Ben Villarreal
Charleston, South Carolina, often hailed as one of the most charming cities in America, has a unique blend of historic allure and modern amenities. Known for its picturesque streets, southern hospitality, and culinary delights, Charleston offers a lifestyle that’s both relaxing and vibrant. However, like any city, it has its quirks and challenges. Not sure if Chucktown is for you? Read on to find out what to expect if you’re considering a move to the Charleston area in 2024.
You know it from: The Notebook, Dear John
Average 1 bedroom rent: $1,450 | Charleston apartments for rent, Charleston houses for rent
Average home price: $646,000 | Charleston homes for sale
Average cost of full-service moving services: $188/hr for 2 movers
Average cost to rent a moving truck: $19 – $39/day
Top industries: Trade, transportation & utilities, Government, Professional & business Services
Move here for: The beaches, the restaurants, and the beautiful architecture
Be sure to bring: Shoes you can wear on cobblestone streets, a white linen shirt
Charleston enjoys a subtropical climate, with hot, humid summers and mild winters. Summer temperatures often soar into the 90s with high humidity, making air conditioning a necessity. Winters are generally mild, with temperatures rarely dipping below freezing. However, the city does experience occasional chilly spells and rare snowfall. Be prepared for sudden thunderstorms in the summer and the possibility of hurricanes during the Atlantic hurricane season.
Moving Tip: Charleston’s low sea-level means that some areas are prone to flooding in the heavy rains of spring and summer. If you are looking to purchase a house, make sure to do your research on flood plains.
Charleston is a food lover’s paradise, boasting a diverse and vibrant culinary scene. From low country cuisine like shrimp and grits to high-end dining experiences at restaurants like Husk and FIG, there’s something for every palate. The city is also known for its bustling farmers’ markets, fresh seafood, and innovative chefs who blend traditional and modern flavors. Food festivals and events, such as Charleston Wine + Food, further enhance the city’s culinary reputation.
Charleston is known for its friendly locals and strong sense of community. Southern hospitality is evident in the warm greetings and helpful nature of residents. The city has numerous community events, festivals, and gatherings that foster a sense of belonging. From neighborhood block parties to city-wide celebrations like the Spoleto Festival USA, there’s always an opportunity to connect with others. This welcoming atmosphere makes it easy for newcomers to feel at home.
Moving Tip: Newcomers from other regions of the country should be aware that a lot of southern hospitality stems from long standing traditions around Southern etiquette and decorum. For a peek inside this world, Charleston Magazine has a revealing article about Southern manners.
Charleston is home to some of the most beautiful beaches on the East Coast. Popular spots like Folly Beach, Isle of Palms, and Sullivan’s Island offer pristine sand, clear water, and a variety of recreational activities. Residents enjoy beachcombing, surfing, fishing, and simply relaxing by the ocean. These coastal retreats are easily accessible from the city, providing a perfect escape from urban life and a great place to enjoy the natural beauty of the area.
Charleston has an active arts and culture scene, with numerous galleries, theaters, and museums. The Dock Street Theatre, one of America’s oldest, hosts a variety of performances, from plays to musicals. The Gibbes Museum of Art features an impressive collection of American art, while the Halsey Institute of Contemporary Art showcases modern works. The city’s cultural calendar is packed with events, including the world-renowned Spoleto Festival USA, which celebrates the arts.
Charleston offers a range of educational opportunities, from highly rated public and private schools to prestigious higher education institutions. The College of Charleston and The Citadel are two notable colleges in the area, providing quality education and contributing to the city’s youthful and intellectual vibe. There are also numerous specialized schools and programs that cater to various academic interests and career paths.
For those who love the outdoors, Charleston offers plenty of recreational activities. The city’s parks, such as Waterfront Park and Marion Square, provide beautiful green spaces for relaxation and exercise. The nearby Francis Marion National Forest and various nature preserves offer hiking, biking, and birdwatching opportunities. Water sports, including kayaking, paddleboarding, and boating, are popular due to Charleston’s coastal location and numerous waterways.
Charleston’s growing population has led to increased traffic congestion, particularly during peak hours. The city’s layout and historic streets can make driving challenging, and finding parking downtown can be difficult. Public transportation options include the Charleston Area Regional Transportation Authority (CARTA) buses and the free DASH shuttles in the historic district. Biking and walking are popular alternatives for getting around, especially in the downtown area.
Charleston’s cost of living is right around the national average, particularly in terms of housing. The city’s popularity has driven up real estate prices, making it a competitive market for buyers and renters. However, there are a variety of neighborhoods to choose from, each with its own character and price range. Areas like West Ashley and James Island offer more affordable options, while Downtown and Mount Pleasant are known for their higher price points.
Moving Tip: While housing costs are around average, the cost of utilities in Charleston is more than 20% higher than the national average so be sure to budget accordingly!
Charleston is renowned for its well-preserved historic district, featuring cobblestone streets and antebellum mansions. The city’s architectural beauty, including landmarks like the Rainbow Row and The Battery, makes it a picturesque place to live. Many homes and buildings are designated historic sites, which can mean strict regulations on renovations and upkeep. This historic charm is a significant draw for residents and visitors alike, contributing to Charleston’s unique character.
Moving Tip: There is no question that Charleston’s antebellum architecture is also a reminder of the dark side of the antebellum South. Today, Charleston is a progressive and forward looking city with a diverse population of residents who move there from all over the world.
Charleston is home to numerous parks and green spaces that offer residents a place to relax and enjoy nature. Hampton Park, one of the largest, features walking trails, gardens, and a lake. White Point Garden, located at the southern tip of The Battery, offers stunning views of the harbor and historic cannons. These green spaces provide a peaceful retreat from urban life and are perfect for picnics, walks, and outdoor activities.
Charleston offers a lively nightlife scene, with a variety of bars, clubs, and live music venues. King Street is a popular destination for nightlife, featuring trendy bars, rooftop lounges, and dance clubs. The city’s music scene is diverse, with venues like the Charleston Music Hall and The Pour House hosting performances by local and national artists. Comedy clubs, theaters, and late-night eateries add to the vibrant entertainment options available.
Charleston has a growing economy, with key industries including tourism, healthcare, manufacturing, and technology. Major employers in the area include Boeing, Roper St. Francis Healthcare, and the Medical University of South Carolina. The city’s port is also one of the busiest in the nation, contributing to economic growth. While job opportunities are plentiful, the competition can be stiff, so having a solid plan for employment is crucial.
Charleston hosts a variety of unique festivals and events throughout the year, celebrating its culture, history, and community. The Charleston Wine + Food Festival, Charleston Fashion Week, and the MOJA Arts Festival are just a few examples. These events attract visitors from around the world and offer residents a chance to enjoy food, fashion, music, and art. The city’s festive spirit and diverse event calendar make it a lively place to live and explore.
Methodology: Average rent prices sourced from Rent.com July 2024. Home prices sourced from Redfin July 2024. Average moving costs sourced from MoveBuddha. Employment data sourced from CHS Today.
Understand how much extra income you could get from a side hustle like DoorDash and get a budgeting and investing basics refresh.
This Week in Your Money: How much extra money can you really make from side hustles? What are budgeting and early investment strategies for young professionals? Hosts Sean Pyles and Sara Rathner discuss the realities of gig economy jobs with Tommy Tindall, a NerdWallet writer who tried working for DoorDash to see what kind of income it would give him. He shares tips and tricks on the ease of starting with DoorDash, the practical challenges involved, and how your location and lifestyle can impact your earnings.
Today’s Money Question: Host Elizabeth Ayoola joins Sean and Sara to help answer a listener question from a recent college graduate about early investment strategies. They discuss how young professionals can apply the 50/30/20 rule to their finances, the importance of setting clear savings goals, and how to start investing at a young age. They discuss the benefits of starting investments early, the differences between active and passive investing options, and the importance of automating investments to build wealth over time.
Check out this episode on your favorite podcast platform, including:
NerdWallet stories related to this episode:
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
Have you ever gotten a food delivery or a ride in an Uber and wondered whether these gigs are really worth the effort as a side hustle? Well, this episode will deliver some answers.
Sara Rathner:
Cute. Welcome to NerdWallet’s Smart Money Podcast. I’m Sara Rathner.
Sean Pyles:
And I’m Sean Pyles. This episode, Sara and I are joined by our co-host, Elizabeth Ayoola, to answer a listener’s question about money goals, especially when you’re early on in your financial journey. How do you get a grip on your finances and set yourself up for long-term success?
Sara Rathner:
But first, we’re turning to side hustles. This month on Smart Money, we’re running a special series about how you can increase your income, whether you want more money to invest or you’re working on building up your savings, or you really just want some extra cash to spend on whatever junk appears in your social media feeds.
Sean Pyles:
And we are not here to judge you for whatever you spend your money on, but watch any social media influencer or read any article about ways to increase your income and inevitably someone mentions taking up a part-time job in the gig economy like Uber, DoorDash, Airbnb, take your pick. And I’ve always been pretty skeptical that these gigs will net you meaningful amounts of cash, especially considering all the time and effort involved.
Sara Rathner:
Absolutely. If you’re going to put miles on your car or let strangers sleep in your rental property, it needs to be worth it. And we don’t have access to a vacation house for the purposes of this podcast, but we do have a Nerd on staff at NerdWallet who actually did DoorDash for a couple of days to get a feel for whether these jobs live up to the hype. Tommy Tindall is here to share his insights with us. Tommy, welcome back to Smart Money.
Tommy Tindall:
Hey there. Thanks for having me.
Sean Pyles:
So Tommy, you recently made a really fun video for NerdWallet’s YouTube channel where you test drove DoorDash for a few days. What were your hopes and expectations going into this journalistic exercise?
Tommy Tindall:
Yeah, so I study and write quite a bit about side hustles and for this one, I really wanted to go the extra mile, get it, and test it out myself, try to make the advice a little more valuable, right? Give it a true test. And delivery driving is super popular and seemingly accessible, at least that’s what I thought, was my hypothesis, I should say, an easy way to make side money. So I really wanted to answer a couple questions that I think people have about a gig like this, and one is just how easy is it to get started? Can you really sign up on your phone, get a red bag in the mail and start driving? And spoiler alert, yes, that’s what I did. You can. And also can you make real money?
Sean Pyles:
Okay, so what were the main things that you were tracking as you weighed whether this side hustle was worth it?
Tommy Tindall:
I wanted to keep it easy, so I was just keeping a close eye on the time I spent driving while delivering, the miles I drove, and of course how much I earned and really wanted to get to what’s the real pay when you factor in the cost of driving.
Sara Rathner:
So talk with us a little bit about the experience of doing this. Was it fun? Was it boring? Did you get chased by any wild animals? Did you use this as an opportunity to catch up on episodes of Smart Money?
Tommy Tindall:
Well, I wanted it to be fun, but it was kind of hectic. I mean, I remember there were a couple moments of zen where I was just cruising, windows down, just looking outside thinking this is the life. But as soon as I started thinking that way, ding, ding, I’d get another delivery. And I think hustle is a real good term for this because it was kind of a grind. And what really got me, which I thought was interesting, was the constant interaction with my phone. It was draining. I was using maps to navigate, to take orders, and it was just a lot of interaction with the phone while driving.
At one point I, quick story had a 16-mile delivery, which was good pay. It was like $18 of base pay, which was really good. So I took it, but I was so distracted kind of trying to figure out where I was going, that I went the wrong way on 95 and was screaming, pounding the wheel, as you can imagine, and just like, efficiency. That’s what I was going for. Also, keep in mind, I was filming this experience for the video and that totally added to my stress. So maybe more practice without trying to film myself, I could be a little more efficient, get a little more time to enjoy solitude and catch up on my favorite podcasts like this one. But yeah, it was hectic.
Sean Pyles:
Yeah. But you can’t forget that this is a job, right? It’s going to have stressful, difficult moments like any job.
Tommy Tindall:
I was reminded of that quickly, that this is a job and I kind of felt the stress. When I would get a delivery, I wanted to make sure the food was hot and get there quickly, know where I was going. So I had that sense of, hey, you’re on the clock, you’re working.
Sara Rathner:
That distracted driving element is also pretty terrifying.
Sean Pyles:
Tommy Tindall:
Yeah. Now when I see people on the road, I’m wondering are they delivering right now? So before I yell “get off your phone,” I’m wondering that.
Sara Rathner:
Sean Pyles:
Sara Rathner:
They might be.
Sean Pyles:
Either way, get off your phone.
Tommy Tindall:
Sara Rathner:
Tommy Tindall:
Sara Rathner:
I know. So Tommy, you mentioned this in your video, you live in a smaller town, a more remote area. How does that affect your ability to make money from DoorDash or any other app-based job like this?
Tommy Tindall:
I mean, it matters a lot because it’s how busy it’s going to be around you. So location matters. It’s where you live, which towns you have access to with a short drive that may be more populated. So I live, it’s a smaller, more rural but kind of suburban town outside of Baltimore. And what I did before I started was I would watch the DoorDash app, the map section of the app and just kind of see where the hotspots were.
And of course areas closer to Baltimore where it’s more densely populated, more restaurants within close proximity of each other, they were regularly busy during the peak times and they were shaded in pink on the maps. That’s how you know you can go out. When the map is like pink or red, you can Dash on a whim. When it’s gray, which it was sometimes in my town, you have to wait or schedule a Dash for later. But luckily where I live during the busier lunch hour, the option to Dash now was available during the weekday when I tried this. So I was able to stay closer to home, which I think was more realistic, because if I did this, I don’t think I’d want to drive that far. I’d want to stay closer to home, so.
Sean Pyles:
You don’t want to have to commute for your side gig.
Tommy Tindall:
Exactly. You want to get out there and do it maybe on the lunch hour during work, which I was thinking, which we’ll talk about. Probably kind of hard to do because I did find myself going from one end of my town to another because it’s not that populated, so it cost me some time.
Sean Pyles:
Well, that also makes me think about wear and tear on your vehicle and other related expenses like gas. Was that a worry of yours as you were doing the side hustle?
Tommy Tindall:
Yeah, this was a big worry for me because I am somebody who loves cars and I can be a little obsessive about keeping our vehicles maintained. So just all the stop and go driving, it was just kind of giving me a nervous tick. That was on my mind the whole time. I think I kind of make that clear in the video a little bit, and I should also mention that I drive a full size Ram pickup truck, which I thought would be fun to test for this, but not the ideal gig economy vehicle. It’s inefficient, hard to maneuver.
Sean Pyles:
Yeah, lots of storage space, but maybe more than you need for a Starbucks run or something like that.
Tommy Tindall:
Oh, yeah. And the maneuverability. I think at one point I pulled off a busy road into the wrong driveway and I had to sort of Austin Powers my way out. You remember that 20 point turn he had to do in the first movie and all while the customer, the next house over was watching me. So when I finally got over there, we had a little laugh about it and I think she did tip me. I don’t know if she tipped me after the fact or not, which you can do in the app.
Sean Pyles:
You were providing some entertainment along with the delivery?
Tommy Tindall:
Oh, yeah. When I did get to interact with customers like that, I made it kind of fun. I’d be like, “Yeah, you don’t see people driving a truck very often, do you?” But yeah, I was a little anxious about my own vehicle and the wear and tear.
Sean Pyles:
Okay, so Tommy, after three days of Dashing, tell us how much time you spent driving, how far you drove, and how much you earned.
Tommy Tindall:
All right, well here are the stats. I went on three Dashes for this test and drove about six and a half hours on deliveries altogether. I put 90 miles on my personal vehicle, which was my big dump truck as I mentioned. Earned a total of $86, but factor in the 17 MPG that I was getting. And gas was I think around $3.60 a gallon when I was doing this. So less than $19 in fuel costs. True earnings are more like $67 or $10.31 cents an hour. So I mean, not a lot of money.
Sean Pyles:
So I’m going to wager that’s less than you’re making at NerdWallet on an hourly basis.
Tommy Tindall:
Yeah, yeah, yeah. Not giving up the main hustle.
Sean Pyles:
Yeah. Do you think this was worth it?
Tommy Tindall:
So yes and no, and I’ll start by saying I’m glad gigs like this exist because I was really blown away by the accessibility of this gig. I mean, I was signed up and through the background check in literal minutes, and if you, the listener, meets the basic qualifications, I mean you can probably start working and start earning, and I like that. It’s not like saying side hustle options, go be an influencer and wait a couple years to build a following before you make your first dollar. I mean, you sign up and you can make money, which I think is great. And flexibility of course is the selling point of a delivery driving job like this. But at the expense of what? I felt like I was really hustling. I didn’t make a lot of money and thinking back, I mean this would be a real grind for me to do on the side.
It’s really about where I’m in my life. I mean, I have a main job, I have a family, I have young kids in school and sports, a home that continues to break that I have to maintain, I serve in my church and I really covet kind of that little free time that I have left. So I guess all that to say, not quitting my day job. And I think doing this made me more grateful of my main hustle and reminded me that I think there’s merit in what’s become kind of an older way of thinking where you find a good company, work hard, build your skills, grow your confidence, gain expertise, and hopefully increase your salary over time. So whether it’s worth it I think depends on personal situation, because you do make money.
Sara Rathner:
So who do you think a side hustle like this is good for?
Tommy Tindall:
People who do have some extra time or need extra cash and can take advantage of the flexibility to work whenever, because again, that is the selling point of a job like this. Also people who can work the system to their advantage. And you see a lot of YouTube videos of people sort of gaming this and chasing something called peak pay, which is an incentive where you can add plus one, two, three, or more dollars to a delivery if it’s really busy. So the competitive types, which is not me, admittedly, but I do wonder if I would’ve tried this at a different time in my life, like back in college or in my first years working a job when I lived in Washington, DC, had it been available.
Sean Pyles:
Well, Tommy Tindall, thanks so much for talking with us.
Tommy Tindall:
Absolutely. Thanks for having me.
Sean Pyles:
So listener, you just heard Tommy describe an interesting way that he earned some money. Ahead of this month’s series about increasing your income, we have our new Nerdy question of the month for July, which is: what is the most creative thing that you’ve done to earn more money? Maybe you negotiated a significant raise or you’re one of those job hoppers that has a new gig every couple of years. Tell us what is the most interesting thing that you’ve done to increase your income?
Sara Rathner:
I mean, I’ve rented out my basement for a commercial shoot, so there’s that.
Sean Pyles:
Okay. Interesting.
Sara Rathner:
Made 1,400 bucks and bought new storm doors. What a day. Anyway, if you’ve done something like that or something else, call or text us on the Nerd Hotline at (901) 730-6373. That’s (901) 730-NERD, or email us at [email protected]. We might just share your story on a future episode. Maybe inspire some of our other listeners to take up an interesting side hustle.
Sean Pyles:
And while you’re at it, send us your money questions, too. It is our job as Nerds to answer whatever your money question is. So send it our way on the Nerd Hotline, (901) 730-6373 or email it to us at [email protected]. Well now let’s get into this episode’s money question segment after a quick break. Stay with us. We’re back and answering your money questions to help you make smarter financial decisions. This episode’s question comes from Adrian, who left us a voicemail. Here it is.
I’m a recent college graduate. I graduated college in June of 2023 and I am six months into my new corporate world job. I’m trying to save 25% of my income per month and I’m trying to start investing. I don’t really know what my savings goals should be. I’m down for some high risk investments, but I don’t know, I’m trying to just learn the basics of investing, how to plan for life. What would you do if you were in my shoes, if you could go back in time and be 23 and not have kids or a mortgage or anything?
Sara Rathner:
To help us answer Adrian’s question on this episode of the podcast, Sean and I are joined by our co-host, Elizabeth Ayoola. Hey Elizabeth.
Elizabethy Ayoola:
Hey, my favorite dynamic duo.
Sean Pyles:
I love getting a question from a listener who is so young because even though they’re only 10 years younger than me, it does feel like a lifetime ago that I was 23 and making these financial decisions for the very first time. One thing that I find really interesting about Adrian’s question is that while they are so early in their financial journey, their questions really can apply to anyone, because as I’m sure we all know well, plenty of people in their 30s and 40s and beyond are still trying to figure out their budgets and their financial goals. So with that in mind, I think that our listener and all listeners really could benefit from a little bit of budgeting 101. So Elizabeth, where do you think they should start?
Elizabethy Ayoola:
Basically, I think they need to start with a budget. That’s going to tell you how to slice and dice your money. You should probably maybe start with the 50/30/20 budget, which we are advocates for at NerdWallet, or it might be the 60/30/10 budget depending on your cost of living and where you are. Now, for those who don’t know what the 50/30/20 budget is, 50% go to your needs, 30% to your wants and 20% to debt, paying down debt and also saving money. I do think it’s important to know, however, these numbers are not set in stone. It really just depends on your finances and you can adjust the numbers to fit where you are in your financial life right now. I myself currently save above that 20 bucket, but luckily I don’t have that much debt, so that’s why I’m able to save more money and save more than the 20.
Sean Pyles:
Yeah. And our listener wants to save 25% of their income, which is really ambitious, especially for someone who is so young. I think when I was 23, I was saving maybe 2% of my budget, and it wasn’t even intentionally, it was just by chance, because that’s what I had left over at the end of the month.
Elizabethy Ayoola:
You were doing great, Sean, because let me tell you, I was saving 0% of my budget at 20 something. So that is ambitious. I think it’s possible, but it just again depends on where your finances are.
Sara Rathner:
I like an ambitious savings goal, especially when you’re young. Some of the best advice I was given by a CFP that I used to work with was save as aggressively as you can for as long as you can because life only gets more complicated and more expensive. So if aggressive for you is 3%, that’s great. If aggressive for you is 25%, that’s great, and if you have to change it up from month to month, that’s fine too.
Elizabethy Ayoola:
So our listener is dedicated to being a hardcore saver, and I love that for you, listener. So Sean, I know you’re also big on saving and you have some tricks for effectively saving money. What do you think?
Sean Pyles:
So I would start by encouraging Adrian to have something to save for. Again, I’m thinking a lot about myself in my early 20s, I didn’t really have any sort of short, medium, or long-term goals or priorities of any sort because I was just focusing on paying my rent and having fun. So I understand how it can be hard to understand what your priorities might be, and this is where I think something that’s very woo woo but effective can come into play. And that is a visualization exercise. Now, if you’re rolling your eyes, just bear with me because I swear it can be super helpful. So when you are 23, 33, 43, think about where you see yourself in the future in five years, in one year, in 20 years. So maybe that means do you want to move to a new city in the next year? Do you want to buy a house in five years? Do you want to retire in 40 years? Imagine where you will be at these different points in your life and think about how you can save money to get there.
Elizabethy Ayoola:
I would not even say that’s woo woo, Sean. I mean, so I definitely started doing that in my late 20s and honestly, the life I have today was a lot of the woo woo stuff. So it worked for me.
Sean Pyles:
The manifesting is real.
Elizabethy Ayoola:
It’s a real thing.
Sara Rathner:
And if you’re not really into the whole idea of manifesting as a term, that’s fine too. You could also think about it in terms of just naming your goals. Instead of just being like, I’m going to save 25% of my salary. For what? So say what the “what” is. So maybe online savings accounts like high yield savings accounts, you could actually name the account. So you could have, this is the account because I need to replace my car, or this is the account because I need to buy a new computer. Or this is the account that I’m saving up for a down payment on a home for. And then beginning to say, okay, I’m going to put this amount of money in this month for this goal and this goal. Makes it so much easier to stay organized and there’s some science behind it, making it so that you actually are more successful in terms of reaching your savings goals by just naming the goal. So if you don’t want to do the woo woo thing, you could do the practical thing and just put some names on stuff.
Sean Pyles:
Yeah. And what you’re talking about there is really the marriage of the woo woo and the super practical and tactical, where you can start with knowing what you want and then getting the accounts that can help you save the money for that. So for a lot of people, that’s going to mean starting out with an emergency fund, building up over time three to six months of the needs budget that you have. That’s like rent and medicine and groceries, things like that. And then building out the other savings buckets for things like a vacation fund, a house fund, a wedding fund. I have 10 savings accounts across all of the banks that I partner with. And they are all specifically allocated for my different goals. I know 10 is kind of a ridiculous amount, but it works for me.
And what makes it easy is that I automate my deposits into these accounts. So I don’t even have to think about it. One of my accounts is only getting $40 a month, and that’s enough for me to save, to build on that goal over time. But I don’t have to be worried about, oh, okay, am I going to have enough for when I need a new rug for my house eventually. I just know it’s already going in the background.
Sara Rathner:
Yeah, I love this. It’s that concept of reverse budgeting where you automate transfers into your various accounts for different goals every month.
Sean Pyles:
And whenever we talk about savings accounts, it can be easy for we Nerds who are steep in this to maybe even take for granted the fact that high yield savings accounts are such an amazing thing for people to have. People can be getting even around 5% back for what they have sitting in their savings. And if you think about some average returns from the stock market some years are around 7%, and that can be much riskier than just having a savings account. I really do recommend people shop around, look at some of our roundups on NerdWallet and see what sort of high yield savings account might help you meet your goals, because you’ll be getting a much greater return on your money than you would get from a traditional brick and mortar bank.
Sara Rathner:
So our listener, Adrian, is a spring chicken in the world of finance and in the world of investing, which they also mention, having a long time horizon can be one of your best assets. And if you’re in your 30s and listening to this, you still have a long time horizon. So don’t think it’s all over if you didn’t invest in your 30s. Now let’s talk about investing at a younger age. Elizabeth, what are your thoughts there?
Elizabethy Ayoola:
Oh my gosh. I totally get the feeling of being overwhelmed and not understanding where to start. But it’s really important I think, not to let that paralyze you and to just start as soon as you can. And the first step in doing that is creating a strategy. And what the strategy is going to do is it’s going to tell you what your goals are and how much you need to save to achieve them and by what timeline. Now, it doesn’t have to be over complicated because I think that’s where people get tripped up, especially because there’s so many retirement and saving calculators online to help with this. And yes, I’m going to shamelessly plug NerdWallet. We have lots of those, go check them out. But yeah, knowing what age that you want to retire and how much you need will help guide your investing strategy. It’s also going to help you decide what to invest in, the best vehicles to use, and how much to put in each. What do you think, Sara, about time horizons in that sense?
Sara Rathner:
Oh, it’s probably one of the best things you have working for you because the way compound interest works mathematically is the longer of a time horizon you have, the less you can save per month or per year and still come out with a higher amount of money in the end versus waiting an extra 10 years, an extra 15 years, then you have to invest so much more per month just to catch up and still end up with less money overall.
Sean Pyles:
And I would recommend Adrian or anyone else who’s getting started in investing or just taking it seriously for the first time, is to get a lay of the land and understand all of the different investment accounts that are out there. Because there are all these different ones, like a 401k and a Roth and a Roth IRA that people have probably heard about, but really understanding what they are and when one is more beneficial than another for your circumstances can help you make the most of your investments. And something to think about too, since Adrian is so young, is that your younger years are often the best time to take advantage of an IRA because you are getting taxed at a lower rate when you’re earning less money than you will be taxed at later on in your career. So really use these early years to your advantage.
Elizabethy Ayoola:
Yeah, I’m with you Sean. You guys also should decide for those people listening whether you want to do active or passive investing. If you are like me and you ain’t got time for that, and when I say that, I mean checking the stock market every day, then you may want to consider passive investing and some passive investing options include ETFs or robo-advisors and kind of securities like that. But yeah, once you do all those things, the most fun part is automating your investments and knowing that you’re probably growing both while you’re sleeping.
Sean Pyles:
Yeah, I think for a lot of people, sometimes the best strategy to start can be the strategy of “I want my money to make me more money.” And that’s where I started out in my mid 20s when I first started taking investing seriously. I didn’t want to spend a lot of time actively managing investments. And guess what? Actively managed investments often perform worse than passively managed investments. So passive is probably going to be the easiest thing for most people to do. And I just set up an account with a robo-advisor that was trusted and well-reviewed on nerdwallet.com, and I just have automated deposits and it makes it super simple. I’ve been doing it for years and I’m already receiving literal and metaphorical dividends from that.
Elizabethy Ayoola:
Also, you want to think about fees when you’re looking at things like that and what has low fees and performance and other things, but don’t let that stop or overwhelm you as well. Just check out some resources on how to pick an ETF also.
Sara Rathner:
Yeah, I will also add that whenever I hear somebody in their early 20s say that they are, “Down for some high risk investments,” I think somebody’s been talking to their friends about crypto and I don’t know. I mean, for all I know Adrian just means, oh, I really want to dabble in a more stock forward portfolio. Sure. Honestly, you’re probably talking about crypto, aren’t you? Before you dabble in speculative investments, things like cryptocurrency, things like, I don’t know, precious metals and real estate and all sorts of stuff like that, you want to set aside a solid foundation. Just the things that we’ve been talking about, automating transfers of money into retirement accounts, either through your employer or on your own, diversifying those investments. And then, only then, if you have money left over, then you can dabble a little bit, sprinkle a little spice onto your investments, maybe 10% of your portfolio at the most into the higher risk, like crazy stuff. But set a good foundation first. Don’t put all of your money into speculative investments and then wonder why you don’t have any money left because you probably won’t.
Sean Pyles:
And I will just quickly add for the sake of our compliance department, that we are not financial or investment advisors. If you want specific individualized investment advice, speak with a financial advisor, hopefully a fiduciary financial advisor. Okay. Now, I know we’ve been kind of talking around this question for this conversation, but I would love to hear what you two would have done differently if you could go back to when you were 23 and maybe improve your finances, knowing all that you know now?
Elizabethy Ayoola:
That’s a deep, deep, deep sigh. So honestly speaking, the first thing I thought is like, oh my God, I would’ve stopped partying and buying alcohol and save more money. But then I remembered that I was living in Nigeria earning like $400 a month, which was seen as a good salary. So I barely had any money to live, quite frankly. And I think that’s a reminder that sometimes you just ain’t got really barely enough money to save and you just need to earn more. But I definitely would have educated myself more on personal finance and I would’ve at least stashed away something into an investing account. So that’s what I would’ve done. But then again, if I started investing too early, I might be in Turks and Caicos right now instead of chatting to you all. So I guess it worked out how it was supposed to.
Sean Pyles:
I’m glad you’re here with us, but also I would be happy for you if you were traveling the world instead of doing this. Sara, what about you?
Sara Rathner:
So I think a lot of people in their early 20s are, there’s just a lot of fear and uncertainty at that point in your life, and I definitely felt that at that time where there are all these big life milestones that are coming up for you eventually and you just don’t know when they’re going to happen. And so I was so worried about whether or not I’d be able to get to that point. But you’re 23.
Knowing how fast the next 10 to 20 years will go for you, just savor it because everything else is going to pile on really, really fast. And the way you spend your weekends is going to look really different. Do take a couple of steps to improve your position in life later on and use that gift of time. But then, yeah, you should have the wants budget, you should go travel with your friends, go out with your friends. Once you all get partnered up, you’re not going to see your friends as often, so enjoy it.
Sean Pyles:
Well, as someone who definitely enjoyed themselves a lot in their early 20s, I don’t regret any of it, really, shockingly, but it did come at the expense of my financial health in some senses. I really didn’t invest until my mid 20s. I barely had a budget until around the same time. So I would go back and encourage myself to be a little bit more balanced in the having fun and the forward planning aspect of life. But you’ve got to learn your lessons as you learn them. And that’s where I was at the time.
And one thing I think is important to realize and think about as you are trying to map out what having an adult financial life looks like is that the beginning of this financial journey is always going to be the hardest because you simply don’t know what you don’t know. There’s so much to learn. When you’re 23, you’re paying rent on your own for the first time. You’re figuring out how to make meals for yourself for the first time and building these good habits does take time. So don’t feel like you have to do everything all at once, but do make that concerted goodwill effort to try to better your relationship with money and use it to build the life that you want. Well, Elizabeth, thanks so much for coming on and talking with us.
Elizabethy Ayoola:
Thanks for having me.
Sara Rathner:
And that’s all we have for this episode. Remember, we’re here for you, whatever life phase you’re in, and we want to hear your real world questions because we’re here to make you smarter about your money decisions. So turn to the Nerds and call or text us your questions at (901) 730-6373. That’s (901) 730-NERD. You could also email us at [email protected]. Also visit nerdwallet.com/podcast for more info on this episode.
Sean Pyles:
And remember, you can follow the show on your favorite podcast app, including Spotify, Apple Podcasts and iHeartRadio, to automatically download new episodes. This episode was produced by me. Tess Vigeland helped with editing. Sara Brink mixed our audio. And a big thank you to NerdWallet’s editors for all their help. And here’s our brief disclaimer again. We are not financial or investment advisors. This nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sara Rathner:
And with that said, until next time, turn to Nerds.
Source: nerdwallet.com
We may receive a portion of sales if you purchase a product through a link in this article.
Spring is the season of renewal. An opportunity for a fresh start. Walking outside on the first warm and sunny day of the year—and seeing neighbors out and about, too—often feels like a collective sigh of relief. With winter’s chill behind us, spring invites us to lighten up, especially in our homes. The time has come to put away the heavy knits and faux furs and break out the gingham tablecloths and pastel throw pillows. Spring has finally arrived and we’re ready for a refresh.
We spoke with several interior designers to get the scoop on what spring home decor trends they’re seeing and loving this season. It’s a dreamy mix of fun colors, soft patterns, cozy textures, and a dash of the unexpected. Curious to know more? Read on to learn how to give your home a fresh start with this season’s latest interior trends.
One of the biggest decor trends of the year is individuality. We’re being encouraged to make bold moves when it comes to our design choices at home, and spring is no different. Amber Guyton of Blessed Little Bungalow is fully embracing the trend by mixing patterns for maximalist appeal.
“This spring, I’m encouraging my clients to pattern mix to their hearts’ content!” she says. “Don’t be afraid to layer different patterns with bold colors, even if the foundational color palette is neutral.” If this makes you feel a little uneasy (making a bold move can be intimidating) start small with accent pillows or dish towels. “Mix in something unexpected and outside of your comfort zone to take things up a notch and add interest,” Guyton encourages.
Wallpaper instantly transforms a room, and can make a huge impact on how a space looks and feels. Spring-inspired prints look beautiful year-round, whether you decide on a small, simple pattern or a large-scale print. Julee Wray, owner and head designer of Truss Interiors loves using wallpaper in the bedroom especially. “We love large-scale prints to be used behind headboards,” Truss explains. “It’s a great way to add depth and height in a way framed art can’t.”
You’ve likely taken note of the unexpected red theory circulating TikTok. It argues that a pop of red will improve any space, especially if it looks like it’s not supposed to be there. Red can be a challenging color to work with, but Chelsea Albright, the lead designer of Places Studio, is championing the trend, especially this spring.
“Spring is a time to freshen up our spaces, and incorporating unexpected red decor is a great way to add visual energy in a neutral space,” she shares. Some of her favorite ways to add a pop of red are with small pieces of decor.
“Incorporate items like coffee table books, vases, bookends, artwork, and even fresh roses,” she says. “You’ll be surprised how exciting a pop of red can be!”
“While neutral interiors will forever be a classic, be prepared to see more color this spring,” Scheck asserts. “Home owners are craving layering more character and personality into their homes, and infusing color is a natural way to achieve that.”
There are so many ways to include color into your home this spring, whether it’s wallpaper or simple decor pieces you can swap out with the season. Then, of course, there’s the magic of paint. “In any room you paint, the walls and ceiling should definitely be the same color,” Wray suggests. “Own the color!”
If you’re feeling bold, include both paint and wallpaper for a mix of color and texture—a trick Karen B. Wolf of K+Co. Living loves. “My preference leans toward accenting with paint or wallpaper in pairs. For instance, utilizing one material or color for two opposing walls and another for the remaining pair,” she explains. “This approach tends to harmonize the space and offers ample opportunity for any special feature to shine.”
Another big interior trend this year is embracing natural wood and ditching fast furniture. “Natural wood is grounding and there’s something about it that feels comforting in a space. It’s huge in design right now and great for the spring season,” notes Bianca Ecklund, Designer and Creative Director at California-based Bianca Ecklund Design.
If your spring home refresh requires new furniture, take the time to explore solid wood pieces. Mother Nature is the ultimate designer, so it makes total sense that natural materials look beautiful and help us feel calm. “For a chic space that pulls you in and feels comfortable, I love using some form of natural wood,” Ecklund says.
Audrey Scheck of Audrey Scheck Design wholeheartedly agrees with incorporating natural materials into your home, and she’s especially fond of embracing rattan for spring.
“Rattan infuses warmth and texture into any space, effortlessly evoking a relaxed aesthetic in an organic way,” she asserts. “It’s a very versatile material and can be seamlessly integrated into a home through furniture, light fixtures, and decorative accents.”
If natural wood grounds a space, rattan adds a lighter, more playful feel—perfect for the spring season.
It wouldn’t be spring without a bit of pastel, and if you’re not keen on painting a whole room pastel, why not think of pastel as an accent? “Painting trim, ceilings, and wall wainscoting offer an excellent way to add an extra element of intrigue to a design. This is especially true of spring colors because they inherently equate with new life,” Nina Grauer, interior designer at Dekay & Tate recommends. Pastel trim adds something special to a room, as seen in Grauer’s bedroom design above. She recommends paints with a gloss sheen for pastel woodwork.
If color is not your thing, neutrals come in pastel shades as well. “We are definitely shifting toward warmer colors and are using light brown tones this spring, as they play well with a variety of accent colors such as navy, coral, and ochre,” Laura Chappetto of Element Design Network states.
Source: camillestyles.com
Market is always a blast, packed with days of appointments, fresh new fabrics and furniture frames and seemingly limitless inspiration. We go to pick up new products from vendors we know and love, source new merchandise, and scout out vendors we didn’t know we needed!
And while we’re doing all of these things, it’s impossible not to spot the trends as we walk through showroom after showroom. Some of them we embrace, others we enjoy from afar, and all of them we enjoy coming and going as the Markets and years go by.
I’m talking here about trends and the things we loved seeing the most at Spring 2024 Market in High Point, North Carolina.
Let’s kick things off with pastels! A throwback to the 1980s perhaps (and the ‘40s/’50s before that, and the ‘20s before that!)? A colorful yet soft palette, we saw sweet pinks, tender greens, serene blues, and gentle yellows all over market.
Within the pastels family, lavender was a standout color at Market. We spotted purples and plums frequently, but lovely lavender stole the show. Lavender started making an appearance last market and has been all over the world of fashion, but this spring it really was ubiquitous.
But if pastels are not your thing, fear not: Despite the popularity of pastels, moody palettes continued to make their bold statements, with blacks and plums reigning supreme.
Cottagecore, a personal favorite of mine, was making its soft statement all over Market. This shabby chic reincarnation, which is zero percent shabby and 100% sweetly chic, creates soft, cozy spaces often incorporating florals, checks and ticking strips along with wood detailing, woven elements like wicker, and ruffles galore. It made us feel like spending the weekend in the English countryside. The look is a welcome contrast to clean lined, low patterned contemporary spaces and prioritizes warmth and comfort over all.
Mountain Modern plays up the neutral palettes mentioned before, bringing in cool leathers, plush furs, stained woods in varied hues, and accented with black elements. Whether you’re up for a run down the mountain or just here for the apre ski, this vibe will have you feeling like you’re perched in a mountaintop chalet.
In the world of design, it’s all about the layers. Whatever your aesthetic, it’s the layers of elements that pull a space together and give it the overall feeling you want to achieve. Perhaps it’s the resurgence of cottage charm, the return of pattern on pattern in general, or just our collective love of textiles, but ruffles, pleats and fringe were seen everywhere and we couldn’t get enough of them!
Whether it’s a pleated ottoman skirt, ruffles around a bench, bed skirts (I think it’s safe to say these have made their comeback) or a canopy bed draped in layers upon layers of gorgeous fabrics, these elements soften the spaces they fill and offer opportunities to add pattern, color and oh-so-lovely layers for which we are always looking.
In the same vein, while scallops are nothing new, we spotted them being used in fun new ways, including bed frames and furniture aprons and skirting. When a space begins to feel like it’s being overrun with straight lines, a sweet scallop addition is a great way to soften things up. Commit to the curvy lines of a scalloped furniture piece, or tuck in a scalloped tray on a tabletop or ottoman for just a dash of the look.
While we’re on the subject of making old new again, canopy beds are perhaps one of the things I loved seeing most at Market, and not only because they give us just that many more surfaces onto which we can apply color and pattern and use more textiles in general. This historic concept used to serve a purpose beyond their aesthetic contributions – they kept their occupants warm and cozy in a time when central heating didn’t exist, and offered a shred of privacy when privacy could be hard to come by. Today, this style and its many variations are getting plenty of attention and I just can’t get enough.
Mural wallpapers are still going strong and encompass a variety of aesthetics. From bold colors and graphic patterns to idyllic English countryside scenes to classic chinoiserie, they all make their own kind of statement and add large-scale personality to spaces.
While we often build a room from the ground up (if we begin designing around a rug), I’ll have to end this with what we spotted on the floor: hair-on-hide rugs and traditional rugs, both in all types of spaces. Hide rugs, layered or on their own, were featured in a number of spaces, and not just those with a rustic flair. Traditional rugs were also highlighted in settings that ranged from traditional to modern, serving as fantastic foundations to all.
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Source: journalnow.com
Low-maintenance indoor plants are aesthetic enhancers and wellness promoters when it comes to home decor. These verdant companions offer more than just a touch of green; they purify the air, uplift the mood, and contribute to a serene ambiance with minimal effort.
Ideal for those new to the green thumb club or seasoned plant lovers seeking hassle-free options, low-maintenance indoor plants fit perfectly into various spaces. Houseplants can brighten up a space immediately, from cozy corners in living rooms to workspaces that need a dash of vitality. They transform living spaces with their vibrant presence, but the charm lies in their simplicity.
Originating from humid climates, these plants easily adapt to indoor environments, despite the drier air. Opting for low-maintenance indoor plants means embracing a green world where one can find peace, relief, and a happier mind state of mind. Let’s explore seven such plants that promise to bring life to your home without demanding much in return.
The Peace Lily is a quintessential low-maintenance indoor plant for home decor. Its ability to thrive in lower light and humidity makes it a favorite part of any interior decor plan.
The elegance of its white blooms, contrasting with dark green leaves, adds a sophisticated touch to any room. This plant beautifies spaces and enhances air quality, making it a practical choice for enhancing living and workspace environments.
The Jade Plant is an indoor plant symbolizing wealth and longevity. This succulent can thrive under any weather condition. The thick, lush leaves store water and can be sustained for longer periods with minimal care. Perfect for those who occasionally forget to water their plants, it adds a vibrant green hue and an element of prosperity to your home.
Pothos, with its cascading vines and heart-shaped leaves, is one of the low-maintenance indoor plants to look after. This plant can stand under any light conditions and be sustained for extended periods without watering. Its versatility makes it suitable for hanging baskets or as a striking tabletop display to enhance the aesthetic of your house.
The Dracaena plant’s dramatic foliage and architectural height bring sophistication to indoor spaces. Its leaves, marked by striking color variations, require minimal care. This plant enhances a room’s visual appeal and purifies the air, making it a remarkable addition.
An easy-care indoor plant that represents good fortune is the Money Plant. Its green, glossy leaves and twisted trunk set it apart. It grows well with regular watering and indirect light, adding a sense of vitality and prosperity to your living space. It’s great for those who wish to add some natural charm without extensive maintenance.
Large, glossy leaves from Philodendrons give any space a lush, tropical vibe. It is a low-maintenance choice that grows well indoors and needs too little care to thrive. This plant is a smart choice to add an exotic touch to any space, whether in search of a climbing variety or a large-leafed species.
The snake plant is low-maintenance for its architectural structure and attractive foliage. Since this plant can endure low light levels, it is perfect for individuals looking to add some greenery with no added care. Its air-purifying properties are a bonus that requires little work to improve the atmosphere in your house.
Adding low-maintenance indoor plants is about more than just decorating; it’s about enriching your living space with natural beauty that asks little in return. These seven plants offer a gateway to a greener home, promising aesthetic appeal and well-being benefits.
With minimal care, they thrive, bringing life and freshness to their surroundings. You’ll discover the joy of plant parenting as you integrate these resilient greens into your decor.
Source: sportskeeda.com
With the Space Needle soaring, Olympic Mountain looming and a buzzing city coming to life, there are more than a few reasons to settle down in Seattle. If you’re new to the city you may be wondering, how much does rent cost in Seattle? The average monthly rent prices are $1,422 for a studio, $2,145 for a one-bedroom unit and $2,991 for a two-bedroom unit. However, these prices may not fit your budget.
If you’re looking for a more affordable alternative in the Emerald City, you’re in the right place. Below, we’ll explore 12 of the most affordable Seattle suburbs, where you can still enjoy the Pacific Northwest charm without breaking the bank. From scenic landscapes to tight-knit communities, these economical enclaves are budget-friendly ways to enjoy the stunning beauty of the Puget Sound region.
Average rent for a one-bedroom: $1,450
Average rent for a two-bedroom: $2,218
Distance from Seattle: 17 miles
Apartments for rent in Des Moines
Claiming the first place on our list of affordable Seattle suburbs is Des Moines. Only about 17 miles south of Seattle, you’re just a short distance from the city center. You’ll also save close to $700 monthly on rent if you’re planning to lease a one-bedroom apartment.
There are plenty of things to do in Des Moines. For example, you can explore Saltwater State Park along the shores of Puget Sound or spend the afternoon checking out the sea life at MaST Center Aquarium.
Average rent for a studio: $1,275
Average rent for a one-bedroom: $1,522
Average rent for a two-bedroom: $1,765
Distance from Seattle: 11 miles
Apartments for rent in Tukwila
Just 11 miles south of Seattle is our second suburb, Tukwila. The area is home to about 21,600 residents. The average rents are also much less than in Seattle. For example, a one-bedroom unit in Tukwila costs $1,522 compared to $2,145 in Seattle.
Tukwila is home to the Museum of Flight, an expansive museum with over 175 aircraft and plenty of displays, giving you plenty to explore. You can also visit the sprawling Southcenter Mall, which houses plenty of options for shopping, dining and killing a few hours in the middle of the day.
Average rent for a studio: $1,699
Average rent for a one-bedroom: $1,560
Average rent for a two-bedroom: $1,845
Distance from Seattle: 20 miles
Apartments for rent in Kent
As a renter searching for affordability, you might want to consider Kent. It’s a fantastic suburb located about 20 miles south of Seattle. The average rent for a one-bedroom unit is about $600 less than in Seattle.
In Kent, you can easily explore the scenic Green River Natural Resources Area, which has walking and biking trails that are perfect for enjoying the picturesque riverbanks. Kent is also home to the ShoWare Center, a popular venue for hockey games, concerts and more.
Average rent for a studio: $1,595
Average rent for a one-bedroom: $1,604
Average rent for a two-bedroom: $1,600
Distance from Seattle: 28 miles
Apartments for rent in Auburn
A bit farther from Seattle you’ll find Auburn, which is around 28 miles to the south. Auburn is an affordable suburban alternative to much of the surrounding area. The slightly longer commute might be a trade-off worth considering as the average rent is considerably less.
There’s plenty to do in Auburn, like exploring Game Farm Wilderness Park, where you can camp and explore the trails. You can also check out Emerald Downs, a great racing track to kick back and watch the ponies fly.
Average rent for a studio: $1,215
Average rent for a one-bedroom: $1,621
Average rent for a two-bedroom: $1,913
Distance from Seattle: 24 miles
Apartments for rent in Federal Way
About 24 miles away from downtown Seattle is Federal Way, another great suburb for renters to consider. Home to 99,000 residents, Federal Way is an excellent option for renters looking for a less busy city – and more affordable rent prices.
Federal Way supports a range of activities, including the Pacific Bonsai Museum, where you can admire a stunning collection of bonsai trees from around the world. You can explore Dash Point State Park, where you’ll find a beach, hiking trails and waterfront views. The city is also home to the Wild Waves Theme & Water Park, which provides thrilling rides and water slides, perfect for a family day in the heat of the summer.
Average rent for a studio: $1,950
Average rent for a one-bedroom: $1,651
Average rent for a two-bedroom: $1,852
Distance from Seattle: 30 miles
Apartments for rent in Everett
Securing the sixth spot on our list, Everett is a familiar Seattle suburb. This area is home to roughly 110,800 residents, making it feel much more city-like than many of the other towns featured in this article.
Everett is home to the Boeing Future of Flight Aviation Center, where you can take tours and learn about the aviation industry’s history and innovation. For outdoorsy types, Jetty Island, a sandy beach destination perfect for kiteboarding and kicking back by the beautiful Puget Sound, is a must-see.
Average rent for a one-bedroom: $1,722
Average rent for a two-bedroom: $2,250
Distance from from Seattle: 15 miles
Apartments for rent in Mountlake Terrace
Claiming the seventh spot on our list of renter-friendly Seattle suburbs is Mountlake Terrace. It’s only about 15 miles north of downtown, making it a great option for daily commuters.
While a smaller city, there is plenty to do in Mountlake Terrace. You can take a quick trip to the serene Ballinger Park, full of walking trails, a lake, picnicking and more. For a taste of local culture, you can visit Mountlake Terrace Pavilion, which hosts a ton of events and activities throughout the year.
Average rent for a studio: $1,672
Average rent for a one-bedroom: $1,930
Average rent for a two-bedroom: $2,119
Distance from Seattle: 12 miles
Apartments for rent in Burien
If you’re a longtime Seattle resident, then you probably know about Burien. In Burien, one-bedroom units generally rent for $1,930 and two-bedroom units are available for around $2,119, providing considerable savings compared to Seattle.
If you’re wondering what to do in Burien, you can explore Seahurst Park, which has gorgeous tidepools and scenic waterfront views. Burien’s bustling downtown area offers a stellar food scene with lots of restaurants, making it a great destination for foodies looking to expand and refine their palettes.
Average rent for a studio: $1,894
Average rent for a one-bedroom: $1,974
Average rent for a two-bedroom: $2,200
Distance from Seattle: 18 miles
Apartments for rent in Edmonds
Edmonds is home to about 42,700 people and is just a bit over 17 miles north of downtown Seattle. Located along Puget Sound, living in Edmonds means you’re never far from the water and the many activities that come with it. You can explore Edmonds Beach and Brackett’s Landing North, or simply enjoy stunning sunset views over Puget Sound.
The town is also known for its strong arts community, with plenty of art galleries and the Edmonds Center for the Arts, providing a variety of events for artsy folks to enjoy.
Average rent for a studio: $1,710
Average rent for a one-bedroom: $2,000
Average rent for a two-bedroom: $2,620
Distance from Seattle: 14 miles
Apartments for rent in SeaTac
Ranking 10th on our list of affordable Seattle suburbs for apartment hunters is SeaTac. This suburb has a population of 30,700 and is roughly 14 miles south of Seattle.
SeaTac is most well-known as home to the SeaTac International Airport, but there’s plenty to do on an afternoon or weekend. You can explore Angle Lake Park, which boasts a scenic lake stocked for fishing and ideal for boating, making it a great spot for nature lovers of all persuasions. The city also provides convenient access to the Light Rail, allowing making trips into downtown Seattle a breeze.
Average rent for a studio: $1,877
Average rent for a one-bedroom: $2,039
Average rent for a two-bedroom: $2,662
Distance from Seattle: 20 miles
Apartments for rent in Bothell
Bothell is the 11th suburb on our list. You’ll find Bothell about 20 miles northeast of Seattle. Commute times can vary depending on bus routes and traffic, but you’ll still save significantly on rent costs.
Bothell is home to beautiful Bothell Landing Park, a picturesque spot along the Sammamish River with walking trails, a historical museum and a tranquil setting for soaking up the Seattle sun. Beyond that, the McMenamins Anderson School, a historic schoolhouse turned into a unique entertainment complex, offers dining, bars, a movie theater and a pool, making it a great spot to start or end a night on the town.
Average rent for a one-bedroom: $2,050
Average rent for a two-bedroom: $1,915
Distance from Seattle: 7 miles
Apartments for rent in Mercer Island
Taking the 12th and final spot on our list of renter-friendly, affordable Seattle suburbs is Mercer Island. Primarily known for its luxurious homes, its rental prices are surprisingly more budget-friendly than one might expect. On average, you’ll save about $100 a month renting a one-bedroom unit or about $1,000 for a two-bedroom unit. It’s also commuter-friendly, as Mercer Island is a mere 7 miles from Seattle’s city center.
The area is surrounded by the shimmering waters of Lake Washington, offering opportunities for boating, swimming and lakeside relaxation at Luther Burbank Park. The town is also known for its scenic parks and large green spaces, making it an ideal area for renters seeking a peaceful escape from city life without fully cutting the tether to urban conveniences and entertainment.
Remember, if you’re looking to hop over from renter to buyer, make sure to also check out the most affordable Seattle suburbs to buy a home.
Affordability is based on whether a suburb’s one and two-bedroom rent was less than Seattle and under 30 miles from downtown Seattle. Average rental data from Seattle rental market trends on October 26, 2023. Population data sourced from the United States Census Bureau.
Source: rent.com
Inside: Learn how much to effectively patch a tire. Get insights on DIY or professional tire repair to make an informed decision.
You walk outside ready to drive away- only to quickly realize a nail has punctured your tire! This is so incredibly frustrating.
This summer it happened to me not once, but twice!
Not only does it pose a potential safety risk owing to reduced fuel efficiency and poor handling, but it can also substantially disrupt your day by necessitating an unexpected trip to the tire repair shop.
From my experience, you can learn how much patching a tire costs.
Patching a tire involves repairing a puncture in the tread area of the tire. A patch, typically a rubber material, is installed on the inside of the tire after the puncture has been located and repaired.
This tire plug repair method is used to seal the puncture, preventing the tire from losing air, and extending the life of the tire significantly. Patching tires is a cost-effective solution that helps vehicle owners maintain their tires without burning a hole in their pocket.
Patching a tire DIY can cost as little as $6 if you have most of the tools, but having the job done at an auto repair shop, which includes labor time and professional expertise, ranges from $20-$40.
You can patch a tire for free if you go to the company that installed your tires.
Tires suffer damage due to a variety of reasons. One of the primary culprits is road hazards, such as nails, screws, or shards of glass leading to punctures – a scenario that can cause a slow leak or even a sudden blowout if the object creates a large hole.
Bumps in the road, severe weather conditions, improper storage, or simple wear and tear due to age can also result in tire damage. Moreover, tire bead issues, where the bead that holds the tire to the wheel’s rim slips and becomes damaged due to improper inflation, can also give rise to serious issues affecting the car’s ride, handling, and safety.
Regular visual checks of your tires can help spot signs of imminent damage like cuts, punctures, cracks, or bulges.
Ignoring tire damage can lead to serious repercussions. A damaged tire can drastically affect the performance and handling of your vehicle, compromising ride comfort and fuel efficiency.
The most immediate danger, however, is the increased likelihood of a tire blowout. I have been there – remember the Ford Explorer tire issues?1 I was on the highway and thankfully was able to stop safely thanks to another driver who slowed down so my SUV could hobble to the side and roll to a stop safely. The severity of this situation cannot be emphasized enough.
This can happen when driving on a severely damaged or worn tire (or tire malfunction) – a situation that can lead to a serious accident. Additionally, driving with damaged tires can cause uneven wear and tear on other tires, possibly increasing your maintenance costs in the long run. Remember, while the cost of a new tire may seem steep, it’s a worthy investment in your safety.
Locating a leak in a tire involves a careful and systematic process. First and foremost, mechanics use their senses to determine the origin of the leak. They inflate the tire to make it easier to find leaks because the air tends to escape more prominently from them or use a bubble solution. Next, they visually inspect the tire for any cuts, holes, or objects sticking out, like nails or screws.
Aside from a visual inspection, mechanics also listen for a distinctive hissing sound – a clear indication of escaping air. If the leak isn’t immediately visible or audible, a soapy water test can be performed. This involves mixing water and dish soap in a spray bottle, inflating the tire, and spraying the solution over it. Bubbles will begin to form where the air escapes, clearly identifying the location of the leak.
Determining the extent of a puncture is crucial in detecting whether a patch repair will suffice or if a tire replacement is needed. A mechanic will typically measure the size of the puncture; if the wound is larger than 1/4 inch in diameter, a patch may not effectively seal the tire.
The mechanic will also check the location of the puncture. Punctures close to or on the sidewall are usually non-repairable, primarily because the flexing of the sidewall could cause repaired areas to break open. The structure of the tire could also be compromised, making it unfit for a patch.
Any internal damage, such as severe abrasions, penetrations, or bruising, can not be repaired. Certain punctures made by large, sharp objects, or those resulting from a high-speed impact, may also leave the tire beyond repair.
Further, tires that have already undergone a certain number of repairs should not be patched again, as they risk losing their essential strength, leading to possible tire failure while driving.
When you find a nail in your tire, your immediate concern is often: how far can I continue to drive? Though there’s no definitive answer, driving with a nail in your tire isn’t advised. The nail can cause the tire to lose air slowly over time, negatively impacting the vehicle’s fuel efficiency and handling, and even leading to a tire blowout.
While it might be possible to drive for a few miles, or even a few days in some cases (depending on the nail’s size, location, and the tire’s condition), you should address the situation as soon as you notice it to prevent further deterioration.
The safest course of action is to drive slowly and carefully to the nearest tire repair shop. Do not attempt to remove the nail yourself as that could potentially worsen the damage and make the tire irreparable.
Remember, safety should be a driver’s primary concern, not the inconvenience of a tire repair.
When determining whether a tire can be patched, several factors come into play. Here are a few key elements that determine the patch-ability of a tire:
Remember, always bring your tire to a professional for evaluation and repair. Proper inspection and repair are vital to ensuring the continued safety and performance of your tires.
It’s important to understand that not all tire damages can or should be patched. There are situations where patching a tire is not advisable or safe. These situations include:
Always remember, when in doubt about whether to patch or not, consult a professional tire technician to ensure the safety and longevity of your tires.
One of the most advantageous aspects of maintaining your tires is that they can actually be free of charge at the location where you bought your tires.
This service goes a long way in saving their customers’ hard-earned money and reinforces their reputation as a budget-friendly grandstand in the automotive industry.
A substantial part of the tire repair cost at a tire repair shop is majorly attributed to the mechanic’s labor charges. While a tire patch job takes approximately 15 minutes, the cost of shop overhead costs is the biggest expense.
You can expect to pay between $20-$40 for this service. While traveling, we paid $25 to fix a nail in the tire.
However, just remember, that you are paying for the mechanic’s expertise, and time dedicated to the repair which primarily constitutes the cost.
Materials you’ll need are a tire patch kit, a pair of pliers, a car jack, a lug wrench, soapy water, and a spray bottle. Optionally, a tire marker can be useful.
The retail value of these tire repair materials can range around $6. The pricier items would be if you have the supplies to jack up the car or proper wrenches.
Many people who drive beater cars have become good and maintain their car to lower their costs.
Apart from the primary costs of labor and materials, there may be other expenditures while patching a tire. One such possible fee is the cost of tire rebalancing. When tires have been removed and replaced or repaired, they should be rebalanced to ensure smooth and optimal vehicle performance. This service might add around $100 to your overall bill.
Moreover, in some cases, there could be a tire disposal fee. Suppose, after inspection, the professional deems your tire beyond repair and it needs to be replaced, the old tire has to be discarded properly. Many shops handle this disposal but might charge a small fee (usually around $2-$5) for the service.
If you choose to do it yourself, here are the steps to take.
Remember, while the dismounting process might seem easy, it requires careful attention and certain specialized tools. It’s advised to have a tire repair professional handle this job to ensure safety and precision.
Once the tire has been removed and dismounted, the next step involves the application of the tire patch. This process is as follows:
Each patch needs a different type of cement and a different style of application. Thoroughly read and follow the manufacturer’s instructions while applying the specific patch.
Remember, if you don’t feel comfortable doing this process yourself, a professional can easily and quickly do it for you.
After the patched tire has been given sufficient time to dry and cure, it’s ready to be reinstalled. Here’s how it’s done:
Remember that even though patching a tire may seem simple, it requires specialized tools, time, and expertise. If you don’t have the proper tools, it may be more cost-effective and reliable to have the tire patched by a professional.
Routine tire checks and balancing can go a long way in prolonging your tires’ life and reducing the need for patches.
Regular checks help you identify and address minor issues like lower tire pressures, slow leaks, or tire damages early before they worsen into more significant problems. Make it a point to visually inspect your tires at least once a month and before long trips.
Balancing your tires is equally crucial – an imbalanced tire can cause vibrations, uneven tire wear, and strain on the car’s suspension. It is recommended to have your tires balanced every 12,000 miles, or when the car has issues with steering wheel vibrations.
Another critical preventive maintenance task to prolong the life of your tires is timely tire rotations. Rotating your tires can help achieve more uniform tire tread wear, which extends their lifespan and improves your vehicle’s performance.
Typically, tires should be rotated every 5,000 to 8,000 miles or as specified by your vehicle’s manufacturer. During the rotation, tires are moved from one position on the vehicle to another – for example, the front tires to the rear and vice versa.
Since front tires often wear out quicker than rear tires due to weight distribution and turning forces, this rotation helps evenly distribute the wear across all tires. Regular rotations not just prolong your tire lifespan but also improve gas mileage, provide an improved ride experience, and mean you’re less likely to experience sudden tire failure.
I just add this task to my digital planner with how many miles were on the car when the tires were rotated.
Maintaining correct tire pressure is a crucial aspect of tire care that can drastically improve your vehicle’s performance, fuel efficiency, and tire longevity. Both over inflation and underinflation pose risks to the safety and wear of your tires.
Thankfully, many of the newer vehicles will have this in your dash to monitor. The old-fashioned way is to use a reliable tire pressure gauge and refer to your vehicle’s manual or the placard on the driver’s side door post for the correct pressure.
Don’t forget to use your spare tire if the pressure cannot be maintained in the tire.
Indeed, patching a tire may seem an intriguing and rewarding experience, especially for those with a knack for DIY activities. However, even when it looks like an easy fix, tire patching involves meticulous examination, skill, and a proper understanding of safety measures.
Your tires are your vehicle’s sole point of contact with the road, and their health directly impacts your vehicle’s performance and your safety. So whether you’re patching a tire using a tire repair kit at home or taking it to a professional, it’s essential to ensure the job is executed correctly.
Remember, that car is an asset!
When it comes to tires, no quick fixes are worth risking your safety. Here are better ways to start saving money.
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.
Source: moneybliss.org
Step into the time machine and jazz up your kitchen with a touch of retro magic. Decorating your kitchen isn’t just a task for the pros – it’s a cool adventure for anyone who’s up for a bit of fun and self-expression. There’s a whole world of possibilities and decorating styles waiting for you, from different ways to deck out your space to tons of styles to play with.
Sure, following trending designs is easy, but why not kick it up a notch? Throw in some timeless pieces and a few vintage finds, to create the perfect retro kitchen. Retro pieces add character and charm, turning your kitchen into a cozy spot filled with stories and nostalgia. Think of it as turning every meal into a little celebration of togetherness.
It’s a blast from the past – think vintage vibes that draw inspiration from history, trends or even artistic expressions. It covers everything from music and fashion to attitudes. And guess what? You don’t have to limit yourself to the last two decades with your retro kitchen ideas – go ahead, mix and match, and make it your own.
Decorating your kitchen isn’t just about aesthetics; it’s about creating an experience. As you explore these retro-inspired ideas, imagine the stories each element tells. Picture the laughter around the diner-style booth, the ticking of the vintage wall clock and the timeless elegance of mid-century modern appliances. Get ready to unleash your inner retro designer and let your kitchen become a canvas for your unique style with these retro kitchen ideas.
Remember those classic 1950s American diner floors? Well, now you can have them too! Go for a black-and-white checkered floor pattern to capture the epitome of nostalgia. And the best part? Peel-and-stick flooring makes it renter-friendly, so no worries about leaving a mess behind or causing any damage.
If you’re not sure where to start, go for a gallery wall. Retro art is easy to find, whether you’re printing out funky black-and-white patterns or framing vintage family photos. It’s your chance to be the curator of your own time capsule.
Embrace the cool retro vibes with some Coca-Cola decor. From wall clocks to signage, make your kitchen scream “Ice-cold Coke waiting for you!” – a touch of vintage coolness that your guests will love.
If you’re short on wall space, grab a vintage-inspired wall clock. Sure, they might be less popular these days, but they’re the perfect accessory to give your kitchen that timeless touch. Pick one with a charming design to add a dash of elegance to your space.
Hunt for some retro treasures at your local antique store – vintage bar stools! Look for bright colors, chrome accents or vinyl upholstery that screams retro. It’s a quick way to transport your kitchen back in time.
When you’re upgrading your kitchen with modern appliances that rock a retro look, it’s always a good idea to start with midcentury modern furnishings. Brands like SMEG and Forte have got you covered. They combine vintage aesthetics with cutting-edge technology, giving your kitchen that perfect blend of old-school charm and modern convenience. These retro appliances, including a retro fridge, toaster, tea kettle and other retro kitchen accessories, are an investment, meaning you can count on them to stand the test of time.
Bring back the iconic diner seating from the good ol’ days. While it might be a bit tricky, corner breakfast nooks or bench seating give you that retro-inspired feel, blending nostalgia with a touch of contemporary sophistication for the perfect vintage look.
Let there be light – but make it retro! Find fixtures with bright colors or funky shapes to set the mood in your kitchen. Pendant lights, in particular, come in a variety of fun retro options that’ll match your style.
It’s possible to curate a kitchen that’s not just a place to cook but a living, breathing homage to the past. Your vintage-inspired haven isn’t confined by the constraints of time; it’s a space that evolves with you, adapting to new memories while preserving the magic of yesteryear. Get ready to host unforgettable gatherings and create lasting impressions in the coolest spot in town – your very own retro kitchen.
Still looking for that perfect kitchen where you’ll create culinary masterpieces and good memories? Find the perfect place in one of our available apartments.
There’s cautious optimism in the air among area real estate professionals looking into the 2024 home sales market.
If trends continue, they see mortgage rates going down and listings going up.
The key word is “if.”
“Looking ahead to 2024, we anticipate mortgage interest rates to settle in the 6% range, which will attract even more buyers into the market, especially come spring,” said Jeanette Schneider, president of Re-Max of Southeastern Michigan.
“Current homeowners who held onto their home due to a favorable interest rate may decide their interest rate isn’t worth keeping a home that no longer meets their needs, and that should bring a bit more inventory to the market.”
Adds Karen Kage, chief executive officer of Realcomp II Ltd., Michigan’s largest multiple listing service: “We are hopeful for interest rates to continue to trend downward in the new year and consumer confidence levels to rise. As we stand today and look ahead, those are, perhaps, the biggest factors in determining what we might see in 2024.”
Nationally, industry analysts and veterans offer a range of predictions for the upcoming year. Among those:
• Buying a new home will remain expensive, according to Zillow, while Redfin said the median sale price could retreat by 1% in 2024
• The market will still be challenging for first-time homebuyers, but an influx of new apartment units could help manage inflation, according to Lawrence Yun, chief economist for the National Association of Realtors
• Sales of existing homes will rebound in 2025, with home-buying costs leveling off in the second half of 2024, according to investment banker Goldman Sachs
• In Michigan, tech startup real estate tracker Houzeo predicted home sellers will return to the market in 2024 and interest rates will stabilize in the second half of the year.
Locally, Schneider predicted a “slight uptick in home sales in 2024, along with a steady, but moderate increase, in home prices.”
“As boomers consider downsizing, we expect to see more cash offers in the market, providing a challenge for first-time buyers,” she said.
The Press & Guide asked area real estate specialists — with a combined experience of more than seven decades — to size up the market for the next year.
Interviewed for this story are:
• Susie Armiak, Realtor, MBA Realty Powered by Real Estate One, Grosse Ile, three years experience as a licensed Realtor and more than 25 years as a residential home builder
• Eric Blaine, associate broker and branch manager, Dearborn Office, Real Estate One, 10 years experience
• Tracey Solomon, Realtor, Re/Max Masters, Davis/Solomon Realty Group, Flat Rock, more than four years experience
• Maria Starkey, Realtor, Starkey Team, MBA Realty, Grosse Ile, 24 years experience. Also contributing: Michael Starkey, Realtor
• Benjamin Welch, associate broker, Century 21 Curran & Oberski, Dearborn Heights, 18 years experience, including owning and operating Street Rock Management (property management) for five years
Here are edited excerpts of their comments about the year ahead:
Q: Strong demand and tight inventory have defined the real estate market in 2023. How do you see those factors and others shaping the 2024 home sales market?
Armiak: I believe we will continue to see that same trend. Specifically because the higher interests this past year had many sellers/buyers sitting on the fence and new home construction is still behind the demand.
Blaine: Inventory has begun to rise in many markets and is expected to continue that trend in 2024. We expect demand to remain high, as well, and rising inventory will help.
Solomon: Demand is still outpacing supply. Unless this changes, we can expect more of the same seller-weighted market. Election years are historically slower as buyers and sellers may feel unsure about changing economic policy. Post-election, the market typically stabilizes. I suspect that if demand remains high and inventory low, we may not see that expected slowdown. It would be offset by the continued supply/demand pressure.
Starkey: The current market of strong demand and tight inventory is expected to continue into 2024. More buyers than houses continue to be the trend. This is keeping prices in the Downriver market on the high end for homes that are well-maintained and updated. The year ahead will likely continue to be a seller’s market. Homes in need of updating or with deferred maintenance tend to sit on the market longer, resulting in lower noncompeting offers.
Welch: Predicting the 2024 housing market is like forecasting the weather in Michigan – it’s an assumption with a dash of optimism. If interest rates remain the same, the days a home is on the market will continue to increase.
Q: Mortgage interest rates exceeded 7% in 2023. Where do you see mortgage rates in 2024 and how will that affect sales?
Armiak: The most recent Fed meeting stated they would be dropping interest rates three times in 2024 and we are already noticing the benefits of the recently lowered rate, currently at 6.6% for a 30-year fixed rate. (That rate may vary for buyers based on credit score, income and down payment amount.) This rate drop will entice sellers and buyers to make their move. My advice is the sooner the better because it’s going to be crowded in the marketplace once again. Be prepared to make swift and decisive decisions.
Blaine: Rates have held steady for a while and even declined slightly. I expect rates to hold somewhat steady in 2024, allowing more consumers to get off the fence and jump back in the market.
Solomon: Mortgage rates seem to be slowly dropping, which is great news for buyers and sellers. If rates continue to decline, more buyers will enter the market and demand will (again) increase. That will mean a continued shortage of homes and continued pressure on buyers to offer incentives to encourage sellers to accept their offers (fewer contingencies, appraisal guarantees, etc.)
Starkey: Interest rates are anticipated to come down into the 6% range in 2024, which likely will bring more buyers into the market. This may encourage more sellers to list their homes for sale. However, I expect home values will stay steady as demand for homes is expected to continue.
Welch: Increasing interest rates have been a major topic of discussion this year. It appears the Federal Reserve is done with rate hikes and Fannie Mae announced that interest rates could drop into the 6% range by the second quarter. If that happens, I expect a flurry of buyers to hit the market and for home prices to continue to rise.
Q: What is your best advice to potential home sellers for 2024?
Armiak: Connect with an experienced Realtor now to generate your personal marketing strategy. There are multiple items that need to be addressed prior to listing your home. Being prepared will put you in the best position to achieve your goals.
Blaine: It is a great time to sell. Values are up and demand is high.
Solomon: Once you’ve found an agent you trust, listen to their advice. Prepare your home for sale, but don’t overdo it. Timing is everything. Waiting to list until it’s perfect can cost you thousands. Consult your listing agent to prioritize your timing and task list. Utilize a pricing strategy that’s proven effective.
Starkey: Consider taking care of any potential deferred maintenance that could bring down home value. Also, be proactive by having a private home inspection done in advance to address any issues that may come up in a buyer’s private home inspection. This can reduce obstacles throughout the transaction. Last, minimize clutter, reduce excess furnishing that may make the space look smaller and — most importantly — provide a clean home for buyers to tour.
Welch: My advice is to hire a professional so you know all of your options. A professional Realtor will provide guidance, resources and a proven plan to facilitate the sale.
Q: What is your best advice to potential home buyers in 2024?
Armiak: Connect with an experienced Realtor now and begin the pre-approval process with your mortgage lender. It generally takes three months from start to finish. The more prepared you are, the stronger your chances are of getting the home of your dreams. And remember, you can always refinance, but you can’t retrofit the home appreciation value as they continue to rise at an annual rate of 4.7%, per FHFA reports.
Blaine: With value rising — a trend we expect will continue — now is the time to buy before values rise more. Waiting will only cost more and interest rates will not drop enough to help overcome appreciation.
Solomon: Find an agent you trust and communicate your needs and wants. Be financially prepared; your pre-approval matters. Set a home budget that works for your life, not just your balance sheet. Love to travel? Eat out? Give charitably? Factor that in. Adjust your price point to accommodate. (Yes, I’m suggesting you spend less so you can live more.)
Starkey: Get into the market early. Homes are hitting the market every day — not just in spring. Buyers who get a head start should have less competition than those who wait for more homes to choose from. If potential buyers find a home they love, go for it. If interest rates come down, you can always refinance. There are mortgage companies that offer a “no fee” refinance within the first two years of purchase.
Welch: If you are waiting for interest rates to come down before buying a home, it’s time to rethink your strategy. It is best to buy now because if interest rates drop, the number of buyers competing for the home you want will increase significantly, making it more challenging to buy that home.
Q: What communities do you see as most active for home sales in 2024 and why?
Armiak: I believe all communities will enjoy accelerated activity with the promise of lower interest rates, including those looking for second homes and investment properties. We are already seeing an increase in new listings in what is typically known as a quieter time. However, driving factors will continue to be the usual suspects: marriage, family growth, job change, death and divorce.
Blaine: Southeast Michigan markets, including Dearborn, are going to continue strong sales in 2024.
Solomon: Flat Rock, Woodhaven, Wyandotte and Southgate. All show increased values and searches. “Most active” is a hard metric to use as a measurement. A small community won’t show big sales numbers. However, highly rising values and quick list-to-pending sales dates show they are desirable and likely selling at or above asking with appraisal guarantees. Grosse Ile is a good example.
Starkey: The current market of strong demand and tight inventory is expected to continue into 2024. More buyers than houses continue to be the trend. This is keeping prices in the Downriver market on the high end for homes that are well-maintained and updated. The year ahead will likely continue to be a seller’s market. Homes in need of updating or with deferred maintenance tend to sit on the market longer, resulting in lower noncompeting offers.
Starkey: All Downriver communities will be active for home sales in 2024. The communities with more affordable housing for first-time buyers may see more activity as those buyers get away from renting. Of course, we need homes to come up for sale. Many homeowners are getting older and either moving to warmer climates or looking for less housing maintenance. Investors also like to purchase homes to add to their rental portfolio or to renovate and sell. The “step up” housing may not be as active as many of those homeowners are enjoying 2% to 4% interest rates and are feeling very comfortable with their current housing costs.
Welch: During November in the Downriver area, the number of homes for sale declined by 32% compared with previous months. It’s still a competitive market. With interest floating around 7.5%, there are many buyers just sitting on the bench waiting for rates to come down before they make their move. Imagine what it will be like if, and when, that happens.
Source: pressandguide.com
Inside: Looking for the perfect graduation gift? Check out our selection of clever ways to give money. These graduation money gift ideas are fun ways to celebrate.
Graduations signify transitions from one chapter of life to a new groundbreaking journey. This major milestone should be marked with a special gift.
In various cultures, gifting money presents the ultimate creativity, coupled with practicality. It expresses your wishes for the graduate’s prosperity and financial independence.
We have the best graduation money gift ideas just for you.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Graduates are on the brink of venturing into new territories, whether it’s furthering education, taking a gap year, investing in big-ticket items, or moving to kickstart a career. These steps often come along with substantial financial burdens.
A money gift, therefore, becomes a thoughtful and practical gesture.
A survey by the National Retail Federation recorded cash to be the most popular graduation gift, given by 55 percent of participants. In addition, 43% give greeting cards (often with cash inside), followed by gift cards at 32%, apparel at 14%, and electronics at 10%. 1
Hence, money gifts are not just loved by grads but also cherished by friends and family, making them a comprehensive gifting solution.
Creating a money lei as a gift for a graduate is a fun and creative way to give cash. To make the lei, start by folding one-dollar bills in a fan shape, then thread them onto a necklace made of string or yarn.
You can add ribbons, faux flowers, or even banknotes of higher denominations to make it even more special. Learn how to make a money lei from this mom.
A fun and inventive way to present cash as a graduation gift is to create a paper chain out of dollar bills. This concept not only represents an inventive method to gift money, but it also adds a decorative touch to the graduate’s celebration.
You can assemble the chain using dollar bills and a stapler, turning it into a creative money necklace. To make it even more special, include a rosette made out of a larger denomination bill like $20 or $50 with the inscription “Congratulations Grad!”
Get detailed instructions on making a money chain.
Graduations warrant celebration with a cake. How about centering the stage with a splendid DIY graduation money cake? It’s not just a delicious mouthful but also a delightful sight!
This visually humorous and surprisingly straightforward project involves rolling your dollar bills in a circular shape to resemble cake layers. Topped with a mini graduation hat and a congratulatory note, it’s sure to bring smiles for its sheer creativity and attractive bounty.
Better than a diaper cake, and perhaps more loved than a real cake, a money cake makes a clever centerpiece and a graduation gift. Use our inventive DIY money cake ideas to draw inspiration from to build a money masterpiece. Add a personal touch by incorporating your graduate’s favorite colors, stickers, or little decorative items that reflect their personality or interests.
Adding a creative twist to your monetary gift can make it even more memorable too. Spiraling money into a puzzle box, the recipient must solve the puzzle to claim their cash – this adds an element of excitement and challenge. You can choose a puzzle that suits the graduate’s interest, making this fun idea even more personal and thoughtful.
Secret compartments that hold hidden treasure. The recipient must learn how to crack the puzzle to open the secret box.
This graduation money jar by Must Have Mom not only serves as an impressive cash gift but, courtesy of the graduation cap, neatly doubles as a party decoration too. Handmade with love, filled with cash, and resonating with the graduation spirit – what’s not to like?
Fill the Mason jar with rolled-up bills, each ingeniously crafted to resemble mini diplomas. Secure these ‘diplomas’ with bright ribbons for color pop. Add some coins to represent the small steps it took to achieve this big milestone. Top it up with a mini graduation cap, which you can easily craft with black cardstock and an adorable tassel.
And the best part? It might even inspire your graduate to save!
Who doesn’t love pizza? Break up the monotonous way of handing over cash in a dull envelope by presenting it in a faux pizza box. Yes – you read that right! The pizza box filled with cash is an ingenious idea that adds a mix of humor, surprise, and cash!
Craft a pizza out of money bills, each piece folded and clipped like a pizza slice. Etsy and Simplistically Living suggest adding red paper circles with quarters on top for that real pepperoni look.
Learn how to make a pizza is the dough gift.
The graduation money box gift pull bears a unique resemblance to a Kleenex box, offering a creative way to gift money to graduates.
This fun and interactive gift involves attaching money bills end-to-end using transparent tape and then neatly rolling them into a tissue box such that the top bill resembles a tissue ready to be pulled. Decorate the box to give it a celebratory touch, and as the graduate pulls out what they think is a tissue, they’d be pleasantly surprised to find a continuous roll of money instead.
The art of origami takes to gifting, adding a personal touch to the otherwise cliched act of gifting cash. Enter the money shirt and tie origami – a creative, fun, and super unique graduation gift.
This cleverly folded shirt and tie ensemble is made from a dollar bill. An epitome of the exciting transition from lecture halls to corporate corridors, it resonates with the graduate stepping into professional life. The stitched proverb “Clothes make the man” truly shines out here, for this crisp white money shirt is undoubtedly a charming symbol of maturity and real-world readiness. Add a quarter or a dime to resemble a metallic tie-pin.
For an in-depth tutorial on how to fold a dollar bill into a shirt and tie, you can look up directions here.
In line with the adage, “Money doesn’t grow on trees,” we introduce you to a tongue-in-cheek yet highly symbolic take on this phrase. The Money Tree! (yep, I love to prove my dad wrong!)
This is a creative and innovative way of presenting cash as a gift. It’s also a symbolic nod towards the idea of financial growth and prosperity for the graduate, subtly wishing them monetary abundance throughout their journey.
Looking for a fun and quirky way to present money to the graduates on their big day? How about incorporating a little Asian flair and a dash of fun with a Fortune Cookie Money gift? This surprising and unique concept makes for a perfect impression!
The money fortune cookie idea, courtesy of The Paper Mama, is an attractive alternative to age-old gifting methods. Fold your money bills into the shape of fortune cookies and slip them inside a takeaway Chinese box for the ultimate presentation.
Elevate this gift by including a heartfelt note or some thoughtful advice inside each fortune cookie, just like the actual fortune cookies come with hidden messages. Each ‘cookie’ is also a symbol of luck and prosperity.
A Zip-Open Money Holder serves as a stylish and functional way for men to handle their cash, making it a perfect gift for graduates, birthdays, or festive occasions. The design allows for secure storage, and the feature of easily displaying cash by unzipping adds a hint of excitement to the gift-giving process.
With a myriad of styles ranging from minimalist to flashy, you can match the recipient’s personality perfectly.
Imagine a rustic shadow box or a sleek modern frame housing a neat arrangement of cash bills under the caption “In Case of Emergency Break the Glass.”
Add a personal touch by including a caring note like “If you ever need help, I’ll be there for you.” This not only gives the impression of a safety net but also reassures them of your ongoing support.
It’s unconventional cash gifting, fun, practical, and literally, their savior ‘in case of emergency’.
A truly unique and memorable way to gift money to graduates is to tuck it inside balloons, creating surprising cash confetti.
This sneaky method not only redefines the act of gift-giving, but also adds a fun and exciting element, as the receiver pops the balloon to discover their monetary gift within.
Check out how to make money balloons.
Time for a lovely bath with a hidden surprise! A fantastic way to hide money especially for teen girls!
This unique gift idea of bath bombs also is made with all natural and vegan skin care products. Perfect for small budgets!
Building upon this digital-age trend, Venmo introduced the “gift wrap” option, which transforms your usual cash transaction into an endearing cash gift. The payment comes with a short but heartfelt animated GIF intro, which makes the receipt of money all the more special for the recipient.
While Venmo currently does not offer graduation-specific designs, you may utilize the “Just Because” message. Personalize it in your own words, making it relevant to the graduation context. Conveying your wishes and love instantly uplifts the otherwise mechanical act of transferring money.
This digital-age money gift version is ideal if you’re miles apart on your loved one’s Big Day. Despite the physical distance, with Venmo and other such apps, you’re just a few clicks away from blessing the grad with your love, congratulations, and of course, monetary gift.
A money tree spruced up with various gift cards is an innovative and exciting way to offer a present. This method is not just creative but offers a tangible and enjoyable surprise that surely excites the recipient.
Don’t miss out on purchasing a mix of gift cards from different retailers, topping the whole experience up with a variety of potential shopping sprees. This thoughtful gesture is sure to be appreciated and remember to add a personal touch for an unforgettable gift.
For a unique and crafty gift presentation, consider placing your gift card inside a mini graduation cap box. This personalized touch not only adds an element of surprise but also highlights the sentimentality of the occasion.
A unique and sweet way to gift money is by using a glass jar filled with a person’s favorite sweets or candies. Start by choosing a sturdy glass jar, and flood it with your recipient’s beloved candy.
The trick lies in tucking some cash amongst the treats, creating a delightful surprise for the recipient. You can even add a personal touch and a festive aura by attaching a note or decorating the jar appropriate to the occasion, be it graduation, birthday, or holiday.
Learn how to add an element of surprise to your money gift with a glass jar and sweets/candy,
Everyone loves McDonald’s fries, but have you ever thought of gifting them in money form? The McDonald’s Money French Fries gift idea brings a unique blend of humor and surprise to your graduation gifting game.
This quirky idea involves emptying a McDonald’s french fry container and refilling it with neatly folded bills that mimic yummy fries. This arrangement can be topped off with a note adding to the humor such as, “Did Ronald McDonald ever tell you to keep the change?” or “Want cash fries with that?”
This fun-filled concept comes from Making Memories with your Kids , adding a light-hearted spin to the routine money gifting. Graduates would appreciate this unusual fusion of their fav fast-food chain and a monetary jump-start.
Redefining flower gifting, meet the impressive Money bouquet, an intelligent amalgamation of art, appeal, and worth sure to impress any graduate.
Make the graduation day extra special by gifting your grad a bouquet of flowers with a twist. This project only requires folding skills and a little creativity. Gently roll your money bills to build the cake, then purchase your grad’s favorite flowers.
Plus you can buy the money bill holder on Etsy to make this project easier.
Everyone loves to receive a bouquet of roses! This money gift idea is hidden within the gift. Very attractive present.
This Bouquet is sure to wow for any occasion!
Consider the charm of hiding money in crayons, an ingenious nod to the recipient’s childhood.
This unique gift idea not only brings back the delightful memory of days spent drawing and coloring with wax sticks, but it also symbolizes the progress the graduate has made, transitioning from using crayons as a child to earning money as an adult.
Learn how to make money crayons.
Express your confidence in the graduate’s future and support their goals with an investment gift. A 529 college savings plan or an investment account is an excellent idea that not only shows your trust in the graduate but also your commitment to their future.
Many grads don’t know how to invest in stocks. So, this may be a great chance to teach them.
It’s not just about money but also a testament to your confidence in them and their dreams. An investment in their future is an invaluable graduation gift that is sure to be appreciated. It’s symbolic, purposeful, and plays a significant part in sculpting their future.
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Why make a cake when you can make a money cake? It’s an eye-catching centerpiece, a conversation starter, a whole lot of fun, and a cash gift all in one. Inspirations turn dollar bills spiral into a multi-tier cake, complete with a graduation hat on top and maybe even whipped cream at the edges.
“Bake your success,” or let’s say, “Stack your success,” by creating a money cake for your graduate. So, let your creativity flow and gift a homemade cake that’s literally a slice of liquid net worth!
Don’t want to make a real cake? Then, opt for the easy solution with a money cake pull out kit! Perfect surprise for graduates with the most versatile and widely-appreciated gift of them all: cash?
We know how you can do it in style: the amazing money cake dispenser, an incredible accessory that you will use on endless occasions.
This complete cash dispenser set includes the special box, cake topper, 1 plastic roll with 50 connected pockets, and printed instructions.
Graduation is a momentous occasion and deserves a unique token of appreciation and celebration. Money gift ideas for graduation give you plenty of innovative ways to express your well-wishes, support, and belief in the successful road ahead for the graduate.
Whether it’s a Money Cake, Emergency Cash Inside Picture Frame, a McDonald’s Money French Fries, a Money Rosettes bouquet, or a Venmo payment with a personal message, you’re sure to leave a lasting impression.
Each of these ideas adds a fun and creative spin to the traditional act of gifting money.
Regardless of the amount, it is the thoughtfulness and creativity that will be remembered most by the graduate. I still remember ways I received money that was given unusually.
So, which is your favorite, and what novel money gift would you create for your loved one’s graduation?
Make sure to include these financial adults for young adults as wise wisdom.
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.
Source: moneybliss.org