Living in Louisville, KY means experiencing the excitement of the Kentucky Derby, indulging in delicious southern cuisine, and enjoying the beautiful waterfront parks along the Ohio River. With its friendly residents and affordable cost of living, Louisville offers a welcoming and unique atmosphere for anyone looking to make a new home in the Bluegrass State. If you’re wondering, “Should I move to Louisville, KY?” you’re in the right place. This article will guide you through 11 pros and cons of living in Louisville that can help you decide whether or not it’s the right place for you. Let’s get started.
Louisville at a Glance
Walk Score: 34 | Bike Score: 43 | Transit Score: 27
Median Sale Price: $230,000 | Average Rent for 1-Bedroom Apartment: $1,103
Louisville neighborhoods | houses for rent in Louisville | apartments for rent in Louisville | homes for sale in Louisville
Pro: Dynamic arts and culture scene
Louisville is home to a thriving arts and culture scene, with numerous art galleries, theaters, and music venues. The city hosts the annual Kentucky Derby Festival, which brings in artists and performers from all over the world. Residents can enjoy a wide variety of cultural events and experiences, from the annual Forecastle music festival and theater performances to art exhibits and film festivals.
Con: Humid summers
One of the downsides of living in Louisville is the sweltering summers. The city experiences high humidity levels during the summer months, which can make the heat feel more intense. Because of this, the city ranks in the top 10 for U.S. cities most at risk of extreme heat. Residents may find it uncomfortable to be outdoors for extended periods of time, and the humidity can also lead to increased air conditioning costs.
Pro: Affordable cost of living
The cost of living in Louisville is 3% lower than the national average. Additionally, the median sale price for homes in the area is about $200,000 less than the national average. This allows many residents to enjoy a good standard of living without breaking the bank. The low cost of living makes Louisville an attractive option for individuals looking to stretch their budget.
Con: Limited public transportation options
With a low Transit Score of 27, another drawback of this city is the limited public transportation options. While the city does have a bus system, it’s not as extensive or convenient as in other major cities. This can make it challenging for residents who rely on public transportation to get around the area.
Pro: Plenty of green spaces
Louisville is surrounded by beautiful natural landscapes, providing residents with ample opportunities for outdoor recreation. The city is located next to the Ohio River and is home to several parks and nature preserves, including Cherokee Park, Waterfront Park, and Boone Square. Outdoor enthusiasts can easily escape the urban environment and enjoy the beauty of the surrounding area.
Con: Limited diversity in dining options
While Louisville has a growing food scene, some residents may find the diversity in dining options to be limited compared to larger cities. The culinary scene may not offer as wide a range of international cuisines, and residents may find themselves craving more variety in their dining experiences.
Another pro for Louisville is the strong sense of community that residents experience. The city is known for its friendly and welcoming atmosphere, with tight-knit neighborhoods and a strong spirit of volunteerism. One notable event is the “Give A Day” week of service, organized by Louisville Mayor Greg Fischer, which encourages residents to engage in acts of kindness and volunteerism throughout the city. During this week, numerous service projects are organized, ranging from park clean-ups and food drives to educational workshops and community outreach initiatives.
Con: Extreme weather events
Louisville is prone to extreme weather events, including thunderstorms, tornadoes, and occasional flooding. Residents may need to be prepared for severe weather conditions and take precautions to ensure their safety. The unpredictability of the weather can be a concern for some individuals, especially those who are not accustomed to such conditions.
Pro: Highly-ranked healthcare facilities
Louisville is home to several top-notch healthcare facilities, including Baptist Health and Norton Healthcare hospitals. Residents have access to quality healthcare services and specialists, ensuring that their medical needs are well taken care of. This can provide additional peace of mind for individuals living in the city.
Con: Intense allergy season
Allergy season is something to consider when asking yourself, “should I move to Louisville?” The allergy season can be particularly challenging for those sensitive to pollen and other allergens. The city’s lush greenery and blooming flowers can exacerbate allergy symptoms for some residents, especially during the spring and early summer months.
Pro: Historic architecture
Louisville harbors a rich history and stunning architecture, with many historic buildings and landmarks scattered throughout the city. Residents can explore the Old Louisville historic district, visit famous museums like the Louisville Slugger Field Museum, or take guided historic tours to learn about the city’s past. While strolling through the area, you’ll notice the architecture reflects a blend of styles, from Victorian homes to modern skyscrapers, adding to the city’s charm.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Yuma is a city with a mix of historical significance, natural wonders, and agricultural prowess. Often recognized for its sunny weather, Yuma is an excellent destination for travelers and a warm home for locals.
Yuma is not just a spot on the map, but a living museum and an outdoor enthusiast’s playground, offering a ton of activities and sights that just can’t be found elsewhere. From its days as a Wild West outpost to its current status as a powerhouse of domestic lettuce production, Yuma’s multifaceted identity is sure to surprise and delight.
Whether you’re a history buff, an outdoorsy type, or someone in search of an apartment somewhere warm, Yuma has what you’re looking for. Join us as we uncover ten of the top things this scenic city is known for.
1. Yuma Territorial Prison
The Yuma Territorial Prison, which opened in 1876, is a must-visit landmark that provides a glimpse into the Wild West’s rugged history. Today, it operates as a museum where visitors can explore the original cell blocks, guard towers, and gates. This once-feared prison held some of the most notorious outlaws in the American West.
2. Colorado River
Flowing gracefully alongside Yuma, the Colorado River adds a layer of depth to the city. It’s a popular spot for a variety of water activities like fishing, boating, and kayaking. The river’s banks are solid picnic spots and are surrounded by trails for biking and walking. The Colorado River provides a refreshing natural oasis in the desert landscape, inviting locals and visitors to enjoy its beauty in peace.
3. Lettuce Fields
Yuma proudly holds the title of the “Winter Lettuce Capital of the World.” The city’s agricultural fields stretch as far as the eye can see, with a significant portion dedicated to growing crisp, green lettuce. During the harvesting season, the fields are full of activity. Tours are available for those interested in learning about the farming practices and the immense scale of production that feeds a substantial portion of the United States during winter.
4. Yuma Medjool Date Festival
Celebrating one of the region’s sweetest harvests, the Yuma Medjool Date Festival is an annual event that showcases the versatility and importance of dates in Yuma’s agriculture. The festival is not only a testament to the local community’s hard work but also an experience that is ultra unique to Yuma.
5. Historic Downtown
Yuma’s historic downtown area is a charming combination of the old and the new. With buildings that date back to the late 1800s, the area is home to a variety of shops, restaurants, and cafes. Main Street is often bustling with activity, hosting farmers’ markets and cultural events that bring the community together. This historic district offers a cozy, small-town feel amidst its desert surroundings.
6. Sanguinetti House Museum and Gardens
The Sanguinetti House Museum and Gardens provide a welcome escape in the heart of Yuma. This late 19th-century home was once the residence of E.F. Sanguinetti, a prominent local merchant. Today, it serves as a museum showcasing Yuma’s history and culture. The lush gardens surrounding the house are a beautiful example of what can bloom in the desert with a little care and effort.
7. Imperial Sand Dunes
Just a short drive from Yuma, the Imperial Sand Dunes are a breathtaking natural wonder. This vast expanse of golden sands is a favorite among off-roaders and filmmakers alike. The dunes offer a dramatic landscape for photography, hiking, and dune buggy rides. Visiting the Imperial Sand Dunes feels like stepping onto another planet, providing an unforgettable adventure.
8. Gateway Park
Situated along the banks of the Colorado River, Gateway Park is a family-friendly spot with sandy beaches, picnic areas, and playgrounds. It’s the perfect place for a day out with the family.
9. Yuma Art Center
The Yuma Art Center is a beacon of creativity in the community. It’s a place where local artists and artisans can showcase their work, and art enthusiasts can immerse themselves in the local culture. The center’s commitment to fostering artistic expression makes it a vital part of Yuma’s culture.
10. Yuma Crossing National Heritage Area
Yuma Crossing National Heritage Area tells the story of the region’s development and its significance in American history. This area includes several historical sites and parks that highlight Yuma’s role as a strategic crossing point over the Colorado River. The heritage area not only preserves important landmarks but also educates visitors on the pivotal moments and figures that shaped the American Southwest we know today.
Have you ever wondered, “Should I move to Chicago, IL?” Living in the Windy City is like being in a giant playground with endless adventures around every corner. The city is famous for its vibrant arts scene, diverse neighborhoods, and passionate sports fans. From the towering skyscrapers that touch the clouds to the deep-dish pizza that’ll make your taste buds dance, Chicago is truly one-of-a-kind.
Whether you’re exploring the museums, taking a stroll by Lake Michigan, or cheering at a baseball game, Chicago has a unique way of making everyone feel at home. In this article, we’ll discuss 11 pros and cons of living in Chicago to help you decide if it’s the right place for you. Let’s get started.
Chicago at a Glance
Walk Score: 77 | Bike Score: 72 | Transit Score: 65
Median Sale Price: $335,000 | Average Rent for 1-Bedroom Apartment: $1,835
Chicago neighborhoods | houses for rent in Chicago | apartments for rent in Chicago | homes for sale in Chicago
Pro: Rich historical heritage
Chicago’s rich historical heritage is evident in its architecture, museums, and landmarks. The city played a pivotal role in the development of skyscrapers, and a walk through its downtown area reveals architectural marvels like the Willis Tower and the John Hancock Center. Chicago’s history is also preserved in institutions like the Chicago History Museum and the DuSable Black History Museum, offering residents and visitors the opportunity to deep dive into the city’s past.
Con: Harsh winters
One of the most challenging aspects of living in Chicago is its notoriously harsh winters. Temperatures can plummet well below freezing, and the city often experiences heavy snowfall, ice storms, and biting winds that come off Lake Michigan, making it feel even colder. These conditions can make daily commutes and outdoor activities quite daunting from late November through March.
Pro: Outstanding dining and culinary scene
Chicago’s dining scene is second to none, offering a diverse array of culinary experiences that cater to all tastes and budgets. From the legendary deep-dish pizza to Michelin-starred restaurants like Alinea and Chicago Cut Steakhouse, the city’s food landscape is rich and varied. Chicago is also home to a thriving street food scene, with food trucks and pop-up markets offering everything from gourmet sandwiches to international delicacies.
Con: Traffic congestion
Chicago is notorious for its heavy traffic congestion, especially during rush hours and peak travel times. The city’s extensive network of highways, streets, and intersections can become gridlocked, leading to frustrating delays and longer commute times for residents and commuters. This congestion is exacerbated by ongoing road construction projects, lane closures, and infrastructure repairs, which further disrupt traffic flow and contribute to traffic-related stress. For example, the Kennedy Expressway, one of the busiest highways in the city, experiences frequent congestion, causing significant delays for drivers traveling to and from the downtown area.
Pro: Extensive park system
Chicago is renowned for its extensive park system, offering residents and visitors alike a green escape within the urban environment. The city’s crown jewel, Grant Park, hosts the iconic Buckingham Fountain and provides a stunning backdrop to the Chicago skyline. Additionally, the 18-mile-long Lakefront Trail offers unparalleled access to beaches, parks, and recreational activities along Lake Michigan, making it a favorite among outdoor enthusiasts.
Con: High cost of living
The cost of living in Chicago is 14% higher than the national average. Rent and real estate prices in desirable neighborhoods can be steep, making it challenging for some residents to find affordable living spaces. Additionally, the city’s sales tax is one of the highest in the nation, which can further strain budgets, especially for those already struggling with the high costs associated with urban living.
Pro: Diverse neighborhoods
One of Chicago’s greatest strengths is its diversity, reflected in the city’s wide array of neighborhoods, each with its own unique character and cultural heritage. From the historic architecture of the Gold Coast to the vibrant murals of Pilsen, Chicago’s neighborhoods offer a mosaic of experiences. This diversity fosters a rich community life where various cultural traditions and cuisines are celebrated, making it a fascinating city to explore and live in.
Con: Seasonal allergies
For those sensitive to seasonal changes, Chicago’s diverse plant life and weather patterns can trigger significant allergy symptoms. Spring and fall are particularly challenging times for allergy sufferers. The city’s abundant parks and green spaces contribute to higher pollen counts. This can be a minor inconvenience for some but a major health issue for others, affecting their ability to enjoy the city’s outdoor amenities.
Pro: Vibrant arts and culture scene
Chicago boasts an incredibly vibrant arts and culture scene that is hard to match. From the world-renowned Art Institute of Chicago, which houses masterpieces spanning centuries. To the eclectic music scene that has birthed genres like Chicago blues and house music, the city is a haven for art lovers and musicians alike. The city also hosts numerous festivals throughout the year, including the Chicago Jazz Festival and Lollapalooza, drawing in crowds from all over the globe.
Con: Noise pollution
Should I move to Chicago if I like peace and quite? Maybe not. As a bustling metropolis, Chicago experiences a significant amount of noise pollution. From the constant hum of traffic to the sounds of construction and urban development, noise is a constant presence. This can be particularly challenging for those living in denser neighborhoods or near major roads.
Pro: Access to world-class healthcare
Residents of Chicago have access to some of the best healthcare facilities in the country. The city is home to top-ranked hospitals such as Northwestern Memorial Hospital and the University of Chicago Medical Center. Each of which are renowned for their research, specialty care, and medical education programs. This access to high-quality healthcare is a significant advantage for those living in and around Chicago.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Moving into an apartment with roommates is never a simple task. For starters, space is almost always hard to come by. Then comes the difficult task of keeping that limited space organized. It’s easy for an apartment to devolve into a cluttered mess if you aren’t intentional about keeping it in order.
To prevent this, here are some tips for how to keep your apartment organized while living with roommates. Whether you‘re renting a house in Houston or moving into an apartment in Seattle, these tips from ApartmentGuide and experts will help you and your roommates coexist and stay organized.
1. Utilize versatile furniture
“Don’t underestimate the power of furniture that does double duty,” says Melanie Summers, owner of I Speak Organized. “A coffee table that doubles as a storage ottoman is a game-changer for keeping board games or cozy throws out of sight but close at hand.
Or how about a bookshelf that transforms into a desk? It’s perfect for those days when you need to switch from relaxation mode to work mode in a snap. These clever pieces of furniture are not only practical for saving space but they also add a fun and creative touch to your apartment, making staying organized feel like a breeze.”
2. Organize shared expenses
Manage shared expenses such as rent, utilities, and groceries efficiently to avoid conflicts and financial strain. Consider using apps or platforms designed for splitting bills to track expenses and ensure that everyone pays their fair share on time.
3. Create a shared calendar
Keep track of everyone’s schedules by creating a shared calendar. Whether it’s a physical wall calendar or a digital one accessible to all roommates, noting important dates, events, and responsibilities ensures that everyone stays informed and can plan accordingly.
4. Divide chores fairly
Establish a system for dividing household chores that feels equitable to everyone. Whether you rotate tasks weekly, assign specific duties based on individual preferences or abilities, or use a chore chart, clear expectations help prevent resentment and ensure that responsibilities are evenly divided.
5. Designate personal spaces
While shared living spaces foster camaraderie, it’s essential to respect each other’s need for privacy and personal space. Designate specific areas or shelves for each roommate to store their personal belongings, minimizing clutter and confusion.
“I am a huge believer in cubby systems,” says Beth Blacker, founder of It’s Just Stuff, a Boulder, CO-based home organizer. “They are great for anyone whether living with others or not. But in houseshare situations, I think they are definitely the key to keeping certain things contained and hidden but still readily available for each housemate. Many of the bins that fit into the cubbies have slots to insert a label to identify the owner and what is actually in the bin.”
6. Implement a cleaning schedule
Maintain a clean and tidy living environment by implementing a regular cleaning schedule. Determine how often common areas such as the kitchen, living room, and bathroom should be cleaned, and establish guidelines for keeping them tidy. Rotating cleaning duties among roommates ensures that no one person does all the work.
7. Set boundaries and respect each other’s space
Set clear boundaries regarding noise levels, guests, and personal items. Respect each other’s need for quiet time, privacy, and personal possessions to create a harmonious living environment where everyone feels comfortable and valued.
8. Establish clear communication channels
Communication is the cornerstone of any successful roommate arrangement. Set up regular meetings or establish a group chat where everyone can discuss important issues, such as chores, bills, and house rules. Open and honest communication helps prevent misunderstandings and creates a sense of accountability among roommates.
“To stay organized with a roommate, schedule a regular time to communicate about household issues,” advises Dara Zycherman, owner of Less Equals More. “Address problems before they begin and clarify roles and responsibilities, like who cleans what and who takes out the trash.”
9. Utilize vertical space
Maximize your apartment’s storage potential by utilizing vertical space. Install shelves, hooks, or hanging organizers on walls to store items like coats, bags, and kitchen utensils. This not only frees up floor space but also keeps commonly used items easily accessible.
10. Utilize storage solutions
Maximize space and cut down on clutter with smart storage solutions. Invest in storage bins, shelves, and organizers to keep shared spaces neat and organized. Encourage roommates to label their belongings and maintain a clutter-free environment for peace of mind.
11. Create a cleaning schedule
Develop a rotating cleaning schedule that assigns specific tasks to each roommate on a weekly or monthly basis. This ensures that cleaning duties are evenly distributed and helps prevent conflicts over who’s responsible for what. Be flexible and willing to adjust the schedule as needed.
Living with roommates can be a rewarding experience when approached with patience, respect, and organization. By implementing these 11 tips, you can create a harmonious living environment where everyone feels valued, respected, and organized. Effective communication, clear expectations, and mutual respect are the keys to successful cohabitation with roommates.
The main differences between checking and savings accounts is that checking accounts are for spending and come with a debit card and checks, while savings accounts are a place to stash and grow your money via interest earned but your access may be more limited. These two kinds of financial products can form the foundation of how you manage your money day to day.
Read on to learn what the difference between a savings and checking account is, how they are the same, and the role each plays in your financial life.
Key Points
• Bank transfers move money from one bank account to another.
• These can be done by online transfers, checks, peer-to-peer services, wire transfers, third-party companies, or bank-to-bank money transfer services.
• There may be limits on how many bank transfers you can do in a specific time period and the dollar amount.
• The time it takes to complete a bank transfer may vary with the method.
Quick Comparison of Checking vs Savings Accounts
To help you understand the difference between checking and savings accounts, here is a chart summarizing some key points.
Checking Account
Saving Account
Fees
Varies
Varies
Interest earnings
Minimal (if at all)
Yes
Debit card access
Yes
No
Check writing capabilities
Yes
No
Withdrawal limits
None
May be capped at 6 per month
Maintenance fees
Varies
Varies
Minimum opening balance
Varies
Varies
Best used for
Spending
Saving
There are similarities when you compare checking vs. savings accounts, such as varied minimum opening deposits, maintenance fees, and other monthly fees. Also, both kinds of accounts are typically insured by the FDIC (Federal Deposit Insurance Corporation) or NCUA (National Credit Union Administration), which can give you peace of mind.
That said, there are also three major points of difference between checking and savings accounts: how account holders access their money, withdrawal limits, and interest earnings.
💡 Quick Tip: Make money easy. Open a bank account online so you can manage bills, deposits, transfers — all from one convenient app.
Three Major Differences to Know
Consider these three important ways that checking vs. savings accounts can differ.
Interest Earnings
When it comes to earning a bit of a return on an online bank account, savings accounts typically offer a higher interest rate than checking accounts. In many cases, checking accounts aren’t interest-bearing, meaning no interest is earned at all. Interest rates for savings accounts vary. The current average is 0.46% APY (compared to a current average of 0.07% APY for checking accounts), according to the Federal Deposit Insurance Corporation, or FDIC. That said, you probably will find higher rates at online banks instead of bricks-and-mortar ones, with rates ranging from 4.35% to 5.15%. By not having physical locations, online banks save money and can pass savings onto their customers.
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Liquidity
Here’s a key difference between a savings and checking account: Checking accounts are usually used by account holders to access their cash frequently, whether paying monthly bills or buying a latte. Checking accounts generally include a debit card, which can be used for purchases or ATM withdrawals. Checks, while not as popular as they once were, are also typically provided.
Savings accounts, on the other hand, don’t usually come with debit cards. Some financial institutions offer an ATM card for deposits and withdrawals to a savings account. Similarly, they lack checks. This reinforces the idea that these accounts are not for spending.
Withdrawal Limits
Checking accounts allow unlimited withdrawals, whereas savings accounts may only allow up to six per month. After that point, the transaction could be denied or the account holder charged a penalty. The bank might even convert the savings account into a checking account.
However, in April 2020, the Federal Reserve lifted this limitation of six transactions imposed through Regulation D. Financial institutions are no longer required to limit savings account withdrawals or transfers to six per month, but some may continue to do so. Check with your financial institution to learn the full story.
What Is a Savings Account?
A savings account is an account held at a financial institution such as a bank or credit union, and its primary purpose is to store your funds safely. Most savings accounts allow the account holder to earn interest on the account balance.
A few points to note:
• Savings account rates are generally higher than those offered with checking accounts (if those pay any interest at all). For this reason, they can be a good option as a savings vehicle for money that the account holder doesn’t need to access frequently.
• Common uses for savings accounts are emergency funds, short-term savings goals, and funds for occasional expenses. The cash can accumulate in the savings account and have an opportunity to earn interest.
• As mentioned above, banks can still impose a per-month transaction limit on savings accounts — they’re just not required to by the Fed anymore. There could be fees imposed on these excess transactions, which can add up.
• Some financial institutions may automatically close an account holder’s savings account or convert the savings account to a checking account if too many withdrawals are made each month on a regular basis.
• Other financial institutions don’t charge a maintenance fee or require account holders to maintain a minimum account balance, although they may require a minimum deposit to open an account. It’s wise to check with your financial institution to make sure you understand the ground rules.
💡 Quick Tip: Most savings accounts only earn a fraction of a percentage in interest. Not at SoFi. Our high-yield savings account can help you make meaningful progress towards your financial goals.
Benefits of Savings Accounts
Here are some of the upsides of opening and maintaining a savings account:
• Savings accounts are low-risk, which means you are unlikely to lose money. Rather, you are likely to make money, thanks to interest, especially when that interest compounds.
• Interest is a plus. By shopping around for high-yield accounts, you may be able to grow your money without the volatility of investing in, say, stocks.
• Savings accounts are usually insured by the FDIC for up to $250,000 per account holder, per account ownership category, per insured institution. In the highly unlikely event of your bank going out of business, you’d be covered. What’s more, some banks participate in programs that extend the FDIC insurance to cover millions1.
• Easy access is another plus. Unless term or time deposits, in which your money can be locked up for a specific period of time, savings accounts allow for easy withdrawal of your funds.
• Peace of mind can come with savings. Having a savings account can help you feel more secure as you work toward your financial goals. For instance, you’ll know that you have funds available if an emergency cropped up.
Recommended: Guide to Using an ATM
What Is a Checking Account?
A checking account is also held at a financial institution, though its primary purpose is to be used for everyday spending. These accounts generally don’t have any withdrawal limits, so account holders can make as many transactions as their heart desires.
• Debit cards typically come with checking accounts, and can be used for purchases at bricks-and-mortar and online retailers and to withdraw cash from an ATM.)
• Checking account holders may also be able to use paper checks, either complimentary or purchased by the account holder, which can be used to pay bills and make purchases.
• Account holders may also access their funds by P2P platforms (such as Venmo or PayPal) and other means.
Checking accounts may not earn as much interest compared to savings accounts, if they earn any interest at all.
Many financial institutions charge the same types of fees for checking accounts and savings accounts, such as monthly maintenance fees. Additional checking account fees may include overdraft or non-sufficient funds fees and out-of-network ATM fees.
Having enough money in the account and sticking with in-network ATMs are good ways to avoid charges like these, but banks are required to disclose certain fees it charges. Take a look at the fee schedule for any particular type of account you are thinking of opening and get acquainted with the details.
Benefits of Checking Accounts
There are many advantages to having a checking account, including:
• You can pay bills and transfer funds online, in person, or by app; there’s no need to carry around cash for such transactions. Checking accounts can make money management very convenient.
• Checking accounts are typically insured by the FDIC (or, if you bank with a credit union, NCUA), so your money is safe. Even if the financial institution were to go out of business, you wouldn’t lose your money up to $250,000 per account holder, per account ownership category, per insured institution.
• Checking accounts can be an affordable way to conduct financial transactions. For instance, your account is likely to come with checks, which can save you the effort and expense of using money orders or other types of payments in many situations.
• Your checking account may offer rewards, such as cash back opportunities, or if you apply for a loan at the same institution, you may get a better rate.
Recommended: Ways to Avoid Overdraft Fees
The Takeaway
Yes, there are significant differences between checking and savings accounts. They serve quite separate purposes (spending vs. saving) and can be useful in working toward varied financial goals. For many people, however, it’s not a question of which kind of account to open, but where’s the best place to open both.
When you’re looking for the best banks for checking and savings accounts, see what SoFi can offer.
Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.
Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall. Enjoy up to 4.60% APY on SoFi Checking and Savings.
3 Great Benefits of Direct Deposit
It’s Faster
As opposed to a physical check that can take time to clear, you don’t have to wait days to access a direct deposit. Usually, you can use the money the day it is sent. What’s more, you don’t have to remember to go to the bank or use your app to deposit your check.
It’s Like Clockwork
Whether your check comes the first Wednesday of the month or every other Friday, if you sign up for direct deposit, you know when the money will hit your account. This is especially helpful for scheduling the payment of regular bills. No more guessing when you’ll have sufficient funds.
It’s Secure
While checks can get lost in the mail — or even stolen, there is no chance of that happening with a direct deposit. Also, if it’s your paycheck, you won’t have to worry about your or your employer’s info ending up in the wrong hands.
FAQ
Are interest rates variable on savings and checking accounts?
Savings and checking accounts virtually always have variable interest rates.
Are checking or savings accounts insured?
Yes, both checking and savings accounts are usually insured by the FDIC (or NCUA) for up to $250,000 per account holder, per account ownership category, per insured institution.
Is it better to have most of your money in a savings or checking account?
When comparing checking vs. savings accounts, know this: If you have a chunk of the money that will sit in the bank for a period of time, a savings account can be a wise choice since it will earn interest.
Photo credit: iStock/AleksandarNakic
1SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by banks in the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms. See list of participating banks at SoFi.com/banking/fdic/receivingbanks.
The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
SoFi members with Qualifying Deposits can earn 4.60% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.60% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.
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.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Inside: Discover the keys to successful budgeting with our guide on budget tools, adjusting strategies, and setting financial goals for transformative money management. Creating budgets with your expenses allows you freedom.
Budgeting is one of the parts of managing money that everyone dreads. However, a well-thought-out budget lays the groundwork for mindful spending that reflects your values and paves the way toward accumulating significant wealth.
So, you need to learn the key components of a successful budget.
Budgeting is the cornerstone of building a sustainable financial future where every dollar is assigned a purpose, ensuring that saving and investing become routine, not afterthoughts.
By committing to the principles of disciplined budget tracking and adjustment, you can craft a monetary trajectory that systematically demolishes debt and expands your assets.
Thus, inching you closer to the coveted millionaire status that started with no money with every financial decision you make.
Mastering the art of budgeting requires patience, insight, and the will to see your financial goals come to fruition.
What is the key to good budgeting?
The cornerstone of good budgeting lies in understanding your monetary landscape and wielding control over it.
This means not just noting down numbers, but analyzing your income, expenses, and financial objectives. It’s about crafting a financial map that leads you to your desired destination, be it debt freedom, investment, or saving for something grand.
Remember, a sturdy budget plan is your ally in the financial journey—it helps you stay disciplined, steer clear of fiscal pitfalls, and ensure that your hard-earned money is working for you.
How Mastering Your Finances Can Transform Your Life
First of all, I can attest to starting a budget, sticking to the process, and how my life is now much different than I started. It was hard work and always not fun. But, now, I can experience time freedom like never before.
The magic of mastering your finances is that it does more than just balance your books; it has the potential to utterly transform your life.
Empowered by financial knowledge and a well-executed budget, you can pave the path to your dreams, whether that’s retiring early, traveling the world, or providing a stable future for your loved ones. It instills a sense of financial confidence and peace of mind, knowing that you are in control of your financial destiny.
Element 1: Set Clear Financial Objectives
Setting clear financial goals is like having a compass that guides you through your journey. It involves delineating what you aspire to achieve with your money both in the short term and long term.
You need to plan for and consider variables like inflation and economic shifts.
Identifying Short-Term and Long-Term Financial Goals
To cover your bases, you need to address both immediate and future needs:
Identifying short-term financial goals, typically achievable within one to three years like saving for a vacation or paying off credit card debt.
Long-term financial goals, are usually set for five years or more, such as saving for retirement or a child’s education.
The Role of Specific Goals in Successful Budgeting
Having specific financial goals ensures that each dollar in your budget is assigned a clear purpose, enhancing the likelihood of sticking to your budgeting plan and achieving financial stability.
You can set precise targets such as saving a particular amount for a home down payment and measure your progress and adjust your spending habits accordingly. Thus, making the budgeting process more effective and goal-oriented.
Element 2: Track Your Income and Expenses Religiously
Tracking my income and expenses allows me to identify patterns in my financial behavior. Thus, I can make informed decisions to ensure I adhere to my budget and achieve my monetary goals.
This forms a clear roadmap for financial growth and stability.
Tools and Strategies for Keeping Tabs on Financial Flow
You need to find a way to track your money.
Whether it is utilizing financial software/budgeting apps or paper and pencils. Either allows for efficient tracking of expenses and income, ensuring that you maintain a clear view of your cash flow.
Start with how to budget with a low income.
Differentiating Between Essential and Non-Essential Spending
When creating a budget, it’s vital to differentiate between fixed spending on necessities like housing, utilities, groceries, and transportation, and non-essential spending on items such as dining out, entertainment, and other luxury items.
Essential expenses are critical for maintaining your basic living standards and meeting financial obligations.
Whereas non-essential expenses are discretionary and can often be adjusted or eliminated to achieve financial goals.
By tracking actual expenditure and distinguishing between these two categories, you can prioritize funding towards essentials and savings, ensuring financial stability and progress towards long-term objectives. Just like I have.
Element 3: Prioritize Saving and Prepare for Emergencies
By prioritizing savings, I am investing in my future, taking advantage of compound interest, and building a foundation that helps secure my long-term financial goals. Unfortunately, this took me a while to learn, and the most important financial advice for young adults.
Putting a portion of my income into savings consistently is like paying a bill that benefits my future self, which in turn provides peace of mind and financial independence.
Deciding How Much to Save and Where to Allocate Funds
Apply the 50/30/20 budgeting rule to allocate funds wisely, directing at least 20% of your income towards savings.
The goal is to increase your savings percentage each year. To maximize your savings, analyze your expenses frequently, dividing them by necessity and frequency, to ensure that your saving goals are met without compromising your essential needs.
The Significance of an Emergency Fund in Financial Planning
An emergency fund is a financial lifeline, offering stability in the face of unforeseen circumstances such as job loss or medical emergencies, ensuring that such events don’t derail your financial plans.
Additionally, an emergency fund contributes to peace of mind, knowing they have a monetary cushion to fall back on.
A rainy day fund, or holding three to six months’ worth of living expenses, this fund acts as a buffer against debt, reducing the need to rely on credit cards or loans during crises.
Element 4: Regularly Monitor and Adjust Your Budget
I regularly monitor and adjust my budget to maintain a clear understanding of my financial health and to catch any discrepancies between my planned and actual expenditures. This consistent review allows me to quickly identify areas where I can optimize spending or need to reallocate funds.
Then, I ensure my financial goals remain within reach and adaptable to life’s changing circumstances.
Techniques for Reviewing Budget Performance Over Time
Implement a system for tracking financial transactions that aligns with your budget categories, which provides clear data to analyze spending habits and make informed adjustments as needed.
To effectively review budget performance over time, I recommend scheduling routine assessments, such as monthly or quarterly reviews.
Compare actual expenses with your budgeted figures to pinpoint variances and trends.
Dealing with Financial Changes and Maintaining Budget Discipline
Life’s unpredictable nature means financial conditions can fluctuate, demanding swift adjustments to your budget for events such as a new addition to the family or changes in employment.
These changes could be an increase in income or an unplanned decrease in annual net income.
You must embrace flexibility while holding onto your long-term objectives allowing you to navigate unexpected financial changes without deviating from the path of fiscal responsibility and discipline.
Element 5: Embrace Technology and Automation in Budgeting
I use Quicken to manage my budgeting because it provides an all-encompassing financial picture by integrating income, expenses, investments, and retirement accounts in one place.
The software automates expense tracking and categorization, making it easier for me to monitor my financial health and adjust my spending habits accordingly.
Budgeting Apps and Digital Tools That Simplify Managing Finances
Budgeting apps like YNAB leverage technology to automatically track user expenses by linking to bank accounts, simplifying the process of managing personal finances with features such as expense categorization and financial planning tools.
With features such as bill reminders, debt payoff calculators, and investment trackers, these budgeting apps not only streamline financial oversight but also assist users in setting and achieving their financial goals.
The Advantages of Automating Savings and Bill Payments
This is something I do all the time! Automate your bills and contribute to your savings.
As such, this is a highly efficient method to streamline your finances and ensure that you consistently put your money to work like you planned.
This approach not only helps in avoiding late fees by timely paying bills but also reduces the risk of human error or forgetfulness.
FAQ: Unwrapping the Mysteries of Budgeting
The first method is to start a no spend challenge. This will help you cut back on non-essential spending, such as dining out or premium entertainment subscriptions.
Next, start to live on a shoestring budget. This will help you to compare and negotiate rates for recurring bills like utilities, insurance, and phone plans to secure lower payments.
Additionally, employing cost-saving methods such as utilizing coupons, buying in bulk, and opting for generic brands can significantly decrease monthly grocery expenses.
It’s wise to review and adjust your budget at least once a year or with any major changes. This helps ensure your budget stays aligned with any shifts in income, unexpected expenses, or alterations to your financial goals.
If your lifestyle or income varies significantly, more frequent adjustments might be necessary.
Just remember, it will take a few months for your budget to work.
If you find sticking to your budget is a constant struggle, it might be time to reach out for help. Consider partnering with a budgeting buddy or joining an online community for accountability.
Aim to understand what triggers your spending and devise strategies to avoid these pitfalls. Adjust your budget where needed and prioritize building a buffer for unforeseen expenses.
Creating a budget helps manage finances with a clear view of income and expenses, reduces unnecessary spending, and facilitates goal setting.
It acts as a roadmap for managing monthly financial flows, encourages disciplined spending, and aids in achieving long-term financial aspirations with less stress.
Elements of Budgeting You Will Embrace?
You might wonder, is always keeping a close eye on your finances truly worth it? The answer is a resounding yes.
Gaining mastery over your personal finances is like being the captain of your destiny in the vast sea of economic uncertainty. It’s not just about surviving; it’s about thriving. The result is often an enriched life, free from the shackles of financial stress.
Financial literacy allows you to make smarter choices and enables you to capitalize on opportunities that come your way.
Imagine breaking free from living paycheck to paycheck or being able to take that dream vacation without plunging into debt. These are not just dreams. They can become your reality with financial mastery. It’s about creating a life where you call the shots, secure from the economic twists and turns life may throw at you.
Find success with the zero based budgeting method.
I have done it. And you can too.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Congratulations on becoming a homeowner! Embarking on this journey marks a significant milestone in your life. As you step into your new abode, it’s essential to lay down the groundwork for a smooth transition and a happy home. To help you navigate this exciting time, we’ve curated a comprehensive checklist of essential first steps for settling into your new home.
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Change the Locks
Your home’s security should be a top priority. Change all exterior door locks and consider installing a smart lock system for added convenience and peace of mind.
Update Address and Utilities
Notify relevant parties, including the post office, banks, subscription services, and utility companies, of your new address. Set up new accounts or transfer existing ones for essential utilities like electricity, water, gas, internet, and cable. Make sure to receive the key to your community mailbox to access your mail if needed.
Inspect and Clean
Before moving in your belongings, conduct a thorough inspection of your new home. Look for any damages or issues that need immediate attention. Plan a deep cleaning session to ensure a fresh start in your new space.
Familiarize Yourself with Safety Features
Locate fire extinguishers, smoke detectors, carbon monoxide detectors, and emergency exits. Test each device to ensure they are in proper working condition. If your home lacks these safety features, consider installing them as soon as possible.
Organize Important Documents
Keep all essential documents, including mortgage papers, insurance policies, warranties, and home improvement receipts, in a safe and easily accessible place. This ensures that they don’t get lost during your move-in and that they are always there when you need them.
Set Up Home Maintenance Schedule
Create a schedule for routine home maintenance tasks such as HVAC servicing, gutter cleaning, and lawn care. Staying on top of maintenance will help prevent costly repairs down the line.
Get to Know Your Neighborhood
Take some time to explore your new neighbourhood. Locate nearby amenities such as grocery stores, schools, hospitals, and recreational facilities. Introduce yourself to your neighbours and start building connections within the community.
Make It Your Own
Personalize your space by unpacking and arranging your belongings to reflect your style and preferences. Consider adding a fresh coat of paint, hanging artwork, or incorporating decorative elements to make your house feel like home.
Plan for Emergency Preparedness
Develop an emergency plan for your household, including evacuation routes and designated meeting points. Stock up on emergency supplies such as non-perishable food, water, first aid kits, and flashlights.
Celebrate Your New Home
Finally, take a moment to celebrate this significant milestone in your life. Host a housewarming party to share the joy with friends and family, or simply enjoy a quiet evening in your new home, savouring the sense of accomplishment and the beginning of a new chapter.
Are you looking to own a home this spring? Give us a call today! Our real estate agents are more than happy to help you move into your new home!
I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.
So many people have questions about reverse mortgages: how do they work? Are they the right choice? Can there be downsides? Since reverse mortgages generally are not talked about like traditional forward mortgages are, I want to walk through my experience with my parents’ reverse mortgage and talk about lessons I learned — even as someone who already had inside knowledge.
What happened
There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement, sending kids to college, financing large purchases during retirement and the list goes on.
For my parents, specifically, they were aging and approaching retirement and were simply looking for ways to be more financially secure. They had retirement income but wanted an extra layer of financial protection while eliminating their mortgage payment.
This created a win-win for my parents and is a common reason older homeowners use a reverse mortgage: to leverage their home equity.
What I know
As someone who has worked in reverse for a long time, I knew that a reverse mortgage would give them peace of mind without putting their house at risk. A line of credit would simply allow them a safety net if the need ever arose.
I also knew a reverse mortgage would be a “set it and forget it” option, as there would be minimal interaction with the servicer — no mortgage payments, no due dates, no late payments, no phone calls, etc. For my parents, I knew it was important that they didn’t have a ton of back and forth to worry about or any additional due dates they needed to remember.
What I learned
As someone who was already well-versed in reverse, I knew there was still more to learn especially now that it was personal. I believe that experience is one of the best teachers and I am hopeful that my experience helps reverse lenders better serve their borrowers.
The first and most important lesson I learned is that borrowers will need education. In both forward and reverse lending, it’s common to have first-time borrowers that need to learn about the process they’re going through. While reverse mortgages are meant to be hands off, it was helpful to be hands on with helping my parents understand their loan options.
In my parents’ case, they faced a cultural/linguistic barrier that I was happy to help with, however, there were elements of a reverse mortgage that they – or anyone – would need some help to understand. For example, when they got their first annual recertification letter from the loan servicer, it worried them. They were not sure what it meant or what they should do about it.
After I explained the purpose and that it was routine, they were more comfortable and knew it would be coming each year.
Helping provide answers
Occasionally, they would have other questions they needed help with. For the borrowers that don’t have family that is a resource on reverse, they need to know they can reach out to their lender or servicer with questions. The way reverse works isn’t common knowledge for most people, so a little assistance and a little patience goes a long way.
Another lesson I learned is that reverse mortgages create a softer landing. This is something I already knew, but my personal experience really drove this idea home. Not only did their reverse mortgage help my parents during retirement, but it also helped my dad financially when my mom passed away.
Additionally, the relationship with the loan servicer after both my parents passed away did not create a huge burden on our family. Reverse mortgages allow you time to settle affairs after a homeowner passes away – it’s not like a traditional “forward” mortgage where a mortgage payment is due soon and, if not paid, late payment fees can start adding up.
Not to mention, the forward mortgage loan servicer starts to call your parents’ phone number looking to reach the borrower for a payment. None of those pressures exists with a reverse mortgage.
Settling the loan
As someone with loved ones who had a reverse mortgage, while you do have time after someone passes away, you still need to be mindful that the loan needs to be settled. Staying in touch with the servicer is recommended. Keep in mind that the estate has the option to sell or refinance the loan, the same as any borrower would with a traditional forward mortgage.
So much of these were things I already knew about reverse mortgages, but they came to life for me in a new way by helping my own family. After seeing it firsthand, I still strongly believe that reverse mortgages can be a great financial tool as part of an overall financial planning strategy.
This column does not necessarily reflect the opinion of Reverse Mortgage Daily and its owners.
To contact the author of this story: George Morales at [email protected]
To contact the editor responsible for this story: Chris Clow at [email protected]
Our surroundings hold significant sway over our mood and well-being, often shaping our experiences more than we realize. The activities we engage in within these walls mold our emotional state, productivity, and overall perspective. So, if you find yourself feeling low without a clear cause, your home may be to blame.
No matter if you call Des Moines, IA, Boise, ID, or any place in between home, with spring on the horizon, there’s no better time to implement simple yet transformative changes within our living spaces. To help set the stage to boost happiness and cultivate a sense of fulfillment that extends beyond the confines of our homes, here are 20 ways to boost happiness at home this spring.
Uplift your mood with plants and flowers
Incorporating elements of nature indoors is a simple yet rejuvenating method to revitalize your living space and elevate your mood. Beyond enhancing visual charm, this natural infusion instills a feeling of energy, rejuvenation, and joy, fostering a renewed sense of vitality within your home.
1. Refresh your space with blooming branches
Spring is the best season for bringing fresh elements into your home, and according to florist Jill Mason of Portland-based plant shop Starflower Passion, blooming branches are her top recommendation. “I adore seasonal blooming branches like dogwood, forsythia, cherry, and quince, with quince being my favorite. Just five to 10 stems in your favorite vase can transform your space with modern simplicity. These branches last for weeks, offering lasting beauty. For another stunning option, consider tulips. With 10 to 30 stems, they bring drama and changing shapes that captivate.”
2. Breathe life into your home with locally grown flowers
“Contact local flower farmers for 100% locally grown blooms; many offer fantastic subscriptions and CSA programs for a variety of stunning arrangements every week,” suggests Lynsea Coy, owner of Coy & Co., a sustainable florist in Portland, OR. “Avoid using floral foam or flowers treated with harmful chemicals like dyes, paints, bleaches, or preservatives, as they are detrimental to the environment and your health. The best way to keep your space alive is to pay tribute to the land you’re occupying by celebrating those that honor and steward it carefully and sustainably.”
3. Create a lush indoor oasis
“Group a few houseplants together in well-lit spaces of your home to create a lush green vibe,” says Hailey Dekle, owner of plant shop Cactus + Co. on Camano Island, WA. “For darker spaces, consider adding greenery that is tolerant of less light like snake plants, ZZ plants, pothos, and aglaonema varieties. We recommend adding at least one plant that blooms in the spring like an Easter cactus, jasmine, or hoya.”
Dekle goes on to share, “As your plants grow, you’ll be able to take cuttings to propagate and add more greenery throughout your space. Repurpose your empty baskets or containers and then check your local plant shop for planters, baskets, and macrame to style your plants.”
4. Choose a variety of plants to add visual interest
Marian Packer, owner of Packer Plant Company, a plant nursery in Klamath Falls, OR, offers insights for the ideal plant placements to enhance visual appeal within your home.
“Snake plants are extremely low-maintenance and look beautiful sitting in a corner in a basket,” shares Packer. “Pothos are a great choice for the top of a cabinet or shelf where the vines can drape down. A peperomia is a pet-safe plant for higher-traffic areas like side tables or entryways. Don’t be afraid to experiment with different varieties of plants until you find exactly what you like.”
5. Start with beginner-friendly plants
For beginners, experimenting with different plants and learning their care needs gradually builds confidence and expertise in nurturing indoor greenery.
“If you’re new to house plants, varieties like philodendron or pothos are great starters, as they thrive with minimal attention and can enhance any room’s ambiance,” explains Cameron Perrin of Shop Pothos, offering house plants delivered to your door. “Plant stands offer a great way to showcase some natural beauty but we also recommend hanging planters or shelves to add a vertical dimension to your space. Incorporating house plants into your home or office does more than just enhance its aesthetic appeal; it also improves air quality, making your home feel fresher and more inviting.”
Elevate your interior design with a touch of springtime freshness
Infuse your space with vibrant energy and rejuvenation to create a more uplifting and inspiring atmosphere. Incorporating elements like bright colors, floral patterns, and natural accents can evoke feelings of joy and renewal, enhancing your overall sense of happiness and well-being within your home.
6. Opt for pastels of vibrant spring hues
Ria Urs, Principal Lead Designer at Interiors By Ria, a luxury interior design firm in Addison, TX, emphasizes the importance of infusing your home with the freshness of the outdoors as spring approaches.
“A simple yet impactful tip is to incorporate greenery and floral arrangements that bring the vibrancy of spring indoors, instantly uplifting any room’s mood,” says Urs. “Swap out those heavy, dark textiles like changing thick, dark-colored winter drapes to sheer, light curtains that let in more sunlight, replacing heavy wool throw blankets with light cotton or linen options in pastel or vibrant spring hues, and switching out dark, dense area rugs with lighter, brighter, or even floral-patterned rugs to add a fresh pop of color and texture to your living spaces.”
7. Choose thoughtful design choices
Life coach Michele Attias discusses how spring presents an ideal moment for mindful rejuvenation of your living space. “Ask yourself, ‘How can I create more happiness in my home?’ Consider rearranging furniture in one room to embrace a fresh layout, pushing the boundaries of comfort and authenticity.
Attias also recommends delving deeper by asking, “‘What is my goal here, and what do I want to open up to in the spring season?’ Embrace the spirit of renewal by designating a wellness area in your home, adorned with plush cushions, a journal, framed inspirational quotes, and scented candles – your sanctuary to connect, meditate and reflect at the end of a busy day.”
8. Consider your surroundings for your home’s interior
“When refreshing your space, think about what’s going on outside and let that inform what you bring into your spaces,” Says Amanda Arcone, owner and designer at New England Home & Interiors. “For a nature-filled environment, maintain serenity by avoiding busy colors and patterns. In urban areas, opt for contemporary elements like glass, bold colors, and interesting lines and curves. In mountainous regions, complement the landscape with nature-inspired hues, such as blues, browns, and whites. Near water, blues, greens, and soft grays are all wonderful palettes. Pay attention to light direction and color preference, aiming to create a mood that fosters peace and joy in your home.”
9. Focus on soft whites and natural elements to create a serene and airy space
Home staging company Gema Designs recommends the following blend of soft hues and natural textures for a sense of tranquility and freshness in your home, perfectly capturing the essence of spring.
“Paint colors such as ‘White Dove’ by Benjamin Moore for walls can instantly brighten a room, while accents in ‘Black Iron’ by Sherwin Williams add depth and contrast,” says Gema Designs. Adding touches of ‘Cottage Grove’ by Magnolia Paint introduces a subtle, earthy tone, complementing the natural beauty of wood finishes and indoor plants. This blend of soft hues and natural textures brings a sense of tranquility and freshness to your home, perfectly capturing the essence of spring.”
10. Less is more when decorating
Heather Krout, interior stylist and decorator of Home with Heather advocates for the art of un-decorating.
“Falling into the common decorating mistake of overcrowding with numerous small items is easy, especially with beloved bunnies and tiny accessories,” says Krout. “However, the key lies in the art of un-decorating, where simplifying reigns supreme. As spring arrives, it’s the ideal time to clear away extra clutter and begin anew. Start by adding one larger scale item as a focal point, introducing a touch of greenery in a vase, and incorporating just one small accessory decor item.”
11. Bring spring indoors with colors, patterns, and florals
Bringing the essence of spring indoors is effortlessly achieved by infusing your décor with its vibrant colors, lively patterns, and delicate florals.
“I like to update my pillows with seasonal colors and patterns, often opting for nature-inspired hues like blues and greens, occasionally adding floral motifs for extra charm,” shares Cristina Lehman, founder and principal designer of C. Lehman Home. “I also enjoy incorporating fresh flowers or greenery from my backyard or the local grocery store to infuse the house with organic vibrancy and color.”
12. Brighten your home with clean windows and greenery
“Before it’s warm enough to start living an indoor-outdoor lifestyle, bring the spring air and light inside your home by giving your windows, screens, and window coverings a good cleaning,” advises principal and CEO Anne Michaelsen Yahn. “Enhance your indoor space with an indoor garden featuring a diverse selection of houseplants. Opt for at least three containers of varying sizes in coordinating colors, each filled with your favorite greenery selections.”
13. Freshen up with decor and accents
“Revitalize your space by thoroughly cleaning and decluttering, removing any items that are no longer essential. This will immediately create a brighter and more spacious atmosphere,” shares Francine Park, owner and designer at interior design studio in Seattle, WA, Freshen Design.
“Update your beddings, decorative pillow covers, curtains, and lampshades with lighter fabrics and colors to infuse the room with a fresh spring vibe. Consider adding a whimsical and colorful polyester area rug to add personality to the space. Bring the outdoors in by incorporating fresh flowers, and consider swapping out a large artwork for a statement moss wall art to embrace the season’s natural elements. Finally, add small Easter decorative items to further enhance the festive ambiance.”
Create a space made for prioritizing inner peace and happiness
Your home should be the space you can escape to amidst the hustle and bustle of daily life. By curating an environment tailored to promote emotional well-being, you invite moments of serenity and contentment into your home.
13. Designate a corner for meditation
“Spring is the perfect time to create or refresh an area in your home dedicated to meditation, a calm down corner (for both grown-ups and kids), or a peaceful respite,” shares stress and anxiety coach Sandra Woznicki. “Even a quiet corner with a few cozy cushions, soft lighting, a small plant, and perhaps some soothing aromatherapy or inspiring artwork can serve as an inviting sanctuary. Cultivating such a space not only makes intentional relaxation more appealing but can also condition your nervous system to relax instinctively upon entering.”
Adding to this perspective, mindfulness coaches Jen and Katie, founders of Awareness of Mind, emphasize the importance of carving out time for meditation. “While many of us aspire to meditate regularly, the busyness of life often gets in the way. By designating a specific area in your home for meditation — whether it’s a corner or a dedicated spot on the sofa — you create a tangible invitation to practice mindfulness daily. Enhance the ambiance with inspirational quotes, calming sounds, and greenery to encourage moments of stillness and connection with your breath.”
15. Embrace the practice of sauca
“Sauca, a fundamental principle in yoga, emphasizes purity, cleanliness, and tidiness in both body and mind,” explains yoga instructor, Christine Chen. “By clearing clutter, eliminating toxins, and shedding bad habits, we pave the way for a healthier, clearer, and more awakened life. This principle extends beyond the self to our living spaces. By purifying our homes through decluttering and thorough cleaning, we create an environment conducive to spiritual practice. Recognizing and addressing habits that contribute to an untidy home can ultimately transform our living spaces to create a dedicated space for spiritual practice – it’s life-changing.”
16. Simplify your space
“Often, our environment is a reflection of the state of our mind so ensuring that we are making time to simplify and create order in our space, we can positively impact our mental health,” states Onnie Michalsky, MA, LCPC Life Coach at Moms Without Capes.
“A cluttered room may contribute to feelings of stress, where we lack a sense of control and put our mind into overdrive. Start small by focusing on a single drawer or filling one small box with items to donate. As you make even the slightest progress, be sure to savor how it feels to let go of that which no longer serves you and know that you are engaging in self-care as you rid yourself of excess stuff, improving your home and your mind.”
17. Create an energy flow for new opportunities
“Clearing clutter from your home initiates a flow of energy, paving the way for new opportunities,” explains Shannon Shine, founder of Shine Time Studios and Wellness. “Take small steps each day to redirect energy to different areas, avoiding the pressure of an overnight transformation. Embrace the gradual renewal of spring by focusing on refreshing one corner at a time, allowing space for relaxation and a stress-free approach. Remember, the process may unfold continuously, symbolizing the evolving journey towards embracing your renewed self.”
Declutter and deep clean for a brighter home
Clearing out clutter and giving your home a deep clean not only creates a brighter, more spacious environment but also lifts your mood and energizes your space.
18. The 3 magic questions to ask yourself
“The first step to revitalizing your wardrobe involves decluttering, which can feel daunting at times,” shares Lili Henry Stylist based in San Francisco, CA. “When assisting clients with wardrobe edits, I introduce three essential questions: Does it fit? If not, it goes. Is it worn out? If yes, it’s out. When was the last time you wore it? If over a year ago, it’s time to bid farewell. By the end of this process, we pinpoint missing pieces to avoid unnecessary purchases and conduct a color analysis to determine their best-suited hues, ensuring they shine in their wardrobe selections.”
21. Start with your entryway
“Begin by refreshing your entryway: replace heavy winter coats with lighter jackets, introduce a colorful doormat, and designate areas for sunglasses and umbrellas,” advises Heather Aiello, founder of The Organized You. “Taking on one zone at a time allows for a smooth and manageable shift, bringing the revitalizing essence of the season into your home.”
19. Conquer the clutter in your closet
“Spring is the perfect time to overhaul your wardrobe but it can be tricky to know where to begin,” acknowledges Jennifer Jones Styling. “Begin by evaluating each item in your wardrobe, assessing how it aligns with your preferences, confidence level, color palette, body shape, and lifestyle. If any pieces fall short of these criteria, consider donating them or selling them to make room for items you truly love. Additionally, take into account the seasonality of each piece; if it’s not suitable for spring and summer, set it aside for future use. This approach ensures that revisiting your wardrobe feels like uncovering a fresh collection when the time is right.”
20. Utilize the hanger hack
Kristi Brooks Pennington, a stylist based in San Diego, CA, and Los Angeles, CA, shares a clever closet decluttering tip. “Align all your hangers in the same direction. Each time you wear an item, rotate the hanger. If a hanger remains unchanged for 12 months, it’s a sign you’re not wearing that piece and it’s ready for donation.”
The ultimate home reset this spring: Final thoughts
By incorporating these strategies to elevate our living spaces, from decluttering and simplifying to infusing nature and prioritizing wellness, we set the stage for a season of joy, contentment, and renewal. Here’s to a spring filled with happiness, harmony, and endless possibilities.
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I’ve been told that life is about living in the moment.
But are you living with intention?
Intention means to be aware of what you want, and your desires should align with your purpose.
If they don’t, it can lead to a feeling of not knowing who you are or where on earth life is heading. And without those two things happening in unison – clarity and direction – then any type of accomplishment becomes difficult if not impossible (see my personal story below, for example).
So how do you live with intention?
For many people, life is a struggle.
We are constantly told that we need to do certain things and be a certain way in order for us to feel fulfilled or happy.
While this may sound like good advice, it can lead some of us down the wrong path–especially when our lives are already suffering from a lack of motivation or direction.
In this post, we will discuss seven reasons why you should consider living your life with intention now rather than just letting life lead you. Also, this may change your perspective on life.
There are great benefits that come along with living your life with intention and what it means to live without limitations.
Most importantly, there will be questions you may want to ask yourself which could help get you started on the right path going forward.
Either way, to live life with intention, you must take action now!
What is Intentional Living?
This is an intentional practice of living more intentionally, with a greater focus on self-care and mindfulness.
Intentional living is a lifestyle that encourages you to identify your priorities and values.
This means that it matters more than ever before because people are gradually becoming clearer on what they want in life and how they can achieve those things.
It is not an easy task but one worth taking up if you’re ready for the challenge, as there will be greater clarity of focus when pursuing this goal.
Living Life with Intention Meaning
Intentional living means that we are aware of what’s going on in our lives and make conscious decisions about the things we want to do. It also implies being present, stopping for a moment, reflecting, and thinking about what’s happening.
When you live intentionally it gives your life meaning because you will see progress over time as opposed to just fixing things or achieving goals by ticking them off a list.
Intentional living is a lifestyle that allows for more time to experience love, laughter, happiness, and appreciating the intrinsic value of simpler things.
Saying I appreciate you is important.
In these exploratory questions below, we looked at what makes you happy, how you spend your time, and your future plans.
Why is it important to live intentionally?
It is important to live intentionally because you will have a life that is more meaningful, purposeful, and rewarding.
You are able to make decisions about what you want out of your life and know what is most important to you.
In this busy world, it is easy to get caught up in the rat race. Simplify your life and spend time doing what matters most requires living with intention.
We need to be mindful of how we choose our day-to-day activities so that they serve a greater purpose.
By living intentionally, one can live a happier and healthier life. Purpose in life is correlated with happiness.
7 Reasons For Living Life with Intention and Purpose
Intentional living is a lifestyle that focuses on reflecting and making conscious decisions about what’s in alignment with your values.
This approach to life helps you live more meaningful, satisfying lives by taking time out of each day to consider who you are, what matters most to you, and how might be able to change the course of your life for the better.
It only takes 7 minutes per day for intentional reflection.
In a short amount of time, the benefit is it allows you not only to think about what is in alignment with your values but also how you might be able to change the course of your life for the better.
And that’s the point of intentional living: to live your life with intention.
These 7 reasons are not only worth pursuing now but also in life’s present moments where there is no need to wait until tomorrow because it can be done today!
1. You’ll be more in the present moment.
You will be able to live a life more spontaneously and deeply, with intention.
By living each day more deliberately, you will find greater peace bliss, serenity in your day-to-day life, and increased meaning in a world where things and people repeatedly start to look the same.
Living a life with intention and purpose is going to be one of the best decisions you can make. Why? The power that comes from living a deliberate life will impact every area of your being.
2. You’ll be focused on goals and daily tasks, not distractions.
A person’s life is often focused on daily tasks, work, and going through the same routine day after day. This focus has its benefits, but it also entails forgetting about important goals that a person has set.
With the abundant distractions in our lives, we seek the next big project (or social media) to distract us from what we need to focus on.
In times like these, it becomes difficult to make the “life decisions” that will lead us closer to success.
3. You’ll be more likely to make smarter decisions and take on new challenges with confidence.
Happiness is a choice, and so are meaningful relationships. Time well spent will be a joyful day.
Managing your expectations will improve your life, making it harder for you to get too disappointed.
Start new projects with ease and make motivation part of your daily routine.
Handle criticism with ease knowing there will be some bumps and bruises along the way, but you know it is worth sticking your neck out.
Utilize today’s technology to your advantage – not a distraction device.
Sidestep old patterns or bad habits, so that you are open to the opportunities that lie ahead.
Perception of ease is attainable when you make healthy lifestyle choices and become reliant on an inner sense of what is worth.
4. It will help you better understand your priorities, which means less decision fatigue!
You’ll feel more relaxed knowing you are saving your time for the activities that matter: conversation, cooking dinner with friends, sitting on the couch working on your weekend project, and reading a book.
Maintaining your lifestyle and personal growth should be a top priority in your personal development plan since it is impossible to get back any time you waste.
This should not have to be a life of hustle.
In this life, you have time for time activities with meaning and purpose.
5. It will help keep you on track with your goals and priorities, which can be hard to do without a plan.
You have to find your 100% pure motivation and encouragement in this journey of life!
By setting goals and aligning your priorities, it will transform the way you live your life and have a fulfilling time.
Our focus on this post resonates with a well-timed message to help facilitate personal growth and success- with empowering and easy steps.
Learn how to make money goals and a vision board.
6. You’ll have the freedom to live life how YOU want to live it.
You’ll have the freedom to live life how YOU want to live it.
You will have the freedom to set and achieve objectives using the resources you have.
You will love how it keeps you balanced, since your world is always changing, and the results will show on your path to success.
One of the ways to achieve this is to understand the real meaning of time freedom. More importantly, you need to figure out how to live with time freedom dominating your day.
7. You will have clarity of your desired outcome and what you want to create for yourself, others, or both (meaning you’ll have a purpose).
Since the idea of pursuing happiness can be vague, you have to define the truths about living this free life and live more intentionally.
In these times, many are foregoing happiness in favor of sacrificing something to feel secure within their careers or daily overexerting themselves by trying to “keep up with the Jones.” You deserve clarity of how you want to spend the remaining years you have.
This answer will vary from person to person and situation to situation because you have the freedom to design the life you want.
With so many distractions and options, it can be hard to find your way. Whether you’re looking for love, fulfillment, or a career path, this mantra is the life guideline that will provide clarity and stay true.
Now, It is Your Turn…
Living Life with Intention turns the phrase “figuring it out” into a guide to the life you love.
It is about being aware of what matters most and prioritizing it in a way that helps you reach your goals. Intentional living is not just for those seeking blessings or divine guidance; anyone can benefit from this approach – whether they be spiritual seekers or simply trying to improve their quality of life.
This is how can I have an intentional life.
Is intention and purpose the same thing?
Intention is a conscious choice to act in a certain way. Purpose, on the other hand, is something that we do because it’s part of our core values and who we are as people. Intention helps you live life with purpose and intention.
The difference between Intention and Purpose:
– Intentions are short term goals or actions. These are things you do today to achieve your purpose.
– Purposes are your long term goals or actions. This is whys why you are doing the things that lead up to your intentions.
In addition, purpose also means that you are doing something for a larger reason than just the goal or action itself.
Intention and purpose are different because the intention is short-term, while purpose is long-term. They correlate to each other on how you live your life each day.
How to Live Life with Intention
Intention is defined as the direction or goal of one’s thoughts and actions. Even though people may be living their lives without intention, life still has a direction.
In order to live life with intention, one must think about their actions and their consequences of them. The consequence could be something small such as not picking up an item at the store that you needed to buy, or it could be something monumental such as not staying in a relationship that you feel is no longer healthy for you.
The point of living life with intention is to make the best choices for oneself, one’s family, and one’s future.
In order to do this, you must answer these soul-searching questions.
For most people, this is difficult because it requires you to consider how you want to live your life.
There are many ways that one can do this, and the answer will be different for everyone. However, it is important to do this with intention and intentionality.
1. Envision your perfect day
Make a picture of what your life would look like if you were living that perfect day and make it as detailed as possible.
Find a quiet place to sit and be still for at least 10 minutes.
Think about:
What would you spend your time doing?
Where would you be?
Who would be with you?
Now, how can you live days like that more often?
2. Decide your Personal Values
In order to make a change, you must first decide what is important to you. This process can be difficult and painful, but it’s necessary in order to keep yourself motivated towards your goal.
It is important to decide what your personal values are and use them as a guide for making decisions in life.
This is a process that starts with thinking about what your personal values are. This can be difficult to do in the abstract, but it is helpful to think of your values as being somewhere on a spectrum between your beliefs and what you do.
Do this exercise like you were an outside person looking in. What would that person say about you? What do you value in life?
Your life of personal values will be necessary in order to live with intention.
3. What is your Vision for Life?
Your vision for life is what makes all the difference in how you live your day-to-day life.
Core values are the guideposts that lead you along your path to fulfillment and happiness. By looking back on moments when you feel proud or happy, it’s easier to find out what is important to you and how those things can be expressed through your actions today.
A simple example could be:
My vision for life is to be happy and healthy. I want to live a long, fulfilling life with the love of my family and friends.
If you have never created a vision board, then this vision board planner will help you out!
4. Question the “Norms”
Think about everything you believe you belong on your list of “have tos.”
Those things you feel like you must do. Some examples of these are “you have to go,” “you need to eat,” and “I have to do my homework.”
Now, take a birds-eye observation… do these “norms” and “have tos” serve you well?
Are these “norms” the reasons why you are not living your life with intention?
Take inventory of what you actually have to do every day and eliminate all that does not serve your goals.
5. Relax Intentionally
Relaxing intentionally is a process in which one seeks to achieve a temporary escape from stress and the overwhelming pressures of everyday life.
This is something that is HARD to do when you first attempt to relax.
It is important to take some time for yourself.
Unwind from a busy day and get back into the life of intention by choosing low-energy activities that re-energize you.
During quiet time, spend time intentionally uncovering ways that help you relax.
Are you Ready to Live Life with Intention?
Ultimately, living life with intention is about curating a life based on things that really matter.
You can do this through intentional time management and making sure you are spending your time in the way that makes the most sense for yourself. This will help you to be more clear on what it means to live intentionally as opposed to just being dictated by society’s standards or guidelines.
This is something that you deserve to do.
Furthermore, intentional living is about being present and aware of what you value.
It is a shift from striving for the life that others think you should be leading to embracing the one that feels good. Intentional living allows us to find more room for love, laughter, happiness, and appreciate all those things we often take for granted in our daily lives.
It doesn’t mean giving up on your goals or aspirations but rather finding rhythm so they feel true instead of false like many other pursuits.
Living a life of intention will impact the world on what you believe in.
This is a step necessary for personal growth, which leads to accomplishing more things than you ever thought possible.
With true reflection, it will take time to figure out your values and decide what they are.
Intentional living is about more than just paying bills and going to work each day — it’s about giving your life a purpose. It means considering every decision from all perspectives that are relevant to the kind of life you want
You just have to start questioning every single action you take.
This is how can we live an intentional and purposeful life.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.