• Home
  • Small-Business Marketing Statistics and Trends
  • What Is Mobile Banking?
  • How Student Loans Affect Credit Score?
  • Refinancing an Inherited House
  • How to Build a Kitchen?

Hanover Mortgages

The Refined Mortgage Lending Company & Home Loan Lenders

monthly expenses

Apache is functioning normally

June 3, 2023 by Brett Tams

Inside: Learn why you may want to drive a beater car. Plus find tips to make sure you are getting a good deal.


Okay, let’s preface with… my dad has been in the car industry for over 40 years. So, I have grown up in dealerships, car garages, and service centers. My friends call me an expert, but I prefer to just be helpful so they don’t overpay when buying or getting repairs done.

Now, that authority is established, let me help you understand the beater car mentality.

If you are looking for a cheap used car, but don’t know where to find one, check out this guide that will help you get started.

Buying a used car can be tricky. It’s not just about finding one that is inexpensive, but also getting the right size for you and your lifestyle.

There tends to be more mystery surrounding what it’s like buying a new car from the dealership than an old one from somewhere else.

The main reason is that usually, they do not disclose how much of the price tag is going towards depreciation. What happens when your brand-new vehicle goes through years worth of wear and tear? It depreciates at a staggering rate and you end up with the same old car that’s only worth what is left of it.

Did you notice that keyword in the last paragraph – depreciation!

For many who are choosing to lower their costs and pursing FIRE movement, they know that a brand new car will depreciate the most within the first five years.

In this article, I will be shedding some light on how to find a cheap used car in your area if you are shopping for one. Also, if you are maintaining a beater car, you will find the tips to make sure your car lasts many more years.

Driving a beater car is not a sign of being poor or reckless. You still need proper auto insurance to drive.

With this guide, you’ll find out which cars have what features and quality that will fit your needs and lifestyle. Now, let’s find a car with features that are important to get around town and save your wallet!

Beater car is a term used to describe a vehicle that doesn’t look like it has any value. But could still be worth something if you have the right tools and know-how!

What Is a Beater Car?

A beater car is usually an older, higher-mileage vehicle that still runs and is legal to drive.

The term “beater” was coined because many of them have cosmetic damage and mismatched paint.

A beater car is rarely pretty but “gets the job” when it comes to getting you and yours from here to there.

What is the point of a beater car?

A beater car is a reliable and easy-to-fix car that is cheaper than a new car.

The point of a beater car is to save money and reduce the amount of maintenance that needs to be done on it.

It has little intrinsic value, & while not “easy on the eyes,” a beater car is generally a smart choice to wear into the ground.

There are many advantages to buying a used car, including insurance savings, tax breaks, and lower operational costs.

Beaters can also provide peace of mind because they are easier to repair if something does go wrong.

Should you drive beaters?

People are in different situations when they are buying cars.

The best customers for cheap cars are either first-time car buyers or people who have to save some cash to reach a financial goal they set in place.

On the other hand, if you like reliability, make income from your car, enjoy looking good, or do not know your way around a car, maybe you should skip a beaters car.

How Can You Recognize a Beater Car?

Picture of a beater car.

A beater car is a car that is older and cheaper than other cars in its class. It may also have high mileage or corrosion on the body. You can look for these signs to help you identify a beater car.

More than likely, they will be easy to spot. Many common ones include Honda, Toyota, and Suburu. Those are the engines that can keep on running!

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.

Is a Beater Car Worth It?

Picture of a beater car and some money.

Well, there are two sides to the coin on this one. So, we will present both arguments first.

Definitely Worth It

Simply put, a beater car is one that doesn’t cost a lot of cash. You can find reliable and affordable beaters if you know where to look. In most cases, the best way to find a cheap used car is by checking out local classified ads or online listings.

Beater cars are a great way to save money on all sorts of fronts.

For starters, they’re cheaper to buy than most other cars. Additionally, used cars can help with taxes, insurance, and maintenance costs.

In short, a cheap car is a great way to get around while keeping your expenses low.

Um, Hello – No!

A beater car is not worth it. There are many reasons why you should not buy a beat-up vehicle. The first reason is that they are cheap, and the owner will most likely not take care of them properly. Not only will the car need repairs, but you could also have to buy a new one.

Didn’t you know that you can lease a vehicle for next-to-nothing with a low-interest rate? (p.s. don’t fall for that line. Leasing a car is the worst thing you can do financially. That is a post for another day on leasing vs buying a car.)

All in all, it depends on what you need and what you can afford at the moment. For many, the answer to this question is yes, but only if you are looking for a cheap car.

What is the price of a beater car?

A used car is a vehicle that has been previously owned, so it has depreciated in value.

The price of a beater car is difficult to determine and varies depending on the quality of the vehicle, its condition, and what it might have been used for. Typically, you can find a solid mechanical vehicle for around $5000.

You can always check against the KBB price and run the VIN to check its reported history.

Beater Car Benefits:

The benefits of a beat-up car are listed here. Many people are proud of their vehicles and proudly want to be a part of the 200k miles club.

  • They include the opportunity to drive around with no maintenance, the ability to use it for parts, and the freedom from monthly payments.
  • A used car is cheaper upfront than a new car.
  • Cheaper on insurance. Beater cars require minimum coverage, so they’re cost-effective for monthly expenses.
  • A beater car is cheaper on gas (this is true for sedans; not so much for SUVs or trucks.)
  • The car will retain its value and not depreciate much more.
  • The car can still be sold for what was paid for it, as long as it is in the same condition.

Now, let’s dive a little deeper into each of these.

#1. Cheap Price

One reason to prefer a cheap car is because of the low price point.

For the first time ever, the price of a new car tops $47000 – an all-time high (source). That is a whole lot of money especially when it loses most of its premium in the five years.

Driving a beater may not feel as luxurious as driving a newer car, but the cheap price point lets you save money.

#2. No Car Payments

There are many benefits to not having car payments.

One of the most obvious is that you save money. In addition, not having car payments can also reduce stress and anxiety levels, because you’re not as tied down to a monthly payment.

It is not normal to have a car payment your whole life. That lifestyle will cost you a fortune with lifestyle creep.

#3. Cheaper Gas

Old and beaten-down cars that don’t require premium fuel will be heaven for your wallet, saving you hundreds, maybe even thousands of dollars per year.

Gas prices vary throughout the day, so drivers should plan their trips around the cheapest prices. In addition, using a cheap car can save you money on gas in the long run.

#4. Cheaper Parts

First of all, you need to find a reliable mechanic or be able to do some of the work by yourself.

In addition to being cheaper, older car parts are also easier to find. Car parts are still available from common car manufacturers, so you don’t have to go through a premium supplier to get what you need.

Additionally, the older vehicles do not have the fancy chips like the newer cars that make the cost of parts increase and the difficulty of getting those types of parts.

#5. Minimum Insurance Coverage

Buying a used car saves money on car insurance.

You only need to meet the minimum insurance requirements of your state, and you don’t have to worry about finance companies taking out full coverage collision and comprehensive insurance.

However, you may want comprehensive coverage if the cost is minimal compared to replacing the car. For instance, if you pay an additional $50 per year for full comprehensive coverage that will give you the $5k worth of your car back if something happens. That may be worth the extra cost.

Plus driving a car with a lower resale value can help save on vehicle taxes.

#6. Less Depreciation

Older cars have already depreciated in value over the years, so they aren’t going to lose much more during the period of your ownership.

Plus if the engine gives out, you can always sell it for scraps and parts at the local junkyard. That will help you recoup costs for another one.

Remember, you wipe away value from your brand new car once you drive off the dealer’s lot (source). This is a hot debate on whether your car is an asset or liability.

#7. More Freedom

When you are not bogged down by expenses of maintaining a high-value car, you have more freedom.

This is more freedom in your budget and more time freedom as you don’t have to work hard to pay for your mode of transportation.

Think about it… if you invested $500 a month for seven years at the average rate of return of 8%, you would have accumulated $55,000. Compounding interest will do amazing things for your net worth.

Beater Car Downsides:

Saving money is the biggest benefit of buying a used car.

  • Beater cars are potentially less safe than modern cars.
  • Long-distance car rides might not be possible with a cheap car
  • Downsides to having a good beater car include the possibility of breaking down and being far away from home if needed.
  • Possible more maintenance.
  • There is more risk. You don’t want to gamble.

#1. Less Safety

Cars from before the 2000s don’t have the same crashworthiness as newer cars.

This is a factor that you cannot deny and a serious factor when considering your purchase.

In a collision, they are more likely to sustain damage and injure the passengers inside.

#2. Low Probability of Longer Trips

These are great for commuting around town and getting you to and from.

However, there is a low probability you want to use them on longer trips.

Given there are many things that could go wrong, you don’t want to break down far from home or even a nearby city where you can get repairs done.

You don’t anticipate needing to take this car on long trips in the near future because there is a low probability of needing to take it on longer trips. This is due, in part, to the fact that it doesn’t have great gas mileage and you don’t think you’ll need to use it for long distances.

#3 – Higher Maintancence Costs

You always need a sinking fund for repairs when you own a beater. Period.

You are one drive away from something going out and needing to be repaired.

Also, you need to find a quality mechanic that thrives on keeping older ones running without nickel and diming you along the way.

You cannot use a dealership service center to maintain your baby.

Which Are the Best Beater Cars?

Picture of a honda accord as one of the best beater cars.

The best beater cars are cars that are cheap, have low mileage, and are easy to repair. The cars are great to use as a daily driver, but they are not ideal for long distances.

Cheap cars can be a good option for car buyers on a tight budget or for young drivers.

There are many reasons to consider buying a used car over a new car, but the decision ultimately depends on the buyer’s needs and preferences

What are some good beater cars?

These reliable beater cars can be a great way to save money on car buying.

Some of the better cars to choose from that would make for a great beater include Toyota Corolla, Honda Accord, and Honda Civic.

They are old, but still in pretty decent shape. All in all, you want to look for one that is very well maintained and highly cared for. The ones sitting in your grandparent’s garages that were hardly driven and immaculately maintained.

What to Check Before Buying a Beater Car

The best way to ensure that you’re buying a good quality car is to do some research and make sure you know your facts.

All dealers are not created equal, so it’s important to check out what other people are saying about the dealer. Also, make sure that the car you’re buying is in good condition and has a clean title.

Many times, a beater is a car that is used to transport things such as furniture, trees, etc. Sometimes they are usually not very well maintained and maybe not very well cared for.

However, a used car can still be a good car for someone who is looking for a cheap car and does not care about the condition of the car.

Specifics to Look For:

  • Low mileage
  • Consider the brand/model
  • Fuel economy
  • Exterior and interior condition
  • Reliability
  • Maintenance history
  • Number of owners
  • Number of accidents
  • Anything rebuilt like the engine

For example, one of the Toyota Corollas I owed was older but had a new engine installed. Thus, the value of the Corolla was higher as the engine had minimal miles on it.

In fact, here is a picture of it… doesn’t look like a junker right?!?!

Questions to Ask Yourself:

Before buying a used car, you should check the following:

  • Is it in good shape?
  • On the engine, is it manual or automatic?
  • Is it the right size for your needs?
  • Does it have enough power?
  • Does it have enough room?
  • Is it reliable?
  • Is it comfortable?
  • Easy to drive?
  • Is it safe?

How to Buy a Beater Car

Picture of an infographic on buying a car.

When buying a beater car, you should check the following things:

1. Finding One to Buy

Many times, this will be the hardest part. Sometimes, the easiest if someone needs to get rid of one quickly.

Try buying a beater car from friends or family.

The next place to check is your mechanic. Remember, they are your best friends in this process and always know the movement of these types of cars.

Also, you can check online – Facebook Marketplace, NextDoor and Craigslist are great options but follow your instincts.

Lastly, you can try a local dealership. However, be very careful as you don’t want to be scammed or pay more than the car is worth.

2. Check the VIN Number

VIN stands for Vehicle Identification Number. A VIN is a serial number that identifies the make, model, and vehicle type of a motor vehicle.

The VIN number is a unique identifier for a car that can be used to learn about the car’s history and identity. The number is usually 17 characters long and contains both numbers and letters. It can be found on the dashboard, driver’s side door, or engine of the car.

More importantly, it can be used to learn about the car’s history and identity, including its make, model, year of manufacture, and more. Even if the car was stolen.

3. Look at Mileage

Beaters usually have high mileage, but how high is too high?

Do your research for what could be a red flag. Look up how the specific make and model you’re considering holds up in high mileage.

In this regard, lower is better, although beaters will generally have higher mileage than a newer used car. Look for beaters with 80,000 to 150,000 miles on the odometer, but don’t go over 150k miles. You want to drive it into the 200k mile club, right?

4. Run the Auto History Report

You want detailed information on a car’s history, including maintenance and repair records. This can be helpful in determining whether or not a car has been well taken care of. If a car has had many owners in a short period of time, it may be an indication that the car was neglected.

The VIN number (vehicle identification number) helps you obtain a vehicle history report by running through a service, like CARFAX. Companies like VINCheck.info and AutoCheck provide vehicle history information, too.

A good indication that a car may have been neglected or doesn’t run well is the fact that it has had many owners in a short period of time.

5. Checked by Your Own Mechanic

If you haven’t figured it out by now, a trusted mechanic is a must!

Before agreeing to the purchase, you must have the vehicle independently audited by your own mechanic. This may come at a small cost, but it is better to know the condition of the mechanical systems before you purchase.

Also, your mechanic can tell you what you should pay for it as well as any outstanding repairs or maintenance that needs to be done.

6. Passed State Inspection

When buying a car, it is important that it passes state inspection. If it doesn’t, you may end up spending more cash on repairs and/or fines.

You can ask for the last inspection report. If it has been more than a year, it is worth testing it again.

In any case, you don’t want to buy a car only to have it break down on you soon after.

7. Take it for a Test Drive

When you’re looking to buy a used car, it’s important that you take it for a test drive. This allows you to listen to any loud noises and also gives you a chance to feel the car out.

If something doesn’t feel right, then it’s probably not the right car for you.

When you’re looking to buy a used car, it’s important that the seller allows you to take the car to a mechanic for a test drive. If they don’t, it’s probably because they’re trying to hide something and it’s best to move on.

Fixing a Beater Car:

The best option for fixing a beater car is always to do the repair yourself. This will save your finances and allow you to learn more about how your car works. There are a variety of resources available online that can help you with this process, including videos, articles, and forums.

If you find a car with engine problems, you will need to consult a mechanic. The problem may be something simple that is quick fixes with a tune-up, or it may be more serious.

If the cost of repairing a used car is almost as much as what you paid for the car, then it may be time to move on.

Selling a Beater Car:

The process is very similar to buying it except now you are the seller!

The same places you would look for one would be the same places you would sell it – friends, NextDoor, Craigslist, mechanic, or Facebook Marketplace.

You might even be able to get some cash for your beater car by trading it in at a dealership. The dealership will likely give you less than if you had sold the car to a private party, but it’s better than nothing. However, some dealerships have pretty awesome trade-in policies to get you in a new and more expensive ride!

Reasons NOT to Buy a Beater Car

The most common reasons not to buy a used car are that they are very expensive to fix, impractical in terms of fuel efficiency, and require more time and effort than expected.

However, those of us who have owned older sedans, SUVs, or trucks know the significant savings associated with it and get many weird looks for others.

Top 10 Reasons NOT to Buy a Beater Car:

  1. You want/need a good-looking car.
  2. High reliability is a priority.
  3. You are a one-car family.
  4. You will lose your mind trying to fix it.
  5. It’s going to break down and you’ll be stranded somewhere, losing money.
  6. You will have to get a new car eventually anyway.
  7. It’ll cost you more money in the long run because it’s not worth fixing up and selling later on.
  8. You won’t be able to sell it for what you paid because it’s too beat up.
  9. You think leasing a car is a better deal.
  10. Deep down, you think a car payment is normal.

Is an Older Beater Car an Issue for You?

Beater cars can be a good option for people who want to save money on their car costs.

There are many advantages of a cheaper car including avoiding car loans and down payments, cheaper gas, and minimal insurance requirements. Plus used cars have already lost much of their value and are a better investment.

Maybe a full one beater isn’t right for you, but maybe a seven-year-old minivan with 85,000 miles is perfect.

In all honestly, people who are looking for a cheap car should consider buying an inexpensive car instead of a luxury car.

Now, I want to hear your favorite stories about your precious gem and how many miles it lasted…

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

Source: moneybliss.org

Posted in: Frugal Living, Money Tips Tagged: 2, About, affordable, All, Amazon, ask, asset, Auto, auto insurance, average, baby, before, Benefits, best, Budget, Buy, buyer, buyers, Buying, buying a car, buying a new car, buying a used car, car, car buying, Car Insurance, car loans, cars, chance, choice, city, Clean, commission, commuting, companies, compounding, Compounding Interest, cost, craigslist, debate, decision, disclosure, Down payments, Drivers, driving, Economy, expenses, expensive, facebook, Fall, Family, Features, Finance, finances, financial goal, Financial Wize, FinancialWize, fire, freedom, Frugal Living, fuel economy, fuel efficiency, fund, furniture, future, gas, gas mileage, gas prices, GEM, get started, goal, good, great, guide, helpful, history, home, hot, How To, in, Income, industry, inspection, Insurance, insurance coverage, interest, interest rate, investment, job, Learn, lease, leasing, Legal, liability, Life, Lifestyle, Links, Listings, Loans, Local, low, LOWER, Luxury, Main, maintenance, Make, miles, minimal, model, modern, money, monthly expenses, More, more money, Move, needs, net worth, new, Nextdoor, opportunity, or, Other, ownership, paint, party, payments, peace, place, plan, policies, poor, premium, present, pretty, price, Prices, probability, Purchase, quality, questions, rate, rate of return, reach, repair, Repairs, resale, resale value, Research, return, right, risk, room, running, safe, safety, save, Save Money, Saving, saving money, savings, Scammed, Sell, seller, selling, shedding, shopping, short, Side, simple, smart, Spending, stories, stress, tax, tax breaks, taxes, time, tips, title, top 10, town, trade-in, trading, Transportation, unique, used car, used cars, value, vehicles, Weird, will, work, wrong, young

Apache is functioning normally

June 3, 2023 by Brett Tams

INSIDE: Need help knowing how to budget? This step-by-step guide will help you create a budget that actually works. Includes free printable budget spreadsheet template!

This post may contain affiliate links. That means if you click and buy, we may receive a small commission. Please see our full disclosure policy for details.

When you’re trying to pay off credit card debt or save money, you’ll hear it time and again: “You need a budget.” But if you’ve never created a budget, the mere thought may make you want to run and hide. Making a spending plan that works is not hard, however, if you have someone to help you.

create a budget that works

create a budget that works

If you’re ready, I can help. Below you’ll find step-by-step instructions to follow to create your budget, whether you’re a beginner or have budgeted in the past.

You can use a pen and paper with our printable form or software for online budgeting.

Improving your money management skills doesn’t just mean spending less. It also means learning about your spending habits and making changes.

A few tweaks may help you pay off your debt and reach long term goals, such as saving for retirement.

MY BUDGET JOURNEY

I know it can be terrifying to really look at how you spend your money. Trust me, I’ve been in your shoes. But I’ve learned that the things that were the most challenging in my life have led to the biggest rewards.

Declaring bankruptcy was a low point for me. But it also taught me many valuable lessons about personal finance. Most importantly, I learned why I must have a budget.

My husband and I used to have a “bare bones budget.” Except it wasn’t, really. Rather, it was a piece of paper where I’d write down who I had to pay every month, so I didn’t forget.

When we began our journey to become debt-free, we had to look at all aspects of our finances. One thing we did was sit down together to create a budget.

Seeing our expenses and income in writing for the first time still sticks with me. I remember being in tears. It was shocking to see that we had not been in better control of our money.

Creating a budget made us acknowledge where we were, and we realized that we didn’t like what we saw. It instantly provided us with a goal: We wanted to make positive changes and get out of debt. It took time, but we did achieve our goal (and that was one of the best moments of my life).

I am going to be blunt here. Creating your first budget and managing your money with it will bring significant challenges your way.

But I can guarantee that it will be worth it in the end. Just wait until you can finally control where your money goes instead of the other way around. It is liberating.

Before we begin, you can download our free budget form by clicking on the pink box below.

If you want something more high-tech, I recommend You Need A Budget (YNAB) or EveryDollar. These are apps I’ve tested and reviewed. Both work very well, so I’m confident recommending them to you.

WHAT IS A BUDGET?

A budget is a plan that lists your estimated income and expenses for a specific period of time. Most people use a monthly budget period. Budgets are helpful for everyone, no matter what your financial situation is.

Tracking your spending in the past helps you predict your future cash flow so you can start saving more.

WHAT SHOULD BE INCLUDED IN A BUDGET?

It’s important to include every dollar you earn and spend when making a budget. Tracking your income is easy, but your budget should also include spending categories. Some you need to remember to use include:

Your list may include more categories or fewer. Our budget template includes categories that will cover just about anyone.

Read more: The categories you need to include in your budget

HOW TO CREATE YOUR BUDGET

Now that you have your categories, it’s time to start filling in the numbers. Follow these instructions to prepare your budget.

Step 1: Gather Necessary Papers

Before you begin, be sure you have all the things you’ll need. These include (but are not limited to):

  • Bank statements, including debit card payments
  • Pay stubs
  • Credit card statements
  • Utility bills
  • Monthly bills from various stores
  • Personal/vehicle loan information

Step 2: Calculate Your Income

Next, look at your pay stub(s). Your budget should reflect your monthly income. If your paychecks come more frequently than once a month, some simple calculations are necessary to come up with an accurate monthly income.

Here are some formulas to help you:

  • If you’re paid biweekly (i.e., every other Friday), add four pay stubs and divide by two to get your average monthly income.
  • For monthly pay, you can use the income you see if the amount listed for each pay period is the same. Otherwise, add three or four months’ worth of income and divide by the same number of months.
  • If you’re paid weekly, take the total of four income periods.
  • When you’re paid hourly or on commission (i.e., your income fluctuates), add your last four months of salary and divide by four to reach an average. If your income varies frequently, you’ll need to adjust your budget more often than someone with a regular income. You may also want to follow our tips for creating a budget with irregular income.

Step 3: Determine Fixed Expenses

You must make certain payments, such as your mortgage or rent, insurance premiums and car payments, on a regular basis. These recurring expenses are usually a fixed amount.

If your bill varies slightly each month (for instance, if your utilities aren’t on a budget billing system), take the past three months’ worth of statements and average them to get your estimated payment.

You can use a spending form to figure out the exact amounts to include in your budget. For example, say your October gas bill is $45.79, your November bill is $52.95, and your December bill is $49.22.

Add those three numbers and divide by three to reach your average (in this case, $49.32). I recommend you look at the months when your utility bills are the highest. For instance, you may use more gas or oil in the winter, so use those months as the basis for your budget.

One of the most important rules of personal finance is to pay yourself first. Do this by adding categories for saving. You need to save for a rainy day as well as for long term goals, such as college or retirement.

You can set up automatic transfers each month from your checking account to a savings account for your emergency fund (aim to build up at least three months’ worth of living expenses). If you have a retirement plan at work, such as a 401(k), your money is automatically withdrawn from each paycheck before you get it.

Step 4: Calculate Discretionary Expenses

Your discretionary expenses include those that vary more, such as food, gasoline and clothes. Treat them the same way you treated the gas bills described in step 3. Make sure you take the average of three months’ spending to get the figures to add to your budget.

Be sure to include occasional expenses, such as car repairs and maintenance. The goal is to pay these bills with your regular income instead of running up credit card bills.

Step 5: Fill in the Numbers

Transfer the figures you’ve calculated above to the appropriate spots on the budget form or spreadsheet. Put your monthly income at the top, followed by the amounts for each expense category.

The categories listed on our form are a guide for tracking your spending. You can add categories that aren’t included or ignore the categories you don’t need.

Add all your income and all your expenses. Then subtract your expenses from your income. The result should be zero. If it’s not, then figure out the changes you need to make.

  • If your total is a negative number: You’re spending more than you earn. Reduce your spending until the total reaches zero.
  • If your total is a positive number: You haven’t spent everything you make. Either increase your debt payments or your savings.

FINE-TUNE YOUR BUDGET

After you complete your budget for the first time, you may feel discouraged. As mentioned above, it happened to us. But once we started to rework the numbers, I began to feel better. I began to feel like I could live with a budget. It was tough, but nothing in life worth having is easy!

To balance your budget, first look at your fixed expenses. One I always like to mention is cable. We found out we were paying way too much and found a way to cut the expense in half. (As much as we would like to cut the cord entirely, we’re not yet there.)

Perhaps you could do the same and sign up for a lower-cost cable plan to free up some income. There are many other ways to reduce your monthly expenses, such as reshopping your insurance or refinancing your mortgage.

Once you’ve cut back your fixed expenses, it’s time to look at your discretionary spending. Perhaps you’re eating out a bit too much, so your budget takes a hit. You may even be overspending on shoes. These are areas where you might need to scale back to balance your budget.

Making these decisions isn’t fun, but consider what is more important: paying off debt or buying a bigger television. These are choices only you can make. But if you’re willing to scale back now and pay off debt, it will be worth it when you can buy that new TV or those new shoes without guilt!

If you’ve scaled back on everything you can and your budget still doesn’t balance, make some calls to your debtors. Ask for a reduced interest rate or a lower minimum payment on your credit cards. You never know what they will accept until you make those phone calls.

My husband and I wanted to get out of debt, so we decided that we wouldn’t eat out as often. For more than two years, we ate dinner out no more than 10 to 20 times a year. We saved a lot of money, which we used to pay off debt. It was challenging, but the result was well worth the temporary sacrifice.

WHAT TO DO ONCE YOU HAVE A BUDGET

First of all – congrats! You now have a budget you can use. You should revisit and update your budget at the end of each month.

After a few months, you probably won’t need to make any changes. But if you get a raise, have an added expense or finally pay off your car, that will require a shift in your budget numbers. Remember that your budget must always end in zero!

Creating a budget isn’t easy, but once you have one set up and continue to refer to it, it will pay off. You’ll find it helps because you are now telling your money where you want it to go rather than it telling you where it is going each month. Financial control is a fantastic feeling.

how to budget for beginners

how to budget for beginners

Source: pennypinchinmom.com

Posted in: Financial Advisor Tagged: 2, About, All, Apps, ask, average, balance, Bank, bankruptcy, before, beginner, best, bills, Budget, budget template, Budgeting, budgets, build, Buy, Buying, Cable, car, categories, Checking Account, Choices, Clothes, College, commission, cost, create a budget, creating a budget, Credit, credit card, Credit Card Debt, credit cards, Debit Card, Debt, debt payments, decisions, disclosure, Eating, eating out, Emergency, Emergency Fund, expense, expenses, Finance, finances, Financial Wize, FinancialWize, first budget, fixed, food, Free, fun, fund, future, gas, Get Out of Debt, goal, goals, guide, habits, helpful, hourly, How To, in, Income, Insurance, insurance premiums, interest, interest rate, journey, learned, lessons, Life, Links, list, lists, Live, Living, living expenses, loan, low, LOWER, Main, maintenance, Make, making, Making a Budget, Managing Your Money, money, Money Management, monthly budget, monthly expenses, More, Mortgage, new, Oil, or, Other, Pay Off Debt, pay off your debt, pay stub, paycheck, Paying Off Debt, payments, penny, Personal, personal finance, pink, plan, Printable, Raise, rate, reach, ready, refinancing, Rent, Repairs, retirement, retirement plan, rewards, running, sacrifice, Salary, save, Save Money, Saving, Saving for Retirement, savings, Savings Account, simple, Software, Spending, spending habits, Spending Less, spreadsheet, Start Saving, Tech, television, time, tips, tracking, trust, tv, update, utilities, utility bills, will, winter, work, YNAB

Apache is functioning normally

June 3, 2023 by Brett Tams

As an Amazon Associate I earn from qualifying purchases.

DC-apartments-with-all-utilities-included

This post was updated June 2023

With most rentals, the phrase, “all utilities included” means the building or landlord pays for water, sewer, trash, electric, heat, and gas.  One of the best ways to keep your housing budget in check and predictable is to rent an apartment with all utilities included.  Read more…

Apartments-with-all-utilities-included-Baystate-Apartments

Baystate Apartments

1701 Massachusetts Ave NW
Washington, DC 20036

Are you in search of apartment features that evoke a sense of storytelling and capture the essence of a captivating book? Look no further than The Baystate, where we offer stunning studio apartments in various floor plans. What’s more, all utilities are included, relieving you of any worries about additional bills.

Situated in the vibrant Dupont Circle neighborhood of Washington, DC, The Baystate places you just two blocks away from a world of local culture and flavors. Immerse yourself in the fascinating surroundings and discover the hidden gems that await. Plus, with the convenience of the Red Line Metro within walking distance, the entire city of Washington, DC becomes easily accessible for exploration.

At The Baystate, you’ll find subtle touches of extraordinary in your everyday life. Indulge in the charm of our thoughtfully designed apartments, where every corner tells a unique story. Experience the convenience of having all utilities included, providing you with a hassle-free living experience. Allow yourself to be enchanted by the enchanting allure of The Baystate.

Apartments-all-utilities-included-dc-2800-woodley

2800 Woodley

2800 Woodley Ave NW
Washington, DC 20008

Welcome to 2800 Woodley, where you’ll find a variety of large floor plans designed to suit your lifestyle. Each apartment offers ample closet space, central air conditioning, and stunning hardwood floors that exude elegance. The unique touches, including expansive windows and a secretarial desk, add a touch of charm to your new home.

Nestled on a tranquil side-street, 2800 Woodley provides a serene living environment while being just steps away from the vibrant heart of Woodley Park. Immerse yourself in the neighborhood’s captivating ambiance, with a plethora of popular restaurants and trendy shops within easy walking distance. If you’re in the mood for a change of scenery, simply hop on the Metro from the nearby Woodley Park station, and the entire city of D.C. is at your fingertips.

2800 Woodley offers the perfect blend of convenience and comfort, making city living a breeze. Enjoy the tranquility of your surroundings while relishing the easy access to all that Washington, D.C. has to offer. Experience the best of both worlds at 2800 Woodley.

brunswick-house-apartments-all-utilities-included

Brunswick House

1414 17th St NW
Washington, DC 20036

Apartments-all-utilities-included-dc-Cambridge-square

Cambridge Square Apartments

4909 Battery Lane
Bethesda, MD 20814

As Downtown Bethesda flourishes, Cambridge Square stands proudly at the center of it all, offering a hidden gem of a property nestled against a tranquil park setting. Immerse yourself in the array of new and exciting shopping and dining options that surround you, while enjoying the utmost convenience.

Cambridge Square presents an effortless commute to Washington, D.C. via the nearby Bethesda Metro Station, connecting you seamlessly to the heart of the capital. Whether you seek the bustling energy of the city or the tranquility of nature, Cambridge Square caters to your desires.

Discover the spacious and affordable one, two, three, and four-bedroom apartment homes available for rent at Cambridge Square. Each thoughtfully designed floor plan features large walk-in closets and elegant hardwood flooring, offering both functionality and style.

Experience the perfect blend of convenience, affordability, and comfort at Cambridge Square. Embrace the dynamic growth of Downtown Bethesda while enjoying the peaceful retreat of your home. Cambridge Square invites you to indulge in the best that this thriving community has to offer.

All-Utilities-Included-DC-Apartments-Hampton-Courts-Apartments

Hampton Courts

2013 New Hampshire Ave NW
Washington, DC 20009

Immerse yourself in the timeless charm of Hampton Courts, a meticulously crafted architectural masterpiece constructed in 1926. This historic building exudes the allure of early 20th-century design, captivating you with its elegant appeal.

At Hampton Courts, modern amenities blend seamlessly with classic architecture. The building features two elevators for your convenience, a controlled intercom entrance ensuring security, and a well-equipped laundry room with a convenient card payment system.

Indulge in the comfort of our studio, one, and two-bedroom apartments, where updated appliances and spacious floor plans await. Each residence combines the essence of the past with modern comforts, creating a truly exceptional living experience. Best of all, all utilities are included in your rent, alleviating any concerns about additional bills.

Convenience is paramount at Hampton Courts. The U Street Metro Station, offering access to the yellow and green lines, is just three blocks away, providing seamless transportation options to explore the city. Additionally, you’ll find Capital Bikeshare bicycles, only a block from the building, offering you endless means of transportation to navigate the vibrant surroundings.

Embrace a vibrant neighborhood where a plethora of amenities awaits. The Saturday Farmer’s Market, Yes Organic Market, Trader Joe’s, Vida Fitness, and numerous yoga studios are all within a few blocks from your front door. Explore the culinary delights, wellness centers, and vibrant community events that surround you.

Come and experience the essence of city living at Hampton Courts. Allow yourself to be captivated by its timeless allure and discover a lifestyle that seamlessly combines historic charm with modern convenience.

Congressional-towers-All-Utilities-Included

Congressional Towers

 261 Congressional Lane
Rockville, MD 20852

Experience the perfect blend of comfort and convenience at Congressional Towers Apartments, ideally located just off Rockville Pike. Situated in the heart of Rockville, our community offers residents unparalleled access to a host of amenities.

Just three blocks from the Twinbrook Metro, our residents enjoy seamless connectivity to shopping, entertainment, and a diverse range of dining choices. Whether you’re in the mood for a shopping spree or a night out on the town, everything you need is within easy reach.

Our spacious apartments are designed with your utmost comfort in mind. As a resident of Congressional Towers, you’ll enjoy an array of free amenities, including parking and extra storage, ensuring you have ample space for your belongings. Additionally, you’ll receive a membership to Rollins Congressional Club (RCC), a resort-style water park featuring a club-style gym and fitness center. Embrace a healthy and active lifestyle without ever leaving the comfort of your community.

At Congressional Towers, we believe in providing a hassle-free living experience. That’s why all utilities are included in your rent, eliminating the need to worry about multiple bills. Simply move in and enjoy the convenience.

Call or schedule a tour today to discover your perfect apartment home at Congressional Towers. Experience the unparalleled convenience, exceptional amenities, and a vibrant community that awaits you.

hilltop-house-apartments-cat-friendly-apartment-buildings-washington-dc

Hilltop House

1475 Euclid St NW
Washington, DC 20009

Nestled in the vibrant Adams Morgan neighborhood, Hilltop House awaits, offering a collection of studio and one-bedroom apartments for rent. Step into a world of charm and comfort, where each apartment boasts large windows and inviting breakfast bars, creating a cheerful, open, and bright atmosphere that will make you feel right at home.

Simplify your apartment living and budgeting with ease, as all utilities are included with your rent at Hilltop House. Experience the convenience of a worry-free lifestyle, allowing you to focus on enjoying the vibrant surroundings.

Hilltop House boasts an enviable location facing the picturesque Meridian Hill Park. Immerse yourself in a variety of social and cultural events that unfold within its lush green spaces. From kickball leagues and yoga classes to Frisbee sessions and drum circles, the park offers endless opportunities for recreation and community engagement. Experience the vibrant energy that fills the park every Sunday as it comes alive with a multitude of activities.

Just a couple of blocks away from the Hilltop House apartment community, you’ll find the Columbia Heights Metro station. This convenient transportation hub provides access to both the green and yellow lines, effortlessly connecting you to all that Washington, D.C. has to offer. Explore the rich history, iconic landmarks, and diverse neighborhoods of the capital city with ease.

Hilltop House Apartments offer the perfect blend of a tranquil oasis and access to the excitement of the city. Experience the best of both worlds as you soak in the cultural offerings, culinary delights, and vibrant community of Adams Morgan and beyond. Your perfect home in Washington, D.C. awaits at Hilltop House.

Apartments-all-utilities-included-dc-Klingle-apartments

Klingle Apartments

2755 Macomb St. NW
Washington, DC 20008

Nestled at the prime corner of Connecticut Avenue and Macomb Avenue, The Klingle awaits with its stunning landscaped grounds and meticulous upkeep. This coveted property offers unrivaled convenience and a lifestyle that caters to your every need.

Situated at the intersection of Connecticut Avenue and Macomb Street, The Klingle places you within easy walking distance of Cleveland Park’s most popular shops and restaurants. Indulge in a variety of culinary delights and explore a vibrant local scene right at your doorstep. Additionally, the Cleveland Park Metro Station, National Zoo, and the locally-famous Uptown Theater are just moments away, ensuring endless entertainment and cultural experiences.

Immerse yourself in a thriving community where convenience and charm harmoniously coexist. The Klingle invites you to experience a lifestyle that seamlessly blends accessibility, natural beauty, and an abundance of local attractions.

Apartments-all-utilities-included-dc-Parkside-apartments

Parkside Apartments

1702 Summit Place NW
Washington, DC 20009

Discover well-designed apartments that maximize every inch of space, offering a thoughtful layout that meets your every need. Step inside and be greeted by the gleaming hardwood floors, which come to life as natural light streams through the windows, creating a warm and inviting atmosphere. The arched doorway details add a touch of architectural interest, showcasing the attention to detail that sets these apartments apart.

Embrace your inner chef in the kitchens, equipped with gas stoves that allow you to prepare gourmet meals with ease. Enjoy the pleasure of culinary creativity in a space designed to inspire.

Beyond the allure of these exceptional apartments, the location is truly unbeatable. Situated just blocks away from both Adams Morgan and Columbia Heights, you’ll find yourself in the heart of two vibrant neighborhoods that offer a wealth of dining, shopping, and entertainment options. With a Walk Score of 91, every amenity and convenience is within easy reach, allowing you to fully immerse yourself in the vibrant energy of city living.

Welcome to a life where thoughtful design, affordability, and prime location intersect. Experience the best of urban living in these apartments that redefine what it means to feel at home.

Apartments-all-utilities-included-dc-Pleasant-Hills

Pleasant Hills Apartments

100 Fort Drive NE
Washington, DC 20011

Escape to Pleasant Hills, a hidden gem just off North Capitol Street, where beauty awaits your discovery. Immerse yourself in a collection of spacious and affordable apartment homes that exude charm and comfort. Step onto the beautiful hardwood floors that grace each residence, admire the built-in shelves that add a touch of sophistication, and delight in the renovated kitchens that ignite your inner chef.

Pleasant Hills enjoys a privileged location, situated across from Archbishop Carroll High School and a mere two blocks from Catholic University. Experience the vibrancy of the neighborhood as you become part of a thriving community filled with academic excellence and cultural richness.

For effortless commuting, the Brookland Metro station is within easy reach, offering seamless access to all the wonders the city has to offer. Indulge in a myriad of dining options within the thriving Brookland community, where culinary delights await at Col. Brooks Tavern, San Antonio Grill, Brookland Cafe, and more.

Pleasant Hills is where unexpected beauty unfolds, where spacious living, affordability, and a sense of community intertwine to create a truly remarkable experience. Embrace the oasis that awaits you at Pleasant Hills and discover a world of serenity and enchantment.

Apartments-all-utilities-included-dc-Sherry-Hall

Sherry Hall Apartments

2702 Wisconsin Ave NW
Washington, DC 20007

Nestled in the charming neighborhood of Glover Park, between the coveted areas of Georgetown and Cleveland Park, you’ll find Sherry Hall. Situated on one of DC’s primary arteries, this exceptional residence offers an ideal location that embodies the essence of urban living.

Indulge in the culinary delights of Wisconsin Avenue as you explore the multitude of popular restaurants within walking distance from your doorstep. Delve into a world of flavors and gastronomic experiences, all conveniently close to your new home.

Step inside your apartment sanctuary and be greeted by the elegance of beautiful hardwood floors that grace your living space, adding a touch of sophistication and warmth. Immerse yourself in the modernity of brand new kitchens, thoughtfully designed with stainless steel appliances, including a gas range, granite countertops, and stylish light wood shaker cabinets. The large windows invite an abundance of natural light, illuminating every corner of your home and creating a welcoming ambiance.

At Sherry Hall, we believe in simplifying your life. That’s why all utilities are included, providing you with peace of mind and transparency in your monthly expenses. Say goodbye to surprises and complex calculations—here, you can focus on enjoying the comfort and tranquility of your new home.

Discover the perfect harmony of serenity, convenience, and modernity at Sherry Hall, where every detail is designed to enhance your living experience. Embrace the unmatched lifestyle that awaits you, where vibrant city living meets the comforts of home.

Apartments-all-utilities-included-dc-Clarence-house

Clarence House Apartments

4530 Connecticut Ave NW
Washington, DC 20008

If you’re seeking a studio, one, or two-bedroom apartment that combines convenience and comfort, look no further than Clarence House apartments. Located within walking distance to the metro, Giant, Whole Foods, pharmacies, dry cleaners, restaurants, shopping hubs, and esteemed schools, this is where your apartment search begins.

Living at Clarence House means unlocking the treasure trove of hidden gems in our vibrant neighborhood. Immerse yourself in a world of cultural experiences as you stroll to a captivating concert at the Austrian Embassy or indulge your passion for music by enrolling in a class at the renowned Levine School. Let your literary soul flourish as you become a regular at the iconic Politics and Prose bookstore, where new discoveries await on every shelf. And for a glimpse into the fascinating history of art and gardens, the Hillwood Museum is just a short trip away.

Beyond the convenience and cultural richness, Clarence House offers a haven of comfort and tranquility. Explore the versatile floor plans of our studios, one-bedroom, and two-bedroom apartments, each thoughtfully designed to meet your needs. Experience the joy of coming home to a welcoming and spacious environment that nurtures relaxation and a sense of belonging.

Begin your apartment journey at Clarence House, where the vibrant pulse of city life meets the comforts of home. Embrace the limitless possibilities and experiences that await you in this dynamic neighborhood.

Apartments-all-utilities-included-dc-Norwood

The Norwood

1868 Columbia Road NW
Washington, DC 20009

At The Norwood, the perfect fusion of old-world craftsmanship and modern sensibilities awaits you. This historic building has been meticulously upgraded to offer the epitome of apartment living. Immerse yourself in a world where timeless charm meets contemporary convenience.

Step into your new home and be greeted by the allure of hardwood floors, evoking a sense of warmth and sophistication. The high ceilings create an atmosphere of openness and grandeur, while central air conditioning ensures your comfort throughout the year. Experience the harmonious blend of The Norwood’s grace, elegance, and modern upgrades that culminate in a truly distinctive living space.

With an impressive Walk Score of 97, your new home places you at the center of it all. From the vibrant restaurants and nightlife of Adams Morgan to the tranquil beauty of Rock Creek Park, every facet of city living is within your reach. Indulge in culinary delights, explore cultural treasures, and immerse yourself in the energy of the surrounding neighborhood.

At The Norwood, you’ll discover a sanctuary that seamlessly combines history and contemporary living. Unwind in a space that reflects your refined taste and appreciate the convenience of a location that offers endless possibilities. Experience the best of both worlds at The Norwood, where timeless allure meets modern comfort.

Apartments-all-utilities-included-dc-Wakefield-Hall

Wakefield Hall

2101 New Hampshire Ave NW
Washington, DC 20009

As you gaze upon Wakefield Hall’s ornate facade, you’ll soon discover that the beauty continues within. Step into a world of elegance where exquisite apartments await. With hardwood floors, updated kitchens, and walk-in closets, every detail has been carefully curated to create a charming and comfortable living space.

Convenience is at your doorstep at Wakefield Hall. Located near the U St./Cardozo Metro Station, you have effortless access to all that Washington, DC has to offer via the yellow and green lines. Immerse yourself in the vibrant pulse of the city and explore its cultural treasures, all just a few steps away from your front door.

Indulge in the captivating energy of your neighborhood as you venture out. Discover local art galleries, savor the flavors of eclectic cuisines, and embrace the lively atmosphere that surrounds you. Wakefield Hall places you at the center of cultural vibes and offers a gateway to the rich experiences that await in the city.

Embrace a lifestyle that seamlessly combines convenience, charm, and cultural immersion at Wakefield Hall. This is more than just an apartment; it’s a place to call home and an invitation to be part of a vibrant community. Welcome to Wakefield Hall, where timeless beauty and contemporary living intertwine.

Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates. Rental providers will not refuse to rent a rental unit to a person because the person will provide the rental payment, in whole or in part, through a voucher for rental housing assistance provided by the District or federal government.

%%youtubomatic_0_0%%

Source: blog.apartminty.com

Posted in: Quick Cash Tagged: 2023, About, accessibility, active, Activities, Adams Morgan, affordability, affordable, air, Air Conditioning, All, Amazon, Amenities, apartment, Apartment Living, apartment search, apartments, apartments for rent, appliances, Appreciate, Architecture, art, at home, Beauty, bedroom, best, Best of, bicycles, bills, Blend, Blog, book, breakfast, Budget, Budgeting, building, Built, cabinets, cambridge, ceilings, Choices, city, city life, city living, Closet, closets, columbia, commute, commuting, congressional towers apartments, Connecticut, Convenience, couple, creativity, DC Apartments, design, desk, dining, discover, electric, energy, engagement, Entertainment, environment, events, excellence, expenses, experience, Features, Financial Wize, FinancialWize, fitness, fitness center, floor, floor plans, flooring, Free, front, front door, fusion, gas, GEM, government, green, Grill, growth, gym, hardwood, hardwood floors, healthy, heat, hilltop house, Hilltop house apartments, historic, history, home, homes, house, Housing, in, interest, journey, kitchens, landlord, laundry, Laundry Room, layout, Life, Lifestyle, list, Living, Local, Make, making, market, Massachusetts, md, modern, monthly expenses, More, most popular, Move, museum, Music, natural, needs, neighborhoods, new, new home, nightlife, Oasis, offer, offers, or, park, peace, place, plan, plans, politics, Popular, property, reach, Relaxation, Rent, rental, rental housing, Rentals, restaurants, rich, right, room, san antonio, Sanctuary, School, schools, search, security, shopping, short, Side, Simplifying, social, space, square, steel, storage, story, storytelling, studio apartments, Style, The Neighborhood, tour, town, Transportation, unique, upgrades, upkeep, utilities, walk score, walking, washington, wealth, wellness, will, windows, Wisconsin, wood

Apache is functioning normally

June 2, 2023 by Brett Tams

Taking the hassle out of renting.

From searching for the perfect apartment to making it your own, every step of the apartment-hunting journey brings anticipation and the thrill of creating a space that reflects your unique personality and aspirations.

When determining the apartment that’s the right fit for your lifestyle and preferences, understanding what you can afford is a huge first step. This is overwhelming when considering all the financial factors of how much you make, how much you want to save, your debts and your desired city’s cost of living.

Remove the complication of calculating

The Rent Calculator is your one-stop place for determining the best apartment, all factors considered.

  1. Determine the location of where you’re apartment hunting.
  2. Enter your ideal number of beds
  3. Put in your pre-tax income
  4. Calculate your monthly expenses or a rough estimate

After you enter this information the Rent Calculator will calculate options for you based on spending 30 percent of your income. The calculator pulls three options for you, where you can explore apartments where you’d live on a budget, live comfortably and live luxuriously. It’s up to you, depending on your style, saving method and desired amenities what apartment category is the best fit for you.

Salary and rent affordability examples

50k salary

On $50,000 a year, you’re making $4,167 gross per month. Taking 30 percent of that, you are able to afford up to $1,250 per month in rent.

75k salary

On $75,000 a year, you’re making $6,250 gross per month. Taking 30 percent of that, you are able to afford up to $1,875 per month in rent.

100k salary

On $100,000 a year, you’re making $8,333 gross per month. Taking 30 percent of that, you are able to afford up to $2,500 per month in rent.

125k salary

On $125,000 a year, you’re making $10,417 gross per month. Taking 30 percent of that, you are able to afford up to $3,125 per month in rent.

Fun facts about rent

Learn a little more about who’s renting. How old are they? Do they room up with anyone? See where you fall into the statistics.

What does the average person spend on rent?

While rent prices in the U.S. vary greatly by region, the national median rent as of December 2022 was $2,007.

Many people choose to live with roommates to save money on rent. However, if you choose to live with others, it’s important to be clear on how much rent each roommate will be paying.

What percentage of people have a roommate?

Nearly half of renters are rooming with someone. Most renters in one of our conducted surveys (49.8 percent) lived with one roommate. Another 24.8 percent lived in two-roommate households.

What is the average age and salary of renters?

The typical U.S. renter is 39 years old, has never been married, with at least four years of college education and has a median annual income of $42,500.

Renting made easy

This rent calculator removes the overwhelming calculations, thoughts and considerations that fill a renter’s head when apartment hunting. In simplifying this process by swiftly providing accurate and tailored rent estimates, the burden on renters disappears and allows them to make informed decisions with ease. Find your dream apartment today!

*Disclaimer: This calculator displays an approximation of how much rent you can afford based on your location, income and debt. Real numbers may vary based on your lifestyle and fixed expenses.

Source: rent.com

Posted in: Growing Wealth Tagged: 2, 2022, About, advice, affordability, age, All, Amenities, apartment, Apartment Hunting, apartments, average, best, Blog, Budget, calculator, city, clear, College, college education, cost, Cost of Living, Debt, Debts, decisions, dream, education, expenses, Fall, Financial Wize, FinancialWize, fixed, fun, guide, How To, hunting, in, Income, journey, Lifestyle, Live, Living, Make, making, married, median rent, money, monthly expenses, More, or, percent, personality, place, Prices, Rent, renter, renters, renting, right, room, roommate, roommates, Salary, save, Save Money, Saving, searching, Simplifying, space, Spending, statistics, Style, surveys, tax, tips, Tips & Advice, unique, will

Apache is functioning normally

June 2, 2023 by Brett Tams

Frugality isn’t just about saving money—it’s about using your money efficiently. And some methods of saving cash take more time and effort than they’re worth. Worse, some habits actually encourage you to spend more.

“What’s a worthwhile money-saving strategy and what’s not depends largely on your personal circumstances,” personal finance expert Stefanie O’Connell tells mental_floss. “For example, when I was making less than $30,000 a year, I would spend hours hacking costs—couchsurfing, taking public transit, DIY-ing everything. At that time, the extra $5 a day or $20 here and there really did make a significant impact on my financial life, even if it took an extra two hours to get somewhere or get a task done.”

O’Connell says that as she started to earn more money, her time became more valuable. The frugal habits that once worked in her favor no longer made sense. “Before I could meet all my monthly expenses and financial goals, I never dreamed of conveniences like taking a cab to the airport,” she says. “I only began to consider convenience over saving once I could more than meet my monthly expenses and financial goals.”

Your own mileage will vary, too, but we asked a few personal finance experts which money-saving habits generally aren’t worth it.

1. CLIPPING COUPONS

Depending on your method, couponing can be quite a bit of work. “You’ll spend valuable time, attention, and mental bandwidth tracking and organizing your coupons,” Paula Pant of Afford Anything tells mental_floss. “But at best, you’ll save only a small amount of money, and at worst, you’ll wind up buying items you don’t need.”

Pant has a point. Coupons actually encourage consumers to spend more, and they usually succeed in doing so. A 2003 study from NYU [PDF] found that customers actually spent more money on items when they shopped with coupons. According to the study, “When coupons were not clipped, [the households surveyed] were very value conscious and paid an average of $0.51 for soups but when they purchased the category using coupons, their average spending increased to 0.66.”

Personal finance writer Victor Lim has made his own case for resisting the couponing trend: “The thought of spending time searching for coupons, clipping them, and driving around town to score a whole bunch of free toilet paper makes my head spin,” Lim tells mental_floss. “While saving a buck or two is nice, I’d rather focus on bigger and consistent savings.”

2. BUYING SECOND-HAND PRODUCTS

While buying used items can save you money, the risk might in some cases outweigh the reward. Jonas Sickler of ConsumerSafety.org says the most important thing to keep in mind when looking to buy second-hand is to consider the dangers associated with buying certain products—especially baby items like car seats, cribs, and strollers—without knowing the items’ quality or where they came from. “Frequently these items might be recalled, or simply outdated and no longer meet today’s safety standards. They may also be damaged, worn, or missing certain parts that make them unsafe for babies,” Sickler says.

You can look up recalls for all kinds of consumer products, from appliances to children’s products, on Recalls.gov.

3. BARGAIN SHOPPING

It’s fun to hop around garage sales and yard sales—just don’t fool yourself into thinking you’re saving money when do you so, says Pant. “Scavenging from sale to sale consumes hours of your precious free time, locks you into a consumer mentality, and baits you into buying items you don’t need.”

The same goes for outlet shopping. Just because you score a great deal on a bunch of stuff doesn’t mean you’re “saving” money. Before whipping out your wallet, ask yourself whether the items you’re about to purchase are ones you actually need.

4. GOING OUT OF YOUR WAY FOR GAS

“Once or twice a week, a lot of folks will ‘take the long way home’ to fill their gas tanks at an off-brand gas station that usually has the lowest prices in the area,” says Timothy G. Wiedman, a retired Associate Professor of Management & Human Resources at Doane University in Nebraska. Wiedman suggests considering a couple of factors in order to determine whether this practice is worth it.

First, you want to consider the amount of cash you’ll actually save: “If my 3500-pound SUV only gets 16 MPG in city traffic and I’m driving a total of 14 miles out of my way to tank up, is saving 9 cents a gallon when filling a 24-gallon gas tank cost-effective?”

Second, you want to consider the value of your free time. Is it worth the savings? “A lot of folks who consider themselves to be frugal, are actually penny-wise and pound foolish,” Weidman says.

There’s a case to be made for all of these habits. Maybe you like couponing or thrift store shopping—there’s certainly nothing wrong with spending money on things you enjoy. At the same time, you want to be mindful of your money habits, and that means acknowledging the time and effort involved with them.

Source: pennypinchinmom.com

Posted in: Real Estate News Tagged: 2, About, All, Amount Of Money, appliances, ask, average, baby, before, best, Buy, Buying, car, cents, Children, city, Consumers, Convenience, cost, couple, coupons, DIY, driving, expenses, experts, Finance, Financial Goals, Financial Wize, FinancialWize, Free, free time, frugal, Frugality, fun, garage, garage sales, gas, goals, great, habits, home, hours, human resources, impact, in, items, Life, locks, Make, making, miles, money, Money habits, Money Saving Articles, monthly expenses, More, more money, nebraska, or, organizing, penny, Personal, personal finance, Prices, products, public transit, Purchase, quality, reward, risk, safety, sale, sales, save, Saving, saving money, savings, searching, second, shopping, Spending, thrift, time, town, tracking, trend, value, will, work, wrong, Yard

Apache is functioning normally

May 31, 2023 by Brett Tams

Your debt-to-income ratio—the total of all your monthly expenses divided by your gross monthly income—is one of several factors that impact your mortgage rate, our experts say. Your debt-to-income ratio (DTI) determines the loans you can get and a higher DTI generally means you won’t get access to loans with lower mortgage rates.

“The better programs have thresholds with lower debt-to-income ratios. And better programs translate into better rates,” says Kevin Leibowitz, a mortgage broker at Grayton Mortgage.

Impact of DTI on buying choices

In New York City, co-op boards have their own DTI requirements for buyers, usually 22 to 24 percent. “Co-ops are usually stricter than banks when looking at DTI,” says Deanna Kory, a leading agent at Corcoran. 

Of course lenders are also assessing your financial viability. “Every bank has guidelines with regard to the maximum debt-to-income they allow in order to approve a loan,” says Melissa Cohn, regional vice president at William Raveis Mortgage.

When you’re shopping for a mortgage, a loan officer or mortgage broker will offer you a rate based on your borrowing profile. This includes your credit score, your down payment, whether you’re buying a condo, second home, or investment property, and whether the mortgage is a cash-out refinance. “All these factors are layered on top of each other and it becomes a decision-tree matrix,” Leibowitz says. 

Many lenders will allow for DTI ratios up to 50 percent but the terms available for the loans with a higher DTI are typically worse than those with lower DTI ratios. “Many adjustable and most jumbo lenders cap the maximum DTI at 43 percent in order to qualify,” Cohn says. If you are financing more than 80 percent and applying for private mortgage insurance (PMI), Cohn says the cost of the PMI increases with a higher DTI. 

Put another way—if you have a small down payment, a low credit score, and a high DTI, Leibowitz says, “either the programs are going to disappear or the programs that are available come with worse terms.”

For example, let’s say a condo buyer has a low credit score and a high DTI and they are putting 50 percent down on a $500,000 apartment. That’s not necessarily a bad loan for a lender, Leibowitz says. A buyer is unlikely to default on $250,000 of equity or cash they’ve just put down.

However a higher DTI might rule out access to a loan with a better rate, Leibowitz says. 

How to improve your DTI

One of the best ways to improve your DTI ratio is to limit or pay down any consumer-related debt. This might mean paying off your credit card debt, delaying a big purchase, holding off on a leasing arrangement for a new car, or setting up a loan repayment program for any student debt.

You Might Also Like

Source: brickunderground.com

Posted in: Renting Tagged: agent, All, apartment, Bank, banks, best, big, borrowing, brick, Broker, buyer, buyers, Buying, car, Cash-Out Refinance, city, co-ops, condo, cost, Credit, credit card, Credit Card Debt, credit score, Debt, debt-to-income, decision, down payment, DTI, equity, expenses, experts, Financial Wize, FinancialWize, financing, home, How To, impact, in, Income, Insurance, investment, investment property, leasing, lenders, loan, Loan officer, Loans, low, LOWER, monthly expenses, More, Mortgage, Mortgage Broker, Mortgage Insurance, mortgage loan, MORTGAGE RATE, Mortgage Rates, new, new york, new york city, offer, or, Other, percent, PMI, president, private mortgage insurance, programs, property, Purchase, rate, Rates, Refinance, repayment, second, second home, shopping, Shopping for a mortgage, student, student debt, will

Apache is functioning normally

May 30, 2023 by Brett Tams


Inside: Learn how much your 80k salary is hourly. Plus find tips to make more money and live the lifestyle you want.

Retirement can be a scary word to those who are not wealthy or afraid of having too much time on their hands.

People in the workforce often don’t know what they will do when their retirement comes around, but it doesn’t have to be that way after all.

For most retirees, there are many reasons they want to work after retirement. And that is 100% okay!

Low stress jobs after retirement make for great part-time careers while still providing enough flexibility to enjoy your personal life. Plus a little extra money is always helpful!

While there is no one “right” answer on which job for you, we compiled a list of 30 great options to consider. All of these jobs offer relatively low stress levels and plenty of opportunities for relaxation and enjoyment.

But before you jump on the first one that comes along, you want to consider which will work best and help ease your transition into the world of retirement.

When you retire, you want to find a job that is low stress and enjoyable. That’s why finding a good retirement job is so important!

Low stress jobs after retirement can help you make the most of your time as a retiree. Plus make extra money. Find the best job for you!

The benefits of having a low stress job after retirement

After years of hard work, retirement is a time to relax and enjoy life.

However, for some retirees, working part-time or as a side job can provide additional earnings and a sense of purpose. The following jobs are perfect for seniors over 55, or those post-retirement. They have lower stress levels than the average job and offer many opportunities for growth.

Many retirees below starting a second career after retirement would be difficult and are looking for a job that has fewer strings attached. This may be due to the fact that many retirees feel they have reached the pinnacle of their careers and want more time freedom.

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.

Fortunately, there are many available jobs with increasing demand and most even have lower stress levels than average.

Retirement is a good time to consider additional earnings. This can provide a stream of money for people who want to enjoy life longer and need an additional income. In addition, working can help retirees stay mentally and physically healthy.

Jobs to Do after Retirement

Picture of a smiling elderly lady wanting jobs to do after retirement.

The list is composed of jobs that are perfect for seniors over 55, or even post-retirement. They have lower stress levels than the average job and offer many opportunities for growth.

Some retirees prefer to work part time or as a side job; others want to find a full-time position that will keep them busy and engaged in their community. Whatever your preference, know that there are plenty of great options out there!

Retiring means starting a new life, so it is important to consider this change as the beginning of a new life and not the end of an old one.

So go ahead and take the plunge into retirement! It’s a new beginning full of endless possibilities.

There are plenty of good jobs for retirees!

What are fun jobs after retirement?

Picture of a relaxing tropical setting as a fun job after retirement.

There are many fun retirement jobs that pay a small fortune! And what your personality prefers!

Some people choose to continue working in the same field, but in a more relaxed or part-time capacity. Other people choose to use their retirement to try something new and exciting, such as starting their own business, traveling, or taking up a new hobby.

What can I do after retirement to make money?

Graphic of people excited to make money after retirement.

Now that you’re retired, you may be looking for ways to make some extra money. Luckily, there are plenty of options to make money in retirement available to you!

You could start a business, become a consultant, or tutor students. In addition, you could also look into working from home opportunities or start a blog.

Maybe you want one of the best part time jobs in retirement.

Whatever you choose, make sure you do your research and find something you enjoy so you don’t get bored!

Tips to Making Money in Retirement

The best fun jobs after retirement include working at a theme park, house sitting permanently on a beach or something crazy you never dreamed yourself to do!

One great way to make some money is by selling your skills and experience. For example, interior decorating is a low-stress field that often requires past experience. Alternatively, you could become a real estate agent. Both of these opportunities allow you to use the skills and knowledge you’ve acquired over the years.

Another great option for retirees is to take advantage of the growing gig economy. There are a host of jobs available through online platforms like Uber or Lyft that don’t require a lot of physical activity or travel time. Plus, they typically offer higher pay rates than traditional employment opportunities.

If you’re looking for something a little more relaxing, consider joining one of the many survey sites out there. These sites reward you with a small amount of money for each survey you complete. It may not be much, but it can add up over time!

Finally, if you’re looking for an easy way to make some money, consider something easy like greeting people. This is a great option because it’s so easy and doesn’t require any special skills or knowledge.

Which job is stress free and high paying?

There is no such job that is stress free and high paying. All jobs have their own unique stressors and rewards. It is important to find a job that is rewarding to you and that you find manageable levels of stress.

There are many jobs that are considered “stress free” after retirement.

For example, many seniors are now looking into jobs such as being a consultant or working in customer service. These positions offer a more relaxed work schedule and usually don’t require extensive training.

In addition, the amount of money one earns from a job is directly related to how much work one put into it. If you’re willing to put in the extra effort, you can make significantly more money than those who don’t.

Really Focused on less stress?

Many seniors are also looking for jobs that don’t involve stress or concern. Proofreading is one such position that meets these qualifications. The job requires native-level English proficiency and an excellent understanding of grammar to succeed. In order to be successful in this field, you have to proofread documents that contain no grammatical errors, punctuation mistakes, or syntactic flubs.

You need to find a job that feeds your soul and doesn’t seem like work.

Plus it is fun to tell others what do you do for a living.

Best low stress jobs after retirement

Picture of a guy searching for the best low stress jobs after retirement.

Some people want to use their retirement as a vehicle to start their side hustle and be more relaxed than they were during work hours. This is a great way to spend your retirement! Most cool retirement jobs require little-to-no experience, but some do.

At the end of the day, you must decide if you want to work for yourself and start your own company with a higher earning potential. Or work for someone else with less strings attached and lower pay.

In many cases, you might be stuck working because you didn’t save for retirement, so here are a few jobs that are perfect for seniors over 55 years old, or even after retirement:

1. Freelance writing

Freelance writing can be a good source of income when one has the skills and experience to do so. The best part? You get to set your own hours and take on as much or as little work as you want!

This may not sound like a low-stress job at first, but it’s actually an excellent low-stress job! Being your own boss offers incredible benefits. Best of all, you can do it in a completely stress-free environment by deciding in advance exactly how many hours you want to work.

In fact, my friend over at More Time to Travel does freelance writing for Forbes.

Freelance writing is a great way to make money from home. Be sure to have a strong portfolio and excellent writing skills to land quality freelance writing jobs. Here is a great freelance writing course.

2. Tour guide

This is perfect for someone who loves people and to discuss their worldly knowledge.

A tour guide is someone who accompanies tourists and provides information about the areas they are visiting. They are usually seniors because no special certifications or degrees are required. However, it can be a fun job for anyone who loves meeting people and has a lot of knowledge about their area. Some tour guide jobs offer tips and the opportunity to travel.

A good tour guide will have a deep knowledge of the areas they are touring and will be able to answer any questions the tourists may have. Plus cash tips are always a perk!

3. House Sitter

You can house sit for someone you know, or use a site like Mind My House to find paying gigs. Rates vary depending on the city, but typically you can expect to earn $25-50/day as a house sitter.

It allows you to live in new places without having to commit to long-term leases, and it gives you an opportunity to meet new people and explore new neighborhoods. Plus, it’s a great way to make some extra money on the side as well as lowering your monthly expenses!

If this is something you are seriously considering, then check out this book to learn how to housesit from an expert.

4. Librarian

Librarians are responsible for organizing and managing library collections, helping patrons find information and materials, and providing instruction on how to use library resources. They typically work regular hours in a library setting, and their work is relatively active.

They also need excellent research skills and the ability to stay up-to-date on new technologies.

However, job prospects are good to work in this quiet environment.

5. Customer Service Representative

Jobs in customer service usually don’t require a lot of experience or special training, so they can be a great way to ease into retirement. And since most customer service positions are in the service industry, you’ll likely get to meet new people and help them solve problems every day.

They may work in call centers, retail stores, banks, or insurance companies. In some cases, they may also work remotely from their homes. Customer service reps typically need strong communication and problem-solving skills, as well as the ability to stay calm under pressure.

6. Craft seller

Many people don’t have time for their crafts like they wanted when working full-time and raising kids. So, retirement is a perfect time to become an artisans who make and sell their own products.

You can set your own hours, work from home and sell whatever you like. There are many online marketplaces that cater to craft sellers, so you can find a platform that fits your style and interests. In addition, you can attend craft fairs and other events to sell their work in person.

Make sure to price your items competitively and take the time to create an attractive product listing. Plus ship quickly and provide excellent customer service to keep buyers coming back for more!

7. Crossing Guard

It only requires a few hours of work per day, and the pay is decent around $15 an hour.

The job does not require any special skills or training, so it is an ideal way to spend your golden years. Plus you can keep youthful by staying around all of the school-aged children.

8. Blogging

This is a form of expression for most retirees or those thinking about retiring.

It can be a low stress job after retirement, as you can do it from the comfort of your own home and set your own schedule. You don’t need any special qualifications or training to start blogging – all you need is a computer, an internet connection, and something to write about.

Blogging is a great way to create fresh, new content on a regular basis for your website. In fact, my friend over at Tuppennys Fireplace uses blogging to drive extra money to their retirement budget each month.

You can sell advertising space on your blog, use affiliate marketing to promote products and services, or even launch your own product or service. The sky’s the limit when it comes to making money from blogging – so if you have something interesting to say, go for it!

9. Elder Care Services

Services can range from in-home help to full-time nursing care, and each has its own benefits and drawbacks.

While this may seem odd as a low stress job in retirement, it is a good reminder that you are still youthful in others’ eyes.

These may be simple jobs such as picking up groceries, light cleaning, cooking meals, or companionship during the day. Given the cost of nursing homes and certified nursing assistance, this is an affordable option for families who want extra eyes on their loved ones.

10. Private Island Caretaker

Okay, this is the one I want!

If you are reading this and need a caretaker, I am happy to be the right person for your estate.

A lot of caretaker jobs are in private areas, such as private islands, ski resorts, large estates, and other remote or private areas. This is often because employers need someone they can trust to be on-site full time and take care of things.1) Private Island Caretaker

Caretaker jobs are a great way for retirees to stay engaged and active in their golden years. They can provide a sense of purpose and routine, as well as an opportunity to explore new places and meet new people.

11. Docent or Usher

One low-stress job that retirees can consider is becoming an usher at their local theater or sporting area. This job does not require much training and typically pays minimum wage, but it can be a great way to meet people and see new shows and watch sports.

A docent is someone who has expert knowledge about a certain subject and can teach people about it through guided tours and lectures. They are often found in museums, art galleries, and other places where people can learn about the arts.

For many retirees, these are the perfect jobs to get paid for enjoying their hobbies and events they didn’t have time to see when working full-time.

12. Work at Disney

Jobs at Disney parks can be both fun and challenging, with plenty of opportunities to make new friends and help guests have a great time. You’ll need to be able to work hard and stay cheerful under pressure, but the rewards are many.

If you’re interested in working at one of the happiest places on earth, visit the Walt Disney Company website to learn more about current openings and how to apply.

Perfect for the retiree to stay youthful!

13. Invest in Various Intiatvies through Crowdfunding

When it comes to investments, there are many options to choose from that can fit any personality type.

Crowdfunding was created to help more people invest in various businesses by pooling resources together. This makes it more affordable and less risky for everyone involved.

For many retirees, this is a great way to impact start-up businesses and maybe even have a great ROI on their money.

14. Tutoring

Tutoring can help students learn in a one-on-one environment, and help them to focus on the material. Tutoring can also help build a student’s confidence, and help them to ask questions they may be too embarrassed to ask in a classroom setting.

It’s a great way to help students who are struggling and give them the support they need to succeed. You also get the satisfaction of knowing that you’re helping young people achieve their goals. Tutoring can be done in person or online, so it’s a flexible job that you can fit around your schedule.

In today’s society, there are plenty of opportunities to help students achieve faster with tutoring. Most tutors are paid at least $30 an hour.

15. Virtual assistant

There are many low stress jobs that can be found online and Virtual Assistants are one of those jobs.

A virtual assistant is a professional who provides administrative, technical, or creative assistance to clients from a remote location. Often, virtual assistants work for multiple clients simultaneously, providing a wide range of services including social media management, email management, bookkeeping, and more.

They provide a service to their client through the internet and This is a great way for someone with retirement to start making money fast because most VAs make between $35 and $50 an hour.

Take free training for becoming a virtual assistant!

16. Personal shopper

A personal shopper may work in a store, helping customers find what they need, or they may work remotely for a customer who gives them a list of items to purchase. Either way, personal shoppers usually charge by the hour.

It also pays well, especially if you work for a high-end retailer. And since you’re working with customers one-on-one, this is a great job for someone who enjoys helping others. Perfect for a retiree to get out and about.

17. Personal organizer

They may work with individuals or groups, in both business and personal settings. Personal organizers usually have excellent time management skills, as well as a thorough understanding of the principles of organization.

This type of position is great to keep you moving as well as help others.

18. Animal shelter worker

They may feed, groom, and exercise the animals, as well as administer medication and vaccinations. They also clean cages and kennels, and may handle adoptions. The work can be physically demanding, but it is also very rewarding to help homeless animals find new homes.

For someone who loves animals, this is a perfect opportunity to make money and help neglected animals.

19. Book store assistant

The work is relatively easy, and there are usually no major deadlines to worry about. Plus, bookstores are typically quiet and calming environments, which can be a nice break from the hustle and bustle of everyday life.

If you’re looking for a relaxed job after retirement, this could be it!

20. Photographer

Some people take up photography as a hobby, some as an art form, and some as a profession. The beauty of photography is that it can be whatever you want it to be. There are so many different types of photography, based on your taste and choice you can choose which area to focus on first.

In addition, photography is a great low stress job after retirement!

It can be done freelance to supplement your income or on a full-time basis. There are many opportunities for photographers, and the work is generally enjoyable.

21. Life coach

After retirement, there are many low stress jobs that a person can take on. One such option is becoming a life coach.

This job involves helping people work through their problems and achieve their goals.

By becoming a mentor for the next generation, you are able to have a lasting impact and legacy. This allows you to share your wisdom and knowledge while also helping someone else in their career path.

As a life coach, it’s important to be a good listener and have strong communication skills. Additionally, new graduates might be able to offer you fresh perspectives on life that you may not have considered before. It’s easy to become a mentor to coworkers or people in your field; all it takes is some time and effort.

22. Consultant

Consulting is a broad term used to describe an area of work. It encompasses a wide range of activities and can be done by anyone with the appropriate skills and experience.

Many retirees choose to focus on the areas they enjoyed at work and avoid stressful parts, becoming consultants in those fields.

Often, retirees are a great resource for companies looking for short-term or project-based work. If you let your network know that you are available for consulting opportunities, they may be more likely to reach out to you when they have a need. Additionally, the average consultant salary is between $50 and $150 per hour, depending on experience level.

23. Walmart Greeter

Greeters welcome customers, help them find what they need, and provide general information about the store. They may also monitor security cameras and alarms in the store. The position requires little training, and most Walmart greeters are given on-the-job training.

However, greeters must be able to handle stress well, as they are often the first point of contact for customers who are angry or upset. The position also requires being able to work weekends and holidays.

24. Dog walker

Dog walking is a great job for people who love dogs and want to make a difference in the lives of animals. It is also perfect for retirees who want to stay busy and have flexible hours. The work can be enjoyable and rewarding, and it is a low-stress profession.

Dog walkers are typically paid by how many dogs they are watching at any given time, rather than by the hour. There are specific websites where you can find work as a dog walker like Rover and the average pay is $14 an hour.

25. Pet sitter

A pet sitter is a professional who is hired to take care of pets while their owners are away. Pet sitters typically visit the home of the pet owner to feed, water, and exercise the pet. They may also provide additional services such as grooming and medication administration.

For example, many retirees enjoy pet sitting because it allows them to form close relationships with animals while also providing a service to their community.

Find plenty of pet sitting gigs on Rover.

26. Camp Host

After retirement, many people are looking for a low stress job that will allow them to travel, get outside, and see new places. Campground jobs are perfect for this because you can work during the day and explore at night.

Camp hosts are people who work at a campground to provide information and assistance to guests.

Campsites allow for some flexibility in terms of location – you may be able to choose the state or national park you’d like to work in, as well as the dates of your stay. Additionally, many camp hosts have a good deal of control over their schedules, which can be a perk.

They usually work for minimum wage, but can often receive tips from guests.

27. Adjunct Professor

Many retirees take on part-time work as adjunct professors. The position offers a high level of flexibility, good pay, and opportunities for professional development. In addition, adjunct professors often have the opportunity to work with students from diverse backgrounds and help them grow academically.

This can be a great way to share your knowledge and expertise with the next generation of students. Contact your local college and see if they have any openings. Adjunct professors typically earn around $3,000 per class taught.

28. Author

Becoming an author can be a great way to enjoy your retirement years while still earning some extra money on the side. The job doesn’t involve a lot of pressure, and you get to set your own deadlines.

There are a few different ways to get your book published. One option is to work with an agent. However, this may not always be possible, especially if you are writing a non-fiction book. Another option is to self-publish your book. This can be a great way to get your book out there without having to go through a publishing house.

You will finally have time to tell your story from your perspective.

29. Focus group participant

Focus groups are gatherings of people who are brought together to discuss a certain topic. The participants can range from 6 to 12 people, and they are typically held in local hotels or conference centers. During the focus group, the participants will discuss upcoming products, services, trends, and issues.

Focus group participants are typically reimbursed for their time and participation in the discussion. This can be done in a variety of ways but is usually either through cash or gift cards.

30. Furniture flipper

Furniture flipping is a great business for those who want to make some extra money with little stress and no formal education needed. You can do it from the comfort of your own home, as long as you have the necessary tools and space. With a bit of hard work, you could be on your way to making some serious cash.

Furniture flippers are people who buy furniture at a low price and resell it for a profit. They usually start as furniture buyers who love hunting for deals at garage sales or estate auctions. This is a low-stress job that’s also profitable.

For many retirees, it may have been a hobby turned profitable.

31. Delivery driver

Delivery driver is a great job for retirees because it keeps them active and socially engaged. It can be difficult to sit at home all day, so this job is perfect for those who want to be out in the world meeting new people.

Delivering food is a great way to make some extra money in your spare time. It’s a low-stress job because you’re only out of the car for deliveries, and many companies offer drivers up to $20 per hour.

I love Doordash because their sign-up process is so easy–you can be up and running in minutes!

32. Rideshare driver

Ridesharing is a great way for seniors to make some extra money on the side while still having plenty of time for themselves. It’s very flexible, so they can work as much or as little as they want, and it doesn’t require them to take too much time out of their day.

Both Uber and Lyft require relatively little startup capital, and retirees can often make money driving for these companies.

Just make sure you have the proper auto insurance for ridesharing.

33. Taxi Driver

Taxis are in high demand in most cities, so there is always work to be found. In addition, the hours are flexible, so drivers can work as much or as little as they want.

And since driving a taxi is not very demanding physically, it is a good job for those who are no longer able to do strenuous work.

Many people who move to a foreign country find being a taxi driver a highly rewarding and lucrative way to make money.

34. School Bus Driver

There is a severe shortage of school bus drivers across the country.

This may not be a low stress job to many, but you can have a long lasting impact on the students. Right now, our students need positive influences in their lives.

What does the job entail? You must have a valid commercial driver’s license (or find someone who will provide the training) and be clear from moving violations in the last 3 years. In addition, you must pass a background check to work with students.

Many districts are desperate for school bus drivers and providing a signing bonus.

35. Chat moderator

Chat moderators are responsible for monitoring chat rooms and helping to ensure that the conversation remains on topic and respectful. They also work to resolve any disputes that may arise.

They work in a variety of settings, from social media to online gaming platforms.

But for the most part, the job is relatively low-stress, thanks to the ability to take breaks and work flexible hours. Chat moderators also often have the opportunity to learn new technologies and hone their customer service skills.

36. Babysitter & Nanny

Babysitting and nannying is a great way to make some extra money in your spare time. It’s perfect for people who love kids and have a few hours in the afternoon after school lets out. You can help out your neighbors by babysitting their kids or finding families near you who are looking for a nanny.

They offer a lot of flexibility, they’re relatively low stress, and they often come with a set schedule so you know what you’re doing each week. Plus, you can usually work from home, which is a big perk if you want to stay active in your golden years.

The average babysitter in the United States earns a bit less than $15 per hour, but some earn at least $20 an hour. It is easy to find work.

37. Event Staff

Event planning can be a very stressful job, but it can also be a very rewarding one. After retirement, many people look for a flexible job that they can do mostly on the weekends and in the evening. Event staff is a great option for those people.

They may work in a variety of industries, including entertainment, hospitality, marketing or nonprofit organizations.

Event staff often have to wear many hats during an event, handling duties such as coordinating with vendors, setting up event spaces, managing attendees, and serving as liaisons between organizers and other staffers.

This may not be the situation for everyone, but great for someone who likes to be in the action.

38. Research Assistant

After retirement, many people feel lost and without a sense of purpose. A research assistant helps others find information and discover problems to solve. They work with teams or individuals to locate the best information possible and help them use it effectively.

Research assistants are in high demand because they help other people find information and solve problems. They work on a variety of tasks, such as conducting research, organizing data, and writing reports. Their skills are in high demand by companies, governments, and individuals who need help conducting research.

The job is relatively low stress and pays between $18 and $22 per hour. It requires patience, communication skills, and a range of computer skills.

39. Substitute Teacher

A substitute teacher is someone who fills in for a permanent teacher when they are absent. This can be for a variety of reasons, such as paid vacation, maternity leave, or sick leave. It is a great option for retirees because it is one of the most respected and low-stress jobs after retirement.

This is one of the best retirement jobs because you can substitute teach any position within a school.

Substitute teaching can be extremely rewarding, as you are able to help students in need and fill in for teachers who are absent. You may also have the opportunity to work with different age groups and learn new things.

It is now possible to earn around $20 per hour on average as a substitute teacher. In order to become a substitute teacher, you need to have a bachelor’s degree in any academic discipline from an accredited college or university. With the right qualifications, you can enjoy a great deal of flexibility and earning potential while working with children.

40. Airbnb Host

You can earn up to $1,000 per month by listing your home on the site.

It’s also a low-stress job since you don’t have to worry about meeting deadlines or dealing with customers. And, since you’re working from home, you can easily take care of any last-minute changes or emergencies.

If you’re interested in becoming an Airbnb host, check out this guide on how to get started.

41. Proofreading

In this career, you would be reading documents or manuscripts and looking for mistakes in grammar, spelling, punctuation, and syntax. You would then mark the errors with a correction symbol and provide a note to the author about the mistake. Proofreading can be done independently or as part of a team.

It is also important to be able to meet deadlines because many publishers require that manuscripts be returned within a certain timeframe.

42. Park Ranger

They enforce park rules, help visitors enjoy their visit, and provide information about the areas they patrol. Park rangers may also conduct educational programs, research projects, and archaeological surveys.

The growing popularity of outdoor recreational activities will lead to more demand for these workers.

Rangers must be able to hike long distances in difficult terrain, often carrying heavy equipment. They also may need to work extended hours, including weekends and holidays, during peak visitor seasons.

43. Voiceover artist

Voiceover artists are people who provide the voice for a character or commercial. They must be able to understand and interpret the script, and then deliver the lines in a way that sounds natural and believable.

Voiceover artists are in high demand for their unique ability to provide a voice for various multimedia productions that requires no formal training. This work can be done from anywhere with a good internet connection, making it an ideal job for retirees or those with flexible hours.

44. Real Estate Agent

The work is often exciting, and you can set your own hours. However, it can also be demanding and require long hours during busy times.

They must be knowledgeable about the current market conditions and have strong negotiating skills. In order to succeed in this career, you’ll need to be able to work well independently and be comfortable networking with potential clients.

You’ll also need to develop a strong marketing strategy to attract new clients.

45. Sports Coach

They may also instruct athletes on the rules and regulations of a sport. Sports coaches typically have a college degree in physical education, kinesiology, or a related field.

Coaches often work long hours during the season and must be able to handle criticism from players and parents. However, for those who love sports and enjoy working with people, sports coaching can be an enjoyable and low-stress job after retirement.

46. Artist

Being an artist is a great job to have after retirement because it doesn’t require a lot of stress and you’re free to create whatever you like. The only requirement for the job is that you have some artistic ability, which most people do.

Working as an artist can be perfect for people who are looking to have more flexibility with their hours and want to work on the go. There are many different types of artist jobs that one can find, and the best way to find out what’s available is to do some research online or talk to other artists in your area.

47. Translator

Picture of how to save money for travel

Translation is a great option for those who want to use their second or third language skills in a professional setting.

Many retirees find themselves with time on their hands after retirement and may enjoy doing something that they are good at and can be successful at. Speaking another language can lead to many opportunities, including working as a translator or in a translation services company, or becoming a consultant in foreign affairs.

Translators must be able to understand the source material fully and then accurately convert it into the target language.

48. Interior decorator

Interior decorators are in high demand because they have an eye for design and can help people make their homes look beautiful. This is a low-stress career choice that allows retirees to work anywhere, which is why it is becoming increasingly popular.

Interior decorators are often retirees who have a wealth of knowledge and experience in interior design. They must build up a portfolio of their clients’ homes before they can become an interior designer and be able to charge more for their services.

Interior decorating is a creative line of work that can earn great money, and it’s often a side hustle for people who want to make more money while still having free time. Satisfying customers is another perk of this career!

49. Handyman Services

If you’re looking for a way to make some money after retirement, and enjoy doing hands-on home repair projects, consider working as a handyman. Handyman work can be done on your own schedule, so it’s a great option if you want more flexibility in your life.

Handyman services are becoming more popular because they allow you to set your own rates and work on your own schedule.

This is beneficial for both the worker and the customer, as it allows the worker to charge a fair price for their services and customers can get work done on their time. Additionally, handymen have a variety of skills and can fix many problems around the home, which makes them a valuable asset.

50. Professional cuddler

Cuddling has become a popular service in recent years. Companies like Cuddle Comfort offer professional cuddlers that will come to your house and provide you with a compassionate, understanding listening ear as well as some quality cuddle time.

Some people make a living from professional cuddling. These cuddlers can earn approximately $40 per hour for just being themselves and giving bear hugs. This is a growing industry with many people finding comfort and satisfaction in human touch.

51. Mediator

To become a mediator, you need to have either legal training or a bachelor’s degree in mediation. This gives you the skills needed to mediate and resolve disputes between two or more parties. Mediators usually have a low-stress job because of their flexibility and freedom to work from anywhere.

Mediators come from a variety of professional backgrounds, but the majority have some form of legal background. More than half of certified mediators work as general mediators, charging $100 to $250 per hour.

52. Data entry specialist

A data entry specialist is somebody who enters data into a computer system. This can be a very low stress job, especially if you have basic computer skills and typing speed and accuracy. The work is relatively easy to find and usually does not require any specific qualifications.

Data entry specialists are paid a modest wage for their work, but the pay is reliable and predictable. The job is also relatively easy to find, making it a great option for people who are looking for additional work during retirement or in their spare time.

Being able to type quickly and accurately in order to be successful in this role.

53. Waiter/ Waitress

If you have a gift of gab and service, then this might be the perfect industry for you. Especially as a bar back!

The work hours are flexible, the tips are usually good, and you get to meet new people all the time. Plus this type of job is fun, as it’s not high-stress and it allows someone who just retired or wants a job with flexible hours to stay active socially while they make money.

If you’re looking for an alternative after retirement, waiter or waitress work is definitely a good option.

54. Cook

Many families are looking for healthy options for dinner. What is better than a home-cooked meal?

While working as a cook for a restaurant, you may often work long hours in a hot, noisy kitchen. However, cooking for local families on a small scale may be the perfect scenario.

55. Become a Transcriber

Transcription is a great way to make some money after retirement. You can typically make around $18-$25/hour, depending on your skill level and experience.

The work is relatively low stress, so it’s a great option for those looking for a relaxing way to make some extra income.

56. Retirement planner

Some retirement planners offer training and certification for their employees. The employer might pay for your training and certificate if they feel confident enough in hiring you as an employee after seeing how well you do these tasks.

This may not be the ideal situation for many, but it pays well.

57. Flip Items

Flipping items for profit is a great way to make some extra cash. You can find deals at garage sales and online, and then turn around and sell them for more.

Be sure to look out for scams, however, as there are many people who try to take advantage of those looking to flip items.

To learn how to flip for a side hustle, check out Flea Market Flippers.

58. Professional Volunteer

Charity work is a great way to give back to the community and help those in need. There are many charities that need help, and by donating your time or money, you can make a big difference in someone’s life.

It can also be a great way to ease into retirement. Many charities are always in need of volunteers, and you can often find opportunities that fit your schedule. You may also be able to find paid positions with certain charities.

You will have the opportunity to help others and make a real difference in their lives. You may also find new friendships and learn new skills.

It keeps you social and busy, and it lets you help out in your community. Plus, many organizations offer volunteer opportunities tailored to retirees’ skills and interests.

In fact, many volunteer opportunities turn into paid jobs.

How to find a job that is low stress and matches your skills?

Which best jobs for retirees do you want?

When you’re looking for a job that is low stress and matches your skills, it’s important to consider a variety of factors. For example, employers want employees who can work independently and are well-organized. They also want employees who can communicate clearly. You should have a basic understanding of the job duties as well.

If you have specific skills, you may not need these things as much.

However, employers still want employees who can complete tasks without any help from others. There are a variety of ways to find out about such jobs, including using search engines or social media sites like Facebook and LinkedIn.

Also, whoever says you have to wait for retirement?? Find low-stress jobs that pay well without a degree now.

It’s also important to be aware of the pay structure. Often, employers want employees who will be able to work for them on a long-term basis. The pay structure is often predictable and employers know exactly how much work there will be available for each project. This makes it easier for both parties involved.

One way to find a job that is low stress and matches your skills is by using online platforms like Upwork, Freelancer, and Fiverr. These platforms offer many data entry jobs that are perfect for those looking for an easy way to make some money after retirement. In order to take advantage of these jobs, you’ll have to learn how to type fast.

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

Source: moneybliss.org

Posted in: Money Tips Tagged: 2, About, action, active, Activities, Administration, Advertising, Affiliate marketing, affordable, age, agent, airbnb, All, Amazon, Amount Of Money, art, artists, ask, asset, at home, auctions, author, Auto, auto insurance, average, banks, bar, basic, beach, Beauty, before, Benefits, best, Best of, big, Blog, Blogging, bonus, book, Budget, build, business, Buy, buyers, calm, car, Career, Careers, charity, Children, choice, Cities, city, Clean, cleaning, clear, Collections, College, Commercial, commission, communication, companies, company, confidence, consultant, cooking, cost, country, crafts, Crowdfunding, customer service, data, Deals, decorating, deliveries, design, Development, disclosure, discover, disney, dogs, doordash, Drivers, driving, earning, Earning Potential, earnings, Economy, education, employer, Employment, Entertainment, entry, environment, estate, event, events, exercise, expenses, experience, Extra Income, Extra Money, facebook, Financial Wize, FinancialWize, fireplace, flipping, food, Free, free time, freedom, freelance, fun, furniture, garage, garage sales, General, get started, gift, Gift Cards, gig, gig economy, Giving, goals, good, great, groceries, Grow, growth, guests, guide, healthy, helpful, Hiring, Holidays, home, homes, Hospitality, hot, hotels, hourly, hours, house, How To, hunting, impact, in, Income, industry, Insurance, interior decorating, interior decorators, interior design, internet, Invest, investments, items, job, jobs, jump, kids, kitchen, Land, language, launch, Learn, Leases, legacy, Legal, library, Life, Lifestyle, Links, list, Live, Living, Local, low, LOWER, lyft, Make, Make Money, making, Making Money, market, Marketing, maternity leave, Media, minimum wage, mistake, Mistakes, money, monthly expenses, More, more money, Move, Moving, natural, needs, negotiating, neighborhoods, neighbors, networking, new, offer, offers, opportunity, or, organization, organizing, Other, outdoor, own business, parents, park, patience, Personal, personality, Pet, pets, photography, planner, Planning, Popular, portfolio, pressure, price, products, programs, project, projects, Purchase, quality, questions, quiet, Rates, reach, Real Estate, real estate agent, Relationships, Relaxation, reminder, repair, Research, restaurant, retirees, retirement, retirement job, retirement jobs, reward, rewards, rideshare, right, ROI, routine, running, Salary, sales, save, scams, School, search, second, security, Sell, seller, sellers, selling, Seniors, short, shortage, Side, Side Hustle, side job, simple, Sites, skill, social, Social Media, society, space, Sports, Start a Business, startup, states, story, stress, student, students, Style, survey, survey sites, surveys, target, teachers, teaching, theme park, time, time management, tips, tools, tour, traditional, Travel, trends, trust, Uber, under, unique, united, united states, vacation, virtual, virtual assistant, visitor, visitors, volunteer, walking, walmart, wants, wealth, Websites, will, work, work from home, worker, workers, working, working from home, young, young people

Apache is functioning normally

May 29, 2023 by Brett Tams

We all know that saving money is important, and asking yourself “how much money should I save?” can be a difficult question to answer when beginning. Being a personal finance expert, I am asked this question a lot.

How much money should I save each month? How much do I need to retire? These are common questions I receive and you will finally receive an answer! #howmuchmoneyshouldisave #howmuchmoneyshouldyousave #howmuchdoineedtoretire

How much money should I save each month? How much do I need to retire? These are common questions I receive and you will finally receive an answer! #howmuchmoneyshouldisave #howmuchmoneyshouldyousave #howmuchdoineedtoretireBetween saving for emergencies, retirement, vacations, etc. there are a lot of things to consider. And, knowing how much to save is something that many people don’t often talk about. When it does come up, it can seem like there is no straight answer.

I’ve talked a lot about savings on this blog, and in my post 56% Of Americans Have Less Than $10,000 Saved For Retirement, I stated that 56% of Americans have less than an average of $10,000 in retirement savings and 33% have no retirement savings at all. This is something incredibly important to address!

Other interesting statistics mentioned in this article include:

  • 42% of millennials have not begun saving for retirement.
  • 52% of Gen Xers have less than $10,000 in retirement savings.
  • About 30% of respondents age 55 and over have no retirement savings whatsoever.
  • Nearly 75% of Americans over 40 are behind on saving for retirement.

There are many reasons for why a person may not save money each month, which I discuss further in the article.

However, one of the biggest reasons I’ve noticed is that people don’t realize that they should be saving more – because they think they’re “invincible” (they think they don’t need to save at the moment, they think they’ll never leave their job, etc), because they truly do think that they are saving enough money, or because they are so overwhelmed by the idea of saving money that they just don’t save any money at all.

Really, all of these reasons get back to the question I began with, “how much money should I save?” If you find that you are asking that question and not getting any straight answers, I am here to help you figure that out today.

Articles related to “how much money should I save?”:

So, how much money should I save each month?

According to the U.S. Bureau of Economic Analysis, the personal savings rate has averaged around 5% in the past year, and averaged 8.33% from 1959 until 2016.

There are a lot of people that think saving between 1% and 5% of their income is enough to be on track for retirement.

Sadly, it’s unlikely that amount will be enough to retire.

While 5% is better than nothing, just one small emergency each year could easily and completely wipe out that savings.

Further, saving just 5% means it will take you a very long time to retire.

How much money should I save each month? How much do I need to retire? These are common questions I receive and you will finally receive an answer!

Retirement Calculator: https://networthify.com/calculator/earlyretirement

As you can see from the above:

  • With just a 1% savings rate, it would take you 98.9 working years until you reach retirement.
  • A 5% savings rate means that it would take you 66 working years to retire.
  • A 20% savings rate means that it would take you 37 working years to retire.
  • A 50% savings rate means that it would take you 17 working years to retire.
  • A 75% savings rate means that it would take you 7 working years to retire.

So, by saving more of your money, you are likely to retire sooner. Makes sense, right?

Related content: Do You Know Your Net Worth?

Now, all of those statistics are dependant on how much you make, but for the average person, I recommend saving at least 20% of your income. That would still be around 37 years of working.

However, there is no perfect percentage.

If you have a high income, then you should probably save more of your income so that you aren’t just wastefully spending your money. For example, we save over 80% of our income each month after personal and business expenses.

On the other hand, if 20% just seems like a crazy high percentage for you to save, then just start somewhere, anywhere! Saving something is better than saving nothing (please head to the section below “Still think you can’t any save money?” for more information).

And, everyone has different financial goals. If you want to retire early, then you’ll most likely have to save more than 20% of your income.

Recommended reading: The 6 Steps To Take To Invest Your First Dollar – Yes, It’s Really This Easy!

Think about your goals when understanding “How much money should I save?”

One person’s answer to “how much money should I save?” will most likely be completely different from the next.

Due to that, your savings percentage goal can vary depending on your specific goals. Retirement calculators can be great and all, but you really need to make sure you are thinking about your own goals.

Remember though, it’s not always just about retirement. There are other things in your life that you may want to save for.

When asking yourself “how much money should I save?” you will want to think about your:

  • Short-term goals – What are you saving for that you may purchase in the next year? This could be a vacation, an event you want to attend, holiday gifts, etc.
  • Mid-term goals – Think of a goal that you want to reach in the next decade. This may include saving for a down payment on a house, buying a car, building up an emergency fund, etc.
  • Long-term goals -This will most likely be your retirement goal, paying off your mortgage completely, etc.

Yes, that’s a lot to think about. And, this is why I always recommend saving as much as you realistically can.

Pay yourself first.

To make reaching your savings goals easier, I recommend starting to pay yourself first.

If you are unfamiliar with the idea, it’s basically setting aside money in savings before you pay any other bills. I also know someone who pays themselves first by putting extra money towards their debt before paying any other bills.

Paying yourself first before you pay your monthly expenses may be a scary thought. No one wants to over withdraw from their checking account or be unable to pay their monthly bills.

However, your future is just as important too, so it is much better to think about saving money as a need instead of something that can be pushed aside. Or, you can look at it this way, saving money is a bill you pay to yourself.

Paying yourself first becomes the first thing you do with each paycheck – you don’t even pay your other bills first. When you turn savings into a budget line item, rather than just putting what’s leftover into savings, it really can help you save more money. Yes, it may be difficult at first, but you will get used to living on less money.

For this to become part of your answer to the question “how much money should I save?” you may have to do some cutbacks with your budget or find ways to make more money. But, by only having a limited amount of money to spend each month, you will find that you are more closely watching your spending.

This may allow you to really see what is a need and what is just a want.

Here are my tips so that you can pay yourself first:

  • Take a look at how much you are currently saving and spending each month. Start tracking your spending a little more closely and see how much of that is actually unneeded. Calculate how much money you should be saving each month and set that aside at the beginning of each month.
  • Make it automatic. To make it easier and to simplify your finances, you may want to autopay a certain amount of money for savings each month.
  • If you feel uncomfortable with paying yourself first, then you may want to find ways to cut your budget back or make more money.

Still think you can’t save any money?

Okay, so now you may be thinking “How much money should I save, if I don’t have much money?!”

Thinking about that recommended 20% savings number can be frustrating if you are already having a hard time paying your bills and/or living paycheck to paycheck.

However, I recommend saving as much money as you realistically can. This may be nowhere near 20% at first, heck, this might not even be 5%, but any little bit will help. If you are not able to save that much, just save something! Start with $25 a month if you have to – seriously, every little bit does help.

Even if it’s just $1 a day, set that amount aside and start saving it.

So, no matter how you are doing right now, just start with something, no matter how small. Then, work your way up until you are saving a percentage of your income that you are happy with.

Start small and work your way towards your savings goal. And, if you are currently paying off debt, keep in mind that it counts too! Just keep moving in a positive direction and keep getting closer and closer to reaching your financial goals.

Remember that 5% of your income most likely won’t be enough for the average person to retire, so you will want to continue to improve that percentage well into the future so that you will be able to retire one day.

I understand that some people have financial situations in which they may not be able to save as much money as they would like. Living paycheck to paycheck, being in medical debt, or having a major unexpected expense can wreck a person’s financial situation and their goals, and I understand that.

However, you will need to find a way out of that. To find a way out, you may want to find ways to cut your spending, make more money (learn ways to make extra money), and more. You will have to challenge yourself, and it may not be easy. However, it will all be worth it once you reach your financial goals!

By spending less money, you’ll decrease the amount of money you need for the future, including money for emergency funds, retirement, and more.

Just think about it: If you are currently living a frugal lifestyle, then you will be used to living on less in the future. This means that your saved retirement amount doesn’t need to be as large, which means it may be easier to reach that savings goal.

Also, if you start saving now, you can take advantage of compound interest, which I’ll talk about next.

Here are some great articles that I recommend reading that will help you learn how to save money and make extra money:

The power of compound interest.

Saving for retirement as soon as you can is a great thing, especially because of compound interest.

With compound interest, time is on your side- meaning you should start saving money as early as you can.

Compound interest is when your interest is earning interest. This can turn the amount of money you have saved into a much larger amount years later.

This is important to note because $100 today will not be worth $100 in the future if you just let it sit under a mattress or in a checking account. However, if you invest through your retirement account, then you can actually turn your $100 into something more. When you invest, your money is working for you and growing your savings.

For example: If you put $1,000 into a retirement account with an annual 8% return, 40 years later you will have $21,724. If you started with that same $1,000 and put an extra $1,000 in it for the next 40 years at an annual 8% return, that would then turn into $301,505. If you started with $10,000 and put an extra $10,000 in it for the next 40 years at an annual 8% return, that would grow into $3,015,055.

So, if you are wondering “How much money should I save for retirement?” you should also focus on the reasons for saving for retirement now, such as:

  • It can help make sure you aren’t working for the rest of your life.
  • You can retire sooner rather than later.
  • You can lead a good life well after you finish working.
  • Compound interest means the earlier you save the more you earn.
  • You won’t have to rely on your children or others in order to survive.

As you can see, learning how much money you should save, such as for retirement, is very important.

Side note: I recommend you check out Personal Capital if you are interested in gaining control of your financial situation. Personal Capital is similar to Mint.com, but much better. Personal Capital is free, and it allows you to aggregate your financial accounts so that you can easily see your whole financial situation, including investments.

So, what’s your answer for when a person asks “How much money should I save?” What are you currently saving for? What percentage of your income do you save?

Related Posts

<!–

–>

Source: makingsenseofcents.com

Posted in: Retirement, Starting A Family Tagged: 2016, About, age, All, Amount Of Money, analysis, average, before, bills, Blog, Budget, building, business, Buying, buying a car, calculator, Calculators, car, cents, Checking Account, Children, Compound, Compound Interest, Debt, down payment, down payment on a house, earning, Emergency, Emergency Fund, event, expense, expenses, Extra Money, Finance, finances, Financial Goals, Financial Wize, FinancialWize, Free, frugal, fund, funds, future, gifts, goal, goals, good, great, Grow, holiday, holiday gifts, house, How much money should I save, How To, how to save money, in, Income, interest, Invest, investments, job, Learn, Life, Lifestyle, Living, Make, make extra money, making, Medical, Medical debt, millennials, Mint, mint.com, money, monthly expenses, More, more money, Mortgage, Moving, moving in, net worth, one day, or, Other, paycheck, paycheck to paycheck, Paying Off Debt, Personal, personal finance, Purchase, rate, reach, retire early, retirement, retirement account, retirement calculators, retirement savings, return, right, save, Save Money, Saving, Saving for Retirement, saving money, savings, savings goal, Savings Goals, savings rate, short, Side, Spending, Spending Less, Start Saving, statistics, time, tips, tracking, under, vacation, vacations, wants, will, work, working

Apache is functioning normally

May 28, 2023 by Brett Tams

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

The deadline for the U.S. to raise the debt ceiling is looming. If the U.S. defaults, it’s likely to impact many Americans in some capacity. Even if we manage to escape this economic crisis, though, another one is likely on the horizon.

Whether it’s a nationwide recession, worldwide crisis or a personal event, it’s a good idea to start thinking about how to stabilize your finances now so they can be a safety net in your time of need.

How the U.S. debt ceiling crisis could impact your finances 

“We’ve never had this type of default before,” says Jean Ross, a senior fellow of economic policy at the Center for American Progress. A lot depends on whether the default period is short term or more protracted.

Things that could happen include:

  • A decrease in household wealth: This would especially be the case among those who have retirement portfolios and stock holdings. A stock market spiral could impact retirees who are pulling from their retirement funds, as well as workers on the brink of retirement who might now have to reconsider their plans. 

  • Rising interest rates: Rates on credit cards and adjustable-rate mortgages would increase, and with it, the debt load of many Americans — which also could negatively affect their credit scores.

  • Delayed paychecks: This would impact federal employees and businesses with federal government contracts. Those affected could include everyone from cleaning contractors to graphic designers and people who serve lunch in federal buildings, according to Ross. 

  • A disruption in some federal or state government benefits: Programs like Supplemental Nutrition Assistance Program, Medicaid, Social Security and veterans benefits could be affected. 

How to make your budget resilient

You can’t always control how much time you have to prepare for a financial crisis. The key is to work strategically with the time and resources you have to safeguard your budget as best you can.

Here are some tips for how to brace your budget for a major financial disruption.

1. Make or fine-tune your budget

To prepare for an emergency, isolate your necessary expenses so you know what your bare minimum budget should be. A 50/30/20 budget framework is a good way to start thinking about what’s necessary and what you can cut if needed.

“When it comes to expenses, we usually don’t go back far enough,” says Kia McCallister-Young, the director of America Saves, a nonprofit organization and an initiative of the Consumer Federation of America. Only looking at your last few statements can cause you to leave out annual expenses. McCallister-Young recommends going back a full year and examining all your statements, including those from your bank and other bill pay apps.

If you’re in a crisis now: Make a list of expenses you can cut — things like cable or streaming subscriptions, meal services, eating out and shopping. Contact these providers to cancel immediately.

2. Create or bulk up your emergency fund

Ideally, you should have or be working toward an emergency fund that holds three to six months of necessary expenses. However, “three to six months in expenses is very overwhelming, and for some people unattainable as well, especially if you’re not earning a living wage,” says McCallister-Young.

She recommends starting with an attainable goal and automating your savings, either through direct deposit or through your bank. Even $10 a week is a good starting point. “Saving is a habit, not a destination,” says McCallister-Young.

Storing your emergency fund in a high-yield savings account is a good idea because it’s easy to access and also will be earning interest with each passing month, helping you reach your goal faster.

If you’re in a crisis now: It can feel scary to pull money from your emergency fund, but don’t be afraid. “You don’t have to feel bad about the fact that you are using the savings that you have created,” says McCallister-Young. “It’s supposed to be there to help you.” If you don’t have an emergency fund, though, reach out to your community resources.

3. Research assistance in your area

Knowing where to turn in a financial crisis can be a challenge because you might be feeling panic or shame. McCallister-Young recommends finding a “community of support that can lift you up and can tell you where you should go” in a time of need.

Plugging into these community resources ahead of an emergency can be helpful. Consider joining online neighborhood groups, following the social media pages of local nonprofits and identifying food banks in your area.

If you’re in a crisis now: Start your internet search with 211.org for confidential help from experts on everything from finding food to mental health assistance. From there, reach out to your community of support to find local food banks or identify community groups or nonprofits that can help pay your bills.

4. Pay down your debt

One of the ways you can set yourself up to survive a financial crisis is to have as little debt as possible. Big disruptions are likely to make it harder to pay your bills, and accruing interest will only make digging out of your circumstance harder.

To prepare for an emergency, start paying down credit card and other debt now. If it’s a recession you’re worried about, focus on paying down debt with the highest interest rates.

If you’re in a crisis now: Contact lenders to discuss payment options. For example, a lender might be able to put you on a payment plan to spread out costs into more manageable chunks or temporarily lower your interest rate.

5. Bolster your credit score

The best way to protect your credit during a financial disruption is to make on-time payments and keep your credit utilization as low as possible. However, this might be difficult, especially if you’re operating off of a reduced income and need your credit cards to supplement your monthly expenses.

You have some options when it comes to handling your debts, explains Melinda Opperman, chief external affairs officer at Credit.org. If you have time to prepare, “call your lender to ask if they offer a concession like a lower interest rate or a deferred payment,” she says. The only risk, according to Opperman, is that your lender might lower your credit limit, causing your credit utilization ratio to increase. This could harm your score until you are able to pay down the balance.

You also might consider using a balance transfer or 0% APR credit card to take some of the pressure off. Just pay attention to the fine print, especially when it comes to transfer fees and repayment terms, which are typically around 18 months, says Opperman.

If you’re in a crisis now: One way to weather a financial storm is to make on-time payments, but consider only paying the minimum balance, says Opperman. While it will temporarily increase your debt load, especially if you’re used to paying your balance in full each month, paying the minimum for a short time can help you get through a tough time while recording on-time payments, which is a huge factor in calculating your credit score.

The thing to note about your credit score is that it’s not typically directly impacted by a recession or personal financial crisis.

“A credit score doesn’t reflect your income, wealth or current financial situation,” says Opperman. “It’s a measure of how you handle your debts.”

Source: nerdwallet.com

Posted in: Moving Guide, Personal Finance Tagged: 0% APR, 2, 50/30/20 budget, About, All, Apps, apr, ask, balance, balance transfer, Bank, banks, before, Benefits, best, big, Bill Pay, bills, brokerage, Budget, Buy, Cable, cleaning, contractors, contracts, Credit, credit card, credit cards, credit limit, credit score, credit scores, credit utilization, credit utilization ratio, Crisis, Debt, debt ceiling, Debts, deposit, Direct Deposit, earning, Eating, eating out, Economic Crisis, Emergency, Emergency Fund, event, expenses, experts, Fees, finances, financial crisis, Financial Wize, FinancialWize, food, fund, funds, goal, good, government, Graphic, habit, health, helpful, household, How To, impact, in, Income, interest, interest rate, interest rates, internet, Investing, investments, investors, lenders, list, Living, Local, low, LOWER, Make, manage, market, measure, Media, Medicaid, mental health, money, monthly expenses, More, Mortgages, nerdwallet, offer, or, organization, Other, panic, Paying Down Debt, payments, Personal, personal finance, plan, plans, portfolios, pressure, programs, protect, Raise, rate, Rates, reach, Recession, repayment, Research, retirees, retirement, retirement funds, risk, safety, Saving, savings, Savings Account, search, securities, security, Sell, shopping, short, short term, social, Social Media, social security, stock, stock market, stocks, streaming, subscriptions, the balance, time, tips, veterans, wealth, weather, will, work, workers, working, young

Apache is functioning normally

May 26, 2023 by Brett Tams

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.


Are you wondering how much money you should have saved by 25?

If so, this post is for you.

You need to learn how to save from a young age to be financially responsible and enjoy your life without stress.

In this post, I will outline the steps that I took to save a total of $25,000 by age 25. That ultimately led to becoming a millionaire well before most people earn that 7 figure status.

My goal is to help motivate and inspire you to save as much money as possible.

I believe that if everyone saves just 20% of their income each year, we could create massive waves of positive change across the world. So let’s get started!

Are you feeling overwhelmed with the idea of saving for your future? Don't worry, this guide will help you figure out how much money should I have saved by 25 and provide tips on how to make it happen. Whether you're looking to pay off debts, buy a car, or put away for a rainy day, we've got you covered.

How much money should you have saved by 25?

It’s never too late to start saving for your future.

By age 25, you should be working through paying off debt and starting to improve your savings rate.

Below are guidelines on how much money a 25-year old should have saved by the age of 25.

Save a Total of $20000

By 25, you should have saved $20000.

Given the average savings for this age is only $11,250 and the median savings is $3,240 (source), you will be ahead of the curve with those super savers in this age group. However, most twentysomethings fall in the middle of the bell curve and could barely afford a job loss or any major expense.

Save at Least 50% of your Annual Expenses

Another rule of thumb for a 25-year-old is to save 50% of your annual expenses.

Let’s say, you spend an average of $20000 a year on rent, food, insurance, discretionary spending, etc, then you would need to save at least $10000.

This method will make sure you have enough money saved based on your lifestyle.

How much money should you have saved by age 30 for retirement?

If you want to have a comfortable retirement, you should save as much money as you can by the age of 25 and 30.

Most people don’t save enough for retirement and twentysomething (age 20-29) only have average 401k balances of $10,500 (source).

That means at a retirement age of 65, your account balance would be $94,259 in a taxable 401k / IRA or $228,107 in a Roth 401k / Roth IRA. The assumptions include no additional contributions and an 8% rate of return.

To prepare for retirement, aim to save between $15000 and $20000 by age 25. To stay on track, use a benchmark to figure out how much you need to save each year and customize your target based on your individual circumstances.

If you’re not saving for retirement yet, start contributing to 401k plans and IRA accounts now so that you’ll have a solid foundation when it comes to savings.

Save at a Minimum of 10% of your Income

This needs to be non-negotiable at the age!

It is very easy to find ways to pay yourself first and save 10% of your income. While you may prefer to hit that happy hour or buy those designer shoes, you are better off trimming your spending and up your savings while you are young.

Then, each year increase your savings percentage by 1% until you reach the 20% threshold.

But, you don’t have to stop there! Many Gen Zs are wanting to explore why there are young and healthy and not be a slave to the workforce. That means you need to save more to make that happen.

What should your net worth be at 25?

Most people in their 20s are typically swaddled in debt, especially student loan debt.

Your goal is to have a positive net worth – even if by $100. That means your savings is greater than any debt you have.

Your goal is to double your liquid net worth quickly.

What is the average savings rate for people in their 20s?

Picture of a cash of dollars for what is the average savings rate for people in their 20s.

Okay, let’s be real… okay?

Most young adults are spending more money than they are saving. That means each month their spending exceeds their income.

As such the statistics do not even include this age group.

how much should I have in savings at 25?

A graphic of a lady happy when looking at her savings balance for how much should I have in savings at 25.

At 25, you should have about 3-6 months of living expenses saved up in the bank.

Additionally, it is important to start thinking about your long-term financial goals and make sure you are building a foundation that will support those goals.

What are the different savings goals that people in their 20s should have?

Saving for your future is important, and you need to make it a top priority.

There are many different savings benchmarks to choose from including:

  • Save an emergency fund of at least $2000.
  • Participate in one of our popular money saving challenges.
  • Start contributing to workplace retirement and save enough to get the company match.
  • Begin saving for those big purchases like a gently used car or downpayment for a house.
  • Set up a Roth IRA and start making contributions (even baby amounts count).

This will make sure you are on your way to becoming financially sound before you turn 30.

What are the list of ways to save money?

A picture of someone reviewing a list of ways to save money.

If you want to save money, there are a few things you can do.

Saving money in your 20s is the easiest age to save as you don’t have as many responsibilities and obligations as you will in the future.

Here is a list of the most common ways to save money:

1. Use Budget Percentages as a Guide

If you want to save money by 25, you’ll need to start by setting a budget and sticking to it. You can reach this goal by using different budgeting techniques, such as the 50/30/20 rule.

The 50/30/20 rule is a good place to start:

  • 50% of your income going towards necessities (housing, food, utilities)
  • 30% going towards discretionary expenses (groceries, entertainment, travel)
  • 20% saved for emergencies

This will help you be consistent in your savings habits is key to saving money.

2. Track your spending

Tracking your spending is key to understanding where your money goes.

Save receipts from each purchase and go over them once a week to get a better understanding of your spending habits. This can help you see where you might be overspending and make improvements to your budgeting techniques.

Great apps to help you include Simplifi or Rocket Money.

2. Use AI Powered Savings Apps and put your savings on autopilot

With AI, you can save money by automating your savings process.

Setting up recurring transfers to automatically deposit money into your savings account means that you won’t have to worry about finances anymore.

The popular AI saving apps can also help you save for your retirement, as well as any financial goal you may have. Thus, reducing the amount of time spent on financial planning.

Top AI Savings Apps:

4. Use gamification to save

Gamification can help make saving fun and more likely to be kept up.

Gamification can help people save money by providing a tangible benefit to work towards and providing some valuable encouragement.

By using the method of gamification, you help others save money by motivating them to reach a goal while you work to complete the same goal.

For example, if you’re trying to save money for a trip, you could set up a game with friends (aka accountability partners) where you earn points every time you save money with the 100 envelope challenge. Those that save the goal amount get to go on the trip.

5. Collect your employer’s 401(k) match

If your employer matches your contributions to a 401(k) plan, it’s important to take advantage of the match.

A 401(k) match is a free money offer from your employer, so it’s worth maxing out your contributions in order to gain the most benefit.

Also as long as you meet the qualifications, you can also contribute post-tax dollars to a Roth IRA account. This is another great way to increase savings for retirement.

6. Delay buying a home

Buying a home is not easy, but it’s important to have goals and plan for what you want to achieve.

The down payment on a house is one of the most important factors when buying a home as such you may need to delay buying a home for as long as possible to save money.

Also, by delaying buying a home, you can save money by taking the time to research different neighborhoods, compare prices, and get pre-approved for a mortgage.

Not only will this save you money in the long run, but you will also have peace of mind knowing that your future home is exactly what you wanted.

7. Use Open banking to track your spending

If you’re interested in tracking your spending and saving money, you can use Open banking to do just that.

Open banking allows customers to access their bank account information and manage their finances through APIs.

This means you can see how much money you’ve spent and where your money is going, which can help you stay within your budget. Additionally, open banking tools can be used to better understand your bank’s products and services.

Many of the best budgeting apps, such as Quicken, allow you to utilize open banking data to help you organize and manage your money in one place.

8. Use credit cards sparingly

Even those Gen Z has the lowest credit card debt amount (source), it is still wise to make sure you are using credit cards appropriately.

Credit cards can be a great way to earn rewards or get cash back, but only if you use them sparingly and pay off your balance in full each month to avoid interest charges.

It’s also important to check your credit report regularly to make sure there are no outstanding debts you didn’t know about.

9. Use a budget

If you want to save money, using a budget is a great way to accomplish it.

By tracking your expenses and setting limits on how much you can spend each month, you can make sure that you are always saving money.

A budget is a great way to save money because it allows you to choose where you actually want to spend your money rather than figuring out where you spent your money afterward. It also allows you to optimize your spending so that you don’t waste money on unnecessary things.

10. Invest for the long term

Investing for the long term can be a great way to save money as you let your money grow instead of having to create new streams of income.

You can buy stocks in companies or ETFs and hold onto them for a long time, adding money to your account regularly. This strategy can help you take advantage of market volatility and make money over the long term.

You also need to make sure you’re properly investing your money in order to reach your savings goals.

What is the best advice to save money by 25?

Picture of a graphic with a laptop and money for the best advice to save money by 25.

To save money by 25, individuals should aim to save 10% of their income.

It may be difficult to save more than 10% of one’s income, but it is possible.

Saving money is essential for financial security at any age, and you can start by being determined and making sure you’re saving at least 10% of your gross salary.

Simple Tips to Save Money by 25

You should focus on spending as little as possible to save money, and set a fixed budget rather than relate your expenses to your income.

Be consistent in your savings and avoid impulsiveness to save money.

Save up on transport or any other thing you might feel is a luxury rather than a necessity.

What is the average savings rate for people in their 20s?

The average savings rate for people in their 20s is $11,250, so it’s important to start saving as soon as possible.

The median savings is $3,240, so most people in their 20s have modest savings.

Savings Tools to Build Cash Fund Savings

Picture of a young adult holding cash for savings tools to build cash fund savings.

There are many ways to save money, so find what works best for you.

People in their 20s have a lot of opportunities to save money, so don’t wait to start!

You want a savings plan that matches your long-term financial goals!

Pay yourself first

In order to have a successful future, it is important to start saving from a young age. There are a few different ways to save money, and one of the most important is to pay yourself first.

This means putting your own money into your bank account before spending it on anything else.

This will help you build a strong foundation for your future, and you will be able to save more money

Save Consistently

Set aside money regularly so you have a stash of cash to use when you need it.

That means each you save $100 or each paycheck you save $250.

Whatever the amount, do it consistently.

Trim Spending

If you want to save more money each month or year, try cutting back on unnecessary expenses.

Don’t rely on your income to directly influence your costs – track how much you’re spending each month and try not to exceed your allotted amounts for each category.

Do not overspend just because there’s more money in your checking account – create healthy financial habits that will last long-term.

Use Cash Windfalls Strategically

These cash windfalls could be from bonuses, inheritances, or even some left hand itching lottery luck!

You want to save those cash windfalls and make a plan on how you will spend them.

Additionally, you may be able to use the money to pay down debt or buy a home. This is an important lesson to learn if you have unexpected money coming your way—you don’t have to spend it all!

Save Increases in Income

Dedicate additional income to savings so that you’re really putting your money where your mouth is.

You can increase your savings by dedicating a percentage of your income to savings. Dedicate 10% of your income to savings, for example, and then an extra 1% to save search year.

Savings will grow along with your income, and you will have more money to use for other needs.

Make Saving a Habit

Your saving habits will change as you reach your 20s and into your 30s.

However, it’s important to keep track of your progress and make saving part of your regular routine. There are many different ways to save and reach your goals, so find what works best for you.

FAQs

If you have a low income, there are still ways that you can save money.

Try to focus on paying off high-interest debt first and then saving three months of living expenses.

Another way to save money is by reducing unnecessary expenses with a 30 day spending freeze.

The answer to this question depends on your individual situation and goals. However, we can offer some general advice on saving habits for a 25 year old should include:

First, it’s important to set a budget and stick to it. This will help you track how much money you are spending each month, and allow you to make better decisions about where to cut back. Add 1% to your monthly savings each month until you reach your goal of $20000 saved.

You also need to be mindful of how you spend your money. Try not to rely too heavily on credit cards or other forms of debt, which can quickly add up over time. Instead, try investing in stocks or bonds instead – these tend to provide more reliable returns over time and offer less risk than some other investments.

Finally, don’t forget about savings! Whether it’s into a high-yield savings account or an emergency fund earmarked for unexpected expenses, putting away some extra cash will help ensure that you have enough resources when necessary.

How much should I have in my emergency fund by 25?

By 25, you should have saved at least $1000.

However, 2% of your annual salary is a better threshold.

By age 25, most people should be saving at least 5% of their income and contributing an additional 1% every year.

If you can’t save enough money to contribute at the recommended rates, don’t worry – you can still save for retirement by gradually increasing your savings rate.

Saving money can be difficult, but it’s important to focus on not spending every penny you earn.

One way to do this is to set aside a certain amount of money each month that you will not spend.

Another way to save money is to find ways to reduce your monthly expenses. For example, you can cook at home more often instead of eating out, or you can carpool with friends to save on gas.

If you’re determined and have the skills, you can quickly learn how to make money online for beginners.

Side hustles are the name of the game right now.

Stick around Money Bliss – we have plenty of ways to help you earn extra money.

If you want to pay off your debts more quickly, you should start by saving money each month.

You can use your savings to pay down your debts faster if you focus on high-interest debt first.

If you have three months’ worth of living expenses saved up in case of emergencies, that would also be a good place to start. Check out the best debt apps to help you.

First, you need to make sure you are financially stable in other areas. You are fully funding your retirement accounts and Health Savings account, you have stable housing.

Then, you can consider saving for a child’s education through a 529 plan.

Saving for a child’s education can be difficult and expensive, but it’s important to start early if you have the extra income to support it.

To save money for a vacation, start by setting a specific amount you want to save each month. Then, calculate how much money you need to save by the date of your dream vacation.

Set a date by which you want to have traveled and begin backing out the math needed for that trip! As long as you continue saving 20% of your income each month and stay within budget, travel is always possible!

How to Save for a retirement

To save for retirement, you should start by investing 5-15% of your paychecks into a tax-advantaged account.

You should also plan your retirement based on your income, age, and desired lifestyle. You can save for retirement by consistently increasing how much you put in retirement accounts.

Don’t forget to include that employer match!

What should I do if I don’t have enough saved by 25?

Don’t get down on yourself!

Start now!

Waiting will only exacerbate things.

There are many different savings techniques to try, so it’s important to find one that works for you:

  • Start by putting away $50 every month and then add more funds as needed.
  • Pick one of our money saving challenges.
  • Use cash or debit cards instead of credit cards.

Even if you don’t have any big expenses planned in the near future, saving is still important for long-term financial stability. You’ll be on your way to having enough money when you’re older!

What are the consequences of not saving by 25?

You have nothing to show for your hard-earned income.

That is the cold and honest truth. But, you are only 25 years old, so you have plenty of time to change your ways.

If you’re not saving by 25, you may have to make some sacrifices in order to reach your financial goals. You may need to cut back on your spending, take on a second job, or make other changes to your lifestyle.

However, if you’re willing to make these sacrifices, you can still reach your goals.

Savings Steps for your Twenty-Something Self

When it comes to your twenties, there are a lot of things you want to do and accomplish.

One of the most important things on that list should be saving money.

After all, the earlier you start saving, the more time your money has to grow.

Starting to save money from a young age can lead to a larger nest egg over time. Plus, if you start early, you can take advantage of compound interest, which will help your money grow faster.

An individual’s earnings and spending patterns are still in flux during their twenties, so there are many opportunities to save.

Also, you need to remember there is more to life than just saving money–put other goals on your list (such as starting a business) and figure out how much you need to save each month in order to reach your targets.

Now, learn how much should I have saved by 30.

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

Source: moneybliss.org

Posted in: Money Tips Tagged: 2, 401(k) plan, 401k, 401k plans, 529, 529 plan, About, advice, age, AI, All, Amazon, Amount Of Money, Apps, assumptions, at home, average, average savings, baby, balance, Bank, bank account, Banking, before, best, big, bonds, bonuses, Budget, Budgeting, budgeting apps, build, building, business, Buy, buy a home, Buying, Buying a Home, car, cash back, Checking Account, commission, companies, company, Compound, Compound Interest, contributions, cost, Credit, credit card, Credit Card Debt, credit cards, Credit Report, curve, data, debit cards, Debt, Debts, decisions, deposit, disclosure, double, down payment, down payment on a house, Downpayment, dream, dream vacation, earn extra money, earnings, Eating, eating out, education, Emergency, Emergency Fund, employer, employer match, Entertainment, ETFs, expense, expenses, expensive, Extra Income, Extra Money, Fall, finances, financial goal, Financial Goals, financial habits, Financial Planning, financial stability, Financial Wize, FinancialWize, fixed, food, foundation, Free, fun, fund, funds, future, Gamification, gas, Gen Z, General, get started, goal, goals, good, great, groceries, Grow, guide, habit, habits, health, health savings account, healthy, hold, home, house, Housing, How To, How to Make Money, improvements, in, Income, Insurance, interest, Invest, Investing, investments, IRA, job, Learn, Life, Lifestyle, Links, list, Living, living expenses, loan, low, luck, Luxury, Make, make extra money, Make Money, Make money online, making, manage, market, math, Millionaire, money, monthly expenses, More, more money, Mortgage, needs, neighborhoods, net worth, new, offer, or, organize, Other, patterns, paycheck, Paying Off Debt, peace, penny, place, plan, Planning, plans, points, Popular, Prices, products, Purchase, rate, rate of return, Rates, reach, Rent, Research, retirement, retirement account, retirement accounts, retirement age, return, returns, rewards, right, risk, roth, Roth IRA, routine, Salary, save, Save Money, Saving, Saving for Retirement, saving money, savings, Savings Account, savings apps, Savings Goals, savings plan, savings rate, search, second, second job, security, Side, Side Hustles, simple, Spending, spending freeze, spending habits, stable, Start Saving, starting a business, statistics, stocks, stress, student, student loan, student loan debt, target, tax, tax-advantaged, taxable, time, tips, tools, tracking, Travel, used car, utilities, vacation, volatility, waves, Ways to Save, will, windfalls, work, working, young, young adults
1 2 … 29 Next »

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • October 2020

Categories

  • Account Management
  • Airlines
  • Apartment Communities
  • Apartment Decorating
  • Apartment Hunting
  • Apartment Life
  • Apartment Safety
  • Auto
  • Auto Insurance
  • Auto Loans
  • Bank Accounts
  • Banking
  • Borrowing Money
  • Breaking News
  • Budgeting
  • Building Credit
  • Building Wealth
  • Business
  • Car Insurance
  • Car Loans
  • Careers
  • Cash Back
  • Celebrity Homes
  • Checking Account
  • Cleaning And Maintenance
  • College
  • Commercial Real Estate
  • Credit 101
  • Credit Card Guide
  • Credit Card News
  • Credit Cards
  • Credit Repair
  • Debt
  • DIY
  • Early Career
  • Education
  • Estate Planning
  • Extra Income
  • Family Finance
  • FHA Loans
  • Financial Advisor
  • Financial Clarity
  • Financial Freedom
  • Financial Planning
  • Financing A Home
  • Find An Apartment
  • Finishing Your Degree
  • First Time Home Buyers
  • Fix And Flip
  • Flood Insurance
  • Food Budgets
  • Frugal Living
  • Growing Wealth
  • Health Insurance
  • Home
  • Home Buying
  • Home Buying Tips
  • Home Decor
  • Home Design
  • Home Improvement
  • Home Loans
  • Home Loans Guide
  • Home Ownership
  • Home Repair
  • House Architecture
  • Identity Theft
  • Insurance
  • Investing
  • Investment Properties
  • Liefstyle
  • Life Hacks
  • Life Insurance
  • Loans
  • Luxury Homes
  • Making Money
  • Managing Debts
  • Market News
  • Minimalist LIfestyle
  • Money
  • Money Basics
  • Money Etiquette
  • Money Management
  • Money Tips
  • Mortgage
  • Mortgage News
  • Mortgage Rates
  • Mortgage Refinance
  • Mortgage Tips
  • Moving Guide
  • Paying Off Debts
  • Personal Finance
  • Personal Loans
  • Pets
  • Podcasts
  • Quick Cash
  • Real Estate
  • Real Estate News
  • Refinance
  • Renting
  • Retirement
  • Roommate Tips
  • Saving And Spending
  • Saving Energy
  • Savings Account
  • Side Gigs
  • Small Business
  • Spending Money Wisely
  • Starting A Business
  • Starting A Family
  • Student Finances
  • Student Loans
  • Taxes
  • Travel
  • Uncategorized
  • Unemployment
  • Unique Homes
  • VA Loans
  • Work From Home
hanovermortgages.com
Home | Contact | Site Map

Copyright © 2023 Hanover Mortgages.

Omega WordPress Theme by ThemeHall