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LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a dearth of homes for sale.

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.57% from 6.39% last week. The average rate a year ago was 5.10%.

High rates can add hundreds of dollars a month in costs for homebuyers, limiting how much buyers can afford in a market that remains unaffordable to many Americans after years of soaring home prices and limited housing inventory.

The median monthly payment listed on applications for home purchase loans in April rose to $2,112, up nearly 12% from a year ago and a 0.9% increase from March, the Mortgage Bankers Association said Thursday.

The average rate on a 30-year home loan has risen two weeks in a row, echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing loans.

The 10-year Treasury yield has been mostly rising of late, climbing to 3.79% in afternoon trading Thursday. Two weeks ago, it was at 3.39%.

The move up in bond yields comes as investors react to stronger-than-expected economic data and the implications that could have on whether the Federal Reserve will raise interest rates again next month.

Bond traders are also factoring in the possibility that the U.S. government may default on its debt as the White House and GOP leadership wrangle over a deal to raise the federal government’s debt ceiling so it can avoid an unprecedented default as soon as June 1.

“The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” said Sam Khater, Freddie Mac’s chief economist.

Jitters over the possibility that the government ends up defaulting on its debt could cause creditors to ask for higher interest rates on U.S. Treasury bonds, which could lead to a “significant increase” in borrowing costs, including mortgages, said Jiayi Xu, an economist at Realtor.com.

“Resolving the debt impasse sooner, rather than later, would mitigate potential adverse effects on the housing market, which is already contending with high prices and elevated mortgage rates,” Xu said.

Investors’ expectations for future inflation, global demand for U.S. Treasurys and what the Fed does with interest rates influence rates on home loans.

The Fed has raised its benchmark interest rate 10 times in 14 months. At its last meeting of policymakers, the central bank signaled that it could finally pause its yearlong campaign of rate hikes, though a pause would likely only nudge mortgage rates slightly lower.

Low mortgage rates helped fuel the housing market for much of the past decade, easing the way for borrowers to finance ever-higher home prices. That trend began to reverse a little over a year ago, when the Fed started to hike its key short-term rate in a bid to slow the economy and cool the highest inflation in four decades.

The spring homebuying season got off to a lackluster start this year as prospective buyers grappled with higher borrowing costs and a near record-low inventory of homes on the market.

Sales of previously occupied U.S. homes fell 23.2% in the 12 months ended in April, marking nine straight months of annual sales declines of 20% or more, according to the National Association of Realtors. The national median home price fell to $388,800 last month — down 1.7% from a year earlier and the biggest year-over-year drop since January 2012.

The modest pullback in home prices reflects heated competition among buyers, especially those vying for the most affordable homes. At least one-third of the homes sold last month went for more than their list price, according to the NAR.

The average rate on 15-year fixed-rate mortgages, popular with those refinancing their homes, rose to 5.97% this week from 5.75% last week. A year ago, it averaged 4.31%, Freddie Mac said.

Source: abcnews.go.com

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Lately, there’s been a lot of talk about buying now and refinancing later, once mortgage rates drop.

Of course, that’s if mortgage rates do indeed fall at some point in the near-future.

There’s no guarantee they will, but if inflation does settle down, we could see a return to more reasonable interest rates before long.

And that would support the marry the house, date the rate supporters, who believe it’s better to buy now while rates are high.

After all, if rates drop again, competition to buy a home could heat up fast.

Enter the Navy Federal No-Refi Rate Drop

While there’s logic to buying now and refinancing later, it still involves a pesky mortgage refinance.

And even if rates are lower, there are downsides to refinancing. For one, it’s time-consuming and paperwork-intensive.

There are also closing costs involved, stress, and of course you need to qualify for the thing. That’s never a guarantee if your situation changes. Or if home prices fall, etc.

To alleviate some of this concern, select lenders have been offering to waive fees on subsequent refinances if you use them for a home purchase loan.

But this still requires the borrower to go through the entire home loan process a second time. Not fun.

That’s where Navy Federal Credit Union’s  “No-Refi Rate Drop” comes in. They’ve taken both the big cost and hassle out of it.

As the name implies, you can refinance your high-interest rate mortgage into a lower-rate mortgage without refinancing.

That way you can take advantage of lower mortgage rates without all the hoops and hurdles, and the closing costs.

And it seems super easy, with apparently only one document to sign.

How It Works

If you buy a home and use Navy Federal to get your mortgage, keep an eye out for lower mortgage rates.

After six consecutive monthly payments, you can take advantage of their No-Refi Rate Drop if they fall by at least 0.25% versus your existing rate.

For example, if your current interest rate is 7%, and rates fall to 6.75%, you could take advantage.

Aside from needing to make six payments, you also must be current on your loan with no more than one 30-day late payment within six months of the rate drop request.

Additionally, your loan must be a Homebuyers Choice, Military Choice, or 15- or 30-year jumbo fixed-rate loan.

Note that cash-out refinances are not eligible for the no-refi rate-drop option, nor are adjustable-rate mortgages.

Assuming you fit that criteria, and rates drops enough, all you have to do is call them to start the process. If eligible, they’ll send you a single document to sign within five business days.

Simply return that signed form and a $250 payment and your new lower rate will take effect within 30-60 days.

They say you’re guaranteed to get the mortgage rate that is offered on the day you call in, similar to a traditional mortgage rate lock.

So it doesn’t matter if rates increase while they process your application.

What’s more, you’re able to lower your rate multiple times during the loan term as long as you are eligible and pay the $250 fee each time.

Another perk is your loan term will stay the same. So if you make the request two years into a 30-year loan term, you’ll still have 28 years remaining.

It won’t increase the loan term like a standard refinance could.

Is the No-Refi Rate Drop a Good Deal?

As always with promotions like these, you have to use the company now for the promise of future, potential savings.

In other words, you won’t get to take advantage of No-Refi Rate Drop if you don’t use Navy Federal initially.

That means you need to compare loan rates and fees with Navy Federal versus other options.

If you plan to use them regardless, it’s an added perk that may or may not come to fruition.

If you’re deciding between them and other lenders, you need to consider if this potential benefit tips in their favor.

Of course, mortgage rates may not fall in the future, there’s no guarantee that they will.

But if they do, the mere $250 fee to lower your rate 0.25% or more sounds like a pretty good value.

Not just from a monetary standpoint, but the time savings as well.

Read more: Can you lower your mortgage rate without refinancing?

Source: thetruthaboutmortgage.com

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Nestled amidst the picturesque Sierra Nevada Mountains, Reno, Nevada, is a city brimming with natural beauty, vibrant culture, and captivating attractions. From stunning landscapes to cultural landmarks, Reno offers a plethora of sights to explore. So whether you’re a recent transplant renting an apartment in Reno or you’re looking on Redfin for homes for sale in the area, there are many beautiful places to see. Here are the eight of the most exquisite places to visit in Reno. 

Ryan Cleek Studios©

“When it comes to world-class outdoor recreation, Reno is a tough city to beat,” states photographer Ryan Cleek of Ryan Cleek Studios. “It has an international airport, plus incredible terrain for mountain biking, hiking, camping, hunting, fishing, snow sports, and off-roading all nearby, and beautiful Lake Tahoe is around one hour, or less, away.” 

1. Lake Tahoe: Pristine blue waters, just a short drive away 

Just a short drive from Reno lies the magnificent Lake Tahoe, a sparkling jewel renowned for its crystalline waters and breathtaking mountain backdrop, and one of the top places to visit in Reno. Surrounded by lush forests and snow-capped peaks, Lake Tahoe is perfect for outdoor enthusiasts. You can indulge in a variety of activities such as kayaking, paddleboarding, hiking, and skiing, depending on the season. The azure waters against the vibrant greens and blues of the surrounding landscape create an awe-inspiring view that is truly unforgettable.

2. Callahan Park: A tranquil oasis in Reno

Callahan Park in Reno, Nevada, is a tranquil oasis that offers a peaceful retreat from city life. Spanning 62 acres, this picturesque park boasts lush green spaces and scenic trails. Visitors can enjoy leisurely walks or invigorating jogs while taking in the park’s natural beauty. Sports enthusiasts can make use of the soccer fields, baseball diamonds, and tennis courts for friendly matches or organized games. With its picnic areas and shelters, Callahan Park provides an ideal setting for outdoor gatherings and relaxation.

i Deux Photography©

“Nestled at the base of Galena Forest and home to countless beautiful features, Callahan Park has wonders for everyone to enjoy, including Galena Creek, two playgrounds, and the Galena Creek Trailhead for hikers of all ages to explore,” says photographer Jerrine Plunket of i Deux Photography

Captured Moments By Regina©

According to photographer Regina Diaz of Captured Moments By Regina,  “Reno’s trails and walking paths are one of the many wonderful things Reno has to offer. At Caughlin Ranch Trails, you can find so much beauty from the ponds, ducks, wild flowers and the sound of water streaming in the background.”

3. Fort Churchill: A historic landmark in Nevada

Fort Churchill in Nevada stands as a historic landmark with a rich past. Established in 1861, it played a crucial role in protecting settlers along the Pony Express route. The remains of the adobe fortifications and restored buildings offer a glimpse into frontier life. The park surrounding the fort features diverse ecosystems and scenic trails. With the picturesque Carson River flowing nearby, visitors can enjoy fishing and paddling activities. 

Sara Weir Photography©

“Reno has many stunning desertscapes that are worth exploring, and among my personal favorites are the captivating outlying historical sites,” says photographer Sara Weir of Sara Weir Photography. “One site that holds a special place in my heart is Fort Churchill. It’s a small walking path winding through what remains of the fort. I recommend visiting it during sunset. The views are spectacular.”

4. Galena Creek Park: A natural wonderland in Reno

Galena Creek Park in Reno, Nevada, is a nature lover’s paradise. Spanning over 1,900 acres, this pristine park offers stunning views of the Sierra Nevada Mountains and a tranquil creek. Hikers and bikers can explore the park’s extensive trail network, immersing themselves in its unspoiled wilderness. The park’s panoramic vistas and rich biodiversity make it a haven for nature enthusiasts. With its breathtaking beauty and serene atmosphere, Galena Creek Park is a must-visit destination for those seeking a peaceful retreat in the heart of nature. 

Kendall Price Photography©

“One of my favorite places in Reno is Galena Creek Park,” says photographer Kendall Price. “It offers fishing at Marilyn’s Pond, but it is a great hiking spot as well. I go there often to take pictures of families in a beautiful mountain setting that is only 25 minutes from downtown Reno.” 

5. Reno Riverwalk: A vibrant urban escape

Situated along the banks of the Truckee River, Wingfield Park is a verdant oasis in the heart of Reno. This idyllic spot is a haven for relaxation, offering lush green spaces, peaceful river views, and charming bridges. Visitors can enjoy a picnic, take a leisurely walk along the riverfront, or even catch a live performance at the outdoor amphitheater. With its tranquil ambiance and scenic beauty, Wingfield Park provides an ideal escape from the city’s hustle and bustle.

Breanna Elise photography©

According to photographer Breanna Elise of Breanna Elise photography, “The Reno Riverwalk is a beautiful walking trail filled with river scenery, flower gardens, and local art. Located in the heart of downtown Reno alongside the Truckee River, the Riverwalk is dotted with a variety of local restaurants, bars, and boutiques that bring enjoyment to natives and visitors alike.”   

6. Rancho San Rafael Park

Rancho San Rafael Park is a picturesque urban oasis. Sprawling across 600 acres, this expansive park boasts scenic walking trails, lush green spaces, and a serene pond that attracts various wildlife. Nature lovers can marvel at the park’s diverse flora and fauna, while outdoor enthusiasts can engage in a wide range of activities, including picnicking, hiking, and biking. Rancho San Rafael Park also features the stunning Wilbur D. May Arboretum and Botanical Garden, where visitors can immerse themselves in the beauty of meticulously curated plant collections. 

Blanca and Brandon Photography©

According to Blanca and Brandon, “Although the Reno area is surrounded with a ton of varying landscapes including mountains, lakes and deserts, one of our favorite places for a summer evening stroll with our 1-year-old and doggo is Rancho San Rafael Park. So much greenery and a beautiful property to walk around and just a few minutes drive from the river. Truly one of Reno’s gems.”

7. Animal Ark: Experience wildlife up close 

Animal Ark is a unique wildlife sanctuary located just outside Reno, providing a home to a variety of exotic and endangered animals. Take a guided tour through the sprawling grounds to observe magnificent creatures such as cheetahs, wolves, and bears in a natural and safe environment. Animal Ark’s mission of conservation and education makes it a truly inspiring place to visit, allowing visitors to deepen their understanding and appreciation for the animal kingdom.

8. Historic Virginia City: A step back in time 

Venture back in time to the 19th century by visiting the historic town of Virginia City, a captivating remnant of Nevada’s mining boom. Stroll along the wooden boardwalks and explore the well-preserved buildings, including the Old Washoe Club and Piper’s Opera House. Delve into the town’s rich history through guided tours and immersive experiences, such as the mine tours that take you deep underground. Virginia City’s authentic Wild West charm and panoramic views of the surrounding desert make it a must-visit destination.

A final note on beautiful places in Reno

Reno, Nevada, is a captivating destination that never fails to enchant both locals and visitors alike. Its remarkable array of stunning attractions caters to every interest and leaves a lasting impression on all who explore its wonders. So, get out there are enjoy these beautiful places to visit in Reno. 

Source: redfin.com

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Nestled in the heart of the Pacific Northwest, Spokane, WA, boasts a rich cultural scene, with a variety of museums that cater to diverse interests. From art enthusiasts to history buffs and science lovers, this vibrant city offers an array of museums that captivate and educate visitors. From stepping into a world of creativity and inspiration at the Northwest Museum of Arts & Culture, where art, history, and regional culture converge to uncovering where science comes alive with interactive exhibits and engaging activities at the Mobius Discovery Center, many remarkable museums are sure to fascinate and educate. 

Whether you’re looking to rent an apartment in Spokane on Redfin, purchase a home in the area, or just want to know what it’s like living in Spokane, join us as we embark on a journey through five remarkable museums in Spokane, each offering a unique and enriching experience that will leave you with a deeper appreciation for the art, history, and wonders of this vibrant city.

Downtown Spokane

1. Jundt Art Center & Museum

The Jundt Art Museum, located on the campus of Gonzaga University, showcases an impressive collection of art from various periods and styles. Established in 1995, the museum houses over 5,000 artworks, including paintings, sculptures, ceramics, photographs, and prints. The collection spans a wide range of artistic genres, from European and American masterpieces to contemporary works by renowned regional and international artists. The Jundt Art Museum also hosts temporary exhibitions that explore diverse themes and artistic movements.

2. Northwest Museum of Arts & Culture

The Northwest Museum of Arts & Culture (MAC) is a prominent cultural institution dedicated to preserving and showcasing the art, history, and culture of the Inland Northwest region. Founded in 1916, the museum houses a diverse collection of artifacts, artworks, and archival materials that span various disciplines, including fine art, Native American artifacts, regional history, and natural history. Visitors to the MAC can explore exhibitions that delve into topics such as regional heritage, indigenous cultures, contemporary art, and historical events. This is a must-visit museum in Spokane for locals and tourists alike.

A bing crosby record on a stand

3. Bing Crosby House

The Bing Crosby House is a historical residence located on the campus of Gonzaga University that was the childhood home of the legendary American singer and actor, Bing Crosby. Built in 1913, it’s a modest two-story Craftsman-style home that reflects the architectural style of the time. It provides a glimpse into Crosby’s early years and how he was raised. 

4. Mobius Discovery Center

The Mobius Discovery Center is an interactive science center that offers a hands-on learning experience with a focus on science, technology, engineering, art, and mathematics (STEAM). The center features a variety of exhibits and activities designed to engage and inspire curiosity in science and exploration. Visitors can participate in interactive displays, experiments, and educational programs that cover a wide range of scientific topics. Some exhibits include bottle rockets, electricity, and bridges and various structures. 

Source: redfin.com

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Editor’s Note: Since the writing of this article, President Biden signed the debt ceiling bill on June 4, canceling the federal student loan payment pause as of Aug 30, or “60 days after June 30.” Later this month, the Supreme Court will decide whether the Biden-Harris Administration’s Student Debt Relief Program can proceed. Loan payments are expected to resume in October.

Student loans are a significant issue in the United States, where consumers have more than $1.7 trillion in total student loan debt. In 2021, the average federal student loan debt per borrower was just over $37,000. And 20 years after students enter college, half of borrowers still owe $20,000 in student loans.

Broken down by degree levels, the debt increases. Graduate students who receive a degree leave school with an average of nearly $70,000 in debt. Law students are saddled with an average of $180,000; and medical students owe $250,000 on average for total student loan debt.

With so many borrowers and so much debt, it begs the question, “Should all student loan debt be forgiven?”

Who’s in Favor?

By a 2-to-1 margin, voters do support at least some student loans being forgiven, according to a poll from Politico and Morning Consult. And 53% of voters from the same poll support Biden’s extension of student loan payments through August.

Proponents of canceling student loan debt point out that the government is partially responsible for this debt crisis. Because many states slashed higher education funding after the 2008 recession, tuition at both public and private colleges has gone up steeply, and many students have been forced to take out even more in loans.

Unfortunately, the increase in student loan balances hasn’t gone hand in hand with a bump in post-college salary. The result is a national situation where borrowers owe increasingly more in student loans but don’t have the paycheck to aggressively tackle their balances.

Although the government has created income-driven repayment options that seek to keep monthly student loan payments affordable, signing up isn’t without its downsides.

Since these income-driven plans often lengthen loan terms, borrowers may pay significantly more interest on their loans over time. Also, any forgiven balance at the end of their loan term is typically treated as taxable income.

Why Forgiving Student Loan Debt a Isn’t a Slam-Dunk

There are several reasons why forgiving student loan debt may not be a straightforward positive. The first is that, according to U.S. tax laws, debt that’s forgiven is a taxable event. Under income-driven student loan repayment plans, for instance, if you make consistent, on-time payments for the life of the loan (20 or 25 years, depending on when you borrowed), any balance remaining at the end of your loan term is forgiven — but whatever’s forgiven is considered taxable income.

The second issue pundits raise with this plan is that it’s being sold as a stimulus: If the government forgives people’s student loan debt, they’ll put money back into the economy, the thinking goes. But forgiving debt isn’t the same as handing people a check.

And finally, the federal government so far isn’t planning to forgive student loans that borrowers hold with private lenders, which average over $54,000 per borrower.

Alternative Options to Canceling Student Loan Debt

Instead of targeting only student loan borrowers who qualify for relief, the government could provide a stimulus check to all Americans, and Americans could decide for themselves how to use it.

If someone has $10,000 in outstanding student loans, for example, they might prefer to use a check to put a down payment on a house or pay off high-interest credit card debt.

Then there’s the higher education system itself. Canceling or forgiving student loan debt may provide only temporary relief as long as tuition levels continue to rise. As it stands, future generations will be saddled with just as much, if not more, student debt than Americans currently have today.

Tackling Your Student Loan Debt

There’s no telling when or if some form of more long-term relief might appear for student loan borrowers. If you’re struggling under the weight of your student debt, there are strategies that might help:

•   Alternative payment plans: Federal student loans come with a variety of repayment options, one of which might suit your situation.

•   Direction of overpayments: If you make extra payments on your student loans, you may instruct your servicer to apply them to your principal, rather than the next month’s payment plus interest. This will help pay off your loans faster.

•   “Found” money: If you receive a work bonus or tax refund, applying it to your student loans can help reduce your balance faster.

•   Refinancing: Refinancing student loans (private and/or federal) into one new loan with a private lender could lower your monthly payment and interest rate, and make it easier to manage payments. Just know that refinancing federal student loans with a private lender means losing access to federal repayment and forgiveness programs.

Recommended: Can Refinanced Student Loans Still Be Forgiven?

The Takeaway

There is no quick fix for student loan debt, which will take further discussion from stakeholders on all sides.

If you are struggling with your own student loan debt, there are options to consider. You can apply for an income-driven repayment plan, apply for student loan deferment or forbearance on your federal student loans, or refinance your loans with a private lender. Keep in mind, though, that refinancing disqualifies you from federal benefits you may otherwise be eligible for.

If you do decide to refinance, consider SoFi. SoFi has a quick online application process, competitive rates, and no origination fees or prepayment penalties.

See if you prequalify with SoFi in just two minutes.

SoFi Student Loan Refinance
If you are looking to refinance federal student loans, please be aware that the White House has announced up to $20,000 of student loan forgiveness for Pell Grant recipients and $10,000 for qualifying borrowers whose student loans are federally held. Additionally, the federal student loan payment pause and interest holiday has been extended beyond December 31, 2022. Please carefully consider these changes before refinancing federally held loans with SoFi, since the amount or portion of your federal student debt that you refinance will no longer qualify for the federal loan payment suspension, interest waiver, or any other current or future benefits applicable to federal loans. If you qualify for federal student loan forgiveness and still wish to refinance, leave unrefinanced the amount you expect to be forgiven to receive your federal benefit.

CLICK HERE for more information.

Notice: SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income-Driven Repayment plans, including Income-Contingent Repayment or PAYE. SoFi always recommends that you consult a qualified financial advisor to discuss what is best for your unique situation.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
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.
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Source: sofi.com

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Eating out—whether it’s at nice sit-down restaurants or a drive-through window—is one of the biggest leaks in a lot of people’s budgets, including mine. It’s an, albeit tasty, money suck. And to make matters worse, eating out gets harder to stop doing the more you do it.

If you need a little help breaking the cycle, here are 10 tips to stop eating out that actually work.

What’s Ahead:

Reasons to stop eating out (as often)

The biggest reason to stop getting takeout as often is saving money. Eating out is an expensive alternative to getting food at the grocery store (even if you don’t cook). A single person getting takeout for lunch or dinner five days a week might spend $100 without even realizing it while another person who ate at home would have spent a fraction of that.

Another reason is your health. Even if you feel like you’re making the healthiest choices possible when carrying out or dining out, restaurant meals are almost never as nutritious as your own food would be. And often, you don’t exactly know what’s in them.

So, how do you stop eating out?

1. Start small

As with any lifestyle change, the key to lasting success is to take baby steps. If you’re on a steady diet of Big Mac lunches and pizza dinners, try starting by trying to pack your lunch four days out of five. If you hit all five, great, but allow yourself some wiggle room.

The next week, cook dinner for yourself once (or at least avoid ordering or going out by getting some frozen pizzas at the store). Each week, do a little more. Pretty soon, you’ll find that eating out is the exception rather than the rule.

2. Avoid social pressures to eat out

Group of friends eating at restaurant

If you spend a lot of money going out to sit-down restaurants, your habit may be more social than gastronomical in nature. Are you eating out with friends or your significant other? If a group of friends is the culprit, suggest dinner parties as an alternative. Or, grab a quick bite at home and meet the group after their meal.

3. When you do eat out, choose wisely

Be strategic about how you spend money when you are going out. At sit-down restaurants, desserts and alcoholic drinks tend to have the highest markups, so order them sparingly. Then, try to choose foods that will give you leftovers you can take home so you get two meals for the price of one.

4. Pack your lunch, but don’t ditch your break

Just because you bring your lunch to work doesn’t mean you should eat at your desk. When I used to eat lunches out almost daily, I savored the 10-minute drive to my favorite sandwich shop as a much-needed chance to get out and see the sun. Eat with coworkers in a common space, go outside, or even take it in your car and eat somewhere quiet if you have to! If you do eat at your desk, take at least 20 minutes to walk outside and get some fresh air.

5. Love your slow cooker

For anyone who doesn’t actually like to cook or doesn’t have the time in their busy schedule to stand over a stove, the slow cooker saves the day. The humble crock pot is the secret not only to a quick dinner but also to making your whole house smell amazing for hours. If you don’t have one, there are many inexpensive brands and models. You can often find these for sale at secondhand and thrift stores too.

6. Shop more frequently

If you’re making food for one or two, you might find yourself wasting ingredients often, which doesn’t exactly make you enjoy cooking. It can be hard to use up things like fresh produce and perishables before they go bad, especially if you start out the week with good intentions and end up too busy or tired to cook. Going shopping more often and buying smaller quantities is the key to eating out less and eating at home more.

Read more: How to save $100 a month on groceries

7. Meal prep

Storage containers filled with food for meal prepping

Meal prepping is the secret sauce. It can help you save time, eat healthier and achieve your fitness goals, and yes, stop eating out. Taking an hour or two one day a week to meal prep what you’re going to eat is worth it. Because later in the week when you don’t feel like cooking, you won’t have to. Even just prepping go-to ingredients like proteins, veggies, or side dishes is a game changer.

8. Try meal kits

If part of your problem with cooking at home is never knowing what to eat or not having time to think about it, meal kits can make your life easier. They come with pre-portioned ingredients so you don’t have to worry about wasting what you don’t finish, get shipped right to your door so you don’t have to go grocery shopping, and come with recipes and instructions for preparing impressive meals.

Read more: Best meal delivery kits of 2023: How they compare

9. Freeze, freeze, freeze

Learn to freeze foods and do it whenever possible. Freeze what you can’t eat and freeze extra food when you have time to spare. Meats, bread, even milk and some fruits and veggies can be frozen just fine. You can also make freezer meals so you always have quick meals for those long days when cooking is the last thing you want to do.

10. Make copycat meals

Restaurant meals are a whole different level of deliciousness, especially at your favorite spots. But if you didn’t already know there’s a whole corner of the internet devoted to “copycat meals,” or recreations of restaurant dishes, now you do. You’d be surprised how spot-on some of these recipes are. Bonus, you’ll know every single ingredient.

11. Make it special

When you get into a habit of eating out every night of the week, it becomes a little less exciting each time. The less frequently you get takeout and restaurant food, the more fun it will be when you do. Reserve this treat for date nights, special occasions, and celebrations.

Final thoughts

There’s nothing wrong with going out to restaurants once in a while or treating yourself to takeout. But eating out can quickly get expensive, and most restaurant meals aren’t known for being nutritious. Follow these tips for cooking at home more to avoid eating out as much and help yourself save money.

Source: moneyunder30.com

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As the house renovation slowly but surely keeps chugging along, I’ll be talking paint colors with you later this week!, I find myself constantly furnishing rooms in my head. That’s why I was thrilled when one of my favorite San Francisco-based design firms, Niche Interiors, took us up on our request for a Designer’s Take. Founder Jennifer Jones has such a great eye. Here’s a couple of the gorgeous dining rooms they’ve designed:

3fb56b2e1e29c42ff5929498d3b776b1 002-ranch-house-remodel-niche-interiors

As a reminder, below is the architect’s drawing of what our dining room looks like. The space enjoys some pretty special features including the original 140 year old pocket doors, a fireplace that I still have to design – oy!, the original crown molding, a bay window and 12-foot ceilings. Jennifer turned her sights on our dining room and I am loving her thoughts.

Screen Shot 2015-06-05 at 4.10.23 PM

We took inspiration from the classic Victorian architectural details of Erin’s new home, along with her obvious love of black and white. Clearly, the bones of this space are the real star — we would create a restrained, contemporary dining space with subtle nods to traditional design.

First, we would paint the walls and moldings a warm white and add a larger ceiling medallion that is more appropriately scaled for the room. Matte black paint on the ceiling would make the gorgeous moldings pop and accentuate the tall ceilings. Graphic geode wallpaper peeks out behind tall metal bookcases flanking the fireplace, and kelly green drapery panels frame the bay window. The dramatic brass chandelier has a traditional shape with modern styling — a perfect focal point for this space!

Interior-Design-by-Kay-DouglassDesigner'sTake_Niche_Dining

GET THE LOOK:

  1. > Chandelier 
  2. > Table
  3. > Curtains (custom)
  4. > Minotti Aston chair
  5. > Vase
  6. > Zak & Fox with Apparatus Wallpaper
  7. > Brass Dish
  8. > Bookcase

Curious how other designers have suggested we design our Victorian? From the kitchen to the nursery, living room and bedrooms – you can find all the amazing inspiration right HERE.

Images 1 & 2 via Niche Interiors // Image 3 via Kay Douglass Interiors

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Source: apartment34.com

Apache is functioning normally

This guest post from Shelley Turner is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes.

They’re coming! Like it or not, the holidays — and all the stress of buying the Perfect Gift — are just around the corner. I actually like brainstorming gift ideas, and have been told I’m pretty good at it. Today I’ll share my secrets with you.

The best gifts are appropriate for the recipient, yet don’t cost a small fortune. You want your gift to say “I know what you like”, not “I didn’t have a clue of what to get you for a gift for but here it is anyway”. I once received a leopard-hair belt. Anybody who knows me, or has seen how I dress, understands that there’s never been (nor ever will be) a time that I’d wear a leopard-hair belt. A gift like that screams “I just bought you something because I had to”.

Gift-giving ground rules
Before you buy, take a few minutes to think about what your recipient has in her house or on her desk, what she spends her time doing, what she likes to talk about, where she likes to eat, and even what she keeps in her refrigerator. Even if you don’t know her that well, this exercise will help you get some ideas of what the recipient likes.

I’m not a collector, so I prefer practical and useful gifts. However, if your gift recipient is a collector, that’s a perfect opportunity. Even if his collection is filled with expensive items, you can often find a small token within that collection that you could give him. The trick to buying a great gift for somebody, no matter what the occasion, is to buy what your recipient would enjoy — not what you’d enjoy.

Often, a consumable gift that provides momentary pleasure and then disappears is best, especially around the holidays when people usually get many gifts. Consumables can be given, enjoyed, and remembered without becoming Stuff.

My husband’s 90-year-old grandmother is a perfect example. What can you give a 90-year-old woman who already has everything she wants and needs? Not much. However, I know she really enjoys a good cup of coffee. And I found some European butter cookies and a some jars of preserves made in her native Denmark. I give her this same gift every year. She tells me she waits eagerly for our gift because not only does she enjoy consuming it during the winter, but because it’s a small reminder of her home country.

Inexpensive gift ideas
No matter which gift you choose, if it’s something your recipient uses over and over, you can give a great gift without spending too much. Here are some of my favorite inexpensive gift ideas. These have all been well-received and cost less than $20. You can tailor the gift idea to fit your budget. Some of these can be used as hostess gifts for holiday parties you may be attending.

  • Personalized note cards
  • A book by her favorite author
  • Monogrammed wine stoppers
  • Travel journal
  • Engraved metal bookmark
  • Monogrammed soap bars
  • Bread basket with quick bread or muffin mix inside
  • Dog or cat breed-specific items — calendars, notepads, keychains, etc. of their pet
  • Cookbook (specific subjects like fondue, vegetarian, appetizers, etc or you could get a book representing their hometown like the Chesapeake Bay, etc.)
  • Personalized insulated tote-style lunch bag (put his favorite snack inside)
  • Sports team items — pick her favorite team mug, hat, t-shirt, scarf, etc. (fill a mug with her favorite hard candy)
  • Gourmet chocolate bars tied with ribbon or raffia
  • Favorite bubble bath & bath pillow
  • Wallet with gift cards or cash inside
  • Amaryllis or Paperwhite bulb package
  • Old-fashioned jar filled with favorite candy or snack
  • Hand-made soap with an interesting soap dish
  • Handmade crocheted or knitted scarf or hat
  • BBQ sauces, hot sauces, grilling rubs, etc (some have funny labels)
  • Ice cream dish with favorite topping
  • Decorative candy bowl with favorite candy
  • Ornament representing current hobby
  • Charm to add to an existing charm bracelet
  • T-shirt from favorite restaurant
  • Crabtree & Evelyn hand therapy (super-rich hand cream)
  • Nice colored pencils and/or sketch notebook for artists
  • Small decorative bowl and package of dip mix
  • Hand towels with initials embroidered (especially if newly married)

Here are a few more ideas with a bit of explanation:

  • Magazine subscription (hundreds of subjects to choose from — and you can give crossword puzzle and comic book subscriptions too). Buy the current issue and put a note on it that you got him a one-year subscription.
  • Lolita glasses are painted wine, beer, or margarita glass that have themes painted on them based on hobbies. There’s a recipe painted on the bottom of each glass too.
  • Year of Napkins! This requires advance planning, but makes a unique gift for a very reasonable price. For each holiday throughout the year (plus Happy Birthday), pick up one pack of luncheon-sized napkins. When you’ve collected all the holidays, package them in order of the holidays in small CD crates, baskets, etc. Usually you can find the napkins in the clearance section right after the holiday. Decide how many of these you want to put together in advance so you can buy as many as you need during each holiday.

Remember that you can also go in with others to purchase bigger gifts, such as theater tickets, cooking classes, and other “experiences”. If you’re very organized, you can shop all year and pick up interesting gifts along the way. My sister-in-law has a birthday in January, but I often find stuff she’ll love in the summer, so I buy it and keep it until her birthday.

Check the clearance racks all year to get even better deals. Unless you really enjoy going shopping the week before Christmas, you may find that buying gifts ahead of time will not only save you money, but also make the holiday season a little more relaxing, as well.

Reminder: Another way to save money on gifts is to make them yourself. Here’s a list of 34 great homemade Christmas gifts almost anyone can put together. And over at The Simple Dollar, Trent has been documenting his own quest for family-produced Christmas presents.

A note on packaging
When packaging your gifts, you’re not stuck using a gift bag or plain wrapping paper unless you want to. Tulle (that material used to tie up rice/birdseed to throw at weddings) is great for wrapping unusually-shaped items, such as the bowls & dip mixes, candy bowls & jars, ice cream dishes, bottles of hot sauces, soap, etc. It’s really inexpensive to purchase by the yard, comes in many colors, and your recipient can see what you gave her without unwrapping it. Tulle is especially good for hostess gifts so they don’t have to open them upon receipt.

Some other tips:

  • Magazines roll up perfectly in those tall wine bottle bags.
  • Chinese-food boxes and small tin buckets are inexpensive and fun to use.
  • Bread baskets work nicely to hold all kinds of items and they can reuse the basket later.

When packaging your gifts, use your imagination!

1980 Gates Christmas - Tiff and Kris

Gift giving can be fun — if you allow yourself to be creative and take a few minutes to think about your recipient. The bottom line: If he’ll enjoy it, it’s a great gift for him!

Happy gift-giving!

Source: getrichslowly.org

Apache is functioning normally

You’ve probably heard of the 100 envelope challenge, but it may have been way too intense to complete based on your salary.

So, this 50 envelope challenge is perfect for you and you can also save $1275!

The premise of the envelope challenge is simple: each day (or enveloped) save the money listed on the envelope.

The goal is simple: save $1275 by following through with your envelope challenge and documenting your success!

The 50 envelope challenge is a great way to save cash on a budget.

You will be surprised at how much money you can save by following this simple challenge.

The good news is more people are starting to save money than ever before. Savings rates are rising (source) and that is a good thing!

Thanks in part to many of the popular money saving challenges available today. What is your savings goal?

Here are the guidelines for how it works.

If you’re looking for a way to save money and feel good about yourself, then this 50 envelope challenge is perfect for you. Challenge yourself to save $1275 by using 50 envelopes.

What Is The 50 Envelope Challenge?

The 50 Envelope Challenge is a fun game that helps you save money and prove to yourself that you can.

With the 50-envelope challenge, you have envelopes each day or each week, if you prefer.

The challenge lasts until all 50 envelopes have been filled.

This money saving challenge is easier to do than the 100 envelope challenge but has many of the same outcomes.

How much can you save with the 50 envelope challenge?

Picture of how much can you save with 50 envelope challenge.

The 50 envelope challenge can be a great way to save money, especially if you are new to saving money. By participating in the 50 money envelope challenge you can save $1,275.

That is something to be proud of!

How does the 50 envelope Challenge work?

Picture of a red envelope filled with cash on how does the 50 envelope challenge work.

The 50 envelope challenge is a money saving challenge.

Start with 50 envelopes and write a number from 1-50 on each envelope. Draw an envelope each day (or each week). Put the amount of cash equal to the number on the envelope inside. Do this for 50 days (or weeks) until all envelopes are filled and you have over $1,000 saved.

The 50 envelope challenge math is simple: add up your total money saved after completing the challenge.

Should you do the 50 Envelope Money Challenge? YES!

So what are you waiting for? Start saving today!

Why the 50 Envelope Challenge?

Picture of an envelope of cash for the 50 envelope challenge.

Now, let’s dig into why the 50 envelope challenge works better than the popular 100 envelope challenge…

For many people, trying to save those higher dollars amounting over $51 a day can be pretty tough. Especially if you get high numbers on consecutive days.

But, if you still want to save money then try out this 50 envelope challenge.

With the 50 envelope challenge, you will save $1275.

That is a great start to saving over $1000!

50 Envelope Challenge Chart

How much money do you save with the 50 envelope saving challenge?

You need to the numbers behind everything so you truly understand how the 50 day money challenge is set up.

Let’s break down how the math works with this 50 envelope challenge chart.

50 envelope challenge chart

50 Envelope Challenge Variations

Picture of a pig with cash around it for all of the 50 envelope challenge variations.

There are many variations of the 50 Envelope Challenge that you can try, such as filling all the envelopes with different amounts of cash or changing up the rules every day to see what works best for you!

Here are a few ideas:

  • Pick any number from 1-100 and label those envelopes.
  • Use numbers 51-100 for a higher saving challenge.
  • Pick one envelope a week and complete the challenge in 50 weeks.
  • Up the ante and complete the 52 saving challenge with 52 envelopes – one for each week!

Regardless of the rules for your 50 day envelope challenge, you will still be saving money.

Many people prefer one of these challenges instead:

What do You Need for the 50 Day Envelope Money Saving Challenge

Photo of someone gathering the supplies for the envelope money saving challenge

The supplies needed for the 50 Day Challenge are not complicated and you should have most of them around your house.

Remember, the 50 envelope challenge encourages participants to cross off each envelope as it is filled with its corresponding amount of money saved.

To participate, you will need the following items:

Supplies Needed:

  • Envelopes – Plain old white envelopes work, but colored envelopes make everything more fun.
  • Sharpie or Marker Pens – You need something to write with in order to keep track of those envelopes.
  • Cash – You need to figure out where you have the extra cash to stuff those envelopes. You may need to run to the bank quite a few times.
  • Stickers or Rubber Stamps – To make sure you don’t cheat and reopen a finished envelope.
  • Box or Container – Just make sure you have enough space for your envelopes!

Related Read: Best Cash Envelopes – Pick Your Favorite

Don’t want to make your own? Then, pick up these handmade envelopes from Desire Your Curves. Check out these 100 mini envelopes!

Also, it is super helpful to have a free printable 50 day challenge to keep you accountable! Don’t worry… we have you covered!

At the bottom of the post, you have the opportunity to download a free 50 envelope challenge PDF.

Printable 50 envelope challenge

The 50 Envelope Challenge is a printable tracker chart that you can download and print.

The idea is you will save $1,275 with 50 envelopes.

This 50 envelope challenge tracker is a useful tool to track the progress of your endeavor and motivation high!

Check Out: Free Printable 100 Envelope Challenge

What do you think of this money-saving challenge?

I think it’s a great idea.

In the long term, this challenge can save you a lot of money. If you fill up 50 envelopes with cash and put them away, you will have saved $1275! That’s a lot of money that can be used for other purposes.

This money-saving challenge is a great way to pave the way to save a significant amount of money over time.

All you need to do is put $50 in 50 envelopes and don’t touch the cash until the envelope is filled. Once all of the envelopes are filled, you’ll have saved $1275!

Then, next time, come back and try another one of our popular money saving challenges.

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org