That may have been what Kim Kardashian was thinking when she had a hallway in her home lined with no fewer than two dozen evergreens, but Reddit was not impressed.
Like much of what comes with Kardashian, it was hard to tell real from fake. On Instagram, she said the trees were all real and “smell so amazing.”
“Those look like real trees that have been flocked,” one Reddit user wrote. “It’s a paper-cornstarch-boron mixture that’s supposed to be flame retardant and also look like snow. Honestly I think they look tacky and there are better ways to mitigate fire risk but if your whole house is filled with them it’s probably safer this way. Still an unnecessary use of these trees from my perspective though.”
Another said: “Flocked trees can NOT be picked up or taken to greenwaste. Totally disgusting.”
Real trees are more sustainable than fake ones, but flocking them renders that advantage obsolete. An average tree grows in seven years and absorbs carbon and other pollutants during that time, using 10 times fewer resources than artificial tree factories, according to One Tree Planted.
On the other hand, fake trees are made of metal and plastic, which will remain in the environment for thousands of years. And since 85% are made in China, they add an enormous burden in terms of carbon pollution via shipping.
Lead poisoning — which can cause irreversible brain and nervous system damage in children — is also a threat. RTK Environmental Group cited a 2002 study that showed three out of four artificial trees contained lead, meaning 50 million American households were at risk.
Kardashian’s reputation surely didn’t help her standing with the r/Anticonsumption crowd. Her companies have a greenwashing problem, and she has produced perhaps the most ridiculous response to the warming planet: bras with faux nipples so that “no matter how hot it is, you’ll always look cold.”
“Literally just go outside,” one user said.
Another wrote: “That doesn’t even look cozy or festive! If I had her money I sure as hell would have a much nicer house and much nicer Christmas decoratio
Join our free newsletter for easy tips to save more, waste less, and help yourself while helping the planet.
Settle down in a city where you can hit the hometown slopes with ease.
The U.S. is home to some of the world’s most legendary ski towns, each offering an alluring mixture of powdery slopes, breathtaking scenery and cool après-ski culture. For those who love the thrill of skiing or simply enjoy the serene beauty of snow-topped mountains, these towns are the perfect destinations to lay down roots.
In this article, we will adventure through ten of the best ski towns in the U.S. while showcasing their distinct charms and attractions. From the luxurious allure of Breckenridge to the historic charm of Ketchum, each town featured below offers a special experience for skiers and mountaineers alike.
Park City stands out as one of the best ski towns in the U.S. thanks to its world-class facilities and the lively town that surrounds them. The ski experience in Park City is top of the line, thanks to its two major skiing attractions: Park City Mountain and Deer Valley Resort.
Park City Mountain boasts 7,300 acres of terrain, 330 individual ski runs and is recognized as America’s largest ski area. Deer Valley Resort is known for its quality of service and has been a favorite in skier satisfaction polls for many years. Both resorts played significant roles during the 2002 Salt Lake Winter Olympics, enhancing Park City’s reputation as a premier skiing destination.
Apart from its winter sports appeal, Park City is also an attractive destination for apartment renters. The historic Main Street is a hub of activity with its beautifully preserved mining-era buildings now housing shops, restaurants and hotels. Park City offers a rich blend of dining options, from award-winning chef-owned restaurants to casual dining spaces, catering to a range of international cuisines. The town has a strong culture, with events like the Sundance Film Festival and many outdoor concerts.
Park City’s commitment to sustainability is evident in its efforts to achieve net-zero carbon and zero waste by 2030, including projects like solar farms for renewable energy. This is also a draw for residents, with initiatives like free public transportation, electric buses and a Sustainable Tourism Plan.
Breckenridge is widely recognized as one of the best ski towns in the U.S. As a ski destination, Breckenridge is renowned for its expansive terrain, catering to all levels of skiers and snowboarders. It features five distinct peaks offering a range of slopes, from gentle beginner areas to challenging black diamond runs.
The ski resort is easily accessible, located just 80 miles west of Denver and is known for its world-class facilities and breathtaking alpine views. The après-ski scene in Breckenridge is also notable, with plenty of dining and entertainment options to relax and rejuvenate after a long day on the slopes.
For apartment renters, Breckenridge offers more than just exceptional skiing. The town has a unique Wild West aesthetic, with colorful saloon-style storefronts set against the Rocky Mountains’ Tenmile Range backdrop.
Residents and visitors can take part in several activities throughout the year, from exploring historic sites and museums to indulging in the town’s growing food scene. The accommodations, from luxury ski-in/ski-out lodges to cozy hostels, cater to a range of preferences and budgets. Breckenridge’s community events, like the International Snow Sculpture Championships, further enhance its appeal as a uniquely exciting town to call home.
Stowe is often acclaimed as one of the best ski towns in the U.S. thanks to its charming blend of history and exceptional skiing. Situated beside Vermont’s highest peak, Stowe Mountain Resort offers a comprehensive skiing experience. It’s known for its challenging terrain, including the famous ‘Front Four’ runs which are all double black diamonds.
Stowe’s history as the birthplace of alpine skiing in Vermont, dating back to the 1930s, adds to its allure. It was here that skiing began to develop as a serious sport and leisure activity, thanks in part to efforts during the Great Depression.
For those considering a longer stay, Stowe offers a unique living experience. The town is full of lodging options, from luxurious slopeside suites to budget-friendly accommodations.
It’s not just the skiing that attracts people; Stowe is a hub of activity all year round. The town has a strong farm-to-table culture, with restaurants like Plate offering inventive takes on classic dishes. For nightlife, spots like The Matterhorn and Idletyme Brewing are popular for their inviting atmosphere.
Stowe’s calendar is always full, with events like the annual Stowe Derby and shows at the Spruce Peak Performing Arts Center. The town also exudes a particular brand of picturesque New England charm that you just can’t replicate or deny.
Bend’s proximity to Mt. Bachelor Ski Resort makes it a top destination for ski enthusiasts. Mt. Bachelor is the sixth-largest ski resort in the United States and boasts over 4,300 acres of lift-accessible terrain. The resort experiences an average snowfall of over 450 inches each year, contributing to its long ski seasons, which can stretch from November to May.
In addition to downhill skiing, the area is ripe for cross-country skiing at its Nordic Center, snowshoeing and a ton of other winter sports. The proximity of Hoodoo Ski Area, with its affordable pricing and night skiing options, also adds to Bend’s appeal as a ski destination.
For those considering an apartment in Bend, the town has an appealing combination of natural beauty and a strong sense of community. Bend is more than just a winter sports haven; it’s a year-round destination with activities like biking, river rafting, fishing and hiking. The town’s high desert location provides a beautiful backdrop and contributes to its dry and powdery snow, perfect for skiing.
The community atmosphere in Bend is enhanced by its local restaurants, breweries and business owners, making it an ideal place for everyone from established families to college grads. The availability of a spectrum of accommodation options, from vacation rentals in Sunriver to the amenities at Sunriver Resort, caters to different preferences and lifestyles.
Whitefish earns its reputation as one of the best ski towns in the U.S., thanks to Whitefish Mountain Resort, a key attraction for skiers from around the globe. Formerly known as Big Mountain, this resort has 3,000 acres of skiable terrain, 105 marked runs and a substantial 2,353 feet of vertical drop. The resort caters to all skill levels, from beginners to experts, with a variety of runs and meticulously maintained terrain parks.
After a day on the slopes, visitors can explore the charming town of Whitefish, known for its warm and welcoming atmosphere, local breweries and cozy restaurants. Whitefish’s commitment to preserving its classic character and community vibe, as well as its proximity to Glacier Park International Airport, makes it an accessible and appealing destination for winter sports enthusiasts.
For apartment renters, Whitefish is a great place to settle down. The town has managed to retain its classic character through establishments like The Great Northern Bar & Grill and Logan’s Bar & Grill, which contribute to its identity as a hip ski town with deep roots.
The town also hosts plenty of events, including the Whitefish Winter Carnival. All these elements combine to make Whitefish not just a fantastic ski town, but also a great place to call home all year round.
Taos is touted as one of the best ski towns in the U.S., primarily due to the Taos Ski Valley. As the largest ski resort in New Mexico, Taos Ski Valley boasts almost 1,300 skiable acres, meaning there is room for all skill levels.
Taos Ski Valley is not just a winter destination; it also supports activities like mountain biking and hiking. Visitors can enjoy the resort’s slopeside Blake Hotel, known for its exquisite art collection and a great spa.
As a town, Taos strikes a particular appeal to apartment renters. Located in the Sangre de Cristo Mountains, the town is a blend of rustic and refined, with a funky, laid-back vibe that extends into its Populus.
Taos is a hub for arts and food, boasting galleries, museums, restaurants and one-of-a-kind adventures. This means your artsy aunt will feel just as comfortable visiting as your finance bro cousin.
Jackson is one of the best ski towns in the U.S., largely thanks to its stunning ski resorts. Jackson Hole Mountain Resort is a standout attraction, consistently voted as a top ski and snowboard destination in the country. The resort has a famous Aerial Tram, which transports skiers to the top of Rendezvous Peak, granting access to some of the most challenging runs. The resort is also known for its “cowboy powder” – deep, light snow that is a dream for experienced shredders.
Apart from its appeal as a ski destination, Jackson is also an attractive town for renters. The town boasts a stellar culinary scene that rivals America’s top food cities, with a range of local and international cuisines. Accommodation options in Jackson and the adjacent Teton Village cater to various styles and budgets.
The town’s proximity to national parks like Yellowstone and Grand Teton offers opportunities for wildlife tours and other outdoor activities, making it an ideal location for those who love nature and adventure.
Ketchum stands out as one of the best ski towns in the U.S. thanks to the renowned Sun Valley Ski Resort. Favored by experienced skiers, Bald Mountain, provides over 3,400 vertical feet of skiing with no flat spots, ensuring thrilling descents for speedsters. For beginners or those with families, Dollar Mountain is the way to go.
The resort is not just about skiing; it’s a year-round destination with facilities like an outdoor ice-skating rink and a heated pool. The food scene in Sun Valley, ranges from authentic tacos to upscale French cuisine.
As a town, Ketchum is great for apartment renters and long-term residents. Its downtown area is a blend of rustic charm and modern amenities, with a variety of shops and restaurants. The nightlife in Ketchum is punctuated by a few options, from local breweries like Sawtooth Brewery to more laid-back bars, ideal for après-ski relaxation.
For those seeking outdoor escape beyond the slopes, Ketchum is surrounded by trails and natural beauty, with activities like hiking and mountain biking never more than a few minutes away. The combination of exceptional skiing, a lively town atmosphere and a strong sense of community makes Ketchum an attractive destination for all.
Lake Placid is located in the High Peaks region of the Adirondack Park, offering stunning views of the state’s highest mountain, Mount Marcy. The crown jewel of Lake Placid’s skiing scene is Whiteface Mountain, located just about 13 miles from the town. With a vertical elevation of 3,430 feet, Whiteface Mountain boasts the highest vertical drop in Eastern North America. This mountain offers over 283 acres of skiable terrain, 86 trails and 11 lifts, catering to beginners and experts alike.
The area’s Olympic history, having hosted the Winter Games in 1932 and 1980, adds to its appeal, offering visitors a chance to engage in a variety of facility-specific winter sports, including bobsledding and curling.
Apart from its skiing prowess, Lake Placid is an attractive town for renters due to its strong sense of community and upscale attractions. The town is home to a variety of activities, like the Lake Placid Sinfonietta, a professional summer chamber orchestra and other locally-loved events like the Ironman Lake Placid Triathlon and the Empire State Games.
The town’s scenic majesty is not limited to the winter months. It’s a year-round destination with activities like boat tours of Lake Placid Lake, leisurely walks around Mirror Lake and hiking trails.
North Conway stands out as one of the best ski towns in the U.S., thanks to its exceptional skiing facilities and picturesque setting. Notably, Attitash Mountain Resort and Cranmore Mountain Resort are two of the main ski areas in North Conway, providing options for all skiers.
North Conway is near thirteen ski resorts and cross-country centers, offering a smattering of winter sports including snowmobiling, dog sledding, sleigh rides and ice skating. This abundance of winter activities contributes to North Conway’s reputation as not just a top ski destination, but a top-tier winter town in general.
For renters, North Conway is defined by an appealing mix of outdoor adventure and well-maintained community amenities. The town is surrounded by the scenic White Mountain National Forest, providing residents with ample opportunities for year-round outdoor activities beyond skiing, like hiking and dog sledding.
North Conway also boasts over 200 tax-free outlets, shops and boutiques, along with more than 75 restaurants catering to all tastes and budgets. The town’s homes range from luxurious boutique properties to cozy complexes, solidifying its appeal to renters as one of the top spots for anyone looking to live life surrounded by some of the most pristine nature in The States.
Hit the slopes close to home
Whether you’re seeking the adrenaline rush of downhill skiing, the tranquility of a mountain retreat or the warmth of a welcoming community, the towns featured above each provide the perfect backdrop for a memorable apartment life.
As you plan your next move, consider these exceptional destinations, where the combination of natural beauty, outstanding facilities and strong communities promises an adventure like no other.
Ready to settle down in your favorite ski town? Your dream apartment is only a few clicks away.
For those who love winter sports and other year-round outdoor recreation, it’s worthwhile to consider Salt Lake City as a potential home. An attractive destination, full of ski resorts and some of the “greatest snow on earth,” the city and its surrounding area provides mass appeal making it worth getting to know.
Even as you’re busy skiing in the winter and hiking through canyons and over mountains in the summer, you do still need to consider whether the cost of living in Salt Lake City will fit into your budget. At 8.4 percent above the national average, it’s one of the more expensive Utah cities, coming in slightly above Provo and almost 10 percent above Ogden.
Although most likely still affordable to most, here’s how the Salt Lake City cost of living breaks down by the most important necessities.
Housing costs in SLC
One of the biggest cost of living areas impacted by the influx in residents to Salt Lake City, Utah, is the real estate market. At 21.8 percent above the national average, prices have increased by almost 6 percent over last year.
The city’s housing costs, overall, are significantly higher than other Utah metros. They’re 10.6 percent above Provo and 25.3 percent above Cedar City. This puts specific apartment averages a little higher as well — a one-bedroom apartment averages around $1,440 per month, up 8 percent since last year, and a two-bedroom apartment averages $1,760 per month, up 5 percent.
Home prices are also on the rise, up 7.7 percent over last year. This increases the median sale price in Salt Lake City to $550,000.
Apartment hunting in Salt Lake City
There are a lot of options when it comes to finding an apartment in the best neighborhoods in Salt Lake City.
People’s Freeway is a popular area just south of Downtown for renters. A one-bedroom apartment in this laidback neighborhood averages out at $2,032 per month. Also attractive, Downtown Salt Lake gives you that urban feel with ample bars, restaurants and parks. Living here though costs you an average of around $1,900 per month for a one bed.
To stick more closely to the citywide average price, consider looking for rentals in Glendale. This neighborhood isn’t far from Downtown, and a one-bedroom rental here averages out at $1,444 per month.
Food costs in Salt Lake City
This city boasts a lot of diversity when it comes to food, offering up a variety of cuisines both in restaurants and at local grocery stores and global markets. Some of the city’s signature items though include fry sauce, the signature condiment of the city, and pastrami burgers. You’ll also get amazing honey from here. Utah is after all, the Beehive State.
Overall, the cost of living here when it comes to groceries is 3.5 percent above the national average. This is less than a one percent increase over last year, which hopefully means food prices haven’t seen too big of a price hike.
As it stands, you can expect to pay around $4.91 for a pound of ground beef and $2.13 for a dozen eggs. If you’re a coffee drinker, grocery store prices come out to about $5.35, while those who love orange juice in the morning will most likely shell out $4.67 for a container. Many of these prices sit on the higher side when compared with other Utah cities.
Utility costs
The only piece to your cost of living puzzle that’s below average are utilities. In Salt Lake City, they’re 6.4 percent below the national average. This is good news since you’ll most likely run your heater pretty hard once it gets cold. It’s common to see temperatures get below freezing for most of the winter.
Averages are also low enough to knock Salt Lake City out of the most expensive Utah city in this category. It’s still on the high end, but you’ll pay more in Cedar City, where costs are 2.1 percent below the national average.
When it comes to your monthly power bills, these averages mean you can expect to pay about $151 per month in utilities in Salt Lake City, and $166 per month in Cedar City.
Transportation costs
Transportation costs in SLC are 13.1 percent above the national average. This means that potentially the best way to save a little on this particular cost of living piece is to mix things up.
If you need to get around by car, remember to take into account the cost of parking. Salt Lake City has meters that average around $2 per hour. There are also plenty of parking garages that vary in cost.
If you’re able to tap into public transportation, TRAX, an electric light rail system, runs three different lines to get you where you need to go. There are the blue, red and green lines moving through 50 stations, including the airport. The city is also part of a comprehensive bus system with more than 120 routes. Seasonal ski service is another form of public transportation you can take advantage of from November/December through March/April.
Fares include the local bus, TRAX and the city’s streetcar. A one-way fare is $2.50, and a day pass is $5. It’s $85 to purchase a monthly pass.
When the weather is nice, you can save on transportation by taking advantage of the fresh air and going about on foot or by bike. Salt Lake City boasts a 67 walk score and a 73 bike score.
Healthcare costs
Paying for healthcare is never an easy line item in your budget. Costs can vary greatly between people based on your own health needs, prescription costs and history. Although the city itself has healthcare costs that are 2.1 percent above the national average, what you pay out-of-pocket won’t always align with averages.
Salt Lake City healthcare costs are the highest in Utah by a significant amount. Most other major cities are below the national average, with the lowest being Cedar City at 10.1 percent below. Even Provo, the closest city in price to Salt Lake, is still 6.5 percent lower than the national average.
This may impact what you pay when you go see your doctor, although this cost is highly dependent on your insurance coverage. If you don’t have insurance though, expect to spend, on average, $121.40 at the doctor, $94.80 at the dentist and $114.19 when seeing the eye doctor. The average spend in prescription medications, without insurance, reaches up to $510.44.
Goods and services costs
The cost of living in Salt Lake City has many moving parts, but one of the best ones is anything in the goods and services category. These are all the extras you work into your monthly budget. Both fun and functional, it’s what you hope to get to do each month, but are also often willing to cut if money gets tight.
Overall, goods and services in Salt Lake City are 2.2 percent above the national average. This is a 2.2 percent decrease over last year. That’s good news, and may mean prices for things like a movie ticket ($12.95), a haircut ($19.40) or even a bottle of wine ($8.99) are going down.
Taxes
When it comes to budgeting for shopping, it’s good to know that Salt Lake City has a 7.75 percent sales tax rate. That means for every $1,000 you spend on furnishing your new apartment, for example, $77.50 will go straight to taxes.
This rate is calculated by combining the 4.85 percent statewide rate with a county tax, city tax and special tax.
Taxes will hit you again when it’s time to file your annual return, however, the state of Utah has a standard income tax rate of 4.85 percent. You pay this no matter your income.
How much do I need to earn to live in Salt Lake City
Setting aside 30 percent of your gross income is one of the best ways to budget for rent. If you align your estimated monthly costs with this number, you should still be able to afford all the other pieces that make up the cost of living in Salt Lake City.
Working backward, if the average one-bedroom apartment here is $1,475, you’d need to earn at least $57,960 a year to make the 30 percent rule work.
This is good news for many residents, where, the median household income is $63,156, slightly higher than what you’d need.
To best figure out how much you can afford in rent, check out our rent calculator to see what you have to work with.
Free things to do in SLC
Being a state capital, the first free activities that come to mind include touring the Utah State Capitol and the Governor’s Mansion. While you can tour the capitol building any day it’s open, the Governor’s Mansion only has tours on the first Wednesday of every month, from 2 to 4 p.m.
The scenic backdrops around Salt Lake City make the parks all over town another freebie that’s extra special. Some favorites to check out include:
Sugar House Park, the largest park in Salt Lake at 110 acres
Liberty Park, one of the shadiest parks in the city
Memory Grove Park, with its Liberty Bell replica
Canyon Rim Park, a popular festival location
Other popular spots in Salt Lake that are also easy on the wallet include the Clark Planetarium. Admission to the exhibits is always free, though you will have to buy tickets if you’re going to see a special film. For a free annual event, check out the Living Traditions Festival each May. This special event celebrates the city’s diverse ethnic communities and traditions.
Living in Salt Lake City
There are so many good reasons leading people to flock to this beautiful Utah city; what will yours be? From its proximity to the mountains and many national parks to its unique culture and young, vibrant vibes, there’s something for everyone here. It’s no wonder Salt Lake is one of the best cities in Utah.
So, if you’re craving a little snow, with plenty of skiing, and want to live in a fun spot that continues to grow and thrive, it’s time to start planning your move to Salt Lake City today.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of November 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
A condo is a privately owned unit in a community of other units, often with shared areas or amenities. If you’re considering whether to buy or rent a condo, you’ll want to think about the costs, benefits, and responsibilities of each option.
Of course, those who are deciding whether or not to rent have much less riding on their choice, but it’s still worth delving into the pros and cons of this kind of property and if it suits your needs.
Here, you’ll learn about the characteristics that define condos, the pros and cons of these units, and what it’s like to rent or buy a condo.
What Is a Condo?
As noted above, a condo is a privately owned unit that is part of a community of other units, whether that means there are a couple of other residences or dozens. Typically, a condo owner only possesses their unit, unlike the situation with a single-family homeowner, who owns the home and the land under it.
You may be familiar with condos that are rented out for income. If you’ve ever rented an apartment in, say, a complex by the beach, with a shared pool and patio, there’s a chance you’ve been in a condo. Real estate investors often buy condos and rent them out in this way. 💡 Quick Tip: You deserve a more zen mortgage. Look for a mortgage lender who’s dedicated to closing your loan on time.
Characteristics of a Condo
Individual condo units are owned by private owners, while common areas are owned and maintained by an association or organization. This might be called a condo association (CA) or a homeowners association (HOA). These groups are not identical, but they do manage a multi-unit residential community.
Your ownership rights may be limited to the space within your condominium, as is the case with most condo high-rises, or you may own an entire standalone structure within a larger community. In a condo situation, the CA or HOA owns the land. In a planned unit development, the homeowners own their lot and share the common area.
Maintenance and Finances of Condos
Condos are popular starter homes, thanks to their low maintenance, relatively cheap purchase price, and general convenience. They may also appeal to investors and people who are downsizing.
With detached single-family homes, you’re on the hook for the bill if any repair issues arise, whether it’s a broken water heater, leaky roof, or malfunctioning air conditioner. This generally isn’t the case with condos, as the property management company employed by the CA or HOA maintains common areas and shared amenities.
Convenience comes with a price, though. Condo owners share maintenance costs, and the expense of a master insurance policy, by paying dues monthly or quarterly. It’s important to budget for these costs. HOA fees,for example, have recently been rising 10% per year. Atop those fees, special assessments can be levied if the HOA needs to pay for a major project.
Condos tend to appreciate at a slower rate than traditional single-family homes, but they cost less. So buyers may want to take both realities into consideration when deciding on house vs. condo.
Recommended: First-Time Homebuyers Guide
Types of Condos
Condos vary widely in structure and appearance, ranging from high-rise buildings to communal developments. Take a closer look:
Condo Developments
These are communities of standalone homes where maintenance of both the interior and exterior are carried by the condo owner, but services like the maintenance of common areas and snow removal are typically handled by a property management company.
All properties within a condo development are bound by the rules of the CA or HOA, so it’s similar to a traditional neighborhood with fixed rules and less upkeep.
Condo Buildings
These are high-rise apartments consisting of individual condo units. The maintenance of the structure, shared utilities, and common areas are the responsibility of the property management company.
If you’re looking at buying or renting an apartment in a large metropolitan area, make sure you understand what it means to choose between a condo and a co-op.
High-rise condo buildings are more common in urban areas and may have higher fees in order to cover the greater costs of maintaining an apartment building and often the salaries of full-time maintenance staff members and doormen.
Pros and Cons of Condos
Next, take a look at the pros and cons of a condo.
Pros of Condos
Here are the upsides of condo life:
• Less maintenance since the CA or HOA is responsible for many aspects of upkeep.
• Affordability. Since you don’t own the land, the price can be lower.
• Possible investment opportunity; can use a condo for rental income.
• Security. Some people appreciate having a condo staff and neighbors nearby.
• Social life. You’re part of a community and will likely know and connect with your neighbors to some extent.
• Amenities. There are often such features as gyms, pools, dog run, coworking space, party rooms, and other perks to enjoy.
Cons of Condos
Next, consider the potential downsides of a condo:
• Association rules. You have to adhere to the guidelines of the community, which may or may not suit you. This can include everything from the appearance of your home’s exterior to when and for how long you may rent your place out.
• Higher interest rates. If you are shopping for a condo to purchase, you may find that the mortgage rates are somewhat higher than what you’d be quoted if you were buying a single-family home.
• Investment risk factor. If you are buying a condo, its value could depend to some extent on other residents and how well they maintain their property.
• Lack of privacy and land. You will have neighbors…so the experience is different from being in your own single-family home on your own land. And you likely won’t have acres of property to plant and use as you wish.
• Rising costs. Your association payments can rise considerably, and assessments are possible as well. That can throw a wrench in your budget.
Recommended: Most Affordable Places to Live in the US
Buying or Renting a Condo: Which Is Better?
Whether you’re better off buying or renting a condo — or any of the other types of houses, from modular home to manufactured home, tiny house to townhouse — depends as much as your own circumstances as it does the cost of buying vs. renting in an area.
• Buying: Assuming you’ve decided to settle down in an area for the next three to five years, you might be better off buying a condo if you have a stable income stream and can cover the down payment and closing costs without emptying your emergency fund.
Given how real estate values have risen in the past few years, buying a condo may be a good choice if you’re looking for long-term investment and a chance to build home equity over time.
• Renting: You may be better off renting if there’s a chance you’ll need to relocate within the next few years, or if any upcoming life events might require you to upsize your residence, like having children.
Here’s a closer look at these scenarios.
Pros of Renting a Condo
Renting a condo gives you all of the benefits of living in a private condo unit without the long-term commitment and upfront costs.
• Few maintenance responsibilities: If you’re renting a condo unit in an apartment building, the association is responsible for maintenance, or in the case of an individually owned HVAC system, the owner is.
• More leeway for negotiation: Reliable renters are hard to come by; some condo owners may be more willing to negotiate your monthly rent than professional property managers are.
• Flexibility to end or extend your lease: As a renter, you can often decide whether to end or continue your lease. This makes it easy to cut ties if needed.
Pros of Buying a Condo
Taking out a mortgage to buy a condo more or less freezes your living costs into the future. This will help you avoid rising rents, though association fees can certainly rise.
• More affordable than single-family homes: The price of a condo is usually lower than a single-family home in a given area. This makes it attractive to homebuyers on a budget.
• Freedom to make it your own: Owning a condo gives you more freedom over such features as the appliances and color palette than you’d likely have with a rental.
• Rental potential: Depending on the rules of your association, you may have the right to rent out your condo to generate income.
Finding a Condo
If you’re ready to go out and shop for a condo, you’ll want to assemble a list of must-haves to narrow your search. This applies whether you’re looking to rent or buy.
Are you looking for a more affordable apartment condo or something with more space like a community development? Browse local listings for condo units that match your requirements.
For those seeking to buy a condo, it’s a good idea to find a real estate agent who’s well versed in condo sales. They know the area and can obtain vital info regarding association rules and financials. It’s important to review the rules and fees, and check for any special assessments and their frequency over the years.
Condo Tips
A few more suggestions as you start your hunt:
• If you are planning to buy, it’s also a good idea to thoroughly understand mortgage basics and have financing lined up with a mortgage company so you’re ready to make a bid on a property.
• Know your budget. A mortgage calculator is an excellent tool for helping you figure out your costs.
• Consider checking this HUD site for FHA-approved condos as your primary residence if you are seeking financing with an FHA loan.
💡 Quick Tip: Keep in mind that FHA home loans are available for your primary residence only. Investment properties and vacation homes are not eligible.1
The Takeaway
What is a condo? A condo is a privately owned unit within a community that can be a good starter home or a place to downsize. Or it might be a wise investment property that can bring in rental income. If you’re able to rent a condo, it’s much like renting an apartment, except your landlord may be the owner.
If you’re interested in buying a condo, realize that condo buyers are able to access the same kinds of loans available to buyers of single-family homes, though rates may be slightly higher.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
What’s the difference between an apartment and a condo?
A condo can be a kind of apartment, which is a residential unit that’s part of a larger building. An apartment can be owned or rented, as can a condo. However, a condo is a specific kind of unit ownership in which there are communal facilities and shared maintenance charges.
What is the difference between a condo and a townhouse?
With a condo, you own your unit but not the land under and around it. You pay for your unit (rent or mortgage). Association charges cover maintenance and repairs, and property taxes apply to owners. With a townhouse, the property includes the residence and the land it sits on and that surrounds it. You will pay your rent or mortgage and real estate taxes, but may not be part of an association or obligated to pay those fees.
Is a condo the same as a flat?
Many people use the terms condo, apartment, and flat interchangeably. While an apartment and a flat are the same thing, a condo refers to a style of ownership of a dwelling unit that’s part of a community. It may be an apartment, but the way it’s bought or rented can differ.
Photo Credit: iStock/Edwin Tan
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Do you want to learn how to make money in one hour? Whether it’s for an unexpected bill or you’re saving for a special purchase, the good news is that there are many real ways you can make money within an hour or less. These can be ways to make extra income or even possibly…
Do you want to learn how to make money in one hour?
Whether it’s for an unexpected bill or you’re saving for a special purchase, the good news is that there are many real ways you can make money within an hour or less.
These can be ways to make extra income or even possibly be turned into a full-time job.
Back when I had student loans, I found many different ways to make money in an hour. I did this because I wanted to squeeze in quick side hustles around my full-time job – such as before and after work and during my lunch break. There were also times when I needed money quickly, such as in less than an hour, and I had to find ways to make that happen to have cash on hand.
There may be other reasons for why you need to make money in an hour or less. If this is you, continue reading below to learn how to make money in 60 minutes or less!
Key Takeaways
If you have unwanted items (like clothes you don’t wear anymore), sell them. You can use apps or go to a thrift store, and they might give you cash right on the spot.
You could sell helpful services like tutoring or dog walking. These jobs pay you right away for the time you spend doing them.
You can make money fast by taking online surveys. Websites like Survey Junkie or Swagbucks pay you for sharing your opinions.
Recommended reading: How To Make $100 A Day
Best Ways to Make Money in One Hour
Whether you only have one hour to spare each day or if you need to make money in literally one hour from now, you do have some options.
Make money in one hour by selling items you don’t need
Got stuff at home you don’t use anymore? You can turn those things into cash, often in just an hour!
Here are some easy ways you can do this.
Clothes and jewelry – Look in your closet. Are there clothes that are no longer worn? Take them to a thrift store or a consignment store like Once Upon A Child. They buy your gently-used clothes and you leave with cash in your hand!
Toys and games – If you have toys or video games that just sit around, you can sell these too. Kids outgrow these fast, and you can find a new home for them where they’ll be loved again.
Unused gift cards – If you have gift cards that you haven’t used, you can sell them!
Other stuff – Electronics, books, or maybe some old furniture could also be sold.
You can sell items on platforms like Decluttr, Facebook Marketplace, Craigslist, and eBay. I have sold on all these (plus a lot more!), and they are all easy to use.
You could even have a garage sale if you have lots of items to get rid of.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
Mow lawns or shovel snow
Making money in one hour can be done if you mow lawns or shovel snow. These jobs can be done quickly, and you get paid right after you finish the work.
You’ll need a lawn mower, shovel, and/or snow blower to get started, and you can typically charge around $50+ for a yard.
Doing a good job increases the chances of people asking you to return or recommending you to their friends. Take your time to do things well. Before starting any work, make sure to ask how much they’re willing to spend because this way, both of you agree on the price!
Return a recent purchase
If you bought something you don’t need or haven’t used yet, returning it is a quick way to get cash.
Surprisingly, many people have items lying around that they’ve purchased but may have not used yet. If you really need the cash, then this can be a great option to start with.
First, find your receipt. This shows you paid for the item and when you bought it. No receipt? Look in your email or bags. Sometimes, stores send receipts to your email or put them in your shopping bag.
Next, check the store’s return policy. Some stores let you return items within a certain time, like 30 or 60 days. Be quick – if you wait too long, you can’t return it!
Before you go to the store, make sure the item is in good shape. It should look like when you bought it. Return it in its original packaging if you can. Here’s a list of what you’ll need to return a purchase:
Your receipt (or email proof)
The item (unused and not broken)
Packaging (the box or bag it came in)
At the store, go to the customer service desk and tell them you want to return the item. Be polite – it makes things smoother. If you don’t want to go to the store, some stores might let you mail the item back.
Remember, some items can’t be returned. Things like opened DVDs or personal use items like earbuds usually can’t go back to the store. It’s always a good idea to know the return rules before you buy things.
Deliver food to make money in one hour
If you want to make money fast and take advantage of the gig economy, you can deliver food, such as groceries or restaurant meals. Companies like Instacart, Uber Eats, and DoorDash let you sign up to be a delivery driver.
To get started, you’ll need a car, bike, or scooter and sign up for the company that you want to work with. You’ll then get orders on your phone through an app, go to the restaurant or grocery store, pick up the food, and drive it to the customer’s place (this may be their home or where they work).
You’ll get paid for each person or food delivery, plus get tips as well.
You get to choose the hours that you want to work, and you can work for just one hour or as much as you want.
Related to this, you can even deliver packages for retailers with Amazon Flex!
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Instacart is a popular website for people looking to earn extra money shopping for and delivering groceries. Instacart gives you the option to turn your free time into a chance to make some extra money.
Drive for rideshare companies
If you want to make money quickly, you might start driving for companies like Uber or Lyft.
You get paid for giving people rides in your car, and the more you drive, the more money you can make.
Drivers can earn about $20 per hour on average. In some cities, drivers can make more than $30 an hour.
You can increase your earnings further by concentrating on busy areas (such as before and after a concert) and driving during the busiest times (such as on a Saturday night). This way, you can make more money for each hour of your time!
Recommended reading: How To Make $1,000 In 24 Hours
Answer online surveys
If you want to make money quickly, you can try taking paid online surveys. Market research companies need your opinions to make their products better, so they pay you for your time.
Some paid survey sites where you can take surveys include:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Here’s what to do:
Sign up: Make a free account on the survey site.
Pick a survey: Choose one that looks interesting to you.
Give honest answers: Share what you really think about the questions you’re asked.
Earn rewards: After you finish, the site will give you points or money.
Earning money from answering surveys is not always fast, and it won’t make you rich. But if you have an hour, it’s a simple way to earn a little extra cash.
For me, I have answered a lot of surveys over the years. I like how I can answer surveys in little breaks I have during the day, such as before and after work, during a lunch break, while being a passenger in a car, and so on. They are easy to answer, and usually only take a few minutes.
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Branded Surveys is one of the most popular survey sites that rewards you in cash and gift cards for sharing your opinion. You can get paid anywhere from $0.50 to $5.00 per survey.
Perform odd jobs found on Craigslist
Craigslist has a jobs section on their site where you can find tasks that people need done right away. These are typically one-time gigs, but there are also part-time and full-time jobs listed here as well.
When you do a job on Craigslist, you usually get paid right after you complete the short task. That means you’ll receive your money on the same day.
To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.
Here are some gigs and tasks I found through a quick search on Craigslist:
House cleaner
Mover
Focus groups
Help with launching a boat
Gardening help
Help with painting a home
Lawn mowing
Participate in focus groups
Are you looking for a quick way to make money? Joining focus groups can be a fun way for you to earn extra cash and many times they take an hour or less.
A focus group is a small group of people who talk about products or services. Companies use your opinions to make their stuff better by learning more about their customers, such as you.
User Interviews is a popular site to find focus groups to take part in.
I have done a user interview in the past and got paid $400 for just one hour of work. It was simple, and everything happened online through a video call to see my opinion on a new feature for a well-known company (one of the largest companies in the world, in fact – so even large companies use these to help them improve!).
You can make $50 to $100 per hour, or even more, by sharing your thoughts and feedback.
Recommended reading: 19 Best Places To Find Paid Research Studies
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User Interviews pays very well for market research studies and these are some of the highest paying online surveys, with each paying $50 to $100 or more. The average pays over $60.
Mystery shopping
If you want to earn money quickly, like in just an hour, you can try becoming a mystery shopper. Mystery shoppers are people just like you and me who get paid to shop and give their opinion.
I’ve done a lot of mystery shopping over the years to make some extra money and to get free stuff. It’s easy work that can be done either on the phone (such as by rating their customer service when they answer the phone) or in person at a store. Most mystery shops take less than an hour too! I’ve done many that even take less than 5 minutes to complete.
The way mystery shopping works is that you’ll typically buy products or try services, pay attention to the details like how clean the store is or if the staff is nice, and then answer questions that the mystery shopping company gives you after you are done.
Donate plasma
If you’re looking for ways to make money in one hour, you can donate plasma and get paid for it.
When you go to donate, the center will check your blood to make sure you’re healthy and that your plasma can be used to help others.
Here’s what you might earn for your plasma donation:
$20 to $50 for each time you donate
Up to $300 a month if you donate regularly
Some centers might pay more money for your first time donating, like a bonus to persuade you to start. The amount you get can change depending on where you live, so make sure to confirm before you commit.
Tutor students online
If you want to learn how to make money in one hour online, then online tutoring jobs can be a good option to look into.
If you’re good at a subject, you can make money fast by tutoring students online. Lots of students need help with their schoolwork and are willing to pay for your knowledge.
As a tutor, you might spend 30 minutes to an hour giving a lesson, answering questions online, or working one-on-one with a student through a video lesson.
Tutors can earn different amounts depending on what they teach (the subject) and the duration of the session (whether it’s a quick question or a full-hour session). For example, tutoring in advanced subjects like calculus usually pays more than simpler ones like first-grade math. Some tutors may earn around $20 per hour, while others can make well over $100 per hour.
Sell scrap metal
Selling scrap metal or precious metals is a quick way to make some money in just one hour.
To get started, you’ll want to find metal items from around your home. This can be old appliances, wires, and even soda cans.
Then, you’ll want to find a scrap yard nearby to take your metals. You’ll want to make sure it’s clean and to keep your metals separated and organized.
Once you get to the scrap yard, you’ll weigh your metal on their scales, and then they’ll give you a price. If it’s your first time, ask how the process works just so that you are not confused by anything.
Prices change often, so what you earn depends on the type and weight of the metal you sell.
Play online games for rewards
Have you ever thought you could make money by playing games on your phone or computer? Yes, you can! Some apps and websites let you earn rewards, like gift cards or even cash, just for playing online games in your spare time.
Apps that pay you for playing games usually make their money through ads, things you buy in the app, and paid gaming competitions. They share a bit of what they earn with you to get you to keep playing their games and spend more time on their platform.
Here’s a quick list of the top game platforms that pay real cash:
KashKick
Swagbucks
InboxDollars
Recommended reading: 23 Best Game Apps To Win Real Money
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Swagbucks is a site where you can earn points for answering surveys, shopping online, watching videos, using coupons, and more. You can use your points for gift cards and cash.
Walk dogs
If you like being around pets and want to make money fast, dog walking is a great choice. Many dog walking gigs are one hour or less per visit, so this can be a great way to make money in an hour.
To start, you just need a love for dogs and a good pair of walking shoes.
You can set your rates, usually between $10 to $20 for a 30-minute walk.
One hour of walking dogs could mean walking one dog for 60 minutes or doing two 30-minute walks for two different dogs.
Rover is a website that connects pet owners with pet sitters and dog walkers. Starting on Rover is simple. You create a profile where you talk about your experience with pets and the services you can offer, such as dog walking, pet sitting, and house sitting. After setting up your profile, you’ll get requests from customers and discuss pricing. Rover handles payment processing, and you’ll receive the payments directly into your account.
I know many people who are dog walkers, and they all really love the job. I have also used dog sitters in the past – it is a wonderful and super helpful service.
Freelance online on your own schedule
As a freelancer, you get to choose your own hours. So, you may decide to work an hour here and an hour there.
Back when I had a full-time job, this is what I loved about being able to freelance online – I could work in my spare time, even if it was just small pockets of time that I had. For example, I would complete short tasks an hour before I went to work, during my hour lunch break, and later once I got home from work.
And, there are many different types of freelance gigs that you can do, such as managing social media as a virtual assistant, data entry, proofreading, graphic design, email management, and more.
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
Sign up for a high yield savings account
A high-yield bank account is a low-risk method to make extra money, and it typically takes less than an hour of your time to set up.
These savings accounts earn more interest than a regular one, so your money grows faster.
You will want to make sure that you pick a trustworthy bank and check the interest rates regularly because they can go up or down. Some people move their money into high-yield savings accounts often so that they can get the highest interest rates.
I personally use Marcus by Goldman Sachs as they have a very high rate. You can get up to 5.50% (at the time of this writing through a referral link bonus). According to this high-yield savings account calculator, if you have $10,000 saved, you could earn $550 with a high-yield savings account in a year. Whereas with normal banks, your earnings would only be $46.
This is an easy way to make passive income!
Frequently Asked Questions
These answers help you find quick ways to make money when you need it fast.
How can I make money ASAP?
If you need cash right away, you can sell things you don’t use anymore, like toys or clothes. Another fast way is to do small jobs for neighbors, like walking their dogs or helping in the garden.
How can I make $100 a day?
To make $100 a day, you could do jobs like cleaning houses, pet sitting, or babysitting. You could also combine a few things like doing surveys online, delivering food, or driving people places.
How to get money in one day without a job?
Without a job, you can still make money by selling stuff online, like clothes, games, or even sports equipment. You can also collect cans or bottles to recycle, or ask friends or family if they need help with anything for some quick cash.
How to make money in one hour as a kid?
As a kid, you can make money fast by setting up a lemonade stand, doing a car wash, or even making and selling crafts to friends and family (such as bracelets or custom T-shirts!). Of course, please check with your parents and stay safe.
How can I make money in one hour at home?
To make money in an hour at home, you can do things like sell items that you already own, such as your old clothing or a cell phone. You could also walk dogs, freelance online, or even tutor.
How to Make Money in One Hour – Summary
I hope you enjoyed this article on how to make money in one hour.
As you can see, there are many things that you can do to make money – whether you’re looking for a full-time job or just want to complete short tasks that take less than an hour.
Hour or shorter gigs helped me a ton to pay off my student loans as quickly as I could. Being able to work in short amounts of time helps me to work on my own schedule and fit more side hustles in.
Why are you looking to make money in an hour? Let me know in the comments below!
Winter is a season that transforms the world into a glistening wonderland, and what better way to embrace the chilly charm than by turning your home into a winter oasis? In this exploration of unique winter home features, we’ll delve into the extraordinary, from the exhilaration of having your own private ice rink to the relaxation of soaking in a hot tub beneath the winter sky.
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Skating Under Your Own Sky: Private Ice Rinks
To transform your backyard, you’ll need to first choose a level area and remove any debris, rocks or uneven elements. Pile up snow around the perimeter of the rink to form a natural border – this will help contain the water as it freezes. Then, using a hose or bucket, flood the cleared area with a thin layer of water. Allow it to freeze before adding more layers and repeat this process until the thickness of the ice is satisfactory. Now you’ve got your very own private ice rink to enjoy!
A Winter Retreat: Outdoor Hot Tubs
While winter may bring a chill to the air, there’s nothing quite like the contrast of soaking in a steaming hot tub amid the frosty surroundings. Ensure privacy by incorporating natural elements like tall plants or screens around your hot tub, and place serene lighting around the area for ambiance. Having an outdoor tub isn’t just beneficial for relaxation, but it also has several health benefits, can be used as a social gathering spot, and potentially enhances your property value!
Fireside Bliss: Indoor Fireplaces with a Twist
Some homeowners are elevating the coziness of winter by incorporating innovative indoor fireplaces. These include a double-sided fireplace, which makes for a great focal point in an open layout, or a sunken fire pit which creates an intimate and cozy vibe. Floating fireplaces are also gaining popularity for those who want an elevated and modern approach to staying warm.
Indoor Sauna: A Home Spa Experience
Counter the cold weather with an indoor sauna, providing a rejuvenating escape and promoting relaxation during the winter season. A traditional Finnish sauna incorporates natural wood, typically cedar or hemlock, while contemporary saunas opt for a sleek and minimalist design using materials like glass, stone, and metal. If you don’t have much space, compact saunas are ideal and can fit into just a small corner of your home.
Heated Floors: Step Into Warmth
Infuse warmth into every step by installing heated flooring, a practical and luxurious feature that adds comfort to chilly winter mornings. While initial costs to install heated floors can be significant, many homeowners find the comfort, energy efficiency, and long-term benefits well worth the investment. Since there are various systems for heated floors, typically electric and hydronic, you’ll need to consult with a professional to ensure compatibility with your home.
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Contact us today to speak to a Realtor in your area
Set against the scenic backdrop of the Rocky Mountains, Denver is the best of both worlds for people looking for a big-city environment close to the great outdoors. In town, there’s amazing dining, arts, culture and sports like Colorado Rockies baseball. Just outside of town, you can go hiking, skiing, climbing and much more. It’s easy to see why it’s one of the best places to live in Colorado.
On top of all this, Denver also has an affordable cost of living that’s only 11 percent higher than the national average. This is down 1.4 percent from last year. Most cost of living categories here are actually below the national average. Combine affordable prices with the abundance of things to do and you have a great quality of life that appeals to everyone from families and young professionals. But there are some costly aspects of living in the Mile High City that you should know before uprooting your life to move out west. Here’s how the cost of living breaks down in Denver.
Denver housing prices
The cost of housing is Denver’s highest cost of living expense, rising 40.5 percent above the national average. Even though housing costs here have been going up over the past decade, the current rate is only 2 percent higher than last year.
From downtown to Five Points, Denver has tons of cool neighborhoods for renters. If you’re looking to rent an apartment here, the average monthly rent for a one-bedroom apartment is $2,077. This is 2 percent lower than last year. If you want to size up to a two-bedroom unit, it will set you back around $2,774 a month.
If you’re interested in buying a house in Denver, expect a competitive market. With city parks, good schools and easy access to the city center, Denver has many family-friendly districts and areas that are perfect for homeowners. The median sale price for a house here is $581,000, which is 8.6 percent higher than last year. This is much higher than the national median sale price for a house, which is $403,556.
Denver is by far Colorado’s most populous city. If you’re looking for affordable housing, it’s definitely one of the more expensive options. In Colorado Springs, Colorado’s second-biggest city, the average one-bedroom rent is $1,280. But there are also plenty of smaller cities in the Rocky Mountains that give Denver a run for its money cost-wise. Renting a one-bedroom apartment in the popular outdoorsy town of Boulder is $2,082 a month.
Denver food prices
From mountain climbing to hiking, Denver calls to people who love adventure. That extends to its food scene as well. The Mile High City boasts a diverse and exciting food scene including craft breweries, Mexican cuisine featuring locally-grown green chiles, Rocky Mountain oysters and much more. So if you’re looking for a dynamic and delicious foodie city, Denver could be right up your alley.
Whether you love dining out or dining in, the good news is that the food costs here are pretty affordable. The price of food is 6.6 percent lower than the national average, which is 0.3 percent less than last year. Going to the grocery store, a dozen eggs costs around $2.01, a half-gallon of milk is $1.97 and a loaf of bread is $3.63.
Some food prices here are slightly higher than elsewhere in the state. In Colorado Springs, that dozen eggs costs slightly less at $1.98. But some items are cheaper here, as you’d be paying $2.71 for a half-gallon of milk in Pueblo.
Denver utility prices
Due to its location in the Colorado high desert close to the Rockies, lots of people expect Denver to have hot, dry summers and frigid, snowy winters. But that’s actually not the case. Summers don’t get unbearably hot, with sunny and dry days. Winters can be cold but don’t get as much snow and bad weather as the nearby mountains.
As such, utility costs here aren’t as bad as could be expected due to this reasonable climate. Dropping 1.1 percent from last year, the cost of utilities here is 17.9 percent below the national average. Denver residents can expect to pay around $121.81 for energy each month.
This is actually on the low side of Colorado energy prices. In Colorado Springs, average monthly energy costs are around $195.42. Living in Pueblo, you’d be paying an average of $175.94 a month in total energy costs.
Denver transportation prices
Of all the good things you’ve heard about Denver, traffic and transportation probably aren’t on that list. Due to the rapidly-expanding population, local infrastructure hasn’t been able to keep up with the growth. This has led to notorious gridlock and bad traffic. In fact, it’s one of the worst cities for traffic in America.
Luckily, Denver also has a robust public transportation system, as well as affordable overall transportation costs. The cost of transportation here is 1.3 percent below the national average, which is 8.2 percent lower than last year.
If you do want to use public transportation here, you can use the Regional Transportation District, or RTD, mass transit system. This agency offers bus, rail and light rail transportation options throughout the city. Fares vary depending on the zone and type of transit. The fare for a single bus trip is $3, with a three-hour travel window. With a $6 day pass, riders have unlimited access to local buses and rail services. Local areas around central Denver are lower, with rates going up for regional travel throughout the metro area. A monthly local pass is $114, while a monthly regional pass is $200.
If you do prefer to drive to get around town, you should be aware of the toll road E-470 which heads out to the airport. However, this route heads along the eastern edge of the city and isn’t one of the main arteries for commuters. Unless you head to the airport a lot, you likely won’t need to use it much. You can also pay $35 for an ExpressToll account to use tolled express lanes around the city to get through the most heavily-trafficked areas.
Focus on the cost of a one-way trip (make sure you mention zone pricing if relevant) as well as weekly or monthly fare prices. Also be sure to take into consideration if trains have different rates than subways vs. buses, etc.
Denver is also a fairly walk- and bike-friendly city. With a walk score of 71 and a bike score of 78, it’s pretty easy to navigate the city center on foot or with your bike.
Denver healthcare prices
Colorado is one of the best states in America for healthcare quality and public health. With many top-ranked hospitals in and around the Denver area, locals have plenty of access to exceptional, top-notch medical care.
Along with the quality of care, affordable healthcare costs are another bonus of living here. Down 1 percent from last year, healthcare costs in Denver are 0.5 percent below the national average. Going to the doctor’s office costs roughly $105, and heading to the dentist will set you back around $116. The cost of prescription drugs is on the high side at $488.95.
Even though most of these healthcare costs are reasonable, it’s important to note that these rates won’t be the same for everyone. Healthcare costs vary depending on personal needs, making it difficult to come up with an accurate average. Some Denver locals may pay much higher for healthcare than others depending on insurance, necessary treatments and other health needs.
Healthcare costs here are pretty middle-of-the-road compared to the rest of Colorado. Going to the doctor’s office in Colorado Springs costs $137.50, but is only $95 in Pueblo.
Denver goods and services prices
Along with monthly expenses like housing, groceries and utilities, goods and services is another cost of living expense to consider. These are items or services to purchase or use on a semi-regular basis, like getting a haircut or going to the movies.
Denver has an active social scene, giving residents lots of opportunities for entertainment out on the town. Fortunately, the overall cost of goods and services is reasonable, being only 5.4 percent higher than the national average. This is 4 percent lower than the previous year.
As an example of what those figures mean, getting your hair cut in Denver costs an average of $24.75. This is cheaper than other cities like Colorado Springs, where it costs $26.43. Some costs here are more expensive, like movie tickets. Going to a movie in Denver costs around $14.23 for tickets compared to $11 in Pueblo.
Taxes in Denver
Living in Denver, the city sales tax is 4.81 percent. But that figure goes up to 8.81 percent when you also add Colorado state sales tax and several small taxes for the scientific and cultural fund and transportation.
If you’re spending $1,000 on ski gear getting ready for winter, you’ll be paying $88.1 extra in sales tax.
Denver and Colorado also levy a minimum marijuana sales tax of 15 percent. So if you enjoy partaking, that’s another tax to consider.
How much do I need to earn to live in Denver?
Now that you’ve seen what things like housing and food cost around Denver, the question remains of how much you have to make to comfortably live here.
A good rule of thumb is to only spend 30 percent of your monthly income on rent. This is because rent is typically your biggest monthly expense. Considering that the average rent in Denver is $2,135, you’d need to make $7,116 a month for that to be 30 percent of your monthly income. That comes out to $85,392 annually.
You can use our rent calculator to figure out what you can afford to pay in rent depending on income, location and other factors.
Living in Denver
Especially given its size and popularity, for the most part, Denver boasts a reasonable cost of living. Housing is the biggest exception, whereas other monthly expenses like food or utilities are on the affordable side. So if you can swing higher rents or mortgages, you may find living in Colorado’s capital city to be within your budget. Plus, you get amazing outdoor access, stunning mountain views and tons of big-city fun from sports and dining.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of November 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Honestly, movie comebacks are usually the best comebacks. That might be because they’ve had a team of writers carefully writing and rewriting them for hours before they’re filmed, but we’re ignoring that small fact for now. Because there’s no greater feeling than following a genuine question or situation with a great movie quote. We all do it without even realizing: those droll lines uttered during heartfelt rom-coms, stirring speeches shouted valiantly in action flicks, and righteous outbursts full of conviction can find their way into our daily banter surprisingly regularly (and it’s so much fun when they do.) Below are some of the movie lines that you can use in real life.
1. “That’s a Bold Strategy, Cotton; Let’s See if It Pays off for ‘Em.”
One user shared, “‘That’s a bold strategy, cotton, let’s see if it pays off for ’em.’ from Dodgeball: A True Underdog Story. The movie revolves around a group of misfits who enter a Las Vegas dodgeball tournament to save their cherished local gym from the onslaught of a corporate health fitness chain.
2. “Face It, Girls. I’m Older, and I Have More Insurance.”
Another user said, “‘Face it, girls, I’m older and have more insurance.’” The line is spoken by Evelyn Couch (played by Kathy Bates) in the movie Fried Green Tomatoes.
One user replied, “TOWANDA!!!!!”
3. “You Keep Using That Word; I Do Not Think It Means What You Think It Means.”
The movie The Princess Bride is packed with quotable moments, but Inigo Montoya has probably been turned into a meme the most often. Here he is with a line we’ve probably all quoted at some time.
“‘You keep using that word; I do not think it means what you think it means.’ And many, many more from The Princess Bride,” one Redditor posted.
Another user replied, “Very nice! So many good quotes from that movie can be pulled out as a funny response.”
4. “Have Fun Storming the Castle!”
Scarcely a single conversation in The Princess Bride goes by without delivering some delightful one-liner, but the whole exchange with Miracle Max is a funny one from start to finish.
Another user stated, “Have fun storming the castle!’—Whenever someone departs for something.”
One commenter quoted back, “‘Think it’ll work?’”
5. “How Do I Get Out of This Chickens- Outfit?”
“After watching Aliens about a thousand times, every time someone asks if there are any questions, it takes all of my willpower not to ask ‘How do I get out of this chickens- outfit?’” one Redditor posted.
Another user shared, “‘Something, something nuke it from orbit…’ Gets used a lot in the shop, in the field, pretty much anywhere but with the customers, I’m not familiar with.”
6 “How Many Combat Drops?”
One user posted, “‘How many COMBAT drops?’ from … Aliens. Every time there’s a new manager/team lead, etc.”
Another user replied, “That’s a good one. I have wanted to use it before, too, but I always manage to bite my tongue!”
7. “That’s Just, Like, Your Opinion, Man.”
Is there any better (or worse) way to diffuse a tense disagreement than by drawling, “That’s just like, your opinion, man”? Depending on the sense of humor of those around you, it could be either hilarious or infuriating, but either way it’s likely to be worth it.
One user shared a line from The Big Lebowski movie and posted, “‘That’s just like, your opinion, man.’”
One user replied, “‘This aggression will not stand.’”
8. “Alrighty Then”
In a movie peppered with strange and ridiculous situations, one of the most valuable takeaways is a quote you can use in precisely those situations. This quote can be sprinkled like salt in any type of awkward situation, or when conversation is awkwardly grinding to a halt. Alrighty then!
“I don’t know about all the time, but I have been known to drop an ‘Alrighty then.’ when someone spouts something that is both TMI and rather absurd,” posted one user.
9 “Let’s Make Like a Tree and Get the F- Out of Here.”
Some movies are just a trip from start to finish, and The Boondock Saints is one of those. It’s good for a gory watch about vigilante justice from time to time, and also the occasional quote.
One user stated from the Boondock Saints movie, “I like to say ‘ … make like a tree and get the f- out of here.’ I don’t remember what movie/show I heard it on, but I know I didn’t make it up.”
10. “You’re Killing Me, Smalls.”
One Redditor quoted the movie The Sandlot and commented, “You’re killing me, Smalls.”
The Sandlot is a story of a group of young baseball players during the summer of 1962. Like any movie with hope, grit and determination, there’s also plenty of situations rife with disappointment. The result is quotes that you can use in any sort of situation involving failure to lighten the mood by tossing out a movie quote.
Another user shared, “YESSS BRRROOOO. YESSSSS THIS IS MEE!!!”
11. “Life Is Like a Box of Chocolates; You Never Know What You’re Gonna Get.”
In Forest Gump, Forest is a very straight-forward character. In a lot of complicated and nuanced situations, he still calls things as he sees them, and it leads to a lot of situational comedy. As a result, the movie is peppered with great quotes that apply (or misapply) to dozens of situations.
“I often use the quote ‘Life is like a box of chocolates; you never know what you’re gonna get,’ from Forrest Gump,” one user added to the thread.
One user added, “‘Stupid is as stupid does!’”
12. “Winter Is Coming…”
Lots of great movie quote references are rather depending on the circumstances lining up, but the perfect time for this one comes around seasonally. Honestly, that’s rather convenient.
One user shared the most favorite and famous quotes from The Game of Thrones and posted, “‘Winter is coming … ‘ I say this a lot around October.”
Another user replied, “‘You know nothing, John Snow.’”
The OP jokingly replied, “Perfect, lol.”
13. “Groovy.”
Turns out this one pops up in multiple movies; which honestly could play to your favor. Besides, it’s universal enough regardless of which movie you were intending to quote, your chances of having the quote recognized are just about doubled.
One commenter stated, “‘Groovy.’ (The Evil Dead Trilogy).”
The OP responded, “Oh hahaha, I thought that was from Austin Powers. …”
14. “Hasta la Vista, Baby.”
Turns out The Terminator is good for more than just a favorite movie night in; you can take sprinkle those convenient little quotes throughout your conversation.
Another user stated, “Hasta la vista, baby.”
One added, “Love it.”
15. “May the Force Be With You.”
Need a way to say goodbye and good luck all together? We’ve got you—try this quote from Star Wars. Better yet, it’s versatile. You can use it sincerely (and a little humorously) to wish somebody good luck, or you can use it with some snark if you don’t really approve of what they’re about to attempt.
“‘May the Force be with you.” – Star Wars. I use this quote when wishing someone good luck.” shared one Star Wars fan.
Another user replied, “That’s nice of you; I’m sure they love that!”
What do you think of the statements above? Share your thoughts down in the comments!
Source: Reddit.
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Have you ever watched a movie or show and been completely lost in it because of how well an actor or actress became their character? Check out this article for a whole list of actors who were perfectly cast!
11 Vampire Movies That Will Make You Thirst for More
You know that feeling where you’re on a movie kick in a certain genre, but you seem to run out of good movies to watch? Well, if you’re down for a vampire movie or three, check out this article for the best ones out there!
10 Incredible Movies That People Rated 10 Out of 10
It’s pretty hard to replicate the experience of watching your favorite movie for the first time, but we’ve put together a list of movies that people have rated at a perfect 10/10. Next time you need a good movie to watch, check this out!
10 Famous People Who Canceled Themselves With Their Own Stupidity
We’ve all been there: you make a comment you haven’t thought through at all, and the whole room goes silent at what you’ve just said. But can you imagine doing that as a famous person—and getting canceled? Check out this list of celebrities who did just that!
13 Things You Shouldn’t Do When You’re in the US
Are you planning a trip to the US? Culture varies a lot between countries, even countries that share borders. So if you’re headed to the good old U. S. of A, here are a few pointers to make your travels go more smoothly!
In this episode of NerdWallet’s Smart Money Podcast, hosts Sean Pyles and Sara Rathner share the best money moves of 2023 as submitted by their fellow colleagues. Some of the highlights include saving aggressively to prepare for future expenses, getting rid of private mortgage insurance, automating finances for budgeting and planning, setting up 529 college savings plans for children, shopping around for the best mortgage rates, and understanding the difference between an emergency fund and a rainy day fund.
Check out this episode on your favorite podcast platform, including:
Episode transcript
This transcript was generated from podcast audio by an AI tool.
Sean Pyles:
If you’re a loyal fan of the show, it’s possible you stay until the very end of each episode and if you do, you always hear us say, “Until next time, turn to the Nerds.” Well, today, dear listener, we are turning the show over to the Nerds. We present the best money moves of 2023 by our fellow Nerds.
Amy Knight:
This year I learned how to explain the effect of compounding using a lovely seasonal analogy, snow. You think of your money like snow. When you spend it, it melts and runs away, but when you save it, any new snowfall sticks to the snow that’s already there.
Sean Pyles:
Welcome to NerdWallet’s Smart Money Podcast. I’m Sean Pyles.
Sara Rathner:
I’m Sara Rathner.
Sean Pyles:
This episode finishes off our Nerdy deep dive into the end of 2023. This is it, Sara, the finale of our last series of the year.
Sara Rathner:
The piece de resistance.
Sean Pyles:
Yes. We sent a notice out calling all Nerds, asking for the best things our colleagues did with their money in 2023, and I mean all Nerds, IT, HR, everybody, even the corner office, and today we’re going to share their money wins.
Sara Rathner:
I love this. Before we start, you and I are Nerds, too, right, Sean? Should we start with our money wins for 2023?
Sean Pyles:
I think we should. Sara, give us yours.
Sara Rathner:
Yeah. This sounds like a weird money win, but I have said, on the show before, one of the pieces of advice that I got when I was younger was to save as aggressively as you can for as long as you can because your life will get more complicated as you get older. Well, I have reached the point where my life is complicated and expensive, and I will say that because I had spent those years putting money away as best I could, I had money on hand to do the things that I needed to do this year.
There were some unexpected repairs to our house that we had to do. We ended up replacing our car because we had a baby, and that was probably one of the most expensive things I did in 2023 was pay all those hospital bills, and now I’m paying daycare bills, so this kid will cost me money until he’s 35 and then maybe he’ll be independent by then. We’ll know.
Sean Pyles:
They say you reap what you sow. You had been sowing savings for years and years, and now you are seeing the benefits of that, which is great.
Sara Rathner:
Yeah. What it has allowed us to do, and by us, I mean I say my husband and I, is say yes to the things we need and know that we have the money on hand. That’s really nice when something in your house breaks or there’s something that you want to do like travel or a night out with friends that’s going to cost a lot of money. We can say yes to the things that mean something to us because we spent so long just pocketing and putting money away, living as well below our means as we could. Now, I think we’re living at our means, which is nice.
Sean, what about you? What is your money win for 2023?
Sean Pyles:
Well, it’s a little Nerdy and a little in the weeds maybe, but I got rid of my private mortgage insurance on my house after going into war with the bank that owns my mortgage. It was not a fun process, but I came out the victor, and I’m so proud of myself for that because the bank that owns my mortgage is not very nice. That’s my money win for 2023.
Sara Rathner:
I’m surprised you had to go to war. Isn’t it just like, once you hit 20% equity, you have to refinance, or how does that work?
Sean Pyles:
Oh, yes, they barraged me with a mountain of paperwork and time delays and bureaucratic processes that I actually detailed in a Money Hot Takes episode of Smart Money. I think that you were out on maternity leave, Sara.
Sara Rathner:
Sean Pyles:
Will do. Okay. Great. Well, before we get into the Nerd’s best money moves of 2023, a reminder, dear listener, that we always love hearing from you. Leave us a voicemail or text the Nerd hotline at 901-730-6373, that’s 901-730 N-E-R-D, or email a voice memo to [email protected].
All right. Sara, are you ready to hear from our Nerdy colleagues about their best money moves of 2023?
Sara Rathner:
I am. Let’s see what they all learned this year and maybe we could take some of that advice and apply to our own finances.
Sean Pyles:
Yeah. I mean, that’s the idea, so let’s start with the boss. Tim Chen is the founder and CEO of NerdWallet, and he did an energy efficient move this year.
I switched from a Mercedes SUV to a Toyota Sienna. I’m getting twice the gas mileage. I’m using the cheap gas, and I’m paying about a 10th as much every time I service the car.
Sara Rathner:
Well, Sean, it is so true that you really save money on servicing when you don’t have a luxury car. Just getting a new battery or oil filter can be less expensive.
Sean Pyles:
Sara Rathner:
Yeah, new to me, and it’s a hybrid, so the mileage is pretty sweet.
Sean Pyles:
Nice. All right. Well, let’s hear from another Nerd. Skylar Damiano is an IT administrator here at NerdWallet.
Skylar Damiano:
My partner and I are accelerating our marriage to the end of this year because it’ll save us a ton of money in the long run via tax benefits. These are things that we just never thought about when we were single or, even in our case as queer people who never really thought about marriage beyond our domestic partnership, but I’ve also learned that I will never stop learning about the financial world around me. I can’t possibly know everything related to financial wellbeing, but the more I research and the more I practice good habits, the more likely I am to carry those good habits into the future.
One that stuck with me from last year is not spending beyond my means. I now wait until I have funds available before I make a purchase like a new smartphone or a new toy or a hobby that I want to get into. In this case, I want to become a DJ in the next year. I’m not spending any money on that equipment though until I for sure have enough to save on it, because if I have the option to not rely on credit, but instead use my credit card to my advantage via cashback, it’s far more rewarding for me down the line.
Sean Pyles:
Sara, waiting until you have enough money to actually purchase something you want is a timeless piece of financial advice, one of the most basic and most important.
Also, Skylar, I would love to hear a DJ set when you are up and running with your equipment.
Sara Rathner:
This is near and dear to my heart, but utilizing a credit card for points or cashback instead of carrying a balance, that is chef’s kiss. And Skylar wasn’t the only Nerd highlighting this idea. Here’s Tom Lehmann, an account executive for NerdWallet.
Tom Lehmann:
The best piece of financial advice I would have to say is live well below your means. What a lot of people do is, over the course of their career, they tend to make more money, and when that happens, they tend to buy more stuff. They buy a cooler car, bigger house, more clothes, everything. I call that the lifestyle tax. If you really want to take control of your finances, what you have to do is you have to increase the gap between how much you make and what your expenses are.
I think making more money will naturally happen to a lot of people as they progress in their career, so I think the real key is figuring out where you could cut costs and be minimalistic about everything in your life. Just getting rid of stuff and getting out of the habit of buying stupid stuff every time. Every time you buy one thing, you’ve got to get rid of two in your house. That’s a great way to start.
Sara Rathner:
Sean, I think a lot of us often take the opportunity at the end of the year or the start of a new one to get rid of stupid stuff. The harder part is Tom’s advice to get out of the habit of buying stupid stuff in the first place.
Sean Pyles:
Yeah, preaching to the choir, Sara, because I’m sure that I have some stupid stuff on the way to my front door as we speak. All right. Well, let’s hear now from Sally French. She’s a travel writer here, and she’s been on the show before. Here is her takeaway from 2023.
Sally French:
My biggest money lesson is to always ask if your travels go wrong. I was caught up in the United meltdown as well as I had a canceled Southwest flight, and even though I was able to get another flight, I was still delayed. While I wasn’t entitled to any compensation officially, I still asked the airline customer service and I asked nicely, and in both instances, I got either a flight credit or miles from the airline. Even if your travels are disrupted, even if you’re not entitled to compensation, it doesn’t hurt to ask, because like I did, I was able to get some money back.
Sara Rathner:
Love it. Always ask. What do you have to lose? All they can say is no and you’re on your way, or not and you’re stuck at the airport indefinitely, but you could still ask.
Sean Pyles:
Yeah. You’re hopefully on your way unless your flight is canceled twice, but yes, it’s always worth asking. Next up, we have Kevin Berry. He leads multimedia content here at NerdWallet and happens to be my direct boss. You’ve heard his name in the credits of this show as a fact-checker and editor.
Kevin Berry:
I think my big money takeaway from 2023 is that automation of your money can be really, really valuable and super helpful when it comes to budgeting and planning. I spend, whatever, an hour every January looking at everything and the money coming into my checking account, and I had set up all these automated like, “Send this money here. Send this money to an investment account. Send this money to a savings account,” and just set it and forgot about it and let it do its thing this year, and then that has really come back to help me.
For example, the property tax bill showed up, and I was like, “Whoa, it went up, it’s thousands and thousands of dollars,” but then I went to my account that I’d set up for automated savings for property taxes because I knew this bill was coming, right? Kevin in January knew Kevin in November had to pay this bill, and lo and behold, the math held up and there was the right amount of money there, and that just took a lot of stress out of it. Yeah, I think my money lesson is invest in automation for things that you know you’re going to need to pay for or want to pay for, even like a vacation. That’s just been a real stress reliever and time saver on my end in 2023.
Sara Rathner:
Oh, man, Sean, automation can absolutely save your sanity. I have quite a few automated contributions in my own finances. A big one, two big ones, is I automate contributions for my largest expenses, which are my mortgage and daycare, and that comes out of my checking account into a joint savings account. My husband also contributes, and then the money is whisked away by an automatic clearing house once a month or once every other week, depending on the bill.
Sean Pyles:
Lovely. You just need to make sure that the money is actually automatically going into that checking account so it can then be paid elsewhere.
Sara Rathner:
Then there’s automation, obviously, into my retirement account, my 401(k) that I set up at work. If you work for a place where you have to opt into the 401(k) when you first start your job, do it. Because the longer you wait to get that started, the less money you’re able to save up, and you might even be missing out on employer match. If you’re starting a new job or if you have been in your job for a while, but you just haven’t bothered to set up your retirement accounts yet through your employer, maybe make this the year you do that.
Sean Pyles:
Absolutely. Well, I think I’m going to take a page out of Kevin’s book and set up automated deposits into an account for my car’s annual registration, because every year, June Sean curses every-other-month-of-the-year Sean for not saving up for that in advance. Okay. Our next piece of advice is from Hannah Cho. She’s our Nerdy vice president of content.
Hanah Cho:
This year, I’m really proud of finally sending up 529 college saving plans for my two kids. I have three kids, and I have one set up for my oldest, and I finally got around to setting up two for my youngest. I’m really trying to lean into taking advantage of time. They’re still very young where I still have probably 10 to 12 years before they head off to college.
Sean Pyles:
Yes. All of those years of investing and compounding will work wonders. Sara, I know you just had your baby like five minutes ago, but have you set up a 529?
Sara Rathner:
I have, so by the time my kid is 18, he’ll either be well on his way to college or he’ll be fighting in the climate war of 2041.
Sean Pyles:
That’s grim, but probably not inaccurate.
Sara Rathner:
It’s grim, but I want to set him up for a realistic life.
Sean Pyles:
Right. He’ll be able to buy plenty of munitions on the battlefield.
Sara Rathner:
Sean Pyles:
Well, Sara, you weren’t the only Nerd to procreate this year. Adam Smith did as well, and he’s all over the 529 planning.
Adam Smith:
In 2023, my wife and I actually had twin boys, and the first thing that came up once I heard that was knowing that I’ve got to pay for potentially two college educations at the same time, so another thing that crossed my mind was what if one of them goes to college and the other one doesn’t, or what if neither of them go to college? What’s the best way to approach this? We actually found that there’s a change to the 529 plan, which is how a lot of people save for their child’s college education, and so should your child or if one of our twins or both of them decide not to go to college in the future, you can actually roll the 529 plan into a Roth IRA, and the beneficiary of the 529 plan now becomes the owner of that Roth IRA. Traditional Roth IRA rules apply when transferring ownership, but, that being said, it’s a great savings vehicle for college planning or setting up a nice little nest egg for my twins in the future.
Sean Pyles:
You know what, Sara? I love that Adam knows that there are options for his kids, college or no college.
Sara Rathner:
Yes, and this is a huge way to get your kids started on their financial lives regardless of what they do after high school.
Sean Pyles:
All right. Up next is Alison McCoy, VP of brand marketing at NerdWallet.
Alison McCoy:
My husband and I, we’ve officially begun our home-buying process, and one of the best things we did this year was shop around for the best mortgage. I was pretty surprised at the options out there even in this high interest rate environment and feel really confident that we found the right option for us, that makes sure we’re not leaving any money on the table.
Sara Rathner:
Yes, always shop around for just about anything, but especially mortgage rates especially now.
Sean Pyles:
As Alison knows, we have a lot of mortgage and home buying information all over NerdWallet. We have a whole team devoted to that subject matter, and Abby Badach Doyle is a member of that team. Here’s her best money move of 2023.
Abby Badach Doyle:
This year, I learned the difference between an emergency fund and a rainy day fund. People use those terms interchangeably. I know I sure did, so I never really thought about it, but they’re actually two pretty different things. An emergency fund is for big major surprise expenses like major unexpected car repairs, new carburetor, and a rainy day fund is to help you pay for those things that aren’t necessarily emergencies, but are still outside of the scope of your typical monthly budget, like “Wow, the car is dirty after this camping trip. Can we please pay someone to do a deep clean and a full detail?”
Anyway, in our savings account, we’ve always used named sub-accounts for goals like holiday shopping and travel, but then we had this amorphous blob of money that I always felt so weird and guilty tapping into. Even though we’re disciplined savers and there was always enough there, it always just felt weird. This year, I split the blob into separate rainy day and emergency fund accounts, and that took away all of the stress and weirdness. Mentally, it was so helpful to not feel bad about spending money that I knew that we needed to spend on stuff that we knew was coming and to know that we’re still on track with our emergency savings for the bigger, unexpected stuff.
If you haven’t tried naming sub-accounts yet, I highly recommend it, and review the names often to make sure that they’re still working for you. If you need to set a savings goal for your emergency fund, try using an online calculator. NerdWallet, of course, has a great one. And then name that and separate it from your rainy day fund and from the rest of your other savings goals. That might be a small thing, but it was super helpful to me this year, and I hope that it helps you, too.
Sean Pyles:
Sara Rathner:
Sean Pyles:
Sara Rathner:
Sean Pyles:
I feel like we should do a chest bump or a high five after that. Anyway, Sara, do you have an amorphous blob of money that you feel weird and guilty tapping into?
Sara Rathner:
Always with the guilt, but the blob of money is divided into several smaller sub-blobs in the form of a few accounts with different purposes, and that helps me stay organized when it comes to deciding which accounts to use when I need to fund something.
Sean Pyles:
Love it. I mean, it’s no secret to devoted Smart Money listeners that I have many sub-blob accounts that I use on a daily basis. Also, nice call out to our NerdWallet calculators. Okay. On to our final Nerdy piece of advice.
Sara Rathner:
Already? That was fast.
Sean Pyles:
I know. Well, the good news is, Sara, that we’re always here, all of us, all of us Nerds, and we are here for you and our listeners. Our final guest is Amy Knight. She is a spokesperson for NerdWallet UK, and she has a money lesson to share about compound interest and the beauty of snowfall.
Amy Knight:
I have a money lesson to share about compound interest. This year, I learned how to explain the effect of compounding using a lovely seasonal analogy, snow. I think this is a great way to think about saving, and it can be helpful when you’re trying to start taking a longer-term view of your finances.
The lesson is this. You think of your money like snow. When you spend it, it melts and runs away, but when you save it, any new snowfall sticks to the snow that’s already there. New snowfall is your wages, maybe a bonus or holiday gift, an inheritance, maybe you sold an asset. Importantly, snow falls as interest. If you’re not actively saving, new snowfall is not going to stick. It’s going to melt and run straight out of your account.
We see in real life that fresh snow sticks a lot more when there’s already snow on the ground. I’m going to give a shoutout here to my friend Kim in Wisconsin who will soon be shoveling her driveway every day. You start with a thin layer, and as more snow falls, it builds up, and this is very like compounding. Gradually, your snow pile of savings compounds, and the bigger it gets, the more interest sticks to your money. As you watch it grow, you may be less tempted to melt the whole lot on an impulse purchase.
I’d love to know what you think of this analogy, Sean? This winter, if you are able to leave just a little savings in your account after the holidays, think of it like leaving a thin layer of snow on the ground ready for 2024’s snowfall to stick to. Don’t forget the Nerds can help you understand more about saving and investing. To discover how different financial products could work for you, just head to the personal finance section on NerdWallet.com.
Sara Rathner:
Well, that was lovely and spoken like a true spokesperson.
Sean Pyles:
Gotta love the plug. She does that for a living. I also really like this idea of snow as a metaphor for saving and compounding. Not only is it accurate, it’s also very soothing.
Sara Rathner:
Well, I’m closing my eyes here in Virginia, waiting for maybe a snowfall this year that, within minutes, will turn all black and sooty, if we even get snow at all because last year we didn’t.
Sean Pyles:
I’m hoping we get at least a little bit here in the Pacific Northwest. And also, shoutout to Kim in Wisconsin.
All right, and that’s a wrap on our year-end special series for 2023, but never fear, we’ll be back next year. In the meantime, if you have a money question of your own, turn to the Nerds and call or text us your questions at 901-730-6373. That’s 901-730 N-E-R-D. You can also email us at [email protected]. Visit nerdwallet.com/podcast for more info on this episode, and remember to follow, rate and review us wherever you’re getting this podcast.
Sara Rathner:
This episode was produced by Tess Vigeland. Sean helps with editing. Kaely Monahan mixed our audio, and a big thank you to NerdWallet editors for all of their help.
Sean Pyles:
Here’s our brief disclaimer. We are not financial or investment advisors. This Nerdy info is provided for general educational and entertainment purposes and may not apply to your specific circumstances.
Sara Rathner:
With that said, until next time, turn to the Nerds, and Happy New Year.
Starring Eddie Murphy, Tracee Ellis Ross, Jillian Bell, Nick Offerman, and many more recognizable faces along the way, Candy Cane Lane tells the story of the Carver family, as they compete in a yearly holiday house decorating contest to win one hundred thousand dollars.
After losing his job just a few days before Christmas, Chris (Murphy) puts job hunting on the back burner in service of creating a festive masterpiece on his front lawn.
And yes, in case you’re wondering, we felt those Deck The Halls vibes too!
Enlisting the help of his youngest child Holly (sibling of Joy and Nick… get it?), he stumbles across Kringles, a magical Christmas shop where Pepper the elf sells him a ‘Twelve Days of Christmas’, Christmas tree.
When it and the ornaments from each of the twelve days unexpectedly come to life and flee the tree on the night of the competition, Chris and his family must find the five golden rings in time or Pepper, who it turns out was exiled from Santa’s workshop, will turn him into a singing ceramic Christmas ornament.
Is it a classic Christmas tale? Not exactly. Is it a little offbeat? Sure.
But did we have fun with the movie and love seeing all of the houses alight and twinkling ahead of the big day? You bet we did!
Now, we know you’re wondering if Candy Cane Lane is a real place, whether you can visit, and if they actually shut down a whole street to film the movie there.
Well, you can have yourself a merry little Christmas because we’ve done the research for you and can answer all of these questions and more – happy holidays!
Is Candy Cane Lane a real place?
Yes, Candy Cane Lane is a very real place located on East Acacia Avenue in El Segundo, California. Every year since 1949, with an understandable one-year hiatus in 2020, the street comes alive in a spectacle of Christmas lights and festive displays made by the residents.
With nightly shows from December 9th – 23rd, and visits every other evening from Santa himself, it’s a sight to behold and definitely one for the bucket list!
Unlike in the movie, there is no competition between neighbors.
Instead, the displays serve to bring the residents and the community together in celebration of the season.
Did they film Candy Cane Lane on the actual Candy Cane Lane?
Whilst it might look just like the real thing, scenes outside the Carver house were actually all shot on a stage.
Where? None other than Colonial Street at Universal Studios Hollywood.
Setting the backdrop for many of our favorite films and television series over the years, if you’re thinking it looks familiar it probably does!
Other productions filmed on Universal Studio’s Colonial Street
Arguably the most recognizable show shot here was Desperate Housewives.
Since the street was as much a character as the residents themselves, we wouldn’t be surprised if some eagle-eyes fans spotted Wisteria Lane the moment they pressed play on Candy Cane Lane.
Other productions include, Buffy The Vampire Slayer, Malcolm In The Middle, Leave it to Beaver, Why Him, and Sabrina The Teenage Witch – and that really is just naming a few!
More filming locations from Candy Cane Lane
With no snow to build snowmen or go sledding in, children at the start of the movie can be seen sand surfing and building sandmen instead.
According to Atlas Of Wonders, these scenes were filmed in California on Playa Del Rey Beach. Meanwhile, exteriors from the high school were shot in El Segundo itself.
Other movies that feature Candy Cane Lane
Since we’re guessing you love holiday movies (and movie houses!) just as much as we do, you’ve probably come across Candy Cane Lane in TV shows and films before this one.
Most recently, we saw Candy Cane Lane in the holiday movie The Happiest Season, starring Kristen Stewart and Mackenzie Davis.
However, this Candy Cane Lane was based on a different, yet equally amazing display in Duboistown, Pennsylvania, and scenes were filmed on Cleveland Avenue in Avalon.
Read all about that and the other dreamy filming locations and houses we tracked down from the movie right here:
Meanwhile, New Girl fans will remember an episode called The 23rd in season one, where the gang drives to Candy Cane Lane at 4 am and proceeds to scream and shout for the residents to turn on their lights.
According to the New Girl podcast, Welcome To Our Show on which the show’s stars, Zooey Deschanel, Hannah Simone, and Lamorne Morris re-watch and give behind-the-scenes info about each episode, this Candy Cane Lane was shot on the Disney ranch.
Why? Like most holiday movies and shows, the episode was not actually shot at Christmas.
The takeaway? Even if you can’t take a trip to Candy Cane Lane this year, there are plenty of festive movies and TV shows that can transport you there from the comfort of your very own home – Merry Christmas everyone!
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