As an Amazon Associate I earn from qualifying purchases.
Finding affordable one-bedroom apartments in DC can be a daunting task, considering factors such as limited availability, skyrocketing prices, and navigating through various listings and potential scams. However, we’ve done the hard work for you and curated a list of 10 one-bedroom apartments available for rent today, all priced under $1900. Don’t hesitate, as these budget-friendly options are sure to get snatched up quickly. Take swift action and secure your ideal one-bedroom apartment under $1900 before they’re gone!
1400 Van Buren Apartments
1400 Van Buren NW Washington, DC 20014
Apt #34 — $1705
Located in the Brightwood neighborhood of Washington, DC, you’ll find this charming brick building offering spacious one and two-bedroom apartments. Less than a ten-minute walk from 1400 Van Buren’s front door you can find over 15 casual dining options including Julia’s Empanadas, Serengeti Restaurant, and Haydee’s Restaurant. When it’s time to head to the grocery, Safeway is only .4 of a mile down the road. Commuting is a breeze with bus routes 52, 53, 54, S2, and S4 stopping right outside the property. The Takoma Metro station is just under a mile away.
2 Forrester Street SE Washington, DC 20032
Apt #202 — $1210
We make budgeting so much easier at Colonnade Apartments! You pay your rent; we pay your utilities. The Colonnade offers sunny one-bedroom apartments for rent with hardwood floors and updated oak kitchen cabinets. Each apartment has a walk-in closet, ceiling fans in each bedroom, and a separate dining area with chandelier. The Colonnade apartments are located in southeast Washington, DC. Your new affordable apartment home is just minutes From I-295, walking distance from local schools, hospitals, and shopping. Best of all, all utilities are included.
Hillside Terrace Apartments
1812 23rd Street, SE Washington, DC 20020
Apt #211 — $1345
Looking for an apartment to rent, but want to live in a quiet neighborhood? Fall in love with Hillside Terrace. Our apartment community is nestled in the tranquil neighborhood of Randle Highlands. Randle Highlands is best known as a small residential neighborhood in Southeast Washington, DC. Hillside Terrace’s garden-style apartment buildings are charmingly situated on professionally landscaped grounds. The studio, one, and two bedroom apartments feature updated kitchens and baths, as well as ample closet space and some of the utilities are included with the rent. The Hillside Terrace community is just a short car trip from all of downtown Washington, DC’s entertainment and shopping.
Shipley Park
2532 Southern Avenue SE Washington, DC 20020
Apt #3432-25 — $1231
Shipley Park has worked to bring function and design to your apartment’s kitchen and bathroom. We invite you to visit and see Shipley Park’s range of practical features designed to make your every day experience even more delightful. Experience the new hardwood floors, oak kitchen cabinets and a breakfast bar in your one or two bedroom apartment. Enjoy easy access to shopping, the Town Hall Art and Recreation Campus (THEARC), a neighborhood splash park and the Suitland Parkway.
Archer Park
1200 Mississippi Avenue SE Washington, DC 20020
Apt 227 –$1435
Welcome Home to Archer Park Apartments, brand new one and two-bedroom apartment home tax credit community. Each home was designed with you in mind; Energy Star Stainless Steel appliance package, laminate flooring throughout, stackable washer and dryer in each home. The community has a fitness facility, business center, and concierge.
Pleasant Hills Apartments
100 Fort Drive NE Washington, DC 20011
Apt #6–$1650
Find beauty in the unexpected. Just off North Capitol Street, discover Pleasant Hills. Offering spacious and affordable apartment homes that feature beautiful hardwood floors, built-in shelves and renovated kitchens for that inner chef. Pleasant Hills is across from Archbishop Carroll High school, two blocks from Catholic University, and a short distance from the Brookland Metro station. Brookland’s thriving community includes plenty of dining options including Col. Brooks Tavern, San Antonio Grill, and Brookland Cafe.
Jetu Apartments
2100 Maryland Ave NE Washington, DC 20002
Apt #4–$1430
Discover our beautifully landscaped community located in the heart of Northeast, near Langston Golf Course and National Arboretum. Jetu Apartments offers affordable one and two bedroom apartment homes for rent. Featuring gas range stoves, upgraded kitchens, frost-free refrigerators, mini-blinds, and wall to wall carpet. Each apartment offers a separate dining area with chandelier lighting. The grounds include two new playgrounds, a community room, and a community garden.
3101 Pennsylvania
3101 Pennsylvania Ave SE Washington, DC 20020
Apt #403-$1396
Situated in Randle Highlands, 3101 Pennsylvania presents a feline-friendly apartment community in Southeast Washington DC. We provide one and two-bedroom apartment homes adorned with hardwood floors and modernized kitchens equipped with energy-efficient appliances. Additionally, you have convenient online access to your resident account 24/7. Uncover the comforts offered at 3101 Pennsylvania.
Juniper Courts
7701 Georgia Ave NW Washington, DC 20012
Apt #303-$1395
Discover Juniper Courts, your destination for affordable and stylish one-bedroom apartments in the Takoma neighborhood of Northwest Washington DC. Situated on Georgia Avenue, this completely renovated building offers a range of apartment options, including studios, one-bedroom, and two-bedroom units. Step into spacious floor plans adorned with beautiful hardwood floors, ample natural lighting, and central A/C, creating a welcoming and dream-like atmosphere. At Juniper Courts, convenience and enjoyment are paramount, with outstanding community amenities such as on-site maintenance and management, laundry facilities, dry cleaning services, and a community room equipped with computers. Plus, the prime location grants easy access to Downtown Silver Spring and the entire DC area. Experience the perfect blend of affordability and convenience at Juniper Courts.
Juniper Courts
7701 Georgia Ave NW Washington, DC 20012
Apt #303-$1395
Discover Juniper Courts, your destination for affordable and stylish one-bedroom apartments in the Takoma neighborhood of Northwest Washington DC. Situated on Georgia Avenue, this completely renovated building offers a range of apartment options, including studios, one-bedroom, and two-bedroom units. Step into spacious floor plans adorned with beautiful hardwood floors, ample natural lighting, and central A/C, creating a welcoming and dream-like atmosphere. At Juniper Courts, convenience and enjoyment are paramount, with outstanding community amenities such as on-site maintenance and management, laundry facilities, dry cleaning services, and a community room equipped with computers. Plus, the prime location grants easy access to Downtown Silver Spring and the entire DC area. Experience the perfect blend of affordability and convenience at Juniper Courts.
Juniper Courts
7701 Georgia Ave NW Washington, DC 20012
Apt #303-$1395
Discover Juniper Courts, your destination for affordable and stylish one-bedroom apartments in the Takoma neighborhood of Northwest Washington DC. Situated on Georgia Avenue, this completely renovated building offers a range of apartment options, including studios, one-bedroom, and two-bedroom units. Step into spacious floor plans adorned with beautiful hardwood floors, ample natural lighting, and central A/C, creating a welcoming and dream-like atmosphere. At Juniper Courts, convenience and enjoyment are paramount, with outstanding community amenities such as on-site maintenance and management, laundry facilities, dry cleaning services, and a community room equipped with computers. Plus, the prime location grants easy access to Downtown Silver Spring and the entire DC area. Experience the perfect blend of affordability and convenience at Juniper Courts.
Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates. Rental providers will not refuse to rent a rental unit to a person because the person will provide the rental payment, in whole or in part, through a voucher for rental housing assistance provided by the District or federal government.
Inside: Many jobs are available in the early morning hours. This is an opportunity to make a bit of extra money before your 9-5 or when kids are at school with early morning jobs.
It’s a commonly held belief that working the early shift is not worth it. If you’re waking up at 4 am every day for work, your earnings will be drastically lower than if you worked a regular 8-hour day.
The idea of this article is to show why it could actually be worth waking up before sunrise and trying to earn more money by doing these “early” jobs in earnest.
For me, many of my jobs have always followed the non-traditional hours of a 9-5 job. Personally, that works great for me as it frees up my day for other things, pursuits, and kids.
The funniest part is I’m not a morning person by any stretch of the imagination! Yet, I make my money early in the day consistently.
So, if you are thinking, early morning jobs are not for me – wait until you actually give it a try.
In this article, you will find a list of jobs that are available for people who love working early hours as I do and want more money!
Hint, hint… It is the allure of making money that gets me motivated and out of bed!
How can I make money early in the morning?
There are a variety of early morning jobs that you can do in order to make some extra money.
You just need to find one that is a good fit for your lifestyle and personality. It’s important to pick an early morning job that you feel comfortable doing so that you don’t dread waking up early every day.
Additionally, many employers are willing to pay a premium for employees who are willing to work the early shift.
Making money early in the morning is easy if you put your mind to it.
How early is an early morning shift?
An early morning shift jobs start between 3 and 6 am and typically ends late morning or early afternoon.
This gives people the opportunity to work during the daytime and still have time for other activities in the evening.
Most start work at 5 am.
Why morning jobs are better?
Working the early shift has its perks.
For one, you’re done working by the afternoon and can run errands, schedule appointments, and socialize. Secondly, many employers are willing to pay a higher wage for employees who are willing to work during the morning hours.
Additionally, many people opt for an earlier start who want to avoid the rush hour traffic or those who have children they need to care for once the school day is over.
Plus some people work early morning hours because they want a flexible schedule, while others do it because they need the extra money. No matter your reason, there are plenty of opportunities to make money in the early hours of the day.
The 10 Best Early Morning Jobs
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
The most common are shift work jobs, which require employees to work during hours that are not typically considered “normal” working hours. This can include the night shift, early morning shift, or swing shift.
There are many different types of early morning jobs. The most popular type is a full-time job, but there is also part-time, temporary, and freelance work available. Each type of job has its own advantages and disadvantages.
1. Warehouse Worker
Warehouse workers are responsible for ensuring that goods are unloaded from trucks, inspected for any damage or defects, and sorted and placed in the correct locations in warehouses or stores. They may also be responsible for preparing goods for shipment to customers.
Most of these positions are for early morning hours.
This can be a great opportunity for people who are looking for work and would prefer to work during the earlier hours of the day.
2. Barista
Barista is the term used to describe a person who performs coffee-related tasks, such as preparing and serving espresso drinks. Ideally, baristas serve beverages in establishments that offer coffee or other hot beverages.
Baristas are in high demand and typically have flexible hours. They can earn up to $15 per hour, depending on their level of experience.
Plus you have the flexibility of afternoons off after the morning rush.
3. Stock Trader
For those who want to work from their own home and have flexibility in their schedule, then you want to learn how to become a successful stock trader. Someone who buys and sells stocks to make income.
This is a highly lucrative side hustle for many people. In fact, how fast can you make money in stocks?
Personally, this is what I choose for my early morning job.
Stock Trading can be a full-time career opportunity if you have the ambition and patience to make it through the ups and downs.
Many people start trading with the hope of generating supplemental income, but it can become more than that with hard work and consistent effort.
Nowadays, the barrier of entry is very low to start trading stocks. However, you need to take the best online investing classes first.
4. Personal Trainer
Personal trainers typically offer their services at early morning hours, before most people go to work.
They help people achieve their fitness goals, whether it be weight loss, toning up, or building muscle. Personal trainers are responsible for creating workout routines and helping their clients stay on track.
Personal trainers are in high demand and the median salary is around $40,000 per year. If you have the time and availability, you can build a client base and the earning potential is endless.
5. Package Delivery
Another morning job hiring near me is package delivery drivers. These workers are responsible for the delivery of a shipment of goods from one place to another.
This position offers consistent and part-time morning hours. You will be responsible for package delivery in the area. Pay normally starts at $21 an hour plus.
6. Online Seller/Flipper
Side hustles are becoming more and more popular as people look for ways to make extra money.
One way to make some extra cash is by selling items online.
You could also get these items at local yardsales, estate sales, or donation stores and sell your items on Etsy, eBay, or Facebook Marketplace.
If this is something you are serious about, then check out Flea Market Flippers.
7. Freelancing
Freelancing is a great option for people who want to work on their own schedule. You can choose when you want to work and how much you want to work, which is great for people who want to get an early start on their day.
Freelancing can be a great way to utilize your skills and make some extra money on the side, but it’s important to keep in mind that freelancing is a business.
In fact, many people start freelancing as a side hustle in order to make some extra money but it may turn into a full-time career. In fact, according to recent studies, 1 in 3 Americans are now freelancing. This number is only going to grow in the years to come so don’t be afraid to start freelancing yourself. It may just lead to a more fulfilling career.
Learn how to earn money writing.
8. Baker
Bakers are often some of the first people to arrive at a bakery or shop. This is because many bakeries and shops open early in the morning.
Bakers are responsible for baking bread, pastries, and other items. They are required to have a fundamental understanding of baking as well as the ability to work in early morning shifts and afternoon shifts. They must also be able to handle flexible hours.
Bakers typically earn an hourly wage of around $14 an hour, but with experience and additional skills (like cake decoration), that number can go up to $20 an hour or more.
9. Online English Tutor
There are many opportunities for online English teachers to make money. One great opportunity is for early risers who want to work from home in the morning. There are many students looking for online classes at this time of day.
There are a number of companies that offer English teaching jobs to those who are certified in teaching English as a second language. The majority of these positions have you teaching students in China, Korea, or Taiwan. However, there are also opportunities to teach business professionals and executives in other countries.
If you’re looking for a way to make some extra money, becoming an English tutor for international students is a great option. You can typically expect to earn around $14-$22 per hour, depending on your experience and qualifications.
10. Flight Attendant
Flight attendants are responsible for the safety and comfort of passengers on an airplane. They must attend to passengers’ needs, provide information about flights, and ensure that all safety regulations are followed.
Flight attendants typically work long hours, often including overnight shifts, and earn an average salary of over $75,000 per year.
However, with more experience, they can make more money. Some ticket counters open as early as 4 am in order to prepare for morning departures.
Other Types of Early Morning Jobs
Those are not the only type of early morning jobs. There are plenty more morning jobs near me. You can find both part-time and full-time.
Here are more jobs to pursue.
1. Store Stocker
A store stocker is a person who stocks shelves in a grocery store. The stores they work at are typically open 24 hours and the job entails cleaning, restocking items that run out of stock, and making sure the shelves are neat.
This is typically an entry-level position in a grocery store or department store.
2. Childcare Related Jobs
Have you ever asked what are morning jobs hiring near me, then consider working with children. There are always plenty of open jobs to look after kids.
Here are some positional childcare related jobs:
Preschool teacher
Paraeducator
Substitute teacher
Daycare teacher
Nanny
Before and after-school programs
In all honestly, this can be one of the most rewarding morning jobs because kids will always make sure you laugh and smile.
3. Rideshare Driver
Yes, driving for Uber or Lyft can be a great way to make some extra money early in the morning. The hours are flexible and you can often make good money during those times.
The most popular route is heading to the airport.
Since many people book these types of rides in advance, you can earn a steady stream of income.
4. School Bus Driver
School bus drivers are responsible for transporting children to and from school. They ensure the safety of students on their bus as well as have a number of other responsibilities such as making sure all students are wearing their seatbelts and that the bus is clean.
Right now, we are facing a severe school bus driver shortage, which is affecting how children must get to school.
In many areas, you can find starting hourly wages for school bus drivers at $19 an hour.
5. Dog Walker
There are many ways to make money through Rover. You can provide pet care, pet sitting, dog walking, and more. You can also choose to offer services like delivery or house sitting. The options are endless!
This is one of the easiest ways to make money.
6. Truck Driver
A truck driver drives a semi-trailer truck loaded with freight. They drive the freight to its destination and unload it when they arrive.
For truck drivers who want to save money on fuel or have good mileage, the best time to drive is during the early morning hours. This is when there is less traffic and you can avoid rush hour.
Truck drivers can make a lot of money. In fact, they can earn up to $35 an hour. That’s a lot of money for early morning work.
Don’t want to drive? Then, become the middleman. Learn the exact freight broker salary.
7. Landscaper (Yard Work)
If you’re an early riser and you’re looking for a job that gets you outside, landscaping is a great option. It’s hard work, but it can be very rewarding.
It might be hard to get your services as there are already established landscapers in the area. If you don’t have a business, see if there is a business that needs lawn work done and if so, offer your services. You can also go door-to-door asking people if they need their yards done; just make sure you have a good sales pitch ready!
This seasonal job is great to do in the morning because it tends to be cooler and there’s more daylight. The pay usually ranges from $10 to $20 an hour, so it’s a good way to make some extra money.
8. Chef
Chefs are some of the most hard-working professionals in the culinary industry.
They often start their day at 4 am, preparing for the onslaught of orders and tasks that come with a busy kitchen.
While many chefs have formal training from culinary schools, there are also many ways to learn the trade. Some chefs start out as dishwashers and work their way up the ladder, while others may take online courses or watch cooking shows to learn new techniques.
The average salary for a chef is just over $50,000 a year.
9. Mail Carrier
Mail carrier and other postal worker jobs are excellent for early risers because there is a lot of work that goes on behind the scenes before delivering mail.
These types of jobs offer some excellent benefits that can be harder to find these days.
Mail carriers are nearly always employed by the United States Postal Service, but they can also be hired independently.
10. Factory Worker
Factory work can be a great option for people who are looking for full-time or part-time work. The hours are usually regular, and the job doesn’t require many if any formal qualifications. However, you may need some experience in the field and a high school diploma.
However, if you have practical skills such as forklift driving, you can earn more by picking up shifts in the mornings, nights, or weekends. The work is physically demanding so you’ll need to be in shape and stand or sit in one position all day long.
Working the early shift at a factory can be tough, but it also has its benefits. The pay can vary a great deal depending on the company, so it’s important to do your research. However, if you’re looking for work and don’t mind getting up early, then this might be the perfect opportunity for you.
11. Part-time Retail Employee – Early Morning
Part-time Retail employees working early morning shifts will be paid for their time. There are always companies looking to hire for early morning jobs.
These are great for stay-at-home moms. In fact, the employee discount can be a nice bonus for working there.
This is a perfect low stress job after retirement.
12. Gig Worker
Gig work is a term used for short-term, contract-based work. It can be a great way to have more control over your schedule and to make some extra money on the side. There are many different types of gig work available, so you’re sure to find something that suits your skills and interests.
Those who need to run errands or get an early start on their day may use gig work apps like Grubhub, Postmates, DoorDash, and Uber Eats. Additionally, you can increase your chances of getting gigs by downloading all the relevant apps and clicking on the one that seems to produce the best results.
13. Farm Worker
As you can imagine, farm work can be difficult, but if you’re someone who loves working outdoors and enjoys physical labor, then this may be a great career for you.
Farm workers are typically hired based on their qualifications and experience.
If you can offer the help local farmers need, you should be a great fit for the position. Farm work is often physical labor, so make sure you’re physically prepared for the job before applying.
14. Morning Radio DJ
Morning radio DJs reflect the lives of their listeners, who may be early risers or working professionals. The job involves playing music and talking about topics that are important to the listener in order to help them wake up and start the day.
The main goal of morning show DJs is to keep listeners tuned into their station while providing a fair amount of entertainment.
Starting out your career in radio can be a great way to get started in the industry. Many DJs start their careers at small community or college radio stations and then move on to bigger stations as they gain more experience. The morning time slot is from 6 AM to Noon, which is a great opportunity to reach a large audience.
15. Cleaner
There is a high demand for cleaning services and cleaners can earn up to $22 per hour, plus tips. Some of the highest earners are making over $1000 a week.
This is one type of service that is not going away and the barriers to entry are extremely low. The average cost a house cleaner charges are $50-90 for two hours of work.
16. Online Surveys
That’s the beauty of online surveys – you can do them at any time of the day that works for you.
You don’t need to focus too much on taking them, either; in most cases, you can do other things while completing the survey. This means that they’re a great way to make some extra money without having to put in a lot of effort.
The best surveys are normally released first thing in the morning and only available for a limited time. That’s why it’s important to do online surveys as soon as they’re available. This will give you the best chance of getting rewarded for your efforts.
Best Online Survey Companies:
Where to find morning jobs near me?
Some tips for finding early morning jobs include using job search engines, checking job boards, and networking with friends and family. It is also important to be prepared for the interview and to have a strong resume.
If you’re looking for a job that starts early in the morning, you’re in luck! There are many jobs available that start at 5 am, 6 am, 7 am or 8 am. You can find these jobs by searching online or by going to your local job center.
It’s never too early to start looking for a job.
In fact, many people start their job search well before they’re actually ready to start working. This is because it can take some time to find the right job for you. And remember, it’s important to keep learning and earning money so you can be happy!
The best way to find an early morning job is to search online.
What to do when you land an early morning job
So you’ve landed an early morning job. Congratulations! This can be a challenging but rewarding experience when you first start out.
Prepare what your days will look like with your early morning job.
If you are adding a second job, make sure you are fully rested to take on both jobs.
Tips for surviving the early shift
When you start your early morning job, the most important thing is to get a good night’s sleep.
In fact, most of the early birds actually follow the billionaire morning routine to get in their flow.
Here are a few tips to help make the most of it:
Get plenty of rest the night before. It’s important to be well-rested for those early morning shifts.
Arrive on time. Punctuality is key in any profession, especially so when working the early shift.
Stay focused and work hard. Those early hours can be tough, but it’s important to stay productive and get the job done right.
Take breaks as needed. It’s important to stay hydrated and quick breaks to recharge your batteries.
Enjoy your free time wisely. The evening hours are precious, so make sure to use them wisely and enjoy your time off responsibly.
What morning time jobs interest You?
Early morning jobs are a great opportunity for those looking to make a bit of extra money.
They are also a great way to get your foot in the door with a company you are interested in working for.
Plus you don’t have to debate is a business degree worth it as many of these jobs don’t require one. In fact, find low-stress jobs that pay well without a degree now.
In the post, we detailed plenty of early morning jobs. Since you are getting up earlier than most people prefer, make sure you pick an interest that can become a life-long career.
You want to be passionate about what you are doing early in the morning!
Especially because you don’t want to start only to say… “I don’t want to work anymore.”
Be sure to dress for success, be punctual, and be prepared to work hard and you will be sure to land an early morning job.
Know someone else that needs this, too? Then, please share!!
Have you considered your apartment neighbors this holiday season?
Whether it’s a token for the season or “welcome to the neighborhood” timing, a small gift given in friendship can create warm feelings between neighbors, especially at this time of the year.
Check out these ideas about gifting for your good neighbors!
Your good neighbor policy
What makes good neighbors in your book? It might be the neighbor you trust to come into your apartment when you can’t be there to walk your dog or water your plants. Maybe it’s a neighbor who gets the mail when you’re out of town or who shares some of the cookies they bake with you. A good neighbor might just be a friendly face you see regularly, the person who smiles and waves and makes you feel like a good neighbor yourself. Whatever your criteria, make a mental note as you encounter these people that you’d like to show your appreciation with a small, seasonal gift.
Holiday gestures
For many, the holidays are the time for swapping all kinds of gifts with a generosity that may not show up during the rest of the year. Your holiday gift list for good neighbors might include:
None of these items need cost too much; the gesture itself conveys the sentiment of good cheer.
Liquid sustenance
In a cold season, why not share the warmth of a hot drink? Give your neighbor a hot cocoa set complete with good-quality hot chocolate and cheery mugs. If a drink with a bit of a kick feels appropriate, consider a bottle of wine (not too expensive!) or a tasty liqueur.
Welcome presents
When a new resident moves into a community, there’s so much to do to settle in. Meeting the neighbors might not be their first priority. So, whether it’s the holiday season or not, why not share an inviting spirit with folks who move in near you in the community?
Prepare a simple gift to introduce yourself and let them know you’re glad they’ve arrived. You can make something as simple as a batch of baked goods, adding a bundle of ribbon-tied brochures as a list of resources your new neighbor might like to know about. You can share info about local spots from schools and libraries to your favorite restaurants and movie theaters. Gift cards and coupons are thoughtful, as is the housewarming staple, a live plant. You could also assemble a decorative pail of cleaning supplies. Just about any act of thoughtfulness might brighten the day of your new neighbor and communicate your welcome!
Just because!
The nicest gifts are often those given “just because” — no belief, creed or annual celebration necessary! If you’re out shopping and find something that you know your neighbor would enjoy – something that would really complement her and her apartment — bring it on home to give! Flowers or vegetables from your balcony or patio garden make wonderful spontaneous gifts, as well. The gift of your time is another valuable thing you can share — especially if you are close friends with your neighbor.
Good neighbors are who they are because it’s their instinct — they certainly don’t expect anything in return. That’s why it’s so important to thank them in small, but personally meaningful ways. Share your holiday spirit with a present that says, “I’m glad you’re my neighbor!”
Photo credits: Shutterstock / Subbotina Anna, Amir Kaljikovic, Gayvoronskaya_Yana
According to the National Retail Federation, we’ll spend $68.8 billion outfitting our students for school this year. Yes, I said $68.8 billion. Sounds like a lot of money, right?
More than 80% of the nearly 8,700 people surveyed say that the still-crappy economy has affected the way they’ll shop for school supplies. For example:
30.7% will comparison-shop online
38% will buy store-brand or generic products
44.6% will spend less overall
Good ideas all, but I’d add another tactic: Start early.
Ideally, you’ve already begun. No? Then start looking now if you really want to save money. Don’t wait until two days before Labor Day and then go the one-stop-shopping route. The OSS retailers get you through the doors with a few loss-leader prices and make their money back on everything else.
The NRF notes that families with kids in elementary and secondary school spend an average of $603, and parents of college students fork over about $808. This includes clothing and electronics as well as notebook paper.
Can’t afford to spend that much? Don’t want to spend that much? Start by asking yourself…
What Do We REALLY Need?
Don’t buy stuff you’ve already got. This sounds elementary, as it were, but apparently it isn’t. Each year my sister and I buy school supplies to donate to a social services agency. And each year I see parents buying things like backpacks, lunchboxes and three-ring binders for the glum children they’ve towed into the store. I wonder whether the previous year’s backpack, lunchbox and binder…
Wore out
Spontaneously combusted
Were lost in a poker game
Maybe. But it’s also possible that some parents buy new because, well, it’s a new year. To which I say: Are you out of your mind? Why are you instilling the relentless need for new Stuff when the old Stuff might work just as well?
Have your kid to go through dresser, closet and desk. Send her spelunking under the bed for stray markers. Make a pile of crayons, spiral-bound notebooks and other stray educational tools. Inspect the three-ring binder for cracks. Test the backpack straps and make sure the zippers still work.
Congratulations. You now have less to buy. But maybe not much less. That’s because…
Your School’s “Must Have” List is Longer Than My Leg
A kid might have to bring everything from dry-erase markers to a personal box of tissues. Just for gits and shiggles I checked one of these lists.
Elementary-aged kids need, at minimum: a backpack, gym shoes, tissues, lunch bag, pencils, crayons, white glue, markers, erasers, scissors, pocket folders, binder, notebook paper, dividers, composition book, colored pens and a ruler.
What, no particle accelerator?
Warning! The following statement makes me sound really old.
In my day, we brought a three-ring binder, notebook paper and pencils. If we couldn’t afford paper pr pencils the school provided them. Crayons and scissors were doled out as needed for projects. Only the teacher had markers. Dinosaurs picked us up and delivered us back home.
Times have changed, so watch the office-supply stores (Staples, Office Depot, Office Max) for impossibly cheap school-supply sales. This morning I saw packages of pencils and index cards for one cent each. Buy the maximum amount allowed and you may get enough to last most (or all) of the school year.
Hit those sales as early as possible each week, because other parents have the same idea. Loss leaders may be sold within hours of the opening bell. If the ad doesn’t specifically prohibit rain checks, ask for one.
Note: Your third-grader may plead for a new lunch kit on the grounds that the other kids will laugh when he takes his PBJ out of a “Batman” lunchbox. He might be right. In our increasingly media-driven universe, it’s mortifying to eat from a pail emblazoned with the wrong superhero.
Or he might just be playing you for a sucker. (It happens.)
You might not mind buying a new lunchbox every time the fads change. But maybe you’re wondering how you’re going to pay for everything on that list and still keep the lights on. Or maybe you have an aversion to replacing items that are still perfectly usable. If so, then float a compromise: If you give in on the lunchbox, he’s not getting a new backpack. (Nor should he, if the old one is in good shape.) Get one of those insulated lunch kits, which tend to be more generic in appearance, rather than a box with a cartoon character on it.
Tip: Put a note on your June 2012 calendar to inventory what your kid lost or “forgot” to bring home, then visit the school’s lost-and-found. The L&F box at my daughter’s elementary school looked like a department store. How in the heck don’t parents notice that their kids’ lunch boxes, backpacks, notebooks or winter coats (!) didn’t make it home one day?
If money is really tight (hi there, all you downsized parents!), try these frugal hacks:
Look around your house for pencils and pens. Hint: The only place they aren’t is…right by the phone.
Whenever you’re in a place that gives away writing implements, take one and say thank you. If your fourth-grader is embarrassed to be seen with a credit-union pen, keep them around for doing homework and save the Bics and Dixon Ticonderogas for school.
If last year’s spiral-bound notebooks were only partly used up, tear out the old pages and start afresh.
Don’t give pencil sharpeners to kindergarteners or first-graders. They get a little carried away.
Hand sanitizer really is required in many schools. Small bottles of the stuff will likely go on sale at drugstores and office-supply emporia. Here’s the rule: Junior keeps it in his backpack, not his desk at school, so you can refill as necessary from the jumbo bottle you got at Costco.
Start looking now for discounted gift cards to pay for these things as well as for any clothing (more on that below).
Truly desperate? Talk to the school nurse or principal about doing a little “shopping” in the lost-and-found. At my daughter’s school, unclaimed goods were given to kids whose parents couldn’t afford certain items.
New, or New to You?
Who came up with the idea of the back-to-school wardrobe? The people who sell the wardrobes, that’s who. Before you re-kit your kid, think about whether it’s really necessary.
Understand: I am not advocating that your child go to school in shoes that pinch or jeans that show her ankles. What I am saying is that there’s no need to re-do a wardrobe if her clothes still fit and are reasonably presentable.
Just sayin’.
Having just-said it, allow me to suggest some ways to find lower prices on new clothes.
For starters, who says it has to be new? Consignment stores, thrift shops, and garage sales are all potential clothing sources. My niece uses all three sources and pays pennies on the dollar for name-brand clothing.
Clothing swaps are another possibility. Organize them through sports teams, parent groups or your place of worship. Online swap sites like ThredUp might be just the ticket.
Don’t forget The Freecycle Network, either — I see kids’ clothing on there all the time. Some parents even post pictures.
Remember: Nobody has to know your stuff isn’t new unless you choose to tell them. You probably shouldn’t, incidentally, since not everyone is frugal and some people are creeped out by the idea of clothes other people have worn. (What, they think no one has ever tried on the clothes they bought from the department store?)
Tip: If used clothes bug you, wash them. Problem solved.
New Doesn’t Necessarily Mean Expensive
Start watching the clearance tables, because some of those summer duds — jeans, T-shirts, et al. — will work for September and maybe beyond. (They’ll also work for next April; if prices are irresistible, buy a size up for spring.)
Tip: Live in a warm climate? Lucky dog. Just stock up on remaindered summer garb for the rest of the year.
Online stores have clearance sales, too. This is easier to do for younger kids and/or kids who fit in basic sizes, and who don’t care if you pick out their clothes. Be sure to look for online coupons and free-shipping codes through sites like Retail Me Not and Savings.com.
Don’t enjoy tracking bargains? Enlist the help of a price-comparison website such as Pricegrabber, FatWallet, and FindersCheapers. Tell these sites what you want and let them do the hunting and gathering. You might even be able to set a deal alert and receive an e-mail when those Levis go on sale, or a refund alert if something you already bought went on sale.
Excited for School
It’s not that I don’t think you should spend anything on your kids come September. On the contrary: I believe that there’s nothing like that new-crayon smell. A couple of symbolic purchases can help your child get excited about a new school year.
Kidding! Few children are truly excited about the day after Labor Day. (Full disclosure: I was. Then again, I got called “teacher’s pet” a lot.) It’s fun to see their friends again, but getting back into the educational harness is always a period of adjustment. Seeing that Junior has all the necessary tools can help re-orient him back into that universe.
Bring him into the equation by asking him to look through the Staples or Office Max flyers with you and compare what’s on sale to the list of necessary supplies. Suggest that money saved by sale prices and judicious re-use of last year’s stuff could defray the cost of a coveted item. You know, like those shoes that are $20 more than you want to pay.
A special purchase might add a bit of frisson and make the transition somewhat easier. You’d also be modeling my personal mantra: Save where you can so you can spend where you want.
Finally: Some cultures start the school year with candy or other treats, to emphasize the sweetness of knowledge. Consider instituting this tradition in your own household by serving a smoothie loaded with berries or slices of mango and pineapple on the first day of school.
Avoid doughnuts or Froot Loops, though. They may lead to running with scissors.
School supplies photo by Steven Depolo. Crayon photo by Chris Metcalf. Photo of the bouquet of pencils (which J.D. loves) by Melissa Doroquez.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
A business degree can open up doors to many different career paths and can give you the skills you need to be successful in the world of business. However, not all business degrees are created equal. There are a variety of different business degrees available, and each one has its own strengths and weaknesses.
A business administration degree gives you a general introduction to the business world and teaches you the basic skills you need to be successful in the workplace. In addition, it provides a foundation for further study in specific areas of business such as accounting or marketing.
The value of a business degree depends on a variety of factors, including what you hope to gain from the degree, your field of study, and your career goals. However, there are some things to consider when making this decision.
According to PayScale, the average ROI for a business degree is about $1 million. This number takes into account both the cost of getting a business degree and the increased earnings potential that graduates typically experience.
While many jobs require at least some level of post-secondary education, not all jobs require or even prefer candidates with a business degree specifically.
In this article, we will highlight everything you need to make a decisive decision for you.
Why a Business Degree?
There are many reasons to get a business degree.
For starters, they offer great flexibility and come with an abundance of valuable career resources. Additionally, business degrees can lead to even more opportunities in the business world.
Finally, it’s important to note that getting a business degree is very profitable and attractive.
Is a business degree worth it?
There is no one-size-fits-all answer to this question.
A business degree can be an excellent investment if you are looking to start or grow a business or are interested in finance, accounting, human resources, or marketing.
Finally, think about the cost of tuition and other associated expenses.
What Can You Do with a Business Management Degree?
Business management degrees can prepare students for a variety of careers in the business world.
Some possible careers include:
Business analyst
Accountant
Human resources manager
Event planner
Marketing manager
Operations manager
Financial analyst
Business owner
A business management degree can open up a variety of doors for you! You can go into many different industries and have a number of career options available to you.
Business management degrees provide opportunities in growing fields like finance and marketing. In addition, business and financial operations occupations are projected to grow on a national level more than other careers.
This means that if you have a business management degree… You will be entering an occupation that is expected to have continued growth in the future.
Types of business degrees
First, consider what type of business degree you want.
There are three options:
Bachelor of Business Administration (BBA): This is a general degree that provides students with a broad knowledge of business. It includes subjects like management, accounting, economics, and marketing. Perfect for those who want managerial positions or start their own company.
Bachelor of Arts in Business Administration (BABA): This degree consists of business subjects along with humanities and social science courses. This type of degree may be a good option if you want to pursue an international career.
Bachelor of Science in Business Administration (BSBA): This type of degree has a strong analytical and math-oriented focus. It’s excellent for careers like financial analysis.
Once you have decided on the type of business degree you want, consider your field of expertise.
Do you want to work in finance? Marketing? Human resources?
Each field requires specific skills and knowledge. So, make sure the degree you choose will provide you with the necessary training. This would be your minor (area of expertise).
Just remember… Each different types of business degree offer students a variety of opportunities. Thus, can help students develop the skills they need for success in the workplace.
Getting A Business Degree
So why should you consider getting a business degree? First and foremost, they offer great flexibility in careers.
Additionally, most programs come with access to a wealth of career resources that can help you land your dream job after graduation.
And finally, having a business degree is highly profitable and attractive in the current job market.
Whether you’re just starting out in your career or looking to advance further, getting a business degree is an excellent choice.
They provide students with valuable skills for entry-level positions that are highly sought after by employers. Plus, an accredited program will likely lead not only to an invigorating educational experience but also to a job that meets your needs and drives your passions
Is Business a Good Major?
There are associate’s degrees, undergraduate degrees, and graduate degrees in business administration available at schools across the country. Which one is right for you? That depends on your goals and what you want to study.
If you’re not sure what you want to study, or if you want to explore your options before making a decision, consider an associate’s degree in business administration first. This type of degree can give you a basic understanding of the field. Then, it can help you decide if you want to continue your education or go into the workforce directly.
If you already know that you want to study business administration at the undergraduate level, then look for a school that offers a broad range of courses in this area. So, you can gain exposure to as many different aspects of the field as possible.
If you’re interested in pursuing a career in business administration but want to take your education one step further, consider a graduate degree in business administration. This type of degree can prepare you for management-level positions and help you stand out from the competition.
Pros of getting a business degree
A business degree can give you many advantages in your career!
Help you advance in your career.
Give you the skills you need to start your own business.
Teach you how to manage a company effectively.
Help you develop marketing and sales skills.
Pursing a business degree may lead to a rewarding educational experience! As well as a career that meets your needs and drives your passions.
In addition, there are plenty of accredited colleges and universities that offer online business degrees. These choices are often convenient and affordable.
Pro #1 – Versatility of a business degree
A business administration degree program can provide a diverse range of career options and prepares students for success in any industry.
Business administration courses are foundational for a variety of careers.
Core coursework in areas such as:
Finance
Accounting
Marketing
Management
These areas of study teach students how to think critically and make sound decisions in a variety of business scenarios.
In addition, many programs offer specializations or concentrations in specific fields such as:
Entrepreneurship
Human resources
Information technology
Thus, allowing students to focus their studies on an area that interests them.
Business graduates are well-prepared to take on a variety of roles within organizations. Plus can usually find jobs with good pay and benefits.
And because the skills learned in business school are applicable in so many different settings, graduates typically have multiple career options available to them if they decide to change jobs or careers down the road.
Pro #2 – Advancement Opportunities
Employers respect and value a business degree from a well-respected school, which can open doors to advancement opportunities.
With a business degree, you can move up the corporate ladder more quickly or start your own successful company.
In addition, a business degree gives an individual the ability to understand the latest changes in the business world and understanding of new strategies, insights, and ideas that can improve a company’s performance.
Business degrees are necessary for individuals who want to stay ahead of the curve in their industry.
If being successful in your field is important, then getting a business degree is essential. Additionally, new opportunities are presented to you.
Pro #3 – Higher Salary
A business degree can lead to a higher salary than an undergraduate degree for the same job.
The impact of your salary depends on a number of factors, including your school, the chosen field, your position, and your past experience.
Many business administration graduates specialize in a discipline, which leads to different salaries for those same careers depending on the discipline.
For example, if you are making a $45k salary a year, then a business degree might help you increase to $60k a year.
Pro #4 – Career resources and networking opportunities
To make the most of a business degree program, consider taking advantage of your school’s unique resources, including career centers and alumni networks.
Then, you are able to use their resources to open the door to a variety of job opportunities.
The career resources will help you find internships and jobs. While the networking opportunities will help you connect with professionals in your field.
Business management degrees can also benefit from extra-curricular activities like clubs and networking events.
Pro #5 – Transferable skills
Business is present in nearly every modern industry. That means degree holders have the option to apply their business degree to just about any area of industry.
Thus, provides skills that are in high demand in the workforce, such as critical thinking, problem-solving, decision making, communication, and leadership skills.
Professionals with a business degree have many options for employment and provide a competitive edge in the job market.
Cons of Getting a Business Degree
A college degree is still the gold standard for obtaining good employment. However, it is no longer the only way to achieve success.
Though there are many benefits to getting a business degree, there are also some potential drawbacks you should consider before making your decision.
Con #1 – Cost of the degree
One such drawback is the cost of tuition and other associated expenses.
The average tuition for an in-state student at a public university is $10,388 per year, and the average tuition for a private university is $38.185 per year (source). That doesn’t include room and board, books, supplies, or other fees. If you’re attending school out-of-state or out of the country, your costs will be even higher.
You can apply for scholarships and grants, take out loans, or work part-time while you’re in school. But no matter how you pay for it, the cost of a business degree is significant.
Con #2 – The job market doesn’t have enough jobs
Getting a business degree isn’t always the best option for career advancement.
There are disadvantages to getting a business degree, such as lower unemployment rates and higher wages compared to other occupations.
Even though a bachelor’s degree in business is required for many jobs in the industry. If you’re interested in pursuing this path, it’s important to make sure you choose a program that will prepare you well.
Con #3 – Certifications are better
Certifications can also help you learn new skills and stay up-to-date on the latest trends in your industry. This comes without the time and money needed for a degree in management.
In fact, both Microsoft and Google have stated that certification for hiring for jobs is more important than a college degree (source).
For example, getting certified in specific areas can help you become an expert in a particular field and make you more marketable to employers.
While both can lead to a variety of career opportunities, you must decipher which is best for your situation.
Con #4 – You don’t need a business degree to work in business
A business degree is not always necessary to work in a corporate setting.
While getting a business degree can help you learn about the inner workings of businesses and how to run them effectively, you can also learn the same skills with hands-on job experience.
In fact, many people who work in business don’t have any formal education in it at all. There are a number of things you can do to gain the skills you need to work in the business without getting a formal degree.
Con #5 – Not Needed to Start Your Own Business
Most importantly, a business degree may not be the best route for you if you want to start your own business.
A business degree won’t give you all the skills and knowledge you need to succeed as a small business owner.
Many times, the best lessons are taught through hard work and perseverance.
Con #6 – Not Truly Prepared for Career Path
Another potential downside to getting a business degree is that not all degrees offer the same level of preparation for specific careers.
So, it’s essential to do your research and choose a program that will give you the skills you need to pursue your desired career path.
Con #7 – Time Consuming
Finally, getting a business degree can be time-consuming and require significant dedication. So make sure you’re ready for the challenge before embarking on this journey!
How to decide if getting a business degree is worth it for you?
There are a few things you should consider when making this decision:
What industry do you want to work in?
What is the job market like for business degrees?
Will you be able to get scholarships or grants?
What are the salaries for business degree holders?
What are the opportunities for advancement for business degree holders?
Will you be able to work while your degree?
What are the costs of getting a business degree?
It is important to remember that business degrees are not just useful for starting a company! They can also lead to lucrative careers in other fields such as finance or law.
So if you’re still undecided on whether or not getting a business degree is worth it for you, consider all of the possibilities!
Tips to Ask Yourself Before Enrolling in Business School
A business degree can be expensive, but it may offer opportunities for career growth and earning potential that outweighs the initial investment. You must weigh the pros and cons carefully before making a final decision
When making the best decision for you, there are many factors to consider, such as time commitment, cost, and potential return on investment.
Tip #1 – Consider your goals and objectives.
What do you hope to gain from a business degree? Are you looking for career advancement opportunities, or do you want to learn more about business fundamentals? Knowing what you want out of a business degree will help you narrow down your options.
Tip #2 – Do your research.
There are many different types of business degrees available. So be sure to compare programs and find one that fits your needs and interests.
In addition, you must consider if an accredited online college or university offers a program that meets your needs.
You need to research the university’s accreditation status so you can know what that means for you when looking for work after graduation.
Finally, think about what you want to do with your degree. Find a program that will give you the skills and experiences needed for your desired career field.
Tip #3 – Ask around.
Talk to friends, family, and colleagues who have pursued a business degree. They may have valuable insights that can help inform your decision.
Do you regret getting a business degree?
Personally, I do regret getting my undergraduate degree in marketing.
I don’t think that was the best field of study for me. Plus my college at the time refused to teach social media marketing, which was brand new and my degree was quickly outdated without the proper skills.
The college experience was absolutely amazing and I grew as a human being. But, I truly believe there was a better degree for me to start out with.
However, if you were looking for a business degree with a focus such as finance, accounting, or computer information, I think those are more highly specialized to off a better benefit.
What Business careers look appealing to You?
A business degree can help you move into a different career field and earn more money.
In addition, a business degree can build a solid foundation of skills and knowledge for you to build your own business. However, there are many other ways to learn about business, so it is important to research the different options and find the best one for you.
There are many different types of business degrees available. As such, it can be difficult to decide which one is right for you.
This decision is not the same for everyone as we all have our own upbringing and experiences. Every single person you ask will tell you something different and whether their business degree was worth it to them.
Business education can be expensive, but there are many resources available to help you finance your education. There are also many benefits to earning a business degree, so weigh all the factors and make the decision that’s best for you.
Know someone else that needs this, too? Then, please share!!
A credit union is a nonprofit institution that’s owned by its members. Compared to a traditional bank, a credit union tends to offer more personalized service.
You can turn to a credit union for a variety of financial products, like checking and savings accounts, credit cards, car loans, and mortgages. Some regional and federal credit unions also offer wealth management services and other extras.
A typical credit union only accepts members who live in a specific region or work for an eligible employer. For example, they may require that you’re a resident of Atlanta, Georgia or work as a teacher.
The good news is some credit unions require less and make it easy for just about anyone to join. If you’d like to join a credit union but don’t want to worry about the strict membership requirements at most institutions, you’ve come to the right place.
38 Best Credit Unions Anyone Can Join
There are hundreds of credit unions that anyone can join, but we’ve done the heavy lifting and found the best ones for you. The credit unions below, which are overseen by the National Credit Union Administration (NCUA) may be an option for you, regardless of what you do for a living or where you’re located.
Just keep in mind that you may have to make a donation, join an organization, live in a certain state, or meet some other eligibility requirement. We encourage you to explore this lengthy to list of credit unions anyone can join so you can hone in on the ideal credit union for your unique situation.
1. Alliant Credit Union
Alliant Credit Union made its debut in 1935 to serve the employees of United Airlines. It stands out for it high-interest savings and checking accounts with low minimum opening deposits as well as excellent customer service.
You’ll also receive access to more than 80,000 free ATMs across the U.S. and get reimbursed up to $20 in out-of-network ATM charges per month. Since it only has two brick-and-mortar locations, you should feel comfortable with online banking. If you’d like to join Alliant Credit Union, make a $5 donation to Foster Care to Success.
2. Connexus Credit Union
Connexus Credit Union was founded in 1935 and has a widespread presence in Wisconsin as well as more than 54,000 ATMs across the country. It couldn’t be easier to join the credit union as all you have to do is pay a one-time $5 fee to the Connexus Association, which supports financial education through college scholarships.
As a member, you can open one of its three checking options with high APYs and a traditional savings account or one that’s specifically designed for the holidays.
3. Pentagon Federal Credit Union
Pentagon Federal Credit Union, or PenFed, was founded in 1935 as a credit union for military and civilian government. Today, this Virginia-based credit union has opened it doors to anyone as long as they open a savings account and deposit a minimum of $5. It offers two savings accounts, including the Regular Savings and Premium Online Savings.
In addition, you can find checking accounts, CDs, and money market accounts. Other products include Coverdell Education Savings Certificates, IRAs, credit cards, mortgages, home equity loans, and student loans. Plus, you can enjoy modern perks like mobile check deposits, online bill pay, and instant transfers.
4. First Tech Federal Credit Union
First Tech Federal Credit Union is headquartered in California. The credit union offers many benefits, such as excellent customer service, many branches throughout the U.S. and Puerto Rico, online banking, and mobile banking.
It also has the Dividend Rewards Checking Account, which gives you 1.00% APY on balances below $1,000. You don’t have to live in California to join as long as you donate to a nonprofit called the Financial Fitness Association.
5. Consumers Credit Union
Consumers Credit Union was established in 1951 as a local credit union. Based in Illinois, it’s one of the largest credit unions in the state with over 100,000 members and more than $1.2 billion in assets.
You can join it, even if you don’t live in Illinois. All you have to do is donate the $5 membership free to an affiliated nonprofit. You can open almost all of its accounts online, except for the checking accounts and IRAs. The credit union also offers a high-yield checking account that offers high interest if you meet certain criteria.
6. Langley Federal Credit Union
Langley Federal Credit Union is based in Virginia and made its inception in 1936. At that time, members of the National Advisory Committee for Aeronautics, the predecessor to NASA, chartered the credit union.
Today, Langley offers membership to anyone who pays a fee to support an important cause in Virginia and deposits at least $5 into a savings account. You can choose from a checking account without a monthly fee, a variety of no-fee savings accounts with competitive interest compounds monthly, and Visa Cards with cash back rewards.
7. Lake Michigan Credit Union
Lake Michigan Credit Union made its debut in 1933 by a group of teachers. Headquartered in Grand Rapids, Michigan, it has 51 branches in Michigan and southwest Florida. Since it’s part of the Allpoint ATM network, members can enjoy free access to more than 55,000 free ATM.
To join, donate $5 to the ALS Foundation and deposit $5 into a Member Savings account. Once you do, you can earn perks through the MORE rewards program and redeem them for complimentary checks and free out-of-network ATM transactions.
You may also open the free, no frills Max Checking account. Note that the Member Savings account, which you must open to become a member, requires a minimum daily balance of $300 or you’ll be charged a $5 monthly fee.
8. Lafayette Federal Credit Union
Lafayette Federal Credit Union was founded in 1935 as an alternative to traditional banks. It offers numerous perks, like no minimum balance requirement or monthly maintenance fees, online banking, mobile deposits, free direct deposit, and special discounts.
You can join it if you live, work, worship, or attend school in Washington D.C. If you live outside the D.C. area, you may still become a member as long as you invest in a lifetime Home Ownership Financial Literacy Council (HOFLC) membership for only $10. This nonprofit focuses on helping consumers navigate the path to homeownership.
9. Affinity Plus Federal Credit Union
Affinity Plus Federal Credit Union has 26 branch locations across Minnesota. APFCU offers MyPlus Rewards that gives you points if you keep a certain amount of money in your bank account or use its debit or credit card.
To be eligible to join, all you have to do is donate $25 to the Affinity Plus Foundation and open a basic savings account. If you live and work in Minnesota or have a family member in the state, there are other ways to become a member.
10. Chevron Credit Union
Chevron Credit Union has been around since 1935 and has 19 branches that span six states, including California, Louisiana, Mississippi, Texas, Utah and Virginia. It operates under two brands: Chevron Federal Credit Union and Spectrum Credit Union.
To become a member, join one of its nonprofit partner organizations, such as the Contra Costa County Historical Society. You’ll also need to deposit $25 into a primary savings account and maintain a $25 minimum balance.
Chevron also offers a second chance checking account called New Solutions for those who need help rebuilding their banking history.
11. Ascend Credit Union
Since its inception in 1951, Ascend Credit Union has offered a variety of products, like checking and savings accounts, a money market account, Christmas Club account, youth accounts, credit cards, and loans.
If you’re interested in these services, join The Nature Conservancy, Tennessee Chapter and you’ll be eligible automatically. Note that there is a one-time fee of $25.
12. Hope Credit Union
Hope Credit Union is a black-owned credit union that was organized in 1995 by the Anderson United Methodist Church in Mississippi. You can join if you pay a $10 membership fee and show a foreign passport, permanent resident card, or Matricula Consular. Plus, you may use an ITIN number instead of a Social Security number.
Hope Credit Union provides a number of personal bank accounts, business banking accounts, and transformational deposits. With its transformational deposits, you can participate in socially responsible investing.
13. Boeing Employees Credit Union
Boeing Employees Credit Union, or BECU, was established in 1935 for Boeing employees and currently caters to more than 1 million members. But despite its name, you don’t have to work at Boeing to join.
Its products and services are available to you if you become a member or donor to the KEXP, which is a nonprofit art organization or the Sea Hawkers Central Council. The most noteworthy benefit of joining is the first-time homebuyer grant in which you can receive $7,500 toward your down payment and closing costs.
14. Hiway Credit Union
Hiway Credit Union made its debut in 1931 to serve employees of the Minnesota Department of Transportation. It offers a free checking account with no monthly fee or minimum balance requirements, a free money market account with a $500 minimum deposit, credit cards, and loans.
You can qualify for a Hiway Federal Credit Union membership if you donate to the Minnesota Recreation and Park Foundation for $10 per year or the Association of the U.S. Army, which costs $40 for two years.
15. GreenState Credit Union
GreenState Credit Union was founded in 1938. It provides its members with personal accounts, business accounts, credit cards, loans insurance, wealth management services, and more.
GreenState was named one of the fastest growing credit unions in 2021. As long as you live or work in the state of Iowa, you can become a member and take advantage of its services without any issues.
16. Cascade Credit Union
Cascade Credit Union made its debut in 1952 to serve employees of the Cascade Division of the Great Northern Railway. Today, it’s open to many people and offers great perks like members-only sweepstakes, competitive rates, online banking tools, financial counseling, and group insurance benefits.
If you’d like to join, simply become a member of the Great Northern & Cascade Railway Association (GNCR) and pay an annual membership cost of $40. The credit union can help you fill out your application online or in-person at a local branch.
17. Wildfire Credit Union
Wildfire Credit Union began in 1937 as Saginaw Telephone Employees Credit Union, its original credit union name. Its first location was in the basement of the home of Hank Kosk, the credit union’s treasurer.
After some office upgrades, the credit union opened the doors to its current location on Bay Road in Saginaw and merged with Flint Telephone Employees Credit Union that same year. Today, Wildfire Credit Union offers several deposit accounts as well as personal banking and business banking services. You can join if you live, work, worship, or attend school in Michigan.
18. Nextmark Credit Union
Nextmark Credit Union made its debut in 1958. Its offerings include personal and business checking, home equity loans, personal loans, credit cards, gift cards, and more.
To join, you must live in a qualifying county in Virginia or make a donation to Herndon Elementary PTA, a Title I school.
19. Technology Credit Union
Technology Credit Union, or Tech CU, was established in 1960. It’s based in Silicon Valley and provides its members with no shortage of benefits. These include competitive rates, online banking, access to fee-free ATMs, free credit score monitoring, conference room space, and easy online appointment booking. To become a member, join Financial Fitness Association for only $8.
20. Veridian Credit Union
Veridian Credit Union was established in 1934. Most of its members are those who live or work in Iowa or certain counties of Nebraska. However, it’s open to anyone who is a registered user of Dwolla, a financial technology company. This means you can join as long as you sign up for a personal account at Dwolla.
You’ll also need to open a savings account and deposit at least $5. If you’re already a member of a credit union or bank but would like to switch to Veridian Credit Union, the switch kit may be helpful.
21. Harborstone Credit Union
Harborstone Credit Union’s roots date back to 1955, when it was known as McChord Federal Credit Union and served airmen on the McChord Air Force Base. In 1996, the credit union expanded its membership to anyone in the state of Washington and changed its name as a result.
As long as you live, work, or worship in Washington, you may join Harborstone Credit Union and enjoy a variety of financial products and digital tools.
22. NASA Federal Credit Union
NASA Federal Credit Union began in 1949 to serve NASA employees. Since then, it’s grown to more than 177,000 members. While the credit union is headquartered in Upper Marlboro, Massachusetts, there are 12 branches in Maryland, Virginia, and Washington, DC.
Its product lineup includes a simple checking account with no minimum opening deposit, a savings account with a great rate, and several CDs. You can also monitor your credit score and make deposits with the mobile app. If you don’t work for NASA, you can still join. Simply sign up for a one-year membership at the National Space Society (NSS).
Hanscom Federal Credit Union opened in 1953. The credit union has over 20 branches in and around Boston as well as one in McLean, Virginia. It offers fee-free checking accounts, savings accounts with rewards, credit cards, and loans.
To join, you’ll need to support one of its partner organizations, such as the Burlington Players, a volunteer theater group. In addition, you’ll be required to deposit $25 into a free primary savings account.
24. Pen Air Federal Credit Union
Pen Air Federal Credit Union was founded in 1936 to support civil service employees of Naval Air Station Pensacola. It has 16 locations in northwest Florida and southeast Alabama. You may be surprised to learn that you don’t have to be an active duty or retired military member to join.
You’ll be able to take advantage of Pen Air Federal Credit Union if you become a member of the Friends of the Navy-Marine Corps Relief Society and deposit a minimum of $25 into a savings account. As a member, you can enjoy the Pen Air Platinum Mastercard, Share Savings account with the Round It program, and more.
25. State Department Federal Credit Union
State Department Federal Credit Union was founded in 1935. To join, you can become a member of the American Consumer Council for $8. This is a non-profit organization with a focus on consumer education and financial literacy.
The State Department Credit Union offers a long list of products and services, including basic, advantage, and privilege checking, a money market account, share certificate accounts, individual retirement accounts (IRAs), credit cards, and loans.
26. United Nations Federal Credit Union
United Nations Credit Union made its debut in 1947. As long as you join the United Nations Association of the United States of America, you can become a member.
UNFCU has a vast product lineup that includes a checking account, membership savings account, credit cards, debit cards, and loans, like car loans and debt consolidation loans.
Other membership perks include loyalty rewards, credit card rewards, and the member referral program.
27. Premier Members Credit Union
Premier Members Credit Union was established in 1959 for members of the Boulder Valley School District. You’re eligible to join if you make a donation to Impact on Education, a charity in the Boulder Valley School District, and open an online savings account or youth savings account.
As a member, you can expect perks, such as high interest rates on checking accounts, no monthly service fee, no overdraft fees, and free overdraft protection. The credit union also offers an extensive network of branches and ATMs for your convenience.
28. SRI Federal Credit Union
SRI Federal Credit Union is headquartered in Menlo Park, California. It was founded in 1957 and offers membership to anyone who joins the Financial Fitness Association for $8 per year.
The credit union’s account offerings include a checking and savings account, money market account, IRA, health savings account, and youth, teen, and gradate accounts.
29. United States Senate Federal Credit Union
United States Senate Federal Credit Union has been around since 1935. Its mission is to “improve the financial wellness of members throughout all stages and circumstances of life.” Its products are similar to what most credit unions offer.
As a member, you can enjoy access to a number of checking and credit union savings accounts, mortgage loans, personal loans, auto loans, Visa debit cards, and business advisory services. To join, you’ll need to become a member of the U.S. Capitol Historical Society for $65.
30. Wings Financial Credit Union
Wings Financial Credit Union was founded in 1938 by seven employees from Northwest Airlines. To date, it serves more than 320,000 members with more than $7.5 billion in assets. You can join if you donate $5 to the Wings Financial Foundation, even if you don’t work in the aviation industry.
There are no fees on its basic banking accounts, including its checking and savings accounts, a money market account, and CDs. Its high yield savings and checking accounts offer competitive rates to help you grow your money.
31. Skyward Credit Union
Skyward Credit Union was chartered in 1941. It offers a share savings account with competitive rates, an aim higher checking account with no monthly fees or minimum balance requirements, affordable mortgage and home equity loans.
It also offers online banking, a variety of insurance products, and access to over 30,000 surcharge-free ATMs. Like most credit unions require membership, so does this one. To become a member, join the Kansas Aviation Museum.
32. San Diego County Credit Union
San Diego County Credit Union has been around since 1938 and has over 430,000 credit union members. It’s considered the largest locally owned financial intuition in San Diego.
As a member, you can enjoy a free checking account, secured and unsecured credit cards, a wide range of account options with no service fees, and access to over 30,000 ATMs without ATM fees. To join San Diego County Credit Union, become a member of the Financial Fitness Association.
33. Bellco Credit Union
Bellco Credit Union is a Denver-based credit union that opened its doors in 1936. You can join it even if you don’t live in Colorado as long as you donate at least $10 to the Bellco Foundation, pay a one-time $5 membership fee, and deposit at least $25 in a savings account.
Once you do, you’ll have access to several noteworthy products, like the Boost Interest Checking account, which offers a competitive interest rate, the Premier Money Market Account, and two, no-fee credit cards.
34. Bethpage Federal Credit Union
Bethpage Federal Credit Union was founded in 1941 and currently has over 30 branches across Long Island and New York City. It has a reputation for competitive rates on it money market accounts and certificates of deposit (CDs).
The credit union also offers three checking accounts, a few savings accounts, retirement planning services, IRAs, insurance, and more. You don’t have to live in New York to join if you open a $5 savings account. As a member, you may meet with credit union staff virtually and bank on the go with a handy mobile app.
35. First South Financial Credit Union
First South Financial Credit Union opened its doors in 1957 to serve those on the Millington base. Since then, it has become of the safest financial institutions in the U.S., as stated by independent rating agencies. While the credit union has locations throughout Tennessee and Mississippi, its online banking services make it a suitable option if you live elsewhere.
Like other credit unions, it offers a full suite of checking, savings, CDs, and IRA accounts. To join, become a member of the Courage Thru Cancer Association, which supports St. Jude Children’s Research Hospital.
36. Dow Credit Union
Dow Credit Union was founded in 1937 in Midland, Michigan. It provides numerous products, including checking and savings accounts, certificates of deposit (CDs), HSAs, deposit trust accounts, and loans.
Fortunately, you don’t have to work at Dow Chemical to take advantage of them. To join, make a $10 donation to the Dow Chemical Employees’ Credit Union Endowed Scholarship Fund.
37. Blue Federal Credit Union
Blue Federal Credit Union was chartered in 1951 as Warren Federal Credit Union. If you’re looking for a high-yield checking account, you’ll appreciate its Blue Extreme Checking Account with no minimum opening deposit or monthly service fees.
Other perks include a tiered membership rewards program and round-the-clock customer service. The easiest way to become a member is to donate $5 to the Blue Foundation and open a Membership Share Savings Account with $5.
38. Digital Federal Credit Union
Digital Federal Credit Union (DCU), based in Marlborough, Massachusetts, was established in 1979. Today, it is known for its comprehensive range of financial products that includes checking and savings accounts, auto loans, mortgages, personal loans, credit cards, and wealth management services.
Perhaps one of DCU’s standout features is its commitment to digital banking, offering robust online and mobile platforms that compete with larger, nationwide banks. This makes DCU a fitting choice for those who prefer online banking, no matter where they live.
Membership is open to those who are a part of participating organizations or live, work, worship, or attend school in eligible communities. If you don’t fit those criteria, you can still join by becoming a member of a participating nonprofit organization, such as Reach Out for Schools, which requires a nominal donation.
See also: Best Nationwide Credit Unions of 2023
Bottom Line
Not all credit unions are created equal. Some have strict membership criteria, while others are more flexible. Before you join a credit union (or several credit unions) on this list, be sure to consider numerous factors.
You’ll want to look at eligibility requirements, branch location, monthly maintenance fees, accounts offered, interest rates, mobile banking, digital banking, reputation, and customer service. Best of luck as you explore the best credit unions and search for the perfect credit union.
Frequently Asked Questions
Can civilians join Navy Federal Credit Union?
Yes, civilians can join the Navy Federal Credit Union (NFCU), the largest credit union in the U.S. However, this is limited to immediate family members of service members in all branches of the armed forces. This broad eligibility criteria is one of the reasons why NFCU has grown to be the largest credit union in the country.
Can anyone join American Airlines Credit Union?
No, not anyone can join the American Airlines Credit Union. Membership is limited to those who work in the air transportation industry, including airlines, airports, and related businesses, as well as their family members. While this broadens the scope beyond just American Airlines employees, it still doesn’t include everyone.
If you live in Florida — or are thinking of relocating — the Sunshine State has several prestigious colleges and universities, including Embry-Riddle Aeronautical University, the University of Florida and Rollins College.
Higher education is less expensive in Florida than in most other states. The state also operates several robust financial aid programs, such as the Bright Futures scholarship program, that can make college more affordable for residents.
The cost of education in Florida
Florida’s education system includes 40 public colleges and universities. There are also at least 30 private, non-profit schools throughout the state.
Generally, a college education in Florida is cheaper than the national average. Here’s how much you can expect each year of your degree to cost at different types of institutions, based on 2020-21 average tuition rates as reported by the National Center for Education Statistics:
Public four-year, in-state: Nationally, the average cost of a public, in-state university was $21,337 per year. In Florida, the cost was $15,543 per year — a difference of almost $6,000.
Private non-profit: Private colleges and universities are usually more expensive than public schools. The average cost of a year at a private school in Florida was $28,860, about $4,500 less than the national average.
Community college: The average cost of attending a two-year school was $3,501 per year at the national level. In Florida, the average cost was $2,506 per year, nearly $1,000 less.
Financial aid options in Florida
To qualify for state-based financial aid, you must establish residency. For the purposes of in-state tuition rates and other state aid, you or your parents must live in Florida for at least 12 consecutive months before the first day of the term.
Currently, undocumented and Deferred Action for Childhood Arrivals (DACA) students can qualify for in-state tuition rates at Florida public colleges and universities if they meet the following criteria:
Attend a secondary school in Florida for at least three consecutive years before graduating.
Enroll in a Florida postsecondary institution within 24 months of graduating from high school.
Submit an official Florida high school transcript as evidence of attendance and completion.
However, the 2014 law that allowed those students to qualify for in-state tuition is facing challenges. Current Florida Governor Ron DeSantis has proposed repealing the measure, so this benefit may not be available in the future.
If you are a Florida resident, you may qualify for one or more of the following financial aid programs:
529 plans.
In-state tuition.
Scholarships.
Student loan repayment assistance.
Florida 529 plans
529 plans are tools to save for a child’s future education. In Florida, there are two programs:
Prepaid tuition plan: Florida Prepaid College Plans allow you to purchase college credits for future use at today’s prices. The credits can be used in-state or out, and the child can attend public or private schools. The funds are available for up to 10 years after the child’s projected high school graduation date, and plans start at $45 per month. There’s also a $50 application fee.
529 college savings plan: The Florida 529 Savings Plan is an investment account you can use to save for a child’s education. You can choose from a range of investment options to grow your contributions tax-free as long as you use the money to pay for eligible education expenses.
While some states offer special benefits, such as state account contributions or tax credits, Florida does not provide the same incentives or benefits.
Florida in-state tuition
Florida participates in the Academic Common Market. This network allows resident students to attend school in other states and pay in-state tuition rates. Through the network, students can qualify for in-state tuition at eligible programs in the following states:
Louisiana.
Mississippi.
South Carolina.
Tennessee.
West Virginia.
Not all schools or programs qualify, so talk to your selected school’s financial aid office to find out if you’re eligible for in-state rates.
Florida grants
Grants, as a form of gift aid, don’t need to be repaid, and they’re typically awarded based on financial need. Florida has three state grant programs:
First Generation Matching Grant Program
The First Generation Matching Grant Program is for Florida undergraduate students with substantial financial need and whose parents did not earn a college degree. Award amounts vary by year and the needs of the student.
Florida Student Assistance Grant Program
José Martí Scholarship Challenge Grant Fund
Florida scholarships
Students from Florida may qualify for one of nine scholarships.
Bright Futures Scholarship Program
Florida’s best-known and most valuable scholarship is the Bright Futures Scholarship Program. Through Bright Futures, students can qualify for an award for as much as 100% of college tuition and fees.
To qualify, students must be Florida residents, earn a Florida high school diploma or its equivalent, and maintain a GPA of 3.0 or higher in high school. Students must also complete volunteer service or paid work hours to qualify for the Bright Futures program.
Benacquisto Scholarship Program
The Benacquisto Scholarship Program is a merit-based award for high school graduates who achieved National Merit Scholar status. The award amount varies, but it can cover the total cost of attendance at participating schools, minus other financial aid.
Florida Farmworker Student Scholarship Program
The Florida Farmworker Student Scholarship Program is both merit-based and need-based. Each year, up to 50 eligible students can qualify for financial assistance that covers up to 100% of the credit hours required for degree or certificate programs. To qualify for the scholarship, students must be farmworkers or the children of farmworkers.
Mary McLeod Bethune Scholarship
As a merit- and need-based scholarship, the Mary McLeod Bethune Scholarship provides up to $3,000 in financial aid to academically strong students with financial need. To qualify, students must have a 3.0 GPA or higher and enroll at Bethune-Cookman University, Edward Waters College, Florida A&M University or Florida Memorial University.
Minority Teacher Education Scholars program
Administered by the Florida Fund for Minority Teachers, the Minority Teacher Education Scholars program is a performance-based scholarship for African American, Hispanic American, Asian American and Native American students. Eligible students can receive up to $4,000 per year in financial assistance.
Randolph Bracy Ocoee Scholarship Program
Students who are direct descendants of the victims of the Ocoee Election Day Riots of November 1920 or are current African American residents of Ocoee are eligible for the Randolph Bracy Ocoee Scholarship Program. Eligible students will receive up to $6,100 per year in financial aid.
Rosewood Family Scholarship
The Rosewood Massacre occurred in 1923. Students who are direct descendants of Rosewood families affected by those events can qualify for the Rosewood Family Scholarship. Qualifying students will receive up to $6,100.
Scholarships for Children and Spouses of Deceased or Disabled Veterans
This award is for the children or spouses of deceased or disabled military veterans who were Florida residents. Eligible students can receive funding for up to 110% of the required credit hours for an initial baccalaureate degree or certificate program.
William L. Boyd, IV Effective Access to Student Education Program
Student loan repayment programs in Florida
If you have student loans and live and work in Florida, you may be eligible for help from the state in repaying your loans. Florida has programs for attorneys and health care workers who will repay a portion of your debt if you complete a service obligation in a high-need area. The following loan repayment assistance programs (LRAPs) are available:
Florida Bar Foundation
The Florida Bar Foundation designed its LRAP to encourage attorneys to work for legal aid organizations. Under the terms of the LRAP, eligible lawyers can receive up to $5,000 per calendar year to repay federal or private student loans.
Florida John R. Justice
Florida’s John R. Justice LRAP provides repayment benefits to state and federal public defenders and state prosecutors who commit to remaining as defenders or prosecutors for at least three years. Participants in the program can receive up to $10,000 in loan repayment assistance per year, up to a maximum of $60,000. This program will only repay federal student loans; borrowers with private student loans aren’t eligible.
Florida Reimbursement Assistance for Medical Education program
The goal of the FRAME program is to recruit and retain medical professionals to practice in underserved areas. Through the program, nurses, physicians and physician assistants can receive assistance with their student loans. Award amounts vary by profession, but eligible borrowers can receive up to $20,000 per year in student loan repayment benefits. Federal and private student loans can be repaid through FRAME.
Nursing Student Loan Forgiveness Program
The Nursing Student Loan Forgiveness Program provides up to $4,000 annually in loan forgiveness to nurses working full time at a designated site. Examples include public schools, state-operated medical and health care facilities, and county health departments.
Nurses can participate in the program for up to four years. The program will repay federal and private student loans.
How to apply for financial aid in Florida
Florida has several financial aid programs, including gift aid in the form of grants and scholarships. To ensure you get all of the aid you’re eligible for, follow these steps:
Fill out the FAFSA: Need-based programs will determine your financial need based on the information that you submit with the Free Application for Federal Student Aid (FAFSA). The FAFSA can take less than an hour to complete. Fill it out online at FAFSA.gov.
Look up deadlines: Although Florida’s FAFSA deadline is in mid-May, some scholarship or grant programs may have different deadlines and requirements. Review the application materials of each program carefully, and make a note of any deadlines.
Create an account with Florida’s Office of Student Financial Assistance: Some of Florida’s programs require you to have a student account with the Office of Student Financial Assistance. It’s free to create an account, and you can open one at FloridaStudentFinancialAidSG.org.
Fill out the Florida Financial Aid Application: Some grant and scholarship programs require the Florida Financial Aid Application as well as the FAFSA. You must have a student account with the Office of Student Financial Assistance. Once your account is created, you can access and fill out the application.
Apply for specific programs: Some programs, such as the Benacquisto Scholarship Program or the Minority Teacher Education Scholars program, require separate applications or additional materials. Review each program’s eligibility requirements online so you can fulfill the application requirements.
Frequently asked questions
Is Florida Bright Futures based on income?
No, Bright Futures scholarships are not awarded based on your family’s income. In fact, the FAFSA isn’t required at all. Eligibility is determined by your residency, grades, standardized test scores, and volunteer or paid work hours.
Are undocumented or DACA students eligible for Florida in-state tuition?
Currently, undocumented and DACA students are eligible for in-state tuition rates under Florida House Bill (H.B.) 851, which was passed into law in 2014.
Can Florida residents get help completing the FAFSA?
Yes. Visit the Florida College Access Network for free resources, including detailed videos and tutorials, that can help you fill out the required forms to get the maximum amount of financial aid possible.
What is the FAFSA deadline for Florida?
Florida’s FAFSA deadline for the 2023–24 academic year was May 15, 2023. The application typically opens to students on Oct. 1 each year, so it’s a good idea to fill it out as soon as possible. If you missed this deadline, you can still complete the FAFSA for federal aid through Jun. 30, 2024.
My monthly Extraordinary Lives series has been a lot of fun, and I’m back with another inspiring interview. First up was JP Livingston, who retired with a net worth over $2,000,000 at the age of 28. Today’s interview is with Amanda, who is now living debt free after paying off $133,000 in three years and seven months.
I’ve been following Amanda – @debtfreeinsunnyca – on Instagram for quite some time, and I’m so happy that I was finally able to interview her!
In this interview, you’ll learn:
How Amanda got into debt.
Why she decided to get out of debt fast.
The expenses she cut so that she could pay off her debt quickly.
What she thinks about the cash envelope method.
The sacrifices she made to reach her goal.
What she did to stay motivated.
And more! This interview is packed full of valuable information!
I asked you, my readers, what questions I should ask her, so below are your questions (and some of mine) about Amanda’s story and how she has accomplished so much. Make sure you’re following me on Facebook so you have the opportunity to submit your own questions for the next interview.
Related content:
Tell me your story.
Hey Michelle! Thank you for the opportunity. Here is my story.
I was 22 years old and working as a massage therapist on a cruise ship when I was diagnosed with carpal tunnel and cubital (elbow) tunnel. The career that I had trained for was no longer an option. I had to start over and pick a new career. Tired of working commission jobs where your paycheck depends on how good of a salesperson you are, I sought out an in demand, well-paying career in cyber security.
Like any normal person would do, I took out student loans to cover my tuition. I didn’t pay any attention to how much I was borrowing or the interest rate. I figured I would be making the big bucks when I graduated and could afford the payments. To make that happen, I worked hard to get into my field and landed an internship during my first year in school. By the time I graduated, I had already been in the IT field for several years.
So, was I making the big bucks now? Nope, not even close. There was no big, fat pay raise when I graduated. Reality slapped me hard in the face when I realized I wasn’t going to be able to afford my student loan and car payments with my small salary in California.
I knew I had to do something to clean up my mess. Years before I had tried to get out of debt by following Dave Ramsey’s plan, but reverted to my old ways after going through some personal things. Wanting to give it another try, I enrolled in Financial Peace University. I also went back to school for my master’s degree. This allowed me to defer my loans while cleaning up my mess. The best part was the company I now worked for reimbursed tuition for degrees that are related to your field.
My debt was over $80,000 and consisted of student loans, a car, and a small credit card. Once I committed to doing a zero-based budget, I started to see some great progress. I was sharing all my progress with my then boyfriend, now husband. I tried to get him on board, but he wasn’t interested at the time. After a few months of hitting it hard, I started to get mad that my balance wasn’t going down as fast as I wanted it to. It was going to take me forever to get out of debt!
That’s when I had my second “I’ve had it” moment where I was now ready to take action. The Prius I was upside down on had to go. It was a drastic, but necessary move. I quickly saved up $5,000 for a used Honda Civic and sold my car. With one transaction I got rid of $17,000 worth of debt. It felt like I was getting somewhere now! Because of my past, dumb mistakes, I had to take out a $7,000 loan to cover the difference I was upside down on. Owing $7,000 is WAY better than owing $24,000. I consider this to be the best financial decision I’ve ever made. It catapulted my debt snowball and provided the motivation I needed to continue.
After seeing my progress and going through FPU, Josh got on board and started paying off his debt. He cash flowed my engagement ring and proposed several months later! We paused our debt free journey and cash flowed $14,000 in six months for our wedding and honeymoon.
With the wedding behind us, it was time to get to business. Together we had a total $133,763 in debt. Josh added a truck and multiple credit cards to the pile of debt. We combined our accounts, started doing a zero-based budget, and utilized cash envelopes to stay on track. We both worked to increase our income while keeping the same lifestyle. After three years and seven months of hard work, we became debt free on July 5th, 2018!
How much debt did you have and what was your debt from?
Our debt totaled $133,763 and consisted of 16 student loans, 8 credit cards, 2 vehicles, and 1 personal loan. Nearly half of our debt was my student loans from my associate’s and bachelor’s degrees.
Why did you want to get out of debt fast?
It’s an awful feeling not having enough money to pay your bills or having to tell your friends/family you can’t go out because you’re broke. I wanted to get out of debt fast so I could afford my bill and have money to do the things I enjoy.
My why evolved over time when Josh and I started talking about our future together. He almost bought a sailboat when he got out of the Army years ago. Josh ended up moving back to San Diego instead, and then we met. He shared his dream with me, and I was immediately on board. I had been obsessed with tiny house living, and having worked on cruise ships, I loved the water. Getting a sailboat and one day quitting our jobs to travel became our new why.
How long did it take you to pay off your debt and reach debt freedom?
We spent three years and seven months working on paying off all our debt. The first year I was on my own. We weren’t married yet, and it took some time to convince Josh to get on board. After getting engaged, we paused our debt payments for six months to cash flow our wedding. We finished up the remainder of our debt a year and a half after we were married.
How did you manage to get out of debt so fast?
Getting out of debt can be broken down into two areas: increasing your income and cutting your expenses. We did both during our journey.
Our income increased by $75,000 during our debt free journey. This was from raises, overtime, and on-call pay. How did we do this? I attribute a lot of my success to working while I was going to school. I landed a part-time internship when I was in my first year of school. It allowed me to work my way up the ladder faster and increase my income. While in my master’s program, I managed to get into the IT Security department at my company. It came with a significant pay increase and each yearly raise has been a generous amount.
Josh also works in IT. He doesn’t have a degree, but his eight years of experience in the Army and his drive more than make up for it. Josh manages critical applications and is one of the go-to people in the IT department. He’s on-call and often working overtime. His skills and work ethic have earned him well deserved pay increases over the years.
Cutting expenses also helped us reach debt freedom faster:
Housing
For most of our journey, we lived in a small 550 sq. ft house to keep rent low. This saved around $400 a month for the 2.5 years we lived there. That’s $12,000 saved!
Vacations
Other than a honeymoon, we didn’t go on a vacation during our whole debt free journey. We had a few small trips: graduation, a wedding, Christmas in Tennessee with my family, which my mom paid for because she wanted to see us while supporting our journey.
Instead of traveling, we found free things to do in San Diego. Going hiking with the dogs was one of our favorite things to do. We also hung out with friends at their house instead of going out. We would cook dinner and watch a movie or TV series.
Hobbies and fun
Josh has a lot of expensive hobbies that he put on hold during our debt free journey: spear fishing, fishing, tech stuff, etc. I didn’t have any hobbies since my life was consumed by work and school. We cut out restaurants, date nights, movies, and excessive clothing. If we wanted to go out to eat or buy booze, it would come out of our budgeted spending money. There were a lot of Netflix and chill nights! Our date nights consisted of grilling out in our yard and sitting by the fire pit. We did budget for date nights whenever we hit a big milestone.
Work perks
Josh and I work at the same company, which allowed us to carpool to save money. Additionally, our company has amazing benefits. Our health and dental insurance are extremely affordable, both of our cell phones are paid for because we’re on call, and we’re able to make up missed hours instead of taking PTO if we need to leave work for some reason.
Can you tell me about cash envelopes? How does it work and why do they help?
Cash envelopes are a budgeting method where you take out cash for specific categories instead of using your debit/credit card for purchases. Each payday we take out money for groceries, gas, spending money, and any sinking funds we’re saving for. For that two-week period, all groceries come out of the grocery envelope. Same with gas and spending money. Once it’s gone, it’s gone! There’s no money left in our accounts because it’s all been paid to debt, so you better spend the money wisely! We had our emergency fund in case anything happened, but spending too much on groceries is not an emergency.
This method really helps curb your spending because you feel it more when you use cash. It’s also easy to look in your wallet and see how much money you have for each category to stay on track. Josh is a spender and he’s had great success with cash envelopes. I had a wallet with several dividers made for him to make it easy.
A lot of people are scared to carry around cash. I think the benefits of using cash outweigh the risk of losing it or it being stolen. I suggest only carrying around the amount that you need and leaving the rest at home in a safe until you need it. If anything were to happen, you always have your emergency fund to fall back on.
What is your response to people that say, “You should invest that money instead of paying off the debt, you’ll earn more in the long run…” etc.?
Ahhh the age-old argument! My response is do what works best for YOU! Everyone’s situation and priorities are different.
When I started, I didn’t have a choice because I wasn’t going to be able to afford the minimum payments on my debt! As we got further into our journey, sure we could have invested, but paying off debt was more important to us. Becoming debt free is a sure thing and will force you to change your spending habits for the better. I never want to get in a bind and have to pull out investments early because of debt or bad spending habits.
What sacrifices did you have to make in order to become debt free?
The biggest sacrifice I made to become debt free was selling my beloved Prius for a 2005 Honda Civic. At first, I didn’t want to sell it. I was going to try and get out of debt while keeping the car. After eight months of paying down my car loan and not making a lot of progress, I realized I had to make some bigger sacrifices, otherwise I would fall back into my old spending habits and go further into debt. I still miss the ability to get into my car without taking the keys out of my purse and the convenience of Bluetooth! My used Honda is old and janky, but it’s paid off!
Often people paying off loads of debt feel they have to choose between “living life” and making payments. Were there any times during the journey that you chose to “splurge”?
There were a few times we splurged! We got sick and tired of living in a small house, so we moved into a bigger rental with office space and a yard for the dogs. Before moving we did a cost analysis on the expenses to determine if it was worth it to us to push back our debt free date by a few months or stick it out and continue living the same way.
Our new place was so empty when we moved in. Imagine going from 550 sq. ft to over 1,300! We didn’t even have a table. We spent a few weeks buying furniture and things that we needed for the house before getting back into the swing of things.
Another big splurge was a complete surprise to me! I had been eyeballing this nice Canon DSLR camera and planned on getting it as a debt free gift to myself. Right before I graduated with my master’s degree, my mom was in California on a travel nursing assignment. She knew we were on a strict budget and would say no to most things that cost money. My mom told me she won $150 gift card and wanted to use it to take us out to eat.
I agreed because who passes up free!? During dinner, I kept making comments about us going all out because we have to use up the gift card. Avocado eggrolls, pizza, and several beers later, Josh said he forgot his wallet out in the truck and went to grab it. He came in the door behind me and set a big present on my lap! I immediately knew it was the camera!
So, how did Josh get this big purchase by me? He’s a veteran and was in school at the time. Veterans get a housing allowance each month while in school per the Post-911 GI Bill. The money was deposited into his personal checking account, and then he moved it to our joint checking every month. He told me that the allowance was delayed that month because of paperwork! I completely bought it. Josh used the money to go in on my graduation gift with my mom.
And the gift card? There was no gift card! They knew the only way to get me to a restaurant during our debt free journey was to lie to me and say she had a gift card. The total with tip came out to just over $150.
What did you do to stay motivated?
It’s so important to find ways to stay motivated when you have years of work ahead of yourself. Because I had fallen off track once before, I knew I had to find better ways to stay motivated and focused.
Visuals were by far my favorite way to stay motivated. I had multiple charts, spreadsheets, and countdowns going at home and work. Every time we made a payment towards debt, I would get to color in charts, change Excel spreadsheets, and update the whiteboard at work. Having reminders where you’ll see them every day is extremely motivating.
I also sought to find other people on the same journey. Back in 2014, there weren’t a lot of people on Instagram sharing their progress and journey. I found a small group of people from searching #debtfree and #daveramsey, and started following them. The hashtags started to get polluted by people selling those skinny teas and weight loss wraps. I put out a call to the small community, and we decided to vote on our own hashtag. That’s how the #debtfreecommunity was born!
It’s so motivating to talk to people who are going through the same thing. In real life, none of my friends or coworkers were trying to get out of debt. Their eyes would gloss over when talking about budgets or paying off a debt. Every time I opened Instagram, I would immediately be motivated by another person’s journey or the lovely comments left on my posts.
If you were starting back at ground zero, what would you do differently?
There are so many things I would do differently! First off, instead of getting a $12,000 car when I was 16, I would save up a few thousand and buy a used, reliable car. That one decision would set my life on a much better path! I’d be able to save up money and pay for school upfront, which is my next point. I would spend more time figuring out what I want to do in life and researching schools. I’d make sure to pick a career that is not commission based and makes a great salary. I would start investing early in life, even if it was only $100 a month. I would continue to pay cash for purchases, save money, and invest.
What is your very best tip (or two) that you have for someone who wants to reach the same success as you?
Hands down the best tip I can give is to create a zero-based budget and stick to it. A budget doesn’t sound sexy or fun, but it gives you freedom to spend money on the things that matter to you. Budgeting doesn’t mean you have to cut out all your fun! Put it in the budget. The point is to know where your money is going and to spend it intentionally. Don’t resist the budget!
The second tip I can give is to find your people! It’s hard to stay motivated to pay off debt or save when all your friends are spending money left and right. Having a supportive group of people that get you is priceless.
What’s your next financial goal?
Our next financial goal is to save $25,000 for our 6-month emergency fund. We want to be prepared for anything that comes at us!
We keep $2,000 in a local savings account and the rest will be in a high interest savings account. Transferring money from our large emergency fund to our checking account takes a few days, which is great because it helps prevent us from dipping into it for non-emergencies.
The emergency fund will cover all of our expenses for six months with minimal cuts to the budget. It’s going to be a huge relief to have money set aside just in case. No more money fights when something unexpected happens!
Where can my readers go to learn more about you?
You can learn more about us by following along on Instagram.
Do you have any other questions for Amanda? Are you trying to pay off debt?
With the never-ending changes and challenges affecting the U.S. financial landscape, multiple community development entities are helping to counter some of their adverse effects by fostering community development initiatives.
Some examples include Community Development Financial Institutions (CDFIs) and Community Development (CD) Banks. These play a significant role in promoting economic growth and inclusion for underserved communities.
This article thoroughly explores CDFIs and the institutions that support CDFIs, outlining their significance, objectives, and how they meet capacity building initiative requirements. We also highlight the federal government’s involvement, explaining its role evolution and the numerous related economic development activities available to those who need them.
What is a Community Development Financial Institution (CDFI)?
Community Development Financial Institutions (CDFIs) are a type of financial institution that provides products and services to financially disadvantaged communities for economic development purposes.
They are essential and critical in promoting inclusion and economic growth to marginalized communities in urban and rural communities countrywide. Legislations like the Community Reinvestment Act help encourage these programs. However, the Community Reinvestment Act is not the only reason for their existence.
CDFI Certification
To become a CDFI, a financial institution must apply for a CDFI certification. This certification ensures that the institution can receive the right federal assistance resources and allows people to benefit from the CDFI fund’s programs.
How did the concept of CDFIs start?
The roots of Community Development Financial Institutions (CDFIs) extend to the 1880s, when minority-owned banks began serving economically disadvantaged communities. These organizations provided essential financial services to areas that mainstream financial institutions neglected or could not reach.
As the years progressed, new types of mission-driven financial institutions emerged. For example, the development of credit unions in the 1930s and 1940s offered alternatives to the traditional community bank that had limited services.
Moreover, new community development corporations emerged in the 1960s and 1970s, providing additional resources and support for underserved areas. These institutions gradually paved the way for the rise of nonprofit loan funds in the 1980s, establishing the groundwork for today’s modern CDFI model.
The Riegle Community Development and Regulatory Improvement Act of 1994 recognized the need to support the growing community development finance sector. With that in mind, it established the Community Development Financial Institutions Fund (CDFI Fund). This fund aimed to promote economic revitalization and community development in low-income areas by investing in and providing assistance to CDFIs.
Since its inception, the CDFI Fund played a substantial role in the growth and impact of CDFIs, enabling them to serve the financial needs of economically disadvantaged communities and contribute to their overall development and prosperity.
Types of CDFIs
Currently, multiple types of Community Development Financial Institutions (CDFIs) exist, each catering to the unique needs and challenges economically disadvantaged communities face. We explore their types and roles below.
Community Development Banks
Community Development Banks are for-profit, federal government supported and regulated financial institutions. These institutions have a board of directors that includes community representatives. CD banks provide affordable banking services, loans, and other financial products to economically distressed and underserved communities.
Operating in these communities creates jobs, improves infrastructure, and promotes economic growth. They also help increase access to capital for small businesses, including affordable housing projects and community service facilities.
Community Development Credit Unions
Community Development Credit Unions (CDCUs) are nonprofit financial cooperatives owned and controlled by their members. As is the case with traditional credit unions, they provide financial services such as savings accounts, checking accounts, and loans.
CDCUs only cater to low-income and underserved communities, offering affordable rates and financial education programs to promote inclusion and help people build credit and assets. The National Credit Union Administration (NCUA), an independent federal agency, regulates these credit unions.
Community Development Loan Funds
Community Development Loan Funds, or CDLFs, are nonprofit entities that finance community development projects by offering loans and technical assistance to marginalized communities. They facilitate access to affordable housing, promote small businesses, and help establish community service facilities to sustain growth. They also serve as an alternative source of capital for those who cannot access traditional bank financing services by offering flexible terms and underwriting criteria.
Community Development Venture Capital Funds
Community Development Venture Capital Funds offer equity and debt-with-equity investments to small and medium-sized businesses in economically distressed areas. They can be for-profit corporations or nonprofit entities.
By offering long-term capital, they help businesses grow, create jobs, and foster innovation. They also provide technical assistance, mentoring, and business development support to maintain the long-term success of their portfolio companies.
Microenterprise Development Loan Funds
Microenterprise Development Loan Funds are loan funds that provide small-scale loans, or microloans, to entrepreneurs and small businesses that might not qualify for traditional financing. They offer small capital amounts that range from hundreds to a few thousand. These loan funds help low-income people, women, and minority entrepreneurs who need smaller loan amounts and more flexible terms.
Community Development Financial Institution (CDFI) Consortia
CDFI Consortia are collaborative networks of CDFIs that pool resources, experience, and capital to increase their impact on community development services. They can access larger funding opportunities and share best practices to serve their target communities by working together. They can also provide joint technical assistance and support services, helping to strengthen individual CDFIs that are part of the network.
Understanding Community Development Financial Institutions
The main goal of CDFI fund programs is to provide affordable loans, community development banking services, financial help, and technical assistance to low-income communities. They foster economic development and empower small business owners, minorities, and marginalized communities by offering access to investment capital and other resources with fewer demands than traditional finance institutions.
CDFIs differ from traditional financial institutions because they focus on community development and serving minority communities. They also collaborate with religious institutions, community service organizations, and rely on federal funding and agencies to address the needs of their target populations.
What’s the federal government’s role in CDFIs?
The Federal Reserve Bank supports CDFIs through various initiatives, tax credits, and programs. One such program is the CDFI Fund, which the U.S. Department of the Treasury administers. The CDFI Fund provides financial, technical, and other resources to CDFIs, casting a wider net to help low income people and communities access their services.
In addition to the CDFI Fund, the Federal Reserve Bank supports CDFIs through programs and training initiatives such as:
Bank Enterprise Award Program
Capital Magnet Fund
CDFI Bond Guarantee Program
CDFI Equitable Recovery Program
CDFI Program
Rapid Response Program
Native Initiatives
New Markets Tax Credit Program
Small Dollar Loan Program
These initiatives by the Federal Reserve Bank provide financial incentives and resources for CDFIs and community development entities to invest in eligible community projects, promote economic growth, and create jobs.
How has that federal role changed over time?
The federal government’s role in supporting the CDFI industry changes over time to respond to the changing needs of disadvantaged communities and the growing recognition of the importance of financial inclusion.
Early efforts, for example, provided seed capital and technical assistance to establish and grow CDFIs. With the maturation and evolution of the industry, the government started focusing on building capacity, collaboration, and supporting innovative endeavors.
Recent changes emphasize leveraging private sector investments, regulatory relief, and encouraging partnerships between the CDFI industry and other financial institutions. Examples include minority depository institutions (MDIs) and mainstream banks.
CDFIs’ Role in Financial Inclusion
Financial inclusion is an essential part of CDFI initiatives. Access to affordable financial products and services helps bridge the gap between poor communities and mainstream financial institutions. CDFIs also promote financial knowledge, support small businesses, finance affordable housing activities, and facilitate economic development initiatives.
CDFIs also ensure that economically distressed communities can access essential community services facilities like healthcare centers, schools, and childcare. Their work helps contribute to these communities’ overall well-being and stability. It creates a solid foundation for long-term economic growth.
Business Model
CDFI business models are unique in combining traditional financial services with a strong emphasis on developing and positively impacting the communities they cater to.
They generate revenue by collecting interest and fees on loans, investments, and other financial products. However, they also rely on grants, donations, and especially government funding like the CDFI fund to support their operations.
CDFIs collaborate with organizations like government agencies, nonprofits, and private sector partners to attain their goals. Additionally, they leverage tax credits, guarantees, and other financial tools to attract more investment capital and support their lending activities.
CDFIs Provide Opportunity for All
CDFIs provide real opportunities by addressing the financial needs of underserved communities to help them succeed and promote their economic growth. To do this, they offer access to affordable financial products and services to communities that experienced systematic lockouts from these programs.
By emphasizing their needs and giving them more accessible and affordable ways to prosper, low-income individuals and businesses have access to essential financial tools. These tools were traditionally out of reach for mainstream financial institutions.
Moreover, CDFIs support small businesses owned by women, minorities, and individuals in economically distressed communities. By offering tailored financing solutions, technical assistance, and business planning resources, CDFIs help these entrepreneurs overcome barriers to entry, create jobs, and contribute to local economies.
Another significant aspect of CDFIs’ work is their focus on affordable housing and community development projects. They finance the construction and rehabilitation of affordable housing units and invest in community facilities like schools, healthcare facilities, and childcare. These are essential to the well-being and stability of low-income communities and help them worry less about factors beyond their control or that are too expensive to access otherwise.
CDFIs also promote financial education and empowerment by providing resources and training to help people develop financial literacy skills, manage their finances, and build assets. These initiatives contribute to breaking the cycle of poverty and promoting economic self-sufficiency.
By partnering with various stakeholders, such as government agencies, nonprofit organizations, and private sector partners, CDFIs leverage resources and expertise to maximize their impact. This creates a ripple effect that extends beyond the immediate recipients, fostering inclusive and resilient communities.
Types of CDFIs
Many community development financial institutions focus on addressing the needs of economically disadvantaged communities. These include community development banks, credit unions, loan funds, and venture capital funds.
Federal agencies like the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) regulate community development banks and credit unions. They offer various banking services, from deposit accounts to loans, catering to low-income communities.
Loan funds make affordable housing possible, support small businesses, and help community facilities. On the other hand, venture capital funds offer equity investments that support small businesses and startups in underserved communities.
“Newer” CDFI Resources
As community development financial institutions evolve, multiple resources and programs are emerging to support their growth and impact. Examples include:
CDFIs as Capital Plus Institutions
Sometimes, community development financial institutions are called “Capital Plus” institutions. This is because they provide investment capital, development services, technical assistance, and financial education to support the long-term success of their clients.
This approach allows community development financial institutions to significantly impact low-income and economically distressed communities, promoting economic opportunity and inclusion.
Emergency Capital Investment Program (ECIP)
The Emergency Capital Investment Program (ECIP) is a federal initiative that provides capital to CDFIs and MDIs to support their lending activities after the economic challenges caused by COVID-19. This program helps ensure that these institutions have the resources to continue providing essential financial services to underserved communities, small businesses, and minority-owned businesses during times of crisis.
Paycheck Protection Program Liquidity Facility (PPPLF)
The Paycheck Protection Program Liquidity Facility (PPPLF) is another federal initiative that supports the lending activities of CDFIs and other financial institutions participating in the Small Business Administration (SBA) Paycheck Protection Program (PPP). By providing liquidity to these institutions, the PPPLF enables them to continue offering loans to small businesses needing financial assistance during challenging economic times.
CDFI Rapid Response Program
The Rapid Response Program from the CDFI Fund provides immediate financial assistance during crises or natural disasters. CDFIs can quickly access funds for disaster recovery, emergency relief efforts, and other needs, serving as “financial first responders” for the communities they support.
These newer resources and programs demonstrate how the federal government, private sector, and other stakeholders support the work of CDFIs and promote financial inclusion and economic opportunity. By leveraging these resources, CDFIs can better address the needs of low-income communities nationwide and foster economic development in urban and rural communities.
2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).
How to Apply for a VA Home Loan?
This is a quick look at how to apply for a VA home loan in Lawrence County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA mortgage loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Lawrence County. If you have any questions, you can call us at VA HLC and we’ll help you get started.
Get your Certificate of Eligibility (COE)
Give us a call at (877) 432-5626 and we’ll get your COE for you.
Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
Get pre-approved, to get pre-approved for a loan, you’ll need:
Previous two years of W2s
Most recent 30 days paystubs or LES (active duty)
Most recent 60 days bank statements
Landlord and HR/Payroll Department contact info
Find a home
We can help you check whether the home is in one of the Lawrence County flood zones
Get the necessary inspections
Termite inspection: required
Well or septic inspections needed, if applicable
Get the home appraised
We can help you find a VA-Certified appraiser in Lawrence County and schedule the process
Construction loan note: Construction permit/appraisal info
Building permit
Elevation certificate
Lock in your interest rates
Pro tip: Wait until the appraisal lock in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
Close the deal and get packing!
You’re ready to go.
What is the Median Home Price?
As of February 28, 2021, the median home value for Lawrence County is $69,091. In addition, the median household income for residents of the county is $39,993.
How much are the VA Appraisal Fees?
Single-Family: $500.
Individual Condo: $500.
Manufactured Homes: $550.
2-4 Unit Multi-Family: $550.
Appraisal Turnaround Times: 10 days.
Do I need Flood Insurance?
The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
There are some minimal flood hazard areas in Lawrence County, particularly by Lake Charles, Black River, and its attached streams such as Flat Creek.
How do I learn about Property Taxes?
Becky Holder is the Lawrence County tax assessor. Her office can be reached at 315 West Main St. Walnut Ridge, Arkansas, 72476. Additionally, Becky’s office can also be reached by calling 870-886-1135.
As a homeowner, Amendment 79 and Act 142 provide that tax relief to make them eligible to receive up to $350.00 tax credit on the property that is their principal residence. Also, homeowners who are 65 years of age or older or 100% disabled may receive a freeze on their assessed value, so their taxes do not increase over the years. Mobile homeowners are also eligible.
What is the Population?
The county’s population of 16,406 is 95% White, 2% Hispanic, and 1% Black.
Most county residents are between 18 and 65 years old, with 22% under 18 years old and 19% older than 65.
In total, the county has about 6,463 households, with an average of 2.4 people per household.
What are the major cities?
The county has at least 5 large cities and communities, including Walnut Ridge, which serves as the county seat. Some other cities and towns making up this county are Imboden, Hoxie, Black Rock, and Ravenden.
About Lawrence County
Lawrence County, Arkansas farmers produce mostly corn, rice, sorghum, and soybeans. Additionally, other industries contribute to the county’s economy, such as manufacturing, poultry, and cattle.
Regarding education, more than 3,000 students benefit from the academic programs provided in its 10 public schools. Besides, higher education can be achieved at the historic Williams Baptist University, which is now famous for its liberal arts program.
The wide variety of rivers and lakes found in Lawrence County offer excellent outdoor opportunities for entertainment such as kayaking, rafting, and canoeing. Furthermore, in Lake Charles State Park, locals and visitors enjoy fishing, camping, and hiking.
Furthermore, the county offers many historical landmarks to visit, so tourists can benefit from its rich history and culture. Also, one of the most famous and visited annual festivals is the Lawrence County Fair, featuring rodeos, shows, exhibitions, and much more.
Veteran Information
Lawrence County has a veteran population of 1,082.
County Veteran Assistance Information
Lawrence Veteran’s Services Office – 315 West Main Street STE 1, Walnut Ridge, Arkansas 72476.
VA Home Loan Information
For more information about VA Home Loans and how to apply, click here.
If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government-guaranteed home loans available.
VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.
VA Approved Condos
There are no VA-approved condos available in Lawrence County Arkansas. For more information about the VA condo approval process give us a call at (888)573-4496.
Ideally, you’ve already begun. No? Then start looking now if you really want to save money. Don’t wait until two days before Labor Day and then go the one-stop-shopping route. The OSS retailers get you through the doors with a few loss-leader prices and make their money back on everything else.
