Moving out of your parents’ house for the first time can feel exciting. Freedom, peace, and no one telling you what to do. But in reality, it’s not as easy—or as cheap—as it looks. There are hidden costs you may not have considered, and careful budgeting is key. You’ll also need to save enough money before making the leap to your own place. So, how much should you have saved before taking the plunge? Let’s break down the costs and help you figure out exactly how much you need to move out on your own.
So, how much money should you save before moving out?
Moving out is more expensive than you might think. While the cost of moving and monthly rent payments certainly factor into the cost, there’s so much more to consider. The actual amount varies depending on the person, but the general recommendation is to have six months worth of living expenses saved up before you move out and live on your own. Obviously, this can vary widely depending on where you live, as the cost of living in an apartment in Waco, TX pales in comparison to what you’ll pay in a San Francisco apartment. Let’s break down some of the expenses you’ll have to account for.
First, assess your current spending
Before you determine how much money you’ll need to move out, it’s crucial to evaluate how much you’re spending right now. Start by reviewing your last six months of bank statements. Break down your expenses into categories such as transportation, entertainment, food, and subscriptions. This will help you see what your monthly spending looks like and where your money is going.
Don’t overlook debts. If you’re making regular payments on student loans, a car, or credit cards, consider how these obligations will affect your ability to pay rent and other living expenses. If your current debt load feels overwhelming, try to pay down some of it before making the move to your own place. Understanding your current spending habits will give you a solid foundation to start building a budget for life after you move out.
Determine how much rent you can afford
One of the most important steps in moving out is determining how much rent you can realistically afford. A common reccomendation is that you should be spending no more than a third of your monthly take-home income on rent. To figure this out, start by calculating your monthly income after taxes. Multiply that amount by 0.30 to get the maximum rent you should consider. For example, if you take home $3,000 per month, you’d aim to spend no more than $900 on rent.
Keep in mind, this 30% rule is just a guideline. If you have other significant financial commitments, like loan payments or savings goals, you may need to adjust your rent budget accordingly. On the other hand, if you’re in a lower-cost area or sharing rent with roommates, you might be able to afford a higher percentage.Take a look at the average monthly rent in the city or area you wish to find a place. This will give you an idea of where you can afford to live and how much you’ll expect to pay.
Budget for additional upfront fees
Rent is just one part of the cost of leasing your first apartment. Before you even move in, you’ll need to prepare for several upfront fees. These expenses can catch you off guard if you’re not aware of them, so it’s important to budget for them alongside your rent.
Common fees include:
Application fee: Often ranging from $50 to $100, this fee covers the cost of processing your rental application.
Background check fee: Landlords typically charge between $35 and $75 to run a background check as part of the rental process.
Credit check fee: This can cost anywhere from $30 to $50, depending on the landlord.
Security deposit: Usually equal to one month’s rent, but it could be as high as two months’ rent in some cases. This deposit protects the landlord in case of damage or unpaid rent.
First and last month’s rent: Many landlords require both upfront to ensure you don’t skip out on the lease.
Move-in fees: These can range from $100 to $500, depending on your building, and are meant to cover elevator usage or building staff during your move.
Pet fees: If you have a pet, expect to pay a pet deposit or pet rent. Deposits may range from $200 to $500, while pet rent could add $25 to $50 per month to your rent.
Altogether, these fees can add up quickly, so be sure to include them in your budget as you plan for your move. By knowing what to expect, you can avoid surprises and make the transition to your new home smoother.
Factor in basic apartment necessities
But all those fees aren’t the only things you’ll need for your first month. Your apartment is empty, your cupboards are bare. You’ll need to stock up on cleaning and cooking supplies.
Before you settle in, you’ll need to shop for toilet paper, tissues, paper towels, garbage bags, laundry soap, dishwashing liquid, all-purpose cleaner, lightbulbs and other apartment essentials.
Don’t plan on ordering food every night, as that cost can add up quickly. You’ll have to cook at home to keep expenses down. In the kitchen, the cabinets and fridge will need to be filled with basic necessities like flour, sugar, baking soda, and vegetable oil, not to mention cookware. Be prepared to pay upwards of $200 to fill your pantry and supply closet.
Don’t forget utilities and recurring expenses
As soon as you move in, you’ll have to start to pay your monthly bills for recurring expenses. Utilities will consist of your electric bill to run your heat, air conditioning and appliances, your water bill and (in some apartments) a natural gas bill. Expect to pay between $125 and $175 a month in basic utilities.
There are additional monthly utility costs, as well, including internet access and cable or streaming services. If you’re cutting the cord and can still stay on your parents’ Netflix and Hulu account, you’ll save a ton, but you’ll still need an internet connection from your cable company or another provider.
You might also face monthly fees for garbage pickup, recycling, sewer and even parking. And don’t forget about your cell phone bill.
Do some research on the average costs of these services in the area to which you’re planning to move, and calculate how they fit into your budget. Pay all your bills on time, and don’t make the mistake of falling into debt and ruining your credit score.
Moving costs
Then there’s the cost of actually moving. Depending how much stuff you have, how much furniture you’re bringing with you and how far away you’re moving, your costs will vary. The average cost of hiring a moving company. Save some cash by having friends help or borrowing a truck.
Regardless of your furniture situation, you’ll need to budget for some. Even if you’re simply moving your own furniture into your new apartment, you’ll likely need to rent a moving truck or hire professional movers to haul that bed, couch and other large items.
If you decide to buy new furniture, try to keep costs down by hitting thrift stores and Facebook Marketplace. Renting a partially furnished apartment may be a more efficient option even if you’ll pay a bit more in rent.
Account for lifestyle costs
When you move out of your parents’ house, your lifestyle expenses are likely to increase. Beyond rent and utilities, you’ll need to account for everyday living costs that can add up quickly. These include groceries, transportation, entertainment, dining out, and personal items like clothing or toiletries.
If you’re used to sharing household responsibilities or having meals provided, managing all of this on your own can be an adjustment. Groceries alone can be a significant expense, especially if you’re not accustomed to meal planning or cooking at home. You’ll also need to factor in transportation costs, whether it’s fuel for your car, public transit passes, or rideshares.
It’s also important to think about how you’ll spend your free time. If you’re someone who enjoys going out frequently or spending on hobbies, you’ll need to adjust your budget accordingly to ensure you can maintain the lifestyle you want while still covering your essentials.
Keep an emergency fund
Aside from all that, you should put away as much as you are able in case of emergency or job change. Always keep somewhere between $500 and $2,000 aside for unexpected health, car or other circumstances — and don’t touch it.
Ready to move? Make sure you’re financially prepared
Now that you know the true cost of leaving the nest, you can compare it to your paycheck and determine if you can afford to move out, how much rent you can manage and how much you must save. Remember, you’ll need to be able to cover six months of these expenses to be comfortable. The last thing you want to do to yourself is miscalculate your expenses and have to move back in with your folks.
Well, it looks like we’re here in another US election year already.
As Advanced Mustachians, we already know that the ongoing battle of Harris vs. Trump should not be consuming much of our time. Sure, we do our research and cast our votes but after that we move right on to focus on other things within our own circle of control.
But out of all the things the politicians like to bicker about, there’s one area where MMM does need to set the record straight, and that area is of course money. Your money, the economy in general, and the overall wealth of the nation.
Politicians are already not known for being the sharpest tools in the shed when it comes to technical stuff like science, technology, or economics. But this year the discourse has become particularly dumb, as our candidates try to manipulate undecided voters in swing states with ideas that are based on irrational emotions rather than sound economic sense.
For one particularly funny example, you may have noticed that the competing party (Trump in this case) is attacking the incumbents (Biden/Harris) over the “bad economy.” When in fact the US economy is stronger than it has ever been, with the lowest unemployment we’ve ever seen as well.
It’s hard to imagine a better situation than we have right now, and in fact the recent bout of higher inflation is a sign that things have been going too well, and we needed to step on the brakes with the help of higher interest rates.
But somehow the people still seem to believe that we have a “bad” economy. Take a look at this Gallup poll showing that while most people (85%) are doing really well right now, they assume that it’s just their own good fortune – only 17% believe the economy is doing well.
This is mathematically impossible, because if most people are doing well, that’s the definition of a good economy! And suspiciously enough, this widespread wrongness correlates quite nicely with the rise of social media misinformation.
So the politicians and the news have been doing the opposite of what they should be doing in an ideal situation (sharing accurate information). And sure, we can always just ignore their speeches and go on with our lives. But when it comes to economics, knowledge is power (and money). The more accurately we understand how things really work, the wealthier we will all become.
So with all that in mind, I hereby present you with my list of the…
Top Dumb Things Politicians Want You To Believe About The Economy
1:The President Controls the Economy
If there’s a recession, the opposition party likes to blame it on the current president. If the economy is booming, the current president likes to give himself (or possibly soon herself) credit for all of that success. But really, the US economy is way too big – and thankfully way too free – for the president to control or really even influence all that strongly.
In reality, our economy is a gigantic machine which converts labor and materials into things like iPhones, hospitals and pumpkin pies. And although we’re the biggest economy at 26% of the planet, we are still heavily influenced by that much bigger 74% of economic activity that the other 7.6 billion people on Earth are busy producing everywhere else.
When we have our inevitable little boom and bust cycles, they are mostly caused by the normal cycle of irrational exuberance (and greed) like the 2007 housing boom, followed by brief periods of extreme fear and pessimism like the 2008-2012 financial and housing crash.
The government does play a role too, by setting tax rates and other rules. But the effects of these policies are usually so delayed and unpredictable, that you can’t draw a straight line between today’s president and today’s economy. In other words, the government does its best to adjust the rudder on our giant ship, but in the short term our economy lurches around on the waves and storms of the ocean.
2:The President Controls Interest Rates
This one is especially funny to me, as our candidates feign sympathy for the hard life of middle class Americans, who now face higher borrowing costs on their credit cards and car loans and mortgages. They claim they will fight to bring the interest rates down. Trump even goes as far as bullying our Federal Reserve board members (who can only do their jobs if we allow them to function as independent experts) and suggesting that he would take over the whole department, if elected.
The real story is that while monetary policy would be a terrible tool to leave in the hands of a sitting president (see Argentina), it does function as an excellent set of gas and brake pedals for the economy if used properly. When things slow down and unemployment gets too high, a cut to the interest rates will produce a boost in everything from new jobs to stock prices. But if things get too hot, you get rapid inflation which can mess up the system.
3: Inflation has Made Life Harder for Americans (and the President Can Magically Reverse it)
This line of reasoning is even dumber than the last one. For a couple of years after the Covid era, we had rapid inflation. It was caused by a rare combination of a goods shortage caused by things like factory closures and remote work, plentiful demand from government stimulus spending and low interest rates. These factors have since ironed themselves out, and inflation is back down to an ultra-low 2.4%.
But most significantly, wages have still risen faster than inflation so we are all better off than before! Since 2019, overall prices are up 19% and our wages are up 21%. So even after all that inflation, we are still doing just fine. But the candidates are still bickering over inflation as if it’s an actual problem, and even worse promising to “bring prices back down”. And they’ve managed to convince the electorate that “higher wages and prices” is the same thing as “a bad economy”. Which is just plain wrong.
Bonus dumbness: politicians also occasionally blame “greedy corporations” for increasing prices to hoard profits. While price increases are totally acceptable in a market system (as a business owner you are free to set prices wherever you like), in reality it doesn’t usually happen because our markets are too competitive. For example, a recent deep analysis from NPR showed that no, grocery stores haven’t made any windfall profit at all off of this recent bout of Covid-fueled inflation.
4: The President Controls Housing Prices
One important thing that has changed over the past ten years is that US house prices and rents have both risen much faster than general inflation and even wages. On the positive side, interest rates have also risen which tends to make houses feel more expensive and is supposed to help bring house prices down. But it hasn’t happened yet which means we have the double whammy of higher prices and higher interest costs for mortgage borrowers.
The dumb part is that our candidates are proposing things that would make the problem even worse, like subsidies for first-time homebuyers or schemes to reduce the interest rates. When really the solution is to increase the supply of housing, which I personally think will happen if we stop putting up roadblocks for homebuilders (myself included) to build housing.
Things like faster and cheaper permits, less onerous and expensive building codes, eliminating suburban-style zoning and setback and car parking rules, and changing laws so that NIMBYs no longer get any say over what other people do with their own land could all help reduce the cost of building a house by about 50%, quickly and permanently.
5: The President Controls Gas Prices, and They Are Currently “High” and We Want Them Lower
Ahh, gasoline! The most ridiculous of things to worry about and the fuel for many of MMM’s rants since 2011.
First of all, on an inflation-adjusted basis, gasoline is still about the same price as it was in 1950: in the $3-4 range per gallon, in today’s dollars.
Secondly, it is so cheap that even with our huge inefficient American vehicles, the average household is still only spending 2.5% of their disposable income on the stuff! (The funny part is that they spend many times more on the rest of the car ownership experience while thinking gas is the part that is expensive)
Third, gasoline has been obsolete for almost a decade now. You can get a used electric car for less than the price of a comparable used gas car, or if you’re a fancypants money waster like me, new EVs are also cheaper than their gas counterparts. You get a faster, nicer car that almost never needs maintenance OR gasoline, and save money.
So why are we even still talking about this antique fuel of a previous era? Why aren’t the candidates also arguing over the price of Kodak film or typewriters or fax machines?
6: The Economy is Something We Should Even Worry About
The funniest part about all this economic talk is that we’re focusing on the wrong thing. While hard work and business and advancing the frontiers of human knowledge are all fun things, the reality is that we passed the point of having “Enough” decades ago. When the American middle class complains about how hard we have it these days, it’s like a bunch of overfed people at a buffet wishing they could just have one more flavor of donuts stacked onto the table.
Yes, we have income and wealth inequality so that the rich tend to get richer more quickly. And yes, we should keep that in check with a somewhat progressive tax system because a more equal society tends to be a more peaceful and happy one.
But have you noticed that as the rich people get richer, they don’t get any happier? It’s because after you pass the point of “Enough”, adding more money doesn’t really help much.
And “Enough” is much more defined by your mindset (and your collection of life skills) than your paycheck. So if the politicians really cared about improving our happiness and wellbeing, they’d be preaching the Principles of Mustachianism rather than pandering to the specific requests of coal miners or billionaires.
But alas, winning an election is a very different thing than proposing stuff that is actually best for the country. And for that reason, we cast our votes for the best party and then tune back out until the next election.
Happy voting!
In the Comments: Has the election season been getting you down, pumping you up, or just giving you a thorough dose of “Meh”?
Further Reading/Watching:
While researching economic stats for this article, I came across a quirky but informative series of videos called USA Facts by none other than Microsoft co-founder Steve Ballmer. It seems that he had the same frustration as me: Americans are fighting over a bunch of opinions and misinformation without even bothering to look up the actual facts. So he made a well-produced series of videos that just share the facts without the baggage of political hype on top of them. I wish our politicians could do the same thing!
Bonus Podcast based on this article! Thanks to the magic of AI, you can direct the wizardry within Google to generate a custom-made podcast on almost anything on the Internet. A reader just emailed me this take on this episode – remarkably human-like and even entertaining! https://notebooklm.google.com/notebook/0e1d0af8-8888-466c-abe4-8b1da8986773/audio
Considering moving to Louisiana? This lively state provides a unique culture, cuisine, and Southern charm, but like anywhere, it comes with its own set of challenges. From the deep cultural roots of New Orleans to the slower pace of rural parishes, life in Louisiana can be exciting, but it’s important to understand what living here is truly like. So, is Louisiana a good place to live? Let’s dive into the pros and cons of renting in Louisiana, and what you should expect.
Is Louisiana a good place to live?
Louisiana is well-known for its dynamic mix of French, African, and Spanish cultural influences, creating a rich atmosphere full of history, music, and food. Major cities like New Orleans and Baton Rouge offer bustling urban life, while smaller towns and bayou communities provide a quiet, scenic alternative. Whether you’re drawn to the state’s jazz festivals, its world-class cuisine, or its swampy natural beauty, Louisiana has a lot to offer. But with the perks come a few considerations—such as hurricane risks, humidity, and rural infrastructure—that could impact your decision.
Louisiana state overview
Population
4,657,757
Biggest cities in Louisiana
New Orleans, Baton Rouge, Shreveport
Average rent in New Orleans
$1,575
Average rent in Baton Rouge
$1,106
Average rent in Shreveport
$942
1. Pro: A hub for music and festivals
Few states can match Louisiana’s influence on the world of music. The birthplace of jazz, the state is famous for its vibrant music scene, especially in New Orleans, where live performances can be found nightly in clubs and on street corners alike. In addition, the state hosts a variety of music festivals throughout the year, such as the New Orleans Jazz & Heritage Festival and the Baton Rouge Blues Festival.
Insider tip: Head to Preservation Hall in New Orleans to catch traditional jazz performances in a historic setting, or check out the French Quarter Festival for a local favorite.
2. Con: Limited public transportation options
While cities like New Orleans offer streetcars and some bus services, public transportation across much of Louisiana is limited. If you live in a more rural area, you’ll likely need to rely on a personal vehicle for commuting and day-to-day errands, as public transit is sparse outside of the bigger urban centers.
3. Pro: A welcoming community vibe
Louisiana is known for its friendly, community-oriented atmosphere, especially in small towns. Southern hospitality is alive and well here, and many neighborhoods host regular events like crawfish boils, Mardi Gras celebrations, and farmers markets. This strong sense of community makes it easy to feel at home.
4. Con: High humidity and hurricane threats
While the warm weather is a draw for many, Louisiana’s tropical climate comes with high humidity that can be tough to handle, especially in the summer months. You’ll also need to be prepared for hurricane season, which lasts from June to November. Louisiana is often in the path of major storms, so it’s important to have a plan for weather-related emergencies.
Travel tip: If you’re visiting or moving to Louisiana during hurricane season, consider downloading an relevant apps, which provides real-time updates on storms, evacuation routes, and emergency shelters, helping you stay informed and safe.
5. Pro: Rich history and cultural landmarks
From the historic homes along the Mississippi River to the French Quarter’s iconic architecture, Louisiana is steeped in history. The state offers endless opportunities to explore its past, from Civil War sites to museums that celebrate its French Creole heritage. Additionally, New Orleans is famous for its ghost tours, and cities like Baton Rouge and Lafayette showcase the deep cultural history of the region.
Insider tip: Take a swamp tour near Lafayette to not only enjoy the natural beauty but also to learn about the region’s Acadian history.
6. Con: Infrastructure challenges in rural areas
Living in Louisiana’s more remote regions comes with certain drawbacks, particularly when it comes to infrastructure. Rural areas may struggle with reliable internet service and good road conditions, which can be a frustration if you rely on digital connectivity for work or leisure. In fact, about 21% of the state’s rural roads are rated in poor condition.
7. Pro: Nature and outdoor adventures
Louisiana’s swamps, bayous, and wetlands offer endless outdoor adventure. Whether it’s birdwatching, fishing, or kayaking through the Atchafalaya Basin, the state is full of ways to immerse yourself in nature. The many state parks, like Fontainebleau State Park and Kisatchie National Forest, are ideal for weekend getaways and camping.
Travel tip: For a unique outdoor experience, explore the Barataria Preserve, part of the Jean Lafitte National Historical Park, where you can hike along elevated boardwalks over swampy wetlands teeming with wildlife.
8. Con: A quieter nightlife outside major cities
If you’re a night owl, Louisiana’s smaller towns may feel a bit too sleepy. While New Orleans has a thriving nightlife scene with its famous Bourbon Street, many smaller communities don’t offer much in terms of bars, clubs, or late-night entertainment. The slower pace can be relaxing, but if you crave nightlife, you may need to stick to larger cities.
9. Pro: Low rent in major cities
Louisiana offers relatively low rent compared to many other states, making it an affordable option for those looking to save on housing costs. The average rent for a one-bedroom apartment in the state is around $1,304, with cities like Shreveport and Lake Charles offering even more affordable options, averaging $942 and $1,000 respectively. In contrast, New Orleans tends to have higher rent prices, with the average one-bedroom costing around $1,575. Whether you’re seeking budget-friendly living in smaller towns or more urban settings, Louisiana’s diverse range of rent prices can accommodate a variety of budgets.
10. Con: Pollution can be a concern
Pollution can be a significant concern in Louisiana, particularly due to its large industrial presence, including oil refineries and chemical plants along the Mississippi River, often referred to as “Cancer Alley.” Air quality in some areas can be affected by these industries, contributing to respiratory issues for residents. Additionally, water pollution from agricultural runoff and industrial waste poses challenges for both drinking water and wildlife.
Are you looking for the best stay-at-home dad jobs? Being a stay-at-home dad can be rewarding, but it can also be tough on your budget. If you’re a dad who wants to contribute financially while still being there for your kids, the good news is that there are lots of job options that let you…
Are you looking for the best stay-at-home dad jobs?
Being a stay-at-home dad can be rewarding, but it can also be tough on your budget. If you’re a dad who wants to contribute financially while still being there for your kids, the good news is that there are lots of job options that let you earn money from home.
You can find jobs as a stay-at-home dad that fit your skills and schedule too. Some dads become freelance writers or photographers. Others do online tutoring or virtual assistant work. There are even jobs in fields like web design and data entry that you can do from your home office.
Plus, the ideas I’m sharing in today’s article aren’t just for stay-at-home dads. These are jobs for moms, aunts, uncles, grandparents, caregivers, and anyone else who wants a flexible job that lets them work from home.
Best Stay at Home Dad Jobs
Below are the best stay-at-home dad jobs.
1. Blogger
Blogging can be a great job for stay-at-home dads.
It’s also what I do working from home while raising my daughter.
For me, blogging lets me travel as much as I want, have a flexible work schedule, make a great income, and write about topics I enjoy. I really love running a blogging business.
I started Making Sense of Cents in 2011, and since then, I’ve made over $5,000,000 with my blog. When I began, I didn’t know it would turn into one of the best jobs for stay-at-home parents, but now it gives me the freedom to work on my own schedule and spend lots of time with my daughter.
As your blog grows, you can make money from ads, sponsored content, and affiliate marketing. Some bloggers earn thousands of dollars per month. But it takes time and effort to build an audience.
The best part is you can work on your blog whenever you have free time. This flexibility is perfect for busy dads. You can write while the kids nap or after they go to bed.
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
2. Sell printables on Etsy
Selling printables on Etsy can be a great job for stay-at-home dads. Printables are digital files that customers can download and print at home. They can include things like planners, wall art, or game sheets.
You don’t need to be an expert to start, either, and many successful sellers have started with no special skills.
To get started, think about what you’re good at. Maybe you’re organized and can make planners. Or you’re creative and can design wall art. Game printables are also popular for parties.
I recommend reading about this further at How I Make Money Selling Printables On Etsy to learn more about one of the best jobs for stay-at-home dads.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
3. Proofreader
Proofreading can be a great job for stay-at-home dads. You can work from home and set your own schedule. This job lets you use your eye for detail and language skills.
Proofreaders check written content for errors. This includes spelling, grammar, and punctuation mistakes in articles, books, websites, or business documents.
Many companies hire remote proofreaders. You can also find work on freelance websites. Some dads even start their own proofreading businesses.
The pay for proofreading varies. It depends on your experience and the type of work. Some proofreaders earn $20 to $50 per hour.
This job can fit well with your family life. You can work when the kids are asleep or at school, so it’s a flexible way to earn money while staying home with your children.
You can read more at 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).
There is also a FREE 76-minute workshop where you will learn more about how to become a proofreader with Proofread Anywhere. You can sign up for free here.
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
4. Bookkeeper
Want to work from home and earn good money? Being a bookkeeper might be perfect for you! You don’t need a degree or special training to get started.
Bookkeepers help businesses manage their money by tracking sales and expenses and creating reports.
The best part? You can do this job from home! All you need is a computer and internet. This makes it great for stay-at-home parents or anyone who wants a flexible schedule.
You might work for one company or have several clients. Bookkeepers can earn $40,000 or more per year.
Please head to Online Bookkeeping Jobs: Learn How To Get Started Today to learn more about why bookkeeping is one of the best jobs for stay-at-home parents.
Also, I recommend signing up for this free training to learn more – How to start a virtual bookkeeping business (and who should do it).
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This free training will teach you what you need to know to become a virtual bookkeeper and make money from home.
5. Freecash
Freecash is a website where you can make extra money in your free time. You can earn by doing simple tasks like playing games, trying apps on your phone, and answering surveys.
When you sign up, you’ll see different offers to choose from. Each task gives you coins, which you can trade for real money or gift cards.
I have personally made $302 by playing one game on Freecash in just one week, so I know that this is a real way to make money from your phone!
Click here to sign up for Freecash.
6. Answer surveys in your free time
Many companies want to know what you think about their products and they’ll pay you for your opinions.
It’s easy to get started too. Survey sites will send you surveys that match your profile and you can do them whenever you have a few minutes free.
Most surveys take 5 to 20 minutes to finish. You might earn $0.50 to $5 per survey. Some special surveys pay even more. The money adds up over time. You could make an extra $50 to $100 a month just by sharing your thoughts.
Don’t expect to get rich from surveys. But they’re a simple way to earn some spending money. You can cash out your earnings for PayPal money or gift cards.
Remember to sign up for multiple survey sites. This gives you more chances to qualify for surveys. The more you do, the more you can earn!
Below are the companies I recommend signing up for:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Prime Opinion
Five Surveys
User Interviews
Freecash
KashKick
Pinecone Research
You can learn more about why online surveys are one of the best jobs for stay-at-home dads at 20 Best Paid Survey Sites To Make $100+ Per Month.
7. Freelance writer
Freelance writing can be a great job for stay-at-home dads. You can write articles, blog posts, and other content for websites and businesses.
I’ve been a freelance writer for years, and it’s a great job for anyone who wants to work from home.
As a freelance writer, you get to work from home and set your own schedule, so this means you can be there for your kids while still earning money.
Many freelance writers earn good money. Some make over $50,000 a year. As you gain experience, you can charge more for your work.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
8. Virtual assistant
Virtual assistant jobs are great for stay-at-home dads.
Virtual assistants work from home and help businesses with tasks they don’t have time for, such as with managing social media, scheduling appointments, editing a podcast, handling admin tasks, or answering emails.
Many virtual assistants earn $15 to $20 per hour when starting out. With experience, you could make even more. Some full-time virtual assistants earn over $10,000 a month.
Virtual assistant work is flexible. You can often set your own hours and choose your clients. This makes it perfect for dads who need to balance work and family time.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
9. Graphic designer
Graphic design is a great job for stay-at-home dads. You can use your creative skills to make money while being there for your kids.
Graphic designers create visual content for businesses and individuals, such as logos, websites, social media graphics, and more.
You don’t need a degree to start but having a portfolio of your work is important. You can learn graphic design skills through online courses or tutorials.
Many graphic designers work as freelancers. This means you can set your own hours and take on as much or as little work as you want.
10. Online tutor
Online tutors help students with subjects like math, science, or English.
Many websites connect tutors with students who need help. You can set your own schedule and work when it’s convenient for you, so the flexibility is great for balancing family time and work.
Pay for online tutoring varies, but some tutors make around $25 an hour or more. The more experience you have, the more you can charge. You might start with lower rates and increase them as you build a good reputation.
11. Social media manager
Social media managers are in high demand. This job is great for stay-at-home dads who like being online. They spend their day posting content, talking to followers, and growing social media accounts.
Many companies need help with their social media. You can work for one business or manage accounts for several clients. The pay is good too. Some managers make $300 to $3,000 a month when starting out.
12. Customer service representative
Customer service rep jobs are great for stay-at-home dads. You can work from home and help people with their questions or problems.
Many companies hire remote customer service reps. You might answer phone calls, respond to emails, or chat online with customers.
You’ll need good communication skills and patience. Being able to stay calm when dealing with upset customers is important too, of course.
Pay for these jobs can vary, and some pay hourly rates between $15 to $20 or more.
13. Web developer
Web development is a great job for stay-at-home dads. You can design and build websites from home while taking care of your kids.
Many companies hire remote web developers, giving you flexibility.
To get started, you’ll need to learn coding languages like HTML, CSS, and JavaScript. There are lots of free online courses to teach you these skills. You can practice by making your own website or helping friends with theirs.
As a web developer, you might create new sites from scratch or update existing ones. You could specialize in front-end design, which is what visitors see. Or you might focus on back-end development, which handles how the site works behind the scenes.
Web developers can earn good money. Your pay will depend on your skills and experience. You might charge hourly rates or set project fees.
14. Craft seller
Selling crafts can be a great job for stay-at-home dads. You can make items like jewelry, wooden toys, knitted scarves, or painted signs.
There are many places to sell your crafts. Etsy is a popular website for handmade goods and you can also try local craft fairs or Facebook groups in your area.
15. Transcriptionist
As a stay-at-home dad, working as a transcriptionist can be a great job option. You’ll turn audio or video recordings into written documents.
This job lets you work from home and set your own hours, so it’s great if you need flexibility around your kids’ schedules.
To get started, you’ll need good typing skills and a quiet space to work. Most companies want you to type at least 60 words per minute.
You don’t need much experience for many transcription jobs. Some places will train you on the job.
Pay varies, but you can earn between $15 to $20 per hour as you gain experience.
You can find work on websites like Rev, TranscribeMe, or GoTranscript. These sites often have jobs available for beginners.
Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
16. Data entry clerk
Data entry jobs can be a great fit for stay-at-home dads as you can work from home and often set your own hours.
Data entry clerks input information into computer systems. This might include customer details, financial records, or other types of data. You’ll need to be accurate and pay close attention to details.
Most data entry jobs require basic computer skills. You should be comfortable using programs like Microsoft Excel. Fast typing is also helpful.
Pay for data entry jobs can be wide, with some jobs paying hourly rates around $15 to $25.
Recommended reading: 15 Places To Find Data Entry Jobs From Home
17. Run Facebook ads for small businesses
Facebook ads can be a great way for stay-at-home dads to make money. Small businesses usually need help reaching new customers online, and you can learn to run these ads and help local stores and businesses grow.
Many business owners don’t have time to figure out Facebook advertising. That’s where you come in. You can set up and manage their ad campaigns from home.
This job lets you work flexible hours while the kids are busy or asleep. You might start with just one or two clients. As you get better, you could take on more businesses.
The best part? You could earn good money doing this. Some people make $1,000 or more per month from each client. That can add up fast if you have a few businesses you’re helping.
Facebook is a huge platform for ads. More and more companies want to advertise there. This means there’s lots of work for people who know how to run these ads.
There is a free webinar (you can sign up here – How To Start Your Very Own Facebook Ad Agency In 30 Days Even If You’ve Never Written An Ad Before!) that will teach you how to start this business even if you’re new.
18. Print-on-demand
Print-on-demand is a fun way for stay-at-home dads to make money. You can create custom designs for T-shirts, mugs, and other items without keeping any inventory.
Here’s how it works: You make a design and upload it to a website. When someone buys your product, the website prints your design and ships it to the customer.
You don’t need to be an artist to do this. Many successful designs are just words or simple graphics. You can start with basic ideas and see what sells well.
Popular items for print-on-demand include T-shirts, coffee mugs, phone cases, and tote bags. There are many more options too, like blankets, pet bowls, and even jigsaw puzzles.
I recommend signing up for the freebie 17 Hot-Selling Print-on-Demand Products That Can Pay for Your Next Vacation and More! to learn more.
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This freebie will teach you about print-on-demand as well as give you a list of 17 hot-selling products you can sell via print on demand.
19. Run a dog treat bakery
Starting a dog treat bakery can be a fun and rewarding job for stay-at-home dads. You can make tasty treats for furry friends right in your own kitchen.
You can sell your treats in many ways. Tell your friends and family about them. Set up a booth at local farmers markets. You could even sell online through sites like Etsy.
As a side job, you could make $500 to $1,000 a month baking dog treats. If you want to do it full-time, you could even earn several thousand dollars each month.
I also recommend reading How I Earned Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!) if you are interested in baking dog treats.
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This free workshop will teach you how to start your own dog treat bakery business.
20. Stock photo photography
Stock photo photography can be a great job for stay-at-home dads who want to get paid to take pictures. You can take pictures while spending time with your kids at parks, playgrounds, or around the house.
Many websites and businesses need photos for their content. They usually buy these images from stock photo sites. As a photographer, you can upload your pictures to these sites and earn money when people buy them.
You don’t need fancy equipment to start. A good smartphone camera can work well for many types of stock photos. Try taking pictures of everyday objects, nature scenes, or people doing common activities.
It’s important to learn what kinds of photos sell best. Look at popular stock photo sites to see what’s in demand. You can also join online groups for stock photographers to get tips and advice.
This job gives you flexibility because you can take photos whenever it fits your schedule.
I buy stock photos all the time for my business, and so do many other people that I know. Finding quality pictures can be hard at times, so I think it would be a great business to get into.
21. Twitch streamer
Twitch is a website where you can live stream yourself playing games, cooking, or just talking with viewers.
To start, you’ll need a computer or gaming console and an internet connection. Set up your Twitch account and start streaming regularly. You’ll want to try to be fun and engaging with your audience.
Keep in mind, it’s not easy to make a lot of money on Twitch. Only a small number of streamers earn a good income. But if you enjoy gaming and interacting with people, it could be a fun way to earn some extra cash as a stay-at-home dad.
Recommended reading: How Much Do Twitch Streamers Make?
22. YouTuber
Being a YouTuber can be a fun way for stay-at-home dads to make money. You can create videos about topics you love (like travel, family life, finance, food, and more) and share them with people all over the world.
To start a YouTube channel, you’ll need a camera, a microphone, and some basic video editing skills. Don’t worry if you’re not perfect at first – practice makes it better! I’ve watched so many amazing YouTube channels where they just learned as they went.
As your channel grows, you might start earning money from ads on your videos. You could also get paid to talk about products you like or sell your own merchandise.
Recommended reading: How Much Do YouTubers Make?
23. Manage short or long-term rentals
You can make money as a stay-at-home dad by managing short or long-term rentals that you own as a landlord. This job lets you work from home while helping property owners rent out their spaces.
Your tasks might include listing properties online, answering questions from potential renters, and scheduling bookings. You’ll also need to handle check-ins and checkouts, and make sure the rentals are clean and ready for guests.
You can start by managing a single property, like a vacation home or an apartment. As you gain experience, you might take on more rentals to increase your passive income.
I know many dads who have bought properties in order to rent them out. The income is fairly passive, which can be great for someone who wants to stay at home with their kids.
Recommended reading: How This 34 Year Old Owns 7 Rental Homes
24. Buy items to resell online
Buying items to resell online can be a fun way to make money as a stay-at-home dad.
You can search for deals at thrift stores, garage sales, or clearance sections like clothes, toys, electronics, or collectibles. You don’t need a lot of money to start and even $50 can get you going.
Once you find good deals, list the items on sites like eBay, Amazon, or Facebook Marketplace.
As you make sales, reinvest the money to buy more items. This can help your business grow over time.
It’s important to research prices before buying anything. This helps make sure you can sell for a profit. With practice, you’ll get better at spotting good deals.
One of my good friends when I was growing up had a stay-at-home dad who flipped items as a side hustle. She now does something very similar as her full-time business!
I recommend watching this helpful free webinar – Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days.
25. Food delivery
Food delivery for companies like DoorDash, Uber Eats, and Grubhub is a great option for stay-at-home dads. You can work flexible hours and earn money while taking care of your kids.
You’ll pick up food from restaurants and bring it to customers’ homes. It’s easy to get started – just sign up with a company and download their app. You can choose when to work based on your family’s schedule.
Now, you won’t be able to bring your kids with you, but this may be a job that you do when someone else is watching your child, such as a spouse or another family member.
Frequently Asked Questions
Stay-at-home dads have many ways to make money while caring for their kids. Here are answers to some common questions about stay-at-home dad jobs.
What should I do as a stay-at-home dad?
There are many ways to make extra income as a stay-at-home dad. This can include blogging, freelance writing, web development, mystery shopping, answering surveys, and bookkeeping. You could even do things like become a recruiter, start an in-home daycare, or find part-time jobs in your area.
What are some remote job opportunities for stay-at-home dads?
Stay-at-home dads have lots of choices for remote work. You could be a virtual assistant, do data entry, tutor online, web design, writing, and social media management.
How to make $2,000 a month as a stay-at-home dad?
To make $2000 a month as a stay-at-home dad, try combining a few different jobs. You could blog, do some virtual assistant work, and sell items online.
What are some stay-at-home dad jobs with no experience?
Even without experience, you have options as a stay-at-home dad. You could try taking surveys or doing small tasks on sites like Freecash. You could start a blog about being a dad. Selling items you no longer need online is easy too.
Best Stay at Home Dad Jobs – Summary
I hope you enjoyed this article on the best stay-at-home dad jobs.
There are lots of jobs that let dads earn money while staying home with their kids. Popular choices include blogging, freelance writing, virtual assistant work, selling printables on Etsy, and proofreading.
Many of these stay-at-home jobs are flexible, so it’s easier to balance work and family. These jobs can also work for moms and other caregivers too.
Do you want to become a stay-at-home dad? What do you think are the best jobs for work-from-home dads?
Do you want to learn how to start a personal finance blog? Starting a personal finance blog changed my life. When I began Making Sense of Cents (the blog that you’re reading right now!), I had no idea that sharing my money tips would lead to financial freedom and the ability to work from anywhere….
Do you want to learn how to start a personal finance blog?
Starting a personal finance blog changed my life. When I began Making Sense of Cents (the blog that you’re reading right now!), I had no idea that sharing my money tips would lead to financial freedom and the ability to work from anywhere.
What started as a hobby turned into a full-time career, allowing me to help others take control of their finances while earning a great income.
Whether you want to help people save money, get out of debt, or learn how to invest, blogging gives you a platform to make a real impact. Plus, it’s an opportunity to earn some extra income on the side or even turn it into a full-time career.
If you’ve ever thought about sharing your own money journey and helping others improve their financial lives, now is a great time to start. In this How To Start a Finance Blog guide, I’ll walk you through how to create a successful personal finance blog, just like I did.
Quick note: I have a free How To Start A Blog FREE Course you can click here to join. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
My background with blogging
Over 10 years ago, I started my blog, Making Sense of Cents, on a whim. I had read an article about personal finance and thought it would be fun to share my own experience. At first, blogging was just a hobby.
I had no idea that people could make money from blogs. But after about six months, a blogger friend introduced me to an advertiser. I made my first $100, and I was hooked.
Since then, the blog has grown beyond my wildest dreams and I have earned over $5,000,000 blogging over the years. Blogging changed my life by giving me financial freedom and the ability to work from anywhere.
Now, I want to help you start your own successful blog.
What is a personal finance blog?
A personal finance blog is a website where you share tips and advice about money. It’s a place where you can help others understand how to save, budget, invest, and spend wisely.
Some examples of topics that a personal finance blog may cover include:
Budgeting
Saving for big purchases
Getting out of debt
Investing in stocks or real estate
Planning for retirement
Side hustles
Financial independence and early retirement
Student loans
Buying a home
Money and mental health
And so much more.
You can choose one or more of these topics to focus on.
Recommended reading: What Is A Blog, How Do Blogs Make Money, & More
Why should you start a personal finance blog?
I think that starting a personal finance blog has many benefits.
You can share your money tips and help others improve their financial situation by sharing advice on saving, budgeting, and investing. I have received countless emails over the years from readers thanking me for helping them change their lives, and these emails are always amazing to read.
Writing a blog also encourages you to learn more about personal finance through research, which can improve your own money skills. I have learned a lot about personal finance because I am constantly reading about it and because I am so active in the personal finance community.
Plus, you can earn extra income through affiliate marketing, ads, and sponsored posts, helping you reach your own financial goals. As I mentioned above, I have earned over $5,000,000 blogging over the years, and I really love running this online business – so it’s been a win all around for me!
For me, I love having a personal finance blog and it’s one of the best decisions that I’ve ever made in my life.
How To Start a Personal Finance Blog
Below is how to start a personal finance blog, step by step!
1. Choose your blog topic
Choosing a finance niche is the first step in starting your personal finance blog. A niche is a specific area of focus that will help your blog stand out.
To help you decide, I recommend thinking about what you’re passionate about. Is it budgeting, saving money, or investing? By picking a topic you love, you’ll enjoy writing and sharing your knowledge.
You should also think about your expertise and experience. What do you know a lot about? If you have experience with paying off debt or improving your credit score, that might be your niche.
Narrowing down your niche helps you become an expert in that area. For example, instead of writing about all things finance, you might focus just on household budgeting tips.
Your niche can also help you make money. Advertisers and sponsors usually look for specific topics to advertise on. If your blog is about investing, you might attract ads from financial services.
Don’t worry if it seems too narrow. There are a lot of people interested in specific topics. Being specific can help you connect better with your readers.
2. Start a self-hosted WordPress blog
To start your personal finance blog, I always recommend that you sign up for a self-hosted WordPress site. This means you will own your blog and its content, unlike free blogging platforms.
WordPress is where a blogger writes their blog posts. It’s like the home base for your blog. You can log in, create new blog posts, format them (like adding pictures, headings, or links), and then publish them for your readers to see. WordPress makes it easy to manage everything from your writing to how your blog looks. It’s the platform where you do all the behind-the-scenes work to keep your blog running.
WordPress is a tool that helps you build and manage a blog or website without needing to know how to code. It’s super popular because it’s easy to use and has tons of features to customize your site.
WordPress is what I use for this website (Making Sense of Cents), too!
In short, WordPress is the tool to build your blog, and self-hosting gives you the freedom to control and expand it however you like!
Here are the steps to start a self-hosted WordPress blog:
Get a web hosting service. A popular choice for new bloggers is Bluehost.
Install WordPress. Most web hosts have a one-click installation after you sign up, so it’s quick and easy.
You can see my full tutorial for this at How To Start A WordPress Blog On Bluehost. There are step-by-step directions if you want more detail and/or want to see screenshots of the exact things you should click on.
Plus, if you use my tutorial, you can get the lowest pricing as well as a free domain name.
3. Pick a blog name
Choosing a blog name is a big first step and it can seem hard to decide on.
Here are some tips for brainstorming a personal finance blog name:
Your blog name should tell readers what your blog is about right away.
Make it unique and easy to remember. A good blog name can help attract more readers. Try to avoid long names, as they might be hard to remember. Short and catchy names work best. Also, I recommend getting a “.com” over any of the others, like “.net”
Use tools like a domain name generator to get ideas. Check if the name is available as a domain. It’s important to have the same name for your blog and website address.
Don’t be afraid to get creative. Mix and match words until you find something that fits. Keep your blog’s purpose in mind and make sure the name reflects it.
Tell friends and family about your ideas for feedback. Sometimes, others can see things you might miss.
P.S. Don’t forget that your domain name (also known as your blog name) is free if you sign up for Bluehost for your blog! You can click here to get your domain name for free.
4. Design your blog layout
The layout of your blog is super important. It helps your readers find what they need and enjoy their visit.
You have three main options when it comes to designing your personal finance blog:
Doing it yourself
Paying a web designer for a custom design
Getting a premade blog layout – this is what I recommend new bloggers do!
Doing it yourself is usually the cheapest, but it can be quite time-consuming. Paying for a custom web design is usually expensive.
I’m a big fan of simply getting a premade design. They are more affordable than a custom design and still look really good. One premade blog design site that I recommend is Restored 316 (my favorite!). If you need to build a website that is custom, professional, and budget-friendly, they have you covered! There is no need to code or stress over graphic design, either. These templates are easy to use.
Please click here if you’d like to go the easy way and get an affordable premade blog design (this is what I recommend).
5. Create the main pages for your blog
To make your personal finance blog successful, start by setting up key pages.
These pages are important, as they help your readers navigate your site easily and find the information they need.
Your key pages usually include your:
Homepage – This is the first impression your blog readers get of your blog. A clear and organized homepage helps readers quickly understand what your blog is about and gets them to click around your blog further. This should be welcoming and easy to navigate – make it clear what your blog is about and include links to your main blog topics.
About page – This is where you can tell your story. Share who you are, why you started the blog, and what your readers can expect. When I find a new blog, I like heading to their About page to learn more about them and their story – so don’t skip this page!
Contact page – This page makes it easy for readers to reach you. You can add a contact form or your email address (I usually prefer just listing your email address). This allows readers, potential partners, and advertisers to get in touch with you.
Privacy Policy page – This is where you explain how you collect and use data on your site. This is important for building trust and complying with legal requirements. Now, don’t worry if you don’t know what to write, there are many templates online that you can use. For legal templates, you can search for these online or buy a premade privacy policy here.
Disclosure page – If you earn money through affiliate links or sponsored posts, let your readers know. This keeps your blog transparent and trustworthy.
There are other pages that you may want to add as well, it just depends on what you want and how detailed you want to get. The above is a great starting point.
Other pages that you can add down the line (you don’t want to overwhelm yourself too much, especially in the beginning) may include a Work With Me page (if you offer any freelance services), FAQ page (to answer common questions readers may have), Resources page (to showcase the products that you use), and a Press page (to show your readers where you have been mentioned in the press).
6. Start social media accounts for your blog
Creating social media accounts can help your blog grow because it can make it easier for more people to find your blog.
The social media accounts that you can start include:
Facebook
Pinterest
Instagram
Twitter
TikTok
Now, you definitely do not need to be active on all of these social media accounts, but I do usually like to claim my blog name on each so that no one else can take it.
Once you have your social media accounts set up, I also recommend that you add the links to your blog’s homepage so that your readers can easily find you on social media.
7. Create a content plan
Your content plan is what you’ll write about on your blog.
First, think about who your audience is. Do they want to save money, get out of debt, or invest wisely? Knowing this helps you create content that speaks to their needs.
Next, brainstorm topics that fit your blog. You can start with basic personal finance tips, budgeting hacks, or ways to save more money each month.
Once you have a list, set up an editorial calendar where you think about how often you’ll publish new posts. It could be once a week, twice a week, or even daily. Consistency is important and I highly recommend writing at least one blog post each week.
Plan ahead by writing down specific ideas for each post. This helps you stay organized and makes sure that you always have something to write about.
Now, your blog content plan doesn’t have to be crazy; it can literally just be a list of blog posts – it all depends on how organized you want to be. For example, you can just make a list of blog posts that you want to write such as:
10 Simple Ways To Save Money Every Month
How To Create a Budget That Actually Works
Beginner’s Guide To Paying Off Debt Faster
How To Build an Emergency Fund on a Tight Budget
Smart Ways To Save for a Vacation Without Stress
Investing 101: How To Start With Just $100
5 Budgeting Mistakes To Avoid if You Want To Save More
How To Meal Plan and Save Money on Groceries
Tips for Teaching Kids About Money
How To Stop Impulse Buying and Save More
Side Hustles That Can Help You Pay Off Debt
How To Improve Your Credit Score in 6 Months
Saving vs. Investing: What’s Best for Your Goals?
Frugal Living Tips That Don’t Feel Like Sacrifice
How To Use Cash Envelopes To Control Spending
These ideas could easily fill up your editorial calendar and help you stay organized and consistent with your posts!
8. Start writing blog posts
Once your blog is set up, it’s time to write your first blog post!
Below are some tips for writing your first personal finance blog post:
Write in a way that is easy to understand. Use short sentences and simple words. Remember, you want to help and not confuse your readers.
Add personal stories or experiences. This makes your blog more relatable and interesting. People love reading about real-life situations.
Break up your text with headings, bullet points, or images to make your posts easier to read. Don’t forget to proofread your work before you publish it.
Ask your readers questions at the end of your posts. This can encourage them to leave comments and interact with your blog.
9. Find ways to make money with your money blog
There are several ways you can earn money with your personal finance blog.
One way is through affiliate marketing. You can partner with companies that have affiliate programs like Amazon. When someone buys an item through your link, you earn a commission. I have a free ebook to learn more – Affiliate Marketing Tips For Bloggers.
Ad revenue (display ads) is another option. You can place ads on your blog using services like Google AdSense, Mediavine, or Raptive Ads. When visitors see or click these ads, you make money.
You might also explore sponsored posts; this is where you partner with a company and they pay you for a review, a mention, or a blog post that talks about their product.
Selling products/services that you create is a good strategy too to make money with a finance blog. You can sell printables, write ebooks, provide consulting services, or teach online courses.
As you can see, there are many ways to make money with a personal finance blog. For me, I like to do a little bit of everything so that I am diversified with my income streams from my blog.
10. Grow your personal finance blog
To get readers to your finance blog, you need to promote it.
Some ways to grow your personal finance blog include:
Start by sharing your blog posts on social media platforms like Facebook, Pinterest (I recommend that you create a new Pinterest pin for all of your blog posts), and Instagram.
Guest post on other finance blogs. This can introduce you to new readers who might be interested in your content. For example, you could guest post and write about how you paid off your debt.
Email marketing is another effective way. I highly recommend that you find ways to get readers to subscribe to your email newsletter so that you can send updates and share new blog posts regularly. If you are looking for a way to send newsletters or emails to your readers, I recommend Convertkit.
Engage with your readers by responding to their comments and emails. Building this relationship can encourage them to share your blog with others. I ALWAYS respond to comments, emails, and messages because I think it’s the nice thing to do when your readers are taking time out of their day to write something to you.
Use search engine optimization (SEO) techniques and keyword research. This helps your blog show up in search results when people look for topics you’ve written about.
Promoting your blog takes time and effort. It takes time to grow a new personal finance blog, so try not to be too sad in the beginning if it takes time – that is completely normal.
Frequently Asked Questions
If you’re thinking about starting a personal finance blog, you might have some common questions. Here’s what you need to know to get going.
How much money do personal finance bloggers make?
The amount of money that a personal finance blogger can make varies widely. I have made over $5,000,000 blogging over the years, and I know many others who make a full-time income from their personal finance blog as well. Successful bloggers can make thousands of dollars each month through ads, affiliate marketing, sponsored posts, and digital products.
Is it too late to start a personal finance blog?
No, it’s not too late to start a personal finance blog. There’s always room for fresh voices and new perspectives in personal finance.
Do I have to have a degree in finance to start a personal finance blog?
You don’t need a finance degree to start a personal finance blog. Many bloggers share personal experiences, research, and advice.
How can I make my personal finance blog stand out from others?
To make your personal finance blog stand out from others, I recommend that you focus on your unique experience with the topic that you are writing about. For example, you could share personal stories and actionable advice for what you did to pay off your student loans or to start investing.
Is a personal finance blog profitable?
Yes, a personal finance blog can be profitable. I have made over $5,000,000 from my personal finance blog over the years, all by working from home on the internet.
How To Start a Finance Blog – Summary
I hope you enjoyed my article on how to start a finance blog.
I’ve been running this finance blog that you’re reading for quite some time now, and it’s one of the best decisions that I’ve ever made.
Starting a personal finance blog changed my life, and it could do the same for you. Sharing my money-saving tips not only helped others but also led me to financial freedom and a career I love.
There are so many different finance niches that you could write about, whether it be budgeting tips for beginners or financial advice for those who want to retire early. Plus, you don’t need to be an expert to start a personal finance blog – many people want to hear about real people’s real experiences and insights, including their journey with personal finance (so that they can learn real tips!).
Whether you’re looking to earn a little extra or turn blogging into a full-time job, this guide will help you start a successful personal finance blog that makes a real impact.
Reminder: I have a free How To Start A Blog FREE Course you can click here to join. Over 80,000 people have already taken the course. In this free course, I show you how to create a blog from the technical side to earning your first income and attracting readers.
Do you want to learn how to start a personal finance blog?
Looking for the best microtask websites to make extra money? Microtask websites are a great way to make some quick, extra money without any long-term commitment. These platforms allow you to complete small, simple tasks like taking surveys, testing apps, watching videos, or performing data entry, all from the comfort of your home. Whether you’re…
Looking for the best microtask websites to make extra money?
Microtask websites are a great way to make some quick, extra money without any long-term commitment.
These platforms allow you to complete small, simple tasks like taking surveys, testing apps, watching videos, or performing data entry, all from the comfort of your home.
Whether you’re looking for a flexible way to make money during your downtime or just want to earn a little extra cash on the side, micro tasks can be a good fit.
Microtask websites have been one of my favorite ways to make extra money because they’re easy to fit into my day, whether I have just a few minutes or a whole afternoon to spare.
Best Micro Task Websites
Below are the best microtask websites to make extra money.
1. Swagbucks
Swagbucks is a popular rewards site that lets users earn extra money by performing different tasks. Once you’re finished completing tasks, you can redeem your points for gift cards or cash via PayPal.
There are different ways to make money with Swagbucks including:
Surveys
Watching videos
Searching the web using their search engine
Shopping online
Referring friends
My sister has earned over 100 free Amazon gift cards from being active on Swagbucks over the years, so I know it’s real!
If you join Swagbucks through my referral link, you will receive a $10 bonus.
2. Freecash
Freecash is an online platform where you can earn money by completing a wide variety of tasks such as online surveys, signing up for services, downloading apps, watching videos, playing games, and more.
Once you’ve earned enough points, you can redeem rewards for gift cards, PayPal cash, cryptocurrency, and more. To maximize earnings, check the site daily for new surveys and other earning opportunities. You can also invite friends and family to Freecash to earn even more points.
My sister (the owner of the site you are reading right now), actually just made $302 playing a game on her phone in just one week through Freecash recently. She did it all on her own schedule and it was super easy!
Click here to sign up for Freecash.
Recommended reading: 23 Best Game Apps To Win Real Money
3. Amazon Mechanical Turk
Amazon Mechanical Turk (also known as MTurk) is a platform where people can complete small tasks such as data entry, transcription, image tagging, surveys, audio transcription, and more. They call these tasks human intelligence tasks (HITs).
You can choose tasks that match your skills and interests so you can complete jobs faster. Each of the small jobs will show the reward amount, the estimated completion time, and the requestor’s approval rating. These details will help you decide if the job is worth the time.
MTurk is a unique platform because you can filter out jobs by reward amount, time allotted, and other criteria to find the best job for you.
To make the most money with Amazon Mechanical Turk, choose jobs with higher rewards and also think about the time to complete them. This platform is not known for paying the highest, but the jobs are flexible, which is nice.
4. Clickworker
Clickworker is one of the best micro job websites and they list micro jobs with tasks including writing, translating, researching, data entry, data collection, mystery shopping, and more.
To get started, create an account on the Clickworker website. Clickworker requires users to complete assessments to gather data on the skills users have to match them with appropriate tasks.
You can also look for different micro task jobs on Clickworker. Jobs include text creation, categorization, copy editing, proofreading, surveys, web research, and app testing. Focus on accuracy so you can get the highest rating possible so you can get more task opportunities.
5. Fiverr
Fiverr is an online job freelance marketplace where you can find gigs in categories like writing, graphic design, designing websites, video editing, search engine evaluation, annotation, research studies, help with social media platforms, and programming.
Fiverr lets you set up gigs for services you sell so people can reach out to you for hire. In each gig posting, you should include details like:
Description of your services and skills
Pricing structure
Any pictures that you may have of your previous work
When starting on Fiverr, it may help to have competitive pricing so you land more jobs and get reviews. This will help you get more jobs in the future.
You can withdraw Fiverr earnings to your bank and PayPal once you’ve reached the minimum withdrawal amount.
6. Kashkick
Kashkick is a platform where people can earn extra money by completing different tasks like taking surveys, watching videos, browsing the web, and more. It is one of the best microtask websites for beginners because you don’t need any experience.
When completing surveys, it’s important to provide honest answers and accurate information. If you have inconsistent answers across surveys, this can lead to disqualification from future surveys and reduce your chances of landing micro tasks on Kashkick.
You can sign up for Kashkick here.
7. Microworkers
Microworkers is a crowdsourcing platform where people can make money completing small tasks. Tasks on the Microworkers platform include:
Data mining
Image transcription
Content moderation
Testing
Surveys
Transcription
Translation
Once your account is set up, you can browse different jobs on the platform that match your skills and interests. Each task will include details such as pay, time required, and task instructions. Each task comes with instructions and it’s important to read these carefully to ensure you complete the job correctly.
New tasks are added regularly so it’s a good idea to regularly check the platform to look for new micro jobs.
8. Appen
Appen is a global platform that has part-time, freelance, and short-term projects that can be done remotely.
Once you create an account, you can browse through project listings and apply for jobs that match your skills and interests. Certain jobs may require you to pass a qualification test before you can start a job.
Micro tasks on Appen include image labeling, transcription, data categorization, and more. You can also complete surveys to make extra money.
9. TaskRabbit
TaskRabbit is a gig platform that connects workers with tasks individuals need help with. These tasks can include:
Moving
Cleaning
Painting
Home repairs
Mounting
Outdoor help
For example, I have a friend who recently needed help putting together a piece of furniture. They found someone on TaskRabbit who came to their house and put together the furniture for them. The person got paid, and then left – that was the whole task.
To get started, create an account with TaskRabbit and fill out your profile with details such as your skills, experience, and the type of tasks you can do. You can also set up certain services you’re skilled in such as home repair, painting, outdoor work, etc.
Your next step will be determining your rate. Check out other profiles in your area doing similar work as you and see what they are charging. This will give you an idea of how to be competitive and stand out from others. Set up notifications in your area to get alerts of new jobs in your town.
10. PeoplePerHour
PeoplePerHour is a platform for freelancers to find jobs. Jobs and micro tasks include:
Digital marketing
Web design
Writing
Social media
Branding
SEO
Illustration
To get started finding jobs on PeoplePerHour, create an account and include a professional photo of yourself, a catchy headline, your hourly rate or project pricing, and a detailed description of your work experience.
Once your profile is set up, you can apply for projects and submit proposals to jobs. In your proposal, you’ll share details like a brief intro about yourself, why the client should choose you for the job, relevant experience, and your rate and timeline for the project.
11. Gigbucks
Gigbucks is a gig marketplace where people can hire out and list services.
As a gig worker, you can create a listing and share detailed information about yourself and your work. In this listing, you’ll share information like your skills, experience, rates, and examples of your work history.
Here are some tips to be successful on Gigbucks:
Set competitive prices on projects
Maintain good communication with clients (make sure to respond to any messages you get!)
Complete high-quality work and meet deadlines
Request reviews from clients
12. Freelancer
Freelancer is a site that connects freelancers with clients who need help in areas like graphic design, writing, programming, and marketing.
As a freelancer, you create your own listing on Freelancer which will show your experience, skills, and work history.
You can also use the Freelancer platform to look for new job listings. If you find a job you like, you can submit a proposal. In the proposal, you’ll share important information like an introduction to yourself, relevant work history, as well as budget and timeline. Your proposal should stand out and make the client want to pick you over anyone else.
13. UserTesting
UserTesting is a site that pays people to test out different things for companies. As a tester, you’ll provide feedback on websites, apps, and other digital products. Once you sign up, you’ll be asked to complete a qualification test to make sure you meet the requirements for certain tasks.
Once your profile is set up, you can browse available tests. Some tasks may include navigating a website to provide feedback on usability and functionality. Other jobs include testing apps and providing feedback on user experience and features.
To complete tasks on this site, you’ll need a computer, and some tasks require a webcam and microphone.
I have used UserTesting in the past to have my website evaluated. The person just spends minutes looking through a site, gives their honest feedback, and then moves on to the next task to get paid for.
14. Zeerk
Zeerk is a website where people can sign up for small tasks like surveys or assisting with graphic design, marketing, Pinterest, SEO, and other online tasks. Jobs on Zeerk typically pay between $4 and $200.
You can also get paid on Zeerk for watching advertisements and videos.
Zeerk pays out via PayPal, direct bank transfer, and gift cards.
15. Respondent
Respondent is a user-testing website that pays people to do exactly that – test things. This platform connects people with companies for market research and user testing. You can also earn money by sharing your opinions in surveys and experiences on various topics.
Once your account is set up, you can look for different studies or surveys and even filter these jobs out based on your location, interests, and other criteria.
If you find a study you like, apply for it. If you qualify for the study, you’ll be invited to participate and have all the details and instructions sent to you.
16. Scribie
Scribie is a website that pays people to transcribe all kinds of things like lectures, conference calls, YouTube videos, and documentaries. To make money with Scribie, you first need to pass a transcription test on their website. This test involves transcribing an audio clip. Accuracy and formatting are very important here, so be aware of that.
If you pass the transcription test, you’ll then be able to look for job opportunities on the platform.
Scribie typically pays between $5 to $25 per audio hour, and the pay depends on how hard the task is that you are doing. For example, easy-to-understand audio files with high-quality audio will pay less than audio that is hard to understand or has poor sound quality.
Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly
17. Upwork
Upwork is a freelance platform where you can find all kinds of jobs.
I’ve personally found work through Upwork and have found it to be high-paying as well (as long as you find the right jobs).
You can find jobs in topics like graphic design, making websites, digital marketing, virtual assisting, and more. Jobs are posted all the time and share important information like pay, time needed, etc.
With Upwork, it’s important to build a strong profile to make you stand out from other people. Your profile should include relevant work history and even examples of your past work. For example, if you’re a website designer, you may want to show images of websites you’ve designed.
You can even get people to review you on your Upwork profile, even if they don’t actively use Upwork themselves. These reviews will really make you stand out from the crowd.
18. ySense
ySense is similar to sites like Swagbucks in that you can make money by filling out surveys, trying out new products or services, signing up for websites, and watching videos. Ysense also has a daily checklist of different tasks you can do to make extra money.
You can get paid via PayPal, gift cards, and direct bank transfers, so there are many options for payment.
19. Slice the Pie
Slice the Pie pays you for answering questions with your honest opinion. You’ll review things like music, clothing, and other creative content.
To get started, you’ll need to create a profile on Slice the Pie and share basic information about yourself as this will help Slice the Pie determine what kind of tasks to assign you.
This platform primarily focuses on reviewing music, so you may get assigned jobs where you listen to music and review it. The more thoughtful and specific your answer is, the higher the rating you’ll get, which can help you land more jobs.
Recommended reading: 11 Best Ways To Get Paid To Listen To Music
20. InboxDollars
InboxDollars pays you for completing micro tasks like filling out surveys, shopping, and playing games.
InboxDollars works by companies paying InboxDollars for consumer input. So the company will have a survey that they want people to fill out, InboxDollars will list this survey on their site, and users will fill it out with their honest opinions.
Most surveys pay between $.50 and $5 and take anywhere from 3-25 minutes to complete. Some surveys pay $10 and $25 if you match the demographic they are looking for.
InboxDollars has paid out over $80 million to users for doing different tasks, and they are well known in the industry.
You can sign up for InboxDollars here.
Frequently Asked Questions
Below are common questions asked about using micro job websites to make extra money.
What is a micro task website?
A microtask website is a platform where you can complete small tasks and get paid. Tasks may include data entry, surveys, transcription, image tagging, testing apps, playing games, and answering surveys. Microtask websites are used by both small and large companies to outsource work.
What is the best micro job site?
There are many microtask sites out there. The best microtask website will depend on the skills you have and the type of tasks you enjoy doing, along with the payment methods you prefer, and the availability of work in your region. The most popular micro job sites include Amazon Mechanical Turk, Swagbucks, Freecash, Fiverr, and Clickworker.
Is microtasking legit? Is microtasking worth the time?
Microtasking is generally legitimate and many reputable platforms are looking to fill real micro jobs. However, there are some important things to know and realize.
For example, there are more well-known and reputable microtask websites to choose from such as Amazon Mechanical Turk, Freecash, Swagbucks, and Clickworker. For others, I recommend that you read reviews of whichever microtask website you’re choosing to see what others have to say about the platform, such as looking at reviews on Trustpilot.
It’s also important to know that the pay for micro tasks is usually low and earning a steady income from this tends to require a lot of effort and time.
Overall, microtask sites can be worth it if you’re looking for flexible, low-commitment work, but it might not be suitable for your primary method of income or if you are looking to make a lot of money.
How much money can you make with microtask websites?
While you most likely can’t get rich with microtask websites, you can earn a few dollars to around $20 an hour with microtask websites (sometimes more!). How much you earn depends on which microtask website you choose, your skills, the time you dedicate to the task, and your efficiency. I do think it’s important to focus on higher-paying tasks to make the job worth your while.
Best Micro Task Websites To Make Money – Summary
I hope you enjoyed my article on the best microtask websites to make money.
If you’re looking to make extra money by completing micro tasks like surveys, watching videos, signing up for offers, and more, this might be a good side hustle for you.
For most of these micro job sites, most of the options are for online micro jobs, which is great if you want to work from home because you just need an internet connection and a laptop.
I have been paid for micro tasks many times over the years, and I think it can be a good, flexible way to make money from home.
Are you interested in making money with the best micro job sites?
Do you want to learn how to make $400 fast? Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more. Sometimes, you need quick…
Do you want to learn how to make $400 fast?
Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more.
Sometimes, you need quick cash, and $400 can make a big difference. Finding ways to make money fast doesn’t have to be hard and can be done in many different ways that fit your skills and schedule.
Best Ways To Make $400 Fast
Below are the best ways to make $400 fast.
1. Sell printables
Selling printables can be a great way to earn money quickly. Printables are digital products that buyers download and print at home. These can be anything from planners to party decorations to holiday cards.
The best part is you only need to create them once, and they can be sold many times.
After creating your printable, you’ll need a platform to sell it. Etsy is a popular choice because it’s easy to set up and lots of people shop there for printables. When listing your product, make sure to use good photos and detailed descriptions because this helps buyers find your printables.
I have several friends who make over $1,000 each month by selling printables, and they do it all from home! It’s a side hustle that I frequently think about starting.
You can learn more at How I Make Money Selling Printables On Etsy.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
2. Start a blog
Starting a blog can be a great way to make $400. It may not always be fast, but once you get your blog started, you may be able to make money and create new income streams.
To make money, you can place ads on your blog. You can also write sponsored posts or review products. Another way to earn is by promoting products you like through affiliate links. When someone buys a product through your link, you get a commission.
For me, I love blogging and I make over $400 a day online with my blog. I also get to work from home and have a flexible schedule, and I love it!
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
3. Answer online surveys
Taking online surveys is a simple way to make extra money. Many companies pay for your opinions to help improve their products. You can do this from home and on your own schedule.
It would take some time to make $400 by answering surveys, but it is easy and very flexible. Or, you could combine many of the side hustles on this list to reach your $400 goal faster.
The survey companies I recommend signing up for and the best paying survey sites include:
Freecash – This is one of my favorite rewards sites right now! You can get paid to take surveys, play games on your phone, and more.
American Consumer Opinion
Survey Junkie
Swagbucks
Branded Surveys
Prime Opinion
Five Surveys
User Interviews
KashKick
Pinecone Research
Many of the survey sites above give a sign-up bonus to new members and pay via free gift cards or cash to your PayPal account.
I have taken many, many surveys over the years, and I like how flexible they are to answer because you can answer them in your free time (such as when watching a TV show).
4. Sell your old phones
Got an old phone lying around? You can turn it into quick cash, many times up to (or over) $400. Many people don’t realize how much money is just sitting in their junk drawer. Phones, even ones that aren’t the latest model, can be worth quite a bit.
You can sell your old phone on:
Decluttr
eBay
Facebook Marketplace
Craigslist
And more!
You’ll want to remember to erase all your personal data before selling your phone. This is very easy, though, so don’t let it stop you from selling your phone.
5. Join Freecash
Freecash is a website where you can make money by doing fun and easy tasks on your computer or phone. When you join Freecash, you can get paid to test apps, play games, and complete surveys.
I have personally earned $722 from this site, and I have received $720 in free Amazon gift cards. $302 of that was from playing Bingo on my phone through Freecash in just one week!
Click here to sign up for Freecash for free.
6. Bookkeeping
Bookkeeping can be a way to make money from home. You don’t need a college degree to start, and many online courses offer the training needed to get going.
Bookkeepers help businesses manage their finances. This includes tracking income, expenses, and creating reports.
Many businesses, big and small, need bookkeepers. As a result, there’s always a demand for this service. With hard work and dedication, you might earn around $40,000 a year or more.
I recommend signing up for the free training – How to start a profitable bookkeeping side hustle, that can generate $2,000 to $16,000 a month (part-time)!
You can also learn more at How I Made $10,000+ Monthly With A Bookkeeping Business Online.
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This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!
7. Proofread
Proofreading is a great way to make money quickly. Many writers need an extra set of eyes to catch mistakes in their work. As a proofreader, you’ll look for grammar, punctuation, and spelling errors. This job can be done from home, and you get to choose your own hours.
You can proofread all kinds of content. This includes articles, blog posts, books, student papers, and even advertising copy.
Due to the high demand for written content, there’s always a need for proofreaders. This makes it a stable way to earn money.
You can learn more at How To Start A Proofreading Business And Make $4,000+ Monthly.
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This free training teaches you how to start a proofreading side hustle (and how to earn $1,000+ per month!), even if you are brand new and don’t have any previous proofreading experience.
8. Sell jewelry online
Selling your jewelry online can be a way to make $400 fast. If you have items like engagement rings, luxury watches, or necklaces you no longer wear, you can turn them into cash.
Start by choosing a reliable place to sell your jewelry. For example, websites like Worthy can help you sell jewelry like rings and necklaces.
You can learn more at Where To Sell Jewelry: 12 Best Places For Extra Money.
9. Affiliate marketing
Affiliate marketing is a great way to make money online and it’s one of my favorite online business ideas. You can earn commissions by promoting products and services. When someone buys through your referral link, you get a percentage of the sale.
This is my favorite way to make money, as it can all be done online. I can make money while on a vacation or sleeping, and it’s easy to share links to products that you already use and believe in.
My favorite way to do affiliate marketing is by sharing links to products on a blog. You can learn more about this at Affiliate Marketing Tips For Bloggers – Free eBook.
10. Freelance on Fiverr
Fiverr is a great way to make $400 fast by selling your skills online. You can sell services like writing, graphic design, or even voice-overs.
You can easily start freelancing by creating a free account on Fiverr. You’ll choose a username and set up your seller profile where you highlight your skills and what you can sell to clients.
Next, create your first gig. A gig is a service you provide. You can start small, with gigs priced at $5, and then increase your rates as you gain experience (yes, this means that you can earn more than $5 per service that you sell on Fiverr!).
Also, another site to look into if you want to freelance online is Upwork!
11. Pet sitting services
Pet sitting is a great way to make extra money if you love animals. Many people need help taking care of their pets when they’re at work or on vacation. This job usually involves feeding, playing with, and sometimes walking the pets.
You can start by signing up on dog walking websites and apps like Rover or Wag. These platforms connect pet sitters with pet owners. You can choose your working hours and set your rates.
We used to have a dog sitter (back when we had dogs), and we paid her $35 to watch each dog each night (she watched them in her own home). That means she was making $70 a night and we typically had her watching our dogs for 7 days or longer.
12. Sell handmade crafts on Etsy
Selling handmade crafts on Etsy is a great way to make $400 fast. You can set up your own shop and start selling right away. People love unique, handmade items, and Etsy is the place to find them.
You can sell all kinds of things on Etsy, like jewelry, woodwork, soap, and knitted items.
Etsy charges a fee for each listing and a transaction fee when you make a sale, so you’ll want to make sure to price your items to cover these costs and still make a profit.
13. Sell lawn care services
Selling lawn care services is a great way to make $400 quickly. If you have a lawn mower and some basic tools, you can sell your services to neighbors or people in your community.
Start by mowing lawns. You can charge around $30 to $50+ per lawn, depending on the size. If you mow just 8 to 10 lawns, you’ll reach $400 fast.
14. Babysit for neighbors
Babysitting is a way to make money fast. Many parents need someone to watch their kids for a few hours, so you can sell your help during weekends or evenings.
Tell your neighbors and friends that you are available to babysit, or even post in local parent Facebook groups. Let them know your rates and how they can reach you. You might be surprised by how many opportunities you get.
Babysitting rates can vary, but you can charge around $15 to $25 per hour, depending on where you live.
15. Drive for a rideshare service
One of the fastest ways to make $400 is to drive for a rideshare service like Lyft or Uber. You get paid for each trip you complete, and you can work as much or as little as you want.
To make the most money, you can focus on driving during peak hours. These are the times when people need rides the most, like mornings and evenings, making it easier for you to get more trips.
Another tip is to drive during special events or on weekends. People usually need rides for events, and requests increase, which means more money for you.
16. Sell clothes
Whenever I needed money fast, I would go through my closet and find clothes to sell. I did this a lot, especially when I was younger (and had more clothing, haha).
Selling clothes is a quick and easy way to make extra money. You probably have clothes in your closet that you don’t wear anymore. These might be items that don’t fit, are out of style, or just don’t suit you anymore. Instead of letting them take up space, you can sell them online.
There are many websites and apps where you can sell your clothes. Poshmark and ThredUp are popular choices. On Poshmark, you can create listings with photos and descriptions of your clothing. Once your item sells, you ship it to the buyer. ThredUp is more hands-off. You send your clothes to them, and they handle the selling process.
If you prefer selling in person, you can look for local consignment shops or secondhand stores. These places buy gently used clothes and resell them. You might not make as much money as selling online, but it’s fast and super easy.
You can learn more at 16 Best Places To Sell Clothes For Cash.
17. Become a virtual assistant
Becoming a virtual assistant (VA) is a great way to make $400 fast.
Virtual assistants help businesses with tasks they don’t have time for. This can include managing emails, scheduling appointments, and handling social media accounts.
You can set your own hours and work from home, which is one of the best parts of this job. Whether you want to work part-time or full-time, being a VA can give you flexibility.
As you gain experience, you can increase your rates. New VAs might start at $15 to $20 per hour, but experienced VAs can earn much more. You could make up to $50 per hour if you specialize in certain areas, for example.
You can learn more at Best Ways To Find Virtual Assistant Jobs.
18. Rent out your extra space
Renting out your extra space is a great way to make extra money.
If you have a spare room in your house, you can list it on Airbnb. Many people need short-term rentals; you can charge by the night and this can add up quickly. Another way to make money with a spare room is to find a long-term renter. Back when I had spare bedrooms, I would actually rent out each room for $400.
You can even rent out your storage space, a parking spot, and more. A site to start with for this is Neighbor.
19. Donate plasma
Donating plasma is a quick way to make some extra money. You can make around $200 a month by donating regularly. Some centers even have bonuses that can boost your earnings to $400 in your first month.
You can learn more at How To Make Money Donating Plasma.
20. Sell unwanted gift cards
Have gift cards you don’t plan to use? You can turn them into cash quickly. Many places will buy them from you and pay real money. This is an easy way to make some quick cash.
Some ways to sell gift cards include:
Raise
CardCash
CardSell
Gameflip
GiftCash
21. Join a focus group
Joining a focus group can be a great way to make money quickly. Focus groups pay you for your opinion on products, services, or ads. These groups can be either online or in person. This makes them super flexible for any schedule.
Payment varies a lot, with some focus groups paying around $20 for a quick session, while others can pay up to $400 for more detailed feedback. The amount usually depends on the length and type of study. Even a one-hour session can earn you between $50 and $100.
I once did a focus group that paid me about $400 for just 75 minutes. That’s more than what most focus groups pay, but usually, you can expect to earn between $50 to over $100 per hour. The amount you get paid depends on how long the study is and what it’s about, but there are some studies that pay more.
One focus group company that I recommend is User Interviews. User Interviews recruits participants to answer surveys and share their feedback.
22. Sell video games
Selling video games can be a quick way to make money. If you have games you no longer play, why not turn them into cash?
You can sell your old video games in ways such as:
Decluttr
eBay
Amazon Trade-In
OfferUp
Facebook Marketplace
23. Sell power washing services
Selling power washing services can help you make $400 fast. Many people need their driveways, sidewalks, and houses cleaned.
You’ll need a power washer to get started. You can buy one or rent it from a local store.
You can advertise your services on social media or in your neighborhood and create flyers and business cards to hand out.
You can charge by the hour or by the job. Typical rates can be between $50 and $100 an hour. You can clean a driveway in just a couple of hours, so you can probably easily make $400 in one weekend.
24. Tutor
Tutoring students can be a quick way to make $400. You can help kids with their homework, teach a language, or explain tough subjects like math and science. Many parents are willing to pay good money for someone who can help their children do better in school.
Online tutoring is flexible too because you can set your own hours and work from home. Websites like Tutor.com, Wyzant, and Preply are great places to start.
Tutoring can pay well too. Rates can range from $15 to $60 or more per hour, depending on the subject and your experience (for example, advanced subjects like calculus or test prep can pay even higher rates).
25. Become a freelance writer
Freelance writing is a great way to make $400 fast with an online business. You can write for blogs, websites, magazines, and companies. Since you work for yourself, you get to choose which projects to take on.
Freelance writing pays well and beginners can earn around $50 per article, but as you gain experience, you can charge more. Some experienced writers make over $1,000 per 1000-word article.
I have been a freelance writer for years and I have definitely enjoyed it. It’s a fun online job where you can work from home and choose the subjects you want to write about.
26. Sell stock photos
If you love taking pictures, you can turn that hobby into cash by selling stock photos. Many websites let you upload your images for sale.
Some popular ones include Shutterstock, Adobe Stock, and Depositphotos. People such as businesses, bloggers, and marketers buy these photos for their own use. You can earn money each time someone downloads your photo.
You might not make $400 overnight, but your earnings can add up quickly with enough photos in your portfolio.
You can learn more at 18 Ways To Get Paid To Take Pictures.
27. Rent out your car
Renting out your car can be a simple way to make extra cash. There are many platforms like Turo that let you rent your car to others.
You don’t have to do much. Just list your car, set the price, and wait for renters. These platforms handle insurance and payments, making it easier for you.
I have rented a car while on vacation on Turo several times, and I enjoyed it each time. It is an easy-to-use site!
28. Wash cars
Washing cars is a great way to make quick money.
You can start by selling your car washing services to neighbors, friends, and family. You can also make flyers and put them up around your community to let people know about your business.
29. Participate in a medical study
Participating in a medical study can be a quick way to make $400. Many research studies pay volunteers for medical research.
You can find opportunities in local hospitals, universities, and clinics.
When my husband was younger, he took part in a few medical research studies to help us make extra money. He usually earned about $1,000 for a weekend of his time. These were very in-depth, though, with lots of blood work and needles (so you may want to ask about this if that makes you squeamish).
Recommended reading: 19 Best Places To Find Paid Research Studies
30. Sell furniture
If you have any old furniture lying around, like a couch, coffee table, dresser, or dining set, then you can make quick cash by selling it.
You can start by listing your items or selling to places such as:
Facebook Marketplace
Craigslist
eBay
AptDeco
1stDibs
Consignment shops
OfferUp
Etsy
You can learn more at 15 Best Places To Sell Used Furniture For Cash.
31. Help people move
You can make $400 fast by selling moving services. People always need help moving, whether it’s across town or to a new apartment.
You can start by advertising your services on social media and local websites like Craigslist and by letting your friends and family know you are available too.
You can charge by the hour or by the job. Some movers charge $50 an hour, so you could reach your goal quickly. Make sure you have the necessary tools and equipment, such as a dolly and packing supplies.
32. Drive for a delivery service
Driving for a delivery service is a great way to make some quick cash. There are many gig economy apps like DoorDash, Instacart, Uber Eats, and Grubhub that hire drivers to deliver food and groceries. You can sign up easily and start working in a few days.
You get to pick your own hours, making it a flexible job. This means you can work in the mornings, evenings, or weekends. Plus, you can make between $12 and $20 per hour and often get tips on top of that.
33. Transcribe audio files
Transcribing audio files into text is a good way to make extra money. As a transcriptionist, you listen to audio recordings and type what you hear. This job requires good listening and typing skills.
You don’t need a lot to get started. Just a computer, internet access, and a pair of headphones will do.
Many companies pay per audio hour, not the time it takes you to transcribe. Rates can range from $15 to $30 per audio hour. Once you get the hang of it, you might earn $400 a month.
You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.
10
In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
34. Clean houses
Cleaning houses is a way to make $400 quickly.
People are always looking for help to keep their homes tidy. You can sell your cleaning services to friends, neighbors, or find clients online (you can post an ad on sites like Facebook Marketplace or Craigslist).
You don’t need much to start. Basic cleaning supplies like sponges, sprays, and rags will do, which is great.
You can charge per hour or per job. So, if you charge around $20 to $25 an hour, you can make $400 in just 2 days of work.
35. Sell your wedding dress
One quick way to make some cash is by selling your wedding dress.
You can get a good amount of money, especially if your dress is from a popular designer or in great condition.
There are several websites and stores that buy used wedding dresses. Or, if you want to sell locally, try visiting consignment shops. These stores may take your dress on consignment and pay you when it sells. Or, they might buy it outright, giving you money up front.
36. Do junk removal
Junk removal can be a quick way to make $400. Many people need help getting rid of old furniture, appliances, or just clutter. You don’t need special skills, just some muscle and a vehicle to carry the junk.
You can find work by advertising on websites like Craigslist or Facebook Marketplace. Local community boards are also good places to post your services.
You can charge by the hour or by the job. Many junk removal services charge a minimum fee of around $100 to $150 per load (and go up from there depending on weight and size). With some hard work, it’s possible to reach the $400 mark in a day or two.
37. Host a garage sale
Hosting a garage sale is one of the quickest ways to make $400, especially if you have items you no longer use.
You can start by decluttering your home and picking out things like clothes, toys, furniture, kitchen items, and electronics that are just taking up space. The average household has hundreds of thousands of things (yes, that’s not a typo!), so there’s probably something you can sell.
Once you’ve gathered your items, pick a weekend to host your sale, preferably when the weather is nice. To attract more buyers, advertise your sale on social media, local community boards, and garage sale websites.
You can even team up with neighbors or friends to increase foot traffic. By the end of the weekend, you can easily reach your $400 goal while also clearing out clutter from your home!
Frequently Asked Questions
Below are answers to common questions about how to make $400 fast.
How to make $400 dollars in one day?
You can make $400 in one day by selling more expensive items like old phones, laptops, or collectibles. If you have time to build a business, then you may want to try becoming a freelancer, such as with writing or graphic design.
How to make $400 dollars as a kid?
For kids who want to make $400, you may want to try selling handmade crafts or old toys. Yard work, pet sitting, or babysitting are great ways to earn money quickly too.
Are there any fun ways to earn $400 as an 11-year-old?
Yes, there are fun ways for an 11-year-old to make $400 fast! You can walk dogs, set up a lemonade stand, or sell baked goods. You might also like creating and selling crafts or printables with help from a parent.
How to make $400 a day online?
If you want to learn how to make $400 fast online, then selling items online is usually the fastest. You could list items from around your home, like furniture or old electronics, on Facebook Marketplace and possibly get paid the same day if you find a buyer quickly. If you want to eventually in the future make $400 in a single day online, then you could do things like blogging, freelance writing, and virtual assisting.
How to make $400 in a week?
You can make $400 in a week by selling items on sites like eBay or Facebook Marketplace. You can also look for quick gig jobs (such as on the Craigslist gigs section where they list random odd jobs like handyman gigs), do freelance work, or sell services like tutoring or lawn care.
What can I sell for $400?
You can sell old phones, laptops, furniture, jewelry, or clothes to make $400.
How To Make $400 Fast – Summary
I hope you enjoyed this article on how to make $400 fast.
Making $400 quickly is possible if you have the right plan. You can sell things you don’t need, sell your skills as a freelancer, take online surveys, and more.
There are lots of ways to reach your goal, and it’s important to pick something that works with your schedule and skills.
What do you think is the best way to make $400 fast?
Update 9/15/24: Offers are available again. Valid until 10/9/24. Hat tip to reader Joko
The Offer
Direct Link to offer
Chase is offering the following bonus on the Southwest Plus, Premier, and Priority cards:
Earn 85,000 points after you spend $3,000 on purchases in the first 3 months from account opening. This signup offer is slated to end on 6/26/2024.
Card Details
Annual fees are not waived the first year
Card earns the following rates:
2x points (3x for Premier and Priority) for every $1 you spend on Southwest Airlines purchases
2x points for every $1 you spend on Rapid Rewards hotel and car partners
2x points per $1 you spend on local transit and commuting, including rideshare
2x points per $1 you spend on internet, cable, phone services, and select streaming
1x points for every $1 you spend on everyday purchases
Get 25% back on in-flight purchases
The Plus and Premier get 2 earlybird check-ins per year
Premier and Priority earn 1,500 tier qualifying points towards A-List status for every $10,000 spent, with no limit on the amount of TQPs you can earn
The Premier personal card earns a 6,000 points anniversary bonus; the Plus earns 3,000 points anniversary bonus; the Priority earns 7,500 anniversary bonus
The Plus and Premier personal and business cards get a new benefit of 2 earlybird check-ins per year.
All cards (besides Plus personal and Plus business) earn 1,500 tier qualifying points towards A-List status for every $10,000 spent, with no limit on the amount of TQPs you can earn.
All cards (besides Performance Business) get 25% back on in-flight purchases.
Southwest credit cardholders get 10,000 Companion Pass-qualifying miles which brings down their overall miles required to get the pass from 135,000 to 125,000
Chase 5/24 rule does apply to this card
How Much Are Southwest Rapid Rewards Points Worth?
Everything You Ever Wanted To Know About The Southwest Companion Pass
Our Verdict
This is better than the 75,000 offers we often see, but this isn’t an ideal time of year for maximizing the companion pass. This offer is also showing on referrals currently as well (do not share your referrals in the comments below). We’ll add this to our list of Best Credit Card Signup Bonuses. Before applying, check out these 26 Things Everybody Should Know About Chase Credit Cards.
If you are applying for the card, please help out a fellow DoC reader by using their referral link which can be found on this dedicated post. No referral sharing in the comments below.
It’s now possible to activate all 5% category credit cards for the fourth quarter of 2024, including the Chase Freedom, Chase Freedom Flex, Discover IT, Citi Dividend, US Bank Cash+ and some smaller cards. In this post we’ll provide the activation link for each card and links to track your spend, along with strategies to help increase spend in these categories.
Dates: October 1st – December 31, 2024. Store purchases can usually be done until the last minute while online purchases should be given a buffer zone since the charge typically posts on the shipping date.
Chase Freedom – Paypal, Pet, McDonald’s
Activation Link / FAQ / Sample Stores & Exclusions / Our original post
With the Chase Freedom and Freedom Flex cards, activate to earn 5% back this quarter on up to $1,500 in spend at Paypal, McDonald’s, Pet Shops and Vet Services, Select Charities.
PayPal – Super useful category. Remember that you can use Paypal to pay taxes; give charity; pay at millions of businesses like Walmart.com, Bestbuy.com etc; and even possibly pay in-store at some locations. It’s been mentioned the possibility of using Paypal at CVS stores to get 7x on the Freedom Flex card since that card also earns 2x extra points at Drugstores. It should also be possible to send money to a friend using the Family & Friends option for a 2.9% fee.
McDonald’s – this should be 7x on the Freedom Flex card since that card always gets 2x bonus points at Restaurants
Pet Shops and Vet Services
Select Charities
Tip: Click this link (login required) to check how far you are along the $1,500.
Discover – Amazon, Target
Activation Link / Our original post
With your Discover card, activate to earn 5% back this quarter on up to $1,500 in purchases at Amazon.com and Target.
Target and Target.com – not very useful for those who have REDcard which always earns 5%. Could be useful for buying Target gift cards since those do not earn 5% on the REDcard, but will earn 5% with Discover in Q4. Target usually runs a 10% off deal on their gift cards during the Q4 holiday season.
Amazon.com – also not too useful for those with the Amazon Prime 5% card
Activate to earn 5% Cashback Bonus at Amazon.com and Target from 10/1/24 (or the date on which you activate 5%, whichever is later) through 12/31/24, on up to $1,500 in purchases. Amazon.com purchases include those made through the Amazon.com checkout, like digital downloads, Amazon Fresh orders, Amazon Local Deals, Amazon Prime subscriptions, and items sold by third party merchants through Amazon.com’s marketplace. This also includes purchases in-store at Amazon Go and Amazon Fresh. Purchases made online and in-store with Whole Foods Market are not included in the promotion. Amazon, the Amazon.com logo, the smile logo, and all related marks are trademarks of Amazon.com, Inc. or its affiliates. Target purchases include those made in-store at Target, Target.com, or through the Target app. Purchases from individual merchants and stand-alone stores within physical Target locations may not be eligible for this promotion. Purchases made online or through the Target app from Target affiliates, individual merchants, or stand-alone stores may not be eligible for this promotion, including, but not limited to, targetoptical.com and targetphoto.com. Target and the Bullseye Design are registered trademarks of Target Brands, Inc. Listed merchants are in no way sponsoring or affiliated with this program.
Tip: Login, then click this link to see you how far along the $1,500 you are.
Citi Dividend – Restaurants, Citi Travel
Landing Page | Our Original Post
With your Dividend card, activate to earn 5% back this quarter at Restaurants and on Citi Travel. Citi is different than the other cards in that you have a $6,000 annual cap rather than a $1,500 quarterly cap. You can get 5% back on up to $6,000 in this quarter, you can save the entire amount for a different quarter, or you can use part up each quarter.
Restaurants – always a useful category
Citi Travel – hotels, car rentals, and attractions (excluding air travel) booked through the Citi Travel site at CitiTravel.com or by calling 1-833-737-1288
U.S. Bank Cash+/Elan – Select your Categories
Activation link | Merchant List | Our Original Post
U.S. Bank Cash+ and Elan Max offer 5% cash back in two categories, up to $2,000 combined total per quarter. Keep in mind that Car Rentals was recently replaced with TV, Internet, and Streaming Services.
Here are the current options:
TV, Internet, and Streaming Services
Home utilities
Select clothing stores
Cell phone providers
Electronic Stores
Gyms/Fitness
Fast food
Ground Transportation
Sporting goods
Department Stores
Furniture Stores
Movie theaters
Tip: Login here, then scroll down and click on the red “View Your Cash+ History” button.
U.S. Bank Shopper – Select your Categories
Our Original Post
The U.S. Bank Shopper Cash Rewards comes with a $95 annual fee and offers 6% cashback on your first $1,500 in combined eligible purchases each quarter with two retailers you choose. Options include Amazon, Apple, Best Buy, Home Depot, Lowe’s, Walmart, Target, and many more. You must enroll each quarter for two retailers.
Bank of America Customized Cash Rewards
Our Original Post
The Cash Rewards card from Bank of America offers 3% back on one selected category, up to $2,500 per quarter. If you don’t select anything it defaults to gas. Once you selected a category for one quarter, that remains your category in the future unless you change it. Each calendar month you can change it if you’d like, but you’re always limited to $2,500 for the entire quarter.
Gas and EV charging stations (default category)
Online Shopping; this category also includes cable, streaming, internet, and phone plan
Dining
Travel
Drug Stores
Home Improvement/Furnishings
This category is especially lucrative for those who have Preferred Rewards status with Bank of America which can get you 5.25% back on one of these categories at the higher relationship level.
Lots of useful categories here. Important note: the Cash Rewards card also offers 2% back at grocery stores and wholesale clubs up to $2,500 per quarter, and that $2,500 limit combines with the Category Selection limit. After spending $2,500, you’ll earn 1% back on everything.
Other Cards with 5% Category
Nusenda FCU – Retail, Restaurants
Landing Page | Our Original Post
Earn 5% this quarter on up to $1,500 in purchases on Retail Stores, Online Retail Purchases, Restaurants
This is on top of the regular 1% for a total earn of 6% back. (apparently no longer the case)
Langley FCU – Walmart/Target, Grocery, Department
Landing Page | Our Original Post
Langley Federal Credit Union offers 5% back each month in one selected category, on up to $100 cash back total ($2,000 spend).
The category options at time of this writing: Target & Walmart, Groceries, Department Stores.
Vantage West [AZ] – Select your Category
the 5% program is ending on October 1st.
Landing Page | Our Original Post
Safe Credit Union [CA] – Various
Landing Page | Our Original Post
Safe Credit Union Cash Rewards Visa card offers 5% this quarter on your choice of one category each quarter (with no apparent limit). This quarter the categories are:
Buying a house is a major step, and planning to purchase a home can be a lot of fun. You get to figure out where you’d hang your favorite artwork, plant a vegetable garden, put the PlayStation — and maybe contemplate taking on some DIY projects yourself.
But there’s another, more nuts-and-bolts aspect to your pursuit of the American Dream: how to budget for a house. Most people in the U.S. are homeowners, with the latest Census data revealing that 65.6% had attained this status in the second quarter of 2024. So that’s a good indicator that buying your own home is within reach.
Doing so will likely require you to be smart about your finances, both as you save and then take on the responsibility of owning a home. To help you be successful in this pursuit, read on for the intel you need, such as:
• How do I know how much house I can afford?
• What are the costs/fees to consider?
• What will my ongoing costs be?
• How can I budget for a house?
Up-front Expenses
First, consider how much you would have to fork over if you find that perfect center-hall Colonial or loft-style condo. Once an offer on a new home is accepted, there are certain costs the buyer needs to pay right off the bat and, in most cases, out of their own pocket. These are called up-front expenses. Here are a few to prepare for as you consider how to budget for a house:
Down Payment
You may have heard of the traditional 20% down payment guideline, which helps you avoid paying private mortgage insurance (PMI) on applicable loan programs. Additionally, a higher down payment can sometimes result in better mortgage loan terms (such as a lower interest rate) which may translate into lower monthly mortgage payments.
Yep, it’s a lot of money to try to save, but if you can swing it, in the long run, applying a 20% down payment will likely save you from paying thousands of dollars in additional mortgage interest over the life of the loan. Can’t pull together that big a chunk of change? Look into your options for a mortgage lender with lower or no down payment. Some options:
• The minimum down payment for a first-time homebuyer on a conventional loan can be as low as 3%. You may also need a certain credit score of, say, 620, to qualify for this kind of mortgage.
• An FHA government loan that is open to everyone typically requires a down payment of at least 3.5%.
• Veteran VA loans or government USDA loans may allow eligible borrowers to finance up to 100% of their home’s cost. In other words, no down payment is required.
It’s worth noting that, regardless of the size of your down payment, buying may still significantly reduce your overall monthly expenses, compared to your current rent and real-estate market conditions.
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3% to 5% Closing Costs
You can likely expect to pay an estimated 3% to 5% of your home price for closing costs, and should save accordingly. For example, if you buy a home that costs $300,000, you may be required to pay between $9,000 and $15,000 in closing costs.
Worth noting: Some costs are fixed and not tied to the price. In these cases, the percentage can be higher for the lower range and lower for the higher purchase price range.
What exactly comprises closing costs? This can be bank charges like origination fees and any points you may have purchased to buy down your interest rate. There are also costs like the appraisal fee, a title search, and others.
Keep in mind that there are alternatives to paying the closing costs out-of-pocket, such as requesting a seller credit, requesting a lender credit, or tapping an applicable down payment assistance program. These can help you minimize this expense.
Moving Costs
Don’t forget when budgeting for buying a house that you will need funds to actually move in. Unless you’re lucky enough to have a generous pal with a van, you are probably going to have to hire a moving company when it’s time to get settled in your new home. The average cost of moving the contents of a three-bedroom home 1,000 miles is $4,800 according to research by U.S. News & World Report.
These costs can vary widely, of course. If you are moving with just a bedroom’s worth of furniture versus a whole house, your price tag will be lower. It’s wise to comparison-shop for moving companies and factor this expense into your own budgeting for a home move.
If you are moving for work reasons, check with your company to see if it offers a relocation package to help cover some or all of the moving costs.
New Furniture and Appliances
Your new house may not have the same dimensions and style of your old house. That could mean that you need to buy new furniture and appliances. When budgeting for buying a house, you might want to talk to friends or relatives who have moved recently and inquire about unexpected expenses as well. For example, it’s not uncommon when you move to have to purchase such items as new locks, shower rods, and window treatments. These can add up quickly.
You might want to start a savings account for these types of purchases — some of them may be unexpected and costlier than you imagined.
Recommended: First-Time Homebuyer Guide
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
Ongoing Expenses
Now that you’ve figured out the details related to the actual purchase, consider the expenses that will accrue once you are a homeowner. This is a very important step when budgeting for buying a house. These recurring charges are a vital part of the calculations of how much home you can afford.
Monthly Charges
First, consider how much you’ll be spending every month on your monthly mortgage payment and related costs. PITIA (principal, interest, property taxes, homeowners insurance, and other assessments) is an acronym describing all the components of a mortgage payment. Here’s how it breaks down:
• P: The principal is the “meat” of the monthly payment amount — paying down the principal will reduce the loan balance.
• I: Interest is what you are charged for borrowing the money.
• T: Taxes refer to your property taxes.
• I: This “I” refers to insurance. This includes both your homeowners and mortgage insurance, if applicable.
• A: The other assessments refer to things that may be applicable to the home you purchase such as homeowners association dues, flood or earthquake insurance, and more.
HOA Dues
HOA stands for homeowners association. These dues usually apply to a condo, co-op, or property owned in a planned community.
The charge is usually monthly (but it could also be charged quarterly or annually), and it typically goes to maintaining the community (landscaping, garbage collection, repairs, and upgrades).
Before purchasing a property with HOA dues, it can be important to ask the Homeowners Association for a complete HOA questionnaire. With this in hand, you can view how healthy the association is, whether there is any outstanding litigation due to structural or other issues, etc. These could mean increased costs down the road.
Maintenance and Lawn Care
Your budgeting probably won’t stop once you’ve moved and settled into your new home. Expenses will likely continue to knock on your door — landscaping, roof repair, and water heater replacement are just a few items that might require ongoing financial consideration.
You may want to budget for 1% to 4% of the cost of your home in maintenance each year to pay for these expenses. However, deferred maintenance costs may require more funding, depending on the age, quality of construction, where you live, and more.
Pest Control, Security, Utilities
The cost of electricity, gas, water, and internet services differ from market to market. This is also true with pest control, and services that help ensure your home is secure and safe. You could find yourself paying more (or even less) for these services in your new home.
How Much House Can You Afford Quiz
Planning Ahead
So now that you understand the costs associated with homeownership, whether they are one-time or ongoing, you can get to work on how to budget for a house.
Ideally, you want to cover the homebuying costs and then be able to afford your monthly carrying costs without racking up debt. The standard advice is that your monthly housing expenses should account for up to 28% of your monthly pre-tax income. Given how expensive some housing markets can be, it’s not uncommon to find people spending more than that right now.
Here, some advice on figuring out what you can afford.
Target Mortgage Costs
Do your research on the different types of mortgage loan programs. Determine what your price range is given the current interest rates. Find the programs that may best suit you, so you’ll feel confident you can bid and afford a home once you have your down payment saved. Don’t forget to factor in those other PITIA expenses mentioned above as you think about your own monthly income and cash outflow when you’re a homeowner.
Build a Budget
Once you have these costs calculated, you can then start budgeting for buying a house. You’ll want to accumulate your down payment, while taking care of current bills and other financial obligations, of course.
• Create a line item budget. You’ll want to note how much money you have coming in and how much goes out toward your needs (housing, food, medical expenses, debt repayment). Then you’ll see what’s left for your wants (think travel, dining out, clothes, entertainment) and start saving it, whether for your future home or retirement.
Don’t skimp, though, on establishing an emergency fund. In a pinch, these funds can keep you from using your credit card and running up even more debt.
• Assess where you can save more. To ramp up your savings for your house, look for ways to economize. Could you drop a subscription or two to streaming channels, or perhaps eat out less often?
Also see what you can do to avoid high-interest credit card debt, which can take a bite out of anyone’s budget. You might want to take advantage of a zero-interest balance transfer credit card offer, or investigate whether a lower-interest personal loan could help you pay off your debt and save money.
• Use automatic transfers. Help yourself hit your savings goals by automating payday transfers from checking to savings. That way, you won’t see the cash in your account and be tempted to spend more.
• Bring in more moolah. If the numbers aren’t adding up to bring your homebuying plans within reach fast enough, consider using windfalls (a tax refund, a bonus at work, a birthday gift of cash from a relative) to plump up your savings. Also think about ways to bring in more income, whether by asking for a raise or pursuing a side hustle.
The Takeaway
Budgeting for buying a house requires thinking about both short-term costs, such as a down payment, closing costs, and moving expenses, as well as long-term costs such as homeowner’s insurance and maintenance expenses. It’s wise to look at both before you pursue a mortgage preapproval or make an offer on a home.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
How much money should you save before buying a house?
If possible, you should save enough money for a down payment on a house in the price range you’re thinking about. But you don’t need to make a 20% down payment — many homebuyers put down less, and some government programs will allow you to buy with no down payment at all. You’ll also want to have closing costs on hand (3% to 6% of the home’s price). And it’s wise to always have an emergency fund in case of an unexpected setback.
How much do I need to earn to afford a house?
How much you need to earn to afford a house depends on the housing market you’re looking in and the area’s overall cost of living. The national average salary is $63,795 and at that salary you may be able to afford a home priced at $180,000. Use a home affordability calculator to explore the numbers for your specific 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.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.