Bloomberg Philanthropies’ eye-popping $1 billion donation to Johns Hopkins University in Baltimore, which will allow the university to offer free medical school to most of its students, is among the largest-ever donations to a university or higher ed system in the U.S.
It’s also a reminder of just how expensive college has become.
The donation from former New York City mayor Michael Bloomberg’s philanthropic group covers tuition for medical school at Johns Hopkins for students from families earning less than $300,000 per year, beginning in fall 2024. That demographic represents 95% of Americans, according to a statement from the university. Students from families earning up to $175,000 per year will also have their living expenses covered, per the statement.
The annual tuition at Johns Hopkins’ medical school is $64,665, according to the university’s website. Several required additional fees and “indirect costs” such as housing and food bring the total annual cost to just over $102,000. Bloomberg’s gift is intended to assist qualifying students in perpetuity.
“As the U.S. struggles to recover from a disturbing decline in life expectancy, our country faces a serious shortage of doctors, nurses, and public health professionals — and yet, the high cost of medical, nursing, and graduate school too often bars students from enrolling,” Bloomberg said in a statement. “By reducing the financial barriers to these essential fields, we can free more students to pursue careers they’re passionate about.”
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Bloomberg’s donation joins a slim list of higher-ed gifts exceeding the billion-dollar mark. Including this donation, there have been only four gifts of $1 billion or more given to a single university in recent decades, according to the Chronicle of Higher Education, which tracked higher-ed gifts from 1967 through July 2023.
In 2018, Bloomberg Philanthropies gave $1.8 billion to Johns Hopkins (also his alma mater), which remains the largest-ever gift to a university; it was earmarked exclusively for financial aid. In 2022, Stanford University received $1.1 billion from venture capitalist John Doerr and his wife, Ann; the money went toward launching the Stanford Doerr School of Sustainability. And earlier this year, Ruth Gottesman, a former professor at the Albert Einstein College of Medicine and widow of a Wall Street investor, gave the medical school $1 billion to cover all students’ tuition in perpetuity.
That Bloomberg’s donations, as well as Gottesman’s $1 billion gift, are intended specifically for students’ tuition speaks to the rising cost of college. Since 1963, the average college tuition has more than tripled even after accounting for overall inflation, according to BestColleges.com, leading to a boom in student borrowing.
Earlier this month, interest rates on some federal student loans hit record highs, which raises the cost of college for students and their families who must borrow to afford college. Collectively, U.S. student loan borrowers owe $1.74 trillion in federal and private debt, according to the most recent data from the Federal Reserve.
In January 2024, NerdWallet’s annual household debt study found that the average U.S. household with student debt owes $55,573.
Biggest donations to a college or university in the U.S.
Below are the 10 largest single contributions to a college or university system in the U.S., according to The Chronicle of Higher Education, which did not include grants in its ranking. (The Chronicle stopped tracking these gifts in July 2023.)
$1.8 billion, to Johns Hopkins University, from Bloomberg Philanthropies, to be used for financial aid. (2018)
$1.1 billion, to Stanford University, from the Doerrs, to establish the Stanford Doerr School of Sustainability. (2022)
$1 billion, to the Albert Einstein College of Medicine, from Gottesman, to cover all students’ tuition in perpetuity. (2024)
$1 billion, to Johns Hopkins University, from Bloomberg Philanthropies, to cover most students’ tuition in perpetuity. (2024)
$750 million, to California Institute of Technology, from billionaires Stewart and Lynda Resnick, to fund environmental research. (2019)
$650 million, to The Broad Institute, from philanthropist Ted Stanley, to fund mental illness research. (2014)
$600 million, to California Institute of Technology, from billionaires Gordon and Betty Moore, and the Gordon and Betty Moore Foundation, for educational and scientific programs.
$600 million, to Columbia University and NewYork-Presbyterian Hospital, from Florence and Herbert Irving, for cancer research. (2017)
$550 million, to Western Michigan University, from an anonymous donor. (2021)
$500 million, to Bard College, from George Soros’s Open Society Foundations, $500 million; to establish an endowment and fund other initiatives. (2021)
(Photo by Bryan Bedder/Getty Images for Bloomberg Philanthropies)
In the pursuit of financial stability and prosperity, setting clear goals is paramount. In this guide, we’ll explore ten essential financial objectives that can pave the way to a secure and fulfilling future. Whether you’re aiming to build wealth, eliminate debt, or achieve financial independence, these goals will serve as your roadmap to success. Let’s embark on this journey towards financial empowerment together.
Be A Constant Learner
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Make continuous learning a priority in your financial journey. With so much to discover about money management and personal finance, adopting a mindset of constant learning equips you with essential knowledge for making informed financial decisions.
Pay Yourself First
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Prioritize your financial well-being by committing to paying yourself first. By saving a portion of your income before anything else, you safeguard your financial future and ensure you have resources available for future needs and opportunities. Start small and keep saving more.
Multiple streams of income
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Diversify your income sources to safeguard your financial stability. Whether through side hustles, investments, or additional employment, creating multiple streams of income provides financial resilience and opens up avenues for wealth accumulation beyond traditional income streams.
To Learn More: Explore the Many Ways to Make Money
Get Out of Debt
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Break free from the shackles of debt to regain control of your financial future. Eliminating debt not only relieves financial stress but also paves the way for future financial growth and stability. By prioritizing debt repayment, you clear the path for building wealth and achieving your financial goals.
To learn more: How to Get Out of Debt in 5 Easy Steps
Spend less Than You Earn
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Achieve financial stability by ensuring your expenses remain below your income. Embrace the practice of spending less than you earn to avoid debt accumulation and cultivate healthy financial habits. Consider participating in a no-spend challenge to reinforce mindful spending and bolster your savings.
To learn more: No Spend Challenge: The #1 Fastest Way To Save Money
Increase your Saving Percentage
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Boost your financial well-being by incrementally increasing your savings rate. Saving a significant portion of your income, ideally 20% or more, contributes to long-term wealth accumulation and financial security. Adopting this habit allows you to gradually grow your net worth while maintaining financial flexibility and resilience.
To learn more: How Much to Save Monthly – Your Savings Percentage
Give Money Away
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Cultivate generosity by incorporating charitable giving into your financial plan. Whether through donations to worthy causes or acts of kindness, sharing your resources with others not only benefits those in need but also fosters a sense of fulfillment and abundance in your own life. Prioritize giving as a cornerstone of your financial journey.
Keep a Financial Journal
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Track your financial progress and milestones by maintaining a financial journal. Recording your financial goals, achievements, and challenges provides valuable insights into your financial journey and serves as a source of motivation to stay focused on your objectives. Regularly reviewing your journal empowers you to make informed decisions and stay on track toward financial success.
Teach others About Money
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Share your financial knowledge and empower others to achieve financial success. By imparting solid money management skills to those around you, you not only contribute to their financial well-being but also reinforce your own understanding and commitment to sound financial principles. Serve as a mentor and advocate for financial literacy within your community.
Retire on Your Terms
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Take control of your retirement planning to ensure you retire on your own terms. By diligently saving and investing for retirement, you create the financial foundation necessary to maintain your desired lifestyle without relying on earned income. Start planning and saving early to secure a comfortable retirement that aligns with your goals and aspirations.
To learn more: What Happens If you Don’t Save for Retirement
Smart Financial Goals that You Need
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Discover the importance of setting smart financial goals to transform your financial future. Utilize our setting financial goals worksheet to define clear objectives and develop a roadmap for achieving them. Setting smart financial goals empowers you to take control of your finances and pursue a path towards long-term financial success.
To learn more: 10 Smart Financial Goals That You Need
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If you received a raise at work, first things first: Congratulations! Your first impulse may be to celebrate with a big purchase or party. But rather than blowing your salary bump right away, it’s wise to be strategic. Take a little time and consider how you might use that extra cash. It could help you reach some short- and long-term financial goals.
There can be a lot to consider, but keeping a few things in mind may help you figure out the best course of action.
How to Financially Handle a Pay Raise
To help you decide what to do with a pay raise, you’ll want to think broadly, and about the future. Here are a dozen tips that may help you be better informed as you make your decision about what to do when you get a raise.
1. Using It to Get Rid of Debt
Having extra cash is a perfect opportunity to build an emergency fund if you don’t have one or if yours could use a boost. Financial experts advise having at least three to six months’ worth of basic living expenses in the bank. This can tide you over if, say, a big medical bill or car repair hits or if your family were to endure a job loss.
A raise can allow you to set a lump sum of money aside or motivate you to regularly allocate toward your emergency fund so you are financially secure in times of need. 💡 Quick Tip: As opposed to a physical check that can take time to clear, you don’t have to wait days to access a direct deposit. Usually, you can use the money the day it is sent. What’s more, you don’t have to remember to go to the bank or use your app to deposit your check.
2. Using It to Build Your Emergency Fund
Having extra cash is a perfect opportunity to build an emergency fund if you don’t have one or if yours could use a boost. Financial experts advise having at least three to six months’ worth of basic living expenses in the bank. This can tide you over if, say, a big medical bill or car repair hits or if your family were to endure a job loss. A raise can allow you to set a lump sum of money aside or motivate you to regularly allocate toward your emergency fund so you are financially secure in times of need.
3. Re-Evaluating and Updating Your Budgeting
When you get a raise, you may be wondering how to manage this extra cash. There are probably a lot of wish-list items tempting you to increase your spending. Instead of shopping, it may be a good time to reevaluate your budget to see how you can best put your money to work.
Typically, budgets recommend that you first allocate funds toward your mandatory monthly expenses like mortgage, rent and other bills. Next, don’t forget to pay down debt, followed by adding some money to your emergency stash if needed. Have you also thought about retirement funds?
Make sure to figure out how much to save every month and put some of your money to work in a 401(k) or another retirement fund. With the money that’s left, you can spend as you see fit, invest it in the stock market, make charitable donations, or decide other ways to use it.
If you need more guidance on budgeting, look online at different techniques, such as the 50/30/20 budgeting rule, or test-drive some apps that help you see where your money is going and determine how to best manage it.
4. Avoiding Lifestyle Creep
If you are contemplating what to do with a raise, one thing to sidestep is lifestyle creep. That happens when a person makes more money but also spends more of it, typically on luxuries. So if you get a raise and then rent a more expensive apartment or sign up for a luxury-car lease, that’s lifestyle creep. You have bought into some of life’s finer things, but you may wind up just breaking even. In fact, even with more money, you may feel as if you are living beyond your means.
It can be smart to try and avoid this behavior because you don’t want to spend every penny you make. That’s not a healthy financial habit; it doesn’t help you build wealth over time. Yes, you can allow yourself to enjoy some discretionary spending (more on that in a minute). But if you let lifestyle creep happen, it may be hard to make ends meet and find opportunities to save for longer-term goals.
5. Re-Evaluating Your Retirement
When you get a raise, you have a prime opportunity to increase your retirement savings. It may not sound like fun compared to taking a vacation, but allocating money this way can be a good financial strategy to reach your goals.
If you have, say, a 401(k) plan with your employer, you can increase your monthly contribution and possibly snag the employer match, too, which is akin to free money. While it may not feel like a fun use of your raise now, your future self will thank you when you see how well your retirement savings are growing.
6. Invest in Yourself
Consider how your raise might help your long-term wellbeing, your mood, and your quality of life. Would it be wise for you to get in better shape? Have you been having trouble sleeping for a while? Do you feel hungry to learn a new skill? A bit of extra money might help you resolve those situations. Sometimes, not having enough money is a common and valid reason for not doing more of this kind of self-care.
Maybe, with your raise, you can now afford to take a few fitness classes and learn some moves you can do on your own. Perhaps you can work with a therapist on what’s keeping you up at night. Or maybe it would bring you joy to take some guitar lessons or pursue a continuing-ed class in a topic that has always fascinated you. Putting a portion of your raise to work this way can be rewarding on so many levels. 💡 Quick Tip: Want to save more, spend smarter? Let your bank manage the basics. It’s surprisingly easy, and secure, when you open an online bank account.
7. Considering Inflation
Inflation has been very much in the spotlight lately. In recent years, inflation has reached highs not seen in decades. When inflation is high, your purchasing power declines. Simply put, your dollar doesn’t go as far.
If you get a raise during a period of high inflation, do the math. If you receive a 5% raise and inflation is 3.6%, then you are staying (just barely) ahead in terms of your finances. That raise is helping to protect your money against inflation but unfortunately it won’t stretch much further. This perspective is good to keep in mind so you don’t overspend and wind up with debt.
8. Preparing for Taxes
Getting a bump in your salary may impact your tax liabilities; it may nudge you into a higher tax bracket. If this is the case, your tax rate will rise, and you may need to pay out a higher percentage in taxes. Typically, this will only take your effective tax rate up a couple of percentage points, but it can make a difference to your bottom line.
To offset that, you may want to adjust your withholdings with your employer. If more money is withheld during the year, you could owe less or get a refund at tax time. This could help you avoid an unpleasant surprise (namely, a tax bill) come April.
9. Saving up More for a Large Expense
Are you saving for a vacation, a wedding, a home renovation, or a new car? If you have a big-ticket item on the horizon, you may want to put part of your raise towards that goal. It can be a good move for your finances in the long-run. The extra money can help you afford what you are saving toward. You can sidestep debt as you make your dream a reality. By doing so, you’re likely improving your credit and building wealth — it’s a win-win situation.
10. Investing Your Money
Investing your hard-earned money is historically one of the best ways to build wealth. For some, that can be a good reason to allocate some of your raise to increasing their investments.
A good place to start is by creating an investment portfolio with stocks, bonds, exchange-traded funds (ETFs) and other assets. This can be a vital part of making your financial plan.
11. Funding and Starting a Side Hustle
If you dream of building your own business from a hobby someday, you could use money from your raise to start a side hustle. If, say, you love making pastry, you might invest in cookware that will take your game up a notch. Or if creating apps is your passion, perhaps there’s a weekend class that could boost your skills. Keep tabs on how much money you allocate toward this side hustle and make sure these funds put you on a path to building a business.
12. Enjoying Your Financial and Career Successes
Many of these tips for using your raise wisely revolve around paying down debt, achieving long-term financial goals, and building wealth. But of course, do use a portion of your raise to reward yourself. You’ve received a financial award because of your hard work and dedication. You deserve to treat yourself! Whether that means having a fantastic dinner out with a couple of close friends or buying a coat you’ve been eyeing for a while now, you should find a way to mark this happy moment.
Managing Your Finances with SoFi
Getting a raise is an exciting life event. It shows that your hard work has paid off and your career is making progress. But it also means that you need to make some decisions about what to do with your money – it can be both exciting, and nerve-wracking.
Making some smart decisions about saving, investing, or even investing in yourself may be a good path. But again, it’ll come down to you, your goals, and your preferences. It may be helpful to speak with a financial professional, too.
Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.
Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 4.60% APY on SoFi Checking and Savings.
FAQ
How do I avoid spending too much after I get a raise?
Create and stick to a budget. Even though you are making more money, you still have to be conscious over where your cash goes and avoid lifestyle creep, which involves spending more as you earn more. This can make it harder to achieve your financial goals.
Is it okay to treat myself when I get a raise?
It’s definitely reasonable to treat yourself when you get a raise; you earned it! But it’s not a habit that you want to get out of hand. You want to make sure you’re spending within your means and not accumulating debt.
Can a pay raise be a negative?
A raise can potentially be a negative if you spiral into unreasonable spending. You could wind up with debt to deal with. Also, take note if your raise pushes you into a higher tax bracket, which still means you’re making more money, but you’d be paying a higher tax rate on a portion of your earnings.
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SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 4.60% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.60% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.
The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
Thinking about trying out Ipsos iSay? Learn what I think in my Ipsos iSay Review. If you want to earn extra cash from home on your own schedule, you may want to try out Ipsos iSay. Ipsos iSay is a survey company where you can earn points that can be turned into rewards. The surveys…
Thinking about trying out Ipsos iSay? Learn what I think in my Ipsos iSay Review.
If you want to earn extra cash from home on your own schedule, you may want to try out Ipsos iSay.
Ipsos iSay is a survey company where you can earn points that can be turned into rewards. The surveys usually ask about your shopping habits and preferences. For example, they may want to know why you buy certain things.
Using Ipsos iSay is easy. Just sign up and you’ll get survey invitations. Completing these surveys can help you earn extra pocket money.
I have been taking surveys for years, and I think it’s an easy way to make extra money in your spare time at home.
Please click here to sign up for Ipsos iSay and get a free 250 points for joining.
Ipsos iSay Review
Below is my Ipsos iSay Review.
What is Ipsos iSay?
Ipsos iSay is an online survey platform that lets you share your opinions on many different topics. You can also earn points through their referral program for each successful referral to Ipsos iSay.
This is one of the most popular and best survey sites, with millions of users.
Ipsos iSay gives you points for completing surveys. The number of points you earn depends on how long and hard the survey is. For example, a 150-point survey might take 30 minutes to finish. Usually, 500 points equal $5 in rewards.
The points you earn from taking surveys can be redeemed for free gift cards to places like Amazon, Starbucks, Subway, Target, Walmart, Apple, and Visa, as well as PayPal cash.
Recommended reading: 20 Best Paid Survey Sites To Make $100+ Per Month
How Ipsos iSay works
Ipsos iSay is a survey platform where you can earn rewards by sharing your opinions.
To get started, you need to sign up on the Ipsos iSay website, and the signup process is easy and free. You will create a username and password, as well as give basic details like your name, date of birth, gender, email, and country, and this information helps decide which surveys you can take.
After making your profile, there might be more questions to better match you with surveys. Answering these carefully can help you get more surveys that fit you.
Once your profile is ready, you’ll get survey invitations by email. These emails will tell you about the survey, like how long it takes and how many points you can earn. It’s important to respond quickly because surveys can fill up fast.
Some users might get more survey invitations based on their profile and how active they are. So, you will want to make sure to check your email regularly for new surveys, as answering surveys regularly can help you earn more and might also get you more invites.
The surveys are usually easy and quick. They might ask about your buying habits or what you think of a new product.
Sometimes, you might not qualify for every survey. When this happens, don’t get discouraged. There are always new surveys coming.
Why does Ipsos iSay pay you?
Ipsos iSay pays you to take surveys and give your opinions because companies need to know what people think about their products, ads, and services.
These companies hire Ipsos to gather this information. When you share your thoughts, you help them make better products.
Your feedback is really valuable to these companies because they want to know what you like and don’t like. This helps them improve what they sell in the market, as well as how they sell it.
What kind of questions are asked in surveys?
When you take surveys on Ipsos iSay, the questions help companies understand what people like you think.
You might be asked about products you use every day. They could ask what brand of toothpaste you buy or how often you drink soda.
Sometimes, you’ll get questions about ads you see. They might show you a commercial and ask if you liked it or if you remember what it was about.
Other times, questions will focus on your hobbies and interests. They might ask what you do for fun or what sports you watch on TV.
Surveys can also include questions about shopping habits. For example, they might ask about your last trip to the grocery store or how often you shop online.
Lastly, you might be asked about opinions on different topics. They could ask how you feel about a new movie or what you think about a recent news story.
Here’s a quick list of common survey topics:
Products you use
Ads you’ve seen
Your hobbies and interests
Shopping habits
General opinions
Each survey is different, so you won’t get bored answering the same questions all the time!
Here is a screenshot of some of the Ipsos iSay rewards.
How to cash out with Ipsos iSay
Cashing out with Ipsos iSay is simple.
Simply go to the Rewards tab when you are logged into your Ipsos iSay account. On this page, you will be able to see the rewards that are available to you as well as the amount of points that you need in order to get that reward.
Gift cards and prepaid cards are sent to you instantly once you redeem your points. If you redeem your points for PayPal cash (you will need to already have a PayPal account for this to work), then this takes around 3 to 4 weeks.
Here are some examples of what your points are worth on Ipsos iSay:
1000 points for a $10 Amazon gift card
500 points for a $5 Subway gift card
1000 points for a $10 Starbucks gift card
2500 points for a $25 Target gift card
You can also get gift cards to places like Walmart, Apple, Burger King, Dunkin’ Donuts, and Domino’s. Other options include prepaid virtual Visa cards, PayPal cash, and even charity donations to the Ipsos Foundation.
Ipsos iSay user reviews and ratings
I researched around the internet to see real Ipsos iSay reviews. Here’s what I found:
Ipsos iSay has great reviews on TrustPilot, with over 50,000 reviews and an average rating of 4.2 out of 5 stars. Many reviewers say that they received survey invitations regularly and that it is easy to use.
Ipsos iSay also has great reviews on Google Play (there is an Ipsos iSay app as well!), with over 50,200 reviews and an average rating of 4.5 out of 5 stars. There have also been over 1,000,000 downloads of Ipsos iSay just on Google Play.
Ipsos iSay reviews on the App Store were also good, with 3,300 ratings and an average of 4.7 out of 5 stars.
Alternatives to Ipsos iSay
There are many more sites similar to Ipsos iSay that you can sign up for as well. These include:
Prime Opinion
American Consumer Opinion
Survey Junkie
InboxDollars
Pinecone Research
PrizeRebel
User Interviews – This one pays the most, with many paying over $100 an hour.
If you are looking to learn more about each online survey website, I have in-depth reviews on several of them. You can find them below:
Frequently Asked Questions
Below are answers to common questions about Ipsos iSay.
Is Ipsos iSay legit?
Yes, Ipsos iSay is legit. It’s operated by Ipsos, a global market research company that has been around since 1975. The site also has positive ratings on Trustpilot, Apple App Store, and Google Play. Ipsos iSay pays real rewards for the surveys that you answer.
How much does Ipsos iSay pay?
Earnings on Ipsos iSay can vary. Some surveys pay more than others, but most surveys reward you with points. These points can later be redeemed for gift cards, cash, or other rewards. Answering surveys on Ipsos iSay will not make you rich, nor will it be a full-time job. It will simply allow you to earn some side hustle income. I would expect to earn less than $50 a month answering surveys on Ipsos iSay.
Is Ipsos iSay safe? Is Ipsos iSay a scam?
Yes, Ipsos iSay is safe to use. I have been answering surveys for years, and I have never had an issue.
How long does it take for Ipsos iSay to pay out?
The time it takes to get paid from Ipsos iSay can depend on the reward you choose. Gift card rewards are usually faster, typically paid instantly or within a few days. Cash payouts through PayPal may take longer, sometimes up to a few weeks.
What are some tips to get more surveys from Ipsos?
To get more surveys from Ipsos iSay, I recommend making sure your profile is complete and up-to-date. This helps Ipsos iSay match you with more surveys. Also, try to log in regularly to check for new survey opportunities.
Is Ipsos iSay free?
Yes, joining Ipsos iSay and participating in surveys is free. You don’t have to pay anything to become a member or to take surveys.
Ipsos iSay Review – Summary
I hope you enjoyed my Ipsos iSay Review.
Ipsos iSay rewards you for sharing your opinions through surveys. Their surveys are easy to answer, and they typically focus on your shopping habits and preferences. The number of surveys you receive can vary, and availability of surveys depends on your profile and what the target market is that Ipsos iSay is looking for.
The Ipsos iSay points you earn can be exchanged for things like Amazon gift cards and PayPal funds.
I have been answering surveys for years, and it is an easy way to make side income from the comfort of your home without any stress. The questions are always easy to answer and you can even answer them while watching TV or making dinner.
Please click here to sign up for Ipsos iSay and get a free 250 bonus points for joining.
In the fast-paced beat of modern living, maintaining a well-organized apartment isn’t just about tidiness — it’s a gateway to a comfortable living space. Whether you’re a seasoned minimalist or just beginning your journey to declutter, mastering the art of apartment organization can transform your home into a productive environment. From maximizing storage solutions to embracing minimalist principles, these 18 expert tips will guide you through practical strategies to streamline your space, enhance functionality, and cultivate a harmonious environment that reflects your unique lifestyle and preferences. So whether you are renting an apartment in Philadelphia, PA, or a townhouse in Jersey City, NJ, get ready to dive into the essential strategies that experts swear by for achieving a perfectly organized apartment.
1. Start Simply
Starting simply is important because it prevents feeling overwhelmed and ensures that you can maintain momentum without getting discouraged. Starting small allows you to make steady, manageable progress one step at a time.
“No one likes the idea of taking on the entire home at once. It’s simply daunting and unmanageable. So, my first step advice is to start simply,” says A+ Clutter Clearing of Boca Raton, FL. “By doing so, you’ll find early success which helps you build momentum for another task.”
Some examples of a simple start include a bathroom drawer, linen closet, laundry room, or kitchen junk drawer.
2. Utilize “point of use” storage
“Point of use” storage refers to the practice of storing items as close as possible to the location where they are used. This method is convenient ensuring that everything you need for a specific task is within easy reach.
Professional-Organizer.com is a firm believer that the term “point of use” storage makes living in an apartment easier. They say, “store items where these are used, whether in a cabinet or cart, in your home.’ You can store office and school supplies in your designated home office space, linens in the bathroom adjacent to that room, and cleaning supplies under each sink. This way you always have access to what you need when you need it.”
3. Vocalize why you are keeping items or donating them
Vocalizing why you are keeping or donating items helps clarify your intentions and reinforces your decision-making process, making it easier to stay focused and committed to your organization goals.
“As you sort through your clothing, vocalize why you are keeping the items or donating it, remarks The Clutter Curator. “We find it’s so helpful to hear the ‘why’ and it will either validate why you are keeping it or, you might hear yourself and laugh a bit and actually donate the item. Our clothing holds a lot of stories, use this time to relive them and let them go.”
4. Store things vertically
Storing things vertically maximizes your available space by utilizing the often-overlooked height of a room.
“Storing things vertically in drawers will give up to 30% more storage space as opposed to laying things down flat,” shares Kate of Home Love Method. “If your apartment is small, this will allow for maximum storage and you’ll be able to find your things easier.”
5. Tuck things away in cabinets, closets, and drawers
Tucking things away in cabinets, closets, and drawers helps create a clean and uncluttered living space.
“Apartments can feel small and when surfaces are full it can make them feel even smaller. If possible, try to tuck most things away in cabinets, closets, and drawers,” recommends Call Kate Tidy.
6. Try the “one in, one out rule”
The “one in, one out” rule is an effective strategy for maintaining organization by ensuring that for every new item brought into your home, an existing item is removed.
Jennifer A Dwight Ideal Organizing + Design says, “To keep your closet organized, use the ‘one in, one out’ rule. For instance, when considering purchasing a new pair of shoes, decide which pair you already own will be donated or discarded. By being diligent about this, your closet will stay clutter-free.”
7. Purchase dual-purpose furnishings
Purchasing dual-purpose furniture is a smart way to maximize space in your apartment by combining functionality and storage.
“Get multi-functional storage solutions. Any furniture that offers extra storage is a plus. Think beds that have built in drawers and ottomans that have extra storage,” states Pretty Neat.
“Dual-purpose furnishings are the unsung heroes of apartment organization,” raves Organized by Keli based in Denver, CO. Sofa beds, storage ottomans, and nesting tables deliver a one-two punch, ensuring you make the most of your limited real estate without sacrificing style or comfort.”
Introduce a storage ottoman that serves as both seating and a concealed space for blankets, magazines, or toys. This versatile furniture piece minimizes visible clutter and offers extra seating for guests,” adds Organize with Lia.
8. Turn hangers backward in the closet
Turning hangers in the closet backward is a simple yet effective method to identify which clothes you actually wear.
“Turn your hangers backward in your closet. After wearing an item, return the hanger to its normal direction. At the end of the season, you can quickly see what items you have not worn. Consider letting those items go,” recommends Ever So Organized.
9. Set up a charging station for devices
One of the more challenging things to organize in a home is all the electronic devices, such as phones, tablets, and smartwatches.
“Not only are they always on the move, but they also come with a lot of expensive accessories that can easily get lost. To avoid having these accessories as well as cords spread out all over your home, create a charging station in a centralized area, so that you always have a place to park those devices when not in use,” recommends The Swedish Organizer
10. Add a rolling cart
Adding a rolling cart to your apartment provides portable storage that can be easily moved around as needed.
Organized Calm says, “Incorporate a slimline rolling cart for versatile, mobile storage in your bathroom. Use it to hold toiletries, cleaning supplies, or extra towels, ensuring everything is easily accessible. When guests visit, simply roll the cart out of sight to keep the bathroom looking neat without sacrificing functionality.”
11. Take your best notes in the shower
Have you noticed how often you get a great idea or think of something to add to your ever-growing to-do list when you’re showering with no way to write it down?
Oh So Organized shares, “A simple and effective organizing solution is to affix (using suction cups) a waterproof notepad and pencil inside the shower.”
12. Store products in different spots
“A common organizing mistake with small bathrooms is to store all of one product in the same spot,” notes Nonnahs Driskill of Get Organized Already in Pasadena, CA. For example, if you have three tubes of toothpaste, store the extra two in what I call a “drugstore drawer,” which will probably be in a different area of the apartment. You can even put all but one extra roll of toilet paper in another spot.”
13. Use the back of doors
Using the back of doors for storage adds valuable space to your apartment that is often overlooked.
Kate Bosch Professional Organizing remarks, “When organizing a small space like an apartment, don’t forget to use the backs of doors. Hang a clear shoe pocket organizer on this often-overlooked space to hold small gadgets in the kitchen, toiletries, and washcloths in the bathroom, accessories near the front door, cleaning products in a storage closet, small toys in a child’s room, and shoes in your clothes closet.”
14. Use the most valuable spaces wisely
Using the most valuable spaces wisely in your apartment involves prioritizing storage in areas that are both accessible and versatile.
“With any size space, the key to maintaining order and organization is to not have too much stuff,” says Life with Less Mess. “If your apartment is feeling messy or chaotic, before you start organizing, start decluttering. When you have limited real estate, be sure to use the most valuable spaces wisely. The most-accessible cabinets should have the items you use most often. The same applies to drawers and shelves. Put items you use less often in harder to reach spots so they won’t be in the way during day-to-day.”
15. Create categories and add like with like
Creating categories and grouping like items together simplifies organization and enhances efficiency in your apartment.
“This step assists in seeing how much of one category there might be. Bonus, it might aid in removing a few pieces that are unwanted or discovery of ones that might have been forgotten about,” states Organized Simplicity.
“Keep similar items together for easy access. This means mixing bowls stacked in a cupboard, serving platters stored vertically or in a designated area, canned food arranged by type or frequency of use, spices on a spice rack or drawer organizer, or tupperware stacked with their lids in a nearby bin,” adds KAOS Group.
16. Always remember that “less is more”
Remembering that less is more when organizing your apartment encourages a minimalist approach that focuses on quality over quantity. The best part about living in an apartment and trying to stay organized is that many times you have to live simply due to limited storage space.
“The old mantra of ‘less is more’ is never more applicable than in an apartment where you need things to be multifunctional, like appliances that have dual purposes to minimize taking up too much space, or decorative baskets that serve as design pieces but ultimately help hide your things. This can be accomplished in every room of the house to help save space and stay organized,” shares Decluttered LLC.
17. Designate drop zones
Designating drop zones in your apartment establishes specific areas where items are consistently placed upon entering.
Charlottesville Organizing remarks, “Designate specific areas in your home as drop zones for frequently used items such as keys, mail, coats, or bags. This prevents clutter from spreading throughout the house to ensure that essential items are easily accessible when needed. Consider using specific tools like bowls for keys, hooks for coats, or bins for pet items to enhance functionality for these zones.”
18. Let go of the past and keep an extra hamper for donation items
Letting go of the past and keeping an extra hamper for donation items allows you to efficiently separate belongings you no longer use or need.
“Letting go of the past is key to getting organized,” says Tonia Cordi. “Often we hold onto past experiences of not having enough, or the fear of ‘what if’ which keeps us attached to physical belongings, beliefs and thoughts that create clutter in our lives. Before getting started in a room, ask yourself what am I holding onto from the past that is stopping me from letting go and living in the present.”
Once you’ve reflected on what you need to give up. Start by keeping an extra hamper for donation items.
“One system that I always like to set up for clients in their closets is having an extra hamper in their bedroom or closet that is designated just for donation items. Having the extra hamper labeled ‘donations’ already set up, makes it easy for us to make that quick decision of donating when we don’t like something. Rather than trying on a shirt, not liking it, then throwing it back in your closet or drawer, why not throw it in the donation basket right away? Then, when the basket is full, all you have to do is take the garbage bag out and drop it off at the donation center,” shares All About Organizing.
In the fast-paced beat of modern living, maintaining a well-organized apartment isn’t just about tidiness — it’s a gateway to a comfortable living space. Whether you’re a seasoned minimalist or just beginning your journey to declutter, mastering the art of apartment organization can transform your home into a productive environment. From maximizing storage solutions to embracing minimalist principles, these 18 expert tips will guide you through practical strategies to streamline your space, enhance functionality, and cultivate a harmonious environment that reflects your unique lifestyle and preferences. So whether you are renting an apartment in Philadelphia, PA, or a townhouse in Jersey City, NJ, get ready to dive into the essential strategies that experts swear by for achieving a perfectly organized apartment.
1. Start Simply
Starting simply is important because it prevents feeling overwhelmed and ensures that you can maintain momentum without getting discouraged. Starting small allows you to make steady, manageable progress one step at a time.
“No one likes the idea of taking on the entire home at once. It’s simply daunting and unmanageable. So, my first step advice is to start simply,” says A+ Clutter Clearing of Boca Raton, FL. “By doing so, you’ll find early success which helps you build momentum for another task.”
Some examples of a simple start include a bathroom drawer, linen closet, laundry room, or kitchen junk drawer.
2. Utilize “point of use” storage
“Point of use” storage refers to the practice of storing items as close as possible to the location where they are used. This method is convenient ensuring that everything you need for a specific task is within easy reach.
Professional-Organizer.com is a firm believer that the term “point of use” storage makes living in an apartment easier. They say, “store items where these are used, whether in a cabinet or cart, in your home.’ You can store office and school supplies in your designated home office space, linens in the bathroom adjacent to that room, and cleaning supplies under each sink. This way you always have access to what you need when you need it.”
3. Vocalize why you are keeping items or donating them
Vocalizing why you are keeping or donating items helps clarify your intentions and reinforces your decision-making process, making it easier to stay focused and committed to your organization goals.
“As you sort through your clothing, vocalize why you are keeping the items or donating it, remarks The Clutter Curator. “We find it’s so helpful to hear the ‘why’ and it will either validate why you are keeping it or, you might hear yourself and laugh a bit and actually donate the item. Our clothing holds a lot of stories, use this time to relive them and let them go.”
4. Store things vertically
Storing things vertically maximizes your available space by utilizing the often-overlooked height of a room.
“Storing things vertically in drawers will give up to 30% more storage space as opposed to laying things down flat,” shares Kate of Home Love Method. “If your apartment is small, this will allow for maximum storage and you’ll be able to find your things easier.”
5. Tuck things away in cabinets, closets, and drawers
Tucking things away in cabinets, closets, and drawers helps create a clean and uncluttered living space.
“Apartments can feel small and when surfaces are full it can make them feel even smaller. If possible, try to tuck most things away in cabinets, closets, and drawers,” recommends Call Kate Tidy.
6. Try the “one in, one out rule”
The “one in, one out” rule is an effective strategy for maintaining organization by ensuring that for every new item brought into your home, an existing item is removed.
Jennifer A Dwight Ideal Organizing + Design says, “To keep your closet organized, use the ‘one in, one out’ rule. For instance, when considering purchasing a new pair of shoes, decide which pair you already own will be donated or discarded. By being diligent about this, your closet will stay clutter-free.”
7. Purchase dual-purpose furnishings
Purchasing dual-purpose furniture is a smart way to maximize space in your apartment by combining functionality and storage.
“Get multi-functional storage solutions. Any furniture that offers extra storage is a plus. Think beds that have built in drawers and ottomans that have extra storage,” states Pretty Neat.
“Dual-purpose furnishings are the unsung heroes of apartment organization,” raves Organized by Keli based in Denver, CO. Sofa beds, storage ottomans, and nesting tables deliver a one-two punch, ensuring you make the most of your limited real estate without sacrificing style or comfort.”
Introduce a storage ottoman that serves as both seating and a concealed space for blankets, magazines, or toys. This versatile furniture piece minimizes visible clutter and offers extra seating for guests,” adds Organize with Lia.
8. Turn hangers backward in the closet
Turning hangers in the closet backward is a simple yet effective method to identify which clothes you actually wear.
“Turn your hangers backward in your closet. After wearing an item, return the hanger to its normal direction. At the end of the season, you can quickly see what items you have not worn. Consider letting those items go,” recommends Ever So Organized.
9. Set up a charging station for devices
One of the more challenging things to organize in a home is all the electronic devices, such as phones, tablets, and smartwatches.
“Not only are they always on the move, but they also come with a lot of expensive accessories that can easily get lost. To avoid having these accessories as well as cords spread out all over your home, create a charging station in a centralized area, so that you always have a place to park those devices when not in use,” recommends The Swedish Organizer
10. Add a rolling cart
Adding a rolling cart to your apartment provides portable storage that can be easily moved around as needed.
Organized Calm says, “Incorporate a slimline rolling cart for versatile, mobile storage in your bathroom. Use it to hold toiletries, cleaning supplies, or extra towels, ensuring everything is easily accessible. When guests visit, simply roll the cart out of sight to keep the bathroom looking neat without sacrificing functionality.”
11. Take your best notes in the shower
Have you noticed how often you get a great idea or think of something to add to your ever-growing to-do list when you’re showering with no way to write it down?
Oh So Organized shares, “A simple and effective organizing solution is to affix (using suction cups) a waterproof notepad and pencil inside the shower.”
12. Store products in different spots
“A common organizing mistake with small bathrooms is to store all of one product in the same spot,” notes Nonnahs Driskill of Get Organized Already in Pasadena, CA. For example, if you have three tubes of toothpaste, store the extra two in what I call a “drugstore drawer,” which will probably be in a different area of the apartment. You can even put all but one extra roll of toilet paper in another spot.”
13. Use the back of doors
Using the back of doors for storage adds valuable space to your apartment that is often overlooked.
Kate Bosch Professional Organizing remarks, “When organizing a small space like an apartment, don’t forget to use the backs of doors. Hang a clear shoe pocket organizer on this often-overlooked space to hold small gadgets in the kitchen, toiletries, and washcloths in the bathroom, accessories near the front door, cleaning products in a storage closet, small toys in a child’s room, and shoes in your clothes closet.”
14. Use the most valuable spaces wisely
Using the most valuable spaces wisely in your apartment involves prioritizing storage in areas that are both accessible and versatile.
“With any size space, the key to maintaining order and organization is to not have too much stuff,” says Life with Less Mess. “If your apartment is feeling messy or chaotic, before you start organizing, start decluttering. When you have limited real estate, be sure to use the most valuable spaces wisely. The most-accessible cabinets should have the items you use most often. The same applies to drawers and shelves. Put items you use less often in harder to reach spots so they won’t be in the way during day-to-day.”
15. Create categories and add like with like
Creating categories and grouping like items together simplifies organization and enhances efficiency in your apartment.
“This step assists in seeing how much of one category there might be. Bonus, it might aid in removing a few pieces that are unwanted or discovery of ones that might have been forgotten about,” states Organized Simplicity.
“Keep similar items together for easy access. This means mixing bowls stacked in a cupboard, serving platters stored vertically or in a designated area, canned food arranged by type or frequency of use, spices on a spice rack or drawer organizer, or tupperware stacked with their lids in a nearby bin,” adds KAOS Group.
16. Always remember that “less is more”
Remembering that less is more when organizing your apartment encourages a minimalist approach that focuses on quality over quantity. The best part about living in an apartment and trying to stay organized is that many times you have to live simply due to limited storage space.
“The old mantra of ‘less is more’ is never more applicable than in an apartment where you need things to be multifunctional, like appliances that have dual purposes to minimize taking up too much space, or decorative baskets that serve as design pieces but ultimately help hide your things. This can be accomplished in every room of the house to help save space and stay organized,” shares Decluttered LLC.
17. Designate drop zones
Designating drop zones in your apartment establishes specific areas where items are consistently placed upon entering.
Charlottesville Organizing remarks, “Designate specific areas in your home as drop zones for frequently used items such as keys, mail, coats, or bags. This prevents clutter from spreading throughout the house to ensure that essential items are easily accessible when needed. Consider using specific tools like bowls for keys, hooks for coats, or bins for pet items to enhance functionality for these zones.”
18. Let go of the past and keep an extra hamper for donation items
Letting go of the past and keeping an extra hamper for donation items allows you to efficiently separate belongings you no longer use or need.
“Letting go of the past is key to getting organized,” says Tonia Cordi. “Often we hold onto past experiences of not having enough, or the fear of ‘what if’ which keeps us attached to physical belongings, beliefs and thoughts that create clutter in our lives. Before getting started in a room, ask yourself what am I holding onto from the past that is stopping me from letting go and living in the present.”
Once you’ve reflected on what you need to give up. Start by keeping an extra hamper for donation items.
“One system that I always like to set up for clients in their closets is having an extra hamper in their bedroom or closet that is designated just for donation items. Having the extra hamper labeled ‘donations’ already set up, makes it easy for us to make that quick decision of donating when we don’t like something. Rather than trying on a shirt, not liking it, then throwing it back in your closet or drawer, why not throw it in the donation basket right away? Then, when the basket is full, all you have to do is take the garbage bag out and drop it off at the donation center,” shares All About Organizing.
Inside: Get a financial budget binder to help stay on track with spending and saving goals. Learn how to use it as a guide to help you reach your financial goals! Stay motivated.
I know that when my family and I set a goal for saving money in our budget binder, we’re more likely to do so because we have visual reminders throughout the year of how much has been saved and what still needs to be done.
When it comes to financial goals, we want them all.
For example, you are trying to save more money or pay off debt, but you cannot track the progress you are making or find ways to make it happen.
You need to create a cute budget binder so you know the overall picture of finances and how it lines up with other events in your life.
It can be time-consuming to create a financial plan because most people lack what needs to be included. Save yourself some time and energy by using a personalized budget binder.
This in-depth guide provides step-by-step instructions on how to set up your budget binder along with downloadable worksheets to help get you started.
Learn how to create your budget binder and what tasks you can break up into sections for each week of the year.
Also, find out why it is important to be specific with your goals and how goal-setting can help us reach our financial goals faster!
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.
What is a Budget Binder?
Budget binders are designed to keep track of expenses and income.
A budget binder is a tool that helps you organize your finances and plan for the future.
They can be used for various purposes, such as budgeting, tracking your spending habits, maintaining a financial diary, or even identifying the best times to save money.
Why a Budget Binder Matters?
It’s important to start this as early as possible because it will help keep you on track with your money goals and make sure you’re saving enough money for them.
A budget binder is a place where you can keep your personal finance worksheets. Each budget sheet found in the budget binder is tailored specifically to each person, so if there are certain aspects of managing your finances that aren’t working well for you, then it would be best to bring those sheets up with someone who can help fix them.
You can use it to create your own budgets from scratch or use a paid template.
If you’re creating your own personal budget sheets, don’t worry too much about making them Pinterest perfect! If they work for you, that’s what matters.
The Benefits Of a Budget Binder
It is important to have a budget binder. This is especially true for those who are looking to pay off debt or manage their finances in the future.
The benefits of using this budget binder as a tool include:
Helping you organize your finances and stay on track with your financial goals.
Providing insight into how much money you spend, where it goes, and what can be done about that.
Showing you exactly what steps will help you fix your current situation.
Ultimately, budget binders can help people with their personal finances by helping them stay out of the red and save for a rainy day.
It also helps in managing expenses and debt, which is important for saving up to live off of while still having some convenience. Plus anyone has access to the binder if they need it and can pick it up without skipping a beat.
With financial freedom comes an easier life where you don’t have to worry about money management and enjoy time freedom from your busy schedule because it all becomes automated!
Plus… This budget binder is also a great tool to use with children because it teaches them about saving up for their goals. This will teach kids that they can’t have everything right now and need to save.
How To Make a Budget Binder
A “Budget Binder” is a binder that contains the various budget printables for different places on the internet. These include sheets to help you get started, and use whatever sheets apply to your needs.
If you are tired of losing track of your finances and overspending money more than you would like. You don’t want to stress about what you spend or how much money is left over for retirement.
Let’s keep things simple with a custom budget binder!
This space-saving product will help you organize all of your receipts and bills so that nothing falls through the cracks, while still being stylish at the same time!
To help you get started, check out the Money Bliss Budget Binder.
What supplies do I need to put together a Budget Binder?
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
The budget binder can be as simple or fancy as you like and that’s the beauty of it – you’re creating something that you actually stick with!
At the end of the day, you need something to stay organized and keep you motivated.
Here are the supplies you need for your binder:
Binder: A 3-ring binder will do just fine. I use a 1″ inch binder and that suits my needs just perfectly. Here are some binders to choose from.
Dividers: Your budget binder will be divided into sections. So you need 5 or 8 tab dividers. Here are the ones with binder pockets (that I prefer) or ones without pockets.
Clear Sleeves: These are great to keep your vision board front and center as well as any other current financial goals you are working on.
Fun Colorful Pens: You need pens that will motivate you to actually use the binder. When I first started using my budget, it was hard because not many people know about this system. So what I did is I bought a pack of pens in my favorite color and I put them right on the inside cover. These are the pens I love!
Highlighter Set: This is a necessity. I have found color coding to be helpful and it makes the process of bill paying more fun. Especially, when you are coloring in your debt payoff chart or saving money chart. These are the marker set I use!
Sticky Notes: Let’s face it… we all love to use sticky notes.
Cash Envelopes: This is extremely helpful if you use the cash envelope system. You always know where your envelopes are located. Find cash envelopes that fit into your binder.
Printer: You have one of two options. You can print all of your budget binder printables from home or you can take them to get printed. The choice is totally yours. Personally, I have found laser printers to have the best value for printing at home.
Hole Punch: I would recommend a heavy-duty hole punch. This is something that will get heavy use and is easy to slide into a desk drawer.
Paper: Lastly, let’s talk about the paper. For the budget printables you use the most, you may want to upgrade from the basic 20# copy paper. You will see the difference by using at least 24#.
Budget Binder Categories
In your budget binder, you will need various sections to help you reach your money goals and improve your money management skills.
Specifically, this is what should be in a budget binder:
How many accounts do you have
How many credit cards are open
Any outstanding debt unpaid
How you want to live your life with money
When your bills are due
How to handle that stack of paperwork and mail
A budget
Your net worth
Your credit score
Investment summary
Your first money goal
Your vision board
You can also use these printable binders for keeping track of bills, debts, savings, expenses, and more!
Whatever your goal is for the financial aspect of your life, you can create a binder that will help motivate and inspire you to work towards it.
Budget Binder Printables
A budget is the most important tool to get your finances under control.
The Budget Binder Printables are a great way for you to create and stick with your own personal budget that has goals, targets, and an overall financial plan. It allows you to stay on track of what’s going into each account so that it can be tracked regularly throughout the year (and even before then).
A budget binder is a living and constantly used document that contains all of your financial and personal information, such as income and expenses.
These are the types of budget binder printables you need:
Establishing a budget.
Listing monthly goals as well as long term vision.
Organizing personal information into categories.
Tracking income and expenses.
Bill Payment tracker
Saving tracker
Debt payment tracker
The Budget Binder Printables is a great way to stay motivated with your financial goals.
It will give you the motivation and tools that you need in order to achieve what it takes.
It’s important to keep track of your income and expenses so you can stay on track with your goals.
Budget Binder Ideas
Many people have their own budget binders in order to help them practice spending only the amount that they earn and to motivate them to earn more income.
By creating your own budget binder, you are able to utilize whatever inspiration you want which is why one can use their binder as whatever motivates them. If you are looking to save money, then the budget binder can be full of pictures and graphics about saving up or getting out of debt.
Typically, I recommend making your own budget binder because it gives you the flexibility to add to it.
Many people rave about their budget binder with envelopes as well.
However, looking at other budget binders will give you the best budget binder ideas. Here are some great examples:
Budget Binder from Walmart
Here are the Budget Binders you can find at Walmart. As always, we look for those with higher reviews!
Walmart is known when you need somewhere cheap to buy all their necessities, that is the place to go!
Pen+Gear 5.5″ x 7.5″ Budget Planner, 80 Pages
Track your spending and set your financial goals with our Pen+Gear Budget Planner.
This colorful 80-page planner is designed to help you keep your budget on track while staying organized when it comes to your spending. With guided prompts for tracking spending and financial goals, this handy-dandy planner is a must-have item for any parent, student, traveler, busy body, or young professional.
Use the labeled sections to keep track of things like housing costs, entertainment spending, your emergency savings account, and even charitable donations. Plus, its compact size makes it easy to plan your budget from anywhere you are, wherever you go.
Buy Now on Walmart
12-Month Budget Planner Bill Tracker Organizer with Calendar and Pockets
Whether you’re managing your household finances, just venturing out on your own or running a small business, the Budget Binder is your comprehensive guidebook to help you stay on track to your dreams (and thrive within your means!).
Knowing your financial status each day/week/month is powerful intel that you can use to make good decisions about your money. Good decisions add up to a financial future you dream of! The first step of this journey is yours.
Buy Now on Walmart
Budget Binder on Etsy
Handmade items are becoming more popular, and Etsy is a great place to find them. If you are interested in purchasing an item that has been personalized, the seller might still be able to do so for you.
An Etsy budget binder is a unique way of keeping your financial goals in one easy-to-access location. It can be made from any material you choose – paper, cloth, or even wood! You can use it as a planner or just have it sit on your desk as a decoration.
This PAYCHECK BUDGET planner is perfect for those who want to track their planned paycheck income, savings, and expenses against the actual amounts. Use this either to track your income and expenses during each paycheck period, or for the month.
Flexible to use for either traditional budgeting or for zero-based budgeting. With zero-based budgeting, all of your income is accounted for specific expenses and savings.
This Budget Planner’ is based on the zero-based budget method, which is a great way to keep your finances in order and gives every dollar you earn a job to do.
By using this budget planner, you can understand exactly where your money is going and help you get on track with your finances.
You will be able to notice patterns in your spending behavior, whether good or bad, and gain control over your spending habits to reach your financial goals.
Buy Now on Etsy
Digital Budget Planner
If you’re ready to take control of your money, this is the tool for you. This digital budget planner was created to help you think critically about your spending habits and make better decisions with your money.
A hyperlinked PDF that can be used with your Apple iPad or Android device, stylus and favorite annotation app.
It includes a monthly and paycheck budget, along with a debt, expense & bill tracker, just to name a few. It’s the perfect tool for anyone looking to get their finances in order.
Buy Now on Etsy
Printable Finance Planner Print at Home Budget Plan Budget
This print at home page is one of our many, printable planner pages. It is perfect to assist you in planning your life, and keeping on top of your day-to-day life.
You will receive (instant download) .pdf files, which are ready to be printed at home or sent to a printing company for more professional printing.
Buy Now on Etsy
Budget Binder at Amazon
The best part of shopping for Budget Binders at Amazon is two-day shipping. Also, the prices tend to be more competitive than you would find elsewhere.
Even if you cannot decide which one you like put it in your cart for later or create a wish list of the budget binders you are considering.
Clever Fox Budget Planner & Monthly Bill Organizer with Pockets
Are you looking for the best monthly budget planner to keep your finances organized?
Clever Fox Budget Book will help you keep your money organized, spend well, start saving, set and achieve financial goals.
It can help you to manage all your personal finances, savings, budgets, debt, payments, bills due, cash flow and expense tracking in 1 place.
Buy Now on Amazon
02/19/2024 11:52 am GMT
Smart Planner Budget Book
63,28 €
Take control of your personal finances with our 12-month budget planner.
Containing a wide variety of trackers, calendars and budget planning sheets. This financial planner is ideal for tracking your income, expenses, budget, savings and money goals.
Buy Now on Amazon
02/19/2024 11:57 am GMT
Gogirl Budget Planner and Monthly Bill Organizer
Are you looking for the best compact monthly budget planner to keep your finances organized?
GoGirl Finance Planner will help you keep your money organized, spend well, start saving, and set and achieve your financial goals. It can help you to manage all your personal finances, savings, budgets, debt, payments, bills due, cash flow and expense tracking in one place.
Buy Now on Amazon
02/19/2024 11:53 am GMT
Lamare Budget Planner
A budget planner should help you gain control over your finances – but too many people LACK THE TOOLS to truly make a change.
The Lamare Budget Planner and money saver features highly effective money planner tools, including a Daily Spending & Budget Tracker, bill tracker, Money Saving Organizer, Debt Tracker, goal setter, and Monthly & Yearly budget overviews.
A 12 month plan to get you on your way to financial freedom.
Buy Now on Amazon
02/19/2024 11:57 am GMT
Budget Binder at Target
Most women like to shop at Target. they want clothes that are affordable without sacrificing style. Consumers flock to the chain for its wide selection of trendy items, reasonable prices, and convenient location.
Plus with curbside service, you can order online and pick-up same day!
Budget Binder Cover Ideas
Every personal goal, small and large, starts with a dream.
Without knowing it intuitively, we can think of something we want or want to do and you can make it a reality.
With your cute budget binder, create a cover page that you will love and inspire you.
This is something you will identify once you make your smart financial goals.
Are you ready to Make Your Budget Binder DIY
A budget binder is a DIY money tool for beginners and everyone along their money journey.
It contains a worksheet with the different parts of your budget and an open-ended spreadsheet to track how much you spend on each area.
If you want to live life with intention, creating a budget binder will help your progress faster.
Since the budget binder is a physical binder in which you keep all of your monthly bills, receipts, and other expenses. It is best to create a Budget Binder DIY.
It is easier for you to live life on your terms when you live below your means. The budget binder, whether in paper or digital format, can help you organize your tasks for productivity and success.
Once you finish yours, please share pictures with us!
This is one tool that will help you find long term financial success.
Whether you track your spending or use an app like Simplifi, having this tool at hand can help with staying on track financially even though there are always going to be unexpected expenses such as a broken appliance.
Now, learn how to budget on a low income.
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.
If you’re reading this article because you have only one day in Phoenix to experience all this city has to offer, then you’ve come to the right place! Whether you’re exploring the town for vacation or trying to decide on renting an apartment in Phoenix or even buying a home in Phoenix, ApartmentGuide can help you plan the ideal day.
Below, you’ll find a wealth of restaurants, activities, and parks handpicked by Phoenix locals. Your task is to look through the list, selecting one item from each step to create your ideal itinerary. Feel free to choose more than one option if you wish! Think of this as a “Choose Your Own Adventure” for exploring a new city. The goal is for you to get a crash course in what it’s like to live in Phoenix.
Step one:
Try a new experience
During your stay in Phoenix, try out some of the new activities the city has to offer. Below is a selection of experiences, from coffee classes to skydiving to cowboy towns. Choose one or a few to explore during your stay.
Take a class at Infusion Coffee & Tea Crafters: “Not to plug ourselves, but our International Barista and Coffee Academy is a great valley find. We offer classes on coffee roasting, tea, and more.” – Leo of Infusion Coffee & Tea Crafters.
Attend the VNSA Book Sale: “If you’re a book lover or know one, you must plan to attend the annual VNSA Book Sale at the State Fairgrounds held every February. Each year, VNSA will sell five semi trucks full of books and media that they collected from donations all year long. With no paid staff, all proceeds benefit human service charities in Maricopa County. When you’re finished with those books, donate them to VNSA anytime using dropboxes located all over the Valley.” – VNSA Volunteer Staff.
Phoenix Skydive Center: “Visit the upscale Skydive Center in AZ. Our staff is experienced and certified by the United States Parachute Association. We offer a first-time skydiving experience to all adults: No experience or training required. We offer student and military discounts and holiday specials all year. Video and Photos available to share with friends and family.” – Phoenix Skydive Center.
Commemorative Air Base AZ: “You can see, touch, and hear the aircraft that made America safe. You can feel the history and the energy of our Airforce heroes from the past. It’s very affordable and free to vets and Gold Star Families. If you want to step it up you can even book a flight on one of these historic warbirds.” – Phoenix Skydive Center.
Rainbow Ryders Hot Air Balloon Ride: “Take a hot air balloon ride over Phoenix and Scottsdale with Rainbow Ryders. The best view of the Sonoran Desert and the Phoenix Skyline. The sunrise flight is like no other flight you’ve ever had. The cool Phoenix mornings with the sunrise over the desert is the best way to start a day.” – Phoenix Skydive Center.
Cave Creek: “This area is second to none being one of AZ’s most authentic cowboy towns to this day! Be sure to visit Harold’s Corral to experience their live music, fundraisers, sporting events, and more! If you’re feeling spunky, pop over to the Buffalo Chip for their bull riding nights. Enjoy endless views of the surrounding mountains and hike the various trails like those at Spur Cross.” – Haleigh Shelly of Paseo Homes AZ.
Visit one of Phoenix’s farmer’s markets: “You can find unique gifts, delicious food, and many handmade products. Go out and soak up the beautiful Arizona sunshine on Saturday markets and don’t forget to visit us while you are there!” – Absolutely Delightful Honey.
Plant Stand of Arizona: “This is a great place to check out. It’s not often you see so much greenery in Arizona. They have a plethora of plants: small and large, everything in between. If you’re new to Arizona and you’re looking for a place to get some plants to warm up and liven your space, Plant Stand of Arizona is the place to go.” – Leo of Infusion Coffee & Tea Crafters.
Step two:
Enjoy the local food
If you’re kicking around the idea of renting a home in Phoenix, you have to get acquainted with the local food. Though Tucson may get all the attention for being a UNESCO City of Gastronomy, Phoenix is not to be overlooked for all the great food selections.
Word Of Mouth Grill: “Located in the heart of South Tempe, this black-owned BBQ spot offers a casual modern dining experience, serving amazing food with a sociable and inviting atmosphere. It’s a family-owned and operated spot with the owner being the pitmaster and his wife overseeing the guest experience. YELP just added Word Of Mouth Grill to their “TOP 100 BBQ SPOTS” and ranked them #72 in the nation!” – Demetrious & Jacque of Word Of Mouth Grill.
Chico Malo: “Located in downtown Phoenix, this elevated Mexican cuisine & cocktail bar is inspired by the rich heritage of celebratory dining throughout the different regions of Mexico, showcasing unique cooking techniques and local ingredients in a lively, upscale environment. This chef-driven concept is a great place to experience especially when attending the Footprint Center, Chase Field or the Phoenix Convention Center!” – Demetrious & Jacque of Word Of Mouth Grill
ZuZu Restaurant: “One recommendation I would make for someone that wants a delicious meal with a great ‘60s vibe, is ZuZu Restaurant inside of the Hotel Valley Ho. ZuZu provides upscale comfort food & cocktails with a very Instagrammable 60’s atmosphere. If you are not interested in eating, Hotel Valley Ho allows you to purchase a day pass to their pool if you are not a guest of the hotel so you can spend your day lounging by their pool.” – Andrew Brigida of Digital Perception Photography.
Giuseppe’s on 28th: “If you are looking for classic Italian cuisine, Giuseppe’s is the perfect place. One of the must-try dishes is the Suppli di Riso (also known as arancini). These are delicious risotto rice balls that you are sure to talk about afterwards. And you cannot forget about the gnocchi in a cream and tomato sauce.” – Therese Lau of Gator Girl – Out of the Swamp.
The Kettle Black: “Look for the restaurant with the big red door! It’s like being in an English pub. If you like bourbon and whiskey they have plenty of choices. Looking for something delicious? Try the Philly cheesesteak fries. The fries are covered in shaved ribeye steak, sauteed peppers and onions, and a creamy cheese sauce. The ribeye is so tender and juicy you might think you’re in Philly!” – Therese Lau of Gator Girl – Out of the Swamp.
Ajo Al’s Mexican Cafe: “If you are in the mood for Mexican food, a classic restaurant is Ajo Al’s Mexican Café. In the valley since 1986, Ajo Al’s can handle large parties and can provide family-style dishes on request for large celebrations, or if you just like to eat a lot of good Mexican food. Don’t want to leave the house for your birthday? They can also provide catering services directly to your door.” – Andrew Brigida of Digital Perception Photography.
Step three:
Get fueled up
Phoenix is also home to several eclectic coffee shops featuring innovative decorations and displays. Kaylie of the travel blog Run Away With Kay is the perfect person to scour the city for the best coffee shops and come back with her recommendations. Here are three of her favorites:
Sip Coffee: “Located in the Arcadia neighborhood, Sip Coffee & Beer Garage is the perfect spot to spend a summer day. The baristas know their stuff, and the vibe is super calm and chill. I highly recommend ordering their cold brew on tap with a splash of almond milk (it’s addicting!). I’ve spent an entire day sitting quietly working on my laptop, as it is a great place for creatives to connect and get work done. But beware, when the clock strikes 4 p.m., this coffee shop can get a bit rowdy as their downstairs turns into a tiki-style cocktail bar. A coffee shop that serves coffee and alcohol – I know, sounds too good to be true! Whether you are looking to order a basic latte, craft beer, or liquor-infused espresso martini, Sip will have the drink for you.”
Luci’s At the Orchard: “If you are looking for a unique coffee experience, look no further than Luci’s At the Orchard. This place could not be any cuter! From the moment you walk on their grounds, you’ll be surrounded by outdoor seating, a splash pad, and an ice cream parlor. Inside, there are so many fun trinkets, games, and random Arizona-based gifts you can purchase. Not only do they have great tasting coffee options, but they also serve smoothies, brunch food, and bloody Marys that will keep you coming back time and time again.”
The Henry: “As if I don’t talk about The Henry enough, it has to make my top list for coffee. Many locals know The Henry for their delicious food but inside is their own coffee bar that will satisfy any caffeine craving you may have. This is one of my favorite places to “work from home” as it keeps me fueled all day long. Their menu is extensive, offering espresso, smoothies, and chai. Everyone seems to be addicted to the Wildflower, but I have yet to try it. I truly think you can’t go wrong with any of their options. Be sure to order the Caramel Apple French Toast if you start to get hungry!”
Step four:
Explore a park or lake
Part of Phoenix’s allure is the multitude of outdoor recreational activities. With so many beautiful parks to explore, the hiking culture here is incredible. If you enjoy the outdoors, choose one of the activities below to explore.
Papago Park: “This is an excellent spot for many things. It is a photographer’s dream with the beautiful sunrises or sunsets depending on when you are going. There are also picnic tables if you want to have a small gathering with family and friends. There is not a bad spot in Papago Park for a photo opportunity. – Andrew Brigida of Digital Perception Photography.
Phoenix Zoo: “Located in Phoenix just East of the Sky Harbor Airport, this non-profit zoo cares for over 3,000 animals with nearly 400 species represented, including many endangered species. The zoo offers daily activities and private events. They offer zoo tours such as the ‘Backstage Adventure’ where you can get a glimpse of the animal habitats, the ‘Tropics Trail’ a lush rainforest landscape with animals or the ‘Native Plants and Animal’ tour, to name a few. The Phoenix Zoo is great for all ages and interests!” – Demetrious & Jacque of Word Of Mouth Grill
Tonto National Forest: “So many options to stay busy in the Tonto National Forest! Spending the day out on Bartlett Lake with a boat or ski rental is a great way to stay cool during AZ’s hottest months. You can even enjoy various options of guided tours to experience the desert firsthand! If you’re feeling extra adventurous, take a trip to Apache Junction for the Goldfield Ghost Town experience!” – Haleigh Shelly of Paseo Homes AZ.
The Superstition Mountains: “The Superstition Mountains are the best mountains to explore around the Phoenix area! They hold some of the best views, diverse landscapes, and even historical tales of lost gold. The most notable hikes for beginner to moderate levels are Hieroglyphic Trail, Wave Cave, and Hackberry Springs Loop.” – Kara Grimes of Karabou Adventures, LLC.
Lake Pleasant: “There are so many things to do at Lake Pleasant, especially during the summer. The opportunities are endless: kayaking, scenic cruises with Lake Pleasant Cruises, boat rentals, and sliding down the H2-WHOA floating slide. Oftentimes my friends and I will park along the shoreline in Scorpion Bay to hangout, float in the water, and grill food!” – Kara Grimes of Karabou Adventures, LLC.
Desert Botanical Garden: “For plant and bird lovers I highly suggest the Desert Botanical Garden! Their collection of desert plants is impressive. A lot of them bloom in the spring time and bring in all types of birds and butterflies. The gardens even hold special seasonal events, so take a peek at their calendar!” – Kara Grimes of Karabou Adventures, LLC.
Explore the Valley area: “Phoenix has some of the finest dining options in the valley like the infamous Wright Bar at Arizona Biltmore (named after Frank Lloyd Wright)! You can also experience many great works of art and architecture like viewing Taliesin West, Frank Lloyd Wright’s winter home. And there is nothing like witnessing firsthand a beautiful Arizona sunset atop one of the most desirable hikes at Camelback Mountain for those who can handle the challenge!” – Haleigh Shelly of Paseo Homes AZ.
Step five:
Grab a drink and reflect
Now that you’ve explored Phoenix in a whirlwind of a day, it’s time to get a drink at one of the local breweries and reflect on the day you’ve had today. What did you like? What did you not like? Could you see yourself renting a house in Phoenix or buying a home?
The Phoenix Beer Co.: “The Phoenix Beer Co. is another great place to explore. The brewery has great beer and a variety of things to do. There’s shuffleboard, giant Jenga, cornhole, and more! – Leo of Infusion Coffee & Tea Crafters.
Huss Brewing: “Looking for a great place for craft beers? Huss Brewing is the perfect spot conveniently located next to the Phoenix Convention Center. They have great shareable appetizers to enjoy while sampling the local brews.” – Therese Lau of Gator Girl – Out of the Swamp.
Tombstone Brewing Company (North): “Located in a small strip mall in the north of Phoenix, this brewery was a lot of fun. I sat at the bar where a super-friendly bartender was happy to talk with me about the beer selection.” – The Beer Thrillers.
Wren Brewing House: “There are a lot of little nooks where you can find an intimate spot and a large space near the bar if you want to be part of the taproom vibe. A small courtyard is near the side of the bar for sitting outside.” – The Beer Thrillers.
OHSO Brewery and Distillery: “Fun, warm and welcoming vibes. Most of the bar is located outside and has a wonderful lay of the area.” – The Beer Thrillers.
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What do you think of when I say, “smart with money”?
Do you remember any significant life events such as landing your first job after college or signing up for a lucrative opportunity to invest in the stock market?
Most likely not.
Because those didn’t happen until later on in life and we were already smart with our money by then. But there was no rocket science behind it: we just learned about saving and investing early on and took action that eventually yielded positive results.
And if you didn’t, there is no need to fret. You are in the right place and everyone has to start somewhere.
It’s not long before you start to wonder how much richer your life and bank account would be if you had started earlier.
So, let’s do a reality check: what is the difference between investing 10 minutes per day and putting $10 into an investment each month?
A sensible answer would be that investing 10 minutes per day is worth $1,000 in a year.
Your time has value and you are getting richer by the minute!
So, what are you waiting for?
Let’s learn how to be smart with money.
How to Be Smart with Money
Money touches nearly everything we do in our modern society.
It’s what keeps the wheels of commerce turning and enables people to get by without physical labor, so it is important that you know how to manage your finances well.
To be smart with money means understanding its power and spending on what matters most for your life goals.
You need to make sure you are paying for your day-to-day expenses while saving for emergencies, retirement plans, and long-term investments like a home or college education.
Money helps us to achieve our goals and dreams, increase our quality of life, and buy everything we need or want.
If you’re just starting out with your finances then this article is for you! I will give some basic steps on how to be smart with money.
In other words, this article is a crash course on how to make your money work for you! You’ll learn what financial independence means and why it’s important to have a large enough nest egg. Read more now!
Why You Need to be Smart with Money
This is exactly how can I be wise with money.
The most important thing is to cultivate the habit of saving money. The fact that you are reading this article likely means that you understand how important it is, but if not then it’s time for some serious change! If your goal in life is security and doing something meaningful with your life, then building wealth will be a significant step towards achieving those goals.
When we have enough money saved up, we can start investing our funds into different assets such as stocks or real estate so that they grow and compound. The more money we have, the more freedom and control we will gain over our lives.
There are many ways to be smart with money. Here are some suggestions that can help you save, invest, or earn more money.
7 Steps to Be Smart with money
It’s not easy to be smart with money, but it is possible.
Start by building a budget and identifying your spending habits. It takes time and hard work, but once you’re on track for saving money consistently over the long-term, you will find yourself in a much better position financially than those who are constantly struggling or living paycheck to paycheck.
Here are the exact steps to follow:
Step #1: Set Goals
Set goals for yourself. It’s important to have clear, measurable, attainable goals that you will be able to achieve in order to keep your motivation up when you are working towards them.
In order to have a better future, it is necessary to start saving for the future now and not wait any longer.
Set goals and save money every month so that when your goal is achieved, you can spend more time enjoying what life has in store for you.
In order to set goals, it is best to reflect on what you want in your life.
What do you want to know?
Who do you want to be?
What do you want to experience?
What is your purpose in life and how will this help you get what you want?
It’s also important to make a plan for achieving these goals.
For instance, if you want to be a millionaire, what are some steps that you can take today? Maybe it means getting more education or saving up for retirement.
You have the power to set goals and make plans to achieve them.
Action Step: Dig deeper into making smart financial goals.
Step #2: Managing your Budget
A budget can be a valuable tool for managing your money and preventing financial stress.
More importantly, to become smart with money is to create a budget that you can follow. You should also save your money, especially if you want to build wealth.
Managing your budget is a step-by-step process that requires you to have a budget.
You should start by setting up a spreadsheet to track your income and expenses. The next step is to create a budget that reflects your financial situation. You can use an online Google Sheet, Microsoft Excel spreadsheet, or personal finance software like Quicken.
Action Step: Dig deeper into how to make a budget.
Step #3: Paying Off Debts (non-mortgage debts)
Dealing with debt is difficult enough, but it can be made easier by paying off your monthly payments.
Paying off debts is the process of getting rid of outstanding debt and freeing up cash flow. This can be done by creating a plan to get out of debt, avoid taking on smaller manageable debts or simply by not spending as much.
Pay off your high interest debt first, such as credit cards and loans. This will help reduce the amount of interest you pay each month.
When you are able to pay off your debts on a regular basis, the interest rates will go down and this will save money in the long run.
Paying off debt faster and building wealth is easier than ever by following this action step below.
Action Step: Dig deeper into how to get out of debt.
Step #4: Save More Money
Save more money is a step in the process of achieving financial independence.
Saving money and building wealth is something that anyone can do. Once you get into the habit of saving money, it becomes easier to increase your savings rate or build up an emergency fund.
This step involves taking on additional work and increasing your income so that you can save more. By saving more money, you will be able to reach financial independence faster.
It is important to create an emergency fund and invest in a money market account. This allows you to save for future goals and emergencies with less risk, as well as build wealth faster.
Action Step: Pick a money saving challenge for you!
Step #5: Track Expenses
Track expenses is a phrase that means to collect or record the money that you spend on various things over a given period of time. This includes bills, groceries, and anything else expenditure-related.
Track your spending or review debit/credit card transactions and receipts to begin to understand where your money is going.
This will help you stay on top of what you are spending so that you can be more efficient with your finances.
Track your spending habits to find the big leaks in your wallet. You should know what you are spending money on, where it is going and how much you spend.
For at least a month, track your expenses in order to get a better understanding of where you can save. This will help you set goals and make conscious decisions about money management.
Action Step: Try a no spend month to prioritize your spending.
Pick a money saving challenge for you!
Step #6 – Increase Income
There are numerous ways to increase your income. You can increase your income by working more hours, starting a side business, or taking on additional responsibilities at work.
The fastest way is to think of businesses, products, or services that people want – use Google to find the products and advertise your niche. The benefit of working for yourself is there are no income limits on what you can make.
Many people want to make money online, but most of them need help figuring out how to do it.
To start, you need to figure out what your skills are and then find a niche that is in demand. For example, if you have good writing skills, it might be best for you to try blogging or find freelance work.
Don’t give up. If you want to make a lot of money, you have to put in the time and effort!
Action Step: Find ways to make money fast.
Step # 7: Invest Wisely
Investing wisely is the act of making investments that will provide positive returns.
Investing in stocks, bonds, or other types of securities can be risky, but it can also make you rich. Investing wisely means understanding the risks and rewards of your investment.
If someone asked you, “What is the smartest thing to do with your money?” The loud answer is to invest money consistently.
Investing early on and taking action eventually yielded positive results.
Investing is a marathon and not a sprint, so we need to start small and take it one day at a time.
Investing in a variety of assets is the best way to maximize your returns. Invest only in what you know and understand, invest for the long term, and diversify investments.
Action Step: Learn how much you can make in stocks.
10 Simple Smart Money Tips
On Reddit personal finance, you can find hundreds of answers to what is a money smart person, which is great but can be overwhelming.
Smart money tips are a great way to build wealth and get rich faster. These smart money tips will help you learn more about personal finance, save time on your monthly expenses, and grow savings for the future.
Here are specific ways you can become money smart today:
1. Build an Emergency Fund
An emergency fund is a savings account that’s been set aside for the unexpected.
It is used to cover emergencies, such as car repairs or medical emergencies, and can also be used when you have a job that doesn’t offer health insurance.
It’s important to set up an emergency fund because unexpected situations can happen at any time, and you won’t be able to use your credit cards or other debt to pay for them.
2. Save for Larger Purchases and Expenses
Save for larger purchases and expenses is a financial planning strategy that entails saving a certain amount of money each month to put towards future, much bigger purchases or expenses.
It’s important not to spend all of the money you save, as it’s possible that the future expense will not come to fruition.
This is exactly how you stay out of debt.
3. Steer Clear of Debt
Keep your debt low, and pay it off when you can.
Good debt is debt that will help you reach your goals in the future or help build a business. Bad debt is debt that you will not be able to pay back, and if you default on this type of debt, it can have a huge impact on your credit score.
To get out of debt, figure out how much you owe on various debts and decide what to do with the money.
4. Start Investing for Retirement
Many people have a hard time saving for retirement. This is unfortunate because of the power of compound interest, which means that you will earn more money on your investment over time.
Start saving 15% of your income as soon as you can for retirement. This will allow for passive income later in life.
The best way to start investing for retirement is by setting up a Roth IRA.
You can then invest your money with low or no fees and earn tax-free returns until you retire.
This means every time you get a raise, put that extra cash into an account that will be used for your retirement.
5. How to Save for Kids’ College
There are a few different ways to save for kids’ college. One way is to pay for their education through a 529 plan, which is a tax-advantaged savings account that allows you to save for college expenses. Another way is to use a mix of tax-advantaged and taxable investments like an IRA or 401(k), which will take some time to build up your savings but will allow you to invest in stocks, bonds, mutual funds, and other investments that are safe for retirement.
The best way to save for your kids’ college is to start saving early.
Also, you need to check out this scholarship program to lower the cost of college.
6. Find a Good Credit Card
Credit cards offer the best interest rates on purchases, and they’re easy to find with little risk. Apply for one that charges no annual fees and offers a balance transfer promotion.
Even better, you want a credit card that offers you cash back on your purchases.
7. Talk about Money
In order to be smart with money, it’s important that you talk about finances and learn from them. You can normalize talking and learning about finance by using a planner or financial statements.
It also helps to meet up with other people who have similar values in the community so they can help support your journey towards wealth building.
By talking openly about finances and learning how to be smart with money, it helps people get wealthy.
8. Learn about Money
Money is a topic that most people know little to nothing about, and it can be hard to get started.
However, Money Bliss provides some helpful tips on how you can begin building your wealth in the simplest way possible.
Wealthy people are getting richer by staying up to date with money matters.
Building wealth starts with thinking about your finances the right way. It’s not about losing weight or running a marathon; it’s about how we use the resources we’re given and the smart money management skills we need to get what we want out of life.
9. Know the Purpose of Money
Most people believe that it is “the key to happiness” to have enough money, but studies show this is not true.
We know money does not buy happiness, but it doesn’t mean you should live without it.
In fact, you need to know how money helps you find time freedom.
Time freedom is a relativity new concept; yet, it is the driver behind finding happiness with money.
10. Be Aware
Awareness of spending habits, saving, and donations are all examples of smart money skills.
By understanding how your current income is allocated to different expenses–including the ones you can’t control like mortgage rates or gas prices–you’ll learn what really drives your monthly budget.
When it comes to money, you should be smart about your spending habits. By doing this, you will have a better understanding of how much money is coming in and going out so that you can save more or donate more.
You should also know the difference between saving for the future vs living day-to-day expenses because these are two different things.
There are many perspectives on how to manage money. And honestly, there isn’t one opinion that dominates from another.
That is why investing in yourself to read some of the best books on how to manage money is key to long-term financial success!
While many of the concepts may be similar, there is ALWAYS something unique I learn after reading each book.
Happy reading!
Photo Credit:
amazon.com
Hands down this is one of my favorite books on how to manage money of all time.
The reason is simple.
It is easier to follow regardless of your background, knowledge of personal finance, or love/hate relationship with numbers, and money savviness.
You cannot learn how to manage money successfully without reading this book. This is one of the best gifts that you can give.
Key Takeaways – Creating your F-you fund will dramatically change your financial independence and your future.
Photo Credit:
amazon.com
This book by David Bach is the inspirational story you need when motivation is low to stay on budget.
You learn the secret to automatically secure your future – all through automatically saving money. This is a real system that any person can follow.
If you are struggling to stay on course and motivated, then you need to pick up this book. Once you read it, then pass it along to a friend to keep the motivational and accountability train going.
Key Takeaway – Automatically saving 10% early on will guarantee your millionaire status.
Photo Credit:
amazon.com
This book covers every aspect of money from debt, saving accounts, automating finances, set-it-and-forget it investment strategy, how to handle big purchases (car, house, wedding, kids) plus how to negotiate a raise at work.
These are the basic principles on how to manage money that needs to be taught in school. Call this book your beginner’s guide on managing your finances and setting yourself up for long term success!
Take control of your financial situation. By becoming active, you don’t have to continue to hold for a magically change.
Make sure you get the 2nd edition that was revised in 2019.
Key Takeaways – Ramit Sethi, the author, provides you word-for-word scripts that will save you thousands of dollars on loan interest and lowering all of your expenses. That alone is worth the $9.
Photo Credit:
amazon.com
The goal is to become financially independent as quickly as possible.
This is something the author Grant Sabatier has achieved and retired at the age of 30.
He offers counter-intuitive advice about money so that you can actually live the life you want. This FI movement is picking up speed and something that you shouldn’t ignore regardless of your age.
Key Takeaways – You will not walk away from reading this book the same person.
Photo Credit:
amazon.com
This is what we all dream of… be set for life. Not to have to worry about the next paycheck coming in. Running out of money each month. You want money in the bank and the freedom to do what you want to do.
Become set on escaping the 9-to-5 grind and lay a solid foundation with money. According to the author, Scott Trench, you must be willing to work harder and smarter than the average person.
Find the motivation to conquer your financial goals early on.
Key Takeaway – Be prepared to start saving 50% of your income while still enjoying life’s luxuries at a younger age.
Photo Credit:
amazon.com
This recent release is about how you behave with money. The decisions that are made on the go and not when looking at a spreadsheet.
The book is filled with 19 short stories on how emotions play such a big part with how we handle money. Everyone handles money and investing differently and that is okay, but learning how to know what works for you.
Key Takeaway – This book is meant to be thought provoking on why we do silly things with money.
Photo Credit:
amazon.com
This is the perfect book for beginners written by a (retired) millennial.
You will walk away with a solid understanding of budgeting and why tracking your net worth will boost your money management efforts.
She puts everything into simple terms and provides uncomplicated and realistic solutions to handing your finances.
Key Takeaway – This book is loaded with sass and humor, so you will find the lessons upbeat and honest to a normal dreary topic of personal finance.
Photo Credit:
amazon.com
The long term reason to save money today is to not work for years. If you want a drag on your portfolio by using a financial investor, then don’t read this book.
If you want a classic guide on getting smart about the stock market and becoming financially independent, then this book is for you.
The author teaches how to make index fund investing work for you and help you to achieve your financial goals. Plus with having little risk.
Key Takeaway – The investment scene doesn’t have to be scary and confusing after learning the basics of investing and creating a simple portfolio.
Photo Credit:
amazon.com
One of the best ways to build income is to become your own boss whether, through a side hustle, real estate investing, or building a business. However, too many times expenses swallow business before they ever churn a profit back to the owner.
Mike Michalowicz will lays out the Profit First Formula, which will transform any business on the way they manage money.
This is a must-read for anyone owning their own business, a board member for a corporation, or looking to start their own business. This is how you build a sustainable, no-ceiling income.
Key Takeaway – You will finally know how much you have to invest in your business and always take home a profit.
Photo Credit:
amazon.com
The last book on the top 10 best books to manage money isn’t even focused on money!
It is how we handle and deal with our stuff. Unfortunately, buying all that stuff comes at a cost and normally a big price tag. Plus the cost to maintain the stuff we already own.
The book by Joshua Becker helps you to open your eyes to a slightly different lifestyle that may change your life forever.
Key Takeaways – By learning to live with less stuff, there is more money in our budget to spend on other things or experiences.
Ready to Be Smart with Money?
Being smart with your money is about making good choices.
It’s important to know what you need and what you don’t because if you spend too much on things that aren’t necessary, you’ll never save enough to buy the things that are important to you.
Becoming rich and building wealth is all about making smart choices!
You need a goal, sometimes called an objective or an endpoint, and you need to set up a plan.
There are many steps that can help you be smart with your money. For example, never save for “a rainy day”; instead save for all the days.
The steps to be smart with money are not difficult, but the effects of being smart with your finances will last throughout your life.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Redstone Federal Credit Union, based in Alabama, offers two $0-annual-fee credit cards:
A Visa Traditional, for those with less-than-ideal credit histories.
It’s the latter version, though, that’s northern Alabama’s well-kept secret. The Redstone Federal Credit Union Visa Signature card boasts reward rates and perks that outshine some of the best credit cards on the market from some of the biggest banks. And as you might expect from a credit union, the interest rate is also lower than you’ll find on credit cards at those bigger institutions.
But the bar for membership at Redstone Federal Credit Union is high, so not everyone will be able to apply. Plus, the card’s rich bonus rewards come with caps to be aware of.
Here’s what you need to know about the Visa Signature Redstone Federal Union credit card.
🤓Nerdy Tip
If you can’t meet the requirements below to get the Redstone Federal Credit Union’s rewards card, consider the U.S. Bank Altitude® Go Visa Signature® Card instead. It earns rewards in some similar categories: You’ll get 4 points per $1 spent on dining (including takeout and delivery); 2 points per $1 spent at grocery stores, gas stations, EV charging stations and on eligible streaming services; and 1 point per $1 spent on all other eligible purchases. It, too, has a $0 annual fee.
1. You must be a member to qualify
To be eligible for the Redstone Federal Credit Union Visa Signature card, you’ll have to become a member of the credit union. Unlike some other credit unions, this one isn’t as easy to join.
As of this writing, you must fit into one of the following categories:
Have an immediate eligible family member who belongs to the credit union.
Live in a household with a Redstone member.
Be an eligible government employee or contractor in Madison County, Alabama, or with Redstone Arsenal, a U.S. Army base in the Huntsville, Alabama, area.
Be a service member or a dependent of one at Redstone Arsenal or eligible places in Madison County.
Be a reserve service member in Madison County.
Be a member of the National Guard in one of a handful of eligible Alabama counties.
If you don’t live in or have any connection to Alabama, that last bullet point is likely the only way in. Just be aware that you may owe membership fees for joining a partner organization, and that’s on top of the requirements from Redstone Federal Credit Union.
For instance, in addition to meeting the membership criteria above, you’ll also have to open what’s called a “share savings account” to join the credit union. The minimum balance required to open one is $5, and you must keep that amount in the account at all times.
That’s a lot of hoops to jump through. On the other hand …
2. The reward rates are impressive
Many credit cards offer elevated rewards in only one or two select everyday categories — which is what makes the Redstone Federal Credit Union Visa Signature an exception. It earns bonus cash back (issued as points) across multiple top spending categories, including the “big three” for many households: restaurants, gas stations and grocery stores. It even goes a few steps further than that.
Here’s what you can expect:
5% cash back rewards (10 points per $1 spent) at restaurants and on gas purchases, on up to $7,000 spent annually.
3% cash back rewards (6 points per $1 spent) on groceries, discount stores, wholesale clubs, utilities, phone and streaming services, on up to $7,000 spent annually.
1.5% cash back rewards (3 points per $1 spent) on all other purchases.
Rewards expire on the last day of the month, three years after they’re issued.
Still, those are quite generous rates for a $0-annual-fee credit card. Yes, the combined spending caps do limit how much you can expect to earn annually in the card’s 5% and 3% bonus tiers. But if you were to max out both of those caps, you would snag $560 a year in cash back, again for no annual fee — and without taking into account the card’s uncapped 1.5% base rate on all other spending you do.
Typically, other cards that boast 5% cash-back categories feature rotating (not fixed) bonus categories that you must track and/or opt into every three months. These cards also feature caps on that 5% rate, which ends up restricting your bonus earning to about $300 a year. They don’t tend to feature an additional 3%-back category, and the best you’ll generally do on “all other spending” is 1% cash back.
🤓Nerdy Tip
The Blue Cash Preferred® Card from American Express can be more rewarding in certain categories. It offers 6% cash back at U.S. supermarkets on up to $6,000 in spending per year; 6% back on select U.S. streaming subscriptions; 3% back at U.S. gas stations; 3% back on eligible transit; and 1% back on other purchases. But unlike the Redstone card, it has an annual fee: $0 intro annual fee for the first year, then $95. Terms apply.
3. You have redemption options
Technically, the Redstone Federal Credit Union Visa Signature earns points, which are worth half a cent each when you redeem for cash back into a Redstone Federal Credit Union checking or savings account. (That’s lower than the industry standard of a penny per point, but the card makes up for that by awarding you a large number of those points at a time: 10 points per $1 spent = 5% cash back.)
You can choose to automatically redeem your cash back monthly, quarterly or annually. You’ll also have the option to redeem the full amount of available points or a specific number of points. There is, however, a minimum required redemption of at least $5.
But you can also choose to redeem your points for travel, charitable donations or gift cards and certificates from select merchants.
4. It boasts valuable introductory offers
New cardholders can earn $150 in cash-back rewards by spending $3,000 in the first 90 days. (This offer is accurate as of May 2024.)
In addition, for those looking for some interest-free breathing room to pay down short-term debt, the card offers a 0% introductory APR for six months on balance transfers made within the first 30 days. Notably, there’s also no balance transfer fee. (This offer is accurate as of May 2024.)
If you need a longer window to pay down debt, consider instead the BankAmericard® credit card, which offers 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 16.24% – 26.24% will apply. It charges a 3% balance transfer fee, but it can be worth paying if it saves you money on interest charges over time.
5. The ongoing interest rate is lower compared with other cards
As of May 2024, the Redstone Federal Credit Union Visa Signature charges an annual percentage rate ranging between 17.25% and 18.00%. That’s lower than the average APR of 22.15% charged for accounts that incurred interest in 2023, based on Federal Reserve data.
It’s also keeping with federal law, which caps the interest rate on most loans and credit cards at federally chartered credit unions. (For the past several years, the National Credit Union Administration has maintained an 18% cap.)
But just because the APR is lower doesn’t mean it’s wise to carry a balance. Interest charges will still add up quickly. You’ll get the most value from this card — and from any rewards credit card — if you pay off the balance in full every month.
If you aren’t eligible for membership at Redstone, but you still want a credit union interest rate with healthy rewards, consider the PenFed Platinum Rewards Visa Signature® Card. Joining PenFed is a little easier for most people, and the card earns the following: 5 points per $1 spent on gas at the pump and electric vehicle charging stations; 3 points per $1 spent on supermarket purchases (including most Target and Walmart locations), restaurants, TV, cable, radio and streaming services; and 1 point per $1 on all other purchases. This card also offers a 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%.