Charlotte, North Carolina offers a unique blend of Southern charm, college town energy, and big city sophistication. Known for its thriving job market, mild weather, and growing food scene, Charlotte is an attractive destination for both renters and buyers. Not sure if the Queen City is for you? Read on to find out what to expect if you’re considering a move to the Charlotte area in 2024.
You know it from: Days of Thunder, The Color Purple, The Eyes of Tammy Faye
Average 1 bedroom rent: $1,527 | Charlotte apartments for rent, Charlotte houses for rent
Average home price: $445,000 | Charlotte homes for sale
Average cost of full-service moving services: $112/hr for 2 movers
Average cost to rent a moving truck: $19 – $39/day
Top industries: Manufacturing, Finance, Tech
Move here for: The job market, big city amenities with a small town feel, outdoor recreation
Be sure to bring: Baseball hat and boat shoes
1. Southern hospitality is a real thing in Charlotte
Charlotte residents are famously friendly and welcoming. Whether you’re at a local brewery, a neighborhood festival, or just walking down Tryon Street, expect to be greeted with smiles and warm conversation. This sense of community extends to neighborhood gatherings and public events, making it easy for newcomers to feel at home quickly. The genuine friendliness of Charlotteans is often cited as one of the city’s most appealing qualities.
2. Mild winters and hot, humid summers
Charlotte enjoys four distinct seasons, with mild winters that rarely see snow and long, hot summers. Spring and fall are particularly pleasant, offering comfortable temperatures perfect for outdoor activities. However, the summer heat can be intense, with temperatures frequently soaring into the 90s and high humidity levels.
Moving Tip: Beat the summer heat by embracing the local custom of escaping to the mountains or nearby lakes. Check out Salem Lake near Winston-Salem or the quaint town of Sylva. If you’re feeling fancy, Highlands and Cashiers are also popular.
3. Rapidly growing job market
Charlotte is a major financial and banking hub, home to Bank of America and the east coast operations of Wells Fargo. The city’s economy is diverse, with opportunities in finance, tech, healthcare, and energy sectors. This growth has spurred a high demand for skilled professionals, making Charlotte an attractive destination for job seekers. The low unemployment rate and competitive salaries add to the city’s appeal for career-driven individuals.
4. Diverse neighborhoods with unique charm
From the historic charm of Dilworth to the urban vibe of Uptown, Charlotte’s neighborhoods offer something for everyone. NoDa (North Davidson) is known for its artsy feel and vibrant nightlife, while South End boasts trendy eateries and the popular Rail Trail. Each neighborhood has its own distinct personality, making it easy to find a community that fits your lifestyle. Exploring these areas is a great way to discover what makes Charlotte special.
5. The craft beer scene is booming
Charlotte has a thriving craft beer scene, with over 30 breweries scattered throughout the city. Popular spots like Olde Mecklenburg Brewery, NoDa Brewing Company, and Sycamore Brewing attract locals and visitors alike. Beer enthusiasts will enjoy the variety of local brews and the lively social scene at these breweries. Many offer tours, events, and food trucks, creating a perfect atmosphere for casual outings.
6. Excellent outdoor recreation opportunities
With the U.S. National Whitewater Center, Lake Norman, and numerous parks, Charlotte offers plenty of outdoor activities. The Whitewater Center provides everything from whitewater rafting to rock climbing and mountain biking. Freedom Park and Romare Bearden Park are ideal for picnics, sports, and community events. These green spaces are perfect for those who enjoy an active lifestyle and connecting with nature.
Moving Tip: One of the perks of living in Charlotte is its convenient location. The Blue Ridge Mountains are just a few hours to the west, perfect for weekend getaways and outdoor adventures. To the east, the Carolina coast offers beautiful beaches and seaside towns. This accessibility makes it easy to enjoy diverse landscapes without long travel times.
7. Traffic can be challenging
The city’s rapid growth has led to significant traffic congestion, especially during rush hours. Main arteries like I-77 and I-85 can become bottlenecks, making commutes longer than expected. Charlotteans often strategize their travel times to avoid peak congestion. While public transportation is available, it’s not as extensive as in larger cities, so having a car is often necessary.
8. From collard greens to fine cuisine
Charlotte’s culinary scene is diverse and delicious, offering everything from Southern comfort food to international cuisine. Popular dining spots include Kindred in Davidson, Optimist Hall, and Haberdish in NoDa. The city’s food truck culture is also thriving, with weekly events like Food Truck Friday showcasing a variety of options. Foodies will appreciate the constantly evolving restaurant landscape and the emphasis on local ingredients.
Moving Tip: If you’re new to the region, we urge you to try Cheerwine, the polarizing soda that is either beloved or bemoaned by NC denizens.
9. Cost of living is relatively affordable
Compared to other major cities, Charlotte’s cost of living is quite reasonable. Housing costs, while rising, are still 10% below the national average. Utilities, groceries, and healthcare also tend to be less expensive. This affordability makes it possible to enjoy a higher quality of life without breaking the bank.
10. Strong education options
Charlotte offers a range of educational opportunities, from highly-rated public schools to prestigious private institutions. The city is also home to several colleges and universities, including UNC Charlotte and Davidson College. These institutions provide quality education and contribute to the city’s vibrant intellectual community.
11. The arts are a big part Charlotte’s culture
The arts are alive in Charlotte, with numerous galleries, theaters, and museums. The Mint Museum, Bechtler Museum of Modern Art, and Blumenthal Performing Arts Center are just a few highlights. The city also hosts events like the Charlotte Film Festival and Charlotte Symphony performances. Culture enthusiasts will find plenty to explore and enjoy in Charlotte’s dynamic arts scene.
12. Sports fans will feel right at home
Charlotte is a sports town, home to the NFL’s Carolina Panthers, the NBA’s Charlotte Hornets, and the NASCAR Hall of Fame. Bank of America Stadium and Spectrum Center host exciting games and events throughout the year. Whether you’re a football, basketball, or motorsports fan, Charlotte offers plenty of opportunities to cheer on your favorite teams.
13. Vibrant nightlife and entertainment
From lively bars and clubs in Uptown to cozy music venues in NoDa, Charlotte’s nightlife has something for everyone. The Music Factory and Epicentre are popular destinations for concerts and entertainment. The city’s vibrant social scene ensures there’s always something happening, making it easy to find fun and excitement after the sun goes down.
14. A green city with plenty of parks
Charlotte boasts an abundance of green spaces and parks, perfect for outdoor enthusiasts. Freedom Park, Romare Bearden Park, and the U.S. National Whitewater Center offer a variety of recreational activities. These spaces provide a welcome respite from urban life and are popular spots for picnics, sports, and relaxation. The city’s commitment to green spaces makes it easy to enjoy nature without leaving the city.
Methodology: Average rent prices sourced from Rent.com July 2024. Home prices sourced from Redfin July 2024. Average moving costs sourced from MoveBuddha. Employment data sourced from Charlotte Alliance.
The Queen City, Charlotte, NC, is a vibrant and bustling metropolis with a rich history, diverse culture, and a thriving arts scene. The city attracts renters from all over the country because of its friendly vibe and location in the Research Triangle of North Carolina. If you’re looking to rent an apartment in Charlotte, you’ll find that the average rent is $1,551 for a one bedroom apartment. Read on to discover the top 13 most expensive neighborhoods to rent an apartment in Charlotte this year.
13 Most Expensive Neighborhoods in Charlotte
From the historic mansions of Meyers Park to the galleries of the South End, there are plenty of charming neighborhoods in Charlotte where the average rent is $1,551. Whether you’re looking for an airy home to rent in Charlotte or wondering where to live in the city, read on to find out what neighborhoods made the list.
1. Olde Whitehall 2. Cotswold 3. First Ward 4. Uptown 5. Fourth Ward 6. SouthPark 7. South End 8. Optimist Park 9. Meyers Park 10. Center City 11. Dilworth 12. Silverwood 13. The North End
Let’s jump in and see what these neighborhoods have to offer.
1. Olde Whitehall
Average 1-bedroom rent: $2,036 Apartments for rent in Olde Whitehall
Olde Whitehall is the most expensive neighborhood in Charlotte, as the average rent for a one-bedroom unit is $2,036. There are plenty of reasons why this neighborhood draws residents. One of the highlights is the proximity to Renaissance Park, a local favorite with its expansive green spaces, walking trails, golf course, and sports facilities. The neighborhood is home to charming local establishments like The Olde Mecklenburg Brewery, where residents can enjoy craft beers in a picturesque biergarten setting. Cultural attractions such as the Charlotte Art League provide a creative outlet and community hub for art enthusiasts. Transportation is convenient with easy access to major highways and public transit options, making commuting to the city center straightforward. Architecturally, Olde Whitehall features a mix of traditional single-family homes, modern townhouses, and spacious apartments.
2. Cotswold
Average 1-bedroom rent: $1,945 Apartments for rent in Cotswold
With an average one-bedroom rent of $1,945, Cotswold is the third most expensive neighborhood in Charlotte. The area is home to local gems like Leroy Fox, known for its southern cuisine and welcoming atmosphere, and The Common Market, a quirky local deli and market. Nearby parks, such as the serene Randolph Road Park, offer residents a green space for recreation and relaxation. The neighborhood’s close proximity to uptown Charlotte provides easy access to cultural attractions like the Mint Museum Randolph, which features an impressive collection of American and European art. Architecturally, Cotswold boasts a mix of charming mid-century homes, modern townhouses, and stylish apartments. Additionally, the neighborhood’s well-connected transportation network, including major roadways and public transit options, makes commuting and exploring the city convenient for residents.
3. First Ward
Average 1-bedroom rent: $1,850 Apartments for rent in First Ward
First Ward is the next most expensive neighborhood in Charlotte. The First Ward is a dynamic area known for its blend of historic charm and modern amenities. One of the standout features is the First Ward Park, a beautifully designed urban green space that offers walking paths, a splash pad, and a performance stage for community events. The neighborhood is home to unique local establishments such as the Levine Museum of the New South, which provides engaging exhibits about post-Civil War Southern history, and the 7th Street Public Market, where residents can enjoy fresh local produce and artisanal foods. The First Ward is also known for its excellent transportation options, including the LYNX Blue Line light rail, which provides easy access to other parts of the city. Architecturally, the neighborhood features a mix of historic homes, contemporary townhouses, and modern apartment buildings, creating a diverse and visually appealing streetscape. This combination of cultural attractions, convenient transportation, and varied housing options makes First Ward a cool and vibrant place to live.
4. Uptown
Average 1-bedroom rent: $1,802 Apartments for rent in Uptown
Just about west of Charlotte Center City, Uptown is a stellar neighborhood. Architecturally, Uptown showcases a mix of sleek high-rise condos and historic buildings, offering a variety of housing styles from luxurious penthouses to charming lofts. Romare Bearden Park is a local favorite, featuring beautifully landscaped gardens, fountains, and open spaces perfect for concerts and events. The neighborhood is also home to unique establishments like The Cellar at Duckworth’s, an upscale gastropub with a speakeasy vibe, and The Mint Museum, which offers an impressive collection of American and contemporary art. Uptown’s transportation options are robust, including the Lynx Light Rail, which provides convenient access throughout the city.
5. Fourth Ward
Average 1-bedroom rent: $1,802 Apartments for rent in Fourth Ward
Next up is Fourth Ward, the sixth most expensive neighborhood in Charlotte. Fourth Ward is full of history and charm with tree-lined streets, historic buildings, and museums. One of the standout features is Fourth Ward Park, a beautifully landscaped urban oasis with walking paths, gardens, and a playground, providing a peaceful retreat in the heart of the city. The neighborhood boasts unique local establishments such as Alexander Michael’s, a beloved pub offering delicious comfort food and a cozy atmosphere. Cultural attractions like the McColl Center for Art + Innovation contribute to the area’s artistic vibe, hosting various exhibitions and events. Architecturally, Fourth Ward is notable for its well-preserved Victorian-style homes, charming bungalows, and modern condominiums, offering a diverse range of housing options. Additionally, the neighborhood’s convenient access to public transportation and proximity to the bustling Uptown area makes it an attractive choice for residents who enjoy a blend of historic beauty and modern convenience.
6. SouthPark
Average 1-bedroom rent: $1,741 Apartments for rent in Southpark
Located south of the city center, Southpark is the next neighborhood on our list. The SouthPark neighborhood is known for its upscale and sophisticated ambiance, offering a blend of luxury and convenience that appeals to many residents. The area is home to Symphony Park, a local gem where residents can enjoy outdoor concerts and community events in a beautifully landscaped setting. Local establishments such as The Art Room provide a unique space for art enthusiasts to explore their creativity with various classes and workshops. SouthPark is also home to the Charlotte Marriott SouthPark, which hosts elegant events and gatherings, adding a touch of class to the neighborhood. Transportation in SouthPark is convenient, with easy access to major highways and public transit options, making it well-connected to the rest of the city. Architecturally, the neighborhood features a mix of stylish modern apartments, luxurious townhomes, and stately single-family homes, often characterized by their elegant designs and well-manicured lawns. The combination of these elements creates a vibrant and desirable community, making SouthPark a standout neighborhood in Charlotte.
7. South End
Average 1-bedroom rent: $1,729 Apartments for rent in South End
South End takes the eighth spot on our list of most expensive neighborhoods in Charlotte. The South End is a vibrant and trendy area known for its eclectic mix of local establishments, art galleries, and lively social scene. One of the standout features is the Rail Trail, a popular urban greenway that stretches alongside the light rail, providing residents with a scenic route for walking, jogging, and biking. The area is dotted with unique local establishments such as The Suffolk Punch, a brewery and coffee bar that also hosts community events and workshops. Atherton Mill is a historic market offering a variety of artisanal foods, crafts, and goods, adding to the neighborhood’s charm. South End’s architectural styles are a blend of historic industrial buildings converted into stylish lofts and modern apartments with contemporary designs, catering to a range of tastes. The neighborhood’s proximity to the Lynx Blue Line light rail makes it incredibly convenient for transportation, offering quick and easy access to Uptown Charlotte and other parts of the city. Additionally, the area hosts numerous events and festivals, fostering a strong sense of community and making South End a cool and desirable place to live.
8. Optimist Park
Average 1-bedroom rent: $1,712 Apartments for rent in Optimist Park
A well-loved Charlotte neighborhood, Optimist Park is the next area. One of the standout features is Alexander Street Park, a local green space offering playgrounds, sports courts, and walking trails, perfect for outdoor activities. The area is also home to unique establishments like Birdsong Brewing Co., a popular local brewery, and Free Range Brewing, known for its creative craft beers and community events. Optimist Park is conveniently located near the LYNX Blue Line light rail, providing easy transportation access to the rest of the city. Architecturally, the neighborhood showcases a mix of historic bungalows and contemporary townhomes.
9. Meyers Park
Average 1-bedroom rent: $1,705 Apartments for rent in Meyers Park
The tenth most expensive neighborhood in Charlotte is Meyers Park. This area has a vibrant feeling with its popular restaurants and quirky shops. The neighborhood is home to Freedom Park, a popular destination with scenic walking trails, a large lake, and sports facilities, providing ample outdoor recreation opportunities. Local establishments such as the Duke Mansion, a historic inn and event venue, add a touch of elegance and history to the area. Architectural styles in Meyers Park are notable for their grand historic homes, including Colonial Revival, Tudor, and Georgian styles, set along tree-lined streets. The neighborhood also offers convenient transportation options, with the nearby Lynx Blue Line providing easy access to Uptown Charlotte, making it a desirable location for both its beauty and practicality.
10. Center City
Average 1-bedroom rent: $1,695 Apartments for rent in Center City
Number 11 on our list is Center City. This neighborhood is located in the heart of downtown Charlotte and is a fantastic area if you’re looking for a neighborhood with some serious cultural bona fides. The area is home to unique establishments such as The Mint Museum, which showcases an impressive collection of art and design, and The Bechtler Museum of Modern Art, featuring works from influential artists of the mid-20th century. Residents and visitors can also enjoy performances at the Blumenthal Performing Arts Center, which hosts a variety of theater, dance, and music events. Romare Bearden Park, a popular local park, offers beautiful green spaces, interactive water features, and hosts numerous events and concerts throughout the year. Transportation in Center City is highly convenient, with the LYNX Blue Line light rail providing easy access to other parts of the city. Architecturally, the neighborhood features a mix of historic buildings and modern high-rises, creating a visually appealing skyline.
11. Dilworth
Average 1-bedroom rent: $1,642 Apartments for rent in Dilworth
Taking the 12th spot is Dilworth. The average rent for a one-bedroom apartment is $1,642, compared to the city’s average of $1,551. Dilworth is known for its charming, tree-lined streets and vibrant community atmosphere. One of the neighborhood’s highlights is Freedom Park, a 98-acre park offering walking trails, a large lake, sports fields, and playgrounds, making it a favorite spot for outdoor activities and community events. Local establishments such as The People’s Market provide a cozy spot for coffee, pastries, and local produce, fostering a sense of community. The area is also home to the historic Latta Park, which features beautiful green spaces and a variety of recreational facilities. Dilworth’s architectural style is notable for its preserved bungalows and historic homes dating back to the early 20th century, along with modern townhouses and apartments. The neighborhood’s accessibility is enhanced by the Lynx Light Rail, providing convenient transportation options to other parts of Charlotte.
12. Silverwood
Average 1-bedroom rent: $1,641 Apartments for rent in Silverwood
Silverwood is a popular area to consider living in in Charlotte. A highlight of the area is the Reedy Creek Nature Center and Preserve, which offers extensive hiking trails, a nature center, and beautiful picnic areas, making it a favorite spot for outdoor enthusiasts. The neighborhood’s architecture features a blend of traditional Southern homes and modern constructions, with many properties offering spacious yards and tree-lined streets. Silverwood is also well-connected through public transportation options, including nearby bus routes that provide easy access to downtown Charlotte.
13. The North End
Average 1-bedroom rent: $1,637 Apartments for rent in The North End
Taking the final spot on our list of expensive neighborhoods in Charlotte is The North End. The North End is a dynamic and rapidly evolving area known for its unique blend of history, culture, and modern amenities. One of the standout features is Camp North End, a sprawling 76-acre development that has transformed historic industrial buildings into a vibrant hub for art, food, music, and innovation. This site hosts a variety of local establishments, including trendy eateries, artist studios, and event spaces, making it a popular destination for both residents and visitors. The neighborhood offers convenient access to green spaces such as the beautiful Anita Stroud Park, which provides a serene environment with walking trails, playgrounds, and picnic areas. Transportation is also a highlight, with easy access to major highways and public transit options like the Lynx Blue Line light rail, facilitating quick commutes to Uptown and other parts of the city. Architecturally, North End boasts an eclectic mix of housing styles, from charming bungalows and historic homes to contemporary townhouses and modern apartment complexes.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in June 2024.
Want to know where to sell Beanie Babies for the most money? Here’s how you can find out how much your Beanie Babies are worth as well as the best places to sell your Beanie Babies. Back in the 1990s, Beanie Babies were all the rage. These small stuffed animals filled with plastic pellets were…
Want to know where to sell Beanie Babies for the most money? Here’s how you can find out how much your Beanie Babies are worth as well as the best places to sell your Beanie Babies.
Back in the 1990s, Beanie Babies were all the rage. These small stuffed animals filled with plastic pellets were created by Ty Warner and became a huge craze in the mid-90s. If you have Beanie Babies lying in a box somewhere, you may wonder if you can make extra income with them.
In this post you’ll learn:
Best places to sell beanie babies
How to find out how much your beanie babies are worth
What are some of the most valuable beanie babies
The best way to sell beanie babies
Now, at one point many years ago, there were many valuable Beanie Babies. However, that isn’t really the case anymore. Most Beanie Babies aren’t worth anything, but it couldn’t hurt to check just in case you have something of high value (we can all dream, right?!).
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
Where To Sell Beanie Babies For Cash
Here are the 10 best places to sell beanie babies.
1. eBay
The best place to sell your Beanie Babies is eBay. This is because eBay has a large customer base, a collectors’ market, and an auction option. You can also see what Beanie Babies have sold for in the past through past listings.
eBay also has policies in place to protect sellers in case of disputes or issues with buyers. This can give you peace of mind that other online marketplaces may not provide. eBay also makes it easy to calculate shipping costs with various shipping carriers, and you can even print shipping labels directly from the platform.
Before you publish your Beanie Baby listings on eBay, take high-quality photos from multiple angles and provide a description of everything to know about the Beanie Baby, including name, any errors if any, condition, and rarity.
2. Sell2BBNovelties
Sell2BBNovelties is an online platform that buys your stuff, including Beanie Babies. Once you’re on their site, you can do a quick search for Beanie Babies and see what they are buying and for how much.
When I do a quick search on Sell2BBNoveltities, I see they’re buying Beanie Babies like:
TY Beanie Baby #1 Bear (only given to employees, signed and numbered) for $1,500
TY Beanie Baby Chef Robuchon the Bear for $3,000
TY Beanie Baby Coral Casino the Bear for $1,000
TY Beanie Baby Billionaire Bear #2 for $600
Selling2BBNovelties works by finding an item they want to buy from you. After they confirm your sell order via email, you’ll ship your items to Selling2BBNovelties for evaluation. Then, they’ll confirm and pay you within 1 week of receipt.
3. Craigslist
Selling Beanie Babies on Craigslist is a good idea as Collectors frequent the site for items. To get started selling your Beanie Babies on Craigslist, take the following steps:
Write a detailed listing including condition, information about the tags, price, if you’re open to offers, and any other notable features.
Research the current market value price by checking online platforms like eBay.
Put your listing under the categories collectibles or toys.
Once you find a buyer, choose a safe place to meet like a police station parking lot, coffee shop, or public parking lot.
To successfully sell anything on Craigslist, it’s important to be honest and transparent.
4. Facebook Marketplace
Facebook Marketplace is a great spot to sell Beanie Babies because you have access to people locally and from around the country.
When creating your listing, make it clear if you’re looking to sell locally or willing to ship your Beanie Babies. Facebook Marketplace also has certain seller protections in place that provide an added layer of security for sellers by facilitating safe and traceable transactions.
You can also get more interest in your Beanie Babies by joining Beanie Baby Facebook groups that allow posting of Beanie Babies you’re looking to sell. You can also join these groups to get an idea of what your Beanie Babies currently sell for. It’s also handy to use keywords like “collector’s item”, “retired Beanie Babies” or anything else you think people may be looking for when searching for Beanie Babies to buy.
5. Etsy
Etsy is a popular online marketplace for unique, vintage, and collectible items. This makes Etsy a great platform for Beanie Babies.
If you have multiple Beanie Babies to sell, this is a great platform to sell on, especially if you already have a profile set up with 5-star reviews. People are more likely to buy from your Etsy store if you have good reviews in place already.
To get started selling on Etsy, you’ll need to have an account and create a compelling listing. A great title idea would be something like, “Vintage Retired Beanie Babie with tags intact” and a description that includes the condition, rarity of the item, and any special features.
6. OfferUp
OfferUp is a user-friendly mobile app that connects sellers and buyers to sell things locally.
This method of selling your Beanie Babies is different from the other options listed because most of the selling is done through the mobile app and encourages in-person transactions, as well as certain safety features like verified identities.
The app OfferUp also allows sellers and buyers to leave reviews based on their experiences. Positive reviews make it easier to sell things since people are more trustworthy of someone with good reviews.
7. Mercari
Mercari is similar to OfferUp as it specializes in selling and buying items through a mobile app. The app is incredibly user-friendly and easy to use making it very simple to create a listing and get started selling. Mercari also helps with nationwide shipping by providing shipping labels.
The app also has a messaging system in place so you can easily message people who are interested in your items. Buyers can also make offers on items and negotiate prices. Mercari has a secure payment processing system and also occasionally has promotions and discounts to increase buying and selling on the app.
8. Flea market
You may want to try selling your Beanie Babies at a local flea market to reach local buyers.
You’ll need to get a table or booth space at a flea market where you can display your Beanie Babies. If you have a lot of Beanie Babies to choose from, it’s a good idea to organize by type, series, or theme to make it easier for buyers to go through.
It’s important to be friendly and approachable at flea markets as people are more likely to visit your booth or table if they feel welcomed. You can also try having deals or discounts if people buy Beanie Babies in bulk. Be prepared to accept cash at flea markets but also consider payment options like Zelle, Venmo, PayPal, or credit and debit cards.
9. Antique shops
If you have antique shops in your area, it’s worth it to give them a call to see if they’re interested in carrying Beanie Babies. If so, ask if they are interested in purchasing or cosigning the Beanie Babies. Be prepared to give the antique shop information about your Beanie Babies, including names, condition, rarity, if tags are intact, and any other special features.
You’ll also need to discuss price and terms with the antique shop. You need to research the value of your Beanie Babies before giving them away. Once you meet with the antique shop owner, they’ll want to agree to terms on the selling price, commission percentage, payment schedule, and duration of the consignment period.
I have personally seen Beanie Babies for sale at antique shops, but they usually are not rare and are not worth much. But, if you have a lot for sale, you may be able to see if you can put them all up for sale in one place in a local antique shop near you.
10. Yard sale
Selling Beanie Babies at a yard sale is a great way to de-clutter and get rid of Beanie Babies right away. Keep in mind you likely won’t get top prices for your Beanie Babies since you’re reaching a small local crowd (probably around a dollar or less per stuffed animal).
Here are some tips to have a successful yard sale.
Choose a weekend with good weather
Put up signage around town in areas where people will see the address and date clearly
Post in local Facebook groups that share the date and address of your garage sale
Make customers feel more comfortable by playing music and having refreshments
Frequently Asked Questions About Where To Sell Beanie Babies
Below are answers to common questions about where to sell beanie babies for cash.
How do I find out what my Beanie Babies are worth?
Finding out how much your beanie babies are worth is easy. Here’s an easy step-by-step guide to get a rough estimate:
Check out sites like eBay and Etsy to get an idea of the current market prices of your Beanie Baby.
Look up completed listings on eBay to see what similar Beanie Babies sold for.
Wear and tear or damage can significantly reduce the value (For example, is the item dirty or in mint condition? Are there any odors or stains? Do you still have the hang tag intact?)
Join Beanie Baby collector groups on Facebook and get insight on the value of your Beanie Baby there. You could even make a post in one of these groups and ask people what they think it’s worth.
It’s important to keep in mind the value of Beanie Babies fluctuates over time based on market demand and trends.
When did Beanie Babies lose their value?
Beanie Babies started losing their values in the late 90’s. This is due to many things such as:
Overproduction of Beanie Babies, making them less rare and valuable
Collectors were buying Beanie Babies in large quantities, and it eventually became clear the market was saturated.
As trends came and went, interest in Beanie Babies decreased as new toys came on the market.
What are some valuable beanie babies?
Most Beanie Babies are no longer worth much, but a few of the rarest Beanie Babies can still make good cash among collectors. Here are some examples:
Peanut the Royal Blue Elephant
Valentino and Valentina Bears
Princess the Bear
Claude the Crab
Peace Bear
Humphrey the Camel
Lefty the Donkey and Righty the Elephant
Are any Beanie Babies from the 90s worth anything?
Some Beanie Babies from the 90s are worth money. The factors that can make Beanie Babies valuable include:
Rare or limited edition Beanie Babies like Valentino, Princess, or Peace Bear
Design or tags with manufacturing errors
Beanie Babies with first-generation tags
Unusual colors due to manufacturing variations
Limited distribution Beanie Babies
Beanie Babies were highly popular in the 90s, including certain animal designs or themed releases.
Is it worth selling Beanie Babies?
If you have Beanie Babies at home and they are sitting around getting dusty or dirty, it might be worth it to sell them especially if they’re worth some money. If your Beanie Babies are in good condition and have high market demand, they may be worthy of selling.
However, you also need to think about the effort vs. return when selling your Beanie Babies. This process can take a lot of time and effort so you need to think about the potential profit with your time and resources.
If your Beanie Babies hold a lot of sentimental value for you or your family, you may prefer to keep them rather than sell them.
Which Beanie Babies are collectors looking for?
Collectors often look for rare, limited edition, or unique feature Beanie Babies. The market has declined A LOT since the 1990s, but some Beanie Babies still hold their value. Some Beanie Babies collectors are looking for include:
Early generation Beanie Babies with first-generation tags
Limited edition Beanie Babies that were produced in limited quantities
Special edition Beanie Babies that were part of a holiday release or collaboration with an organization or event
Beanie Babies produced with rare colors or variations
Beanie Babies with tag errors including misspellings or unique tag variations
Retired Beanie Babies that were retired from production early in their lifespan
Themed collections or Beanie Babies with historical significance
Best Places To Sell Beanie Babies – Summary
I hope you enjoyed this article on the best places to sell beanie babies for cash.
Selling your Beanie Babies is a great idea if they’re worth money and have no sentimental value to you. Certain Beanie Babies can sell for money on sites like eBay and Etsy, so it’s important to research and see what you can make for your Beanie Babies.
TY products can sometimes be of value, especially if there is no dirt or smoke smell on them, to potential buyers for specific beanie babies.
I loved Beanie Babies as a kid, but I didn’t save a single one. I do sometimes wonder if I could have made some money with them.
Good luck and I hope you have something of high value!
Inside: Here are fun things to do with no money. You don’t have to spend money to enjoy yourself! Plus you save money!
Having fun doesn’t have to cost a fortune! You can have a good time without spending a dime.
But, that is the trap, we find ourselves in. We believe that in order to have fun, you must spend money.
However, we are going to debunk that myth.
It is possible to have fun without spending money. This is something my family does ALL-THE-TIME. There are plenty of places to go when you have no money. There is so much available in our society to explore that you never get bored or run out of ideas. And your wallet and bank account will thank you!
If you are looking for fun things to do when hanging out with friends or fun things to do with kids, your boyfriend, girlfriend, mom, spouse, or anyone in your life, this list is for you!
You will find plenty of activities to do at home, at night, or near you.
Plus the best part… we have tons of memories and experiences from these no money activities ideas!
Today, you will get a glimpse into how you can live differently with your money. Show you fun things to do when you’re broke. Maybe you’re not broke, but choosing to live a frugal lifestyle like us. Either way, you will save money along the way that you can use for something else.
It doesn’t matter if you make $15 an hour or have a 6 figure salary, these tips are for you!
We have found plenty of things to do without spending money.
Today, you are going to learn fun stuff to do that doesn’t cost money.
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What Can You Do Without Money?
Honestly, a whole lot.
There are so many free activities available today. You just need to put on a different perspective than the urge to spend money. These no money activities will keep your hard-earned cash in your hands and then you can use it towards your money goal. That is a win! Actually a HUGE WIN!
The question is… are you willing to try something new? In this case, something new would be a money free weekend or maybe a no spend month.
There are so many free fun things to do available to us, but we opt to spend money because that is the natural societal habit. Whatever your reason for finding fun things to do that don’t cost money, you are in the right place.
We are going to cover an extensive list of things to do instead of spending money.
This will make your no spend challenge easier or just a desire to save more money to reach your money goals.
Without further ado, let’s cover the 101 plus things to do that don’t cost money.
Fun Things to Do With No Money
We are going to dive into plenty of things to do instead of spending money. This list might surprise you with how many things to do for free.
For the frugal green person, this is exactly what they want to do.
You will find specific ideas for fun things to do with friends, over here.
1. Call a Friend: Back in the day, we spent many hours on the phone just talking with our friends. (Hint: like hours on end talking). Pick up the phone and call your friends. I am pretty sure you will come up with another fun thing to do next.
2. Bucket List: This is a must-have for everyone! Do you have a bucket list of things you want to do? Use timeframes to help create your list – one month, one year, three years, five years, 10 years, 20 years. Or in your lifetime? Don’t be worried if some of these ideas on your bucket list cost money. That will be figured out later. It doesn’t cost any money to make your bucket list.
3. Head to your Local Library: This is the best way to begin a frugal lifestyle. Libraries are jam-packed with free things – books, music, videos, games, or events. Plus you can find options for physical items as well as digital versions. Many libraries now have maker spaces, interaction labs, and kid play areas. These STEM spaces are available to further your creativity and not to spend money on equipment. Check to see if your library offers 3D printing!
4. Volunteer Usher. This is a great tip for Money Bliss reader, Elizabeth and one many of my friends did recently. By volunteering your time, you are able to check out the hottest concert or play for free. The key is your availability and finding the right contacts.
5. Explore Like a Tourist: Have you explored your own city the way you would if you were traveling? More than likely not. There are so many no money activities available. Just grab a tourist guide and start exploring.
6. Geocaching: Join in on the world’s largest scavenger hunt. It is easy to participate and a free activity. The goal is to catch hidden caches using GPS coordinates. All you need is a smartphone or a GPS device to participate. Time to find your next treasure!
7. Volunteer: Have you a passion? Then, find a local charity where you can volunteer. There are plenty of great organizations that are always looking for additional help to reach and help
8. Games: This is a favorite in our house. Each Sunday, you can find us playing games. Whether a card game, dominos, or board game, the options are endless. This is a class thing to do with friends and family. One of our favorites is Taco vs Burrito!
9. Get Outside: We are blessed to live in such unique and beautiful areas. Yet, we barely manage to step foot outside. As a family, this is one of the best ways we save money. It probably tops my list of the best frugal living tips. The world is full of free things to do for free and explore!
10 Start a Club: Remember your favorite after-school club from elementary school? What was your favorite part about it? More than likely, it was about connecting with your friends with the same interests and spending time together. The same concept is the same as adults. Dedicated time to hang out with your friends with the same interests. There are plenty of clubs that you can start. Here are some ideas: reading club, sewing club, cooking club, fishing club, mom and tots club, etc.
11. Explore the Outdoors: Fresh air is amazing for our bodies. Plus our world is filled with no money activities to do. Get outside, explore, and see your surroundings in a fresh perspective. You don’t need a ton of fancy equipment that comes to mind when wanting to explore nature. Just head outside and follow where your feet take you.
12. We Got No Money Party: When you are looking for places to hang out with friends, look no further than your own place. Gather some friends and have them over for the night. The only ground rule is they can only bring food and drinks from their house. Same goes for games and other fun activities.
13. Teach Others about your Hobby: What is your passion? Teach others about your favorite hobby. Who knows… maybe you can turn it into a side hustle and earn extra cash.
14. Scavenger Hunt: Kids love scavenger hunts and guess what… inside every adult is someone who loves a good scavenger hunt. Plenty of free scavenger hunt ideas with a little Google search.
15. People Watch: This is probably one of my favorite money-free activities to do when bored especially at IKEA. Just head to any local place and people-watch. Many times it is better than TV sitcoms. Grab a friend and you can create stories to attach to those you are observing.
16. Puzzles: When is the last time you have taken on a puzzle? Research shows it is one of the best things we can do to slow aging and diseases like Alzheimer’s. More than likely, you don’t have an extra puzzle lying around. Ask to borrow some from friends. Also, you can get ones for free on Next-door or Buy Nothing Facebook groups.
17. Host a Vision Board Party: This is a trending activity right now! There is no better time to manifest your dreams and goals than with your favorite people. Plus you can create a better life for yourself. Learn how to host a vision board party today!
18. Museums and Zoos: Many of the smaller museums and zoos are free entry. To check out the major museums and zoos, check their website to see when they offer free days. Most local cities are required to offer many free days in order to get funding from the city. Another way to get free admission is with your credit card, business affiliation, or college affiliation.
19. Free Tours: These are places to go when you have no money, especially in a big city. The options are endless on the types of businesses in the area. Some free tours include the U.S. Mint, candy factories, capital building, parks, brewery tours, etc. The list can be endless when finding free tours.
20. Apple Classes: Want to learn how to use your phone and be more productive? Need to cap your kid’s time on their devices? Want to learn how to take better pictures with your iPhone? You can do that in one of the many classes. Look for classes near you.
21. Pinterest Party: Let’s face it… We pin a lot of things that we want to do. Recipes we want to cook. Desserts to book. Crafts to make. Skills to learn. Time to brush off those Pinterest boards and find something to do.
22. Movie Marathon: Time to sit back and enjoy all of your favorite movies! If you don’t already have cable or Netflix, then you can still do this without spending money. Start a free Paramount+ trial (just make sure to cancel it), head to the local library, or swap movies with friends.
23. Learn a New Skill: Another productive way to use your spare time is learning a new skill. With learning, the options are endless. With the library and YouTube, it is easy to learn new skills without paying for lessons. The new skill I want to learn is how to play the drums. What is the new skill you want to learn?
24. Local Events Calendar: Hello free activities! Every city will offer some local activities throughout the year. Just mark your calendar. These events are perfect for hanging out with friends and for local fun.
25. Go for a Walk or Run: This is the ultimate no money activity. Grab your shoes and head outside to clear your head. The fresh air will do wonders and doesn’t cost a thing. Maybe this is the time to challenge yourself for that 5K or half marathon?
26. Go for a Bike Ride: For those who own a bike, it would be time to dust it off and go for a bike ride. This is a great way to exercise without a gym membership. Plus, if you are a spender on the way home from work, then look at commuting on your bike to avoid temptations. Personally, I enjoyed cycling so much that it made sense to upgrade my road bike. There may be a small cost to maintaining a cycling lifestyle, but it brings hours of exercise and I am too tired to do anything later.
27. Go Hiking: Find a local hiking trail. Before you go, make sure you have water and some sunscreen.
28. Make a Meal: The caveat is you can only use ingredients that you have currently in your house. No running to the store and spending money. Create a meal from what you have available.
29. Go on a Picnic: This is a favorite in our house! Change up your lunch or dinner by eating in a different location. Load uptake food, choose a spot, and go! You can go on foot, on bike, or take a little trip by car. Either way, you have to eat!
30. Write a Letter: When was the last time you wrote a letter? Not an email, text, or social media post. An actual letter that can be given to someone or mailed for a tiny price. Another great idea is to write a letter to someone to open at a future date. Some examples include: to your kids on their 16th birthday or when they get married.
31. Swap Items: This is one of the best ways to not spend money and get something in return!! Go shopping through someone else’s stuff and swap. You can create a host a swap party for items like clothing, toys, games, kitchen supplies, home decor, books, tools, etc. One person’s trash is another person’s treasure. This is something that you can do in person or online.
32. Birdwatch: Never been bird-watching? Then, grab a bird-watching book from your local library to make sure you can tell the birds apart and learn a few new facts.
33. Pick up a Book: What do you prefer – fiction or nonfiction? There are plenty of books to keep you entertained for hours. Also, you could ask a friend to read the same book and then plan a time to discuss it. If your local library doesn’t offer what you are looking for, then start a free trial of Kindle Unlimited.
34. Check Out a Local Gym: Almost all gyms want people to check out their place. Many will offer a free class or up to a free week. Try out a new spin class, yoga class, pilates class, or CrossFit. There are so many gyms popping up on every block that this can keep you busy and fit for a couple of months.
35. Photography: We all know that we have one of the best cameras at our disposal, but do you use the camera in your phone to the best of its ability? You can fiddle around with it, check out some YouTube channels, or head to the Apple store for a free class.
36. Photo Shoot: I stopped buying professional pictures of my kids a long time ago. There wasn’t a point in spending the extra money because as a parent I seriously have taken thousands (if not hundreds of thousands) pictures of them. And we have saved tons of money over the years, especially on sports and team photos.
37. Slideshows: Now, that we have tons of photos… what should we do with them? Turn them into a slideshow or some other digital way to view your photos.
38. Nature Walks: These types of walks have a purpose. To explore and realize the nature around you. Typically, in our house, the goal is to find 10 different types of objects (smooth, rough, prickly, big, small, etc.) or look for something with the same characteristics (like various rocks). The list of types of nature walks you can come up with is endless.
39. Go Sightseeing: There are so many beautiful places to look at in our cities. You can head up to the mountains, the beach, or even urban areas. You can plenty of things to do around here. Don’t forget your camera!!
40. Clean Your House: Really? Does this have to go on the list of ways to spend weekends with no spending money?!?! But, what a great way to spend your time especially when bored. Plus you will have something to show for your elbow grease and hard work.
41. Projects You Put Off: Raise your hand if you can think of a project or two (or ten) that you have put off. When you don’t want to spend money, it is a great time to dust off that list and dig in.
42. Make a Budget: If you are broke or struggling with no money, then it is time for a budget. A budget isn’t meant to be constricting. It is designed to help you spend money the way you want to. Manage your money ahead of time. Learn how to make a budget.
43. Take Surveys for Money: Have spare time, then make some extra money by taking surveys. One of the easiest things to do and not spend money. The best surveys to do include:
44. Declutter: This is one of my favorite things to do, but also one of the hardest. Why? I realize all of the money I spend on wasteful items that we don’t even use in the house. Many were impulse purchases or out of boredom. Then, it is hard for me to declutter and get rid of the items because of wasted money. However, living with less stuff means more meaningful time on things that matter.
45. Dive into Basement Storage: You could be doing one of two things. Cleaning out the basement area and getting rid of the unnecessary stuff burdening your life. Or pull out some of your favorite treasures and find a way to use them.
46. Clear Out Garage: This one makes me cringe, too! A great way to make productive use of your time on a no spend day is to clean out the garage. Clean out the unnecessary items and organize what is left. That way you can find a screwdriver the first time you look.
47. Neighborhood Cleanup: Since we are in the cleaning mood, let’s spread out to your local neighborhood. This is a great activity to do with a group of friends. With just a trash bag, you can leave a beautiful area for many to enjoy.
48. Redecorate a Room: What is more fun than a refreshed space? This is easy to do when changing out seasonal decor. Or just move the furniture around to create a whole new look. We did that with our dining room table direction and people would always think we did something massive!
49. Take a Nap: Who doesn’t want a nap (except for that young child who needs a nap)? Take care of yourself and take a step back from the busyness of life. Nap time is a special treat. Plus you can’t spend money when you are sleeping!
50. Video Gamer Competition: You can get free games through your library or with a free trial on Twitch. Just make sure to grab a friend to join you for a little bit of people socialization.
51. Playgrounds: Something that is easy things to do around here is found right in your neighborhood. Head to the local playground and run around crazy after your kids. Play tag and you will wish you had all of the energy they do! Change things up and find a new playground to check out.
52. Dump Debt: I always felt broke when I was in debt. If I spent money, I felt guilty about it. Figure out your debt free date and learn how to pay off debt faster. Use an app called Tally to help you overcome your debt.
53. Play Chess: This is a classic game that everyone should learn how to play. Plus it is one of the best free no no-money activities. Many cities have full-size chess pieces in local parks that make playing that much more fun!
54. Watch a Documentary: This is spare time well spent. A documentary will open your eyes to various views and perspectives. This is a productive use of your time.
55. Dance Party: This is always a hit, especially with kids. You don’t need to worry about where to go when you have no money. You can bring the party to you! There are so many free ways to listen to tunes and no money is spent for moving your body.
56. Delete Unused Apps: Take a few moments and delete any unused apps off your phone. This will help improve phone efficiency.
57. Art Supplies: Gather up all of the art supplies and see what type of creations you can make with stuff that you already have. Double bonus if you create some gifts, too! This is a great idea of things to do with friends! Here are things to draw when bored.
58. Cancel Unused Subscriptions: When you are broke, you need things to do, then look at what you spend money on but don’t use. This is a great money-saving tip! Use a service like Trim or Paribus to help you.
59. Daydream Life Without Debt: Okay, one of the top reasons people are broke is because of debt. We were in that situation too. I would always daydream about life without debt. And then it happened! Read more about our story on why we became debt free. Now, you can start to daydream about life without debt, too!
60. Listen to Podcasts: This is a great way to increase your knowledge around a certain subject or topic. Find your favorite podcast.
61. Post Skills & Make Money: Do you have a specialized skill or service that you can offer? You can post your skills and services on NextDoor, TaskRabbit, or Fiverr. It could be something as simple as shoveling walks or raking leaves. This is great if you want to double $10k quickly.
62. Make Extra Money: One of the best things to do instead of spending money is to be making money. There are plenty of ways to keep you entertained and not bored. Check out this list 20 Genius Ways on How to Make Money Fast. This cannot be stressed enough!
63. Feed the Ducks: Okay, well today, you aren’t allowed to feed the ducks. But, they are interesting creatures to watch and keep you entertained. But, this is somewhere to go when you have no money.
64. Memory Lane: Let’s take a stroll down memory lane. Pull out old photo books, find your keepsake box, and scroll to the of your pictures and videos. Grab some Kleenex and take a walk down memory lane.
65. Visit a Nursing Home: Looking where to go when you have no money? Then, look no further than the closest nursing home. Their residents are always looking for people to interact with. After striking up a conversation or two, you will walk away with golden nuggets of life lessons and a chance to learn from your mistakes.
66. Meal Plan: This one is a productive use of time plus will save you money over the next week. Use this money saving tip and learn how to meal plan like a pro.
67. Mediation: We are constantly on the go. When was the last time, you were just still? Take time and meditate. Start with mindfulness meditation. This is when you learn to pay attention to your breath as it goes in and out. Clear your mind.
68. Try a Budgeting App: This is a great time to stop living paycheck to paycheck and truly figure out where you spend money. Here are some great budgeting apps:
69. Set Goals: When you are asking yourself, “How can I spend weekends with no money?” Start by setting goals. Without an idea of where you go in life, you will be just bobbing along from one thing to another. Get help on making money goals.
70. Bake: More than likely, you probably have all of the baking necessities on hand. Try a new recipe or make an old favorite. Grab a friend or family member to make it more fun! Have too many cookies? Take them to a fire station or a nursing home.
71. Open Houses: In the market for a house, looking to remodel, or just want to redecorate, then check out open houses for ideas and inspiration. There are hundreds each week and a great way to spend weekends with no money. To add more fun, create a persona and a story on why you are looking at houses.
72. Watch a Sunrise: What better way to experience the wonderful beauty of nature! Find a spot to watch a sunrise and soak up the morning rays. Maybe even combine it with a short hike.
73. Watch a Sunset: The sunsets are us can be magical and absolutely colorful. There are so many spots to watch a sunset. Plus no two sunsets will be the same. Maybe even back a picnic.
74. Time Capsule: Make yourself a time capsule to be opened on a big birthday or in a big life year.
75. Craw Dad Fishing: Calling all dads (and maybe moms)! Head to a local creek with some sticks and hot dogs as bait. This is probably my kid’s favorite summertime activity.
76. Build a Fort: This is the only reason I keep so many blankets on hand. Kids can spend hours on end creating a fort with blankets. Pull in the chairs and start building. This will also include STEM learning because it is a science to get blankets to stay up on the fort without caving in.
77. Camp in Your Fort: Yay! Spend the night in your fort and pretend you are camping. This is a great stay-at-home idea for young kids.
78. Play in the Snow:I will admit it is snowing while I type this. All you need to do is head outside and find plenty of things to do without spending money. You can make snow angels, have a snowball fight, color the snow funny colors, catch snowflakes on your tongue, or shovel for extra money.
79. Built an Igloo Fort: This takes me back to feeling like a kid (at least until the soreness kicks in). Building a fort out of snow is so much fun! You can quickly spend hours outside and have a blast. Then, have fort wars!
80. Visit a Farmer’s Market: Learn what fruits and vegetables are local to your area. This is one of my favorite activities especially in small towns.
81. Learn a Foreign Language: With so many cool apps and websites, you can teach yourself how to speak a foreign language. Maybe you just need to brush up on those high school classes. Then, you can volunteer at a local community center to practice!
82. Find a Pet to Love: Head to your local animal shelter and love some pets that need to be rescued. This is a great way to not spend money and help the community. Maybe donate extra blankets to help out the rescue.
83. Figure Out Your Net Worth: This one hasn’t been popular with many of my readers. But, your net worth has to start somewhere (even if it is negative). However, we have been working to increase our liquid net worth this past year. If your goal is to become a millionaire next store, you have to start somewhere.
84. Dress Rehearsal. This one may be harder to find, but an awesome idea if you can. Some venues will allow people to attend their dress rehearsals for big shows. You won’t have the same experience as the real show. At the end of the show, you will save lots of money and may be asked to provide feedback.
85. Sound Checks: Is your favorite bank headed to town and you can’t afford to go? Then, go a couple of hours before the start of the concert and keep your fingers crossed they are doing sound checks. This works really well for outdoor concert venues. I have a cousin who has become a pro at this!
86. Get on a Realtor’s Mailing List: Realtors are always marketing their services and vying for attention. Many realtors will send out mailers with local activities that you can explore for free. Others may invite you to special events that are really fun and totally free for you!
87. Minute to Win It: Play this game against the clock which will have you laughing for hours. Most of the minute to win it games are with items you can find all throughout your house. This one is a winner to hang out with friends, kids, or families!
88. Find Grand Openings: This is where to go when you have no money. Search for grand openings in your local area. Many times you will walk away with freebies and other goodies! Plus more than likely you will have a story to share about your experience.
89. Free Exercise Routines: No need for a gym anymore! You can download apps for plenty of workouts to keep you fit and healthy. Scroll YouTube for yoga classes. If your goal is to lose weight, then try Healthywage and get paid for losing weight.
90. The Bad Gift Exchange: Plan a party with friends and tell everyone to bring the worst gift they got from the previous holiday. Hold a funny white elephant exchange and laugh at what people spend money on.
91. Free Class at Community Colleges: Check out your local community college for the free classes they are offering. You should be pleasantly surprised at how many free classes you can take.
92. Free Classes at Stores: Hitting up stores may seem backward on where to go when you have no money. However, many stores offer free classes or projects. The goal for stores is to get you in the store in hopes that you will buy one or two things while you are there. Resist the urge to buy something and go for the free projects. Stores I know that offer free classes, projects, and crafts: Ikea, Home Depot, Lowe’s, Joann’s, Michaels, and smaller mall stores.
93. Favorite Recipes List: Too many times we forget some of our favorite recipes and they go un-made for months. Create your go-to recipes that everyone in your family loves. This will make your meal planning much easier and faster. Even better… convert your recipes to a digital file.
94. Research your Genealogy: If you want to know more about your family history, then you can spend hours learning more on the various genealogy websites. Even better, call the family historian to learn more about your heritage.
95. Fly a Kite: Don’t worry about having to buy a kite in order to have fun! Get creative and make your own. This is something my kids have figured out how to do on their own with store grocery bags and string.
96. Invite Your Kid’s Friends Over: Kids always want time to hang out with friends. They can always find something to do with their friends. Then, you can get some quiet time. You don’t need to spend any money for everyone to have fun. It is a win-win situation.
97. Get Your Personal Finances in Order: This is one of the most important things to do. Yet, it always slips to the bottom of your list. Learn how to organize your personal finances and make sure your wills are up to date.
98. Make a To-Do List: There is no better time to power through your to-do list. It is a great idea to not spend money and be productive. You may have to DIY projects or save money to finish them another day. But, you can tackle the hard stuff.
99. Last Text Message: Scroll all the way to the bottom of your text message list and find that friend you haven’t talked to in a long time. Invite them over and have a conversation.
100. Free Apps: There are so many free apps available. You can learn a new skill, play a game, organize your life, sharpen your brain, and connect with friends. The options are endless on this one!
101. Local Festivals or Events: Once again, there are so many free activities. Check out your local area for weekend activities. Bonus hint: pack your own food and snacks so you aren’t tempted to spend money with the food vendors.
102. Camp in Your Backyard: You don’t need to drive anywhere to camp. My kids love setting up the tent to camp right here at home. The tent gets more use and the bathrooms are mighty convenient.
103. Check Newspapers. From Money Bliss reader, Elizabeth recommends checking the local newspaper as they list out all of the local events in the community. Her money saving tip is to use the library’s copy for free. Also, the online digital version may have the same info.
104. Free Trials: When you are looking for things to do for free and that don’t cost money, then look no further for free trials. The options are endless because people want to try out their product. At a bike event, I was able to do a free trial for a road bike. It was a great way to check out what I liked and not spend any money.
Ideas for possible free trials:
Just make sure to cancel before the trial ends!!
105. Count Your Blessing: Too many times we take for granted everything that we have. Take the time a start writing a list of everything you are grateful for. These blessings have enriched your life. Find ways to enrich someone’s life.
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The popular book of coupons is now a downloadable app!
The Entertainment® Book and Digital Membership offer 2-for-1 and up to 50% off discounts, all conveniently accessed on our mobile app, online or in the book.
Great way to save money on local restaurants, activities, hotels, adventures, and more!
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How do you have fun without spending money?
Now, we have covered an extensive list of things to do with no money. Hopefully, you have learned that you don’t need to spend money to have fun.
You can enjoy your time and not spend money. You can be productive when bored.
You will always have an answer to what do you do for fun!
There are so many ideas to help you through your no spend days.
That should be a smile on your face (and your bank account).
You can figure out what should I do today.
The less money you spend each day the more money you can save for one of our money saving challenges. That is one of the best things you can do for your finances.
Don’t Miss… 90+ Fun Things to Do on Christmas Day
What are your favorite places to go with friends when you have no money? If I missed one of them, please tell me in the comments.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Inside: In this guide, I reviewed all of the budget apps and compared features and costs to form the best budgeting apps list. Find the best budgeting apps to fit your needs.
The best way to become smart with your money is to actively manage your money.
Make a plan for your money. Some may call it a budget.
At Money Bliss, we like to call it a Cents Plan. This enables you to find financial freedom. Find that place Where Cents Parallel Vision. Today, there are many budgeting apps on the market.
To kick off the new year, I was determined to find the best budgeting app on the market. Guess what?
My list grew each week!! And still growing! There are so many choices.
There are money management apps. Personal finance apps. Budgeting apps. So many apps to choose from! Seriously.
Some are free budgeting apps. Others have a monthly fee. Some have one-time costs.
The key to any budgeting app (free or paid) is to learn to manage your money.
At the very bottom of the post, we will reveal the best budgeting apps available.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
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What is a Budgeting App?
A budgeting app is a tool that helps you manage your money and keep track of how much you spend.
There are many different types of apps, and some may be free while others cost money.
However, they all make managing your finances easy by tracking where your money goes each month as well as providing tools for saving cash flow or spending more efficiently on things like groceries or travel expenses.
The end purpose of a budgeting app is to make managing your money easy.
There are many apps out there that can help you with this, including some from big brand names like Mint which just announced it is shutting down, Acorns, and Quicken. This guide will provide a list of the best budgeting apps for 2024 so you can save time and money!
Quick Answer
The preferred budget apps are YNAB, Empower, and Quicken.
What to Look for in Budgeting Apps
In order to find the best budgeting apps, you need to know what features and functions you are looking for.
The best budgeting apps are often the simplest and focus on ways to make saving a breeze.
They can help ease financial uncertainty by providing tools that allow users to save more money over time.
What’s more, how can you tell what to look for in a good budgeting app?
1. Ease of use
The best budgeting apps are easy to use and do not require manual entry. Different ways of creating a budget include handwriting it out, using a spreadsheet, or logging into an app or software program.
You want to find something that is easy for you to use. Even better, if you find the app fun to use!
2. Budgeting Capabilities
There are many types of budgeting apps; thus, each person will have budget apps they prefer over others. At the end of the day, you need something that will work for you over the long term.
Some have basic features that simply allow users to view their own spending, while others provide a number of tools for managing finances and saving money. Users should choose an app based on what they want as well as the capabilities it offers.
Many budget apps let you define your categories to track.
3. Saves Time
When you have an automatic budgeting app, it tracks how money moves in and out of your bank account automatically with ease. In addition to this, the updating process takes place automatically as well which saves more time for individuals who need it most!
Saving time with the least favorite tasks like budgeting is a win-win!
You want your budgeting app that makes managing your money a breeze.
4. Focus on Financial Goals
You need a budget app that helps you work towards your smart financial goals. This is important.
You want your budgeting app to help you with achieving your financial goals.
5. Synchronization
Synchronization is the process of returning data to a master database from one or more secondary databases. You want the budget app to synchronize accounts automatically.
Most offer automatic synchronization but may lack a feature that allows for a reconciliation of accounts such as bank accounts.
Many budgeting apps can synchronize from desktop to mobile. In addition, you can have multiple users on the same platform.
6. Price
Budgeting apps range in price from free to about $150 per year.
The app that has the most features and options is Quicken, especially given its price point.
Spending $5 a month to manage your finances is cheaper than overdraft fees and the lack of saving money.
7. App ratings
Many financial experts and personal finance gurus agree that a budget is necessary to take control of your money.
Look for budgeting apps that have at least 1,000 reviews in both the App Store (for iOS) and on Google Play (for Android), as well as a rating of 4 stars (out of 5) or higher on both platforms.
That will tell you the longevity of the app and user appeal.
8. Security
Specifically, are budgeting apps secure? Are there any security features in place to protect your data? This is a huge feature you need to verify your personal information will be intact.
On my budgeting apps, financial information is safe because they need to go through vigorous testing and pass banking regulations. There are certain vulnerabilities inherent to operating online in the cloud.
9. Additional Features
Most budgeting apps go beyond basic budgeting. Some offer advice on debt and investments, while others identify unnecessary expenses.
Most apps can track your spending and organize your expenses into categories.
The savings apps will automate savings, suggestions to save money, bill alerts, access to credit scores, and investing features.
All of the apps have a different feature set, so it’s important to find what you’re looking for.
Good Budgeting Apps will Help, But First – You Must
Before we dig into the list of good budgeting apps, we must discuss key points first.
In order to be successful, with any type of budget app, you must understand three key areas.
1. Uncover your Money Situation
You can’t hide under the sheets or with your head in the sand and expect changes.
To be successful with money, you must be active with your personal finance situation.
Take time to understand your vision. Figure out where you stand in building a foundation to the Money Bliss Steps to Financial Freedom. Understand where the pits of money are spent every month.
Not sure, where to start? Stick around here at Money Bliss; we have many resources to help you!
Must Read Help:
2. Budgeting Apps Won’t Change Habits
While personal finance or money management apps keep you on track, they are incapable of changing habits.
You have to make changes.
Just because the budget app tracks your usage on the credit card doesn’t mean that you should have spent that money. So, be willing to make changes in your spending habits and those emotional purchases to achieve financial freedom.
You must learn to manage your money.
Related Readings:
3. Still Need Paper & Pen
The first thought is “Wait, I wanted to get away from paper and pen.” Yes, that is the goal for most individuals.
However, it is key to know your net worth over time.
Also, you never know when your favorite budget app will go away. (Ugh!) Personally, I don’t like to be pessimistic, but technology is rapidly changing, and being able to adapt is key.
Keep tracking your personal finance numbers toward financial freedom in a separate place.
Okay without further ado, the full list of budgeting apps on the market.
YNAB
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
Pros:
Comprehensive approach to budgeting, helping you plan monthly budgets based on your income.
Offers expert advice, making it suitable for those who require an in-depth, forward-thinking budgeting strategy.
Superior synchronization skills make it the winner in this area.
YNAB has extra features like goal setting for budgeting, shared budgeting tools for partners.
Option to manually add and upload transactions from accounts each month.
YNAB prioritizes user privacy.
Start 34 Day Free Trial
Full List of Budgeting Apps with Free Trial
The budget apps we selected for this section offer a free trial for users to test out before signing up.
Budget apps are typically inexpensive and start with a free trial.
1. YNAB (You Need a Budget) – A proven method that has helped hundreds of thousands of people break the paycheck to paycheck cycle, get out of debt, and live the life they want to live. YNAB is best for serious budgeters.
2. Simplifi – Manage your money less in 5 minutes each week. Reach your money goals with confidence! Introducing Simplifi by Quicken, the personal finance app that gives you something to look forward to.
3. Tiller Money – Your financial life is in a spreadsheet, automatically updated each day. Track all your accounts in one place, always know where your money goes, and confidently plan your financial future.
4. Rocket Money – Rocket Money is your automated financial assistant and budget tracker designed to put you back in control of your money. Truebill lets you easily track bills, cancel unwanted subscriptions, and proactively request refunds on your behalf, putting real money back in your pocket!
5. Qube Money – The cash envelope system made easy. They invented digital cash envelopes. Real-time financial awareness without the hassle of tracking expenses, updating spreadsheets, and carrying cash.
6. HoneyMoney– HoneyMoney increases your awareness about your money habits. Being fully aware of your money naturally changes how you spend it. Great way to use cash flow budgeting. Plus uses “envelopes” to budget.
7. Qapital – Free, easy way to save money. Get $5 for your first Goal if you sign up here.
8.Money Patrol – MoneyPatrol actively monitors and analyzes financial transactions, and then alerts insights about the trends, patterns, and anomalies observed.
9. Wallet– Wallet is designed to help you get your finances under control from day one, giving you ongoing insight into your financial situation, and helping you stay in control for the long term.
10. Every Dollar– EveryDollar follows the zero-based budget approach recommended by Dave Ramsey, a top personal money-management expert. Create daily and monthly budgets and track your expenses to manage and save money.
11. Expensify – Expensify is the perfect tool for anyone who needs to keep track of receipts and automate expense management.
12. Cost Track – Expense Tracker – Cost Track allows you to: use your money wisely, keep track of your personal and family budget, and quickly enter your income and expenses.
13. Easy Spending – It is a simple and convenient finance tracker that provides the most powerful and convenient daily money management for iPhone and iPad, that neatly tracks all your cash flow between different accounts that you can budget.
Making Your Budget Work for You:
Full List of Free Budgeting Apps
The budget apps we selected for this ranking are completely free! Free budget apps are good options for users who don’t want to pay monthly or a yearly fee. Just to note, the list of free apps is dwindling with each update.
Finding the best budgeting app the best ones do simple things well.
Free apps are not always better than paid ones.
Typically, the free versions of budget apps provide basic features. Plus there are many free budget apps available on the market.
1. Empower– Empower is the best app for investors. This is one of my favorite ways to analyze investment accounts. See all of your accounts in one place, which helps to see spending. Free budgeting app to use. Read myEmpower Review.
Empower Personal Wealth, LLC (“EPW”) compensates Money Bliss for new leads. Money Bliss is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.
2. PocketSmith – Manage your budget and forecast your finances. There are paid levels of access but you can still get basic options for the casual budgeter.
3. Zeta – AskZeta is a financial planning platform designed to help couples manage their finances collaboratively. It provides tools and guidance for setting joint financial goals, budgeting, and navigating major life events to build a secure financial future together.
4. Honeydue – A financial app designed for couples, facilitating shared money management. It allows partners to track and manage their finances collaboratively, providing insights into spending, budgeting and shared financial goals.
5. GoodBudget – Envelope budgeting for the modern world.
6.Fudget – The budget planner you can actually use.
7. Wally – Personal Finance – It helps you compare your income to your expenses, understand where your money goes and set and achieve goals.
9. CountAbout – CountAbout is an online personal finance solution that surpasses the security and ease of use of the other popular commercial solutions on the market while offering complete privacy, zero advertising, and no selling of your personal data.
10. Daily Budget Original – Daily Budget calculation, planning & saving for big spending, basic categories for expenses, backup.
11. Spending Tracker – The simple fact is, by tracking your spending you will be able to stick to a budget and therefore SAVE MONEY.
12. Money Monitor – You can track and organize all your transactions, accounts, budgets, bills, cash flow, and payees in Money Monitor by easy operation but with powerful functions.
13. Money Box – Set your money goals and track your personal savings with this app. Take control of your saving goals and spend cash wisely.
14. Dollarbird– Track and forecast your money as easily as adding events to a calendar! Dollarbird helps you make sense of your financial situation, plan ahead and manage your money together with those who matter.
15. NerdWallet – Whether you want to maximize credit card rewards, earn extra cashback, track your credit score or make budgeting easier, it’s all here.
Budgeting Resources:
16. Buddy – Designed for simplicity and efficiency, helping users easily manage their finances. With intuitive features, it enables users to track expenses, set budget goals, and gain insights into their spending habits for better financial management.
17. Banktivity – Banktivity puts you in the driver’s seat of your finances so you can do both.
18. PocketGuard – With all of your financial accounts in one place, PocketGuard helps you stay on top of your finance and make better financial decisions.
19. Budget Saved – Personal Finance – Budget Saved helps you save money by grouping expenses based on need or want. You input an expense, save it as a need or want, and then you can look back to see which purchases were really necessary. With this information, you can see exactly how much you can save.
20. Albert – Money Management – Combining human guidance with cutting-edge technology, Albert is an intuitive app that automates your financial life — so you can be free to enjoy it. Build savings, meet bills, end the overspending cycle and develop your financial IQ, right from the palm of your hand.
21. Expense IQ – Expense IQ (formerly EasyMoney) is your ultimate money manager app that combines an expense tracker, a budget planner, a checkbook register, integrated bills reminder, and more rolled into one powerful personal finance app!
22. Prism– Never miss a bill or pay late fees again! We automatically track your bills & send due date reminders, for free. See your income, account balances, & monthly expenses at a glance.
23. Coin Keeper– Download CoinKeeper — the handiest way to plan and manage your finances, created especially for smartphones and tablets.
24. Mobills– Mobills is a budget planning app that allows you to create a custom monthly budget that will help you take control of your money. You are able to manage your money, track your spending, and achieve your financial goals all in one place.
25. iSpending – iSpending helps you to track your income and spending. You can add transactions under different categories, such as income, food, and entertainment.
26. Receipt Box – The Receipt Box is a quick app that is conducive to developing a good habit of tracking spending. It indeed performs well on this one.
27. BUDGT – BUDGT will help you keep track of your Expenses in a very simple way and tell you how much money you can spend each day, taking in account what you have already spent during the current month.
Full List of Paid Budgeting Apps
A budgeting app is a type of software that helps you track your money to manage your finances. There are several different ways you can use them, including getting paid upfront or by monthly fee.
Some apps offer discounts for people who pay monthly, but this is not always the case. If an app doesn’t have the capabilities you need to better manage your budget, it’s not worth it.
App users want budget capabilities and prefer to handle bill paying on their own schedules.
1. Quicken– Quicken personal finance and money management software allows you to manage spending, create monthly budgets, track investments, retirement and more. Read my Quicken Review.
2. Moneyspire – The budget feature is very user friendly and can rollover amounts. All of the reports you need at your fingertips. Also, you can move your data from many of the top budgeting apps and Quicken.
3. PocketSmith – Manage your budget and forecast your finances.
4. MoneyDance – Moneydance is easy to use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting and investment tracking.
5. CheckBook Pro – An easy & quick way to manage your daily finances, Checkbook Pro keeps track of your credit card charges, cash expenditures…etc.
6. HomeBudget – HomeBudget is an integrated expense tracker designed to help you track your expenses, income, bills due and account balances. It offers support for budgeting and allows analysis of your expenses and income, including charts and graphs.
7. Pennies – Keep track of your spending and save money with Pennies, the award-winning budgeting app for iPhone, iPad and Watch.
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
Start Your Free Trial.
Budgeting Apps Off the Cloud:
Due to security concerns, many budgeters prefer to keep their financial information off the cloud.
Here are the best budgeting software that are off the cloud. And if you want, they can be synced.
1. Quicken– Personally, I have used Quicken – pretty much since it was developed. Way before budgeting apps were even a thing and the cloud didn’t exist. Quicken is great for tracking how your money is being spent. Their internal budget feature is not user-friendly and has quirks. However, the cash flow reports are awesome to compare spending. The #1 reason I still recommend Quicken is because of its long history.
Read my Quicken Review.
2. Moneyspire – For those frustrated with Quicken, Moneyspire is your choice. The budget feature is very user-friendly and can rollover amounts. All of the reports you need are at your fingertips. Also, you can move your data from many of the top budgeting apps and Quicken. Start a free trial here.
3. Tiller Money – Tiller is the only tool that automatically updates Google Sheets and Microsoft Excel with your spending, transactions, and balances each day.
4. Banktivity – Get full control of your personal finance situation with Banktivity. Has all the bells and whistles you would come to expect for personal finance budgeting software. There is the ability to connect to the cloud if you prefer. Only for Mac Users.
5. MoneyDance – Moneydance is easy-to-use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting, and investment tracking.
6. QuickBooks – QuickBooks is most like Quicken. It is the preferred software for most bookkeepers. The features are very helpful, but the price is significantly higher.
Expense-tracking budgeting apps
Expense-tracking budgeting apps are becoming more popular as they allow users to connect to financial accounts. They track transactions and group them into categories, making the best ones based on expense tracking systems.
Some of the top expense tracking budgeting apps include:
Simplifi: Quicken has introduced a new personal finance management solution. It is simple, smart, and intuitive money tracker tool that ensures users can keep track of their income and expenses in real-time.
YNAB (You Need A Budget): YNAB helps to reverse this pattern by living off last month’s income during current month.
Pocket Expense: This app is easy to use and has a clear interface for users who are not tech savvy. With Pocket Expense, you can input your income and expenses, set a budget, and track your progress.
Spendee – Understand your finances better with Spendee, the FREE budgeting app that tracks your spending, optimizes your budget, and helps you save money. This user-friendly app with good features for recording income and expenses as well as the ability to plan future budgets. It also lets you set goals and track progress.
Quicken: Quicken is a personal finance software application that can be installed on Windows, Mac or Linux computers and allows users to organize financial information in order for them to make financial decisions.
Learn where to load your Cash App card.
Investment/retirement planning budgeting apps
Investment/retirement planning budgeting apps are becoming more popular with consumers as the retirement age is being pushed back.
These types of apps allow users to keep track of their investments and review performance, ensuring that they’re on track to retire at the desired time.
There are numbeous different investment portfolio management tools, but most are designed for average investors looking to make changes or work towards long-term goals. Many double as budgeting apps also enable tracking expenses alongside investments in order to ensure that you’re on track to reach your goal.
Empower – read my Empower Review
Quicken
Betterment
Wealthfront
Stash
Apps to Help Save Extra Money:
Looking for easy ways to save extra money?? These budgeting apps will do just that.
1. Acorns: Invest Spare Change: This app rounds up any purchase made with a credit card to the nearest dollar and invests it in an exchange traded fund. They have four different investment portfolios from conservative, balanced, growth, and aggressive.
2. Tiller: This app automatically transfers money from any account you connect to it (like your checking or savings) into a fund of your choice every time you make a transaction.
3. Trim – Trim negotiates your cable, internet, phone and medical bills, finds and cancels unwanted subscriptions, can help you lower APRs and bank fees and more.
4. BillShark – Billshark is the easiest way to lower your bills, cancel unwanted subscriptions, and lock in the best rates for insurance.
Which Budgeting App is right for You?
Budgeting apps are becoming more popular as consumers try to make better financial planning decisions.
Budgeting apps help people with the ability to track spending, create budgets, and save money for retirement or other goals.
Budgeting apps must be paid for because they can be used across all devices and have a variety of features that can really help users save time and money.
As you can tell in this post, there are plenty of options to find your favorite budget apps.
Each of these apps can improve money management.
However, you must be able to make the changes necessary to stay within your means. That is up to you. Don’t try it and give up after a month. Stick with it. Show perseverance.
In the end, you will be happy you are stuck with using a good budgeting app.
Apps That Have Shut Down or Changed
These are budgeting app that have been on our list previously. But, when we recently updated the post, realized they are no longer offering the same services.
Mint: Personal Finance & Money – Mint is a free money management and financial tracker app that helps you get ahead and stay ahead. – Mint app shut down in 2024.
Firstly (formerly Honeyfi: Couples Finances) – The first app to help couples team up on everyday and long-term finances.
Opurtun (formerly Digit) – Digit analyzes your spending and automatically saves the perfect amount every day, so you don’t have to think about it.
mvelopes (merged with EveryDollar) – Everyone knows that cash will keep you on budget. Here is a digital option for your cash envelopes. Your first month free is to check out the budgeting system.
Olivia– Whether you identify as someone who is living paycheck to paycheck, or you’d just like to get smarter with your money in general, you’ve come to the right place! I am here to help YOU become the MASTER of your money.
Your Money Wallet – YourMoneyWallet lets you see all your accounts in one place, understand your spending, monitor your everyday spending, and see all your money transactions in a beautiful well crafted design.free
Joy – Money App– Joy is the brand new money app that will change the way you spend and save money to help you find more happiness in your life.
Advent – Budgeting Made Simple – Advent makes budgeting and tracking expenses super easy! With a very minimalistic design, you can easily maneuver around quickly.
Rolling Budget– Rolling Budget is a personal finance tracker that keeps track of your day-to-day expenses, travel, and fuel costs. Track where your money goes, plan your expenses, and create a budget that works for you!
Best Budgeting Apps
There are many apps available to help people manage their budgets.
The best app for you will depend on the type of budget you want to create and how often you want to make changes. All of these apps are mobile-friendly and work across multiple devices. They also offer additional features like budgeting tasks, reminders, and spending plans.
You can find all of these for iPhone or Android.
You can save time and money by using a good budgeting app.
This is your personal finance journey.
The ultimate goal with any budget app is to learn to manage your money. Not have your money manage you.
Now, make sure you are doing these habits to be successful with budgeting.
Which are your favorite budgeting apps?
Keep on Budgeting:
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
What do Gwyneth Paltrow, Chrissy Teigen, Lenny Kravitz, and Travis Barker all have in common? Home decor brands. No matter their skillset or the reason for their fame, it seems that a home decor or accessories collection is the latest, hottest item for celebrities.
With the wide variety of famous people who have either created or curated collections of home decor ideas, it’s hard to keep track. Lucky for you, we’re here to make it easy. The team at Homes & Gardens compiled a complete encyclopedia of over 25 celebrity home collections, collaborations, and brands, you can shop right now.
Bobby Berk Home furniture collection with Wayfair is a stylish ode to contemporary design. Berk’s affordable collaboration celebrates geometric patterns with rugs and artwork while furniture uplifts organic, non-traditional lines.
Bobby Berk Home Brown and Cream Carpet
Chrissy Teigen
Cravings by Chrissy Teigen
(Image credit: Cravings by Chrissy Teigen)
Chrissy Teigen’s colorful range of Cravings cookware was created to make cooking fun. The mood-boosting shades of crockery add a pop of color to any kitchen idea, and the multi-purpose appliances are designed to promote a clutter-free cooking space by minimizing the number of pieces you need.
Lowkey Lavender Brasier
Cut & Serve Board
‘The Perfect Pan’
Courteney Cox
Homecourt
(Image credit: Getty Images / Nicholas Hunt / Staff)
If you identified with Courteney Cox’s ultra-clean character on Friends, Monica, then Homecourt might just be your favorite brand on this list. Post-sitcom, the actress launched this line of unique cleaning products and home fragrances she calls, ‘beauty products for the home.’ Each piece looks just as good as it smells.
Mandarin Basile Candle
Linen Dishcloth
Kitchen Trio
Diane Keaton
Keaton Industries x Perigold
(Image credit: Jesse Stone for Perigold)
Icons create icons. In her Keaton Industries collaboration with Aidan Gray for Perigold, iconic actress Diane Keaton designed a collection of industrial chic lighting options that rival her inimitable style. The black, white, and graphite shades pack a huge punch, despite their minimalist color scheme.
Design expertise in your inbox – from inspiring decorating ideas and beautiful celebrity homes to practical gardening advice and shopping round-ups.
Diane Keaton Light Pendant
Drew Barrymore
Beautiful by Drew Barrymore at Walmart
(Image credit: Walmart)
Perhaps no celebrity home range has received as much attention as Drew Barrymore’s ‘Beautiful by Drew’ line with Walmart. From kitchenware to living room furniture and decor, Drew has it all.
The collection not only lives up to its lofty namesake, but offers its eponymous beauty at an unbeatable price point. Consumers can’t get enough, evidenced by the fact that pieces like the Beautiful by Drew Chair and Beautiful by Drew Airfrier have sold out time and time again.
Slim Espresso Maker
Wheeled Kitchen Cart
Beautiful Drew Chair by Drew Barrymore, Sage
Drew and Johnathan Scott
Scott Living
(Image credit: Scott Living)
The Property Brothers’ brand Scott Living is available at Wayfair (Scott Living Wayfair) and Kohl’s (Scott Living Kohl’s), and embraces simple, no-nonsense design. From easy geometric mirrors to classic sheer curtains and decorative vases, Scott Living is a masterclass in decorating a neutral living room.
Ceramic Decorative Table Set
Ellen DeGeneres
ED by Ellen
(Image credit: Getty Images)
We all know that Ellen Degeneres has a penchant for real estate, and ED by Ellen proves that this talent extends to interior design. The ultra-chic brand is inspired by the talk show host’s lifestyle and love of contemporary design. Her mid-century modern furnishings and modern farmhouse pieces are designed to last a lifetime.
Cay Large Pendant
Eva Mendes
Skura Style
(Image credit: Getty Images)
‘Skura’ is Swedish for ‘scrub,’ the perfect name for these ergonomic, Scandinavian-inspired sponges and cleaning supplies. Eva became a co-owner after discovering how much she loved doing the dishes with a Skura Style Sponge, and she’s never looked back.
Eva’s Essentials
From $26 at Skura Style
If you want to try Skura Style but aren’t sure where to start, this Eva Mendes-approved set is the perfect foray into the brand. It includes a 4 pack of their signature SKRUBBY Sponges, two scouring pads, and a 10-pack of microfiber cloths.
Gwyneth Paltrow
Goop x CB2
(Image credit: Getty Images / Leon Bennett / Stringer)
Everyone knows Gwyneth is a lifestyle goddess, and it was only a matter of time until her health, wellness, and design expertise made it into the world of interiors. Goop x CB2 is her beautiful collection of furniture and home accessories. Spoiler: it actually looks like something you’d see in Paltrow’s home.
GWYNETH 68″ BOUCLE LOVESEAT BY GOOP
Hilary Duff
Below60°
(Image credit: Below 60)
With Below60°, Hilary Duff made home fragrances all natural and design-led. What more could you want? Her discreet fragrance diffusers are made to blend seamlessly into your existing decor, and the three lovely fragrances are made of natural, clean ingredients.
Starter Kit
From $58.99 Below 60
This discrete diffuser is perfect for filling your home with Hilary Duff’s 100% natural fragrances. The starter kit is sold with the expertly-designed plug-in fragrance diffuser and three signature scents: Hilary’s takes on vanilla, mint, and citrus.
As an icon in the interiors space, it only makes sense that Joanna Gaines has an iconic brand, Magnolia Home. Her range encompasses a variety of beautiful furniture and unmissable kitchenware.
Staub Oval Cocotte
Taupe Embossed Baker
Wood with Antique Brass Canister
Kelly Clarkson
Kelly Clarkson Home
(Image credit: Wayfair)
Kelly Clarkson Home perfectly embodies Clarkson’s warm, rustic interior design style. Her collection of furniture and homewares can be found exclusively at Wayfair.
Saffron and Light Gray Rug
Handmade Chunky Throw
Timber Pillar Candles
Kim Kardashian
SKKN by Kim
(Image credit: Getty Images / SKKN)
Though SKKN by Kim started as a skincare brand, the socialite has expanded into home accessories. Each piece carries Kardashian’s cool minimalist signature look. We can completely see the style dominating bathroom trends for 2024.
SKKN Tissue Box Cover
SKKN Wastebasket
SKKN Home Essentials
Kris Jenner
Safely
(Image credit: Getty Images / Pascal Le Segretain/amfAR / Contributor)
We didn’t know cleaning supplies could be called ‘chic’ until we saw Kris Jenner’s line, Safely. This colorful collection of sprays, soaps, and fragrance diffusers makes cleaning the kitchen easy.
All-Purpose Cleaner
Liquid Dish Soap
Lenny Kravitz
Kravitz Design x CB2
(Image credit: Getty Images / Mike Coppola / Staff)
CB2 x Kravitz Design
Unsurprisingly, Lenny Kravitz’s collection with CB2 is oh-so cool. The Kravitz Design collab takes inspiration from around the globe for a warm, sultry aesthetic we’re dying to bring to our own homes.
White Ceramic Table Lamp
Onca Bath Mat
Oak Wood Nightstand
Lisa Vanderpump
Vanderpump Alain
(Image credit: Getty Images)
Lisa Vanderpump has teamed up with designer Nick Alain to create a gorgeous lighting line. Vanderpump Alain embraces everyday glamor with shimmery and unique lights and lamps.
Chandelier
Jessica Simpson Home is giving modern Americana in the best way. Simpson’s collection of fashion-forward bedding is cozy and timeless. If you’re loving the current Western trend, but aren’t sure how to tap in, this is a great place to start.
Coral Gables Euro Sham
From $28.00 at Jessica Simpson
This beautiful decorative pillow features an applique border with rows of coral stitching along the edge for a timeless and cozy look
Martha Stewart
The World of Martha
(Image credit: Christopher Polk via Getty Images)
Martha Stewart is the uncontested lifestyle queen. So while cooking may be her passion, the home maven still makes time for interior design with The World of Martha collection. Encompassing everything from the best bedding to cookware, it’s a great place to shop for quality items at a reasonable price.
Enamel Cast Iron Dutch Oven
10 Piece Stainless Steel Cookware Set
Naomi Cotton Percale Queen Quilt Set
Miranda Kerr
Miranda Kerr for Royal Albert
If you like a tea party, you’ll love Miranda Kerr’s Friendship Collection for Royal Albert. Inspired by the model’s love of the natural world, the bright and colorful collection features motifs of butterflies, peonies , and other blue florals. The bone china pieces are perfect for tea or formal dining.
Miranda Kerr for Royal Albert Friendship Accent Plate Set
decorating with pink, there’s no where better to shop than Paris Hilton’s Be an Icon Collection at Walmart. Hilton’s range of pink cookware and kitchen tools is fun and playful with several heart-shaped pieces. As the name suggests, it’s iconic.
Paris Hilton Nonstick Aluminum Cookware
Paris Hilton 4-Piece Cheese Board
Paris Hilton Microwave Popcorn Maker
McGee & Co.
McGee and Co.
(Image credit: Studio McGee)
If you’re a fan of modern farmhouse decor Shea McGee’s brand is the best place to shop it. The naturally inspired, minimalist look compliments any interior design scheme and the collection is always growing.
Shady Lady Faux Tree
Glennon Pendant
LaPorta Ivory Rug By Chris Loves Julia x Loloi
Reese Witherspoon
Draper James
(Image credit: Matt Winkelmeyer via Getty Images)
Though Witherspoon’s brand Draper James is best known for their polished, Nashville-inspired clothing, the Legally Blonde actress has also created an enviable collection of kitchen, tableware, and candles.
Though Travis Barker curating a collection of home accessories wasn’t on our bingo card, we’re so glad he did. TB’s collection with Buster + Punch is an artful blend of luxury design with rock ‘n roll.
Skull Doorstop
Skull Candlestick
Skull Table Lamp
Venus Williams
V Starr
(Image credit: Getty Images)
Though Venus Williams’s design studio isn’t a homeware brand per se, V Starr is killing it as a celebrity design brand. Venus is responsible for designing one of our favorite celebrity homes, sister Serena Williams’s house. We love to see it.
As interest in home decor soars, we can’t wait to see who else joins the ranks of celebrities killing it in the world of design.
For millennia, humans have used precious metals such as silver as a way to barter and exchange value. And even in today’s modern economy, many people believe that there is room for investing in silver and other precious metals as a way to diversify their overall portfolio.
Investing in silver can come in many different ways, from buying stocks or mutual funds focused on precious metals to holding the actual silver metal yourself. Depending on how you are investing in silver, it can be considered a valuable hedge against inflation and one way to diversify your overall investment portfolio.
Key Points
• Investing in silver can help diversify an investment portfolio and act as a hedge against inflation.
• Silver is considered valuable due to its historical use in coins, jewelry, and industrial applications.
• Silver and gold are both precious metals that have been used as currency and for portfolio diversification.
• Investing in silver can offer advantages such as portfolio diversification and lower cost compared to gold.
• However, investing in silver carries risks, including price volatility and the need for secure storage for physical silver holdings.
Why Is Silver Considered Valuable?
Silver is a type of alternative investment, in that it’s different from a conventional stock or other type of security. And similar to how those types of securities or investments hold value, silver does as well.
At its most basic, silver is valuable for the same reason that anything is considered “valuable” — because we as a society have decided that it is valuable. Silver has been used for making coins and jewelry since the early days of history, which is one reason that silver is considered valuable. Silver is also quite conductive, which means that it has uses in industry as well.
Silver has many of the same qualities as gold, which is why many investors have similarly looked for different ways to invest in precious metals.
Silver vs Gold
Silver and gold have both been used as currency and jewelry since nearly the beginning of human civilization. They are both considered valuable precious metals and useful for portfolio diversification and as an inflation hedge. Deciding whether to invest in gold or invest in silver is in some ways a personal choice, and many investors decide to invest in both.
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What Are the Advantages of Investing in Silver?
One of the biggest advantages of investing in silver is that it can help diversify your portfolio. The rate of return for silver and other precious metals is not always correlated with that of other investments, which means that it can be a useful form of portfolio diversification. Silver is also cheaper than gold on a per-ounce basis.
Many investors also consider investing in precious metals to be an inflation hedge – it’s commonly believed that precious metals like silver or gold hold their value more efficiently or for a longer-term than cash or other assets.
If you invest in actual physical silver, another advantage is that it is a hard asset — it cannot be hacked or erased. Silver and other precious metals are one of the few investments that you can actually hold in your hand. Unlike other investments, your holdings in silver can also be as private as you want them to be.
What Are the Potential Drawbacks?
One drawback of investing in silver is that its price is considered fairly volatile. That doesn’t make it a great investment if you are only holding for the short-term. Prices for precious metals can fluctuate wildly over the short-term, and even over the long-term, may not provide investors with the type of appreciation they may have seen if they had invested in other assets.
Further, if you hold physical silver, you do run the risk of having it stolen. Unlike digital assets, physical silver may not be recoverable if it is lost or stolen. As such, if you are buying physical silver coins or bars, you will need to find a safe and secure way to store them.
💡 Quick Tip: Look for an online brokerage with low trading commissions as well as no account minimum. Higher fees can cut into investment returns over time.
Is Silver an Inflation Hedge?
As noted, investing in precious metals is often considered an inflation hedge.
Inflation is a natural phenomenon that gradually increases the cost of many goods and services. Silver has many uses – it can be used to mint coins, for instance, and be used as an actual currency, or be incorporated into other products. For that reason, it may hold its value more effectively than cash or other assets.
But there’s no guarantee that silver will always be an effective inflation hedge, and it’s important to remember that it’s a volatile asset.
How Can I Invest in Silver?
There are a number of different ways to invest in silver, depending on what you’re looking for in your portfolio. One popular way to invest in silver is by buying physical bars or coins of silver. Another possible way to invest in silver is by investing in the stocks of silver mining companies.
Silver Funds
It may also be possible to invest in silver using various types of funds, such as exchange traded funds (ETFs) that own silver or silver mining companies. There may also be options for investors to invest in mutual funds with concentrations in the silver industry or market, too – doing a bit of research to see what your options are in relation to silver investments is likely to yield results.
The Takeaway
Investing in silver offers investors a way to add an alternative asset to their portfolio, which can help them diversify, and hedge against inflation. There are many ways to invest in silver — including investing in silver mining companies, silver ETFs or owning physical silver like coins or silver bullion.
But investing in silver has its risks, and investing in precious metals typically means investors are okay with adding a relatively volatile asset to their portfolios. As always, if you have questions, it may be a good idea to speak with a financial professional.
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FAQ
Does owning silver diversify your portfolio?
Depending on the composition of your investment portfolio, owning silver can diversify your portfolio. Silver and other precious metals are often considered an inflation hedge, meaning that their price generally holds its value, regardless of the inflation rate. The rate of return on investing in silver and other precious metals is also not often correlated with returns of other types of investments, like the stock market or real estate.
Will the price of silver always go up?
Like all investments, there is no guarantee that the price of silver will always go up. The price of silver can fluctuate wildly, which means that depending on when you buy and/or sell, you may lose money. Before investing in silver, make sure you understand the risks and drawbacks of silver investing.
What are some alternative metals to silver?
Probably the most popular alternative precious metal to silver is gold. Like silver, gold has been used in currency and jewelry for most of the length of human civilization. Other options for investing in precious metals if you’d rather not own gold or silver are platinum or titanium.
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Getting into gold coin investing can be a smart move for anyone looking to add some shine to their financial strategy. In this guide, we’ll give you the lowdown on different types of gold coins, how to figure out what they’re really worth, and tips for keeping your investment safe and sound.
You’ll also get the inside scoop on dealer markups, how to make sure you can cash out when you need to, and the steps to check that your coins are the real deal. Ultimately, we want to empower you with the knowledge to make informed decisions and enhance your investment portfolio with the timeless appeal of gold coins.
Key Takeaways
Gold coins offer investment diversity, with bullion coins being tied to gold content and purity, numismatic coins prized for their rarity and design, and semi-numismatic coins providing both gold value and collectible interest.
Key factors in gold coin investment include understanding premiums over spot price, ensuring liquidity and ease of resale, and selecting appropriate storage options to safeguard the investment.
Investing in gold coins entails choosing reputable dealers to prevent counterfeit risks, understanding tax implications like capital gains, and considering gold coins as a way to diversify and hedge against inflation within an investment portfolio.
The Fundamentals of Investing in Gold Coins
Gold coins, with their gleaming allure and historical significance, offer investors a tangible asset that stands the test of time. They come in various forms, each bearing unique characteristics and investment potential.
From bullion coins valued for their gold content and purity to collectible gold coins prized for their rarity and historical significance, the world of gold coins is as diverse as it is fascinating. As a form of precious metals, these coins, along with silver coins, provide a sense of security and value for investors.
Bullion Coins
Bullion coins, including bullion gold coins, are the go-to choice for those seeking straightforward exposure to gold. Valued based on their gold content and purity rather than historical and artistic considerations, a bullion coin like the Canadian Maple Leaf and American Gold Buffalo offers a direct link to the global gold market. For those interested in other forms of investment, gold bars can also be considered.
Numismatic Coins
For the history buffs and collectors, numismatic coins offer a unique allure. These coins are valued not just for their gold content, but also for their rarity, historical significance, and the artistry of their designs. Their value is less tethered to the spot price of gold, making them less susceptible to short-term market fluctuations.
Semi-Numismatic Coins
Straddling the line between bullion and numismatic coins are semi-numismatic coins. These coins offer both the gold value of bullion coins and the collectible appeal of numismatic coins. Their versatility makes them an attractive choice for a range of investors, from those seeking a straightforward gold investment to collectors looking for unique assets.
Top Gold Coin Options for Investors
There are a wide variety of gold coins to choose from, which can be overwhelming for new investors. However, some standout choices have captured the attention of investors worldwide. Let’s examine three popular gold coin options: the American Gold Eagle, the Canadian Gold Maple Leaf, and the South African Krugerrand.
American Gold Eagle
The American Gold Eagle coin, prominently displaying Lady Liberty and an American bald eagle, not only represents American heritage and freedom but also stands as a testament to the nation’s robust minting capabilities.
Introduced in 1986, these coins are struck in 22-karat gold, which includes a small alloy of copper and silver to ensure durability. Their availability in multiple denominations—1 oz, 1/2 oz, 1/4 oz, and 1/10 oz—makes them accessible to a wide range of investors, from those starting out to seasoned collectors. The blend of historical significance and investment flexibility has cemented their status as a favored option in precious metals markets.
Canadian Gold Maple Leaf
Produced by the Royal Canadian Mint, the Canadian Gold Maple Leaf is globally acclaimed for its .9999 fine gold purity, one of the highest in the market. Launched in 1979, this coin features the sugar maple leaf, a national symbol of Canada, which underscores the country’s appreciation of its natural environment and cultural heritage.
Its cutting-edge security features, like light diffracting patterns of radial lines and micro-engraved laser marks, ensure its authenticity and protect investors. The coin’s combination of high gold content and stunning design makes it not only a secure investment but also a collector’s delight.
South African Krugerrand
The South African Krugerrand is renowned for being the first gold bullion coin available to the general public, introduced in 1967 to help market South African gold. Named after the 19th-century Boer leader and the rand, the national currency, this coin features the image of Paul Kruger on one side and the Springbok gazelle on the other, celebrating South Africa’s rich wildlife and cultural heritage.
Unlike many other gold coins, the Krugerrand is minted from a gold alloy that is 22 karats, or 91.67% gold, with the remainder being copper, giving it a distinctive, more durable rose tint. This combination of affordability, durability, and cultural symbolism makes it a staple in the global gold trade, appealing to both investors and collectors alike.
Factors to Consider When Investing in Gold Coins
Investing in gold coins doesn’t just stop at choosing the right coin. It’s also about understanding the inherent factors that come with it. Let’s explore these key factors: premiums over spot price, liquidity, and storage options.
Premiums and Spot Price
While the spot price of gold is a key factor in determining the price of a gold coin, it’s not the only cost to consider. Premiums over the spot price can significantly impact the overall investment returns. Therefore, it’s essential to understand how premiums work and to be mindful of market trends.
Liquidity and Ease of Sale
One of the key advantages of gold coins is their liquidity. Gold coins are recognized worldwide and can generally be sold in any volume. However, the ease of sale can vary depending on the specific coin and market conditions.
Storage Options
Once you’ve invested in gold coins, you need a safe place to store them. Storage options range from home safes to professional vaulting services. Each comes with its own advantages and costs, and choosing the right one is crucial to the security of your investment.
How to Buy Gold Coins Safely and Securely
Investing in gold coins requires careful planning and vigilance. From choosing a reputable dealer to avoiding counterfeit coins and inspecting your purchase upon delivery, let’s explore how to buy gold coins safely and securely.
Choosing a Reputable Dealer
Purchasing gold coins from a well-established dealer is the first step towards a secure investment. A reputable dealer provides high-quality coins and offers invaluable customer support and guidance.
Avoiding Counterfeit Coins
Counterfeit coins pose a significant risk to investors. It’s crucial to understand how to identify counterfeit coins and ensure the authenticity of your purchase. From requesting documentation to conducting physical tests, vigilance is the key to safeguarding your investment.
Delivery and Inspection
The final step of your gold coin purchase is the delivery and inspection of your coins. Upon delivery, be sure to promptly inspect your gold coins to ensure they meet quality and authenticity standards.
Tax Implications and Legal Considerations
Like all investments, gold coins come with their own set of tax implications and legal considerations. From capital gains tax to reporting requirements, it’s crucial to understand these aspects to avoid legal complications and ensure a smooth investment journey.
Capital Gains Tax
Profits from the sale of gold coins are subject to capital gains tax. The rate of this tax can vary depending on the holding period of the coins and the investor’s income level. It’s essential to understand these rates and plan your investments accordingly.
Reporting Requirements
Certain gold coin transactions may be subject to reporting requirements. Be prepared to declare your holdings when necessary and ensure you comply with all applicable regulations.
Legal Ownership
Maintaining accurate records of transactions and ownership is crucial when investing in gold coins. These records not only help establish legal ownership, but are also essential for proper tax reporting.
Diversifying Your Investment Portfolio with Gold Coins
Bringing gold coins into your investment portfolio can add a unique layer of diversification. They can hedge against inflation, balance risk with other investments, and open up opportunities for both long-term and short-term investment strategies.
Hedging Against Inflation
In times of economic uncertainty, physical gold, particularly gold coins, can serve as a protective hedge against inflation. As the cost of living rises, gold coins can help maintain the value of your investment portfolio, safeguarding your purchasing power.
Balancing Risk with Other Investments
Including gold coins in your investment portfolio can help balance risk. The value of gold coins often moves inversely to other asset classes like stocks and bonds, providing a buffer against market volatility.
Long-Term vs. Short-Term Investment Strategies
Whether you’re looking for a long-term investment to weather market fluctuations or a short-term investment influenced by temporary market trends, gold coins can be a fit for your gold investing strategy, making them a viable option for gold investments.
The choice depends on your financial objectives and risk tolerance.
Bottom Line
Investing in gold coins can be a rewarding journey. From understanding the basics to navigating tax implications and legal considerations, it’s a path filled with learning and potential growth. As you progress, remember the importance of diligence, careful planning, and informed decision-making. With the right approach, you can unlock the golden opportunities that await in gold coin investing.
Frequently Asked Questions
How do I determine the authenticity of gold coins?
The authenticity of gold coins can be verified through several methods, including checking for hallmarks, weight and size measurements, and performing sound and magnetism tests. Purchasing from reputable dealers and considering third-party grading and certification can also ensure authenticity.
Can I purchase gold coins from banks?
Some banks do offer gold coins for sale, but availability can vary widely depending on the bank and the country. It’s often more common to purchase gold coins from specialized bullion dealers, coin shops, or online marketplaces.
How does the price of gold affect gold coin values?
The value of gold bullion coins is closely tied to the current market price of gold, known as the spot price. As the price of gold fluctuates, so does the value of gold coins. Numismatic and semi-numismatic coins may also be affected by gold prices, but their value is more influenced by rarity, condition, and historical significance.
Are gold coins a good option for short-term investments?
Gold coins can be a good option for short-term investments if you are knowledgeable about the gold market and current economic conditions. However, due to the premiums over the spot price and potential market volatility, gold coins are generally considered a more stable long-term investment.
How do I store and insure my gold coin collection?
Gold coins should be stored in a secure location, such as a safe deposit box at a bank or a home safe. For insurance, you can add a rider to your homeowner’s insurance policy or obtain a separate policy specifically for valuable items like gold coins. Ensure that your insurance policy covers the full value of your collection.
What impact do market conditions have on gold coin investing?
Market conditions can significantly impact gold coin investing. Economic uncertainty, inflation, and currency devaluation typically increase demand for gold, potentially raising gold coin prices. Conversely, a strong economy might lead to less demand for gold as an investment.
Is it better to invest in gold coins or gold bars?
The choice between investing in gold coins or gold bars depends on your investment goals. Coins are better for those interested in collectability and legal tender value, while bars typically have lower premiums over spot price and may be preferable for those focusing purely on the gold content and investment.
How do I sell my gold coins when I want to cash out?
To sell your gold coins, you can approach coin dealers, precious metal exchanges, online marketplaces, or auction houses. It’s important to research the current gold price and get multiple quotes to ensure you receive a fair price for your coins.
For many precious metals investors, gold bullion is a highly regarded store of value. The word ‘bullion’ refers to the pure or nearly pure form of gold, silver, and other precious metals.
When investing in gold, purchasing bullion ensures you’re dealing with the genuine article.
How does bullion work?
Investors are attracted to precious metals because they have a limited supply, and tend to increase in value over time. Additionally, they tend to perform well in terms of value during times of economic difficulty when other asset classes may struggle.
As a result, bullion reserves can both diversify investment portfolios and provide a hedge against several economic risks.
The dictionary definition of bullion is “gold or silver in bulk, before coining”. However, in practice this term can also refer to other metals such as platinum and palladium, or even copper. Above all, for a piece of precious metal to be considered bullion, it must have a very high degree of purity.
Gold and silver bullion comes primarily in the form of gold and silver coins, bars and rounds. Bullion is often used for investing, trading and banking. It can be invested in via physical precious metal, gold ETFs and also futures contracts.
What are the different types of bullion?
While there are many stores of precious metal, such as jewelry and vintage coins, as mentioned above precious metal bullion usually comes in bars, coins or rounds.
While other stores of precious metals can have good bullion value, investment-grade bullion will always have the exact weight and purity markings required to be considered genuine.
Bars
The bullion bar is the most recognizable and popular store of precious metal. Gold and silver bars come in several sizes and weights, measured in grams or ounces depending on the size. One ounce gold bars (or one troy ounce) and one ounce silver bars are among the most popular due to their affordability.
Other smaller weights are also popular, especially when it comes to silver which is more volatile in price compared to gold. Among the advantages of buying bullion gold or silver bars are the lower premium prices compared to spot bullion prices.
Coins
In addition to bars, gold and silver bullion coin has long been a popular store of precious metal. Though the US Mint no longer produces these coins for regular circulation, they do still mint investment-grade bullion coins.
The American Eagle Gold coin, and the Silver Eagle coin are the best-known examples of these government mints. Other countries also issue similar investment silver and gold coins, such as Canadian Maple Leaf coins and the Australian Silver Kangaroo.
Rounds
Bullion rounds look just like coins, too, however there are significant differences. Rounds carry no face value and aren’t minted as legal tender by the government. Instead, rounds are private mints intended primarily as commemorative investments for coin collectors. While there are some gold rounds in circulation, most investment-grade bullion rounds are made of silver or copper.
Many silver rounds have been minted with a range of different designs, increasing their popularity as collector’s items.
Rounds usually have lower premiums when compared to the spot market price of gold or silver coins.
Irregular Bullion
While most bullion comes in standard forms, you may also encounter irregular pieces that contain investment-grade gold or silver. Think genuine gold jewelry, antique silver and even granulated silver, for example. Such items can be considered for their bullion value if they are genuine.
Keep in mind that if you plan to invest in any irregular form of bullion, you’ll need to be aware of the exact weight and purity of the precious metal. Otherwise, you won’t be able to liquidate your investment in the future.
Gold Bullion
Gold bullion refers to physical gold that has been melted down with a purity of 99.5% or 99.9%. Whether in the form of gold bullion bars or gold coins, gold bullion is one of the most popular safe-haven investments on the market.
In the form of both gold bars and gold coins, gold bullion is traded daily with spot rates determined by markets such as the London Bullion Market Association. Gold and silver prices tend to be relatively stable. However, silver is more volatile than gold.
Both online and brick-and-mortar dealers can allow you to buy gold coins easily.
Silver Bullion
Silver bullion bars and coins are usually 99.9% pure silver (otherwise known as .999 silver). That means it contains only .5% of other non-precious metals. The American Silver Eagle is perhaps the most well known silver coin. Silver bullion coins are particularly popular among investors and collectors, as the smaller weight compliments silver’s tendency to fluctuate in price.
Like gold, silver is often used for portfolio diversification, as well as hedging against inflation. Silver can be easily purchased online, particularly silver coins. Remember to always check the latest market spot price when considering purchasing bullion coin.
In addition to gold and silver, the precious metals industry offers other kinds of investment-grade bullion. Precious metals prices tend to be cheaper and therefore more accessible than gold or silver. Platinum and palladium are particularly popular today.
Palladium, for example, is a commodity with less volatility than gold or silver, making it an attractive asset for diversification. Precious metals investors also see platinum as a popular and affordable way to diversify an investment portfolio, as it has a growing number of uses across several industries.
Purchasing and Investing in Bullion
Generally speaking, buying physical gold or silver bullion isn’t complicated. You can purchase bullion from both online and brick-and-mortar precious metal dealers. Online dealers often carry lower premiums due to their reduced overhead costs.
There are several ways of investing in bullion that don’t involve buying physical precious metal.
Physical Form
Investors who wish to invest in precious metals can purchase physical bullion coins or bars with a reputable dealer. Gold and silver bars or coins can be purchased and kept in a home safe, with a reliable depository, or with a bank. You might also choose to purchase bullion in an allocated account at a bank which will hold the bullion on your behalf.
Exchange-Traded Funds (ETFs)
While the idea of owning a physical gold coin is cool, it may not be the most practical investment vehicle depending on your portfolio. Investing in gold or silver through exchange-traded funds isn’t the same as owning it, but it provides convenient access to the bullion market by tracking prices.
A gold ETF also eliminates the problem of finding secure storage for physical gold.
Futures Contracts
A futures contract is an agreement between investors to buy or sell an asset at a set price on a specific date in the future. There are all manners of futures contracts available on the market, including for gold and silver bullion.
Because futures trade in contracts rather than shares, this form of investment is best suited to experienced investors. Futures contracts can easily run over $100,000 per contract, so they are significantly more high risk compared to other investment forms.
Frequently Asked Questions
What’s the difference between gold and gold bullion?
Gold is a natural precious metal known for its scarcity and popularity throughout history. Gold ore is mined and extracted from the earth before being melted for various uses.
Gold bullion is gold that has been produced for investment purposes, with bullion bars and coins being pure or nearly pure gold. On the other hand, for example, most gold jewelry will contain other metals reducing the purity of the gold.
What is the cheapest way to buy gold?
Generally, the most affordable way to purchase gold bullion coins or bars is with an online bullion dealer. Because online dealers don’t have the kind of overhead costs that brick-and-mortar dealers do, they often offer lower premiums over the gold spot price.
Always be sure to check the current gold prices before you buy, to ensure you’re getting a fair deal.
Is gold bullion a good investment?
Because gold is less volatile than stocks and other precious metals, it is largely considered a safe-haven investment. Many investors see gold as a good hedge against inflation and other economic risks, as historically, it performs impressively through periods of economic difficulty.
What is the difference between bullion and coins?
While genuine bullion can come in the form of a coin, the term coin simply refers to any round minted metals that are issued by a Central Bank.
Gold bullion bars and coins are a type of precious metal product produced for investment purposes. A popular example of bullion coins are the American Gold Eagle coins. Unlike regular coins such as nickels and dimes, however, their value comes from their intrinsic precious metal content, rather than their face value.
What is the difference between proof coins and bullion coins?
Proof coins are early samples of a given coin used to ensure quality. Because they are historically scarce, rare proof coins are often highly valuable as collectors’ items.
Bullion coins, on the other hand, are any high purity precious metal coinage designed for investment purposes. They are not as rare as proof coins and don’t often carry the same scarcity premiums for precious metals investors.
What are numismatic coins?
Numismatics is the study and collection of coins in general. While bullion coins are valued based on their precious metal content, numismatic coins are collectors’ items and carry premiums based on their rarity.
Where can you buy gold bullion?
The easiest way to buy gold bullion is through a bullion dealer. You can either find a local dealer and visit in person, or find an online seller. While the general services are the same, keep in mind that there will be variations between bullion dealers. Things like pricing, availability and quality can all vary, so you may want to do some shopping around before making a purchase.
When it comes to saving for retirement, you have many options to choose from. But one that you may not have considered is investing in gold—namely, a gold IRA.
A gold IRA is a simple yet innovative type of individual retirement account (IRA). Instead of the conventional holdings of stocks and bonds, it invests in precious metals, primarily gold, but also in silver and platinum.
Investing in a gold IRA presents a potential opportunity for safeguarding your savings from economic turmoil and expanding the diversity of your asset portfolio. Nevertheless, it’s important to keep in mind that a gold IRA may not be a suitable option for everyone, and a thorough evaluation of your personal financial situation is crucial before making an investment decision.
This article will provide you with a comprehensive understanding of gold IRAs and equip you with the knowledge necessary to make an informed investment choice.
What is a Gold IRA?
A gold IRA, also known as a precious metals IRA, is a type of investment vehicle that gives you the ability to hold physical gold, silver, and other valuable metals. You have the option of funding this account either with pre-taxed money or as a Roth IRA with post-tax funds.
Your savings will not be invested in stocks, bonds, or mutual funds but rather in precious metal coins or bullion, providing a tangible form of investment. The tax rules and procedures for a precious metals IRA are similar to those of any other IRA.
Investing in gold bullion and other precious metals goes beyond just IRAs. Some investors choose to purchase stocks or exchange-traded funds (ETFs) in gold mining companies or precious metal funds. However, the majority of gold investors prefer to keep their investments in physical precious metals.
Types of Gold IRAs
There are three main types of gold IRAs: traditional, Roth, and SEP.
Traditional gold IRA: – Traditional gold IRAs are funded with pre-tax dollars and require you to pay income tax on withdrawals in retirement.
Roth gold IRA – Roth IRAs are funded with after-tax dollars and allow for tax-free growth and tax-free withdrawals in retirement.
SEP gold IRA – SEP IRAs are intended for self-employed or small business owners and are funded with pre-tax dollars. Contribution limits are different, and business owners can contribute on behalf of their employees.
The IRS has strict guidelines for the kinds of metals that can be included in a gold IRA. The only precious metals that can be included are gold, silver, platinum, and palladium.
Here is an overview of each of the IRS-approved precious metals, as well as the requirements for each.
1. Gold
To be eligible for inclusion in a self-directed gold IRA, gold coins or bars must adhere to stringent purity standards, with a minimum of 99.5% purity. Any gold that fails to meet this standard will be rejected.
Should the gold pass the purity test, it must be securely stored in an approved depository, which is a specialized facility specifically designed to protect precious metals.
Having a trusted and IRS-approved custodian is also a requirement, who will serve as the trustee of the IRA and oversee the safekeeping of the gold. Some of the most sought-after gold coins and bars for IRAs include:
American Gold Eagle coins
American Gold Buffalo coins
Australian Gold Kangaroo/Nugget coins
Austrian Gold Philharmonic coins
Johnson Matthey Gold bar
Valcambi Gold CombiBar
Canadian Gold Maple Leaf coins
Credit Suisse Gold bars
2. Silver
The purity of silver coins must be at least 99.9% to be eligible for deposit in a gold IRA. The following is a list of silver coins and bars that meet the approval criteria for inclusion in an IRA:
American Silver Eagle coins
Australian Kookaburra Silver coins
Austrian Philharmonic Silver coins
Canadian Silver Maple Leaf coins
Mexican Silver Libertad coins
Johnson Matthey Silver bar
Royal Canadian Mint Silver bar
3. Platinum
Platinum coins and bars must meet or exceed a purity standard of 99.95%. Here is a list of IRA-approved platinum bars and coins to consider:
American Eagle Platinum coins
Australian Koala Platinum coins
Canadian Maple Leaf Platinum coins
Isle of Man Noble coins
4. Palladium
And finally, palladium must meet a purity standard of 99.95% or higher. Here is a list of IRA-approved palladium bars and coins:
Canadian Palladium Maple Leaf coins
Russian Ballerina Palladium coins
Baird Palladium bars
Credit Suisse Palladium bars
If you’re interested in investing in a gold IRA, you need to be mindful of the accepted metals. While there may be other precious metal bars and coins that are sought after by collectors, they may not be eligible for investment within a gold IRA. To ensure you’re making the right investment decisions, it’s best to work with a trusted precious metals company.
To avoid any issues, make sure to double-check with your IRA company before investing in any precious metals you’re unsure about. Here’s a list of metals that are not approved for investment in a gold IRA:
Austrian Corona
Belgian Franc
British Sovereign and Britannia
Chilean Peso
Chinese Panda coins
Dutch Guilder
French 20 Franc
Hungarian Korona
Italian Lira
Mexican Peso
South African Krugerrand
Swiss Franc
Pros and Cons of Gold IRAs
Before investing in a gold IRA, it’s important to weigh the pros and cons. Here are some key factors to consider before making a decision.
Pros
Since the Financial Crisis of 2008, gold IRAs have become a popular investment option for people looking to diversify outside the stock market. Many people believe that gold is a good way to protect yourself against inflation.
And gold IRAs are not as difficult to invest in as they were in the past. Due to increased demand, there are more legitimate gold IRA companies available that will help you buy and manage your gold and precious metals investment.
Cons
One of the biggest downsides to opening a gold IRA is that the startup costs can be high. Plus, gold doesn’t pay dividends or interest, which kind of defeats the purpose of putting it in a tax-advantaged investment.
Plus, many people find it tricky to make withdrawals on gold IRAs, since gold isn’t a liquid asset.
You also need to be sure that you’re working with a reputable company that knows what they’re doing. Otherwise, it’s easy to fall victim to scam artists.
How to Get Started With a Gold IRA
Starting a gold IRA requires opening a self-directed IRA account, which offers greater flexibility in terms of investment options. You’ll be responsible for managing this retirement account, but you’ll need the assistance of a broker for buying gold and securing your assets.
When selecting a custodian, consider a bank, credit union, or brokerage firm that has been approved by a state or federal agency. You may also ask your gold dealer for recommendations on trusted brokers.
Start-Up Costs to Open a Gold IRA
Unlike traditional IRAs, a gold IRA comes with a few extra expenses. Here are some of the most significant expenses you’ll need to know about:
The markup fee: When you buy gold or precious metals, you may have to pay a markup fee. This is a one-time upfront fee, and it will vary based on the vendor you choose.
IRA setup fee: The setup fee is another one-time fee you’ll pay to set up your IRA account. Again, this will vary depending on the broker you choose. However, it will likely be more costly because not every firm deals with gold IRAs.
Custodian fees: You’ll have to pay an annual fee for the custodian who’s managing your gold IRA.
Storage fees: Your gold must be stored in a secure, approved location. For that reason, you’ll have to pay annual storage fees.
Bottom Line
If you seek to diversify your portfolio beyond the stock market, a gold IRA could be a suitable option. Precious metals like gold are often considered secure investments and can act as a safeguard against inflation.
On the other hand, other methods of asset diversification may be more economical and less cumbersome. Some people regard gold as a poor choice for a tax-deferred investment, as it does not produce income.
If you opt for a gold IRA, be sure to thoroughly research your metals dealer and custodian, to ensure the protection of your investment and to steer clear of scams.
Frequently Asked Questions
Is a gold IRA a good investment?
It depends on your personal financial circumstances and investment objectives. While some view gold as a way to hedge against inflation and diversify their portfolio, others may not find value in physically investing in the precious metal. To make an informed decision, it’s crucial to thoroughly examine both the potential risks and benefits before investing in a gold IRA.
How do I set up a gold IRA?
To set up a gold IRA account, you will need to find a gold IRA company that specializes in setting up precious metals IRAs. Gold IRA companies will provide you with the necessary paperwork and guidance to open and fund your account.
Are there any restrictions on what types of gold I can hold in my IRA?
Yes, there are specific rules for the types of gold that can be held in a precious metals IRA. The gold must be at least 99.5% pure and must be in the form of coins or bars from an approved refinery or mint. Some common examples of approved gold coins include the American Gold Eagle and the Canadian Gold Maple Leaf.
What is the difference between a traditional IRA, Roth IRA, and SEP IRA?
A traditional IRA is a tax-advantaged account that allows you to contribute pre-tax dollars and potentially receive a tax deduction on your contributions.
A Roth IRA, on the other hand, is a retirement account that accepts post-tax contributions, but all qualified withdrawals, including earnings, are tax-free.
Lastly, a SEP IRA is a retirement savings plan designed for self-employed individuals and small business owners. It enables them to make tax-deductible contributions to a traditional IRA for themselves and their employees.