Dusaan, an Indian homegrown marketplace that provides premium home decor at affordable prices, have 150+ brands, including 10+ international brands across 40+ categories under their umbrella and are only expanding further.
Simran Kohli, the Founder of Dusaan Retail Technologies, promotes Dusaan as a destination for affordable, premium home furnishings. She started her career at McKinsey and Company – working on coveted clients in finance and banking, private equity, and industrials. She later became an investor at Sequoia Capital and focused on early-stage consumer companies, and eventually started her own company.
Also read: The Art of Symmetry: European Classical Interiors
Her vision for Dusaan Retail Technologies is to make the user’s experience easy and smooth when shopping for their home, and for the marketplace to become the go-to destination for everything home. She aims at doing that by providing all home furnishings in one space.
It was co-founded with Moulshree Aggarwal, (both founders were ex VCs) after seeing a wave of opportunity in the home furnishings industry. Within six months of making the brand operational, they now have thousands of happy customers and more than 15,000 products listed on the marketplace. There are more than 150+ coveted brands listed on Dusaan, which includes top international names as well.
Simran Kohli, , the Founder of Dusaan Retail Technologies, speaks to Indulge about what make the e-commerce platform unique, inspiration behind the venture, future plans and more.
What makes Dusaan unique when compared to other e-commerce platforms?
Dusaan is a meticulously established and unique platform that deeply comprehends the special bond you share with your home. With us, you can explore a handpicked selection of top-notch brands from all over India, allowing you to bring home products that resonate with your style and preferences. Dusaan prides itself on its distinctive blend of convenience, rigorous quality checks, and thoughtful curation, setting it apart from the rest. Given that not everyone has home decor expertise, Dusaan helps customers design their classic living spaces entrancingly.
What was the inspiration behind this venture?
The home decor industry is a $10 billion industry and growing, yet 85% of it is still unorganised. More than just a place to live, a person’s home is also a blank canvas on which they can showcase their artistic flair. At Dusaan, we want to provide a one-stop destination for all things home. Curating a home should be a joyful experience, but it ends up being a hectic one. Thus, we aim to bring the best quality products to all homeowners at affordable prices while also spoiling them with amazing choices. It’s a truly personalised design journey that will make your space a true reflection of your taste and personality. It can be started by visiting the Dusaan website, where you will find an unrivalled selection of home furnishings and decor items.
Did you face any challenges?
There are unique challenges that come with being a novice in the field. Firstly, acquiring new customers for the platform and then converting them into loyal customers; secondly, bringing on reliable, high-calibre vendors. The home decor industry can be difficult because there are many well-established businesses and new competitors who are constantly vying for market share. However, keeping in mind the various expectations and preferences of customers in this field, we are willing to offer comprehensive solutions to these challenges and provide clients with the best products accessible.
In your opinion, what are the must-have features of a great e-commerce platform?
To provide your clients with a fantastic shopping experience, your e-commerce platform absolutely must possess the qualities listed below.
● Simplified navigation: Online shopping should be an easy experience, as the customer has shown interest and is spending time going through the platform. The homepage, catalogue, product page, etc. should be easy to navigate for customers to find exactly what they are looking for.
● Wide collection: A wide collection is essential for e-commerce because it caters to diverse preferences, meets customer expectations, enhances satisfaction, capitalises on trends, and provides a competitive advantage. It also offers cross-selling opportunities, addresses seasonal demand, and facilitates international reach while providing valuable data insights for informed decision-making.
What are some of the unique brands that are featured at your site?
● Joseph Joseph: Born in 2003 in England, Joseph Joseph has simple, brilliant, and thoughtful designs that make daily tasks faster and more efficient. From kitchen tools to kitchen organisation, one can unlock much superior performance by using them.
● Madehome: It’s a sustainable kitchenware brand that curates products with natural materials like neem wood. The brand aims to bring customers back to their roots and enjoy wholesome serveware.
● House of Banjara: The House of Banjara is the essence of Boho living with artisanal decor, creating a truly sophisticated and unique experience for your home. Their curated collection embodies the Bohemian spirit, blending intricate craftsmanship with contemporary aesthetics to offer a diverse range of sophisticated decor pieces.
● Ministry of Decor: The Ministry of Decor provides carefully crafted and manufactured home decor products through a team of experts in innovation, design, aesthetics, and quality. The brand was born with a vision to provide high-end boutique products that won’t burn your pocket.
Which e-commerce trend do you consider essential?
In our opinion, the most significant e-commerce trend that we consider essential is curation, which allows online retailers to tailor product offerings to individual customer preferences. With the overwhelming number of products available online, customers often face decision fatigue and information overload. Curation helps streamline the shopping process by presenting a thoughtfully selected collection of products, making it easier for customers to find what they are looking for quickly.
Also read: IKEA’s new collection MAVINN brings sustainable home decor and furnishings
Are you doing something special on handloom day?
We’ll put together a unique assortment of handloom goods, such as rugs, table runners, floor mats, etc. This collection will be prominently featured on our online storefronts. In addition to celebrating Handloom Day, we also want to show our consumers how much we value them and their choices and emphasise how important the handloom industry is to the socioeconomic development of the entire country. As a home decor company, we cherish and believe in the beauty of handloom textiles, and we want to pass this legacy on to future generations.
Inside: Looking to put money on your Cash App card? This guide will show you how to do everything from adding funds to verifying your identity. Whether you’re using a debit card, bank account, or mobile payment service, this guide has you covered.
The Cash App Card, often called the Cash Card, is a top-rated, mobile electronic money transfer service.
This reloadable tool functions like a Visa debit card, allowing it to easily serve as a primary banking solution for users. Not limited to traditional banking hours and locations, the Cash App Card provides high flexibility for financial management.
The good news is this free and customizable debit card is linked to your Cash App balance, providing you the convenience and flexibility to handle your finances effectively and efficiently.
So, the question remains… how do you put money on the Cash App Card?
In this guide, we will teach you where can I load my Cash App Card.
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.
What is a Cash App Card?
A Cash App Card, often mentioned as the Cash Card, is a free, reloadable debit card designed to let you tap into your Cash App balance.
Picture it as your ticket to your digital wallet, allowing you to:
Shop anywhere Visa is accepted, both online and in physical stores.
Make use of the Cash Boost feature for instant discounts at participating retailers and eateries.
Personalize it with your unique design from the app.
Reload it at places like 7-Eleven, CVS, Walmart, and more.
Send or receive funds among friends and family.
Manage your spending and stay on budget.
The catch? Your spending power ties strictly to your Cash App balance, so be sure to top it up!
How to Get a Cash App Card
Cash App is one of the hottest new payment apps on the market.
And, like most things these days, there’s a Cash App card you can use to make purchases or withdraw money from your account.
This is great to use for the cashless envelope system.
So, how do you get started with a Cash App Card?
Step #1: Download the Cash App
To get started with Cash App, you first need to download the app.
The easiest way is to scan this QR code to get started.
After locating it, simply tap “Install” or “Get.” Once the app has finished downloading, hit “Open” to launch it.
Pro tip: Be sure you’re downloading the genuine Cash App, look for the icon that’s green with a white dollar sign (pictured above). That’s it, you’re one step closer to your Cash App Card! Now, let’s get you set up.
Step #2: Create an Account
It is ideal for digital banking, allowing you to make cash deposits, and pay in-store or online with the convenience of a Cash App Cash Card, simulating many of the features of a typical checking account.
To create a Cash App account, follow these steps:
Once installed, open the application and follow the on-screen instructions to set up your account.
You will have to enter your phone number or email address.
For security certification, the Cash App will send you a secret code to verify you. Enter it.
Select a $cashtag, which is a unique username to send and receive money (similar to Venmo)
Step #3: Link a bank account or card
Remember, in “My Cash” you’ll spot the “Add Money” option for funding.
This is the easiest way to load your Cash App Card, so you should set it up properly.
Open Cash App; it’s the icon with a white dollar sign on a green background.
Tap the top-right profile icon.
Navigate to “My Cash” – it’s a tab on the home screen.
Click “Link a Bank,” nestled within the options.
Follow the prompts to add your bank account or debit card info.
Once your card is linked, you’re all set.
Insider’s guide: Double-check your digits to prevent delays!
Step #4: Order a Cash App Card
To order a Cash App card after successfully establishing your account, follow these steps:
First, open the Cash App on your mobile device.
On the bottom of the screen, locate the card icon that is second from the left and tap on it.
Click on the green ‘Get a Free Cash Card‘ button.
You may choose your desired card style (color). Please keep in mind that certain color options may entail a small fee.
If you’d like, click on ‘Personalize Card’ to add a unique touch such as a drawing or stamp.
When you’re ready, simply click ‘Order Card.’
Through this process, Cash App provides a credit card number straight away for immediate online use. Meanwhile, your physical card should arrive in your mail within 5 to 10 business days.
How to Put Money on Cash App Card
Adding money to your Cash App card is an easy and straightforward process that can be done within a few minutes directly from the Cash App.
This process essentially involves transferring funds from your linked bank account or card to your Cash App card balance.
Below, you will learn other ways you can also deposit money, easing the process of managing your digital finances.
Step 1: Open the Cash App on your phone
To add money to your Cash App card, begin by launching the Cash App on your phone.
This app flaunts a simple green icon that should be pretty easy to spot amongst your other apps.
Bonus Tip: remember to link your bank account or debit card for smoother transactions.
Step 2: Tap on the “My Cash” tab
Now that the Cash App is opened on your device.
Tap on the ‘My Cash’ tab at the bottom-left corner of the screen.
Expert Tip: Use biometric features (facial recognition or fingerprint) for faster and more secure access.
Step 3: Select “Add Money”
After you’ve successfully navigated to the “My Cash” tab within the Cash App, the next step is selecting the “Add Money” option.
Type in the exact amount you’d like to transfer to your Cash App Card.
Be sure to double-check this figure – you don’t want to add more or less than you intended.
Learn about how to unlock borrow on Cash App.
A handy tip: If you enter an amount that surpasses your current bank balance, the App will kindly let you know.
Step 4: Confirm with your PIN or Touch ID
After entering the desired amount to load onto your Cash App card, you’re going to see a little “Add” button – go ahead and tap that.
The app now needs to confirm it’s really you, so you’ll be asked to put in your PIN or use Touch ID.
Remember, this is just to make sure your money stays secure, so it’s an important step.
Pro-tip: Make sure your PIN is both easy for you to remember and tough for others to guess.
Step 5: Wait for the money to be added
Alright, you’re almost done!
After you’ve confirmed your transaction, just sit tight while the money gets added to your Cash App Card. This usually occurs within a few moments—it’s pretty speedy. But just in case, give it a good few seconds before you check your balance.
Remember, patience is a virtue, even in the digital world! You’ve now successfully added funds to your cash card. Easy, right?
The simplicity and speed of the process is genuinely impressive, isn’t it?
Step 6: Tap “Sign Out” button at the bottom of the screen
You are going to want to do is tap that “Sign Out” button you’ll find chilling at the bottom of the screen.
Go ahead and tap it.
Do you know why this step is crucial? Because it’s like leaving your house and locking the front door. It keeps your account secure from any sneaky hands looking to fiddle with your money.
So always, always remember to sign out, alright? It’s a small step but it does a big job in keeping your account safe.
Where Can I Load My Cash App Card?
If you’re wondering how to put money on a Cash App card, you’ve come to the right place.
In this section, we’ll show you where and how to load your Cash App card so you can start using it right away.
1. Bank Account
The easiest place to load money is your bank account. Plus you can keep yourself within a spending limit for your budget.
Let’s get that Cash App Card loaded up with money from your bank.
First, make sure your bank account is linked with your Cash App. If not, just click on the ‘Banking’ tab and follow the prompts. Easy peasy!
Now, tap the ‘Money’ tab on your Cash App.
Hit ‘Add Cash’.
Choose the amount you want to transfer.
Tap ‘Add’ again, then confirm using your PIN or fingerprint.
Don’t go overboard, friend; remember, there’s a limit of $1000 per week!
2. Debit Card
Now, let’s load it up using your debit card.
Head to your profile on the Cash App.
Found the “Linked Banks” button? Great! Click it to add your debit card.
You’ll need the card number, expiry date, and security code.
Cash App might run a quick test to confirm the connection.
Now you’ve got to spend money on your Cash App Card.
3. Retail Stores
Did you know you can load your Cash App Card at various retail locations?
Forget running to a bank, just pop into one of these convenient spots. Here’s a quick list to guide you:
Walmart
Rite Aid
Family Dollar
Duane Reade
Walgreens
GoMart
Sheetz
Kum & Go
GoMart
KwikTrip
Speedway
H-E-B
Thorntons
TravelCenters of America
Dollar General
Pilot Travel Center
7-Eleven
Remember, availability may vary by location. So, ensure to check your nearest store whether they support Cash App deposits.
4. Visa Gift Cards
Similar to how to use a Visa Gift Card on Amazon, you can conveniently load your Cash App Card.
As such Visa Gift Cards are popular gifts with their widespread acceptance makes them a favorite choice.
To load your Cash App Card using a Visa card, follow these simple steps:
Open your Cash App: Tap on the “Banking” tab visible on the screen’s bottom left.
Choose “Add Cash”: Input the amount you want to load onto your Cash App Card.
Tap “Add”: Make sure you select the Visa gift card you want to transfer money from.
Authenticate your Identity: Depending on your setting, you may have to use Touch ID, Face ID, or a PIN.
Voila! That’s it, remember to keep an eye on your card balance to ensure the correct amount was loaded.
5. PayPal
While PayPal is a popular option to transfer money, you cannot transfer money directly to your Cash App Card.
You will need to transfer the money from PayPal to a linked bank account first and then move the money to Cash App.
Learn which payment type is best if you are trying to stick to a budget.
What are Paper Money Deposits?
Just like the slang for how much is a rack, paper money deposits are what Cash App calls the transfer of your money.
Remember, you can deposit up to $1,000 every 7 days and $4,000 every 30 days. Deposits must be a minimum of $5 per transaction and not exceeding $500.
There is no fee to use the card. As Cash App makes their money by the transaction may be subject to a small fee charged by certain retailers.
What are Boosts?
Heard of ‘Boosts’ in the Cash App world? Let’s break it down.
Boosts can help you get more bang for your buck, offering discounts on eateries or stores you frequent. It’s like enjoying 15% off your latte at your go-to coffee shop, neat, right?
Here’s how to utilize ‘Boosts’:
Open your Cash App and find the Boosts.
Scrutinize your options and activate one Boost.
Swiftly switch on and off your Boosts to fit your needs.
So, add a little boost to your Cash App Card and enjoy some savings!
Tips for Using Cash App Card Safely
To make the most of your Cash App card, it’s crucial to have a grasp on the safety and security measures.
The Cash App card offers users the flexibility of managing money without the restrictions of traditional banking. Plus it serves as a tool for receiving and sending money, and also helps in money management and budgeting.
1. Check Your Card Balance and Transactions
Knowing your balance and checking transactions is crucial when using your Cash App Card.
Being aware of your balance ensures you can make transactions without exceeding your available funds, helping avoid any embarrassing situations or penalties.
Monitoring transactions regularly allows you to spot any fraudulent activities promptly and acts as a deterrent for any additional, unwarranted fees that could be associated with specific transactions.
Additionally, when you add funds to your card at a physical store, you should always confirm that the funds have been accurately transferred to your Cash App account before leaving, to sidestep any discrepancies or issues.
To check your balance, log into your Cash App account and click on the dollar symbol on the home screen. This will promptly display your current balance.
Now, for transactions, tap the “Cash” tab to view your recent transactions.
2. Avoid Scams
Navigating Cash App Card could be a breeze, but it’s crucial to be aware of potential scams that might catch you off guard.
**Be Aware of Who You’re Trading With** Transactions on Cash App are instant and can’t usually be reversed. Be cautious in your dealings.
**Secure Your Account:** Maintain strict privacy over your Cash App PIN and use your phone’s security lock feature to avoid unauthorized access.
Remember, your alertness is your best bet to keep scams at bay! Keep yourself informed and stay safe.
3. Use the Security Features
The Cash App strives to prioritize security and protect its users’ money, making it a pocket-friendly financial tool.
The Card is issued by Sutton Bank and has FDIC insurance, ensuring your hard-earned money is safeguarded.
But, besides this innate security feature, there are multiple ways to assure maximum security while using your Cash App Card:
Securing Your Cash App Account: Before using the Cash App Card, it is pivotal to add strong security measures to your Cash App account. This can include setting up a unique and complex password, enabling two-factor authentication, or using touch ID/facial recognition if your device supports it.
Transaction and Deposit Limits: Cash App sets transaction and deposit limits to protect your account. Familiarize yourself with these limits and stick to them. Going beyond these restrictions might expose your account to risks.
Linking your Cash App Card with Trusted Accounts: While you can link your Cash App Card to multiple banks or external bank accounts, it’s crucial to ensure these accounts are trustworthy and secure. Avoid linking to accounts on public computers or networks to prevent unauthorized access or data theft.
Watching out for phishing scams and suspicious activities: Always be vigilant when receiving unsolicited communications asking for your Cash App Card Information. Remember, Cash App will never ask for your PIN or sign-in code outside of the app.
Real-time Alerts: You can also activate instant transaction alerts. This way, if your card is utilized, you will get immediate notification on your mobile device, helping you stay on top of your spending and identify any potential fraudulent activity.
Safe deposit and withdrawal: Making sure to use secure networks when depositing to or withdrawing from your Cash App Card can offer an additional layer of protection.
Navigating through these security features is not overly complex, but it reinforces your financial safety.
4. Know Your Limits
Knowing your Cash App Card limits plays a vital part in managing your finances effectively.
You want to be wary of overspending and blowing your budget.
So, if you transferred $500 for the week, stick to the $499 spending limit.
5. Use the App’s Help Function
Knowing how to use the Cash App’s help function is crucial, as it assists you in troubleshooting any issues quickly. It also shows you how to maximize the platform’s robust offerings.
To access the help function, simply tap on the “Profile” icon in the bottom-right corner of the Cash App screen, then scroll down and select the “Support” option.
If you need to get in touch with customer service, tap “Contact Support” and explain your situation in the message field.
6. Use Cash App Card for the Things It’s Meant For
The Cash App Card puts a world of financial opportunity in your hands. Convenient as a debit card, you can use it for online shopping, paying bills, or sending cash to mates. It’s your money manager without the hassles of bank operating hours.
Primarily, here’s what you should do:
Add funds to the card: You can reload your card at numerous locations, with options such as CVS, Walmart, or Dollar Tree.
Manage wisely: Budget and spend your earnings across your essentials and save some for a rainy day! This will help you to spend money wisely.
Use cash boosts: Add thrills to your regular shopping by using the exclusive ‘Cash Boosts’ for instant discounts.
The goal of the Cash App Card is to not go into debt but to live within your means.
Now, Add Cash to Cash App
In conclusion, obtaining and using a Cash App Card can greatly enhance your financial savviness by providing a convenient way to use your Cash App balance both in-store and online.
The process for getting this card is straightforward and cost-free, and gives you instant access to your card number for immediate online purchases, while the physical card arrives within 5-10 business days.
Whether it’s sharing money with friends and family, managing your personal budget, or teaching young adults about financial responsibility, this card offers a sophisticated and straightforward approach. Although it doesn’t replace traditional checking accounts, it’s an excellent alternative for unbanked consumers, those looking to rebuild credit, or teenagers with money to spend.
Just remember to keep track of the transaction and deposit limits set by Cash App to avoid any surprises.
Take hold of your finances today with your Cash App Card and experience the convenience it offers.
Start leveraging the benefits of your Cash App Card now!
Know someone else that needs this, too? Then, please share!!
Here at TPG, we’re all about maximizing every dollar you spend. Often, you can accomplish that by using the best credit card to enjoy the highest return for a specific purchase. But sometimes, you can go a step further.
Enter “double dipping,” or the practice of earning two different types of points on a single transaction. Taking advantage of double-dipping opportunities will help you accelerate your points-earning — bringing you that much closer to your dream award trip.
Below, we’ve outlined some of our top double-dipping opportunities that you can (and should) work into your everyday points practices.
Use online shopping portals
One of the simplest ways to double dip is to use shopping portals for your online purchases. These third-party sites partner with various retailers to give you points, miles or cash back when you click through their links. This is in addition to the points and miles you earn from putting the transaction on your credit card. So, you earn one bonus from the portal and another from your card.
No matter what type of points you’re trying to earn, there’s likely a portal out there that will suit your needs. Several airlines and hotel chains have their own portals, as does Chase Ultimate Rewards. Meanwhile, Rakuten allows you to receive your earnings in the form of American Express Membership Rewards points as an alternative to its usual cash back. You can even earn a one-time $30 bonus by joining Rakuten and spending $30 in the first 90 days.
Not sure which portal to use? Try using a shopping portal aggregator such as Cashback Monitor to compare earning rates across numerous portals for a given retailer.
Join restaurant rewards programs
Dining out can be a lucrative activity by itself, with cards such as the American Express® Gold Card offering 4 points per dollar on worldwide restaurant purchases. But it’s also an opportunity to double dip using airline and hotel dining rewards programs.
Once you register, participating restaurants will automatically award you points or miles when you pay for a meal with a linked credit card. Once again, these earnings are on top of the points or miles you net just for purchasing with your credit card.
There’s just one key thing to remember: Each of your credit cards can only be registered for one dining program, so you can’t earn through two airline or hotel programs for a single purchase.
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Related: How to earn 1,000 Southwest points the next time you dine out (or order in)
Earn more with Uber and Lyft
Whether you use Uber or Lyft, you can make your rides more valuable by linking certain rewards accounts to earn points on every ride.
With Lyft, you have several choices when it comes to earning bonus points or miles, though you must select one of the following as your designated loyalty rewards partner:
Note that Chase also partners with Lyft. So, in addition to selecting one of the above programs, you can use an eligible card — like the Chase Sapphire Reserve or Chase Sapphire Preferred Card — to earn up to 10 points per dollar spent on the platform. Sapphire Reserve cardholders also enjoy complimentary Lyft Pink All Access for two years.
Meanwhile with Uber, you can link your Marriott Bonvoy account and earn the following:
6 points per dollar on Uber Eats restaurant and grocery orders of $40 or more delivered to a hotel in Marriott’s portfolio
3 points per dollar on rides with UberXL, Uber Comfort, Uber SUV and Uber Black
2 points per dollar on all other Uber Eats restaurant and grocery orders above $40.
Make sure you’re also using a credit card with a great return on travel purchases; for instance, the American Express® Green Card, which offers 3 points per dollar spent on travel and transit purchases, including ride-hailing services.
Related: Frequent Uber or Lyft passenger? These credit cards are for you
Rent with Airbnb
Make your Airbnb stays more valuable by booking them through Delta Air Lines’ or British Airways’ online portals. Simply choose a program and click the booking button on its dedicated Airbnb page to rack up extra miles. You’ll earn 1 mile per dollar if you go through Delta SkyMiles and 3 Avios per dollar if you book through British Airways Executive Club. So, expensive Airbnb bookings can quickly add up to award flights.
Like with Uber and Lyft, make sure to pay with a travel credit card that earns a bonus on vacation rentals to maximize your points-earning.
Related: 12 tips for choosing the perfect beach house rental
Earn bonus United miles with MileagePlus X
This app provides endless double-dipping possibilities for those looking to rack up United miles. It awards you bonus miles for buying electronic gift cards through the app, which you can later use online or in person at shops and restaurants. This is particularly great for merchants not included in popular bonus categories on credit cards.
The deal is even sweeter for those with a cobranded United credit card, like the United Explorer Card. If you link your United card to the app, you’ll earn a 25% mileage bonus for every gift card you buy, whether or not you use that card to pay for the purchase.
The best part? With MileagePlus X, you can actually take things to the next level for a triple dip. Simply buy a gift card through the app — earning points from the app and points for the transaction on your credit card — and then use that gift card to make an online purchase while utilizing a shopping portal.
Related: Here’s why it matters which card you use to pay in the United MPX app
Leverage the American Airlines and Hyatt partnership
American Airlines and World of Hyatt have a partnership offering reciprocal points-earning opportunities to elite loyalty program members. Hyatt elites can earn 1 bonus point per dollar spent on qualifying American flights. American elites can earn 1 bonus point per dollar spent on qualifying Hyatt stays — all on top of the points and miles they’d normally earn when flying American or staying at a Hyatt.
Luckily, it doesn’t take much to nab Hyatt elite status. Just take out the World of Hyatt Credit Card for automatic Discoverist status to participate.
Related: Everything you need to know about World of Hyatt
Give RewardsPlus a go
Long before Hyatt and American joined forces, United and Marriott partnered to offer their members elevated benefits and bonus points through the RewardsPlus program.
With this program, United Gold (or higher) elites automatically receive Marriott Bonvoy Gold elite status, while Marriott Titanium and Ambassador elites automatically receive United Premier Silver status. Of course, it’s relatively easy to get Marriott Gold status with credit cards — including The Platinum Card® from American Express or the Marriott Bonvoy Business® American Express® Card. As a result, top-tier Marriott elites get the better end of this deal. Enrollment is required for select benefits.
In addition to reciprocal elite benefits, all members enjoy extra miles when transferring Marriott points to United, regardless of status. While most (but not all) of Marriott’s transfer partners receive a 5,000-mile bonus for every 60,000 Marriott points transferred, United members get 10,000 bonus miles for transferring 60,000 points. That means you can effectively convert 2 Marriott points to 1 United mile.
Leverage retail loyalty programs
While they won’t get you first-class tickets or luxury hotel stays, many sports retailers, restaurants, office supply stores and pet supply stores offer loyalty programs that you can maximize when purchasing. Most of these programs give you rewards in the form of future discounts (e.g., spend $100 and get a $5 coupon) on top of the standard earnings you’d get from using your credit card.
If you’re not familiar with these programs, you can check out our list of the nine most underrated loyalty programs.
Related: The best credit cards for buying clothes
Credit card offers and discounts
Applying for a new credit card typically comes with a large number of points or miles as a welcome bonus (after you meet the minimum spending requirement, of course). However, once you’ve opened a card, there are a number of other ways to earn bonus rewards or unlock discounts on everyday purchases.
Most of the major issuers offer a program along these lines, including:
These are targeted to each individual cardholder, and you typically must activate them before making a purchase. You also may find several obscure merchants with whom you have no intention of doing business. However, by frequently checking your online accounts, you may be able to find some good opportunities for bonuses or savings.
Here’s just a sampling of the offers that TPG staffers currently have on their cards:
An Amex offer to earn 5 extra American Express Membership Rewards points per dollar spent, up to 1,000 points
An Amex offer to earn 50% back on purchases with Dropbox
Multiple Chase offers to earn 10% back when you spend $100 with multiple Marriott brands — including Autograph Collection, SpringHill Suites and Renaissance Hotels
A Citi offer to earn 5% back on Lyft rides
You can also stack these with many of the other “dips” on this list to create a double dip or triple dip. For example, stack an Amex Offer at a nearby restaurant with a dining rewards program or an online purchase with a shopping portal.
Bottom line
There are plenty of great ways to rack up points and miles quickly, but everyday spending often gets overlooked as one of them. There are many concrete things you can start doing today that will unlock a world of rewards for tomorrow.
With these double-dipping efforts as a part of your overall strategy, you’ll build your account balances and get that much closer to your next award trip.
For rates and fees of the Bilt Mastercard, click here. For rewards and benefits of the Bilt Mastercard, click here.
Inside: Need help with do credit cards have routing numbers? This guide teaches you the basics of credit card money management.
Have you ever wondered if credit cards have routing numbers?
If so, you’re not alone.
In fact, this is a question that we get asked quite often here with money management.
The short answer is no, credit cards do not have routing numbers. But there’s a bit more to it than that.
Keep reading to learn more about why credit cards don’t have routing numbers and what other options are available if you need to make a direct deposit or automatic payment using your credit card.
What are Routing Numbers?
A routing number, often known as ABA or Transit number, is a unique nine-digit code that identifies your bank in the U.S. and helps to direct your transactions correctly.
Here’re a few things to take note of:
It is indispensable for online transactions, direct deposits, and financial exchanges.
Banks and financial institutions use it to identify themselves during transactions.
It usually appears at the bottom of your checks.
There may not be a routing number for all financial institutions.
Cherished for over a century, these magic digits aid in a seamless banking experience.
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Do Credit Cards Have Routing Numbers?
Here’s the deal, no, credit cards do not have routing numbers.
So, when you’re making a payment or doing a transaction, you won’t need any routing number.
You just enter your credit card’s account number, and you’re good to go.
Confusing it with routing numbers? Learn how to read a check.
Why Credit Cards Don’t Have Routing Numbers?
Your credit card and bank accounts are two completely different methods of paying.
While routing numbers are nine-digit codes that identify your bank. They’re used to process payments and deposits, and they appear on the bottom of your checks.
So, naturally, you might assume that credit cards have routing numbers. But they don’t—and there are a few reasons why.
1. Debit Cards Do Not Need Routing Numbers
Primarily, routing numbers are for bank transactions like wire transfers, checks, and direct deposits. When you use a debit card, you’re not performing these actions.
Hence, there is no routing number involved.
Your debit card is directly linked to your bank account, and that’s how transactions are processed.
For kids… Using a Greenlight debit card is a great way to teach responsibility.
2. Credit Cards Do Not Need Routing Numbers
Credit cards function entirely differently from your usual bank account! Here are the key points:
A credit card has a unique 16-digit account number, not a routing number.
It’s not about moving funds from your account to another when you’re using your credit card. Instead, you’re essentially borrowing bucks from your card issuer, sort of like a personal money-lender.
In short, your credit card enjoys its own exclusive payment processing lane, no routing numbers required!
Understanding Credit Card Numbers
Credit card numbers, much like routing numbers, hold critical account information that extends beyond just a unique identifier.
Each series of digits serve a purpose – revealing the card network, issuer, and your specific account number, and even acting as a key validation tool.
Understanding the structure of credit card numbers can help you not only identify your card type but also the financial institution it’s associated with.
1. Account number
An account number on your credit card is a unique 16-digit identifier. Think of it like your card’s fingerprint.
For example, if you’re holding a Mastercard, your account number likely starts with the number “5”. This number is different from your card security code or pin. It’s crucial for processing transactions and differentiates your card from others. Each time you transact, this account number comes into play.
So, knowing what it represents adds to your financial literacy!
2. Brand identifier
American Express, Discover, MasterCard, and Visa all have different systems for generating credit card numbers.
A routing number is not used in the credit card number generation process. Therefore, a credit card does not have a routing number.
Think of credit card numbers like a secret map. That first digit? It’s the Major Industry Identifier (MII), a fancy name for the network your credit card belongs to:
3 for American Express
4 for Visa
5 for Mastercard
6 for Discover.
The next handful of numbers is your Issuer Identification Number (IIN), the ‘who’s who’ of banks showing the issuer of your card. For example, a card starting with 475050 is a Visa from JPMorgan Chase.
The remaining digits are your unique account number with a check digit for validation.
3. CVV number
CVV stands for Card Verification Value.
Your credit card’s CVV number is that extra little bit of security magic for online shopping. This 3-digit (or 4, for you Amex users) number hangs out on the back of your card—except for American Express, where it lounges on the front.
It’s an anti-fraud champion, making sure the wizard behind the curtain really has the card itself, not just the number.
Remember, this little number works best when kept a secret, so keep it under wraps!
4. Cardholder name
The cardholder name on your credit card is just your own name — simple as that. It’s printed right on your card.
This is to help the retailers verify that you, the cardholder, are indeed the legit owner of the card when making a purchase.
So, it’s just another security step to keep your card safe from theft!
Credit Card Example Number
Here is a quick example of how credit card numbers are used in real life.
Imagine card number 4298 6512 9087 6543.
That ‘4’ indicates it’s a Visa. The ‘2986’ might say it’s from Bank XYZ, and the ‘5129087654’ is just you! Now, isn’t that a cool language to learn?
How Credit Card Transactions Work
When you use a credit card, you are borrowing money from the card issuer. It is not a “free” unlimited supply of funds.
If you pay your credit card in full by the payment date, you don’t owe interest. However, if you don’t pay the balance in full, you will start to accumulate interest and possibly feed.
Here are some key points of knowledge to know:
The billing cycle refers to the period, about thirty days, where all your financial transactions are tracked. This period generally lasts for an entire month.
The statement balance is the amount of money you owe at the end of your billing cycle. Once this amount is determined, you’re given a due date, which is typically 25 days after the end of your billing cycle, to repay the full amount. If you’re able to pay off your entire statement balance by this due date, you’ll avoid any interest charges on your credit card. However, if you fail to pay, you’ll have to incur an additional fee.
The outstanding balance consists of all your transactions from your grace period statements. This is the sum that you need to pay off in order to have a zero balance on your credit card.
Did you know you can use a Visa Gift Card on Amazon?
Now, You know the Account Number for Credit Card
We hope this guide has helped you understand a little more about credit cards and how to use them wisely.
Remember, a credit card is a powerful tool that can help you build your credit and improve your financial status.
Use it wisely and always pay your balance in full and on time to avoid costly fees and interest charges.
So next time you pull out your card, impress your friends with this cool trivia on credit cards!
Now, learn how many bank accounts should I have…
Know someone else that needs this, too? Then, please share!!
As a mom, finding clever ways to save money can help secure your family’s financial future.
Yes, I know, there are many other, more impactful ways to build wealth, and in the grand scheme of things, saving a buck here and there might not seem like the recipe for propelling yourself (with your entire brood in tow) to millionaire status, but hear me out.
Unless you stop the bleeding (in this case, frivolous spending), it will take you a lot longer to get there.
In my mind, building generational wealth is a combination of developing marketable skills, earning from those skills, investing wisely, and frugal spending.
…And putting your foot down when any member of your brood wants to splash $1,000 on a pair of, in my view, hideous sneakers.
That’s why I rave about How to Create a Budget and Everything You Need to Know to Start Using Coupons.
A Mom’s Guide to Saving Money the Smart Way
Of course, as with everything worth doing, it’s much easier said than done. Believe me; I’ve had moments of taking on unnecessary expenses at the grocery store despite having blown past our monthly budget.
It happens; you are going to slip up sometimes. The key is to have a solid hold on your spending habits and a savings system. That way, even if you go off the rails occasionally, you can recover and stay focused on your ultimate savings goals.
With that in mind, here are my top-secret (shhhhhh) creative ways to save money monthly.
1. Start Budgeting
It sounds obvious, doesn’t it?
Would it surprise you to learn that only 30% of American households actually have a detailed monthly budget prepared? Yes, according to a Gallup poll, two in every three Americans don’t have a monthly budget, nor do they have a long-term financial plan or investment goals.
I kid you not; budgeting is one of those things that everyone knows they should do, yet up to two-thirds of us don’t!
Having a detailed monthly budget will open your eyes to the reckless spending on everyday purchases you are currently engaging in.
From unnecessary online shopping sprees to pizza deliveries, even your grocery bill might have something you don’t need, or you can find cheaper alternatives if you just look.
You won’t know where all the money is going until you have an actual, written-down budget. THEN you will see just how badly you’ve been throwing cash around.
Here’s a quick guide on budgeting categories for the family if you want to get started right away.
2. Use Money Saving Apps
If you are anything like me, you put most of your grocery shopping, utility bills, and monthly bills on your credit or debit cards. While most of these offer rewards when you use them, you can go further and use savings apps.
Here’s why. Many of these apps highlight saving opportunities and fetch rewards such as cash back on many purchases you would make anyway.
Neat, huh?!!
Here are a few that I like using. You can check them out and see what you think:
Ibotta: I get cash back for most purchases.
Acorns: This one helps me save and invest.
Rakuten: These guys give you cash back on online purchases you make in over 3,500 stores.
3. Try Out Capital One Shopping
Now this is a tool I simply love! Capital One Shopping is not only free, but it also works in the background. So you don’t need to remember to use it every time.
If you want to find the best deals online and gift cards and coupons, you must install Capital One Shopping on your browser.
You will save a ton of money. Trust me on this one! It is by far one of my favorite and most clever ways to save money.
4. Create a Meal Plan
Have you ever found yourself at the grocery store buying things that weren’t on your list because they looked “interesting to try out?” I know I have!
I’m not saying you shouldn’t try new things and new recipes (what would life be without these little adventures?). I’m saying that meal planning will help you cut back on a lot of unnecessary expenditures when it comes to groceries.
Here’s why I meal plan:
It helps us avoid food wastage (leftovers are planned for)
Encourages a better diet
Saves money on impulse purchases at the grocery store
But most importantly, meal planning helps me save money and curb my spending habits on those nights I don’t know what my family will eat. I will already have a plan in place to help cut down on ordering in and eating out.
Check out my free printable meal plan!
5. Conduct a Personal Finance Audit
I know! I know! That sounds like what the IRS is for, but hear me out.
There are things you are paying for now that you either don’t need or don’t even remember that you are paying for unless you run a complete audit of your finances.
When was the last time you actually saw your husband reading that “Monster Trucks Forever” magazine that keeps coming in the mail?
How about you? Are you really going to visit all those vineyards someday? Then why are you paying for that subscription?
We often put so many little $1-a-month subscriptions on our cards because they seem important at the time, or a dollar a month doesn’t seem like that much. But they add up.
Run a quick audit on your bank statements to find out what you are paying for that you no longer use or don’t actually need, and cut it out.
These are just some creative ways I use to reduce our spending and save money. Saving money doesn’t have to be painful. You just need to find ways to reduce your living expenses (not necessarily lifestyle) and channel all that extra cash into your savings account.
Also see: How to get out of debt fast when you don’t have much money
How about you? What are some of your clever ways to save money?
Based on a recent study, the digital textile printer market is gaining momentum as advanced printing technology is increasingly adopted in home décor and furnishing applications
NEWARK, Del, July 13, 2023 (GLOBE NEWSWIRE) — As per Future Market Insights (FMI), the Global Digital Textile Printer Industry is estimated to reach US$ 2,212.9 million in 2023. Over the forecast period 2023 to 2033, global sales of digital textile printers are expected to rise at 9.8% CAGR. This is projected to take the total market valuation to US$ 5,304.3 million by 2033.
Growth in the market is driven by continuously changing fashion trends, a high need for advanced printing technologies, and increasing demand for customized & personalized home décor.
The market for custom textiles in the home décor and furnishing sector is experiencing rapid growth. Nowadays, people prefer fast fashion and exclusive products that can be customized and personalized according to their specific demands.
Customers are willing to pay premium prices and actively seek out platforms and brands that cater to their custom home décor needs. This trend is particularly evident due to the increasing purchasing power of Gen Z, who are more inclined towards online shopping.
There is a strong demand for printed materials used in furniture. Consumers are increasingly looking for personalized and one-of-a-kind home furnishings, including curtains, upholstery fabrics, bedding, and cushions. This, in turn, is encouraging the adoption of digital textile printers.
Download the Sample Report to Explore Other Factors Driving the Global Digital Textile Printer Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-17495
Digital textile printers have emerged as ideal printing solutions, allowing for customization by enabling the printing of specific designs, patterns, colors, and even photographs on a wide range of home textile products. This personalization capability is significantly fueling the demand for digital printing within the home interior market.
Consumers shift to online shopping is another key factor driving the global digital textile printer industry.
Today’s consumers have elevated expectations, seeking pleasant and personalized shopping experiences and affordable and high-quality clothing aligned with seasonal trends. Online shopping platforms fulfill these demands through attractive offerings, such as seasonal sales and diverse apparel selections.
The rising demand for fast fashion amplifies the importance of digital textile printers in the fashion sector, and the ongoing shift in customer preferences and choices toward online shopping is poised to accelerate market growth further.
Key Takeaways from the Digital Textile Printer Market Research Report:
The global digital textile printer industry is expected to reach a valuation of US$ 5,304.3 million by 2033.
Based on ink, the pigment segment is forecast to expand at a CAGR of 11.1% through 2033.
By printing process, the Direct-To-Garment segment is expected to hold a market share of around 50.2% in 2023.
By end use, the clothing & apparel segment is projected to reach a valuation of US$ 3,474.0 million by 2033.
The United States digital textile market value is anticipated to reach US$ 568.0 million by 2033.
Digital textile printer demand in India is predicted to rise at 8.8% CAGR during the assessment period.
“Growing concerns over sustainability in the printing sector have increased demand for digital textile printers. Digital textile printers offer design flexibility and faster production rates. As a result, they are being widely used globally. Key companies are looking to develop advanced printing equipment to expand their customer base.” – says a lead analyst at FMI
Receive a Customized Report for Deeper Insights: https://www.futuremarketinsights.com/customization-available/rep-gb-17495
Digital textile printing offers several advantages over traditional dyeing, starting with its ability to reduce waste and address the water pollution caused by dyeing, which is known as the second leading global water polluter.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
With a lower cost per print and the convenience of print-on-demand, fast production is possible, enabling profitability from orders of any quantity with just a single button push.
Digital textile printing provides designers with nearly limitless graphic and color capabilities, surpassing traditional printing technologies. This freedom allows designers to unleash their creativity and produce unique designs.
The benefits extend to the supply chain as well. Meeting production and shipping deadlines become easier with digital printing, thereby preventing overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Key Companies and Their Winning Development Strategies:
Following are the prominent Digital Textile Printer Manufacturers profiled in the report. The Tier 1 players in the market hold a 15% to 25% share in the digital textile printer industry.
Seiko Epson Corporation
Kornit Digital Ltd.
Durst Group Ag
Aeoon Technologies GmbH
J. Zimmer Maschinenbau GmbH
SPGPrints BV
Ricoh Company, Ltd
ATP COLOR S.R.L
Electronics For Imaging, Inc.
DCC Group
MIMAKI ENGINEERING CO., LTD.
Konica Minolta, Inc.
Mutoh Holdings Co. Ltd.
Dover Corporation
HP Inc.
Brother International Corporation
, and others are few
Leading companies focus on developing new digital textile printing machines with enhanced features. Further, they are implementing various strategies, including mergers, partnerships, acquisitions, etc., to gain profits.
Recent Development:
In Dec 2022, Metro NXT, a high-quality and high-speed digital textile printer, was launched by ColorJet Group at India ITME 2022.
Engage with Our Analyst for Expert Insights: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-17495
Global Digital Textile Printer Market by Category
By Printing Process:
Direct to Garment (DTG)
Dye-sublimation
Direct to Fabric (DTF)
By Ink:
Sublimation
Reactive
Acid
Disperse
Pigment
By Machine Type:
Single Pass Printer
Grand Format Printer
By Substrate:
Cotton
Silk
Rayon
Linen
Polyester
Polyamide
Wool
By Sales Channel:
By End Use:
By Region:
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan Countries
Baltic Countries
Middle East & Africa
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. From packaging materials and machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Explore Research Related Reports of Packaging:
Digital Printed Cartons Market Overview: As per the latest report by FMI, the digital printed cartons market is likely to witness growth at a CAGR of 6.5%-7% annually over the upcoming decade.
Digital Label Printing Market Growth: Global digital label printing demand is anticipated to be valued at US$ 10,538.3 Million in 2022, forecast to grow at a CAGR of 5.3% to be valued at US$ 17,662.6 Million from 2022 to 2032.
Digital Printing Packaging Market Demand: Global digital printing packaging demand is anticipated to be valued at US$ 17,760.7 Million in 2022, forecast to grow at a CAGR of 5.1% to be valued at US$ 29,206.9 Million from 2022 to 2032.
Digital Printing Paper Market Forecast: The growth in demand for digital printing paper is anticipated to remain steady for various reasons. The digital printing paper is used in various industries such as display packaging, food & beverages packaging.
Oceania Digital Textile Printer Market Segmentation: Recent market research reveals that the Oceania digital textile printer market is set to hit a valuation of US$ 98.4 million in 2023. It is expected to further expand at a CAGR of 4.3% over the forecast period 2023 to 2033.
About Us :
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 LinkedIn| Twitter| Blogs | YouTube For Sales Enquiries:[email protected]
The decline of Fort Morgan didn’t happen suddenly. There wasn’t a giant factory that closed or a natural disaster that devastated the small, farming town on the plains in the northeastern corridor of Colorado.
Instead, Fort Morgan’s story is a familiar one playing out across rural America: children moving away to find better jobs in the cities and big-box stores and online shopping leading to empty storefronts on Main Street. But this isn’t how the story ends for Fort Morgan, about an hour and 15 minutes northeast of Denver.
HGTV is turning its star power on Fort Morgan with the Season 2 premiere of “Home Town Takeover.” The show will feature its biggest name stars, including Ben and Erin Napier of “Home Town” and Dave and Jenny Marrs of “Fixer to Fabulous,” as they take on revitalization projects around town. The six-episode series is to premiere on Sunday.
The popular network has a strong track record of transforming struggling, down-on-their-luck, small towns and cities into popular tourist and real estate destinations. Several of these communities have credited the shows built around them for their turnarounds. Can HGTV and its talent re-create the magic in Fort Morgan—and perhaps inspire other struggling towns to invest in their own revitalizations?
“At the end of the day, millions of people are going to see this show,” Jenny Marrs tells Realtor.com®. “They’re going to be inspired either to go and visit Fort Morgan, which would be amazing and help the town as far as tourism, but also just be inspired to maybe do the same thing in their own town.”
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Watch: Exclusive: Is HGTV’s ‘Renovation 911’ the Most Dramatic Home Improvement Show Yet?
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Over the four months of filming for the show, the teams completed 18 projects. They included fixing up homes of local heroes, businesses such as the town’s bowling alley, and community spaces such as the downtown business district and a local park.
“Our town could use a jump-start,” says local artist Ann Iungerich. “The last 10 to 15 years, it’s gone through a slump. We could use a boost to get us back on track.”
Helping out on the projects were guest stars Jonathan Knight, star of HGTV’s “Farmhouse Fixer” and former vocalist for New Kids on the Block; rapper Lil Jon, who also has a show, “Lil Jon Wants To Do What?”; and Ty Pennington of “Rock the Block,” among others.
“These towns each have a special story,” says Jenny Marrs. She was most impressed by the people she met in Fort Morgan and how they rallied together to improve their community. “People stop, they say hello, they wave at you when you drive by, they know your name at the grocery stores. These sort of simple things can be really powerful.
“Families have lived in these small towns for generations. This is their family legacy and history,” she continues. “They shouldn’t have to move if we can help make the town viable again.”
The HGTV effect on real estate markets
The Texas city of Waco is perhaps the best example of the power of HGTV and its charismatic stars.
“Fixer Upper” premiered in 2013 and launched Chip and Joanna Gaines into the stratosphere. The couple built an empire off of that show, with a furniture line at Target, eight bestselling books between them, and even their own network, called Magnolia. But their greatest accomplishment might have been transforming the public image of Waco.
Before the popularity brought by the Gaineses, the city had been best known for a deadly standoff in 1993 between federal agents and a religious cult run by David Koresh. Now, tourists flock to the city to shop at the Gaineses’ stores and eat at their restaurant, Magnolia Table.
Average home prices in McLennan County, which includes Waco, surged almost 52.1% from 2015 to 2019, according to data previously provided by local real estate broker Camille Johnson. (“Fixer Upper” ran from 2013 to 2018 on HGTV. It was rebooted as “Fixer Upper: Welcome Home” on the Magnolia network in 2021.)
Before “Home Town” began filming in Laurel, MS, Mayor Johnny Magee flew out to Waco. He wanted to see the impact that “Fixer Upper” had on the struggling city.
“What we saw were tourists everywhere, and people were claiming that the same could happen in Laurel. We were doubtful,” says Magee. He didn’t realize how popular the show starring the Napiers would be when it premiered in January 2016.
Today, Laurel is booming. Its hotels and restaurants are full, home sales have risen as more people have moved here, and the town’s tax base has increased.
Home list prices surged in Laurel, shooting up 84.1% from July 2016 through July 2022, according to Realtor.com data. That’s compared with a 71.9% increase nationally and 60.8% in Mississippi over the same period.
“I am a native Laurelite who is amazed about what has happened since Ben and Erin Napier have begun the ‘Home Town’ show in Laurel. When the show began, downtown was like a ghost town,” says Magee. “What we have experienced has blown the minds of everyone who knew Laurel pre-‘Home Town.’”
Bentonville, AR, where “Fixer to Fabulous” is filmed, is a bit of an exception as it’s a city of more than 55,000 residents. It’s also the birthplace and headquarters of Walmart.
However, the Marrses have seen tourism tick up as a result of their show. There are now golf cart tours of the homes that have appeared on “Fixer to Fabulous.”
“It’s a powerful thing,” Dave Marrs says of the HGTV effect on Bentonville.
But there are a few downsides.
Home prices can rise as a result of being in the spotlight, say the Marrses. The number of properties for rent and sale is likely to drop even further as out-of-towners move in. That’s likely to make it harder for locals to find places. And those who grew up in the community might find themselves competing with deep-pocketed investors and retirees.
When home prices increase, property taxes can also rise. That was a substantial problem that homeowners in Waco experienced.
Fort Morgan’s already benefiting from ‘Home Town Takeover’
Since the news broke in July that the new season of “Home Town Takeover” would be filmed in Fort Morgan, commercial properties downtown have been selling quicker, says Brian Urdiales, a Fort Morgan councilman and Compass real estate broker.
“It isn’t typical to see three commercial properties on Main Street go onto the market and then close in a short time,” he says. “It would be great to see all the foot traffic and people on Main Street like when I grew up.”
Tourists have also begun to trickle in, says artist Iungerich, 61, a lifelong resident of the town. She submitted the town’s original application to be on the show when it launched just before the COVID-19 pandemic hit in early 2020. And she created an art installation that will be featured on the show: a 5-foot-tall bowling ball, a 9.5-foot-tall pin, and a crown, all placed in front of the local bowling alley.
The recent trickle of tourists is certainly something new for Fort Morgan, founded after an eponymously named military post opened in the mid-19th century along the South Platte River.
Today, the fort no longer remains and Fort Morgan is primarily a farming and ranching community of about 11,500 residents. There is a large Cargill beef processing plant, a mozzarella cheese processing facility, and a historic sugar factory.
The old railroad depot is boarded up, but folks can still catch an Amtrak train to Denver or into Nebraska. There are some restaurants, and the movie theater has recently been remodeled.
Fort Morgan has “the blue-collar jobs. They have the farming. They just didn’t have the draw to keep people there,” Dave Marrs tells Realtor.com. “So a lot of our focus was ‘Hey, you’re working here, stay here. Spend time here, spend money here so the town can develop even more.’”
Despite the town’s struggles, Fort Morgan’s real estate market has remained appealing to buyers priced out of more expensive parts of the state. During the pandemic, many Denver-area buyers came to Fort Morgan seeking more affordable properties, more space, and a more rural lifestyle. Homes sold briskly in a single weekend, often for over the asking price.
The real estate market has since come back down as higher mortgage interest rates are forcing many would-be buyers to the sidelines. Home list prices are mostly back to pre-pandemic levels, at a median of $330,550 in March, according to Realtor.com data.
Homes in Fort Morgan are still attracting buyers, especially as prices are about half of Denver’s median price tag of $663,000 and roughly $100,000 less than the national median of $424,500 in March.
“Our market’s always been pretty strong,” says Urdiales. He’s still seeing bidding wars, investors making all-cash offers, and first-time buyers jumping into the fray. “People are still buying.”
And the international exposure the town is about to receive is expected to be positive for the real estate market, especially as many viewers are working remotely and can live just about anywhere.
“It brings this aura of glamour to the small-town lifestyle,” says Jeff Engelstad, a real estate professor at the University of Denver. “You get on a million people’s radar, and you’re going to land a few of them.”
Home prices surge in Wetumpka after ‘Home Town Takeover’
Perhaps the best blueprint of what’s in store for Fort Morgan might be what happened in Wetumpka, AL. The small town was featured in the first season of “Home Town Takeover,” which premiered in May 2021.
As HGTV broadcast this small town into living rooms all over the world, the real estate market caught fire. Prices rose and homes flew off the market. Homes for rent or sale were scarce.
Home list prices in Wetumpka grew 42.3% from January 2021 through January 2023, according to Realtor.com data.
While some of that is due to the hot housing market during the pandemic, Wetumpka saw much larger run-ups in prices than the state or rest of the country. Over the same period, prices rose 26% in Alabama and 23.9% nationally.
The market has since slowed along with the rest of the nation, but some homes are still receiving multiple offers, says Wetumpka real estate broker Beverly Wright, of Re/Max Cornerstone Realty.
“It’s pretty crazy,” says Shellie Whitfield, executive director of the Wetumpka Area Chamber of Commerce. “We’re still building housing, and once the shovel’s in the ground, they’re sold.”
When she moved to Wetumpka in summer 2017, about 40% of the stores downtown were boarded up. Now, only two storefronts are empty and busloads of tourists visit the town’s new bookstore, ice cream parlor, pet store, and even a high-end olive oil and vinegar store.
“They sped us up about 15 years. It’s been really great,” says Whitfield. “They just catapulted us just far beyond anything anyone could have imagined.”
Whitfield is confident the show will have a similar effect on Fort Morgan.
“They definitely will see some impact because there is such a strong following for the show,” says Whitfield.
The Marrses want viewers to be inspired to take action to turn their own towns around.
“I hope that people watch this show and say we can do that,” Jenny Marrs says. “It’s a spark that gets the fire started.”
When my husband started using a virtual wallet, I was concerned. We share a joint credit card and I was bothered about the security side of carrying around credit card information on a cell phone. In my mind, paying for things with your cell phone seemed too easy and a bit dangerous.
Through a combination of reassurance from my husband and a significant number of Google searches on “are virtual wallets safe,” I began to feel more comfortable with the idea.
I know I’m not alone when it comes to questions about the safety of virtual wallets. So, let’s talk about it. What are virtual wallets and, most importantly, are they safe?
What’s Ahead:
What are virtual wallets?
A virtual wallet, sometimes referred to as an e-wallet, is an electronic wallet that lives on your mobile device. Virtual wallets can store all of your payment-related information including credit cards, debit cards, rewards cards, membership cards, and coupons, allowing you to pay for things electronically. No more trucking around your bulky wallet or disorganized purse.
Depending on the type of mobile device you use, you may have a virtual wallet already installed on your phone. For instance, iPhone users will have access to Apple Wallet. Other virtual wallets can be obtained by downloading an app onto your mobile device.
Virtual wallets vs. mobile wallets
The terms virtual wallets and mobile wallets are often used interchangeably. However, there is a difference. A mobile wallet is a type of virtual wallet that can be accessed by downloading an app on a mobile device like a smartphone or wearable watch.
A popular example of a virtual wallet is PayPal. However, when PayPal is used on a mobile device it can function as a mobile wallet.
Popular examples of mobile wallets include Apple Pay, Samsung Pay, and Android Pay.
Banks like Chase, even offer digital wallets. With Chase accounts, you can get Chase Pay®, which allows you to simply and securely use your phone to make payments.
What are the most popular virtual wallets?
There are a variety of virtual wallets available for you to choose from. Some of the most popular virtual wallets include:
Samsung Pay.
Apple Pay.
Android Pay.
Chase Pay.
PayPal.
Google Wallet.
Venmo.
Zelle.
You can also check out wearables that offer mobile payment options like Garmin Pay and Fitbit Pay.
From a global perspective, virtual wallets like Alipay and WeChat Pay which are both based in China, service millions and millions of users.
How do I use a virtual wallet to make a payment?
While each virtual wallet will vary, there are some general steps associated with using an e-wallet.
The first thing you’ll need to do is launch or install a virtual wallet app. Next, you will have to add a new credit card or debit card. To do this you can take a picture of your card or enter the details manually.
When you’re ready to make a payment, you will launch the app and then choose the credit or debit card you want to use.
When it comes to actually making the payment, most smartphones use a technology called near field communication (NFP). NFP allows you to simply hold your phone above the payment pad or tap the payment pad to pay for your purchase.
However, not all mobile devices are equipped with NFP. In this case, you can use a mobile wallet like PayPal. Instead of tapping your phone onto the pay pad, you use your mobile phone number and a pin to make your payment.
Are virtual wallets safe?
When I heard about virtual wallets my first question was, are they safe? It seemed a bit risky to be carrying around all of my payment information on my phone. I mean, what if I lost my phone? Then what? Could someone hack in and access my virtual wallet?
It was this fear and lack of trust that prevented me from using a virtual wallet for a long time. However, virtual wallets are arguably even safer to use than your regular plastic credit or debit cards.
First, digital wallets eliminate the potential to expose important information like your credit card number, your pin, or the CVV number on your credit card. When you pay for something with your digital wallet it uses a process called “tokenization.” This means that your sensitive info (like credit card numbers) is removed and replaced with a one-time-use number that is generated by an algorithm. So, none of your sensitive data is ever made public in any way. Unlike when you swipe or tap a credit card.
Second, all of your payment information is encrypted. When you add a new debit card or credit card to your virtual wallet the information is encrypted and stored in the cloud. Even if someone steals your phone they would need your fingerprint or your passcode to access your virtual wallet.
On the other hand, if you drop your wallet somewhere or get pickpocketed, your credit cards can be easily used and the information can be stolen.
Is it easier for hackers to access your virtual wallet vs. your credit/debit card?
While no payment option is 100% hacker-proof, a physical credit card is much more susceptible to being hacked than a card in your virtual wallet. As I mentioned above, digital wallets provide multiple layers of security that aren’t present when it comes to your plastic credit card.
A physical credit card presents more opportunities for thieves or hackers to get your information. If someone steals your credit card they can easily make a purchase online, or even in a store as many merchants don’t confirm that you are the actual cardholder.
A virtual wallet requires a more intense authentication process that involves a password or proof from a biometric marker (fingerprint, retinal scan). Not to mention that you have to be able to unlock the phone before you can even gain access to the virtual wallet. There are simply more security steps involved.
If you believe that your virtual wallet has been compromised or you’ve lost your phone, it’s easy to suspend all payments. For instance, with Apple Pay, if you put your phone into lost mode, it will automatically suspend all of your payment cards. This is much easier than having to call up each bank or financial institution to cancel your cards if you lose your physical wallet.
Additionally, when you use a virtual wallet on your phone you also have the option of installing apps that will help you to locate your phone. So, if it is stolen the thief will have to figure out how to open your phone, won’t be able to authenticate, and you will be able to track their location.
Is the money in your virtual wallet FDIC insured?
The Federal Deposit Insurance Corporation (FDIC) has been around since the 1930s. It’s their job to ensure stability and public confidence in the financial system. The FDIC insured all deposit accounts including checking, saving, money market deposit accounts, and certificates of deposit up to a standard amount of $250,000 per depositor, per insured bank.
When it comes to whether or not your virtual wallet is FDIC insured the answer is a bit murky. However, as a rule of thumb, if your money is stored within a non-banking institution then the money is not insured. For instance, PayPal and Venmo are not considered banking institutions, so any money stored in these apps is not FDIC insured. There are some exceptions including Google Wallet. According to Yahoo Finance!, as of 2015 money stored in Google Wallet became FDIC insured.
Before you assume that any funds stored in your mobile wallet are FDIC insured, make sure you thoroughly investigate.
The pros and cons of virtual wallets
Pros:
Security. Despite my initial reservations about the security of virtual wallets, security is actually one of it’s biggest benefits. Because virtual wallets eliminate the need to use credit card numbers, CVVs, or pins, it makes them impervious to hacking.
Convenience. With a virtual wallet, you no longer have to carry around a wallet or a purse. You will also never have to worry about forgetting a particular credit card or rewards card at home because they are all nicely organized on your phone.
Time-saving. Paying with a virtual wallet can also save you time. No more waiting for a salesperson to swipe your card or enter your number.
Contactless payment. Many virtual wallets eliminate the need to touch the germy buttons on a debit machine or pass your credit card from your hand to the merchant. It makes for a clean and touchless payment experience.
Cons:
Not universally accepted. One of the main challenges associated with using virtual wallets is that they aren’t accepted by all retailers.
Compatibility. Not all virtual wallets will accept all credit cards. While most mobile wallets are accepted by the big banks, some business credit cards might not be accepted. You can check with your bank or log onto the mobile wallet website to confirm which cards are accepted.
Trust. As I admitted, a lack of trust was the reason I put off using a virtual wallet. And, I know I’m not alone. While virtual wallets offer additional security over a credit card this is not necessarily the shared perception among all Americans.
Battery. Unlike a conventional purse or wallet, your phone requires battery power to be used. If your phone runs out of batteries while you’re shopping, you can’t make a purchase until you recharge.
Variability. Not all virtual wallets will allow you to store all of your card information. For instance, some e-wallets will permit debit and credit cards only while others will permit everything from credit cards to reward cards and airline tickets.
Who should use a virtual wallet?
Virtual wallets are available to anyone with a desktop or mobile device. However, when it comes to whether or not you should use a virtual wallet there are a few questions you can ask yourself to decide if it’s right for you.
Do you want to increase your security?
Virtual wallets provide additional security features that just aren’t available for plastic debit or credit cards. If you want encryption and multiple steps of authentication, then perhaps a virtual wallet is the right choice.
Do you value time savings and convenience?
If you enjoy online shopping, virtual wallets can save you a lot of time when it comes to paying for your purchases. No more time wasted on manually entering your credit card number, expiration date, and CVV code. I mean, we’re not talking days or weeks in time savings, but a few minutes here and there adds up over the long haul.
Are you always looking for your credit card?
A virtual wallet provides a single organized location for all of your payment information. So, if you’re someone who is constantly leaving your credit card in your coat pocket or forgetting to bring your rewards cards when you go shopping, a virtual wallet could help to keep you more organized.
Who shouldn’t use a virtual wallet?
While virtual wallets offer a number of perks, they aren’t necessarily the right payment tool for everyone. Here are a few additional questions to ask yourself to see if perhaps a regular old wallet or purse is a better option for you.
Do you feel comfortable with a virtual wallet?
While virtual wallets are growing in use, there is still a segment of Americans that don’t trust them. If you feel uncomfortable or unsafe using a virtual wallet then you shouldn’t. While virtual wallets are arguably safer than using a physical credit card or debit card, you should stick to using what you feel most comfortable with.
Are you very concerned with your privacy?
While a virtual wallet can add some additional security over a plastic credit or debit card, it also introduces some new privacy concerns. When you use your virtual wallet, retailers and financial institutions can potentially collect data on the types of purchases you are making. This can then be used to help retailers develop targeted marketing. I mean, this is already happening if you are using social media, but it’s something to be aware of.
Do you continually forget to charge your mobile device?
If you are notorious for walking around with a dead smartphone then maybe you should skip the virtual wallet. Bottom line, if your phone is dead you can’t pay for things.
Summary
Like any technology available for use, virtual wallets come with pros and cons. You will have to decide if the added security features and convenience outweigh any trust or privacy concerns that you might have.
It took me some time to become comfortable with the idea of using a virtual wallet. I was not one of the early adopters. I’m an old Millennial and I’ve been using physical debit and credit cards for decades. As a result, it took a lot of research and just trying it before I saw the perks. For me, the benefits outweigh the risks. But, it’s up to you to decide if a virtual wallet is right for you.
Buying new furniture can be an exciting way to personalize and update your home, whether your taste runs towards a sleek, modern look, a funky boho vibe, or anything in between. But furniture can be expensive, so you’ll likely want to shop at the right time to get the best possible deal.
When precisely that is will typically vary based on what you are hunting for. Indoor furniture may be on sale in the winter and summer, but outdoor pieces may be marked down at the end of summer and in the fall.
To help you save a bundle on your new furnishings, no matter what you may be looking for, read on for smart intel and advice.
When Is the Best Time to Buy Furniture?
The best time of year to buy furniture depends on which kind of furniture you’re talking about. Here are some rules of thumb to keep in mind as you redesign your living space.
Indoor Furniture
Like many other manufactured goods, sales on indoor furniture are dependent on the release of new pieces: when a showroom needs to make room for next season’s stock, they put the older stuff on sale. New furniture designs tend to be released in spring and fall, which means the best sales happen at the end of the winter and summer seasons.
So for indoor furnishings like beds and couches, shopping at your local furniture stores in January/February and July/August and paying special attention to any seasonal or holiday sales may offer decent savings on the cost.
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Outdoor Furniture
Outdoor furniture, on the other hand, tends to be released in the late winter and spring between February and April. Shoppers might consider the earlier part of that range the best time of year to buy furniture for outdoor spaces in plenty of time for the long, sunny days of summer.
However, furniture shops also generally want to have that stock off their floor by August, which means there are usually some great outdoor furniture sales to shop over the summer and particularly towards early fall.
Custom Furniture
Having a piece (or three) hand-built to your specifications can bring your interior design dreams to life. However, on-demand, custom-built furniture typically costs more and is less likely to go on sale the way ready-made furniture does.
That said, buying custom furniture can be better for your budget in the long run if it means you won’t be itching to change your furniture again in a couple of years — or if it means your furnishings are of higher quality and, hopefully, a longer life. Plus, buying custom designs from a small business, or even an individual crafter, can feel more rewarding than purchasing something from a big-box store.
Recommended: Budgeting for Basic Living Expenses
Furniture Shopping on Holiday Weekends
As is true of many major purchases, holiday weekends and annual sales can offer excellent opportunities to buy furniture on the (relatively) cheap. Some holidays that routinely bring furniture sales include:
• Presidents Day
• Memorial Day
• Fourth of July
• Labor Day
• Black Friday and other winter holiday sales events.
Many retailers offer regular sales in addition to these events, so it’s always a good idea to watch for promotions. Signing up for the store’s email newsletter can help keep you apprised of their ongoing sales events, and many dealers also offer clearance stock year-round that could be worth perusing.
Recommended: 25+ Tips for Buying Furniture on a Budget
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General Furniture-Buying Tips
No matter what time of year you shop for your furnishings, the following tips can help you find a good deal and get the most for the money you do spend.
You can also benefit from them if you’re budgeting to buy a house and putting in offers; you want to get the best possible price if you’ll be filling a home with new furniture.
Being Patient
Furniture — especially furniture you want to keep around for a decade or longer — is a big purchase. It’s worth waiting to find the right piece rather than dropping a bunch of money on one that’s only okay.
If you’re furnishing your new home for the first time and need something fast, consider visiting a local thrift shop or surfing Craigslist. You might be able to find an inexpensive, pre-owned piece that’s only temporary, but still workable — and won’t eat too much into your budget.
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Shopping Around
With so many design aesthetics and price points to choose from, furniture shopping is not a time for brand loyalty. You likely shop around for the best deals on groceries or when looking to switch bank accounts, so apply the same principle here. Shopping around at different dealers can help you find the best deal for your needs, but also give you more ideas and inspiration when it comes to creating a cohesive look for your home.
Recommended: Passive Income Ideas to Build Wealth
Consider Shopping Online
Online shopping for furniture can open a whole new world of color and design options. Some discount furniture retailers don’t offer physical storefronts, which can make shopping a little tricky. Choosing certain pieces of furniture, like couches and armchairs, for example, may be easier if you try them before you buy them.
Many online furniture retailers do offer return policies, which can help make your purchase less stressful, knowing that if it doesn’t work out, you’re not stuck with the product. And at online stores that do have brick-and-mortar locations, you could visit in person, try out a certain model, and then order online later, which may give you a better opportunity to compare the pieces you’re considering side-by-side.
Asking About the Warranty
Since furniture does tend to be a major expense, you want to make sure it’s built to last and has some guarantee to go with that. Many furniture sellers do offer warranties (just as some home warranties exist), and the fine print may also specify what the return policy is. In short, it’s worth getting familiar with.
💡 Quick Tip: When you feel the urge to buy something that isn’t in your budget, try the 30-day rule. Make a note of the item in your calendar for 30 days into the future. When the date rolls around, there’s a good chance the “gotta have it” feeling will have subsided.
The Takeaway
Shopping for furniture during certain times of the year can help you save money on a potentially expensive project like furnishing your home. When budgeting to buy a house, furnishings are just one of many things to save for, so it’s a goal that might take a backseat to expenses that are essential to homeownership, like the down payment and monthly mortgage, among others.
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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.
New Year’s resolutions don’t have to be reserved for diets and exercise. Sometimes the area of your life that really needs attention is your finances. As 2022 ends and 2023 begins, this is your opportunity to reset and reevaluate.
The new year is the perfect time to give your finances a boost. Here are my top 15 financial New Year’s resolutions that can help improve your financial health.
I’m jumping in with the big ones first…
What’s Ahead:
1. Start investing
While it may not be the easiest resolution on this list, investing is one of the best ways to build your wealth. If you don’t think that you have time to start investing, I get it. Investing can take time to understand. We’ve done our best to lay out the different investing methods in our article: How To Invest: Essential Advice To Help You Start Investing.
While it’s totally possible to invest without the help of an advisor, many of us are choosing the advisor route because, let’s be honest, it’s just so much easier. Remember that advisors also includerobo-advisors, which can help you decide what to invest in including when to buy and sell.
Read more: The Best Robo-Advisors
2. Build your emergency fund
When emergencies happen, you don’t want to be stuck without anemergency fund. Emergency funds can be lifesavers when unexpected challenges make their way into your life, like losing your job or getting into an accident, or a global pandemic.
So, if your emergency fund is non-existent at the start of the new year, it is time to change that!
To start, decide how much money you need in your emergency fund by calculating your monthly expenses. This should include not only your rent or mortgage but also your utilities and your basic expenses. Many financial experts agree that this should be at least three to six months’ worth of expenses, but it can’t hurt to overestimate how much money you would need in times of emergency.
If you need help calculating how much money you should save in your emergency fund, check out MU30’s handyemergency fund calculator to help you find your perfect number.
My husband and I like to keep our emergency fund in ahigh-yield savings account. These accounts allow us to access our savings quickly. Even better, high-yield savings accounts accrue interest at a higher rate than a traditional savings account, letting our money grow while it lies in wait.
Read more: Best High Yield Savings Accounts Compared
3. Pay off your credit card debt
If credit card debt is bogging down your financial success, why not make it a goal to tackle it in the new year?
Paying off your credit card debt is an important step in becoming financially healthy. If you don’t pay it off, you are doing a serious disservice to your credit score.
When searching for ways to pay off your debt, I recommend opening abalance transfer credit card. While it may sound counterproductive on one hand, these cards can help you consolidate your debt and even stop it from collecting interest for some time. That’s a big incentive right there!
Read more: How To Pay Off Credit Card Debt Fast – The Smart Way
4. Start a budget and track your expenses
If you don’t already have one, you need a budget. Creating and sticking to one could be the single best thing that you do for your finances in the new year. Budgets force you to take a hard look at the money that you bring in, the money that you shell out, and the money that you may owe.
If you have never followed a budget before, the thought of starting one can be daunting. The truth is, budgets can be incredibly freeing. Once you get used to following your budget, you can begin finding ways to free up cash to put towards your future.
Read more: How To Make A Budget: Our Step-By-Step Guide To Managing Your Money
5. Pay off your student loans
Student loan debt is one of the nation’s largest consumer debts and if you have it, you know just how painful it can be. Wouldn’t it be nice if you could get rid of your student loan debt altogether? Well, depending on how much you have, 2023 could be the year that you make it possible!
Making a plan to pay off your student loans is all aboutgetting organized. Knowing who you owe, how much you owe, and how you will afford to pay off your loans should be your first priority.
If you are having trouble trying to fit your student loan payment into your budget, it’s worth it to give your lender a call. Often, you can work outincome-driven repayment plans or deferments that can lessen the financial blow of your current loan payments.
Read more: Income-Based Repayment: Should You Do It?
6. Open a retirement account or fine-tune your existing one
When you are young,saving for your retirement probably sounds like the least exciting thing that you can do with your money. The truth is, the sooner that you start, the more secure you will be when your retirement comes. Investing in your retirement means that you are investing in your future.
If you’re employed, a quick conversation with your boss or human resources department can help you find out if your employer offers retirement accounts like 401(k)s or 403(b)s. Often, employers who have them will match a percentage of your annual contributions. This match is like an extra bonus from your employer that you don’t collect until retirement.
If your employer does not offer retirement accounts or you’re self-employed, you still have options for saving for your retirement.IRAs, or Individual Retirement Accounts can be opened by anyone.
Read more: The Beginner’s Guide To Saving For Retirement
7. Build your credit
If you are going into 2023 without any credit, it’s time to start building some. The credit system was put in place as a way to give future lenders and creditors information about potential borrowers. This allows them to make an informed decision and weigh the risks of loaning money to you.
If you haven’t built your credit, you could find yourself regretting it when you want to finance a car or even buy a house. Most lenders will not give out loans to people with poor credit and if you’re lucky enough to find one that does, your interest rates are often through the roof!
Taking out a loan with acosigner or becoming anauthorized user on your parent’s credit card can help you get started. Personally, I began building my credit with asecured credit card. When you get a secured credit card, you’ll need to put down a deposit, which then becomes your line of credit.
The OpenSky® Secured Visa® Credit Card is unique among secured cards in that they won’t run your credit when you apply, giving even those with no credit the ability to qualify.
Read more: Best Secured Credit Cards
8. Create a will
Don’t be fooled into thinking that having a will is just for old people. If you don’t have a will already, making it one of your New Year’s resolutions could benefit you and your family. Without one, in the event of your death, yourstate’s laws will determine who takes ownership of your assets and property.
If you’re wondering if you really need a will, the answer is probably a resounding yes. Most importantly,wills are strongly recommended for those who have children, have a spouse, or have a positive net worth. Having a will protects your family and your assets, something that all of us can agree is important.
If you don’t have a will, don’t put it off!
Read more: Do I Need A Will? Who Needs A Will (And When)
9. Spend less money
Everyone wants to save money, right? One of the best ways to do that is toconsciously spend less of it. While it is easier said than done, spending less money in 2023 is doable with a few tweaks to your spending habits.
To begin spending less money, I recommend this: take a hard look at your budget and try to find spending categories that you can cut back on. Lessening, or even getting rid of, spending categories allocated towards things like coffee runs and eating out could save you a significant amount of money each month.
Here are a couple more of my favorite ways to save:
Find a better deal on cell phone service. Cell phone services can be expensive. If you haven’t shopped around lately, give it a try. Many cell phone service companies will work hard to beat their competitors and will often beat your current rate!
Learn how to clip coupons. Clipping coupons is an easy way to save money at the grocery store and beyond. Often found in local circulars and newspapers, using coupons can add up to some significant savings.
Make a grocery list. Grocery lists can keep you on track financially in the midst of temptation, saving you from overspending on snacks and unneeded ingredients.
Make coffee at home. Coffee runs add up quickly, but it would be hard to get through the workweek without it. Instead of running to the coffee shop, try making coffee at home and bringing it to work in an insulated thermos.
Bring lunch to work. If you areeating out for lunch every day, your finances are more than likely feeling the pressure. Why not try giving them a break and pack last night’s leftovers instead?
Have date nights at home. Date nights can be an important part of staying connected with your partner and you shouldn’t have to sacrifice them. Finding alternative date night ideas, like cooking dinner together at home, can help you rack in the savings.
Try a meal delivery service.Meal delivery services will deliver pre-portioned ingredients and easy-to-follow recipes straight to your door. Home Chef is just one option, offering meals that take as little as five minutes to prepare. Plus, whether you’re looking to cut back on meat, carbs, calories, or more, Home Chef has options for you.
Cut back on subscriptions – We live in a world overrun by subscription services. It can be easy to sign up for a bunch and then never use half of them.
10. Save money on insurance
Protecting the ones you love is always a priority. In 2023, why not make it a goal to do so, while also keeping more of your hard-earned money in your bank account? I’ve found that one of the best ways to do this is by saving money on insurance.
11. Define your long-term financial goals
Sometimes you get so caught up in your present financial situation that you forget to plan for the future. Setting long-termfinancial goals is an exciting way to keep yourself on track and to ensure that your money is working for you.
Long-term financial goals vary depending on the person and the state of their finances. These goals could include saving for retirement, a downpayment on your future home, or even saving for that trip that you have always wanted to take. After you have defined your financial goals, it is time to start planning for how and when you will reach them.
I like to organize my long-term financial goals into my monthly and yearly household budget. This allows me and my husband to aggressively work towards our goals.
12. Track your expenses
Implementing this habit in my household was easy. My husband and I decided to ask for receipts with every purchase, ensuring that we don’t miss any expenses. After making a purchase and returning home, we began recording the totals on our receipts into monthly spending categories. These include areas of spending like groceries, entertainment, and gas.
Knowing how much we spend each month allows us to not only make a more accurate budget but also plan for the future. Keeping track of your expenses gives you a reference to look back at when creating a budget, including utility bills that may change due to the seasons.
If you have a mortgage, chances are that you would like to get rid of it. Well,making extra principal mortgage payments in 2023 could help you be free from it faster!
Those who can afford to put extra money towards their mortgage, but don’t, are missing out on some major savings. If you pay your mortgage for the life of your original loan, you could end up paying nearly as much in interest as you do for your home itself.
For example:
A $150,000, 30-year mortgage with an interest rate of 4.5% will cost a total of $273,610 by the end of thirty years. This means that $123,610 of your payments have been made towards interest.
If you take the same mortgage, but pay an extra $100 monthly, you would save $29,723.18 and shorten your loan by six years and four months.
If you want to make paying down your mortgage a priority in 2023, simpleloan pay-off calculators can help you figure out how much extra money you would like to put towards your mortgage.
You could also consider refinancing your mortgage, which can provide you with a much better interest rate, which, in turn, can lower the total cost of your loan.
14. Save money with money-making and reward apps
What if I told you that you are throwing money out the window every time that you shop online? If you are shopping without a cash back app, this is most definitely true for you! And since most of us have resolved to online shopping, this extra money could be adding up quickly!
To remedy this, I like to use a cash back app. Not only do cash back apps help you save money, but they can help you make money, too!
If you are looking to save, or make, money, Swagbucks may be a great choice for you. In fact, it is the internet’s leading rewards site! For users who are hoping to save money, I recommend installing Swagbucks browser extension, the “SwagButton.”
15. Get your taxes done early
Tax season is coming and there is no need to stress about it. Getting yourtaxes done early in 2023 can help put your mind at ease and save you from taking an extra trip out of the house. You may even find yourself with your return in hand faster than if you wait until closer to the deadline!
Filing taxes can be complicated. Luckily, there are great tax preparation companies that can help make filing a breeze and answer many of your tax questions – you can find a list of our favorites here.
Summary
The end of 2021 is fast approaching and it’s time to start thinking about the resolutions that you’ll make for 2023. While many of us – myself included – typically resolve to follow a healthier lifestyle, we sometimes forget to think about our financial health.
As 2021 comes to a close, start thinking about what you can do to make your finances stronger, because we never know when a financially challenging year will hit again.