The Best Parks and Green Spaces in Philadelphia

From the moment William Penn, founder of the Colony of Pennsylvania, set aside Philadelphia’s Five Great Public Squares as part of his “Greene Countrie Towne” city plan, Philadelphia has been recognized for its amazing public green spaces and parks, large and small, urban and woodsy. Nearly every neighborhood contains an inviting, safe, inspiring public space. But what are some of the best?

Fairmount Park

Fairmount Park PhiladelphiaFairmount Park Philadelphia
Fairmount Park

Every discussion of Philadelphia parks must start with Fairmount Park, the largest space within the world’s largest urban park system.

Stretching from the Strawberry Mansion to the Spring Garden neighborhoods, the East Park half of Fairmount Park lies on the Schuylkill River’s east bank. This side features scenic running and biking trails that wind past historic sites such as The Philadelphia Museum of Art and Boathouse Row, with its famous light display, large plateaus near Brewerytown, which include the Sedgley Woods Disc Golf Course and Strawberry Green Driving Range and the vast Fairmount Park Athletic Field, where you can hop into a pickup hoops game or join an organized sports league. For a quieter outing, the recently renovated East Park Reservoir is one of the best bird-watching enclaves in the city.

Across the river, though still in Fairmount Park, the West Park runs from the Wynnefield neighborhood down to Mantua. Here you can take the kids to the first-in-the-nation Philadelphia Zoo, the Please Touch Museum or the John B. Kelly Pool right next door.

For a more adult excursion, take in a concert and an amazing view at the Mann Center for the Performing Arts or fling a Frisbee at the Edgely Ultimate Fields. In the winter, Philadelphians of all ages take to Belmont Plateau for the city’s best sledding hills.

Wooded parks

Wissahickon Valley ParkWissahickon Valley Park
Wissahickon Valley Park

For everything Fairmount Park has to offer, other city parks boast their own perks. The expansive Wissahickon Valley Park extends from Chestnut Hill through East Falls in North Philly. There you’ll find people on mountain bikes and on foot traveling the winding gravel paths of forested Forbidden Drive, youngsters learning while having fun at the Wissahickon Environmental Center Tree House and anglers casting into the trout-stocked Wissahickon Creek.

Running from Bustleton to the Delaware River in Northeast Philly’s Holmesburg section, Pennypack Park is a 1,300-acre wooded creekside hiking and biking oasis that provides nature programs at Pennypack Environmental Center, a full working farmstead with cattle, sheep, pigs and chickens at Friends of Fox Chase Farm, and King’s Highway Bridge, the oldest in-use stone bridge in America.

In extreme South Philly, you’ll find Franklin Delano Roosevelt Park, adjacent to the professional sports complex, which contains a full 18-hole golf course, a nationally-celebrated skateboard park and the Meadow Lake Gazebo, long a popular spot for wedding photos.

The John Heinz National Wildlife Refuge at Tinicum, a little farther south in Eastwick next to the Philadelphia International Airport, is a top hiking, canoeing and fishing spot within a stunning environmentally-protected tidal marsh.

Urban parks

Spruce Street Harbor ParkSpruce Street Harbor Park
Spruce Street Harbor Park
Photo courtesy of Anastasia Navickas

If you prefer parks that feel part of the city rather than those that feel like you left the city, Philadelphia won’t disappoint.

Atop the Circa Centre South Garage in University City is Cira Green, a new rooftop greenspace boasting seasonal coffee carts, summer movies and some of the best views of downtown.

Named by Jetsetter Magazine as one of the “World’s Best Urban Beaches,” Spruce Street Harbor Park at Penn’s Landing is an eclectic recreational sanctuary along the Delaware River with seasonal food and beer trucks, a riverside boardwalk and a cluster of more than 50 cozy hammocks, which hang under spectacular LED lights strung amongst the trees.

From biking to basketball to bird-watching, Philadelphia’s city parks and green spaces offer unlimited means of escape from the bustle of urban life.

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Working Capital Loans – Lexington Law

The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.

According to PricewaterhouseCoopers, average revenues from 2018 to 2019 for businesses were up 10 percent, but many companies still struggled to convert those higher revenues to cash. When a business doesn’t have the cash flow to support daily or growth expenses for any reason, working capital loans might be an option. Find out more about working capital below to help you decide if this funding source is right for your company

What Is a Working Capital Loan?

Working capital loans are a type of funding that helps ensure businesses have the capital they need to continue operating during periods when it might be difficult to cover daily expenses while meeting new demands or growth. For example, if a business has tied up its cash flow in inventory for the holiday rush season, working capital funds can pay the bills—such as employee wages and rent—until holiday revenues are in.

It’s important to note that working capital isn’t meant to make investments or buy long-term assets such as equipment. If you need equipment, you may need to take out a secured loan for it. Working capital loans are meant to cover the standard operating expenses of the business such as regular debt payments, wages, rent and utilities.

Working capital loans help ensure businesses have the capital they need to continue operating during periods when it might be difficult to cover daily expenses while meeting new demands or growth.

Working Capital Financing Options

You can get working capital loans from a variety of sources. Some of the most common options are summarized below.

Short-Term Loan

What is it? You might be able to borrow money for a few months to help fund expenses until seasonal income comes in or a large invoice is paid.

Pros: It might be a good way to balance cash flow during seasonal upticks in expenses or downturns in income.

Cons: Because the terms of the loan are short, the lender may charge a relatively large fee to make money from the deal in lieu of interest paid out over a longer period of time.

Merchant Cash Advance

What is it? A cash advance offered by the bank or agency that handles your payment processes. For example, businesses that accept money through PayPal may be eligible for a Payment Working Capital loan.

Pros: These loans are typically easy to get if you have a solid history processing payments through that bank or agency. That’s because the loan isn’t based on your personal credit or the credit of your business. It’s typically based on how much average revenue you process through that payment method.

Cons: Typically, merchant cash advances are paid back as a percentage of your sales over time. That lowers your cash flow for the immediate future and can make it more difficult to budget for business expenses if you overcommit on the loan.

Bank Line of Credit

What is it? A revolving line of credit that you can draw from and pay back and then draw from again—similar to a credit card.

Pros: A line of credit is flexible and ongoing, which means it’s there when you need it, but you don’t have to draw on it if you don’t need to. It can also be a good way to balance cash flow if your revenue tends to fluctuate.

Cons: You may need decent personal or business credit to get approved for a line of credit. It can also be tempting to rely too heavily on it, temporarily masking serious financial problems until they might be too late to resolve.

SBA Loan

What is it? You can get certain types of loans through programs approved by the Small Business Administration. Some of these loans can be used for working capital.

Pros: While the terms and rates associated with SBA loans vary, they may be more favorable than those of traditional loans.

Cons: SBA loans can be easier to qualify for from a credit perspective, but they do have specific requirements, such as documentation. You may also be limited on what you can use the funds for.

Trade Credit

What is it? Trade credit occurs when you purchase goods on an account and pay for them later. Typically, if you pay within the agreed-upon period, you don’t pay interest on this debt.

Pros: Trade credit is low-cost and is generally a common business practice, which means it might be available to you from various vendors.

Cons: This isn’t a form of credit you can use to cover expenses other than goods purchased, but that might free up some cash for other uses.

Who Offers Working Capital Loans?

Working capital loans are offered by a variety of organizations. Banks, credit card companies and payment networks might all offer working capital loans. Some organizations specialize in this type of lending and work with businesses that can demonstrate a strong historic revenue to provide working capital loans or lines of credit.

Working Capital Loan Interest Rates and Fees

As with any type of lending, working capital loans do cost your business in the form of interest rates and fees. With a few exceptions, such as certain trade credit arrangements, working capital comes with varied rates and costs. If the lender makes money via interest, your own credit or the creditworthiness of the business may be used to determine how much interest is charged.

Some working capital loans don’t include interest. The lender instead charges a flat fee that is incorporated into the total amount paid back during the loan process.

Is a Working Capital Loan Right for Your Business?

As with any form of debt, working capital loans have benefits and disadvantages. Understanding the common pros and cons can help you determine whether working capital loans are a good decision for your business.

Benefits

Working capital can provide the cash influx you need at just the right time. It’s a financial tool for helping businesses cover costs during various seasons or scale up for growth. If you’re careful about how you use the credit associated with working capital loans, they may not be as expensive as some other forms of financing.

Drawbacks

Working capital loans come with some of the same drawbacks of any debt, including interest or other costs. But a bigger potential disadvantage is the temptation to lean heavily on working capital even when you know that your business is in trouble financially. Working capital is meant to be a temporary bridge, not a crutch your business can lean on permanently.

Pros and cons of working capital loans

Other Options for Increasing Your Work Capital

Working capital is a measurement of how well a company can use its current assets to pay its current liabilities. It’s an important statistic for you to be aware of as a business owner, because it indicates how financially healthy your company is. If you need to improve your working capital but don’t want to receive financing from a third party, consider these other ways to increase your working capital:

  • Cutting business expenses, including unnecessary travel or acquisitions.
  • Increasing income by hosting a sale or increasing prices if the market will support it.
  • Collecting past-due invoices.
  • Selling valuable business assets that may not be required at this time.

As you weigh your different options for working capital financing, don’t forget to stay on top of your business credit score and your personal credit score, too. To learn more about the latter, check out Lexington Law’s guide to credit.


Reviewed by Cynthia Thaxton, Lexington Law Firm Attorney. Written by Lexington Law.

Cynthia Thaxton has been with Lexington Law Firm since 2014. She attended The College of William and Mary in Williamsburg, Virginia where she graduated summa cum laude with a degree in International Relations and a minor in Arabic. Cynthia then attended law school at George Mason University School of Law, where she served as Senior Articles Editor of the George Mason Law Review and graduated cum laude. Cynthia is licensed to practice law in Utah and North Carolina.

Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.

Source: lexingtonlaw.com

How to Throw a Holiday Dinner Party on a Budget

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Welcome back to the collaboration between Mint and Brewing Happiness. I’m Haley, the girl behind Brewing Happiness – a blog about celebrating the small healthy choices we make in our lives, complete with recipes for everybody! I’m here to give you tips on living a healthy, happy life on a budget.

The holidays are full of friends, family, and festivities – all of which can be expensive. But I believe that you can host a beautiful and delicious dinner party for your friends and family without breaking the bank. So I’ve put together some tips on how to decorate and what to serve, as well as provided an example dinner party menu.

How to Throw a Holiday Dinner Party on a Budget

1. Thrift your plates.

Don’t fret if you don’t have a collection of nice china just waiting for the perfect occasion. Head to your local Goodwill or favorite thrift store and grab some mismatched plates! They can be fun and festive, or perhaps you’ll get lucky and find a set you love. Thrift store plates are often priced around $0.50 – $2.00, making them an amazingly cost effective way to decorate your table.

2. Use plants and spray paint to help you decorate cheaply.

Eucalyptus and evergreen leaves are a beautiful and seasonal way to bring life to your tablescape without breaking the bank. If you want to get even more festive, get a can of gold or silver spray paint, and buy some cheap decorations from your local Dollar Store. Once you spray them gold, they will look like an expensive and beautiful table decoration!

3. Make it a BYOB event.

Food and decorations are expensive enough; don’t add to your budget by also providing alcohol for everyone. Make sure your guests know it’s a BYOB event, that way you can just focus on the food and bringing people together!

4. Serve soup as your main course.

Soup is cost effective, cozy, nourishing, and easy to make. It will take the stress away from an elaborate main course, and everyone will leave feeling satisfied. Check out the example dinner party menu below for recipe ideas!

5. Make it meatless.

A vegetarian dinner party will simply be cheaper to make, because meat is an expensive addition to a meal. I promise, with the menu I’ve provided, no one will leave feeling hungry. Plus, the holidays are already full of heavy, unhealthy food – why not lighten it up a bit?

6. Don’t go overboard with desserts.

You probably have a house full of desserts around the holidays, so don’t go crazy making tons of cookies for your guests. Instead, try repurposing some of the food gifts you’ve been given by serving them to your guests. Or you can make just one kind of cookie, but I wouldn’t suggest more – people are already overloaded with sugar this time of year.

Example Menu

  • Appetizer – Polenta Cranberry & Brie Bites, makes 10 bites / total cost $11.62

INGREDIENTS

  • 1 tube pre-cooked polenta / $1.99
  • 1 block brie cheese / $6.99
  • 1 cup arugula / $1.99
  • ¼ cup dried cranberries / $0.65
  • honey, drizzled

INSTRUCTIONS

  • Preheat the oven to 450.
  • Slice your polenta in ½ inch thick rounds, and lay them flat on a baking sheet lined with parchment paper.
  • Drizzle with olive oil, and bake for a total of 20 minutes, flipping halfway.
  • After 20 minutes, remove the polenta and turn the oven on broil.
  • Top each polenta round with a slice of brie and put back in the oven to broil for 2 minutes, or until the cheese is melty.
  • Top each round with arugula, cranberries and a drizzle of honey.

SERVE IT UP!

TOTAL COST : $53.48 / $48.83, serving 6

The pricing estimates on each recipe are based on prices at my local Whole Foods in NYC, so they can vary depending on your location. They do not include the price of “pantry staples” like olive oil, spices, honey, etc. The exact cost will change depending on those elements, but generally I think it’s possible to have a dinner party that costs about $10 per head including decorations!

Don’t be afraid to invite people over for dinner this holiday season, and make it a party. There are tons of ways to make hosting a dinner party cost effective! I hope my suggestions and meal plan inspire you to give it a try. Happy holidays, folks!

Follow along!

Over the next few months I’ll be covering a variety of ways to be healthy on a budget. Keep an eye out for those and head over to Brewing Happiness for healthy recipe inspiration in the meantime!

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Source: mint.intuit.com