Can I Afford to Have a Hot Girl Summer?

Save more, spend smarter, and make your money go further

After a year spent indoors, everyone wants to have a hot girl summer in 2021. But when your financial situation is still recovering from the pandemic, can you really afford to?

Whether you’re struggling to get by or just looking to save a few bucks, use these tips to go big this summer – without going over budget.

Cash in rewards points

Millions of Americans stocked up on toilet paper, hand sanitizer, and disinfectants during the pandemic. But many consumers inadvertently hoarded another item: credit card rewards points.

If you’re planning to reunite with high school friends or travel to a bachelorette party, cash in your points and miles to save on the trip. If you had to cancel a vacation due to the pandemic, redeem any remaining travel credit.

If you have more rewards points than you need, you may be able to redeem them for cash or as a statement credit on your card, which you can then use toward your trip.

Don’t have any rewards cards? Now may be a good time to sign up. Chase is currently offering a 100,000-point bonus for new cardholders who apply for the Chase Sapphire Preferred card, or a 60,000-point bonus for the Chase Sapphire Reserve card. Depending on where you’re going, that’s enough for a couple of flights or hotel stays.

Invite friends over for a swap

My new favorite tradition with friends is to host a swap. Everyone brings items they no longer need, and we take turns picking new-to-us items. Last time I got three dresses, a pair of Madewell overalls, a curling iron, and a dog bed.

You’re not limited to clothes at a swap. I encourage my friends to bring anything, including books, kitchenware, makeup and home decor. It’s a free way to get new items, and it encourages you to declutter your house.

Drink like a college student

Back in college, most people would have a couple drinks at home before venturing to the bars. If you’re going out with friends, consider starting with a drink or two at home.

Another money-saving trick is to eat a full meal before you go out, so you’re not tempted to grab pricey appetizers. If you’re getting drinks with your friends, limit yourself to basic cocktails instead of specialty cocktails, or stick to the draft list instead of buying a fancy bottle.

Create rules for yourself

Now that the world is opening up, it’s tempting to throw your budget away and treat yourself to everything you missed during the pandemic. Before doing that, set up some ground rules to keep yourself from going overboard.

For example, make a rule that if you’re getting dinner or brunch with friends, you won’t get take-out that week. These basic rules will help you spend less without having to give up what really matters.

Use a cash budget

Instead of bringing your credit card with you on a night out, only take the amount of cash you want to spend. You can still use your phone to order an Uber or Lyft, but you won’t have the temptation of a credit card. Decide how much you’re comfortable spending and only bring that amount.

Join a sports league

Group sports leagues like softball, soccer, or kickball are one of the most affordable ways to hang out with friends and get some exercise at the same time.

Most group leagues cost between $50 and $75 a person, depending on the sport, and usually last around six weeks. Sometimes you’ll even get a discount at a local bar where you can hang out afterwards.

Plan a budget-friendly trip

For the past few years, my college friends and I have met up every summer at my in-law’s lake house. The house is located near a small town in Indiana, only a few hour’s drive for most of us.

Instead of picking a more exotic locale, we prioritize saving money. It’s free to stay there, and we split the cost of groceries. I usually spend about $100 on gas, food, and drinks for a three-day trip.

If you’re considering a getaway with friends, get creative. Don’t automatically book a trip to Vegas or Miami. Pick a spot that’s close enough to drive, or near a popular airport where flights will be less expensive.

If you’re not lucky enough to have access to a family vacation home, look on Airbnb and VRBO for affordable destinations. Find a house with a stocked kitchen so you can cook most of your meals.

Pro tip: Use Mint’s free travel budget calculator to help you plan your next adventure.

Budget for it

When the world shut down last year, most of us got used to spending less on gas, bars, and new clothes. But as things start to open up, you may find your spending ramping back up.

Use this time to revise your budget and allocate money toward restaurants, rideshare services, and new outfits. As things return to normal, you may have to change your budget a few times before finding a happy balance. Give yourself some grace, as circumstances may change rapidly.

If you find budgeting for one month at a time difficult, give yourself a weekly allowance to use for non-essential purchases. Redirect some of your pandemic habits, like ordering take-out a few times a week, to your rediscovered social habits, like getting dinner with your friends.

Talk to your friends

While some consumers survived the pandemic without getting laid off, millions of Americans lost their jobs and remained unemployed for months. So while your friends may be ready to party, you might be focused on rebuilding your savings.

If you suffered financially during the pandemic, you may not be able to keep up with your friends this summer. Even though it may seem awkward to discuss your money problems openly, it’s better than making excuses.

If you lie about why you can’t hang out, your friends will think you’re avoiding them. But if you’re honest, they may accommodate you by suggesting budget-friendly activities. Give them the chance to understand, even if it means having an uncomfortable conversation. Who knows – one of them might be struggling as well, but too afraid to speak up.

Save more, spend smarter, and make your money go further

Zina Kumok

Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. Read about how she paid off $28,000 worth of student loans in three years at Conscious Coins. More from Zina Kumok

Source: mint.intuit.com

Not Bad! ‘Cash me Outside’ girl Bhad Bhabie is the proud new owner of this $6.1M Florida mansion

For Danielle Bregoli, a.k.a. Bhad Bhabie, her fifteen minutes of fame have proven to be extremely lucrative.  

When the Florida native appeared on an episode of Dr. Phil as a ‘difficult’ teen daughter, she became a viral sensation — and she’s been laughing all the way to the bank ever since.

Six years after her television debut, she’s a recording artist and social media influencer with an estimated net worth of $20 million.

close-up of Bhad Bhabie
 American social media star and rapper Danielle Bregoli aka Bhad Bhabie. Photo credit: Carlos Darder courtesy of the star’s publicist.

And she’s been investing some of her fortune in the Florida real estate market. 

Here’s the full scoop on the ‘cash me outside’ girl’s budding real estate portfolio — recently grown by the addition of a stunning $6.1 million Florida mansion.

Who exactly is Bhad Bhabie? And what did she say?

In 2016, Bhad’s mother Barbara Ann pleaded to her daughter on Dr. Phil in a segment titled, “I Want to Give Up My Car-Stealing, Knife-Wielding, Twerking 13-Year-Old Daughter Who Tried to Frame Me for a Crime.” 

Then named Danielle, the 13-year-old grew irritated by the audience laughing at her teenage antics, and she addressed them with a saying that would make her millions: “Cash me ousside, how bout dah.”

Translation: “Catch me outside, how about that,” meaning let’s take this outside the studio and engage in a physical fight.

Soon after the segment, “Cash me ousside, how bout dah” became a viral meme, and Danielle became known as the “‘Cash Me Outside’ Girl.”

As the catchphrase grew, the clip was recorded by DJ Suede The Remix God and entered in the Billboard Hot 100, Streaming Songs and Hot R&B/Hip-Hop Songs charts.

From there, the song led to a series of dance videos that were uploaded onto YouTube and she was nominated for the 2017 MTV Movie & TV Awards in the “Trending” category based on the catchphrase. 

Living the American dream

It pays off to be a teen with attitude (and poor pronunciation).

That trending catchphrase was the start of a multi-million dollar online career for the now 19-year-old.

Bhad Bhabie in front of her new house with her luxurious car, a Bentley Flying Spur worth over $200k.
Bhad Bhabie in front of her new house with her luxurious ride, a Bentley Flying Spur worth over $200k. Photo courtesy of the star’s publicist.

In early 2017, Danielle was signed by music manager Adam Kluger and she released her first single These Heaux (pronounced hoes) in August.

Reaching number 77 on the Billboard Hot 100, the single made her the youngest female rap artist to debut on the music chart.

From the success of These Heaux, Atlantic Records signed Danielle to a multi-album recording contract. 

Meanwhile, she changed her name and her social media presence was increasing at a rapid rate.

From her Snapchat reality show Bringing up Bhabie, to her extremely successful OnlyFans account, to launching her own record label, Bhad Bhabie has earned millions in brand deals with online retailers such as Fashion Nova and CopyCat Beauty.

And worldwide, her music has been streamed over 1.5 billion times. 

Not bad, Bhad Bhabie!

Bhad Bhabie’s new house & budding real estate portfolio

Bhad Bhabie is proving to be much more than the ‘cash me outside’ girl.

As it turns out, she’s pretty good at managing (and investing) her money.

Exterior of Bhad Bhabie's house in Boca Raton, Florida
Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.

While she leases a mansion in Los Angeles, she is the owner of two homes in Boca Raton, Fla.

Currently, she owns a five-bedroom, seven-bathroom estate that is on the market for $3.67 million, New York Post reports.

And in March 2022, she coughed up some serious cash for her latest luxurious home in the same upscale Florida neighborhood.

the living room inside Bhad Bhabie's house
The living area in Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.
Dining area of Bhad Bhabie's house in Boca Raton, Florida.
Dining area of Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.
The ultra-luxurious kitchen inside Bhad Bhabie's house in Boca Raton, Florida.
The ultra-luxurious kitchen inside Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.
Every successful self-made woman needs a perfectly appointed home office, and Bhad Bhabie's is flawless.
Every successful self-made woman needs a perfectly appointed home office, and Bhad Bhabie’s is flawless. Photo courtesy of her publicist.

Shelling out a whopping $6.1 million in cash, the 19-year-old internet sensation is the mortgage-free owner of an ultra luxe mansion in one of the swankiest ‘hoods in the sunshine state.

Spanning 9,288 square feet, the dope digs include seven bedrooms and seven bathrooms.

The primary bedroom inside Bhad Bhabie's house in Boca Raton, Florida.
The primary bedroom inside Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.
Elegant bathroom with seating area and walk-in shower.
Elegant bathroom with seating area and walk-in shower. Photo courtesy of the star’s publicist.
The generous walk-in closet inside Bhad Bhabie's house in Boca Raton, Florida.
The generous walk-in closet inside Bhad Bhabie’s house in Boca Raton, Florida. Photo courtesy of her publicist.

Built in 1983, the “modern 2020 completely redone estate” is located in a gated Palm Beach County community on an acre of land,  New York Post reports.

Bhad Bhabie’s house features a two-story guest house, hurricane impact windows and porcelain tiles throughout.

The eat-in chef’s kitchen offers a walk-in pantry and top-of-the-line appliances, and the primary bedroom boasts three large walk-in closets and an outside Jacuzzi area.

Some of  the other luxurious amenities in the smart home include a billiard/club room, a dry sauna, a wine storage space, a stunning outdoor pool and a five-car garage.

The pool area of Bhad Bhabie's new house.
The pool area of Bhad Bhabie’s new house. Photo courtesy of her publicist.

How Bhad Bhabie customized her house to suit her perfectly

And the rising young star has truly made it her own.

When decorating her new million-dollar abode, Bhad Bhabie put her love of luxury brand Channel on full display, draping her massive bed in fashionable bedding, and stocking her ultra-generous closet space with bags and luxury accessories from the same leading brand.

Inside Bhad Bhabie's ultra-stylish Chanel-branded bedroom.
Inside Bhad Bhabie’s ultra-stylish Chanel-branded bedroom. Photo courtesy of her publicist.
Inside Bhad Bhabie's ultra-stylish Chanel-branded bedroom.
Inside Bhad Bhabie’s ultra-stylish Chanel-branded bedroom. Photo courtesy of her publicist.
bhad bhabie's closet full of chanel bags
The social media star/rapper has lined up her impressive luxury bag collection in the generous walk-in closet of her new mansion. Photo courtesy of the star’s publicist.

Taking advantage of the many parking spaces on the premises, she lined up her collection of luxury cars in front of her newly purchased manse.

The Sun reports that Bhad Bhabie has an impressive $450,000 car collection including a Bentley Flying Spur and luxury Jeep Grand Cherokee. She started collecting luxury cars since she was 14 years old, with the first upscale piece — a white Porsche Panamera 4S Hybrid — costing her a cool $90,000.

A photo of Bhad Bhabie and her impressive luxury car collection.
A photo of Bhad Bhabie and her impressive luxury car collection. Photo courtesy of the star’s publicist.

Now, if the budding star will be growing her real estate portfolio in the same way she’s been adding to her car collection, we expect to continue writing about her new purchases for years to come. And we’re here for it!

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Source: fancypantshomes.com

Historic Old Hollywood Charm: See Inside Vanessa Hudgens’ Luxurious Los Feliz Estate

After searching for five years, Vanessa Hudgens found the perfect Georgian colonial estate in Los Feliz, Calif. to call home. Find out how the High School Musical star transported an old Hollywood home into her “French” and “vibey” dream house.

Nicknamed “The Little DeMille,” iconic Hollywood filmmaker Cecil B. DeMille built the stunning Los Feliz house for his mistress in 1922.

And now, the Princess Switch star, 32, is opening up the doors of the updated home to Architectural Digest for an exclusive tour.

From her DIY remodel in the kitchen, to her “obsession” with candlesticks and vintage books, to the “sexy” and “cave-like” bathroom, here’s the full scoop on Vanessa Hudgens’ luxe Los Angeles home.

An historic Hollywood home transformed into the perfect “escape” 

According to Daily Mail, Hudgens purchased the luxurious Los Feliz home from Academy Award-winning actor Gary Oldman. After a 5-year house hunt, Hudgens bought the home in December 2018 for just under $5 million. 

The 3,168 square foot Georgian colonial home retains many of its original features. 

Sitting on a half-acre, the stunning estate includes three bedrooms and four bathrooms with a separate one-bed, one-bath guesthouse that sits over a detached two-car garage.

Nestled in the Hollywood Hills, the historic Los Feliz home provides the perfect escape for the Tick, Tick…Boom! actress. 

“There were so many things about it that struck me,” Hudgens tells AD of her plush property.

She adds: “Walking through the gate and seeing this house covered in ivy, surrounded by olive trees, it was like I had been transported to France or Italy. It felt like such an escape.”

ivy-covered entrance to vanessa hudgens' house
Photo credit: Jenna Peffley for Architectural Digest

Sisters unite! Ashley Tisdale helped Hudgens with the DIY decor

BFF to the rescue!

While Hudgens always “wanted an old home,” there’s no escaping the upkeep and renovations with an older building.

After purchasing the house three years ago, Hudgens enlisted the help of her High School Musical costar and good pal Ashley Tisdale. 

“I got new marble, painted the cabinets, got new knobs and drawer pulls—I really wanted brass. My girlfriend Ashley Tisdale does interior design, and I got her advice on where to shop,” Hudgens says.

vanessa hudgens' lively kitchen
Photo credit: Jenna Peffley for Architectural Digest

Hudgens also hired Jake Arnold to help bring her overall vision together, including a vast collection of vintage books, colorful art pieces, the perfect lighting for all her house plants, and a wide selection of candlesticks. 

“I wanted it to be casual, relaxed and cozy,” she says of the interior design, adding, “I’m a big fan of candlesticks, so you will notice them everywhere.”

The luxe Los Feliz pad also has this “big selling point”

Amid the big plants, abstract art and witchy books, Hudgens couldn’t help but gush about the home’s fabulous floors.

“Oh and the floors!” she boasts.

The herringbone wood parquets “were a big selling point for me when I saw this house,” she shares. 

Made from 18th-century French oak taken from an old chapel in Europe, the floors were originally added by Oldman. 

exterior of vanessa hudgens' house and the outdoor pool
Photo credit: Jenna Peffley for Architectural Digest

Hudgens took on a pandemic project to improve her new home

Admitting that her kitchen looked “very different” when she moved in, the Powerless star remodeled it during the pandemic.

“I took it upon myself to have a project, and put it all together,” Hudgens says of the DIY project.

“I painted the cabinets, removed some cabinets, and put big oak beams for open shelving,” shares the actress.

kitchen cabinets revamped by actress vanessa hudgens herself
Photo credit: Jenna Peffley for Architectural Digest

Including eccentric wallpaper featuring mushrooms and dragons, Hudgens decorated the breakfast nook with designs from the House of Hackney.

“I figured, Why not? I did what I like to call a facelift to it,” Hudgens says of her kitchen renovations. 

The funky wallpaper rests above a custom booth, inspired from “the dopest place ever.”

“I had the booth made for this space,” says Hudgens. “I was really inspired by the restaurant Maison Premiere, this absinthe and oyster bar in New York. It’s the dopest place ever.”

The actress also added extra tile, made of Carrara marble, from the primary bath for the backsplash.

A look at the romantic, the sexy and the cave-like features throughout the plush property 

Hudgens invites fans into her “romantic” dining room, which features an Italian chandelier from 1stdibs. 

Admitting she doesn’t cook often, Hudgens says, “I’m normally a ‘Let’s get everyone over, have a drink or two, put on a playlist, and then we all figure out what we want to eat and I just order it’ type of host.”

Heading upstairs, the Grease: Live star shows off her bedroom that features feminine art and pops of orange.

“For some reason I just really fell in love with the idea of orange for my bedroom,” she shares.

Hudgens is all about body-positivity, and shows fans a nude painting in her bedroom. “I wanted the house to be super feminine, to celebrate women’s bodies, to be a kind of femme palace,” Hudgens says.

When in California, enjoy the sunshine! The beautiful backyard features a pool, pizza oven, fire pit and plenty of outdoor space for entertaining.

“I wanted a yard that felt like a park where I could run around with my friends, have space to play, and just feel safe,” Hudgens shares.

Saving the best for last, Hudgens shows off her Goth black bathroom which is one of her “favorite places in the house.”

actress vanessa hudgens inside her bathroom in her los feliz house
Photo credit: Jenna Peffley for Architectural Digest

Featuring marble countertops, black walls and an egg-shaped tub, Hudgens went for a cave-like aesthetic in the primary bathroom. 

“The bathroom is a sexy cave,” shares the actress.

See the luxurious LA home for yourself! From the ivy exterior, to the poolside murals, to the various Teen Choice Awards and the ghost-like painting of herself, check out the YouTube video for a full tour with the High School Musical star.

More celebrity homes

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Source: fancypantshomes.com

Joe Rogan’s Real Estate Experience: Living a Luxurious Lake Life in Austin, Texas

Podcasting has its privileges. After sealing a deal for over $100 million with Spotify, Joe Rogan has become the most popular — and best paid — podcaster on earth. 

The Joe Rogan Experience host first rose to fame in the 1990s sitcom NewsRadio and went on to host stunt/dare game show Fear Factor, followed by forays into martial arts, where he is a renowned commentator for the UFC.

And while nowadays his name is tied to his immensely popular podcast (which was the most popular podcast in the U.S. for much of 2020 and 2021, reaching an estimate 11 million people per episode), the former Fear Factor host has had an extensive stand-up comedy career, which he started in back 1988 and continues to the present day.

Cashing in his podcasting pennies, Joe and his family recently took up residence in a multi-million dollar mansion. Below you’ll find all the details we could find about the Rogans’ $14.4 million property in Austin, Texas.

Joe Rogan’s house upgrade from California to Texas

The Joe Rogan Experience host, 54, and his family-of-five became part of the “mass exodus out of California” due to the Golden State’s lockdown rates and COVID-19 responses, lack of rain, homelessness epidemic, overpopulation and increased taxes.

According to the father-of-three, the Lone Star State — and the multi-million dollar dream house he found there — is a far more appealing alternative and the perfect place to call home.

While his 7,500 square foot home in California was cozy, the comedian recently moved his family into a much larger estate in Austin, Texas. 

path leading to Joe Rogan's house
Joe Rogan’s new house in Austin, Texas. Image credit: Peter Vitale via Benjamin Wood

Rogan’s house in Austin, Texas is one of the most exclusive properties in the area, and puts the podcaster in proximity to some other well-known celebrities that reside in the state’s capital — including Supernatural actor Jensen Ackles, who also lives in a lovely lake house in Austin.

Reportedly worth four times more than his home in California, Joe purchased the Texas estate for $14.4 million.

Nestled in the outskirts of Austin, the massive spread is outside the chaos of the city, but close enough for the everyday conveniences.

With A-list neighbors such as billionaire John Paul DeJoria and Academy Award-winning actress Sandra Bullock, the podcast king created his castle in this southern slice of heaven.

Inside Joe Rogan’s Austin home, a million-dollar home fit for the world’s leading podcaster

Purchased in an off-the-market deal, Joe and his family-of-five recently moved into their lakeside home in the second half of 2020.

Although not many details have been leaked online about their sprawling new digs, it seems that Joe and his wife Jessica have plenty of room for their three daughters: Lola, 12, Rosy, 11, and 24-year-old Kayja Rose. 

According to Dirt, the massive lakeside mansion boasts 10,980 square feet and features 8 bedrooms and 10 bathrooms. 

the entrance to Joe Rogan's house in Austin, TX
Stepping inside Joe Rogan’s Austin house. Image credit: Peter Vitale via Benjamin Wood
Joe Rogan’s new house comes with floor-to-ceiling glass walls that open up to mesmerizing lake views. Image credit: Peter Vitale via Benjamin Wood

Located on Lake Austin, the Tuscan-style estate was built in 2006 and listed for $7.25 in 2015. 

According to Work and Money, designer Benjamin Wood and his philanthropist wife Theresa Castellano Wood are the former owners of the elegant abode.

They’re also the ones who added the Asian-inspired and modern upgrades, which add a wow factor to the already-impressive home.

Rogan’s house includes an open floorplan with the dining room, living room and library all sharing one space. Painted deep blue, this shared living space is accented by rustic wooden pillars and light wood feature walls. 

living room with floor-to-ceiling walls of glass inside Joe Rogan's house in Austin, TX
The main living area has an open floorplan that combines the dining room, living room and library. Image credit: Peter Vitale via Benjamin Wood
The living area is accented by dark blue walls and dramatic furnishings. Image credit: Peter Vitale via Benjamin Wood
The statement piece in Joe Rogan’s house in Texas is a floor-to-ceiling built-in library. Image credit: Peter Vitale via Benjamin Wood

With rustic farmhouse vibes, the beautifully open kitchen includes two islands, antique cabinets and plenty of room for Joe’s favorite wild meat meals. 

With floor-to-ceiling glass walls, the family-of-five can couch-it while glancing out at the four acres of spectacular views on their private property.

The kitchen inside Joe Rogan’s Austin house comes with antique cabinetry and two kitchen islands. Image credit: Peter Vitale via Benjamin Wood
The inviting kitchen boasts a rustic farmhouse vibe, complemented by stylish finishes and large windows. Image credit: Peter Vitale via Benjamin Wood

Of course, the UFC commentator has a customized home gym with all the bells and whistles. And did we mention his fully-equipped podcast room?

The lakeside mansion features a large back porch and deck, alongside an impressive mezzanine featuring a large Buddha statue. With over 300 feet of water frontage, the Rogans are sure to enjoy the property’s party deck on Lake Austin.

After their lake adventures, Joe and his family can jump in the outdoor pool which includes a stonework patio and plenty of shade for those hot Texas summers. 

The house Joe Rogan left behind

In 2003, Joe and wife Jessica purchased their Bell Canyon, Calif. home for $2.33 million. After living there for 17 years, the Rogans made a handsome $1.12 million profit when they sold it for $3.45 million in March 2021.

Joe Rogan’s former home in Bell Canyon, California, which he sold for $3.45 million. Image credit: Realtor.com

With 7,500 square feet and 5 bedrooms, the family home included 5 bathrooms and 2.14 acres of outdoor space. Their former California home featured a pool and backyard deck, but nothing in comparison to their palatial Austin estate.

For now, Joe Rogan’s experience seems to be fit for a king. From the overpopulation of the Golden State to the laid back vibes of the Lone Star State, it seems like Joe’s choices in terms of real estate went from lovely to luxurious.

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Source: fancypantshomes.com

Marilyn Monroe’s Former Penthouse in West Hollywood Lists for $2.49 Million

Here’s a slice of old Hollywood charm at its finest: a West Hollywood penthouse that was once home to Marilyn Monroe has just resurfaced on the market.

The actress, who rose to fame playing comedic “blonde bombshell” characters — which propelled her to become one of the most popular sex symbols of the 1950s and early 1960s — moved into the two-story penthouse in the mid-50s, at the height of her success.

Marilyn called many places home over the years. In fact, sources say that Monroe lived in over 43 separate residences over the years.

From high-end hotels to small apartments and sprawling Spanish-style mansions, to a brief stint living in Frank Sinatra’s guest house, or taking an extended (and somewhat controversial) stay at Bing Crosby’s Rancho Mirage estate, Marilyn Monroe moved around quite a few times before settling on a place of her own.

In 1954, the Monkey Business actress moved into a two-level penthouse at the Granville Towers, which sources say was her final apartment before she bought her Brentwood estate — which was the only property Marilyn ever owned.

After splitting from her second husband, New York Yankees star Joe DiMaggio, Monroe moved into her seventh (and last) apartment in West Hollywood. For about a year, the model-actress set up residence in the luxurious condo that has just been listed for $2.49 million. 

Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency

And Monroe may have not been the only famous “blonde bombshell” to live in the two-story apartment. A Los Angeles Times story from three years ago also identified Portia de Rossi as a former resident.

A stylish residence set in a star-studded building

Oozing old Hollywood charm, the posh penthouse is located in one of the most spectacular buildings in West Hollywood.

Image credit: The Luxury Level courtesy of The Agency

Set on the top floor of Granville Towers, a 1930s French Normandy-style Hollywood classic, Monroe’s former abode boasts gorgeous architectural elements such as vaulted ceilings and floor-to-ceiling skylight windows.

Located at the corner of Sunset Boulevard and Crescent Heights, the 2,032-square-foot apartment offers sweeping views of the city and mountains.

Featuring two bedrooms and two bathrooms, a stunning circular staircase connects the two levels of luxurious living space. 

circular staircase in Marilyn Monroe's former West Hollywood condo
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency
Image credit: The Luxury Level courtesy of The Agency

The elegant interiors include glistening hardwood floors, spa-like bathrooms and built-in window seats.

The kitchen boasts Venetian plaster, steel cabinetry and Viking appliances, and the formal dining room includes a jaw-dropping chandelier.

While the location is prime, the amenities are just as impressive. With a 24-hour doorman always on duty, the old Hollywood building includes a beautiful courtyard and garden, a clubhouse, outdoor pool and spa. 

Image credit: The Luxury Level courtesy of The Agency

Marilyn was by no means to only high-profile celebrity to call the West Hollywood building home.

A celebrity favorite, Granville Towers has attracted many A-listers in its almost century-long existence. In recent years, celebrities like Nicole Scherzinger, Ashley Greene, Mickey Rourke, Brendan Fraser, or David Bowie have all lived in the posh building.

Listed by Amanda Lynn, Gina Michelle and George Ouzounian of The Agency, Marilyn Monroe’s former home is almost a collectible for die-hard fans of old Hollywood. 

More celebrity homes you might like

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The Story of Taylor Swift’s Holiday House — Home to “the Last Great American Dynasty”
The Iconic Beverly House: where Jackie O & JFK Honeymooned, ‘The Bodyguard’ was Filmed, and where Beyonce Shot ‘Black is King’

Source: fancypantshomes.com

25 Must-Follow Tips When Moving To a Different State

This moving checklist will make crossing state lines a breeze.

Moving is always annoying but much easier when you’re moving just a few blocks away. But moving out of state? That’s a whole different ballgame. There are many details and things to check off your list before hopping on a plane to your new city.

It can get overwhelming quickly, from professional movers and having a job lined up to making new friends and leaving family members behind.

These 25 must-follow tips for moving out of state will help with the heavy lifting that comes with moving out of state.

What to consider before moving to another state?

Moving out of state is scary, but if you’re armed with a good checklist, everything can seem a little more approachable. Sure, there are a lot of details to take care of before moving, but the most important thing you should focus on is finding the right city for you.

1. Finding your next city

Make a shortlist of your dream cities and book a long weekend at each, if possible. Forgo a hotel room in favor of living like a local and research neighborhoods before you go. Book an Airbnb listing in the one that fits your lifestyle the most.

Gather intel from friends, make a list of your favorite things to do (think movie theaters, preferred stores, etc.) and check your social network to see if you know anyone in the area. Do groceries and take public transportation to get a true feel of your potential everyday life.

2. Visit a few places before deciding on your new state

Go to several cities.

Go to several cities.

After a few visits to your top 3 cities out of state, think about what’s important to you. Do you want to ditch your car in favor of public transportation? How’s the dining scene in these cities? Is the job market in your career path of choice thriving there? How are the local schools? Are you moving alone, or are you moving in with your partner? Can you afford to live in this prospective city with your current salary?

This is when pro/con lists come in handy. Be sure to sit down and think it through before deciding on your new state.

3. Compare the cost of living before moving out of state

When picking a new city to live in, you have to consider more than moving expenses. Whether you’re relocating for a new job or moving while keeping your current one, you need to consider the new cost of living expenses. Is rent more expensive in the new city? Do you have nature or a local park nearby? What about groceries and transportation?

The cost of living in Washington, D.C., versus Charlotte, NC, is very different, for example. In Florida, the state has no income tax. Make sure that wherever you’re relocating to, you compare both your budget and current salary to the new city’s cost of living differences so you can adjust accordingly and save money where you can.

4. Set a moving budget

So, you’ve picked your new city. Now, it’s time to start thinking about your moving budget. You’ll need to decide whether you’ll hire professional movers and a long-distance moving company to handle your move. Or, if you’ll just get your friends to help you load a moving truck, and you’ll unload it on your own once you arrive at your new address.

You’ll also need to consider deposits for your new apartment, plane tickets, security deposits for utility companies, any new food and house items you’ll need and possibly a storage unit if you have to stay in temporary housing for a bit.

A spreadsheet outlining every money detail will help keep you within budget.

5. Find an apartment in your new city

apartment hunting

apartment hunting

Pick your dream neighborhood and start researching apartments. It’s always good to secure housing before moving out of state. Hunting long-distance for an apartment is challenging, so seeing it in person or sending a friend will make the easiest move.

Read reviews, set up tours for various apartments and always confirm that an apartment is legitimate before wiring any money. Ask for move-in specials and current amenities like an in-unit washer and dryer or stainless appliances.

Bring a blank check and any required documents for the application so you can apply on the spot if you love it. This may include:

  • State-ID or driver’s license
  • Proof of income (latest paystub)
  • At least one reference from a previous landlord
  • Employment details
  • Co-signer information, if needed
  • Unfrozen credit for the landlord to run it for application

Check with your job to see if they reimburse employees for relocation expenses or have any moving services available. Also, check your lease terms and let your landlord know with enough time that you’re leaving your current apartment soon. Make sure to schedule a walkthrough date to get your security deposit back.

6. Update your work about your move

In this pandemic era, working remotely is the new normal. If your job allows you to work remotely and you’re staying, for now, update HR with your new address. This will help your company remain updated with payroll and update your healthcare information.

Follow up with them to make sure they have all they need before your move date. Inquire if, due to your relocation, you now have access to any remote working stipend.

7. Find a new job, if needed

Maybe you’re ready for a whole new life? A new state, new job. Start applying to new jobs as soon as you can since landlords in a new city may require a certain income before renting you a place.

Head to job boards online for opportunities in your chosen city and start sharing that you’re looking for a new opportunity with your network. If you can, schedule upcoming job interviews via Zoom or by phone before you move.

8. Go over your belongings and make donation piles

Don

Don

Things are getting real, and it’s time to see how much stuff you really have. You can start calculating how many boxes you need or if you’re hiring movers or just a moving truck.

Go over your furniture, clothes and even kitchen utensils and start donating and selling piles. Start listing items on social media and put every cent you make toward moving costs.

Leave only what you need in the last 30 days, including medical records and important documents like birth certificates and what’s making a move out of state in the apartment. Everything else needs to go to make sure that you only pay the moving company precisely for what you want to keep.

9. Pick a move-in date and start packing

The moving out of state timeline starts getting faster once you pick an apartment and your job situation is all settled. Check your lease and choose a move date. Pick up boxes, packing tape and bubble wrap, and start streamlining all your belongings.

Spend your weekends patching up holes in your current apartment, repainting any walls, confirming your move-in date with your new landlord and picking up your keys.

10. Book the moving company

After purging your belongings, you’ll have a better idea of the number of boxes and furniture you need to hire movers for. Research moving companies that specialize in out-of-state moves. This is an excellent time to ask for recommendations on social media for moving companies.

Get a few quotes to compare them, confirm that there are no add-ons or surprise charges with the quote, how they go about hiring professionals and vetting them and, of course, read reviews.

Once you pick a reputable moving company, confirm the delivery address of your new house, ask about day-of protocol so you’re ready for the movers and ask for an estimate of when they will deliver your belongings. Some moving companies allow you to track your belongings for peace of mind.

11. Schedule a going away party

Send an invite to all of your friends and family before you move out of state. If you can, ask a close friend to take on planning details for the party so you can focus on your long-distance move. Book a venue or go down to your favorite restaurant (that you will miss very much!) and have a casual night with everyone you know.

12. Make travel arrangements

Decide if you

Decide if you

Now that you have a date for moving out of state, you have to decide how to get there. If you hire movers, you have the choice of hopping on a plane or driving there.

This is the time to book your plane ticket if that’s the best choice. Make sure that you plan which bags you’re taking with you and that they all meet the weight requirements. Have a small pet? Don’t forget to buy them a ticket, too.

If you’re driving, make sure to budget for gas and have your route planned out. Making long-distance moves via car is more exhausting, but you do get to bring a few more of your things with you, see new things on the way and go at your own pace. Be sure to pack a first aid kit for the road, just in case.

This is a good option if you have temporary housing and will have stuff in a storage unit for a while at first.

13. Arrange cleaners at your old place

Schedule cleaners for the day after the movers come by and double-check that you covered every nail hole, there are no stains on the carpet and you packed up all of your things.

Once the cleaners leave the place sparkling clean, let your landlord know the apartment is ready for a walkthrough. Return the keys and finalize how you’ll receive your security deposit before you head out of state.

14. Clean and sell your car

If you don

If you don

If you chose a place with stellar public transportation, you’re probably thinking of leaving your car behind. You don’t have to sell it until a week before you move to make sure that you get all of your errands done.

Start the process early by looking at online vendors like Carmax, Carvana and Blue Book to see how much you’ll get for your car. Get it clean and in tip-top shape, so it sells for the maximum amount possible. Schedule a pick-up at your apartment for convenience and sell it to the best offer.

15. Time to move

Almost there! You’ve prepared, and the moment is here. It’s time to move. You’re more prepared than most for your move out of state. You’ve said your goodbyes, you’re checked into your flight and the movers have your couch.

16. Update your pet’s microchip and registration

Before getting too settled into your new place, update your pet’s microchip and registration in the new state. If they were to go missing, they would have an old address and make it hard to find you. Check if this new place has additional requirements beyond rabies shot and registration with the county.

It’s also an excellent time to find a 24-hour vet that’s close by for any emergencies while you unpack in the short term.

17. Get a new driver’s license and registration

Keep all documents up to date.

Keep all documents up to date.

Most states have a 30-day grace period for new residents to update their driver’s license and vehicle registration. Along with your pet’s registration, add this one to the top of your to-do list once you land in your new apartment. Visit the local DMV to get a new license and registration for your car.

Check if you need specific documents like a birth certificate or social security card. If you can’t find either (and who can blame you mid-move), you can go to the local social security administration branch and ask for a new one.

18. Register to vote in your new state

Don’t forget about doing your part for your country. Switch your voter registration as soon as you have your new address to allow time to update. Check where your voting precinct is, so you’re ready for election day. You can easily switch your voter registration online or at your local library.

Start reading about issues in your new state and get familiar with your representatives. Now that you have a new home, you have new things to fight for and worry about, no matter your political leaning.

19. Connect your utilities

Once you sign your lease, cancel your utilities at your current place and start calling local utility companies to create accounts for electricity, gas and internet access in your new apartment. Depending on your internet provider, you can just transfer service.

Get ready to set up an account and pay deposit fees. You should start this process at least two weeks before your move since utility companies often move slowly.

Check with your landlord to see if your lease includes any utilities, like water or trash.

20. Reach out to friends for local connections

Making new friends is hard! But if you reach out to your network and social media to share your news about moving out of state, be sure to ask if they can connect you with any pals in your new state, either via email or group text.

Schedule friend dates for your first month after your move to get to know your new neighborhood.

21. Change your mailing address

Mail slot

Mail slot

About a week before you move out of state, begin forwarding your mail with the U.S. Postal Service. Get ahead of any lost mail by changing your address in your streaming accounts, Amazon.com account and any magazine subscriptions you already get.

You don’t want to have a random package go to your old apartment because you didn’t forward mail after moving out of state.

22. Transfer your gym membership

If you’re lucky, your gym will have various locations around the country, and you can just transfer your membership. Let your gym, meal planning service and anything else within your routine know that you’re moving out of state. Make sure to cancel and get confirmation of any services that don’t transfer to your new place.

23. Find new doctors in your area

Don’t let your moving out of state keep you from your medical and dental routine. Ask colleagues in your new place if they have any recommendations for dentists, general practitioners and any other doctor you may need.

Your health insurance may also have a helpful directory of in-network providers so you can start finding your favorites.

24. Update the bank of your new location

It’s important to update your financial institutions that you’re moving out of state and are now residents of your new state. This isn’t just your primary bank. You need to update every financial institution, including your financial advisor, accountant, any investments and those that hold any retirement accounts.

25. Get settled in your new state

Settle in with new friends.

Settle in with new friends.

There’s no greater feeling than the one of relief when you have unpacked every box in your new apartment. Start a good routine for the first month of exploring a new restaurant, coffee shop or neighborhood near you. Getting to know your new town and making friend dates will help you feel settled in no time.

Ready to move to another state?

The moving process is stressful, with unexpected expenses, finding the right moving company and launching yourself into a new life. This moving out of state checklist will make your relocation a lot easier.

The weeks ahead will be uncomfortable as you settle into your new job and new neighborhood after the long-distance move. But slowly, you’ll meet new friends and find yourself as a regular in the corner coffee shop.

Source: rent.com

‘The Northman’ Actor Alexander SkarsgÃ¥rd Lists Historic Manhattan Pad for $2.6 Million

True Blood alum Alexander Skarsgård is ready to part ways with his historic East Village co-op.

The actor — who’s currently entertaining movie goers as the avenging Viking prince Amleth in the action-filled epic The Northman, now playing in cinemas — is looking to fetch $2,599,000 for his New York City home.

According to our sources, Skarsgård bought the apartment approximately 5 years ago, then embarked on an extensive renovation process that modernized the unit without altering its historic character.

Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner

The studio apartment has loft-like proportions and stands out with its exposed brick walls, tall, wood-beamed ceilings, and stunning pre-war details.

Among the latter: a wood-burning marble fireplace that anchors the living area, as well as original pocket shutters.

Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner
Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner

Bathed in light by five skylights, three southern-facing windows and a large casement window, the studio apartment boasts carefully refurbished original pine flooring.

As part of the extensive renovation work, the Swedish actor also added a brand new kitchen — fitted with custom European white oak cabinetry, Carrara marble countertops, a Bertazzoni range and Bosch refrigerator and dishwasher. 

Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner

During Alexander Skarsgård’s ownership, the apartment was configured as a one-bedroom — and a stunning one at that.

The bedroom is also skylit, for residents to enjoy clear, starry nights (or utter privacy thanks to its electric shades) and features plenty of storage, maximized by custom European white oak floor-to-ceiling closets.

But it can easily accommodate a second bedroom, and future owners can also add a private roof deck with views of Downtown Manhattan and the Freedom Tower. According to the listing, roof rights are included with the sale.

Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner
Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner
Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner
Inside Alexander Skarsgård’s apartment in Manhattan. Photo credit: Yale Wagner

Skarsgård’s apartment is set inside an East 10th Street townhouse that, alongside five other 19th century buildings, form a highly coveted cooperative of 29 apartments.

The building sits on one of the most idyllic tree-lined blocks of the East Village, between Second and Third Avenues in the St. Mark’s Historic District.

The desirable location places it within blocks of Union Square, Astor Place, and Tompkins Square Park.

Emma St. Laurent of Compass holds the listing.

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Baywatch Actress Alexandra Daddario Sells Cozy NYC Pad

Source: fancypantshomes.com

How to Navigate an Apartment Lease Takeover Like a Pro

If you’ve got to leave your apartment mid-lease, finding a qualified person to step in and take over your lease goes a long way to making the process go smoothly.

You gone.

Or, at least you need or want to go. But you’ve got this lease on your apartment that’s not up yet. You don’t want to break your lease because that’s got some consequences that may linger. You’ve got some other options, such as a lease takeover or a sublet. Here’s how you go about getting out in the best way possible.

What’s the difference between a sublet and a lease takeover?

In a sublet, a new person comes in to finish up your lease. They pay you and you continue to pay rent to the landlord. Three things to remember: Make sure your lease agreement allows you to sublet your apartment, let your landlord know you’ll sublet and you’re on the hook if the subletter doesn’t pay the rent.

An apartment lease takeover (a.k.a. lease transfer or lease assignment) is when a new renter agrees to take over your lease and has a separate, formal agreement with the landlord. That person would then be the lessee (the person taking over the lease). You still have to find out of your lease allows this, but a lease takeover is more of a clean break than a sublet.

Lease agreement

Lease agreement

Getting started

Transferring your lease may seem like traffic has parted and you’re ready to hit the gas, but first, you’re going to adjust your mirrors and check that you’ve got a full tank. Full stop on the driving metaphors, but you’ve got work to do.

Read your lease agreement

The lease may state you can’t sublet or otherwise transfer your lease to anyone else. And, if you’re allowed to sublet or do a lease transfer, you may have to pay a processing or transfer fee. You might have to let go of your security deposit or your last month’s payment.

Contact your landlord

Get it in writing that your landlord or property manager is on board with a lease takeover. Find out what your responsibilities will be. For example, do you have to find the lessee? Will you still be on the hook for rent if the lessee doesn’t pay? You may have to get your landlord to specify in writing that unpaid rent is not your burden.

Ready to do the lease takeover

You’re not done yet. The easier you make life for your landlord or property manager, the smoother your lease takeover process will be.

Find someone to take over the lease

You may not have to do this, but it will help your case.

It should go without saying that the person should have good credit and be able to pay the rent on time. The potential lessee will have to fill out a rental application and provide all the documents and background information you had to do when you began renting the apartment. Be prepared for your landlord to say no to your candidate. Have a backup person. And then another one just in case.

If you’ve made your case for your lessee candidate and your landlord is being difficult or unreasonable, you may need to find a lawyer. Look for someone who specializes in your state’s landlord-tenant laws.

Start your lessee search early

Just because it seems like everyone you know is looking for a place to live doesn’t mean they’re actually ready to find a place or put down money on something. Remember the months of scrimping, saving and organizing you had to do before you rented your place?

Word of mouth is great, particularly among friends, family, co-workers and others that you may already know. But you can also use social media to find someone. If you’re having trouble, you might think about offering to cover the first month’s rent or paying the utility bill for a couple of months.

Take good photos of your apartment

Take good photos of your apartment

Create an apartment listing

Write a description and take some great photos of your apartment. (A picture is worth a thousand words, they say.) Three to five images (kitchen, living room, bathroom, bedroom, common space) are probably enough. You don’t need a fancy camera to take them. Make the rooms look cozy and inviting. Clear the clutter, let in as much natural light as possible and add some flowers.

Done deal

Once you’ve got your landlord’s approval, you’ll need to create an official document of the lease transfer outlining everything you all agreed to. (You can find a lease takeover template at wonder.legal.) You, your landlord and the new tenant will all have to sign the document.

You’re free to go now

Once you’ve found the perfect person to take over your lease, and they’ve signed on all the dotted lines, you are good to go.

Now, you can floor the gas and head into your new adventure.

Source: rent.com

10 Things You’ll Spend More on in Retirement

Even if your real retirement is years away, you’ve already had some practice.

That came during the pandemic lockdown and into its aftermath, when many of us were tucked away at home, working remotely. Except for the part where you’re actually working and getting a full paycheck, this is similar to what life is like for many retirees.

So ask yourself: How did your spending fare on that retirement test drive?

Before you can determine how much you will need to save for a fulfilling retirement, you first need to know how much you will spend in retirement. You’ll also need to factor in soaring prices on everything from gas to groceries. Sure, inflation affects everyone, but it could hurt more in retirement when your income will probably be lower.

Financial planners have estimated that retirees need 80% or more of preretirement income to maintain their standard of living, though individual situations vary greatly. Another data point that correlates: According to the Bureau of Labor Statistics’ annual survey on consumer spending, the average retired household spends 25% less than the average working household each year.

That said, some items to do stand out in a retired household, including big-ticket expenses such as health care and travel. Here’s a look at 10 budget categories where retirees are likely to spend more and some tips on keeping costs in check.

1 of 10

You’ll Spend More on Travel in Retirement

A senior man and his wife holding hands walking up a hill on a footpath looking away from the camera at the view. The fishing village of Polperro is behind them.A senior man and his wife holding hands walking up a hill on a footpath looking away from the camera at the view. The fishing village of Polperro is behind them.

Most retirees put “travel” at the top of the list of things to do more of in their post-work years.

Maybe you plan to set off on a cruise or two. Or perhaps you simply want to pack up your car for weekend getaways with your grandkids. Either way, you may find yourself spending more on travel in retirement than you bargained for. The customer-starved travel industry is eager to get retirees back on the boat, bus, train – or into an RV.

While overall transportation expenses decline throughout retirement, many retirees take the kind of trips they could only dream about while working full time. For instance, compared with their working peers, retirees were choosing (at least, before the pandemic) longer cruises and cruises that visit more destinations, according to travel experts.

Deborah L. Meyer, a Certified Financial Planner and founder of fiduciary advisory firm WorthyNest, recommends a five-step plan for pre-retirees looking to turn these dreams into reality, :

  1. Assign specific cost estimates to travel goals
  2. Break the big savings goal into monthly or quarterly allocations to savings
  3. Adjust income and expenses to make room for the regular savings
  4. Don’t compromise on future goals (that is, beyond the trip)
  5. Act on achieved goals

2 of 10

You’ll Spend More on Health Care in Retirement

Close-up of senior woman sorting weekly medication. Close-up of senior woman sorting weekly medication.

It’s a blast to kick back and make big travel plans in retirement. Less fun: The reality that we spend more on medical care after we retire –  and that those costs keep increasing as we age.

The Employee Benefit Research Institute found that the percentage of a household’s total spending on health care increases from 8% in preretirement households to up to 13% by the time a household is past the age of 85. A similar finding turns up in a survey by the Employee Benefit Research Council.

Unpredictable and costly new diagnoses and hospitalizations drive much of the increase inhealth care spending for the average retired household, but overall spending rises for general health needs, health insurance, prescription medication, medical supplies and medical services as well. As the National Council on Aging reports, 84% of people 65 and plus have at least one chronic condition.

3 of 10

You’ll Spend More on Utilities in Retirement

Mature Man Using App On Phone To Control Digital Central Heating Thermostat At HomeMature Man Using App On Phone To Control Digital Central Heating Thermostat At Home

If you noticed your utility bills spike while you were working remotely, welcome to another reality of retirement.

The average retired household spends more each year on utilities than the average working household, according to the Urban Institute. Why? If retirees are home more often, they’re simply using utilities more. If you’ve seen a bump in your bills – gas, electric, water and sewer, cable and streaming services – think of it as a precursor. On the plus side, chances are you’ll have finished paying off your mortgage (or come pretty close) when you reach retirement age. That means you’ll be saving thousands each year.

4 of 10

You’ll Spend More on Moving and Relocating in Retirement

Senior couple having a break surrounded by cardboard boxes in an empty room Senior couple having a break surrounded by cardboard boxes in an empty room

Empty-nesters tend to take flight in retirement. Downsizing that multi-bedroom home for smaller living quarters, and ones that may be more elderly friendly, is an obvious strategy that could save money in the long run. For the most part, that’s true. But the move-out process can set you back thousands of dollars.

Take it from experience. My wife and I recently moved into our “retirement” home and community. I put retirement is in quotes because we haven’t actually left our jobs. But the right house in the right city popped up on our radar at the right time and we went for it. Fortunately, we’re still working and were able to cover the thousands of dollars in related expenses:

  • Getting one home ready to sell
  • Listing our existing house
  • Buying a new home
  • Settlement and moving costs

Not to mention upgrading appliances, new lighting, window treatments, and all the other tweaks you’ll do to a new living space.

According to Mike Palmer, a certified financial planner with Ark Royal Wealth Management in North Carolina, downsizing in full retirement can present huge unexpected costs for some of his clients, particularly when they want to stay within urban areas. “I see a lot of folks thinking they’re going to walk away with $200,000 [by downsizing], but that’s rare. In most cases, it will be lateral,” he says. To avoid this, he recommends trying to move from an urban area to a more rural one.

It can be nearly impossible to predict every moving expense as it comes, but Squared Away can help: It offers a calculator that estimates what you’ll spend.

5 of 10

You’ll Spend More on Fitness in Retirement

A multi-ethnic group of seniors is attending a fitness class. They are indoors. The group is doing yoga. A multi-ethnic group of seniors is attending a fitness class. They are indoors. The group is doing yoga.

Research indicates that retirement itself is a motivator to get fit. With a flexible schedule free of commuting and the stress of a busy work week, many retirees drop unhealthy habits and pick up healthier ones, raising their spending on gym memberships and fitness classes and equipment (a new bicycle, perhaps?)

Approximately 53% of retired Americans participate in physical activity and allocate about 13% of their annual spending to fitness and leisure activities. Because of this, Fung Global Retail & Technology says that the fitness industry is starting to cater to seniors as well, offering more specific (and pricey) gym options for aging populations. (See Gyms for Older Exercisers.)

Marguerita Cheng, the chief executive officer of Blue Ocean Global Wealth, says that fitness is one of the biggest new expenses she sees her retired clients take on. For her clients, she says, it is often the fear of declining health as they age that motivates them to take fitness seriously. Some of her clients put so much time and money into fitness that they schedule meetings with her around their yoga or spinning classes.

You may have a workaround to gym costs: Some Medicare Advantage plans have a free gym membership as part of their benefits.

6 of 10

You’ll Spend More on Day-to-Day Expenses in Retirement

Close up of a group of seniors enjoying food in a restaurantClose up of a group of seniors enjoying food in a restaurant

As they transition into retirement, many people’s lives aren’t radically altered. They may still drive to meet with friends or associates, grab coffee from around the corner, or use their laptop do work from the comfort of their couch. What often does change after leaving the workforce, however, is who picks up the bill for a lot of the small stuff — lunches, parking, dinners, concert tickets. In short, so long, expensing!

“Small-business owners and professionals who retire are often surprised at how many of their expenses were picked up by their company,” says Bert Whitehead, president of Cambridge Connection, in Franklin, Mich. “It is a jolt when they discover how much it adds up to.”

7 of 10

You’ll Spend More on Debt in Retirement

Hispanic man paying bills on laptop in kitchen Hispanic man paying bills on laptop in kitchen

Retirees are especially vulnerable to accumulating debt and subsequent interest. Although the average debt ballooned across all age groups between 1989 and today, older retirees were by far the hardest hit. According to a study from the National Council on Aging, the average debt held by people 65 and older keeps climbing. The total median debt for those 65 and up in 2016 (the latest year available) was $31,300. That’s 2½ times more than what it was in 2001.

Credit cards with high interest rates carry the greatest risk to retirement security. According to the research and advocacy group Demos, roughly half of those older than 50 reported using credit cards to pay medical expenses, as well as groceries, utilities and even rent.

If bills are beginning to pile up, don’t hesitate to ask for help. Focus on paying off the cards with the highest rates first, and consider consolidating your balances on a card offering a 0% interest rate if it will take more than a few months to pay off each card.

The National Council on Aging also offers tips for seniors to manage debt.

8 of 10

You’ll Spend More on Charitable Giving in Retirement

Photo illustration of two hands cupping a heart symbolizing charityPhoto illustration of two hands cupping a heart symbolizing charity

Americans age 65 and up, even with their reduced income, contribute almost 11% more to religious, educational, charitable and political organizations than people from 55 to 64. Retirees age 75 and older donate even more, on average.

Part of this phenomenon is psychological. Researchers have found that older adults take more pleasure in charitable donations than their younger counterparts. On the other hand, older retirees may have less control over their finances than they realize. A diminished capacity for financial decision-making in retirement is “extremely common,” says Daniel Marson, a neurology professor at the University of Alabama at Birmingham. “In fact, I might say it’s inevitable.”

While many retirees have no problem managing their money into old age, it never hurts to have a trusted family member keep an eye on things. Services such as EverSafe, for example, allow a designated family member to monitor a retiree’s finances and get alerts in case of excessive withdrawals, changes in spending patterns and other unusual activity—all without the retiree losing control of their money.

9 of 10

You’ll Spend More on Reading in Retirement

Woman Reading and Relaxing in RowboatWoman Reading and Relaxing in Rowboat

Before retirement, the average household spends $101 each year on reading. Yes, it’s a category tracked by the Bureau of Labor Statistics that includes the cost of books and audiobooks, as well as devices such as a Kindle. In retirement, the average household spends $173 each year, a 73% increase.

A greater number of subscriptions to newspapers, magazines and audiobook services—the result of a more flexible schedule—accounts for some of the increase.

How do you cut those expenses? Try your local library for free hardcover books, audiobooks, magazines and, increasingly, online access to streaming services.

10 of 10

You’ll Spend More on Financial Planning in Retirement

Shot of a senior couple meeting with a consultant to discuss finances at homeShot of a senior couple meeting with a consultant to discuss finances at home

If you’re entering retirement with accumulated wealth, that’s great. You may have done so with guidance from a financial planner, but then again, maybe you’ve had good luck along with regular 401(k) contributions using some sort of robo-adviser service. 

But remember, the more wealth you’ve collected, however, the more elbow grease it’ll take to manage that money and make it work for you. That’s where financial planners come in. Their services can be invaluable, but they’re not free. Depending on the management style you prefer, figuring out what to do with your money can become an expense in its own right.

Fee-only planners may charge a flat annual retainer (which could run a few thousand dollars or more), or they may charge on an hourly basis (often from $100 to $250 per hour), by the project (from $1,000 up to $10,000 for a comprehensive plan) or, if they’re managing your investments, as a percentage of assets (from about 0.5% to 1.25% of your investable assets). Or they may use some combination of those billing models.

In a recent survey of financial planning firms, Fidelity found that 23% of all clients were older than 70, and they held as much as 28% of total assets. According to AARP, retirees should continue to use financial planners to assist with relocating, with managing new medical expenses and to address changing financial needs.

Source: kiplinger.com