Inside: Are you looking for ways to make money quickly and easily? This guide has a variety of tips and tricks to help you make 1000 a day.
Making money is something that everyone is interested in. And why wouldn’t we be? Money gives us the ability to buy the things we want, travel, and live a lifestyle that most people can only dream of.
But what if I told you that it was possible to make $1000 a day? Would you believe me?
Well, in this blog post, I’m going to show you some of the best ways to make money really fast.
So if you’re looking to make some quick cash or consistent income, then this is the post for you!
In this post, I will share with your some of the best ways that I know of to make money $1k a day on a regular basis.
So if you’re ready to learn how to make 1000 a day, then let’s get started!
Is it possible to make $1000 a day?
Yes, it is possible to make $1000 a day.
In fact, this is something I regularly do (see picture to prove it).
However, achieving this goal requires commitment, hard work, and a solid plan. Factors that contribute to achieving this goal include finding a method that works for you, sticking with it, and putting in the necessary effort.
Additionally, having a unique skill set and interest in a particular method can increase the chances of success.
How to make $1000 a day?
Making $1000 a day is an appealing goal for many people, whether it’s a one-time need or a consistent source of income. Fortunately, there are several ways to achieve this goal.
Here are the top ways to make $1000 a day:
Start a high-paying job: Some jobs pay over $300k a year, and while they may require advanced degrees and education, there are also a few that don’t require a college degree.
Offer high-value services: You can offer services such as pet-sitting, tutoring, design work, or writing to make money.
Start a business: You can start a business that generates $1000 a day, such as a digital marketing agency, freelancing, or a service-based business.
Sell items you no longer need: You can sell items on eBay, Craigslist, or other online marketplaces to make quick cash.
Let your money work for you: You can invest in stocks and shares, real estate, or property to earn upwards of $1000 a day.
While each method has its own advantages and disadvantages, with the right strategy and dedication, making $1000 a day is achievable.
So, get started today and see how much money you can make.
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Best ways to make 1000 a day
We’ve compiled a list of our favorite ways to make money really fast – specifically $1k a day!
Many times, you will have to invest 100 to make 1000 a day.
If you’re looking for ways to make some extra cash, or even earn a full-time income, this post is for you.
1. Freelance Writing
Freelance writing is a great way to make extra money or even replace your full-time job. There are various types of content that freelance writers can specialize in, such as long-form content or shorter direct-response copywriting.
With freelance writing, you can earn over $.50 or even $1 per word, which means that a 1,000-word article could net you $1,000 quickly.
To start, you need to establish a portfolio of your work to pitch to new clients. This portfolio should include links to any relevant articles or copy you’ve written that’s related to the client you’re pitching. If you don’t have a portfolio yet, you might need to do some work at lower rates to get your foot in the door.
Even if you don’t consider yourself a writer, don’t strike it off the list just yet. With the right approach and mindset, anyone can become a successful freelance writer.
2. Crafting
Crafting offers many benefits beyond just making extra cash. It allows for flexibility in your schedule, creativity in your work, and the ability to turn a hobby into a lucrative business.
If you are creative and have a talent for creating handmade items, then starting a crafting business is the perfect way to monetize that skill by doing something you enjoy. There are plenty of crafts to choose from and you may even become an instructor!
The most difficult side is you are trading your time for money and it may be difficult to scale.
3. Day Trading Stocks
Day trading stocks is a high-risk, high-reward investment strategy that involves buying and selling stocks within a single trading day. It requires a great deal of knowledge, discipline, and risk management to be successful.
However, there is a large group of us who have made the $1000 in a day club.
Successful day traders use a combination of technical analysis, risk management, and discipline to make profitable trades.
This choice requires discipline, a proper trading education, knowledge, and risk management.
Trade and Travel with Teri Ijeoma is a popular course that investors can take to learn about trading stocks and options and begin their journey to making $1,000 a day.
4. Trading Options
Trading options can be a lucrative way for seasoned investors to make money.
With options, investors can speculate on different stocks with only a fraction of the investment capital needed to buy the stocks outright.
Investors who are familiar with investing in individual stocks can take the next step in the process by trading options. While options may seem exotic on the surface, they are a common tool used by seasoned investors and are especially valuable during volatile activity in the stock market.
To trade options successfully, investors need research skills, investing knowledge, discipline, and patience.
Trading options can be a high-risk option, especially for those who lack expertise in the area. However, it can be extremely lucrative for those who have experience and knowledge in the stock market.
Investors should consider taking courses to learn more about trading options.
5. Youtube
YouTube can be a great source of income for those who are willing to put in the effort to create quality content. It offers multiple ways to generate revenue, including sponsorships, affiliate marketing, and Google Adsense.
With the right approach, it’s possible to make $1000 or more per day on YouTube.
Remember, success on YouTube takes time and hard work, but the potential rewards are significant.
6. Selling on Amazon
Selling products on Amazon can be a highly profitable business opportunity.
Amazon FBA, or Fulfilled by Amazon, is a business model where you send your inventory to Amazon warehouses and they handle the rest, including storage, shipping, customer service, and returns.
This makes it a great option for digital nomads and those looking to scale their business quickly.
With an average profit margin of $20 per sale, it’s possible to make $1,000 per day by selling just 5 units per day of 10 different products.
7. Sell Printables Online
Selling printables online has become a popular way to make passive income.
With the rise of digital products, creators can sell anything from coloring pages to budget spreadsheets on platforms like Etsy. Thousands of creators make a living selling digital products, and it’s easy to see why.
Learn how these sellers got started.
The key is to pick a topic you’re knowledgeable in and passionate about, so you can create high-quality products that people will want to buy.
8. Dropshipping
Dropshipping is one of the best ways to make $1000 a day, especially for those looking to start a business with minimal initial investment.
This business model allows entrepreneurs to sell products to customers without ever holding a single piece of stock.
Dropshipping is a viable and profitable business model that can generate high profits without the hassle of managing inventory. With the right niche, platform, supplier, and marketing strategy, entrepreneurs can make $1000 a day or more with dropshipping.
9. Consulting
Consulting is one of the best ways to make $1000 a day!
It’s a lucrative career option that allows you to provide expert advice to clients and help them solve problems.
The first step to becoming a consultant is to determine your area of expertise. This could be anything from personal finance to marketing to human resources. Your expertise should be something that you have significant knowledge and experience in.
One of the most important aspects of becoming a consultant is building your network. This includes reaching out to potential clients, attending networking events, and connecting with other professionals in your field.
10. Become a Virtual Assistant
Being a virtual assistant can be a great way to make money while setting your own hours.
As a virtual assistant with no experience, you can work from home and typically on your own schedule. You can choose to work part-time or full-time based on your availability and the workload of your clients.
The tasks that you are asked to perform as a virtual assistant can vary widely, but commonly needed skills include administration, accounting and bookkeeping, marketing, communications, customer service, and many other capacities.
You don’t need special skills or training for this job, as most clients will bring you up to speed on what they need to do. However, having organizational, communication, and time-management skills can be helpful.
Check out the checklist to get started as a virtual assistant.
11. Side Hustles
Side hustles are a great way to earn extra income and supplement your regular income. With a little effort and some creativity, you can make up to $1000 a day with certain side hustles.
Here are some of the best side hustles that can help you achieve this goal:
Deliver food: You can make good money by delivering food with these apps. You can choose your own hours and work as much or as little as you want. DoorDash is a great option.
Drive with ridesharing apps like Uber and Lyft: If you have a car and some free time, you can earn money by driving people around. You can make up to $1000 a day, depending on how much you work.
Pet sit or walk dogs: If you love animals, you can make money by pet sitting or dog walking through Rover.com. You can earn up to $50 per day, depending on the services you offer.
Babysit or tutor: If you have experience with children or are good at a particular subject, you can offer your services as a babysitter or tutor through Care.com. You can make up to $50 per hour, depending on your qualifications.
Side hustles are a great way to make extra money and reach your financial goals.
12. Start a Business
Starting a business is one of the most effective ways to make 1000 dollars a day on a regular basis. However, it requires careful planning and execution to succeed.
The first step is to research the market and identify a profitable business idea and build it to profitability.
Challenges may arise, such as competition, financial setbacks, and marketing difficulties, but with persistence and determination, you can overcome them and achieve financial success.
The potential for significant financial gain from starting a successful business is immense, making it a worthwhile endeavor for anyone willing to put in the effort.
13. Yard Work
Yard work is an excellent way to make $1000 a day, especially if you have some extra time and don’t mind getting dirty.
If you want to get up and running quickly, there is nothing better than a local side hustle to earn extra money such as mowing lawns in your neighborhood.
Mowing lawns is not only a great side hustle for adults but also for teens. For an average size lot, you could expect to make at least $35. If you could line up a few lawns each weekend, you could easily make an extra $1000 each month.
Landscaping, leave pickup, and bush trimming are all simple tasks that you can complete quickly if you have the right equipment. You can choose to set an hourly rate or get paid for the entire job, depending on the task.
You may have to start hiring crews in order to hit $1k a day.
14. AirBnb or VRBO Rentals
Airbnb or VRBO are popular platforms for renting out your property to travelers.
Many successful hosts have earned $1000 or more per day because they have accumulated more than one property.
One tip for success is to garner excellent reviews that people want to come back time and time again.
15. Affiliate Marketing
Affiliate marketing is a lucrative way to make money online and has the potential to earn you $1000 a day.
This works well for influencers who have a reach of thousands of people. Another way is creating a niche website that focuses on a specific product or market segment.
It’s essential to promote products effectively to generate revenue. Successful affiliate marketers have earned six figures or more per year.
16. Flip Products or Retail Arbitrage
Retail arbitrage is a popular business model that can help you make $1,000 per day or more. The premise is simple – buy or find things cheap and resell them for a higher price.
This is a great example of how to flip money.
To be successful, you’ll need to have an eye for the right product and do product research to choose products that will sell.
Here is a list of the most popular items to flip.
17. Pickup Services
Pickup services refer to businesses that provide transportation and delivery services for goods, furniture, or other items. These services are in high demand, especially in urban areas where people are always on the move and need help with moving heavy or bulky items.
Starting a pickup service business requires some equipment, such as a truck or van, and marketing strategies to attract customers.
So, if you are looking for a new side hustle or business opportunity, consider pickup services as a viable option.
18. Casino Gambling
While casino gambling is not a recommended way to make $1000 a day, it is still worth mentioning as a potential option.
However, it is important to note that gambling should always be done responsibly and within one’s means.
If you are considering casino gambling as a way to make quick money, it is essential to understand the most profitable games and their strategies. Here is an ordered list of the best casino games to play to make money:
Blackjack: This game has one of the lowest house edges, making it a popular choice for professional gamblers. The objective of the game is to beat the dealer’s hand without going over 21. The key to winning at blackjack is to use basic strategy, which involves making the mathematically correct decisions based on the dealer’s upcard and your own hand.
Craps: This game has a low house edge and offers a variety of betting options. The objective of the game is to predict the outcome of a roll or series of rolls of the dice. To win at craps, it is essential to understand the different bets and their odds and to follow a betting strategy that suits your playing style.
Baccarat: This game is easy to learn and has a low house edge. The objective of the game is to bet on the hand that will have a total of 9 or closer to 9. The key to winning at baccarat is to understand the different bets and their odds and to follow a betting strategy that suits your playing style.
When playing these games, it is important to practice good bankroll management by setting a budget for yourself and sticking to it. It is also crucial to know when to quit to avoid losing money.
A winning streak can lead to making $1000 a day, but it is important to be cautious and not get carried away.
19. Freelance Graphic Design
Graphic designers create visual concepts using computer software or by hand to communicate ideas that inspire, inform, and captivate consumers. They work on various projects such as branding, marketing materials, website design, and more.
Freelance graphic design is a lucrative option because there is always a demand for graphic design services, and businesses are willing to pay top dollar for high-quality designs.
By building a strong portfolio, staying up-to-date with the latest design trends, and providing excellent service to your clients, you can earn a substantial income as a freelance graphic designer.
20. Make Money Flipping Items
Flea market flipping is a great way to make some extra cash on the side or even turn it into a full-time business. It involves buying items for a low price and reselling them for a profit.
One couple, Rob and Melissa Stephenson, have become full-time flea market flippers and even host their own website, Flea Market Flipper, to help others find success in the venture. They offer several courses to help individuals turn this into a serious side hustle or even a full-time business earning six figures.
Learning from successful flea market flippers like Stephenson’s can be a great way to get started. They have the skills and knowledge to help individuals find valuable items, network, and use social media and photography to their advantage.
21. Photography
Photography is a lucrative career option that has the potential to generate high income or as a side hustle.
There are different types of photography that one can explore to make money, including wedding photography, family photography, real estate photography, and stock photography.
By building a strong portfolio, networking, finding clients, investing in high-quality equipment, and constantly improving your skills, you can become a successful photographer and make a great income. Don’t underestimate your potential in this field.
22. Rental Income
Passive income through rental properties is a great way to generate consistent long-term income. Here are the steps to follow in order to make $1000 a day through rent income:
Find a suitable property: Look for properties that are priced reasonably, require minimal renovations, and are located in areas with high rental demand. You are likely to start making $1000 a month.
However, the earning potential is dependent on the ability to scale multiple properties, keep them occupied, and increase monthly income streams.
Investing in rental properties can be a lucrative and rewarding experience for those willing to put in the effort.
23. Amazon Merch
Amazon Merch is a platform that allows you to create and sell your own merchandise on Amazon. It’s an excellent way to make money because Amazon handles all of the heavy lifting, such as printing, shipping, and customer service.
Using Amazon Merch, you can sell a variety of products from t-shirts to phone cases, and best of all, you don’t need to invest in inventory or equipment.
All you need to do is create the designs.
Successful Amazon Merch sellers include graphic designers, artists, and entrepreneurs who have created unique and appealing designs that resonate with their target audience.
24. Creative Skills like Video Editing
Creative skills can be a valuable asset when it comes to generating income. Video editing is another skill that can be monetized.
With the rise of video content, businesses, and individuals are always in need of skilled video editors. One can offer video editing services for YouTube creators, and businesses, or even edit personal videos for clients.
Freelance platforms like Upwork and Fiverr are great places to find video editing jobs.
25. Fashion Design
Fashion design is one of the most lucrative ways to make money, and it’s an industry that’s always in demand.
Whether you’re interested in starting your own fashion label, working for a fashion house, or becoming a freelance designer, there are plenty of opportunities to make a living in this field.
Marketing yourself is also key to success in fashion design. Use social media platforms like Instagram and Pinterest to showcase your work and build a following.
Networking is also an important part of building a successful career in fashion design. You must stay up-to-date on industry trends, make valuable connections, and potentially land new clients or job opportunities.
Create a website or blog where you can share your designs, offer fashion tips, and connect with potential clients.
Pay attention to industry trends, stay creative and original, and focus on developing your skills and building your brand. Then, there are plenty of opportunities to make a living in this exciting and dynamic industry.
26. Start a Blog
Many people say blogging is dead. But, it’s not.
Starting a blog can be a great way to share your interests, skills, and experiences with others while also creating a new income stream for yourself. The flexibility of blogging allows you to turn your current job or passion into a successful blog.
However, starting a blog can be challenging, and it requires technical knowledge, writing ability, social media skills, and topical expertise.
Once you have started your blog, it’s essential to treat it like a business and monetize your content.
27. Self-Storage Business
Self-storage business is a lucrative venture that involves renting out storage units to customers who need extra space for their belongings. These businesses are in high demand, especially in urban areas where living spaces are often small and cramped.
In fact, the self-storage business is expected to bloom to $64.17 billion by 2026.
Starting a self-storage business can be a profitable venture if done correctly.
28. Invest in Cryptocurrencies
Cryptocurrencies have gained popularity as a potential source of significant income. Bitcoin, Ethereum, and Litecoin are some of the best cryptocurrencies to invest in.
To invest in cryptocurrencies, one must first set up a digital wallet and choose a reputable exchange such as Coinbase or Bitstamp.
It is important to research the market and understand the volatility of cryptocurrency before investing. While the potential for high returns exists, it is important to approach cryptocurrency investing with caution.
29. Invest in Real Estate
Investing in real estate can be a lucrative way of making money.
To make $1000 a day through real estate investing, there are several steps you can take.
First, set aside a few hundred dollars each month to invest in real estate over time.
Second, consider the different types of real estate investments available, such as rental properties, commercial properties, and fix-and-flip properties. Each investment type has its own advantages and disadvantages, so it’s important to research and choose the one that fits your financial goals.
Third, consider investing in real estate investment trusts (REITs) or crowdfunding platforms like Fundrise, which allow you to invest in real estate without purchasing a property.
Remember that investing in real estate carries a degree of risk, so it’s important to do your research and seek advice from successful real estate investors.
30. Make Money on the Internet
Making money online has become a popular option for those looking to earn a substantial income. The internet provides a wealth of opportunities for anyone with an internet connection and a bit of creativity.
You need to learn how to make money online for beginners.
There are so many options today and you never have to leave your house!
When it comes to making $1000 a day online, it’s important to acknowledge that it’s not a quick or easy process. It takes time and effort to build a successful online business or generate significant income through freelance work or other online opportunities.
However, with dedication and hard work, it is possible to achieve your financial goals.
How to make $1,000 really fast?
If you’re in a financial bind and need to make $1,000 quickly, there are several options available to you.
Here are the top ways to make $1,000 a day quickly:
Sell items on eBay or Craigslist: If you have items that you no longer need, consider selling them online. This could include clothes, furniture, or electronics. This is a quick and easy way to make money fast.
Offer freelance services: You can offer services such as tutoring, design work, or writing. If you have a specific skill or talent, you can find customers online who are willing to pay for your services.
Do odd jobs for people in your community: You can offer to mow lawns, rake leaves, or shovel snow for a fee. This is a great way to make money quickly, especially if you live in an area with a lot of homeowners.
Participate in paid focus groups or surveys: This is a great way to make money quickly without leaving your home. Companies are always looking for feedback on their products and services, and they are willing to pay for it.
Rent out a room in your home on Airbnb: If you have a spare room in your home, you can rent it out on Airbnb and make money quickly. This is a great option if you live in a popular tourist destination.
Manage social media accounts: Many businesses need help managing their social media accounts, and they are willing to pay for them. If you have experience with social media, this could be a great way to make money quickly.
Start a blog: If you have a passion for writing or a specific topic, you can start a blog and sell advertising space or products/services to your readers. This takes some time to build up, but it can be a lucrative way to make money in the long run.
Sell handmade crafts or goods online: If you’re crafty, you can make items and sell them online, such as on Etsy. This is a great way to turn your hobby into a money-making opportunity.
Borrow money from friends or family: This is not an ideal option, but if you’re in a bind and need money quickly, consider asking for a loan from someone you trust.
Pawn items for cash: This is a last resort option, but if you have items of value, you can pawn them for cash quickly.
Don’t be afraid to try different methods and see what works best for you.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
FAQ
Passive income is a form of earnings that is generated without active involvement.
It is a way to make money while you sleep and can provide financial stability and independence.
This is one of three types of income and the one you want to strive towards building.
Ultimately, the best side hustle for making $1000 a day is one that meets your needs and interests while providing a good return on investment.
Here are several factors to consider before choosing the best option.
Think about your skills, interests, and availability. If you have a full-time job, you may want to consider a side hustle that allows you to work flexible hours.
Next, consider the earning potential of the side hustle you are considering. Some side hustles pay more than others, and you want to choose one that will give you the highest return on investment.
Additionally, consider the start-up costs associated with the side hustle. Some require significant investment, such as buying a car for ride-sharing apps or purchasing an online course.
Most importantly, choose a side hustle that aligns with your passion and expertise. This will make the work more enjoyable and increase your chances of success.
There are many ways to make money from your expertise.
You can start a consulting business, offer services such as coaching or speaking, create and sell information products, or build a following and sell advertising or sponsorships. The possibilities are endless.
What’s important is that you start somewhere and then take action to turn your expertise into cash.
Ready to Make 1000 in a Day?
There are many ways to make money quickly and easily.
The best way to make money fast is to find a way that best suits your skills and interests.
Whether it’s graphic design, content creation, photography, or trading stocks, there are plenty of opportunities to turn your passions into profit. So, start honing your skills and explore the endless possibilities of the gig economy.
Learning how to make quick money in one day is possible. You just need to be determined and disciplined.
So, which method do you choose on how to make $1k a day?
Know someone else that needs this, too? Then, please share!!
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.
The ripple effect of a financial mindset can be seen in every aspect of your life.
Think about it: If you are not mindful of how you spend and save money, then you will be in a constant struggle each and every month.
If you are simply someone who is struggling to make ends meet, there are many things we can do to save money. If you are trying desperately to reach financial freedom sooner, then you need these best money hacks to make it happen sooner.
Around here at Money Bliss, we spend a lot of time on our money mindset and setting goals.
Everyone is in a different season with their finances.
But, one thing is true… Most of us never learned proper money management.
Do you find yourself in a constant cycle of financial struggle? Do you feel like you are constantly trying to live up to unrealistic standards?
It is easy for people to feel that they are constantly broke, and in some cases this is true. But, it is also important to remember that there are ways in which you can make more money and start saving for your future.
Since changing money habits does not always come easy and often requires some serious changes in our mindset, we are here to support you to find the top money hacks.
Read on as we share 50+ ways you can start saving more money as well as making more money while also saving your sanity!
What are Money Hacks?
Money hacks are the ways in which people stretch their money.
These money hacks can come from a variety of sources, such as personal experience, family members or friends, and other individuals on social media.
Money hacks can come in many forms such as:
Simple money saving hacks
Ways to make money on the side
Strategies to make every dollar count
Thrifty ideas to be more frugal
Ideas to be more conscious of our waste
All in all, money hacks will help you to spend less money. Thus, saving more money.
As you will learn at Money Bliss, saving money opens up doors of opportunities
Best Money Hacks
Money hacks are ways to build long-term wealth.
Even though most of the hacks for money include quick saving wins, over the long term, you will actually start a snowball effect of more money in your bank account.
Sometimes, it can be difficult to find the motivation to save money, but these 7 best real money hacks will help you reset your financial mindset and start saving!
The best money hacks are the overarching big picture concepts that you must master for long-term success.
1. Think Big
Open up your mind.
One way to reset your financial mindset is by opening yourself up to new ways of thinking about spending and saving.
Too often, we are focused on what is directly in front of us instead of thinking about the big picture.
A great way to think big with your finances is to decide how you want to live life with intention.
2. Habit of Saving Money
Get back in the habit of saving.
If you have been beyond your means or barely scraping by, the best way to get back on track is by saving at least 20% of your income.
This may seem a little ludicrous. However, by prioritizing saving first, you will be pleasantly surprised how well you live off the rest.
In this post, there will be so many simple and easy ways to start saving today.
3. Make a Plan for Your Money
Create a spending plan (aka that dreaded word budget).
Creating an outline for what you want and need will help you to make smarter decisions about your spending.
This concept has been made too difficult over the years.
The bottom line is you want to spend less than you make. So, make a plan for that to happen today.
4. Make Money on the Side
This one is huge!
Personally, making extra money has been a priority for the last 5 years. We spent many years trying to cut our expenses and hating our inability to actually spend less as a growing family. So, we changed our focus to finding ways to make more money instead.
Start a side hustle. If you are not making enough to live comfortably, start a side hustle! Use your unique skill set to make extra cash.
Pick up a second job or ask for more hours.
There are plenty of ways to make money fast.
5. Invest in Stock Market
This means a way to make money or increase your net worth. AKA make your money work for you.
Too many times, the concept of investing is big and scary. The thought of starting is way too overwhelming. So you put it off until next week or next month. Then, a couple of years go by and you have not invested your money.
That is the biggest financial mistake you can make.
Start small by investing in an index fund. Each month consistently add more money.
If you want to learn to trade stocks, then you must enroll in the best investing course I have found.
Read my in-depth investing course review.
6. Pay Off Debt
Ugh… debt is the cash flow killer.
You are unable to make forward progress if you are straddled by debt.
Figure out how to pay off debt ASAP.
When calculating how long it will take to pay off high-interest debt, you should consider paying the highest interest rate first. Here is the best debt payoff app available.
7. Watch Your Spending
Be mindful of your spending.
This is a great practice that many people need to start doing again, regardless of how much money or how little money they have.
Every few months, you need to evaluate your spending to see if it matches up with your values.
As you can imagine there are many money hacks that can help you save, but the list above is the money hacks that will make the biggest difference the quickest. Below we have many more money hacks for you to explore.
Hacks for Saving Money
Money app hacks are small, quick, and easy ways to improve your finances.
They can range from things like automating your budget or creating a money jar that pays for itself, to more complex solutions like changing your tax withholding or moving money around to get a higher return.
Honestly, there are so many life hacks for saving money.
8. Automatic Savings
This is a practice of automatically transferring money from your checking account into your savings account on a regular basis.
It is best to set a transfer amount and stick to it.
Since it is easier to save your money before you spend it, you must save as much money as possible in order for this strategy to be effective.
9. Financial goals
A financial goal is a long-term, quantifiable expectation for how much money you want to have, or what you plan on doing with your money. Your goals can be as simple as saving for the down payment on a house or as involved as saving for retirement.
Our financial goals allow us to set specific, numerical targets that help us achieve our desired lifestyle in a more concrete way.
You must set smart financial goals.
10. What brings you joy?
At the end of the day, it is important to remember that life is all about finding what brings you joy.
The question is open-ended, but your money must line up with what brings you joy.
Spend a few minutes and stew on the question.
11. Build an emergency savings fund
Building an emergency savings fund is a great idea if you are in the habit of saving money and want to make sure that you have some money saved up when times get rough.
If you are struggling to save, there are a few ways you can increase your savings.
For example, you might be able to set up automatic transfers from your checking account into an investment account. You should also make sure that you have a way to save money outside of your checking account.
Saving cash in a jar or saving up coins are ideas for some people.
12. Invest spare change
If you go shopping and buy something, most stores will give you change. If you use a debit or credit card, you can do the same thing with help of a popular app!
Simple money hack: investing your spare change.
In order to invest your spare change in an account, you can open one for as little as $5. Acorns then automatically invest the money from your checking account and into a savings acorn account.
As the round-up feature continues to add upon each purchase, it is a good idea to invest in this app so that you can save more dollars!
13. Challenge Yourself to Save
If you are looking to save money, it is best to set up a budget that includes challenging yourself.
A great way to do this is with the no spend challenge.
A no-buy is when you decide to simply not make any purchases for a certain amount of time.
A no-spend is when someone decides to not spend any money in a certain period of time.
When you are struggling with spending too much money and want to reset your wallet, then give up spending money. Period.
14. Join a buy nothing group
The buy nothing groups are a growing movement that started in order to help people cut their ecological footprint, save money, and break free of consumerism.
This is a great way to find things you need as well as declutter your house.
15. Negotiate everything
The key to successful negotiation is preparation.
Research the company’s past sales, price changes, and discounts offered in order to get a better understanding of what you’re negotiating for.
Don’t be afraid to negotiate.
What is the worst thing that can happen when someone says no!?!
16. Refinance Your Mortgage
It is never too late to refinance your mortgage.
In fact, it might be a good idea if you’re in the market for a new home or refinancing your loan on an existing property.
You must weigh the costs of refinancing to how much you will save over the time period of the loan.
Ask around for mortgage broker recommendations and get at least two quotes.
17. Downsize your Home
Downsize your home is the term for reducing a residence in size. This can be done by either moving to an apartment or buying a smaller house. There are many benefits of downsizing, including living a more affordable lifestyle and having less upkeep.
Downsizers use their homes as investments and save money on rent or mortgage payments.
18. Cut the cord
With the internet becoming accessible to everyone, people have started cutting their cable and watching shows online. People can save up to $500 a year by cutting cable from their bills.
Cut the cable & stop watching TV!
19. Learn about Finances
Ask for help.
If you are struggling, there is no shame in asking for assistance from your friends or family members.
The goal is to get ahead with money and not keep digging further into a hole.
Check out any of our courses to help you.
20. Save for What You Want
Decide what you want most and work towards it with the money you have now, instead of waiting for a windfall or a large inheritance.
This may mean setting aside $200 a month.
For example, as a reminder of your long-term goal of buying a beach property, you may buy something you would hang in the new place. Every time you see it, you will be reminded of what you are saving towards.
Budget Hacks
Financial hacks are not unusual.
Since it is so easy to overspend, you must know a few budgeting hacks ahead of time.
21. Need vs Want
A want is a desire for something, while a need is something that fulfills the requirement of your body like food or shelter.
When you think about buying something, ask yourself if it is a want or a need.
By uncovering needs vs wants, you are quickly able to find ways to spend less and save more.
22. Avoid Temptation
To avoid temptation, it is important to maintain a healthy amount of physical and emotional distance from the things that tempt you.
Sometimes, spending triggers are easy to avoid but other times they’re not.
However, people should always be aware of their temptations and try to stay away from them because it will lead to unnecessary debt or stress in the long run.
23. Practice the 30-day rule
Many people wonder what’s the 30 day rule with money…
The 30-day rule is the principle that states that you should practice a new habit or stop an old habit for at least thirty days before expecting success.
When it comes to your money, it means to wait thirty days before making big purchases or changes.
24. Keep a Budget Binder
A budget binder is an important tool that helps people keep track of their finances.
The binder can help people plan out their finances by providing a place to record expenses and income.
Keeping a budget binder is an effective way to track your spending and keep yourself accountable.
By keeping it, you can easily plan for future expenses in advance as well as see what money could be saved or spent on different items over time.
25. Get a spend tracker and use it regularly
Track your spending for 30 days. It can be a good idea to track your spending for at least a month to get an idea of what you’re spending and where.
A spending tracker is a tool that helps people keep track of how much they are spending on a certain item. It is important to use this tool regularly in order to be able to see patterns in your spending.
Then, review your spending. Share it with a trusted friend or family member to come up with some goals to reduce expenses in order to save money.
26. Create a budget
Create a budget, and follow it.
When you schedule your spending, make sure to leave room for savings. This is the easiest way to ensure that you can stick to your budget.
Find more budgeting resources on our site.
27. Pay Bills on Time
This should be a simple statement that we all know. However, life can throw curveballs.
Try to pay your bills on time and in full every month, and make sure all of your bills are paid each month.
This will show lenders that you are responsible and that you are taking care of your credit. Plus you don’t rack up those pesky late fees and high interest rates.
28. Avoid Missed Payments
Don’t miss any payments, and pay off your balances each month to avoid paying high interest rates or fees on late or missed payments.
Read again… do not miss paying your bills.
29. Reconcile Your Checking Account
Balance your checkbook monthly. Okay, no one really uses a checkbook anymore, but you can still do this with pen and paper.
Even better, use Quicken as a simple way to balance your checking account. Read my Quicken review.
This is a great way to check for being charged too much or find a subscription you don’t use anymore.
30. Avoid Summer Budget Busters
Avoid spending money for the summer by just being conscious of your spending and reviewing what is different than the norm.
It is too easy to get into the trap of spending money because the weather is warm.
31. Review your Credit Card Statements
If you’re like most people, you probably review your credit card statements once every six months.
What’s the best way to go about reviewing them?
It depends on how often you use your credit card, how much debt you have, and what your credit score is. You should review your statements at least once a year if you’re carrying a balance on your credit cards.
If you use your credit card, then you should review your statements at least monthly.
32. Use the Cents Plan Formula
While the 50/30/20 budgeting rule is popular, our method of budgeting your money will be more helpful.
Learn how to divide your income into various categories.
Check out the Cents Plan Formula.
33. Use Cash
Use cash instead of credit cards to spend, which will make it easier to limit yourself to how much you can spend.
The envelope system helps you save money by only spending from one designated cash stash each month and withdrawing a set amount for different types of expenses (like groceries).
34. Spending Freeze
Implement a spending freeze, which helps you get used to not buying things for an allotted time so that when the freeze is over, it’s easier to buy what you want.
You will be surprised how much random online shopping you do.
Begin your spending freeze now.
35. Use a Budgeting App
Use your bank’s budgeting tools, like Quicken, which can help you track how much money is coming in and out of your account.
This is the simplest way to manage your money wisely.
Using a money app or a personal finance website can help you to stay organized and get more creative about your budgeting.
Check out this list of the best budgeting apps available.
Hacks to Make Money
Hacks to make money are a list of ways to generate income for yourself. Many ways to make money include blogging, affiliate marketing, or day trading. These money making hacks are great, but they can take more time and energy invested.
36. Use cash back apps
Cash back reward apps like Ibotta are a way to get extra money for your purchases.
They take some time getting used to and you only have access to partner stores that offer cash-back offers. It only takes a few seconds to make some extra cash.
Check out the best cash back apps available.
37. Ask for a Raise
A raise is an increase in pay for a job, labor, or service.
If you are concerned about asking for a raise, then you are missing out on lost money.
Your boss may be receptive to it, then try negotiating more money. Not only will this be good for your career, but also the relationship between you two can improve as well.
38. Get a side hustle
A side hustle is an additional job or career, usually, one that requires only a small amount of time and effort.
For example, someone who wants to work on the weekends might start a side hustle as a bartender.
Side hustles are a form of entrepreneurship that allows you to earn money and do little tasks. They are not difficult or time-consuming, but they can still help you make extra cash on the side.
Pick one of the best gig economy jobs.
39. Rent out a part of your home
A part of your home is often a room, which can be rented out on Airbnb.
Airbnb is the largest and most successful company in the world that lets people rent their extra space or properties. They are a well-known company that provides an easy way for people to make money from their extra space.
Use Neighbor to lend out your space in your home.
40. Declutter: sell your junk for cash
Decluttering is the act of getting rid of excess or unnecessary items.
In order to declutter, you must be willing to give up something that has been a part of your life for a long time. It is important to remember that decluttering does not have to be a quick or easy process.
Then, sell your stuff on Facebook Marketplace, Nextdoor, eBay, etc.
Learn more at Flea Market Flippers.
41. Earn Money While Watching TV
Although it is not a fast way to get rich, this can be used as a side hustle.
It’s better to use the money earned from watching TV or something else that takes up your time for other things like bills and groceries.
Survey platforms are online sites that allow people to earn money while watching TV.
The survey platform will send surveys through the mail or email, and then they can choose whether they want to take the survey for a set reward amount or if they would like cash back on their purchase.
One of these options is MyPoints, which allows users to earn points by completing tasks such as taking surveys and shopping online at specific retailers.
Others include:
42. Maximize Your Income
Find ways to increase the amount of money you bring in, whether that’s through a side hustle, increasing hours at work, or asking for a raise.
In today’s society, there are plenty of ways to make more money.
Only you put a limit on what you are capable of earning.
43. Build Your Credit
Building your credit can be a long process, but it’s worth the effort. If you’re trying to establish or improve your credit score, here are some tips that might help:
Try to keep your credit utilization rate below 30% at all times.
Do not open too many new lines of credit in a short period of time.
Pay your bills on time.
This will help you avoid damaging your credit score.
Hacks for Free Money
Hacks for free money are a form of fraud wherein the perpetrator solicits payment via PayPal, credit card, or other methods in exchange for access to what they promise will be a legitimate business opportunity.
Hacking free money is a way to make more cash, fund your financial goals, or help you pay off debt. There are lots of ways that people hack their finances and use cash back apps for some extra income.
Other options include signing up for bank bonuses or credit card bonuses.
Honestly, real free money hacks are more likely to be scams. So, beware when searching online.
Money Hacks in the Kitchen
You can save the most money by looking at what you eat.
Typically, people waste over 25% of their grocery budget and throw out food. Would you willingly throw out $250 a month? Probably not.
So, learn how to stretch your money for food.
44. Start meal planning
Meal planning is a money-saving strategy that can help in the long run. It’s also important to eat healthily and reduce food waste when meal planning.
But planning ahead will help save on the grocery budget, and it’s not too late to start now.
Start meal planning by deciding what you want to eat for each day. Then, make a list.
45. Say no to prepackaged foods
Packing your lunch for work or school can be time-consuming, especially if you have a family.
Some people prefer to buy prepackaged foods because they save time, but this is not always the best option.
A better choice is to make your own food at home and pack it for lunch, which you can then eat in peace without worrying about what other people might be saying about the food you packed.
46. Eat at home
Eating at home is a way to save money. It may be uncomfortable for those who do not enjoy cooking as it requires extra effort and time.
Instead of getting food at restaurants, consider cooking your favorite meals at home.
You can save money and time by eating the same meal over and over again.
Learn about the frugal home must haves.
47. Grow your own herbs and food
The most common methods of gardening include container gardening, hydroponics, and both indoor and outdoor gardening.
Many people are growing their own herbs and food for the satisfaction of being able to eat something that was grown with their hands.
48. Take your lunch
If you are interested in saving money, consider taking your lunch. This will save you up to $1,000 a year on work lunches and make it easier to meet the recommended daily intake of fruits and vegetables as well.
“Take your lunch” is an invitation to eat at home. There are many benefits of eating out less often, such as saving money and gaining more control over food choices.
Travel Hacks to Save Money
The following are travel hacks that can help you save money on your next trip.
Some of these hacks include traveling during weekdays, using public transportation, staying at hostels and Airbnb instead of hotels, and using a travel credit card.
49. Use foreign websites for lower prices abroad
Foreign websites are websites that have been created by people from other countries, and they sell products in the language of their country. These websites often offer lower prices on products than what is offered in the United States.
If you’re traveling abroad and need to find a place to stay, there are plenty of websites that can help. A few websites have deals on places where travelers often stay while they travel internationally.
50. Stay for free or get paid to house sit abroad
A house sitter is someone who looks after someone’s property for a certain amount of time in exchange for the promise of payment.
House sitting is typically offered by homeowners to travelers and others who are looking to stay in a particular location for an extended period of time.
The main types of house sitting include:
– full-time house sitters, who are responsible for all aspects of the house and who are typically paid a monthly salary,
– part-time house sitters, who may be responsible for taking care of one or more specific tasks such as gardening or handling the mail
51. Hide your search
To avoid being taken advantage of by airlines, it is best to open a new incognito or private window between searches.
This will make sure that you are not tricked into buying tickets that may be significantly more expensive than they need to be.
Airlines use cookies in your browser to make you believe the prices are going up and up.
Money App Hacks
Money app hacks are ways that people have figured out to make their money work for them in terms of saving and spending. These apps offer different features, such as budgeting, tracking your spending, and saving money.
If you want a simple way to save money, then any of these money apps are designed to find excessive spending.
52. Billshark
This is a legitimate way to save money on monthly bills. Billshark offers you the opportunity to save up to 25% each month (when compared with regular bill payments).
All of this can be done for you by BillShark team, and there are no fees involved!
Try Billshark for free!
53. Trim
Review your spending habits to find what you can cut out, like subscriptions.
Find other ways to save by looking for ways to reduce costly bank fees or getting a discount on your cell phone plan. By using Trim, you are saving money and improving your financial health.
Sign up with Trim now.
54. Truebill
Truebill can help you to track your spending, save money and get a clear picture of your financial life.
This helps you identify services that you are no longer using but continue to pay for. It will help save money by automatically negotiating prices with your service providers and receiving a refund of the money going to waste, which is free money.
Get started with Truebill.
Which Life Money Hacks Can You Start?
This is a lot to take in, but don’t worry.
Take the time to read through each suggestion and consider how you can implement it into your life.
The more hacks you try out, the closer you’ll get to a healthy financial mindset.
These are the life hacks to save money I have found to work for me and my family in order to reset our financial mindsets and grow our net worth.
Everyone will find their niche and what will work best for them.
Personally, you need to figure out how do I make more money. That will make the biggest impact the fastest.
What have you done with your money lately?
Know someone else that needs this, too? Then, please share!!
Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation, the war in Ukraine, and disruptions to the supply chain. And bad news for homebuyers: there’s no sign that they’ll fall anytime soon.
The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.72%, up five basis points from the week prior. A year ago at this time, rates were at 3.13%. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.
Another index shows mortgage rates even higher. Black Knight‘s Optimal Blue OBMMI pricing engine, which considers refis and data from the Mortgage Bankers Association (MBA), reported that rates on Wednesday averaged 5.05%, up about 25 bps from a week prior. Several LOs told HousingWire that clients had locked loans in the 5% to 5.3% range on Wednesday.
“Mortgage rates have increased 1.5 percentage points over the last three months alone,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20% from a year ago.”
The central bank has signaled that it will raise interest rates another six times this year and several more in 2023 to control inflation, which reached the highest level in 40 years in February, at 7.9%.
Normally, a period of rising mortgage rates cools housing prices. But this is no normal market. The problem, of course, is inventory. National inventory of active listings declined by 18.9% over the last year in March, according to Realtor.com. Consequently, the March national median listing price for active listings was $405,000, up 13.5% compared to last year and 26.5% compared to March 2020.
How lenders can continue to serve borrowers despite housing affordability challenges
Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars.
Presented by: Finance of America
The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. Interest in residential mortgage loans fell 6.25% for the week ending April 1. While refi applications fell 10% from the prior week, purchase apps declined 3.4% in the same period.
Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity.
According to the PMMS report, the average 15-year fixed-rate mortgage averaged 3.56%, up six bps from the prior week. (On average homebuyers paid 0.8 mortgage points.) The 5-year Treasury-indexed ARM averaged 3.56%, up from 3.50% a week prior.
Inside: Looking for fun things to do with friends? Look no further! This guide has 101 fun activities for you and your friends to enjoy. From painting parties to bowling nights, there’s something for everyone.
Do you ever feel like you’re in a rut, doing the same things with your friends all the time?
If you’re looking for some new ideas for fun things to do with friends, look no further!
We’ve compiled a list of fun activities for friends to do so you can find something that fits your mood.
Whether you want to get active and try something new, or stay in and relax together, we’ve got you covered.
So round up your besties and get ready for some fun!
Why spending time with friends is important
Spending time with friends is an essential aspect of human life. It provides us with an opportunity to bond, socialize, and create lasting memories.
The benefits of spending time with friends are numerous, and they range from improving our social skills to reducing stress levels.
By participating in activities that allow us to spend quality time with our friends, we will have better overall mental health.
What should friends do for fun?
There is no one answer to this question, as friends can have different interests and preferences.
However, some fun activities that friends could do together include going to the movies, playing sports, going out to eat, or attending a concert.
That is why we will cover so many various ideas for you and your friends!
The fun things to Do with Friends
We all know the importance of having friends in our lives. They are the people we rely on and confide in. They make us laugh, help us when we’re down, and are always there for us.
If you are wondering what should I do today, then we have you covered.
So, it’s important to have plenty of fun things to do with friends as well.
1. Go on a Scavenger Hunt
Scavenger hunts are a popular group activity that can be enjoyed by friends of all ages.
Planning and executing a scavenger hunt with friends can be a fun and engaging way to spend time together.
To get started, choose a location that offers a variety of interesting sights and sounds.
Next, create a list of items to find, such as a red bicycle or a funny sign.
Divide into teams and set a time limit for the hunt.
Use a special hashtag and have each team post a pic every time an item is found.
Nowadays, you can even buy a scavenger hunt kit to make it easier!
2. Play Board Games
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Board games are a great way for friends to have fun and connect with each other.
Some popular board games include Scrabble, Chess, and Monopoly, but there are many other options to choose from. Card games like poker and blackjack are also great choices. Party games like Charades and Apples to Apples can bring a lot of laughter and enjoyment.
Board games provide an opportunity for friends to engage in friendly competition, improve their strategic thinking and social skills, and have a great time together.
So, gather your friends, choose one of the best-selling board games, and let the fun begin!
3. Explore street food
Exploring street food with friends is an exciting way to satisfy your taste buds while spending quality time with your loved ones. From food trucks to pop-up stands, there are plenty of options to choose from.
Here are three street food examples that are worth finding:
Tacos: Bite into the crispy shell and savor the juicy meat, fresh salsa, and creamy guacamole. Tacos are the perfect combination of flavors and textures that will leave you craving more.
Gyros: Sink your teeth into the warm pita bread and taste the tender slices of meat, crunchy vegetables, and tangy tzatziki sauce. Gyros are a delicious Greek dish that will transport you to the Mediterranean with every bite.
Bao buns: Savor the fluffy steamed bun filled with savory meat, pickled vegetables, and sweet sauce. Bao buns are a popular street food item in Asia that will tantalize your taste buds with their unique flavors and textures.
Exploring street food with friends is an adventure that will take you on a gastronomic journey around the world. You can try new dishes, share your opinions, and bond over your love of food.
The joy of exploring street food with friends lies in discovering hidden gems, trying something new, and creating memories that will last a lifetime.
4. Get Messy with a Color Run
Participating in a color run is a unique and exciting way to stay fit while having fun with your friends.
This 5K run involves getting covered in colored powder while running through different stations. It’s a great way to stay active and create some memorable photos with your friends.
Plus, you get to support a good cause since many color runs are organized as charity events.
5. Watch a Movie Marathon
A movie marathon with friends is a fun way to bond and enjoy each other’s company. They provide a fun and relaxing environment to enjoy each other’s company and appreciate great films.
To plan and execute a successful movie marathon, follow these steps:
Choose a theme or movie series: Decide on a theme or movie series that everyone will enjoy. This could be a specific genre, actor, or movie franchise like “Harry Potter” or “Star Wars.” Or just pick a variety of old classics and new favorites.
Prepare snacks and refreshments: Popcorn, pizza, and soda are classic movie snacks, but feel free to get creative with your choices. You could even have a potluck and have everyone bring their favorite snack to share.
Arrange the viewing space: Make sure the viewing space is comfortable and has enough seating for everyone. Consider using blankets and pillows to create a cozy atmosphere.
So, grab some popcorn and gather your friends for a movie marathon that you’ll never forget!
The best movies can be found on Paramount Plus!
6. See What Festivals Are in Town
Attending festivals with friends can be a fun and unique activity to break up your routine. There are many different types of festivals to choose from, including food, music, art, and film festivals.
Additionally, there are usually free local events like food festivals, music festivals, farmers’ markets, and intercultural events.
Planning ahead and checking the festival schedule is important to ensure that all friends can attend. So why not gather your friends and try attending a festival together?
7. Hike
Hiking is a fantastic way to stay active and enjoy the great outdoors with friends.
Not only does it provide a great workout, but it also offers the opportunity to bond with your crew while surrounded by natural beauty.
You can even plan on these fantastic hiking trails for beginners or more experienced hikers:
In California, Big Basin Redwoods State Park offers a variety of trails ranging from easy to challenging, with the highlight being the 11-mile Skyline to the Sea Trail.
In Colorado, the Mount Falcon Park Trail offers stunning views of the Rocky Mountains and is a moderate 3.6-mile hike.
For those on the East Coast, the Franconia Ridge Trail in New Hampshire is a challenging yet rewarding 8.9-mile hike with breathtaking views of the White Mountains.
Remember to dress appropriately for the weather and terrain, wear sturdy hiking boots, carry plenty of water, and pack snacks to keep your energy levels up.
8. Go for a short road trip
Planning a road trip with friends can be a bonding experience, from working together on a collaborative Spotify playlist or burning some old-fashioned mixtapes to listen to on the road to stocking up on snacks and booking an Airbnb.
Going for a short road trip with friends is an excellent way to take a break from the daily grind and explore new places. It is also a reason to escape life’s hustles and bustles.
A spontaneous road trip might turn out to be a trip to remember as you explore unknown routes, stop at scenic spots, and try the local cuisine.
9. Host a Vision Board Party
A vision board is a visual representation of your goals and aspirations for the future.
Making a dream board with friends can be a fun and inspiring activity that promotes deeper social connections while helping you achieve your dreams.
It’s a crafting and manifesting activity that can help you visualize your dreams and work towards them with the support of your friends.
Learn how to host a successful vision board party.
10. Make Smoothies Together
Making smoothies with friends is a fun and healthy activity that promotes bonding and trying out new recipes.
You will need fresh or frozen fruits, such as bananas, strawberries, or blueberries, a liquid base like almond milk or coconut water, and optional add-ins like spinach, chia seeds, or protein powder to make smoothies.
Personally, I have found the Vitamix to blend the perfect smoothie!
11. Have a Karaoke Night
Karaoke is a great way to build confidence and create lasting memories with friends, so don’t be afraid to let loose and have a good time!
To host a successful karaoke night, start by choosing a venue such as a karaoke bar or setting up a karaoke machine at home.
Provide drinks and snacks to keep energy levels high and make sure to take plenty of photos and videos to capture the fun.
12. Have a Potluck Dinner
Having a potluck dinner with friends is a fun and affordable way to spend time together while enjoying delicious food.
To organize a successful potluck, consider the following tips:
Set a date and theme: Choose a date that works for everyone and select a theme to make the potluck more exciting. Some ideas for themes include Italian food, comfort food, or secret family recipes.
Assign dishes: Encourage everyone to bring a dish to share, and assign specific types of dishes to avoid duplicates. For example, one person can bring an appetizer, another a main course, and another a dessert.
Communicate and coordinate: Make sure everyone knows what they’re bringing and communicate any dietary restrictions or allergies. Coordinate with each other to ensure a good variety of dishes and avoid too many of the same thing.
A potluck is a great way to try new foods and bond over shared experiences. It’s also a money-saver and takes the pressure off one single host.
13. Skateboard/Roller-skate
Skateboarding and roller-skating are not only fun but also great ways to build friendships and community.
There are numerous activities that can be done while skateboarding or roller-skating with friends like:
Trying out tricks and stunts with friends can be a great way to learn and improve your skills.
Racing with friends can add an element of competition and excitement to the activity.
Obstacle courses can also be set up to test your agility and coordination.
Freestyle sessions can allow for creativity and self-expression.
Doing these activities with friends can provide support, encouragement, and a sense of camaraderie.
14. Have a DIY spa day
Spa days with friends are a fantastic way to bond, relax and practice self-care. It offers a break from the stress of daily life and provides opportunities for quality time together.
Moreover, hosting a spa day at home is a more affordable alternative to going to an actual spa.
You can confer with your BFF and figure out what kind of spa treatments both of you are in the mood for. For example, you can apply face masks, give each other manicures, or soak your feet in bath salts.
If you have the funds, you could even book a couple of treatments at a real spa and make it a real spa day! Regardless of where you have it, having a spa day with friends is an excellent way to relax, rejuvenate, and bond with friends.
15. Have a Craft Night
You don’t have to be crafty to enjoy craft night!
To have a successful craft night, start by choosing a craft that everyone is interested in and gather all the necessary supplies. A few craft ideas that are perfect for a craft night include making jewelry, painting, scrapbooking, or even DIY home decor.
Once you have everything set up, encourage everyone to let their creativity flow and enjoy the process of making something together.
Make sure to create a comfortable atmosphere by providing plenty of space to work and snacks to munch on.
16. Blow Bubbles
Roll by the time calendar and remember how much fun blowing bubbles was!
Blowing bubbles is a great way to spend a lazy afternoon or unwind after a long day.
You can go with the classic way of blowing bubbles or look into a bubble machine!
So, grab some bubble solution and wands and get ready for a fun and bubbly time with your friends!
17. Have a Water Balloon Fight
Water balloon fights are a fun activity to indulge in during the scorching heat of summer.
To make the water balloon fight even more enjoyable, you can incorporate team play or set up a tournament bracket. This will add a competitive element to the game and make it more exciting.
Regardless, having a water balloon fight with friends is a great way to beat the heat and have fun.
18. Plant a Garden
Gardening with friends is a rewarding activity that allows you to connect with nature and each other.
Plus it can also provide a sense of accomplishment and a source of fresh produce.
You can choose to plant a garden in someone’s backyard or join a local CSA.
Also, this is a continuous way to get together!
19. Spend Time in Nature
Spending time in nature with friends is a great way to relax, recharge and create lasting memories.
There are a variety of activities that friends can engage in while spending time in nature such as hiking, camping, picnicking, rock climbing, paddleboarding, and gardening.
Personally, know that spending time in nature with friends can be a refreshing and rewarding experience that allows friends to bond and enjoy the great outdoors together.
20. Sign up for a Recreational Sport
Signing up for a recreational sport is a great way to spend time with friends while staying active. There are many sports that are suitable for recreational leagues and can be played with friends, such as soccer, basketball, volleyball, and ultimate frisbee.
Playing team sports has many benefits, including building camaraderie, improving communication, and developing a sense of teamwork.
Costs associated with joining a league can vary, but many leagues have affordable fees.
21. Go Kayaking
Kayaking is a fantastic outdoor activity that is gaining popularity among friends who want to bond and have fun at the same time. It provides a great opportunity to explore new waterways, race each other, play games, fish, and take breaks to swim.
While kayaking, you and your friends can discover new places and enjoy the serenity of nature, which will help you to relax and forget about your daily worries.
Also, you have to work on your communication with each other while kayaking.
22. Cook Together
Cooking with friends can be a fun and rewarding activity that helps build strong bonds.
This is one of my favorite ways to spend time with friends. You can spend hours and never actually make anything edible and it doesn’t matter! Or you can create something absolutely delicious!
23. Join a Club
Joining a club with friends is a great way to try new things and meet new people.
There are many different types of clubs to choose from, including:
Book clubs
Hiking clubs
Cooking clubs
Bunco groups, and more.
Joining a club with friends not only provides an opportunity for shared experiences and new adventures but can also strengthen relationships by creating a common interest. Plus you meet on a regular schedule for spending time together.
24. Have a Painting Party
Painting artwork with friends can be a fun and fulfilling activity. Even better, plan to host a painting party with friends!
You hire someone with experience to help you out or you can watch a video on YouTube.
The best part is being able to exchange ideas and inspiration with each other to spark creativity!
25. Play Laser Tag
Playing laser tag with friends is a thrilling and exciting activity that is sure to get your adrenaline pumping.
This is always a must-do for most teens!
Playing laser tag with friends not only provides a fun and memorable experience, but it also helps build teamwork skills, promotes physical activity, and fosters friendly competition.
26. Go Birdwatching
Birdwatching is a relaxing and enjoyable activity that can be done with friends to appreciate the beauty of nature and learn about different bird species.
All you need to go birdwatching with friends is a simple guide to birds in your area, a pair of binoculars, bird seed, and a park or garden.
Birdwatching can enhance the bond between friends as they learn to identify different bird species and discover a new hobby together. It is a great opportunity to explore new trails, take pictures, and enjoy the scenic location.
27. Have a Marshmallow Fight
Marshmallow fights with friends are a fun and exciting activity that can help you forget your worries and bond with your friends.
You need a good laugh, right? This is exactly what you should participate in.
It’s a great way to relieve stress and enjoy some friendly competition with your friends.
So, grab some marshmallows, find a safe spot, and get ready for an unforgettable marshmallow fight with your friends!
Make sure to grab this indoor s’more kit!
28. Do Yoga
Yoga is a great way to improve flexibility, reduce stress, and promote overall well-being. Doing yoga in a class with friends or in a park can make the experience even more enjoyable and motivating.
Attending a yoga class with friends can be a fun and social way to exercise. You can encourage each other to push yourselves further and hold each other accountable for attendance. Additionally, practicing yoga in a group setting can help to create a sense of community and support, which can be beneficial for mental health.
Alternatively, practicing yoga in a park can be a great way to connect with nature and enjoy the fresh air and sunlight. You can bring your own mat or towel and find a quiet spot to practice. Practicing yoga outdoors can be a refreshing change of pace from the usual indoor studio setting.
29. Plan a Trip
Planning a trip with friends can be an exciting and bonding experience. It provides an opportunity to create unforgettable memories and explore new places with your closest friends.
However, it can also be expensive, so use this 100 envelope challenge to save for the trip.
Another way to save money is to be flexible with your travel dates.
Research your destination, create a budget, and be flexible with your travel dates to save money. With some dedication and effort, you and your friends can have the trip of a lifetime. Remember, the journey is just as important as the destination.
30. Explore a New Town
Exploring a new town with friends is an adventure that offers new opportunities to learn more about each other’s interests and create lasting memories. It allows you to discover new places, try local cuisine, and learn about the history and culture of the area.
When exploring a new town with friends, you can visit local landmarks such as museums, botanical gardens, and historical sites. You can also attend local events such as festivals, concerts, and fairs.
Don’t forget to try the local cuisine at restaurants and cafes.
31. Paint Pottery
Pottery painting is a popular activity to do with friends that allows you to unleash your creativity.
Thankfully, you can go to a business that provides all of the necessary supplies or you can purchase online.
Painting pottery can also be a relaxing and therapeutic activity that helps to reduce stress and anxiety.
32. Try a New Food
Let’s be honest… If it wasn’t for good friends, you may be missing out on different types of foods and cuisines.
Trying new foods with friends is an excellent way to break up your eating routine and have some fun while discovering new flavors.
So step out of your comfort zone and try something new – you never know what delicious dishes you might discover!
33. Visit a Farmer’s Market
Visiting a farmer’s market with friends is a fun and exciting way to spend a day outdoors. Not only does it support local businesses, but it also provides an opportunity to stock up on fresh fruits and vegetables.
Did you know the Palisade Farmer’s Market is one of the best in the country? I can attest to that; it was wonderful, especially during peach season.
There are many activities to enjoy at a farmer’s market with friends, here are my favorites:
Shopping for fresh produce: One of the main reasons to visit the farmer’s market is to stock up on fresh fruits and vegetables. You can compare prices, sample different varieties, and even learn new recipes from the vendors.
Trying free samples: Many vendors offer free samples of their products, from homemade jams to artisanal cheeses. This is a great way to taste new flavors and support local businesses.
Exploring local crafts: Along with food, many farmer’s markets also feature handmade crafts and artisanal products. You can browse jewelry, pottery, candles, and other unique items.
Eating street food: If you’re hungry, there are often food trucks and stalls selling everything from tacos to crepes. You can grab a bite to eat and enjoy it at one of the picnic tables or benches.
So why not gather your friends and head to a farmer’s market? You won’t regret it!
34. Compete with Minute-to-Win-It Games
This one is popular! Competing with Minute-to-Win-It games is a fun and easy way to spend time with friends while challenging each other’s skills.
To get started, gather a few household items and set a timer for one minute.
These games are not only a great way to have fun with friends, but they also improve hand-eye coordination and quick-thinking skills.
Plus this is a low-cost and entertaining way to bond with friends. Give them a try and see who comes out on top!
35. Host a DIY Escape Room
If you are looking for a cost-effective way to enjoy an escape room challenge with friends, setting up your own escape room at home is a great idea.
You can find free missions at Escape Team, and additional missions only cost a few dollars each.
Hosting a DIY escape room for your friends is an excellent way to challenge their problem-solving and teamwork skills in a fun and engaging way.
36. Join a Flash Mob
Joining a flash mob can be an exciting and memorable thing to do with your friends. Flash mobs are spontaneous gatherings of people who come together to perform a predetermined action, often in a public place.
Typically, flash mobs can range from dance performances to singing events and can involve people of all ages and backgrounds.
Participating in a flash mob can be a unique and fun experience that you and your friends can cross off your bucket list.
You can find local flash mob announcements by searching on Google or checking out websites that list flash mobs in your area.
37. Create a Time Capsule
Creating a time capsule with friends is an exciting and unique way to capture memories and special moments together. It allows you to reminisce about the past and look forward to opening the capsule in the future.
To create a time capsule, start by finding a sturdy waterproof container.
Next, gather items that are important to each of you, such as letters to your future self, photos, ticket stubs, and other mementos.
Add these items to the capsule and bury the capsule in a safe place, such as a backyard or a park.
Make a pact to open it up in a few years, say five or ten years or twenty years.
Cherishing memories with friends is important, and creating a time capsule is a fun and meaningful way to do just that.
38. Head to the Beach
Visiting the beach with friends is a great way to spend quality time together while enjoying the beauty of nature. There are many activities you can do with your friends at the beach, such as lounging under an umbrella, playing beach volleyball, building sandcastles, or having a picnic.
If you’re feeling more adventurous, you can go surfing, snorkeling, or take a walk along the shore. The possibilities are endless, and the memories you create with your friends will last a lifetime.
Whether you want to relax and unwind or have an action-packed day, the beach offers something for everyone.
39. Try an Art Class
Trying an art class with friends is a fun and fulfilling way to explore your creative side.
There are many places you can try painting or pottery! by going with a friend, it cuts out the scary risk of doing a creative project alone.
Don’t miss out on this opportunity to create something beautiful with your friends! This is a great experience gift idea, too!
40. Go Bowling
Bowling is a fun and engaging activity to do with friends.
Not only is it a great way to get some exercise, but it also offers a variety of fun things to do while playing. From trying trick shots to competing for the highest score, bowling is a great way to bond with friends.
Bowling is a fun and engaging activity that everyone can enjoy, regardless of their skill level.
41. Use Guest Passes
Typically, when you belong to a gym, museum, or any other membership-based activity. They will offer free guest passes.
This is a great way to hang out with your friends while enjoying a new activity. Or showing your friend one of your hobbies.
42. Go Snowshoeing
Snowshoeing is a winter activity that involves walking on snow with specialized footwear. It is a fun and unique way to explore the outdoors with friends while enjoying the beauty of nature.
There are many snowshoeing trails and locations that friends can explore together.
Snowshoeing provides an opportunity to get exercise, enjoy the peacefulness of nature, and bond with friends.
43. Get Creative With Sidewalk Chalk
Regardless of age, sidewalk chalk is a fun activity to do with friends that can ignite your creativity and bring out your inner artist.
There are a variety of ways to get creative with sidewalk chalk.
You can draw a hopscotch board and challenge each other to see who can jump the longest.
Create a masterpiece by working together on a huge drawing and experimenting with different styles and themes.
Play a game of tic-tac-toe and enjoy some friendly competition.
You can even use sidewalk chalk to write positive messages or quotes to inspire each other.
Spending quality time with friends is important, and simple activities like using sidewalk chalk can create lasting memories.
44. Have a Cocktail Party
Overall, the goal of a cocktail party with friends is to have fun and create shared experiences that will be remembered for years to come.
The best cocktail parties are based on a theme that will set the tone for the evening. Then, select a variety of easy-to-make and crowd-pleasing cocktails that will impress your guests.
Dress up smartly, put on some music, and decorate your space to match the theme. Provide snacks such as finger foods, cheese platters, and charcuterie boards to accompany the drinks.
During the party, encourage guests to mingle and try each other’s cocktails, while sharing conversation and laughter.
45. Go to a Drive-in Movie
Drive-in movies are a unique and fun experience that makes for a great activity to do with friends.
However, drive-in movie theaters are harder and harder to find. So, you may have to plan ahead for a local showing.
Once you arrive, park your car and settle in for the movie, chatting and joking around with your friends as you watch.
46. Meditate
Meditating with friends can be a powerful way to connect and improve your mental and emotional well-being.
To get started, find a quiet spot in nature, set up a blanket, and close your eyes. Take in the natural sounds as you sit in silence together.
Alternatively, you can attend a group meditation or breathwork session or hold a moon circle.
The benefits of meditating with friends include reducing stress and anxiety, improving focus and concentration, and deepening your connection with others.
47. Have an Insta Photoshoot
One of the best things about having a photoshoot with friends is that it offers you the opportunity to create memories together.
You can make funny faces, strike silly poses, and capture the moment in a photograph. You can also dress up in costumes and enact your favorite movie scenes together, which is bound to create some beautiful memories.
Whether you are looking to be goofy or play model, a photoshoot is an excellent way to express yourself and have some fun. You don’t necessarily have to photograph people either! You can experiment with still-life photography, food photoshoots, or even take pictures of landscapes.
P.S. You will always see teens taking photoshoots around town.
48. Play charades or Pictionary
Playing charades or Pictionary with friends is indeed a fun way to build excitement and laughter within the group while also improving communication skills and teamwork.
These guessing games are perfect for group activities and can elicit lots of shouting and laughter as people try to guess the correct word or movie.
You can even form teams and start a tournament to make it more interesting. Alternatively, card games such as poker, blackjack, spoons, and rummy are also fun and cost nothing to play if you already have a deck of cards.
All of these games can help improve your strategic thinking and social skills while having a great time with friends.
49. Make videos together
Indeed, making videos with friends can be a fun and exciting activity that creates lasting memories. There are many different types of videos that can be made with friends, such as music videos, vlogs, or short films.
The research suggests that enacting favorite movie scenes with friends can uplift the atmosphere as well. Dressing the part, rehearsing together, and video shooting the entire set can create fun moments that are bound to create some beautiful memories.
Making videos with friends can strengthen friendships and develop new skills such as video production and editing. The key is to have fun with your best friends and enjoy the time spent together.
50. Start a Band
If you and your friends have instruments, getting together and making music can be a fantastic way to bond and express yourselves while also encouraging collaboration and teamwork.
Creating music together is an excellent opportunity to learn new skills and experiment with different musical styles.
Plus, it helps create unforgettable memories and offers new opportunities to learn.
51. Create a Photo Album
In our digital age, putting together a photo album is another fabulous activity that you can do with friends.
Asking each friend to contribute a few photos and putting them in a friendship photo album is an excellent way to keep your memories close and spend an afternoon with your best friends.
Plus you are creating something you can enjoy for years to come!
52. Have a pillow fight
Having a pillow fight with friends can be a hilarious bonding experience that will make you forget all your worries.
To get started, find a spacious room or outdoor area where you can safely swing your pillows without breaking anything. Before starting the fight, agree on some basic rules to ensure everyone’s safety, such as no hitting in the face or aiming for sensitive areas.
Once you’re ready, grab your pillow and let the feathers fly! Don’t forget to laugh, scream, and dodge as you try to land a hit on your friends.
53. Attend park concerts
Attending park concerts is one of the best fun things to do with friends.
Not only are they affordable or free of charge, but they also offer a great opportunity to relax and unwind with friends.
This is something to enjoy after long work weeks!
54. Start a Business
Starting a business with friends can be a great way to combine your passions and skills while also earning extra income.
However, before jumping into any business venture with friends, it’s important to consider the potential risks and challenges. It’s crucial to have a clear agreement and plan in place to avoid conflicts and misunderstandings in the future.
Another option is to research side hustles as a great way to earn extra income. There are numerous side hustle ideas that can be done with friends such as dog walking, pet sitting, house cleaning, and tutoring.
Learning how to make money online for beginners is a hot topic.
55. Play Tourist in Your Own Town
Playing tourist in your own town can be a great way to spend time with friends while discovering new sights and experiences. There’s no need to travel far when there are plenty of activities to do in your hometown.
To start, visit local landmarks such as museums, historical sites, or city parks. These places offer a glimpse into the history and culture of your town.
Try out new restaurants and cafes that you haven’t been to before. It’s a great opportunity to sample local cuisine and support small businesses.
Attending local events such as concerts, festivals, or farmer’s markets can also be a fun way to experience your town.
Exploring the outdoors by taking a hike, bike ride, or even a picnic in a nearby park can be a refreshing change of pace.
Playing tourist in your own town not only allows you to discover new places but also strengthens friendships by creating shared memories and experiences.
56. Play games via video call
Playing games with friends remotely is indeed a great way to stay connected despite the distance.
There are various options available for playing games online with friends, such as board games, card games, and online games like Fortnite or Minecraft. Additionally, apps like Words with Friends or Yahtzee with Buddies can also be used to play games with friends remotely.
If you prefer non-digital games, you could play games like “Would You Rather?” or “Truth or Dare?” on a video call.
Playing games with friends online is an excellent way to spend time together and maintain a strong connection, even when you can’t be together physically.
57. Go to a bonfire
Going to a bonfire with friends is a fun and memorable activity that allows for bonding through storytelling, laughter, and shared experiences. Honestly, I forgot how fun a bonfire was until I went last weekend!
A bonfire is an outdoor gathering around a fire, typically held on a crisp fall evening.
With the hot temperatures and risk of fires, I would plan to attend a bonfire put on by an organization with fire trucks readily available.
Ensure there are snacks and drinks, and follow safety precautions. Overall, a bonfire with friends is a great way to escape the monotony of life and create lasting memories.
58. Bake something delicious together
Baking with friends is indeed a fun and exciting activity that can bring people closer together. It provides an opportunity to bond and share a sweet treat afterward.
One can choose a recipe they would like to try, whether it’s an old standby or something brand new. A cake, a sweet fruit pie, or a few batches of favorite cookies are some of the options that one can bake and decorate.
Alternatively, holding a friendly bake-off is a good way to bond competitively with friends.
So, next time you’re looking for something fun to do with your friends, why not try baking together?
59. Go camping together
Camping with friends is an excellent way to bond and enjoy the outdoors while disconnecting from technology. It is a cheap and fun hobby that offers numerous benefits, including strengthening friendships.
Whether you choose to camp in a nearby park or your backyard, sharing stories around a campfire, cooking meals together, and exploring nature can be a healthy move for everyone to unwind.
Camping provides an opportunity to enjoy the serenity of nature away from the disruptions of city life. You can hitch a tent, make a bonfire, roast some marshmallows, and play games, which is sure to be an adventure away from the hustle and bustle of the city.
It is important to plan ahead, bring necessary supplies, and follow safety precautions to ensure a fun and safe camping experience.
60. Go Geocaching
One of our personal favorite activities.
Geocaching is a fun and exciting activity that involves using GPS to find hidden containers or “caches” outdoors. It’s like a real-life treasure hunt that can be enjoyed with friends.
To get started, one can download the official Geocaching app for free.
Geocaching can be a great way to explore new places in your local area with friends while having fun. With GPS coordinates, you can search for hidden treasures that are waiting to be discovered.
61. Go to A Local Coffee Shop
Going to a local coffee shop is a great way to spend quality time with friends. Aside from being a cliche, it is an easy thing to do and offers a comfortable environment to catch up with your friends.
You can order your favorite beverage and indulge in a little slice of cake while chatting about everything you have missed since you last spoke.
A coffee shop offers a cozy and relaxed atmosphere, which makes it a perfect spot to hang out with friends.
Going to a local coffee shop also supports small businesses in your community. It is also a great way to discover new cafes and coffee shops in your area, which can become your new favorite hangout spot.
62. Volunteer
Volunteering with friends is a great way to give back to the community while having fun with your pals.
There are various ways friends can volunteer together, such as helping out at a local animal shelter, sprucing up city landscaping, or serving meals at a soup kitchen.
Volunteering with friends strengthens relationships, gives back to the community, and is a fun way to do good.
These are the best ways to capture your bucket list and find ideas!
FAQ
There are a number of things you can do right now with friends. You can go for coffee, take a walk, or visit a museum. You could also consider doing something more active, such as going for a run or playing a sport.
Whatever you choose to do, make sure you enjoy it and spend time with your friends.
The important thing is to find something that you both enjoy so that you can have fun together.
You can watch a movie, play video games, go for a walk, listen to music, or even just sit and talk.
What Fun Places to Go with Friends Will You Choose?
These unique activities are just a few examples of the many fun things you can do with your friends.
Don’t be afraid to try something new and get creative! Who knows, you might just discover a new favorite activity.
A little short on cash? Don’t worry… here are 101 things to do with no money.
So, gather your friends and start planning your next adventure together.
And if you have any unique ideas of your own, be sure to share them in the comments below!
Know someone else that needs this, too? Then, please share!!
Open a BMO Harris Premier™ Account online and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Expires 9/15. Conditions Apply.
Most checking accounts don’t pay interest, but a growing number of high-interest checking accounts do. Some offer yields on par with the best high-yield savings accounts, though often with extra hoops to jump through.
Nationwide Advantage Checkingcan’t match the best savings account yields, but it nevertheless provides a reasonable return on your cash when you meet two qualification requirements. If you regularly use your debit card and receive recurring direct deposits each month, you should qualify for the full yield.
That said, Nationwide Advantage Checking has some important downsides to consider before opening an account. Weigh the pros and cons carefully.
What Is Nationwide Advantage Checking?
Nationwide Advantage Checking is a high-yield online checking account that earns up to 0.90% APY in any statement period where you meet the two qualifying criteria:
Receive direct deposits totaling $1,000 or higher each month (good for 0.45% APY)
Make at least 10 in-person debit card transactions, each totaling $3 or more (good for another 0.45% APY)
If you complete one qualifying activity but not the other in a given statement cycle, you earn the posted interest rate for that activity but not the maximum possible yield.
Nationwide Advantage Checking is backed by Axos Bank, one of the biggest online banks in the United States. In addition to potentially paying interest on balances, it has customer-friendly features like no monthly maintenance fee and no ongoing minimum balance.
What Sets Nationwide Advantage Checking Apart?
Nationwide Advantage Checking stands out for several reasons:
Pays interest with qualifying activities. You can earn up to 0.45% APY when you receive qualifying direct deposits and complete at least 10 in-person debit card transactions of $3 or more each.
No maintenance fees. Unlike some high-yield and rewards checking accounts, Nationwide Advantage Checking charges no monthly or annual maintenance fees.
Big ATM network. Nationwide Advantage Checking has more than 80,000 machines in its ATM network, which spans the entire United States. You pay no fees to withdraw cash from these ATMs.
Above-and-beyond security features. On top of standard security features like automatic timeouts and SSL encryption, Nationwide Advantage Checking goes above and beyond with protections like two-factor authentication and complimentary antivirus and malware protection.
Key Features of Nationwide Advantage Checking
Don’t open a Nationwide Advantage Checking without understanding its core features and capabilities, from its fees and minimums to the conditions it places on interest payments.
Account Yield & Requirements
Nationwide Advantage Checking’s maximum yield is 0.90% APY. You must complete both of the following qualification requirements to earn it in any given statement cycle:
Make 10 or more debit card transactions in person, each totaling at least $3
Receive at least $1,000 in qualifying direct deposits, not including transfers between bank accounts
The debit card transaction requirement qualifies you to earn 0.45% APY on your account balance. The direct deposit requirement qualifies you to earn another 0.45% APY.
If you complete only one or the other in a given statement cycle, you earn only the corresponding interest rate. If you complete neither in a given statement cycle, you earn no interest for the period.
Account Fees & Minimums
This account has no monthly or annual maintenance fee and no ongoing minimum balance. There is a $50 minimum required opening deposit.
ATM Access
Nationwide Advantage Checking has more than 80,000 ATMs in its fee-free network. Cash withdrawals are free at all machines in the network, but you may face surcharges if you venture outside it.
Security Features
All bank accounts come with certain standard security features, such as encryption and password protection. Nationwide Advantage Checking goes a bit beyond the typical security lineup with two notable nonstandard features:
Complimentary malware and virus protection for customers
Two-factor authentication, which means your password alone isn’t enough for intruders to gain access to your account
Mobile Features
Nationwide Advantage Checking has a user-friendly mobile app with all the main features of the regular online account dashboard. You can deposit paper checks on your phone, set up recurring and one-time bill payments, and transfer funds to external accounts or other individuals with a few taps.
Deposit Insurance
Nationwide Advantage Checking comes with FDIC insurance on balances up to $250,000. Should Axos Bank (Nationwide’s banking partner) go under, your deposits are guaranteed by the federal government up to this amount.
Pros & Cons
Nationwide Advantage Checking has some clear advantages and a few notable downsides as well.
No maintenance fees or ongoing minimum balance
Better potential yield than most checking accounts
Large ATM network
Must complete qualifying activities to earn interest
Lower yield than the best high-yield checking accounts
No debit card rewards
Pros
Nationwide Advantage Checking is a low-cost, low-balance checking account that has the potential to be at least somewhat rewarding.
No maintenance fees. Nationwide Advantage Checking charges no monthly or annual maintenance fees, so you won’t pay anything out of pocket to keep your account open.
No ongoing minimum balance. Once your account is open, you’re not required to maintain a minimum balance. Some interest checking accounts make you keep hundreds or thousands of dollars in the bank at all times.
Better potential yield than most checking accounts. Nationwide Advantage Checking has a higher yield than most checking accounts. After all, traditional checking accounts pay no interest at all.
Large ATM network. Nationwide (through Axos Bank) has more than 80,000 fee-free ATMs, more than many competing banks.
Above-average security features. Nationwide Advantage Checking has a few nonstandard but welcome security features, such as antivirus protection and two-factor authentication.
Cons
Nationwide Advantage Checking attaches important conditions to interest payments and isn’t among the highest-interest checking accounts on the market in any case.
Must complete two qualifying activities each statement cycle to earn interest. You need to make at least 10 qualifying debit card transactions and receive at least $1,000 in qualifying direct deposits to earn the maximum interest rate in any given statement cycle. While not totally outrageous, these requirements aren’t easy for every user to fulfill.
Maximum yield can’t match the best high-interest checking accounts. It’s nice that Nationwide Advantage Checking yields anything at all. But it’s a far cry from the top high-yield checking accounts, whose yields compete with the top high-yield savings accounts.
No rewards on debit card spending. Nationwide Advantage Checking has no debit card rewards program. If you want to earn rewards on spending, consider a rewards checking account or app like Go2Bank.
How Nationwide Advantage Checking Stacks Up
Nationwide Advantage Checking shares the spotlight with several other interest-bearing checking accounts. Before you apply, see how it compares to another popular option: Quontic Bank High-Interest Checking.
Nationwide Advantage
Quontic High-Interest
Maintenance Fee
$0
$0
Minimum to Open
$50
$100
Minimum Ongoing
$0
$50
Maximum Yield
0.90% APY
1.10% APY
Qualifying Activities?
Yes
Yes
Both Nationwide Advantage Checking and Quontic High-Interest Checking have no maintenance fees and low minimums. Both also require qualifying activities to earn interest, though Quontic is a bit more manageable with just one requirement. Quontic’s maximum interest rate also noses ahead of Nationwide’s, if not by much.
Final Word
Nationwide Advantage Checking uses a two-tiered interest rate to encourage you to make it your main checking account. Neither qualifying activity is a heavy lift if you have a steady, decent-paying job and regularly use your debit card in person. While the maximum interest rate (currently 0.90% APY) can’t match the top interest-bearing checking accounts, it’s way better than nothing.
That’s not to say Nationwide Advantage Checking is the best checking account on the market. For example, you can earn interest at a much higher rate in a Wealthfront Cash Account — without jumping through any hoops — and you can earn rewards on debit card purchases with Go2Bank (among many other rewards checking accounts and apps). Nationwide deserves to be in the conversation, but don’t open an account before seeing what else is out there.
Editorial Note:
The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
The Verdict
Our rating
Nationwide Advantage Checking Review
Nationwide Advantage Checking has a higher yield than most checking accounts, but you have to meet two qualification requirements to earn it. It’s also not as rewarding as some checking accounts with more relaxed qualification requirements (or none at all). But it’s still worth investigating if you’re in the market for a new checking account and appreciate the opportunity to earn a return on your cash.
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Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he’s not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.
Open a BMO Harris Premier™ Account online and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Expires 9/15. Conditions Apply.
The most important feature of a high-yield savings account is its interest rate. But it’s nice when your account helps you manage your money too — or at least doesn’t get in the way of that.
The Marcus Online Savings account does both. It pays a yield that’s well above the national average for savings accounts (both online and at traditional banks) while offering some basic budgeting and money management tools, including automated savings. It also has an unusually large same-day transfer allowance, which could come in handy once in a while.
But Marcus Online Savings isn’t perfect, so take a few minutes to learn about its capabilities and shortcomings before opening one.
What Is the Marcus Online Savings Account?
Backed by Goldman Sachs, one of the biggest banks in the United States, the Marcus Online Savings account is a high-yield savings account that yields 4.15% APY on all balances. It has no monthly or annual maintenance fee and no minimum balance to open or earn interest.
Marcus Online Savings doesn’t come with an ATM card or person-to-person transfer capabilities, but it does have an unusually large same-day transfer limit ($100,000) and unusually robust money management features built into its online and mobile account dashboards. It complements a broader lineup of Marcus CDs and money market accounts.
What Sets the Marcus Online Savings Account Apart?
The Marcus Online Savings account has several standout features:
Excellent yield on all balances. Marcus Online Savings yields 4.15% APY on all balances, with no minimum required to earn interest at the headline rate.
No fees or minimums. This account has no minimum opening balance and no ongoing maintenance fees.
Useful tools for savers. Marcus offers useful money management tools, including automated savings, a built-in savings calculator that shows how much your cash could be worth at specific points in the future, and a comparison tool that shows how much you can earn with Marcus compared with other banks.
24/7 customer service. Marcus is one of the few banks of any size that still has 24/7 customer support by phone.
Key Features of the Marcus Online Savings Account
All things considered, Marcus Online Savings is a straightforward savings account from a straightforward online bank. But knowledge is power, so dig a bit deeper into its core features before deciding to apply.
Account Yield
Marcus Online Savings yields 4.15% APY on your entire balance, with no minimum required to earn interest.
Account Fees & Minimums
Marcus Online Savings has no monthly or annual maintenance fee. There’s no minimum balance to open or maintain an account either.
Money Management Tools
Marcus Online Savings has a handy savings automation tool that lets you deposit a set amount on a recurring basis — weekly, monthly, or another frequency. The mobile app and online dashboard also have useful savings calculators that show both how much you can earn on your balance over time and how that compares with potential earnings at another bank.
Deposit Options & Transfer Limits
You can deposit cash into your Marcus Online Savings account via:
Marcus Online Savings doesn’t have an ATM card or accept mobile check deposits. However, you can transfer up to $100,000 in or out of the account with same-day turnaround — just initiate the transfer by 12pm Eastern and your money moves by 5pm Eastern the same day.
Mobile Features
Marcus has a comprehensive mobile app that can do just about anything the online dashboard can. You can schedule online bill payments and external transfers on your phone, and link your account with third-party money management apps like Quickbooks.
Deposit Insurance
Through Goldman Sachs, Marcus Online Savings balances are FDIC-insured up to $250,000. In the unlikely event that Goldman Sachs fails, you won’t lose any funds below that amount.
Pros & Cons
Marcus Online Savings has more positive attributes than negative ones. In fact, it’s difficult to find too much wrong with this account.
Excellent yields on all balances
No maintenance fees
Same-day transfers up to $100,000
24/7 customer support by phone
No mobile check deposit
No ATM access
Pros
Marcus Online Savings is a well-rounded savings account with a mix of features that appeal to would-be users across the income and wealth spectrum.
Well above-average yield. This account has an excellent yield (currently 4.15% APY on all balances) that puts it comfortably ahead of most competing banks.
No monthly maintenance fee. Marcus charges no monthly or annual maintenance fees on this account, so your savings won’t erode over time unless you withdraw.
No minimum balance. There’s no minimum balance to open (or keep open) this account. There’s also no minimum balance to earn the full advertised interest rate.
Same-day transfers up to $100,000. You can transfer up to $100,000 into or out of your account with same-day delivery. That’s an unusually high limit, especially for external transfers, which usually take one to three business days to clear.
Helpful budgeting and money management tools. Marcus offers some basic but helpful budgeting and money management tools, including set-it-and-forget-it savings automation and customizable savings calculators.
24/7 customer support by phone. You can reach a Marcus customer service rep by phone at any time of day (or night). You’re unlikely to take advantage of Marcus’ customer service very often because the account is so simple, but it’s nice to know it’s there.
Cons
Marcus Online Savings has some notable gaps in its feature lineup that could impact your ability to access or top up your balance.
No mobile check deposit. Marcus Online Savings has no mobile check deposit feature. That’s a notable gap in its menu of deposit options, and one that’s increasingly rare among well-funded online banks.
No ATM access. Marcus Online Savings doesn’t come with an ATM card, so you can’t directly withdraw cash from your account.
How the Marcus Online Savings Account Stacks Up
Marcus Online Savings is among the best online savings accounts around, but it’s not the only one you should consider if you’re looking for a new home for your long-term savings. Before you apply, see how Marcus compares to another popular option: Upgrade Premier Savings.
Marcus Online Savings
Upgrade Premier Savings
Maximum Yield
4.15% APY
4.81% APY
Minimum Yield
4.15% APY
None
Minimum Balance
$0
$0
Minimum Interest Balance
$0
$1,000
Maintenance Fee
$0
$0
With no minimum balance to open the account or earn interest, Marcus Online Savings is ideal for if you’re just beginning your savings journey. Upgrade Premier Savings is a better fit if you can clear the $1,000 minimum balance to earn interest, as its yield is significantly higher.
Final Word
The Marcus Online Savings account is an excellent online savings account because it has a yield well above the national average, no maintenance fees, and no minimums of any kind. Sometimes, simpler is better.
Not that Marcus Online Savings is perfect. The ability to deposit checks remotely rather than mailing them and an ATM card to directly withdraw cash from the account would both be nice. You can also find higher savings yields if you know where to look. But all in all, there’s more to like than dislike about this account.
Editorial Note:
The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
The Verdict
Our rating
Marcus Online Savings
Marcus Online Savings has an excellent yield relative to other banks and no minimums or fees to get in the way of growing your savings. It’s customer-friendly too, thanks to a generous same-day transfer allowance and 24/7 service. But it has some missing features that make it less flexible than some users might like.
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Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he’s not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.
Open a BMO Harris Premier™ Account online and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Expires 9/15. Conditions Apply.
The most important feature of a high-yield savings account is its interest rate. But it’s nice when your account helps you manage your money too — or at least doesn’t get in the way of that.
The Marcus Online Savings account does both. It pays a yield that’s well above the national average for savings accounts (both online and at traditional banks) while offering some basic budgeting and money management tools, including automated savings. It also has an unusually large same-day transfer allowance, which could come in handy once in a while.
But Marcus Online Savings isn’t perfect, so take a few minutes to learn about its capabilities and shortcomings before opening one.
What Is the Marcus Online Savings Account?
Backed by Goldman Sachs, one of the biggest banks in the United States, the Marcus Online Savings account is a high-yield savings account that yields 4.15% APY on all balances. It has no monthly or annual maintenance fee and no minimum balance to open or earn interest.
Marcus Online Savings doesn’t come with an ATM card or person-to-person transfer capabilities, but it does have an unusually large same-day transfer limit ($100,000) and unusually robust money management features built into its online and mobile account dashboards. It complements a broader lineup of Marcus CDs and money market accounts.
What Sets the Marcus Online Savings Account Apart?
The Marcus Online Savings account has several standout features:
Excellent yield on all balances. Marcus Online Savings yields 4.15% APY on all balances, with no minimum required to earn interest at the headline rate.
No fees or minimums. This account has no minimum opening balance and no ongoing maintenance fees.
Useful tools for savers. Marcus offers useful money management tools, including automated savings, a built-in savings calculator that shows how much your cash could be worth at specific points in the future, and a comparison tool that shows how much you can earn with Marcus compared with other banks.
24/7 customer service. Marcus is one of the few banks of any size that still has 24/7 customer support by phone.
Key Features of the Marcus Online Savings Account
All things considered, Marcus Online Savings is a straightforward savings account from a straightforward online bank. But knowledge is power, so dig a bit deeper into its core features before deciding to apply.
Account Yield
Marcus Online Savings yields 4.15% APY on your entire balance, with no minimum required to earn interest.
Account Fees & Minimums
Marcus Online Savings has no monthly or annual maintenance fee. There’s no minimum balance to open or maintain an account either.
Money Management Tools
Marcus Online Savings has a handy savings automation tool that lets you deposit a set amount on a recurring basis — weekly, monthly, or another frequency. The mobile app and online dashboard also have useful savings calculators that show both how much you can earn on your balance over time and how that compares with potential earnings at another bank.
Deposit Options & Transfer Limits
You can deposit cash into your Marcus Online Savings account via:
Marcus Online Savings doesn’t have an ATM card or accept mobile check deposits. However, you can transfer up to $100,000 in or out of the account with same-day turnaround — just initiate the transfer by 12pm Eastern and your money moves by 5pm Eastern the same day.
Mobile Features
Marcus has a comprehensive mobile app that can do just about anything the online dashboard can. You can schedule online bill payments and external transfers on your phone, and link your account with third-party money management apps like Quickbooks.
Deposit Insurance
Through Goldman Sachs, Marcus Online Savings balances are FDIC-insured up to $250,000. In the unlikely event that Goldman Sachs fails, you won’t lose any funds below that amount.
Pros & Cons
Marcus Online Savings has more positive attributes than negative ones. In fact, it’s difficult to find too much wrong with this account.
Excellent yields on all balances
No maintenance fees
Same-day transfers up to $100,000
24/7 customer support by phone
No mobile check deposit
No ATM access
Pros
Marcus Online Savings is a well-rounded savings account with a mix of features that appeal to would-be users across the income and wealth spectrum.
Well above-average yield. This account has an excellent yield (currently 4.15% APY on all balances) that puts it comfortably ahead of most competing banks.
No monthly maintenance fee. Marcus charges no monthly or annual maintenance fees on this account, so your savings won’t erode over time unless you withdraw.
No minimum balance. There’s no minimum balance to open (or keep open) this account. There’s also no minimum balance to earn the full advertised interest rate.
Same-day transfers up to $100,000. You can transfer up to $100,000 into or out of your account with same-day delivery. That’s an unusually high limit, especially for external transfers, which usually take one to three business days to clear.
Helpful budgeting and money management tools. Marcus offers some basic but helpful budgeting and money management tools, including set-it-and-forget-it savings automation and customizable savings calculators.
24/7 customer support by phone. You can reach a Marcus customer service rep by phone at any time of day (or night). You’re unlikely to take advantage of Marcus’ customer service very often because the account is so simple, but it’s nice to know it’s there.
Cons
Marcus Online Savings has some notable gaps in its feature lineup that could impact your ability to access or top up your balance.
No mobile check deposit. Marcus Online Savings has no mobile check deposit feature. That’s a notable gap in its menu of deposit options, and one that’s increasingly rare among well-funded online banks.
No ATM access. Marcus Online Savings doesn’t come with an ATM card, so you can’t directly withdraw cash from your account.
How the Marcus Online Savings Account Stacks Up
Marcus Online Savings is among the best online savings accounts around, but it’s not the only one you should consider if you’re looking for a new home for your long-term savings. Before you apply, see how Marcus compares to another popular option: Upgrade Premier Savings.
Marcus Online Savings
Upgrade Premier Savings
Maximum Yield
4.15% APY
4.81% APY
Minimum Yield
4.15% APY
None
Minimum Balance
$0
$0
Minimum Interest Balance
$0
$1,000
Maintenance Fee
$0
$0
With no minimum balance to open the account or earn interest, Marcus Online Savings is ideal for if you’re just beginning your savings journey. Upgrade Premier Savings is a better fit if you can clear the $1,000 minimum balance to earn interest, as its yield is significantly higher.
Final Word
The Marcus Online Savings account is an excellent online savings account because it has a yield well above the national average, no maintenance fees, and no minimums of any kind. Sometimes, simpler is better.
Not that Marcus Online Savings is perfect. The ability to deposit checks remotely rather than mailing them and an ATM card to directly withdraw cash from the account would both be nice. You can also find higher savings yields if you know where to look. But all in all, there’s more to like than dislike about this account.
Editorial Note:
The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
The Verdict
Our rating
Marcus Online Savings
Marcus Online Savings has an excellent yield relative to other banks and no minimums or fees to get in the way of growing your savings. It’s customer-friendly too, thanks to a generous same-day transfer allowance and 24/7 service. But it has some missing features that make it less flexible than some users might like.
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Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he’s not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.
On the heels of the Federal Reserve pausing its rate hikes, mortgage demand increased, but only slightly.
For the week that ended June 21, mortgage applications only climbed 0.5% from the prior week, according to the Mortgage Bankers Association. This slow growth highlights that while demand is there and rates have fallen for three consecutive weeks, activity continues to be constrained by low levels of affordable inventory.
“The 30-year fixed mortgage rate declined for the third consecutive week to 6.73%, while other mortgage rates saw mixed results. Purchase applications increased, driven by a 2% gain in conventional purchase applications and a 3% increase in FHA purchase activity,” said Joel Kan, MBA’s vice president and deputy chief economist.
“First-time homebuyers account for a large share of FHA purchase loans, and this increase is a sign that while buyer interest is there, activity continues to be constrained by low levels of affordable inventory.”
On Tuesday, U.S. Census Bureau data on new residential construction showed that housing starts rose 21.7% from April, and were up 5.7% from May 2022, to 1.63 million. It’s a hopeful sign that homebuilders will help offset an extremely low level of existing home inventory by getting a jump start on new projects.
The MBA data showed that the average 30-year fixed rate for conforming loans ($726,200 or less) decreased to 6.73% last week from 6.77% the previous week. For jumbo loan balances (greater than $726,200), the rate jumped to 6.80% from 6.79% in the same period, according to the MBA.
However, at Mortgage News Daily, mortgage rates were slightly higher on Tuesday, at 6.87%.
Refinancing applications decreased 2% last week compared to the previous week and were 40% lower than the same week one year ago. The refinance share of mortgage activity decreased to 26.9% of total applications from 27.3% the previous week. Meanwhile, the purchase index increased by 2% from one week earlier and was 32% lower than last year’s level on an unadjusted seasonal basis.
“The rate for jumbo loans exceeded the conforming rate for the second straight week – the last time jumbo rates were higher was in December 2021,” added Kan. “Tighter liquidity conditions have prompted jumbo lenders to pull back, increasing rates in the process.”
Regarding loan types, the adjustable-rate mortgage (ARM) share of mortgage apps decreased to 6.3% of total applications, the MBA data shows.
The Federal Housing Administration loans’ share increased to 13.3% from 13.0% the week prior. The U.S. Department of Veteran Affairs loans’ share decreased to 11.9% from 12.6% the week prior. And the U.S. Department of Agriculture loans’ share decreased one basis point to 0.4% of the total applications.
Today’s Millennials face challenges unique to their generation. With the cost of education on the rise, setting money aside for the future can be challenging.
That’s where Unifimoney can help. Combining banking and investing, you’ll get the all-in-one platform you need to save, as well as spend and invest with a unique combination of automation and easy access to alternative assets including cryptocurrencies and precious metals.
Ben Soppitt founded Unifimoney to make it easier for Millennials to manage their money and protect their long-term wealth.
What’s Ahead:
Why Unifimoney?
Based in San Francisco, Unifimoney serves the banking needs of young professionals in the United States. From high-yield checking, a robust multi-asset investment, a range of partner services including insurance and loans, and a credit card (launching in August!) – you can really manage most, if not all of your money in one app.
Unifmoney also has auto-transfer rules that you can set up to automatically move money from your old bank to your Unifimoney account on a schedule you determine.
But where Unifimoney really shines through is in its investment platform and automation features. The app includes both passive (robo) investing and active commission-free trading, 37 cryptocurrencies with more being added regularly, and even precious metals; gold, silver, or platinum can be delivered. The robo product builds a portfolio that fits your own goals and risk tolerance level.
Meet Unifimoney CEO – Ben Soppitt
Ben Soppitt has a long history in fintech leadership, including roles with Samsung Pay, Fitbit Pay, and Visa. He founded Unifimoney in 2019 and continues to serve as its CEO.
In addition to his work with Unifimoney, Ben is a member of the Forbes Business Council, an invitation-only organization for small and midsized business owners. He also performed a fellowship at On Deck, an accelerator that helps top talent accelerate their careers.
Recently, we spoke with Ben about his vision for Unifimoney and where he sees the field of finance going in the coming years. He also had a few great insights about personal finance for the Millennial generation.
Money Under 30’s interview with Ben Soppitt
What drove you to start Unifimoney? Do share any backstory about naming your company Unifimoney.
I had been in the financial services business for over two decades and witnessed the rapid increase in consumer Fintech companies launching bringing innovation, choice, and value to consumers. But I noticed a few things that the industry was not solving for and the wasted value to consumers was massive – over $20 trillion, money that could be going back to consumers and the wider economy.
These included ignoring the needs of mass affluent consumers including young professionals. These customers are in a very challenging position – they are high-earning but also high-debt from an extended period in education. They often live in high-tax and high-price areas like major cities. They have busy, stressful, and demanding jobs, and they have a lot going on in their lives. Managing money well is rarely high on their list of things to do, and it’s decisions that are made or more often not made at that time that can have an impact many years later – the opportunity cost of not managing your money is paid in the future and not today.
The other thing I noticed was that most Fintechs were solving for very specific and discrete parts of the financial ecosystem – active investing, Robo investing, cryptocurrencies trading, mortgages, loans, banking, etc., ironically with so many apps it actually makes it harder to manage your money than easier and that work falls on the consumer. Humans are not, on the whole, prepared to do hard, manual, repetitive work on a sustained basis, especially when the payoff may be decades in the future, so we put it off and that’s what managing your money can require. The result is that almost all mass affluent consumers suffer from three sins in managing their money:
Having too much money held in cash at a Big Brand Bank that pays little or no interest.
Having a credit card that does not maximize your return on spend.
Not dollar-cost averaging (in fact, less than 30% of Millennials are investing in the stock market at all).
If these were solved for the entire Millennial generation, it would create through their working lives and the power of compound interest over $20 trillion dollars of value by the time they retire. Solving for this is what we want to do at Unifimoney, and we do it through automation and product design so that our customers are automatically and by default solving for the three sins of personal finance and ensuring their money is working as hard for them as they do to earn it in the first place.
What sets Unifimoney apart from other investing apps?
We are an all-in-one app where you can manage most if not all of your investing and money management needs. We use automation to remove the manual work involved in managing money on a day-to-day basis. We have a comprehensive investment platform including Robo investing, Self Managed Commission Free trading, over 30 cryptocurrencies, and precious metals. We support fractional investing in equities and ETFs, crypto, and precious metals so any customer can get going with just a few dollars. We intend to progressively add more alternative investment assets over time like collectibles.
We have a full banking service – a hybrid high-interest checking account and are launching a credit card soon. This will be the only credit card in the world that pays rewards as Bitcoin, gold, or equities.
More important than the features and product functions, though, is that we enable our customers to truly automate their money. You can set rules to transfers funds automatically from your old banking institution into Unifimoney – move your money not your bank, we recognize that is a hassle. You can auto-invest any amount (the minimum is $25) each month into your Robo and trade in crypto, metals, and equities to the maximum in your account.
Deposit interest and credit card cash back are automatically rolled up and deposited into your Robo fund – unless gold or Bitcoin is selected for the credit card (this can be changed each billing cycle). We want to make saving and investing as easy and effortless as paying for an Uber.
You’ve shared that Unifimoney’s San Francisco-based team speaks 7 languages; tell us more!
We are a fully distributed team with both U.S. and international team members. At the last count, we can collectively speak seven languages. The Founders Ben and Ed are British and British/Australian respectively but both living in San Francisco. Whilst the U.S. is in many respects the leading Fintech market in the world, there are learnings and experiences from other markets that help inform our product design. Credit Cards, for example, is a very commoditized business in the U.S. – with almost no innovation in 30 years. Other markets in Asia and Europe are doing far more interesting things with Credit Card proposition design.
What advice do you have for a Gen Z and/or Millennial who hasn’t started investing at all yet but is interested in learning?
A few innovations have made the path to investing very easy, low cost and low risk. Fractional investing means you can buy into company stocks (or crypto or gold) for just a few dollars, you are buying a fraction of a share not the whole share. This reduces the barriers to entry considerably. Commission-free trading likewise makes it low cost to trade. Robo platforms can help create a portfolio based on your own risk profile, and auto invest means that you can set a schedule to invest even a very small amount of money regularly.
The average age to start saving for retirement is 32 in the U.S. – meaning for most, they have lost a decade of compound growth. Most people understand conceptually how compound growth but it’s hard to really imagine its power. We all almost all forget or ignore that compounding increases both our good decisions and our bad. Losing the first 10 years of your 30-40 year investing potential is a very hard blow indeed – these are the most important years – the early ones with the most compounding to benefit from.
When looking for a bank, what advice do you give Gen Z and Millennials? What features should they prioritize?
Well, we are a little biased to be fair.
Some things to consider we would suggest:
Whose interests are the banks really being run for? Customers vs Shareholders
The values of the institution should be considered.
How the institution is going to actually help you increase your wealth.
Try and actively think beyond the marketing – the top 10 Big Brand Banks spend over $15 billion a year on marketing – they are influencing your judgment, whether you realize it or not.
Be aggressively rational – e.g., metals credit cards are irrational and deflect focus from what you should really be looking at and assessing.
Unifimoney offers an all-in-one financial management solution. Do you find many of your members use it for all their banking needs, including checking and savings?
We are a complex answer to a complex problem – how to manage your money better without effort so it takes time for customers to really understand what we do plus we are still building and developing the platform.
We don’t expect our customers to give up their old bank and move to us immediately. It’s why we have created ways to automate funds flow from your old bank to Unifimoney. You don’t have to move bank, just the money.
We see two categories of customers so far – those who create an account, fund a few thousand dollars and then spend time learning about the services and increasing their funding over time. The second category is moving over larger portfolios of $100-500K either into the Robo or Self Managed platform. We hope our customers will develop and evolve alongside us, and we actively seek their feedback and incorporate that into our design roadmap.
Everyone is talking about cryptocurrency. How do you see digital currencies changing the financial landscape over the next decade?
It is clear we believe that blockchain technology and cryptocurrencies have vast future potential in many dimensions of life. Without any doubt, cryptocurrencies are a highly volatile investment choice, and we recommend that they are treated as such.
There are a few philosophies we believe largely hold true in investing for most people most of the time:
Spend less than you make.
Invest what you can.
Maintain a cash cushion appropriate to your needs.
The 85:15 ratio – 85% of your investments should be in a highly diversified portfolio matching your individual risk profile. 5-15% can be used for more high risk/high reward investments if you feel compelled to actively trade.
Dollar-cost average to manage market timing risk.
Cryptocurrencies and precious metals and indeed all forms of alternative asset we think have a role in diversification and the high risk 5-15% part of your active investing if that is of interest to you.
Equally important alternative assets – be they wine, sports memorabilia, collectibles, cryptocurrencies, gold coins, etc., tend to be much more interesting and engaging than ETFs for example.
They are a great way to get people interested in engaging in their wealth journey, and that is an important component we think to consider as well.
You did a fellowship with an accelerator called On Deck. What was that experience like? How has it helped you as you lead your company?
I did – it was early on in our journey, and it’s a community of Founders from all industries and levels of experience and career change. Coming out of a 20+ year corporate career, it was incredibly powerful and energizing to be around such a diverse group of people, all embarking on similar journeys to start new projects and companies that they believe so strongly in. I am still an active member of the online community and try and participate and support the community by giving back whatever I can. I have gravitated to more Fintech founders, which is natural, but I recently worked with a Founder from On Deck working on an education startup – teaching kids mechanical engineering skills starting with 3D Printing tech. My kids and I were part of his pilot.
As a business leader in a competitive market, what advice do you have for aspiring entrepreneurs?
I think there is a lot more randomness and luck involved that is generally talked about. Accepting that is very helpful. The most powerful force, though, I believe is serendipity “the occurrence and development of events by chance in a happy or beneficial way”.
As the old saying goes, the harder I work, the luckier I am. I work hard at having as many interactions with as wide a group of people as I can, and I find that the most powerful relationships often come from the most unlikely places and people, and they compound over time. Like money – smaller positive changes and actions done frequently compound to be very powerful. Same with relationships and people.
What is the biggest challenge you’ve faced in your career, and what did you learn from it?
I have been incredibly fortunate to have had the opportunity to travel and work in many countries during my career, including the UK, Kazakhstan, Indonesia, Singapore, and now the U.S. Very diverse environments and cultures, but I have often found the biggest challenge is always when people’s values and goals are not aligned. It’s hard to achieve that in a big corporate environment at the best of times, and some companies do it better than others. But when people are aligned, there is almost nothing that cannot be achieved.
Who in your life has been the most instrumental in teaching you about money management?
My Father who was very good with money, very disciplined, and thought long term – and my Mother who was truly awful with it. My parents divorced at an early age, so I saw the two paths evolve over time and in parallel to their natural conclusions. A hard and long lesson to be sure.
I have seen the long-term effects on physical and mental health and quality of life that money stress causes, and I will do anything I can to help as many people as possible avoid that fate.
What’s the best advice you’ve received (not necessarily money-related) that has shaped how you lead your life?
I am still learning – when I have reached a conclusion I will most assuredly let you know.
What’s your top personal finance tip?
Spend less than you earn, and invest the rest.
What is the financial book/website/podcast that has most influenced you?
I am really diverse in my personal finance media in part because so few of them can agree on really core things, so I try and read/watch as much as I can, and it’s a never-ending quest of learning, e.g. active vs passive, growth vs value, crypto vs gold, etc., but I take it all with a pinch of salt – I am personally very much following the boring but systematic approach in my investing whilst dipping into new things to learn and for fun – I recently invested in gold for the first time (via Unifimoney) and also sports collectibles via a third-party app just to learn.
The problem with a lot of financial media is that it’s interesting/informative, sometimes amusing, but ultimately fails because most people don’t act on it. The fact that less than 30% of Millennials are invested in the stock market is a shocking statistic to me, even lower below aged 30.
We as an industry collectively need to solve for the wasted trillions that are caused by poor financial management, and we are not there yet.
What piece of wisdom would you give your 20-year-old self about managing money?
Spend less than you earn, and invest the rest. I made my first equity investment at age 14 during Maggie Thatcher’s privatization of the UK’s government-owned utilities. I think it was in British Gas. I doubled my money.
I also placed my first bet around the same time, I think it was on the Grand National Horse race – held once a year in the UK. I lost all my money. That was a great lesson.
Summary
Unifimoney is a full-service financial platform offering all the tools necessary to efficiently manage your money. You’ll not only have the support you need to build a strong portfolio, but you’ll also learn positive financial habits that will carry you through the rest of your life.
Do you want to make extra money by renting out your storage space? This Neighbor Review will show you how it works and how much money you can make.
Are you looking for a way to make some extra money with the unused space that you have?
Neighbor.com is a platform where you can rent out your space to those who are looking to store their stuff, such as boxes of their belongings, furniture, and even their cars.
You can rent out your driveway, garage, closet, and more on Neighbor.com. It’s like Airbnb, but specifically for storage.
You’re not hosting any people and no one is spending the night. Just their stuff!
By becoming a host on Neighbor, you can make passive income from the space that you are not currently using.
The Neighbor website is easy to use, and you can list your space and get started today.
Click here to learn more about Neighbor.com and sign up.
If you are interested in renting out your unused space on Neighbor.com and making extra money, please continue reading my Neighbor Review below.
Quick summary:
Neighbor is a platform for renting your unused storage space to make extra money.
You can earn $100 to $400+ each month. This depends on demand in your area and the type of storage you are renting out.
As a Neighbor host, you get to choose who, what, and when things are stored.
Neighbor Review
What is Neighbor.com?
Neighbor.com is a platform that offers an alternative to self-storage. Neighbor connects people who have extra space (such as an unused closet) with those who need to store their stuff.
Neighbor was started in 2017 by Colton Gardner, Joseph Woodbury, and Preston Alder, and is based in Lehi, Utah. The Neighbor platform is available on both iOS and Android devices, allowing you to easily manage your rented spaces via the app and online.
You can rent out your garage, driveway, parking lot, basement, bedroom, shed, warehouse, carport, closet, attic, street parking spot, unpaved lot, and more.
As a self-storage alternative, Neighbor.com helps you make passive income by renting out extra space in your home.
In short, Neighbor.com offers a modern and efficient way for you to earn extra income by renting out the unused spaces in your home, while providing an accessible and cost-effective storage solution for others who need to store their stuff.
How much money can you make from the Neighbor app?
With the Neighbor app, your earnings depend on the demand and supply for storage space in your area.
Some places will have much higher demand than others, and you may be able to charge more for your storage space. And, the opposite may be true as well – there may not be much demand and due to that you may have to lower your storage rates.
You can make anywhere from $100 to $400 per month or more for renting out your space. The more desirable your available space is, the higher your potential earnings.
Some types of storage will earn you more money. I did a quick search and I found someone near where I currently am, and they are renting out indoor storage that is climate controlled for $1,000 a month that is big enough to fit a large RV, along with whatever else you want to store.
Why would a person store their stuff at a stranger’s home?
This is a great question. Why would a person want to store their stuff at your house instead of just going to a traditional storage facility?
Renters like to use Neighbor.com because it is an alternative to traditional storage units.
With Neighbor, that have more options, and it may be more convenient for them to store their stuff at your place. There’s no paperwork for them either, and it can all be done through an easy app.
Plus, many traditional storage facilities may be full and even have a waitlist (I have needed to store my RV in the past and many times the waitlist is years long, for example.
How Does Neighbor Storage App Work?
The Neighbor platform is easy to use.
The Neighbor Storage App connects people who have available storage space with those looking for a place to store their items. If you have unused space, you can list it on the platform, and if you need extra storage, you can search for suitable options nearby.
The Neighbor app allows you to list your space, set your price, and collect monthly rent. Communication between hosts and renters is all done through the app as well.
As a Neighbor host, you’ll need to create a listing on the Neighbor website for the storage space that you are wanting to rent out. You’ll give them details about the space, such as the size, type (is it a driveway or shed?), location (what town are you in?), and any specific requirements for potential renters. You should take pictures of the space too, as they can help a renter determine if the space is good for them or not.
After you’ve created your storage space listing and received a booking request, you can talk with the renter through the Neighbor app.
Once the booking is confirmed, you’ll coordinate with each other to have the belongings moved into the storage space. The platform also offers built-in tools for tracking and managing rental agreements, so that the transaction is easy for both hosts and renters.
Signing up and getting started with Neighbor is simple:
Download the Neighbor app or visit their website
Create a free account
If you’re hosting storage space, set up your listing with details and images
If you’re renting, search for suitable storage options and send booking requests
Communicate with your match and finalize arrangements
The steps to make money on Neighbor.com
To make money on Neighbor.com, follow these simple steps:
Create an account: Sign up for a free account on Neighbor.com using your email address, phone number, and basic personal information.
List your space: Provide details about the available space you want to rent out, including the dimensions, type of space (e.g. closet, attic, garage), and any unique features or restrictions. Upload clear, high-quality photos of the space to attract potential renters.
Set your price: Determine a competitive monthly rent for your listed space. You are in control of the price, so consider factors such as location, size, and demand in your area. Keep in mind that Neighbor.com will take a small percentage of your earnings as a service fee.
Review and accept bookings: Renters will send you booking requests for your storage space. Review their profiles and accept bookings from those who meet your requirements. You can even talk with potential renters through the Neighbor platform if you have any questions or concerns.
Get your storage space ready: Before the renter moves their belongings in, ensure your storage space is clean and easily accessible.
Maintain communication: Keep in touch with your renters throughout the rental duration. If they have any questions, make sure to get back to them in a timely manner. For the most part, it is fairly passive income, so you won’t normally need to talk very often.
Receive payments: After a successful booking, Neighbor.com will handle the payment process for you and they collect the rental earnings directly from the customer for you. Rent is collected monthly and automatically deposited into your chosen bank account or PayPal.
As you can see, it is easy to make passive income with Neighbor.com.
The types of storage you can rent on Neighbor.com
There are many different types of storage space that you can rent out on Neighbor.com.
Some common storage options you can rent on Neighbor.com include:
Garage: Renters may need to store a vehicle in your garage. This can be for reasons such as going on a long vacation, needing to temporarily free up space in their driveway, and more. They may even store furniture or other equipment. Garages are in demand because they can protect belongings from bad weather and also help keep items safe from theft.
Storage space: Smaller spaces within a house, such as closets, cabinets, or attics, can be rented out for storing smaller items or boxes that don’t require a large area. Neighbor even says that you can rent out a shelf in your home!
Driveway: For those in need of a place to park their cars, boats, or RVs, renting a driveway can be an affordable and convenient choice.
Shed: Outdoor sheds are perfect for storing gardening tools, bikes, or other items that can withstand the elements.
Things To Think About Before Renting Out Your Storage Space
To become a host on Neighbor.com, there are some things that you will want to think about.
Space Requirements – To become a host with Neighbor, all you need to do is clear a space in your property. Think about what you have available, even if that means that you may have to clear out some room and shuffle some of your belongings around. Remember, the more attractive and functional the space, the higher the chances of attracting renters.
Responsibilities – Your main responsibility as a host is to provide a safe and secure space for renters to store their belongings. You will want to keep the area clean and safe for a renter. You will also need to communicate with renters to coordinate pick-up and drop-off times, and answer any questions that they may have.
Liability coverage – To give you peace of mind, Neighbor offers liability coverage for hosts up to $1,000,000. In case a renter’s belongings are damaged or lost under your care, you won’t be held liable for the damages.
Identity Verification – For the safety and security of both hosts and renters, Neighbor requires all users to verify their identity when signing up. This process entails providing your legal name, date of birth, and proof of identity, such as your driver’s license. By verifying your identity, this creates a safer community.
Theft Protection – You should take measures to protect the items stored on your property, such as using locks or installing security cameras. Also, renters’ items are covered up to $25,000 in case of theft.
Managing Renters and Payments
Neighbor strives to provide a safe and secure platform for hosts and renters. When a potential renter expresses interest in your space, you have the chance to review their profile and approve or deny the request.
Once a renter is approved, Neighbor handles all the payments by charging the renter’s debit card monthly and depositing the funds directly into your bank account.
Payment Methods
Neighbor offers various payment methods for both hosts and renters. As a host, you will receive your earnings via direct deposit to your bank account.
Renters can pay for their storage space using a credit card, debit card, or other supported payment methods.
Service Fees
Neighbor charges a service fee of 4.9% + $0.30 on each payment from the renter.
So, if your rental fee is $100, then Neighbor will withhold $5.20 as their service charge, and you will receive the remaining amount ($94.80).
Refund Policy
Neighbor does have a refund policy and cancellation policy. This means that a customer can decide not to store their stuff at your home.
In case a renter decides to cancel the contract before moving in, they might be eligible for a full refund depending on the timing. However, if a renter cancels after moving items into your space, they may only receive a partial refund, depending on the remaining paid rental period.
Insurance and Liability Protection
As a platform for storing strangers stuff in your home, you probably have questions about safety and security.
Neighor offers insurance for both hosts and renters, protecting you from potential losses due to theft or damage. As a host, you’re eligible for a $1 million host guarantee, giving you peace of mind when you’re sharing your space with others.
As a renter, Neighbor provides a $25,000 protection plan (their rental guarantee) for your stored items as well.
Prohibited Items and Restrictions
Now, you are probably wondering – “But what if someone wants to store things that I am not okay with?”
This makes complete sense, as you, of course, don’t want someone storing illegal drugs or garbage in your home, of course.
To maintain a secure environment for everyone using the platform, Neighbor has set guidelines on prohibited items and restrictions. Keep in mind that certain items are not allowed to be stored in Neighbor storage spaces.
Prohibited items include, but are not limited to:
Hazardous materials
Explosives
Pesticides
Firearms and ammunition
Illegal drugs
Waste
Animals
Perishable goods
Are Neighbor.com reviews positive?
Neighbor has received many reviews on Trustpilot, which have been a mix of both positive and negative reviews.
Some reviewers write about the excellent service they have received by renting out their space on Neighbor, while I did see some negative reviews with specific Neighbor hosts, for example.
Also, some people have had good experiences as renters and hosts, while others have faced issues with billing and customer service.
Common Questions About Neighbor.com Storage
If you have more questions about renting out your unused space on Neighbor.com, please read the FAQs below.
Is Neighbor.com legitimate?
Yes, Neighbor.com is a legitimate company that connects people looking for storage space with those who have extra space available.
It is a peer-to-peer marketplace, where hosts can list their garage, spare bedroom, attic, basement, driveway, or any other space that someone else can use to store their belongings.
Is Neighbor safe to use?
Yes, Neighbor is safe to use for both renters and hosts. The platform gives $1,000,000 in liability coverage for hosts and $25,000 in insurance coverage for renters.
Plus, they have a prohibited items list, so that can help protect you as well.
Are the fees on Neighbor reasonable?
Neighbor does charge a fee. This is because they have created a platform to make sharing your storage space easy.
As a host, Neighbor charges a 4.9% processing fee and $0.30 for every reservation. For renters, there is around a 15% service charge in addition to the rental price.
How does payment work?
On Neighbor, renters pay through the platform, and hosts receive their payments directly from Neighbor. This ensures a secure transaction for both parties, with agreed-upon terms.
Is Neighbor.com BBB accredited?
Neighbor.com is not currently BBB accredited. However, BBB accreditation does not guarantee a better experience or whether a company is legitimate or real.
Can I make money with Neighbor? Is Neighbor a good way to make money?
Yes, you can make money with Neighbor by renting out your extra space to others who need storage. As a host, you set the price for your space, and the platform helps connect you with potential renters.
You can make anywhere from $100 to $400 per month or more in passive income for renting out your space.
Related: 30 Best Money Making Apps
Neighbor Review – Is the Neighbor app worth it?
If you are looking to make passive income, then renting out your unused storage space on Neighbor.com may be something that you are interested in.
To understand how Neighbor.com works, think of it as an Airbnb of storage; you offer your spare storage space (garage, basement, shed, etc.) for renters as temporary storage units without having to deal with the work of hosting guests.
Instead, you are just storing their stuff and then they leave! So, all you need to do is clear out a space for them to put their belongings.
For hosts, one of the main positives of using the Neighbor app is how easy the website makes everything. As a host, you can list your storage space with a description, pictures, and price. You can also decide on the length of time you want to rent it out – whether it’s for a month, a few months, or even longer.
For renters, the Neighbor app provides an affordable and/or convenient alternative to traditional storage units. Renters can browse listings and find storage spaces near their location that fit what they are looking for. Once they find a storage space that they are interested in, they can rent it from you and start storing their items.
Neighbor does charge a fee for using their website, but they are relatively low. As a host, you set the price for your storage space and the platform takes a small commission from the rent you receive for the convenience of using the Neighbor platform.
If you have an unused storage space and are looking to earn some passive income, the Neighbor app can definitely help you make some extra money.
Click here to learn more about Neighbor.com and sign up.
Would you rent out your extra space? Why or why not? What other questions would you like me to answer in this Neighbor Review?