Know the minimum amount to open a savings account and understand any savings account fees before you get started.
June 23, 2023
If you’re looking for a way to safely store your savings while also allowing your money to grow through compound interest, a savings account could be for you. Savings accounts are ideal for building an emergency fund and saving for your goals. But before you open one for yourself, you’re probably wondering: Does it cost money to open a savings account? And if so, how much is it to open a savings account?
As you evaluate different savings accounts, take note of any initial deposit requirements, minimum balance rules, and potential fees before landing on the right one for you.
Understand the value of savings accounts
For all their simplicity, savings accounts provide many benefits to help you reach your financial goals. With a high-yield savings account, for example, you can:
Keep your savings secure
When it comes to your savings, safety and security are often a top priority. If you open a savings account at a financial institution insured by the Federal Deposit Insurance Corporation (FDIC), you can rest easy. That’s because FDIC insurance protects up to $250,000 per depositor, per insured bank, per deposit ownership category, and that maximum applies for each bank you have an account with, as long as the bank is an FDIC member. (Discover Bank is an FDIC member.)
Another safety advantage: Money in a savings account isn’t affected by swings in the stock or bond markets. So you’ll never have to worry about market turmoil draining your account.
Watch your money grow
Your money doesn’t just sit in a savings account—it grows with the help of compound interest. Compound interest allows you to earn interest not only on your initial deposit but also on any interest that your account accumulates.
The power of compounding can lead to some significant gains down the road. For example, say you put $5,000 into a savings account today with a 3.75% annual percentage yield (APY), which compounds monthly. In 10 years, without putting additional money into the account, your savings will have grown to just over $7,270. (That assumes the interest rate stays fixed at 3.75%, but interest rates can and do change over time.)
Using that same example, let’s say that instead of just letting your money sit there and grow, you add $100 to your account each month. In 10 years, you’d have about $21,800. That’s the power of compounding and diligent saving at work. (Feel free to experiment with the numbers using a compound interest calculator.)
Call it a sunny day fund—online savings with no monthly fees
Discover Bank, Member FDIC
Easily access your funds
Savings accounts provide account holders a convenient and accessible place to keep their money. Whether you’re managing your account from a computer, tablet, or mobile app, most financial institutions will allow you to move money into and out of your savings account with ease. Just make sure you know your bank’s withdrawal limits regarding your specific savings account. Exceeding those limits could lead to fees, which can eat into your savings.
Consider minimum deposit requirements
Some banks have a savings account minimum deposit, while others set a minimum balance threshold. Some banks even require both.
As you consider the savings account that’s right for you, make note of these two common requirements:
Minimum initial deposit
This is the minimum dollar amount needed to fund the savings account via the initial deposit. Choosing a bank without a minimum is always an option, though. For example, Discover Bankdoesn’t require a minimum amount to open a savings account.
Minimum balance requirements
Sometimes banks will require you to maintain a minimum amount in your savings account. And if you don’t? You could get hit with a monthly fee on your savings account. The Discover Online Savings Account has no online savings account minimum balance requirements, but some other banks do, so be mindful.
If you’re just starting out on your savings journey, having to abide by any minimum requirements can make a difference. Pay close attention to make sure you open a savings account that’s the best fit for you.
Look out for savings account fees
When choosing a savings account, make sure you know about any savings account fees that could be triggered. Here are three to look out for:
Savings withdrawal limit fee
In 2020, amid the pandemic, the Federal Reserve suspended Regulation D, which had limited transfers or withdrawals on savings accounts to six per month, according to Bankrate. While that means the federal government isn’t currently regulating the maximum number of withdrawals or transfers an account holder can make, individual banks may have their own rules and may impose a fee if you exceed their limits.
If a financial institution does have savings withdrawal limit fees, you can avoid them by learning how many transactions (such as third-party transfers, bill payments, and bank transfers) your bank allows each month.
Insufficient funds fee
Just like a checking account, your savings account may incur a fee if you withdraw more than what’s available. To prevent this, monitor your account balance closely by keeping track of all withdrawals and transfers. If you want more of a hands-off approach, look for a savings account with overdraft protection, such as the Discover Online Savings Account, which doesn’t impose insufficient funds fees.
Monthly maintenance fee
Discover Bank never charges monthly maintenance fees, which can be incurred if certain requirements, such as minimum balances, aren’t met. Be sure to look into what conditions could activate monthly savings account maintenance fees at your bank so you can avoid them. (Or choose a bank that doesn’t have them at all.)
Find the savings account that’s right for you
While everyone’s financial needs differ, it’s a good idea to keep some key features in mind when researching potential savings accounts. Here are a few tips as you make your decision:
Look for low (or no) fees
If you can, find a bank that doesn’t charge excessive fees (or, ideally, any). When you’re trying to build up your savings, savings withdrawal limit fees, insufficient funds fees, and savings account maintenance fees can add up quickly.
Seek a high rate of return
Look for a savings account with a favorable interest rate so your money can grow as quickly as possible. High-yield savings accounts like the Discover Online Savings Account can offer a significantly higher annual percentage yield than the national average.
Assess the services offered
In these days of online banking, it’s all about convenience. So look for an easy-to-use mobile app, 24/7 customer service, and other services that are important to you.
Ready to open a high-yield savings account with no fees or minimums?
Whether you’re trying to build an emergency fund or save up for a big goal, a savings account can help you get there. Now that you have a complete understanding of high-yield savings account minimum deposits, fees, and interest rates, you’re ready to make the right decision for you.
If no fees and a high yield sound good to you, check out the Discover Online Savings Account to see how it can support your goals and fit your lifestyle.
Articles may contain information from third parties. The inclusion of such information does not imply an affiliation with the bank or bank sponsorship, endorsement, or verification regarding the third-party or information.
When it comes to apartment living, ensuring the safety and security of your living space is crucial for your experience. Being aware of potential hazards that can arise during your lease term can save you time and money and protect you and your living experience.
We’ve gathered eight potential apartment mishaps and the practical tips and tricks renters need to know to safeguard their space. By taking proactive measures, you can create a safer living space and enjoy peace of mind in your apartment.
1. Fire
There are a lot of steps taken by property management for renters to protect them against fires. They install smoke detectors in key areas of your apartment and ensure they are in working order. Renters should take it one step further, by regularly testing them and replacing batteries as needed.
Residents should also inform themselves of the tools readily available in the building in the event of an emergency. Hallways should have fire extinguishers readily available and renters should educate themselves on how to use them. Additionally, it’s key to familiarize yourself with the building’s fire evacuation plan and exits.
2. Mold
Renters can take proactive steps to prevent mold growth in their apartments. One effective measure is to ensure proper ventilation by utilizing the installed fans in bathrooms and kitchen areas. These fans help to remove extra moisture from these high-moisture areas, reducing the chances of mold formation.
It is also crucial to promptly report any water leaks or excessive moisture to the landlord or property management. Necessary repairs or actions are then taken to address the issue and prevent mold growth. In the case of wet areas, it is important to clean and dry them to reduce the likelihood of mold growth.
3. Pests
To safeguard your space from critters, start by keeping it clean and free of food crumbs. You can do this by regularly vacuuming and sweeping the floors, wiping down surfaces and immediately cleaning up any spills or crumbs as they come.
Another kitchen trick is to store food in airtight containers and promptly dispose of garbage in sealed bins. You can also request maintenance to seal any cracks or gaps in windows, doors and walls you notice to prevent pests from entering.
If necessary, use non-toxic pest control methods like traps or baits, or request your apartment to consult a pest control service to address any infestations you notice like bed bugs. These preventive measures effectively protect your apartment from pests and help you enjoy a pest-free living space.
4. Carbon monoxide poisoning
Protecting your apartment from carbon monoxide (CO) poisoning is crucial. Ask the leasing staff if CO detectors are in their apartments and if they’re not, request they do so or install your own. Other tips include avoiding indoor use of grills, keeping vents open and not blocked and educating yourself and your roommates about CO poisoning symptoms.
Common symptoms include headaches, dizziness, nausea, confusion, weakness and difficulty breathing. As carbon monoxide is colorless and odorless, it is challenging to detect without equipment. If you experience these symptoms and suspect carbon monoxide poisoning, it is important to evacuate your apartment immediately, seek fresh air and contact emergency services.
5. Electrical issues
Some common electrical issues renters may run into during their lease include power outages, tripped circuit breakers and faulty switches or outlets. While the on-site maintenance team is the best resource in most of these situations, there are a few things renters should have on hand in case of emergency.
During a power outage, having a portable battery pack is essential. You can charge your electronics, plug in a flashlight and have power on hand for however long you may need it.
For tripped circuit breakers and faulty switches, it’s best to leave these alone and consult the apartment maintenance team to avoid making the situation even worse. You can avoid these mishaps by not plugging too many things in at once and checking for faulty switches and plugs when you initially move in and notifying the leasing staff.
6. Burglary
While apartments are generally secure, burglaries can still occur meaning additional security is necessary. Start by checking that all potential entry points, including doors and windows, have sturdy locks in good condition.
You can reinforce sliding doors with bars or a security rod with tools for additional peace of mind as well. If your apartment comes with a security system, it is worth the additional fee to utilize it for less stress. If they do not, consider installing an apartment-approved security system like a Ring doorbell camera to keep an eye on your apartment surroundings.
It’s also important to establish good relationships with your neighbors, as they can act as an extra set of eyes and ears. If you’re going to be gone for a long period of time, asking a neighbor you trust to collect any packages or mail left in front of the door also helps your apartment appear occupied during your absence.
7. Storm damage
From light rain to tornados, there is a lot you can do to protect your apartment, belongings and yourself from potential damage. In the case of bad weather, make sure to remove any patio furniture that would be blown away or damaged by rain and other weather conditions. Moving your car to a higher level in the parking garage or a higher elevation spot on the road will also protect your car from the damage of flooding.
In severe weather, secure any loose items or furniture inside your apartment that could be easily knocked over during a storm. Another essential step is having an emergency kit prepared with essentials like flashlights, batteries and a first aid kit. Lastly, determine the building’s area designated for residents to go during a storm. If your building doesn’t have a storm shelter, choose an enclosed spot away from windows.
8. Personal safety
We’re not always in our apartment, and it’s important to stay aware of your surroundings even in apartment common areas, garages and mail rooms. Avoid getting your mail or moving your car late at night to protect yourself from others.
If your apartment has a gate code or main door code, avoid sharing with too many individuals, as limiting access helps maintain security and prevents unauthorized entry. Being vigilant and cautious in these shared spaces can significantly contribute to the overall safety of your apartment.
Protect yourself and your living experience
As a savvy renter, you may not have complete control over your apartment living experience, but there are numerous proactive steps you can take to enhance your safety and well-being. By following these tips and tricks and utilizing the apartment on-site teams, you’re protected from the expected and unexpected.
Ready to find your safe space? Start your apartment living journey today.
Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.
This probably sounds strange coming from a guy who has been anti-budget all his life. Besides, haven’t I paid off all my debt? Don’t I have a positive cash-flow of over $1,000 per month? Yes, these things are true. But I’ve noticed something troubling: I’ve begun to experience that lifestyle inflation I’m always warning others about.
Lifestyle inflation is the natural tendency to increase our spending as our incomes increase. When we get a raise at work, we’re likely to spend more at home. A little lifestyle inflation is fine. But there’s a real danger of becoming too comfortable with increased spending. Once we become accustomed to a certain lifestyle, it’s difficult to cut back.
Cracks in the Foundation
On our flight home from Orlando, Kris and I talked about my spending. It has increased in recent months. Some of this is deliberate. I’ve made a conscious decision to allow myself to spend more money on Wants. I can afford it. The trouble is that I’ve begun to spend indiscriminately again, and I’m afraid that’s a slippery slope. I’ll buy random magazines at the grocery store, or pick up a game for the Wii that I’m only half interested in.
I’m certainly not spending beyond my means, but I’ve begun to make more impulse purchases. I want to correct this now — before it becomes a problem. In the past, I’ve used a spending plan to help me meet my goals, and more recently I’ve been following the broad outlines of Elizabeth Warren’s balanced money formula:
But sometimes broad outlines aren’t enough. In this case, Kris suggested that a budget might help curb my impulsiveness, and I think she’s right. With a budget, I can set specific goals. I can focus on the things I really want instead of just spending on random things that appeal to me in the moment.
So, I’ve decided to create a budget. Not a comprehensive budget — my Income, Needs, and Saving are all fine — but a budget for my Wants. I want to exercise discipline in this area so that I’m spending on things that are actually important to me instead of random stuff, stuff that ultimately turns into clutter.
Blueprint for Success
To start, I reviewed my discretionary spending from last year and compared it to the totals from the first four months of 2009. This is where tracking every penny you spend can prove valuable. By comparing my past spending to my present spending, I’m able to detect trends. It’s very clear, for example, that I am again spending too much on dining out. Time to cut back.
Next, I thought about my goals. What is it that I really want to do? Lately, travel appeals to me. Kris and I both would like to take a vacation to Europe in 2010. To make that happen, I need to save. This gives me a medium-term goal to save toward.
Finally, I allocated a specific amount of money toward my monthly Wants. Remember, because I’m self-employed, I have an irregular income that passes through my business account first. If I pull out $2500 per month (after taxes) to act as personal income, that gives me $750 to spend on my passions. That should be plenty.
Note:Based on my Income, Needs, and Saving, I can afford to allocate $750 for Wants. This might seem high to some GRS readers. It would have seemed high to me once, too. But because I’ve paid off my consumer debt, I have $750 per month to spend on the things that make me happy.
Building the Budget
After collecting the data and setting my goals, I made a first pass at a budget. This is what I’ll use for June and July:
Books: $50/month
Comic Books: $50/month
Entertainment: $50/month
Clothing: $50/month
Charity: $50/month
Dining Out: $200/month
Vacation 2010: $200/month (plus small windfalls)
Miscellaneous: $100/month
Obviously, you might make different choices. I know that many GRS readers are avid contributors to charity, for example, and I suspect few of you budget for comic books! These are the allocations that seem to make sense for me and my situation. I’m sure that I’ll make changes to this budget as I work with it in the real world.
Actually, I have a lot of questions about how a budget should work in the real world. Because I’m a budgeting novice, I could use some help. I’m hoping that you experienced budgeters can answer some of my questions:
How often do you re-evaluate your budget? Do you make monthly adjustments? Quarterly? Yearly?
If you go over budget for a month, what do you do? Do you make immediate adjustments? Or do you simply try to correct things the following month?
What if I go under budget in a category? Does that mean I get to carry that money into the next month? Can I use it for a different Want category? (Perhaps sweep anything extra into the Vacation fund?) Or does does that money go to Saving instead? Or should I donate it to charity?
How do you track your spending against the budget? If I used the envelope system, I’d allocate the actual cash to each account before-hand. But what if I don’t want to have that much cash around the house? Is there a good way to keep track of current spending in each category? Should I carry a notecard with my monthly spending on it? (That seems to be what Bargain Babe recommends.)
Do you try to further reduce spending on these categories? For example, should I try to drop my budget for Dining Out even more?
This is a strange new world for me. Over the past year, I’ve been pursuing more and more advanced personal finance subjects and concepts. Yet here I am, in better financial shape than ever, about to implement a basic skill I’ve never mastered before. That’s okay. I believe it’s important to continue focusing on the fundamentals even as we tackle more advanced topics.
My Discretionary Spending: Bits and Pieces
I want to talk about a couple of my spending habits. One is a worrisome trend, and one is a thing I’m doing right.
Food for Thought
Long-time readers know that Kris and I love to dine out. It’s one of those things we’re willing to spend on. We cut corners in other areas of our lives so that we can afford to make this happen. Still, I’ve been concerned about my restaurant spending for the past couple of years. It seems a tad excessive.
How’d I do last year? Well, my grocery spending dropped, but my restaurant spending went up again — a lot. Here’s a look at five years of data:
In 2005, we spent $1423.39 to dine out 100 times, for an average cost of $14.23 per meal.
In 2006, we spent $1869.58 to dine out 108 times, for an average cost of $17.31 per meal.
In 2007, we spent $2051.93 to dine out 84 times, for an average cost of $24.43 per meal.
In 2008, we spent $2628.08 to dine out 77 times, for an average cost of $34.14 per meal.
In 2009, we spent $3443.61 to dine out 69 times, for an average cost of $49.91 per meal.
Holy cats! Will you look at those numbers? We’re only dining out about half two-thirds as often as we were in 2006, but we’re spending nearly three times as much per meal. At the current rate of spending growth, we’ll be spending $300 per meal in 2015! Since I can afford our current spending — I’m not living beyond my means — the real question is: Am I getting my money’s worth? I’m not sure that I am.
If I’m honest, I have to admit that I don’t like the idea that we’re paying $50 per meal. I’d much rather return to our former habit: Dining out more often, but spending less each time. To that end, I’ve been brainstorming ways we can work to cut costs:
We could do a better job of looking for discounts. We have an Entertainment book, and the local paper often features specials at local restaurants. We should take advantage of both of these. We used to do this, but have fallen out of the habit (primarily because we’ve become so used to eating at the same places again and again).
We need to find more cheap places to eat. Half the fun of going out is just going out. Sure, we love the fancy restaurants, but we used to be happy with Dairy Queen. (This is lifestyle inflation in action!) The real problem is that the cheap places I know and love (Cha Cha Cha and Imperial Garden) aren’t Kris’ favorites. We need to find cheap places we both like.
When we do eat in the same old haunts, we need to make an effort to reduce our spending. It’s okay to have an appetizer, entree, dessert, and drink all in the same meal now and then, but we could save money by cutting one or two of these from the mix each time we dine out.
Finally, we should invite friends to our home for dinner more often. As soon as the book is done (getting close!), I’m going to make a habit of inviting one family to dine with us every couple of weeks. We used to do this a lot, but have fallen out of the habit. It’s fun and frugal to have folks over for dinner.
So, that’s one part of my financial life that still needs work. Next, let’s look at something I’m doing right.
Tangent: Portlanders, help me out. What are your favorite cheap places to eat around town? Bonus points for inner southeast, West of 39th from Hawthorne south to Oregon City.
A Waning of Want
Here’s something that amazes me: We’re twelve days into the year and I haven’t spent anything yet on personal expenses. I haven’t even felt the urge. I’ve bought gas for the Mini and groceries for home, and Kris and I went out to lunch last Friday, but I haven’t spent a dime on gadgets or books or games or toys or magazines.
“Big deal,” you might say. “That’s how it should be.” You’re right. But for me, this is a big deal. All my life, I’ve had the uncontrollable urge to buy Stuff. It used to be that I couldn’t go more than a day or two without buying something. Even while writing this blog, that’s been the case. (I’ve just learned to channel my desires into smaller, cheaper things.) Now, as last, I seem to have licked it.
I still want things — no question! — but I’ve become very good at ignoring the wants and moving on. How?
Sometimes, I just put down the thing I want, turn off my brain, and walk away. I force myself to stop thinking about it. (Usually by thinking about something else — like our upcoming trip to Europe, and how I need to save for that instead.)
If I still want the thing when I get home, I put it on my Amazon wish-list. For whatever reason, that’s often enough to satisfy the strange inner workings of my mind. I feel comforted knowing I’ve let myself put it on a list where I won’t forget it.
I’m very good about using the 30-day rule to control my impulse spending. My Amazon wish-list plays a role in that, but so does my mountain of index cards. (My life wouldn’t be complete without index cards.) I have a handful of cards on my desk filled with notes about the things I want. It’s amazing how many times I sort through this stack and end up throwing cards away because I no longer want the item I’ve written down.
These techniques help me deal with desire. They don’t quell it completely — nor would I want them to — but they do keep it in check. That last rule is probably the most effective. By delaying purchases 30 days, I don’t feel like I’m denying myself. I can still buy what I want if I want it 30 days later, but I’m not just giving in to impulse spending. (When 30 days rolls around and I do still want something, it actually feels pretty good to be able to buy it.)
My current spending moratorium isn’t permanent, and I know that. In fact, the new Dick Tracy anthology comes out tomorrow, so if nothing else, I’ll be shelling over $25 for that.
Remember: there’s nothing inherently wrong with spending money on things that bring you joy. Problems arise when you finance these purchases with debt. If you’re meeting your other financial goals and have money left over, it’s good to indulge your interests and passions. Just make sure you’re getting value for the dollars you spend.
A Look Back to Previous Years
I believe there are two components to building wealth:
Reducing costs
Boosting income
Doing one or the other can help you meet your goals, but to really succeed, you must do both. My goal has been to create a significant positive monthly cash flow. I’ve managed to do this. But as my income increases, so does the temptation to spend more. Have I been able to fight the urge? It’s time for the annual review of my largest sources of discretionary spending:
Although I use comics as a prop for laughs at Get Rich Slowly, I’ve genuinely struggled with my spending on them in the past. Not this year. I made vast improvements in 2008, actually spending less on comics than I had planned. There are two reasons for this. First, I’ve narrowed my focus, collecting only those titles I most desire. I’m also making an effort to read all of the books I’ve bought but never finished. These two changes have helped me to spend less on this hobby.
At one time, I spent over $200 a month on books. Now I spend less than $40. I’m content with this number, especially since many of these are for our monthly book group. One reason my inclination to buy books has decreased is that I’m able to purchase personal-finance books through Get Rich Slowly, the business. (Plus authors and publishers send them to me for free.) This gives me a never-ending source of reading material, and makes me less inclined to spend time in a bookstore. And again, I’m trying to read books I own but have never finished.
Entertainment (2005: $478.81, 2006: $543.55, 2007: $1094.83, 2008: $897.91)
This number isn’t as bad as it seems. It includes two Decemberists concerts for me and Kris, and it also includes some of our television viewing. (Remember that Kris and I cut back to basic cable, and now we watch TV through Netflix and through the iTunes Music Store.) There’s also a one-time $236 event here that ought to have been a business expense. I’m not unhappy with my spending on Entertainment.
Many personal finance writers view pets as an unnecessary expense. To me, $35 a month to keep four cats is a bargain. It only costs me about a quarter a day for each animal, and they bring much more joy to my life than that. If Kris would let me, I’d be the “crazy cat lady” on the block. (Are there “crazy cat gentlemen”?) Note that our actual pet expenses are greater. Kris pays for their food, and that’s not reflected in these numbers
This includes wine, liquor, pipe tobacco, poker nights, etc. I don’t smoke regularly, but I do smoke a pipe maybe a dozen times a year. Most of this expense is for alcohol at dinner parties and social gatherings. My alcohol consumption did increase during 2008, which is a concern, but that’s not the reason for the increased spending. For the first time ever, we bought a couple of cases of wine. This will actually reduce the “wages of sin” in the long run, but it bumped the number for 2008.
Although this report is interesting, there are problems with my methodology. For example, I’ve included my grocery spending above (although it’s not really discretionary), but have not included spending on exercise equipment (which is discretionary). Also, Kris pays for much of our grocery shopping. Because we keep separate accounts, her share of that expense isn’t reflected in these numbers.
In order to be consistent from year-to-year, however, I’ve elected to continue reporting the same expenses in the same ways. You’ll have to take my word that the figures here are representative of my spending as a whole. This annual report is sort of like tracking a stock market index, I guess. It doesn’t reveal nuances, but it’s still a useful indicator of the Big Picture.
So despite cutting back on the areas that are really important to me — books and comics — my spending increased. And most of that increase came from dining out.
How did you do on your spending goals last year? Are there areas where you wish you spent less? If so, what strategies do you use to keep yourself in check?
Inside: Looking for fun things to do with friends? Look no further! This guide has 101 fun activities for you and your friends to enjoy. From painting parties to bowling nights, there’s something for everyone.
Do you ever feel like you’re in a rut, doing the same things with your friends all the time?
If you’re looking for some new ideas for fun things to do with friends, look no further!
We’ve compiled a list of fun activities for friends to do so you can find something that fits your mood.
Whether you want to get active and try something new, or stay in and relax together, we’ve got you covered.
So round up your besties and get ready for some fun!
Why spending time with friends is important
Spending time with friends is an essential aspect of human life. It provides us with an opportunity to bond, socialize, and create lasting memories.
The benefits of spending time with friends are numerous, and they range from improving our social skills to reducing stress levels.
By participating in activities that allow us to spend quality time with our friends, we will have better overall mental health.
What should friends do for fun?
There is no one answer to this question, as friends can have different interests and preferences.
However, some fun activities that friends could do together include going to the movies, playing sports, going out to eat, or attending a concert.
That is why we will cover so many various ideas for you and your friends!
The fun things to Do with Friends
We all know the importance of having friends in our lives. They are the people we rely on and confide in. They make us laugh, help us when we’re down, and are always there for us.
If you are wondering what should I do today, then we have you covered.
So, it’s important to have plenty of fun things to do with friends as well.
1. Go on a Scavenger Hunt
Scavenger hunts are a popular group activity that can be enjoyed by friends of all ages.
Planning and executing a scavenger hunt with friends can be a fun and engaging way to spend time together.
To get started, choose a location that offers a variety of interesting sights and sounds.
Next, create a list of items to find, such as a red bicycle or a funny sign.
Divide into teams and set a time limit for the hunt.
Use a special hashtag and have each team post a pic every time an item is found.
Nowadays, you can even buy a scavenger hunt kit to make it easier!
2. Play Board Games
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Board games are a great way for friends to have fun and connect with each other.
Some popular board games include Scrabble, Chess, and Monopoly, but there are many other options to choose from. Card games like poker and blackjack are also great choices. Party games like Charades and Apples to Apples can bring a lot of laughter and enjoyment.
Board games provide an opportunity for friends to engage in friendly competition, improve their strategic thinking and social skills, and have a great time together.
So, gather your friends, choose one of the best-selling board games, and let the fun begin!
3. Explore street food
Exploring street food with friends is an exciting way to satisfy your taste buds while spending quality time with your loved ones. From food trucks to pop-up stands, there are plenty of options to choose from.
Here are three street food examples that are worth finding:
Tacos: Bite into the crispy shell and savor the juicy meat, fresh salsa, and creamy guacamole. Tacos are the perfect combination of flavors and textures that will leave you craving more.
Gyros: Sink your teeth into the warm pita bread and taste the tender slices of meat, crunchy vegetables, and tangy tzatziki sauce. Gyros are a delicious Greek dish that will transport you to the Mediterranean with every bite.
Bao buns: Savor the fluffy steamed bun filled with savory meat, pickled vegetables, and sweet sauce. Bao buns are a popular street food item in Asia that will tantalize your taste buds with their unique flavors and textures.
Exploring street food with friends is an adventure that will take you on a gastronomic journey around the world. You can try new dishes, share your opinions, and bond over your love of food.
The joy of exploring street food with friends lies in discovering hidden gems, trying something new, and creating memories that will last a lifetime.
4. Get Messy with a Color Run
Participating in a color run is a unique and exciting way to stay fit while having fun with your friends.
This 5K run involves getting covered in colored powder while running through different stations. It’s a great way to stay active and create some memorable photos with your friends.
Plus, you get to support a good cause since many color runs are organized as charity events.
5. Watch a Movie Marathon
A movie marathon with friends is a fun way to bond and enjoy each other’s company. They provide a fun and relaxing environment to enjoy each other’s company and appreciate great films.
To plan and execute a successful movie marathon, follow these steps:
Choose a theme or movie series: Decide on a theme or movie series that everyone will enjoy. This could be a specific genre, actor, or movie franchise like “Harry Potter” or “Star Wars.” Or just pick a variety of old classics and new favorites.
Prepare snacks and refreshments: Popcorn, pizza, and soda are classic movie snacks, but feel free to get creative with your choices. You could even have a potluck and have everyone bring their favorite snack to share.
Arrange the viewing space: Make sure the viewing space is comfortable and has enough seating for everyone. Consider using blankets and pillows to create a cozy atmosphere.
So, grab some popcorn and gather your friends for a movie marathon that you’ll never forget!
The best movies can be found on Paramount Plus!
6. See What Festivals Are in Town
Attending festivals with friends can be a fun and unique activity to break up your routine. There are many different types of festivals to choose from, including food, music, art, and film festivals.
Additionally, there are usually free local events like food festivals, music festivals, farmers’ markets, and intercultural events.
Planning ahead and checking the festival schedule is important to ensure that all friends can attend. So why not gather your friends and try attending a festival together?
7. Hike
Hiking is a fantastic way to stay active and enjoy the great outdoors with friends.
Not only does it provide a great workout, but it also offers the opportunity to bond with your crew while surrounded by natural beauty.
You can even plan on these fantastic hiking trails for beginners or more experienced hikers:
In California, Big Basin Redwoods State Park offers a variety of trails ranging from easy to challenging, with the highlight being the 11-mile Skyline to the Sea Trail.
In Colorado, the Mount Falcon Park Trail offers stunning views of the Rocky Mountains and is a moderate 3.6-mile hike.
For those on the East Coast, the Franconia Ridge Trail in New Hampshire is a challenging yet rewarding 8.9-mile hike with breathtaking views of the White Mountains.
Remember to dress appropriately for the weather and terrain, wear sturdy hiking boots, carry plenty of water, and pack snacks to keep your energy levels up.
8. Go for a short road trip
Planning a road trip with friends can be a bonding experience, from working together on a collaborative Spotify playlist or burning some old-fashioned mixtapes to listen to on the road to stocking up on snacks and booking an Airbnb.
Going for a short road trip with friends is an excellent way to take a break from the daily grind and explore new places. It is also a reason to escape life’s hustles and bustles.
A spontaneous road trip might turn out to be a trip to remember as you explore unknown routes, stop at scenic spots, and try the local cuisine.
9. Host a Vision Board Party
A vision board is a visual representation of your goals and aspirations for the future.
Making a dream board with friends can be a fun and inspiring activity that promotes deeper social connections while helping you achieve your dreams.
It’s a crafting and manifesting activity that can help you visualize your dreams and work towards them with the support of your friends.
Learn how to host a successful vision board party.
10. Make Smoothies Together
Making smoothies with friends is a fun and healthy activity that promotes bonding and trying out new recipes.
You will need fresh or frozen fruits, such as bananas, strawberries, or blueberries, a liquid base like almond milk or coconut water, and optional add-ins like spinach, chia seeds, or protein powder to make smoothies.
Personally, I have found the Vitamix to blend the perfect smoothie!
11. Have a Karaoke Night
Karaoke is a great way to build confidence and create lasting memories with friends, so don’t be afraid to let loose and have a good time!
To host a successful karaoke night, start by choosing a venue such as a karaoke bar or setting up a karaoke machine at home.
Provide drinks and snacks to keep energy levels high and make sure to take plenty of photos and videos to capture the fun.
12. Have a Potluck Dinner
Having a potluck dinner with friends is a fun and affordable way to spend time together while enjoying delicious food.
To organize a successful potluck, consider the following tips:
Set a date and theme: Choose a date that works for everyone and select a theme to make the potluck more exciting. Some ideas for themes include Italian food, comfort food, or secret family recipes.
Assign dishes: Encourage everyone to bring a dish to share, and assign specific types of dishes to avoid duplicates. For example, one person can bring an appetizer, another a main course, and another a dessert.
Communicate and coordinate: Make sure everyone knows what they’re bringing and communicate any dietary restrictions or allergies. Coordinate with each other to ensure a good variety of dishes and avoid too many of the same thing.
A potluck is a great way to try new foods and bond over shared experiences. It’s also a money-saver and takes the pressure off one single host.
13. Skateboard/Roller-skate
Skateboarding and roller-skating are not only fun but also great ways to build friendships and community.
There are numerous activities that can be done while skateboarding or roller-skating with friends like:
Trying out tricks and stunts with friends can be a great way to learn and improve your skills.
Racing with friends can add an element of competition and excitement to the activity.
Obstacle courses can also be set up to test your agility and coordination.
Freestyle sessions can allow for creativity and self-expression.
Doing these activities with friends can provide support, encouragement, and a sense of camaraderie.
14. Have a DIY spa day
Spa days with friends are a fantastic way to bond, relax and practice self-care. It offers a break from the stress of daily life and provides opportunities for quality time together.
Moreover, hosting a spa day at home is a more affordable alternative to going to an actual spa.
You can confer with your BFF and figure out what kind of spa treatments both of you are in the mood for. For example, you can apply face masks, give each other manicures, or soak your feet in bath salts.
If you have the funds, you could even book a couple of treatments at a real spa and make it a real spa day! Regardless of where you have it, having a spa day with friends is an excellent way to relax, rejuvenate, and bond with friends.
15. Have a Craft Night
You don’t have to be crafty to enjoy craft night!
To have a successful craft night, start by choosing a craft that everyone is interested in and gather all the necessary supplies. A few craft ideas that are perfect for a craft night include making jewelry, painting, scrapbooking, or even DIY home decor.
Once you have everything set up, encourage everyone to let their creativity flow and enjoy the process of making something together.
Make sure to create a comfortable atmosphere by providing plenty of space to work and snacks to munch on.
16. Blow Bubbles
Roll by the time calendar and remember how much fun blowing bubbles was!
Blowing bubbles is a great way to spend a lazy afternoon or unwind after a long day.
You can go with the classic way of blowing bubbles or look into a bubble machine!
So, grab some bubble solution and wands and get ready for a fun and bubbly time with your friends!
17. Have a Water Balloon Fight
Water balloon fights are a fun activity to indulge in during the scorching heat of summer.
To make the water balloon fight even more enjoyable, you can incorporate team play or set up a tournament bracket. This will add a competitive element to the game and make it more exciting.
Regardless, having a water balloon fight with friends is a great way to beat the heat and have fun.
18. Plant a Garden
Gardening with friends is a rewarding activity that allows you to connect with nature and each other.
Plus it can also provide a sense of accomplishment and a source of fresh produce.
You can choose to plant a garden in someone’s backyard or join a local CSA.
Also, this is a continuous way to get together!
19. Spend Time in Nature
Spending time in nature with friends is a great way to relax, recharge and create lasting memories.
There are a variety of activities that friends can engage in while spending time in nature such as hiking, camping, picnicking, rock climbing, paddleboarding, and gardening.
Personally, know that spending time in nature with friends can be a refreshing and rewarding experience that allows friends to bond and enjoy the great outdoors together.
20. Sign up for a Recreational Sport
Signing up for a recreational sport is a great way to spend time with friends while staying active. There are many sports that are suitable for recreational leagues and can be played with friends, such as soccer, basketball, volleyball, and ultimate frisbee.
Playing team sports has many benefits, including building camaraderie, improving communication, and developing a sense of teamwork.
Costs associated with joining a league can vary, but many leagues have affordable fees.
21. Go Kayaking
Kayaking is a fantastic outdoor activity that is gaining popularity among friends who want to bond and have fun at the same time. It provides a great opportunity to explore new waterways, race each other, play games, fish, and take breaks to swim.
While kayaking, you and your friends can discover new places and enjoy the serenity of nature, which will help you to relax and forget about your daily worries.
Also, you have to work on your communication with each other while kayaking.
22. Cook Together
Cooking with friends can be a fun and rewarding activity that helps build strong bonds.
This is one of my favorite ways to spend time with friends. You can spend hours and never actually make anything edible and it doesn’t matter! Or you can create something absolutely delicious!
23. Join a Club
Joining a club with friends is a great way to try new things and meet new people.
There are many different types of clubs to choose from, including:
Book clubs
Hiking clubs
Cooking clubs
Bunco groups, and more.
Joining a club with friends not only provides an opportunity for shared experiences and new adventures but can also strengthen relationships by creating a common interest. Plus you meet on a regular schedule for spending time together.
24. Have a Painting Party
Painting artwork with friends can be a fun and fulfilling activity. Even better, plan to host a painting party with friends!
You hire someone with experience to help you out or you can watch a video on YouTube.
The best part is being able to exchange ideas and inspiration with each other to spark creativity!
25. Play Laser Tag
Playing laser tag with friends is a thrilling and exciting activity that is sure to get your adrenaline pumping.
This is always a must-do for most teens!
Playing laser tag with friends not only provides a fun and memorable experience, but it also helps build teamwork skills, promotes physical activity, and fosters friendly competition.
26. Go Birdwatching
Birdwatching is a relaxing and enjoyable activity that can be done with friends to appreciate the beauty of nature and learn about different bird species.
All you need to go birdwatching with friends is a simple guide to birds in your area, a pair of binoculars, bird seed, and a park or garden.
Birdwatching can enhance the bond between friends as they learn to identify different bird species and discover a new hobby together. It is a great opportunity to explore new trails, take pictures, and enjoy the scenic location.
27. Have a Marshmallow Fight
Marshmallow fights with friends are a fun and exciting activity that can help you forget your worries and bond with your friends.
You need a good laugh, right? This is exactly what you should participate in.
It’s a great way to relieve stress and enjoy some friendly competition with your friends.
So, grab some marshmallows, find a safe spot, and get ready for an unforgettable marshmallow fight with your friends!
Make sure to grab this indoor s’more kit!
28. Do Yoga
Yoga is a great way to improve flexibility, reduce stress, and promote overall well-being. Doing yoga in a class with friends or in a park can make the experience even more enjoyable and motivating.
Attending a yoga class with friends can be a fun and social way to exercise. You can encourage each other to push yourselves further and hold each other accountable for attendance. Additionally, practicing yoga in a group setting can help to create a sense of community and support, which can be beneficial for mental health.
Alternatively, practicing yoga in a park can be a great way to connect with nature and enjoy the fresh air and sunlight. You can bring your own mat or towel and find a quiet spot to practice. Practicing yoga outdoors can be a refreshing change of pace from the usual indoor studio setting.
29. Plan a Trip
Planning a trip with friends can be an exciting and bonding experience. It provides an opportunity to create unforgettable memories and explore new places with your closest friends.
However, it can also be expensive, so use this 100 envelope challenge to save for the trip.
Another way to save money is to be flexible with your travel dates.
Research your destination, create a budget, and be flexible with your travel dates to save money. With some dedication and effort, you and your friends can have the trip of a lifetime. Remember, the journey is just as important as the destination.
30. Explore a New Town
Exploring a new town with friends is an adventure that offers new opportunities to learn more about each other’s interests and create lasting memories. It allows you to discover new places, try local cuisine, and learn about the history and culture of the area.
When exploring a new town with friends, you can visit local landmarks such as museums, botanical gardens, and historical sites. You can also attend local events such as festivals, concerts, and fairs.
Don’t forget to try the local cuisine at restaurants and cafes.
31. Paint Pottery
Pottery painting is a popular activity to do with friends that allows you to unleash your creativity.
Thankfully, you can go to a business that provides all of the necessary supplies or you can purchase online.
Painting pottery can also be a relaxing and therapeutic activity that helps to reduce stress and anxiety.
32. Try a New Food
Let’s be honest… If it wasn’t for good friends, you may be missing out on different types of foods and cuisines.
Trying new foods with friends is an excellent way to break up your eating routine and have some fun while discovering new flavors.
So step out of your comfort zone and try something new – you never know what delicious dishes you might discover!
33. Visit a Farmer’s Market
Visiting a farmer’s market with friends is a fun and exciting way to spend a day outdoors. Not only does it support local businesses, but it also provides an opportunity to stock up on fresh fruits and vegetables.
Did you know the Palisade Farmer’s Market is one of the best in the country? I can attest to that; it was wonderful, especially during peach season.
There are many activities to enjoy at a farmer’s market with friends, here are my favorites:
Shopping for fresh produce: One of the main reasons to visit the farmer’s market is to stock up on fresh fruits and vegetables. You can compare prices, sample different varieties, and even learn new recipes from the vendors.
Trying free samples: Many vendors offer free samples of their products, from homemade jams to artisanal cheeses. This is a great way to taste new flavors and support local businesses.
Exploring local crafts: Along with food, many farmer’s markets also feature handmade crafts and artisanal products. You can browse jewelry, pottery, candles, and other unique items.
Eating street food: If you’re hungry, there are often food trucks and stalls selling everything from tacos to crepes. You can grab a bite to eat and enjoy it at one of the picnic tables or benches.
So why not gather your friends and head to a farmer’s market? You won’t regret it!
34. Compete with Minute-to-Win-It Games
This one is popular! Competing with Minute-to-Win-It games is a fun and easy way to spend time with friends while challenging each other’s skills.
To get started, gather a few household items and set a timer for one minute.
These games are not only a great way to have fun with friends, but they also improve hand-eye coordination and quick-thinking skills.
Plus this is a low-cost and entertaining way to bond with friends. Give them a try and see who comes out on top!
35. Host a DIY Escape Room
If you are looking for a cost-effective way to enjoy an escape room challenge with friends, setting up your own escape room at home is a great idea.
You can find free missions at Escape Team, and additional missions only cost a few dollars each.
Hosting a DIY escape room for your friends is an excellent way to challenge their problem-solving and teamwork skills in a fun and engaging way.
36. Join a Flash Mob
Joining a flash mob can be an exciting and memorable thing to do with your friends. Flash mobs are spontaneous gatherings of people who come together to perform a predetermined action, often in a public place.
Typically, flash mobs can range from dance performances to singing events and can involve people of all ages and backgrounds.
Participating in a flash mob can be a unique and fun experience that you and your friends can cross off your bucket list.
You can find local flash mob announcements by searching on Google or checking out websites that list flash mobs in your area.
37. Create a Time Capsule
Creating a time capsule with friends is an exciting and unique way to capture memories and special moments together. It allows you to reminisce about the past and look forward to opening the capsule in the future.
To create a time capsule, start by finding a sturdy waterproof container.
Next, gather items that are important to each of you, such as letters to your future self, photos, ticket stubs, and other mementos.
Add these items to the capsule and bury the capsule in a safe place, such as a backyard or a park.
Make a pact to open it up in a few years, say five or ten years or twenty years.
Cherishing memories with friends is important, and creating a time capsule is a fun and meaningful way to do just that.
38. Head to the Beach
Visiting the beach with friends is a great way to spend quality time together while enjoying the beauty of nature. There are many activities you can do with your friends at the beach, such as lounging under an umbrella, playing beach volleyball, building sandcastles, or having a picnic.
If you’re feeling more adventurous, you can go surfing, snorkeling, or take a walk along the shore. The possibilities are endless, and the memories you create with your friends will last a lifetime.
Whether you want to relax and unwind or have an action-packed day, the beach offers something for everyone.
39. Try an Art Class
Trying an art class with friends is a fun and fulfilling way to explore your creative side.
There are many places you can try painting or pottery! by going with a friend, it cuts out the scary risk of doing a creative project alone.
Don’t miss out on this opportunity to create something beautiful with your friends! This is a great experience gift idea, too!
40. Go Bowling
Bowling is a fun and engaging activity to do with friends.
Not only is it a great way to get some exercise, but it also offers a variety of fun things to do while playing. From trying trick shots to competing for the highest score, bowling is a great way to bond with friends.
Bowling is a fun and engaging activity that everyone can enjoy, regardless of their skill level.
41. Use Guest Passes
Typically, when you belong to a gym, museum, or any other membership-based activity. They will offer free guest passes.
This is a great way to hang out with your friends while enjoying a new activity. Or showing your friend one of your hobbies.
42. Go Snowshoeing
Snowshoeing is a winter activity that involves walking on snow with specialized footwear. It is a fun and unique way to explore the outdoors with friends while enjoying the beauty of nature.
There are many snowshoeing trails and locations that friends can explore together.
Snowshoeing provides an opportunity to get exercise, enjoy the peacefulness of nature, and bond with friends.
43. Get Creative With Sidewalk Chalk
Regardless of age, sidewalk chalk is a fun activity to do with friends that can ignite your creativity and bring out your inner artist.
There are a variety of ways to get creative with sidewalk chalk.
You can draw a hopscotch board and challenge each other to see who can jump the longest.
Create a masterpiece by working together on a huge drawing and experimenting with different styles and themes.
Play a game of tic-tac-toe and enjoy some friendly competition.
You can even use sidewalk chalk to write positive messages or quotes to inspire each other.
Spending quality time with friends is important, and simple activities like using sidewalk chalk can create lasting memories.
44. Have a Cocktail Party
Overall, the goal of a cocktail party with friends is to have fun and create shared experiences that will be remembered for years to come.
The best cocktail parties are based on a theme that will set the tone for the evening. Then, select a variety of easy-to-make and crowd-pleasing cocktails that will impress your guests.
Dress up smartly, put on some music, and decorate your space to match the theme. Provide snacks such as finger foods, cheese platters, and charcuterie boards to accompany the drinks.
During the party, encourage guests to mingle and try each other’s cocktails, while sharing conversation and laughter.
45. Go to a Drive-in Movie
Drive-in movies are a unique and fun experience that makes for a great activity to do with friends.
However, drive-in movie theaters are harder and harder to find. So, you may have to plan ahead for a local showing.
Once you arrive, park your car and settle in for the movie, chatting and joking around with your friends as you watch.
46. Meditate
Meditating with friends can be a powerful way to connect and improve your mental and emotional well-being.
To get started, find a quiet spot in nature, set up a blanket, and close your eyes. Take in the natural sounds as you sit in silence together.
Alternatively, you can attend a group meditation or breathwork session or hold a moon circle.
The benefits of meditating with friends include reducing stress and anxiety, improving focus and concentration, and deepening your connection with others.
47. Have an Insta Photoshoot
One of the best things about having a photoshoot with friends is that it offers you the opportunity to create memories together.
You can make funny faces, strike silly poses, and capture the moment in a photograph. You can also dress up in costumes and enact your favorite movie scenes together, which is bound to create some beautiful memories.
Whether you are looking to be goofy or play model, a photoshoot is an excellent way to express yourself and have some fun. You don’t necessarily have to photograph people either! You can experiment with still-life photography, food photoshoots, or even take pictures of landscapes.
P.S. You will always see teens taking photoshoots around town.
48. Play charades or Pictionary
Playing charades or Pictionary with friends is indeed a fun way to build excitement and laughter within the group while also improving communication skills and teamwork.
These guessing games are perfect for group activities and can elicit lots of shouting and laughter as people try to guess the correct word or movie.
You can even form teams and start a tournament to make it more interesting. Alternatively, card games such as poker, blackjack, spoons, and rummy are also fun and cost nothing to play if you already have a deck of cards.
All of these games can help improve your strategic thinking and social skills while having a great time with friends.
49. Make videos together
Indeed, making videos with friends can be a fun and exciting activity that creates lasting memories. There are many different types of videos that can be made with friends, such as music videos, vlogs, or short films.
The research suggests that enacting favorite movie scenes with friends can uplift the atmosphere as well. Dressing the part, rehearsing together, and video shooting the entire set can create fun moments that are bound to create some beautiful memories.
Making videos with friends can strengthen friendships and develop new skills such as video production and editing. The key is to have fun with your best friends and enjoy the time spent together.
50. Start a Band
If you and your friends have instruments, getting together and making music can be a fantastic way to bond and express yourselves while also encouraging collaboration and teamwork.
Creating music together is an excellent opportunity to learn new skills and experiment with different musical styles.
Plus, it helps create unforgettable memories and offers new opportunities to learn.
51. Create a Photo Album
In our digital age, putting together a photo album is another fabulous activity that you can do with friends.
Asking each friend to contribute a few photos and putting them in a friendship photo album is an excellent way to keep your memories close and spend an afternoon with your best friends.
Plus you are creating something you can enjoy for years to come!
52. Have a pillow fight
Having a pillow fight with friends can be a hilarious bonding experience that will make you forget all your worries.
To get started, find a spacious room or outdoor area where you can safely swing your pillows without breaking anything. Before starting the fight, agree on some basic rules to ensure everyone’s safety, such as no hitting in the face or aiming for sensitive areas.
Once you’re ready, grab your pillow and let the feathers fly! Don’t forget to laugh, scream, and dodge as you try to land a hit on your friends.
53. Attend park concerts
Attending park concerts is one of the best fun things to do with friends.
Not only are they affordable or free of charge, but they also offer a great opportunity to relax and unwind with friends.
This is something to enjoy after long work weeks!
54. Start a Business
Starting a business with friends can be a great way to combine your passions and skills while also earning extra income.
However, before jumping into any business venture with friends, it’s important to consider the potential risks and challenges. It’s crucial to have a clear agreement and plan in place to avoid conflicts and misunderstandings in the future.
Another option is to research side hustles as a great way to earn extra income. There are numerous side hustle ideas that can be done with friends such as dog walking, pet sitting, house cleaning, and tutoring.
Learning how to make money online for beginners is a hot topic.
55. Play Tourist in Your Own Town
Playing tourist in your own town can be a great way to spend time with friends while discovering new sights and experiences. There’s no need to travel far when there are plenty of activities to do in your hometown.
To start, visit local landmarks such as museums, historical sites, or city parks. These places offer a glimpse into the history and culture of your town.
Try out new restaurants and cafes that you haven’t been to before. It’s a great opportunity to sample local cuisine and support small businesses.
Attending local events such as concerts, festivals, or farmer’s markets can also be a fun way to experience your town.
Exploring the outdoors by taking a hike, bike ride, or even a picnic in a nearby park can be a refreshing change of pace.
Playing tourist in your own town not only allows you to discover new places but also strengthens friendships by creating shared memories and experiences.
56. Play games via video call
Playing games with friends remotely is indeed a great way to stay connected despite the distance.
There are various options available for playing games online with friends, such as board games, card games, and online games like Fortnite or Minecraft. Additionally, apps like Words with Friends or Yahtzee with Buddies can also be used to play games with friends remotely.
If you prefer non-digital games, you could play games like “Would You Rather?” or “Truth or Dare?” on a video call.
Playing games with friends online is an excellent way to spend time together and maintain a strong connection, even when you can’t be together physically.
57. Go to a bonfire
Going to a bonfire with friends is a fun and memorable activity that allows for bonding through storytelling, laughter, and shared experiences. Honestly, I forgot how fun a bonfire was until I went last weekend!
A bonfire is an outdoor gathering around a fire, typically held on a crisp fall evening.
With the hot temperatures and risk of fires, I would plan to attend a bonfire put on by an organization with fire trucks readily available.
Ensure there are snacks and drinks, and follow safety precautions. Overall, a bonfire with friends is a great way to escape the monotony of life and create lasting memories.
58. Bake something delicious together
Baking with friends is indeed a fun and exciting activity that can bring people closer together. It provides an opportunity to bond and share a sweet treat afterward.
One can choose a recipe they would like to try, whether it’s an old standby or something brand new. A cake, a sweet fruit pie, or a few batches of favorite cookies are some of the options that one can bake and decorate.
Alternatively, holding a friendly bake-off is a good way to bond competitively with friends.
So, next time you’re looking for something fun to do with your friends, why not try baking together?
59. Go camping together
Camping with friends is an excellent way to bond and enjoy the outdoors while disconnecting from technology. It is a cheap and fun hobby that offers numerous benefits, including strengthening friendships.
Whether you choose to camp in a nearby park or your backyard, sharing stories around a campfire, cooking meals together, and exploring nature can be a healthy move for everyone to unwind.
Camping provides an opportunity to enjoy the serenity of nature away from the disruptions of city life. You can hitch a tent, make a bonfire, roast some marshmallows, and play games, which is sure to be an adventure away from the hustle and bustle of the city.
It is important to plan ahead, bring necessary supplies, and follow safety precautions to ensure a fun and safe camping experience.
60. Go Geocaching
One of our personal favorite activities.
Geocaching is a fun and exciting activity that involves using GPS to find hidden containers or “caches” outdoors. It’s like a real-life treasure hunt that can be enjoyed with friends.
To get started, one can download the official Geocaching app for free.
Geocaching can be a great way to explore new places in your local area with friends while having fun. With GPS coordinates, you can search for hidden treasures that are waiting to be discovered.
61. Go to A Local Coffee Shop
Going to a local coffee shop is a great way to spend quality time with friends. Aside from being a cliche, it is an easy thing to do and offers a comfortable environment to catch up with your friends.
You can order your favorite beverage and indulge in a little slice of cake while chatting about everything you have missed since you last spoke.
A coffee shop offers a cozy and relaxed atmosphere, which makes it a perfect spot to hang out with friends.
Going to a local coffee shop also supports small businesses in your community. It is also a great way to discover new cafes and coffee shops in your area, which can become your new favorite hangout spot.
62. Volunteer
Volunteering with friends is a great way to give back to the community while having fun with your pals.
There are various ways friends can volunteer together, such as helping out at a local animal shelter, sprucing up city landscaping, or serving meals at a soup kitchen.
Volunteering with friends strengthens relationships, gives back to the community, and is a fun way to do good.
These are the best ways to capture your bucket list and find ideas!
FAQ
There are a number of things you can do right now with friends. You can go for coffee, take a walk, or visit a museum. You could also consider doing something more active, such as going for a run or playing a sport.
Whatever you choose to do, make sure you enjoy it and spend time with your friends.
The important thing is to find something that you both enjoy so that you can have fun together.
You can watch a movie, play video games, go for a walk, listen to music, or even just sit and talk.
What Fun Places to Go with Friends Will You Choose?
These unique activities are just a few examples of the many fun things you can do with your friends.
Don’t be afraid to try something new and get creative! Who knows, you might just discover a new favorite activity.
A little short on cash? Don’t worry… here are 101 things to do with no money.
So, gather your friends and start planning your next adventure together.
And if you have any unique ideas of your own, be sure to share them in the comments below!
Know someone else that needs this, too? Then, please share!!
In-depth reviews of the best travel rewards credit cards
Capital One Venture X Rewards Credit Card
Pros:
Elevated earn rate on everyday spending
High welcome bonus for a reasonable spending requirement
Excellent travel perks and recurring benefits
Cons:
Travel bonuses are limited to Capital One bookings
High annual fee
Capital One pulls your credit from all three credit bureaus
The Capital One Venture X Rewards Credit Card is a relatively new travel credit card but has quickly distinguished itself as one of the best. See Rates & Fees.
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Annual fee: $395
Welcome bonus: Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening
Rewards: 10x miles on hotels and rental cars booked through Capital One Travel; 5x miles on flights booked with Capital One Travel; 2x miles on all other purchases
Travel benefits: $300 annual travel statement credit on Capital One Travel bookings; up to $100 Global Entry or TSA PreCheck® credit every four years; 10,000 anniversary bonus miles (worth $100 towards travel); unlimited Capital One lounge access (plus two complimentary guests); Priority Pass™ membership; Hertz President’s Circle® status*, and; no foreign transaction fees
Travel insurance: Travel accident insurance, auto rental coverage (See Rates & Fees.)
Read our full review of the Capital One Venture X Rewards Card.
The Platinum Card® from American Express
Pros:
Loaded with travel and dining credits that help offset the annual fee
Automatic elite status with Hilton and Marriott
Substantial welcome bonus that will cover at least one round-trip international business class fare
Transfer your points to 20 airline and hotel partners
Cons:
High annual fee
Lack of meaningful category bonuses
Requires excellent credit
The Platinum Card® from American Express has one of the highest annual fees at $695, but it also comes packed with travel credits and benefits galore. Taking advantage of them would get you well over $1,500 in value every year. Between the elite status perks, travel credits, digital entertainment credits, and lounge membership, it offers the most comprehensive travel perks of any credit card.
The Amex Platinum also offers best-in-class travel insurance. All you have to do is charge your travel bookings to the Platinum card, and you’ll be protected in case of cancellations and delays.
With a 80,000-point welcome bonus, you can book an off-peak round-trip business class ticket to Europe with All Nippon Airways miles. Or you can opt for economy class and cover up to four round-trip tickets to Europe using Flying Blue rewards.
The Amex Platinum is an excellent travel rewards card if you want a large welcome bonus and tons of travel perks. But the annual fee is hefty, and the card lacks any meaningful category bonuses beyond direct travel bookings. If you don’t think you’ll be able to get your money’s worth through the various credits every year, you might want to consider a different card.
Annual fee: $695
Welcome bonus: Earn 80,000 Membership Rewards® points after spending $6,000 within the first six months
Rewards: 5x points on flights and prepaid hotels; 1x point on all other purchases
Travel benefits: $300 annual Equinox credit (issued monthly); $200 annual credit on prepaid hotels booked through Amex Travel; $200 in annual Uber Cash (distributed monthly); $200 annual airline fee credit; $155 Walmart+ credit; $20 monthly digital entertainment credit; access to the Amex Global Lounge Collection; $189 CLEAR credit; Global Entry/TSA PreCheck® credit every five years; $100 Saks credit issued semi-annually; Hilton and Marriott Gold status; access to Amex Fine Hotels & Resorts; premium car rental status; no foreign transaction fees
Travel insurance: Primary rental car coverage; trip delay insurance (up to $500 per trip); trip cancellation & interruption insurance (up to $10,000 per trip)
Read more: Are Amex cards worth it?
Chase Sapphire Preferred®
Pros:
Generous earn rate on common spending categories
Flexible loyalty program with good transfer partner selection and ability to redeem for direct bookings through Chase Ultimate Rewards® at a rate of 1.25 cents per point
Generous travel benefits and protections for a mid-tier card
Cons:
Limitations on the highest spending categories
Bookings made with the $50 hotel credit don’t earn 5x points
The Chase Sapphire Preferred® Card has had the distinction of being one of the best travel credit cards for over a decade. The card is popular because it offers a generous welcome bonus, which is fairly simple to redeem. You can transfer points to one of 14 airlines or hotels. Or you can redeem points through Ultimate Rewards® Travel at just 1.25 cents each. This flexibility makes Ultimate Rewards® points (and the Sapphire Preferred® Card) incredibly valuable.
If one loyalty program devalues, you can transfer your points to a different partner. Just keep in mind that point transfers are not reversible, so don’t do it unless you’re ready to redeem the points.
The Chase Sapphire Preferred® Card is a great starter travel card, and its $95 annual fee is typical for a mid-tier card. However, if you don’t use the $50 annual hotel credit or earn at least 9,500 points per year to justify the annual fee, then it’s not worth it.
Annual fee: $95
Welcome bonus:60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Rewards: 5x points on travel booked with Chase Ultimate Rewards®; 3x points on dining (including eligible delivery services), select streaming services, and online grocery store purchases; 2x on other travel purchases; 1x on all other spending
Travel benefits: Up to $50 in annual credits towards Ultimate Rewards® hotel bookings; no foreign transaction fees
Travel insurance: Primary rental car collision waiver; up to $10,000 in trip cancellation/interruption coverage; purchase protection for 120 days; extended warranty protection
Read our full review of the Chase Sapphire Preferred® Card.
Citi Premier® Card
Pros:
High welcome bonus that transfers to 16 airline and hotel programs
$100 hotel credit on Citi ThankYou® Travel bookings of $500 or more
Reasonable annual fee
Cons:
No travel protections
$100 hotel credit excludes taxes and fees
At first sight, the Citi Premier® Card shouldn’t be on this list. The card has no travel protections, which is not ideal when booking thousands of dollars in travel. However, if you buy travel insurance anyway, then the Citi Premier® isn’t so bad. It’s a great card for maximizing spending on everyday purchases.
The card earns 3x points on select travel and common spending categories like dining, gas, and groceries. Cardmembers also get a $100 annual hotel credit valid on Citi Travel bookings of $500 or more. Considering the annual fee, this perk is pretty generous.
The Citi ThankYou® program is also one of the best, allowing you to transfer the card’s substantial bonus to 16 airline and hotel programs.
If you want a travel rewards card that really rewards you in your everyday life, this is a great card. Just think twice about charging expensive travel bookings to it, since they won’t be protected.
Annual fee:
Welcome bonus:Earn 60,000 bonus ThankYou(R) Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou(R) Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel(SM) portal through June 30, 2024.
Rewards: 3x points at restaurants, supermarkets, gas stations, air travel, and hotels; 1x on all other purchases
Benefits: Annual $100 hotel savings on a booking of $500 or more (excluding taxes and fees); no foreign transaction fees
Travel insurance: None
Read our full review of the Citi Premier® Card.
Card info has been independently collected by MoneyUnder30 to help consumers better compare cards. The financial institution did not provide or approve card details.
AAdvantage® Aviator® Red World Elite Mastercard®
Pros:
Easy welcome bonus
Free checked bags and priority boarding when flying American Airlines
Ability to earn a Companion Certificate every year
Cons:
$99 annual fee
Airline miles are more limited in use than transferable rewards
The best airline credit card is a tough one because it really comes down to your airline loyalty and whether you live near a hub city. But there’s a good reason we’ve chosen the AAdvantage® Aviator® Red World Elite Mastercard® for this category. The card offers one of the easiest spending requirements to complete and includes several ongoing perks that provide value beyond the $99 annual fee.
The Aviator Red card’s 50,000-mile welcome bonus is easy to earn. You only need to use the card once (for any purchase), and you’ll earn 50,000 bonus miles.
The card also offers a free checked bag on American Airlines flights, discounts on in-flight purchases and Wi-Fi credits, and a $99 Companion Certificate when you spend $20,000 in a year. Best of all: every dollar spent on this card counts towards elite status with American Airlines.
Annual fee: $99
Welcome bonus: 50,000 bonus miles after the first purchase and paying the $99 annual fee
Rewards: 2x miles on all American Airlines purchases; 1x mile on everything else
Travel benefits: $25 in statement credits towards in-flight Wi-Fi purchases; 25% discount on inflight food and beverage purchases; free first checked bag; preferred boarding; $99 Companion Certificate every year you spend $20,000 on the card; no foreign transaction fees
Annual free weekend night and resort credits help offset the annual fee
Generous category bonuses, with an additional spending incentive
Cons:
$450 annual fee
Priority Pass membership from American Express cards does not include access to airport restaurants
Hilton points have limited use
The Hilton Honors American Express Aspire Card is arguably the best hotel credit card. If you’re looking to earn Hilton points and make your next stay more rewarding, look no further.
Cardmembers get automatic top-tier Diamond status, which normally requires 42 nights, 21 stays, or 84,000 base points. Diamond members get free complimentary breakfast (or a dining credit at U.S. properties), club lounge access, space-available room upgrades, and 100% bonus points on paid stays.
Cardmembers also receive an annual free weekend night award, plus the ability to earn a second free night after spending $60,000 in a calendar year.
A $250 airline fee credit makes the $450 annual fee more palatable, along with the Priority Pass membership.
The only downside? American Express cards don’t get restaurant access with their Priority Pass membership, and some airports have restaurants that are part of the Priority Pass network. Members receive a credit of $28-$35 per person at these restaurants, which is handy when airline lounges are full or closed.
The Hilton Aspire Card offers a ton of value beyond the welcome bonus. Even if you just stay at one Hilton hotel a year, you can get your money’s worth. The card’s category bonuses make it easy to earn Hilton points. The only negative side to this is that you’re earning Hilton points rather than a transferable currency with more flexible use.
Annual fee: $450
Welcome bonus: 150,000 Hilton Honors bonus points after spending $4,000 within your first three months of card membership
Rewards: 14x points on hotels and resorts; 7x points on travel (flights booked directly with airlines or Amex Travel, cars booked with select companies); 7x points at U.S. restaurants; 3x points on all other purchases
Travel benefits: Annual free weekend night reward; $250 annual Hilton resort credit; annual $250 airline fee credit; $100 property credit at select hotels booked for two nights minimum; top-tier Hilton Diamond elite status; Priority Pass Select membership; no foreign transaction fees
Travel insurance: Secondary rental car collision coverage; up to $3,000 baggage insurance plan
Read more: The best hotel credit cards
Bilt Rewards Mastercard®
Pros:
Earn fee-free points on rent
Transfer points to 14 airline and hotel partners, most of which overlap with Chase Ultimate Rewards®
No annual fee
Cons:
Must make five transactions per billing period to earn points
Limited category bonuses
No welcome bonus
The Bilt Rewards Mastercard® is a relative newcomer to the travel credit card scene but has already shaken things up. The card has no welcome bonus, but it has one very lucrative feature: cardmembers can earn points on rent payments without paying fees. Services like Plastiq charge a 2.8% fee when you use a credit card for rent payments. Bilt lets you earn points without a fee if you make at least five transactions per billing period.
Bilt makes other purchases rewarding too. Cardmembers earn 3x points on dining, 2x on travel, and 1x everywhere else. In addition, cardmembers earn double points on the first of every month (except on rent payments). But what can you do with the rewards?
Bilt has 14 airline and hotel transfer partners, including Hyatt – which only partners with one other program (Chase Ultimate Rewards®). Bilt Rewards has 10 transfer partners in common with Chase, making this an excellent option if you want a no-annual-fee rewards card.
Annual fee: $0
Welcome bonus: None
Rewards: 3x points on dining; 2x on travel; 1x on rent payments without the transaction fee
Benefits: $5 Lyft credit when you take three rides per month; 3-month DashPass membership; travel perks on Rent Day (i.e., two-for-one Virgin Voyages sailings); no foreign transaction fees
Travel insurance: Trip cancellation and interruption coverage (up to $5,000); trip delay reimbursement (up to $1,800 per trip); auto rental collision coverage
Read our full review of the Bilt Rewards Mastercard®.
Chase Sapphire Reserve®
Pros:
The current welcome bonus is valid for up to $900 in direct travel bookings through Chase Ultimate Rewards® or can be transferred to 14 airline and hotel partners
The $300 annual travel credit offsets most of the annual fee
Excellent travel protections and benefits
Cons:
High annual fee
$75 fee per authorized user
The Chase Sapphire Reserve® Card is a great choice if you want a premium credit card that earns Ultimate Rewards®. The card currently has an elevated welcome bonus of 60,000 bonus points after spending $4,000 within the first three months of account opening. It also offers plenty of category bonuses to help you keep earning points beyond the initial bonus.
The $300 annual travel credit partially offsets the $550 fee. Cardmembers also get Priority Pass membership, up to $100 towards TSA PreCheck®, Global Entry or NEXUS application fees. The card also has plenty of travel protections, so you can charge your travel expenses with peace of mind.
Chase Ultimate Rewards® is a great program, whether you want to maximize its transfer partners or use it for direct travel bookings. Sapphire Reserve® cardholders can redeem their points for 1.5 cents each towards Ultimate Rewards® travel bookings. This flexibility is great for folks looking for simple redemption options.
Annual fee: $550 and $75 per authorized user
Welcome bonus:60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®.
Rewards: 10x points on Chase Dining and hotel and car rental bookings through Chase Ultimate Rewards®; 5x points on Chase Ultimate Rewards® flight bookings; 3x points on travel worldwide; 3x points on other dining purchases (including eligible delivery services; 1x points on all other purchases
Travel benefits: $300 annual travel credit; Priority Pass Select membership; up to $100 Global Entry, TSA Precheck or NEXUS fee credit every four years; Luxury Hotel & Resort Collection perks
Travel Insurance: Trip cancellation and interruption insurance (up to $20,000 per trip); trip delay reimbursement (up to $500 per ticket); primary rental car coverage (up to $75,000); lost luggage reimbursement (up to $3,000 per passenger); emergency evacuation and transportation coverage (up to $100,000)
Read our full review of the Chase Sapphire Reserve®.
Capital One Venture Rewards Credit Card
Pros:
High welcome bonus and simple rewards structure for maximizing mileage earnings
Excellent transfer partners
Generous travel perks for a low-annual-fee card
Cons:
Capital One pulls your credit from all three credit bureaus
Limited lounge network
The Capital One Venture Rewards Credit Card has it all: an excellent welcome bonus, a top-notch rewards program, and generous travel perks for a low annual fee. Cardmembers get up to $100 Global Entry or TSA PreCheck® credit and two complimentary annual visits to Capital One Lounges. These perks are highly unusual for a mid-tier card, making Capital One Venture Reward’s $95 annual fee an excellent value. See Rates & Fees.
The welcome bonus is the same as the Venture X Rewards Card. So if you don’t want to shell out the $395 annual fee, the Venture Rewards card is a cheaper alternative. The 2x earn rate on all purchases is especially significant if you want to elevate the rewards you earn on everyday spending without tracking category bonuses across multiple cards. This can be your one-and-done rewards card.
Annual fee: $95
Welcome bonus: Earn 75,000 miles once you spend $4,000 on purchases within 3 months from account opening
Rewards: 5x miles on hotels and rental cars booked through Capital One Travel; 2x miles on all other purchases
Travel benefits: Two free Capital One Lounge visits per year; Hertz Five Star status*; up to $100 Global Entry/TSA PreCheck® credit; no foreign transaction fees
Travel insurance: Travel & Emergency Assistance Services and Auto Rental Insurance (See Rates & Fees.)
Read our full review of the Capital One Venture Rewards Card.
American Express® Gold Card
Pros:
Category bonuses are great for maximizing everyday spending
Amex has 17 airline and hotel partners, with periodic transfer bonuses
Statement credits can offset the annual fee
Cons:
Car rental coverage is secondary — upgrade to primary coverage costs $12.25-$24.95 per rental through Premium Car Rental Protection
$250 annual fee is high
Statement credits are limited to select merchants
The Amex Gold Card is an excellent travel card for everyday use. It offers generous category bonuses to help you maximize everyday purchases. Plus, the card provides monthly statement credits at select restaurants and Uber Cash that can make dining out (and transportation) easier. The Uber credits are valid on both UberEats and Uber rides, making them great for travelers and homebodies alike.
The 4x bonus on dining applies to restaurants worldwide, so you can continue maximizing this bonus even while out of the country. The card also has several travel protections, so you have peace of mind when booking your trips.
The downside? The $250 annual fee is steep; not everyone will find value in the statement credits. Amex’s once-per-lifetime rule can also make the welcome bonus less attainable. My advice? Wait for a higher offer. Not too long ago, the card was offering 90,000 bonus points. Since you’re limited to one bonus, you might as well hold out for the highest one possible.
Annual fee: $250
Welcome bonus: 60,000 bonus points after spending $4,000 within the first six months of card membership.
Rewards: 4x points at restaurants worldwide; 4x points at U.S. supermarkets (up to $25,000 per year); 3x on flights; 1x on all other purchases
Travel benefits: $10 monthly credit valid at Cheesecake Factory, Gold Belly, GrubHub, Milk Bar, Wine.com, and select Shake Shack locations; $10 monthly Uber cash; no foreign transaction fees
Travel Insurance: Baggage insurance plan (up to $1,250); secondary car rental coverage
Read more: Amex Gold vs. Chase Sapphire Preferred® Card: Which travel rewards card is right for you?
How do travel credit cards work?
Travel credit cards offer rewards that you can redeem for nearly-free flights and hotel nights. There are generally three types of travel credit cards: ones that earn transferable points, that earn hotel points, or that earn airline miles.
A diverse points portfolio is part of a good travel hacking strategy, so you should aim for at least one credit card that earns transferrable rewards. This way, you’re not stuck with one currency and have flexibility in redeeming points. If one loyalty program devalues, you can transfer your points to another one. If one program limits award space, you can transfer points to one with the seats or rooms you need.
Travel credit cards go beyond points. Many offer recurring travel perks like free hotel nights, airline credits, lounge membership, elite status perks, and more. If you play your cards right, travel credit cards can improve your travel experience substantially and help you save money.
The only downside is that most travel cards carry annual fees. Some of these fees go as high as $695. You’ll want to evaluate the card’s features and recurring perks before choosing one. The last thing you want is to shell out thousands of dollars in credit card annual fees and not get your money’s worth.
What’s the difference between points and miles?
Points and miles are two different types of currencies that can be used for travel. Points are generally issued by hotel loyalty programs or banks, while airlines issue miles. Of course, there are exceptions. For example, JetBlue, Southwest and Air Canada all call their rewards currencies “points” rather than miles.
Most banks have transferrable rewards they call points — these rewards can be used towards travel or cash back at a fixed cost. Their best use is transferring them to participating airline or hotel loyalty programs. Most transfers are 1:1 and nearly instant.
Airline miles are ideal for flights, while hotel points are best for free nights. Some hotel chains let you convert your points to airline miles, though the transfer ratio isn’t ideal. For example, Marriott points transfer to most airlines 3:1, with a 5,000-point bonus for every 60,000 points transferred.
For the best points strategy, you should have credit cards that earn points and miles. However, consider getting a transferrable rewards card like the Capital One Venture if you want to narrow it down to one card. You’ll earn 2x miles on every dollar spent and have access to 15+ airline and hotel transfer partners.
And if you don’t want to figure out where to transfer your points, you can redeem them towards travel purchases at one cent each.
How to choose a travel card
With so many great options, choosing a travel credit card can seem overwhelming. Everyone has different goals and spending habits, so there is no “best credit card” that meets every need. But if you’re in the market for a travel card, there are a few factors to consider that will help you make the best choice:
1. Know the (credit card application) rules
Most banks require good credit for travel cards, but did you know they also have various rules that impact approvals? Before you apply for a credit card, you should familiarize yourself with these rules to avoid unnecessary rejection. Here are some credit card application rules from different banks:
American Express
Once-per-lifetime rule
Five card limit
No more than two cards within 90 days
American Express has three credit card application rules you should be aware of. The first is the once-per-lifetime rule, which applies to most credit cards. If you’ve received a welcome bonus for an Amex card, you generally will not receive it again. There are, of course, exceptions, especially on targeted offers sent via mail and email. Be sure to read the terms and conditions of any such offers you receive.
The five-card limit restricts you to no more than five Amex charge cards open at a time. This rule does not apply to business cards. You also won’t be approved for more than two Amex cards in 90 days.
Capital One
Welcome bonuses are restricted for existing cardholders
Many Capital One cards have language on the marketing page prohibiting the welcome bonus for anyone who has had the card before. The Capital One Venture X, Venture, and VentureOne have this restrictive language.
The Spark Cards are vaguer, stating, “The bonus may not be available for existing or previous Spark cardholders.”
Keep this in mind if you’re applying for a Capital One credit card you’ve had before.
Chase
5/24 rule
24 and 48-month rule
No more than two cards within 30 days
Chase’s 5/24 rule is perhaps the most well-known credit card application rule. If you’ve applied for five or more credit cards from any bank in the last 24 months, you won’t be approved for a Chase card.
The 24-month rule applies to the Chase Freedom Flex℠ and Chase Freedom Unlimited®. If you’ve had the bonus in the last 24 months, you won’t qualify for another one.
Similarly, if you’ve had a Chase Sapphire Reserve® in the previous 48 months, you’re not eligible for another one.
Lastly, Chase won’t approve you for more than two cards within 30 days. Keep these rules in mind and time your applications accordingly.
Citi
24 and 48-month rule
No more than one card every eight days
No more than two cards every 65 days
Citi won’t approve you for a Citi Premier® Card or Citi Rewards+® Card if you’ve had it in the last 24 months. Meanwhile, the CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard is off-limits if you earned the welcome bonus or closed the card within the previous 48 months.
Lastly, Citi will only approve you for one card every eight days or more than two every 65 days.
2. Get a card that suits your goals
When choosing a travel credit card, you should consider your spending habits and redemption goals.
Are you primarily a budget traveler looking to get the family to Disney World next summer? Or perhaps you want to experience the thrill of flying international first class with your significant other.
Your travel goals matter because they determine the rewards you should be earning and card perks that will suit your needs.
3. Decide on co-brand vs. transferrable rewards
As we’ve established, there are three types of cards: co-branded airline cards, co-branded hotel cards, and transferrable rewards. Think about which type of card will meet your travel goals. Generally, you’re better off with a transferrable rewards card because of the flexibility you have in using the points.
However, a hotel credit card might be handy if you’re planning a trip with hotel stays. You’ll get elite status and maybe even annual free nights. Meanwhile, you might consider getting an airline credit card for elite-type perks like free checked bags and priority boarding.
4. Go for a big welcome bonus
When it comes to welcome bonuses, you should aim for at least 50,000 points or higher. That’s pretty standard nowadays and enough to cover at least two round-trip domestic flights.
When you apply for a credit card, you incur a 2-5 point credit score hit, so make it count by getting a substantial bonus in exchange.
Read more: Best credit card sign-up bonuses
5. Evaluate your spending habits
Think about which categories you spend the most on and find a card that offers bonus points on that spending.
Similarly, if you’re not a big spender, you might want to steer clear of credit cards with large spending requirements. There’s no sense in applying for a card if you can’t meet the spend to secure the welcome bonus. Or even worse, if you have to go into debt to meet the requirement.
6. Pick a card with purchase and travel protections
Most people ignore this, but it’s crucial. Purchase protection can cover expensive items in case of damage or loss. The same goes for travel protection — if your trip is canceled for unforeseeable reasons, your credit card’s travel insurance can save you a lot of money.
So take travel and purchase protection into account when choosing a credit card. You’ll be glad if you ever have to use it.
7. Check the fees
Most travel credit cards have annual fees, ranging from $95 to $695. When choosing a card, be sure to take credit card annual fees into account. If you can’t afford the premium version of a card, downgrade to the mid-tier version.
Another type of fee that can add up is foreign transaction fees. Most travel credit cards waive these fees, but no-annual-fee cards like the Chase Freedom Unlimited® still carry them. You’ll pay an extra 3% just to use your card abroad. If you plan on traveling internationally, get a card with no foreign transaction fees.
Read more: Best credit cards with no foreign transaction fees
The bottom line: Should you get a travel credit card?
Travel credit cards are great if you want to earn or redeem points for cheaper travel. They can also save you money with perks like airline fee credits, free hotel nights, elite status, and waived foreign transaction fees. A travel credit card can be an excellent tool in your travel hacking arsenal.
However, it can also be costly if you don’t take advantage of their various perks and add more cards to your wallet without a strategy. Think through the steps we’ve outlined above and make your decision wisely.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
*Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.
When deciding upon life insurance coverage, especially when considering a five million dollar policy, it is important to shop around in order to find the insurer that fits both your needs as well as your budget.
Premiums for million-dollar life insurance rates can range quite a bit from company to company, which is why it is crucial that you consider getting quotes from multiple life insurance companies.
This is the number one way to save money if you need a large life insurance policy, regardless of the reason you need that high of a death benefit.
Sample Premium For A Five Million Dollar Policy
Many people ask us “how much is a million-dollar life insurance policy?” Before I give them the answer, I usually tell them to also look at higher death benefit levels, and not to just look at the cost of a 1 million dollar life insurance policy.
You will also have to decide whether to get quotes on permanent life insurance or term life insurance. For our purposes, we will look primarily at term life insurance rates because typically these are much lower than the average cost of permanent life insurance.
Pro tip: For large insurance policies – shop around! Prices will vary greatly from company to company.
Anyway, look no further! Below are a few examples of what you might expect to pay for five million dollar life insurance rates.
$5 Million Life Insurance Example
If you are a forty-five-year-old male seeking a five million dollar policy you may receive various ranges of preferred plus ratings depending on the company you go with.
For example, three A+ rated companies vary from $205.32 to $714.27 depending on the year level. All of these companies rate in our list of top ten life insurance companies, such as Banner Life Insurance Company.
A ten-year level term policy would cost you around $205.32 whereas a fifteen-year term policy increases to $305.37 and heightens to $427.17 when considering a twenty-year term.
Although this is just an example, it was used so that one can understand that life insurance rates do vary quite extensively in some cases.
Sample Rates for $5 Million Policies (Males)
Sex
Age
$5,000,000 20 year Term
Male
30
$157.47/mo
Male
40
$253.17/mo
Male
50
$740.37/mo
Male
60
$2,103.75/mo
Male
70
$7,973.88/mo
Sample Rates for $5 Million Policies (Females)
Sex
Age
$5,000,000 20 year Term
Female
30
$131.37/mo
Female
40
$214.02/mo
Female
50
$528.66/mo
Female
60
$1,440.91/mo
Female
70
$5,225.06/mo
All in all, it is important to realize that the range of costs depends primarily on a few things, such as the length of your term policy as well as the amount of money (death benefit) you are wishing to insure.
Therefore, it is important to search around for all of the options when looking to apply for a multi-million dollar life insurance policy.
Ladder Life
Quick. Easy. Ladder specializes in policies over $1,000,000. Apply online and get an instant decision.
Get An Instant Quote
Anytime you cross a certain threshold for life insurance premiums, especially getting up into the millions of dollars range, your life insurance company is going to be a little stricter in checking your laboratory tests. This is called life insurance underwriting.
Certain carriers will allow you to apply for life insurance with no exam, but once you cross the 1 million dollar life insurance level, expect them to take a much closer look at various aspects of their underwriting, which we will discuss further.
Obviously, it is appropriate for life insurance companies to do their due diligence for anyone wanting to buy life insurance in the millions. They wouldn’t be financially prudent if they didn’t.
Life insurance companies understand if they get a reputation for “easy underwriting” then insurance agents and consumers will go to that company if they have serious medical conditions. This is called adverse selection and their underwriting results would deteriorate; then they might lose money and possibly not be able to have enough reserves to pay death benefit claims.
Life Insurance Applications and Your Medical History
When applying for high limits for life insurance amounts, your medical history will definitely come into play. You will be asked a lot of health questions either in person by your life insurance agent or over the phone if you apply for life insurance by telephone or on the internet.
Go ahead and prepare for this by gathering all your information about the recent doctor or hospital visits such as dates of service, reasons for the visit, results of the service and whether that medical condition still exists, and whether or not it is under control. This would also include any prescription drugs you may be taking for that medical condition including dosage amounts and frequency.
According to the Center for Disease Control, the following statistics from 2014 (last complete year available) indicate the leading causes of death from medically related conditions in the US:
Heart disease: 614,348
Cancer: 591,699
Chronic lower respiratory diseases: 147,101
Stroke (cerebrovascular diseases): 133,103
Alzheimer’s disease: 93,541
Diabetes: 76,488
Influenza and pneumonia: 55,227
Nephritis, nephrotic syndrome, and nephrosis: 48,146
It makes sense that if you have one of these medical conditions that made this list, then you could expect to pay higher premiums for your life insurance policy. Since some of these diseases can be genetic, you will also need to have information about your parents and their health conditions, as well as information on the above diseases about your siblings.
Depending on your age and the death benefit levels you are applying for, life insurance companies will ask you to do various application requirements to allow them to perform their underwriting. All companies are different, and whether you are looking for life insurance at 50 years old, or life insurance for over 75 years old, may have different requirements for enrollment.
Since you are looking at a high death benefit amount, such as at least a million dollars of life insurance, then you will almost always have to either take a physical, or at least have a paramed examiner come to your home or office, and give you a “mini-physical.”
This usually involves a nurse checking your blood pressure, height, and weight, asking you the usual health questions about you and your family, drawing blood and obtaining a urine specimen for lab work, as well as giving you a portable EKG exam.
If you are applying for a 5 million dollar life insurance policy, then you will most likely have to take a complete physical from a Medical Doctor as well as take a Stress Test EKG from a cardiologist.
Why Life Insurance Companies want to Know about Your Lifestyle
Your lifestyle choices will definitely be a part of the determination of premiums you will be offered by life insurance companies, or whether you will be offered a policy at all.
Some of these lifestyle choices are as follows that you will be asked about on your life insurance application:
Do you smoke cigarettes, cigars, or chew tobacco?
Do you exercise regularly or engage in physical activities such as tennis, biking, etc.
Do you frequently travel overseas to dangerous places in the world?
You probably already know that stopping smoking and starting to exercise will increase your health and lower the average cost of life insurance.
Just for your information, here are a few lifestyle tips that have been shown by various studies to increase your life expectancy. They may not help reduce your term life insurance premiums, but they may help you live longer:
Floss your teeth regularly (helps reduce infections and inflammation in gums, resulting in less chance of infections in your arteries causing plaque buildup)
Eat more vegetables. Healthy vegetables prepared in a heart-healthy way.
Move out of Alaska and/or get lots of outside time (Vitamin D has several health benefits)
Wear your seat belt: Not related to disease prevention, but it sure can help with staying alive in an auto accident
Will Your Occupation Prevent you from Getting a 5-Million Dollar Life Insurance Policy?
Maybe. Maybe not. Life insurance company actuaries (the accounting folks who actually determine what life insurance companies will charge for their policies) also have to include factors based on the occupations of their applicants.
One of the occupations that consumers don’t think about that is a high-risk occupation is truck drivers and delivery drivers. This is because transportation accidents are one of the highest on the job reasons for deaths according to the Bureau of Labor Statistics.
Other occupations that are hazardous and might even preclude someone from getting a million dollar life policy are commercial fishermen, loggers, roofers, farmers, powerline installers/repairmen, traveling circus workers, etc. Also, if you work underwater or over 3 stories, that can give life insurance companies a cause to rate up your life insurance offer.
If you are in one of these occupations, you might want to just give us a call so we can go to some of our companies that offer life insurance to consumers engaged in high risk occupations.
Which Hobbies affect Applying for Life Insurance?
OK, you just bought that new Harley. You should have applied for life insurance first. Yes, riding a motorcycle can cause you to have to pay higher life insurance rates because life insurance companies would rather see you in a car wearing seat belts.
So now before you sign up for jumping out of an airplane because it is on your bucket list, buy your million dollar life insurance policy now to get a good rate.
Here are a few more hobbies that will cause your life insurance rates to be surcharged:
Mountain Climbing, including rappelling.
Scuba Diving
Car racing
Paragliding
Cave exploring (spelunking)
Why Would You Even Want to Get a Million Dollar Life Insurance Policy?
Many times people buy life insurance to help pay for funeral expenses or provide college education for younger children. If you are looking at a multimillion dollar life insurance policy, it is probably not for either of those reasons.
Most applications for these large death benefits are to use for a business or personal will. This could be to fund business buy sell arrangements or key man life insurance policies for a business, or to provide for estate taxes for an individual.
Sometimes both individuals and corporations will need a large policy to pay off debt in the event of an untimely death, or to provide for a generous donation to a charity to leave a lasting legacy in the name of an individual or corporation.
Get a Second Opinion (if you don’t like what you hear)
If the initial rate comes back much higher than expected, make sure you seek out rates from all the best life insurance companies. It should be noted, that as an independent insurance agency, we already do this for you. In one case, we had a client that was a real estate developer and was seeking $7 million of life insurance coverage. We decided to split the policy up between two carriers to diversify the risk for the two life insurance companies.
After the medical exam, one carrier rated him Preferred, while the other one rated him Standard Table 1. It was a $2,000 difference for both companies which left both myself and the client puzzled. We tried working with the company but their underwriter saw something different than the others so they didn’t budge. The end result was us shopping the policy with a 3rd insurance company that matched the least expensive option saving the client money while also keeping his large policy diversified.
We hope this will have fully answered your question of how much is a million-dollar life insurance policy.
If you have any further questions regarding life insurance, feel free to contact us with any of your concerns as we are always happy to address your specific needs.
Bottom Line
Do you need a $5 million dollar life insurance policy? Only you can answer that question. But if you do decide that you need such a large policy, the process of getting approved and finding the best company to buy from is not as difficult as you may think.
Just be sure to do your research and compare quotes from different insurers before making your final decision.
Are you a small business owner looking to find a bank that offers a comprehensive list of services, convenience, and safety? Do you want a bank that offers a brick and mortar in-person option or are you fine with online? Are you looking for a high APY? Or, are you just totally overwhelmed with all of the choices and different options?
Regardless, having a business bank account is just a smart move. You’ll be able to keep your business finances separate from your personal finances and, as you’ll see below, you’ll have access to critical business tools like invoicing for your clients.
No matter where you’re at in your search for a bank to support your small business, read on and let’s see if I can find a bank that best fits your needs.
What’s Ahead:
Overview of the best banks for small businesses
Financial Company
Best for
Fees
APY
Bluevine
Those who need to write paper checks
None
2.0% on balances up to $250,000 (conditions apply)
Novo
Freelancers and those with side-hustles
None
None
Lili
Freelancers looking for accounting tools
$0 for Lili Standard; $9 monthly for Lili Pro
2.00% APY with Lili Pro
Chase Business Checking
Those who want an in-person banking experience
$15 per month
OR
$0 per month if you deposit $2,000 or more in new money within 30 days of enrollment and maintain a $2,000 balance for 60 days OR if you maintain a linked Chase Private Client Checkings or Chase Sapphire Checking personal account
0%
Axos Bank Business Checking
Someone looking for a stellar online bank
No monthly fees No maintenance fees No overdraft fees
1.01%
LendingClub Bank
More established businesses
$10 per month if your balance is less than $5,000
0.10% APY if your balance is above $5,000
Bluevine
Bluevine has made a name for itself in the business banking world. With free business checking from Bluevine, you don’t need a minimum balance to start. Get unlimited transactions each month and online statements at no charge.
Keep more cash in your business’s coffers—you won’t be charged any fees for incoming wire transfers or insufficient funds. You’ll also receive two free checkbooks.
You can access your account at no charge at more than 38,000 MoneyPass ATMs nationwide. If your card is missing, you can lock the account in no time. And, when you need to deposit cash, you can visit GreenDot at more than 90,000 locations.
The mobile app provides a full range of features you’d get at a brick-and-mortar location, with the convenience of banking wherever you are. Check your balance, set up a transfer, and deposit checks with ease. Though Bluevine does not offer in-person service, you can get assistance from the support team via email or phone.
Bluevine also pays interest on your checking account. Currently, the APY is 2.0% on balances up to $250,000, which is significantly higher than the national average. To qualify for that interest rate you must meet one of the following monthly eligibility requirements:
Spend $500 per month with their Bluevine Business Debit Mastercard®, which can be used everywhere Mastercard® is accepted
Receive $2,500 per month in customer payments into their Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from their merchant payment processing provider
Banking with Bluevine can help your small business grow. Its checking account and additional features are flexible, quick, and easy to use. Bluevine also offers financing options, and it provides expertise in small business funding.
Learn more about Bluevine or Read MU30’s full Bluevine review here.
Novo
Novo was built with small business owners in mind. They offer a business checking account that comes with unique, easy-to-use features that are perfect for almost any business or freelancer.
Open your account whenever, wherever, in a matter of minutes with as little as $50. Novo won’t charge you a monthly fee.
The company prides itself on not surprising customers with any hidden fees. ACH transfers, funds wired to your account from the U.S. or abroad, and ATM use all have zero fees attached. Novo does charge a $27 fee if you have an overdraft on the account.
Novo’s made for banking on-the-go. Convenient features include TouchID app login, the ability to deposit checks by snapping a photo, and transferring funds with the touch of a finger. Novo offers stress-free integration with existing software like Quickbooks and Slack to pull your small business together.
While Novo was built for efficiency and simplicity, the company does have a top-notch customer support staff to assist you during regular business hours. You’ll get a real person—not a bot—and an answer to your question in less than an hour. If you’re working early or late, you can reach out for customer support via the app.
Learn more about Novo Bank or Read MU30’s full Novo review here.
Lili
Lili niches down even further than Novo, creating a banking platform designed specifically for freelancers.
You’ll get banking with no minimum balance or opening deposit required. That makes it easy to create a separate account for your business transactions, which becomes vital during tax time. There are no hidden fees, and the standard account is free.
With Lili, if you are paid via direct deposit, you’ll have access to those funds as early as two business days before you could use them in other bank accounts.
Access your account at no charge at more than 38,000 MoneyPass ATMs nationwide, and if your Visa® business debit card is missing, you can lock the account in no time.
But where Lili really shines is in its freelance-geared accounting tools. You can easily track your transactions in real-time and assign them categories. At tax time, just pull a report and you’ll have all your deductions right in front of you.
Lili also has a pro account (Lili Pro) that takes those business tools to the next level. With Lili Pro you’ll get customizable expense categorization and unlimited invoicing, and earn cash back on your spending with certain merchants, as well as 2.00% interest on your savings. There’s a $9 monthly service fee with this account, but it also covers you for up to $200 in fee-free overdrafts.
Lili also offers automatic savings features that allow you to have small amounts of money pulled out of each deposit and put into “buckets.” You can save for taxes, build an emergency fund, and more using this tool.
What’s best is that you can set up your account in just three minutes, perfect for the freelancer looking to save time (and money).
Learn more about Lili or Read MU30’s full Lili review here.
Chase Business Complete BankingSM
Chase offers in-person and online options. Whether you’re looking to open a personal or business account, credit card, or take out a loan they offer a total banking experience.
With Chase Business Complete BankingSM, you can handle your business banking on-the-go, online, or in person. Chase gives you access to more than 16,000 ATMs and more than 4,700 brick-and-mortar branch locations.
As a small business owner, you watch your budget closely. Chase Business Complete Banking℠ has a $0 monthly service fee if you maintain a $2,000 minimum daily balance for 60 days or if your account is coupled with your personal Chase Private Client Checking or Chase Sapphire Checking account. Otherwise, the monthly service fee is $15 with ways to waive (or $12 if you skip paper statements and get them electronically).
For a limited time, the bank is offering a $300 bonus to new Chase Business Complete Banking℠ customers who make a $2,000 new money deposit within 30 business days of the start of your new account. You also need to carry a $2,000 minimum balance over the span of 60 days and make five qualifying transactions, like debit card payments or wire transfers, in 90 days.
If you like the convenience of online access mixed with the comfort of knowing you can visit a traditional branch, Chase is a great banking option for your small business.
Learn more about Chase Business Complete BankingSM or Read MU30’s full Chase Business Complete Banking℠ here.
Axos Basic Business Checking
Axos is a digital bank that offers its customers a comprehensive banking experience — from checking and savings accounts to home, auto, and personal loans.
Its Basic Business Checking and Business Interest Checking are the best fit for small businesses. New business owners get a $200 welcome bonus with promo code NEWBIZ200. Not a new business? Use promo code NEWAXOSBIZ for a $100 bonus.
Basic Business Checking requires a $0 minimum opening deposit requirement. The account is not subject to monthly maintenance fees plus you get unlimited transactions.
Business Interest Checking requires a $100 minimum deposit to start. There’s no monthly maintenance fee if you carry a $5,000 daily balance. If the account dips below that, the monthly fee is $10. You get 100 transactions a month at no charge, then pay $.50 per item. With Business Interest Checking, you’ll earn a 1.01% APY*.
Enjoy the convenience of remote deposits anywhere and anytime via your mobile device. You can make cash deposits through wire transfer. Axos offers free online banking, mobile banking, and online bill pay free of charge.
You can integrate your account with QuickBooks to streamline your small-business budget processes.
If you’re ready to open an account for your small business, Axos has been in business for 20 years and provides a variety of online services to fit your needs. It’s a solid small-business choice.
Learn more about Axos or Read MU30’s full Axos review here.
LendingClub Bank
LendingClub is an online-only bank that offers a full suite of services for businesses of all sizes.
Its Tailored Checking product is the best choice for small businesses. It also features Relationship Checking and Account Analysis Checking for larger companies with a higher transaction volume, as well as Interest Checking for non-profits and municipal organizations.
If you’re a small business owner or independent contractor, Tailored Checking boasts ease of use and 27/7 online and mobile access. Account management features include the ability to deposit checks, do a balance inquiry, and examine statements and transaction history.
With your LendingClub account, you can transfer funds to internal accounts, conduct wire transfers, and issue payments to others.
You can access funds fee-free at 20,000 ATMs across the country. The LendingClub debit card comes with a host of protection options, including setting transaction, activity, and location limits, receiving real-time security alerts, and deactivating a missing card via the app.
Your LendingClub account integrates with Autobooks so you can create and email customer invoices, then receive payments via card or electronic transfer.
LendingClub accounts do have fees attached. You’ll pay $10 per month if your account balance is under $5,000, a $5 per day overdraft fee, and fees to initiate and receive wire transfers.
Learn more about LendingClub Tailored Business Checking or Read MU30’s full LendingClub review here.
What’s the difference between a personal and a business bank account?
It just so happens that there are some extra benefits that come with opening a business bank account including:
Added protection. A business account offers limited personal liability protection and purchase protection for your customers.
Line of credit. Many business banks offer you the option to take out a line of credit for your company. So, if you encounter an emergency or require some cash this can be incredibly helpful.
Additional information required. When it comes to opening a business bank account you will need to provide some additional information such as your Employer Identification Number (EIN) or Social Security number if you’re a sole proprietorship and business license.
Do I need a business bank account for my small business?
It is highly recommended that as a small business owner you have a separate business bank account for the following reasons. First, it helps to keep your business and personal expenses separate
Second, this separation is extremely useful when it comes time to do your taxes. You don’t want to be sifting through your personal expenses trying to identify a business cost.
Third, having a business account makes you appear more professional and legitimate. And fourth, if your company is legally separate from you, as with an LLC or Corporation, then you need to have a separate account to protect your personal property in case of a lawsuit.
What are some important features to look for in a small business account?
When you start your search for a small business bank account that will best suit your needs consider the following features:
Fees (maintenance fees, transaction fees, etc.).
Interest rates for savings and checking accounts.
Minimum balance requirements.
Security (FDIC member).
Location.
Access to ATMs.
Online vs. in person.
Card options (is a debit or credit card available).
Don’t it always seem to go That you don’t know what you got till it’s gone? They paved paradise, put up a parking lot …
—Joni Mitchell
It seemed like old times at my favorite Hollywood restaurant the other night. The rains had stopped and everyone was coming out for their favorite California comfort food. A fire was crackling in the fireplace and dessert soufflés were puffing up in the ovens. The party room upstairs was packed with 35 colleagues at a celebratory business dinner and downstairs every table was filled. But something strange was happening.
When diners finished their meals, they took out their phones and began photographing the place. Pictures on the walls had price tags on them. So did lamps and antique tables. Every now and then people hugged each other and wiped away tears. I was one of them.
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This was the last week of life for Off Vine restaurant, a treasured refuge from the hurly burly of Sunset Boulevard, housed in a bungalow with a 115-year history, a repository of countless, colorful movieland stories.
For me, this was personal. Off Vine had become my own Cheers. Like the theme of the TV show, it was the place “Where everybody knows your name / And they’re always glad you came.”
With my friends and neighbors I found camaraderie and a warm welcome at Off Vine for over 30 years. Like so many other Angelenos, we built memories here and shared delicious meals.
“You’re crying for a restaurant?” she said.
“No,” I said. “I’m crying for all we are losing.”
We also formed a society here called the Oy Luck Club, a tongue-in-cheek title that conveyed this was a place to have a good time. We celebrated birthdays and anniversaries. Some of us brought our children as babies and they grew up with this special group of “aunts” and “uncles.” They are now adults and still came back to Off Vine as if it were a second home, a family home. It was the glue that bound us together for the rest of our lives.
How can I tell you why Off Vine matters? If you have been there for a festive brunch on the graceful patio with its bowers of bougainvillea, you may understand. If you took family there for birthday dinners or, like one of my friends, you hosted foreign dignitaries for lunch to show them another side of Hollywood, you will understand.
Recently a friend told me, “You will have to find a new place to go instead of Off Vine.”
I caught my breath, whispered, “I can’t” and began to cry.
“You’re crying for a restaurant?” she said.
“No,” I said. “I’m crying for all we are losing.”
The owners did not plan this. They hoped to stay for a long time. But this is a story of the cost of insensitive development, the devaluation of our city’s history and a place that deserves to be preserved. Otherwise, a treasured piece of Hollywood history will soon be unremembered by anyone.
Hollywood legends
My own story is linked indelibly to the history of Hollywood.
Long ago and far away in a land called New Jersey, I spent many snowy days of childhood dreaming of a magical place called Hollywood where it was always warm and movie stars were everywhere. My dreams were enhanced by movie magazines, which showed a never-ending stream of glamorous actors dining and dancing at night clubs like Ciro’s, Cafe Trocadero, Mocambo and the Earl Carroll Theatre.
Food and drink played a role in the glamour life. Stars had private booths at the likes of Chasen’s and the Brown Derby, where an artist drew caricatures of the famous that hung on the walls. Even a soda fountain, Schwab’s, was famous because legend had it that Lana Turner had been discovered there sitting on a stool sipping a milkshake.
Years later, I would move to Hollywood, but those places were mostly gone, torn down in the march toward modernization. The celebrated history of the movie capital would become confined to the footprints at Grauman’s Chinese Theatre (now TCL Chinese Theatre), stars on the sidewalk and books about its fabled past. As a journalist with the Associated Press, I had the chance to interview stars at the Brown Derby with its big brown hat on the rooftop looming over Hollywood. But soon that too was gone, as was C.C. Brown’s, the birthplace of the hot fudge sundae.
So often I’d strike out when I went in search of a Hollywood landmark such as the Garden of Allah residential hotel, where stars such as Errol Flynn and famous writers including F. Scott Fitzgerald and Dorothy Parker lived and partied in their heyday. I found it had been demolished and replaced by a bank (which was itself torn down a couple of years back for a never-built Frank Gehry project).
But all was not lost. One day in 1989 I was driving around Hollywood with my best friend and fellow reporter, Theo Wilson, when she and I discovered a remaining piece of the wonderland I‘d been searching for. It was a small, hidden oasis of a restaurant called Off Vine. Tucked away on a street just south of Sunset Boulevard and east of Vine Street, it was a delightful bungalow with a traditional porch and an outdoor patio. When we stepped inside, the warming fireplace, coffered ceilings and vintage pictures of old-time stars and movie premieres made us feel we had come home. We learned the place had a colorful Hollywood history and just recently had opened as an eating place.
We sat down for a meal of California cuisine coupled with old-fashioned comfort food that pleased our taste buds. We knew this place was a keeper.
Over the years it became our go-to destination for brunches, dinners, birthdays and pretheater meals. We brought neighbors from our Hollywood Heights enclave and founded the Oy Luck Club, a name that reflected the lighthearted intent of the members who were part of a unique community that was not the glitzy movie capital but was Hollywood, a small town with homes and shops, block parties and interesting people.
At one time there were so many of us that we brought our own huge, round tabletop that unfolded to accommodate up to 16 people, our own version of the Algonquin Round Table.
Amid this idyllic camaraderie, we never imagined that one day we would lose our treasured piece of history and community. Sadly, that time appears to be now unless some rescuer turns up at the last minute to save it.
The parcel of land on which the restaurant sits has been sold to an investor who plans to tear it down and put up a row of apartments on the whole block. Off Vine sits on what will become an underground parking garage. (Cue the Joni Mitchell song.)
For the record:
12:29 p.m. March 29, 2023The final Oy Luck Club gathering at Off Vine was on a recent Saturday, not a Sunday as originally stated.
A couple of Saturdays ago the surviving members of Oy Luck Club gathered at Off Vine to celebrate two birthdays and reminisce about our beloved clubhouse.
One of those being feted was Diva Ward, 31, who had first come to an Oy Luck at Off Vine as an infant in the arms of her mother, Carol, who flew in from Wisconsin for the event. Also celebrating was architect Michael Mekeel, a founding member of Oy Luck. The oldest member present was famed actor Alan Oppenheimer, 92.
We ordered favorites from the brunch menu: a huge Belgian waffle with berries and bacon, eggs Benedict with exquisite hollandaise sauce, omelets, a breakfast quesadilla and salads. The grand finale was, as always, the signature Off Vine soufflé available in chocolate, raspberry or Grand Marnier. It had to be ordered half an hour ahead but was worth the wait. Nowhere else have I ever tasted such a rich, puffy soufflé.
Movie-worthy history
We shared memories with co-owner Richard Falzone who has saved Off Vine repeatedly. Everyone listened as I recounted the colorful story of the little house, which itself could be the inspiration for a movie.
The classic Craftsman bungalow was built in 1908 on a dirt road surrounded by fruit trees and orange groves off a newly formed country path called Vine Street.
With the burgeoning film industry in its infancy, houses began popping up to accommodate the actors, crews and producers who came west to get in on the new art form.
The house at 6263 Leland Way off Vine Street eventually was purchased by theater and nightclub impresario Earl Carroll for the actress and showgirl Beryl Wallace.
Carroll discovered Wallace in New York and put her onstage in his famous and somewhat scandalous “Vanities,” which featured elaborate productions with beautiful, scantily clad showgirls. She was his star. The two fell in love and for the next two decades she would be his girlfriend and constant companion. When he left Broadway under a cloud due to increasingly risqué shows, he decided to go West to seek a new venue for his extravagant dreams. He brought Wallace with him to Hollywood, where she had small roles in 23 films and performed at the Earl Carroll Theatre, a supper club and entertainment venue on Sunset Boulevard. The building’s exterior bore a 24-foot neon likeness of Wallace with the slogan, “Through these portals pass the most beautiful girls in the world.”
The club, which was colossal in size and from 1997 to 2017 housed Nickelodeon’s TV production studios, is set for renovation and has been declared a historic monument. Built by Carroll in 1938, it housed a 1,000-seat showroom where productions featured 60 showgirls performing on a double revolving stage. Members of Hollywood royalty were among those who paid $1,000 each for VIP lifetime memberships.
Wallace was its premier star, and Carroll felt she needed a residence that would also serve as a retreat between shows. He purchased the charming bungalow on Leland Way that became Wallace’s home. Later her mother lived with her there while the town of Hollywood grew around them. The Pantages Theatre is a few blocks away and the Cinerama Dome is around the corner. Schwab’s was up the street at Hollywood and Vine.
But not all Hollywood stories have happy endings. Tragedy struck in 1948 when Wallace and Carroll, en route to New York to discuss an even bigger project, died together in a plane crash in Pennsylvania. A year later, her mother, suffering from depression over the loss of her daughter, committed suicide.
The little bungalow was home to Beryl’s sister for a time and then was rented to several short-term tenants, including a music production company and a shoe repair shop.
In 1989 it emerged from hiding and became the unexpected restaurant known as Off Vine, which offered an escape from the chaos and glitz that is current-day Hollywood. One historian of the area said of the spot: “It has survived through the Roaring Twenties, the Great Depression, Hollywood’s Silent and Golden eras, numerous earthquakes, ambitious landowners and, in 2007, a disastrous fire.” But even the electrical fire that gutted the upper story and forced closure of the restaurant for two years while repairs were done could not kill Off Vine. Its savior since 1997 has been Falzone, a former Broadway theater performer who came West in search of his movieland dreams.
He found an unexpected career change when he took a temporary job as a server at Off Vine. He loved the place, worked his way up to general manager and became a part owner with two partners. Eight months later the fire sparked in antiquated wiring panels devastated the house.
But Falzone persisted. He set up an office on the front porch to handle calls from loyal customers and to deal with the city and insurance companies. Two years later, the Craftsman bungalow, looking the same as ever, reopened. It took $750,000 to save it.
The owners were required to bring the house up to code and added a sprinkler system, larger restrooms, a wheelchair ramp and a new state-of-the-art kitchen. The upper floor, used for parties, was restored with its 13-foot coffered ceiling.
“Our journey has been long and tumultuous, full of struggles and setbacks,” Falzone said at the reopening ceremony. “It also has come to exemplify the strength of a community that has continually offered guidance, encouragement and support to a small business that found itself struggling to reopen its doors during one of the worst economic crises our country has ever seen.”
Then L.A. City Council president and future mayor Eric Garcetti said, “This Hollywood gem adds to the continued revitalization of our community.” Loyal customers, including the Oy Luck Club gang, returned in droves. The rebirth of the Pantages Theatre as a venue for Broadway road shows brought audience members there for pretheater meals.
Things were going so well that Falzone decided it might be time to apply for designation as a Hollywood historic landmark. He was supported by Hollywood Heritage, a preservation group whose co-founder, architect Fran Offenhauser, has spearheaded campaigns to save historic buildings from the wrecking ball.
But the arbiters of such decisions looked at its history and ruled that because of the fire, which resulted in a few visible exterior changes, Off Vine did not qualify.
Then the pandemic hit and Falzone had to close. But again the little restaurant that could, with the help of government COVID subsidies, survived. Off Vine reopened as soon as it was safe and struggled to get enough servers. Some loyal employees returned. Amid all of that, Falzone was blindsided by the sale and was given notice that when the lease expires this April he would be required to vacate the property.
It turns out that Earl Carroll, in a seeming premonition and an act of love for his inamorata, added a codicil to his will stating that if he and Wallace should die together the property would go to her heirs. It was still owned by Wallace’s descendants 75 years later when they yielded to a multimillion-dollar offer from Invesco, a development firm that was interested not in the lovely little house but the land on which it stands.
Notice also was given to other nearby restaurants. A Chipotle has already relocated.
“This has been my life for 26 years. It’s been my heart, my soul, my baby and my family. It’s been my everything,” Falzone told me. “It’s not just a restaurant. People are coming into a family home and they are our family. It’s a home where there’s love, good food and good cheer.”
Offenhauser, who also is a founding member of the Oy Luck Club and a powerful advocate for Hollywood preservation, sees this as another nail in the coffin of Hollywood’s history.
“There is a real Hollywood and it’s getting smothered,” she told me as we commiserated about the impending loss. “It is not a sign of progress to destroy things that are meaningful. It’s important to integrate them with whatever is new that is compatible and complementary.
“It’s not rocket science to be able to save Off Vine,” she said. “If you recognize something is important you can build around it. It’s possible to build new and not destroy the old. In the alternative, the building could be moved to another lot. It’s not that complicated.”
We reflected on how many of us who are transplants to Hollywood made it our real hometown.
“For whatever reason when we came to Hollywood we bonded with it deeply,” Offenhauser said. “This bungalow reflects that. It means something much bigger than our individual personal memories. It manifests what neighbors mean; what Beryl’s life meant; how Richard knit people together with his unique grasp of food in a home; what a livable humanistic neighborhood in Hollywood — with neighbors walking by that porch — did mean and should mean.”
When I asked Falzone the other day what happened to the pictures and memorabilia of the beautiful Beryl Wallace that adorned the walls of Off Vine as long as I had been going there, he said the family came and collected everything. Sadly, there remains no evidence that the glamorous star ever lived there.
Deutsch, longtime special correspondent for the Associated Press, is known for covering the trials of O.J. Simpson, Angela Davis, Phil Spector, Patty Hearst, Charles Manson, Robert Blake, Lyle and Erik Menendez, Michael Jackson and many more. She has been a resident of Hollywood for more than 50 years, first in the Hollywood Heights and currently the Hollywood Dell.
Editor’s note: This is a recurring post, regularly updated with new information and offers.
If you’ve visited a Global Entry kiosk in the past two years, you may have gone through U.S. Customs and Border Protection’s new facial recognition process. It allows you to pass through Global Entry without scanning your passport or fingerprints.
CBP has been rolling out this technology since 2021 to facilitate an even quicker experience for Global Entry users when passing through U.S. customs. Unlike the original kiosks, these use a facial scan to confirm your identity when you arrive at a customs hall kiosk; they also eliminate paper receipts that travelers previously used to show agents.
A trusted traveler program run by the U.S. government, Global Entry allows preapproved, low-risk travelers expedited clearance upon arrival to the U.S. from abroad through automated kiosks at nearly 80 airports.
How do these new facial recognition machines work?
“The new paperless biometric kiosks use facial comparison and leverages mobile officer technology by confirming traveler identity and making an admissibility decision without producing a receipt,” a CBP spokesperson said. “This process will continue to enable increasingly contactless processing and a reduced environmental footprint through the elimination of paper receipts.”
With this new screening capability, you approach the Global Entry kiosks as normal and pose for a photo that verifies your identity. In theory, this whole process should take less than 30 seconds.
Like other technology implemented recently — including the Transportation Security Administration’s new computed tomography X-ray systems — facial recognition kiosks are designed to be more efficient. They also remove physical contact points between agents and travelers while minimizing environmental impact.
The updated Global Entry technology is part of a broader CBP and TSA effort to implement more facial recognition software. The hope is that it will expedite the identity verification process, including upon arrival in the U.S. and when passing through TSA security.
These efforts align TSA with Clear, the private sector’s equivalent of TSA PreCheck.
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In addition to time saved, this is also good news for parents of children who have Global Entry, as fingerprints on kids — especially babies — aren’t necessarily fully developed. Prior to this new process, families with children who weren’t fingerprinted had to see an officer before entry, significantly slowing down the process.
This technology potentially eliminates these issues and allows those globe-trotting children (and their parents) to enter the U.S. without a fuss, as TPG’s director of content, Summer Hull, recently experienced in coming home from Canada with her kids. She said:
“When we went through preclearance in Vancouver, we encountered the new Global Entry facial recognition machines. Typically, with younger kids, it’s been next to impossible to actually get their photo and fingerprints to register correctly and therefore, you usually have to see the agent. Though the new machines were confusing at first, it quickly became a fantastic upgrade as all you need to do is tilt the camera down a bit to see the kids, and there’s no additional scanning. It was fantastically simple and made having Global Entry for the whole family feel more valuable than ever since we actually all got to really use it.”
Where they are now?
As of June 2023, 15 U.S. airports have facial recognition Global Entry kiosks, including Dallas-Fort Worth International Airport (DFW), Miami International Airport (MIA), John F. Kennedy International Airport (JFK) and Seattle-Tacoma International Airport (SEA).
Global Entry is available at a total of 77 airports in the U.S. and abroad, including all major airports and all Preclearance airports.
Ways to save money on Global Entry
For $100, travelers can reap the benefits of both a Global Entry and TSA PreCheck membership for five years.
Fortunately, many cobranded airline and hotel credit cards offer up to $100 in statement credit reimbursement for the application fees associated with Global Entry or TSA PreCheck. This credit is typically available every four to five years.
Some of the credit cards offering this benefit are:
See here for a complete list of credit cards that offer a discount for TSA PreCheck.
Bottom line
With summer travel in full swing, expedited entry following an international trip is welcome news for travelers. Global Entry kiosks speed up the process by using facial scanners to verify identities.
In today’s world, it is so easy to buy new things at any hour of the day. All of us are blessed with living in a period of time where there’s a surplus of things all of us can purchase at our fingertips.
The issue that plagues our generation is not so much making sure we have enough of what we need, but quite the opposite. We have the difficult task of choosing what we want, when we want it, and not blowing every last dime on these things.
I know from personal experience, that quite a few millennials are very determined to have what they didn’t have growing up. So we overextend ourselves, and our finances, to overcompensate for that perceived shortcoming.
Or we spend more than we should – trying to keep up with the Joneses.
All of these things only cause more of our hard-earned cash to slip through our fingers. Which in turn, begins the slippery slope towards becoming terrible with money.
So, if you want to stop the money drain, become more disciplined and have a higher chance of reaching your financial goals, then these tips may just help you get there.
What’s Ahead:
1. Pay off your credit card debt in full every month
Even if using a credit card doesn’t cause as much emotional pain, the majority of us still prefer to use a credit card. With approximately 70% of us choosing a credit card over cash for transactions, the chances of credit card debt affecting your finances can be pretty high.
But, just because you choose to use credit over cash, doesn’t mean that you have to go into credit card debt. The best way to avoid this is to make sure you pay off your credit card(s) in full every month.
By doing so, you avoid any interest charges from accruing and still get to take advantage of the credit card rewards. Just make sure that you regularly check your credit card to ensure there are no erroneous charges not made by you.
At the same time, you should be checking your balance so that you know exactly what you need to budget next month to pay it off by the due date.
Read more: How To Use A Credit Card Responsibly
2. Open a high yield savings account and save a set amount every month
No matter what your debt-to-income ratio is, there is always room to save something. It may only be $20 a month, but that will add up over time. And while an amount as small as that may not add up to what you need for retirement, it can still be a huge help.
The best way to bulk up your savings account is to budget for the same amount to be deposited monthly until you get to the specified amount you need to feel comfortable.
My advice? Just pretend this amount is another monthly bill that must be paid, so you won’t feel tempted to spend it.
The amount you end up putting away in savings is your emergency fund. And everyone needs a fund to dip into in those times of emergency. Having an emergency fund helps cushion the blow when life gets tough.
Interest rates closer to 2% in high yield savings accounts are still much better than the national average of 0.09% in traditional savings accounts. So, while these high yield savings account rates may not be anywhere close to the average return you will get on investing your money, it’s still nice to make some interest on your savings.
The best high yield savings account, in my opinion, is the CIT Savings Builder.
Read more: How Much Should You Save Every Month?
CIT Bank Savings Builder
CIT Bank Savings Builder has an APY up to 1.00%. Compared to the pennies you get from a credit union savings account, this is an incredible APY.
You only need $100 to open an account and they charge no maintenance fees. To earn the highest APY, you need to get your account up to $25,000, or you need to deposit at least $100 monthly. See details here.
The CIT Savings Builder has a completely online platform, so everything can be done directly from your smartphone, just to make life simpler. They are also FDIC insured up to $250,000 per account type.
CIT Bank. Member FDIC.
3. Set your financial goals
Setting your financial goals is a very important piece of the puzzle. After all, it can be extremely difficult to be disciplined about money if you don’t have clear cut goals lined up.
The most effective way to do this is to set short-term, mid-term and long-term goals. Here are a few examples of each type, but feel free to fill in the blanks with your own personal financial goals.
Short-term goals
Putting away the same amount every month in your emergency fund.
Going out to dinner with friends twice a month.
Small household projects (planting a small indoor garden, painting a room, etc.)
Mid-term goals
Long-term goals
4. Stay focused on your financial goals
Once you have figured out your financial goals, staying focused on them is the next step. And sometimes, that can be the hardest part. It is so easy to get derailed when life throws you a curveball.
But, one of my favorite tools to help keep you focused is Personal Capital. I’ve been using it for years and it has really helped me see where I’m at and where I want to go.
Personal Capital
Personal Capital offers a few different services for investing and checking up on your financial health. But, in this instance, I’m referring to the free tools they offer to keep track of your net worth.
You can create an account with them without opening an investment account. The wealth management and planning tools are the ones that you will probably be most interested in to help determine where you are at currently.
You will need to connect all of your financial accounts within the tool. These will be things, such as:
Sometimes, it can be pretty scary to see what your actual net worth is vs. where you want to be.
But, I use this as a driving force to work harder every month to increase my overall net worth. Because the faster I can get my net worth up, the faster I can get to my long-term goals.
5. Determine your needs vs. your wants
Setting up your financial goals and a way to track them are the first steps. But staying on track can get tricky when life happens. This is where needs vs. wants come into play. There are things that all of us want to have. But these are the things that can throw us off track so fast it will make your head spin.
So keeping in mind if the item/service is a need or a want can help you be more disciplined about your money. Just remember to think long and hard about any purchases before you pull the trigger. If it is a need, then go ahead and do it. But if the item is actually something you want instead, it’s usually best to hold off even for a bit to make sure you still really want it as much as you think you do.
Because reaching your overall financial goals takes a lot of discipline.
6. Reduce, reuse, recycle
When it comes to purchasing wants, you have a few other options that can save you a ton of money. If there is an item that you are wanting to purchase, but it simply isn’t in the budget, what might be some other ways to achieve the same goal?
Reduce, reuse or recycle may just be the best option here. If you have things in your house that you can get rid of (and maybe even make some money off of their sale), then that is one way to get the potential want. Sell your old stuff and then use the proceeds to purchase the new want item.
Or, if you can reuse an item you have in your house already, paired with something else, in order to create a similar item, then why not do that? Sometimes, all a table or chair needs is a fresh coat of paint in order to feel like a completely new item. So get creative and think outside the box about things you already have at your disposal.
And if all else fails, recycle your old items. You may not make any money off of them, but you could potentially get a tax write-off. Plus, it declutters your space, which can make it feel like a completely new room. Sometimes, that is really all you need.
7. Avoid peer pressure to spend
Everyone wants to have fun and enjoy the ride, but sometimes things can get a little out of hand. And our friends are usually the biggest culprits of increasing our spending. They want us to go and play with them, which can cost us more than originally anticipated.
Just going out to have a meal or a drink with friends can end up costing $100 or more in some instances. Something that sounded so innocuous, has now completely derailed our budget for the month.
This is where you have to create a part of your budget for having fun. But, once you decide how much that monthly allowance is, you can’t go over it. Having this in place will make it easier for you to make these financial decisions when the peer pressure hits. Instead of having two-three drinks, only have one. Go out for lunch instead of dinner, or a matinee instead of a night movie.
All of these options still give you the freedom to hang out with your friends and enjoy your life, but it won’t cost you nearly as much. And when you stick to your budget, your future self will thank you for your discipline.
Read More: The Cost Of Friendship – How Your Friends Affect The Way You Spend
Summary
Overall, it is extremely easy for our money to flow through our fingers like water. This is why you have to be cognizant of what you have and where you want to be with your finances.
Being disciplined with money is an ongoing issue for a lot of us; getting financially fit is a tough one for sure.