Select Streaming Services – Includes the following cable, satellite, and streaming providers: Amazon Prime Video, Amazon Music, Apple Music, Disney+, DirecTV Stream, ESPN+, fuboTV, HBO Max, NBA League Pass, Netflix, Pandora, Paramount+, Showtime, Sling TV, Spotify, Starz, SiriusXM, Vudu, YouTube Red, YouTube TV, and Tidal.
US Bank Cash+/Elan – Select your Categories
Activation link | Merchant List | Our Original Post
U.S. Bank Cash+ and Elan Max offer 5% cash back in two categories, up to $2,000 combined total per quarter. Keep in mind that Car Rentals was recently replaced with TV, Internet, and Streaming Services.
Here are the current options:
TV, Internet, and Streaming Services
Home utilities
Select clothing stores
Cell phone providers
Electronic Stores
Gyms/Fitness
Fast food
Ground Transportation
Sporting goods
Department Stores
Furniture Stores
Movie theaters
Tip: Login here, then scroll down and click on the red “View Your Cash+ History” button.
Bank of America Customized Cash Rewards
Our Original Post
The Cash Rewards card from Bank of America offers 3% back on one selected category, up to $2,500 per quarter. If you don’t select anything it defaults to gas. Once you selected a category for one quarter, that remains your category in the future unless you change it. Each calendar month you can change it if you’d like, but you’re always limited to $2,500 for the entire quarter.
Gas and EV charging stations (default category)
Online Shopping; this category also includes cable, streaming, internet, and phone plan
Dining
Travel
Drug Stores
Home Improvement/Furnishings
This category is especially lucrative for those who have Preferred Rewards status with Bank of America which can get you 5.25% back on one of these categories at the higher relationship level.
Lots of useful categories here. Important note: the Cash Rewards card also offers 2% back at grocery stores and wholesale clubs up to $2,500 per quarter, and that $2,500 limit combines with the Category Selection limit. After spending $2,500, you’ll earn 1% back on everything.
Other Cards with 5% Category
Nusenda FCU – ADD ME
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Earn 5% this quarter on up to $1,500 in purchases on ADD ME
This is on top of the regular 1% for a total earn of 6% back. (apparently no longer the case?)
Abound CU – ADD ME
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Abound Credit Union Visa Platinum card offers 5% on up to $2,000 on ADD ME purchases.
Langley FCU – Grocery, Wholesale & More
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Langley Federal Credit Union offers 5% back each month in one selected category, on up to $100 cash back total ($2,000 spend).
The category options at time of this writing: Streaming Services, Internet, Cable, Groceries & Wholesale Clubs, Department Stores
Vantage West [AZ] – Select your Category
Landing Page | Our Original Post
Get 5x points on the category of your choice, up to $1,500 per quarter. Eligible categories:
Safe Credit Union Cash Rewards Visa card offers 5% this quarter on your choice of one category each quarter (with no apparent limit). This quarter the categories are:
Want to learn how to make $1,000 in 24 hours? While it’s not as easy as making $100 in a day, you do have some options. Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level. Perhaps you’re looking for extra money…
Want to learn how to make $1,000 in 24 hours?
While it’s not as easy as making $100 in a day, you do have some options.
Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level.
Perhaps you’re looking for extra money to pay for an unexpected bill that popped up (like a car repair or medical bill!), or maybe you’re just looking to increase your income by having a $1,000-a-day income goal.
Key Takeaways
The fastest way to make $1,000 quickly is to sell stuff from around your home, like electronics, jewelry, or nice furniture.
Freelance jobs like consulting and writing can pay a high income.
Jobs in the gig economy, like driving or delivering, can make you money right away, and you can stack them with others to increase your daily earnings.
$1,000 a day in passive income is possible through starting an e-commerce business, a blog, and selling digital products (like a course or printable).
Best Ways To Make $1,000 In 24 Hours
Here are the best ways to make $1,000 in 24 hours.
1. Sell stuff online and near you
If you want to learn how to make $1,000 by tomorrow, then the fastest option is usually to find items in your home that you already own to sell.
This is because you already have stuff in your home (the average household has over 300,000 items!!) – so you may be able to sell something to make quick cash.
So, these would either have to be a lot of items or more expensive items. For example, you could sell clothing or gift cards, something big like a piece of furniture, electronics (maybe a gaming system or computer?), or a piece of jewelry.
Here are places where you can sell your stuff:
eBay: This site is great for unique or collectible items.
Amazon: Good for books, electronics, and almost everything. Here’s a helpful article to learn more – How To Work From Home Selling On Amazon FBA
Craigslist: The site has a wide range of categories for selling in your local area.
Facebook Marketplace: Connects you with local buyers.
Pawn shops: Quick cash for things like jewelry.
Flea markets: Rent a booth for the day and sell homemade items.
Garage sales: Set up a sale in your yard.
Poshmark: Easy online marketplace to sell clothing online.
To sell your stuff for the most money, make sure you take clear pictures, write honest descriptions (is there a tear or a stain?), price items competitively, and clean your items to make them more appealing.
And, always remember to stay safe by meeting in public spaces and avoid sharing personal information. With some effort and strategic selling, you can reach your $1,000 goal.
2. Start a blog
Starting a blog is not a quick way to make money, but it can be a stepping stone to making $1,000 in a day.
Plus, it’s my favorite way to make money online. In fact, I earn over $1,000 a day with this blog. So, I know that it is possible (don’t assume that means it is easy – it is not easy, trust me!).
Here are some steps to get started with a blog:
Set up your blog:
You’ll want to start by choosing a topic to write about, such as finance, family, travel, food, etc.
Purchase a domain name (this is basically the name of your blog).
Select a hosting service and install WordPress (you can find my tutorial for this here).
Write blog posts:
Write helpful and fun blog posts.
Publish a blog post at least once a week.
Monetize your blog:
Affiliate Marketing: Include affiliate links in your posts.
Sponsored Posts: Partner with brands for sponsored content.
Ad Revenue: Sign up for Google AdSense, Mediavine, Adthrive, or another display advertising company.
Drive traffic:
Promote your content on social media.
Engage in community related to your niche.
Guest post on other blogs to find new readers.
I recommend taking my How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
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Want to see how I built a $5,000,000 blog?
In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
3. Freelance writing
Freelance writing can be a great way to make money quickly.
I have been a freelance writer for years, and I also know of many other freelance writers who are able to earn $1,000 in a day. For a freelancer who writes high-quality articles, a $1,000 day is simply a normal day for them.
Sites like Upwork, Fiverr, and Freelancer have plenty of writing opportunities across many different industries. If you can write quality, original content quickly, it’s possible to reach your goal of $1,000 by taking on multiple writing assignments.
You could also try cold pitching, which is where you find businesses that could benefit from your writing services and send them an email about how you can help them achieve their goals with your writing.
To make $1,000 in a day as a freelance writer, you may want to focus on your existing network as well, if you have one. So, this means that you may want to reach out to former clients or colleagues who might need your writing services.
4. Real estate investing
Although real estate investing requires up-front cost and time, you may be able to build up to earning $1,000 a day.
$1,000 a day is $365,000 a year, which some real estate investors are able to earn through methods such as:
Renting out a home on Airbnb
Flipping properties for income
Investing in REITs
And more.
Recommended reading: How This 34 Year Old Owns 7 Rental Homes
5. Affiliate marketing
Affiliate marketing is my favorite way to earn money, and it helps me to earn $1,000+ a day here on this blog.
With affiliate marketing, you are promoting products or services on your website, email list, or social media account. If you get someone to sign up or purchase through your referral link, you then earn a commission.
Most products that you can think of have an affiliate program too, so there are plenty of things you can share.
Think about sharing books from Amazon on your blog, for example. You share a link to a specific book and tell your readers to buy it through your special link. Companies like Amazon like affiliates who bring in good traffic because it helps them make more sales.
Here’s a helpful article where you can learn more: What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income
6. Making money on YouTube
Creating a successful YouTube channel can lead to you making an income. While it’s unlikely to make $1,000 within 24 hours from right now, you may be able to get up to that amount by building a following on YouTube by consistently producing high-quality videos.
I know several YouTubers who are able to make $1,000 each day through their YouTube channel.
Here’s a breakdown of some different ways to make money with a YouTube channel:
Ad revenue – Once part of the YouTube Partner Program, you can earn money through ad views on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours in the past year to join.
Channel memberships – Your fans pay a monthly fee for special perks like exclusive badges, emojis, and access to members-only content.
Super Chats and Super Stickers – During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages. This is a direct way to earn as you interact with your audience.
Affiliate marketing – Promote products within your videos and include affiliate links in the video description. You’ll earn a commission for every sale made through your links.
Sponsorships – Companies can pay you to create content that features their products, especially if your content aligns with their brand, and you have an engaged audience.
7. Drive with Uber or Lyft
Driving for a rideshare service such as Uber or Lyft can make you money, but it might be difficult to make $1,000 in one day. It can help you to reach a $1,000-in-24-hours goal, though, by stacking it with other side hustle opportunities.
Also, there are things you can do like focusing on high-demand areas and driving during peak hours to increase the amount of money that you can earn.
I know of several people who only drive for these gig apps when they know that they are able to make the most amount of money. This is because you may be able to earn hundreds of dollars extra each day or week by timing when you drive.
Here’s a strategy to boost earnings:
Drive during peak hours – Surge pricing during busy hours means higher rates.
Look for driving bonuses – Look out for streak bonuses and other incentives. Uber or Lyft will list these in the app.
Manage your car expenses – Keep track of your gas, maintenance, and other costs to maximize profits.
Peak Times
Potential Earnings Boost
Rush Hour (AM/PM)
Increased Surge Pricing
Weekend Nights In Nightlife Areas
High Demand, More Rides
Events (concerts, sports games, etc.)
Surge Pricing, Bonuses
To reach your goal, you should know about your city’s traffic and when people need services. Getting $1,000 in a day is tough, but with a good plan, hard work, and a bit of luck, it’s something you may be able to work toward.
Other gigs related to this include driving for Instacart, Doordash, Uber Eats, and other food delivery services to earn cash. They won’t earn you $1,000 in a day, but they can be another way to make money.
8. Sell printables on Etsy
Designing and selling printables on Etsy, such as planner pages or art prints, is a creative way to make passive income. While reaching your goal of $1,000 quickly might be a challenge, growing your Etsy store can lead to long-term earnings.
I know of several successful printables sellers, and it is something that I would like to start one day as well. This is an area that I think will just continue to grow. Printables are very popular these days, and more and more people use them all the time. I personally buy printables all the time, and I find them very easy to use and helpful.
Printables are digital items that you can download and print at home, such as grocery shopping checklists, budget planners, wedding invitations, wall art, and more.
I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Recommended reading: How I Make Money Selling Printables On Etsy
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
9. Sell your engagement ring
Selling jewelry, such as an engagement ring, can lead to you making money fast for when you need money right away.
If you really need the money and don’t mind parting with your engagement ring, then this may be an option for you to look into.
The value of your ring will depend on several factors, including the 4 Cs — cut, color, clarity, and carat weight — of the diamond, as well as the metal type and current market conditions.
One company I recommend looking into is Worthy.
Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. They take care of everything, including appraisals and getting payment from the buyer.
You send your jewelry to them using a label they give you, and it’s insured. They put your item up for auction, and professional jewelry buyers can bid on it (you can set a minimum price). After the auction, you get the sale amount minus Worthy’s fee.
It usually takes around 2 weeks for the whole process, from sending the ring to getting paid.
Pawn shops and local jewelers are faster, but they might not give you the best prices. Selling online can make more money, but it takes longer with the auction process.
Recommended reading: How To Sell An Engagement Ring For The Most Money
10. Look for Craigslist gigs that pay
If you’re aiming to make $1,000 in a short span of time, you may be able to find quick jobs on Craigslist. Most of these will be one-time jobs, but there may also be full-time or part-time jobs.
To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.
Here are some jobs I found through a quick search:
Help loading and unloading a moving truck
Help with painting a home
Pet sitting and dog walking
Taking online surveys
Delivery driver
Data entry
Turning photographs into digital copies
Transport and install a microwave
House cleaner
Related reading: How I Earned $655 From Random Craigslist Jobs In One Month
11. Rent out your unused storage space
If you have extra space at home, you can rent it out to people in your area for storage. This could be a garage, driveway, closet, basement, or even an attic.
While reaching $1,000 in a single day would definitely be a stretch, renting out your space could give you a long-term income that you stack with other jobs on this list to make $1,000 a day.
You can use a website called Neighbor to list any extra space you have for rent, and you could make up to $15,000 per year.
You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.
12. Consulting
If you’re really good at something, like business or marketing, selling consulting services can make you a good amount of money. You can charge more because of your expertise, and it’s doable to reach your $1,000 goal by taking on a few well-paying consultations.
I know several consultants who are able to make a very high income, in fact.
Companies hire consultants to get outside knowledge, a fresh viewpoint, and handle specific issues better.
Here’s how to start selling consulting services:
Identify Your Expertise – What are you good at? It could be marketing, finance, management, technology, or any other area where people seek expert advice.
Set Your Rate – Determine an hourly rate that reflects the value of your consultation. As a point of reference, if you charge $250 per hour, you would need to book four hours of consulting to meet your goal.
Network – Reach out to your professional network and let them know about your consulting service. Recommendations can go a long way.
13. Ask for a raise or for more hours
Talking to your boss about a raise might not get you $1,000 in a day, but negotiating a higher salary can be a good long-term strategy to make more money each year.
When approaching your employer about a raise, preparation is key.
Demonstrate your value – Before the meeting, compile a list of your accomplishments, contributions, and any additional responsibilities you’ve taken on.
Research market rates – Know the industry standards for your position and experience level to set a realistic raise request.
Time your ask – Ideally, schedule this conversation after a significant achievement or during a performance review.
Another way to increase your income at the job you already have is by working overtime. If you are paid hourly, you can see if your employer needs you to work any extra.
14. Sell an online course
If you know a lot about something, you can make and sell an online course. Websites like Teachable and Udemy let you create, host, and sell your course. While you might not make $1,000 right away, getting students over time can bring in a good amount of money.
I have an online course that I sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.
And, these are all created and run by people like you and me.
There are many other things you can teach in an online course, such as:
Painting
Music lessons
Fitness and exercise
Time management tips
Parenting
Languages
Computer programming
Personal finance
Traveling
Photography and photo editing
Plants and gardening
Baking and cooking
Arts and crafts
Dropshipping
And so much more!
How Can I Get A $1000 Loan Within 24 Hours?
So, after reading the above, maybe you realize that you need $1,000 quickly and the above won’t work out for you fast enough. If that’s the case, then a loan may be another option to look into.
If you need a $1000 loan in 24 hours, first look at your options. Check if you can use your own things for quick cash. If not, check out personal loans and other ways to borrow money, but be aware that quick loans like these typically have very high interest rates that can be hard to pay off.
1. Assess your credit score: Your credit score plays an important role in your interest rate and terms of a personal loan. Generally, a higher score increases your chances of getting approved for loans with lower interest rates.
2. Explore online lenders: Some online lenders offer loans within a day, so you can get a $1000 loan in 24 hours. Fill out an easy application and compare the terms and payment choices from different lenders to pick the best one for what you need.
3. Look for short-term loans: If time is really important, you may be thinking about short-term loans like payday loans or title loans. They usually get approved faster, but keep in mind, these loans almost always have high interest rates and shorter times to pay back, so please be as careful as you can. You don’t want to go into some crazy debt that you will never be able to pay off.
Frequently Asked Questions About How To Make $1,000 In 24 Hours
Below are answers to common questions about how to make $1,000 in 24 hours.
How can I make a quick $1,000?
To make $1000 quickly, you can start by thinking about selling things you don’t need. Everyone has stuff in their home that they aren’t using – start with those items!
What are the fastest ways to earn $1,000 online?
Some of the fastest ways to earn $1,000 online include:
Freelancing with your skills, such as writing, designing, or coding
Affiliate marketing through your personal blog or social media channels
Creating and selling digital products, like ebooks, graphics, or courses
This really depends on what your definition of fast is. Some of the above income streams will take longer than others, of course.
Which passive income streams can pay $1,000 quickly?
While passive income streams typically take time to build, there are some options that can make $1000 quickly, such as with:
Rental properties, if you own an empty space or have a spare room in your home that you can rent out
Dividend-paying stocks, though you’ll need a very large amount of money invested to make that kind of money in a single day
Online courses or subscription-based services
The initial setup might take time and effort, but the long-term rewards could be worth it. Learning how to make $1,000 a day in passive income is possible, but it would require a lot of up-front legwork to get you there.
Recommended reading: 18 Passive Income Ideas To Earn $1,000+ Each Month
Which freelance jobs can generate $1,000 within a day?
Earning $1000 within a day of freelancing is ambitious, but it’s possible through high-paying gigs and opportunities like:
High-ticket sales or consulting services, where you share valuable advice and expertise
Technical jobs, like IT consulting or software development, if you have in-demand skills
Creative projects with tight deadlines, such as writing marketing copy for advertisements, web design, and graphic design
Learning how to make $1000 in 24 hours online through freelancing is possible, but it will take you some time to get to this point.
How To Make $1,000 In 24 Hours – Summary
I hope you enjoyed this article on how to make $1,000 in 24 hours.
While some may earn you $1,000 in the next 24 hours (such as selling an expensive item that you already own – like jewelry or a gaming system), others may take you time to earn $1,000 in a 24-hour time period.
Some on this list may be a full-time job, and others may be part-time or even one-time odd jobs (such as on Craigslist).
Getting $1,000 in a day might seem hard, but with the right plans and effort, it is doable. Whether you have a surprise expense that you need to pay for, want to boost your savings, or simply just want to start making more money, making money at this level is possible.
Have you ever needed $1,000 fast? What have you done to make $1,000 quickly in the past?
If you’re contemplating joining a gym, the cost of membership will likely play a huge role in your decision. To make sure you spend your money wisely, pay close attention to the gym’s offerings and think carefully about whether you even need a membership to accomplish your fitness goals.
Here’s what to know before signing up for a gym, plus ways you might be able to save on membership.
How much does a gym membership cost?
Gym memberships cost between $10 and $100 a month generally, with even some well-known names on the lower end of that range. But rates can get much higher, especially at luxury fitness clubs.
Determining the true price you’ll pay for a membership can be tricky because many gyms obscure the details. For example, some clubs require a year’s commitment with payment upfront or will tack on a sizable fee.
Here are some of the baseline membership costs we’ve seen advertised at popular gym chains:
Planet Fitness: Starts at $10 per month plus taxes and fees.
24 Hour Fitness: Starts at about $10 a month plus tax.
Crunch Fitness: Starts at $9.95 per month.
Gold’s Gym: Starts at about $30 a month.
Costs can vary greatly depending on factors like the gym’s location, membership tiers and whether you choose to pay monthly or annually. Read the fine print on a gym’s website or ask a membership representative to disclose full pricing details.
What to consider before joining a gym
The price tag is important, but it’s just one of many possible things worth basing your decision on. Here’s what else to take into account as you shop around for a gym.
Your budget
A gym’s membership cost should be considered in context. Add up the other monthly expenses you’ll need to manage, such as groceries and utility bills, to see how much room you have in your budget. This can help you learn whether you’ll have enough money for a basic or top-tier membership, or if you should hold off on signing up for the time being.
If a membership isn’t in the budget right now, consider setting money aside in a separate savings account every month until you reach your target.
The gym’s location
Convenience is key. You’ll probably feel more motivated to visit a gym that’s close to your home, work or school than one in a distant neighborhood. Explore the options in areas you already frequent.
Think about whether a chain or a standalone gym makes more sense for you. Some gyms restrict membership to one specific spot while others allow you to use it at other locations in the network. You might pursue a flexible membership if you’d like access to your gym when traveling or the option to work out at sites near both home and work, for example.
The quality of the gym
Evaluate the facilities. Does the gym have the right type of equipment for the workouts you plan to do? Is there enough equipment to accommodate a rush of gym-goers during peak hours? Are the facilities clean and well-maintained or do they seem rundown?
Pay attention to what else the gym has to offer. Maybe it serves as a larger fitness center with classes and a tennis court. Ask yourself if amenities like a sauna, swimming pool and child care services are must-haves, nice-to-haves or unnecessary.
The gym’s hours
Unless you have a flexible schedule, a gym’s operating hours are going to be a crucial part of your decision. If you can only manage late nights or early mornings, you’ll need a fitness club that’s open at those times. It’s also wise to find out whether the full range of services is available during all hours.
Alternative ways to exercise
Think about if it’s even necessary to join a gym at all. There are many free or low-cost ways to work out, such as jump roping or following along with Pilates videos on YouTube.
If you plan to use only the treadmill at the gym, you could save money by going for a daily run instead. Purchasing your own equipment often costs less over the long term too.
Alternatives won’t always make sense, though. For example, you may not have space for barbells or a stationary bike in your home. Creating a home gym can also be expensive upfront.
Your motivation
How likely are you to go to the gym if you join? Think about your reasons for wanting a membership, plus how difficult it will be to physically get yourself to the gym.
If you have a demanding job or home life, maybe you won’t realistically spend enough time at the gym to make getting a membership worth it.
On the other hand, having a dedicated place to work out surrounded by other people exercising could be exactly the motivation you need.
Trial periods
Many gyms offer free trial periods or one-day passes. Testing out a facility can help you figure out if it’s a good fit before you make a financial commitment. Take advantage of free trials or guest passes at the gyms you’re interested in, if available.
Questions to ask before signing up for a gym membership
You’ve read through the list above and decided that you do in fact want to join a gym. Make sure you fully understand what you’re signing up for first. Getting answers to these questions is a good starting point:
How much would I have to pay upfront to join the gym?
How much does a membership cost on a per-month or per-year basis, including taxes and fees?
What services and amenities are included in the membership? Personal trainers could be one example.
Am I required to sign a contract?
How can I cancel the membership?
How to save money on a gym membership
Before you enroll, look for ways to get a good deal.
Get a referral
Have a friend or relative who’s affiliated with the gym you’re eyeing? Ask them if there’s a referral offer. You could get a deal such as a lower fee, gift card or free week’s worth of membership. The person referring you might receive similar benefits as a bonus.
Piggyback on someone else’s membership
Certain gym memberships include guest privileges, and some plans are designed for family and friends to share. See if you can tag along for free or split the cost with someone.
Use employee benefits
Many companies offer a gym stipend or corporate discount. If you’re employed, ask about any fitness perks that might be available to you. If your company doesn’t provide a discount directly, it may offer a health insurance plan that covers some fitness costs.
Look for offers
Some gyms lower membership costs at certain times of the year, such as Black Friday or New Year’s. Past promotions we’ve seen include waived enrollment fees and two years for the price of one.
Another potential source of savings: your credit card. The right rewards card can help you earn points or get cash back on your membership purchase. Check out some of the best credit cards with fitness perks or see if you can get an offer through your current card.
Ask about special discounts
Some gyms offer reduced membership rates to certain groups such as students, older people or military members. Ask around to find out if you qualify for any discounts.
Working out in an apartment is tricky. While some complexes have shared fitness centers, you may not always want to leave the house to do your fitness routine. And on the other hand, trying to have some form of a gym inside your apartment is difficult and limiting when you’re renting. However, there are still plenty of home gym decor ideas that will make your workout space both beautiful and functional — even in an apartment.
Here are some ideas you can incorporate into your home gym decor.
1. Dual-function loft
Photo source: Fitness Design Group
When you’ve got only one large space to work with rather than separate rooms, you may not want to dedicate it only to either a sitting room or a gym. Here, Fitness Design Group made sure there could be both by making a distinct separation between the function of each area.
2. Spin office
Photo source: Love to Know
There’s no need to choose between having a home gym or an office — put them in the same space! You can even create a small separation between the two like Love to Know shares — placing a mat underneath your office area and a separate one for your workout area divides the room based on function.
3. Work(out) from home
Due to the recent pandemic, many people are working (and working out) from home. Working from home brings its own set of challenges, but avoiding the gym doesn’t need to become a hassle. A little side gym, connected to a home office, creates a seamless transition from work to workout at any point in the day, making your home office a functional place before, during and after work.
4. Bright and airy home gym
Photo source: On Design Interiors
No matter the location or size of your home gym, there’s no reason for it to feel dark and dingy. These bright floors and light walls, brought to life by On Design Interiors, make this small space feel large and spacious. Not to mention how simple and chic the design is — it’s not over-the-top and creates a calming environment for exercising after a long, stressful day.
5. Mirrored weight room
This simple, yet effective, basement setup shows just what you can do in a small space. This weight room isn’t very big, but a full wall of mirrors gives the illusion that it’s double the size. Even if you’re in a studio apartment, simply adding a large mirror on the wall near where you practice yoga or do a small-space workout routine will help it feel bigger.
6. Home office with modern wall designs
Gyms don’t need to look boring, especially if it’s part of the place where you live. And it doesn’t take a lot to make your home gym look modern and appealing! Simple wall tiles or decals can quickly upgrade your gym without compromising its functionality. Even in a rental like an apartment, you can use peel-and-stick tiles and wall decor that can easily be removed without damaging the walls.
7. Jungle gym
Photo source: Devon Grace Interiors
Adults aren’t the only ones that need to get their exercise in! Kids living in an apartment may feel a little limited at times without a full private yard to play in, so Devon Grace Interiors added a place for the kids to get their energy out.
The light-colored wood of the jungle gym doesn’t draw too much attention and keeps things muted, while still being a fun place for kids to play.
8. Sleek modern luxury home gym
Making your home gym feel luxurious and modern is a simple matter of color and lighting. Adding a couple of backlit mirrors and incorporating metallics are what the Infinity Design Studio recommends.
9. Traditional CrossFit
Photo source: DNLUD
This home gym by DNLUD is about as close as you can get to a typical CrossFit gym. For some, feeling like they’re at a gym rather than at home helps them get their minds into their workout. The mirrors are black gym mat flooring really gives it an out-of-home feeling.
10. Modern rustic home gym
Photo source: Gambrick
Gambrick didn’t want to detract too much from the natural landscape and kept this in mind when they designed this gym for a modern rustic cabin-stile home in the mountains of Colorado. The deep oranges give just enough color while maintaining the integrity of the outdoors—no matter where you live, your apartment doesn’t have to feel separated from its surroundings.
11. DIY basement upgrade
There are easy ways that anyone can upgrade their basement into a functioning gym. A little peel-and-stick wallpaper, mirrors and foam puzzle flooring turned a dark basement into a bright little workout space that can easily be removed if needed.
12. Spare bedroom fitness renovation
An extra bedroom is already a luxury that not everyone has and instead of turning it into a seldom-used guest room, put it to better use. Light flooring and white walls with natural wood hanging hooks to keep equipment off the floor keep this room looking chic and clean—great for when you’re in a small apartment with not much room to spare.
13. Disguised cycle home gym
You may only need one piece of equipment to get a full-body workout in. A stationary bike is perfect for requiring only a small corner—and that corner might be right in your kitchen! One Instagrammer disguised her bike in her kitchen area by placing a pretty painting and plants around it to blend it into the area.
14. Space-saving yoga grid
When you don’t have room for a full yoga studio, a wall might be all you have. Higashi Fushimi recommends that it’s time to make your storage grid look good—like it’s an intentional part of your apartment’s design, with blended metal rods that both look good and function like any other storage.
15. Vertical storage in your home gym
Choosing equipment and storage racks that work vertically rather than horizontally can keep your gym equipment from taking up too much space in your apartment. Lela of Organized-ish utilizes pegboards for small equipment storage and choose a multi-function vertical workout setup that only takes up a few feet of space in the corner.
16. Aesthetically-pleasing home gym equipment
No need for your gym equipment existing as an eyesore. In fact, it is a beautiful addition to the main area of your apartment. See how Sunny Circle Studio chose wooden multi-use wall bars to provide function and design for a high-end vibe.
17. Upgraded garage
If you’re lucky enough to have access to a garage, you can turn it into a chic and stylish workout room. Celebrity trainer Erin Oprea has even done it herself — add some peel-and-stick wallpaper and affordable vinyl flooring that mimics wood, and you’ve pretty much given yourself a whole new space!
18. Dual-function, hidden equipment home gym
A coffee table that converts into a bench press, a lamp that doubles as a dumbbell and even a foam roller vase that looks and works both like exercise equipment and living room items. Swedish storage company 24Storage invented pieces of workout equipment that aren’t stored in the traditional manner — they’re functioning pieces of your living room! See what fits best in your living room.
19. Balcony home gym
Get some fresh air by exercising on your balcony. Put your bike, treadmill or other machines outside so it doesn’t take up your indoor space. See how Merrick’s Art did with their balcony.
20. Home yoga studio
Turn any open floor space into a yoga area. Keep storage baskets, like Manduka suggests, for your mat and other equipment nearby so when it’s not in use, you can keep your items out of the way.
21. Funky and fun home gym
Don’t just hide your home gym — turn it into the main attraction! Decorilla emphasizes that having fun patterns and colors can both give you energy and help you relax — which is what your workout space should do.
22. Black on black home gym
Having an all-black gym may not feel as light and airy as one with brighter colors, but it can change your mood when you workout. It may help you get more serious, which is beneficial when you’re doing a heavyweight routine or really want to push your limits — which is why Vogue highlights it in a luxury spread.
23. Walking desk as a home gym
Make your work time (and space) the same as your workout! MyMove shows that a treadmill or stationary bike that allows you to use your computer at the same time will save you both time and space as a home workout alternative.
24. Bright home gym yoga space
Use bright colors and neutrals for a calming yoga session. Stick with natural tones and materials, as LDA Architecture & Interiors recommends, and you’ll be feeling calm and serene every time you practice.
25. Neon home gym
Give your workout space an edge with neon lighting. You can either do it all around the room and frame certain pieces, such as mirrors, with neon lights. Or you can add a motivational quote in the form of a neon sign to keep yourself going!
Functional and tasteful
Your home gym doesn’t have to look run-down or ugly. And you don’t need to get rid of it altogether, either! Using these home gym decor ideas, you can create a space that’s both beautiful and functional.
Morgen Henderson is a writer who grew up in Utah. She lived in the Dominican Republic for a year and a half, where she was involved in humanitarian service. Some of Morgen’s work has appeared in State of Digital, The Next Scoop and TechPatio. In her free time, she loves to travel, bake, master DIY projects and improve her Spanish skills.
Are you looking for the best consignment stores near you and online? Consignment shops are great places to find really nice, secondhand things that cost much less than when they were brand new. You can find clothes, furniture, or valuable older items. These stores have a lot of good quality, used things just waiting for…
Are you looking for the best consignment stores near you and online?
Consignment shops are great places to find really nice, secondhand things that cost much less than when they were brand new. You can find clothes, furniture, or valuable older items. These stores have a lot of good quality, used things just waiting for someone to find them.
And, consignment shops can be a great place to sell your stuff too, and make some extra money.
I have personally worked at a secondhand shop when I was younger for several years – so I understand how great they are, especially when it comes to being able to make some extra money.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
Key Takeaways on the best consignment shops
Consignment stores are a great way to sell your stuff for cash
There are many stores, both on the internet and in person, where you can sell your stuff
Some favorite places to sell clothes include Poshmark and Plato’s Closet. For jewelry, Worthy is a great site to sell on. Decluttr is super easy if you want to sell electronics, like a cell phone or a game system.
What Is A Consignment Store?
A consignment store is a retail store where you can buy and sell gently used items, such as clothing, jewelry, furniture, and more.
Why Sell At Consignment Shops?
Selling at consignment shops has many positives.
It’s a good way to clean up your closet or home in a way that’s good for the environment because you’re recycling and reusing things instead of just throwing them away.
You can also make some extra money from things you don’t use anymore. It’s also really easy because the consignment store takes care of everything, like deciding the price, advertising, and talking to customers.
What items do consignment stores accept?
Consignment stores accept many different kinds of items, such as:
Clothing: dresses, tops, pants, jackets, and shoes
Accessories: jewelry, bags, belts, and hats
Furniture: chairs, tables, sofas, and other household items
Toys, games, and collectibles
Recommended reading: 8 Items To Sell Around Your Home For Extra Money
What percentage do most consignment shops take?
The consignment shop usually takes a percentage of the selling price, which can be anywhere from 30% to 60%.
So, if your item sells for $50, you might get between $20 to $35, and the store keeps the rest. This fee helps the store pay for things like rent, utilities, advertising, and paying their employees. When you sell your items through a consignment shop, they do almost all the work for you, which saves you a lot of time and effort.
Many of the stores below will pay you up front for your items, and some will pay you after the item sells. I do realize that traditionally a consignment shop is one that pays you AFTER the item sells, but I didn’t want to limit this blog post to just that – as getting paid up front is, of course, quite nice.
Recommended reading: How I Made $40,000 In One Year Flipping Items
Best Consignment Stores Online To Sell Your Stuff
Below are the best consignment stores online to sell at.
1. Poshmark
Poshmark is an app and website that has a marketplace for gently used clothing, shoes, bags, and jewelry. You just take a photo, list your item, and make extra money.
Recommended reading: 20 Best Places to Sell Shoes Online And Near You
2. Decluttr
Decluttr is a great place if you want to sell old electronics like phones, tablets, and gaming systems.
Decluttr gives you a free shipping label. Just pack your items in a box and send them to Decluttr. They take care of the shipping costs, so it’s easy for sellers.
Recommended reading: 11 Best Ways To Sell Used DVDs Online And Locally
3. thredUP
ThredUP is an online store that sells clothes and accessories for women and kids. All you have to do is ask for a Clean Out Kit, send in your items, and thredUP takes care of everything else.
4. Facebook Marketplace
Using Facebook Marketplace is an easy way to sell things to people located near you. It makes it easy to find buyers for items like furniture, appliances, and clothes.
5. Worthy
Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. Their team handles everything from appraisals to receiving payment from the buyer.
You simply just send in your jewelry to them using a prepaid and insured FedEx label they provide. When they receive it, your item is then put up for auction where professional jewelry buyers can bid on it (you can choose a minimum price you’re comfortable with). Once the auction ends, you’ll get the final sale amount after Worthy takes their fee.
The whole process usually takes about 2 weeks from sending the ring to getting paid.
You can sell your jewelry on Worthy by clicking here.
Recommended reading: How To Sell An Engagement Ring For The Most Money
6. eBay
eBay is a popular selling site that has been around for a long time and is used all over the world. You can sell pretty much anything and everything, from clothes to special collectibles.
I have sold many items on eBay over the years, mainly clothing. But, I know people who have sold anything from collectible toys all the way to classic cars on eBay successfully.
7. The RealReal
The RealReal is a high-end consignment online store that sells luxury items, such as designer clothing, shoes, and jewelry. You can earn up to 85% of the selling price for your items.
8. Mercari
Mercari is an online marketplace where you can sell clothing, electronics, and collectibles, and it is a really popular choice with over 350,000 listings posted every day!
Listing your item is easy – just upload photos, pick a category, set your price, and you’re all set. Mercari takes a 10% commission fee.
9. Chairish
Chairish is a site where you can sell your furniture and home decor and they charge a commission based on how many things you list.
They also have a program called Chairish Drop Off & Go. You can print a shipping label provided by Chairish, then drop off your item at a nearby UPS Store when it sells. You don’t even need to pack it – UPS will take care of that for you.
Recommended reading: 15 Best Places To Sell Used Furniture For Cash
10. Grailed
Grailed is a marketplace for men’s clothing, and they mainly sell high end and streetwear brands. You can post any item for free and if an item sells, Grailed charges a commission fee of 9%.
11. Craigslist
Craigslist is a great way to sell items to people near you, and you can quickly list items like furniture, appliances, and clothing without paying any fees. I have sold many items on Craigslist over the years, such as tires, clothes, and even a Jeep hardtop (these show that anything can be sold on Craigslist!).
12. Depop
Depop is an app for shopping and geared toward younger customers. You can sell all sorts of things, like clothes.
13. GOAT
GOAT is a site where you can sell high-end sneakers. The commission fee is 9.5% plus a seller fee for a seller in good standing.
14. Vestiaire Collective (formerly known as Tradesy)
Vestiaire Collective is a website where you can sell designer clothes, handbags, and accessories for women. They make it really simple to list your items, and brands that they sell include Louis Vuitton, Gucci, Chanel, Prada, Hermes, and more.
15. Kidizen
Kidizen is a site for selling and buying kids’ clothes. If you have children’s clothing that you’d like to sell, this is a great place to start if you want to sell online.
16. Rebag
Rebag is an online consignment store that sells high-end designer handbags as well as shoes, watches, apparel, and other accessories. They buy items and pay up front.
Best Consignment Shops Near You To Sell Your Stuff
Here are some of the best local consignment stores for you to check out.
17. Plato’s Closet
Plato’s Closet is a popular store that sells trendy, gently used clothing and accessories for teens and young adults. Plato’s Closet is also one of the most popular consignment shops that pay cash up front too.
I personally worked at Plato’s Closet when I was younger for around 5 years, so I have both bought and sold items and paid cash up front. I have probably sold thousands of dollars of clothes to Plato’s Closet over the years!
18. Buffalo Exchange
Buffalo Exchange is a popular chain of secondhand stores in the U.S. where you can both buy and sell lots of different types of clothes and accessories. You get 25% of their selling price in cash or 50% in store credit for anything they’re able to buy.
19. Crossroads Trading
Crossroads Trading sells clothing, shoes, and accessories at their brick-and-mortar shops in California. They pay cash up front or you can choose to get a little more in trade-in credit.
20. Wasteland
Wasteland is a high-end clothing shop that sells new, gently used, and vintage women’s and men’s designer clothing. They pay cash up front of 30% of what they price the item at in their store.
21. Uptown Cheapskate
Uptown Cheapskate is another great store for selling clothing and accessories.
22. Once Upon A Child
Once Upon A Child sells gently used children’s clothing, toys, and equipment (such as strollers). They don’t typically pay a ton, but they also price things relatively low.
23. Music Go Round
Music Go Round is a great place for musicians to buy and sell used musical instruments and gear. Due to the typical higher price of musical items, they usually pay with a check.
24. Play It Again Sports
Play It Again Sports sells sporting goods. From team sports (such as baseball and football) to fitness equipment (like weights and even treadmills), you can trade in your stuff at Play It Again Sports.
25. Guitar Center
Guitar Center buys used musical instruments, such as guitars, amps, drums, keyboards, and more.
26. Awoke Vintage
Awoke Vintage sells vintage clothing items at their in-person secondhand shop as well as on their Instagram. If you have vintage items to sell, this is a great place to start with.
27. Beacon’s Closet
Beacon’s Closet is a New York store where you can sell clothing and accessories. You can sell items by bringing it to their store or mailing it to them. They pay 30% cash or 50% store credit of what they price the item at whether you sell it to them by mail or in person.
How To Find Local Consignment Shops Near You
There are many more local consignment shops other than just the list above. Here are some easy ways to find the best consignment shops near you:
Search online – The easiest way is to search on Google, Yelp, or on your phone’s map using words like “consignment shops near me” or “local consignment stores.” There are probably several near you that you may not know about.
Ask your friends – Ask your friends, family members, or coworkers for advice on local consignment shops they’ve had good experiences with.
Remember, when selling at local consignment shops, you should check their policies on what items they take and the process for buying or selling. You’ll also want to see when they look through items, as some may not purchase items on Saturdays or in the evenings, for example.
Recommended reading: Everything You Need To Know About Selling Your Stuff For Cash
Frequently Asked Questions
Below are answers to common questions about how to find the best consignment stores to sell at.
Is selling to a consignment shop worth it?
Selling to a consignment shop can be worth it if you have items that are in good condition and if you’re looking for an easy way to make extra money.
What are the best consignment stores for clothes?
The best consignment stores for clothes depend on what you’re looking for. For example, if you want to sell your clothes quickly and get cash up front, then Plato’s Closet is one of the easiest. If you’re looking to make a little more money, then selling your clothes online on Poshmark or eBay may earn you a little more, but these types of sites do require a little more work from you (such as taking pictures and actually shipping the clothing items).
What should I know before selling to a consignment shop?
Before selling your items to a consignment shop, you should know their rules. This includes finding out how long they’ll keep your items (will they try to sell the item for a month? A year?), how much of the sale price they’ll take, and when you’ll get paid (do you have to chase them for payment?).
What’s the difference between consignment shops and thrift stores?
The main difference is in how items are obtained. Thrift stores sell items that they receive from donations, while consignment shops buy items for resale (not through donations).
How can I maximize my earnings from consignment sales?
If you want to make the most money from consignment sales, pick a store that’s known for selling the kind of things you have and is popular with buyers (this helps because they probably sell items a little quicker!).
The Best Consignment Shops Near You And Online – Summary
I hope you enjoyed this article on how to find the best consignment shops online and near you.
The shops mentioned above are known for being easy and trustworthy when selling your items. They have an easy process and a way to get cash either up front or after the item sells.
Pick the consignment shop that suits you best and start making money from your stuff.
It’s almost that time, when everyone resolves to do better and achieve more in the coming year. And a new survey suggests that some people may be fueling their 2024 resolutions with the financial regrets of 2023.
About two-thirds (67%) of Americans have financial regrets for 2023, according to a NerdWallet survey conducted online by The Harris Poll on Oct. 10-12. And three-fourths (75%) of that group say those regrets will lead to new resolutions in 2024.
Every year we face obstacles to our money goals. We may start out with plans to save more and spend less, but life happens. This year began with expenses taking bigger bites out of paychecks, in the form of high inflation. And as the year progressed, increasingly high interest rates added costs to credit card balances and loans, making it more expensive to borrow. Macroeconomic factors like these can be enough to derail financial goals alone, but if they’re paired with job loss, unexpected expenses or other household circumstances, they can push goals further and further out of reach.
If you have financial regrets, you’re in good company. And if your hope is to turn them into successes in 2024, plenty of other Americans have the same plan. Here’s how some of those regrets may have come about and what to expect in the year ahead.
Money regret No. 1: Not saving more
Nearly one-fourth (23%) of Americans regret not saving enough for their financial goals in 2023, according to the NerdWallet survey. And about one in five (21%) regret not saving for emergencies.
Government relief payments paired with constrained spending during COVID shutdowns to bring the personal saving rate to all-time highs in 2020 and 2021. In 2023, that rate, which measures the percentage of disposable income that can be saved, on average, settled below historic averages, making it more difficult to save for big purchases or unexpected emergencies.
In 2024: The personal saving rate, as a national average, is likely to stay on the low side. However, with inflation continuing to come down, you may find it easier to set aside funds in 2024 than you did in 2023. If you don’t have an emergency fund, start there — having a cushion set aside for unexpected expenses can insulate many of your other financial objectives. Then, set measurable and specific benchmarks — such as setting aside a certain portion of every paycheck — to get you toward your longer-term savings goals.
Money regret No. 2: Overspending
More than one in five (22%) Americans regret overspending on entertainment in 2023; 11% regret overspending on travel and 11% regret overspending on a big event (such as a wedding or party), according to the survey.
Consumer spending in 2023 has been surprisingly resilient in the face of inflation and high interest rates. This consumer resilience has been credited with keeping the economy strong when many expected a recession. But there is also evidence that this spending in the face of adversity has been achieved by busting household budgets.
In 2024: Overspending is a risk every year — it’s hard not to splurge on things like entertainment, travel and parties (we all enjoy a good time). The first step to reining in these urges, however, is setting a clear budget. Whether it’s a weekly entertainment budget or a wedding budget, setting a clear expectation for yourself beforehand can help ensure you’re not left with remorse when the dust settles.
Money regret No. 3: Mismanaging credit card debt
Equal shares of Americans (16%) regret not reducing/or paying off their credit card debt and taking on too much credit card debt in 2023, according to the survey.
Credit card debt levels fell during 2020 and early 2021, as people had excess money thanks to relief payments and student loan forbearance, for example, and were generally spending less due to COVID lockdowns. But since then, debt levels have been surpassing pre-pandemic normal. If you used your cards less in 2021 and even paid off some debt, this return to “normal” can feel especially bad.
In 2024: When your finances are in good shape, using credit cards as a tool — to earn points and cash back, for instance — can help you reach money goals more quickly. However, when you’re in debt or have to turn to a credit card to cover an emergency expense, the interest can pile up quickly and make it difficult to dig yourself out. Interest rates will likely remain high throughout 2024, so getting those balances under control is even more important. Make a concrete debt payoff plan, and if you’re struggling to make payments, consider debt relief options such as consolidation and debt management.
Lest 2023 sound like nothing more than money woes: More than three in five (62%) Americans say they achieved financial goals they set out to reach in 2023. Financial headwinds are always present in one form or another. Preparing for them and learning from mistakes may set you up for a greater chance of success in the near future.
METHODOLOGY
This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from Oct. 10-12, 2023, among 2,096 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.7 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact [email protected].
Disclaimer
NerdWallet disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the article’s information is accurate, reliable or free of errors. Use or reliance on this information is at your own risk, and its completeness and accuracy are not guaranteed. The contents in this article should not be relied upon or associated with the future performance of NerdWallet or any of its affiliates or subsidiaries. Statements that are not historical facts are forward-looking statements that involve risks and uncertainties as indicated by words such as “believes,” “expects,” “estimates,” “may,” “will,” “should” or “anticipates” or similar expressions. These forward-looking statements may materially differ from NerdWallet’s presentation of information to analysts and its actual operational and financial results.
There are things in life that we wish we had known earlier because they may be able to save us from wrong decisions in life. Well, these people share some of the wisdom they wish they’d known a decade ago, which would have made their lives easier!
1. Fitness Is Good for Your Mental Health
“Working out is really good for mental health. It might not be all you need, but it’s gonna be a good majority. At least for me,” said one.
“Truth! I hate it when I get sore because I can’t workout anymore. I went from being lazy and never working out for the first 25 years of my life to loving it and wondering why [the heck] was I so lazy. I did have to get incredibly depressed after a breakup, though lol,” replied another.
2. Invest in the Right Stocks
One person said, “To invest in the right stocks.”
Another one replied, “Seriously, I think of this all the time. I wish I had known to invest in Bitcoins a decade ago when the price was around 100 dollars per coin. I would have also started mining em!”
3. That the Man I Married Is a Predator
Somebody shared, “Who the man I married was/is…Spoiler, he’s a child pr*dator and I helped him find his way to prison.”
The second person replied, “I’m so sorry. I can’t imagine what kind of [awful things] you must have gone through discovering this.”
Then the original commenter replied, “Yeah, it was a bit like a bomb went off. I’m still a little shaken.”
4. That a 30-Minute Workout Is Easy
One user commented, “I wish I’d realized how easy it is to do 30 min of working out a day and that consistency is the key to fitness. I manage to do it now with a toddler and a job, and I should have been able to do it easily before my kid was born.”
5. My Girlfriend
“My current girlfriend. She’s the love of my life. Means everything to me. We absolutely adore each other. Going on 3 years soon,” shared somebody.
6. Remove Toxic People From Your Life
“Just because you’ve been friends with someone since you were ten years old doesn’t mean you have to stay that way. Remove them from your life if they are toxic,” said somebody.
7. Spirituality Is the Ultimate Goal
One user said, “Life is not about accumulating materials. Ultimate goal should be at least being on the spiritual path for understanding the nature of my own life.”
8. All About Inner Engineering
“I wish I had known about inner engineering—how to manage my mind, thoughts, and emotions and not to mess up the most precious youthful years of life by finding a perfect partner who never exists,” somebody stated.
9. That I’m Meant to Be Alone
Somebody commented, “That I’m more than likely meant to be alone and I could save a ton of heartache by not getting into any relationships.”
10. That I’m Autistic
“That I’m autistic and it’s the reason why everything is/feels so hard for me. Spent my childhood and teenage years blaming myself for things I had no control over. I think it would’ve saved me a lot of the heartache that comes with thinking you’re fundamentally broken when in reality my brain is literally different from others,” somebody shared.
Can you relate to some of the things listed here? Let us know in the comments!
Source: Reddit
10 Actors Perfectly Cast for Their Character Roles
Have you ever watched a movie or show and been completely lost in it because of how well an actor or actress became their character? Check out this article for a whole list of actors who were perfectly cast!
11 Vampire Movies That Will Make You Thirst for More
You know that feeling where you’re on a movie kick in a certain genre, but you seem to run out of good movies to watch? Well, if you’re down for a vampire movie or three, check out this article for the best ones out there!
10 Incredible Movies That People Rated 10 Out of 10
It’s pretty hard to replicate the experience of watching your favorite movie for the first time, but we’ve put together a list of movies that people have rated at a perfect 10/10. Next time you need a good movie to watch, check this out!
10 Famous People Who Canceled Themselves With Their Own Stupidity
We’ve all been there: you make a comment you haven’t thought through at all, and the whole room goes silent at what you’ve just said. But can you imagine doing that as a famous person—and getting canceled? Check out this list of celebrities who did just that!
13 Things You Shouldn’t Do When You’re in the US
Are you planning a trip to the US? Culture varies a lot between countries, even countries that share borders. So if you’re headed to the good old U. S. of A, here are a few pointers to make your travels go more smoothly!
Inside: Are you finding yourself struggling to cover unexpected expenses? This guide will teach you how to create a financial plan and budget that will help you avoid costly surprises.
Life is full of surprises, and not all of them are pleasant. Sometimes, these surprises come in the form of unexpected expenses, hitting when one least expects them.
This can leave you devasted financially. Over the years, we have been slapped with unplanned costs and left scrambling.
However, you can successfully navigate through the rollercoaster ride of money management.
The key is knowing “What are unexpected expenses?’ Along with the knowledge equips you to avoid or mitigate them.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
What are Unexpected Expenses?
In the realm of personal finance, unexpected expenses are costs you haven’t foreseen or budgeted for. They strike out of nowhere, leaving you scrambling to balance your finances.
These expenses differ from other cost categories such as fixed expenses (weekly, monthly, and recurring costs like rent) and variable expenses (those that do not happen regularly but vary in cost like groceries).
The crux lies in not being able to anticipate these unplanned expenses, making them disruptive to financial plans.
What is an example of unplanned spending?
Unplanned spending often occurs when there’s an unforeseen event that demands immediate financial attention.
Picture this scenario: You take your car for a routine inspection; however, the car fails the inspection due to a defective part that needs immediate repair. Initially, you hadn’t allocated funds for this, but now you have to deal with this unforeseen cost – a classic case of unplanned spending.
Common Examples of Unexpected Expenses
Unforeseen financial events can leave many unprepared and struggling, adding unnecessary stress. This section will delve into examples of typical unexpected expenses that individuals often encounter, providing key insights into how to efficiently incorporate these into your financial plan.
By understanding and preparing for these unexpected expenses, one can effectively mitigate the surprise factor they pose, promoting a healthier and more secure financial state.
We have overcome many times and you can too!
1. Medical Emergencies and Healthcare Costs
Medical emergencies are prominent examples of unexpected expenses. Even with health insurance, costs can amass, thanks to high deductibles, co-payments, and therapies not covered by insurance.
One factor is paying for the medical costs, but the other weighing factor is loss of income when dealing with medical emergencies or critical diseases like cancer.
Overcome this by:
Contributing the max each year to your Health Savings Account (HSA). This way you have a bucket of money just for medical expenses.
Look into short-term disability insurance that can cover part of your lost wages while you can’t work.
2. Automatic Home or Vehicle Repair Needs
Home and vehicle repairs often sneak up as unexpected expenses. Time, accidents, natural disasters — all can cause wear and tear that demands immediate repair. The consequences of ignoring these repairs can be hefty.
Similarly, significant home repairs such as fixing a faulty HVAC system or leaky roof can set you back by thousands of dollars.
Overcome this by:
Be proactive with routine maintenance. Take care of your house and car before problems escalate.
Save the same amount each month for home and vehicle repairs separately.
Personally, we save $100 monthly for car repairs as one is a beater car. This amount will be increased to $350 to start saving for a new car. Conversely for home repairs, we keep a minimum of $1000. This amount will fluctuate depending on when we last did a major repair. Since we just replaced our HVAC, our funds are lower.
3. Natural disasters
Natural disasters, such as hurricanes, earthquakes, wildfires, and floods, lead to unexpected spending. The impact of these events can cause significant damage to homes, cars, and other property, leading to repair and replacement costs.
Furthermore, these situations might also necessitate expenses for emergency supplies, temporary shelter, and other necessities. For instance, Hurricane Katrina inflicted a staggering $196.3 billion in damage, illustrating the overwhelming cost of such unpredictable events.1
Overcome this by:
Make sure you have proper insurance whether it is renter insurance or flood/wildlife insurance. Also, make sure you have the proper amount of insurance. As highlighted by the Marshall Fire where most people were underinsured. 2
Storing cash on hand at home in case of an emergency. A cushion of money will always be helpful.
4. Increase in Bills
Monthly bills are a constant in our lives, but what’s not constant is their amount. Landlords may raise the rent when leases are up for renewal, utility companies could increase their rates, and insurance premiums may also inflate periodically.
All these scenarios lead to higher monthly expenses. For example, the U.S. energy costs per household rose by 13% in 2022 reaching the highest percentage increase since it was measured. 3
Being unprepared for these increases can cause significant financial strain.
Overcome this by:
Get one month ahead on your bills. Then, you will start building a cushion. Also, known as aging your money – thanks to YNAB.
Be proactive and realize that with inflation high. All of your bills will likely increase in cost.
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5. Overlooked Taxes
Overlooked taxes pose another source of unexpected expenditure.
A higher than expected tax bill can indeed surprise and unbalance your budget. This happened to my friend when she started her own fitness coaching business.
Uncertainties in estimating the exact tax amount, mathematical errors in filing, or an overlooked quarterly tax payment often culminate in an escalated tax bill. An audit from the IRS, though it may find no additional taxes owed, can lead to expensive fees from a CPA or tax attorney.
Overcome this:
Use a tax calculator to know what your estimated tax payment due.
Understand the common reasons you may owe higher taxes this year.
6. Pet Emergencies
Pet emergencies can bite a large chunk out of your budget without warning. For instance, if your cat suddenly starts having seizures or your dog gets hit by a car, the medical costs associated can spiral rapidly.
Emergency vet care can range between a few hundred dollars to several thousand dollars. For instance, a poisoning can range from $200-$3000. 4
Overcome this by:
Prevention methods like pet insurance can help you manage these costs effectively.
Decide in advance the maximum you are willing to spend on emergency vet care.
7. Delayed payments
Delayed payments may not be an external expense, but the repercussions can be just as financially challenging. This affects your income stream, potentially leading to difficulty in managing your financial obligations.
For example, if an employer goes bankrupt, salaries might be delayed or even indefinitely withheld. According to research, late payments can cost businesses $3 trillion globally, affecting both personal financial planning and business operations.5
This is a highly stressful situation.
Prepare yourself financially by:
Aging your money. By getting one month ahead of your bills, you can scrap through a delayed payment. YNAB coined this term.
Start saving for a large rainy day fund.
Raisin
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8. Gifts and Special Occasions
Commemorating special occasions can lead to unexpected expenses. Life events such as birthdays, weddings, baby showers, and retirements, traditionally require gift-giving.
While typical gift giving on Christmas or birthdays should be part of your planned variable expenses. Saying yes to being a bridesmaid can definitely set you back a few thousand dollars. These are costs that we often fail to factor into our budgets.
Overcome this by:
Setting aside money monthly to cover gifts and special occasions.
If saying yes to a special event will hamper your finances, then you may have to politely decline the invitation.
9. Unexpected Travel Costs
Unexpected travel costs can significantly impact your budget, particularly when they arise from unplanned events such as attending a funeral or a wedding. The costs of last minute travel can vary widely depending on the destination, distance, and mode of transportation.
To manage these expenses, consider driving or taking public transportation for shorter trips, exploring less expensive lodging options, and creating a meal plan that limits dining out.
Overcome this by:
Setting aside a regular amount in a travel fund can help prepare for these unexpected costs that tend to crop up every year.
Decide if taking the unplanned trip is something you can feasibly manage with your current financial situation.
10. What You Forget to Budget for
Some subtle but regular expenses often sneak past our budget plans. This is why we have a full list of budgeting categories so hopefully, you don’t miss anything!
Consider online subscriptions and memberships: Many services offer free trials, but the charges kick in if not canceled. Other overlooked budget items may include pet care, parking fees, and toll fills—small amounts that may seem insignificant but can considerably dent your budget over time.
Overcome this by:
Review your checking account and credit card bills to see all of your expenses for the past year. Write down those unexpected expenses that came through.
Now, make a plan for how to spend your money in advance with your findings.
This helps you prepare for unexpected expenses
Here are simple tips to make sure you employ the habits of a financially stable person.
Tip #1 – Building an Emergency Fund
Building an emergency fund is a fundamental strategy to brace for unexpected expenses. This fund acts as a financial buffer, providing the economic security to cover unexpected costs without tapping into monthly budgets or savings aimed at other goals.
As a starting point, aim to save $1000 and then work your way up to save a month’s paycheck. Start small and build over time – every penny set aside helps to mitigate future financial stress.
Tip #2 – Properly Utilizing Sinking Funds
Sinking Funds are a sagacious tactic to prepare for larger, infrequent expenses. They allow you to systematically and gradually save up for anticipated financial obligations such as vacations, holiday gifts, car maintenance, etc.
By assigning a specific amount to save each month, by the time the need arises, you’ll have a pool of money ready. With platforms like YNAB, creating sinking funds becomes easier, letting you monitor your progress month by month.
This is how we have less frequent unplanned costs than we did in our 20s.
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Tip #3 – Saving for the Larger Rainy Day
Beyond smaller emergency funds and sinking funds, saving for the ‘larger rainy day’ is a crucial tactic to avoid financial duress caused by unexpected expenses. This refers to padding your savings to cover larger, more substantial financial shocks that might require more than just a few months’ worth of expenses.
It may take time to build such a fund, but even a small contribution each month can result in substantial savings over time.
Tip #4 – Pick up a Side Hustle
One way to strengthen your financial resilience against unplanned expenses is to start a side hustle. This could mean picking up extra shifts at work, selling handcrafted items online, or using skills like photography or writing for freelance work.
With the rise of the internet, making money online is really easy and simple to get started. We have a few side hustles to shield against unforeseen costs.
Tip #5 – Budget Properly and Stick to It
Budgeting is an essential line of defense against unexpected expenses. By tracking your income and comparing it against both predictable and variable expenses, you can calculate how much money can be saved each month.
Regular budget check-ins help ensure you’re staying on track, steadying your financial footing.
Quicken
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Cons:
Little complex to use at first, the learning curve is moderate.
Yearly subscription-based model to use the platform.
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Tip #6 – Regular Review of Financial Plans
Regularly reviewing and updating your financial plans can serve as a preventative measure against unexpected expenses. Consider changes in income, expenses, and lifestyles, and adjust your savings and spending plans accordingly.
Tip #7 – Utilizing Digital Banking Features for Money Management
Digital banking tools have revolutionized financial management and can be part of a robust strategy to avoid unexpected expenses.
Features such as instant account balance checking, transaction alerts, set-and-forget savings transfers, budgeting tools, and proactive spending categorization help you grasp where your money is and how it’s being spent.
Tools to Ward Off Unexpected Expenses and Not Go into Debt
Unexpected expenses are inevitable, yet going into debt to cover these costs can lead to financial strain due to accumulated interest and fees.
Here are crucial steps in preventing unexpected expenses from turning into debt.
Dealing smartly with Credit Cards options
Credit cards can serve as a lifeline during a financial crunch but should be employed judiciously.
To smartly deal with unexpected expenses, consider options like 0% or low-interest credit card offers – these are particularly useful if you can pay off the balance during the introductory period. But tread with caution: high-interest rates can cause difficulties if you can’t pay off the balance in time.
Profit from Asking for a Paycheck Advance
In times when emergency expenses arise, asking for a paycheck advance can help. Some employers offer this as part of their policy to assist employees dealing with abrupt financial needs. A salary advance allows you to ‘borrow’ from your future earnings and repay the amount through future pay deductions.
Budgeting apps like Chime not only help in tracking expenses, but they also enable early access to your paycheck, up to two days before payday. This feature ensures you avoid running short of money at the end of the week or month, allotting you ample room to plan, track, and adjust your spending and savings.
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Exploring Personal Loans for Emergency Situations
Personal loans are a convenient option during urgent monetary needs. They are unsecured loans and therefore don’t require collateral.
However, they’re typically accompanied by relatively high-interest rates. Consider using online prequalification tools for personal loans to determine if you’re eligible and view potential interest rates.
Explore different lenders, but be wary of the terms and conditions to make sure you don’t invite more financial trouble.
Which of the following is true regarding unexpected expenses?
Unexpected expenses are costs that are not anticipated or planned for, such as sudden car repairs or medical emergencies.
To efficiently manage unexpected expenses, it’s recommended to make them a part of the monthly budget. A suggested approach is to analyze past “unexpected expenses”, then estimate their costs and timing, which can provide an estimate of how much should be saved each month.
While basing future expenses on past ones only furnishes savings guidelines, this method can prevent an unexpected expense from turning into a severe financial emergency.
Planning for unexpected expenses by setting aside money from each paycheck can protect individuals from unforeseen financial difficulties.
Understanding what types of unexpected expenses might occur can help in the development of strategies to handle them successfully, reducing the impact of any unpleasant financial surprises.
Yes, all of the statements above are true.
What is not true about unexpected expenses?
Unexpected expenses are entirely out of our control.
Unexpected expenses can be completely avoided.
These unanticipated costs only occur irregularly or infrequently.
You can’t prepare for unexpected expenses.
All of these statements are not true. While the occurrence of these expenses might be unexpected, they’re not entirely unpredictable. Many times, they are the result of poor financial planning or management as they are often unforeseen costs that were not anticipated or included in a budget.
Frequently Asked Questions (FAQ)
It’s advisable to aim for at least 3 to 6 months of living costs for an emergency fund. This acts as a buffer to cover unexpected expenses and offers financial security during unexpected life events like job loss or serious illness.
However, the “right” amount to save varies depending on your personal situation, lifestyle, and financial obligations. Always remember: saving something is better than saving nothing; start small and increase gradually as your income allows.
Financial experts generally advise having an emergency fund equivalent to three to six months of monthly expenses. This guidepost factors in expenses such as food, housing, utilities, transport, healthcare, and other necessities.
However, if you are in a volatile occupation or the sole breadwinner of the family, aiming for a larger fund may be prudent. Whichever your situation, remember it’s not about reaching the benchmark overnight; the key is consistency in saving.
Managing urgent financial liabilities without incurring debt hinges on proactive financial planning.
Building an emergency fund: Start small and deposit to accumulate enough to cover at least three to six months of essential expenses.
Proper budgeting: Maintain a budget, ensuring you live within your means and regularly contribute to savings.
Insurance coverage: Adequate insurance coverage can help circumvent the financial impact of medical emergencies or catastrophic events.
Extra income: Consider a side hustle for additional income to bolster your budget and increase your savings.
Plan Ahead to Avoid Unforeseen Expenses
While unexpected expenses are an inevitable part of life, their financial stress isn’t.
Through effective planning and budgeting, you can cushion their blow, ensuring they don’t throw you into financial turmoil. Around here at Money Bliss, we strive for our readers to have less stress with money.
No matter how well you plan, unexpected costs can still arise from time to time. They can happen quite regularly, which is why it’s crucial to include them in budget planning.
By setting aside a portion of each paycheck in a savings account, you can be better prepared for such costs when they arise.
Remember, every dollar saved is a step towards greater financial stability, helping you to navigate life’s uncertainties with confidence and peace of mind.
Now, make sure you are financially sound.
Source
NOAA.gov. “Costliest U.S. Tropical Cyclones.” https://www.ncei.noaa.gov/access/billions/dcmi.pdf. Accessed December 1, 2023.
Colorado Public Radio. “Most people who lost homes in the Marshall Fire were underinsured, Colorado insurance regulators say.” https://www.cpr.org/2022/05/02/most-people-who-lost-homes-in-the-marshall-fire-were-underinsured-colorado-insurance-regulators-say/. Accessed December 1, 2023.
U.S. Energy Information Association. “U.S. residential electricity bills increased 5% in 2022, after adjusting for inflation.” https://www.eia.gov/todayinenergy/detail.php?id=56660. Accessed December 1, 2023.
BetterPet. “Average emergency vet costs: what to expect.” https://betterpet.com/emergency-vet-costs/. Accessed December 1, 2023.
Mastercard. “Your real-time guide to real-time payments.” https://www.mastercard.com/news/perspectives/2023/real-time-payments-what-is-rtp-and-why-do-we-need-instant-payments/. Accessed December 1, 2023.
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