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PayPal is an online payment system that’s been a major part of online transactions since 1998, and you may have seen that they offer a credit card. Before applying for a PayPal credit card, it’s helpful to ask, “How much does a PayPal credit card affect my credit score?” Every credit card has pros and cons, and they can also have an impact on your credit score.
A good credit score helps you get lower interest rates on credit cards and can improve your financial well-being.
Read on to learn more about what a PayPal credit card is, how it affects your credit score and what score you need to improve your chances of getting approved.
How a PayPal credit card affects your credit score
Having a PayPal credit card can positively and negatively affect your credit score, depending on how you use it. Your credit score indicates how financially responsible you are to lenders and other businesses that check your score. Before learning how a PayPal credit card can affect your score, knowing how your credit score is weighted is beneficial.
One of the most popular scoring models is the FICO® scoring model, and it’s based on five factors:
Payment history (35 percent)
Credit utilization (30 percent)
Length of credit history (15 percent)
Credit mix (10 percent)
New credit applications (10 percent)
As you can see, your payment history is the most important aspect, so paying your credit card on time is crucial to having a good score. PayPal reports to the credit bureaus, so your activity will show up on your credit reports, which determines your score.
Should you miss payments on your PayPal credit card, it can negatively affect your score. Next is credit utilization, which is the percentage you owe based on your max credit limit. Making your payments on time and keeping your utilization percentage low are the best ways to have this credit card work in your favor.
How does PayPal Credit work?
A PayPal credit card works similarly to a regular credit card, but you don’t need the physical card when making online payments that have a PayPal option.
If the website accepts PayPal, the checkout option will show you the various accounts you have attached, like your bank accounts and your PayPal balance. If you have a PayPal credit card, it will show you the credit option as well.
You’ll also receive a physical version of the credit card, which you can use in person.
Similar to a regular credit card, you will receive a statement each month with all of your transactions and the minimum payment due. You can also pay the statement balance or current balance if you’d like to pay more than the minimum. To pay, you’ll use your PayPal balance or a linked bank account.
Does PayPal do a hard pull for a credit application?
Applying for a PayPal credit card triggers a hard inquiry on your credit report. New credit is worth 10 percent of your credit score and reflects how often you apply for new lines of credit. Multiple credit card applications in a short period indicate to lenders that you may have money problems and could struggle to make payments.
Although a PayPal credit card application will trigger a hard inquiry and reduce your score, it’s only temporary. Regular, on-time payments and low utilization will eventually balance out the negative impact of the hard inquiry. The inquiry will show as SYNCB/PPC on your report as well as on your credit card statements when you make purchases.
What credit score is needed for a PayPal credit card?
PayPal doesn’t list a specific credit score you need to get approved for their credit card, but in an article, they do say a score of 670 can help your approval odds for good credit cards. Now that you know that hard inquiries can lower your credit score, it’s helpful to get a free credit assessment. This includes your credit score and other helpful information about your credit health.
PayPal may approve you for a credit card with a score lower than 670, but a lower score often means that you pay higher interest fees when you make your purchases. Whether you’re applying for a PayPal credit card or other credit cards, it’s often helpful to use tools like a secured credit card to boost your score so you can get better interest rates.
Improving your credit score can help your PayPal credit card approval odds
PayPal has multiple credit cards to choose from, and one of them may be right for you. Before applying for a PayPal credit card, check your credit score. A hard inquiry into your credit report lowers your score, which you should avoid if you may be denied.
Fortunately, Lexington Law Firm offers a free credit assessment so you can check your credit score and other aspects of your credit health. We also offer credit repair services for those who may have errors on their credit report. Sign up to get your free credit assessment today.
Considering moving to Tennessee? This state is full of picturesque landscapes, dynamic urban areas, and a growing tech industry, making it a prime choice for relocation. With its iconic cities, scenic mountain views, and a rich cultural scene, Tennessee offers a diverse living experience. Whether you’re looking at houses for sale in Knoxville, renting in Chattanooga, or exploring houses for rent in Nashville, here’s what you should know about moving to Tennessee.
Tennessee at a glance
The state’s landscapes range from the majestic peaks of the Smoky Mountains to the serene rolling hills of the Cumberland Plateau, providing a variety of outdoor activities. Large cities like Memphis and Nashville are cultural hubs, renowned for their lively music scenes, history, and entertainment options. Major sectors driving Tennessee’s economy include energy, technology, and healthcare, with prominent companies such as FedEx and HCA Healthcare headquartered here.
Culturally, Tennessee is rich with world-class museums like the Country Music Hall of Fame and the National Civil Rights Museum, alongside notable music festivals such as Bonnaroo and Memphis in May. The state’s culinary scene is equally diverse, featuring everything from Memphis barbecue to Nashville hot chicken. Educational opportunities are robust with institutions like the University of Tennessee and Vanderbilt University adding to the state’s atmosphere. For those seeking affordable places to live, cities like Clarksville and Johnson City offer lower living costs while maintaining a high quality of life.
1. Tennessee has a significant musical heritage
Tennessee’s musical heritage is renowned worldwide, with Nashville earning the nickname “Music City” for its pivotal role in country music. The Grand Ole Opry, the Ryman Auditorium, and the Country Music Hall of Fame attract music lovers from across the globe. Memphis also has a rich musical history, being the birthplace of rock ‘n’ roll at Sun Studio and home to the legendary Beale Street, where blues musicians like B.B. King and Elvis Presley once performed. Additionally, cities like Bristol, recognized as the birthplace of country music, and Dollywood in Pigeon Forge celebrate the state’s deep musical roots through festivals and performances that honor Tennessee’s enduring influence on American music.
2. The state has a low cost of living
Tennessee’s lower cost of living is a major draw, with the median home sale price of $400,900 and average rental prices for a one-bedroom apartment in cities like Memphis hovering around $978 per month. While Nashville and Knoxville offer more urban amenities, cities like Chattanooga and Clarksville provide more affordable housing options without sacrificing quality of life. In fact, the cost of living in Chattanooga is 9% lower than the cost of living in Nashville. Beyond housing, Tennessee residents benefit from lower costs in utilities, groceries, and healthcare compared to the national average. This overall affordability makes Tennessee an attractive choice for those looking to maximize their budget without compromising on lifestyle.
3. Hot chicken is a local delicacy
Nashville hot chicken is a fiery local delicacy that has gained nationwide fame. This spicy fried chicken, typically served with pickles and bread, originated at Prince’s Hot Chicken Shack in Nashville. Today, you can savor this culinary treat at numerous local eateries, including Hattie B’s and Bolton’s Spicy Chicken & Fish, each offering their own unique twist on the dish.
Insider scoop: For a truly local experience, visit during the Nashville Hot Chicken Festival held every Fourth of July, where you can sample the best hot chicken from various vendors and enjoy live music and various activities.
4. There’s no state income tax
One of the financial perks of moving to Tennessee is the absence of state income tax, allowing residents to keep more of their earnings. This policy makes Tennessee particularly attractive to individuals seeking lower overall tax burdens. The savings on state income tax can be significant, especially compared to neighboring states with higher tax rates. For budget-friendly individuals, this means more disposable income for everyday expenses, savings, or investments, enhancing their overall financial well-being. Considering the pros and cons of living in Tennessee, this tax advantage is a notable benefit that can positively impact your financial planning.
5. The state is known for its Tennessee whiskey
Tennessee is renowned for its Tennessee whiskey, a distinct style of whiskey that follows a specific production process unique to the state. This includes the Lincoln County Process, where the whiskey is filtered through charcoal before aging, giving it a smooth, mellow flavor. The most famous brand is Jack Daniel’s, whose distillery in Lynchburg is one of the oldest registered distilleries in the United States. This iconic site offers guided tours where visitors can learn about the whiskey-making process and the history of Jack Daniel’s, ending with a tasting of their renowned products.
Travel tip: Plan your visit to the distillery during the annual Jack Daniel’s World Championship Invitational Barbecue in October, a festival that combines delicious barbecue, live music, and, of course, plenty of Tennessee whiskey.
6. The internet is fast in Chattanooga
Tennessee has some of the fastest internet speeds in the country, thanks to initiatives like Chattanooga’s EPB Fiber Optics network. This gigabit-speed internet service has positioned Chattanooga as a tech-friendly city, attracting startups and tech companies. Whether you’re working from home or streaming your favorite shows, you’ll appreciate the robust and reliable internet connectivity.
7. Smoky Mountains National Park is the most visited national park in the U.S.
The Great Smoky Mountains National Park, straddling the border between Tennessee and North Carolina, is the most visited national park in the U.S., attracting millions of visitors each year. This expansive park features over 800 miles of hiking trails, including the challenging Alum Cave Trail and the scenic Clingmans Dome, the highest peak in the park. Visitors can explore diverse ecosystems, from lush hardwood forests to rolling mountain meadows, and observe a wide range of wildlife such as black bears, elk, and deer. The park also boasts historic sites like Cades Cove, where preserved log cabins and barns offer a glimpse into early Appalachian life.
Travel tip: For a less crowded experience, visit during the shoulder seasons of spring and fall, when the park’s natural beauty is at its peak and parking is more accessible, allowing for a more serene exploration of the trails and overlooks.
8. There’s a theme park dedicated to Dolly Parton here
Dollywood, located in Pigeon Forge, is a popular theme park founded by country music legend Dolly Parton. The park offers a mix of thrilling rides, live entertainment, and traditional crafts, all set against the backdrop of the Smoky Mountains. Dollywood also hosts seasonal festivals and events, making it a year-round destination for fun.
Insider scoop: To make the most of your visit, arrive early and head straight to the most popular attractions like the Lightning Rod roller coaster and the Wild Eagle flight ride before the lines get long.
9. The BBQ in Tennessee is distinctive
Moving to Tennessee, you’ll become familiar to its distinctive barbecue, with Memphis standing out as a premier destination for this culinary tradition. Memphis-style BBQ is characterized by its dry-rubbed ribs, which are seasoned with a blend of spices before being slow-cooked to perfection, and pulled pork, which is often served with a tangy, tomato-based sauce known for its unique sweet and spicy flavor. Notable BBQ joints include Charlie Vergos’ Rendezvous, known for its iconic dry-rubbed ribs and secret seasoning blend; and Interstate Bar-B-Q, which offers a variety of smoked meats.
10. The state is filled with Civil Rights history
Tennessee is deeply embedded in Civil Rights history, with several key locations marking pivotal moments in the struggle for racial equality. In Memphis, the National Civil Rights Museum is housed in the Lorraine Motel, where Dr. Martin Luther King Jr. was assassinated in 1968, offering comprehensive exhibits. In Nashville, the historic Fisk University is renowned for its role in early civil rights activism, and the city was a center of the 1960s sit-in movement. These sites, among others, provide insight into the state’s significant tie with the movement.
11. You’ll need to prepare for the tornados
Tennessee’s location in the southeastern United States means it is susceptible to tornadoes, especially during the spring and fall seasons. The state’s flat terrain and warm, moist air make it a frequent target for tornado activity. It’s crucial for residents to have emergency plans, including knowing local shelter locations and having a weather radio for alerts. Many homes are equipped with storm shelters or safe rooms to offer protection during severe weather events. Communities often have tornado sirens and conduct regular drills to prepare residents for potential emergencies.
Methodology
Population data sourced from the United States Census Bureau, while median home sale prices, average monthly rent, and data on affordable and largest cities are sourced from Redfin.
One of the most popular benefits the U.S. military offers is the GI Bill, which helps current and former service members pay for college or vocational school.
This federal benefit can help veterans transition to civilian life and achieve their educational and career goals. But because a veteran’s eligibility for education assistance can vary based on when and how long they served, their branch of service, and other factors, understanding and maximizing these generous benefits can be a challenge.
If you’ve been wondering how — and how much — the military pays for college, here’s a look at some GI Bill basics.
What Is the GI Bill?
The GI Bill, formally known as the Servicemen’s Readjustment Act of 1944, was signed into law by President Franklin D. Roosevelt at the end of World War II. The program was originally designed to offer various financial and social benefits to World War II veterans after they returned home. Those benefits included small business loans, mortgages, and education grants.
Today, the GI Bill specifically refers to any U.S. Department of Veterans Affairs (VA) education benefit offered to active-duty service members, veterans, and their families. The Post-9/11 GI Bill is the most frequently used VA education benefit program. Depending on how long you were in the military, it provides up to 100% of your tuition, money for housing, and a stipend for books and supplies.
Besides the GI Bill, serving in the military can give you access to other education-related benefits. As a service member on active duty, for example, you may qualify for certain perks or special repayment options for any federal or private student loans you’ve already taken out.
Types of GI Bills
Since it was enacted in 1944, the GI Bill has been extended — and expanded — several times. As a result, there are multiple parts and programs that can be used to pay for college. Here’s a closer look.
Post-9/11 GI Bill
This current version of the GI Bill is designed to support the latest generation of service members and veterans. If you have served on active duty for at least 90 days since Sept. 10, 2001, you are likely eligible for Post-9/11 GI Bill benefits. This is the case if you’re still in the military, or if you have already separated with an honorable discharge.
The Post-9/11 GI Bill can help cover the cost of college or an advanced degree, technical training, on-the-job training, or licensing/certification. Eligible service members can also transfer unused education benefits to their spouse and children.
Recommended: What Are Student Loans for Military Dependents?
Montgomery GI Bill
The Montgomery GI Bill (MGIB) is an older GI Bill program that provides up to 36 months of education benefits to those who have served on active duty and meet the requirements.
The Active Duty Montgomery GI Bill (MGIB-AD) is for veterans and current members of the military who have served at least two years on active duty. It provides a monthly benefit payment to use for education and training costs.
The Selected Reserve and Guard Montgomery GI Bill (MGIB-SR) provides educational assistance to eligible members of the Selected Reserve, including National Guard members. Similar to the MGIB-AD, the MGIB-SR provides a monthly payment based on the type of education or training a recipient is getting.
Recommended: What Is a Trade School and Is It Right for You?
Other GI Bill Programs
The GI Bill also includes other education programs available to service members both during and after service, as well as their families. These include:
Veterans Readiness and Employment (VR&E)
If you have a disability connected to your military service that limits your ability to work or prevents you from working, the VR&E program can help. This GI Bill program can help you explore employment options and get the education or job training you might need to work. In some cases, your family members may also qualify for certain benefits.
Survivors’ and Dependents’ Educational Assistance (DEA)
The DEA program is for eligible spouses and children of veterans who were disabled, died, went missing in action (MIA), or were held as a prisoner of war (POW) during their service. It provides monthly payment to help cover the cost of education or job training for these family members.
Recommended: Guide to Military Student Loan Forgiveness
GI Bill Eligibility for Veterans
GI Bill veterans’ benefits are generally based on when you served, how long you served on active duty, and other factors. You also have to have been honorably discharged.
Though you may qualify for more than one type of GI Bill educational benefit, you can generally use only one benefit for a period of service; so you may have to decide which one is the best fit for your needs. (You can call the VA at 888-442-4551 if you need help making a choice.) Here are the eligibility requirements for different GI Bill programs.
Post-9/11 GI Bill Eligibility
If you served in the military after Sept. 10, 2001, you may be eligible for Post-9/11 GI Bill benefits. The amount you receive (which could range from 50% to 100% of the full benefit) will be based on how long you served on active duty and other criteria.
To be eligible for Post-9/11 GI Bill Benefits, you must meet one of these qualifications:
• You have served at least 30 days of continuous active-duty service after Sept. 10, 2001, and have been discharged due to a service-connected disability. Or:
• You have served an aggregate of 90 days of active-duty or federal service after Sept. 10, 2001, and received an honorable discharge.
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Montgomery GI Bill Eligibility
You may be eligible for the MGIB-AD if you:
• Served between two and four years after June 30, 1985.
• Have a high school diploma, GED, or 12 hours of college credit.
• Had your military pay reduced by $100 a month for the first 12 months of service.
You can find a full list of eligibility criteria here.
You may be eligible for MGIB-SR benefits if you:
• Agreed to serve for a period after June 30, 1985 (or for some types of training, after Sept. 30, 1990)
And either:
• Agreed to serve six years in the Selected Reserve, or:
• You’re an officer in the Selected Reserve and you agreed to serve six years in addition to your initial service obligation.
You can find a full list of eligibility requirements here.
Benefits Provided
Here’s a breakdown of the benefits offered by the Post-9/11 GI Bill.
Tuition/Fee Coverage
If you’re a veteran who qualifies for full benefits and you attend a public school as a state resident, the Post-9/11 GI Bill will pay all of your tuition and any mandatory fees directly to your school. You also may be eligible to receive the in-state tuition rate for an out-of-state school.
If you choose to attend a private or foreign institution of higher learning, or a qualifying non-college degree program, a predetermined maximum amount (currently up to $27,120.05) will be paid to your school annually. Benefits for flight training and virtual/online schools, which have their own maximums, also may be available.
Monthly Housing Allowance
The Post-9/11 GI Bill also pays a monthly college housing allowance. The program will pay you a percentage of the full monthly housing allowance based on the percentage of Post-9/11 GI Bill benefits you’re eligible for, as well as how many credits you’re taking.
If you are taking 100% of your classes online, you may be eligible for a monthly stipend equal to half of the national average stipend, which is currently $967.40.
Book and Supplies
Under the Post-9/11 GI Bill, you may be able to receive an annual stipend of up to $1,000 per year to pay for books and supplies. This stipend is paid out at the beginning of each term and is based on the percentage of benefits you’re eligible for and the number of courses you’re enrolled in for the year.
Recommended: How to Pay for College Textbooks
Applying for GI Bill Benefits
If you’re a veteran and interested in getting the military to pay for college, you’ll need to apply for GI Bill benefits. Here’s a look at what’s involved.
Required Documents
Some of the information you’ll be asked for when you apply may include:
• Your Social Security number
• Direct deposit bank account information
• Education history
• Military history
• Basic information about the educational institution or training facility you want to attend
Application Process
You can apply for benefits online at the VA’s website. Alternatively, you can apply by mail. Simply call 888-442-4551 to request an application. Once you receive the application and fill it out, you can send it to the VA regional processing office that’s right for you (you can use this online VA locator). You can also apply by visiting your nearest VA regional office.
It takes the VA an average of 30 days to process an application. If the VA determines you are eligible for educational benefits, you’ll receive a Certificate of Eligibility (COE) that you can provide to the school you’ve chosen.
Military Tuition Assistance
The U.S. Department of Defense (DOD) also offers education benefits to current active-duty, National Guard, and Reserve Component service members who wish to pursue post-secondary education in their off-duty time. This is one of the many ways you can save money while serving in the military.
Called the Military Tuition Assistance program, it will pay up to 100% of tuition and course-specific fees, with a limit of $250 per semester credit hour and an annual limit up to $4,500. Degrees and programs of study covered include undergraduate and graduate programs, vocational/technical, distance learning, and independent studies. (Housing, books, and other expenses aren’t covered.) Details are available through each service branch’s website.
State Benefits for Veterans
Many states offer education benefits that veterans can use along with, or as an alternative to, their federal GI Bill benefits. To find out about these benefits — which may include tuition waivers, scholarships, grants, and other programs — you can visit the Department of Veterans Affairs or Department of Education website for your state. Your military branch also may have information about the various benefits available in your state.
Local and regional veterans service organizations also offer scholarship opportunities to qualified candidates. And your employer may provide help with tuition or student loan repayment as part of their veteran financial well-being programs.
The Takeaway
If you’re hoping to further your education when your military service is complete, the GI Bill can help you pay for college, graduate school, and a variety of training and certification programs. Depending on when you served, how long you served, and some other factors, you may receive help paying for a large portion of your education expenses, including tuition and fees, education-related supplies, and housing costs.
Beyond the GI Bill, you also may qualify to receive assistance through state resources, local and regional organizations, your employer, and federal student loans.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
FAQ
Can the GI Bill be transferred to dependents?
If you meet certain service requirements, you may be able to transfer your Post-9/11 GI Bill benefits to an eligible dependent. You can apply for a Transfer of Education Benefits (TEB) through the Department of Defense.
Do GI Bill education benefits expire for veterans?
It depends. If you were discharged from active duty on or after Jan. 1, 2013, your benefits won’t ever expire. But if you were discharged before Jan. 1, 2013, your Post-9/11 GI Bill benefits will expire 15 years after you separate from the military.
Montgomery GI Bill benefits must be used within 10 years after your separation date. After that, you could lose any benefits you haven’t used, although the Department of Veteran Affairs (VA) may grant an extension under certain circumstances.
What education benefits can I get if I’m still in the military?
If you’re still serving in the military, you may be eligible for education benefits through the GI Bill, the Department of Defense’s Military Tuition Assistance, and other programs. You can get information at the Department of Veteran Affairs (VA) website or through your military branch.
Photo credit: iStock/Drazen Zigic
SoFi Private Student Loans Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change.
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Looking for a simple and effective way to save money? The envelope challenge might be just what you need. This popular saving method helps you set aside cash in an organized and manageable way. By using envelopes to allocate funds for different expenses, you can easily track your spending and boost your savings. Start one of these envelope challenges today and take control of your finances.
Why Use a Saving Challenge?
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Saving money can be tough, but using a saving challenge can make it easier and even fun. These challenges give you a clear plan and simple steps to follow, helping you stay motivated and reach your financial goals. Whether you’re saving for a big purchase, building an emergency fund, or just wanting to improve your money habits, a saving challenge can be a great tool. Learn how to start, stay on track, and see real results with a saving challenge that fits your lifestyle.
Various Money Saving Challenge to Try
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Get empowered with these popular money saving challenges. From the envelope challenge to monthly savings, become savvy with your finances.
To learn more: Top 20 Epic Money Saving Challenges Unveiled to Save Money
The 100 Envelope Challenge
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The 100 Envelope Challenge is a fun and creative way to save money. This popular challenge can be adjusted to fit different budgets and financial goals, making saving money easier and more enjoyable.
To learn more: The 100 Envelope Challenge: Easy and Fun Way to Change Your Life!
50 Envelope Challenge to Start Saving
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Looking for a simple way to save? Try the 50 Envelope Challenge and save $1275 using just 50 envelopes. This challenge helps you build savings step by step.
To learn more: 50 Envelope Challenge to Save $1275 and Follow Through!
Build Habits with 200 Envelope Challenge
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Challenge yourself with the 200 Envelope Challenge and see how much you can save in 200 days. It’s a great way to grow your wealth and build strong saving habits.
To learn more: 200 Envelope Challenge – A Spin to Save at Least $5K
Challenge to Save 10k in 100 Days
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The 10k in 100 Days Envelope Challenge is perfect for those looking to save big in a short time. Follow this guide and save $10,000 in just 100 days, setting yourself up for a better financial future.
To learn more: The 10k in 100 Days Envelope Challenge – Save to [Make it Work] for You
Alternative is 52 Week Money Saving Challenge
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Choose from different 52 Week Money Saving Challenges and save $1000, $2000, $5000, or even $10,000. Join the email list for your free printable and start saving today.
To learn more: Your 52 Week Money Saving Challenge + Free Printable
Tight on Funds? Try These Mini Saving Challenges
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Tight on time or money? These mini savings challenges are perfect for you. Use these free printables to include a simple money saving challenge in your budgeting tools and save more money easily.
To learn more: 15 Mini Savings Challenge Printables To Save More Money
Download Your Free Printables
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Download this free printable for the 100 Envelope Challenge and start saving money now. In 100 days, you’ll have saved a total of $5000, making it a great tool for building your savings.
To learn more: [Free Printable] 100 Envelope Challenge: The Best Money Saving Challenge
Most Popular: 100 Envelope Money Challenge
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The 100 Envelope Money Challenge is a favorite way to save money. It’s fun, easy, and can be tailored to your budget. Join many others in reaching your financial goals with this creative and effective challenge.
To learn more: The 100 Envelope Challenge: Easy and Fun Way to Change Your Life!
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Are you looking for the best summer side hustles? There are plenty of ways to make extra money that can fit into your schedule and match your interests. Whether you prefer working outdoors or want to sell handmade crafts, there’s a summer side hustle for everyone. Picking the right one can help you enjoy the…
Are you looking for the best summer side hustles?
There are plenty of ways to make extra money that can fit into your schedule and match your interests.
Whether you prefer working outdoors or want to sell handmade crafts, there’s a summer side hustle for everyone. Picking the right one can help you enjoy the warm summer months and even develop new skills.
Summer side jobs are great because you can work when you want and make extra money while enjoying the summer. They can help you save more money, reach your money goals faster, and even let you try new things you’re interested in.
For me, I have always liked side hustling in the summer. The days are longer, so it feels like I have more time to work on projects!
Best Summer Side Hustles
Below are the best summer side hustles.
1. Blogging
Blogging is a great way to make extra money during the summer. It’s perfect if you enjoy writing and sharing your thoughts.
I actually started this blog as a summer side hustle. I was looking for a way to write in my free time, and it eventually turned into a way for me to make extra income. And, now it’s my full-time job!
You can make money from blogging in several ways. Affiliate marketing is popular. This means promoting products and earning a commission for any sales made through your links. Display ads are another way. These are ads that appear on your blog, and you earn money when visitors click on them.
Though it’s hard work in the beginning, blogging can become a source of semi-passive income. Once you have enough content and visitors, you might earn money even when you’re not actively working on your blog. This means you could enjoy your summer and still see your income grow.
I have free training that you can take – How To Start A Blog FREE Course. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
2. Online surveys
Taking online surveys is one of the easiest summer side hustles online. Many companies want to know what their customers think about their products and are willing to pay for your opinions.
The survey companies I recommend signing up for include:
American Consumer Opinion
Survey Junkie
Prime Opinion
Swagbucks
Branded Surveys
Five Surveys
PrizeRebel
InboxDollars
I’ve done lots of surveys over the years, and what I like about them is that you can do them whenever you want – in the morning, at lunchtime, or before bed. You don’t need to follow a strict schedule, and they’re really simple to complete. This makes them great for a summer side hustle too!
3. Dog walking and pet sitting
Dog walking and pet sitting can be a great way to earn some extra money during the summer. If you love animals and enjoy being outside, this is perfect for you.
Rover is one of the most popular platforms for dog walkers and pet sitters. It’s user-friendly and has a lot of pet owners looking for help. You can set your own rates and schedule, which allows you to work whenever it fits your lifestyle.
Dog walkers typically earn between $15 and $30 an hour. How much you make depends on the number of pets and the length of time. The demand is usually high, especially during summer when pet owners go on vacation.
4. Freelance writing
Freelance writing is a flexible and rewarding summer side hustle. As a freelance writer, you can work for magazines, blogs, websites, and companies. You get to choose who you work with and what you write about, so this is a side hustle that you can easily just do in the summer if that’s the schedule that you are looking for.
One great thing about freelance writing is that you can do it from anywhere. You can work from home, a coffee shop, or even while traveling. All you need is a computer and an internet connection, and this is another reason that makes it easy to fit writing into your summer plans.
The pay for freelance writing can vary a lot. Some writers earn around $50 for a short article, while others can make $1,000 or more for longer pieces. As you gain experience and improve your skills, you can start charging higher rates.
I have been a freelance writer for around 10 years and I think it’s a great side hustle to get into.
5. Virtual assistant
A virtual assistant (VA) is someone who helps business owners with tasks through the internet. This job is great if you want a flexible schedule and the ability to work from home. You can choose who you work for and even set your own hours.
Virtual assistants handle different tasks like managing social media, organizing emails, scheduling appointments, and data entry. The best part is that you don’t need to be in the same location as your clients.
You can start as a virtual assistant on websites like Upwork or Fiverr. These platforms have many job listings for beginners. Rates for VAs usually start at $15 to $20 per hour but can go higher with experience.
Plus, many people look for extra VA help specifically in the summer so that they can focus on other things, such as going on vacation or spending more time with their kids who may be out of school for the season.
6. Tutoring
Tutoring is a great side hustle for summer. With kids out of school, many parents look for tutors to help keep their children learning. You can teach subjects like math, science, English, or even a musical instrument.
Tutoring can be done both in person and online. Online tutoring is very flexible and allows you to work from home. You can choose your hours and offer lessons at times that fit your schedule.
You can use websites like Tutor.com and Wyzant to find tutoring jobs.
7. Handmade crafts selling
Selling handmade crafts can be a fun and profitable summer side hustle.
Platforms like Etsy help you reach buyers from all over the world. Summer craft fairs and festivals are also great places to sell your handmade goods.
Some things you can sell include:
Selling handmade crafts allows you to be creative and make some extra money. Whether online or at local events, there’s always a market for unique, handmade items.
8. Photography
You can get paid to take pictures, even if you just have a smartphone. There are many ways to turn your love of photography into extra income.
One way to make money is by selling your photos on stock photo websites. These sites, like Shutterstock, iStock, and Adobe Stock, let you upload your images and earn money each time someone downloads them.
Another option is taking event photos. Weddings, BBQs, and family reunions are always in need of photographers, and there are typically many events like these during the summer months.
Recommended reading: 18 Ways To Get Paid To Take Pictures
9. Rideshare driving
Rideshare driving can be a great way to make extra money during the summer. Many people use services like Uber and Lyft to get around their town or when they are on vacation.
You get to choose when you work so this means you can fit driving around your schedule. If you have free time in the evenings or weekends, you can make the most of it.
You don’t need any special skills to start. As long as you have a car and a phone, you are almost ready to go. The application process is usually quick too.
Driving in busy areas or during peak times can also help you earn more. Events, weekends, and holidays can be especially busy, meaning more rides and more money for you.
10. House sitting
House sitting is a great way to make extra money over the summer. People tend to go on vacation in the summer and need someone to watch their homes.
You might need to water plants, collect mail, and keep an eye on the house. Sometimes, taking care of pets is also part of the job. Look for house sitting gigs in your local community (you can start by posting in a local Facebook group advertising your service) or try online platforms.
Websites like Rover and TrustedHousesitters can also help you find house sitting jobs. These sites connect homeowners with reliable sitters.
11. Pet grooming
Pet grooming is a great way to earn extra money during the summer. Many pet owners look for convenient and affordable ways to keep their pets looking neat, especially in the summer when it can be so hot.
Mobile pet grooming is especially popular. You can visit pet owners at their homes, and this saves them a trip to the groomer’s and makes your service more attractive.
You can offer services like haircuts, baths, nail trimming, and ear cleaning. Many people are willing to pay well for these services. They love their pets and want them to look their best.
12. Coach
Coaching can be a great way to make extra money during the summer. Do you have a skill or talent that others want to learn?
Summer camps and local community centers sometimes look for temporary coaches. This could be a fun way to spend your summer, and you can make a good amount of money while doing it.
Sometimes, private coaching can be even more profitable. People are willing to pay more for one-on-one lessons. For example, you might charge $30 to $50 per hour.
You can also offer online coaching. This is great if you want to work from home. Websites like Zoom make it easy to connect with students anywhere.
13. Babysitting
Babysitting is a great way to earn some extra cash over the summer. With school out, many parents need help watching their kids. Babysitting is flexible, allowing you to choose your own hours.
To get started, you can talk to families in your neighborhood. Let them know you’re available and you can also post on local Facebook groups or use websites like UrbanSitter.
I do recommend taking a babysitting course, such as one that teaches important skills like first aid and CPR. Knowing these skills can help you feel more confident and assure parents that their kids are in good hands.
14. Deliver groceries
Delivering groceries is one of the best summer side hustles. With services like Instacart, you can shop for and deliver groceries to customers, and it’s easy to start.
You just need a phone and a reliable car. You pick up orders through the app, shop for items, and then deliver them to the customer’s door.
You can choose your own hours. This means you can work whenever you have free time, such as in the summer. It’s perfect if you have a busy schedule or if you want flexible work.
On average, you can make between $11 and $20 per hour. Your earnings depend on factors like order size and tips. The more orders you complete efficiently, the more you can earn.
15. Mow lawns
Mowing lawns is a great way to make money during the summer. Many people need help keeping their yards neat. This means there are plenty of opportunities for you.
You can start by telling your neighbors and friends about the yard work services that you provide. And, of course, you will need equipment like a reliable lawn mower and other necessary tools.
Mowing lawns is great because it can be flexible. You can set your own hours. This makes it easy to fit into your summer schedule.
During the hot months, many people will need regular lawn care. This means you might have steady work all summer long. It’s also a job that doesn’t require a lot of experience.
16. Rent your house
Renting your house can be a great way to earn extra money during the summer. If you have extra space or a vacation home, you can try listing it on rental platforms because many people look for short-term rentals for their vacations.
You can use popular sites like Airbnb or Vrbo to reach a wide audience.
Consider your availability and set clear rules for your guests. You might want to rent your whole house or just a room. Either way, hosting guests can be flexible around your schedule.
I know someone who rents out their house during the summer so that they can travel those months and have money to put toward their trips. Their place always sells out fast, even up to a year in advance! And then for the rest of the year, they live in their house. So, this is definitely something that can be done just in the summer months to make extra money.
17. Clean houses
Cleaning houses is a great summer side hustle. Many people want their homes to be spotless during this time of year. You can provide services like dusting, vacuuming, mopping, and kitchen cleaning.
You don’t need special training to start. Just basic cleaning supplies like brooms, mops, and cleaning products. You can also advertise your services in local community boards or online classifieds.
Sometimes, families prefer a deep clean during summer. This could include windows, carpets, and upholstery. You can charge by the hour or set a flat rate for the whole job.
Working as a house cleaner can be flexible. You set your own hours and can choose how many clients to take on. If you do a good job, you might get regular clients who hire you every summer.
18. Lifeguard
Being a lifeguard is one of the best summer side hustles. If you love being by the water, this job is perfect for you. You get to work at pools, beaches, or water parks.
To become a lifeguard, you need to get certified. This usually involves taking a class where you learn swimming skills and rescue techniques.
Lifeguards have important responsibilities and they have to watch over swimmers and make sure everyone is safe. They also need to be ready to help in case of an emergency.
19. Rent your car
Renting out your car can be a great way to make extra money during the summer if you have a car just sitting around.
There are platforms where you can list your car for rent, such as Turo. This can be especially useful if you’re going on vacation or don’t need your car for a little bit.
Some travelers prefer renting from private owners because it’s often cheaper and more convenient than traditional rental companies. For me, I enjoy renting cars on Turo because I can get the exact car I want, and usually the car is closer to where I need to pick it up, so I waste less time.
20. Have a garage sale
Having a garage sale is a great way to make extra money during the summer. You can sell items you no longer need, like clothes, toys, and old electronics.
Start by going through your home and gathering things you want to sell and cleaning them up if needed (this will help you to get more money).
Next, advertise your garage sale. You can do this by putting up signs around your neighborhood and posting on social media sites like Facebook.
One thing I have noticed more and more people doing is having a community yard sale as well – this is where you may have your friends, family, or neighbors join in on one big yard sale. So, if you don’t have a ton of things to sell, this may be one way to still have a garage sale, declutter, and make some money.
21. Sell stuff
Similar to having a garage sale, you can also try selling stuff online, which is a great way to make some extra money in the summer. Look around your house for items you don’t use anymore. This could be clothes, toys, or old gadgets.
One of the easiest ways to sell your things is through online marketplaces like eBay or Facebook Marketplace.
For years, I had a business where I flipped items for resale. It was an easy way to make extra money!
22. Sports referee
Being a sports referee is a great side hustle for summer. Most games happen in the evenings and on weekends, so it fits well around a regular job.
Youth sports leagues are always looking for referees. You can earn around $25 to $50 per game. Higher levels, like high school or college, pay even more. Some college games can pay up to $150 per game.
To become a referee, check with your local sports departments. You might need some basic training, but it usually isn’t too hard. It’s a fun way to earn extra money and enjoy sports at the same time.
If you know the rules well and enjoy being on the field, this could be the perfect summer side hustle for you.
Frequently Asked Questions
Summer is a great time to explore side hustles that can fit into your schedule. Here, we’ll answer some common questions people have about summer side hustles.
What’s a good summer side hustle?
A good summer side hustle can be anything from freelance writing, dog walking, or being a virtual assistant. Think about what you enjoy doing and what skills you have. Can you write well? Do you love pets? There’s likely a hustle that matches your interests.
How can I make money fast in summer?
There are many ways to make money fast in the summer, such as walking dogs, answering online surveys, selling handmade crafts, hosting a garage sale, babysitting, and renting out your house.
What are the best summer side hustles from home?
The best summer side hustle from home depends on you and what you want to do. For me, my best summer side hustle is definitely blogging, and some other ideas include proofreading, bookkeeping, answering online surveys, and online tutoring.
What are easy summer side hustles for teenagers?
Teenagers can try babysitting, pet sitting, or tutoring for summer side hustles. Babysitting is usually in demand during summer when parents need a break (because kids are out of school!). Pet sitting is a fun way to spend time with animals. Tutoring younger students who need a little extra help over the summer can also be rewarding and well-paid.
What are the best summer side hustles for teachers?
Teachers have skills that can be used in side hustles like tutoring, freelance writing, or creating and selling lesson plans online. You can see a full list at 33 Best Summer Jobs for Teachers To Make Extra Money.
What are the best summer side hustles for college students?
The summer months are typically when a lot of college students try to find ways to make extra money. It makes sense; you may not have classes during the summer, or at least a smaller course load. If this is you and you want to make extra money in the summer, some good ways to make extra cash include freelance writing, working as a virtual assistant, joining a focus group, tutoring, selling handmade crafts, rideshare driving, house sitting, delivering groceries, babysitting, and mowing lawns.
Best Ways To Make Money in the Summer
I hope you enjoyed this article on the best summer side hustles to make extra money.
There are many reasons for why you may be looking for a summer side hustle. Maybe you want to put money toward your summer vacations, perhaps you have some free time in your own schedule, maybe you’re looking for a part-time job just for the summer, or something else.
There are many ways to make extra money in the summer, from in-person side hustles like mowing lawns and having a garage sale, to online side hustles like blogging and proofreading.
What do you think are the best ways to make money in the summer?
If you’re like many Americans, your home is the single most valuable asset in your portfolio. That six-figure investment doesn’t just keep a roof over your head — it can provide a source of wealth and stability for years, and potentially generations, to come.
But sometimes, you need access to that wealth now — preferably in the form of cold, hard cash. And while refinancing can be one way to access your home’s value, you may not want to change your interest rate or other mortgage terms. Fortunately, there are ways to take equity out of your house without refinancing — though many of them do come with their own costs and risks. Below, we’ll dive into all the details so you can make an informed decision.
Can You Pull Equity Out of Your Home Without Refinancing?
The short answer: Yes, there are ways to get equity out of your home without refinancing (though cash-out refinancing is also a way to do so). From home equity loans to a home equity line of credit (HELOC) and reverse mortgages, there are a lot of ways to turn your home’s value into cash money — though they all come with their own pros and cons to consider. Let’s take a closer look.
Ways to Get Equity Out of Your Home Without Refinancing
Here are five ways to get equity out of your home without refinancing.
1. Home Equity Loan
A home equity loan is, as its name suggests, a loan that draws from the value of your home equity — which is the amount of your home’s value that you actually own (i.e., what you have paid back to your mortgage lender). You can take out a home equity loan without refinancing, and if you’ve been building equity for a while, doing so can be a relatively low-cost way to access a large lump sum of money in one fell swoop.
A home equity loan is sometimes known as a “second mortgage,” since it’s secured by the same asset as your original mortgage — your home. And just like your mortgage (and many other types of loans), a home equity loan is usually repaid in regular, fixed installments over a predetermined period of time, or term. This might be 10 or 20 years long.
Of course, home equity loans do come with drawbacks to consider. For one thing, your home will be at risk of foreclosure if you fail to repay the “second” mortgage, just as it is with the first. And although interest rates may be relatively low, closing costs apply, which can amount to thousands of dollars.
2. Home Equity Line of Credit (HELOC)
A home equity line of credit, or HELOC, works in a similar way to a home equity loan — but instead of a lump sum payment, you’ll get access to a flexible line of credit based on your home equity, which you can tap into as needed. You can think of it a little bit like a credit card, except your “credit limit” will be based on the equity you’ve built in your home.
HELOCs may be offered at a fixed or variable interest rate and usually consist of a draw period followed by a repayment period — so you’ll have a certain amount of time to draw from the HELOC and then a certain amount of time to pay it back. Most HELOCs allow borrowers to take out up to 80% or even 85% of their home’s value, minus whatever they owe on their mortgage — in other words, up to 80% of their home equity. Keep in mind that HELOCs may also be subject to origination fees and other upfront costs that can increase their overall expense.
3. Reverse Mortgage
A reverse mortgage is similar to a home equity line of credit. One type, a Home Equity Conversion Mortgage (HECM), is backed by the Federal Housing Administration (FHA) and is specifically for homeowners age 62 and over. Rather than making regular monthly repayments on the loan, the total doesn’t come due until you no longer live in the home.
Since interest and fees are added each month, the loan total goes up over time, while your home equity in turn goes down — and if you (and any coborrowers) die, the reverse mortgage is due immediately. Thus, this option might not be the right choice for those hoping to leave their home to their surviving family members. If the idea of an HECM appeals to you, you can meet with an HECM counselor to learn more.
Home Equity Investment
Otherwise known as Home Equity Agreements (HEAs), a home equity investment allows an investor to essentially buy some of your home’s future equity. This gives you access to cash up front without requiring you to pay back a loan over time — which many would call a win-win situation. Of course, in the long run, if your home appreciates substantially in value, you may end up paying a high rate of return to the investing company — and having less of your home’s value to create long-standing wealth for you and your family. Furthermore, not everyone can qualify for this relatively new financial arrangement.
Personal Loan
You might already know about personal loans — which, yes, can be taken out even by non-homeowners. But if you do own your home, you may be able to put down the deed as collateral, which could reduce the cost of the loan (since a secured loan is less risky to lenders) while also offering you the flexibility to use the borrowed money in just about any way you want.
Pros and Cons of Refinancing to Pull Out Home Equity
Of course, even with all the options described above, refinancing is still an option for those hoping to pull equity out of their homes. Here are some of the drawbacks and benefits of refinancing to pull out home equity, at a glance.
Refinancing Pros
Refinancing Cons
Access to a large lump sum of money
You’ll owe closing costs
Potentially lower interest rate than credit cards or unsecured loans
If the market is less favorable than when you took out your original home loan, your overall interest rate may be higher
Possible tax deductions if you use the money to make eligible home improvements
Your overall owed amount will be higher and unless you choose a very short loan term, you could be paying down the loan for decades to come
When Is It Worth Refinancing?
If your financial situation and market conditions have changed such that you’d likely qualify for a lower overall interest rate and better loan terms, refinancing a mortgage may be worthwhile — and if you need short-term cash, a cash-out refinance might be an option worth considering. That’s especially true if you plan to use the money for home improvements, in which case you may qualify for additional tax deductions.
The Takeaway
While cash-out refinancing offers a readily available way for many homeowners to access their home’s equity value as cash, there are plenty of other options worth considering. A home equity line of credit (HELOC), secured personal loan, and even a reverse mortgage can all help homeowners put some extra money in their pockets — so long as they know the potential drawbacks of each method.
SoFi now offers flexible HELOCs. Our HELOC options allow you to access up to 95% of your home’s value, or $500,000, at competitively low rates. And the application process is quick and convenient.
Unlock your home’s value with a home equity line of credit brokered by SoFi.
FAQ
Is it possible to withdraw home equity without refinancing?
Yes! There are many ways to take equity out of your home without refinancing. Some of the most popular options include home equity loans, home equity lines of credit (HELOCs), and reverse mortgages. It’s important to understand that each of these options comes with its own costs and associated risks, however.
What is the best way to take equity out of your home without refinancing?
There’s no one easy answer to this question, because the “best” way depends on your personal financial situation and how much cash you need access to. That said, Home Equity Lines of Credit (HELOCs) offer unparalleled flexibility when it comes to the amount you withdraw, which could save you from paying back money you didn’t need to borrow in the first place. Personal loans secured with your home’s deed may also be a relatively inexpensive and very flexible option.
Is taking equity out of your house a good idea?
Like any debt, taking equity out of your home could be a good decision or a bad one, depending on what you’re planning to use the funds for and how that action will shape your future finances. For instance, if you plan to use your home equity loan to make home improvements that might increase the property’s value substantially, doing so might be a smart investment. On the other hand, taking out a reverse mortgage — which will decrease your home’s equity over time — to go on a lavish vacation might be less advisable.
Photo credit: iStock/boggy22
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*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
²To obtain a home equity loan, SoFi Bank (NMLS #696891) may assist you obtaining a loan from Spring EQ (NMLS #1464945).
All loan terms, fees, and rates may vary based upon individual financial and personal circumstances and state.
You may discuss with your loan officer whether a SoFi Mortgage or a home equity loan from Spring EQ is appropriate. Please note that the SoFi member discount does not apply to Home Equity Loans or Lines of Credit brokered through SoFi. Terms and conditions will apply. Before you apply for a SoFi Mortgage, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant’s credit, income, property, and loan amount. Minimum loan amount is $75,000. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria.
SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). Equal Housing Lender. SoFi Bank, N.A. is currently NOT able to accept applications for refinance loans in NY.
In the event SoFi serves as broker to Spring EQ for your loan, SoFi will be paid a fee.
Looking for second job ideas to increase your income? You’re not alone. Many people look for side gigs to help pay bills, save for big purchases, or simply have extra spending money. Finding the right second job and making extra income can make a big difference in your financial life. With so many options available,…
Looking for second job ideas to increase your income? You’re not alone. Many people look for side gigs to help pay bills, save for big purchases, or simply have extra spending money.
Finding the right second job and making extra income can make a big difference in your financial life. With so many options available, there’s likely something that fits your skills and schedule. Whether you want a job you can do from home or one that gets you out and about, there’s a side job out there for you.
For me, I was able to find a second job and it completely changed my life. In fact, it’s how I paid off my $40,000 in student loans in just 7 months. Making extra money also helped me to stop living paycheck to paycheck and to save more money!
Best Second Job Ideas
Below are the best second job ideas:
1. Blogger
Blogging used to be my side hustle and it is now my full-time job where I have earned over $5,000,000 over the years.
I started Making Sense of Cents just as a hobby, and it eventually turned into my second job. I didn’t know that blogs could make money or that it could become my full-time job. I didn’t even understand what a blog was or how it worked.
Starting a blog can be a great way to earn extra income. You can write about topics you are passionate about, such as travel, food, or personal finance. The best part is that you have the freedom to work on your blog whenever you have free time.
For me, it was a great second job because I could work on my blog before I went to my day job, during my lunch break, after I got home from work, and on the weekends. You get to make your own schedule, so that is a huge plus!
You can learn more about how to begin in my free How To Start a Blog Course here.
Here’s a quick outline of what you will learn:
Day 1: Reasons you should start a blog
Day 2: How to choose what to blog about
Day 3: How to create your blog (you’ll learn how to start a blog on WordPress)
Day 4: How to make money blogging
Day 5: My tips for making passive income from blogging
Day 6: How to grow your traffic and followers
Day 7: Extra blogging tips to help you be successful
2. Proofreader
Being a proofreader is a great second job idea. It’s perfect if you love reading and have a good eye for catching mistakes. You get to find errors in spelling, grammar, and punctuation.
You can work from home as a proofreader. Many companies and websites offer remote proofreading jobs. Some popular platforms include Upwork, FlexJobs, and Scribendi.
You might proofread books, articles, or even student papers. The work can be flexible, letting you choose when to work. This makes it easy to fit into a busy schedule.
Proofreaders can earn a decent amount of money. Some jobs pay by the hour, while others pay by the project. According to some sources, full-time proofreaders can make around $50,000 per year. Even if you don’t work full-time, you can still make a good side income.
I personally have a proofreader for my blog, and I know many others who have proofreaders for their businesses as well. It’s a very much-needed and in-demand job.
You can learn more at How To Start A Proofreading Business And Make $4,000+ Monthly.
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This free training teaches you how to start a proofreading side hustle (and how to earn $1,000+ per month!), even if you are brand new and don’t have any previous proofreading experience.
3. Take online surveys
Taking online surveys can be a simple way to earn extra money in your spare time. Companies want to know what you think about their products, services, or marketing campaigns.
Many websites offer paid surveys. You can sign up for these sites and start taking surveys right away. Each survey usually takes a few minutes to complete.
You might earn anywhere from $0.50 to $5 per survey, depending on the length and complexity.
The survey companies I recommend signing up for include:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Prime Opinion
Five Surveys
PrizeRebel
Pinecone Research
Online surveys can be done from anywhere with an internet connection, making it easy to fit around your other commitments. Just remember, while this can add up over time, you will not make a full-time income from just taking surveys.
I have taken many, many surveys over the years, and what I like about them is that you can do them on your own schedule – in the mornings, during your lunch break, before you go to bed – whenever. There is no strict schedule and they are super easy to do.
4. Dog walker or pet sitter
Becoming a dog walker or pet sitter is a great way to make extra money. You can set your own schedule and enjoy spending time with furry friends. Plus, many people need reliable pet care (I have personally found it hard to find a good dog sitter in the past, so I personally know that there is a lot of demand for this second job!), so there are plenty of opportunities.
Using dog walking apps like Rover, you can easily find clients. These platforms connect you with pet owners in your area. Depending on how much time you invest, you could potentially earn between $400 and $1,000 a month.
When I have had dog sitters in the past, I was paying around $100 a day for my two dogs to be watched in the person’s home. So, a 10-day trip earned the person $1,000.
Taking care of animals can also be very rewarding. You get to exercise while walking dogs and enjoy the company of pets. It’s a job that keeps you active and can be a lot of fun if you love animals.
No special skills are needed, but being responsible and loving pets is important. You must be punctual and trustworthy since pet owners rely on you to take care of their animals.
My mother-in-law as well as my sister are both dog walkers and pet sitters and enjoy what they do.
5. Virtual assistant
Being a virtual assistant is a great second job idea. You can help businesses and professionals with tasks like managing emails, scheduling appointments, and handling social media. This role tends to have flexible hours, making it easier to fit into your schedule.
One of my first side jobs was working as a virtual assistant. It was a fun and flexible way to earn extra money. There are many kinds of virtual assistant jobs. The money I made helped me pay off my student loans quickly, stop living paycheck to paycheck, and become my own boss. I think it’s a great way to make money, whether you want a part-time or full-time job.
Starting as a virtual assistant can be easy. Websites like Upwork, FlexJobs, and Indeed have listings for virtual assistant jobs. You just have to set up a profile and start applying. For me, I also let my friends and those in my industry know that I was growing my virtual assistant business, and that helped me find jobs as well.
A virtual assistant’s tasks can include:
Managing social media accounts
Scheduling travel and appointments
Managing email inboxes
Organizing events
Communicating with clients
Ordering supplies
Managing calendars
Handling logistics
Coordinating Zoom calls
Moderating online forums
Running personal errands
Answering customer service questions
Performing data entry
Managing websites
Creating presentations
Sending invoices
Now, one virtual assistant most likely won’t do all of these tasks – it simply depends on what the company or person is looking for.
Learn more at Best Ways To Find Virtual Assistant Jobs.
6. Graphic designer
You can make extra money as a graphic designer, and this can be a good second job idea if you want to work from home. A graphic designer is what you think – they design different kinds of graphics.
One way is to create design templates. These can be for websites, social media, or even printable designs. You can sell these templates online and get paid each time someone buys them.
Another option is freelance work. You can sell services like logo design, branding, or social media graphics, and you can find clients on sites like Upwork or Fiverr.
7. Social media manager
Social media managers handle different social media platforms for businesses.
Your job can include creating content, posting updates, and responding to followers. You might also need to analyze data to see what posts are doing well and which ones are not.
They work for one company or multiple clients. It’s important to have good communication skills and a creative mindset. Some social media managers also do graphic design or video editing for their social media posts.
Being a social media manager can be fun and flexible. You can usually work from home and set your own hours. This control and flexibility make it an excellent job for people looking to earn extra income on their own terms.
For me, I have been a social media manager in the past as a second job. It was great as a flexible side hustle!
8. Online tutor
If you enjoy teaching and have a strong understanding of a subject, you can try finding online tutoring jobs. Online tutoring lets you share your skills and help students from anywhere, and you can tutor kids in math, science, and reading, or even help them prepare for tests like the SAT or ACT.
Platforms like Wyzant and Tutor.com connect you with students looking for help. You create a profile, list your skills, and set your rates. Most tutors charge between $30 and $60 per hour. Teaching English as a second language is also a popular option. Many companies need English tutors to teach students abroad.
Online tutoring is flexible because you can choose your own hours and work from home. This makes it easy to fit around your teaching job or other responsibilities. Some tutors even make up to $1000 a week by dedicating just a few hours each day.
9. Bookkeeper
Becoming a bookkeeper is a great second job, and it can typically be done from home.
Bookkeepers keep track of financial records for businesses. This could include recording transactions, managing payroll, and preparing financial reports.
You don’t need a special certification to become a bookkeeper, making it easier to start.
The best part is that you can do this job from anywhere with just a laptop and some software. This flexibility means you can work from home or even when you’re traveling.
Since bookkeeping services are always in demand, you can find clients easily. This can be a very profitable side hustle. Some bookkeepers even charge $60 an hour or more.
Learn more at How To Find Online Bookkeeping Jobs.
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This free training will teach you what you need to know to become a virtual bookkeeper and make money from home.
10. Freelance writer
Working as a freelance writer is a great way to make extra money.
Freelance writers are self-employed and work for magazines, blogs, websites, companies, and more. A lot of what you read online today is written by a freelance writer.
I have been a freelance writer for many years, and I really enjoy it. I have written for many different websites and companies, and I make good money doing so.
You can write from home, at your own pace, and choose projects that interest you. Many companies need blog posts, articles, web content, and social media posts.
11. Photography
Getting paid to take pictures is a popular second job idea.
What’s great is that there are many ways to get paid for photography, such as:
Stock photos – Stock image websites are popular places for photographers to sell their pictures. These sites let customers buy royalty-free photos for personal or business use. Websites, TV shows, books, social media accounts, and more use stock photos all the time. Some popular stock photo websites are Shutterstock, iStock by Getty Images, Adobe Stock, and Dreamstime.
Portraits and event photos – As a photographer, you can focus on taking portraits and event photos. This area is in high demand, especially for weddings, elopements, birthdays, and corporate events.
Post pictures on Instagram or Facebook – Social media platforms like Instagram are great for sharing your pictures and gaining followers. Many people make a full-time income from their Instagram accounts. They do this through sponsored partnerships with companies, affiliate marketing, and selling their own products.
12. Personal trainer
Becoming a personal trainer is a great second job idea. You can help people get in shape while earning extra money.
You can work at a gym or do private sessions at clients’ homes. Some trainers also provide online coaching, which gives you more flexibility.
Personal trainers sometimes create workout plans tailored to each client’s needs. They might also give advice on nutrition, and this way, they can help clients with both exercise and diet for better results.
Personal training can be done part-time, which makes it a good fit if you have another job. Many people want training in the mornings, evenings, or weekends.
13. Etsy seller
Starting an Etsy shop can be a fun and rewarding second job. If you enjoy crafting or creating handmade items, this might be perfect for you. Etsy is a popular online marketplace where you can sell unique products.
There are many things you can sell on Etsy, such as:
Etsy can be a great way to turn your hobbies into extra income.
You can learn more at How To Sell On Etsy Successfully: A Beginner’s Guide.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
14. Babysitter
Babysitting is a great way to earn extra money. You can choose your own hours, making it easy to fit it around your main job or school.
Parents always need trustworthy people to watch their kids, and they might need help for an evening out or during the day if they work long hours.
As a babysitter, you can earn around $15 to $25+ per hour, depending on your experience and location. Some families might even pay more if you have special skills, like CPR training or if you are watching multiple children.
You can find babysitting jobs through local community boards, babysitting apps, or word of mouth. Sometimes, friends or family might also need help.
15. Delivery driver
A delivery driver job is one of the most popular side hustle ideas. You don’t need a lot of experience to get started, and all you need is a vehicle and a driver’s license. Many services, like DoorDash, Uber Eats, and Instacart, let you choose your own hours. This flexibility is perfect if you have a busy schedule.
You can deliver different items depending on the service you work for. Some companies focus on food delivery, while others may deliver groceries or packages.
The pay can vary based on where you live and how much you work. Some drivers make around $15 to $25 per hour including tips.
16. Bartender
Bartending is a flexible and fun second job. You can work at bars, restaurants, or special events like weddings.
Some bartender jobs don’t require a lot of experience. You usually have to start as a barback, helping with stocking and cleaning, then learn to make drinks. Then, you may be able to move up and find a part-time job as a bartender.
17. Transcriptionist
Being a transcriptionist can be a great second job. Transcriptionists listen to audio recordings and type out what they hear. It’s a simple job and doesn’t require a lot of training.
You can do this job from home and all you need is a computer and good internet. This makes it a flexible option where you can work on transcriptions during your free time or on weekends.
There are usually some requirements. Many places want you to type fast and accurately. For others, you might need to pass a background check or transcription tests.
You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
18. Rent your extra space
Do you have an extra room, basement, or garage? Renting out your extra space can be a great way to earn some extra cash each month passively.
You can list your spare room on websites like Airbnb or Vrbo if it’s a room or apartment.
If you have a garage or storage space, you can rent it out for storage. Websites like Neighbor allow people to find storage options nearby.
Before you start, check local laws and regulations. Some areas have rules about renting out space, so it’s important to be informed.
19. Handyperson
Being a handyperson can be a great way to make extra money. You can help people fix things around their homes, such as fixing leaky faucets, repairing doors, or assembling furniture.
You don’t need fancy tools for many jobs, just a good set of basic tools.
Many people need small repairs done but don’t have the skills or time. That’s where you come in. You can find clients through local ads, word of mouth, or online platforms like Taskrabbit.
Working as a handyperson has flexibility too and you can choose jobs that fit your schedule.
20. Rideshare driver
Apps like Uber and Lyft allow you to drive people around and get paid for it.
One of the best parts about driving for rideshare apps is the flexibility. You can set your own hours and work whenever you want.
Most rideshare companies have an easy sign-up process. They usually require a background check, a valid driver’s license, and a car that meets their standards. Once approved, you can start accepting rides and earning money.
The earnings vary depending on your location, the time of day, and how many hours you drive. Some drivers make a nice side income by working during peak hours when rates are higher.
21. Restaurant server
Being a restaurant server can be a great way to earn extra money and is popular for evening second jobs. Many restaurants have flexible hours, which is perfect if you need to juggle another job or school.
Servers often get tips, so your income can vary day to day. Some nights are busier and can bring in more money.
22. Clean houses
Cleaning houses is a good way to earn extra money with a second job. You can work on the weekends or after your regular job.
Plus, you can choose your clients and set your own hours.
To get started, all you need are basic cleaning supplies. You can sell your services to friends and family first. Word-of-mouth is powerful, and you might get more clients through recommendations.
23. Write book reviews
If you enjoy reading and sharing your thoughts about books, you can earn money by writing book reviews. Authors and publishers value your honest opinions because they help other readers decide what to read next. Readers also enjoy reading these reviews, making it helpful for everyone involved.
Here are some websites where you can earn money by writing book reviews:
OnlineBookClub.org – They provide free books at first. After your first review, you can earn cash for each review you write, typically between $5 and $60.
Kirkus Media – They look for reviewers for both English and Spanish books, especially for the Kirkus Indie section. Reviews are around 350 words and due two weeks after the book assignment. They cover all genres, with over 10,000 books reviewed annually.
Upwork – Create a profile and set yourself up as a book reviewer. This freelance platform allows you to set your own rates, with book reviewing rates ranging from $15 to $75 per hour.
The US Review of Books – They hire freelance writers for 250- to 300-word reviews that go beyond summary to provide insights into the book. Applicants need to submit a resume, writing samples, and references.
Reedsy Discovery – Review books before they are published and earn through tips from readers, typically ranging from $1 to $5 per review. It’s a way to influence which books gain popularity early on.
Other opportunities – Websites like Booklist (pays $15 per review, focused on short reviews for libraries), BookBrowse, Women’s Review of Books, and Publishers Weekly also pay for book reviews and are actively looking for new reviewers.
You can learn more at 16 Best Ways To Get Paid To Read Books.
24. Mow lawns
Mowing lawns can be a great second job. It’s simple, flexible, and very profitable.
You can start with not a lot of money too. For example, if you already have a lawn mower, you’re ready to go, and you can start by seeing if anyone in your neighborhood needs their lawn mowed.
Pricing your services depends on the size of the lawn and the complexity of the job. Some lawns might be easy and quick, others might take more time. Many people charge between $40 and $50+ per lawn.
Frequently Asked Questions
When looking for second job ideas, it’s important to find something that fits your schedule and goals. Here are answers to some common questions about picking the best side gig and managing two jobs.
What is the best 2nd job to have?
The best second job depends on your interests and skills. Some popular side hustle ideas include blogging, proofreading, taking online surveys, dog walking or pet sitting, and being a virtual assistant. These jobs have flexibility and can often be done from home.
What are some good jobs I can do at night after my day job?
Jobs you can do at night include customer service representative, security guard, bartender, or freelance work like writing and graphic design. These jobs usually have evening shifts or can be done remotely, fitting in well with a daytime schedule.
What are some good second jobs at night from home?
If you want to learn how to make extra income while working full-time, then my favorite way is to find good second jobs that you can work at night from home. This way, you don’t have a commute and it won’t interfere with your day job. Some good evening jobs from home include blogging, taking surveys, proofreading, bookkeeping, writing book reviews, and transcribing.
How can I make an extra $1000 a month?
To make an extra $1000 a month, you may want to try freelance writing, virtual assistant work, or becoming a part-time tutor. These jobs can pay well and offer flexible hours, allowing you to work around your primary job.
How can I make an extra $2000 a month?
Earning an extra $2000 a month may require a higher-paying side gig. Options include freelance web development, consulting, or starting a small business like dropshipping. These jobs can have higher earnings but may require more specialized skills or time investment.
How to get a second job with a 9-5?
You can get a second job with a nine-to-five by looking for evening or weekend positions and looking for jobs with flexible hours such as bartending, retail cashier, or working as a rideshare driver. Online jobs like tutoring or freelancing can also have nice flexibility to work after your main job.
What is the highest paying side hustle?
The highest-paying side hustles can include freelancing in tech fields like software development, graphic design, or consulting. Real estate investment, if you have the money to start investing, can also be very high paying.
Do you get taxed more if you have two jobs?
Having two jobs can put you in a higher tax bracket, meaning you might pay more in taxes. It’s important to understand how this affects your overall earnings. I recommend talking with a tax professional to talk about your tax situation and to make sure that you aren’t overpaying (or underpaying!).
How will my employer know if I have a second job?
Your employer may know if you have a second job if it affects your primary job performance or if you disclose it. Some employers also run social media checks to see if they can learn anything about you that may hurt their business. You may want to check your employment contract if you are worried, as some employers may have clauses about working multiple jobs.
Is having two jobs worth it?
Having two jobs can be worth it if you need extra income for savings, paying off debt, or reaching financial goals. It requires good time management and can be tiring, but many find the financial benefits to be rewarding. For me, I found having more than one job well worth it because it allowed me to pay off my student loan debt quickly, save more money, and pursue my passions.
Second Job Ideas – Summary
I hope you enjoyed this article on the best second job ideas.
As you can see, there are many popular second job ideas that may interest you. From online jobs like blogging, proofreading, and bookkeeping to in-person jobs like personal training, delivery, restaurant jobs, and more, there are many ways to make extra money so that you can reach your goals.
If you need a second job while working full-time, you are not alone. Many people are in your shoes. I recommend finding something that best fits your schedule and is at least somewhat flexible so that you aren’t making yourself too tired.
For me, I have had many side jobs. One thing that has always helped me is to make sure that it would fit with my day job and be flexible – because my day job did come first. Plus, I didn’t want to waste more time than I would need to by commuting back and forth or doing things that weren’t needed.
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Home design trends in any year contradict themselves. For 2023, designers said it was the year of organic materials and muted greens, while other designers were painting walls black for dark academia bedrooms—complete with crows. Trends come and go, but we can use them to inspire ourselves and create our idea of a happy place. No matter how different we all may be, there’s a design trend for each of us—even if it includes crows.
When home decorating, the goal is to find colors and elements that you like and that support the look you want to achieve, and then give them a try. The trick comes in finding a way to try 2024 trends without making major changes that you’re not ready to live with for the long haul. From the many, many trend lists we’ve looked at this year, we’ve chosen styles and elements that run the gamut from bold to understated, and modern to traditional. Whether you’re a moody crow lover or a modern farmhouse diehard, you’ll find something in this year’s trends to up-level your look.
1. Quiet Luxury
Designer: ANA Interiors. Photographer: Ana Cummings
If you’ve scrolled your feeds looking for home design ideas recently, you’ve seen #quietluxury trending. This understated approach to posh emphasizes quality and craftsmanship over flash and bling. Paring down decor, keeping clutter at a minimum, confining colors to muted neutrals, and adding quiet luxury ingredients are meant to inspire calm. The centerpiece of a quiet luxury living space is the cloud couch, a white sofa with a puffy seat and back pillows stuffed with goose down.
“Quiet luxury is here to stay,” says Morgan Olsen, Thumbtack’s home and design expert. “Homeowners are done with loud luxury trendy pieces and are being very intentional with their spending. 2024 will be about craftsmanship over big brands and labels, as homeowners look for reclaimed materials and quality furniture.”
That means buying pieces that last decades rather than the 3 or 4 years of mass-produced furniture. “But who said you have to get the cloud couch?” asks Olsen. Instead, find secondhand furniture by quality makers and reupholster it. Or pare down your wall art and knickknacks, then add goose-down throw pillows and a luxurious throw like this State Cashmere Striped Throw Blanket to your existing neutral sofa.
2. Healthy Habits
Designer: Kelley Design Group.
Builder: CKN Capital Group.
Photographer: Cate Black Photography
Bringing wellness closer to home is no longer a luxury but an essential for many people, especially for exercise and spa experiences. “Homeowners will continue to turn their homes into wellness retreats, prioritizing features that have health benefits,” says Olsen.
According to the 2024 Houzz U.S. Emerging Summer Trends Report, with cold plunge pool, indoor sauna, and backyard sauna all rising in search frequency in the first quarter of the year, compared with Q1 2023. At-home exercise has evolved from a stationary bicycle, with searches for bocce court, bowling alley, and game room all higher than last year. Mentions of pickleball courts on Zillow are up 64 percent over last year. People are looking for homes with private courts and nearby public courts. Pickleball in the driveway, anyone?
In addition to saunas, Amanda Pendleton, Zillow home trends expert, lists spa bathrooms and red-light therapy rooms among the features home buyers are using to complement wellness routines. While replacing a bathtub with a walk-in spa shower is a trend for remodeling projects, you can spend far less and create a spa bath at home with simple switches. Create a relaxing atmosphere by focusing on all five senses. Replace the counter clutter with a flower arrangement or basket of fluffy towels. Choose soft textures in muted colors and a comfy bath pillow, like this Luxurious Cork Bath Pillow by LIVTUUshop at Etsy. Add the soothing scent of essential oils and a source of meditative sound. Don’t forget a glass of cucumber water.
3. Hidden Spaces
Courtesy of Ruhl | Jahnes Architects.
Photographer: Nat Rea
Nothing beats a cozy reading nook, according to the 2024 Houzz U.S. Emerging Summer Trends Report. Searches for library walls, reading corners, and book nooks have all gone up this year. Secret spaces have long been a favorite for people who enjoy a bit of whimsy at home, along with out-of-sight storage. The Houzz Emerging Winter Trends Report, released at the end of 2023, shows that cloaked additions are gaining popularity. Searches for trapdoors are up by 350 percent, and searches for kitchens with hidden pantries rose by 250 percent. Say goodbye to the wet bar in the living room and hello to a secret speakeasy bar and lounge, or a wine bar and cellar under the stairs, both searched more often in 2023.
If you’re not ready to tear down any walls or excavate the closet under the stairs, create nooks and hidden spaces with a few easy changes. Give more privacy to a window seat by hanging curtains outside the front of the seat rather than against the window. Hide the entrance to a closet with this Door Mural of Antique Bookshelves by Recallart at Etsy. In the kitchen, create a secret pantry by adding vertical wood panels on and around the pantry door. For renters, this Abyssaly Wood Slat Peel-and-Stick Wallpaper at Amazon is removable; homeowners who want a more permanent solution without the hassle of cutting wood can try the Set of 4 PVC Wall Paneling pieces at Wayfair that mount with adhesive.
4. Blues and Greens
Courtesy of Brittany Lyons Interiors.
Photographer: Mike Healey Photography
Green is the most popular color this year for home design. No, wait, it’s blue. Blue is the most popular color this year for interiors. Designers differ on this one, but most agree that shades of blue and green are taking center stage in the home. Mitchell Parker, senior editor at Houzz, says blue provides a calming influence.
Sage and gray-green also are on the rise, according to the Houzz winter report. A barely-there sage functions as a neutral on kitchen cabinets, and a darker gray-green provides contrast to warm neutrals. In true blue fashion, however, several paint companies have chosen a shade of blue as their 2024 color of the year.
Add contrast to neutral furniture and flooring with blue or green items you already own, gathering throw pillows and blankets, table runners, vases, decorative containers, and framed prints from other rooms. Add a blue or green ribbon trim to curtains or the base of a fabric sofa without a sewing machine by using HeatnBond Hem Iron-On Adhesive at Amazon; seal the trim with a flat iron (used for hair styling) in places you can’t fit onto an ironing board. For a classic look, we like this M&J Trimming Greek Key Fabric Ribbon in denim blue and sage options.
5. The Return of Creams
Courtesy of kate roos design.
Photography: Andrea Rugg Photography Andrea Rugg Photography
While many new homes are still coated in gray from floor to ceiling, the trend is moving away from this cool palette and back to warmer colors like cream, tan, and brown. Stark white walls are too harsh for this year’s earthy color schemes. Parker says beiges, creamy off-whites, and rich browns are the focus for a warm, welcoming space.
If you like the look of an all-neutral, off-white room, add textures and patterns, as well as a variety of tones, to create a more layered look, says Parker. The Graham Leather/Suede Lumbar Rectangular Pillow Cover and Insert at Wayfair has a removable cover to swap for a machine-washable option when needed. Swapping accessories has a big impact, especially if you clear the clutter first. We like this Handmade Wood Table Vase, an organic take on the popular ceramic styles, and the Magalia Wood Tray that brings both functionality and latticework texture.
6. Whole Wall Art
Photo: iStock
If you want an abundance of colorful expression in your home design, those cream walls act as a blank canvas perfect for art and pattern. Bold floral wallpaper or a hand-painted mural are both big this year. Zillow’s 2024 home trend report shows that many homeowners are into eclectic, maximalist interiors. Murals in homes for sale are showing up 18 percent more often than last year. The good news is you can learn how to paint a mural even if you’re not an artist, with a bit of painter’s tape and imagination.
Wallpaper also comes in mural patterns, including the peel-and-stick variety beloved by renters and frequent redecorators everywhere. Modern botanicals, landscape vistas, and stripes are trending patterns this year. Guest baths are often the place to start, since the design will make a big impact in a small space without costing a lot of time or money. Murals like this Chinoiserie Watercolor Peacock Wallpaper by FabbWallDecor, can be subtle while bringing interest to a neutral palette. Or make a big impact with this Removable Abstract Wall Art Wallpaper by ONDECORstore, both at Etsy.
7. Handmade Touches
Photo: Zillow
This year, embrace handmade pieces that show the inevitable imperfections of craft. Artisans are impacting today’s trends with handmade tiles, hand-thrown serving dishes, and hand-painted murals. Pendleton points to Murano glass chandeliers as an example of the handmade and bespoke features popping up in today’s homes. The colorful light fixtures are featured 58 percent more often in searches on Zillow, despite the sometimes hefty price tag. If this Ares Murano Glass Chandelier at $1,675 is out of budget, support an Etsy artist with this Handmade Dusty Pink Peony Pendant by FloralsBySERRO.
Handmade items make your home unique and add a personalized touch to any room. The 2023 Houzz U.S. Bathroom Trends report showed that 62 percent of renovating homeowners are choosing a custom or semi-custom vanity. Repurpose a piece of vintage furniture and make your own vanity, or add painted details to an existing model.
8. Brutalism
Photo: Zillow
Even if industrial design isn’t your style, the return of brutalism can be a welcome change in today’s homes. Brutalist design uses materials like raw concrete, brick, steel, and bronze. You’ll see organic shapes with raw edges and unpolished surfaces, as well as a streamlined design for functionality. Pendleton says Zillow has seen a 452 percent increase in the number of homes for sale that mention brutalist design.
“The return of brutalism is the most surprising rising trend of 2024, particularly after the hygge movement where homeowners embraced cozy comfort over hard surfaces,” she says. “The hallmarks of brutalist design—raw, organic, and unfinished materials—are already showing up in furnishings, lighting, and accessories. When juxtaposed with overstuffed sofas, curved armchairs, and plush high-pile rugs, brutalist architectural elements can add visual interest and much-needed contrast to a space,” says Pendleton.
Some trends stick around for years. Most people are hanging onto their outdoor kitchens and fire pits. Others come and go, like inflatable furniture. No one is missing that squeaky stuff. As interior design trends have bent back toward the traditional and eclectic, designers are emphasizing a focus on timeless style that doesn’t look dated from year to year.
Parker says modern homes are showing brick, clay tiles, rustic wood, and other materials that signify a legacy rather than a fad. To get a timeless look that works for your space, create meaning through your belongings. A quality collection of original artwork from your travels will never go out of style, nor will vintage area rugs. Antiques are a good bet too because they add contrast to modern accessories.
White bedding, pleated curtains, and anything with stripes serve as foundational textiles you can build upon as trends change. Truly timeless style is about quality and meaning, so make space in your home for what matters most.
Mortgage rates were mostly higher versus last week, according to rate data collected by Bankrate. Average rates for 30-year fixed, 15-year fixed and jumbo mortgages moved higher, while 5/1 ARM rates decreased.
Inflation has cooled somewhat, but homebuyers are still feeling crunched by high prices and rates. At the close of the Fed meeting on June 12, policymakers chose to hold rates at current levels.. The next Fed meeting concludes July 31.
“With [the June 12] announcement, the Fed confirms its higher-for-longer position on interest rates,” says Dr. Selma Hepp, chief economist at CoreLogic. “But the stance is looking more untenable as more American households continue to pull back on spending. As more economic indicators begin to confirm this and unemployment begins to rise, the Fed will then look to cut rates. What’s not clear yet is when exactly the disinflation signs will be consistent enough for the first rate cut — we hope it’s still this year.”
Often, though, the decision to buy a home isn’t based on what’s happening in the economy — it’s more personal. Depending on your situation, it might make sense to take a higher rate now and refinance later. This way you can start building equity, rather than hoping for a future of more favorable rates and home prices that might not materialize.
Rates last updated July 5, 2024.
The rates listed above are Bankrate’s overnight average rates and are based on the assumptions indicated here. Actual rates displayed within the site may vary. This story has been reviewed by Suzanne De Vita. All rate data accurate as of Friday, July 5th, 2024 at 7:30 a.m. ET.
Today’s 30-year mortgage rate goes up, +0.08%
The average rate for a 30-year fixed mortgage for today is 7.08 percent, an increase of 8 basis points over the last seven days. Last month on the 5th, the average rate on a 30-year fixed mortgage was lower, at 7.05 percent.
At the current average rate, you’ll pay $670.68 per month in principal and interest for every $100,000 you borrow. That’s up $5.38 from what it would have been last week.
The 30-year mortgage is the most popular home loan, and it has a number of advantages. Among them:
Lower monthly payment: Compared to a shorter term, such as 15 years, the 30-year mortgage offers lower, more affordable payments spread over time.
Stability: With a 30-year fixed mortgage, you lock in a set principal and interest payment, making it easier to plan your housing expenses for the long term. Remember: Your monthly housing payment can still change if your homeowners insurance premiums and property taxes go up or, less likely, down.
Buying power: With lower payments, you might qualify for a larger loan amountor a more expensive home.
Flexibility: Lower monthly payments can free up some of your monthly budget for other goals, like building an emergency fund, contributing to retirement or college tuition, or saving for home repairs and maintenance.
Learn more: What is a fixed-rate mortgage and how does it work?
15-year mortgage rate moves up, +0.06%
The average rate for the benchmark 15-year fixed mortgage is 6.53 percent, up 6 basis points over the last seven days.
Monthly payments on a 15-year fixed mortgage at that rate will cost roughly $873 per $100,000 borrowed. That may squeeze your monthly budget than a 30-year mortgage would, but it comes with some big advantages: You’ll save thousands of dollars over the life of the loan in total interest paid and build equity much faster.
5/1 ARM moves down, -0.07%
The average rate on a 5/1 adjustable rate mortgage is 6.52 percent, falling 7 basis points from a week ago.
Adjustable-rate mortgages, or ARMs, are mortgage terms that come with a floating interest rate. To put it another way, the interest rate will change at regular intervals, unlike fixed-rate mortgages. These loan types are best for those who expect to sell or refinance before the first or second adjustment. Rates could be materially higher when the loan first adjusts, and thereafter.
While borrowers shunned ARMs during the pandemic days of super-low rates, this type of loan has made a comeback as mortgage rates have risen.
Monthly payments on a 5/1 ARM at 6.52 percent would cost about $633 for each $100,000 borrowed over the initial five years, but could ratchet higher by hundreds of dollars afterward, depending on the loan’s terms.
Current jumbo mortgage rate moves upward, +0.04%
Today’s average rate for jumbo mortgages is 7.14 percent, an increase of 4 basis points over the last week. Last month on the 5th, the average rate on a jumbo mortgage was higher at 7.16 percent.
At the current average rate, you’ll pay a combined $674.73 per month in principal and interest for every $100,000 you borrow. That’s an additional $2.70 per $100,000 compared to last week.
Mortgage refinance rates
Current 30 year mortgage refinance rate climbs, +0.12%
The average 30-year fixed-refinance rate is 7.11 percent, up 12 basis points compared with a week ago. A month ago, the average rate on a 30-year fixed refinance was lower at 7.08 percent.
At the current average rate, you’ll pay $672.71 per month in principal and interest for every $100,000 you borrow. That’s up $8.08 from what it would have been last week.
Where are mortgage rates going?
The rates on 30-year mortgages mostly mirror the 10-year Treasury yield, which changes with the market. The yield curve is a tool used by investors to predict where interest rates could be headed.
“The yield curve remains inverted — no surprise here,” says Ken Johnson of Florida Atlantic University. “Until the yield curve reverts to its normal upward slope, we will not see significant downward pressure on mortgage rates.”
Besides bond yields, the Federal Reserve’s key benchmark rate also has an impact. The Fed has held this rate at a 23-year high since July 2023.
If and when the Fed cuts interest rates depends on evolving economic data, such as inflation and the jobs market. While inflation has dropped from its height in 2022, it’s still well above the Fed’s target rate of 2 percent. Unemployment is still low, though in May it hit 4 percent for the first time since 2022.
“Much like that flight where departure keeps getting delayed 15 minutes at a time with no end in sight, the timetable for when the Fed begins to cut rates is equally uncertain,” says Greg McBride, CFA, Bankrate’s chief financial analyst.
While the Fed bases its decisions on rate changes due to broader economic factors, your rate is also affected by personal finances. Depending on your credit score, down payment, debts and income, you could be quoted a rate that’s higher or lower than the trend.
What current rates mean for you and your mortgage
Mortgage rates fluctuate daily, but it appears that, for now, they will remain above the historical lows of recent years. If you’re shopping for a mortgage, it might be wise to lock your rate when you find an affordable loan. If your house-hunt is taking longer than anticipated, revisit your budget so you’ll know exactly how much house you can afford at prevailing market rates.
Keep in mind: You could save thousands over the life of your mortgage by getting at least three loan offers, according to Freddie Mac research. You don’t have to stick with your bank or credit union, either. There are many types of mortgage lenders, including online-only and local, smaller shops.
“All too often, some [homebuyers] take the path of least resistance when seeking a mortgage, in part because the process of buying a home can be stressful, complicated and time-consuming,” says Mark Hamrick, senior economic analyst for Bankrate. “But when we’re talking about the potential of saving a lot of money, seeking the best deal on a mortgage has an excellent return on investment. Why leave that money on the table when all it takes is a bit more effort to shop around for the best rate, or lowest cost, on a mortgage?”
More on current mortgage rates
Methodology
Bankrate displays two sets of rate averages that are produced from two surveys we conduct: one daily (“overnight averages”) and the other weekly (“Bankrate Monitor averages”).
The rates on this page represent our overnight averages. For these averages, APRs and rates are based on no existing relationship or automatic payments.
Learn more about Bankrate’s rate averages, editorial guidelines and how we make money.
Inside: Money gift ideas for any occasion! Learn how to wrap money as a gift. These are cute ideas for giving money. Find simple ways to hide money in a gift.
Giving money as a gift can be one of the best gifts that you can give today.
A lot of times though people don’t feel like giving money as personal or creative or thoughtful enough, which is a complete joke because honestly, cash is king.
More often than not, the receiver of the gift actually loves to get money – especially kids!
Even better, one of these money surprise ideas!!
There are many reasons to give money because, yes, gift cards are nice, but what if you find something else at a different store that you want, or their policy to redeem gift cards is really difficult? Also, some people don’t want to add more items to their houses. Others are just plain hard to buy for because they go out and buy everything they need.
That is why giving money as a gift is so absolutely awesome.
Today we are going to cover so many terrific ways on how you can give money as gifts. You can purchase some of these money gift ideas or pull out your DIY skills.
In this post, we are going to dig in and find super creative and fun ways to give money.
Best Surprise Money Gift Ideas
These money gift ideas will wow at any birthday party, Christmas exchange, graduation, or any other time of the year because there’s a little bit more thought behind how to give the gift.
Cash is a really thoughtful gift, too. Don’t forget that.
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.
My Money Surprise
The first time I personally received a money gift was in college. The best gift ever!!
My parents hid cold hard cash in a room divider screen that I needed. I had cash to pay for groceries, cash for gas, and other incidentals I needed. That was one of the most epic Christmas presents that I ever received because it was something that I truly needed.
Then, I could decide what do I want for Christmas and spend money on what I truly wanted!
More importantly, it was something that I could choose how to spend or save. It wasn’t something that would just sit in my closet because I would actually use the cash.
What is a unique way to give money as a gift?
You can make the gift out of money itself.
Even better, there are plenty of ways to hide money inside another practical gift. You can make find many gift money ideas using a few crafty DIY skills.
So many creative ways to give money as a gift!
How To Wrap Money For A Gift
This is exactly how to gift money.
Now, don’t think that you have to be super, super creative, and hone all your crafty skills just to give the best money gift ever.
I’ll be very honest, learning how to wrap money for a gift is super super easy!
You’re probably going to need just a few items and most of them are sitting in your house!
The fun part of these money gift ideas is you get to be creative on how you want to give the best gift ever!! Some of the creative ideas include a little tape, some glue, and maybe saran wrap. Or you can hide it inside a jar with M&Ms for a money snack.
These are just a few of the ways that you can wrap money for a gift.
It is just taking the gift, one step further and finding a unique way to give money gifts.
In fact, find graduation specific money gift ideas.
Money Puzzle Gift Boxes for Cash
One of the MOST popular gifts!
This maze puzzle cube is a unique cash holder. Perfect for kids and adults, it’s a thrilling puzzle box and money maze.
Get yours now and turn gifting into an adventure!
Buy Now on Amazon
02/19/2024 09:47 am GMT
Who To Give Money Gift Ideas
These types of gifts are so flexible and can be used by anyone!!
Everyone loves to get cash and spend it how they choose. Then they can cross something off their Christmas bucket list.
How to Give Money as a Gift & Not Be Rude?
Is giving money as a gift rude?
Absolutely not.
As we’ve said many times here at Money Bliss – cash is king.
With cash, you are able to do what you want to do with the money. You don’t have another thing collecting dust on your shelf or set in the basement.
You can give a money gift box!
Don’t look at giving money as a rude thing to do. It is actually freeing because the receiver of the gift can choose how they spend it on the reverse side as the recipient of cash.
Feel empowered in the decision to give cash as a gift instead of an actual materialistic item.
Grateful Tips: I always recommend writing a thank you card immediately. Once you use the cash, then write another note on how you used the cash and how much you appreciated it. Then, the gift giver knows how you used the cash, and the ways they helped you, and then they won’t question their decision to give money as a gift.
Cute Ideas for Giving Money
In this section, you will find cute ideas for giving money. These are the absolutely adorable ways that people would love to receive money.
These are great for Christmas and birthdays, and especially for kids, teenagers, and young adults.
You will learn how to roll money for a gift and so much more!
May 19, 2023
Inside: Find money cake ideas! Learn how to make a money cake or buy pre-made kits. This guide has you covered with…
Money Balloons
Super cute way to give money for any occasion.
It’s fun to watch the recipient get spooked by a popping balloon, covered in confetti, and of course, count the money inside!
Read More
Photo Credit: sugarandcharm.com
Sneak Peek Birthday Card
Such a cute and sneaky way to roll cash into a card.
Make candles using a dollar bill or go big and use a $20 bill.
Read more
Photo Credit: Stamp with Jill
Money Lei for Graduation Gift Idea
Everyone needs some cash and this money lei is a fun and creative way to give the gift of cash!
Learn how to make your own money lei today!
Read More
Photo Credit: yourhomebasedmom.com
Funny and Fun Ways to Give Cash
This list is about the funny and fun ways to give cash.
This type of money gift idea works best for a white elephant exchange, a coworkers exchange, a friend exchange, or someone who loves a good joke.
Let’s be honest… sometimes you just to be really funny with how you give the gift.
Honestly, I’m not sure if there are any annoying ways that you could give money. (Cash is still cash, right?) For those who enjoy crisp dollar bills beware!
Easy Peasy Money Tree Topiary
It is proven that money does grow on trees. This DIY tutorial will teach you exactly how to make your own money tree.
This beautiful money tree topiary is ready for one very lucky gift recipient!
Read More
Photo Credit: sunburstgifts.org
Money Tree on Etsy
Perfect gift for the Dad who always says money doesn’t grow on trees! This is a funny gift idea for the father who has everything and has a great sense of humor. Because now…
Money DOES grow on trees!
See Now on Etsy
Photo Credit: Etsy.com
“In An Emergency” Graduation Gift
Super fun way to give money and withhold the desire to spend the cash right away. You can place any amount of cash in these, so they fit virtually any budget.
Simple DIY tutorial!
Read More
Photo Credit: sendomatic.com
Money Chain Gift for the Graduate
Paper chain gifts are a great way to decorate for the holidays. But, it is also a fun way to give money! Very simple DIY project to complete.
Read More
Photo Credit: lessthanperfectlifeofbliss.com
Christmas Money Printable
Running low on time?
This Christmas money printable is a fun and easy way to give some dough this season. So adorable!
Read more
Photo Credit: tessiefay.com
Easy Ways to Hide Money in a Gift
Okay, let’s be honest, we don’t want everybody to know right away that they’re going to get money inside their gift.
How do you hide money as a gift? This gift list is filled with perfect ways to hide money inside a gift.
When they open it, they are excited about just the outside part of the gift and they don’t even know the monetary gift that you have waiting for them inside!!
August 28, 2023
Inside: Looking for a creative and easy way to give money as a gift? Look no further than these Money Gift Boxes!…
Handmade Money Surprise Bath Bomb
Time for a lovely bath with a hidden surprise! A fantastic way to hide money especially for teen girls!
This unique gift idea also is made with all natural and vegan skin care products. Perfect for small budgets!
Buy Now on Etsy
Photo Credit: Etsy.com
Funny Christmas Money Gift: Cash in a Can
This is such a clever idea! Giving money was so much fun this year.
You can hide a roll of cash inside any canned goods – preferably what the recipient hates the most.
Since it is wrapped like a normal household item, no one will expect it to have anything inside but what is on the label!
Read More
Photo Credit: itsalwaysautumn.com
Birthday Money Box Gift Idea
Money is something every teenager wants! This money box can easily be created with items you already have at home.
Unique and sneaky way to give money!
Read More
Photo Credit: myinspirationcorner.com
Book of Money
Such an easy DIY project to give money!
You probably have all of the supplies in your house.
Read more
Photo Credit: marthastewart.com
Money Cake Pull Out Kit
$16.99 $15.50
Perfect surprise for your kids, grandkids, spouse, or best friend with the most versatile and widely-appreciated gift of them all: cash?
We know how you can do it in style: the amazing money cake dispenser, an incredible accessory that you will use on endless occasions.
This complete cash dispenser set includes the special box, cake topper, 1 plastic roll with 50 connected pockets, and printed instructions.
Buy Now on Amazon
02/19/2024 05:27 pm GMT
Hidden Gift Jars
Want to make your money gift a little more special this year? Make these Hidden Gift Jars!
Stash your gift inside a secret hiding spot in the jars, covered by a favorite candy or treat (we used M&Ms), and watch the recipient’s eyes light up when they realize there’s more to their gift besides just candy!
This also makes a great gag gift!
Read more
Photo Credit: myhomebasedlife.com
Creative Ways to Give Money – Which is Your Favorite?
What is the best way to gift money?
Honestly, is there any bad ways to get money? Maybe if the gift giver never opens where the cash is heading, but let’s hope that doesn’t happen.
In this post, we have covered all of the best ways to gift money.
A simple way to say I appreciate you! You have so many ideas to choose from!
Which creative ways to give money did you like the best? There are DIY methods to giving cash and some that you can quickly pick up.
Follow for more inspiration on our Gift Ideas on a Budget Pinterest boards.
I can’t wait to see your pictures with what you’ve come up with, and how you plan to do this.
More Gift Ideas:
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.