With its picturesque New England charm, thriving small towns, and easy access to major metropolitan areas like New York City and Boston, moving to Connecticut provides those with a mix of urban and rural life. Whether you’re drawn to the state’s rich colonial history, beautiful coastlines, or cultural scene, the question remains: Is Connecticut a good place to live? This guide breaks down the pros and cons of living in Connecticut to help you decide.
Is Connecticut a good place to live?
Connecticut provides a mix of city life and peaceful rural retreats, with places like New Haven shining as cultural hubs for art, food, and nightlife. Stamford and Hartford bring a fast-paced urban lifestyle paired with strong job markets, while coastal towns like Mystic and Guilford deliver tranquil waterfront living with small-town charm. Renting in New Haven can be more affordable, especially near its universities, while upscale towns like Westport cater to those seeking luxury with proximity to New York City. The state has everything from lively cities to quiet suburban neighborhoods, suiting a wide range of lifestyles.
The cultural scene in Connecticut thrives on a rich history of art, music, and historic significance. New Haven’s renowned theaters and lively music venues draw crowds year-round, while Hartford’s historic treasures, such as the Wadsworth Atheneum, celebrate centuries of artistic tradition. Coastal towns like Essex and Mystic transport visitors back to the colonial era, while annual events such as the New Haven International Festival of Arts & Ideas and the Mystic Outdoor Art Festival bring the arts to life in exciting ways. From historical landmarks to modern performances, there’s always something captivating to experience across the state.
Connecticut state overview
Population
3,605,944
Biggest cities in Connecticut
Bridgeport, Stamford, New Haven
Average rent in Bridgeport
$1,845
Average rent in Stamford
$2,812
Average rent in New Haven
$2,412
1. Pro: Access to both nature and major cities
Connecticut is ideally located between New York City and Boston, making it perfect for those who want proximity to major urban centers. Residents can enjoy coastal towns like Mystic and Old Saybrook, offering beautiful beaches and waterfront activities. Inland, you’ll find scenic hiking trails in places like Sleeping Giant State Park and Talcott Mountain. Whether you’re seeking a bustling city experience or a peaceful day in nature, Connecticut’s central location allows for easy access to both.
Insider Scoop: Skip the crowds at popular beaches and head to Silver Sands State Park in Milford—it’s a hidden gem for locals with calm waters and picturesque views.
2. Con: High cost of living in certain areas
Living in Connecticut’s larger cities can be quite expensive, particularly in areas like Stamford, Greenwich, and Westport. Rental prices in these cities can be steep, where a one-bedroom apartment can average over $2,500. The cost of daily necessities like groceries, utilities, and healthcare are above the national average, putting additional financial pressure on residents. If you’re considering a move to Connecticut, it’s essential to budget carefully, especially if you plan on living near New York City or along the coast.
For those seeking more budget-friendly options, cities like Waterbury and Meriden are worth exploring. In Waterbury, you can find a one-bedroom apartment for around $1,350, offering significant savings compared to coastal cities.
3. Pro: Strong education system
Connecticut has many prestigious universities and colleges that offer various programs and degrees, catering to a wide array of interests and career paths. Among these, Yale University stands out as a world-renowned institution known for its rigorous academic standards and vibrant campus life. Other notable schools, such as the University of Connecticut, Trinity College, and Wesleyan University, also provide strong academic foundations while emphasizing research and experiential learning opportunities.
4. Con: Heavy traffic and long commutes
While Connecticut’s proximity to major cities like New York and Boston is a perk, it also results in some of the country’s worst traffic congestion. The I-95 corridor, in particular, can be a nightmare during peak hours, with bumper-to-bumper traffic making even short trips frustratingly long. Commuters heading into New York City from cities like Stamford or Bridgeport often face long hours on the road or crowded trains. Public transportation is limited outside major metro areas, so driving is essential, which only adds to the traffic.
5. Pro: Rich history and culture
Connecticut is rich in history, from its colonial roots to its role in the American Revolution. You can explore places like the Mark Twain House in Hartford or Olde Mistick Village in Mystic, both offering a glimpse into the state’s past. Beyond historical sites, Connecticut has a strong arts scene, with places like the Yale Repertory Theatre and the Wadsworth Atheneum Museum of Art.
Insider Scoop: Check the schedule for local historical reenactments, which bring the state’s past to life and provide a fun, engaging experience.
6. Con: Harsh winters and unpredictable weather
Connecticut’s winters are notorious for being long, cold, and filled with heavy snowstorms that can disrupt daily life. Snowfall averages over 40 inches per year in some areas, and severe nor’easters can result in power outages, school closures, and treacherous road conditions. Even in the summer, the weather can be unpredictable, with sudden thunderstorms and fluctuating temperatures. If you’re not accustomed to these weather extremes, adjusting to Connecticut’s climate can be a challenge, especially if you prefer mild winters.
7. Pro: Strong job market in key industries
Connecticut has a robust job market, particularly in sectors like finance, healthcare, and education. Stamford is home to many financial institutions and corporate headquarters, providing excellent job opportunities for those in the business world. The healthcare industry also thrives, with major employers such as Yale New Haven Health and Hartford Healthcare offering a range of career options.
8. Con: Limited nightlife options in smaller towns
Outside of Connecticut’s larger cities, nightlife options tend to be limited, especially in rural or suburban areas. Towns like Darien and Ridgefield can feel quiet after dark, with few bars, clubs, or late-night dining options. For those who enjoy a more vibrant social scene, this can feel restricting. In many smaller towns, nightlife is mostly centered around local restaurants or occasional community events, so those seeking more lively experiences often have to travel to larger cities.
9. Pro: Easy access to beautiful coastlines
Connecticut’s stunning coastline stretches along the Long Island Sound, offering picturesque views and various recreational opportunities. Towns like Mystic, Old Lyme, and Westbrook are popular for boating, fishing, and beachgoing. The Connecticut shoreline is also home to charming coastal villages with quaint shops, seafood restaurants, and historic lighthouses. Whether you’re looking to relax by the water or explore the state’s maritime history, Connecticut’s coastal towns provide a serene escape from city life.
Insider Scoop: Don’t miss the chance to visit the Mystic Seaport Museum, where you can explore the largest maritime museum in the U.S.
10. Con: The state has high taxes
One of the biggest drawbacks of living in Connecticut is the high tax burden, particularly when it comes to property taxes. Connecticut has some of the highest property taxes in the nation, especially in areas like Fairfield County. The state also imposes high income and sales taxes, which can be a shock to newcomers.
Amazon’s Prime Big Deal Days continues today with discounts exclusively for Prime members.
But you don’t have to be on the hunt for every deal, because frankly, who has time? Our Nerds did the research for you by talking to experts and tracking prices on 12 popular products at four major retailers.
Whether you’re shopping for household staples or holiday gifts, consult this Nerdy list of what to buy (and skip) on Prime Big Deal Days.
Best things to buy (or skip) on Prime Big Deal Days
Buy: Past-purchase staples
Don’t let Amazon’s homepage algorithm dictate what you buy. One strategy to cut through clutter: Let your order history lead the way.
Save money by finding deals on the things you already use and know are worth your money. Open your order history and review items you’ve repurchased over the past 30 days, three months or even a year. If you spot a discount on something you need, take advantage and stock up.
Here’s how to “buy again.”
Amazon app: Go to your cart in the mobile app and select the “buy again” tab near the top of the screen.
Desktop: Click on “Returns & Orders” on the top right side of your screen. Then click “Buy Again” to add frequent purchases to your cart.
We’ve seen the “Prime Big Deals” label on trash bags, dog food, dishwasher pods, mouthwash, Clorox cleaner, the Mr. Clean Magic Eraser, vitamins and baby bottles. You can also shop for items that regularly wear out, such as the water filter in your refrigerator or the electric toothbrush heads you’ve been using for too long.
Skip: Lightning deals
Look away from pressure-driven lightning deals that are only available for a limited time or until a certain number of units are sold. These promotions are meant to make you feel panicked and push you toward impulsive purchases.
“Consumers are easily swayed by the deals and promotion messages, and their ‘fear of missing out (FOMO)’ mentality often tricks them into jumping on these flash deals,” Savannah Wei Shi, associate professor of marketing at Santa Clara University, said in an email interview.
Take a breath and know that if you miss the deal, you’re not missing out. The item will probably be discounted in the coming months, which could give you time to realize you don’t even want it anymore.
Buy: Toys
If you need gift ideas for the kids in your life, Andrea Woroch, a personal finance writer and consumer savings expert who has appeared on “Good Morning America” and other TV news shows, recommends looking for deals on crafting kits, dolls and action figures, Lego sets and even video game consoles and gaming bundles.
Woroch warns, however, that not all toy deals will be worth it this early in the holiday shopping season, and suggests going in knowing what you want. How do you know when to add that toy to your cart?
“If you’re getting 30% off, buy it. That’s a good deal,” she says.
Amazon highlighted Lego deals in its Prime Big Deal Days announcement and Target is advertising up to 30% off select sets during its Circle Week sale, which runs all week.
Skip: Small home appliances
You might be better off waiting until Black Friday or Cyber Monday to buy small home appliances. Based on our price tracking data, the Instant Vortex 6-quart 4-in-1 air fryer is on sale for $107.95 today, but if you wait, you could score a bigger deal. The air fryer was $59.49 during Amazon’s Cyber Monday sale last November.
Coffee lovers also might want to hold out for another sale. The Keurig K-Classic single-serve coffee maker we tracked was $109.99 at Amazon during July’s Prime Day Sale and is $139 now. Last year, the price dropped to $76.49 on Cyber Monday, so you’re probably better off waiting. That, or buy it directly from Keurig.com, where it’s $99.99 today.
Buy: Personal electronics
Our advice is nuanced in this category. Discounts on headphones and smart speakers are a given during Amazon’s major sales. The price of the high-end set of Sony headphones we’re tracking is down to $298 at Amazon ($297 at Walmart) — about $100 off list price — which matches the Prime Day in July price.
Many Alexa-enabled devices and Amazon-branded e-readers are also on sale today. Tablets, fitness trackers, streaming sticks, laptops, cameras and TVs are fair game, too. The 65-inch LG C3 TV we’ve been watching dropped to a low of $1,296.99 at Amazon and Walmart for this week’s sales. That’s $300 less than it was on Black Friday 2023.
But the product release cycle impacts gadget prices. For example, if you were hoping to pick up an Apple Watch Series 9 (GPS + Cellular) with a 41mm sport band at a discount after the series 10 was released, you might be out of luck.
With the new version now out, Amazon was only selling a used version of the previous model for $462.56, and it was unavailable at Target in the weeks leading up to Prime Big Deal Days. If you’re not picky about the color or style you purchase, you might be able to score a deal.
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Skip: Fast fashion on Amazon
Fashion can be hit or miss on Amazon, Woroch says. If you hold off on clothing purchases today, you can save your money for when there are more sales from a wider selection of storefronts about a month from now.
“I would wait for Black Friday weekend,” she says.
More stores participate, and you’ll have the chance to get great deals from brands known for better clothes, she says.
Are Prime Big Deal Days the best time to buy?
Not always. Amazon has created two sale holidays — Prime Day in July and Prime Big Deal Days in October — that have forced other retailers to follow suit.
Our data shows some deals are worth a look. Discounts from Amazon and its competitors during Prime Big Deal Days make it the best time to buy five of the 12 products on our list. Prime Day in July delivered the lowest price for four items on our list.
So, for nine out of the 12 items we tracked, Prime Day in July or October brought the lowest prices. Last Black Friday had the lowest price for only one of the items on our list and tied with Cyber Monday for another.
Here’s a tidbit that sums up shopping online in 2024: Prices can be just as good, or better, during non-sale days. That was the case for the aforementioned Sony headphones.
If you were shopping on a random Tuesday (Sept. 24 to be exact), you could have nabbed them for $285 from a third-party seller on Walmart.com, $12 less than today. But good prices during off-sale periods are tough to time. Waiting for the big sale is easier.
Check competitors and your budget
The Prime Big Deal Days sale isn’t the only one happening this week. Amazon is probably the play for Prime members (most deals require a Prime membership), but online shopping makes it easy to compare prices at competitors. Target Circle week (Oct. 6-12) and Walmart’s first Holiday Deals Event (Oct. 8-13) are both happening now, and our research shows prices are competitive.
Like with Amazon, Target’s sale is for Circle members only (free to join), while Walmart’s sale is open to everyone (although paid Walmart+ members get early access to special deals). Don’t overlook Best Buy, especially when it comes to electronics.
If you have a holiday shopping budget, now’s the time to revisit it. If money is tight and shopping would put you into debt or cause bills to go unpaid, skip the sale. There will be plenty of chances to buy things you want or need in the future. Some distance will give you a chance to research, reevaluate and save.
How we tracked prices
NerdWallet tracked online prices on 12 products at four nationwide retailers — Amazon, Target, Walmart and Best Buy — focusing on Black Friday 2023, Cyber Monday 2023, Prime Day 2024 and Prime Big Deal Days 2024. We selected a range of items, including electronics and home goods, that are popular with shoppers year after year.
Some caveats:
Some products have upgrades or a new model introduced in a given year. In these cases, we continued to track the original item and not the newest generation.
Pricing can vary based on color. When possible, the most basic and/or universal color was selected. If this color or model wasn’t available, we tracked another color.
In-store and online prices sometimes vary. We used online prices to reflect the current retail landscape, which is defined by dynamic pricing, and to ensure we got the most up-to-date prices available.
Get more financial clarity with NerdWallet
Monitor your credit, track your spending and see all of your finances together in a single place.
When thinking about moving to Kansas, there are several factors to consider, such as job opportunities, lifestyle, and the overall sense of community. With its blend of peaceful small towns and thriving cities, the question naturally comes up: is Kansas a good place to live? In this article, we’ll dive into what life in Kansas looks like and provide a balanced view of the pros and cons of settling in this state. If you’re drawn to its rural charm, we’ll help you decide if Kansas could be the right fit for you.
Is Kansas a good place to live?
Living in Kansas provides residents with a balance of quiet rural charm and accessible urban conveniences, with wide-open landscapes, and a relaxed pace of life. Larger cities like Wichita and Overland Park have diverse cultural scenes, featuring theaters, galleries, and local festivals that cater to many lifestyles. The arts community flourishes, supported by institutions like the Wichita Art Museum and the annual Tallgrass Film Festival.
Additionally, if you enjoy outdoor activities, Kansas has much to offer, with an extensive network of parks, trails, and lakes ideal for hiking, biking, and fishing. The scenic Flint Hills and expansive prairies provide breathtaking settings for weekend adventures. While life in Kansas offers a laid-back lifestyle, there are still challenges to keep in mind, such as extreme weather and limited entertainment options in rural areas.
Kansas state overview
Population
2,937,880
Biggest cities in Kansas
Wichita, Overland Park, Kansas City
Average rent in Wichita
$881
Average rent in Overland Park
$1,571
Average rent in Kansas City
$962
1. Pro: Kansas has affordable living
Kansas is known for its low cost of living, making it a great place to call home. With low rental prices and relatively affordable utilities, groceries, and healthcare, residents can enjoy a higher quality of life on a modest income. Cities like Wichita and Topeka provide a variety of housing options at reasonable prices, with the average rental rate in Wichita around $900 per month and Topeka’s average at approximately $800 per month. This affordability makes Kansas especially appealing for first-time homebuyers and those seeking financial stability.
2. Con: Extreme weather conditions can disrupt daily life
Kansas experiences a wide range of weather, from blistering hot summers to frigid winters, and is prone to severe storms, including tornadoes. The state lies in the heart of Tornado Alley, making tornado preparedness a necessity for residents. Additionally, the drastic temperature swings can be difficult to adjust to, with humid summers and icy winters creating challenges for daily life. Those who prefer mild, predictable weather might find Kansas’s climate to be a significant drawback.
Insider tip: When you’re moving to Kansas, it’s essential to familiarize yourself with local tornado sirens and emergency plans, so you are prepared.
3. Pro: Friendly communities
Kansas is known for its tight-knit communities, where neighbors look out for each other and local events. The state’s small-town charm and welcoming atmosphere make it easier for newcomers to build connections. Cities and towns often host community events, such as fairs, festivals, and parades, that bring people together and celebrate local culture. This emphasis on community can make Kansas a good place to live.
4. Con: Limited entertainment options
While Kansas offers outdoor activities and events in bigger cities, the state can feel lacking in terms of urban entertainment and nightlife. Major cities like Kansas City and Wichita have some options, but they don’t compare to the nightlife scenes in larger cities like New York or Los Angeles. Bars, clubs, and trendy dining spots are fewer and farther between, leaving some residents craving more excitement. Those looking for a vibrant cultural scene or diverse entertainment options might find Kansas less stimulating.
5. Pro: Prairies, rolling hills, and beautiful skies fill the state
Kansas may not have mountains or oceans, but the prairies, rolling hills, and expansive skies make up for it. The state is home to stunning sunsets, scenic byways, and parks like the Flint Hills, which showcase the beauty of the tallgrass prairie. You can enjoy activities like hiking, fishing, and birdwatching in the state’s various nature reserves and wildlife areas. Kansas’s natural beauty provides a peaceful backdrop for those who appreciate the tranquility of the outdoors.
Insider tip: One of the best places to experience the Flint Hills is the Konza Prairie, just outside Manhattan, where you can hike the trails and even spot bison grazing in their natural habitat.
6. Con: You could feel isolated
Kansas has many rural areas, and while this provides peace and quiet, it can also lead to feelings of isolation for those who prefer a more active or connected lifestyle. In more remote areas, access to services like healthcare, shopping, and entertainment can be limited, requiring long drives to nearby towns or cities. This isolation can also mean fewer opportunities for socializing or engaging in cultural activities.
7. Pro: Strong agricultural roots
As one of the leading agricultural states in the U.S., Kansas provides a sense of pride and opportunity for those connected to farming and ranching. The state’s robust agricultural industry fuels the economy and creates a community for those involved in farming. Local farmers’ markets, agricultural fairs, and festivals celebrating the state’s farming heritage are common, adding to the charm of rural life. For those interested in a slower-paced lifestyle and a deep connection to the land, Kansas’s agricultural roots are a major draw.
Insider tip: don’t miss the Lawrence Farmers Market, held every Saturday, where you can find fresh, locally grown produce, handmade goods, and delicious baked treats—all while enjoying live music.
8. Con: Limited job market diversity
While Kansas has a strong agricultural base and growing industries in aviation and manufacturing, its overall job market lacks the diversity seen in larger states. Opportunities in fields like tech, finance, and entertainment are fewer, which may be a challenge for professionals in those sectors. Many residents need to relocate to find specialized positions or remain in more traditional job roles available within the state.
9. Pro: Low traffic and easy commutes
Kansas’s relatively low population density and well-maintained roadways make for easy commutes with minimal traffic. Whether you’re living in a city like Wichita or a smaller town, you’ll likely find that getting to work, school, or other destinations is less stressful and time-consuming compared to more congested urban areas. The lack of gridlock allows residents to enjoy a better work-life balance and more time spent at home rather than stuck in traffic.
10. Con: You’ll have to get used to the strong winds
Kansas is notorious for its strong winds, especially in the central and western parts of the state, where open plains leave little to block gusts. These high winds can be a nuisance, making outdoor activities less enjoyable and causing problems like dust storms, property damage, and increased energy consumption due to drafty homes. The constant winds can also make winters feel colder and more biting, while making summer heat even more intense.
The holiday season is nearly here and with it, ample opportunity to spend big. According to a new NerdWallet analysis, Americans plan to spend about $17 billion more on gifts and about $46 billion more on flights and hotels this holiday season than they did last year.
A survey of more than 2,000 U.S. adults, commissioned by NerdWallet and conducted online by The Harris Poll, asked Americans about their holiday shopping and travel plans. We also asked them about actions they’re taking to save money this holiday season.
According to the survey, more than 4 in 5 Americans (83%) plan to purchase gifts for friends and loved ones this holiday season — we’ll refer to them as “holiday shoppers” throughout this report — spending $925, on average. That’s more than 217 million Americans spending over $201 billion. This is quite a bit higher than the 2023 Holiday Shopping Report, where we calculated total gift spending of more than $184 billion.
Travel spending is up as well. The survey found nearly half of Americans (49%) plan to spend money on flights and hotel stays during the 2024 holiday season — we’ll refer to them as “holiday travelers” throughout this report — spending $2,330, on average, for these expenses. That’s more than 128 million Americans spending nearly $300 billion on these travel costs, compared to $254 billion on the 2023 Holiday Travel Report.
Table of contents
Key findings
Some shoppers, travelers are still in debt from last year: The survey found that nearly 3 in 10 Americans who used credit cards to pay for holiday gifts last year (28%) still haven’t paid off their balances. Likewise, the same proportion (28%) of 2023 holiday travelers who put flights and hotel stays on a credit card still haven’t paid off the balances.
Holiday giving may cause shoppers stress, possibly in the name of showing they care: More than half of 2024 holiday shoppers (55%) say the costs associated with holiday spending stress them out. But 32% of shoppers think it’s important to purchase holiday gifts and experiences, despite the costs, to show others love.
Gift giving could harm financial stability: Of 2024 holiday shoppers, 10% say they’ll likely need to use some of their emergency savings to buy holiday gifts this year and 9% say they’ll prioritize gift buying over paying some of their regular bills — like debt payments or utilities — this holiday season.
Some travelers prize plans despite costs: More than 2 in 5 holiday travelers (42%) say they’ll keep their usual holiday travel plans this year, regardless of expense.
“While celebrating the season is a top priority for many Americans, going overboard can cause stress for months afterward, so it’s worth planning ahead to reduce costs where possible,” says Kimberly Palmer, personal finance expert at NerdWallet. “Taking time to compare prices, using savings instead of debt to finance purchases and being flexible with travel plans are among the ways people can take control of their holiday spending,” she adds.
Last year’s debt
Some holiday shoppers may be going into the gift-buying season with lingering debt from last year. Of Americans who put 2023 holiday gift purchases on a credit card, less than a third (31%) paid it off with the first statement. This means that up to 69% of Americans who used credit cards to buy gifts last year may have paid interest on these purchases. Some are still likely paying interest — 28% of 2023 holiday shoppers who used a credit card still haven’t paid off their balances.
Savvy shopping strategy: Pay off last year’s debt and make a budget for this year
If you still have debt from last year’s holiday season, make a plan to pay it off as soon as possible. And think about how much you can reasonably spend on 2024 holiday shopping without carrying a credit card balance into the new year.
According to the survey, 27% of 2024 holiday shoppers have a strict budget for the amount they will spend on gifts this year. Creating a budget before the sales start is a smart move to keep your spending in check.
“Setting aside savings for holiday expenses as early as possible in the year can make it easier to build up more of a cushion before these seasonal expenses hit,” Palmer says. “Estimating the total amount you plan to spend and then sticking to it as you shop and plan travel can also help avoid surprises later.”
Payment methods
Most shoppers plan to use credit cards again for this year’s holiday shopping: Nearly three-quarters of 2024 holiday shoppers (74%) say they’ll put at least some of their holiday gift purchases on a credit card. On average, they plan to charge $723 for these gift purchases.
Other popular payment methods for gift buying include cash (65%) and using money from savings (28%).
Credit cards, when not paid in full by the due date, can be a pricey way to finance gift purchases. But those shopping with payday loans (7%) may be hit with even higher costs in the form of fees that equate to triple-digit interest rates.
Savvy shopping strategy: Avoid letting holiday shopping hurt your finances
Holiday gift giving may be a fun annual tradition, but it’s not worth putting your financial health at risk. According to the survey, 10% of 2024 holiday shoppers will likely need to use some of their emergency savings to buy holiday gifts this year and 9% will prioritize gift buying over paying some of their regular bills this holiday season. Consider decreasing your shopping budget if you’d otherwise have to take on expensive debt, spend down your nest egg or forgo bill payments to pay for gifts. These actions could be costly, which may taint the joy of the season.
Holiday shopping plans
Many 2024 holiday shoppers plan to shop the sales, with 39% saying they plan to shop on Black Friday and 36% planning to shop on Cyber Monday this year. And around 1 in 7 (15%) have completed or will complete the majority of their holiday gift shopping during the mid-summer and fall sales.
Some will shop locally: Of 2024 holiday shoppers, 16% plan to shop on Small Business Saturday and the same proportion (16%) say they’ll prioritize shopping at locally-owned or small businesses this year.
Cutting back on gifting is on the agenda for some shoppers: Of 2024 holiday shoppers, 28% say they’ll spend less per person on gifts this year and 27% say they’ll purchase gifts for fewer people this year compared with years past.
Finally, some shoppers likely don’t even have gift buying on their radar yet: 14% of 2024 holiday shoppers say they traditionally shop for gifts at the last minute, or within days of a gift exchange.
Savvy shopping strategy: Look for ways to save
In addition to shopping the big sales — such as Black Friday or Cyber Monday — there are other ways to save on gift buying this upcoming holiday season. According to the survey, 32% of 2024 holiday shoppers plan their purchases in advance so they can monitor them continuously for sales before purchasing, and 23% use coupon or cashback sites or apps when making holiday gift purchases. Other 2024 shoppers may be avoiding buying all new gifts by regifting (11%) and purchasing some gifts secondhand this year (12%).
“Smart shopping is all about planning ahead so you have time to compare prices and wait for the right discount to make your purchase. It’s easier to overspend when you feel rushed, so making your shopping list early is a good strategy,” Palmer says.
Holiday shopping feelings
Nearly three-quarters of 2024 holiday shoppers (73%) say the holiday season is their favorite time of year, which may be leading some to overextend themselves. More than half of 2024 holiday shoppers (55%) say the costs associated with holiday spending stress them out and 40% say they feel pressure to spend more money on holiday gifts than they’re comfortable spending. Still, 32% of 2024 holiday shoppers think it’s important to purchase holiday gifts and experiences, despite the costs, to show others love.
Savvy shopping strategy: Set boundaries with loved ones
According to the survey, 22% of 2024 holiday shoppers have discussed or plan to discuss limiting holiday gift spending this year with their friends and family members. Stretching your finances due to a sense of obligation or tradition could be a cue to reevaluate your shopping plans.
“If you don’t have enough savings to buy gifts for everyone on your list this year, it might be a good time to talk about scaling back or opting for a more limited gift exchange. Giving a homemade gift or a coupon for an activity together are also popular options that don’t strain the budget,” Palmer says.
You might be pleasantly surprised at your friends’ and family members’ willingness to scale back. Around a third of Americans (33%) say they’d rather have an experience with their loved ones instead of exchanging gifts during the holiday season and 23% would prefer to receive fewer gifts this upcoming holiday season than they typically get. Gift giving can be expensive and stressful, and if you’re feeling that way, it’s possible your loved ones can relate.
Holiday travel
Last year’s debt and this year’s credit card usage
Similar to holiday shoppers, 28% of 2023 holiday travelers who put flights or hotel stays on a credit card still haven’t paid off these balances. Less than a third of those who used credit cards for 2023 holiday travel (31%) paid it off with the first statement.
As for this year, nearly three-quarters of 2024 holiday travelers (72%) plan to put some or all of their holiday flight and hotel expenses on a credit card. And 15% of holiday travelers say they applied for a new credit card to get a signup bonus to help pay for 2024 holiday travel expenses.
Thrifty travel tips: Pay off last year’s debt & take steps to save on this year’s travel
According to the survey, more than a quarter of 2024 holiday travelers (28%) are reducing their everyday spending in order to save money to pay for holiday travel expenses this year and 24% plan to spend less on holiday gifts this year in order to save money for 2024 holiday travel expenses. These are also good strategies to free up cash to put toward any lingering debt from last year’s holiday travel.
Getting a new travel card for a signup bonus can be a smart idea to help reduce the cost of holiday travel, provided you pay off the balance each month. Otherwise, interest payments will eventually outweigh any rewards you earn.
“As with gifts, planning ahead can make it easier to leverage credit card rewards because you generally need several months to accrue the rewards before you use them. Staying flexible on your exact dates and destination can also help you find lower cost options,” Palmer says.
Holiday travel plans
Travel can get pricey, especially at peak times like the holiday season. Still, 42% of 2024 holiday travelers say they’ll keep their usual holiday travel plans this year, regardless of expense. For some, it’s a holiday priority: 28% of 2024 holiday travelers say that traveling over the holiday season is more important to them than the giving and receiving of gifts.
Thrifty travel tip: Start saving for next year’s holiday travel
It’s fine to prioritize holiday travel, as long as you can afford it. Once this holiday season ends, start making plans for next year. This could mean setting aside money every month throughout the year, saving an upcoming windfall or strategically accruing credit card rewards to bring down the cost of holiday travel in 2025.
“If you end the holiday season with more debt and financial stress than you would have liked, consider making a plan for next year now. It’s never too early to start building up a holiday fund, and doing so can help you look forward to the season all year long,” Palmer says.
Methodology
This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from Sept. 10-12, 2024, among 2,079 U.S. adults ages 18 and older, among whom 1,735 plan to purchase gifts this holiday season and 914 plan to spend money on flights/hotels during the 2024 holiday season. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.5 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact [email protected].
We used U.S. Census population estimates and survey responses to calculate the total number of Americans who plan to buy gifts this holiday season and total gift spending, as well as the total number of Americans who plan to pay for flights or hotel stays this holiday season and total travel spending.
Disclaimer
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According to the AEI, housing supply across many parts of the US remains limited due to restrictive land-use regulations and slow permitting processes, creating a bottleneck in home construction. These constraints prevent supply from expanding in response to increased demand, meaning the subsidy could drive prices up instead of alleviating the housing crisis. Housing supply … [Read more…]
Looking to buy or sell an online business and are looking for a Flippa review? I have personally bought one website as well as have sold three websites in the past, and I think this can be a great way to make extra money. Flippa is a popular marketplace where people buy and sell websites,…
Looking to buy or sell an online business and are looking for a Flippa review?
I have personally bought one website as well as have sold three websites in the past, and I think this can be a great way to make extra money.
Flippa is a popular marketplace where people buy and sell websites, e-commerce stores, YouTube channels, and other online businesses.
Flippa connects buyers and sellers of online businesses, helping hundreds and sometimes thousands of deals happen each month. You can find all kinds of digital properties on the platform, from small blogs to big e-commerce sites.
But is Flippa the right choice for you? While it has many opportunities, some listings might not be as good as they seem. It’s important to do your homework before jumping into any deal.
Let’s take a closer look at what Flippa has to offer and how you can use it safely.
Please click here to head to Flippa’s website where you can buy and sell online businesses.
Flippa Review
Below is my Flippa review. Enjoy!
What Is Flippa?
Flippa is a popular online marketplace for buying and selling digital businesses. It connects entrepreneurs looking to sell their websites, apps, or online stores with potential buyers.
It’s like eBay but for websites and apps instead of physical items. You can find all kinds of online businesses for sale on Flippa.
The platform is easy to use. Sellers list their businesses, and buyers can browse or search for what they want. Flippa handles the money part to keep things safe for everyone.
Types of online businesses on Flippa
Flippa has a wide range of online businesses for sale. Here are some types you can find:
Websites: Blogs (such as finance or travel blogs), content sites, and niche sites
E-commerce stores: Shopify, Amazon, and other online stores
Mobile apps: iOS and Android applications
Domain names
SaaS businesses: Software as a service companies
You can find both small starter sites and big, profitable businesses. Prices range from a few hundred dollars to millions. This variety makes Flippa great for buyers at all levels.
Buying a Business on Flippa
Flippa is a marketplace where you can buy websites and online businesses. It has many options, but you need to be smart and do your homework before making a purchase.
Why buy a website?
Buying a website can be a great way to make money online. You don’t have to start from scratch. Instead, you get a ready-made business that’s already earning money. This can save you time and effort.
Some benefits of buying a website include:
Instant income
Existing traffic and customers
Proven business model
Many people buy existing online businesses (like blogs) and find ways to improve them so that they can make more money. For example, you may improve the blog design or add a new revenue stream to the business.
But remember, not all websites for sale are good deals. You need to look closely at each one to make sure it’s worth your money.
I have personally bought a website many years ago, and I have many friends who have bought websites as well. For me and most of my friends – we have been able to make money by buying a website that someone else created.
Recommended reading: How I’ve Turned Buying Websites Into My Full-Time Career
How to buy a business on Flippa
Buying on Flippa is pretty simple.
Here’s how you can do it:
Create an account on Flippa.
Search for websites in your niche or budget.
Review the listings carefully.
Ask the seller questions.
Place a bid or make an offer.
If you win, complete the payment.
Transfer the website to your control.
It’s important to take your time and not rush into a purchase. Buying a business is a big decision!
How Flippa works for buyers
Flippa connects you with people selling their websites or online businesses. You can browse listings, ask questions, and make offers.
Flippa has some tools to help you such as:
Verified traffic data
Revenue proof
Site age information
Seller ratings
These can help you decide if a listing is worth your time. But you still need to do your own research too.
Due diligence for buyers
Due diligence means checking everything carefully before you buy. This is super important when buying a website.
Here are some things to look at:
Traffic sources: Check Google Analytics to see where visitors come from
Revenue: Ask for proof of income, like PayPal statements
SEO: Use tools like Semrush to check the site’s search rankings
Content: Make sure it’s original and high quality
Technical issues: Look for any problems with the site’s code or design
Flippa has a “Red Flag Report” that can help spot potential issues. Flippa does charge for this – anywhere from $1,500 to $2,500 per report. But don’t rely on this alone as you should always do your own research too.
The Selling Process
Selling a website on Flippa can be a great way to make money from your hard work.
Why sell a website?
You might want to sell your website for a few reasons.
Maybe you’re ready for a new project. Or you need quick cash. Sometimes, you’ve grown the site as much as you can and want someone else to take it further.
Selling can give you a big payday as websites usually sell for 20 to 36 times their monthly profit. So if your site makes $1,000 a month, you could get $20,000 to $36,000 for it!
Recommended reading: How I’ve Made $80,000 Selling Blogs
How to sell a business on Flippa
Selling on Flippa is pretty easy. First, you make a listing. You’ll need to share info about your site, like how much money it makes and how much traffic it gets.
Flippa charges a listing fee, and the fee all depends on how much you plan on selling your online business for.
When your site sells, Flippa takes a cut. This is called a success fee. It’s 10% for sites that sell for under $50,000. The fee gets smaller for more expensive sites.
You can set a starting price or let people bid. You can also set a “Buy It Now” price if you want.
Preparing your business for sale
Getting your site ready to sell is very important. You want to make it look as good as possible to buyers.
You can start by cleaning up your finances. For example, having clear records of your income and expenses is a must.
Next, make sure your site looks nice and works well, such as by fixing any broken links or errors.
In your listing, you should talk about what makes your site special. Maybe it’s a loyal audience or a unique product – highlight these things in your listing.
Flippa’s Fees and Payment
Flippa charges fees for listing and selling websites and online businesses. They have different fee structures depending on the sale price.
Below we will take a look at how Flippa’s fees work and how you get paid when selling a site.
Listing fees
When you list your site on Flippa, you’ll need to pay an upfront fee. This fee helps keep listings high quality. The cost depends on what you’re selling and your asking price:
Domains: $9 starting fee to list
Websites and apps: $15 starting fee to list
Established businesses: $49 starting fee to list
You can also buy extra features to make your listing stand out. These include a “featured” tag or a spot at the top of search results. These add-ons cost more but might help you sell faster.
Success fees for sales
Flippa takes a cut when you sell your site. This is called a success fee and the amount depends on how much your site sells for:
For sales up to $249,999: 10% fee
Sales between $250,000 and $499,999: 9% fee
Sales from $500,000 to $999,000: 8% fee
Sales from $1,000,000 to $4,999,000: 7% fee
Sales from $5,000,000 to $9,999,000: 4% fee
Sales over $10,000,000: 3% fee
So, if you sell your site for $75,000, Flippa would take $7,500 as their fee.
How does Flippa pay you when selling a site?
When your site sells, Flippa uses a system called escrow to handle the money. Here’s how it works:
The buyer sends money to the escrow account.
You transfer the site to the buyer.
The buyer checks that everything is okay.
The escrow service releases the money to you.
This process keeps both you and the buyer safe. You don’t give up your site until the money is there, and the buyer doesn’t pay until they get the site. Flippa takes their fee from this final amount before sending you the rest.
Flippa Scams
Buying and selling websites on Flippa can be risky because there is money involved. Some sellers try to trick buyers with fake info.
Below let’s look at common scams and how to protect yourself.
Common Flippa scams
One of the most common Flippa scams includes fake revenue screenshots. Now, there are plenty of real sites for sale on Flippa (with honest sellers), but this can sometimes be a problem on Flippa. Some sellers may edit images to show higher earnings than reality, and this trick fools buyers into paying more money for a website.
Another scam is lying about pageviews and traffic. Sellers might use bots to boost visitor numbers and this makes their site look more popular than it is.
Some people sell sites with copied content. They steal articles from other websites and this can lead to legal issues for the buyer.
How to stay safe on Flippa
Even though there are some scammers on Flippa, the majority of listings and sellers are truthful and are real. But, since money is involved, I always recommend that you be careful because you just never know.
There are some ways to stay safe on Flippa, such as:
Always double-check the numbers. Ask for proof of income from PayPal or bank statements. Don’t trust screenshots alone.
Use tools like Semrush to check real traffic. This helps you spot fake visitor claims.
Look for original content. Use plagiarism checkers to find copied text.
Get an expert to review high-priced sites. They can spot red flags you might miss.
Check the seller’s history. Look for good reviews from past buyers. Be careful with new sellers who have no track record.
Ask lots of questions. An honest seller will be happy to give you more info.
Flippa Pros and Cons
Flippa has good and bad points for buying and selling websites.
Pros of Flippa
Here are two Flippa pros:
Flippa has a huge group of buyers, so this means that you have more chances to sell your site. There are thousands of people who just browse on Flippa each day looking for the best deals.
You can find many types of sites on Flippa. They have different topics and prices, and you might find a cheap site to start with or a big one to grow.
Cons of Flippa
Here are two Flippa cons:
Flippa takes a big cut when you sell. They charge 10% for sites sold under $50,000. This can eat into your profits, of course.
There are sometimes scams on Flippa so you need to be very careful when buying.
Frequently Asked Questions
Below are answers to common questions about Flippa.
Is Flippa reputable?
Flippa is a well-known marketplace for buying and selling websites. It has been around since 2009 and many people use it. But like any online platform, you need to be careful.
Is it safe to sell on Flippa?
Selling on Flippa can be safe if you take the right steps. Make sure to use their escrow service and give honest info about your website.
Is it safe to buy on Flippa?
Buying on Flippa can be safe, but you need to be careful. I recommend that you always do your own research on any website you want to buy and don’t rush into a purchase.
What should I look out for to make sure a website I buy on Flippa is legitimate?
To make sure a website you want to buy is real, I recommend that you check the site’s traffic proof, income proof, the seller’s history on Flippa, and that you ask questions about anything that seems odd. If possible, talk to the seller directly. Don’t ignore red flags.
How much does Flippa take from a sale?
Flippa takes a cut of your sale price. For sites selling for $50,000 or less, they take 10%. The fee gets smaller for higher-priced sites.
How long does it take to sell on Flippa?
Selling time on Flippa can vary a lot. Some sites sell in a few days, while others might take weeks or months. According to Flippa, the average online business that costs less than $50,000 usually sells within 15 days, the average $50,000 to $250,000 business takes around 1.5 months, and businesses over $250,000 usually take around 2.5 months.
What are some Flippa alternatives for buying and selling sites?
You have other options besides Flippa for buying and selling sites. Some other popular ones are Empire Flippers, Motion Invest, and FE International.
Flippa Review – Summary
I hope you enjoyed my Flippa review.
So, is Flippa legit?
Flippa is a real company that’s been around for years. Many people use it to buy and sell websites and they have done over 450,000 transactions.
They also have many different categories that you can buy and sell in, such as e-commerce stores, blogs, apps, and other digital assets. Flippa’s marketplace also has many businesses in all kinds of price ranges, so you don’t need to have a ton of money saved in order to buy a business, as there are businesses for sale for less than $10,000 on Flippa all the time.
But like any marketplace, you need to be smart and careful when using it.
I have personally bought and sold a few websites over the years, and I actually just took a quick look on Flippa and saw one of those very same sites listed for sale again on Flippa – what a small world, especially since there are currently over 4,200 websites listed for sale on Flippa. Many people use Flippa all the time to buy and sell a website, and if I were needing to buy or sell right now, I would have no problem with using Flippa – it is a safe site as long as you are careful and avoid scams.
Please click here to head to Flippa’s website where you can buy and sell online businesses.
Are you interested in buying and selling online businesses?
When considering moving to Iowa, many factors come into play, including job opportunities, lifestyle, and community vibes. With its mix of charming small towns and bustling cities, the question arises: is Iowa a good place to live? In this article, we’ll explore what life is like in Iowa and provide a balanced perspective on the pros and cons of calling this Midwestern state home.
Is Iowa a good place to live?
Iowa seamlessly combines the allure of rural landscapes with the conveniences of urban living, attracting a diverse range of residents. Cities like Des Moines and Cedar Rapids provide lively cultural scenes, with theaters, galleries, and music festivals that cater to various tastes. The arts community thrives, thanks in part to organizations like the Des Moines Arts Festival and the Cedar Rapids Museum of Art.
Additionally, If you love the outdoors, you will find plenty to do in Iowa. The state has an extensive network of parks, trails, and rivers, perfect for hiking, biking, and fishing. The scenic beauty of the Loess Hills and the rolling landscapes along the Mississippi River provide stunning backdrops for weekend adventures. With a slower pace of life, Iowa is a great place to live, but it does come with challenges to consider.
Iowa state overview
Population
3190,369
Biggest cities in Iowa
Des Moines, Cedar Rapids, Davenport
Average rent in Des Moines
$1,114
Average rent in Cedar Rapids
$810
Average rent in Davenport
$987
1. Pro: The cost of living is affordable
Iowa stands out for its incredibly low rental prices, making it an appealing choice to live. In cities like Des Moines, the average rent for a one-bedroom apartment hovers around $1,100, significantly less than comparable metropolitan areas like Chicago, where prices can soar above $2,000. Other cities, such as Cedar Rapids, offer even more affordable options, with average rents around $800, respectively. This lower cost of living not only allows residents to enjoy a comfortable lifestyle but also frees up funds for savings, investments in education, or recreational activities, making Iowa a good place to call home.
2. Con: There are limited job opportunities
Some residents find that job opportunities in Iowa, specifically in specialized fields, can be limited. Higher-paying positions tend to cluster in urban centers like Des Moines, leaving rural areas with fewer options. This can create challenges for those seeking careers in specific industries, such as technology or healthcare. Consequently, individuals may need to commute long distances or consider relocating, which can be a significant drawback for many.
3. Pro: Iowans are friendly
Iowans are renowned for their genuine friendliness and hospitality. The state’s agricultural roots create a community, where neighbors often know each other and lend a helping hand. This welcoming culture is evident in local events, community gatherings, and volunteer opportunities that encourage participation and connection. Newcomers often find it easy to settle in and make friends, which can significantly enhance their overall living experience.
Insider scoop: If you’re new to Iowa, attending a local county fair or farmers’ market is a great way to dive into the community. These events are not just about shopping and entertainment; they also offer a chance to meet locals who are eager to share stories, recommend favorite spots, and introduce you to traditional Iowa treats.
4. Con: There are a lack of major urban centers
For individuals accustomed to the fast-paced lifestyle of major urban centers, Iowa’s largest cities may feel small and limiting. With a population of around 214,000, Des Moines lacks the diverse cultural offerings, extensive nightlife, and shopping options found in cities like Chicago or New York. While local amenities exist, those seeking vibrant urban experiences may find Iowa’s offerings insufficient.
5. Pro: Iowa has a strong agricultural heritage
Iowa takes immense pride in its agricultural heritage, being one of the leading producers of corn and soybeans in the nation. This connection to the land cultivates a strong community identity, with local fairs and events, such as the Iowa State Fair, celebrating farming traditions and innovations. Agricultural practices are often linked to sustainability, with many farmers implementing eco-friendly techniques.
Insider scoop: Visiting the Iowa State Fair is a must for anyone wanting to experience the heart of Iowa’s agricultural culture. Beyond the famous fried foods and carnival rides, you’ll find livestock competitions, live demonstrations of farming techniques, and even opportunities to meet local farmers.
6. Con: Seasonal allergies can be tough to manage
Iowa’s extensive agricultural landscape can pose challenges for residents with allergies, particularly during the spring and fall seasons. Pollen from crops such as corn and soybeans can trigger allergic reactions in sensitive individuals, making outdoor activities uncomfortable. This issue may impact daily life, especially for those who enjoy outdoor recreation.
Insider scoop: If you’re prone to allergies, consider investing in an air purifier for your home and keep windows closed during peak pollen times.
7. Pro: Iowa has a unique food scene
Iowa’s food scene is rich and diverse, showcasing local ingredients and culinary traditions. The state is famous for its Maid-Rite sandwich, a loose-meat sandwich that has become a staple in local diners. Additionally, a growing farm-to-table movement emphasizes the use of fresh, locally sourced ingredients in restaurants and markets. Farmers’ markets in cities like Iowa City and Ames feature seasonal produce, homemade goods, and artisanal products, you don’t want to miss.
8. Con: Beware of the natural disaster risks
Iowa is susceptible to various natural disasters, including tornadoes, floods, and severe storms. Residents must stay informed about weather conditions and prepare for potential emergencies, which can be stressful. Tornadoes can occur during the spring months, leading to the need for emergency plans and preparedness kits. Flooding, especially in areas along the Mississippi River, can cause property damage and disrupt daily life, making disaster awareness essential for all residents.
Insider scoop: Many communities in Iowa hold annual emergency preparedness workshops, teaching residents how to create effective disaster plans.
9. Pro: There are plenty of seasonal festivals to enjoy
Iowa hosts a variety of seasonal festivals that celebrate its culture, history, and agricultural heritage. The Iowa State Fair is a highlight, attracting over a million visitors each year who come to enjoy rides, live music, and delicious food. Other events like the Pufferbilly Days in Boone and the Tulip Time Festival in Pella showcase local traditions and crafts. These festivals foster a community and provide opportunities for residents and visitors to connect.
10. Con: You may feel rural isolation
Many Iowans live in rural areas, which can create a sense of isolation, particularly for those used to urban living. Residents in towns like Fairfield may need to travel long distances for essential services, shopping, and entertainment. While the peaceful rural lifestyle has its charms, it can also feel disconnected, especially for newcomers accustomed to more vibrant social scenes.
Recently, Zillow began airing a commercial called “Homeowner Mates.” It depicts three women moving into a home together.
It shows their individual “BuyAbility” followed by “Your BuyAbility,” the latter of which combines the purchasing power of all three.
The three women have individual buying power of $117,000, $124,000, and $131,000, but a combined $372,000 when pooled together.
This apparently allows them to go in on that near-$400,000 home purchase, despite not being anywhere close on their own.
While having co-borrowers does indeed boost your purchasing power, the question is it a good idea when it’s a friend (or two)?
It’s Hard Enough to Buy a Home on Your Own
When I first saw this commercial, I was pretty taken aback. It felt somewhat irresponsible, and a lot related to the current housing market being unaffordable for most.
For me, that doesn’t mean forcing your way into a purchase. It might mean holding off on your homeownership goal, saving up more money, perhaps hoping for a raise, and generally getting all your ducks in a row.
Oh, and maybe lowering your maximum purchase price to something you can actually afford!
Instead, Zillow presents a solution to just find a couple close friends and buy the house today.
It pretty much ignores what happens after the dust settles and the moving boxes are unpacked.
It doesn’t get into what happens when one of the roommates wants to move out. It also seemingly glosses over who gets what room, or what happens if one of the co-owners loses their job.
Simply put, it presents a very simplistic view of homeownership, without giving us the whole picture, which could get pretty dark in a hurry.
Ultimately, it’s hard enough to be a homeowner without having to discuss all the what ifs with two other people.
It’s a big decision to buy vs. rent, and exponentially more complicated once you multiply that by three individuals.
Homes Are Too Expensive for Many Americans Right Now
Making it all much worse is this commercial only exists because homeownership has fallen financially out of reach for many Americans.
Clearly the people behind the ad got together and said what are the main pain points for prospective home buyers right now?
And they likely all agreed that it’s too expensive for most to buy a home thanks to a combination of high home prices and elevated mortgage rates.
But instead of recognizing this, they found a creative workaround to tackle the affordability piece, regardless of what the outcome might be.
Ironically, the commercial says, “That’s when buying a home got real.” When the three women pooled their incomes together to make it work.
Sadly, they probably don’t know how real is will become after living together and paying the mortgage for a year.
It’s hard enough to rent with a friend without facing all sorts of pitfalls. To buy a home with a friend and do so successfully sounds like the feat of all feats.
In other words, it probably won’t go well for most. And how do you even work out who gets what if someone wants to move out?
This all sounds so complex, yet is juxtaposed by the three women eating pizza and joking about one of them breaking the other’s vase.
My guess is that would be an afterthought once real problems reared their ugly head.
Maybe It’s Just Not the Right Time to Buy a Home…
As I wrote in my other piece, Marriage and Mortgage May Not Mix, it’s perfectly fine to rent initially, especially if your wedding date and the housing market conditions don’t exactly line up.
The same is true here. There doesn’t need to be a rush to buy, nor do you need to force the issue if it doesn’t feel quite right. Or simply doesn’t pencil.
While I am a huge advocate of homeownership and believe it brings with it a lot of positives, it’s not for everyone. Nor is it always the right time.
I’d personally never buy real estate with friends, and probably not even with family when it came down to it.
Take the time to really think it through if you’re considering this. What will it look like to own a home with your friend(s) a year from now, three years from now, or five? Will you sell at some point or rent it out?
You’re going to need a serious plan if you expect to pull something like this off. Even those who purchased a home recently on their own are feeling the heat.
Now imagine several people dealing with conflicting emotions at the same time. It’s not for the faint of heart.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
In a world that constantly pushes us toward more — more things, more choices, more consumption — the concept of minimalism has emerged as a breath of fresh air. However, as we delve deeper into the philosophy of living with less, a new movement is gaining traction: underconsumption core. Whether you’re renting an apartment in Des Moines, IA, settling into a rental home in Boston, or buying a home in Savannah, GA, this way of life offers a more sustainable, mindful way to live.
Understanding underconsumption core
Underconsumption core takes minimalism a step further by emphasizing the value of what we don’t consume rather than just focusing on what we own. “Underconsumption core is the latest social media movement that takes a spin on the minimalist and simplicity trends of recent years, highlighting the ‘use it up, wear it out, make do or do without’ teachings from older generations,” explains Amanda with Useful Roots.
“It’s all about finding joy in owning, maintaining, and buying fewer things or even acquiring material items via thrifting and repurposed goods. Instead of purchasing multiples of the latest item, you’re pairing down, making do with just one, using what you have, and perhaps not purchasing at all. It’s an approach to engaging in the economy that can be better for the wallet and more environmentally friendly.”
The benefits of underconsumption core
Adopting the underconsumption core philosophy can lead to numerous benefits:
Less clutter, more comfort: When you intentionally reduce unnecessary consumption, your living space becomes more comfortable and serene. Renters, especially, benefit from this as it makes small spaces feel larger and more functional.
Financial savings: Consuming less can lead to significant savings. Instead of spending money on trendy decor or impulsive buys, you can invest in quality pieces that last or save up for bigger goals — like homeownership or investment property.
Eco-friendly living: Consuming less means generating less waste, which benefits the environment. “At Composty, we believe that living minimally begins with making intentional choices about what we bring into our homes. By embracing compostable, reusable cleaning tools, you can significantly reduce waste while still maintaining a clean environment. We encourage making the most of what you already own, avoiding impulse purchases, and focusing on products that are not only functional but also sustainable, helping to reduce consumption in the long term. Composty’s CEO Matt Guest says, “Our sponges borrow natural materials from the planet and, after use, give them back to nature to help it flourish and grow.”
Ways to embrace ‘underconsumption core’
Underconsumption core can significantly improve your living experience, and it’s surprisingly easy to implement small, intentional changes that create lasting positive impacts.
Shift your mindset
Shifting your mindset is key to embracing underconsumption core. It’s about moving away from the constant pursuit of more and reframing how you view consumption.
“At fulFILLed Lifestyle Co., we believe that sustainable living starts with a shift in mindset. In today’s world, it’s easy to feel overwhelmed by the pressure to buy more, especially as we’re constantly influenced to consume more than we truly need,” explains Paige Garrity, co-founder of fulFILLed Lifestyle Co. She continues: “But what if less is actually more; underconsumption, the idea of being intentional with what we bring into our lives, allows us to focus on quality over quantity.
By reducing the excess, we make room for what truly matters — whether it’s the products we choose or the relationships we nurture. Sustainability, after all, is a way of life, and at fulFILLed Lifestyle Co., we’re here to support consumers in making choices that help them create a toxin-free, sustainable, and fulFILLing life.”
Prioritize essentials
Whether you’re furnishing an apartment or conducting your weekly grocery shop, start by focusing on the essentials. What do you really need? Avoid the temptation to buy and fill every corner with “stuff”.
“By embracing underconsumption core, we inherently buy less and utilize what we have more efficiently. Furthermore, replacing disposable everyday items with reusable alternatives, like shopping bags, water bottles, and sustainable kitchen essentials, significantly reduces waste and conserves resources,” explains Amanda Runkle, founder of Me Mother Earth.
“These small changes not only support a greener lifestyle but also save money in the long run, as reusable products are designed to last for years. By making these conscious choices, we all have the ability to contribute to a more sustainable future and reduce our environmental impact.”
Embrace sustainability
Elizabeth Casas with Simple Living on Repeat, echoes this sentiment, emphasizing the importance of intentionality and sustainability. “With the cost of living and food prices increasing, underconsumption is a new trend that people must try to save money. Avoid buying products until you finish the ones you already have and use, such as skincare or cleaning products. Shop secondhand first. Before a new purchase, try to see if you can buy gently used items like clothing, furniture, books, and toys. Buying second-hand first not only helps you save money but also positively impacts the environment, giving items a second chance and reducing waste.”
“Well-storied homes often belong to well-storied discount shoppers, dumpster divers, thrift store thrifters, and roadside wranglers with well-storied lives,” shares Paige Grose with Paige Grose Design.
She adds, “I love expensive furniture, luxurious linens, fine china, and hand-woven rugs, but many of my most treasured and unique pieces that give our house style were found, thrifted, or haggled for and not purchased from a design center showroom. Thrift stores, flea markets, yard sales in upscale and retirement communities, trolling the streets on trash night (some neighborhoods encourage this and post items in real-time on social media), vintage and antique shops, as well as your family’s basements and attics are perfect places to start an underconsumption journey to create a well-storied home.”
Create and embrace multi-functional spaces
For renters in apartments, especially those with limited square footage, multi-functional spaces are key. Consider furniture that serves dual purposes — like a sofa that doubles as a guest bed or storage solutions that blend into your decor. “If I were going to say one thing a renter could do to create a more functional space, I would say not to underestimate the value of leg risers,” shares Mary Colmar with Salad Bowl Dress.
“You can make a kitchen island with two or more risers under a kitchen table. They’re helpful in a bedroom for your dresser or a bed to add storage space underneath. I have even used them in the living room under a couch to add the illusion of space.” Hacks like these can create a more functional and stylish space, without breaking the budget or spending impulsively.
Value quality over quantity
Quality pieces stand the test of time, saving you from frequent replacements and contributing to a more sustainable lifestyle. “I quit Amazon Prime to minimize unnecessary impulse buys. Instead, I put items in my shopping cart and wait till I hit the $35 minimum spend for free shipping without Prime,” shares Julie George with The Brown Girl Podcast.
“Sometimes during this “waiting time,” I find I actually didn’t need or want this or that, and then remove it from my cart. I also started investing in higher quality items that I can keep for a lifetime instead of low-quality/fast fashion junk that ends up needing constant replacement.”
Create a consumption budget
Just as you would budget your finances, consider creating a consumption budget. “Adopt a more mindful approach to spending and prioritize experiences over possessions, this will help you to focus on what truly brings value to your life,” recommends Emma with Bee Money Savvy. “Being more mindful when it comes to money can also help to reduce your living costs, allowing you to save towards long-term goals such as a first home or retirement.”
Reflect, remember, and adjust
“People have this strong belief that somehow happiness comes through spending on things and experiences. That if we only owned a nicer item, and splurged on a vacation, that we would be happier,” explains CEO and content creator, Save My Cents, Inc.
“Research has proved this to be the opposite. After meeting a certain minimum level of lifestyle, then additional levels of happiness gained from spending on nice-to-have items are diminishing — meaning the more money you spend, you don’t necessarily become equally happier. Knowing this is powerful because it means that you have to learn to derive joy from your current life. Lean into the strength of the good relationships and friendships you have. Take comfort and have gratitude for when you do have abundance — such as a decently paying job, payable skills, and good mental and physical health.”
Less, truly is more
Underconsumption core is more than just a trend; it’s a transformative lifestyle choice that encourages us to prioritize what truly matters. “When I coach Americans to spend less, I coach them to have gratitude. When you see everything that you “get to” enjoy, then you don’t feel the need to buy more to be happy,” Save My Cents continues.
“By embracing this philosophy, we can redefine minimalism and cultivate a life filled with purpose, sustainability, and fulfillment.” Underconsumption core offers a refreshing perspective that invites us to slow down, evaluate our choices, and make room for what genuinely enriches our lives.
Do you want to learn how to become a photographer? Many photographers are making $50,000 and over each year. Today, I have a great interview to share with you. I interviewed my friend Sydney Hampton on how to become a photographer. I actually met her when I hired her to take my maternity photos, and…
Do you want to learn how to become a photographer?
Many photographers are making $50,000 and over each year.
Today, I have a great interview to share with you. I interviewed my friend Sydney Hampton on how to become a photographer. I actually met her when I hired her to take my maternity photos, and later on my newborn photos. We stayed in touch, and I recently asked her if I could interview her for this article.
Sydney is a photographer who focuses on family, couples, maternity, branding, and newborn photography.
The demand for this kind of photography is high, and many people are looking for quality photographers for these types of photos.
Are you wondering questions such as:
How much money can a professional photographer earn?
Is there room for new photographers?
What equipment does someone need to become a photographer?
How many hours does it take each week to run a photography business?
If so, these questions, plus more, will be answered in today’s interview about how to become a photographer.
Today’s interview will help you get started and perhaps even introduce you to a new way to work at home.
Recommended reading:
Tell me your story. Who are you and what do you do?
My name is Sydney Hampton and I am a wife, mom, and photographer. I am the face behind Sydney Hampton Photography. I love being a photographer and helping others figure out their path in the world of photography.
I am also the creator of The Mom Photographers, a group that helps moms who are photographers get more organized, manage their time better, and grow their businesses so that they can grow their business while balancing life as a Mom. The Mom Photographers is a community, educational hub, blog site, and we have a podcast on Spotify that features moms who are photographers and business owners.
What kind of photography do you do?
I do several types of photography, but currently I focus on family, couples, maternity, and newborn. Maternity and newborn have my heart, but I have also done many other types of photography including weddings, senior portraits, and business and branding photography.
This year, I am really focusing on family, maternity, couples beach photography and in-studio sessions such as newborn and business branding. As a photographer in a prime vacation destination, I tend to do a lot of beach mini sessions and have found that men and children are usually not up for full sessions. This has helped to truly launch my business to another level where I am able to do mini sessions weekly.
Here’s a picture of me photographing on the beach.
Why did you decide to become a photographer? How did you get started?
I have always loved photography and really started getting into it in about 2006 when I was in high school. I grew up with photography all around me; my Dad was a professional sports photographer. So from a young age, I learned how to shoot in manual and learned important key things like composition.
Like many though, I really thought of myself as an amateur, especially being around family members like my dad and his brother, my uncle, who also is a photographer but an amazing wildlife photographer. After the first 2 years of college, I put my camera down for a few years. When my father passed, I inherited his camera and really picked it back up as a way to connect with him.
To be honest, it was my husband who gave me the confidence to become a professional photographer. After watching me for 2 years continuously take photos of landscapes, our van, and dog on road trips and seeing the passion I had for it, he convinced me to take a leap and go for it.
I truly decided to become a photographer as a way to do what I love, and maybe make some money. With my husband’s support, we were prepared for it to make nothing, so the risks were low.
In the beginning, I attribute all of my success to the military community! As a military spouse, I was able to reach out to the military spouse community and have clients that I still service 5-plus years later and in different states! The support from that community has been ongoing. I was able to grow a following on Instagram and Facebook, which really helped create my business as a Florida Keys vacation photographer. Having followers and clients who shared my work regularly, allowed me to establish credibility and book new clients.
What do you like about having a photography business?
My favorite part about having a photography business is that I get to be with home with my kids all day every day. Having the freedom to create my schedule, be with my family, and to be creative is beyond any financial benefit. While this year has been my busiest and most financially beneficial year thus far, I have made sure to dedicate time to doing things with my kids where I can set my phone aside. I have found that the biggest blessing has been to step away from work and not be worried.
I love how diverse photography as a career is. For example, it can be very simple like just stock photography on the side, or just weddings or you can open a studio and become a portrait and newborn photographer… Or you can do it all! You can photograph events such as weddings for thousands per wedding, do family sessions, maternity, business advertising, even sell products like landscapes, start blogs and podcasts, create courses, write books, and more. Just like with many other opportunities, the sky is the limit – it’s a perfect career for someone creative and driven, yet also great as a side gig.
I have been fortunate to see many sides of photography from just word of mouth within a small community with a few clients to over 400 clients so far this year alone. I have loved that I get to meet new people with each shoot and that I am able to connect with people from all walks of life.
I believe in growing and learning from others, which is part of why I created a community called The Mom Photographers where I host a podcast/blog and talk with other moms who are photographers about all the topics we face. Things like how do you edit with kids, what does workflow look like when you have kids, and ways to get started. Through The Mom Photographers, I will also be releasing educational videos, courses, presets, and doing hands-on/virtual workshops.
How much money can a professional photographer earn?
Again, it’s all flexible. You can do it very part-time and only make a few thousand a year or you can make a million. It truly depends on a few key principles such as the amount of time and effort you want to put in, the quality/ consistency of your work, and the type of photography you choose to do.
On average, most photographers can expect to make about $50,000 in a small town or non-tourist destination.
In a tourist destination or bigger city it is easy for a photographer to make $75,000+ with the right tools in their pocket and a quality consistent product. Now, I’m not saying anyone who just buys a camera can walk out and expect to make $75,000. It takes professionalism, some business knowledge and having a quality product that people want to buy. It also takes time, but working with a mentor or shadowing a photographer are ways to speed that up. I have also found that those who do start with a mentor or who work under an established photographer their first year tend to make more money and be more successful in the end.
I am actually mentoring 5 photographers currently and just hosted a styled shoot with 12 other photographers. To me, connecting with others is key! So to be able to host a shoot that I create and make money is a blessing.
What equipment does someone need to become a photographer? Do they need to spend a lot of money to get started?
Someone looking to get started will need a camera, a lens, computer and a few programs to help make them successful such as Lightroom. To get started as a family, couples or wedding photographer I definitely suggest having a professional level camera/lens set up.
I always suggest shadowing and making sure it’s what you definitely want to do before you invest in equipment. Knowing that this is the right path for you is step one.
I actually have a free course called: Is Photography Right for you? My goal with this course was to lay out a realistic expectation of what all is involved to start and be successful in the photography industry.
Below is some more in-depth information on what equipment you need to become a photographer:
Camera – I highly suggest starting with a Professional camera. I suggest going with a mirrorless camera. I am a Nikon user, and I suggest getting the best camera you can within your budget. My top suggestion is the Nikon Z 6II which you can find lightly used for around $1300 or Nikon z6III $2500 which was just released in summer 2024. It’s good in low light, sharp, and easy to use. If it is out of your price range, then go for the Z50 would be my next suggestion (which is $1,000 brand new or used around $750). I currently have 2 cameras, a Nikon Z 6II and a Z8 which is my new camera, I went with the Z8 over the flagship Z9 for 3 reasons.
1. It’s smaller and lighter
2. It uses the same batteries as the Z 6II.
3. It was the same performance but less expensive.
Lens – I definitely recommend when you buy your camera to not purchase it with a kit lens. Buy a lens appropriate for the work you would like to do. Example: family, maternity, or portraits – go for a 35mm or 50mm lens with an f-stop of 1.8 or lower, then later add lenses such as 85mm, 50mm, 35mm, and 70-200mm. I like to shoot with a lower f-stop because I like the subject isolation and blurred background. For Family, Maternity and newborn I definitely suggest having a 50mm and a 35 mm. My favorite lens is my 50mm 1.2 this lens gives dreamy background and crisp images. The kit lens often does not hold value for resale well, and it’s better to just buy the camera body without it. Nikon just released a 35mm 1.4 lens which is $599.
Computer – I use an Apple MacBook to do all of my editing. I edit on Lightroom primarily and also on Photoshop. I also use several other programs to assist me in saving time that I go more in-depth with in a few of my Mom Photographer blog posts (Aftershoot, Portraiture, Imagen AI, and Topaz). For newborns and Portraits, I love Portraiture!
Website- You can actually start your website for free through Pixieset. I have been using them for 6 years and they are amazing, I love how everything is integrated. It is not only the host site I use now but how I book clients and deliver galleries. Pixieset also has a print store, and is always looking for ways to improve. Once you do get more involved and find yourself needing to upgrade the prices are still reasonable at $19/month and up. You will still need to get your own url from a site like GoDaddy and you can connect that to your Pixieset.
With those things, anyone can start. The list grows with what type of photography, so I suggest starting simple in one type of photography, like aiming for just family or just branding.
Note about the camera purchase: You can start with an older camera or with what ever camera you have. The goal with starting with an older camera would be to learn to shoot in manual, as well as to learn composition. Just definitely plan to set aside money to upgrade to a professional camera as soon as you can so that you can provide clients with a quality product. Also depending on the photography route you choose you could also start with a camera like a good drone! Think landscape, real estate, marketing, weddings or a way to earn income while saving up for your professional camera. Lots of professional photographers love to work with people who can provide drone video and photo images.
Here’s a picture of one of my recent maternity pieces (underwater).
What is your typical work schedule? How many hours does it take each week to run a photography business?
My typical work week varies depending on the time of year. I have weeks where I maybe work 5 hours and other weeks where I work 30 plus. But in general, even at my busiest, I still have freedom to do things with my family that matter, like church 2x a week, dance class 2 days, or enjoy time with my family and our little farm.
Each morning, I spend the first 15 minutes checking all emails, scheduling social media posts, and responding to DMs. I often also find that my best editing hours are between 10 p.m. and 3 a.m. because I have a two- and four-year-old! Batching content is also a great way that I save some time.
Is there room for new photographers?
Many may say no, but I say Yes!
Lots of room, and there will be room for anyone new. In any industry, there is always someone who is burned out, not driven, not open to changes in the industry. There is always a new style, but even more so, there is simply just a huge range of customers and what they are looking for.
There’s someone who wants a $100 shoot or a $10,000 shoot. So it’s important to know where you want to fall in there and to aim for how to build your business and create the quality product worth what you want your target market to be.
For new photographers, you can be a second shooter or an associate shooter for a well established photographer. This is a great way to start while still working a regular job and never have to edit anything except what you want for your own personal use. This is something most photographers, including myself, don’t know before taking the plunge to be professional.
Looking back, this is the perfect approach for someone with a job or a busy life not wanting to ruin their name doing free shoots and never gaining repeat clients. It’s also a great way to learn and cash flow everything while not taking huge risks.
Also, I am a strong believer in being a business with insurance and everything you need to be legit. You can start as a luxury photographer without having to spend 10 years to get there, but you need to be able to create a luxury product consistently, and that does take some time and guidance from others such as mentors. You will need honest feedback from someone who knows photography well.
Can you list the steps to get started with a photography business?
First make sure its something you want to do, my suggestion is shadow someone, watch Youtube videos or take a course like my free course: Is Photography right for you?
Next is get a camera, or even rent one, to learn how to shoot in manual and to build a portfolio for Instagram and your website. You should have 50-200 unique edited images that you feel, and others honestly feel, show the quality of what you would like to charge for your website.
I have found that honest criticism is key to success, so being able to hear someone say, “No, I would not pay $350 for your work,” and why is important. All friends and family will always sing your praises, but you need to know what clients or potential clients think when they look at your website. Be open to criticism, and allow it to help you grow, don’t ever let it set you back!
What are your best tips for someone who wants to become a photographer?
Find a prominent photographer in your area to shadow, or mentor under. You can even shadow or mentor under me from anywhere in the world. I also can help you find a reputable photographer in your area. Shadowing is really a great way to start.
My biggest tip, keep learning. The industry is constantly changing, growing with it is key!
Always accept criticism and be open to seeing your work through the eyes of others even if its discouraging at first it will help you to grow in the long run and eventually you will become your harshest critic.
Figure out the style you want to portray and use a preset to create consistency in your work.
Build a website and social media following.
Shoot as much as you can, even if it’s your neighbor or kids.
I do offer a mentorship program with an in-person and a virtual mentorship option. You can find the mentorship program information by clicking here.
What are your goals for your photography business for the future?
My goals for this year, now that I have hit a 6-figure-income photography business, is to create passive income. I would also like to grow and spend more time with my family.
Knowing that our family would like to possibly add another little one in the future and that I tend to take off up to 6 months postpartum, having passive income or finding ways to keep my photography business moving while I am out has been my goal.
With this in mind I created a team this past year, started another blog and a podcast. I also created The Mom Photographers to not only achieve my goals but also to help other moms have a one-stop shop to learn, grow, vent, and connect with other moms who are photographers. The Mom Photographers is a Facebook group as well as a website, blog, podcast, community, and educational hub.
I will be releasing a few courses in the next 6 months:
Is Photography Right for You?
How To Get Started as a Professional Photographer While Being a Mom
The Mom Photographers Course for Established Professionals Looking To Grow and Dedicate More Time With Their Family
Kids- College guide to photography as a Job: with a focus on growing wealth at a young age and avoiding debt.
I will also be going more in-depth with the podcast and YouTube, adding free educational information, weekly tips, advice from experiences myself and others have learned, business trends, and ways to grow.
My financial expectation this year is to hit $175,000 and 3-5year goal is $1 million/year. I always aim to set realistic expectations and my goals are higher. Over the last few years my income has grown each year by 50-100 percent, so for me a competitive goal keeps me motivated.
I am fortunate to have my husband, a retired military warrant officer, to be my support system and help me in all aspects. My husband is my rock who not only homeschools our kids while I do shoots but also drives me to each shoot and helps me stay on task. Without him, I would be nowhere near as successful. It is imperative for anyone’s success that they have a good support system if they have kids or a family.
We are also fortunate to have zero debt including our home – our mini modern farm, as we call it! Complete with our 4 dogs, 2 cats, 10 ducks, and 13 chickens.
Photography has very much been a financially freeing stream of income that has allowed us to live in a million-dollar paid-for home on top of my husband’s retirement from the military. It also allows our children to grow up with the unique opportunity of having both parents with them every day. I am 34 and my husband is 45, we believe in being debt free and cash flowing everything. Making Sense of Cents often talks about the many benefits of financial freedom, and how to grow wealth. When I mentor photographers I also make sure to include how important it is to not build a business on debt, and that saving for three categories is imperative- taxes, emergency fund, and equipment upgrades.