I first read about the envelope system back in college. I used it regularly, but after graduating and paying off my debt, I sort of abandoned it. I’d gotten a hold of my finances, and I figured I could budget safely without having to use this tactic. I could afford to give myself a break.
Then, last month, I realized just how much of a break I’ve given myself over the years, especially when it comes to food. Upon examining my expenses for the year, I complained to Brian:
“Hey, why am I always paying when we go out? I know it’s the 21st century, but come on!”
“What are you talking about?” he argued. “I always pay!”
“Then why did I spend upwards of $400 this month?” I asked.
“I don’t know, but so did I.”
“No,” I argued. “There’s no way we spent a grand on food in just four weeks.”
Turns out, we did. We’ve been spending a ridiculous amount on food and groceries. And while it hasn’t put us in the poor house, it’s still a waste. It’s a waste because there are things we want to save up for — a house, maybe. Who knows if that’s what we’ll want in a few years? But when we get there, it would be nice to know we have the option and didn’t squander it on burgers and beer.
“We’ve got to start using the envelope system,” I declared.
“What’s the envelope system?” Brian asked.
“We take a set amount of cash from our paychecks and stuff it an envelope,” I explained. “And that’s the only money we can use on groceries and dining out.”
“I don’t like it.”
Brian doesn’t enjoy frugality as much as I do. For him, it’s more of a means to an end. Still, he knew it was the right thing to do if we wanted to stop spending like maniacs.
It’s been almost a month since I’ve returned to the envelope system. Here’s what I’ve learned (and re-learned).
I Overestimated My Frugality
I forgot how much power tangibility has. I stopped using the envelope system years ago because, as I mentioned, I was earning more and was financially independent. My debts are paid, I have an emergency fund and, each month, I auto-deposit into my retirement and savings accounts. All of this convinced me that I was on top of my finances; I didn’t really question my thrift. And maybe I had a good hold on my finances, but I also spent $400+ on food in one month. In fact, in one week, I’d spent $90 on groceries and another $80 on restaurants.
And hey, sometimes in life, things happen and maybe you do spend crazy money like that. Or maybe you really love food, and you earn enough to spend money on what you love. But the thing is, I didn’t even think twice about it. Oh, sure, I noticed I was blowing my budget a little every now and then. Life happens. A friend comes into town one month; I throw a party the next. But I was blowing my budget by the hundreds on a regular basis, and maybe I was in denial, but I failed to admit that.
Being restricted by cash helped me understand how liberal I was being with my debit card.
Expect the Unexpected
This week, we had a couple of friends unexpectedly come into town. They wanted to go out and enjoy the city, and we wanted to show them around. Of course, dinner was involved, because you can’t come to Los Angeles without eating Umami Burger.
“We just won’t go out this weekend,” I told Brian. He argued that their visit shouldn’t come out of the envelope money, as it was unexpected. We talked about it for a while and eventually realized that most of our overspending is usually due to the unexpected: A friend comes into town. It’s someone’s birthday. We have to bring a pie to an impromptu potluck. The things that don’t happen every month keep happening every month. Thus, when we calculate our food budget, we should expect the unexpected.
Planned Splurges Are More Enjoyable
A couple of Saturdays ago, we headed downtown with some good friends. These friends know where all the best spots are to eat, drink and play. We knew we were going to spend money, so before we left, we talked about how much cash we should bring. We decided on $60. Taking out $150 every Friday, this would give us $90 for the week, which should be plenty.
Going out that day, we were conservative with our money. We still enjoyed each spot we visited, but we didn’t spend carelessly, as we knew the $60 would have to last us the entire day. We were more conscious of what we wanted to spend money on. This kept me from ordering cheese fries when I wasn’t even that hungry to begin with. Under the old system, I would’ve ordered the fries without thinking about my budget. Under the old system, my budget was something I dealt with later — I already spent $240? Okay, then I’ll try to only spend $10 for the rest of the month. But using cash made the budget something I had to consider as I was spending. This made budgeting much more effective. No kidding, right?
That day, we held back enough to enjoy the most delicious bowl of ramen later that night. I’d been looking forward to that Ramen all day. Knowing that we planned for this splurge made it all the more tasty.
Leftover Money Feels Awesome
This week, we’ll actually have $12 left over. It’s just $12, but the fact that we stayed within our budget feels great — because it wasn’t hard. We didn’t go out as much, and when we did go out, I ordered less food. I only paid money for things I really wanted. And I don’t feel any different; I don’t feel as if I missed out on anything.
I thought it would be painful to return to the envelope system. It’s a little surprising that spending less has been so easy.
Another thing I learned: it’s important to make a regular habit of looking at the big picture when it comes to my finances. I assumed I was being a good little saver who just had a few occasional unexpected expenses. I didn’t take a step back and consider that I was being haphazard about my spending.
These days, I’m in a much better financial position compared to my college days. The ramen I eat now is a little more sophisticated, a little more expensive. My lifestyle and savings goals now are different than they were in college, but the envelope system works just as well now as it did back then.
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What does it mean when your right hand itches?
It’s just a little scratchy, but it hurts to touch. That probably sounds familiar if you’ve ever had an allergy or hives on your skin.
But what does it mean when the right hand starts itching? And why do some people think that scratching for more than 20 minutes helps relieve the itchiness?
Right hand itching questions stem from the same reason people ask about left hand itching.
Did you know…Itchy right hands are a common superstition that is thought to bring good luck.
There are many different explanations for why this might be the case, but most people believe it has something to do with the fact that an itchy right hand is usually a sign that good things are coming.
If you’ve ever wondered what the top 13 most popular superstitions related to right hand itching and money are, this list is here to answer your question.
What is the superstition about a right hand itching money?
The superstition of an itchy right hand has many different interpretations.
One interpretation is that it means you will receive money soon. Another interpretation is that it means someone is talking about you behind your back. Overall, the belief is wealth is in your future.
Right Hand Itching Meaning
Right hand itching is an unexplained itch on the right side of the hand. It’s often believed to be one of the medical diagnoses of itchiness.
Most people experience right hand itching at some point in their lives, and it can be a sign of something more serious.
There are many possible causes for right hand itching, including dry skin and allergies. But most cases don’t have a clear cause or solution.
That is why so many people there must be luck with right hand itching and money – or even the lottery!
Origins of the Right Hand Itching Superstition
The right hand itching superstition is a belief that the hand that writes or types with the left hand becomes itchy. It likely originated from an ancient practice of scratching one’s head to relieve an itch on the opposite side of the head.
There is no evidence to support this superstition, and it likely originated from an ancient practice of scratching one’s head to relieve an itch on the opposite side of the head.
The superstition may have been passed down through oral tradition and then written down.
Possible Meaning of Right Palm Itching
Right palm itching is a common phenomenon that has been etched into history and folklore. Many people attribute this itch to an ancestor or someone in their family who passed away.
What does it mean when your right palm itches?
Right palm itching is a common phenomenon that has been etched into history and folklore. Many people attribute this itch to an ancestor or someone in their family who passed away.
1 – True Medical Cause
First of all, I’m not a doctor, so you much have any serious itching checked out by a medical professional (they are good at their jobs).
If you are finding that your right hand is itchy and uncomfortable, there are a few things to consider and take medical action.
Here are some thoughts:
If the itchiness persists for more than 24 hours, then this could be a sign of an infection.
If the discomfort is caused by a skin allergy, then you may be experiencing symptoms of an allergic reaction such as swelling or hives.
Hint…this is why going to the doctor can be helpful to help you figure it a true diagnosis.
2- Something Causing you Stress
When you have right palm itching, it can mean that you’re feeling overwhelmed or stressed.
It could also be a sign that you’re not taking care of yourself properly.
When you have right palm itching, you need to uncover what is causing the stress in your life. This might be because of work pressures, relationship problems, or some other issue.
You might feel overwhelmed and stressed if this continues unchecked. Taking care of yourself by getting enough rest and exercise can help to relieve the itchiness.
3 – Belief in the Possibilities of Money Coming to You
Right hand itching has been a sign of wealth, good luck, and the arrival of visitors since ancient times.
If you are experiencing itchy hands, rubbing your left one on your right is said to bring more wealth and fortune into your life.
Just like with positive money affirmations, there is truth to believing in the power of the mind to overcome your realities.
Right Hand Itching and Lottery
Right hand itching is a term used to describe an annoying and persistent sensation in the right hand. It’s often referred to as a “lottery” because it can be difficult to determine what’s causing the itch.
Nevertheless, some people believe that there is a connection between an itchy right hand and the winning lottery numbers.
There are several news stories of people who won the lottery shortly after having an itchy right hand. However, there is no scientific evidence to support this claim.
What are some of the 13 popular superstitions?
Superstitions are common beliefs that help people make sense of the world.
When it comes to money and wealth, naturally people want to gravitate to anything that will help their situations.
Here are some of the most common superstitions and their associated explanations.
Friday the 13th
Friday the 13th is considered an unlucky day by many people.
This superstition may have arisen from a number of different things, such as the number thirteen being associated with bad luck.
For example, some people avoid traveling on this day, but others believe that traveling is a great way to avoid any bad luck. Additionally, some people believe that it’s bad luck to buy a lottery ticket on Friday the 13th, while others think that this could bring them good luck.
Whatever the reason, many people believe that Friday the 13th is an unlucky day. However, many believe that if you take action and are proactive about your day, you will receive good luck or fortune.
Breaking a mirror will give you seven years of bad luck
This superstition is based on the belief that breaking a mirror will release the bad luck that has been trapped within it. The story goes that if a woman breaks her mirror, she’ll have bad luck for the next seven years. If a man breaks his mirror, he’ll have bad luck for the next seven years and also be unable to see himself in mirrors.
This superstition may originate from ancient beliefs about witches and their ability to cast spells by using objects such as mirrors. It’s possible that people believed that breaking a mirror would release all of the negative energy associated with the witch’s spell.
Today, this superstition is still popular and often used as an excuse to break mirrors without really understanding why!
Unlucky to walk under a ladder
There are many superstitions surrounding walking under ladders, but the most common one is that it’s unlucky. This superstition is based on the idea that a ladder is a sign of bad luck.
The belief is if you walk under a ladder, you’ll be cursed and will have problems throughout your life.
There isn’t much evidence to support this superstition, but it’s still widely accepted.
Many people believe it because they’ve heard it from their parents or grandparents and don’t want to risk offending anyone. If you’re worried about crossing under a ladder and causing bad luck, simply avoid doing so!
Alternatively, you could try saying “good luck” as you walk underneath it to ward off ill fortune.
Knocking on wood will keep you safe
The idea is that the sound of the knock will send a message to the gods or spirits who live in the wood, asking them to keep
There’s no scientific evidence to support this superstition, but many people continue to do it anyway because it makes them feel good. For many right hand has a spiritual meaning.
So, whether you believe in it or not, there’s probably some truth to the saying “knocking on wood.”
Horseshoes are lucky charms
There are many superstitions surrounding horseshoes, but the most popular belief is that they are a lucky charm. People believe that throwing horseshoes will bring good luck to the person who catches them.
Horseshoe tossing is a centuries-old tradition in many countries and has been linked to both physical and spiritual health benefits. Playing a game of horseshoes is easy on the body and provides benefits with social interaction.
Another theory suggests that hanging horseshoes in the “U” position will keep out evil from the house where it is hung. By decorating your door with a horseshoe in the U position, you are keeping your home free from negative energy which can have a positive impact on their lives and attract good luck to the house.
Wearing a white ribbon around your neck
People in the United States and other countries wear a white ribbon around their necks to protect themselves from illness and danger.
The ribbon is a symbol of peace and purity.
A penny found on the ground is good luck
Some people believe that if you find a penny on the ground, it means good luck for the day.
This superstition is based on the belief that money is associated with both happiness and good fortune.
In fact, one gentleman collected all the pennies he found for 45 years and ended up saving over $5000! (source)
Throw salt over your left shoulder and on the floor
It is said that throwing salt over your left shoulder will protect you from bad luck.
The superstition is said to originate from the ancient Egyptians who believed that the left side of the body was associated with the dark side of the moon. To avoid bad luck, they would throw salt over their left shoulder with their right hand to cleanse themselves.
Bad luck to open an umbrella indoors
Opening an umbrella inside is considered bad luck because it can bring rain indoors.
This superstition likely originated from the belief that opening an umbrella will cause the wind to change, which in turn will cause rain.
Crossing your fingers when you make a wish.
The superstition of crossing your fingers when you make a wish is a result of the Latin word meaning “to shut the hand.”
In ancient Roman times, it was believed that making a wish with your open hand would allow the bad luck you were wishing for to enter your house. So instead, you crossed your fingers.
The custom has become so popular that it’s even found its way into our society.
Putting money in an egg carton to bring money in the future.
They say that the egg carton is like a time machine and that when you break the egg and the money falls out, you are telling the universe that you want to receive that money.
Others believe that putting money in an egg carton will bring you good luck.
This is a very simple thing for people to do.
Sneezing Means Death
When someone sneezes with their right hand, it is thought that the devil will enter their body through their nose and they will die soon. There are many superstitions surrounding sneezing and they vary by culture.
Another thought people believe that if you sneeze, it means someone is talking about you. It is said that a sneeze is a “passing of the wind” and that the wind carries the words “bad news” to the person who is sneezing.
Right hand itching is one of the 13 popular superstitions. There are many beliefs on what it means when your right hand itches, but the most popular belief is that it means good luck is coming your way. To ensure a good night’s sleep, some people say “Blessed are the meek” before bedtime.
Saying “Blessed are the meek” before bed
Some superstitions include saying “Blessed are the meek” before bed to ensure a good night’s sleep.
This is because people who are meek often have less stress in their lives and are less likely to have anxiety or depression. Saying this before bed will help you get a good night’s sleep, which will help you have a better day.
Just like starting with a billionaire morning routine, this is something simple to do to ensure a great day!
What is the superstition about an itchy palm?
There are a few different superstitions about an itchy palm.
One is that it means you will receive money soon. Another is that you will be going on a journey.
And finally, some believe that an itchy palm means that someone is talking about you.
Right Hand Itching and [Bad Luck]
Some people believe that right hand itching is caused by bad luck or misfortune, so they try to avoid situations that might trigger it (like trying to play the lotteries).
Others think that scratching the itch will make it go away, but this isn’t always true. In fact, scratching can sometimes make the itch worse.
What are the different interpretations of this superstition?
There are a few different interpretations of this superstition.
One is that it means you will receive money soon.
Another is that it means someone is talking about you behind your back.
And finally, some believe that an itchy right hand means you should be on the lookout for danger.
How to improve the luck further?
There are many ways to improve your luck further, and some of these include doing things that have been traditionally associated with luck.
Here are specific things to try:
Avoid unlucky days and times.
Keep a positive attitude throughout the day.
Wear prosperity bracelets.
Carry a good luck charm with you.
Dress in lucky symbols.
Follow the same routine when you found success.
Pick up pennies that are head-side up.
Don’t let negatively affect you
There are also a number of simple tips you can follow to increase your chance of success, such as staying organized and disciplined in your work, avoiding distractions, and setting realistic goals.
Is it a Fortune, Lottery Number, or just a Symptom of Itching Palms?
The best way to deal with right hand itching is to identify its cause and treat it accordingly. If you cannot identify its source, you may want to consult a doctor for further testing or treatment options like prescription medications.
If the doctor cannot find a medical cause of your right hand itchiness, then start tracking when and where your itchiness occurs.
Then, you can easily prove your right hand itchiness wasn’t from blisters, nerve disorders, or something else crazy.
Your truth will be the decision on whether your right hand itching was from money coming your way or a medical disorder.
If you are looking for believable excuses to miss work, then scratch your right hand to your left to come into instant cash.
Know someone else that needs this, too? Then, please share!!
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.
Do you want to make $10,000 a month?
I was struggling with this question for days. I wanted more money now and the thought of making $10,000 seemed like a dream spurred on by advertisements in magazines promising “easy” earnings opportunities.
But then again, it may have been too good to be true. And that’s why I’m writing this article: because so many people are looking for these quick ways to earn big bucks online without a lot of work – and I’m here to deliver.
I’ve been browsing the internet for years and have found a few ways to make $10,000!
There are a lot of ideas out there, you just have to decide what works well for you. So don’t get too excited just yet.
When you follow these easy-to-follow steps, you’ll be on your way to earning yourself some greenbacks that will take care of all those bills and more than pay off your student loans (or at least buy you a new car).
I have provided links to each of the sources I used for this article, so you can check them out for yourself and decide if they’re worth your time.
So without further ado, let’s get started.
What is the quickest way to make $10,000 a month?
Getting started on a side hustle has never been easier. But how do you know where to start?
Check out these six ideas that can be done in hours and make money like crazy!
Become a freelance writer
Start an Etsy shop
Create and sell digital courses
Drive for Uber or Lyft
Become a virtual assistant
Learn how to day trade
Three Ways to make $10000 a month
Everyone wants to make money and get rich quickly, but the truth is that it takes time.
There are many ways of making a living today; you can choose the traditional route, make money online, or look at passive income.
Option #1 – Make $10,000 a month by earning a high income
There are a few ways to make a high income. You can work in a high-paying profession, like a lawyer or doctor.
Working in a high-paying profession is the most common way to make a high income. If you want to earn a six-figure salary, you’ll need to choose a career that pays well. Some of the highest-paying jobs include doctors, lawyers, investment bankers, and CEOs.
Starting your own business is another great way to make a high income. If you can build a successful company, you’ll be able to earn an impressive salary. Of course, starting a business is risky and it takes hard work to be successful.
Option #2 – Make $10,000 a month by working online
There are many different types of work that you can do online in order to make $10,000 a month. Some examples include writing articles or blog posts, designing websites, freelancing, selling products or services, and much more.
How much you can expect to make depends on a number of factors including the type of work you do, how much experience you have, and the amount of time and effort you put into it. However, if you are willing to put in the time and effort, it is possible to make $10,000 a month by working online.
For many people, however, the quickest way is by starting an online business. The good news is that most of these businesses are easy and sustainable because they don’t require a lot of startup capital.
Learn how to make money online for beginners.
Option #3 – Make $10,000 a month with Passive Income
Investing money in assets that generate passive income is another option for making a high income.
With this approach, you will use your capital to purchase assets such as rental properties or dividend stocks. These investments will provide you with regular income, which can help you reach your goal of making $10,000 per month.
Best Ways to Make 10k a Month
The internet is a great place to make money if you know how. The best part is that there are no huge upfront costs like starting a brick-and-mortar store or subscription business, so the sky is the limit on how much you can make.
That is why you will see many of the best ways to make 10k a month are online, and I’ve listed some of my favorites below. They all work in different ways, but they all have one thing in common: you can get started with no upfront costs.
Want to make money online but don’t know what to do? This guide will show you the quickest and easiest ways possible.
Invest in Stock Market with Mutal Funds or ETFs
There are a few things to consider before investing in stocks.
First, you need to have a clear understanding of what stocks are and how they work. It’s also important to understand the different types of stocks, such as blue chip stocks, growth stocks, value stocks, small cap stocks, and penny stocks. This will help you decide which mutual funds or ETFs, you want to invest in.
With this buy-and-hold approach, you are looking to make returns in the long run and are not worried about the up-and-down movement of your portfolio.
You need a 1.5 million portfolio to make $10k a month passively (source). This is the intrigue of how to FI and why many people pursue it.
Make Income in Trading Individual Stocks
There are a few things to consider before actively trading in stocks. You need to understand what stocks are and how they work. You also need to know the risks involved in investing in stocks as an active day trader or swing trader.
Stocks are shares of ownership in a company. When you buy a stock, you become a part-owner of the company. The value of your stock will go up or down depending on how well the company does. Once you have a basic understanding of the stock market, you can begin researching specific companies that interest you.
Stocks are bought and sold on the stock market. The price of a stock is determined by supply and demand. When more people want to buy a stock than sell it, the price goes up. When more people want to sell a stock than buy it, the price goes down.
It is possible to make money fast with stocks.
Create a blog
Blogging is a great way to make money because it gives you the opportunity to share your knowledge and expertise with a wide audience. If you have a knack for writing and are passionate about a particular topic, then starting a blog is definitely a good way to make money.
There are several ways to make money from blogging, such as selling advertising space, affiliate marketing, or selling products and services. However, the most important thing is to build up a large enough audience so that you can monetize your blog effectively.
Become a Virtual Assistant
A virtual assistant is an online personal assistant who can help with a variety of tasks, including administrative tasks, social media tasks, and even customer service.
A virtual assistant can help with a variety of tasks that business owners and entrepreneurs need assistance with. You are able to have a non phone work from home job and work during the hours you want. This is why so many people find becoming a VA so appealing.
Use Your Expertise as a Virtual bookkeeper
A virtual bookkeeper is an individual who provides bookkeeping services to clients from a remote location.
To become a virtual bookkeeper, you will need experience in bookkeeping and accounting, as well as strong organizational and communication skills. You will also need to be proficient in using accounting software, such as QuickBooks or FreshBooks.
Create a Course on Teachable and earn $10k a month online
Teachable is an online course platform that allows you to create and sell your own courses. You can use Teachable to earn extra income or even make a full-time living from your courses.
In fact, Teri Ijeoma is one of Teachable’s top course creators and easily surpasses this threshold.
Etsy shop in just a few minutes. This is a great way to use your graphic design skills and easily make money from $1-3 printables.
Write Articles with a Freelance Writing Business
Freelance writing is a great way to make a comfortable living from your writing. Whether you have a passion for writing or you simply enjoy writing for fun, freelance writing can be a great way to make a living from your work.
Copywriting is a type of freelance writing that requires more specialized skills and offers higher ROI for clients. This is because copywriters are responsible for creating compelling and persuasive content that can drive conversions.
Build a Coaching Business with Clients
An online coach is a professional who provides guidance and support to clients through online communication tools such as email, chat, video conferencing, and social media.
Engage in a social media management
A social media manager is a professional who helps businesses grow and interact with their customers through social media.
Social media managers typically create and post content, monitor and respond to comments and messages, run ads, and analyze data to track results.
Drop Shipping
Drop shipping is a business model where you don’t keep any inventory and instead outsource the production of products to a third party. When someone orders a product from your store, you simply contact the supplier and have them ship the product directly to your customer.
This is a great way to earn passive income, as you don’t need to do any of the work yourself. You can also hire freelancers to do all of the low-value tasks for you, such as customer service, order fulfillment, and marketing.
Amazon FBA
Amazon FBA is a service that allows you to sell products on Amazon.com and fulfill orders through the Amazon fulfillment center.
For example, Amazon FBA is an online store that Amazon handles a lot of the stuff that causes headaches for most e-commerce store owners, such as shipping and customer service. This means that store owners can focus on more important aspects of their business while still benefitting from Amazon’s massive user base.
Customers are more likely to buy from you if they see that your product is eligible for Prime shipping.
Affiliate Marketing
Affiliate marketing is when you promote other people’s products and services to make a commission. The easiest way to get started with affiliate marketing is through Amazon.
You can sign up as an Amazon Associate for free and then use the Amazon Associates link generator to create links for the products you want to promote. Amazon will pay you a commission on anything that is purchased through one of your links, even if it isn’t something that you promoted.
Make a Salary Off Flea Markets
There are many ways to make a salary off flea markets and search through other people’s junk. It is completely possible to make an income from selling items online.
You can start by finding a market that you are interested in and looking for items that are in high demand. Then, you need to know what to look for when you are shopping. When you are ready to start selling, you will need to find a place to sell and know your profit margins.
Invest Your Money to Make More
Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit.
The first step is to understand what you want to achieve with your investment.
Once you know your goals, you can start researching different investment options and choosing the one that best suits your needs. It’s important to remember that there are risks involved with any type of investment, so be sure to do your homework before making any decisions.
Learn all the best ways how to invest 10k.
How hard is it to make $10k a Month?
There is no one-size-fits-all answer to this question, as the amount of work required to make $10,000 a month varies depending on the individual’s circumstances and career path.
However, in general, making $10,000 a month requires a significant amount of hard work and dedication.
For example, someone who is self-employed may need to put in long hours to build up their business before they start seeing a return on their investment. Similarly, someone who is employed by someone else may need to put in extra effort to stand out from the crowd and get promoted.
How much money is required:
Again, there is no definitive answer as the amount of money required varies depending on the individual’s circumstances. However, in general, making $10k a month usually requires having a good income from employment or from other sources such as investments as you build your side hustle. It’s also worth noting that saving up enough money to live on while you’re working towards your goal can also be helpful.
Also, spending money on online courses to jumpstart your process is helpful!
How long does it take:
The time it takes to make $10k a month also varies depending on the individual’s circumstances. For example, someone who already has a well-paid job may only need to save up for a few months before reaching their goal, whereas someone who is starting their own business may need to work for several years before seeing a return on their investment.
How to make $10k a month FAQs
Many people are interested in earning a high income, but they don’t know how to get started. In this section, we go over many of the frequently asked questions.
There are many ways to make money without a job. You can start your own business, work as a freelancer, or find odd jobs.
How much you can make depends on how much time and effort you put into it. You could potentially make thousands of dollars a month if you’re willing to work hard.
If you have the right skills and connections, you can make a lot of money in a short period of time.
To earn 10k a month, you need to average making $333.33 per day (assuming a 30 day month).
If you plan to work a normal 9-to-5 schedule, you must earn $500 a day.
There are many jobs that pay $10,000 a month. Some of these jobs include:
CEOs or any C-level executive
Investment bankers
Lawyers
Doctors
Different jobs require different skill sets. For example, CEOs need to be good at managing people and finances, while lawyers need to be good at research and writing.
The cost of living varies widely depending on where you live – yes the debate of HCOL vs LCOL. But $10,000 a month is generally enough to cover basic expenses and leave some room for savings.
Of course, if you have a family or other financial obligations, your expenses will be higher and you may not be able to save as much.
How to make $10000 a month from home?
There are many ways to make money from home. You can start a blog and sell advertising, write eBooks and sell them online, or even start a YouTube channel and sell products through affiliate marketing.
The amount of money you can make from home will vary depending on the method you choose. For example, if you start a blog and sell advertising, you could make a few hundred dollars per month starting out. However, as you grow and expand into other niches like affiliate marketing, you could easily make over $10,000 per month.
Tips for success:
No matter which method you choose to make money from home, there are some tips that will help you succeed.
First, be sure to choose a niche that you are passionate about so that writing or creating content is not a chore.
Second, be consistent with how you plan on making money from home.
Finally, invest in online courses to jumpstart your learning.
What are some tips for making $10,000 a month?
In the past few years, there has been a shift in how people get rich.
People are now making money six-figure salaries by doing what they love and starting their own businesses or becoming influencers.
Here are the best tips to make sure you have success in how to make 10k a month.
Tip #1 – Set a Goal
Setting a goal is important because it gives you something to work towards. It can also help motivate you to take action and stay on track.
When setting a goal, it is important to be specific and realistic. You should also make sure that your goal is measurable so that you can track your progress.
Example goals:
Enroll in online course to expand your earning potential
Earn an extra $500 per month from side hustles
Have your side gig income to take over your 9-to-5 income
Be able to retire and enjoy time freedom
Tip #2 – Make a Plan
As James Clear, the author of Atomic Habits says, “Many people think they lack motivation when what they really lack is clarity.”
You have to start by making a plan. You can daydream all you want about making $10000 in a month.
Here are a few steps to get you started:
Brainstorm ideas for a side hustle
Research the market and start small
Figure out which online courses to take to jumpstart your learning
Study. Study. And study.
Stay consistent with your plan.
However, the best way to find out if a side hustle will work is to start small. You can always build up your business and make more money later on.
Tip #3 – Be Patient
You need to be patient if you want to make $10,000 a month. It takes time and effort to make this much money.
Don’t think you can walk away after a few hours and make $10k each month.
It takes time to be consistent in making $10k month after month.
However, if you put in the work, you can make $10,000 a month.
Tip #4 – Take Action
In order to make $10,000 a month, it is important to take action.
Each and every day, you should be working on something that will help you reach your financial goals.
Whether it is watching a Youtube video, listening to a podcast, or actually putting reach work in.
Taking action will help you reach your goals quickly.
How to make 10k a week
Making 10k a week is definitely possible, but it’ll take work and dedication to see results.
You’ll need to have the right money-making idea and put in the time and effort to make it successful. Additionally, having multiple streams of income can help you reach your goal faster.
Which Income Stream will you choose to Start with?
So there you have it! A few different ways that you can start earning an extra $10,000 a month.
Which one will you choose to start with?
There are many ways to make money quickly and easily, but not all of them are created equal. In this guide, we’ve outlined some of the quickest and most effective ways to make $10k a month.
Choose the option that best suits your skills and interests, and get started today!
Let us know in the comments below.
Know someone else that needs this, too? Then, please share!!
If you have an 810 credit score, congratulations. The score is considered excellent and could help you qualify for loans with more favorable terms or premium rewards credit cards.
Let’s take a closer look at what an 810 credit score means and some different strategies that could help boost your credit score.
What Is a Credit Score?
A credit score is a three-digit number that reflects a consumer’s creditworthiness, or ability to pay back loans in a timely manner. Scores range from 300 to 850. Generally speaking, the higher the credit score, the better you tend to appear to a potential lender.
The two most popular credit scoring models are FICO and VantageScore. To calculate your score, both use credit history information provided by the three major credit bureaus: Experian, TransUnion, and Equifax.
Check your score with SoFi Insights
Track your credit score for free. Sign up and get $10.*
Reasons to Care About Credit Scores
There are several reasons why a good credit score is essential to your financial health. Here are three to keep in mind.
It can increase your chances of being approved for a loan
The higher your credit score, the more likely lenders will approve loan or credit card applications. Whether it’s to purchase a house, buy a car or private student loans, having access to loans can help you achieve some big financial goals. Note that some banks may also run credit checks before issuing you an account.
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You may have access to better loan rates and terms
Lenders are more likely to offer consumers with better credit scores lower interest rates and more favorable terms because they’ve proven they pay back their loans on time. A higher credit score may also get you access to other types of products such as premium rewards credit cards.
You could save money
When you move into a new home, the utility company or your landlord may check your credit score to determine how much of a security deposit you’ll need to put down. Typically, the lower your score, the higher your deposit. Though the money is often refundable, it’s usually held in a third-party account that you won’t have access to. Potential employers may also run a credit check before you’re offered a job.
Recommended: Everything About Tri-Merge Credit Reports and How They Work
Is an 810 Credit Score Considered Good or Bad?
An 810 credit score is considered very good. In fact, just 21% of consumers in the U.S. have a credit score of 800 or higher. By comparison, the national average credit score is 714, according to Experian.
What Does an 810 Credit Score Mean?
Having an 810 credit score means you’ve proven through your credit behavior that you are likely to pay back loans on time. As mentioned above, a score of 800 or above places you in the top tier of consumers.
You are also considered to be in the “exceptional” range for your FICO score and “superprime” for your VantageScore. This means lenders are more likely to approve you for loans and offer you access to products such as loans with lower interest rates and premium credit cards. Landlords and utility companies may also ask for a lower security deposit amount (if at all).
How to Build Credit
Looking to build your credit? You have several avenues to explore. Below are a few to consider. Note that there’s no one-size-fits-all solution, so it’s a good idea to research all the options available to you.
Use a Credit Card
Even if you’re just starting out in your career or only have fair credit, you may still be able to be approved for a credit card. For instance, you can open a credit card that’s specifically for college students. Or you may want to consider a secured credit card, where you pay a refundable security deposit that acts as your credit line.
Whatever purchases and payments you make on the card are reported to the three major credit bureaus. This in turn helps to establish your credit history.
Become an Authorized User
An authorized user means that your name will be put on someone else’s credit card account. You can use the credit card much like the primary cardholder can, though this person is ultimately responsible for ensuring the minimum payments are paid on time.
If the primary cardholder has a good credit score, then their positive credit history may be added to yours.
Add Monthly Bills to Your Credit Report
Some free credit monitoring services will report your utility and rent payments to your credit report. Doing so can help build your credit history. Even if there is a small fee involved, it may be worth using for a few months, depending on your financial situation.
Recommended: How to Read and Understand Your Credit Report
Take Out a Credit Builder Loan
Credit builder loans are designed to help borrowers who are looking to build their credit. They’re similar to a personal loan, except you don’t initially receive the loan proceeds. Instead, the money will be held in a separate savings account until you pay off the loan. Meanwhile, your payment activity will be reported to the credit bureaus.
How Long Does It Take to Build Credit?
It can take several months for you to establish and build credit. This is because credit scoring models need enough information from your credit history in order to assess your creditworthiness.
As you work on building your credit, do your best to practice good financial habits, such as making on-time payments.
Credit Score Tips
Even if you have an excellent credit score, it’s a good idea to keep up good credit behavior. This includes:
• Consistently making on-time payments
• Keeping your credit utilization, or the percentage of the available limit you’re using on revolving credit accounts, as low as possible
• Avoiding applying for too many new loan or credit accounts at once
• Keeping your longest credit card or loan account open
• Regularly monitoring your credit score
• Checking your credit history and immediately disputing any errors you find
How to Check Your Credit Score
Wondering how to find out your credit score for free? You have several options. The first is your credit card statement. Many credit card issuers provide customers with a complimentary look at their score. To find it, you may need to log into your account or check your monthly credit card statement.
Another option is to use credit score monitoring tools; some are free, others require a payment. Before opening an account, compare each tool to see which one best serves your needs.
The Takeaway
It’s good news if you have an 810 credit score and a sign that you have a track record of paying back your loans. A good score may help improve your access to loans with better terms or premium or luxury credit cards. If you want to improve your score — or just maintain it — you can try practicing good financial habits, like consistently making on-time payments, keeping tabs on your credit score, and disputing any errors.
If you need help managing your spending and saving, consider using a money tracker app. The SoFi Insights app connects all of your accounts in one convenient dashboard. From there, you can see all of your balances, spending breakdowns, and credit score monitoring, plus you can get other valuable financial insights.
Stay up to date on your finances by seeing exactly how your money comes and goes.
FAQ
What is a decent credit score for a 23-year-old?
Chances are, at 23 you’re probably still building your credit. According to Experian data, the average credit score for people aged 18 to 25 is 679. If yours is higher, then it’s considered above average.
What is the highest credit score possible in 2023?
The highest credit score you can achieve is 850 for both FICO and VantageScore scoring models.
Is a credit score of 800 good at age 23?
Whether you’re 23 or not, an 800 credit score is considered excellent.
Photo credit: iStock/Makhbubakhon Ismatova
SoFi’s Insights tool offers users the ability to connect both in-house accounts and external accounts using Plaid, Inc’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score provided to you is a Vantage Score® based on TransUnion™ (the “Processing Agent”) data. *Terms and conditions apply. (Must click on the link to be eligible.) This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the Rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed into SoFi accounts such as cash in SoFi Checking and Savings or loan balances, Stock Bits, fractional shares and cryptocurrency subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners. Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website . Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. SORL0423008
Save more, spend smarter, and make your money go further
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Each year as you await your tax refund, you face the same question – what to do with that money once it arrives? For some, the money immediately goes to cover basic needs, but for others, the money goes to far less-essential items.
According to a 2020 survey by Self Financial, 44% of respondents said not getting a tax refund this year would completely derail their budget for the rest of the year.
So how do you use your tax refund to plan ahead, build your wealth, financial health, and ultimately, your credit?
Here are 5 ways to put your tax refund to work to build your credit.
But first…
Why use your tax refund for credit-building?
Maybe you’re itching to spend your tax refund to treat yourself. While there’s nothing wrong with using a bit of that money for fun, tax refunds are a great opportunity to get ahead with your finances too.
But why, of all things, focus on your credit?
First, bad credit could cost you thousands of dollars more over your lifetime, since you often get charged higher interest rates (if you can get approved at all). Your credit can also impact your ability to rent an apartment, qualify for certain jobs, or even get a cell phone.
Good credit, however, creates a financial safety net to fall back on if you need it. If you have good credit, you may have an easier time qualifying for personal loans, credit cards, or other credit products if you need to borrow money, often at a lower rate.
If you don’t have an emergency savings fund, credit may be your only other option to lean on if you face job loss, an unexpected medical emergency, etc.
You have to build credit before you need it though. Otherwise, you might not be able to access it when you actually do need it.
5 ways to build credit using your tax refund
Once you have your tax refund in hand, here are some ways you can put it to work to help your financial health.
1. Pay down debt
While paying down your mortgage or other personal loans may help your credit score, it may be a good idea to focus on higher-interest, more expensive consumer debt (like credit card debt) first.
Not only could paying down this higher-interest debt save you the most money in the long run, but it could also have a bigger impact on your credit score. That’s because credit usage, or how much of your available credit you use at any given time, counts for 30% of your FICO® credit score.
While installment loan usage (like personal loans, car loans, or home loans) does count somewhat towards this factor in your credit score, revolving account balances (like credit cards or HELOCs) count more, according to credit bureau expert Barry Paperno.
That doesn’t mean you have to pay your credit card debt off completely to see benefits to your credit score. Even paying your balance down 5-10% may have a positive impact.
According to credit scoring agency FICO, people with the highest credit scores tend to have credit utilization between 6-10% on their revolving credit accounts. While that’s a great goal to aim for, start with paying down what you can, no matter how small that amount may seem at first. Small wins can add up to big ones over time.
Aside from credit utilization, the only other factor that impacts your credit score more is your payment history. Which brings me to my next point…
2. Get your current accounts in good standing
If you have late payments or missed payments on your current credit accounts, make up those payments if you can. While many lenders report a late payment to the credit bureaus if it’s more than 15 days late, how late your payments are can impact your credit score in different ways. A payment that is 30 days late affects your score differently than one that is 90 days late.
For example, according to one FICO score simulation, if you have a 793 credit score and miss a payment by 30 days, your score could drop 60-80 points. In that same situation, if you missed a payment by 90 days, your score could drop 100 points or more.
So the sooner you catch up on a late payment, the better. Besides, making those payments could keep more late fees from adding up.
While catching up on payments may not undo the damage of a late or missed payment on your credit (it can take years for just one late payment to fall off your credit report), it could prevent any more damage from being done.
If the late payments were on property, or loans that were secured by property, like a home loan or car loan, catching up on payments could also prevent you from losing your home or car.
3. Open a Credit Builder Account
This next one is for people who either have no credit history, a limited credit history, or need to rebuild credit after financial hardship such as bankruptcy, foreclosure, or identity theft, to name a few examples.
Unlike a traditional personal loan, credit builder loans don’t give you the money upfront.
Instead, the lender holds the loan amount in a bank account. Each month, you pay into this account and the lender reports your payment history to the credit bureaus, which helps you build credit history.
Once you pay off the loan amount, the money inside the account comes back to you, minus the interest charged on the loan. In other words, these loans give you the opportunity to put some money away for savings while you build your credit.
If you have trouble gaining access to other credit products or want to build credit while you build some savings, a Credit Builder Account could be the right option for you.
4. Use it as a deposit on a secured card
For many, a secured credit card may be a good entry point for accessing credit cards. A secured card works just like a regular credit card, except you put down a security deposit that is usually equal to your credit limit.
For example, you may have a secured card with a $100 credit limit and a $100 security deposit. Like a deposit for utilities, a secured card deposit is used to cover your bill if you don’t pay back what you owe.
Some companies (like Self Financial) provide an option for you to build your way slowly towards a secured card through a Credit Builder Account, no extra deposit or hard inquiry needed. Bonus: Self doesn’t deny you if you have a history of bankruptcy or foreclosure, unlike some other credit card issuers.
There are many different secured credit cards to choose from, so shop around to decide which one is right for you.
5. Work with a credit counselor
Not sure where to start when it comes to your credit? Or what product might work best for you? You may want to use some of your tax refund to hire a qualified professional to help you come up with a credit action plan.
Here are a few reputable places to start searching for a credit or financial counselor:
National Foundation for Credit Counseling (NFCC). This nonprofit provides financial counseling services through their member organizations across the US. Visit their website to connect with free or low-cost help in your area.
Association for Financial Counseling and Planning Education (AFCPE). AFCPE has over 3,200 certified financial counselors, planners, educators, and researchers around the world. You can find local or virtual financial counseling through their online tool.
Operation Hope. Operation Hope is a national nonprofit that provides financial coaches to help people “develop customized action plans around building their own businesses, raising their credit scores, buying homes, or simply making better decisions with the money they have.” Their website also has tons of free resources about financial basics.
These organizations provide access to qualified financial counselors who can help you create plans that align with your financial goals, whether that means building your credit, paying down debt, budgeting, or working towards buying a house, to name a few examples.
Depending on your current income and situation, you may also qualify for no-cost or low-cost help, since many financial counselors offer a sliding scale based on financial need.
Be careful when browsing for professional help with your credit though, especially if you search for credit repair. While there are some good players in the space, you have to be really careful to pick the right one. The Federal Trade Commission provides some guidelines to help you find legitimate credit repair help, which you can view here.
Bonus: Build an emergency savings
Okay, so this one isn’t exactly credit-specific, but having an emergency savings fund could help reduce the amount you need to borrow if you ever did need to lean on credit during times of financial hardship.
Research from SaverLife shows that even just $100-$200 in savings could mean the difference between keeping your housing during hard times or having your utilities cut off.
According to the IRS, the average tax refund in 2020 was $2,741, which for people who make about $30,000 is roughly one month’s salary – a pretty healthy cushion if you lose your job and need time to find something new.
The good news is, there are tools that could help you build both your credit and some savings at the same time.
Bottom line
While credit may not usually be top-of-mind when you get a sudden rush of cash, it’s a key building block for your financial health, and can help open doors to your future.
So if you have a little extra money, whether it’s thanks to a tax refund, stimulus check, bonus, raise, inheritance, or even just finding $20 in an old pair of pants, put that money to work for your future self.
Save more, spend smarter, and make your money go further
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These lush gardens are accompanied by luxurious apartments. Find your favorite and fill out an application today.
It’s no secret, Tampa is a great place to be a renter. Filled with lakes and tropical vegetation, nearly every outdoor space throughout the city feels like something special. This lends itself to some otherworldly courtyards and gardens, among many other amenities you’ll find when you’re on the hunt for a new home in Tampa.
As you check out the high-end equipment in the gyms, those chic clubhouses situated beside glistening pools or even spa-style features like saunas, don’t forget about the rest of the outdoor area.
Finding excellent gardens in Tampa will make your next apartment that much better, and to get you started on your search, we’ve curated some of the best apartment courtyards and gardens in the city.
Source: Rent. / Bell Channelside
With lime green chairs blending into the surrounding greenery, the courtyard at Bell Channelside is a sweet spot to relax for a bit. Settle in under the pergola or get comfy on the couches, either way, you’re surrounded by lush grass and vibrant vegetation. Additional courtyards on the property include a space with an outdoor fireplace and patio furniture as well as a grilling area complete with two gas grills and a picnic area.
Living in the Channel District is like being in a small city in and of itself. Take time along the waterfront and grab a bite, go for a walk or just enjoy the view. There’s plenty to do in this fun area, from visiting the Florida Aquarium to watching the Tampa Bay Lightning take the ice. This area is a hot spot for locals and tourists alike and a great place to call home
Source: Rent. / Tempo at Encore
Serving double-duty, the courtyard at Tempo at Encore is also the community’s outdoor theater. Set into the wall beside the mailboxes, you’ll find a giant screen and big speakers, making it easy to lay out a blanket and catch a movie under the stars. During the day, two tables and chairs keep this space usable, and the close-clipped lawn is always a good spot to kick back and enjoy Tampa’s unrivaled weather.
A relatively small neighborhood, South Nebraska only takes up a few city blocks, but its central location puts this community in an excellent spot. Less than a mile from Downtown, you’re close to all the best Tampa has to offer, from restaurants to shops to entertainment and more. If an urban lifestyle is what you’re looking for, this little slice of the city is definitely for you.
Source: Rent. / Camden Westchase Park
A quaint community garden is a perfect space to claim a plot and watch something grow at Camden Westchase Park. Multiple rows of large, raised beds means there’s room for everyone to customize a plot with the herbs and veggies of your choosing. This kind of low-maintenance gardening is great for apartment dwellers: You get big results with minimal effort.
Outdoor spaces abound in this Tampa community. Residents can enjoy the dog park, outdoor terrace and playground. There’s also an outdoor retreat where you’ll find the grills and picnic area. The pool is also an impressive space with cabanas and plenty of umbrellas. Across the board, there’s no shortage of shade as well, meaning a comfortable escape from the Florida sun is never too far away.
Source: Rent. / Camden Preserve
It may not count as a courtyard or a garden, but this space in the center of Camden Preserve is something to behold. While the pond, and its fountain, take center stage, the surrounding tall trees, flowers and greenery make an impact too. This is one of the best views to have from your balcony, but also a great place for a walk after a long day on the clock.
You’ll find Camden Preserve in Sun Bay South, the heart of Tampa. Just a short distance from Downtown, living here also puts you close to popular spots like the Tampa Bay Riverwalk. This is a focal point within the city, with 2.6 miles of pedestrian trail and attractions to enjoy, along the Hillsborough River.
Source: Rent. / Camden Visconti
Gardens, even if they’re not full of flowers, are an ideal place to take a break. At Camden Visconti, you can indulge this sentiment thanks to the unique on-site hammock garden. Follow the path, around the big center tree, and settle into a restful spot among the plants. There’s also cornhole in this area for those who find a friendly game equally relaxing.
This garden is only one of the fabulous outdoor amenities within Camden Visconti. There are separate spaces for the beach volleyball court, tennis court and pool area. You also have a nice pond to look out onto from most of these areas, so you never feel like you’re trapped in the city.
Source: Rent. / Tuscany Pointe
The outdoor area surrounding Tuscany Pointe is more like an on-site park than it is anything else. The tall trees, clipped grass and tiny pond all come together to create a space that’s serene and beautiful.
If you want green spaces to extend beyond your home, you’ve come to the right place. Northwest Tampa is a neighborhood that’s covered in parks. Start along the leafy trails of Al Lopez Park. Move on to Cypress Point Park for a little greenery mixed with sandy beaches and the ocean. At Lowry Park, you’ll get wild animals over native trees.
Source: Rent. / Park Pointe Apartments
The courtyard at Park Pointe Apartments is quintessential Florida. This large lawn is the perfect divide between buildings, creating a green space that’s usable and comfortable. Make this area your go-to place for some frisbee or any other outdoor activities you enjoy with friends, family and neighbors.
Utilizing the outdoor space to the fullest, this Tampa community also has an outdoor fitness park, an excellent pool area and a state-of-the-art grilling space. There’s also a playground for when the kids need something more than having a catch on the grass to keep themselves occupied.
Source: Rent. / Mirela North
Giving you a small tropical garden on the way to the pool, Mirela North does an excellent job when it comes to landscaping. You’ll find flowers, trees and bushes intentionally placed to add pops of color and brightness. This welcoming space has a nice, large lawn and plenty of palm trees to enhance the tropical vibes.
Leaving Mirela North behind and getting deeper into the Temple Crest neighborhood, you’ll discover this chill area that sits right on the Hillsborough River. Its perfect location also keeps it close to Downtown, which means there’s no shortage of activities from fishing to hitting up the nightlife. This area boasts two parks and a nearby golf course to make it easy to stay outside and have fun under that shining Florida sun.
Source: Rent. / Innovo Living Hyde Park
Although it’s more of a thoroughfare than a garden, the landscaping makes it feel lush and rich. This small piece of Innovo Living Hyde Park is full of greenery and pops of color, showing off the diversity of plant life that thrives in Florida. An umbrella-covered picnic table makes it easy to sit and enjoy this little oasis, whether you’ve come to have an outdoor meal, or just want to sit and take in the view.
Situated close to the University of Tampa and downtown, the historic neighborhood of Hyde Park North is a great place to live. It’s close to the city’s business and cultural arts districts and is an easy drive to the beach. Highly walkable as well, living here puts you close to quaint shops and trendy restaurants.
Source: Rent. / WestShore Apartments
Within the bricked courtyard of Westshore Apartments, you’ll find a little island of greenery. A traditional fountain sits in the center, giving off the soothing sounds of trickling water. Hardscape and tropical greenery come together in the rest of this spot to round it out perfectly.
Encompassing everything you could want in a neighborhood, Westshore Palms puts you within a five-minute walk not only to plenty of restaurants but to excellent shopping at Westshore Plaza. The pristine beaches aren’t too far away either, giving you all the best of Tampa from right outside your door.
Grab an apartment with one of the best gardens in Tampa
Green space in Tampa isn’t hard to come by, but when you can find the best example of it right in your own backyard, you’ve won the apartment lottery. Make sure, as you hunt for the best Tampa apartment, you keep in mind what’s going on outside beyond the pool and the other fancy amenities.
Alabama may be known for Southern hospitality, Gulf Coast beaches and some serious football fans, but it also has a few hazards to look out for. Alabama homeowners should make sure they have insurance coverage for hurricanes, tornadoes and other natural disasters that could strike their homes.
NerdWallet analyzed rates from insurers across the state to determine the best homeowners insurance in Alabama.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Why you can trust NerdWallet
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.
We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.
Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.
The best homeowners insurance in Alabama
If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.
More about the best home insurance companies in Alabama
See more details about each company to help you decide which one is best for you.
Farmers
Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
Farmers
Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
Homeowners policies from Farmers may include two valuable types of insurance: extended dwelling and replacement cost coverage. Extended dwelling coverage gives you extra insurance for the structure of your house, while replacement cost coverage offers higher reimbursement for stolen or destroyed belongings.
Some Farmers policies also come with perks that can save you money. For example, with claim forgiveness, Farmers won’t raise your rate for a claim as long as you haven’t filed one within the past five years.
State Farm
Well-established insurer with a lengthy list of coverage options.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
State Farm
Well-established insurer with a lengthy list of coverage options.
Coverage options
More than average
Average set of discounts
NAIC complaints
Fewer than expected
As America’s largest insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.
State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.
Cincinnati Insurance
Sells homeowners policies through local independent agents across the U.S.
Coverage options
More than average
Average set of discounts
NAIC complaints
Far fewer than expected
Cincinnati Insurance
Sells homeowners policies through local independent agents across the U.S.
Coverage options
More than average
Average set of discounts
NAIC complaints
Far fewer than expected
Cincinnati Insurance sells homeowners policies through independent agents, with various options for standard and high-value homes. You may be able to add coverage for issues like identity theft, personal cyberattacks or certain types of water damage.
Cincinnati may offer you a discount for bundling home and auto insurance, having a newer home, installing a centrally monitored alarm system or going a certain amount of time without filing a claim.
Country Financial
Best for those who prefer to have a personal conversation with an agent when choosing coverage.
Coverage options
More than average
Great set of discounts
NAIC complaints
Far fewer than expected
Country Financial
Best for those who prefer to have a personal conversation with an agent when choosing coverage.
Coverage options
More than average
Great set of discounts
NAIC complaints
Far fewer than expected
Country Financial has three levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case inflation drives up the cost of rebuilding more than you expect.
Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators, according to the National Association of Insurance Commissioners.
Nationwide
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.
Coverage options
More than average
Great set of discounts
NAIC complaints
Close to expected
Nationwide
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.
Coverage options
More than average
Great set of discounts
NAIC complaints
Close to expected
Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.
The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes.
USAA
Offers perks and affordable rates for the military community.
Coverage options
Below average
Average set of discounts
NAIC complaints
Far fewer than expected
USAA
Offers perks and affordable rates for the military community.
Coverage options
Below average
Average set of discounts
NAIC complaints
Far fewer than expected
USAA sells homeowners insurance to veterans, active-duty military members and their families. If that description fits you, you may want to consider a USAA policy. The company’s homeowners insurance has certain features that other insurers may charge extra for.
For example, USAA automatically covers your personal belongings on a “replacement cost” basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy new replacements for your stuff.
How much does homeowners insurance cost in Alabama?
The average annual cost of home insurance in Alabama is $2,385. That’s 31% more than the national average of $1,820.
In most states, including Alabama, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Alabama, those with poor credit pay an average of $4,420 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 85% more than those with good credit.
Average cost of homeowners insurance in Alabama by city
How much you pay for home insurance in Alabama will depend on your ZIP code. For example, the average cost of homeowners insurance in Birmingham is $2,270 a year, while homeowners in Mobile pay an average of $2,690 per year.
Average annual rate
Average monthly rate
Albertville
Birmingham
Enterprise
Huntsville
Montgomery
Phenix City
Prattville
Tuscaloosa
The cheapest home insurance in Alabama
Here are the insurers we found with average annual rates below the Alabama average of $2,385.
What to know about Alabama homeowners insurance
Alabama faces more than its share of risks for homeowners. When shopping for homeowners insurance, you’ll want to consider hurricanes, flooding and tornadoes.
Hurricanes and tropical storms
With its Gulf Coast location, Alabama is susceptible to hurricanes and the property damage that comes with them. For example, in 2004, Hurricane Ivan passed through Alabama, causing 117 tornadoes over three days due to the high winds. These severe weather events can cause significant damage to your home.
Review your policy to see what coverage you have. Your policy likely covers wind damage, but you may have a separate wind, hail or hurricane deductible. (A deductible is the amount subtracted from your claim payout.)
For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for wind claims. So if your house has $200,000 worth of dwelling coverage, you’d be responsible for the first $2,000 of wind damage yourself.
Hurricanes can also cause flood damage, which most homeowners insurance doesn’t cover. If you live in a high-risk area, you’ll likely need a separate policy for flood insurance as well.
Flooding
Beyond the hurricanes and tropical storms mentioned above, Alabama homeowners may experience flooding due to any type of heavy rain. Because standard homeowners insurance policies don’t pay for flood damage, you’ll want to consider purchasing flood insurance if you live in a flood-prone area.
To find out whether you’re at risk, check the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Because flooding can happen anywhere if it rains hard enough, you may want to consider buying flood insurance even if you’re in a relatively low-risk location.
Note that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect.
Tornadoes
Parts of Alabama are likely to experience tornadoes, as the state sits in Dixie Alley, Tornado Alley’s Southeastern counterpart. The forceful winds from a twister can damage or even destroy a house.
Your homeowners insurance policy probably covers tornado damage. Still, as with the hurricane wind damage discussed above, it’s important to review your policy to determine how much coverage you have. Some policies have a separate deductible for wind damage, meaning potential extra costs for you in case of a claim.
Alabama insurance department
The Alabama Department of Insurance oversees the state’s insurance industry and provides consumer protections. On its site, you can search for licensed insurance companies and access information for homeowners. If you have a complaint about your insurance company, you can file it online with the department. You can also call the agency’s consumer services hotline with insurance questions at 800-433-3966.
Looking for more insurance in Alabama?
Frequently asked questions
Is homeowners insurance required in Alabama?
Homeowners insurance isn’t required by Alabama state law, but your mortgage lender will likely require you to have it.
How can I save money on home insurance in Alabama?
There are several ways to save money on homeowners insurance in Alabama:
Shop around for the best rate. An independent insurance agent can help.
Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but you’ll pay less in annual or monthly premiums.
Does Alabama home insurance cover flooding?
A standard home insurance policy in Alabama won’t cover flooding. That means you may want to buy separate flood insurance if your home is in a high-risk area.
Do you have a job that’s just like everyone else’s? Are you looking for a nine-to-five…but wish you weren’t? Do you wish there was another option, one that would lead to an exciting, unique, and fulfilling line of work?
I recently interviewed more than 100 people who currently hold their dream jobs as research for my new book. These individuals — who are travel journalists, event planners, fashion designers, forensic scientists, interior decorators, internet business owners and more — have one thing in common: persistence.
As unattainable as a dream job might sound, with the right amount of forethought and preparation, you can make the move as well. Here are six tips to get you started:
Learn about yourself. Take time to do a self-assessment of your values, how you like to work, and what you’d be compelled to do even if you never got paid. Research careers and industries that map to your skills and interests. Hit the Internet, set up informational interviews, take relevant coursework, and arrange to go onsite at a company in your chosen field.
Don’t be deterred by a lack of experience. In developing a resume and other promotional materials for the field you want to pursue, think about how your current skills and talents apply to the responsibilities you’ll hold in the new job. For example, knowledge of project management, client relations, information technology, and sales will take you far in most types of careers.
Ease into a new career one foot at a time. Perhaps this means earning a paycheck at your current job while doing a part-time internship in your new field or taking an adult education class or workshop on the weekend. The only way to find out if you’re passionate about something is to try it — ideally with as little risk as you can manage.
Remember that any progress is good progress. Even confident people stay in unsatisfying jobs because they feel safe, and because they’re afraid of making a bad decision. But in the quest to uncover a source of meaningful work, though, your worst enemy is inertia. Make an effort to do one thing, like e-mailing a networking contact or attending an event — that moves you a bit closer to your big picture goal.
Start early. Twenty and thirty-somethings have more flexibility when it comes to test-driving different careers. The process of self-discovery is much easier when you’re unencumbered by family responsibilities and substantial financial burdens, and when you haven’t yet reached a level in a career where it’s tougher to turn back. That said, it’s never too late to pursue your passion. More and more baby boomers are leaving the world of traditional employment for alternative career paths that will fulfill them well into retirement age.
Have realistic expectations. Even if you’re lucky enough to hold your dream job, there’s no such thing as the perfect work situation. Every job has its ups and downs, and aspects we love and aspects we don’t love. And dream job doesn’t mean “cushy” job. As your mom always told you, anything worth having in this world requires some effort. There will be some days you feel like shutting the alarm off and going back to sleep, but many more where you feel more energized by the prospect of work than you ever thought possible!
J.D.’s note: My wife taught high school chemistry and physics for many years. Though she loved teaching, she eventually left to pursue her dream job. Alexandra’s six tips closely match how Kris approached her career change.
This is a guest post from Doug Nordman the author of The Military Guide to Financial Independence and Retirement.
When Jeff posted 7 Financial Advisors I Would Like to Punch in the Face, I immediately thought of advisors who pretend to understand military pay & benefits.
These professionals may not lie, cheat, or steal– but they can still harm their clients. Instead of admitting ignorance or learning about the issues, these advisors try to shoehorn service members into a generic profile.
They recommend asset allocations and products that may be appropriate for civilians, but those suggestions could be redundant or even harmful to the finances of military veterans & retirees. They give all financial advisors a bad reputation.
Military clients are a challenge.
Advisors have to know at least a little bit about nearly every financial topic, but military clients are a very small percentage of the population. Not only that, but Jeff is one of literally only a handful of financial advisors with military experience.
Servicemembers could manage their own investments, but it’s not easy to find reliable information. When you’re in the military then you’re busy with duty, career, family, and other high-priority concerns– like not getting shot. Your financial future is probably not even in the top ten of your To-Do list.
The Department of Defense wants military and their families to be financially responsible (“Troops, stay out of debt!”), but financial independence isn’t a high priority for them either. You’re unlikely to spend the time & energy learning how to do your own investing, and your chain of command won’t enlighten you either.
Not only are military pay and benefits more complicated for financial advisors, but their military clients may be even more blissfully ignorant than civilians.
These days I manage my own finances, but there were several critical transitions during my career where I would have appreciated the help of a knowledgeable advisor. Even a couple hours of fee-for-service discussion will help you tap-dance through the minefield of choices.
What to look for in an advisor
This is just my personal preference, but I’d want my financial advisor to have hands-on experience with military finances. It’d be great if they were a military retiree or a veteran, but maybe they grew up in a military family or have a spouse/relative in the service. So how do you find these professionals?
I’d be careful about referrals. Your wingmen may know someone who’s using a “great” financial advisor, but do your own due diligence (see below). There’s a huge difference between a financial advisor who encourages you to stay blissfully ignorant, and one who takes the time to teach you how to make your own decisions. You have to be able to detect whether advisors have a clue about your military financial jargon.
If you wander through the neighborhoods around military bases looking for financial advisers, I’m sure you’ll find one or two “specializing” in their local demographic. I wonder whether they really understand military finances or if they’re just one of Jeff’s “notorious seven” preying on ignorant servicemembers. I don’t think legitimate advisers with hundreds of happy clients will set up shop between the used-car dealer and the payday loan office.
(Warning: shameless plug alert!) You could seek out military financial advisors like Jeff. You’re probably going to move around the world during your career, so it might make more sense to start with one who’s comfortable using Internet tech to stay in touch. Better yet, he’s tapped into a network of advisors with similar backgrounds.
I’m no financial expert, but I know how to interview financial experts. Here’s a few questions to start with:
What can the advisor tell you about their military clients?
What problems did they solve for active duty, Reserve/Guard, veterans, and retirees?
Can they share references from those who have achieved financial independence?
Can they show you where to learn more about your pay and benefits?
Don’t be overwhelmed by the following questions. (I’ve been retired for a decade and I’m still figuring out how to explain some of these issues.) You don’t need to know these answers, and you don’t even need to know most of the vocabulary. But you have to assess how your financial advisor answers these questions, and whether they really seem to know what they’re talking about. If they teach you then you’re probably going to be fine. If they dismiss these questions, or belittle your concerns, then you might need to keep searching.
Military pay and allowances:
Do they know the different types of military pay and tax-free allowances?
Do they understand you’re unlikely to be “laid off”and might not need a big emergency fund?
Can they explain the military’s Thrift Savings Plan and help choose your asset allocation?
Can they explain how to use both the Thrift Savings Plan and your IRA?
Do they understand how to invest tax-free pay from combat duty?
Do they know how to use the Savings Deposit Program when you’re in a combat zone?
Do they understand military life insurance and disability benefits?
Can they discuss the risks of buying a home while you’re on active duty, and how to get a VA loan?
Leaving the service for a bridge career:
Can they help you figure out how much money you’ll need to save for the job search?
Can they review your separation benefits and tell you what to expect?
Can they suggest how to use your military healthcare and insurance during the transition?
Do they understand disability ratings and benefits?
Can they help you assess the financial issues of a Reserve/Guard career?
Can they optimize your GI Bill education benefits for you and your family?
Eligible for a military retirement:
Do they understand that a military pension has an inflation-fighting cost of living allowance?
Do they know how your retirement pay is taxed?
Do they know that your civilian 401(k) or IRA might be able to be rolled into the TSP?
Do they understand how to build your retirement asset allocation around your military pension? You might not need more “guaranteed income” or a big bond portfolio.
Can they advise you (and your spouse) how to use the Survivor Benefits Plan?
Can they advise you about Tricare and other health insurance?
Can they discuss military and civilian life insurance?
Can they advise you about the federal long-term care insurance program?
I’ve heard too many sad stories about servicemembers who don’t take advantage of all their military savings programs and benefits. Some might be getting out in a year but they don’t know how to prepare their finances. Others are told they’re going to retire in nine months and get led astray by unscrupulous advisors. A few are paralyzed by indecision and don’t even know who to turn to for help.
What are your next steps?
First, educate yourself. If you’re paying an advisor then learn enough to keep up.
Second, stay in touch. Advisors can only support you when they get regular updates.
And finally, keep pushing yourself for financial independence. Advisors can help you lay out the path, but you have to make the journey!
Doug Nordman is the author of The Military Guide to Financial Independence and Retirement. He and his spouse retired from active duty and the Reserves after more than 20 years of service, and their daughter is starting her own military career. You can read more at The-Military-Guide.com.
Obsessive-compulsive disorder, or OCD – it’s a term that most of us are familiar with, often because it is used in a humorous way (I.e. – That’s my OCD kicking in, or, I’m OCD about that).
But OCD isn’t a joke, and certainly not when you are applying for life insurance.
OCD is a recognized medical condition, and has implications for a person’s future, as well as the risk that a life insurance company will associate with writing a policy.
The risk is generally perceived to be higher for someone with OCD than it is for someone without it, and can sometimes rise to the level of a declined life insurance application.
Sometimes, but certainly not always.
What Is Obsessive Compulsive Disorder?
According to the U.S. National Library of Medicine, OCD is:
“…an anxiety disorder in which people have unwanted and repeated thoughts, feelings, ideas, sensations (obsessions), or behaviors that make them feel driven to do something (compulsions). Often the person carries out the behaviors to get rid of the obsessive thoughts. But this only provides temporary relief. Not doing the obsessive rituals can cause great anxiety and distress.”
Symptoms can include a combination of the following:
Obsessions or compulsions that are not due to medical illness or drug use
Obsessions or compulsions that cause major distress or interfere with everyday life
There are many types of obsessions and compulsions. These can be physically doing things (behaviors) or doing them in the head (mental acts). Examples include:
Checking and rechecking actions (such as turning out the lights and locking the door)
Excessive counting
Excessive fear of germs
Repeatedly washing the hands to ward off infection
Repeating words silently
Praying silently over and over
The exact cause of OCD is not well understood, but is believed that head injury, infections, or abnormal function in certain areas of the brain could be factors, as well as genetics. Typically, the symptoms will show up in the patient by age 30. In addition, the patient is usually aware that he or she has these symptoms, but is unable to control them.
Treatment includes a mix of medication (usually antidepressants, mood stabilizers, and antipsychotic drugs) and behavioral therapy, as well as talk therapy. This involves repeatedly exposing the patient to situations that trigger obsessive thoughts and behaviors, and effort to gradually increase the patient’s ability to tolerate the distress and to avoid compulsive behavior.
Though complete elimination of the syndrome is rare, treatment has been shown to be effective over the long term. Fortunately, there is little evidence to indicate that OCD leads to other mental health issues.
How Does OCD Affect an Application For Life Insurance?
Just as is the case with virtually any other type of pre-existing condition, your ability to get life insurance with OCD will depend upon a number of factors including:
How much time has passed since the initial diagnosis
The extent of your condition – mild, moderate, or severe
Medications (if any) that you are taking, and how compliant you are in doing so
How regularly you are getting medical help
Whether or not you have seen a psychiatrist
Whether or not you have ever had electroshock therapy
Thoughts of suicide, or any attempts at suicide
If you have ever required hospitalization as a result of OCD
The life insurance company will follow all the normal procedures in processing your application. This will include conducting a physical, which is generally conducted in your home or place of work, and will monitor the basics, such as height, weight and blood pressure, as well as taking blood and urine samples. None of this is likely to reveal that you have OCD, but the insurance company will also request physicians statements, that will reveal your previous medical history.
As is the case with any type of medical history, it’s always best that you disclose OCD on your application. There are simply too many ways that the insurance company can verify the true state of your medical condition. As an example, the company can do a prescription database search to see what type of medications you have been prescribed in the past. If that reveals medication taken for OCD, your application is likely be rejected because of your lack of disclosure of your condition.
In many cases, you may receive a standard risk assessment despite having OCD. This won’t get you the best rates on life insurance, but they will allow you to purchase life insurance at a reasonable premium.
In a worst-case scenario, you could be given a guaranteed issue policy. That’s the kind of policy that will be based on your age, and approval will be guaranteed. There is no medical exam or health questions required for this kind of policy either. There are however a couple of limitations. Because medical condition is not a factor, the premium rate per thousand dollars of coverage will be higher than it is for ordinary life insurance. You will also be limited in the amount of the death benefit, generally to not more than $30,000. Guaranteed issue policies also typically contain a waiting period on payment of the death benefit. Benefits will not be paid out at any time during the first two years that the policy is in force.
It’s not a perfect life insurance solution, but it’s certainly better than no life insurance coverage at all.
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The Affect of OCD on Your Life Insurance Premiums
Though it is unlikely that you will get preferred rates if you have OCD, as noted above, you may qualify for standard rates if your condition is mild or moderate.
That may be the case if you’re only taking a single medication and have no history of hospitalization or suicide attempts related to OCD.
Exactly what your premium rates will be will depend on a number of factors, as well as the company that you are making application with. If you have OCD, it’s much better if you do not attempt to try and get a life insurance policy on your own.
What It Takes to Get an Affordable Policy With OCD
If you have OCD, there are two factors that are important in regard to your life insurance application: approval and premium rate. For this reason, you will need to have the assistance of a life insurance professional, particularly one who has plenty of experience in obtaining life insurance for people who have pre-existing conditions.
In the insurance world, not all companies view all health conditions in the same light. In the case of OCD, some may consider it to be an automatic decline. Others will approve the policy with a significant rate adjustment, while still others will accept policies with only minor increases in basic premium rates. The key is to know which are the best life insurance companies for people with OCD, and have the most affordable premiums. A competent life insurance professional will know exactly this. That will not only save you premium dollars, but will also save you the time that you will waste applying to companies who will never approve your policy, or will do so at ridiculously high rates.
If you have OCD, you also need to do your part to make sure that you’re the best candidate possible for life insurance. This will include some or all of the following:
Do your best to lead a stable life – that includes your personal life, your family life, and your professional life
Make sure that you are healthy in every other way, and that especially includes your overall physical health; you need to avoid representing multiple risks to an insurance company
Be sure to stay current with any therapy related to your OCD, that includes regular doctor visits, taking required medication, or any other prescribed therapies
Be sure to disclose your OCD and any other medical conditions that you have to your agent – he can only help you if he knows what those conditions are
Do your best to take care of what you can, and let your agent worry about which companies to apply to. Your proactive behavior, in combination with your agent’s ability to navigate the life insurance maze, should get you the coverage that you need at a rate that you can afford.