A specialty? Luxury apartment complexes in Los Angeles neighborhoods such as Palms and Silver Lake filled with mostly market rate units, but with a handful of income-restricted affordable ones as well.
It can be a good business, but lately less so.
“We have pulled back,” said Kahan, the president of California Landmark Group. “The metrics don’t work.”
Across California and the nation, developers moved to start fewer homes in 2023, a decline some experts say could eventually send home prices and rents even higher as supply shortages worsen.
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Developers cite several reasons for delaying new projects. There’s high labor and material costs, as well as new local regulations that together make it harder to turn a profit.
Perhaps the biggest factor — and one hitting across the country — is the high cost of borrowing. Rising interest rates not only make it more expensive for Americans to buy a home, but they add additional costs for developers who must shell out more money to build and manage their projects.
As a result, fewer projects make financial sense to build and fewer homes are built.
“More than anything it is debt costs,” said Ryan Patap, an analyst for real estate research firm CoStar.
In all, preliminary data from the US. Census Bureau show building permits for new homes nationwide fell 12% in 2023 from the prior year and 7% in California. Drops were recorded in both single-family homes — most of which tend to be for sale — as well as multifamily homes — which are chiefly rentals.
Dan Dunmoyer, president of the California Building Industry Assn., said one major reason for the decline is that many for-sale home builders foresaw “a massive downturn” and stopped buying lots to develop when mortgage rates soared in 2022.
Then a funny thing happened. Demand for their product didn’t crater as much as expected, in large part because existing homeowners didn’t want to sell and rid themselves of ultra-low mortgage rates.
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“Builders kind of woke up and realized ‘Oh, it’s just us [selling homes],‘” Dunmoyer said. “But we don’t turn on a dime.”
As for-sale builders restart their engines to take advantage of a shortage of listings, there are signs of improvement. During the first two months of this year, builders in California pulled 35% more permits for single-family homes than during the same period a year earlier, according to census data.
Permits for multifamily continued to decline — dropping 33%.
The diverging paths are probably due to several factors, said Rick Palacios Jr., director of research for John Burns Research and Consulting.
On a whole, single-family home builders have access to a wider source of debt that isn’t as vulnerable to rising interest rates. In the single-family market, the supply shortage has also worsened and home prices are climbing.
Meanwhile, rents in many places — including Los Angeles — have dropped slightly as vacancies have risen, in part because apartment construction has been relatively robust in recent years.
“Single-family solid, multifamily weak is a pretty consistent theme across most of the country,” Palacios said. “You’re hard pressed to find a market where developers and investors are gung ho on apartments.”
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In the city of Los Angeles, developers must contend with another factor — Measure ULA.
The citywide property transfer tax took effect last year to fund affordable housing and has drawn the ire of the real estate industry.
Though it’s known as the “mansion tax,” except for rare exceptions it applies to all properties sold for more than $5 million, no matter if they are gas stations, strip malls, apartment buildings or actual mansions. Under the measure, a seller is charged 4% of the sales price for properties sold above $5 million and below $10 million.
At $10 million and above, the tax is 5.5%.
Apartment developers and real estate brokers said additional costs from ULA make it even harder to earn a reasonable profit in what can be a risky business.
That’s because when building apartments, developers often sell their finished product, which would probably trigger the ULA tax for any building over 15 units, according to Greg Harris, a real estate broker with Marcus and Millichap. Even developers who hold onto their properties typically need to take out a mortgage on the finished building — and Harris said lenders are willing to give less because they too would need to pay the tax if they foreclose and sell the property.
“ULA is like the last nail in the coffin,” said Robert Green, a Los Angeles developer. “It couldn’t have come at a worse time.”
Many apartment projects got their start under different economic circumstances and have opened in recent years or will soon. That supply should help keep rents down for a while, but not forever, said Richard Green, executive director of the USC Lusk Center for Real Estate.
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In two or three years, as fewer apartments are finished “we will see rent start to go up again,” he said.
That would be a hit for Californians struggling to find housing in an expensive state where thousands sleep on the streets.
Economic cycles, of course, ebb and flow and construction may rebound.
The Federal Reserve plans to cut interest rates later this year, which may help more projects make sense financially, as could rising rents.
Land sellers could also drop their asking prices to adjust for rising developer costs, including ULA in Los Angeles.
Normally, real estate analyst Patap said he’d expect apartment construction to rebound as land costs adjust downward. But he noted developers say they are also cautious about building in L.A. because of a broader political shift in the city that’s more supportive of restrictions on landlords and more supportive of protections for tenants.
In the city of Los Angeles, multifamily permits dropped 24% in 2023 compared with 19% in Los Angeles County, census data show. (Data from the Construction Industry Research Board show even larger drops: 49% in the city and 39% in the county.)
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Laurie Lustig-Bower, a commercial real estate broker with CBRE, said some L.A. landowners have reduced their prices to sell, but “if they don’t have a gun to their head” they are waiting until developers can pay more.
In recent years, state lawmakers have taken action to make it easier to build housing, in part by eroding local control over land use decisions.
Los Angeles Mayor Karen Bass has also fast-tracked 100% affordable buildings under her Executive Directive 1, while the city recently exempted smaller projects from some storm water capture requirements.
Mott Smith, chairman of the Council of Infill Builders, said more must be done to increase the number of new homes in Los Angeles and cited the storm water decision as the kind of steps government should take.
“The city has no influence over interest rates … [but] what it controls is the process to get a project approved,” Smith said. “There are so many opportunities.”
For now, developers say it’s tough to find opportunities.
Kahan said his company runs the numbers on potential land purchases constantly and at least once a week finds it doesn’t make sense to buy and build.
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He expects to purchase some land in Southern California by year’s end, though mostly outside of the city of Los Angeles where Kahan said he’s increasingly looking because of costs from ULA, which unlike current interest rates aren’t expected to change.
So far, Kahan said he’s yet to find a deal that will work — within or outside city borders.
Inside: Money gift ideas for any occasion! Learn how to wrap money as a gift. These are cute ideas for giving money. Find simple ways to hide money in a gift.
Giving money as a gift can be one of the best gifts that you can give today.
A lot of times though people don’t feel like giving money as personal or creative or thoughtful enough, which is a complete joke because honestly, cash is king.
More often than not, the receiver of the gift actually loves to get money – especially kids!
Even better, one of these money surprise ideas!!
There are many reasons to give money because, yes, gift cards are nice, but what if you find something else at a different store that you want, or their policy to redeem gift cards is really difficult? Also, some people don’t want to add more items to their houses. Others are just plain hard to buy for because they go out and buy everything they need.
That is why giving money as a gift is so absolutely awesome.
Today we are going to cover so many terrific ways on how you can give money as gifts. You can purchase some of these money gift ideas or pull out your DIY skills.
In this post, we are going to dig in and find super creative and fun ways to give money.
Best Surprise Money Gift Ideas
These money gift ideas will wow at any birthday party, Christmas exchange, graduation, or any other time of the year because there’s a little bit more thought behind how to give the gift.
Cash is a really thoughtful gift, too. Don’t forget that.
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.
My Money Surprise
The first time I personally received a money gift was in college. The best gift ever!!
My parents hid cold hard cash in a room divider screen that I needed. I had cash to pay for groceries, cash for gas, and other incidentals I needed. That was one of the most epic Christmas presents that I ever received because it was something that I truly needed.
Then, I could decide what do I want for Christmas and spend money on what I truly wanted!
More importantly, it was something that I could choose how to spend or save. It wasn’t something that would just sit in my closet because I would actually use the cash.
What is a unique way to give money as a gift?
You can make the gift out of money itself.
Even better, there are plenty of ways to hide money inside another practical gift. You can make find many gift money ideas using a few crafty DIY skills.
So many creative ways to give money as a gift!
How To Wrap Money For A Gift
This is exactly how to gift money.
Now, don’t think that you have to be super, super creative, and hone all your crafty skills just to give the best money gift ever.
I’ll be very honest, learning how to wrap money for a gift is super super easy!
You’re probably going to need just a few items and most of them are sitting in your house!
The fun part of these money gift ideas is you get to be creative on how you want to give the best gift ever!! Some of the creative ideas include a little tape, some glue, and maybe saran wrap. Or you can hide it inside a jar with M&Ms for a money snack.
These are just a few of the ways that you can wrap money for a gift.
It is just taking the gift, one step further and finding a unique way to give money gifts.
In fact, find graduation specific money gift ideas.
Money Puzzle Gift Boxes for Cash
One of the MOST popular gifts!
This maze puzzle cube is a unique cash holder. Perfect for kids and adults, it’s a thrilling puzzle box and money maze.
Get yours now and turn gifting into an adventure!
Buy Now on Amazon
02/19/2024 09:47 am GMT
Who To Give Money Gift Ideas
These types of gifts are so flexible and can be used by anyone!!
Everyone loves to get cash and spend it how they choose. Then they can cross something off their Christmas bucket list.
How to Give Money as a Gift & Not Be Rude?
Is giving money as a gift rude?
Absolutely not.
As we’ve said many times here at Money Bliss – cash is king.
With cash, you are able to do what you want to do with the money. You don’t have another thing collecting dust on your shelf or set in the basement.
You can give a money gift box!
Don’t look at giving money as a rude thing to do. It is actually freeing because the receiver of the gift can choose how they spend it on the reverse side as the recipient of cash.
Feel empowered in the decision to give cash as a gift instead of an actual materialistic item.
Grateful Tips: I always recommend writing a thank you card immediately. Once you use the cash, then write another note on how you used the cash and how much you appreciated it. Then, the gift giver knows how you used the cash, and the ways they helped you, and then they won’t question their decision to give money as a gift.
Cute Ideas for Giving Money
In this section, you will find cute ideas for giving money. These are the absolutely adorable ways that people would love to receive money.
These are great for Christmas and birthdays, and especially for kids, teenagers, and young adults.
You will learn how to roll money for a gift and so much more!
May 19, 2023
Inside: Find money cake ideas! Learn how to make a money cake or buy pre-made kits. This guide has you covered with…
Money Balloons
Super cute way to give money for any occasion.
It’s fun to watch the recipient get spooked by a popping balloon, covered in confetti, and of course, count the money inside!
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Photo Credit: sugarandcharm.com
Sneak Peek Birthday Card
Such a cute and sneaky way to roll cash into a card.
Make candles using a dollar bill or go big and use a $20 bill.
Read more
Photo Credit: Stamp with Jill
Money Lei for Graduation Gift Idea
Everyone needs some cash and this money lei is a fun and creative way to give the gift of cash!
Learn how to make your own money lei today!
Read More
Photo Credit: yourhomebasedmom.com
Funny and Fun Ways to Give Cash
This list is about the funny and fun ways to give cash.
This type of money gift idea works best for a white elephant exchange, a coworkers exchange, a friend exchange, or someone who loves a good joke.
Let’s be honest… sometimes you just to be really funny with how you give the gift.
Honestly, I’m not sure if there are any annoying ways that you could give money. (Cash is still cash, right?) For those who enjoy crisp dollar bills beware!
Easy Peasy Money Tree Topiary
It is proven that money does grow on trees. This DIY tutorial will teach you exactly how to make your own money tree.
This beautiful money tree topiary is ready for one very lucky gift recipient!
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Photo Credit: sunburstgifts.org
Money Tree on Etsy
Perfect gift for the Dad who always says money doesn’t grow on trees! This is a funny gift idea for the father who has everything and has a great sense of humor. Because now…
Money DOES grow on trees!
See Now on Etsy
Photo Credit: Etsy.com
“In An Emergency” Graduation Gift
Super fun way to give money and withhold the desire to spend the cash right away. You can place any amount of cash in these, so they fit virtually any budget.
Simple DIY tutorial!
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Photo Credit: sendomatic.com
Money Chain Gift for the Graduate
Paper chain gifts are a great way to decorate for the holidays. But, it is also a fun way to give money! Very simple DIY project to complete.
Read More
Photo Credit: lessthanperfectlifeofbliss.com
Christmas Money Printable
Running low on time?
This Christmas money printable is a fun and easy way to give some dough this season. So adorable!
Read more
Photo Credit: tessiefay.com
Easy Ways to Hide Money in a Gift
Okay, let’s be honest, we don’t want everybody to know right away that they’re going to get money inside their gift.
How do you hide money as a gift? This gift list is filled with perfect ways to hide money inside a gift.
When they open it, they are excited about just the outside part of the gift and they don’t even know the monetary gift that you have waiting for them inside!!
August 28, 2023
Inside: Looking for a creative and easy way to give money as a gift? Look no further than these Money Gift Boxes!…
Handmade Money Surprise Bath Bomb
Time for a lovely bath with a hidden surprise! A fantastic way to hide money especially for teen girls!
This unique gift idea also is made with all natural and vegan skin care products. Perfect for small budgets!
Buy Now on Etsy
Photo Credit: Etsy.com
Funny Christmas Money Gift: Cash in a Can
This is such a clever idea! Giving money was so much fun this year.
You can hide a roll of cash inside any canned goods – preferably what the recipient hates the most.
Since it is wrapped like a normal household item, no one will expect it to have anything inside but what is on the label!
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Photo Credit: itsalwaysautumn.com
Birthday Money Box Gift Idea
Money is something every teenager wants! This money box can easily be created with items you already have at home.
Unique and sneaky way to give money!
Read More
Photo Credit: myinspirationcorner.com
Book of Money
Such an easy DIY project to give money!
You probably have all of the supplies in your house.
Read more
Photo Credit: marthastewart.com
Money Cake Pull Out Kit
$16.99 $15.50
Perfect surprise for your kids, grandkids, spouse, or best friend with the most versatile and widely-appreciated gift of them all: cash?
We know how you can do it in style: the amazing money cake dispenser, an incredible accessory that you will use on endless occasions.
This complete cash dispenser set includes the special box, cake topper, 1 plastic roll with 50 connected pockets, and printed instructions.
Buy Now on Amazon
02/19/2024 05:27 pm GMT
Hidden Gift Jars
Want to make your money gift a little more special this year? Make these Hidden Gift Jars!
Stash your gift inside a secret hiding spot in the jars, covered by a favorite candy or treat (we used M&Ms), and watch the recipient’s eyes light up when they realize there’s more to their gift besides just candy!
This also makes a great gag gift!
Read more
Photo Credit: myhomebasedlife.com
Creative Ways to Give Money – Which is Your Favorite?
What is the best way to gift money?
Honestly, is there any bad ways to get money? Maybe if the gift giver never opens where the cash is heading, but let’s hope that doesn’t happen.
In this post, we have covered all of the best ways to gift money.
A simple way to say I appreciate you! You have so many ideas to choose from!
Which creative ways to give money did you like the best? There are DIY methods to giving cash and some that you can quickly pick up.
Follow for more inspiration on our Gift Ideas on a Budget Pinterest boards.
I can’t wait to see your pictures with what you’ve come up with, and how you plan to do this.
More Gift Ideas:
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.
I have 2 laundromats; a very small one in a small town and a medium-sized one in a city of about 100,000 people. I love the laundromats and they are a ton of fun but they come with challenges as well. My medium-sized laundromat makes money but the small one still struggles after a year of improving it.
I think the small laundromat has potential but the larger the laundromat, the more chances for success you will have. I am a real estate investor and broker by trade and I have learned a ton about small businesses the last few years. I also own a liquor store and a small grocery store in a small town. Laundromats are very different from anything else I have ever done. Here is what I have learned.
Table of Contents
What are the biggest challenges of owning a laundromat?
Before I bought my first laundromat, I thought they were a pretty straightforward business. You buy some washers and dryers, people come and use them, and you collect the money. There is much more to the business than buying some machines and hoping people come to use them. Here are some of the biggest lessons I learned:
Washers and dryers in laundromats are very expensive. If you want the big machines that people come to laundromats for, expect to pay close to $10,000 for one machine! The smaller the machines, the less expensive but people won’t use those nearly as much. The good news is you can charge much more for the big machines since they can hold 4, 5, 6, or even more loads of laundry.
It is very hard to find people who can fix commercial washers and dryers. Appliance repair is a lost art and many of the companies that still do it, limit themselves to warranty work for specific companies. There are also a lot of people who claim they can fix these machines and have no idea what they are doing. Ask me how I know that one! The closet repair people to me are over an hour away. If you own a laundromat you must be able to do some of the simple repairs yourself or have someone on your team who can do them or you will go bankrupt because machines break all the time.
Laundromats get dirty as soon as you clean them. I have hired cleaners and cleaned myself and it doesn’t matter how often you clean, the next time someone comes in to do laundry it will be dirty again. People do not like a dirty laundromat. One tip is to get a floor that is as close to dirt color as possible!
Laundromats are not passive. They take constant monitoring and visits. It is fun collecting quarters but you will also get calls or texts about machines not working or taking money or people acting funny. If you want to keep people coming, you have to respond to the complaints and do your best to remedy them. You will be giving out a lot of small refunds.
Laundromats attract crime. My laundromats are not attended and while I have cameras there are still shenanigans going on all the time. Make sure you are not letting people sleep in them, abuse the bathrooms if you have them, or camp out outside.
These points may turn off a lot of people but I still love my laundromats. It is so much fun collecting quarters, watching sales, and trying to improve the business. Below is one of the videos of me collecting quarters.
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Do laundromats make money?
The laundromat in the video above has been open for about 7 months and brings in around $7,000 a month with $4,500 in expenses a month. This does not count my own time collecting quarters and managing things. I was very lucky that I did not have to buy this laundromat. I took over the lease with most of the equipment still there. I had to add some equipment that I bought used from another laundromat and fix some of the machines already there. I probably spent $40,000 on machines, a little remodeling, and repairs. I lease this space but I purchased the real estate for my small laundromat. It does not make nearly as much ($1,200 to $2,000 a month) but that real estate came with an apartment, shop, and car wash as well.
Laundromats can make money and large laundromats can do very well but it is tough to make it with smaller spaces just because you are so limited in the equipment you can use and the amount of customers who can use the mat at once.
What kind of machines do you need?
The biggest obstacle with my small laundromat is I have small washers and dryers. The small dryers are not a big deal but the washers are. Many people use laundromats because they have tons of laundry or large items they want to wash. A lot of people who have washers and dryers still use laundromats. You may even have people using your laundromat who have wash-and-fold businesses where they pick up someone’s laundry and do it for them. A successful laundromat almost always has large washers.
With large washers come more expensive machines, more power (3 phase in many cases), more water (upgraded water heaters), and more support (concrete floors). My small laundromat has wood floors and 2 phase power which makes it very tough to add large machines. If you are choosing a place for a new laundromat or taking over an existing one make sure you have the mechanicals needed for big machines. Most of my washers and dryers are Speed Queens but there are many good brands out there.
Below is a video of the small laundromat:
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Should you have an attended or unattended laundromat?
Most large laundromats are attended and offer wash and fold services to pay for those attendants. Mine do not have this service but I may offer it at some point. I am still able to make money without the wash and fold but it would most likely make me more if I decide to go that route. A wash and fold service does laundry for customers. Some laundromats even pick up and deliver loads. One nice thing about having wash and fold and attended laundromats is there is usually someone there who can help customers and clean up if things get messy.
If you have full-time staff at the laundromat that is a large expense and you will need to do quite a bit of wash and fold to pay for it. If you have a smaller laundromat you want to make sure you are not taking up machines with your wash and fold business that regular customers want to use. Of course, the biggest challenge is to find the right employees you can trust and who will work hard. I have that challenge in my real estate businesses as well.
Bonus income from laundromats
While my laundromats do okay I get a lot of bonus income from them. People love to watch quarters being collected. I have a pretty large social media following and a decent-sized YouTube channel (110K) and those all make me money. On bad months I make at least $1k from my videos and on good months close to $5k. If you like social media and making videos, the laundromats are perfect for content creators.
Conclusion
It would be impossible to give you all the ins and outs of the laundromat business in one article, well maybe if the article was 50 pages long… but I hope this helps give you an idea of what the laundromat business is like. My YouTube channel has weekly videos on both mats going over the pros and cons. I also am happy to answer questions here but I do check my YouTube comments more often.
Inside: Here are fun things to do with no money. You don’t have to spend money to enjoy yourself! Plus you save money!
Having fun doesn’t have to cost a fortune! You can have a good time without spending a dime.
But, that is the trap, we find ourselves in. We believe that in order to have fun, you must spend money.
However, we are going to debunk that myth.
It is possible to have fun without spending money. This is something my family does ALL-THE-TIME. There are plenty of places to go when you have no money. There is so much available in our society to explore that you never get bored or run out of ideas. And your wallet and bank account will thank you!
If you are looking for fun things to do when hanging out with friends or fun things to do with kids, your boyfriend, girlfriend, mom, spouse, or anyone in your life, this list is for you!
You will find plenty of activities to do at home, at night, or near you.
Plus the best part… we have tons of memories and experiences from these no money activities ideas!
Today, you will get a glimpse into how you can live differently with your money. Show you fun things to do when you’re broke. Maybe you’re not broke, but choosing to live a frugal lifestyle like us. Either way, you will save money along the way that you can use for something else.
It doesn’t matter if you make $15 an hour or have a 6 figure salary, these tips are for you!
We have found plenty of things to do without spending money.
Today, you are going to learn fun stuff to do that doesn’t cost money.
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 Can You Do Without Money?
Honestly, a whole lot.
There are so many free activities available today. You just need to put on a different perspective than the urge to spend money. These no money activities will keep your hard-earned cash in your hands and then you can use it towards your money goal. That is a win! Actually a HUGE WIN!
The question is… are you willing to try something new? In this case, something new would be a money free weekend or maybe a no spend month.
There are so many free fun things to do available to us, but we opt to spend money because that is the natural societal habit. Whatever your reason for finding fun things to do that don’t cost money, you are in the right place.
We are going to cover an extensive list of things to do instead of spending money.
This will make your no spend challenge easier or just a desire to save more money to reach your money goals.
Without further ado, let’s cover the 101 plus things to do that don’t cost money.
Fun Things to Do With No Money
We are going to dive into plenty of things to do instead of spending money. This list might surprise you with how many things to do for free.
For the frugal green person, this is exactly what they want to do.
You will find specific ideas for fun things to do with friends, over here.
1. Call a Friend: Back in the day, we spent many hours on the phone just talking with our friends. (Hint: like hours on end talking). Pick up the phone and call your friends. I am pretty sure you will come up with another fun thing to do next.
2. Bucket List: This is a must-have for everyone! Do you have a bucket list of things you want to do? Use timeframes to help create your list – one month, one year, three years, five years, 10 years, 20 years. Or in your lifetime? Don’t be worried if some of these ideas on your bucket list cost money. That will be figured out later. It doesn’t cost any money to make your bucket list.
3. Head to your Local Library: This is the best way to begin a frugal lifestyle. Libraries are jam-packed with free things – books, music, videos, games, or events. Plus you can find options for physical items as well as digital versions. Many libraries now have maker spaces, interaction labs, and kid play areas. These STEM spaces are available to further your creativity and not to spend money on equipment. Check to see if your library offers 3D printing!
4. Volunteer Usher. This is a great tip for Money Bliss reader, Elizabeth and one many of my friends did recently. By volunteering your time, you are able to check out the hottest concert or play for free. The key is your availability and finding the right contacts.
5. Explore Like a Tourist: Have you explored your own city the way you would if you were traveling? More than likely not. There are so many no money activities available. Just grab a tourist guide and start exploring.
6. Geocaching: Join in on the world’s largest scavenger hunt. It is easy to participate and a free activity. The goal is to catch hidden caches using GPS coordinates. All you need is a smartphone or a GPS device to participate. Time to find your next treasure!
7. Volunteer: Have you a passion? Then, find a local charity where you can volunteer. There are plenty of great organizations that are always looking for additional help to reach and help
8. Games: This is a favorite in our house. Each Sunday, you can find us playing games. Whether a card game, dominos, or board game, the options are endless. This is a class thing to do with friends and family. One of our favorites is Taco vs Burrito!
9. Get Outside: We are blessed to live in such unique and beautiful areas. Yet, we barely manage to step foot outside. As a family, this is one of the best ways we save money. It probably tops my list of the best frugal living tips. The world is full of free things to do for free and explore!
10 Start a Club: Remember your favorite after-school club from elementary school? What was your favorite part about it? More than likely, it was about connecting with your friends with the same interests and spending time together. The same concept is the same as adults. Dedicated time to hang out with your friends with the same interests. There are plenty of clubs that you can start. Here are some ideas: reading club, sewing club, cooking club, fishing club, mom and tots club, etc.
11. Explore the Outdoors: Fresh air is amazing for our bodies. Plus our world is filled with no money activities to do. Get outside, explore, and see your surroundings in a fresh perspective. You don’t need a ton of fancy equipment that comes to mind when wanting to explore nature. Just head outside and follow where your feet take you.
12. We Got No Money Party: When you are looking for places to hang out with friends, look no further than your own place. Gather some friends and have them over for the night. The only ground rule is they can only bring food and drinks from their house. Same goes for games and other fun activities.
13. Teach Others about your Hobby: What is your passion? Teach others about your favorite hobby. Who knows… maybe you can turn it into a side hustle and earn extra cash.
14. Scavenger Hunt: Kids love scavenger hunts and guess what… inside every adult is someone who loves a good scavenger hunt. Plenty of free scavenger hunt ideas with a little Google search.
15. People Watch: This is probably one of my favorite money-free activities to do when bored especially at IKEA. Just head to any local place and people-watch. Many times it is better than TV sitcoms. Grab a friend and you can create stories to attach to those you are observing.
16. Puzzles: When is the last time you have taken on a puzzle? Research shows it is one of the best things we can do to slow aging and diseases like Alzheimer’s. More than likely, you don’t have an extra puzzle lying around. Ask to borrow some from friends. Also, you can get ones for free on Next-door or Buy Nothing Facebook groups.
17. Host a Vision Board Party: This is a trending activity right now! There is no better time to manifest your dreams and goals than with your favorite people. Plus you can create a better life for yourself. Learn how to host a vision board party today!
18. Museums and Zoos: Many of the smaller museums and zoos are free entry. To check out the major museums and zoos, check their website to see when they offer free days. Most local cities are required to offer many free days in order to get funding from the city. Another way to get free admission is with your credit card, business affiliation, or college affiliation.
19. Free Tours: These are places to go when you have no money, especially in a big city. The options are endless on the types of businesses in the area. Some free tours include the U.S. Mint, candy factories, capital building, parks, brewery tours, etc. The list can be endless when finding free tours.
20. Apple Classes: Want to learn how to use your phone and be more productive? Need to cap your kid’s time on their devices? Want to learn how to take better pictures with your iPhone? You can do that in one of the many classes. Look for classes near you.
21. Pinterest Party: Let’s face it… We pin a lot of things that we want to do. Recipes we want to cook. Desserts to book. Crafts to make. Skills to learn. Time to brush off those Pinterest boards and find something to do.
22. Movie Marathon: Time to sit back and enjoy all of your favorite movies! If you don’t already have cable or Netflix, then you can still do this without spending money. Start a free Paramount+ trial (just make sure to cancel it), head to the local library, or swap movies with friends.
23. Learn a New Skill: Another productive way to use your spare time is learning a new skill. With learning, the options are endless. With the library and YouTube, it is easy to learn new skills without paying for lessons. The new skill I want to learn is how to play the drums. What is the new skill you want to learn?
24. Local Events Calendar: Hello free activities! Every city will offer some local activities throughout the year. Just mark your calendar. These events are perfect for hanging out with friends and for local fun.
25. Go for a Walk or Run: This is the ultimate no money activity. Grab your shoes and head outside to clear your head. The fresh air will do wonders and doesn’t cost a thing. Maybe this is the time to challenge yourself for that 5K or half marathon?
26. Go for a Bike Ride: For those who own a bike, it would be time to dust it off and go for a bike ride. This is a great way to exercise without a gym membership. Plus, if you are a spender on the way home from work, then look at commuting on your bike to avoid temptations. Personally, I enjoyed cycling so much that it made sense to upgrade my road bike. There may be a small cost to maintaining a cycling lifestyle, but it brings hours of exercise and I am too tired to do anything later.
27. Go Hiking: Find a local hiking trail. Before you go, make sure you have water and some sunscreen.
28. Make a Meal: The caveat is you can only use ingredients that you have currently in your house. No running to the store and spending money. Create a meal from what you have available.
29. Go on a Picnic: This is a favorite in our house! Change up your lunch or dinner by eating in a different location. Load uptake food, choose a spot, and go! You can go on foot, on bike, or take a little trip by car. Either way, you have to eat!
30. Write a Letter: When was the last time you wrote a letter? Not an email, text, or social media post. An actual letter that can be given to someone or mailed for a tiny price. Another great idea is to write a letter to someone to open at a future date. Some examples include: to your kids on their 16th birthday or when they get married.
31. Swap Items: This is one of the best ways to not spend money and get something in return!! Go shopping through someone else’s stuff and swap. You can create a host a swap party for items like clothing, toys, games, kitchen supplies, home decor, books, tools, etc. One person’s trash is another person’s treasure. This is something that you can do in person or online.
32. Birdwatch: Never been bird-watching? Then, grab a bird-watching book from your local library to make sure you can tell the birds apart and learn a few new facts.
33. Pick up a Book: What do you prefer – fiction or nonfiction? There are plenty of books to keep you entertained for hours. Also, you could ask a friend to read the same book and then plan a time to discuss it. If your local library doesn’t offer what you are looking for, then start a free trial of Kindle Unlimited.
34. Check Out a Local Gym: Almost all gyms want people to check out their place. Many will offer a free class or up to a free week. Try out a new spin class, yoga class, pilates class, or CrossFit. There are so many gyms popping up on every block that this can keep you busy and fit for a couple of months.
35. Photography: We all know that we have one of the best cameras at our disposal, but do you use the camera in your phone to the best of its ability? You can fiddle around with it, check out some YouTube channels, or head to the Apple store for a free class.
36. Photo Shoot: I stopped buying professional pictures of my kids a long time ago. There wasn’t a point in spending the extra money because as a parent I seriously have taken thousands (if not hundreds of thousands) pictures of them. And we have saved tons of money over the years, especially on sports and team photos.
37. Slideshows: Now, that we have tons of photos… what should we do with them? Turn them into a slideshow or some other digital way to view your photos.
38. Nature Walks: These types of walks have a purpose. To explore and realize the nature around you. Typically, in our house, the goal is to find 10 different types of objects (smooth, rough, prickly, big, small, etc.) or look for something with the same characteristics (like various rocks). The list of types of nature walks you can come up with is endless.
39. Go Sightseeing: There are so many beautiful places to look at in our cities. You can head up to the mountains, the beach, or even urban areas. You can plenty of things to do around here. Don’t forget your camera!!
40. Clean Your House: Really? Does this have to go on the list of ways to spend weekends with no spending money?!?! But, what a great way to spend your time especially when bored. Plus you will have something to show for your elbow grease and hard work.
41. Projects You Put Off: Raise your hand if you can think of a project or two (or ten) that you have put off. When you don’t want to spend money, it is a great time to dust off that list and dig in.
42. Make a Budget: If you are broke or struggling with no money, then it is time for a budget. A budget isn’t meant to be constricting. It is designed to help you spend money the way you want to. Manage your money ahead of time. Learn how to make a budget.
43. Take Surveys for Money: Have spare time, then make some extra money by taking surveys. One of the easiest things to do and not spend money. The best surveys to do include:
44. Declutter: This is one of my favorite things to do, but also one of the hardest. Why? I realize all of the money I spend on wasteful items that we don’t even use in the house. Many were impulse purchases or out of boredom. Then, it is hard for me to declutter and get rid of the items because of wasted money. However, living with less stuff means more meaningful time on things that matter.
45. Dive into Basement Storage: You could be doing one of two things. Cleaning out the basement area and getting rid of the unnecessary stuff burdening your life. Or pull out some of your favorite treasures and find a way to use them.
46. Clear Out Garage: This one makes me cringe, too! A great way to make productive use of your time on a no spend day is to clean out the garage. Clean out the unnecessary items and organize what is left. That way you can find a screwdriver the first time you look.
47. Neighborhood Cleanup: Since we are in the cleaning mood, let’s spread out to your local neighborhood. This is a great activity to do with a group of friends. With just a trash bag, you can leave a beautiful area for many to enjoy.
48. Redecorate a Room: What is more fun than a refreshed space? This is easy to do when changing out seasonal decor. Or just move the furniture around to create a whole new look. We did that with our dining room table direction and people would always think we did something massive!
49. Take a Nap: Who doesn’t want a nap (except for that young child who needs a nap)? Take care of yourself and take a step back from the busyness of life. Nap time is a special treat. Plus you can’t spend money when you are sleeping!
50. Video Gamer Competition: You can get free games through your library or with a free trial on Twitch. Just make sure to grab a friend to join you for a little bit of people socialization.
51. Playgrounds: Something that is easy things to do around here is found right in your neighborhood. Head to the local playground and run around crazy after your kids. Play tag and you will wish you had all of the energy they do! Change things up and find a new playground to check out.
52. Dump Debt: I always felt broke when I was in debt. If I spent money, I felt guilty about it. Figure out your debt free date and learn how to pay off debt faster. Use an app called Tally to help you overcome your debt.
53. Play Chess: This is a classic game that everyone should learn how to play. Plus it is one of the best free no no-money activities. Many cities have full-size chess pieces in local parks that make playing that much more fun!
54. Watch a Documentary: This is spare time well spent. A documentary will open your eyes to various views and perspectives. This is a productive use of your time.
55. Dance Party: This is always a hit, especially with kids. You don’t need to worry about where to go when you have no money. You can bring the party to you! There are so many free ways to listen to tunes and no money is spent for moving your body.
56. Delete Unused Apps: Take a few moments and delete any unused apps off your phone. This will help improve phone efficiency.
57. Art Supplies: Gather up all of the art supplies and see what type of creations you can make with stuff that you already have. Double bonus if you create some gifts, too! This is a great idea of things to do with friends! Here are things to draw when bored.
58. Cancel Unused Subscriptions: When you are broke, you need things to do, then look at what you spend money on but don’t use. This is a great money-saving tip! Use a service like Trim or Paribus to help you.
59. Daydream Life Without Debt: Okay, one of the top reasons people are broke is because of debt. We were in that situation too. I would always daydream about life without debt. And then it happened! Read more about our story on why we became debt free. Now, you can start to daydream about life without debt, too!
60. Listen to Podcasts: This is a great way to increase your knowledge around a certain subject or topic. Find your favorite podcast.
61. Post Skills & Make Money: Do you have a specialized skill or service that you can offer? You can post your skills and services on NextDoor, TaskRabbit, or Fiverr. It could be something as simple as shoveling walks or raking leaves. This is great if you want to double $10k quickly.
62. Make Extra Money: One of the best things to do instead of spending money is to be making money. There are plenty of ways to keep you entertained and not bored. Check out this list 20 Genius Ways on How to Make Money Fast. This cannot be stressed enough!
63. Feed the Ducks: Okay, well today, you aren’t allowed to feed the ducks. But, they are interesting creatures to watch and keep you entertained. But, this is somewhere to go when you have no money.
64. Memory Lane: Let’s take a stroll down memory lane. Pull out old photo books, find your keepsake box, and scroll to the of your pictures and videos. Grab some Kleenex and take a walk down memory lane.
65. Visit a Nursing Home: Looking where to go when you have no money? Then, look no further than the closest nursing home. Their residents are always looking for people to interact with. After striking up a conversation or two, you will walk away with golden nuggets of life lessons and a chance to learn from your mistakes.
66. Meal Plan: This one is a productive use of time plus will save you money over the next week. Use this money saving tip and learn how to meal plan like a pro.
67. Mediation: We are constantly on the go. When was the last time, you were just still? Take time and meditate. Start with mindfulness meditation. This is when you learn to pay attention to your breath as it goes in and out. Clear your mind.
68. Try a Budgeting App: This is a great time to stop living paycheck to paycheck and truly figure out where you spend money. Here are some great budgeting apps:
69. Set Goals: When you are asking yourself, “How can I spend weekends with no money?” Start by setting goals. Without an idea of where you go in life, you will be just bobbing along from one thing to another. Get help on making money goals.
70. Bake: More than likely, you probably have all of the baking necessities on hand. Try a new recipe or make an old favorite. Grab a friend or family member to make it more fun! Have too many cookies? Take them to a fire station or a nursing home.
71. Open Houses: In the market for a house, looking to remodel, or just want to redecorate, then check out open houses for ideas and inspiration. There are hundreds each week and a great way to spend weekends with no money. To add more fun, create a persona and a story on why you are looking at houses.
72. Watch a Sunrise: What better way to experience the wonderful beauty of nature! Find a spot to watch a sunrise and soak up the morning rays. Maybe even combine it with a short hike.
73. Watch a Sunset: The sunsets are us can be magical and absolutely colorful. There are so many spots to watch a sunset. Plus no two sunsets will be the same. Maybe even back a picnic.
74. Time Capsule: Make yourself a time capsule to be opened on a big birthday or in a big life year.
75. Craw Dad Fishing: Calling all dads (and maybe moms)! Head to a local creek with some sticks and hot dogs as bait. This is probably my kid’s favorite summertime activity.
76. Build a Fort: This is the only reason I keep so many blankets on hand. Kids can spend hours on end creating a fort with blankets. Pull in the chairs and start building. This will also include STEM learning because it is a science to get blankets to stay up on the fort without caving in.
77. Camp in Your Fort: Yay! Spend the night in your fort and pretend you are camping. This is a great stay-at-home idea for young kids.
78. Play in the Snow:I will admit it is snowing while I type this. All you need to do is head outside and find plenty of things to do without spending money. You can make snow angels, have a snowball fight, color the snow funny colors, catch snowflakes on your tongue, or shovel for extra money.
79. Built an Igloo Fort: This takes me back to feeling like a kid (at least until the soreness kicks in). Building a fort out of snow is so much fun! You can quickly spend hours outside and have a blast. Then, have fort wars!
80. Visit a Farmer’s Market: Learn what fruits and vegetables are local to your area. This is one of my favorite activities especially in small towns.
81. Learn a Foreign Language: With so many cool apps and websites, you can teach yourself how to speak a foreign language. Maybe you just need to brush up on those high school classes. Then, you can volunteer at a local community center to practice!
82. Find a Pet to Love: Head to your local animal shelter and love some pets that need to be rescued. This is a great way to not spend money and help the community. Maybe donate extra blankets to help out the rescue.
83. Figure Out Your Net Worth: This one hasn’t been popular with many of my readers. But, your net worth has to start somewhere (even if it is negative). However, we have been working to increase our liquid net worth this past year. If your goal is to become a millionaire next store, you have to start somewhere.
84. Dress Rehearsal. This one may be harder to find, but an awesome idea if you can. Some venues will allow people to attend their dress rehearsals for big shows. You won’t have the same experience as the real show. At the end of the show, you will save lots of money and may be asked to provide feedback.
85. Sound Checks: Is your favorite bank headed to town and you can’t afford to go? Then, go a couple of hours before the start of the concert and keep your fingers crossed they are doing sound checks. This works really well for outdoor concert venues. I have a cousin who has become a pro at this!
86. Get on a Realtor’s Mailing List: Realtors are always marketing their services and vying for attention. Many realtors will send out mailers with local activities that you can explore for free. Others may invite you to special events that are really fun and totally free for you!
87. Minute to Win It: Play this game against the clock which will have you laughing for hours. Most of the minute to win it games are with items you can find all throughout your house. This one is a winner to hang out with friends, kids, or families!
88. Find Grand Openings: This is where to go when you have no money. Search for grand openings in your local area. Many times you will walk away with freebies and other goodies! Plus more than likely you will have a story to share about your experience.
89. Free Exercise Routines: No need for a gym anymore! You can download apps for plenty of workouts to keep you fit and healthy. Scroll YouTube for yoga classes. If your goal is to lose weight, then try Healthywage and get paid for losing weight.
90. The Bad Gift Exchange: Plan a party with friends and tell everyone to bring the worst gift they got from the previous holiday. Hold a funny white elephant exchange and laugh at what people spend money on.
91. Free Class at Community Colleges: Check out your local community college for the free classes they are offering. You should be pleasantly surprised at how many free classes you can take.
92. Free Classes at Stores: Hitting up stores may seem backward on where to go when you have no money. However, many stores offer free classes or projects. The goal for stores is to get you in the store in hopes that you will buy one or two things while you are there. Resist the urge to buy something and go for the free projects. Stores I know that offer free classes, projects, and crafts: Ikea, Home Depot, Lowe’s, Joann’s, Michaels, and smaller mall stores.
93. Favorite Recipes List: Too many times we forget some of our favorite recipes and they go un-made for months. Create your go-to recipes that everyone in your family loves. This will make your meal planning much easier and faster. Even better… convert your recipes to a digital file.
94. Research your Genealogy: If you want to know more about your family history, then you can spend hours learning more on the various genealogy websites. Even better, call the family historian to learn more about your heritage.
95. Fly a Kite: Don’t worry about having to buy a kite in order to have fun! Get creative and make your own. This is something my kids have figured out how to do on their own with store grocery bags and string.
96. Invite Your Kid’s Friends Over: Kids always want time to hang out with friends. They can always find something to do with their friends. Then, you can get some quiet time. You don’t need to spend any money for everyone to have fun. It is a win-win situation.
97. Get Your Personal Finances in Order: This is one of the most important things to do. Yet, it always slips to the bottom of your list. Learn how to organize your personal finances and make sure your wills are up to date.
98. Make a To-Do List: There is no better time to power through your to-do list. It is a great idea to not spend money and be productive. You may have to DIY projects or save money to finish them another day. But, you can tackle the hard stuff.
99. Last Text Message: Scroll all the way to the bottom of your text message list and find that friend you haven’t talked to in a long time. Invite them over and have a conversation.
100. Free Apps: There are so many free apps available. You can learn a new skill, play a game, organize your life, sharpen your brain, and connect with friends. The options are endless on this one!
101. Local Festivals or Events: Once again, there are so many free activities. Check out your local area for weekend activities. Bonus hint: pack your own food and snacks so you aren’t tempted to spend money with the food vendors.
102. Camp in Your Backyard: You don’t need to drive anywhere to camp. My kids love setting up the tent to camp right here at home. The tent gets more use and the bathrooms are mighty convenient.
103. Check Newspapers. From Money Bliss reader, Elizabeth recommends checking the local newspaper as they list out all of the local events in the community. Her money saving tip is to use the library’s copy for free. Also, the online digital version may have the same info.
104. Free Trials: When you are looking for things to do for free and that don’t cost money, then look no further for free trials. The options are endless because people want to try out their product. At a bike event, I was able to do a free trial for a road bike. It was a great way to check out what I liked and not spend any money.
Ideas for possible free trials:
Just make sure to cancel before the trial ends!!
105. Count Your Blessing: Too many times we take for granted everything that we have. Take the time a start writing a list of everything you are grateful for. These blessings have enriched your life. Find ways to enrich someone’s life.
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Great way to save money on local restaurants, activities, hotels, adventures, and more!
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How do you have fun without spending money?
Now, we have covered an extensive list of things to do with no money. Hopefully, you have learned that you don’t need to spend money to have fun.
You can enjoy your time and not spend money. You can be productive when bored.
You will always have an answer to what do you do for fun!
There are so many ideas to help you through your no spend days.
That should be a smile on your face (and your bank account).
You can figure out what should I do today.
The less money you spend each day the more money you can save for one of our money saving challenges. That is one of the best things you can do for your finances.
Don’t Miss… 90+ Fun Things to Do on Christmas Day
What are your favorite places to go with friends when you have no money? If I missed one of them, please tell me in the comments.
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.
Do you ever walk out of the movie theatre after seeing a film and just want to applaud? It can be so satisfying when your favourite actor holds their own in a serious role, successfully transitioning from funny to dynamic and back again. The best actors have mastered the skill of seamlessly segueing between different tonal registers, creating memorable performances that stay with you long after the credits roll. Below are the top 15 picks for those who excel at humorous and dramatic roles!
1. John C. Reilly
Photo Credit: Matteo Chinellato / Shutterstock.
“John C. Reilly, who even had a comedic song at the Oscars once at how he was both in Boogie Nights and Talladega Nights.”, shared one user.
One user shared, “Olivia Colman, winner of the 2013 BAFTA TV Award for Best Female Comedy Performance, and Olivia Colman, winner of the 2013 BAFTA TV Award for Best [Dramatic] Supporting Actress.”
Another user replied, “Love her so much. My wife was a huge fan of Peep Show, and we thought she was so funny; then we watched Broadchurch, which blew us away. Now she’s a movie star, and I couldn’t be happier for her.”
3. Bryan Cranston
Photo Credit: Denis Makarenko / Shutterstock.
One user posted, “Bryan Cranston. Amazing in Malcolm in the Middle and Breaking Bad. Simply one of the best.”
Another user commented, “I wonder why I had to scroll down that far. He played both one of the funniest and most threatening roles on TV. There were a few interviews where he slipped into Heisenberg conversation, and it’s fascinating how he can transition flawlessly from funny answers to being hyper-serious and scary.”
4. Rose Byrne
Photo Credit: lev radin / Shutterstock.
“Rose Byrne.”, posted by one user.
Another user shared, “Came to say this—she’s clearly had dramatic chops since the Damages days, but she’s also hilarious in any comedy you put her in, even if the movie itself isn’t.”
5. Steve Carell
Photo Credit: Denis Makarenko / Shutterstock.
“Steve Carrell always had that comedic actor label for the longest time for me. Even with more serious roles like in Dan in Real Life he still played it funny. But then I saw Foxcatcher, and he just DISAPPEARED into that role and was absolutely terrifying. I totally bought him as Du Pont, and despite all of the comedic roles he’s done before, it did not take me out of his monstrous performance he did one bit. Great addition!” said one user.
6. Sam Rockwell
Photo Credit: Shutterstock.
One user mentioned, “Second him. In my experience, all his characters are likable and charismatic in some way. In The Green Mile, he was not exactly a likeable guy, but his performance was so energetic it was hard not to enjoy watching it.
Loved him in Three Billboards Outside Ebbing Missouri. That was a character that felt part realistic, partly like a comedic character. Serious and humorous. Such an outstanding balance.”
7. Jeff Daniels
Photo Credit: Denis Makarenko / Shutterstock.
One Redditor stated, “Jeff Daniels.”
Another added, “Lol My Favorite Martian and Dumb and Dumber to Newsroom is so insane because it’s such an extreme contrast in terms of performances but he nails both perfectly. I think this is my favourite addition. Thank you!”
8. Robin Williams
Photo Credit: Shutterstock.
“Robin Williams. He can break your heart, make you just about [pee] yourself laughing, then break your heart, leaving you sobbing all over again, all in the space of 3-4 minutes,” posted one user.
A Redditor added, “Surprised no one mentions Adam Scott. Significant in Severance and Step Brothers/Parks and Rec.”
Another user replied, “I was in awe at how amazing he was in Severance. I wouldn’t have bet on him being this good.”
10. David Tennant
Photo Credit: lev radin / Shutterstock.
“David Tennant. One of the most popular incarnations of Doctor Who; played the insidious Purple Man in Jessica Jones; then was fantastic in Broadchurch (alongside another worthy mention Olivia Colman) and is currently back as Crowley in Good Omens,” commented one user.
11. Emma Stone
Photo Credit: Andrea Raffin / Shutterstock.
One posted, “Emma Stone.”
Another user replied, “Great choice! I absolutely cannot wait to see her in Poor Things.”
11. Bob Odenkirk
Photo Credit: Joe Seer / Shutterstock.
“Bob Odenkirk deserves a mention,” shared one user.
12. John Goodman
Photo Credit: Joe Seer / Shutterstock.
One user shared, “John Goodman.”
Another user replied, “Check out the TV series Treme. The first season, he was amazing.”
13. Phillip Seymour Hoffman
Photo Credit: Andrea Raffin / Shutterstock.
“I’m pretty amazed everybody in this thread really forgot about Phillip Seymour Hoffman,” one user posted.
Another Redditor added, “Same, I thought he’d be close to the top. He was the first actor I thought of.”
14. Robert de Niro
Photo Credit: Shutterstock.
One Redditor shared, “De Niro made a pretty solid transition to comedy with Analyze This and Meet the Fockers, but then it didn’t quite continue, and he made more bad comedies than good. Still, he himself can definitely do perfect comedy and is believable; just should have picked better scripts.”
15. Meryl Streep
Photo Credit: Denis Makarenko / Shutterstock
“Meryl Streep,” shared one user.
One Redditor commented, “Meryl does whatever the f- she wants because she can, and she pulls it off. Same with Helen Mirren. They’re perfect and my life goal for beautiful aging.”
What do you think of the actors listed above? Share your thoughts, or you can read more here!
10 Actors Perfectly Cast for Their Character Roles
Photo Credit: Warner Bros.
Have you ever watched a movie or show and been completely lost in it because of how well an actor or actress became their character? Check out this article for a whole list of actors who were perfectly cast!
11 Vampire Movies That Will Make You Thirst for More
Photo Credit: Columbia Pictures.
You know that feeling where you’re on a movie kick in a certain genre, but you seem to run out of good movies to watch? Well, if you’re down for a vampire movie or three, check out this article for the best ones out there!
10 Incredible Movies That People Rated 10 Out of 10
Photo Credit: Universal Studios.
It’s pretty hard to replicate the experience of watching your favorite movie for the first time, but we’ve put together a list of movies that people have rated at a perfect 10/10. Next time you need a good movie to watch, check this out!
10 Famous People Who Canceled Themselves With Their Own Stupidity
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We’ve all been there: you make a comment you haven’t thought through at all, and the whole room goes silent at what you’ve just said. But can you imagine doing that as a famous person—and getting canceled? Check out this list of celebrities who did just that!
13 Things You Shouldn’t Do When You’re in the US
Photo Credit: Shutterstock.
Are you planning a trip to the US? Culture varies a lot between countries, even countries that share borders. So if you’re headed to the good old U. S. of A, here are a few pointers to make your travels go more smoothly!
We all know Whoopi Goldberg as an iconic actress with an impressive roster of nostalgic films. The 68-year-old EGOT winner has crossed over from the big to the small screen effortlessly, bringing her magnetic personality to daytime television.
Being a host on The View made her a household name, but few people know of her achievements beyond her actress/talk show persona. On top of her long-spanning career, her real estate portfolio is also pretty impressive — and Whoopi has an eye for old Victorian homes.
She loves antique houses so much that she has acquired a remarkable collection of historic homes, now living in a nearly century-old residence in, fittingly, America’s oldest planned community.
Whoopi Goldberg currently lives in West Orange, New Jersey
Photo credit: Google Maps
Nowadays, Goldberg resides in the gated neighborhood of Llewellyn Park in West Orange, New Jersey, about an hour away from her workplace in New York. Known as “America’s oldest planned community,” this area is known for its grand estates and architectural pedigree, with famous residents and ex-residents including William Colgate, George Merck, and inventor Thomas Edison.
Born and raised in Manhattan, Goldberg has always considered herself a true-blue New Yorker. But even city dwellers need a little peace and quiet sometimes.
“I lived in the city and had no way of sitting outside,” Goldberg said in an interview. “Because every time I go sit outside, 50 people would come and hang out.”
Whoopi purchased her current West Orange home in 2009 for $2.8 million. The 97-year-old colonial-style abode was built in 1927 and has 9,486 square feet of space. It has eight bedrooms, seven bathrooms, a large pool, and a gym.
Design-wise, the vintage home is a mish-mash of everything the actress loves. She loves collecting diverse photos and artwork to display on her walls.
Photo credit: Instagram / Whoopi Goldberg
“I am sort of eclectic,” she explained in April 2012. “The periods kind of clash all over the house, which is great for me — it feels like you can hang out. It’s formal … and yet it doesn’t give a s—t.”
She bought her first Victorian in Berkeley, California back in the ’80s
Her love for old homes started in the 1980s, shortly after her big break in The Spook Show.
Goldberg bought her first-ever Victorian-style house for $335,000. It featured New Orleans-style architecture with 1,455 square feet of living space, a large front porch, and vintage columns.
It also had a two-story barn, which was converted into a cottage. She sold this property in 2015 for an impressive $2 million — that’s over $1 million in profit!
Whoopi’s Pacific Palisades vintage home
In 1993, she purchased her second historic home in Pacific Palisades for $2.5 million.
Built in the 1930s, the house was owned by famed writer Vicki Baum. The gorgeous vintage estate boasts over 7,000 square feet of living space and sits on a half-acre lot in a private area.
Photo credit: Redfin / MLS
Lush greenery, tall gates, and thick trees line up its perimeter, keeping the property hidden from prying eyes. Creeping vines decorate the facade, adding an enchanting look to the home.
Indoors, modern elements juxtapose its vintage vibe. Checkered floors, marble fireplaces, and expansive windows add a contemporary touch. Other amenities include a large swimming pool and a separate guest house.
Whoopi kept this home for over two decades and sold it in 2018 for $8.8 million.
Her most remarkable property was a 17th-century house on 745 acres of land
All of Whoopi’s homes have their own unique charm, but the most impressive property she owned was her Vermont farm, which sits on 745 acres of land. While 640 acres are conserved land, which means they can never be developed, the estate is vast and teeming with pasture animals, trees, and crops.
Photo credit: Redfin / MLS
The original colonial house, which dates back to the 1700s, had a two-bedroom bunkhouse. It has been reconstructed several times throughout the years.
In 2004, Whoopi decided to strip down the property to its bare bones and do an extensive renovation. A lot of the original structures were scrapped, but the rustic feel from the original cabin was kept. Whoopi sold the estate — known as the Robinson-Winchester Farm — in 2012 for $1.5 million.
Currently, Whoopi is busy promoting her just-released memoir titled Bits & Pieces: My Mother, My Brother, and Me. The semi-autobiographical book discusses her rise to fame and her relationship with her late mom and brother.
In her exclusive statement to PEOPLE, she said: “This book is dedicated to my mother and my brother and our time together as a small, funny little unit. It’s dedicated to anyone who’s found themselves on a scary path not of their choosing or dealing with loss.”
More stories
Denzel Washington’s house, a mega-mansion he’s called home for 20+ years
Brad Pitt’s home in Carmel, the historic D.L. James house
See Gwyneth Paltrow’s house in Montecito, her “Forever, Forever Home”
Stand-up paddleboarding. Kayaking. Biking. Skiing. Seattleites love our outdoor activities, but all this equipment takes up a lot of space. We tapped local stores, outdoor enthusiasts and designers of stylish storage solutions for the best ways to store your gear — and creative ways to show it off in the process.
Safety first
REI Co-op retail sales specialist Celia Binder says there are several factors to consider when storing recreational gear: safety, aesthetics, ease of use, cleanliness and environmental impacts.
“Is the gear stored securely? Using the appropriate hardware or storage accessories to organize or display gear is important,” Binder says. So is practicality.
“Is it convenient to transfer the gear from its storage place to being used?” she asks. Make sure the storage space doesn’t keep you from using it outside.
Think about what happens if the gear comes into the house dirty.
“A bike may look great hanging next to the TV, but would you be OK with putting it there if it’s muddy?” Binder asks. “A wooden paddle may look great next to the couch, but if it’s often wet when it comes inside, there is probably a better spot for it.”
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Be sure to protect your equipment from environmental impacts. Don’t store tents, camping chairs or other fabrics in direct sunlight because UV rays degrade fabrics, Binder cautions. Avoid repeated, large temperature fluctuations, which can warp or crack your gear. Basements and attics have extremes, she says, with moisture and high heat.
“In general, a cool, dark, dry space is ideal for most gear storage,” she suggests.
Storing boards
Tiara and Jacob Zvonar opened Basecamp Board and Bike in Seabrook, Wash., in February. Tiara has been paddleboarding for 15 years. One of the challenges with boards, she says, is they’re quite large and tough to store.
“Best practice is to have your board off the ground or standing on a foam board or carpet to absorb water and prevent further wear and tear,” she says.
She likes Store Your Board’s free-standing G-Surf SUP storage rack for higher capacity storage outdoors. “Whether it’s personal or professional, you want to take care of your goods,” Tiara says.
Kristen Sill, Store Your Board’s customer experience lead, says the G Rack series is very popular in summer.
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“A lot of people are looking for things on their dock. The G rack goes directly on the dock to store your kayak and paddleboards right there so you can take them into the water,” Sill says. “Find something that protects and secures your gear and displays it well, then take it off the rack and go.”
Mountain to Sound Outfitters in West Seattle recommends a portable storage rack for boats, kayaks and canoes. The Suspenz universal portable boat stand folds up when not in use and can be toted along for washing and rigging. There’s also a portable stand for SUPs.
Gear as décor
For indoors, Tiara recommends Board Huggers surfboard wall hangers for a midcentury modern look that can layer into any décor. Woodworking artist and surfer Alejandro (Alex) Valcarcel makes these by hand from hardwoods like American walnut. His motto is, “Instead of hiding your boards away, put them on display.”
“For seamless presentation in store or home,” Tiara loves the “floating bike” look of Store Your Board’s minimalist bike storage wall hanger, which costs less than $20. Twonee’s wood bike wall mount integrates storage with your décor. Made of 100% alder wood, it’s painted blue and has a shelf to hold books, a potted plant or your helmet.
Binder likes to combine gear, maps and photos in one wall space.
“We often use gear in places that we love — a familiar nook of a city, far off in the mountains or anywhere in between,” she says. Showcasing the places you use your gear ties it together visually.
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“Framing gear with a minimal box or frame is a great way to keep the focus on the gear itself,” Binder says. “REI uses a lot of minimalist, wooden boxes and frames to showcase vintage gear in our stores. Even the best cared-for gear has a finite life. When it’s time to retire something, there are lots of creative ways to keep it in use. Old skis can be built into chairs. Retired climbing ropes can be woven into doormats. The options are endless!”
Simple solutions
Peg boards are another useful tool for organizing and displaying your collection of outdoor reactional items.
“The board itself can be painted or left natural, then pegs of various sizes sort all kinds of gear — water bottles, headlamps, climbing hardware, camp cooking gear and more,” Binder says. “This is also a great way to have a quick look at the gear you have,” rather than hunting down pieces throughout your home.
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Ben Mawhinney is co-founder of Wonderland Gear Exchange in Seattle’s Fremont neighborhood. He says they’ve had to create “intuitive, efficient displays that are highly flexible because we never know exactly what gear people are going to bring us each week.” The store’s multiuse storage systems include racks that hold skis in the winter and bikes in the summer. Wonderland also uses materials like metal pipes, 2-by-4 and clamps that are easy to adjust. These in-store ideas can easily be replicated at home.
“Our sneaky recommendation: search for ‘raw steel’ metal gridwall panels (to avoid the shiny chrome ones), which are industrial-chic,” Mawhinney says. “You could use hooks to store packs or helmets, and then you could brighten it up by weaving a colorful, retired climbing rope through it or by adding hanging plants.”
Adjustable Uttyhooks provide easy, portable storage with a small profile. They can hang from a tree branch, ski rack or anywhere in your home to keep your belongings dry, accessible and off the ground. Binder recommends nylon daisy chains (a piece of climbing gear) and carabiners as another versatile option.
Get creative
Sill says people always reach out with funny questions about what exactly they can store.
“A lot of people like to store their lily pads from boating on a hoist,” pulley system, she says. “Outdoor explorers use our storage racks inside their cars to store chairs or sports equipment. Someone made their outdoor shower with our vertical surfboard rack!”
The Hi-Port ceiling rack is intended for kayaks, but one customer used it to hold their iguana cage and made a whole home on the ceiling for their reptile.
Remember the why
Jason Sawyer of nature-inspired Seattle furniture and design studio SML says, “I think that the way we display our gear really says a lot about the love we have for the sport or activity in which we engage.”
Sawyer showcases favorite old skateboards, snowboards, bikes, canoes and collateral in his wood shop.
“All of these items are like a visual representation of who I am as a person,” he says. “I find all of them inspirational. They remind me to get out and do the things that bring me joy.”
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Expert tips
Regardless of what you’re planning to store or display, be sure to measure everything out beforehand and think about the space you have.
“People don’t realize until after that the kayak doesn’t fit the space well,” Sill says. Because racks hold heavier items in general, it’s important to install into studs and consider stud spacing.
Here are some additional tips from Store Your Board to get started:
1. Dimensions: Measure length, width and height of your gear carefully, especially if you’re hanging your bikes vertically so they’re off the ground. “Consider the user: who is going to use it, who will be taking it on and off?” Sill says. Match it to their size and height.
2. The wall: Use a stud finder. Most racks are going to need to be installed on studs to safely hold the weight they are rated to hold. Many items are adjustable, but some require standard 16-inch stud spacing. For adjustable wall racks, determine the best distance to space the arms by your stud spacing and the length of your gear. Aim for an even distribution of weight on the rack. In most situations, you can divide the length of your board or kayak in half and use that number to space apart the arms. (Example: if your board is 10 feet, space your arms 5 feet from each other so the majority of the board is between the arms, with only 2.5 feet hanging off on either side.)
3. Material: Metal studs can be challenging. Consider using free-standing racks instead.
4. Surfaces: Concrete and brick require specific hardware, like a Tapcon screw. Ensure the concrete anchors are rated to hold the maximum weight the rack will be supporting.
If you trust us with anything, let it be the fact that a simple bouquet (fresh or faux) has the ability to brighten any room. This acrylic vase will perfectly accentuate your florals and is the coolest addition to any desk or shelf.
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2
this squiggly tray
BIGPIPI Ceramic Jewelry Tray Dish
If your desk is littered with earrings, hair ties, and any other miscellaneous items (relatable), then this tray = the answer to all your problems. It also comes in other bold colorways like red and metallic silver.
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3
this vase duo
puthiac White Ceramic Vase
Now 21% Off
A circular vase is an unfailing decor piece, and these two are super cool (and super affordable). Your fave stems or feathers will look v cute sitting in these.
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4
this sleek lamp
ONEWISH Touch Bedside Table Lamp
Some added light is always a good idea, and this touch-activated lamp is the perf way to incorporate some extra brightness into your space—no switches or buttons needed!
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5
this candlestick holder trio
Vixdonos Pink Candlestick Holders
Eclectic candlesticks are all the rage, and your dining room/dinner parties/overall vibe would be extra fab with these glass ones displaying your fav candles. Plus, they basically come in every colorway imaginable.
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6
this elegant tray
Hanobe Decorative Serving Tray
Now 23% Off
All your new decor is gonna need a place to sit, so how about this circular tray? IMO, it would be the ideal finishing touch for your vases, candles, and whatever else your heart desires.
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7
this asymmetrical mirror
TRAHOME Wall Mirror
Why settle for a plain ole mirror when you can see your beautiful reflection in this funky one?!
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this throw blanket
CozeCube Checkered Blanket
Calling all maximalists! Anything checkered is a furnishing go-to, and I love this throw blanket for all the cozy vibes.
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9
this mosaic vase
COVEGE Pink Vase
Okay, is this not the prettiest vase you’ve ever laid eyes on?! It literally embodies all the ~spring has sprung~ vibes, and the mosaic tiles are to die for.
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10
this cloud-like comforter
Lush Decor Reyna Ruffle Comforter Set
Your bed def deserves an upgrade, and this ruffled blanket set would add a lil feminine flare to any bedroom. Because who wouldn’t wanna fall asleep in a fluffy white cloud every night!?
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11
these rounded shelves
VASAGLE Corner Shelf Wall Mount
Unsure what to do with your empty corner? This meandering shelf unit would look amazing filled with all your fave candles, pictures, and such.
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this pink lamp
Simple Designs Shades of Pink Ceramic Lamp
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If you feel like your room is lacking something, it just might be this anything-but-basic lamp.
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this wooden table
Bamworld Rattan Side Table
Need some extra space for your food, drinks, and even a magazine or two!? This side table combines a sleek glass design with rattan for a modern twist on the wooden aesthetic.
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these adorable bowls
Batitie Colorful Ceramic Bowls
Because who wouldn’t want to eat snacks or salads out of these precious floral bowls?!
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these beaded coasters
Folkulture Boho Coasters
If you’re the type of person who constantly needs a bev in hand (same here) then these cute beaded coasters are a must-have for your surfaces.
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these colorful glasses
Bella Vino Colored Wine Glasses
Now 38% Off
Need a wine glass upgrade? The answer is always yes. These oversized ones would look so good housing your fave wines or spritzes.
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17
this bougie bar cart
PAUKIN Gold Bar Cart
This isn’t just your basic bar cart. It boasts racks for your glasses, a sleek marble design, and the round shelf even has a 360-rotating design for easy access to your bottles and such. Say no more.
Like your grandma’s needlepoints, but make them super funny and *slightly* offensive.
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19
these floating shelves
Kazai Wall Shelves
Give your walls a major leg up with these wood shelves. Plus, they can hold up to 22 pounds of stuff!
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20
these wool coasters
Woolygon Square Felt Ball Coasters
These funky coasters are exactly what your coffee table/bar cart/glass of wine needs. Plus, they come in a bunch of different colorways, so you’re sure to find one that matches your ~aesthetic~.
Jasmine Hyman is the assistant shopping editor at Cosmopolitan where she covers all the best things you can add to your cart. She loves writing about everything from fashion to politics, and you can definitely find her listening to Harry Styles’ entire discography on loop while doing so. She’s also probably in bed either reading or endlessly scrolling through TikTok (most likely the latter). Feel free to follow her on Insta to be inundated with pictures of her meals.
M&W Design Co, a sustainable souvenir and gift manufacturer, has launched a new product in their Home/Gift division, “ThinPrints,” a trendy home decor sign that is “thin enough to hang, wide enough to sit, and fun enough to show off.” The unique signs are made of furniture-grade wood and provide a versatile and sustainable option in the home decor market.
The brand’s reentry into the home decor space comes at a poignant time as consumers demand sustainable solutions. The new brand brings the values of M&W Design, a prominent vendor in the souvenir space, to the home and gift market and is one of the few B Corp-certified companies in this space that is also made in the U.S. The ThinPrints signs have various categories which cover family, work, fun, sarcasm and holiday.
“We have a lot of fun bringing these words to life with our designs,” said Mike Whalen, founder of M&W Design. “Not only do some of these pull at your heartstrings, make you laugh, or radiate positivity, but in some instances also say out loud what others are thinking.”
In addition to being sustainable, each product in the new line is designed to be “unique and memorable,” the company said, “making them perfect for gift shops, souvenir stores, boutiques and many other retail locations.” The versatility of the signs, which can be hung as wall decor or set down as stand-alone shelf sitters, was key to its design.
“We spoke to the marketplace and listened to the fact they were asking for a product which could be put in multiple places, including tight areas other products are not able to fit,” said Alec Carr, business development director at M&W Design. “It is invigorating to provide a solution to the marketplace while also bringing awareness to B Corps with a sustainable solution for the home & gift market.”
Funny home decor sign or shelf sitter by ThinPrints.
Spark of Sustainability
Mike Whalen, founder of M&W Design Co, spent years in the scrap metal industry, witnessing firsthand the power of recycling and reusing. Whalen said that experience “ignited a desire in him to create something meaningful, something that resonates with the values of sustainability and stands the test of time.”
Combining art, travel and sustainability, he set out to shake up the souvenir and gift space and founded M&W Design in 2018. M&W Design’s commitment to sustainability extends beyond its products. According to the company, it is currently the only Certified B Corporation in both the souvenir and home markets with products made only in the U.S.
Certified B Corps are businesses that meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose. In addition to this certification, part of M&W Design’s mission is their support for OneTreePlanted.org and Water.org. Products purchased from M&W Design have a direct donation back to these organizations.
“As our brand grows, we continue to expand into new categories in which we feel we can make a difference,” Whalen said. “Being able to make a product here in the USA and do it sustainably, while also being competitive, energizes us. We’re excited to push the envelope and create products that bring awareness to consumers. Products such as ThinPrints show that being diligent, listening to the marketplace, and being creative, show what is possible. We look forward to being different from other traditional companies and creating change in the industries we evolve into.”
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode:
Explore car buying in 2024, from Carvana’s process to the electric vehicle surge and how to maximize your car’s sale value.
Budgets Beyond the Numbers: How do you manage the emotional aspects of budgeting? What’s the car buying market like in 2024? Hosts Sean Pyles and Elizabeth Ayoola discuss personal budgeting and the future of car buying to help you understand how to navigate financial decisions with confidence. They begin with a discussion of budgeting “beyond the numbers,” with tips and tricks on categorizing expenses into their emotional impacts to make budgeting feel more personal.
Today’s Money Question: Is Carvana a good service? Should you buy an electric vehicle if you’re in the market for a new car? NerdWallet autos writer Shannon Bradley joins hosts Sean Pyles and Sara Rathner to delve deeper into the future of car purchases and the electric vehicle revolution. They explore the evolution of electric vehicles, the current state of the car market for both buyers and sellers, and strategies to get the best deal when selling your vehicle. The conversation aims to provide insights on choosing the right time to buy an electric car, understanding the market dynamics, and ensuring a smooth car selling experience.
Check out this episode on your favorite podcast platform, including:
NerdWallet stories related to this episode:
Episode transcript
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
What’s in a budget? If you look at the 50/30/20 budget, you have your needs, wants along with extra debt payments and savings. But we all know a budget can be much more than that. We get into it this episode. Welcome to NerdWallet’s Smart Money Podcast, where we help you make smarter financial decisions, one money question at a time. I’m Sean Pyles.
Elizabeth Ayoola:
And I’m Elizabeth Ayoola.
Sean Pyles:
This episode we answer a couple listeners’ questions about car buying and selling, including what to know about the electric car market right now. But first, we’re exploring what’s really in a budget beyond the numbers and Elizabeth, this is something that you are especially interested in, right?
Elizabeth Ayoola:
I am, Sean, because budgeting gets a bad rep, but it can be fun too, especially when you have something you really want and are working towards, but it can be equally stressful. I’m not going to deny that.
Sean Pyles:
Totally. When people hear the word budget, they might just think about numbers in a spreadsheet or about restricting themselves from purchasing something that they want. Neither is really fun. And don’t get us wrong, we are still big proponents of having a budget and we think the 50/30/20 budget, where you have half of your income going towards needs, 30% going towards wants and 20% going towards extra debt, payments and savings, can be a really accessible and flexible framework for most people, but it doesn’t get to the more personal parts of our finances. So Elizabeth, you like getting into those deeper parts of a budget and you do this by breaking it into three general categories: something stressful, something exciting, and something confusing. Can you talk about why you are thinking about your budget in this way and what’s the purpose of each category?
Elizabeth Ayoola:
So I feel like by doing this, it gives our budget some personality, it creates some interesting conversation around our budgets. I think we all know that budgets can be monotonous, so breaking it up like this helps me stay engaged with my budget and also have something to feel excited about. You know what I’m saying, Sean? So the confusing one especially is a chance for me to challenge myself to untangle areas of my budget where I’m winging it or I’m just disorganized and usually I’m winging it or disorganized because I’m overwhelmed and don’t understand something.
Sean Pyles:
This reminds me of a game that I sometimes play with my friends called Rose, Thorn, and Bud. The rose is something good that happened to you, the thorn is as you might expect, something that’s a little bit thornier or unpleasant and the bud is something that is in progress or something that you are excited about. This is kind of like that, but for your finances, it’s a way to categorize items of your budget under broader themes, which can help you process them in that more personal and emotional way. Is that how you think about it too?
Elizabeth Ayoola:
Exactly. You just put it in a fancy way. Thank you, Sean.
Sean Pyles:
Thank you.
Elizabeth Ayoola:
And I also have a new game that I’m playing with my friends because I’m stealing your idea.
Sean Pyles:
Happy to hear it.
Elizabeth Ayoola:
As of recent, I’ve been asking them when I go on girlfriend dates, what’s one thing they hope happens this year? But I’m definitely going to swap it out for your idea.
Sean Pyles:
Oh, I love that. Well, to help our listeners understand this way of thinking about budgeting, Elizabeth, I would love to hear what you are finding stressful, exciting, and confusing in your budget right now?
Elizabeth Ayoola:
As a recovering over sharer, I am definitely going to share that. So let’s start with stressful. Start with the worst, a moving budget. So just please anybody rescue me on a red carpet and make sure you bring a margarita with you because moving is stressing me out. I’m trying to make the move as cost-effective as possible because it’s looking like I’m going to spend a couple of thousand dollars right now and that’s really hurting my feelings.
Sean Pyles:
Yeah, it’s a lot of money.
Elizabeth Ayoola:
So now let’s get into the exciting thing, a love sack. I don’t know if any of our listeners or you, Sean, have heard of love sacks before, but they’re essentially these giant beanbags and in my fantasy of living out the Bohemian dream in my household, I have something like a love sack where I can read books and watch Netflix and do whatever else I want to do on it. So I’ve wanted one for years, but they are pretty pricey. They can start around the $900 range and go up to a thousand dollars, but I am budgeting for that and I’m looking forward to it. The only thing I’m worried about is my son putting his Cheeto hands all over my stuff.
Sean Pyles:
That’s a fair concern. Also, you might want to wait to get that until after you’re moved because that would be just one other thing to haul across state lines.
Elizabeth Ayoola:
Oh fact, I’m definitely not buying that now, so I’m going to buy it once I move. So it’s also giving me more time to save towards it or to budget for it. Another exciting thing I’m also budgeting for is to go to Nigeria. So I am Nigerian for the listeners and I haven’t been since I had my son maybe like four or five years ago, and he’s been asking me to go. That’s kind of what inspired the trip, but it does cost a couple of thousand dollars, so I’m budgeting towards that as well, but excited. And lastly, what is confusing? Balancing business and personal budgets at the same time is very confusing for me right now.
So I’m trying to kind of figure out how much to put towards retirement saving because my expenses just keep changing and I’m also trying to ensure that I don’t commingle, which is when you’re mixing kind of your business finances with your personal because we don’t want the IRS to come knocking. So all these kind of things are just confusing and maybe a little bit stressful as well. Then lastly, my son is going to a private school in August, so my budget is going to change. I’m trying not to be hard on myself because I really like saving big chunks of money and him going to private school might mean I have to save less, but it’s all good.
Sean Pyles:
See, I feel like this really shows how your budget is being enacted to help you meet the short and long-term life goals that we talk about so much on Smart Money and also the various emotions that come with meeting your goals or trying to meet them and the compromises that are just inherent in this conversation you have with yourself and your finances. Also, Elizabeth, last week you said that you were financially boring, and I’m going to say that all of these things are interesting. I’m especially excited about your trip to Nigeria, so let me know how that goes. And also let me know where you land on your savings when your son starts private school.
Elizabeth Ayoola:
Of course, I’m going to share that with you guys, so watch out for that. It has been so long since we’ve been to Nigeria, so we’re looking forward to it. And private school, well all the listeners with kids know that kids swallow up your dollars, but I hope to get a good return on investment on this. So what are yours, Sean? Tell me about your things that are stressful, exciting, confusing.
Sean Pyles:
Okay, well this is where I reveal that I am actually boring. Something stressful is that I’m in the middle of a season of travel right now, which is not boring. It’s very exciting actually. But I went down to San Francisco for a concert a couple of weeks back and I’m about to fly out to the East coast to see some friends in New York and DC and it’s going to be great to see these friends and it was great to see San Francisco again where I lived for many years, but boy, oh boy, traveling is very expensive. It’s much more expensive than working from home day in day out and the adjustment from making my breakfast every morning and having my coffee and a nice little ritual for myself, going from that to spending $20 on the sandwich and a coffee every single morning is a little bit painful and a little bit stressful for my budget, but I’ll make it work.
And then something exciting, this might be a little bit premature because it’s not actually going to happen for nine months, but I’m getting relatively close to paying off my car. I’ve had this car loan since 2020 and I know I took a longer car loan than we typically recommend, but that’s just where my finances were at the time. And I’m kind of lucky to have a pretty affordable car payment. But I am also very excited about having that extra $350 that I pay for my car each month back in my budget, even though I will likely direct most of that into my car savings bucket. Confusing? To be honest, nothing is too confusing for me right now fortunately, but as ever, I am in this continual dialogue with myself and my ADHD impulses that tell me to buy random things that I sincerely do not need. And what’s helped me recently to shake myself from buying things online is just asking what do I expect this thing to do for me? And the answer is usually nothing meaningful. So that helps me break the spell.
Elizabeth Ayoola:
Oh, I love that. And I can relate with you re ADHD. I think in a previous episode I told y’all that I was emotional buying and I’m so glad to update y’all that that has stopped.
Sean Pyles:
Oh, congratulations.
Elizabeth Ayoola:
Thank you. No more random Zara shops every other week. So I’ve been doing pretty good and I can understand what you’re saying, re travel because I have lots of upcoming trips as well and it’s so expensive. But Sean, I’m excited about the car. $350 a month sounds really good to do something else with. And that’s about how much my payment is too. So I’m going to tap into your excitement and hopefully I will be there next year.
Sean Pyles:
Manifesting that for us, yes. Well listener, I hope this exercise has helped you think about your own budget in a new way. Before we get into this episode’s money question segment, let’s check in on our nerdy question of the month, which is what is your weird money habit, behavior, or principle that you live by?
Elizabeth Ayoola:
Here’s one weird money habit that a listener texted us. I just listened to your podcast of a person with dozens of credit cards. I’m one of those individuals too. To be clear though, the only balances I carry are those on temporary 0% promo offers and ones that are paid off monthly. My system is to carry five to six cards in my wallet and rotate them, then return those cards to the bottom of my home credit card stack. Another side gig hobby I do is entering sweepstakes online daily. It’s an easy but exciting activity that can lead to surprise winnings at any given time. My biggest win to date is $24,000 minus taxes, of course. That’s a large chunk of cash.
Sean Pyles:
Oh, that’s an interesting one. Thanks for sharing that. So listener, let us know: what is your weird money habit? Do you only use cash for all of your transactions or are you a hardcore credit card point maximizer?
Elizabeth Ayoola:
Or maybe you have 10 billion bank accounts like Sean. Okay, he just has 10. It’s not 10 billion, it’s just 10.
Sean Pyles:
I didn’t really think that was weird until recently. I was talking with a friend who was considering getting her very first high yield savings account, and she looked at me like I had two heads when I mentioned that I have 10 accounts. So maybe that’s also a good way to think about this. What is something that you do with your finances that seems maybe totally normal to you, but everyone else around you thinks is a little bit off? We want to know.
Elizabeth Ayoola:
Yes, we do. So tell us your weird money habit by texting us or leaving a voicemail on the Nerd hotline at (901) 730-6373. That’s (901) 730-N-E-R-D. Or you can email us a voice memo at [email protected].
Sean Pyles:
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We’re back and answering your money questions to help you make smarter financial decisions. This episode we’re taking on a couple questions about cars, how to buy and sell them, and how electric vehicles fit in. And we’re joined by NerdWallet autos writer Shannon Bradley to help us navigate the winding roads of car buying in 2024. Shannon, welcome back to Smart Money.
Shannon Bradley:
Thanks for having me back. Let’s get to the first listener’s question. This comes from a voicemail.
Listener Voicemail:
Hello. The reason I’m calling is we were wondering what do you think about the company Carvana? We’re thinking about selling our vehicle to them because if we maybe try to sell it at a car dealership or something, we’re not really thinking that we’re going to get a good deal for it. But we don’t know as far as us selling a vehicle to them, not us purchasing one from them, if they’re reputable with regards to that. We’ve never used them.
Sean Pyles:
So Shannon, can you start by giving us a quick explanation of how Carvana works?
Shannon Bradley:
Yeah. Carvana is an online only car retailer and they sell and buy used cars only. They also take trade-ins. And based upon the listener’s question, I think the most important thing is that you can request an offer for your car right on the Carvana website as long as it’s a 1992 model or newer. And it’s a pretty simple process. They’re going to ask you for your 17 digit vehicle identification number, more commonly known as your VIN, or your license plate number. They’re going to ask you for mileage, the vehicle condition, vehicle options, and then if you have a loan or a lease on the car, they’ll ask you for information about that too.
Sara Rathner:
So other than Carvana’s iconic car vending machines that you see dotting the landscape in different cities, what makes it different from going to a dealership or to CarMax?
Shannon Bradley:
Well, let’s talk about CarMax first. CarMax is an online retailer too, and they’re very similar to Carvana. I think one of the biggest differences when you sell your car between the two is how you get your car to the retailer. With Carvana, you can finalize the entire sale remotely. They will come to your house, they’ll pick up your car, do the inspection there. You do have to be within one of their service areas, and there could be a small fee depending upon how far you are from their hub. CarMax, on the other hand, they offer pickup, but only at limited locations in four states.
So more than likely you’re going to have to take your car to a CarMax store for inspection. And depending upon where you live, that could be quite a distance. So if you compare these types of online retailers to a dealership, I think two of the biggest differences are convenience and being able to negotiate what’s offered for your car. Again, with Carvana, you can potentially complete the entire process of selling your car right from your home, but when you get an offer from Carvana or CarMax, it’s not negotiable. Whereas if you sell to a dealership, you can attempt to negotiate that offer.
Sean Pyles:
So car buying and selling is a notoriously frustrating process. Are there any common complaints about how Carvana handles this process that maybe are distinct from other ways of buying and selling a car?
Shannon Bradley:
On the selling side, I’m not aware of too many complaints. In fact, it was kind of funny, over the weekend I had a friend on Facebook ask this very question, and so I was monitoring responses of people and they were saying that it was a fast and easy process to sell their car to Carvana. On the buying side, I think the thing is, you have to remember that when you buy a car from Carvana, you can’t test drive it, you can’t inspect it. And on occasion, I’ve heard of people receiving a car that they didn’t feel really matched what was represented online. But I think the thing to keep in mind there is that Carvana offers a seven-day money-back guarantee with a limit of 400 miles. So when you get your car, just take that time to really test drive it and get a very thorough inspection done.
Sean Pyles:
So people go with Carvana because it seems like a really easy way to buy or sell a car and you can potentially just have the car dropped off at your front door. But that doesn’t mean that you still don’t have to do your due diligence and then get that inspection to make sure the car is as good as they are telling you it is.
Shannon Bradley:
Yes, exactly. They will allow you to, I think return up to three vehicles. There is some leeway there. And then the other thing that I was just going to mention, because I think a lot of people have heard about this because there was a lot of media coverage about it. This was in late 2022, early 2023, there was an issue with Carvana buyers. They would buy a car, they didn’t get their title in a timely manner, and so they couldn’t even register and drive the cars. And that’s something that our autos team has been monitoring. It doesn’t seem to be the issue that it has a year ago, but we still recommend for people to ask for proof of title. It’s just given that there were issues a year and a half ago, it’s just not a bad idea to do that.
Sara Rathner:
So our listener, like so many others, is interested in getting a good deal when selling their car. Do we know if places like Carvana offer better or worse deals than other places where you can sell your car?
Shannon Bradley:
Well, when you compare Carvana to CarMax, I’d say that’s kind of a toss-up. I think a lot depends on the vehicle you’re selling. Is it one that the retailer needs in their inventory at that time? And if it is, they may be more inclined to make you a better offer, but that’s why it’s so important to get more than one offer. And then you asked about dealerships. Traditionally you can get more selling your car to an individual, but of course that’s not going to be as easy as selling to someone who’s going to come right to your door and pick it up or even being able to go to the dealership down the road, but dealerships, their offers tend to be the lowest. But again, it depends on the car that you’re selling. Right now we’re seeing that both new and used cars are low inventory for Toyota. So if you have a type of car that a dealer is really needing on their lot, you may be able to negotiate a better deal.
Sean Pyles:
So the car market has been on a wild ride over the past few years, really since the pandemic began. So what is the car market looking like right now both for buyers and sellers?
Shannon Bradley:
Well, I would say wild ride is kind of an understatement. As someone who’s been covering the car market for the last three years, it has been a wild ride. It is not back to where it was before the pandemic. But from a car buyer aspect, several things are improving. For one, inventory is returning to normal. And actually you have some auto manufacturers who have overshot and are overstocked and those particular manufacturers, they’re starting to offer incentives again. We’re hearing you may be able to negotiate below the manufacturer’s suggested retail price, which was really unheard of during the pandemic. And then on the downside, we all know how vehicle prices are still high. I think actually this morning I saw that the average transaction price for a new vehicle is still at $47,000. That’s not small change by any means.
Sean Pyles:
No, it’s a lot of money.
Shannon Bradley:
But you can find deals out there, especially if you’re flexible about what you’re buying. And then leasing has some good deals. And if you buy or lease an EV right now, you could qualify for the federal tax credit of up to $7,500 on top of the other incentives that are out there.
Sara Rathner:
So how about sellers in the current climate? How are things looking for people who are selling their car right now?
Shannon Bradley:
Well, I would say they’re not faring quite as well as the buyers. Depends on what you’re selling, but if you recall, during the pandemic the vehicle shortage meant that individuals were actually selling their cars for a lot more than they paid for them. And with car supplies returning to normal for most manufacturers, selling isn’t what it was during the pandemic. You shouldn’t anticipate a huge profit like we were seeing in the past several years, but you should expect to receive a fair price and you can do that by researching the current market value of your car.
Sean Pyles:
So how can people get the most money for their vehicle?
Shannon Bradley:
Well, I go back to research. Research is key. If I was selling my car right now, I definitely wouldn’t put all of my eggs in one basket. If you get only one offer, which is something a lot of people do, they just don’t want to take the time to get more than one offer, you won’t ever know if there was a better offer out there. And the thing is, nowadays, it’s easy to do your research. You have online pricing guides where you can find estimates like Edmunds or Kelley Blue Book. And as we’ve been discussing, you can request actual offers from sites like Carvana, CarMax or TrueCar. And there’s not any cost or obligation to do that. Something we recently launched at NerdWallet, we can also make an offer on your car. We now have NerdWallet Automotive and you can find that when you Google NerdWallet buy my car.
Sean Pyles:
Alrighty. Well now let’s turn to the next question, which comes from a listener’s text message. They wrote, what is the fuel of the future? I’ve been researching about buying a new car and they’re saying that cars in the future are going to be electric, but if there’s a new fuel of the future, should I just wait until the new fuel comes out or just buy an electric car now? So Shannon, if you don’t mind, please bring out your crystal ball or industry research and tell us is there a new fuel of the future or does it seem like electric vehicles are the automotive energy of the coming years?
Shannon Bradley:
Well, we’re hearing a lot about research of different alternative fuels like natural gas, propane, or hydrogen fuel cells, which is really just another way of generating electricity. But these are all really in their early stages of development and adoption. So while I think development of various ways to lower vehicle emissions will definitely continue, my crystal ball says that in the near future, the emphasis will still be on EVs.
Sara Rathner:
And is that because EVs have just been around longer and have an advantage in the market over these other fuel types?
Shannon Bradley:
Yes, Sarah, it is. Many people don’t realize that the first electric vehicles were actually introduced in the late 1800s, then they kind of fell by the wayside and interest renewed in the 1970s. So it’s actually taken a long time for us to reach a point where electricity is accepted as a fuel source as it’s becoming today. According to Kelley Blue Book, EVs represent the fastest growing car sales category, and last year nearly 1.2 million U.S. vehicle buyers went electric. We don’t expect that pace to slow down with federal and state legislation as well as so many car makers devoting many resources to the transition to EVs. I just don’t see a quick pivot to other fuel sources that are going to take more time to build that infrastructure and to build that adoption rate.
Sean Pyles:
So the EV market has been developing rapidly over the past few years, but many anxieties that would-be buyers might have around electric vehicles like range, affordability, finding chargers are pretty persistent. Have any of these issues gotten better?
Shannon Bradley:
They have gotten better. For comparison, before 2016, when you’re looking at range, the median range of a new EV was below 100 miles and the top performing option couldn’t travel 300 miles without a charge. Today you can buy an EV that has a 250-mile range for less than $40,000 and the high-end models can have a range of more than 400 miles per charge. When you’re talking about the charging infrastructure, that’s improving too. We now have about 60,000 charging stations across the country, and that’s more than twice the number that we had five years ago. And there are a lot of incentives out there to help with installing home chargers, like from some auto manufacturers or your local electric company.
Sara Rathner:
What about the price of these cars? EVs are generally more expensive than gas powered cars. Is this changing?
Shannon Bradley:
That’s improving too. I think the Tesla price drops have driven other car makers to follow suit. There are a lot of EV incentives out there to help reduce the cost. As I said earlier, you could qualify for the federal tax credit of up to $7,500 and that can usually be stacked with other incentives from car manufacturers, state and local government and electric companies. The U.S. Department of Energy actually has a site, you can find it by searching alternative fuels U.S. Department of Energy, that has a database where you can research all of the various incentives that are available. Late last year, I talked to someone who was an EV buyer in California and he used multiple incentives to knock $8,000 off the price of a Chevy Bolt. And then right now there are a lot of EV leasing deals, and that’s a great option if you’re someone who just isn’t sure that you want to go ahead and buy an EV right now.
Sean Pyles:
Okay. So Shannon, I have to ask you, as a consumer and also someone who writes about this stuff a lot, how are you thinking about electric vehicles? Have you made the jump or are you planning to?
Shannon Bradley:
I haven’t made the leap yet, but it isn’t because I don’t want one. I’m pretty frugal with my money and I bought a gas-powered car right before the pandemic, so I was able to buy it before car prices skyrocketed. And I’m in a fortunate position right now where I’m no longer supporting children. I was receiving, like everyone, stimulus funds during COVID, so I was able to pay down that car and I actually don’t have a car payment right now. I am environmentally conscious. So I think that eventually I will buy or lease an EV, but for right now, I’m enjoying taking a vacation from car payments and putting that money into my retirement savings.
Sean Pyles:
Well, that does sound like a very smart financial decision. I’ll say that. Well, Shannon, thank you so much for joining us on Smart Money.
Shannon Bradley:
Well, thanks for having me.
Sean Pyles:
And that is all we have for this episode. Remember, listener, we are here for you and your money questions. So if you have anything that you want the Nerds to help you out with, call us or text us on the Nerd hotline at (901) 730-6373. That’s (901) 730-N-E-R-D. You can also email us at [email protected]. Also visit nerdwallet.com/podcast for more info on this episode. And remember to follow, rate and review us wherever you’re getting this podcast. This episode was produced by Tess Vigeland who also helped with editing. Sara Brink mixed our audio. And a big thank you to NerdWallet’s editors for all their help.
Sara Rathner:
And here’s our brief disclaimer, we’re not financial or investment advisors. The nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sean Pyles:
And with that said, until next time, turn to the Nerds.