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I’ve been told that life is about living in the moment.
But are you living with intention?
Intention means to be aware of what you want, and your desires should align with your purpose.
If they don’t, it can lead to a feeling of not knowing who you are or where on earth life is heading. And without those two things happening in unison – clarity and direction – then any type of accomplishment becomes difficult if not impossible (see my personal story below, for example).
So how do you live with intention?
For many people, life is a struggle.
We are constantly told that we need to do certain things and be a certain way in order for us to feel fulfilled or happy.
While this may sound like good advice, it can lead some of us down the wrong path–especially when our lives are already suffering from a lack of motivation or direction.
In this post, we will discuss seven reasons why you should consider living your life with intention now rather than just letting life lead you. Also, this may change your perspective on life.
There are great benefits that come along with living your life with intention and what it means to live without limitations.
Most importantly, there will be questions you may want to ask yourself which could help get you started on the right path going forward.
Either way, to live life with intention, you must take action now!
What is Intentional Living?
This is an intentional practice of living more intentionally, with a greater focus on self-care and mindfulness.
Intentional living is a lifestyle that encourages you to identify your priorities and values.
This means that it matters more than ever before because people are gradually becoming clearer on what they want in life and how they can achieve those things.
It is not an easy task but one worth taking up if you’re ready for the challenge, as there will be greater clarity of focus when pursuing this goal.
Living Life with Intention Meaning
Intentional living means that we are aware of what’s going on in our lives and make conscious decisions about the things we want to do. It also implies being present, stopping for a moment, reflecting, and thinking about what’s happening.
When you live intentionally it gives your life meaning because you will see progress over time as opposed to just fixing things or achieving goals by ticking them off a list.
Intentional living is a lifestyle that allows for more time to experience love, laughter, happiness, and appreciating the intrinsic value of simpler things.
Saying I appreciate you is important.
In these exploratory questions below, we looked at what makes you happy, how you spend your time, and your future plans.
Why is it important to live intentionally?
It is important to live intentionally because you will have a life that is more meaningful, purposeful, and rewarding.
You are able to make decisions about what you want out of your life and know what is most important to you.
In this busy world, it is easy to get caught up in the rat race. Simplify your life and spend time doing what matters most requires living with intention.
We need to be mindful of how we choose our day-to-day activities so that they serve a greater purpose.
By living intentionally, one can live a happier and healthier life. Purpose in life is correlated with happiness.
7 Reasons For Living Life with Intention and Purpose
Intentional living is a lifestyle that focuses on reflecting and making conscious decisions about what’s in alignment with your values.
This approach to life helps you live more meaningful, satisfying lives by taking time out of each day to consider who you are, what matters most to you, and how might be able to change the course of your life for the better.
It only takes 7 minutes per day for intentional reflection.
In a short amount of time, the benefit is it allows you not only to think about what is in alignment with your values but also how you might be able to change the course of your life for the better.
And that’s the point of intentional living: to live your life with intention.
These 7 reasons are not only worth pursuing now but also in life’s present moments where there is no need to wait until tomorrow because it can be done today!
1. You’ll be more in the present moment.
You will be able to live a life more spontaneously and deeply, with intention.
By living each day more deliberately, you will find greater peace bliss, serenity in your day-to-day life, and increased meaning in a world where things and people repeatedly start to look the same.
Living a life with intention and purpose is going to be one of the best decisions you can make. Why? The power that comes from living a deliberate life will impact every area of your being.
2. You’ll be focused on goals and daily tasks, not distractions.
A person’s life is often focused on daily tasks, work, and going through the same routine day after day. This focus has its benefits, but it also entails forgetting about important goals that a person has set.
With the abundant distractions in our lives, we seek the next big project (or social media) to distract us from what we need to focus on.
In times like these, it becomes difficult to make the “life decisions” that will lead us closer to success.
3. You’ll be more likely to make smarter decisions and take on new challenges with confidence.
Happiness is a choice, and so are meaningful relationships. Time well spent will be a joyful day.
Managing your expectations will improve your life, making it harder for you to get too disappointed.
Start new projects with ease and make motivation part of your daily routine.
Handle criticism with ease knowing there will be some bumps and bruises along the way, but you know it is worth sticking your neck out.
Utilize today’s technology to your advantage – not a distraction device.
Sidestep old patterns or bad habits, so that you are open to the opportunities that lie ahead.
Perception of ease is attainable when you make healthy lifestyle choices and become reliant on an inner sense of what is worth.
4. It will help you better understand your priorities, which means less decision fatigue!
You’ll feel more relaxed knowing you are saving your time for the activities that matter: conversation, cooking dinner with friends, sitting on the couch working on your weekend project, and reading a book.
Maintaining your lifestyle and personal growth should be a top priority in your personal development plan since it is impossible to get back any time you waste.
This should not have to be a life of hustle.
In this life, you have time for time activities with meaning and purpose.
5. It will help keep you on track with your goals and priorities, which can be hard to do without a plan.
You have to find your 100% pure motivation and encouragement in this journey of life!
By setting goals and aligning your priorities, it will transform the way you live your life and have a fulfilling time.
Our focus on this post resonates with a well-timed message to help facilitate personal growth and success- with empowering and easy steps.
Learn how to make money goals and a vision board.
6. You’ll have the freedom to live life how YOU want to live it.
You’ll have the freedom to live life how YOU want to live it.
You will have the freedom to set and achieve objectives using the resources you have.
You will love how it keeps you balanced, since your world is always changing, and the results will show on your path to success.
One of the ways to achieve this is to understand the real meaning of time freedom. More importantly, you need to figure out how to live with time freedom dominating your day.
7. You will have clarity of your desired outcome and what you want to create for yourself, others, or both (meaning you’ll have a purpose).
Since the idea of pursuing happiness can be vague, you have to define the truths about living this free life and live more intentionally.
In these times, many are foregoing happiness in favor of sacrificing something to feel secure within their careers or daily overexerting themselves by trying to “keep up with the Jones.” You deserve clarity of how you want to spend the remaining years you have.
This answer will vary from person to person and situation to situation because you have the freedom to design the life you want.
With so many distractions and options, it can be hard to find your way. Whether you’re looking for love, fulfillment, or a career path, this mantra is the life guideline that will provide clarity and stay true.
Now, It is Your Turn…
Living Life with Intention turns the phrase “figuring it out” into a guide to the life you love.
It is about being aware of what matters most and prioritizing it in a way that helps you reach your goals. Intentional living is not just for those seeking blessings or divine guidance; anyone can benefit from this approach – whether they be spiritual seekers or simply trying to improve their quality of life.
This is how can I have an intentional life.
Is intention and purpose the same thing?
Intention is a conscious choice to act in a certain way. Purpose, on the other hand, is something that we do because it’s part of our core values and who we are as people. Intention helps you live life with purpose and intention.
The difference between Intention and Purpose:
– Intentions are short term goals or actions. These are things you do today to achieve your purpose.
– Purposes are your long term goals or actions. This is whys why you are doing the things that lead up to your intentions.
In addition, purpose also means that you are doing something for a larger reason than just the goal or action itself.
Intention and purpose are different because the intention is short-term, while purpose is long-term. They correlate to each other on how you live your life each day.
How to Live Life with Intention
Intention is defined as the direction or goal of one’s thoughts and actions. Even though people may be living their lives without intention, life still has a direction.
In order to live life with intention, one must think about their actions and their consequences of them. The consequence could be something small such as not picking up an item at the store that you needed to buy, or it could be something monumental such as not staying in a relationship that you feel is no longer healthy for you.
The point of living life with intention is to make the best choices for oneself, one’s family, and one’s future.
In order to do this, you must answer these soul-searching questions.
For most people, this is difficult because it requires you to consider how you want to live your life.
There are many ways that one can do this, and the answer will be different for everyone. However, it is important to do this with intention and intentionality.
1. Envision your perfect day
Make a picture of what your life would look like if you were living that perfect day and make it as detailed as possible.
Find a quiet place to sit and be still for at least 10 minutes.
Think about:
What would you spend your time doing?
Where would you be?
Who would be with you?
Now, how can you live days like that more often?
2. Decide your Personal Values
In order to make a change, you must first decide what is important to you. This process can be difficult and painful, but it’s necessary in order to keep yourself motivated towards your goal.
It is important to decide what your personal values are and use them as a guide for making decisions in life.
This is a process that starts with thinking about what your personal values are. This can be difficult to do in the abstract, but it is helpful to think of your values as being somewhere on a spectrum between your beliefs and what you do.
Do this exercise like you were an outside person looking in. What would that person say about you? What do you value in life?
Your life of personal values will be necessary in order to live with intention.
3. What is your Vision for Life?
Your vision for life is what makes all the difference in how you live your day-to-day life.
Core values are the guideposts that lead you along your path to fulfillment and happiness. By looking back on moments when you feel proud or happy, it’s easier to find out what is important to you and how those things can be expressed through your actions today.
A simple example could be:
My vision for life is to be happy and healthy. I want to live a long, fulfilling life with the love of my family and friends.
If you have never created a vision board, then this vision board planner will help you out!
4. Question the “Norms”
Think about everything you believe you belong on your list of “have tos.”
Those things you feel like you must do. Some examples of these are “you have to go,” “you need to eat,” and “I have to do my homework.”
Now, take a birds-eye observation… do these “norms” and “have tos” serve you well?
Are these “norms” the reasons why you are not living your life with intention?
Take inventory of what you actually have to do every day and eliminate all that does not serve your goals.
5. Relax Intentionally
Relaxing intentionally is a process in which one seeks to achieve a temporary escape from stress and the overwhelming pressures of everyday life.
This is something that is HARD to do when you first attempt to relax.
It is important to take some time for yourself.
Unwind from a busy day and get back into the life of intention by choosing low-energy activities that re-energize you.
During quiet time, spend time intentionally uncovering ways that help you relax.
Are you Ready to Live Life with Intention?
Ultimately, living life with intention is about curating a life based on things that really matter.
You can do this through intentional time management and making sure you are spending your time in the way that makes the most sense for yourself. This will help you to be more clear on what it means to live intentionally as opposed to just being dictated by society’s standards or guidelines.
This is something that you deserve to do.
Furthermore, intentional living is about being present and aware of what you value.
It is a shift from striving for the life that others think you should be leading to embracing the one that feels good. Intentional living allows us to find more room for love, laughter, happiness, and appreciate all those things we often take for granted in our daily lives.
It doesn’t mean giving up on your goals or aspirations but rather finding rhythm so they feel true instead of false like many other pursuits.
Living a life of intention will impact the world on what you believe in.
This is a step necessary for personal growth, which leads to accomplishing more things than you ever thought possible.
With true reflection, it will take time to figure out your values and decide what they are.
Intentional living is about more than just paying bills and going to work each day — it’s about giving your life a purpose. It means considering every decision from all perspectives that are relevant to the kind of life you want
You just have to start questioning every single action you take.
This is how can we live an intentional and purposeful life.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
WEISSPORT, Pa. – A new destination for hand-crafted baskets, pillows, framed artwork, seasonal accents and other home furnishings is set to open this weekend in Carbon County.
Simple Home Pennsylvania, a store offering unique home decor and gifts, including many items made in the United States by artisans and crafters, will hold a grand opening at 11 a.m. March 2 at 500A Bridge St. in Weissport.
The business will operate near The Gorge Eatery in a renovated portion of the Hofford Mill, a late 19th century building that originally operated as a lumber mill.
Simple Home Pennsylvania owner Sarah Kuhn, of Lehighton, labels her new venture a “passion project” and hopes it will help to reinvigorate Weissport’s business scene.
Unlike many of the antique and consignment shops in the area, Simple Home Pennsylvania will carry “more modern and contemporary products,” Kuhn said.
“I’m really excited,” Kuhn said. “There’s not a lot of opportunity for people in Weissport and the surrounding area to shop this kind of way without having to go to Allentown or other places that are a half hour-plus away. The Gorge Eatery has had a lot to do with Weissport’s rebirth, and we’re hoping to help complement that.”
The store will feature a wide array of home decor items, including dried and artificial florals, vases and planters, wreaths and garland, and serving boards and trays.
Customers also will be able to shop throw blankets and pillows; scented items such as soaps, candles and diffusers; and kitchen products such as mugs, cannisters, dish towels, dinner napkins, oven gloves and natural acacia wood cooking utensils.
“We’ll also have some customized items that are local to the area, including pieces featuring Mauch Chunk Lake and Beltzville Lake,” Kuhn said.
With the help of her father, Kuhn renovated the roughly 1,000-square-foot space to include new flooring, counters, wall paint and more.
“My father has flipped a couple of houses in the past, and I’ve helped stage them and given him design ideas on how to remodel them,” Kuhn said. “He’s retired now and spent countless hours helping me remodel the space – making a custom fireplace, adding new flooring, everything.”
Customers also will be able to shop books, including cookbooks and selections in other genres such as how-to, self-help and decorating inspiration, along with “Support Local Farmers” and “Support American Farmers” sweatshirts.
“We’ve gotten a lot of interaction on our Facebook page regarding our support for local farmers and our clothing displaying those messages,” Huhn said. “There’s a lot of excitement for that.”
To celebrate its grand opening, Simple Home Pennsylvania will offer a door prize along with discount coupons (valid on March 2 only).
Going forward, store hours will be 5-8 p.m. Thursdays, 5-9 p.m. Fridays, noon to 9 p.m. Saturdays and 10 a.m. to 4 p.m. Sundays.
Customers also can shop online at simplehomepa.com and place orders for pickup or delivery within 10 miles of the store.
For the latest Simple Home Pennsylvania updates, follow the business’ pages on Facebook and Instagram.
To answer whether a $40,000 salary is good, you need to consider your perspective. For a recent grad in a small town where the cost of living is low, that might be an annual income that pays the bills. But a $40,000 salary is not typically enough for a household to live comfortably in most parts of the United States. To put it another way, a single person can live more comfortably on a $40,000 salary, but a family — with or without children — may find it more difficult.
Rising inflation has made it more challenging to get by on $40,000 in 2022, but this salary is still far above the United States Census Bureau’s poverty threshold for families of up to six people. The $40,000 figure represents earning more than the federal minimum wage ($7.25/hour).
So is $40,000 a good salary? Well, it depends.
Key Points
• A $40,000 salary may be sufficient for an individual in a low-cost area, but it may not be enough for a family to live comfortably in most parts of the US.
• Rising inflation has made it more challenging to live on a $40,000 salary, but it still exceeds the poverty threshold for families.
• Compared to the median household income in the US, a $40,000 salary falls short, but it can contribute to the median household income when combined with a second income.
• A $40,000 salary translates to a monthly income of $3,333.33, a biweekly paycheck of $1,538.46, and a weekly income of $769.23.
• Living on a $40,000 budget requires careful expense tracking, budgeting, debt management, and saving strategies. Location plays a significant role in how far the salary can stretch.
How Does a $40,000 Salary Compare to the American Median Income?
Here’s a look at how earning a $40,000 annual income compares to that of your fellow Americans.
• According to the U.S. Census Bureau, the median household income in 2020 (when data was gathered) just surpassed $67,500.
• More recently, the Bureau of Labor Statistics determined that the median weekly income of a full-time worker (salary or hourly) was $1,037, or nearly $54,000 a year.
While a $40,000 salary falls short of recent BLS definitions of the median personal income, it could successfully contribute to the Census Bureau’s picture of the median household income, when combined with a second income from a domestic partner.
Could this salary be considered good? Consider the following:
• As an individual, you may find that $40,000 is a good entry-level salary.
• Couples living the DINK lifestyle (which stands for dual income, no kids) and who each make $40,000 would be well above the median household income. Plus, they would have the additional costs of raising children as part of their budget.
$40,000 Salary Breakdown
It can be helpful to know what a $40,000 salary translates to as a monthly budget, weekly paycheck, or even hourly rate. This may help you compare career options and budget wisely, not to mention answer that question, “Is $40K a good salary?”
Here’s how it breaks down:
• Monthly income: $3,333.33
• Biweekly paycheck: $1,538.46
• Weekly income: $769.23
• Daily income: $153.85*
• Hourly income: $19.23**
*Based on 260 working days a year **Based on 2,080 working hours a year
And remember: That’s before taxes. If you are single and make $40,000 a year, your federal tax bracket is at 12%, but you may also owe state, city, and even school district taxes as well. It’s important to keep that in mind as you plan and assess how to pay bills and save with this salary.
Recommended: What to Do When You Get a Pay Raise: 12 Tips
Can You Live Individually on a $40,000 Income?
It is possible to live individually on a $40,000 income. In fact, you may be able to afford the average monthly expenses for a single person and work on your saving and investing goals.
Your location will have the largest impact on how far your dollars will stretch. Areas with a lower cost of living will likely be easier to afford for an individual on a $40,000 income.
As an individual, you can help your salary go further by looking for ways to save money, like:
• Having a roommate or renting out a room in your house if you own one
• Cooking at home instead of eating out
• Buying a used car or, depending on where you live, relying on public transportation
• Finding a higher-yield savings account, ideally over 1.00% APY
Get up to $300 when you bank with SoFi.
Open a SoFi Checking and Savings Account with direct deposit and get up to a $300 cash bonus. Plus, get up to 4.60% APY on your cash!
Best Places to Live on a $40,000 Salary
If you can afford moving expenses and aren’t tied to a specific location for work, you can make your dollars go further more easily in certain locations in the United States. These are places with a lower cost of living. Here are the five cheapest cities to live in the U.S. this year, according to U.S. News:
• Hickory, North Carolina
• Green Bay, Wisconsin
• Huntsville, Alabama
• Quad Cities (Davenport-Bettendorf, Iowa and Moline-Rock Island, Illinois)
• Fort Wayne, Indiana
However, there’s more to moving than just the expenses and the job. Before packing up a rental truck, consider whether you are comfortable leaving behind friends, family, and familiar places.
Recommended: Financial Moves to Make During a Job Transition
Worst Places to Live on a $40,000 Salary
A $40,000 salary might not go far enough in a city with a high cost of living. U.S. News research indicates these are the most expensive cities to live in:
• Los Angeles, California
• Miami, Florida
• San Diego, California
• Salinas, California
• Santa Barbara, California
And if you were expecting to see New York City on this list, don’t worry: It’s not far behind, at number nine.
Tips for Living on a $40,000 Budget
So how can you (and possibly your family) live on a $40,000 budget? It’s important to cut costs, look for deals, pay down your debt, and build up savings for an emergency.
But living on a small salary doesn’t mean you have to completely give up entertainment. Remember that it’s OK to treat yourself to the nice things in life from time to time, as long as they are within reason. Everyone needs some fun in their life.
Here are some important tips for living on a $40,000 budget:
Carefully Tracking Your Expenses
First things first, get an understanding of your current spending habits. Your bank may offer tools that make this easy to analyze or you can download apps or check websites that make this easier.
Consider what bills you have every month, whether they are on auto pay, and, if so, when do they process? (This will help you schedule your bills and avoid getting hit with late fees.) Make a list of all your recurring expenses (mortgage or rent, student loans, car payment, phone, insurance, and utilities), and then analyze how much on average you’re spending on more variable expenses like groceries, gas, clothing, and entertainment.
What can you cut? What bills can you negotiate down? Where can you reallocate money toward savings?
Now that you have an idea of what you’re currently spending, it’s time to design a budget around what you should be spending.
Start by plugging in necessary monthly expenses; these are things you must pay for each month, like your home, insurance, and food. Only once you can see that these basic needs are met should you begin to budget for things like dining out or new clothes, also known as wants vs. needs.
Not sure where to start? Do some online research on how to make a budget. There are different techniques including a line item budget and the 50/30/20 budget rule.
Getting Out of Debt
As you consider how to manage daily life on a $40,000 salary, it’s wise to pay attention to the role that debt plays in your personal finances. Mortgage and student loan debt are structured to be paid off over decades, and can be considered by some to be good debt, as the interest rates are often relatively low and timely payments build your credit history. The rates on credit card debt, however, can be high (currently over 20% on new offers and 16% on existing accounts) and therefore more detrimental to your finances (and mental health). If you have serious credit card debt, it is wise to cut back expenses as much as you can so you can focus on paying off your debt.
You can tackle your debt using the snowball method or the avalanche method. You may also consider a balance-transfer credit card or a debt consolidation program, depending on your situation. A debt counselor who works for a nonprofit, like the National Foundation for Credit Counseling (NFCC ), can be helpful as well.
Saving Your Money
If you are debt-free (house, car, and student loan payments aside) and still have wiggle room in your budget after accounting for necessary expenses and a little bit of fun money, you can allocate some of your $40,000 salary toward your saving goals. These might include vacations, a house down payment, renovations, or a wedding. An emergency savings fund is often a good place to start.
Recommended: How to Save Money from Your Salary
Investing Your Money
After you have gotten a handle on your expenses, designed a budget, and opened a savings account, you might consider if there is enough leftover from your $40,000 salary for investing. This may not be possible if you live in a city or state with a high cost of living.
How can you start investing? If your employer offers a 401(k) match, consider taking advantage of that. It’s basically free money, so contribute enough to snag it.
You can also look for automated investing opportunities so you don’t have to worry about building a portfolio from scratch.
Managing Finances With SoFi
If your $40,000 salary is paid via direct deposit, think about opening a high interest online savings account. With direct deposit, you can get an array of perks from our SoFi Checking and Savings account. You’ll spend and save in one convenient place, plus you’ll earn a competitive APY and pay no fees, which can help your money grow faster. What’s more, qualifying accounts can get paycheck access up to two days early.
Make the most of your money with SoFi.
FAQ
Can you live comfortably on $40,000 a year?
Individuals can often live comfortably on $40,000 a year. Families, however, may struggle with this salary, especially in areas with a higher cost of living.
What can I afford making $40K a year?
If you are an individual living on $40,000 a year in an area with a low to moderate cost of living, you can afford typical monthly expenses like food, housing, and utilities and still have enough for some fun expenditures, like entertainment. If you are frugal and build a budget, you may also be able to pay down debt, build your savings, and even invest a little.
Is $40,000 a year considered middle class?
According to Pew Research, a middle-class family of three makes between $56,000 and $156,000. Families of that size who bring in $40,000 a year would not be considered middle class. However, an individual making $40,000 a year would likely qualify as middle class.
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SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
SoFi members with Qualifying Deposits can earn 4.60% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.60% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Whether it’s a 5% increase or a 20% bump, a pay raise at work is an opportunity to take charge of your financial priorities. A small raise might not seem like much when it’s broken down into a biweekly paycheck, but over time, that difference in income could provide a boost to your lifestyle or be put toward other financial goals.
Whether you decide to pay off debt, pad your safety net, invest, give back, improve your quality of life or treat yourself, a raise is a good time to think about the direction of your financial life.
Keep an eye on lifestyle creep
Many personal finance experts warn against “lifestyle creep,” which is when you begin to spend more as you earn more. Lifestyle creep can take the form of buying more conveniences — like ordering food in more often — or buying more expensive or higher-quality items, like sturdier hiking boots or a better brand of skin care products.
“If you get a raise and use it to buy a new car or a new home or go out every weekend, your rate of spending might surpass your new income,” says Mabel Nuñez, founder of the investing education site Girls on the Money.
Nuñez says that it’s good to reward yourself, but she advises clients to avoid buying more expensive things.
“Think about an expense that’s going to be a one-time purchase or something that’s going to make you better, like traveling somewhere new or taking a cooking class,” Nuñez says. “Don’t spend just for the sake of spending.”
Once you’ve looked at your financial situation, you might find that it’s not in your best interest to increase your spending on nonessentials. But if you’re feeling good about the status of your consumer debt and savings, then you might choose to spend more money on things that will make life more enjoyable.
For example, maybe you’ve been washing dishes by hand because you don’t have a dishwasher or yours is broken. You could put part of your raise toward a new appliance that’s going to save you a lot of time and energy. Or maybe you’ve been driving the same car for the past 20 years or living in a too-small house with your growing family. If you’ve planned for the increased costs, an upgrade that brings you increased functionality and comfort is a raise well-spent.
Focus on high-priority financial goals
Liz Carroll, a financial life and wellness coach at Mindful Money Coaches, says that paying off consumer debt with an 8% annual percentage rate or higher should be a top priority, especially if you have more income that you can put toward it.
Beyond debt payoff, Carroll suggests people have a financial safety net of at least a month’s worth of expenses, with the goal of working toward three to six months’ worth. This could be done through regular recurring transfers from your paycheck to your savings account.
“Give your future self a share,” Carroll says. “I tell my clients to be mindful and pause before the quick reaction of, ‘I got a raise, now I can spend money.’ Instead, you should think, ‘What’s in alignment with my values?’”
Investing for retirement is another priority to consider, such as contributing to your 401(k) to earn any matching funds offered by your employer or putting your money in a Roth IRA. You could also consider an index fund, which allows you to invest in a wide range of stocks all at once.
“You want money in savings for an emergency, but anything above that that you don’t need in the next few years could be invested in a conservative way, like an index fund,” Nuñez says. “Learn how to invest it in a smart way, and it’ll get you to the next level of financial life.”
Treat yourself and give back
Beyond debt, savings and other future financial planning, Carroll says you should feel comfortable celebrating your accomplishments. Just keep in mind that you may want to put up some guardrails around the way you reward yourself so that you can maximize the financial benefits of a raise. Carroll says something that equals 5% of the total raise is a good amount to aim for if you want to treat yourself but are also paying off debt. If you don’t have debt, she says, 10% of the total raise is a good benchmark.
Another thing you may choose to do with your raise is to give back to your community. Whether you donate money to your favorite charity or surprise a loved one with a random act of kindness, it can make you feel good to share your good fortune.
More income means having more resources to achieve your goals. By creating a plan for important financial milestones — as well as for fun splurges — you’ll get the most out of your money.
This article was written by NerdWallet and was originally published by The Associated Press.
With about half of the city sitting just above sea level, New Orleans is a city that captures the imagination and hearts of visitors from around the world. Known for its melting pot culture, event-filled history and unique blend of influences, it’s a place like no other. From the iconic French Quarter to the lively music scene to the upscale appeal of the Garden District, there’s something special about the Big Easy that keeps people coming back for more.
Take a stroll through Crescent City with us along the Mississippi River, up and down Canal Street, through the heart of the French Quarter and straight through the Central Business District to finally answer the question, what is New Orleans known for and what makes it one of the most desirable cities to call home in the entire United States?
The French Quarter: A must-do experience
No visit to New Orleans would be complete without exploring the French Quarter, or Vieux Carré. As the city’s oldest neighborhood, the French Quarter is a treasure trove of stunning architecture, fascinating history and, of course, a great atmosphere. While Bourbon Street and Royal Street may be the most famous thoroughfares in the French Quarter, there’s so much more to discover.
Take a stroll along Royal Street lined with colorful buildings adorned with intricate wrought iron balconies. Architecture buffs should add a quick trip to Louis Cathedral to their itineraries. Immerse yourself in the unmatched atmosphere of Jackson Square and Bourbon Street, where you’ll find Marie Laveau selling voodoo dolls and more out of her beloved Voodoo store.
All around this upbeat area, artists display their work, street performers entertain passersby and New Orleans culture shines brightly. Jackson Square is also a hot spot for paranormal enthusiasts with ghost sightings and voodoo dolls from Marie Laveau not an uncommon sight. Don’t miss the chance to sample the city’s signature beignets and café au lait at the world-famous Café du Monde in the French Market area.
Frenchmen Street: Where music comes alive
Adjacent to the French Quarter, the Marigny neighborhood is home to Frenchmen Street, a haven for music lovers. Here, you’ll find a string of live music venues showcasing a variety of genres, from New Orleans jazz and blues to reggae and rock. Spotted Cat and d.b.a. are just a couple of the many spots where you can catch talented French Louisiana musicians in action.
As you explore Frenchmen Street, you’ll also discover a stellar food scene. From creole delicacies to shaved ice to cajun cooking and more, there’s food to satisfy the cravings of any and all New Orleans residents, especially in the French Market district. Soak up the energetic atmosphere as you dine and enjoy the music that fills the air, and remember, you’re just a short hop away from all the attractions, live music and delicious food in the French Quarter.
The National WWII Museum: A journey through history
Immerse yourself in history at the National WWII Museum, a world-class complex that pays tribute to the heroes and stories of World War II. With award-winning exhibits, including actual planes, jeeps and Higgins Boats, the museum provides a comprehensive look at the war and its impact on the countries involved. Experience the era through interactive displays, theater presentations and personal accounts of those who lived through it.
Magazine Street: A shopper’s paradise
If shopping is your passion, make sure to explore Magazine Street. This six-mile stretch is brimming with local boutiques, art galleries and antique shops. From fashion and home decor to jewelry and antiques, you’ll find treasures at every turn. Take a break from shopping and indulge in a meal at one of the many restaurants that offer sidewalk dining or enjoy a quick walking tour through Audubon Park.
City Park: Nature’s oasis
Escape the hustle and bustle of Crescent City and immerse yourself in the natural beauty of City Park. Spanning over 1,300 acres, this lush green space is dotted with moss-drenched centuries-old oak trees, peaceful walking paths and native wildlife.
Rent a swan boat and glide across the Big Lake, take a walking tour of the Botanical Garden or unleash your inner child at Storyland and the Carousel Gardens Amusement Park. For a unique experience, hike the Couturie Forest, a nature trail that leads you to Laborde Mountain, the highest point in New Orleans at 27 feet above sea level.
New Orleans Museum of Art: A haven for art enthusiasts
Located within City Park, the New Orleans Museum of Art (NOMA) is the place to be for artsy types. With over 40,000 pieces in its collection, the museum showcases a wide range of artwork, from Italian Renaissance masterpieces to modern works.
Marvel at the works of Monet, Degas, Rodin and O’Keefe, as well as glass, ceramics and an extensive photography collection. Take a stroll through the adjacent Sydney and Walda Bestoff Sculpture Garden, where the obsessively landscaped grounds showcase an array of sculptures.
Café du Monde: A taste of New Orleans
No visit to New Orleans would be complete without indulging in the city’s food. And when it comes to iconic food experiences, Café du Monde takes the cake.
Since 1862, this French Quarter fixture has been serving up the best café au lait and hot, fresh beignets. Witness the magic happening in the kitchen through the window as these delicious treats are prepared. If you don’t leave with powdered sugar all over your shirt, you didn’t do it right.
Lafitte Greenway: A luscious green getaway
For a leisurely walking tour or bike ride, head to the Lafitte Greenway. This 2.6-mile linear park stretches from City Park to the edge of the French Quarter and is a green oasis in the heart of the city.
The paved path takes you on a scenic tour past playgrounds, native landscaping, art installations and athletic fields. Along the way, you’ll find breweries, coffee shops and restaurants, making it the perfect spot to take a break and enjoy the energy of New Orleans in the summer.
Museum of the Southern Jewish Experience: A unique perspective
Explore a different side of Southern history at the Museum of the Southern Jewish Experience. This recently opened museum tells the story of Jewish Americans in thirteen Southern states from colonial times to the present.
Discover how Jewish communities integrated into the culture of their new surroundings and shared their own traditions with predominantly Christian communities. Through exhibits and interactive displays, gain a deeper understanding of this often overlooked aspect of Southern heritage.
Algiers Ferry: A scenic ride
For a unique perspective of the city, hop aboard the Algiers Ferry at the foot of Canal Street. This short ferry ride offers breathtaking views of the Mississippi River and the New Orleans skyline. Once you reach the other side, explore the charming neighborhood of Algiers Point.
With its picturesque homes, oak-lined streets and cozy cafes and bars, it’s the perfect place to wander and soak in the sights and sounds of a different New Orleans than you’re used to seeing in TV and movies.
Streetcars: A journey through history
No visit to New Orleans is complete without a ride on the city’s historic streetcars. While the famous Desire line from Tennessee Williams’ play may be a thing of the past, the current streetcar lines offer a charming way to explore the city and a convenient alternative to a walking tour.
Hop on the red streetcars that run to Mid-City or the original green cars that traverse St. Charles Avenue, passing through the beautiful Garden District and Audubon Park. Take in the stunning architecture and enjoy the slowed-down pace as you soak up the sights and sounds of the city.
Mardi Gras: Behind the scenes of carnival
Discover the magic behind Mardi Gras at Mardi Gras World. Located near the Convention Center, this unique attraction offers a behind-the-scenes look at the creation of the spectacular floats that roll in the Carnival parades and other Mardi Gras events around the city.
Take a tour of the workshop and see the talented artists and craftsmen in action. Marvel at the intricate designs and loud colors that bring the parades to life. Whether it’s Mardi Gras season or not, you can immerse yourself in the spirit of this iconic New Orleans celebration.
Garden District: A stroll through elegance
Upriver from the French Quarter lies the Garden District, a neighborhood renowned for its grand mansions and historic cemeteries. Needless to say, it’s a much calmer vibe than what you’ll find on Bourbon Street and is ideal for a walking tour with the family. Take a guided tour to learn about the fascinating history of the district and admire the stunning 19th-century architecture.
As you wander the streets, you’ll discover charming shops, cafes and restaurants. Don’t miss the chance to dine at Commander’s Palace, a New Orleans institution known for its exceptional cuisine and elegant atmosphere, or check out one of the many community events hosted throughout the year, especially in spring and summer.
Find a new place in New Orleans
Whether you’re a potential renter or buyer, New Orleans is a city that captivates the imagination and leaves a lasting impression on all who set foot on its storied streets. From the city’s killer live music scene and mouthwatering food to the rich history and entirely unique culture, there is so much to discover and experience in NOLA.
Whether you’re exploring the French Quarter and its beloved Bourbon Street, marveling at the beauty of Louis Cathedral, wondering at the wrought iron balconies, indulging in the French culture at Café du Monde, sitting pretty in the Garden District or immersing yourself in the history of World War II at the National WWII Museum, New Orleans offers a unique and unforgettable experience. So, dive into the spirit of the Big Easy and uncover what makes Crescent City truly special today.
Ready to settle down in the Big Easy? Good news, you’re just a few clicks away.
Settling into your dream home should be a time of joy, not stress over unexpected appliance or system failures. Whether it’s an air conditioner failing in the heat of summer or a dishwasher flooding your kitchen, these are real challenges homeowners often face.
A home warranty acts as a safeguard against the financial and emotional strain of such breakdowns, covering the repair or replacement costs of major systems and appliances due to wear and tear. More than just a policy, a home warranty serves as a protective friend for your home, preventing unexpected issues from draining your savings.
This guide explores the essentials of home warranties, including coverage details and the benefits of securing one. Whether you’re moving into your first home or aiming to protect your existing one, understanding the importance of a home warranty is key to ensuring peace of mind and financial stability.
How do home warranties work?
Home warranty plans provide a form of protection for homeowners by covering the costs associated with repairing or replacing major appliances and systems within your home, such as heating, cooling, electrical, and plumbing systems, as well as refrigerators, ovens, and washers. These plans are especially beneficial for mitigating unexpected expenses that arise from normal wear and tear.
When you purchase a home warranty, you have the flexibility to tailor your plan to fit your specific needs. This means you can choose to cover just your major appliances, systems, or a combination of both, depending on what you deem most critical to your home’s functionality and comfort.
The cost of your home warranty, known as the premium, will vary based on the scope of coverage you select. Plans that offer more comprehensive coverage for multiple systems and appliances will generally have higher premiums than more basic plans.
In addition to the annual or monthly premium, home warranty plans typically require a service fee or deductible to be paid each time a repair person is dispatched to your home to address a covered issue. This fee is predetermined in your home warranty contract and remains constant, regardless of the actual cost of the repair or replacement, providing a predictable expense for homeowners.
Home Warranty Coverage: What’s Included and What’s Not
When it comes to home warranties, knowing what is covered and what isn’t can save you a lot of time and prevent frustration when you need to use your policy. Home warranties are designed to offer homeowners peace of mind by covering the costs associated with repairing or replacing major systems and appliances due to wear and tear. However, coverage can vary significantly from one plan to another, making it crucial to understand the specifics of your policy.
What does a home warranty cover?
Most home warranty plans offer coverage for a core set of systems and appliances that are essential for daily living. This usually includes:
Heating and cooling systems: Central air conditioning and heating systems, including furnaces, are often covered because they’re crucial for maintaining a comfortable home environment.
Kitchen appliances: Built-in microwaves, dishwashers, refrigerators, ranges, and ovens are usually covered. These appliances are considered essential for food storage and preparation.
Electrical and plumbing systems: Comprehensive coverage typically extends to the guts of your home – the electrical wiring and plumbing systems that make modern living possible.
Water heaters: Given their importance in providing hot water for bathing, cleaning, and cooking, water heaters are commonly included in home warranty plans.
What’s Often Excluded
While home warranties cover many systems and appliances, certain items and scenarios are typically not covered:
Pre-existing conditions: Issues that were present before the start of the warranty period are usually not covered.
Improper installation or maintenance: Appliances or systems that haven’t been installed correctly, or that have been neglected, might not be eligible for coverage.
Cosmetic damage: Aesthetic issues that don’t affect the functionality of an appliance or system are generally excluded.
Structural components: Items like your home’s foundation, walls, and roof are not covered by a standard home warranty and are typically addressed by homeowners insurance policies.
Unusual Coverage Options
Some home warranty providers offer unique coverage options that can be added to your plan for an additional fee. These might include:
Pool and spa equipment: Coverage for pool pumps and heaters can be added, perfect for homeowners who enjoy their backyard oasis.
Second refrigerator or wine cooler: For those with multiple refrigerators or specialized cooling appliances, additional coverage is available.
Septic systems and well pumps: Homes with these features can often add specific coverage to address repairs or replacements.
Making Sense of Your Coverage
To truly understand what your home warranty covers, take the time to read your policy’s fine print. Look for a clear breakdown of covered items, and pay attention to any limits on coverage amounts or the number of claims you can file within a certain period. If your policy includes a comparison chart or sidebar summarizing coverage, use it to quickly reference what’s included and what’s not.
Remember, the goal of a home warranty is to protect you from unexpected repair costs for essential home systems and appliances. By thoroughly understanding your coverage, you can make informed decisions about your home maintenance and prepare for any issues that might arise.
Evaluating the Cost of Home Warranties
When considering a home warranty, it’s essential to weigh the cost against the potential savings and peace of mind it offers. A home warranty isn’t just another expense; it’s a strategic investment in protecting your home and budget from unexpected repair or replacement costs. Let’s break down the cost of home warranties and compare it to the potential out-of-pocket expenses without one.
The Annual Cost of Home Warranties
The price of a home warranty can vary widely depending on several factors, including the coverage scope, your home’s size, and its location. On average, homeowners can expect to pay between $300 and $600 per year for a home warranty plan. This fee can be paid upfront annually or in monthly installments, making it a flexible addition to your financial planning.
Potential Savings with a Home Warranty
To truly appreciate the value of a home warranty, consider the cost of repairing or replacing major systems and appliances without one. Here are a few examples:
Air conditioning system repair/replacement: Without a warranty, fixing or replacing an AC unit can cost anywhere from $150 for minor repairs to over $5,000 for a full replacement.
Refrigerator repair/replacement: Repairing a fridge can cost between $200 to $400, while buying a new one can set you back $1,000 or more.
Plumbing issues: Addressing plumbing problems can easily cost hundreds to thousands of dollars, depending on the severity.
In contrast, with a home warranty, you would typically only be responsible for a service call fee ranging from $75 to $125 each time you report an issue, regardless of the actual cost of the repair or replacement.
Variability in Cost
The cost of a home warranty is influenced by several factors:
Home size: Larger homes may have higher warranty costs due to the greater number and size of systems and appliances.
Location: Pricing can vary by state or region, reflecting the local cost of living and the availability of service technicians.
Age of home: Older homes might incur higher home warranty costs due to the increased likelihood of systems and appliances failing.
Making an Informed Decision
When evaluating whether a home warranty is worth the investment for you, consider your financial ability to handle unexpected repairs or replacements. If a single significant repair could strain your budget, a home warranty could offer valuable protection and peace of mind.
Additionally, think about the age and condition of your home’s systems and appliances. Newer homes with newer appliances might not benefit immediately from a home warranty, but as systems begin to age, the potential for savings increases.
Ultimately, a home warranty can be a wise investment, offering significant savings and convenience compared to the potential high costs of repairs and replacements. By carefully considering your home’s specific needs and circumstances, you can decide if a home warranty is the right financial safety net for you.
How to Choose the Right Home Warranty Company
Selecting the ideal home warranty company requires careful consideration of several key factors to ensure you get the best protection for your home. Here’s what to evaluate to make an informed choice:
Assess the Claims Process
The efficiency and ease of the claims process are crucial. Inquire about how to initiate a claim with the home warranty company and the average time it takes to get a response. A reliable provider should offer 24/7 support to assist you whenever issues arise. Ensure the company has a reputation for a straightforward claims process, minimizing stress and inconvenience during urgent situations.
Examine Coverage and Exclusions
Understanding what is covered by the home warranty plan is vital. Check if the home warranty provider covers all essential home systems and appliances, or if you’ll need additional coverage for comprehensive protection. Be wary of exclusions that could affect key components of your home, and ask about options for supplemental coverage if necessary.
Compare Costs and Fees
Evaluate the affordability of the home warranty plan by comparing the cost of premiums and service fees with other providers. A competitive monthly or annual premium, along with reasonable service call fees, indicates a good value proposition. However, the lowest price isn’t always the best choice; balance cost-effectiveness with the extent of coverage and service quality.
Research the Provider’s Reputation
The credibility and reliability of the home warranty company are paramount. Look for accreditation by the Better Business Bureau (BBB) and review their ratings and customer feedback.
Checking with your state’s insurance commissioner can provide additional insights into the provider’s standing and history. Avoid companies with a track record of evasive behavior or those known for disappearing when a claim is filed.
Read the Fine Print
Before making your final decision, thoroughly review the contract. Confirm that the plan’s terms, including coverage details and limitations, match what was advertised or quoted. Understanding the fine print can save you from surprises down the line.
How to File a Home Warranty Claim
To ensure your home warranty claim is processed efficiently, follow these steps:
Review your coverage: Check your home warranty contract to confirm the issue is covered, noting any exclusions or limitations.
Initiate the claim: Contact your home warranty provider as soon as possible using their provided channels, such as online portals, email, or phone.
Provide details: Offer clear information about the problem, including model numbers and a description of the issue, to expedite the repair process.
Schedule the service: The company will arrange for a technician to assess and address the issue. Communicate any scheduling preferences you have.
Prepare for the visit: Ensure the area around the appliance or system is accessible for the technician.
Understand the outcome: After evaluation, the technician will repair or, if necessary, recommend replacement based on your warranty’s terms.
Tips for a Smooth Claims Process
Keep all warranty documents and maintenance records for reference.
Follow up with the company if updates on your claim are delayed.
Be aware of the service fee required for each claim to avoid surprises.
Bottom Line
A home warranty, combined with regular upkeep, represents a smart investment for safeguarding your home and budget. It offers peace of mind by covering repair or replacement costs of major home systems and appliances, potentially saving you substantial amounts in the face of unforeseen breakdowns.
While it requires an upfront cost, the long-term savings and convenience can far outweigh initial expenses, making it a worthwhile consideration for homeowners looking to minimize financial surprises.
Frequently Asked Questions
How long does a home warranty last?
When you choose home warranty coverage, it will come with a service contract for a set period of time. In most cases, it lasts for one year. You’ll then be able to renew your plan annually to keep your coverage intact. Cancellation policies will vary depending on which home warranty company you choose to work with.
Is a home warranty the same as home insurance?
No, they serve different purposes. Home insurance covers damage to your property from unforeseen events, while a home warranty covers repairs and replacements of major systems and appliances due to normal wear and tear.
How do I purchase a home warranty?
Research and compare different home warranty providers to find one that suits your needs. Reputable home warranty companies include Choice Home Warranty and Advanced Home Warranty. You can view a comprehensive list of top home warranty companies here.
Once you’ve chosen a provider, apply for coverage and pay the fee once your application is approved. Coverage typically lasts for one year and can be renewed annually.
Do home warranties cover all repair costs?
Home warranties usually require you to pay a service fee for each repair visit, but this fee is often significantly lower than the full cost of repairs. The warranty covers the rest, up to your contract’s limits.
Isn’t it cheaper to just use homeowners insurance?
Not necessarily. Your homeowners insurance policy covers damages from events like natural disasters, theft, and fire, but it doesn’t cover the cost of repairing or replacing appliances and systems due to wear and tear. That’s where a home warranty comes in, covering those gaps.
Is a home warranty part of closing costs?
A home warranty can be included in your closing costs if you choose to purchase one when buying a home. Sometimes, the seller or your real estate agent can negotiate a one-year home warranty into the deal.
Can I buy a home warranty after closing?
Yes, you can purchase a home warranty at any time, not just when buying a home. However, pre-existing conditions may not be covered, so it’s advantageous to get a warranty as soon as possible.
Are home warranties transferable?
Yes, most home warranty plans can be transferred to new homeowners if you sell your home, making your property more attractive to potential buyers.
What should I do if my claim is denied?
If your home warranty claim is denied, review the reason for denial and check your contract for coverage details. You can often appeal the decision by providing additional information or clarification about the issue.
How often can I use my home warranty?
There’s generally no limit to how many times you can use your home warranty within the contract period, but there may be limits on the amount covered for certain items or systems. Check your contract for details.
Can I choose my own repair technician?
Most home warranty companies require you to use their network of approved service providers. However, some plans may allow you to choose your own technician, subject to approval and reimbursement policies.
What happens if a covered item can’t be repaired?
If a covered item cannot be repaired, your home warranty plan typically covers its replacement. The specifics, such as whether you’ll receive a new model or the depreciated value in cash, depend on your contract’s terms.
Are home warranties tax-deductible?
No, home warranties are generally not tax-deductible for your primary residence. However, if you use part of your home for business, like a home office, or if you rent out a portion, you may be able to deduct a fraction of the home warranty cost. This fraction corresponds to the percentage of your home used for business purposes.
Looking for the Best Home Warranty Company?
Check out our reviews of the top home warranty companies.
Looking for the best fun jobs that pay well? Many people dream of having a job they love that also pays well. I completely get it – you don’t want to hate working a job that you’ll be at 40 hours a week! I’m very grateful to have a job that I love. I don’t…
Looking for the best fun jobs that pay well?
Many people dream of having a job they love that also pays well. I completely get it – you don’t want to hate working a job that you’ll be at 40 hours a week!
I’m very grateful to have a job that I love. I don’t dread any day of the week, and I genuinely love what I do. Due to that, I hope everyone gets to feel the same about their job as well.
Thankfully, it’s easy to find a job that lets you do what you enjoy and still pays you a good paycheck. Whether you love working online or driving fast cars, there are many job options that let you have fun while also making good money.
Whether you want to make extra income or find a full-time job, there are many fun jobs that pay well that may interest you.
Fun Jobs That Pay Well
When you’re looking for a job, it’s great to find one that you find fun and that also pays well. Here are some top choices to start with:
Bloggers work from anywhere and write about topics such as family, recipes, personal finance, travel, and more. This is what I do, and I think it’s a ton of fun. Plus, it pays very well!
Art therapists use creativity to help others. They draw or paint as a way to support people’s emotional health. This job requires a master’s degree, but it combines art with helping people, which can be very rewarding.
A Ferrari driving instructor teaches others how to drive a luxury sports car. It’s not just exciting; it can also pay between $90,000 and $120,000 a year.
If you like spotting mistakes in content, then finding a proofreading job may be perfect for you. Proofreaders act like an extra set of eyes to read articles, papers, books, ads, and other written content.
Below are over 40 other fun jobs that pay well that I recommend learning more about.
1. Blogger
If you want to find a fun job that pays well, my favorite way is to start a blog. That’s exactly what I do for a living!
A blog is content written on a website. It usually includes articles like what you’re reading here.
You can blog about something you’re passionate about or something you know a lot about. Or even a topic you want to learn more about (people love following others’ firsthand journeys!).
I began Making Sense of Cents in 2011, and since then, my blog has earned me over $5,000,000 over the years.
I started my blog on a whim to share my own money journey. At first, I didn’t even know people could earn money from blogs or how to make a successful one. And now, it’s my full-time job!
There are many ways to make money blogging such as:
Advertising revenue (banner ads that you see in blog posts)
Sponsored blog posts (when a blogger partners with a company to promote a specific item or company)
Affiliate marketing (when a blogger receives income for referring readers to a product)
Selling digital products or services (such as courses, clothing, books, and more)
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
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In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
2. Printables designer
Making and selling printables can be a fun way to earn money. When you create printables on Etsy, you only need to make one digital file for each product. After that, you can sell it many times to make more money.
Printables are things you can find online and print at home.
These can be things like a planner, coloring pages, wall art prints, greeting cards, gift tags, and so much more.
I buy printables frequently, and so do others all the time. Recently, I bought a printable for my daughter and it was a useful tool to help teach her the alphabet. I love that I can easily search what I’m looking for and get exactly what I want – plus I can print it right at home quickly!
Recommended reading: How I Make Money Selling Printables On Etsy
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
3. Voice actor
A voice-over actor is someone you hear but don’t usually see in things like videos on YouTube, documentaries, radio ads, TV ads, corporate talks, online courses, audiobooks, video games, movies, and cartoons.
Voice actors don’t necessarily need experience for this job (although it can be helpful later on). What’s important is having a voice that matches what the company is searching for.
Recommended reading: How To Become A Voice Over Actor
4. Photographer
As a photographer, you get a special chance to capture moments and tell stories with your camera. Photography has many different areas where you can focus, and they can be both satisfying and financially rewarding.
Here are some examples:
Photojournalist – You document events for media outlets, such as National Geographic.
Wedding Photographer – Your role would be capturing wedding moments in couples’ lives.
Stock photo photographer – Photographers can sell their pictures on stock image sites, which are really popular. These sites let customers purchase pictures for things like websites, TV shows, books, and social media.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
5. Buy and sell flipper
Being a buy-and-sell flipper means you’re into flipping items for profit.
This includes getting undervalued things from flea markets, garage sales, or online places and then selling them for more money.
This could be things like clothing, electronics, furniture, cars, and so much more. Basically, anything and everything!
Your success depends on how good you are at finding good deals, knowing the values in the market, and selling things again for a profit.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
6. Proofreader
As a proofreader, your careful attention to detail can become a rewarding career. Proofreading means going through texts to fix grammar, spelling, and punctuation mistakes before they get published. This job is important to make sure written content is clear and doesn’t have errors.
Many people, like authors, website owners, and students often hire proofreaders to make their work better. There’s a big need for proofreaders, and you can find jobs on various platforms.
Even the best writers can make mistakes in grammar, punctuation, and spelling. That’s why getting a proofreader can be really helpful for almost everyone.
In fact, although I have written over 2,000 articles, I have a proofreader who will have proofread this very blog post.
Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year)
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
7. Freelance writer
Freelance writers create content for clients, like blog posts and advertising. Freelance writing usually involves working independently. Clients give you a topic, you write about it, and then you might receive feedback, like suggestions to improve or add paragraphs.
You can write about any topic that you want to – such as travel, money, home, and so on.
How much you make as a freelance writer depends on your experience and the topics you write about. When you start, you might earn around $50 to $75 for a 500-word article. As you get better, you can charge more. For a 1,000-word article, you could make between $100 and $150. If you do well over time, you can ask for even higher rates.
I was a freelance writer for many years before transitioning to full-time writing here on Making Sense of Cents. It’s a great career where you can mostly work from home on your own.
Recommended reading: 14 Places To Find Freelance Writing Jobs
8. Graphic designer
A graphic designer is someone who makes designs for people and businesses. As a digital designer, you might create images, social media graphics, printables, T-shirt designs, business cards, stickers, logos, and more.
As a graphic designer, your main job is to communicate through visuals. You use a mix of typography, images, color, and layout to convey messages and brand identities. This field gives you the freedom to express your creativity in different ways, whether it’s through digital designs or print materials.
Recommended reading: How To Make Money As A Digital Designer
9. Social media manager
Being a social media manager is an exciting career choice and your main job is to take care of how a company or person appears online on different platforms. Your tasks include interacting with followers, selecting content, and planning social media posts.
Here are the key areas you typically need to focus on:
Content creation – Create fresh, original posts tailored to each platform.
Engagement – Interact with the audience by responding to comments and direct messages.
Strategy planning – Use data analytics to drive social media strategies, aiming for increased engagement and reach.
The salary can vary, and you can choose to do this job either part-time or full-time.
10. Social media influencer
Related to the above, you can make money with your own social media accounts as well.
Have you ever followed someone on Instagram or TikTok and thought to yourself that it would be fun if you could do something similar?
Social media influencers use different online platforms to create, share, and connect with content that their audience likes. Your success depends on growing a big group of followers and establishing yourself as a trusted voice in your specific area.
As an influencer, you’ll create your brand by sharing your interests, pictures, and opinions on social media platforms such as Instagram, TikTok, Facebook, and others.
You can earn money through sponsored posts (when brands pay you to promote their products or services in your Instagram posts), affiliate marketing (earning commissions from sales through your referral links), and by creating digital products like ebooks or online courses.
I’ve been a social media influencer for years, monetizing my Instagram and Facebook accounts. It’s a great experience as I get to collaborate with companies I love and promote products I already use.
11. Veterinarian
If you have a passion for animals, then becoming a veterinarian may be a great fit for you.
Veterinarians have a skilled and fulfilling role dedicated to animal health and welfare. The main responsibility is to provide medical care to animals, diagnose health problems, and perform surgeries.
Vets work in private clinics, animal hospitals, research facilities, zoos, and more.
The veterinarian career path is rewarding as it lets you blend a love for animals with the chance to make a positive impact on their lives.
To become a veterinarian, you must complete a Doctor of Veterinary Medicine (DVM) program and obtain a state license to practice. This usually involves:
A bachelor’s degree
A four-year veterinary program
The national average salary for veterinarians is around $100,000 per year.
12. Marine biologist
One job that I dreamed of as a kid was to become a marine biologist. It always sounded like so much fun to work with water and sea animals.
Marine biologists study marine organisms and how they behave and interact with the environment. Your work might take you from coastal wetlands to the deepest parts of the ocean.
Here are some of the things they do:
Conduct research on marine wildlife and ecosystems
Monitor the health of marine habitats
Develop conservation plans
Educate the public and policymakers
Marine biologists are important for understanding marine life and contributing to ocean conservation efforts.
13. Mystery shopper
Retailers, restaurants, and financial institutions need mystery shoppers for detailed feedback to improve their customer service and products.
This might not be a full-time job, but it can provide you with some extra money each month.
I remember when I first learned about mystery shoppers. I was working at a clothing store, and we would have mystery shoppers come in to see how we were doing. We never knew who the mystery shopper was, but we would get to read their report afterward and see what they thought of us.
After learning about mystery shopping, I found a website where I could become one as well. It sounded like fun to get paid to shop.
I would make about $150 to $200 per month through mystery shopping, and I also got free items and services, like $100 to spend at restaurants (where I had to provide feedback while I was there), makeup, and more.
Recommended reading: How To Become A Mystery Shopper
14. Architect
Architects have a special mix of creativity and technical skills, allowing them to design buildings that are not just attractive but also functional and safe.
Their role includes making detailed plans, and considering factors like sustainability, budget, and client needs.
To become an architect, you typically need a bachelor’s or master’s degree in architecture and you’ll need state licensure, which is obtained by passing the Architect Registration Examination (ARE).
15. Stunt person
A stunt person is a cool job where you use your physical skills to create exciting action scenes for movies, TV, and live shows. It’s a big part of making the action look real and thrilling.
To do this job, you might need lots of training in things like martial arts, gymnastics, or extreme sports. You also have to be good at handling pressure and follow safety rules closely.
16. Professional video gamer
Yes, if you like video games, you may actually be able to make money as a professional video gamer.
While the amount of money you can make will definitely vary, top gamers have the potential to earn from tournament prizes, sponsorships, and streaming content for fans:
Tournaments: Prize pools can be large, reaching into the millions for top-ranking competitions.
Streaming: Platforms like Twitch and YouTube pay through ads, subscriptions, and donations.
Sponsorships: Companies may endorse you and pay you with sponsorships or free items.
You could maybe even find a job working for a video game designer, testing out video games so that companies can improve their video game design.
Recommended reading: How Much Do Twitch Streamers Make?
17. Chocolatier
Many people at some point in their lives want to become the person who makes chocolate and candy – sounds amazing after all, right?
A chocolatier is someone who uses cooking and art skills to make chocolates. It’s a job that needs creativity, precision, and a good sense of taste.
You might work for yourself, making chocolates, or you may even work for a large chocolate company. I know people who do both!
18. Personal trainer
If you want to find a job that you’ll love, becoming a personal trainer may be it.
Personal trainers play an active role by combining fitness with motivational skills to help people reach their health and fitness goals. This job includes:
Assessing clients’ fitness levels and health conditions
Developing personalized workout and nutrition plans
Demonstrating exercises and routines to clients
Tracking clients’ progress and adjusting plans as needed
How much you earn as a personal trainer can change a lot based on where you work, your qualifications, and the clients you get. Personal trainers usually make an average of $40,000 to $70,000 per year.
19. Supercar driving instructor
Supercar driving instructors have an exciting job where they help people learn how to drive fast cars on racetracks.
The role includes teaching safety and giving an exciting experience as well as explaining how to handle the vehicles, follow track rules, and use advanced driving techniques.
You can usually earn a high income doing this, plus you get to drive some of the world’s most exotic supercars.
20. Toy designer
Being a toy designer is probably most children’s dream career. After all, who hasn’t loved toys at one point in their life?
The toy industry is always looking for creative designers to make new toys that will grab kids’ attention and imagination.
Toy designers have a cool job where they mix creativity with making things work well. The main aim is to create toys that are fun and help kids learn and grow. This special job combines artistic skills with knowing about how children think and learn.
21. Restaurant critic
Restaurant critics evaluate dining establishments and share their experiences through written reviews. Their main responsibility is to provide an unbiased review of the food quality, service, ambiance, and overall dining experience.
To gain experience and get started, begin by developing your taste buds and learning about different cuisines. This can involve:
Going to cooking workshops
Exploring different food places when you travel
Creating your own blog or starting an Instagram dedicated to food
22. Brewmaster
If you love craft beers and enjoy understanding how fermentation works, becoming a brewmaster could be a fun and rewarding career.
Brewmasters manage the brewing process, such as creating recipes, choosing ingredients, and making sure the quality is top-notch during production.
To start, you might need formal education, such as a degree in brewing science or a related field. However, some brewmasters climb the ladder from roles like brewing assistants, gaining experience through on-the-job learning.
23. Fashion designer
Fashion designers make clothing, accessories, and shoes, and they draw designs, pick fabrics and patterns, and guide how the products designed should be made.
Fashion designing can be a fulfilling career if you love fashion and enjoy creating. It gives you a chance to express yourself personally and can even lead to getting noticed in the industry.
24. Food stylist
Food stylists combine culinary art with aesthetics, making sure that dishes not only taste good but also look delicious and perfect for photographs.
Their duties include choosing ingredients thoughtfully, preparing the food, and presenting it in a way that’s visually attractive. This is important for different media like advertising, packaging, cookbooks, and film.
25. Event planner
Event planners organize events, from big corporate conferences to small weddings. Their main job is to make sure every part of the event matches the client’s vision, fits the budget, and meets the goals.
According to Glassdoor, the average pay for an event planner is around $50,000 per year. Your salary can change based on things like your experience, where you work, and the size and type of events you handle.
26. Animator
If you’re looking for fun jobs that pay well, then becoming an animator may be it!
Animators make visual creations, and their main focus is on designing characters, environments, and entire worlds in 2D or 3D formats.
Here’s what you may work on:
Character design: Create and develop characters for various media.
Story development: Collaborate on storyboards to plan out visual narratives.
Animation: Work with digital tools to animate drawings and models.
The animation industry values creativity and technical skills and also pays competitive salaries with the opportunity to contribute to exciting storytelling processes. Whether you’re involved in creating animated TV shows, movies, or video games, being an animator can be both enjoyable and financially rewarding.
27. Real estate agent
Real estate agents are professionals who help people buy and sell properties, such as houses and commercial buildings.
I know a few real estate agents, and they all seem to love their jobs. They get to see beautiful new homes and properties and help their clients find their dream property.
Plus, they usually set their own schedule, which can help you create a better work-life balance.
28. Private investigator
Private investigators conduct investigations on various matters, including legal, financial, and personal issues.
This may include doing things like surveilling someone to get information, interviewing people to get details, researching public and legal documents, as well as gathering evidence for cases.
Here are some steps to becoming a private investigator:
Have a high school diploma or equivalent. Perhaps even get a degree or certification in criminal justice or a related field.
Gain experience in a related field such as law enforcement or the military.
Acquire a private investigator license, as required by your state.
29. Romance novelist
Starting a career as a romance novelist can bring both fulfillment and income. If you love storytelling and especially romance, this can be a fun one to think about.
Recommended reading: How to Make Money Self-Publishing Short Romance Novels
30. Interior designer
Interior designers mix creativity with practicality to decorate the insides of properties. Their job is to design and put in place the aesthetic and functional aspects of residential or commercial spaces.
Your job would be to create an environment that looks good and is comfortable for your clients.
31. Airline pilot
Airline pilots have a career that is both exciting and has the potential to make a lot of money. Their main job is to pilot commercial aircraft, flying from one place to another, and making sure everyone on board, including passengers and crew, stays safe.
Some of their daily duties include:
Conduct pre-flight inspections
Navigate the aircraft
Communicate with air traffic control
Monitor weather conditions and aircraft systems
Lead the crew and manage any in-flight issues
32. Drone pilot
Drones have gained popularity lately, not just for recreational use but also for jobs requiring aerial photos and videos. This creates a growing opportunity for individuals to start small businesses and make money with their drones.
Your job as a drone pilot may be to:
Take high-quality images and videos from unique perspectives, such as for real estate, construction, or events.
Perform inspections, surveys, and mapping for various industries like mining or agriculture.
Analyze data and images to give insights to clients.
Recommended reading: How To Make Money With A Drone
33. Sommelier
Sommeliers have a lot of knowledge of wine and can share it in a fun way.
This job is usually found in upscale restaurants, and this role involves suggesting wines that go well with customers’ meals, conducting wine tastings, managing wine service, and taking care of the wine cellar.
34. Chef
Chefs, of course, play an extremely important role in a restaurant kitchen, crafting menus and overlooking meal execution. Their primary responsibilities include tasks like:
Menu Design: They create food menus for a restaurant.
Food Preparation: They oversee and sometimes partake in the detailed preparation of ingredients.
Cooking: They cook the restaurant meals and oversee other cooks in the kitchen.
35. Cruise director
Cruise directors make sure passengers have an unforgettable experience aboard a cruise ship. This job requires a fun personality and excellent skills in managing both entertainment programs and a team of staff members.
Their responsibilities include planning and supervising all onboard entertainment, such as shows, events, and activities.
We went on an around the world cruise recently and had an amazing cruise director. It looked like such a fun job, and they got to travel everywhere that we did (of course!).
Recommended reading: How To Get Paid To Travel The World (18 Realistic Ideas!)
36. Astronomer
Astronomy is a field that combines the excitement of exploring the cosmos with the satisfaction of solving complex problems. As an astronomer, you enter a world dedicated to understanding celestial phenomena and the principles of the universe.
Usually, a Ph.D. in astronomy or a closely related field is needed to conduct independent research or work at a university. However, with a bachelor’s or master’s degree, you might find opportunities at planetariums, observatories, or assisting with research.
37. Netflix tagger
If you’re seeking a fun yet rewarding job, becoming a Netflix tagger could be an interesting option. In this job, you watch Netflix content and assign specific labels to shows and movies, influencing the platform’s recommendation algorithm.
To get started, you will need to apply through the Netflix jobs portal, where available positions are listed. Experience in film and media studies, while not mandatory, can give you an advantage.
Recommended reading: 7 Best Ways To Get Paid To Watch Netflix
37. Geologist
Geologists explore and study the earth’s composition, processes, and history.
Their job can lead to finding valuable resources like minerals, oil, and gas, and they also have an important part in environmental conservation and predicting natural disasters.
38. Dog walker
If you love pets, then this is the fun paying job for you!
Dog walkers do exactly that – walk dogs while their owners are busy, such as at work or on vacation. If you like dogs, then this can be a fun way to spend time with animals and get paid for it.
To become a sought-after dog walker, you should be reliable, good with animals, and you should have excellent customer service skills to build connections with clients. Dog walking allows you to enjoy the fresh air, bond with different dogs, and make money doing something you love.
Recommended reading: 7 Best Dog Walking Apps To Make Extra Money
39. Ethical hacker
Ethical hackers think and operate like malicious hackers but with a specific goal: identifying and fixing security vulnerabilities before they can be exploited.
They act as safeguards, testing and securing systems to prevent potential breaches for companies.
This job involves a lot of problem-solving skills, as you are looking for possible security problems.
40. Travel agent
If you like planning trips, then becoming a travel agent may be a great way to have a fun high-paying job.
Travel agents craft and sell travel experiences. They help advise clients on different travel destinations and arrange transportation, hotels, tours, and more. It’s a job that not only pays well but allows you to help others travel.
You may help people plan their honeymoon, a trip to Disney World, an around-the-world cruise, and so much more. There are travel planners for every kind of trip that you can think of.
Your knowledge and skill in handling the challenges of travel planning make you a very important help to travelers who want their experiences to be stress free.
The average annual salary can vary by a lot, and this can be either a part-time or full-time job. There is a lot of job growth too, as more and more people are going on vacations!
41. Personal shopper
Personal shoppers give a shopping service for clients who either lack the time or the style to select their own stuff. As a personal shopper, your job may range from picking clothing to finding the perfect gift.
You may work at a high-end retail store, or you may be a freelance personal shopper – there are many jobs in this field!
42. Park ranger
Have you ever been to a beautiful place like Yosemite National Park and wondered what it would be like to work there?
Park rangers work in places like beautiful national parks and get to enjoy the scenery every single day. Their responsibilities include protecting and managing parks, wildlife, and historical sites and making sure that both the natural resources and the visitors exploring them are safe.
To become a park ranger, you usually need a combination of education in fields related to conservation, environmental science, or wildlife management, and relevant work experience.
Recommended reading: 15 Outdoor Jobs For People Who Love Being Outside
43. Tour guide
Being a tour guide gives you a chance to share your love for travel or history with others, all while making a living. You’ll get to be in different places like historical sites, museums, or outdoor adventures.
This can be a low-stress job with a big fun factor – as you get to explore places that you probably already love and are an expert at.
Recommended reading: How to Make Money as an Airbnb Experience Host
44. Yacht crew
Working on a yacht can be a thrilling job that mixes travel, adventure, and the chance to meet new people, along with the possibility of earning good money.
If you work on a yacht, your job could be as a captain, mechanic, server, cleaner, chef, and more. If you’re on a smaller boat, you might even handle all these tasks.
Jobs on a yacht or big sailing boat are usually hard work, but the perk is that you get to travel with most expenses covered, while also earning a high income.
45. Flight attendant
Being a flight attendant is important for making sure passengers are comfortable and safe. You’re like the friendly face of the airline during flights, taking care of different needs and keeping service standards high.
Plus, you get to enjoy the unique perk of discounted or free travel, which is a big perk of becoming a flight attendant.
Flight attendants can earn a good income, and the benefits are excellent. They usually make between $50,000 to over $100,000 a year. The training to become a flight attendant usually takes around 1 to 2 months.
Recommended reading: How To Become A Flight Attendant And Make $61,640 Each Year
46. Art therapist
Art therapists combine the creative process with psychological healing to provide a unique kind of mental health therapy. They conduct one-on-one or group therapy sessions, and being an art therapist can be very fulfilling as you help people discover their voice and heal through art.
Art therapists work at schools, psychiatric hospitals, veterans associations, and more. Usually, you need a master’s degree to enter this field.
They use art therapy to assist people in expressing their emotions, dealing with complex feelings, and enhancing self-awareness. Their job isn’t just about being artistic; it’s deeply connected to therapeutic practices that help a variety of clients.
Another job similar to this is becoming a music therapist.
Frequently Asked Questions
Below are answers to common questions about how to find fun jobs that pay well.
What is the most high-paying fun job?
The most high-paying fun job can vary based on your skills and interests. Some high-paying fun jobs include being a blogger, pilot, stunt person, and romance book author.
What are random jobs that pay well?
There are many unique jobs, such as a private island caretaker, yacht captain, or a voice-over artist.
Which is the most exciting and highest paying job in this world?
This will depend on who you ask! Maybe it’s being a pilot, a stunt person, an actor, or something else.
What are some fun jobs that pay six figures?
Some fun jobs that pay over $100,000 may include becoming a blogger, selling printables, photographer, architect, and more.
What are some low-stress fun jobs that pay well?
Jobs like a yoga instructor or a massage therapist can be low stress and fun, and they provide a good income, especially when experienced or working in more affluent areas.
What are some fun jobs that pay well without a degree?
You can pursue jobs such as a social media influencer, a real estate agent, or a personal trainer, which can pay well and be rewarding without requiring a traditional four-year degree.
Best Fun Jobs That Pay Well – Summary
I hope you enjoyed this article on the best fun jobs that pay well.
There are many fun careers that pay a part-time or full-time income.
Careers like voice acting, managing social media, and ethical hacking not only pay well but also let you have a good balance between work and life. The key is to know your talents and find the right fit in these exciting jobs.
I have been working a fun job for many years now, and I really really love it. It makes each day enjoyable and I actually look forward to work. I hope that you get to one day say the same as well.
What do you think are the best fun jobs that pay well?
Philadelphia, often fondly called “Philly,” is a city steeped in the rich tapestry of American history and culture. As the largest city in Pennsylvania and one of the most iconic cities in the United States, Philadelphia offers a unique blend of historical significance, cultural vibrancy, diverse culinary experiences and robust economic sectors. Plus, homes in Philadelphia are often surprisingly affordable when compared to similar-sized cities in the Northeast.
But what is Philadelphia known for? This article explores the various facets that make Philadelphia a remarkable and distinctive city.
What is Philadelphia known for?
Philadelphia holds a special place in the halls of American history. It was here, in Independence Hall, that the Declaration of Independence and the United States Constitution were debated and adopted, making the city a pivotal location during the American Revolution. The Liberty Bell, with its famous crack, symbolizes freedom and has been a longstanding symbol of American independence. These historical landmarks draw numerous visitors each year, eager to glimpse the birthplace of modern democracy.
Economic landscape and job market
Economically, Philadelphia is a powerhouse with diverse industries driving its growth. The city is a hub for healthcare and education, with world-renowned institutions like the University of Pennsylvania and Thomas Jefferson University headquartered here. The presence of these institutions not only contributes to the city’s economy but also makes it a center for medical research and innovation.
Additionally, Philadelphia’s strategic location on the Eastern seaboard makes it an important player in logistics, manufacturing and trade. The Port of Philadelphia is a vital component of this, facilitating international trade and commerce. The city’s economy is also bolstered by a robust service sector, including finance, law and information technology.
Culinary scene
No discussion of Philadelphia is complete without mentioning its iconic culinary scene. The Philly cheesesteak, a long roll filled with thinly sliced sautéed beef and melted cheese, is synonymous with the city. Pat’s King of Steaks and Geno’s Steaks are among the most famous spots to try this local delicacy. Beyond cheesesteaks, Philadelphia’s food landscape is diverse, featuring everything from high-end dining experiences to a vibrant street food culture, with influences from Italian, Irish and African American cuisines, among others.
Cultural norms and diversity
Philadelphia is a melting pot of cultures, evident in its neighborhoods, festivals and daily life. Places like Chinatown, Little Italy and the African American Museum in Philadelphia showcase the city’s rich cultural tapestry. The city is known for its “Brotherly Love” and “Sisterly Affection,” a sentiment stemming from its Quaker roots that promotes tolerance and inclusivity.
Arts and entertainment
The city’s arts and entertainment scene is vibrant and diverse. The Philadelphia Museum of Art, home to thousands of works from across the globe, is an iconic institution, not just for its vast collections but also for the famous “Rocky Steps” leading to its entrance. The city’s love for music is evident in its jazz, soul and hip-hop scenes, with venues like the Kimmel Center for the Performing Arts and the Mann Center hosting performances throughout the year.
Philadelphia is also a city of murals – with more than 4,000 murals adorning the city’s buildings, it’s like an open-air art gallery, showcasing the work of local and international artists. These murals often reflect the city’s history, culture and social issues, adding color and conversation to its urban landscape.
Sports fervor
Philadelphia’s sports culture is fervent and loyal. Home to teams like the Eagles (NFL), the Phillies (MLB), the 76ers (NBA) and the Flyers (NHL), the city lives and breathes sports. The passionate fan base is known for its fervor and dedication, making attending a live game an electrifying experience.
Education and research
Philadelphia is a center for education and research, boasting several top universities and colleges. Institutions like the University of Pennsylvania, Drexel University and Temple University are not only significant employers in the city but also contribute to the intellectual and cultural richness of Philadelphia. These institutions attract students and researchers from all over the world, adding to the city’s diverse demographic.
Tourism and attractions
Tourism plays a significant role in Philadelphia’s economy. Attractions such as the Philadelphia Zoo, the oldest zoo in the United States, and the Franklin Institute, a leader in science and technology education, draw families and curious minds alike. The historic district, featuring the Liberty Bell and Independence Hall, is a pilgrimage site for those interested in American history.
Philadelphia’s neighborhoods
Philadelphia’s neighborhoods each have their own character and charm. From the historic cobblestone streets of Old City to the vibrant murals in Fishtown and the bustling markets of Reading Terminal Market, there’s a diverse array of experiences to be had in the city’s various districts. These neighborhoods are not just residential areas but are hubs of cultural, culinary and social activity.
Embracing Philadelphia’s legacy and future
Philadelphia is a city with a rich history, a vibrant culture and a bright future. It’s a place where the past and present converge, creating a unique urban experience. From the echoes of liberty ringing through its historic landmarks to the sizzling grills of its famous cheesesteak joints, from the hallowed halls of its universities to the passionate cheers of its sports stadiums, Philadelphia is a city that thrives on diversity, innovation, and brotherly love.
Whether you’re drawn to its historical significance, culinary delights, cultural richness or economic opportunities, Philadelphia offers a dynamic and welcoming environment for residents and visitors alike. Browse available apartments or homes in Philadelphia to experience brotherly love for yourself in a place of your own.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
It’s not uncommon to hear the words “apartment building” and “apartment community” used interchangeably for this type of dwelling unit. In this article, we’ll look at the difference and explore the features that make up an apartment complex.
What is an apartment building?
An apartment building is a complex full of apartment residences. It’s simply the physical structure built by property developers.
Apartment buildings are more than simply homes, though. They contain many important rooms and features that are essential to running the complex.
What are the features of an apartment building?
When you move to a new apartment, you’ll have to get to know your neighbors and the apartment community you’re joining. Here’s what you can expect to see at a typical apartment complex or building.
Leasing office
The leasing office is where the administrative tasks happen. It’s the office that your property manager works in and where you can find leases, maintenance requests and other important documents. The leasing office is also where a resident can go if they have any issues with rent or are in need of other services surrounding living units.
Stairwell
If your apartment building has more than one floor, the building will have a stairwell to get to the ground level. These stairwells are typically located along the edge of the building, at the end of the hall. Buildings will also have elevators as an accommodation for those who cannot use the stairwells in apartments.
Curbs
The curbs surrounding apartment buildings should be well maintained and not coming apart. These will create space between the sidewalk and the road, so you can walk safely.
When you’re parking, be sure to look at the color of the curb. Concrete curbs painted red or yellow are often no-parking zones.
Street lights
Apartment complexes contain many street lamps that come on at night. This way, you can safely walk from your car to your apartment building.
Parking spaces
Apartment buildings usually have designated parking for residents and guests. If you are assigned a parking spot, it will likely have a number painted on the space so it’s easy for you to find. Apartments in major cities or urban areas usually charge an additional fee for parking.
Every apartment building will also have a few handicapped parking spaces near the complex. Parking in these spots requires a handicapped parking plaque or license plate. These spots are reserved for people who have mobility difficulties.
Patios and balconies
Patios are attached to ground-floor apartment buildings. Usually, they’re a concrete slab on which you can put outdoor furniture and plants.
If you live on an upper level, you might have a balcony which gives you some outdoor space. Even if your patio or balcony is very small, there are ways to decorate it so that you can relax and enjoy some fresh air on a nice evening.
Dumpster
The dumpster is where people who live in the apartment buildings can drop off their bagged garbage.
Dog waste bags
If your apartment allows for pets, they may provide dog waste bags. These bags are for your pet’s waste when you take them outside and put the trash in the dumpster when you’re finished.
Key card
Your key card is an electronic card that will unlock many of the common rooms and entrances of the apartment building. Examples include the security gate and fitness center. These are only issued to residents and staff and are a part of the building design to keep residents safe.
Electronic gate
The electronic gate is located at the entrance of the parking lot. These are in place for your security so only people allowed to come to the apartment can enter.
What is an apartment community?
While an apartment building provides you with a place to live, an apartment community makes it feel like home. A community is alive. It’s the residents, pets, guests and staff that live and work in the complex. They’re the friends you’ll make from down the hall and the property manager who maintains your apartment building and unit. They’re the reason you’re glad you rented there instead of somewhere else.
What are the features of an apartment community?
Apartment amenities, in a residential property that encourage people to interact, will make it easier for you to get to know your neighbors and feel like part of the community. If you’re looking to live in a socially active neighborhood, look for an apartment that has some of the following features and amenities that add value to resident life.
Swimming pool
An apartment building’s swimming pool often becomes a community gathering space. In warmer climates, it can be an especially great place to hang out on a warm day.
Fitness center
Many apartment buildings include a fitness center as an amenity, although some charge a monthly fee to use the equipment. The fitness room is for residents only and requires a key card to get in. They include things like free weights, treadmills, ellipticals and stationary bicycles.
Instead of paying for a monthly gym membership and spending time driving to the gym, you can exercise in your apartment building and perhaps get to know some of your neighbors.
Clubhouse
This is a common room in upscale apartment complexes. It will likely have a TV, a small kitchen, tables, chairs and possibly some game tables like pool or darts. Often, the property manager will allow a tenant to rent this room out for parties or special events.
Community lounge
This may be the same thing as the clubhouse. It’s a common area that’s large enough for a group to meet and relax. Some lounges have Wi-Fi and workspaces.
Pet-friendly spaces
Some apartments have designated lawn spaces for dogs and their owners to play. Apartments that offer pet-friendly housing tend to attract pet owners.
It’s easy to find some common ground with other dog lovers, so if you have a playful dog, look for a pet-friendly apartment. Some apartments will even host pet-friendly events in these designated areas, making it a great social activity for tenants (and their furry friends)!
Find an apartment building and community to suit your personality
All apartment buildings have different amenities and newer apartment listings are adding some cool modern spaces to woo new tenants and enhance resident life.
While modern features are great, to make new friends and become a part of the community, it’s important to spend some time talking to the residents before signing a lease.
Find your next apartment community here!
No matter where you’re looking to live, the perfect place awaits, where you can find a community to live, work and play as one of the perks that come with apartment living. Start with our extensive listing of apartment buildings and communities here.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.
Making a financial plan can be intimidating, especially if you don’t know all of the essential budget categories you should include. Budgeting isn’t a one-size-fits-all process either, as the importance of each category will largely depend on your specific financial situation.
This article will review the top 12 budget categories that can bolster your financial plan. Credit.com also has multiple personal finance resources that can enhance your financial literacy.
Several important budget categories account for housing, transportation, health care, entertainment expenses, and more.
Key Takeaways:
The prioritization of budget categories will be unique to your needs.
Some expenses have fixed prices, while others have variable costs. You’ll need to account for both from one month to the next.
Tools like money apps and budget spreadsheets can help you visualize your spending habits.
Table of Contents:
Why Do I Need a Budget?
A budget can ensure that you aren’t caught off-guard by bills throughout the month—especially near the month’s end or right before you get paid. Keeping a budget can also provide long-term data based on your spending habits and serve as a snapshot of your priorities.
Effective budgets can help you plan for longer-term goals, like retirement, and inform you of what expenditures truly make you happy—and which ones aren’t necessary.
Fixed Expenses vs. Variable Expenses
Fixed expenses refer to items that essentially cost the same each month, with very little fluctuation in terms of pricing. Mortgage and rent payments, auto loan payments, and internet service bills will likely fall into this category.
Variable, or flexible, expenses can drastically differ from one month to the next. The amount you spend on groceries, clothes, entertainment, and even medical appointments can all vary over time.
Top 12 Budget Categories to Add to Your Plan
The following budget categories can help you map out your monthly expenses. Depending on your unique circumstances, these categories may need to be adjusted in terms of their priority.
1. Housing Expenses
Housing often takes top priority as your living space is directly tied to your long-term health and safety. You also need a stable housing situation to perform well at work and ensure that you have the funds to make your mortgage or rent each month.
While there’s no strict maximum for the housing category, you can expect to spend anywhere from 25% to 35% of your income on your mortgage or rent payments. If your housing budget exceeds more than 35% of your monthly income, refinancing your mortgage or looking for another living space might be more expense-friendly in the long run.
Items that fall in housing expenses:
Rent
Mortgage Payment
Appliances
Household Repairs
2. Utilities
The ability to live comfortably in your home is just as crucial for your health as actually having one, which is why utilities are usually another high-priority item. Many residential buildings in some urban areas have ordinances that require certain utilities, like water and electricity, to be considered safe living.
Utilities rarely come close to the top of the list of expenses in terms of cost, and you can reduce their cost with proper management. Depending on their usage, you can expect to spend around 5% to 10% on monthly utilities.
Items that fall in the utilities category:
Electricity
Water
Telephone
Natural gas
Sewer
Trash
Heating
Air conditioning
3. Transportation Costs
Owning or leasing a vehicle, along with repairing it, can be another high-priority expense. Some areas may complement alternative means of transportation, such as public transit or biking—which would result in much less money going toward this category.
The cost of owning a car includes the tags, licenses, and maintenance on top of the monthly car payments. Depending on your method, transportation or travel expenses will likely cost you anywhere from 10% to 15% per month.
Items that fall in transportation costs:
Gasoline
Car payment
Registration fees
Vehicle repairs and maintenance costs
New tires
4. Groceries
Groceries (not food from restaurants) and water encompass our basic needs. Store-bought groceries and water may require a large chunk of your income, though this category offers a lot of flexibility in terms of total spending.
Cooking dinner at home with groceries can help you save money, as many home-cooked meals can last multiple days. You should probably expect to spend between 10% and 15% of your monthly income on food expenses.
Items that fall in the food category:
Grocery budget
School lunch
5. Insurance
This broader category covers numerous subcategories that apply to different people. For example, if you live in a large, urban area with well-run public transportation, you may not have to worry about auto insurance.
Insurance may be classified under different categories depending on who you ask. Some pundits include health care in this category, for example. Depending on what type of insurance you need and your insurance premiums, you can look to spend anywhere between 10% to 25% of your income on this category.
Items that fall in the insurance category:
Life insurance
Auto insurance
Renters insurance
Homeowners insurance
Health insurance
Vision insurance
Disability insurance
Dental insurance
Vision insurance
Pet insurance
6. Health care
This category may have higher or lower priority depending on your specific health needs. Health and dental insurance in America is also quite costly—making them one of the primary reasons Americans go bankrupt.
Health care costs include annual checkups, clinic visits, prescription medications, and general medicines, like pain relievers. Health care is a variable expense because some months can be costly while others don’t have any expenses. Even when you don’t have any expenses, it’s a good idea to put away a little cash for a rainy day.
Items that fall in the health care category:
Anticipated copays
Prescription medications
Orthodontic work (braces)
Prescription eyeglasses
Primary care visits
Dental care visits
7. Savings
Everyone needs some kind of emergency fund to cover those unforeseen expenses. Regularly dedicating a small portion of your monthly income can help you save for major life events down the road.
There’s no hard line about what amount you should save, but a safe bet is between 5% and 10% of your monthly income. Saving this amount can help you handle emergency expenses and create a nest egg for a future big purchase.
Items that fall in the savings category:
Emergency fund
Health savings accounts
Fun money
Three to six months’ worth of expenses
Saving for a specific purchase (vehicle, college savings, vacation, etc.)
8. Retirement
While you could argue that retirement or a 401(k) is a type of savings, we refer to savings as money that can be used for any expense without penalty. Retirement accounts like IRAs help you save money that’s intended for use in the future. If you take money out of your retirement account before the preset time (unless you have a 457(b) account), you will incur a 10% tax penalty.
Much like savings, this is another category without a hard-line amount that you should contribute but should see at least 5% to 15% of your income. Ideally, you can primarily rely on this money once you’ve retired.
Items that fall in retirement:
Employer-sponsored retirement plan
401(k)
403(b)
Roth IRA
457(b)
9. Debt
This category applies to a significant portion of the U.S. population—especially those who have a student loan, credit card debt, or personal loans. Debt is a consideration that often has a lower priority level because we can pay it off over time. That said, it’s important to make sure you don’t fall behind on your payments as the penalties and fees can compound if left unchecked.
Because everyone’s situation is different, there’s no given amount of your monthly income you should dedicate to debt payments. We do, however, recommend that you pay more than the monthly minimum.
Items that fall in the debt category:
High-interest credit cards
Vehicle loan
Student loans
Personal loans
Medical bills
10. Personal Care and Hygiene Items
This category encompasses both wants and needs. Toilet paper and toothpaste should be considered “needs,” while designer clothes or expensive watches are examples of “wants.”
Because most personal expenses are lower priority, there’s no expected amount you should budget for this category, but it should remain relatively low on your list of priorities. Ensure that everything else above on this list is covered first, then look to see what you can spare on these purchases.
Items that fall in the personal care and hygiene category:
Shampoo
Deodorant
Toothbrush/toothpaste
Gym memberships
Shoes
Dry cleaning
Toiletries
Laundry detergent
Cleaning supplies
Diapers
Hair care
11. Entertainment
This category sits at the bottom of our list for a good reason, but it’s still essential to include. If you find yourself in a budget crunch, this is easily one of the first categories you should reduce until finances stabilize.
Sporting events, vacations, or streaming services like Netflix fall into this category. Given its otherwise low priority, there is no set amount you should spend on entertainment, and extra money can shift from month to month.
Items that fall in the entertainment category:
Books
Electronics
Restaurant dining
Concert tickets
Events
Vacations
Movies
Coffee
12. Other
This low-priority category covers pretty much anything else not already discussed. That can include property taxes that are a high priority in most circumstances, but you can often work with the IRS to get a debt repayment plan.
Various “other expenses” might also include donations, parking fees, child support, gifts, and school supplies, depending on your circumstances.
Some of these other expenses are significantly more important than others, but things like home improvement can be considered a kind of investment.
Items that fall in the other budget category:
Miscellaneous expenses
Child care
Holiday decor
Special occasions
Alimony
Anniversary presents
Tutoring
Private school
How Do I Make a Budget?
Considering the budget categories we presented in this article, one budgeting method that could work for you is a monthly budget spreadsheet. Or, you can use a budgeting app like Mint or another high-end competitor.
There are plenty of resources to use, so you should do lots of research on any budgeting apps that you consider downloading. Since not all of the apps work the same, search through different apps to find what best serves your budgetary needs.
What Is a 50/30/20 Budget?
Numerous financial pundits advocate for a 50/30/20 budget scheme, in which 50% of your income goes to necessary expenses, 30% goes to savings accounts, and 20% goes to wants and miscellaneous expenses. It’s also not uncommon to see people devote 30% of their funds to wants and 20% to savings.
This strategy often faces scrutiny during periods of economic strife, such as high inflation rates. Nevertheless, many budgeting apps may recommend this plan if your current income can support it.
Refine Your Budgeting Plans With Credit.com
The categories we’ve discussed today, along with their corresponding priority levels, can all vary from person to person. Building the best budget for your specific needs calls for a bit of craftiness and professional assistance.
Credit.com offers a wealth of tools and resources to help build credit, such as a free monthly budget template and services that allow you to report your utility and rent to the credit bureaus.