The defaults have already resulted in losses for some investors. In one high-profile case, debt holders of a AAA-rated building in midtown Manhattan lost over 25% of their original investment after selling the bonds at a significant discount – the first loss of its kind since the 2008 financial crisis. The situation could worsen as … [Read more…]
The best time to rent an apartment for lower rates is during winter (October to April) when rates and demand are lowest, especially from January to March.
The best time to look for an apartment before moving is in the middle of the month before your official move month.
The real estate market is seasonal, so being aware of these patterns can impact the ease of your search and the rental price you’ll pay.
Whether you’re moving to an apartment in LA during the summer or looking for a rental in NYC in the winter, timing can significantly impact your apartment rental experience. The real estate market is both cyclical and seasonal, with variations that affect rental prices and availability.
While winter is best for lower rental rates and less competition, summer is best for a larger selection of available apartments. Whether you’re looking to save money or have a wider selection to choose from, it all comes down to your priorities, and understanding these market trends can help you make an informed decision.
Winter is best for lower rental rates
Winter is the ideal time to find lower rental rates and secure budget-friendly deals on apartments. From October through April, the demand for apartments significantly drops. This decrease in demand leads to reduced rental prices as landlords and property managers strive to fill vacant units. During these slower months, they are often more willing to negotiate and offer attractive incentives to attract tenants.
For example, in January, the average rental price in New York was approximately $4,064. In contrast, during the summer, prices increased to around $4,726 in June, which is an increase of $662, or roughly 16.3%. Therefore, if cost savings are your top priority, winter is the best time to start your apartment search.
Summer is best for more rental listings
Summer is the peak season for apartment hunting, offering a broader selection of available apartments. From May to September, the rental market experiences significant turnover as many leases end and new ones begin, resulting in higher inventory. This influx of available units provides renters with a wide variety of options to choose from, including different sizes, styles, and locations.
While rental rates tend to be higher during these months due to increased demand, the abundance of listings makes it easier to find a place that meets your specific needs and preferences. Additionally, moving during the summer months can be more convenient due to longer daylight hours and more predictable weather. For those prioritizing selection and variety, summer is the optimal time to search for an apartment.
Renting an apartment in the Fall or Spring? Here are the pros and cons
Renting apartments in the Fall
Pros:
Lower rental rates: As the peak rental season winds down, landlords may be more willing to negotiate lower rents or offer incentives such as a free month’s rent or reduced security deposits to fill vacancies before the slower winter months.
Lower competition: There are fewer people moving during the fall compared to the summer, which means less competition for available units. This can give you more time to consider your options without the pressure of making a quick decision.
Mild weather: The weather in the fall is generally mild, making the moving process more comfortable compared to the extreme heat of summer or the cold of winter.
Cons:
Limited inventory: The number of available listings tends to decrease after the peak summer season, which can limit your options for finding the perfect apartment.
Lease overlap: If you are currently in a lease that ends in the summer, moving in the fall may require you to break your existing lease or manage a period of overlapping leases, which can be costly.
Renting apartments in the Spring
Pros:
Increased inventory: Spring marks the beginning of the peak rental season, with many leases ending in the summer. This results in a higher number of available listings, providing you with a wide variety of options to choose from.
Best weather: Spring offers pleasant weather conditions, making it an ideal time for moving and apartment hunting. You can explore neighborhoods and visit potential apartments without the discomfort of extreme temperatures.
Cons:
Higher rental rates: As demand increases during the spring, rental rates tend to rise. Landlords are less likely to offer discounts or incentives, and you may end up paying a premium for your new apartment.
Increased competition: The influx of renters looking to move in the summer means more competition for available units. You may need to act quickly and be prepared to make decisions on the spot to secure a desirable apartment.
Remember: Different cities have different peak times
The general trends for when to rent an apartment hold true, but peak rental seasons can vary significantly depending on the city. For instance in college towns, the best time to look for an apartment is often right after the school year starts in September, with many leases becoming available at the end of the school year in early spring.
In cities like New York, peak rental activity occurs in the summer, while in places like Miami and Atlanta, the high season extends from May through November and may not see as intense of a spike. Understanding these regional differences can help you strategically plan your apartment search to find the best deals and most suitable options for your needs.
Best time to rent and apartment FAQs
What time of year is rent the cheapest?
If your main concern is saving money, the cheapest time to rent an apartment is during the winter, especially in November. During the holiday season, less people are moving, resulting in lower demand and rental rates. While you might have fewer choices of available apartments since most leases end in the summer, landlords are often more willing to offer lower rental rates and concessions, such as skipping the security deposit or offering better deals on utilities, to avoid having units sit empty.
What is the best time of the month for apartment hunting?
The best time of the month for apartment hunting is generally in the middle of the month. This timing is strategic because many leases end at the end of the month, and landlords start listing new vacancies and preparing units for new tenants around the middle of the month. By beginning your search mid-month, you can get a head start on newly available listings. This helps you avoid the rush at the end of the month when many others are also looking to secure new rentals.
What time of the month do most apartments become available?
Most apartments become available at the beginning of the month. This is primarily because leases typically end on the last day of the month, and new tenants often move in at the start of the new month. Consequently, landlords and property managers prepare for turnover during this period, listing new vacancies and getting units ready for incoming tenants. To maximize your chances of finding an available apartment, it is beneficial to start your search a few weeks before the end of the month and be ready to act quickly as new listings appear.
How early should you look for an apartment?
You should start looking for an apartment about 30 to 60 days before your desired move-in date. This time frame allows you to explore various options, complete necessary paperwork, and arrange for any needed moving logistics without feeling rushed.
What is the best time of day to search the rental market?
If you want to get really specific, the best time to check online listings is between 9 and 10 a.m. Why? That’s when property managers are most likely to post new apartment listings for recently vacated rentals. You can strike while the iron is hot.
Rental data and prices is from Redfin and was pulled in June 2024
Thinking of making the Centennial State your new home? Colorado offers residents stunning natural landscapes, vibrant urban centers, and a thriving tech industry, making it a top destination for newcomers. Whether you’re browsing homes for sale in Denver, considering renting in Boulder, or exploring houses for rent in Fort Collins, here’s what you need to know before moving to Colorado.
Colorado at a glance
From the majestic peaks of the Rocky Mountains to the serene beauty of the Great Sand Dunes, Colorado caters to both outdoor enthusiasts and city dwellers. The largest cities, Denver, Colorado Springs, and Aurora, are vibrant hubs of cultural activities and economic opportunities. The state’s economy thrives on sectors such as energy, technology, aerospace, and healthcare, with major companies like Ball Aerospace and Arrow Electronics headquartered here. Colorado’s rich cultural scene features world-class museums, renowned music festivals like the Telluride Bluegrass Festival, and diverse cuisine, including farm-to-table dining and craft breweries.
Affordable living options in cities like Fort Collins and Pueblo make Colorado an enticing choice for those seeking both quality of life and economic opportunity. Whether exploring the breathtaking Rocky Mountain National Park, hiking in Garden of the Gods, or experiencing the local culture in historic towns like Durango, Colorado offers a dynamic and rewarding lifestyle.
1. You’ll need to acclimate yourself with the high elevation
Moving to Colorado means adjusting to its high altitude, which averages over 5,000 feet. Many newcomers experience altitude sickness, with symptoms like headaches and fatigue. To help your body adapt, spend your first week taking short hikes, like the easy trails at Cherry Creek State Park, and drink plenty of water. Gradually increasing your physical activity can make a big difference, especially before tackling more strenuous hikes in places like Rocky Mountain National Park.
Insider tip: Try to arrive a few days early before starting any strenuous activities. Focus on hydration and eating light meals to help your body adjust. Local shops often sell oxygen canisters—having one handy can provide relief during your first few days.
2. Living in Colorado’s major cities can be expensive
Cities like Denver and Boulder have seen housing prices soar, with average rents in Denver exceeding $2,000 for a one-bedroom apartment. The median home sale price for Denver is $617,500 which is well above the national median of $438,441. If you’re looking for more affordable options, consider cities near Denver, where you can find charming homes and easy access to the city. Additionally, cities like Grand Junction and Loveland offer more budget-friendly boasting median home prices of approximately $465,000 and $500,000. Understanding the local housing market, including these surrounding areas, is crucial for finding a place that fits your budget.
Explore the best places to live in Colorado to get a comprehensive view of what the state has to offer.
3. You’ll want a car to get around the state
While the Denver metro area offers a decent public transportation system, having a car is essential for exploring Colorado’s breathtaking landscapes. Destinations like the stunning Garden of the Gods or the historic mining town of Leadville are best reached by car, allowing you to experience the state’s natural beauty at your own pace. Plus, having a vehicle makes weekend getaways to ski resorts like Breckenridge or Steamboat Springs much more convenient.
4. Colorado has a booming tech industry
The state is rapidly becoming a tech hub, especially in cities like Boulder and Denver, where startups and established companies thrive. For example, companies like Google and Slack have major offices here, attracting a skilled workforce. The annual Boulder Startup Week and Denver Startup Week showcase innovation and provide networking opportunities, making Colorado an exciting place for those looking to grow their careers.
5. The weather can change rapidly in the state
Colorado is infamous for its unpredictable weather, with sunny mornings turning into snowstorms by afternoon. For instance, a spring day in Salida can start off warm, only to see snowflakes falling by evening. Investing in layers and keeping an umbrella handy is wise, particularly if you’re planning to hike in places like Mount Falcon Park, where conditions can shift dramatically.
Travel tip: Always keep a “go bag” in your car with essentials like a warm jacket, snacks, and water. This way, if you’re out exploring and the weather turns, you’ll be prepared for unexpected changes. Also, check local weather patterns for the area you’re visiting—mountain regions often have different conditions than the city.
6. Coloradoans are known for their active lifestyles
The state’s residents embrace an outdoor-oriented culture, often hitting the trails after work or on weekends. Activities like hiking the scenic Flatirons in Boulder or biking along the Cherry Creek Trail are common. Community events like the Denver Century Ride or the Colorado Relay encourage participation and foster a strong sense of community among fitness enthusiasts.
7. There are over 300 days of sunshine annually
With more than 300 sunny days each year, Colorado’s climate is perfect for outdoor adventure. This abundance of sunshine not only makes for great skiing in the winter but also means you can enjoy activities like hiking in places like Red Rocks Park year-round. Local festivals, such as the Great American Beer Festival, benefit from this sunny weather, drawing crowds to enjoy the outdoors.
While the sunny climate is a major advantage, it’s important to weigh the pros and cons of living in Colorado before deciding to make this state your home.
8. The craft beer scene is thriving
Colorado is home to over 400 craft breweries, making it a paradise for beer lovers. Cities like Denver host annual events like the Denver Beer Fest, where you can sample local brews and meet passionate brewers. Notable breweries like New Belgium and Odell Brewing in Fort Collins are known for their innovative flavors and sustainable practices, reflecting the state’s commitment to quality and environmental responsibility.
Insider scoop: Look for the “Passport Program” offered by many breweries in Colorado. It rewards you for visiting various locations—complete the passport and you could earn free merchandise or discounts.
9. Colorado’s ski resorts are known worldwide
The state’s ski resorts, such as Aspen, Vail, and Telluride, attract winter sports enthusiasts from around the globe. With terrain that caters to all skill levels, you can experience world-class skiing and snowboarding while enjoying breathtaking mountain views. The annual X Games held in Aspen showcases top athletes and thrilling competitions, making Colorado a premier destination for winter sports.
Insider tip: Explore less crowded resorts like Loveland or A-Basin for great skiing without the long lines, and be sure to check for weekday discounts that many resorts offer.
10. The state has a strong emphasis on eco-friendly living
Many Colorado communities prioritize sustainability, promoting initiatives like recycling, composting, and the use of renewable energy. The city of Boulder, for example, aims to reduce emissions by 70% by 2030, with numerous programs encouraging residents to reduce their carbon footprint. Local farmers’ markets and eco-conscious events, such as the Boulder Creek Festival, celebrate this commitment to the environment.
11. Colorado’s red rocks are a natural wonder
The stunning red rock formations in Red Rocks Park and Amphitheatre are a sight to behold. This natural amphitheater not only hosts major concerts but also offers hiking trails with breathtaking views of the surrounding landscape. The park’s unique geology attracts photographers, nature lovers, and fitness enthusiasts alike, making it a must-visit for anyone new to the area.
Travel tip: Arrive early in the morning to beat the crowds and enjoy a peaceful hike on the Trading Post Trail, which provides stunning views and unique rock formations.
12. Colorado is very dry
Colorado’s semi-arid climate means lower humidity levels, which can feel quite different for newcomers. This dryness can lead to skin and respiratory issues, so it’s essential to stay hydrated, especially during outdoor activities. Using a humidifier in your home and applying moisturizer regularly can help you adjust to the arid environment, particularly in the winter when the air is especially dry.
Methodology
Population data sourced from the United States Census Bureau, while median home sale prices, average monthly rent, and data on affordable and largest cities are sourced from Redfin.
You can actually get paid to go to college. Did you know that? Scholarships, grants, and loans can help, but some programs offer direct payments for attending school. This article will explore the best ways to earn money while studying and provide tips to maximize these opportunities.
Federal Work-Study Program
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The Federal Work-Study Program offers part-time jobs for students with financial need. It helps cover college expenses while providing valuable work experience. By participating, you can earn money to pay for tuition, books, and living costs, reducing reliance on student loans.
Find Tuition-Free Schools
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Tuition-free schools offer financial aid and scholarships covering the entire cost of attendance. While they often have strict requirements, they provide an opportunity to attend college without accumulating student loan debt. Researching and meeting eligibility criteria can help you access these programs and save money on your education.
Learn More: How to Pay for College Without Loans and Student Debt
Scholarships
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Scholarships provide financial assistance to college students, reducing the need for student loans. With numerous scholarships available, students can access funds for tuition, books, and living expenses. By applying for scholarships, you can secure additional income to support your college education and minimize the financial burden.
Learn More: What is the Scholarship System? Plus Q&A with the Founder
Military Tuition Benefits Program
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The Military Tuition Benefits Program assists service members and veterans in paying for college. It covers tuition, fees, and other educational expenses, reducing reliance on student loans. By fulfilling military service requirements, you can access financial assistance and pursue your education without accumulating significant debt.
College Tuition Reimbursement Programs
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Corporate tuition reimbursement programs offer financial support for employees pursuing higher education. Employees can receive reimbursement for tuition costs, minimizing the need for student loans. By taking advantage of these programs, you can invest in your education without incurring substantial debt, enhancing your earning potential and career advancement opportunities.
Learn More: How to Pay for College Without Parents Help
Pell Grant Program
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The Pell Grant Program provides federal financial aid to eligible undergraduates based on financial need. By completing the FAFSA, students can access Pell Grants to cover college expenses without relying on student loans. This program offers essential support for students pursuing higher education, helping them achieve their academic goals and minimize financial stress.
Learn More: Do You Have to Pay Back Financial Aid? FAFSA Answers
Teacher Education Assistance for College Students (TEACRS) Program
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The TEACH Grant Program offers financial aid to students pursuing careers in education. By serving in high-need areas, such as low-income schools, students can access grant funding to cover college expenses. This program supports aspiring educators, enabling them to pursue their passion without accumulating excessive student loan debt.
Armed Forces Health Professions Scholarship Program (HPSP)
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The HPSP provides scholarships to individuals pursuing careers in the health professions. By joining the Armed Forces, recipients receive financial support for tuition, fees, and living expenses. This program offers valuable training and experience while reducing the financial burden of higher education, making it an attractive option for students seeking to minimize student loan debt.
Internships
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Internships provide students with real-world experience and potential income opportunities. Paid internships offer compensation while helping students gain industry knowledge and build professional networks. By securing paid internships, students can earn money to support their college education, reducing reliance on student loans and enhancing their career prospects upon graduation.
Learn More: Best Side Hustles for College Students: Ideas for Fast Money
Ask For Tuition Discounts
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Requesting tuition discounts can lower the cost of college education. Many colleges offer discounts based on financial need or academic performance. By researching discount policies and reaching out to financial aid offices, students can access additional funding to cover college expenses. This proactive approach helps minimize student loan debt and maximize financial support for higher education.
More Ideas on How to Get Paid to Go to School
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Discover additional strategies to earn money while attending college. Explore various opportunities, including scholarships, grants, internships, and tuition discounts, to minimize reliance on student loans and enhance your financial well-being. With careful planning and resourcefulness, you can achieve your educational goals while mitigating the financial challenges associated with higher education.
To learn more: How to Get Paid to Go to School: 18 Ways to Get Paid to Attend College
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The homebuying process can seem confusing and overwhelming, especially since there are so many moving parts to consider.
Making a down payment is just one part of the process. While it has long been a notion that you needed to put at least 20% down in order to buy a home, findings from a National Association of Realtors report indicate that the average down payment on a home or condo in 2021 was actually 12% — for homebuyers under the age of 30, the average down payment was just 6%.
It’s important to note that if you make a down payment of less than 20%, you’ll typically be charged Private Mortgage Insurance, or PMI, until you build 20% equity in the home. That said, making a lower down payment can present some advantages. For one, doing so allows you to reserve more of your savings upfront for closing costs, lender fees, renovations that may need to be done in the home and other moving expenses.
CNBC Select rounded up five mortgage lenders that do not require a large down payment, evaluating lenders based on the types of loans offered, customer support and minimum down payment amount, among other factors (see our methodology below.) As always, do your homework ahead of time so you can be sure you’re choosing the lender that best suits your needs, whether you’re a first-time homebuyer or purchasing an investment property.
Compare offers to find the best mortgage
The best small down payment mortgages
Best for flexible down payment options
Chase Bank
Annual Percentage Rate (APR)
Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included
Types of loans
Conventional loans, FHA loans, VA loans, DreaMaker℠ loans and Jumbo loans
Terms
10 – 30 years
Credit needed
Minimum down payment
3% if moving forward with a DreaMaker℠ loan
Terms apply.
Offers first-time homebuyer assistance?
Pros
Chase DreaMaker℠ loan allows for a slightly smaller down payment at 3%
Discounts for existing Chase customers
Online support available
A number of resources available for first-time homebuyers including mortgage calculators, affordability calculator, education courses and Home Advisors
Cons
Doesn’t offer USDA loans or HELOCs
Who’s this for? Chase Bank offers down payment options as low as 3% if you apply for the DreaMaker home loan — for comparison, an FHA loan requires borrowers to make a 3.5% down payment.
While the DreaMaker loan is designed especially for those who can only afford to make a small down payment, it also comes with stricter income requirements compared to some of the other available loans. According to Chase, the annual income used to qualify customers must not exceed 80% of the Area Median Income, or AMI, for instance.
In addition to the DreaMaker loan, Chase also offers a conventional loan, FHA loan, VA loan and jumbo loan — USDA loans and home equity lines of credit, or HELOCs, are not offered by this lender. The VA loan requires a down payment minimum of 0%, which tends to be the standard rate for these types of loans. Much like other lenders, Chase has a minimum credit score requirement of 620 for its mortgage options.
Chase offers mortgage terms that range from 10 years to 30 years, as well as fixed rate and adjustable-rate mortgages, or ARM. Discounts are also offered for existing customers, although the requirements are rather high: To receive $500 off your mortgage processing fee, you’ll need to have $150,000 to $499,999 between Chase deposit accounts and Chase investment accounts, while having $500,000 or more in these accounts can result in up to $1,150 being taken off the processing fee.
Best for a VA loan
Navy Federal Credit Union
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans, adjustable-rate mortgage
Terms
10 – 30 years
Credit needed
Not disclosed but lender is flexible
Minimum down payment
0%; 5% for conventional loan option
Terms apply.
Pros
0% downpayment for most loan options
flexible repayment terms ranging from 10 years to 30 years
Offers refinancing, second-home financing and loans for investment properties
No PMI required
Fast pre-approval
RealtyPlus program allows applicants to receive up to $9,000 cash back
Cons
Must be a Navy Federal Credit Union member to apply
Who’s this for? Navy Federal Credit Union provides the most benefits to current or retired members of the Armed Forces who have signed up for a Navy Federal Credit Union membership (immediate family members are also eligible).
This lender offers VA loans with the option to pay 0% down and contribute up to 4% of the home’s value toward closing costs. Another option, the Military Choice mortgage, has similar guidelines to the VA loan, such as no PMI and a 0% minimum down payment, but allows sellers to contribute up to 6% of the home’s value toward closing costs.
Homebuyers can also use the RealtyPlus program to buy a home and receive up to $9,000 in cash back. Private mortgage insurance, or PMI, is also not a requirement for a low down payment on a mortgage through this particular lender.
While this lender doesn’t disclose its required minimum credit score, it does work with members to analyze their circumstances and find the right mortgage fit for them, making Navy Federal Credit Union a potentially more flexible lender if your credit score is on the lower side.
Best for no lender fees
Ally Home
Annual Percentage Rate (APR)
Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included
Types of loans
Conventional loans, HomeReady loan and Jumbo loans
Terms
15 – 30 years
Credit needed
Minimum down payment
3% if moving forward with a HomeReady loan
Terms apply.
Pros
No lender fees
Preapproval in as little as three minutes
Available in all 50 states
HomeReady loan only requires a 3% down payment
Cons
No FHA, USDA or VA loans
No home equity line of credit (HELOC) loans
No physical branches
Who’s this for? Ally Bank offers a HomeReady mortgage program that is geared toward low- to mid-income homebuyers regardless of whether it’s their first time or if they’re a repeat buyer, allowing you to put down as little as 3% for a down payment. Applicants must have a debt-to-income ratio of no more than 50%, their income must be equal to or less than 80% of the area’s median income and at least one borrower must take a homeowner education course.
It’s common for lenders to charge several fees during the mortgage application process, including an application fee, an origination fee, a processing fee and an underwriting fee, which can end up costing a significant amount during the homebuying process. While Ally doesn’t charge any of those fees, you may still have to deal with appraisal fees and recording fees, or pay for title searches and insurance.
It’s possible to get pre-approved for a loan in as little as three minutes online and submit your application in just 15 minutes, as long as you have all the necessary documents handy.
While Ally also offers a jumbo loan option, note that FHA loans, VA and USDA loans are not available through this lender. Customers can also choose between fixed rate and adjustable rate mortgages, and 15-year, 20-year and 30-year loan terms.
Best for specialized loan options
PNC Bank
Annual Percentage Rate (APR)
Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included
Types of loans
Conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, HELOCs, Community Loan and Medical Professional Loan
Terms
10 – 30 years
Credit needed
Minimum down payment
0% if moving forward with a USDA loan
Terms apply.
Pros
Offers a wide variety of loans to suit an array of customer needs
Available in all 50 states
Online and in-person service available
Cons
Doesn’t offer home renovation loans
Who’s this for? USDA loans allow homebuyers to make a 0% down payment to purchase their home. It’s sometimes tough to find lenders that offer these types of loans in addition to other standard mortgage options, but PNC Bank does include USDA loans in its lineup.
To apply for a USDA loan with PNC Bank, you must be purchasing a home in a qualifying rural area. If you’re not interested in a USDA loan, this particular lender also offers conventional loans, FHA loans, VA loans, jumbo loans and a PNC Bank Community Loan, a special program that allows homebuyers to put down as little as 3% (without paying private mortgage insurance) and choose between fixed-rate and adjustable-rate mortgage terms.
This lender also offers a special loan option geared toward medical professionals who are looking to buy a primary residence only. With this loan, medical professionals can apply for as much as $1 million and won’t have to pay private mortgage insurance regardless of their down payment amount. They can also choose between fixed-rate and adjustable-rate terms.
It’s possible to get online pre-approval in as little as 30 minutes as long as you have all the documentation available on hand.
Best for no PMI
Citibank Mortgage Account
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, FHA loans, VA loans and Jumbo loans
Terms
15 – 30 years
Credit needed
Minimum down payment
Terms apply.
Pros
Citi’s HomeRun Mortgage program allows for a downpayment as low as 3%
Citi’s Lender Assistance program gives eligible homebuyers a credit of up to $5,000 to use toward closing costs
Ability to choose between fixed-rate and adjustable-rate mortgages
New and existing Citi bank customers can qualify for closing cost discounts based on their account balance
HomeRun mortgage program allows for a downpayment of less than 20% without PMI
Provides homeownership education and counseling
Cons
No options for a 0% downpayment
Existing customers need high account balances to receive some of the highest interest rate discounts
Who’s this for? Private Mortgage Insurance, or PMI, is typically a required monthly charge if you make a down payment of less than 20% for your home. While it can eventually be waived once you’ve made enough payments to build up 20% equity in your home, PMI can still easily eat into your monthly budget before that point.
Those who apply for a mortgage through Citi’s HomeRun program can make down payments as low as 3% without having to pay monthly PMI. HomeRun mortgages also allow you to lock in a fixed rate on your loan so you won’t have to worry about potentially being charged even more interest down the line. This mortgage option is also ideal for those who need to borrow up to $726,200 — or up to $1,089,300 if you reside in Hawaii or Alaska. If you’re looking for a jumbo loan, here are four mortgage lenders you should consider.
Aside from the HomeRun program, Citi also offers discounts for anyone interested in its other mortgage loans. Citi is currently offering a $500 credit toward your closing costs when you apply for a Citibank Mortgage Account.
FAQs
What is pre-approval and how does it work?
Pre-approval is a statement or letter from a lender that details how much money you can borrow to purchase a home and what your interest rate might be. To get pre-approved, you may have to provide bank statements, pay stubs, tax forms and employment verification, among other documents. Once you’re pre-approved, you’ll receive a mortgage pre-approval letter, which you can use to begin viewing homes and making offers. It’s best to get pre-approved at the start of your home-buying journey before you start looking at homes.
How do mortgages work?
A mortgage is a type of loan you can use to purchase a home. It’s also an agreement between you and the lender that essentially says you can purchase a home without paying for it in-full upfront — you’ll just put some of the money as a down payment upfront (usually between 3% and 20% of the home price) and pay smaller, fixed equal monthly payments for a certain number of years plus interest.
For example, you probably don’t want to pay $400,000 for a home upfront, however, maybe you can afford to pay $30,000 upfront. A mortgage would allow you to make that $30,000 payment — a lender would provide you with a loan for the remaining amount of $370,000 and you’d agree to repay it plus interest to the lender over the course of 15 or 30 years.
Keep in mind that if you choose to put down less than 20%, you’ll be subject to private mortgage insurance, or PMI, payments in addition to your monthly mortgage payments. However, you can usually have the PMI waived after you’ve made enough payments to build 20% equity in your home.
What is a conventional loan?
Conventional loans are funded by private lenders and sold to government enterprises such as Fannie Mae and Freddie Mac. It’s the most common type of loan and some lenders may require a down payment as low as 3% or 5%.
What is an FHA loan?
Federal Housing Administration loans, or FHA loans, typically allow you to purchase a home with looser requirements. For example, this type of loan might let you get approved with a lower credit score and applicants may be able to get away with having a higher debt-to-income ratio. You typically only need to make a 3.5% down payment with an FHA loan.
What is a USDA loan?
USDA loans are offered through the United States Department of Agriculture and are aimed at individuals who want to purchase a home in a rural area. A USDA loan requires a minimum down payment of 0% — in other words, you can use it to buy a rural home without making a down payment.
What is a VA loan?
VA mortgage loans are provided through the U.S. Department of Veterans Affairs and are meant for service members, veterans and their spouses. They require a 0% down payment and no additional private mortgage insurance.
What is a jumbo loan?
How is my mortgage rate decided?
Mortgage rates change almost daily and can depend on market forces such as inflation and the overall economy. While the Federal Reserve doesn’t set mortgage rates, they tend to move in reaction to actions taken by the Federal Reserve on its interest rates.
While market forces may influence the general range of mortgage rates, your specific mortgage rate will depend on your location, credit report and credit score. The higher your credit score, the more likely you are to be qualified for a lower mortgage interest rate.
What is the difference between a 15-year and a 30-year term?
A 15-year mortgage gives homeowners 15 years to pay off their mortgage in fixed, equal amounts plus interest. By contrast, a 30-year mortgage gives homeowners 30 years to pay off their mortgage. With a 30-year mortgage, your monthly payments will be lower since you’ll have a longer period of time to pay off the loan. That said, you’ll wind up paying more in interest over the life of the loan since interest is charged monthly. A 15-year mortgage lets you save on interest but you’ll likely have a higher monthly payment.
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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage lender review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of home loan products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best small down payment mortgages.
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Our methodology
To determine which mortgage lenders are the best, CNBC Select analyzed dozens of U.S. mortgages offered by both online and brick-and-mortar banks, including large credit unions, that come with fixed-rate APRs and flexible loan amounts and terms to suit an array of financing needs.
When narrowing down and ranking the best mortgages, we focused on the following features:
Fixed-rate APR: Variable rates can go up and down over the lifetime of your loan. With a fixed rate APR, you lock in an interest rate for the duration of the loan’s term, which means your monthly payment won’t vary, making your budget easier to plan.
Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. In addition to these loans, lenders may also offer USDA loans and jumbo loans. Having more options available means the lender is able to cater to a wider range of applicant needs. We have also considered loans that would suit the needs of borrowers who plan to purchase their second home or a rental property.
Closing timeline: The lenders on our list are able to offer closing timelines that vary from as promptly as two weeks after the home purchase agreement has been signed to as many as 45 days after the agreement has been signed. Specific closing timelines have been noted for each lender.
Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. We evaluate these fees in addition to other features when determining the overall offer from each lender. Though some lenders on this list do not charge these fees, we have noted any instances where a lender does.
Flexible minimum and maximum loan amounts/terms: Each mortgage lender provides a variety of financing options that you can customize based on your monthly budget and how long you need to pay back your loan.
No early payoff penalties: The mortgage lenders on our list do not charge borrowers for paying off the loan early.
Streamlined application process: We considered whether lenders offered a convenient, fast online application process and/or an in-person procedure at local branches.
Customer support: Every mortgage lender on our list provides customer service via telephone, email or secure online messaging. We also opted for lenders with an online resource hub or advice center to help you educate yourself about the personal loan process and your finances.
Minimum down payment: Although minimum down payment amounts depend on the type of loan a borrower applies for, we noted lenders that offer additional specialty loans that come with a lower minimum down payment amount.
After reviewing the above features, we sorted our recommendations by best for overall financing needs, quick closing timeline, lower interest rates and flexible terms.
Note that the rates and fee structures advertised for mortgages are subject to fluctuate in accordance with the Federal Reserve rate. However, once you accept your mortgage agreement, a fixed-rate APR will guarantee your interest rate and monthly payment will remain consistent throughout the entire term of the loan, unless you choose to refinance your mortgage at a later date for a potentially lower APR. Your APR, monthly payment and loan amount depend on your credit history, creditworthiness, debt-to-income ratio and the desired loan term. To take out a mortgage, lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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.
When do you typically think about Christmas shopping?
Around Thanksgiving? Year-around? Christmas Eve?
Regardless of when you plan to start your Christmas shopping, it is never too early to start creating your Christmas budget. Especially if you are Christmas shopping on a tight budget!
When are trying to figure out what should I buy for a Christmas gift on a budget? It can seem like you are putting together a jigsaw puzzle based on what you can afford.
Well, there is great news you will find out in this post! By starting a little early and planning you can guarantee Christmas shopping on a low budget will work for you! Then, you can keep on charging around with your personal money goals.
One of the best tips for Christmas shopping on a budget is to save money all year for the occasion.
That way you avoid the trap of not having money to spend and then resorting to charging your Christmas presents on a credit card. Just a warning… a small amount of debt can turn into a slippery slope and can snowball into much, much more!
Back in the day, many families received a bonus around the holidays. They would determine their Christmas budget on the amount of money they are awarded in this bonus for gifts. However, there is a downfall and risk to use this strategy because these bonuses aren’t guaranteed. Nowadays, very few companies actually give out Christmas bonuses.
So, take it upon yourself to save money on a consistent basis. This could be in the form of bank account or cash envelope. Either way, you can set aside a set dollar amount or a percentage of your income throughout the year for Christmas shopping.
If you are serious about learning how to Christmas shop on a budget, then it is crucial to start with a budget and share your plan for Christmas gifts without exceeding this pre-determined budget.
By spreading out the amount saved for Christmas shopping or actually buying gifts throughout the year, you can successfully keep your budget in control. More importantly, you can eliminate a great deal of stress, which often accompanies last-minute Christmas shopping.
This is exactly how do you make a Christmas special on a budget.
Simple Ideas on Budgeting for Christmas Shopping
One of the best budgeting for Christmas tips is to actually plan out your Christmas shopping. For some of us, who despise planning, you may loathe the idea.
However, in the end, it is one of the best money saving ideas to embrace for long term financial freedom.
If you are trying to figure out how can I do Christmas cheap, then this post has eight simple ideas for budgeting for Christmas shopping.
1. Decide Your Christmas Budget
It is necessary to determine how much to spend before your start Christmas shopping and especially Christmas shopping online.
It is never too early to start thinking about creating your budget for Christmas shopping. As much as I would like to be able to purchase everything under the sun for our friends and family, I must make choices on where my hard-earned money should go. (Hint: This is wise money management advice all-year-around.)
With most of our unfortunate reality, we must budget carefully to be able to purchase Christmas gifts for everyone on our list. With this in mind, it is very imperative to set a budget for Christmas shopping and stick to that budget you agreed on.
2. Make a Christmas List (and check it twice)
After creating a Christmas budget, making a Christmas list in the one of the best budgeting for Christmas tips you can take away!
Just like with regular money management, it is a smart move to make plans for your money BEFORE you start spending it.
Grab our free printable gift tracker and start writing down everything you can possibly buy during the holiday season.
Review your Christmas list and make sure your dream list is something that you can truly afford. Make sure to check it twice!
3. Limit the Number of Gifts
What is the true meaning of Christmas? Buying loads of presents you can barely afford or spending quality time with family and friends?
It is absolutely okay to limit the number of gifts you buy for each person on your list.
Many people apply the 4 gift rule at Christmas to stay within their Christmas budget, avoid overspending, and to teach their kids that materialistic items is not the purpose of Christmas.
This gift-giving idea is simple and based on each child receiving four presents:
a want
a need
something to wear
something to read
4. Shop Early or Shop Late?
Decide what type of shopper you are. Do you prefer to shop throughout the year and pick up frugal bargains? Or are you scrambling at the last minute to shop to do your Christmas gift shopping on a budget?
Honestly, there is no right or wrong answer.
You need to decide how to Christmas shop on a budget that will work for your personality.
Your shopping habits will decide how you will best stay within your Christmas budget and not stress more during the holiday season.
5. Use Cash
Okay, cash is becoming phased out as credit cards and debit cards are the norm. In this case, we are talking about the premise of using cash.
You have the cash available to spend on Christmas shopping sitting in your bank account.
It doesn’t matter if you shop with cash, debit card, or credit card, you can cover all of your Christmas shopping with the money allocated in your Christmas budget. The goal is to enjoy a debt free Christmas.
Before you begin to shop online, evaluate the amount of Christmas gift money you have saved. Then, double-check that amount equates with the budget set for your Christmas shopping.
Even if you are using a credit card and the bill will arrive the following month, today you must have enough money to repay the bill in its entirety and avoid paying interest.
6. Buy in Bulk
Buying in bulk is a term that refers to the idea of buying large quantities of goods or services at a discounted price.
If you’re low on money or short on time, bulk shopping can be a good idea. Many stores offer discounts for customers who purchase large quantities of goods at one time.
This is great for someone who needs to buy a large number of gifts for extended family.
7. Negotiate a better deal
Negotiate a better deal.
Sometimes all you have to do is ask for a discount.
If the company has any promotions or special offers, make sure to ask them about them before making your purchase. Just click the chat or help button when shopping online.
8. Add to Online Cart & Don’t Buy (Yet)
This is probably my favorite trick for Christmas shopping online!
Add the item to your cart and make sure you go far enough through the checkout that the company has your email address. But, don’t buy yet.
Wait for 24 hours.
More than likely, the company will send you a promo code for 10-25% off.
Shopping on Amazon? Add to a wish list. Then, the Amazon app will notify you of a lower price or lightning deal!
Cha-ching! Saving on Christmas shopping.
9. Combine Presents with Needs
This money saving tip is truly my personal favorite!
Think ahead of what the person you are buying for needs and try to find presents that suit that need.
For example, our kids wanted their own snorkeling gear for our next vacation. We have no idea when that trip will happen. So, we bought them snorkeling gear for their birthdays. Instant win-win!
Curious to know how we afford trips… We use a vacation fund.
10. find extra savings
Key tip for Christmas shopping on a budget… always look for deals and a lower price!
Given that so much Christmas shopping is done online, this is a great way to find a cheap presents for much less.
Here are some great apps to make sure you either get cash back or they check for extra coupon codes:
During this time of year, you should never pay for shipping. Honestly, it is one of the reasons, I truly like Amazon prime membership. They will drop ship your gifts to your destination at no extra cost to you.
11. Skip the Bags
Pull out the wrapping paper, ribbon, and bows!
You can spend about $10 a year to wrap all of your gifts, which is a bargain given most holiday gift bags cost about $2-5 each.
Plus if you have little eyes that like to peek, a wrapped box with ribbon is much harder to figure out their presents. This is my favorite book to teach kids about waiting patiently for their Christmas gifts. (Also, it is a big hit with my kids, too!)
Frugal Saver Tip – If you absolutely despise wrapping your presents, then save the gift bags and tissue paper to reuse year after year. That is one of the most fabulous money saving tips for Christmas shopping on a budget!
Christmas Shopping Tips:
The tips outlined are important, but they don’t tell the whole story. The key to saving money throughout the year is making sure you check your budget and keep an eye on how much you spend before Christmas hits.
It’s easy to get caught up in the season and overspend without realizing it.
The best time to save money is before Christmas hits.
Here are some Christmas Shopping Tips to remember.
Make a list of people who would like gifts
Check out sales at stores around town
Buy gift cards for stores where you know people shop
Make your gifts more personal by decorating them yourself
Avoid the guilt of overspending on Christmas with these ideas to make your next holiday a little more affordable
The key to saving money throughout the year is making sure you check your budget and keep an eye on how much you spend.
It’s easy to get caught up in the season and overspend without realizing it.
My Christmas Gift Shopping on a Budget Went over
Yikes, this is exactly what you didn’t want to do. But, the temptation to keep grabbing a couple of things was too much.
We all have the best of intentions, but may find themselves going over your budget when Christmas shopping. You need to keep things in perspective when this happens.
The key is not to go too far over Christmas budget.
If you spent more than planned on one or two people on your Christmas list, then you can recoup this by purchasing less expensive gifts than planned for a few other people to compensate.
Don’t throw in the towel and give up completely when Christmas gift shopping on a tight budget.
What are your favorite for christmas shopping Tips?
Whether you are looking to figure out how can I do Christmas cheap? Or just to save a few extra dollars with these money saving tips?
In this post, we covered the best ways to be prepared for Christmas shopping on a budget.
But, don’t just stop there, use these tips to improve your money management all year around.
Saving extra money just for Christmas is one of the frugal living tips you can start with. Starting in January, stick around Money Bliss and learn a few more ways to improve your money situation.
You won’t regret learning budgeting tips for Christmas. That will change your finances forever.
More Christmas Shopping Money Saving Ideas:
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
While there is no widespread preferential mortgage, and family mortgages are not available to everyone, developers and banks are launching their own programmes
Photo: Динар Фатыхов
Widespread preferential mortgages have not been available in Russia since Jiuly, and even extending te family mortgage will not radically solve the problem due to its limitations. “In June, developers fulfilled the plan by almost 200%, but within a week and a half in July, many have experienced a negative situation — almost no clients in their offices.” This is how developers are describing the decline in sales of new buildings. According to them, they are forced to create joint programmes with banks — to subsidise rates, instalment plans and so on. The Central Bank is dissatisfied, but “without this, we will get a market decline or stop,” people from the industry are saying.
Family mortgage extended in Russia
Real estate market played discussed how the mortgage market was doing without government support at a business breakfast in Kazan on 10 July. Shortly before it began, it became known about the extension of family mortgages in Russia. The news was greeted with enthusiasm, but it was noted there was no as massive support for families as before. Parents of children under six years of age inclusive, as well as disabled children, will be able to take out a loan at a rate of no more than 6%. And only for the construction of a private house. You can buy an apartment only in small towns with a population of up to 50,000 people and regions with little construction or those with their own development programmes.
“If you look at the number of children under 18 years of age in the republic and compare it with the number of children under 6, this is the main difference from the previous programme, then there are approximately 3-4 times fewer such families today. This also needs to be taken into account,” said Aygul Latypova, executive director of Ak Bars Dom.
“If you look at the number of children under 18 years of age in the republic and compare it with the number of children under 6, there are approximately 3-4 times fewer such families today,” said Aygul Latypova. Dinar Fatykhov / realnoevremya.ru. Динар Фатыхов / realnoevremya.ru
The loan limit in the programme will be 12 million rubles for Moscow, Saint Petersburg and their regions and 6 million for the other regions. You can combine a preferential loan with market programmes (for loans above 6-12 million, interest will be charged at the market rate), in this case, loans are limited to 30 million and 15 million rubles in big and remote regions, respectively.
“With a 21% rate, mortgages and home purchases have become unaffordable”
Only a limited category of citizens will be able to take advantage of a family mortgage. Therefore, in order to keep the market of new buildings from falling, an alternative to the cancelled mass preferential programmes are needed, people in the industry are saying.
“We have come to the point that mortgages began to live according to market conditions. Now the rates are equal to 21%, and there is no need to say that the market is doing well. If we compare monthly payments under preferential programmes and the current rate of 21%, the amounts have tripled. Borrowers who are now taking out a mortgage pay about 95% of their payment only as interest to the bank. Therefore, I consider such rates to be an obstacle; due to them, mortgages and home buying have become unaffordable,” said Rustam Azizov, director of mortgage sales and implementation of financial instruments at A101 Group of Companies.
The developer gave an example from Moscow where average loan size for an apartment for 12 million rubles is 10 million. At the current level of market mortgage rates of 21-23%, the monthly payment exceeds 180,000 rubles. “At the same time, only 2,500-3,000 rubles from this amount go to repay the loan itself, and the rest goes to interest repayment. Thus, the amount of overpayment for an apartment worth 12 million rubles for the entire loan repayment period is more than 33 million rubles,” the speaker explained.
To replace the public preferential programmes, developers and banks are offer their own programmes: subsidised rates, instalment plans, combo mortgages and so on. In particular, once can take out a mortgage at 8% a year now. The rate for the first few years will be subsidised by the developer. Of course, the apartment in this case will cost more.
“I consider such rates to be an obstacle; due to this, mortgages and home purchases have become unaffordable,” said Rustam Azizov. Dinar Fatykhov / realnoevremya.ru . Динар Фатыхов / realnoevremya.ru
“In general, we probably need to somehow restructure our thinking and try to work without government programmes. It is clear that if we completely remove state programmes now, everything may stop altogether, so they are making some restrictions — now for a family mortgage, they demand the child to be under 6 and so on. But somehow we all worked before the pandemic, and it still worked out. We need it to make it work out now,” urged Anatoly Norshtein, founder of Metr.Club mortgage aggregator.
“The regulator encourages us to make discounts, but this is not always reciprical”
As Realnoe Vremya already reported, a month ago experts predicted a serious decline in sales in the new real estate market — up to 40%. The first days of July and the cancellation of preferential programmes partially confirmed these fears.
“In June, developers fulfilled the plan by almost 200%, and in for one and a half weeks in July, many people had a negative situation, there were almost no clients in the offices,” noted Rustam Azizov. “That’s why banks and developers are now offering some alternative options to reduce the market rate at least in the short term. Let’s hope that the key rate will decrease in 2025-2026 and mortgages with high rates can be refinanced,” he noted.
The Central Bank is closely monitoring the development of the mortgage market and the work of banks with developers to create their own home buying programmes. “The regulator calls them schemes, we still call them a method of purchase: for the developer, it is a method of implementation, for the client, it is a more or less accessible method of purchase,” the developers object. The Central Bank expressed its dissatisfaction calling on credit institutions and developers to better offer discounts to clients. But the industry has noticed that this is not always possible.
“If the Central Bank begins to somehow limit the programmes from developers, this will be quite problematic. The regulator is encouraging us to make discounts, but, unfortunately, this is not always reciprocal. If my discount is 20%, this will not lead to a monthly payment where we will subsidise this 20% according to the programmes. In other words, the payment will still be significantly higher,” explained Aygul Latypova.
“The regulator is encouraging us to make discounts, but, unfortunately, this is not always reciprocal,” the speaker explained. Dinar Fatykhov / realnoevremya.ru. Динар Фатыхов / realnoevremya.ru
The Central Bank is working to create and implement a mortgage standard in Russia. However, while it is not there, all attempts to maintain the development pace of the mortgage market cannot be cancelled, the industry is convinced: “This is wrong, simply because then there will be no alternatives or opportunities for market development. Imagine if the same subsidised rates from the developer did not exist now. Let’s be honest, our monthly payments have tripled according to the market rate, but the real incomes of the population have not increased since q July. What are we talking about then?”
“Mortgage was born in Ancient Greece in the 6th century BC, lived for 2,600 years and will definitely not die after 1 July,” Arkady Bocharnikov, head of the mortgage lending department of Ak Bars Bank, was positive.
The speaker provided general data on the issue of mortgages in Russia. Recent months have shown that about 2 million families annually improve their living conditions through mortgages. The ratio of mortgage debt has, of course, increased, the speaker admitted, but at the same time, our indicators are still lower than in the USA and Germany. Russians have taken out a mortgage for 18 trillion rubles, which is 11% of GDP.
“We have the potential here, we can increase the mortgage debt of the population 4 times, and the economy will do great.” Therefore, I would not say that after 1 July there will be no mortgages. In terms of big numbers, we still have to grow and grow,” the expert believes.
In terms of housing provision, the figure reached 25 square meters per resident of Russia ,and an annual increase is approximately a square metre. We haven’t yet reached the level of other countries; we can double the amount of housing owned by the population, the speaker added. “It should also be taken into account that it is the size of all the Khrushchyov blocks of flats built in the 1960s and 1950s , which, of course, need to be updated.”
We can increase the population’s mortgage debt four times, and the economy will do great, noted Arkady Bocharnikov. Dinar Fatykhov / realnoevremya.ru. Динар Фатыхов / realnoevremya.ru
“Developers are now in such conditions that we do not determine how much we can sell”
Arkady Bocharnikov believes that with the cancellationf of preferential programs, alternative ones will be actively developed — from banks and developers. In his opinion, they will be especially in demand in the next years.
“We launched a mortgage at 8% for a year or two, and at the moment this is salvation. But it also requires costs from the developer. With such market rates, despite all the standards and prohibitions, the market still forced us to create joint programmes with banks. Without this, unfortunately, we will either have a market decline or a stop. Developers are now in such conditions that we do not determine how much we can sell. We have estimated financing, our sales are strictly regulated. Therefore, banks are interested, and we are interested in creating mechanisms to make housing affordable,” Aygul Latypova emphasised.
In the next month, all major players in the mortgage market will present their programmes to support demand for primary housing, says Rustam Azizov: “Banks like developer are also interested in maintaining the pace of house sales and, as a result, the issue of mortgages. Such loans have an extremely low level of overdue debt — 0.02%. In addition, mortgage borrowers have a fairly high LTV rate, that is, readiness to use other banking services.”
According to Anatoly Norshtein, market mortgage rates will not decrease to the numbers that are acceptable for most apartment buyers until mid-2025. “The mortgage market will survive but through special joint programmes with developersas well as programs that were not previously in high demand,” the expert believes.
According to Anatoly Norshtein, market mortgage rates will not decrease to the numbers that are acceptable for most apartment buyers until mid-2025. Dinar Fatykhov / realnoevremya.ru. Динар Фатыхов / realnoevremya.ru
The future demand for housing in the next two months was largely met in June, so the sales figures of July and even August will be irrelevant; the real situation will not be clear until September, experts say.
“Until this moment, the market may see a transition to targeted support for certain categories of citizens (doctors, teachers, employees of core enterprises), which can more effectively resolve important government issues. In addition, it seems appropriate to extend government support for mortgages for young families in order to encourage young people to start families and have children at a younger age, says Rustam Azizov.
One of the options, in his opinion, could be the Youth Mortgage that can be extended to young professionals under 30. It can be implemented within a new Youth of Russia national project. The maximum loan term in the programme can be increased, up to 50 years, this will help reduce the monthly payment. The interest rate in the programme taking into account subsidies from the state can be no more than 3%. At the same time, it is recommended to set the maximum loan amount at 15 million rubles for Moscow, Saint Petersburg and their regions and at 12 million rubles for the other regions.
Do you want or need to learn how to get free diapers? Diapers are one of the biggest expenses for parents, and they can last for years! The average child can go through over 5,000 diapers, so that is a lot of money. Finding ways to get free diapers can help you save money and…
Do you want or need to learn how to get free diapers?
Diapers are one of the biggest expenses for parents, and they can last for years! The average child can go through over 5,000 diapers, so that is a lot of money. Finding ways to get free diapers can help you save money and make sure your baby always has what they need. There are many options available that can make this possible.
By exploring different programs and resources, you can find free diapers for your baby. From diaper banks to local giveaways, many organizations are ready to help. It’s important to know where to look and what’s available to you so that you can save money and get more free things.
Related content:
Best Ways To Get Free Diapers
Below are the best ways to get free diapers:
1. Ask in a Buy Nothing group on Facebook
One great way to get free diapers is to ask in a Buy Nothing group on Facebook. Buy Nothing groups are local groups where people give away items they no longer need.
Join a group in your area and make a post saying you need diapers. Many parents have extra diapers their baby outgrew and would love to give them to someone who needs them. Make sure to mention the size of diapers you need because this helps others see if they have what you’re looking for. And don’t forget to check the group’s rules before posting.
Or, you can also wait to see if anyone shares that they are giving away diapers too. Many kids outgrow their diaper size or become potty-trained and no longer need diapers. I see free diapers being given away in my local Buy Nothing group all the time.
It’s that simple! These groups can be very helpful and you may find other baby items, too (like free baby clothes and toys).
2. Join rewards programs
Many diaper companies have rewards programs that can help you get free diapers.
Pampers has a rewards program called Pampers Club. By using their app, you can scan your receipts and get points for each purchase. These points can be redeemed for free diapers, baby food, toys, and more. For example, you get $0.20 Pampers Cash for every diaper code you enter and $0.05 Pampers Cash for every wipes code you enter.
Huggies also has a loyalty program. You can earn points when you buy Huggies diapers or wipes. Just take a photo of your receipt using their app, and these points can then be exchanged for free diapers and other baby items.
Other major diaper companies, like The Honest Company and Seventh Generation, also have a rewards program for purchasing their products. Signing up is usually free and can save you lots of money.
Rewards programs might also send you free samples of diapers and discounts, which can be nice to get.
I do want to mention that diaper rewards programs can take a long time to earn enough points for free diapers. So, I wouldn’t look at this method to be your only way to get free diapers – instead, it’s simply a way to save a little bit of money on diapers.
3. Sign up for diaper coupons
Getting free diapers can be as simple as signing up for diaper coupons. Many diaper companies, like Pampers, have special promotions and deals for joining their mailing lists or clubs, and you can get coupons sent right to your inbox.
Having these coupons can cut down on the cost of diapers. Some companies even give free samples along with their coupons.
To get started with this, simply go to your favorite diaper brands’ websites and look for any sign-up options.
Related to this: Don’t forget to browse coupon websites. They sometimes collect deals and coupons from various diaper and baby brands in one place, so that you can see who currently has the best diaper deals. This makes it easier for you to find what you need without having to visit multiple websites.
4. Use cash back apps
Cash back apps can help you save money on diapers. These apps give you a percentage of your money back on purchases. Apps like Ibotta, Rakuten, and Fetch Rewards tend to have deals on baby products. You can use these apps to buy diapers and earn money back.
For example, I just logged into my Ibotta account to see what diaper deals they currently have. These are constantly changing, but right now you can get $6.00 on Huggies, $3.00 back on Luvs Diapers, $3.00 back on Pampers Swaddlers, $2.00 back on baby wipes, and more.
Fetch Rewards currently has diaper deals too, such as earning 2,000 points for buying Luvs Diapers.
These diaper deals are easy to get. First, download the app and create an account. Then, browse the deals for diapers. When you find a deal, follow the app’s instructions to activate it before you shop, and make sure to save your receipt.
After buying the diapers, upload your receipt to the app. The app’s system will check your purchase and add the cash back to your account. You can accumulate money over time and transfer it to your bank or use it for more purchases.
What’s great about cash back apps is that strategy can be stacked so that you can earn even more points and free diapers. For example, you can use both Ibotta and Fetch Rewards at the same time for the same box of diapers, and you can even scan those same diaper boxes to add them to any diaper rewards programs you’re a part of too (such as Pampers Club and Huggies Rewards).
5. Follow diaper brands on social media
Diaper brands sometimes give away free samples and coupons through their social media pages. If you follow them, you can be among the first to know about these offers.
Brands also share special promotions and discounts on their social media. By keeping an eye on their posts, you can grab these deals before they expire.
This isn’t exactly the best way to get free diapers (I like many of the others on this list more), but it is a possible way to get free diapers.
6. Check online marketplaces
You can find free diapers on online marketplaces. Sites like Craigslist, Facebook Marketplace, and Freecycle tend to have people giving away baby items they no longer need.
Search in the “free” section or post your own request for diapers. Many parents are happy to pass on extras rather than throw them away.
I also recommend joining parenting Facebook groups. You can find them by searching “your town name + parents” or something similar, or even just asking other parents you know. Even the smallest towns have these, so there is a good chance yours does too. Members tend to share tips on where to get free diapers or may even have some to give away. For example, I am a part of a parenting group in my local area, and free diapers are given away at least a few times a week by parents whose child outgrew them.
Of course, you’ll want to be careful when meeting strangers for free diaper pickups. Always choose public places and, if possible, bring a friend with you for safety. Check the condition of the diapers to make sure they are still usable.
7. Visit local diaper banks
Local diaper banks are a valuable resource for families in need. These organizations collect and distribute free diapers to families who can’t afford them.
Diaper banks often have partnerships with community centers, churches, and other local organizations. They can help connect you with additional resources to support your family.
Always call ahead to check the hours and requirements of the diaper banks. Some may need proof of income or residency, so bring any necessary documents with you.
8. Join parenting forums
Joining parenting forums is a great way to find free diapers (such as the What To Expect forum). These online communities are full of parents sharing tips and resources. Some forums have threads dedicated to diaper giveaways and swaps.
On these forums, you can also learn about local diaper banks and other community resources. Parents share details and experiences, helping you find the best options so that you can save money and time.
9. Apply for government assistance
If you need diapers for your baby, government programs can help.
One way is through the Temporary Assistance for Needy Families (TANF) program. Some states also give diaper allowances too.
For example, California’s CalWORKs program provides diapers to certain families who qualify. Washington State also has a diaper allowance for families getting TANF.
10. National Diaper Bank Network
The National Diaper Bank Network (NDBN) can be a big help if you need free diapers. They work with over 225 community-based diaper banks across the U.S. These diaper banks collect, store, and give out free diapers to families who are struggling.
To find a diaper bank near you, visit their website at NationalDiaperBankNetwork.org. They connect families to resources that help provide diapers and other baby necessities. This can be a lifesaver if you’re having trouble buying diapers for your child.
If you need help quickly, you can call 2-1-1. Specialists are available 24/7 and can help you find local resources, including diaper banks. They can also guide you toward other basic needs, like food and housing support.
11. Reach out to nonprofit organized playgroups near you
Nonprofit local playgroups have more than just fun activities for kids. Many also provide essential items like diapers to families in need.
I am a part of two local playgroups, and they both constantly have diaper drives and are giving out diapers. While I am personally not in need of free diapers, I do know how helpful these types of groups are for our children and families. For the playgroup that I am in, you can simply put in a request for diapers and someone will contact you right away about your options.
You can start by searching for playgroups in your area, asking around in local Facebook groups, or talking to other parents in your neighborhood. You might find listings online or through community centers too.
When you contact these groups, ask if they have any diaper assistance programs. Some playgroups partner with charities to distribute free diapers to families who need them.
Joining one of these playgroups has other benefits too. Your child will get to socialize and play, and you might make some new friends with other parents. It’s a win-win!
12. Add diapers to your registry
Adding diapers to your baby registry is a smart move. You can get a good supply of diapers at your baby shower.
You could also ask for different sizes as babies grow quickly, so having different sizes will help you be prepared.
You can also create a diaper fund. Friends and family can contribute money so you can buy diapers as needed.
I have even seen a new trend lately where people have a raffle at their baby shower for a new TV or something else that is expensive. For each box that a guest brings, they are given one raffle ticket. I’ve seen some parents get a TON of free diaper boxes this way!
13. Reach out to parenting nonprofits near you
Parenting nonprofits are a great resource for getting free diapers. These organizations often provide supplies to families in need.
Nonprofits like Help a Mother Out and Baby2Baby work to increase access to diapers and other baby essentials.
Finding these nonprofits in your area is simple. Try searching online or asking for recommendations from local community centers or hospitals.
14. Contact nonprofit organizations
Nonprofit organizations that aren’t related to babies can be a great resource for getting free diapers too. They sometimes distribute diapers to families in need.
This can include local churches, food banks and food pantries, the Salvation Army, and shelters.
15. Use cloth diapers
Cloth diapers are a great way to save money. They can be reused many times, which means you don’t have to keep buying new ones.
There are many types of cloth diapers. Some have inserts you take out and wash separately. Others come as one piece. Find what’s easiest for you.
Using cloth diapers might seem like more work. However, they can save you thousands of dollars over time. Plus, they are better for the environment since they reduce waste.
Frequently Asked Questions
There are many ways to get free diapers. Some programs provide them for low-income families, while others give samples or help through government services. Here are answers to common questions about how to get free diapers.
What programs give free diapers to low-income families?
Many states have diaper programs for families in need. Reaching out to programs like TANF, diaper banks, and local nonprofits can be a good way to get free diapers for low-income families.
How can I get free diaper samples sent to my home?
You can get free samples by reaching out to diaper manufacturers. Many companies, like Pampers and Huggies, send free samples if you join their rewards programs or sign up for their newsletters.
How to get free diapers from the government?
Some government programs, like TANF, give diaper support. Specific states, such as California and Washington, have allowances for families with young children. Check with your local social services office to learn more.
Can I get help with diapers through the WIC program?
The WIC program mainly focuses on providing nutritious food (like baby formula and other grocery items) to low-income families. It does not usually cover diapers. However, some local WIC offices might be able to share information with you on nearby organizations that can give you diaper assistance. Also, unfortunately, you cannot use the Supplemental Nutrition Assistance Program (SNAP) for free diapers either.
How to get Pampers for free?
Sign up for Pampers’ rewards program and follow them on social media. They sometimes have promotions and giveaways where you can earn points that can be redeemed for free diapers.
Does Huggies send free samples?
Yes, Huggies offers free samples. Join the Huggies Rewards program and keep an eye on their social media for any sampling events or promotions. If you sign up for any baby boxes while you’re pregnant, there are typically a few free Huggies diapers as well.
What can be used instead of diapers?
If you’re out of diapers, cloth diapers can be a good alternative.
How To Get Free Diapers – Summary
I hope you enjoyed this article on how to get free diapers.
As you can see, there are many ways to get free diapers. No matter the quantity of diapers that you need, you may be able to get help affording diapers.
What do you think is the best way to get free diapers?
Create unforgettable spaces with the best interior design software. Whether you’re a professional interior designer or a home design enthusiast, these are the top tools for bringing 2D and 3D spaces to life.
Our expert team of reviewers have tested the best architecture software or the best 3D modeling software, so we know what you want to check out when choosing your next interior design app, and which ones really measure up.
best landscape design software for crafting eye-catching exterior spaces.
The best interior design software of 2024 in full:
Why you can trust TechRadar
We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.
Below you’ll find full write-ups for each of the entries on our best interior design software list. We’ve tested each one extensively, so you can be sure that our recommendations can be trusted.
The best interior design software overall
(Image credit: Floorplanner)
Best interior design software overall
Specifications
Operating system: Browser
Plan: Free, Subscription
Reasons to buy
+
Free plan available
+
Intuitive and easy to use
+
Broad use from interior designers to real estate
+
Numerous customization options
Reasons to avoid
–
Some limitations with the free account
–
No desktop app
Floorplanner is an online interior design app for individuals and companies, letting you redesign everything from a single room to an entire floor, or even a whole building. You can also plan out how your furniture will fit in your new home.
This is a web-based home interior design tool, so you can achieve dazzling designs through the browser. There’s also online collaboration for editing and presenting projects in the cloud.
In our hands-on review, we felt the best home design software “is an excellent online service, designed to help you create rooms and furnish them with great accuracy. Working with it is fluid and easy, and we didn’t observe any discernible glitches. The fact there’s a free option means many amateur designer will happily use it to configure a room, but there are limitations to that option.”
Working in Floorplanner is fluid and simple – allowing you to create and furnish rooms with real accuracy. Best of all, if your needs are modest, using the program is free.
That makes it ideal for amateur designers or those learning the art of interior design. If you find the free account too limiting, there are several subscription options available to you. Business pricing starts at $59 a month for teams. Individual pricing starts at $5. You’ll also find a credit system. As you earn credits, you can unlock extra features not typically associated with your plan.
It’s all browser-based designing, however, so needs a constant inter connection. There is an Android app available, but this is designed for presenting designs created on the website.
Read our full Floorplanner review.
The best interior design software for architects
(Image credit: Chief Architect)
Best interior design software for architecture
Specifications
Operating system: Windows, macOS
Plan: Subscription, Perpetual license
Reasons to buy
+
Easy to learn
+
Multi-platform
+
Limitless possibilities
Reasons to avoid
–
Can appear daunting at first
–
3D views don’t always respond as expected
Home Designer Suite delivers professional-style interior design software – which makes it powerful but also increases the learning curve. It’s not too steep as to be unnavigable, although it might overwhelm first-timers. Stick with it.
If you’re looking for meticulous planning, precise editing and customizing tools, and everything else, right down to the material required for specific jobs, this is the best interior design software for you.
We praised the home design software in our review for its “highly detailed customisation options while at the same time, automating many processes to ease the creation process. It’s a great balance that help you create detailed environments quickly and easily.”
The interior design program is very full featured. You have full control over pretty much everything, including landscaping your dream garden. Despite its apparent complexity, there are many automatic tools that do a lot of the work for you, enabling you to focus on the details, to turn a design into a house.
Available for both Mac and Windows, you have in your digital hands everything you need to build the home of your dreams.
Read our full Home Designer Suite review.
The best interior design software for indoor/outdoor spaces
(Image credit: NCH Software)
Best interior design software for indoor and outdoor spaces
Specifications
Operating system: Windows, Mac
Plan: Subscription, Perpetual license
Reasons to buy
+
Easy to use
+
Multi-platform
+
Work on multiple levels
+
Can easily import 3D objects
Reasons to avoid
–
Not all objects installed initially
–
Occasionally awkward navigation
DreamPlan is the best home design software if you want powerful tools and simplicity of use.
The interior design program, out for Windows and Mac, helps you create buildings on multiple levels, furnish them with a library of 3D models, and customize homes inside and out. Yes, that even includes landscape design. It’s built to let you easily make modifications and alterations.
But, in our review, what we really liked about one of the best home design software tools is that it’s “designed to make it easy to make modifications, and even goes out of its way to help you understand the app’s inner workings.”
Trace Mode will be especially handy for those with existing floorplans. These can be imported into the home design software and turned into a 3D model.
DreamPlan features commercial and home licensing options – priced at $50 and $40 respectively, but check for regular discounts. So, it has a powerful enough toolset to use on a professional basis. But it’s intuitive enough for beginners.
For those just starting out with the best interior design software, the built-in video tutorials help you understand the inner workings of the app – just look for the subtle blue camera icon.
Read our full DreamPlan review.
The best browser-based interior design software
(Image credit: Dassault Systemes)
The best interior design app when you’re on-the-go
Specifications
Operating system: Browser, Android, iOS
Plan: Free, Subscription
Reasons to buy
+
Simple to use
+
Huge customisation
+
Can design an entire house for free
Reasons to avoid
–
3D pan can make some objects temporarily disappear
–
Long rendering times for low res photorealistic images
HomeByMe is one of the best interior design apps for when the ideas are racing. It’s browser-based – even mobile browsers are supported – and has Android and iOS apps, so you can map out thoughts for your home whenever and wherever inspiration strikes.
Since the interior design tool is cloud-only, you’ll need to stay connected to use it. During our time with the home design software, we were impressed that “HomeByMe offers a very affordable service with a myriad of options. We particularly appreciated the fact that the free plan doesn’t appear to limit your design options, and lets you work on up to three different projects.”
However, we were less impressed with the time it took to render low-res images. Worse, we found the free account pastes a giant watermark all across the image, rendering the effect pointless. HD images are rendered in minutes, and don’t have that watermark.
The platform offers three packages: free, one-time purchase, and monthly subscription. It’s a good way to see which works for you, as the free plan doesn’t appear to limit your design options, and lets you work on up to five projects.
The limit on the number of HD photorealistic images (1920x1080px) is somewhat compensated by offering an unlimited number of lower quality ones (640x360px). You can also place real-world, branded products in your rooms for extra realism.
HomeByMe has a lot to offer. If you’re not too fussed about those images, you can explore and create very complex designs with ease.
Read our full HomeByMe review.
The best interior design software for mobile
(Image credit: MagicPlan)
Best interior design software for Android and iOS
Specifications
Operating system: Browser, Android, iOS
Plan: Subscription
Reasons to buy
+
Easy to use
+
Free mobile app
+
Two free projects
+
Professional Report and Estimate tools
Reasons to avoid
–
AR appears to struggle when furniture is in the way
–
No desktop app
MagicPlan is one of the best interior software kits for busy creatives and contractors.
When we reviewed the home design app, we liked its “easy to use features, an interesting AR option, and an original way of generating estimates for work needed to be done. The monthly subscriptions could pay for themselves if designing if your business, and it also offers you two free projects for casual users to explore as well.”
Like HomeByMe, it lets you build designs from your browser, or within the Android and iOS apps. The free solution lets you design two projects. A monthly subscription is needed to unlock MagicPlan’s full capabilities.
You’ll find three tools in one: Sketch, Report, and Estimate. Essentially, tiered subscription packages that offer additional features.
Sketch lets you create interior designs – and, for home users, that’s likely enough. Professional designers will appreciate the inclusion of reporting and estimating tools. Enterprise licensing is also available.
One of the best interior design software tools here is the AR-enabled ‘Scan with Camera’. This lets you scan and measure the room you’re in – although we suspect this augmented reality feature would function a lot better in an unfurnished space.
Read our full MagicPlan review.
Best interior design software: FAQs
What is interior design software?
best 3D printers.
Time is a considerable factor. Even some of the best interior design software takes a long time to render concepts, especially when using photorealistic images. It’s a natural price to pay for high-resolution 3D designs. For some, speed may trump quality.
Check the system requirements for the software In certain cases, highly professional interior design computer programs require high-performance computers. In this case, you may need a machine comparable to the best laptops for architecture students or the best laptops for engineering students. These are build to smoothly run complex CAD designs.
Check the price (and pricing model), too. Some options, like HomeByMe, offer free, paid-for, and subscription versions of its home design software. Others offer only one pricing model, so choose the one that best suits your creative budget.
How we test the best interior design software
We’ve tested a massive range of creative apps, including the best digital art and drawing software and the best graphic design software. But whether we’re testing out the top tools for 3D design or the best software for interior decorating, we follow the same fair and rigorous review process.
When testing the best interior design software for homes, we’re looking to see how easy the experience is, how powerful the tools are, and how well the software performs. Designing in 3D can often take its toll on computers, after all.
Asset library sizes are a factor — interior design tools should make your creative ideas a reality, not just a loose approximation. We’re also reviewing these design apps based on use. Unlike consumer software, professional-grade tools offer more advanced features, but might also have steeper learning curves and more expensive pricing models. So, we assessed how well the interior design program delivers for its intended market – whether they’re professionals or personal users.
Essentially, when we test the very best interior design software for ourselves, we expect to see it work for its intended audience — whether they’re professional interior designers or creative enthusiasts.
During our tests across the best home design software tools, we first set up an account with the relevant software platform, whether as a download or online service. We then tested each app using a handful of files to see how the software for interior design could be used for creating indoor spaces from scratch, bearing in mind issues such as ease-of-use, professional viability, and performance.
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Learn to manage your money wisely with these straightforward tips to cut spending and budget better. Despite higher incomes, many still struggle with financial challenges and living paycheck to paycheck. Take control of your finances starting today to achieve a more feasible budget.
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Joining a No Spend Challenge not only helps you save money rapidly but also increases awareness of your spending habits, leading to a minimalist lifestyle. Start with a no spend month to jumpstart your frugal living journey.
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Employ strategies like meal planning, cooking at home, and using discounts to slash grocery expenses. By being mindful of your food budget, you can save money while maintaining a nutritious diet.
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Plan purchases in advance to resist impulse buying. Sticking to your shopping list helps you stay focused on essentials, preventing unnecessary spending and promoting responsible budget management.
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Meal planning is a practical approach to budget-friendly eating. By organizing your meals ahead of time, you can minimize grocery costs and reduce food waste, ensuring efficient use of your food budget.
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Strategically stockpile essential items to save money and ensure preparedness. Focus on purchasing long-lasting goods in moderate quantities to maximize savings without cluttering your living space. Only buy what you plan to use when it is on sale!
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By resisting impulsive buying, you create opportunities for significant savings over time. Prioritize needs over wants to safeguard your budget and maintain financial stability, especially during tight financial situations.
Find more ideas to Cut Spending
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Discover practical tips to cut spending & budget wisely. Start saving money effortlessly with these 12 straightforward strategies!
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