The Federal Reserve’s interest rate decisions influence the rates you pay for variable-rate home equity lines of credit (HELOCs) and new home equity loans.
Fed officials announced on June 12 that they would hold interest rates at a 23-year high as policymakers wait for signs that inflation’s rise is slowing, moving closer to their desired 2 percent rate.
“We know that reducing policy restraint too soon or too much could result in a reversal of the progress we’ve seen on inflation,” says Jerome Powell, chairman of the Federal Reserve. “At the same time, reducing policy restraint too late or too little could unduly weaken economic activity and employment.”
This is the seventh straight meeting the Federal Open Market Committee (FOMC) kept its key benchmark federal funds rate in the 5.25 to 5.5 percent target range. Previously, the central bank had indicated plans to slash rates three times in 2024. Now, however, “the Fed is not in a hurry to start cutting interest rates as the progress toward 2 percent inflation has encountered some turbulence,” says Greg McBride, CFA, Bankrate’s chief financial analyst.
So what does that mean for home equity products? Let’s break down how the Fed’s monetary policy affects HELOCs and new home equity loans.
How does a Fed rate affect HELOCs?
When the Fed changes the federal funds rate, the interest rate banks charge each other for overnight loans to meet reserve requirements, it affects other benchmarks — such as the prime rate, the interest lenders charge their largest, most favored clients. The prime usually runs 3 percentage points higher than the fed funds rate. When the fed fund rate moves, the prime rate moves up or down in tandem. Many lenders directly tie the rates on HELOCs and home equity loans to the prime rate — often adding extra percentage points onto them — for the ultimate rate you, the borrower, pay.
Maintaining the status quo at this last Fed meeting suggests HELOCs should remain roughly the same, short-term. But they’ve had a bumpy ride: In November 2023, the average HELOC interest rate eclipsed 10 percent — the highest HELOC rate in over 20 years, according to Bankrate’s national survey of lenders. They dipped back down into the single digits with the new year, though. And, along with home equity loans, they’re forecast to retreat further in 2024.
Don’t expect any dramatic changes, though. “Interest rates took the elevator going up but are going to take the stairs coming down,” says Greg McBride, CFA, Bankrate’s chief financial analyst. “Many home equity lines that now carry double-digit interest rates are going to remain high and interest rates won’t fall fast enough to provide meaningful relief.”
What home equity borrowers should know about the Fed
Because HELOCs usually have variable interest rates, the cost of borrowing can rise or fall with the federal funds rate. If the fed funds rate goes up, your HELOC gets more expensive.
Home equity loans, on the other hand, come with fixed rates, so they aren’t as deeply impacted by fed funds rate movement. Once you close the equity loan, your rate won’t change. But of course the rate you get on a new loan reflects the fed funds rate activity and its impact on the prime rate.
If you want stability in your budget, know that with a HELOC, there’s no real way to predict whether rates will rise, fall or stay the same. Not only does your interest rate affect monthly costs; it can also greatly impact how much you pay for the line of credit overall.
Before you open a HELOC, understand the maximum interest rate, when the draw period ends and whether you’re responsible for interest payments only (or not) during this period.
If you already have a HELOC but don’t have a balance (in other words, haven’t drawn from it), rising rates won’t affect your wallet all that much. If you do owe, you’ll have a larger monthly payment to cover, usually within the next two billing cycles. This applies whether you’re in the draw or repayment phase.
If rates do rise, you might want to explore whether you can lock in a fixed rate on a portion of your HELOC balance. This isn’t an option with every lender, and there might be some limitations if it is.
Overall, though, “having a debt repayment plan is the best way to reduce the impact of high HELOC rates,” McBride advises.
Home equity loan or HELOC: Which is better?
There’s no single answer. Depending on the Fed’s policy, where interest rates are heading and the nature of your financial need, one may be more ideal than the other.
HELOCs benefit most from rate decreases. With the Fed looking to lower rates later in 2024, a HELOC may be more beneficial than a home equity loan because the rate could go down. Also, with a HELOC, you can draw funds as you need them, and you only have to pay interest on the funds you actually take out. So, if you don’t need the full sum on your line of credit upfront, you can take what you need now and wait until rates drop to withdraw more.
On the other hand, home equity loans on average have lower interest rates than HELOCs. As of June 12, interest rates on HELOCs average 9.18 percent, while 15-year home equity loans average 8.75 percent, according to Bankrate’s national survey of lenders.
If the Fed doesn’t move its fed funds rate significantly this year, fixed-rate home equity loans could maintain a lower rate than HELOCs. If you need a set large amount, a home equity loan will get you the funds with a predictable monthly payment. Plus, if rates fall by a large amount, you could always consider refinancing your HE loan, though you will likely need to pay closing costs.
“If you’re undertaking a home improvement project where costs will be incurred in stages, that is best suited to a home equity line of credit,” says McBride. “If you’re doing a debt consolidation where all the funds are disbursed at once, a fixed rate home equity loan may be the better choice.”
Is now a good time to get a home equity loan or HELOC?
With the Fed’s current stance on taming inflation, rates could remain elevated until inflation falls within the Fed’s 2- percent benchmark.
“The decision about whether to take a home equity line of credit or a home equity loan depends more on the borrower’s need for the funds and purpose for borrowing than it does on the interest rate, especially now that interest rates have peaked and are poised to start pulling back,” says McBride. So, if you have a pressing need for funds, now may be the time to take action. If you wait, interest rates could fall, but when and by how much remains to be seen.
Bottom line on the Fed’s effect on HELOCs and HE loans
The Federal Reserve’s interest rate decisions affect borrowing costs for many types of financial products, including home equity loans and lines of credit (HELOCs). When the Fed lowers its key rate, it causes the rates that lenders ultimately set for HELOCs and new home equity loans also to drop, and vice versa.
At its meeting on June 12, the Fed decided to maintain its key rate for the seventh meeting in a row. But interest cuts could still be in the cards if inflation lessens enough. If you plan on taking out a home equity loan — or already have a HELOC — keep an eye on how their rates react following a Fed announcement.
Have you always dreamed of owning your own home? It’s not an uncommon goal. But one of the greatest challenges is saving up enough for a down payment.
Does this mean you’ll have to wait several years to buy a home? Not quite. Read on to discover the best ways to save up for a down payment.
How to Save for Down Payment on a House
Before you begin saving for a down payment on a house, you need to know how much house you can afford. There are several things you will need to plan for. Your monthly mortgage payment will include the following:
Mortgage principal and interest
Real estate taxes
Private mortgage insurance (PMI)
Homeowners insurance
Homeowners’ Association (HOA) fees, if any.
You will also have closing costs and possibly moving expenses.
Furthermore, remember that for a conventional mortgage, you’ll typically need to save up to 20% of a home’s purchase price for a down payment. That means you’ll likely need to come up with tens of thousands of dollars.
1. Make a Plan
Making a plan can be helpful in saving money, even if you are unsure of where the funds will come from. It allows you to set a timeline for reaching your savings goals and helps to keep you motivated. Additionally, having a plan can help you track your progress and make measurable progress towards your financial goals.
To illustrate, if you need to save $6,000 in 12 months for a down payment, you must find a way to come up with $500 each month.
Some may be able to do this by cutting a few expenses. Others may have to get creative and find other ways to earn money. Either way, breaking it down into small chunks makes meeting the goal a lot more workable.
So, start by figuring out how much you need, come up with a plan, and execute. And remember that discipline is a must. If you have the right mindset and commit to the plan, you’ll be closing on your new home in no time.
Check Out Our Top Picks for 2024:
Best Mortgage Lenders
2. Prepare for the Unexpected
Life happens, and sometimes those unexpected occurrences can wreak havoc on your finances. This makes it near impossible to achieve your savings goals. But you can cut the chances of this happening by creating a safety net before you start saving for a down payment. That way, your dreams of buying a home won’t crash and burn if a financial emergency comes up.
3. Pay Yourself First
Have you ever tried saving money at the end of the month only to have your plans go up in smoke? It usually goes a little something like this: you make a budget for the month and vow to follow it line by line. And whatever is remains at the end of the month gets deposited into your savings, CD, or money market account.
Sounds good, but that’s not typically how it goes. A more realistic chain of events: you create a budget and all is well until life happens. By the end of the month, your wallet is empty and you’re awaiting the next paycheck.
We’re talking about saving up thousands of dollars for a down payment fund. For this reason, you want to save money at the beginning of the month or pay yourself first. This ensures a busted budget doesn’t get in the way of saving up for a down-payment on a home.
4. Start a Side Hustle
Starting a side hustle can be a great way to earn extra money and save for a down payment on a house. If you have a particular skill or talent, you may be able to offer your services as a freelancer or independent contractor. This could include writing, design, photography, or any other service that you have experience in and can offer to others.
You might also consider starting a small business on the side, such as selling handmade crafts or offering a service like pet sitting or tutoring. This allows you to diversify your income streams and potentially increase your overall earning potential.
5. Make It Fun
Did you discover a brand-new savings challenge at the beginning of the year? You don’t have to wait until the new year to partake in the fun. Put a savings challenge in place now to help accomplish your goal. A few ideas:
Gather a group of friends to join in as you embark on the challenge. You can come up with some sort of small incentive to award the person who reaches their target goal the fastest. Even if you don’t win, having that sort of accountability will help reach your goals faster.
Keep the change. You won’t get very far saving coins from transactions. But committing to saving every $1 or $5 bill could be effective. (This approach is most effective when you only use cash for everyday transactions).
Commit to no-spend days. Pick one day of the week to not spend a single dollar (unless it’s an emergency).
Rotating spending category months.
Use financial windfalls wisely. If you receive an unexpected financial gift or a lump sum of cash, put it in your down payment savings account.
Participate in a 52-week challenge with weekly increases. You don’t have to wait until the first of the year to get started. Start on your next payday and stretch it out for an entire year.
6. Look at Your Budget
When was the last time you took a close look at your budget? If it’s been a while, you may be wasting money on items or services that are no longer needed or beneficial to you. Or you can stand to reduce some expenses and reach your savings goal faster. Some tips to cut costs:
Bundle cable, internet, and phone services or cut them altogether.
Request a free energy-audit to identify problem areas in your home.
Increase the deductible on your insurance policies to decrease premiums.
Create weekly meal plans to decrease grocery expenditures.
Ditch eating out for home cooked meals.
Use coupons and shop for bargains.
Avoid impulse spending.
Downgrade your cell phone or opt-in for a low-cost prepaid plan.
7. Get a Roommate
Having a roommate can be a great way to reduce your living expenses and free up more money to put towards a down payment on a house. By sharing the cost of rent and other expenses, you can significantly reduce your monthly expenses and save more money each month.
Additionally, if you are able to find a roommate who is willing to pay more than their share of the expenses, you may be able to increase your overall income and save even more.
8. Boost Your Income
Worried about stretching yourself too thin from your savings plan? Explore other ways to boost your income, so your efforts won’t interfere with your budget. Some ways to pull this off:
Work overtime to earn some extra cash.
Ask for a raise if it’s been awhile and your latest evaluation was stellar.
Get a part-time job and work when you have spare time.
Find odd jobs on Craigslist.
9. Sell Your Unwanted Stuff
Selling items that you no longer use or need can be a good way to raise extra money to put towards a down payment on a house. Here are a few ideas for items that you might consider selling:
Clothing and accessories: Do you have clothes, shoes, or accessories that you no longer wear or that no longer fit?
Home decor and furniture: Do you have furniture or home decor items that you no longer need or that no longer fit your style?
Electronics: Are there any electronic devices that you no longer use or need, such as an outdated phone or laptop?
Books, CDs, and DVDs: Do you have a collection of books, CDs, or DVDs that you no longer want or need?
Collectibles and antiques: Do you have collectibles or antiques that you no longer want or that you think may be worth a lot of money?
Consider selling these items through an online consignment shop or online marketplace like eBay or Craigslist.
10. Refinance Existing Loans
Are you paying too much in interest for your current debt obligations? The only way to find out is by reaching out to your lenders to determine if you’re eligible for lower interest rates.
If not, consider refinancing your loans, especially student loans, to lower the monthly payment and free up funds to go towards your down payment. (Keep in mind that extending the loan term could mean more interest paid over the life of the mortgage loan unless the new interest rate is lower).
11. Consolidate Your Debt
What about credit card debt with exorbitant APRs that are costing you a fortune? Explore debt consolidation options to determine if you qualify for a loan with a competitive rate. By going this route, you could shave hundreds off your monthly expenses, and pay off the credit cards much faster while saving for a down payment on a house.
12. Automate Savings
One simple way to boost your savings is by setting up an automatic deposit from your paycheck. By transferring a predetermined amount from your checking account into a high-yield savings account on a regular basis, you can watch your savings grow over time. This way, you don’t have to actively remember to transfer the funds yourself.
13. Explore First-Time Home Buyer Programs
If you are a first-time home buyer working towards the goal of homeownership, it can be helpful to research first-time home buyer programs that may be available to you. These programs may offer assistance with a down payment or low down payment options.
Some examples include Fannie Mae and Freddie Mac’s down payment assistance programs, VA loans, USDA loans, and FHA loans.
By considering these options, you may be able to significantly reduce the amount of money you need for a down payment on a home. It’s worth taking the time to research and see what kind of help may be available to you based on your personal financial situation.
14. Save on Transportation
Consider switching to cheaper forms of transportation, such as biking or public transit, if you live within a reasonable distance from your workplace. This will this save you money on gas and parking fees. It can also improve your physical fitness if you choose to ride a bike.
If you live in an urban area, using the subway or bus as an alternative to driving can also help reduce air pollution and traffic congestion, benefiting both your personal well-being and the environment.
15. Save Money on Your Purchases
There are several ways to save money while shopping, both online and in-store. Here are some suggestions:
Use online browser extensions like Honey or Rakuten to find and apply coupon codes automatically at checkout. These extensions can also alert you to price drops and help you find the best deals.
Look for sales and clearance items, and consider buying in bulk when it makes sense.
Compare prices across different retailers before making a purchase. Websites like PriceGrabber and CamelCamelCamel can help you find the best prices online.
Use cashback credit cards or apps like Ibotta and Dosh to earn money back on your purchases.
When shopping for groceries, try to plan your meals in advance and make a list of the items you need to purchase. This can help you avoid buying unnecessary items and sticking to a budget.
Consider buying generic or store-brand products, which can often be just as good as name-brand items but at a lower price.
Look for deals and discounts, such as buy-one-get-one-free offers or discounts for purchasing a certain number of items.
Use coupons and take advantage of loyalty programs if the store offers them.
Consider purchasing items that are in-season, as they are often cheaper than out-of-season items.
Shop at discount stores or warehouse clubs such as Costco or Sam’s. They often offer lower prices on a wide range of products.
Bottom Line
While it may be intimidating to save for a down payment, you can pull it off if you have a solid plan. It may take a bit longer than you’d like, but the benefits of homeownership will make your efforts worthwhile.
Inside: In this guide, I reviewed all of the budget apps and compared features and costs to form the best budgeting apps list. Find the best budgeting apps to fit your needs.
The best way to become smart with your money is to actively manage your money.
Make a plan for your money. Some may call it a budget.
At Money Bliss, we like to call it a Cents Plan. This enables you to find financial freedom. Find that place Where Cents Parallel Vision. Today, there are many budgeting apps on the market.
To kick off the new year, I was determined to find the best budgeting app on the market. Guess what?
My list grew each week!! And still growing! There are so many choices.
There are money management apps. Personal finance apps. Budgeting apps. So many apps to choose from! Seriously.
Some are free budgeting apps. Others have a monthly fee. Some have one-time costs.
The key to any budgeting app (free or paid) is to learn to manage your money.
At the very bottom of the post, we will reveal the best budgeting apps available.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
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What is a Budgeting App?
A budgeting app is a tool that helps you manage your money and keep track of how much you spend.
There are many different types of apps, and some may be free while others cost money.
However, they all make managing your finances easy by tracking where your money goes each month as well as providing tools for saving cash flow or spending more efficiently on things like groceries or travel expenses.
The end purpose of a budgeting app is to make managing your money easy.
There are many apps out there that can help you with this, including some from big brand names like Mint which just announced it is shutting down, Acorns, and Quicken. This guide will provide a list of the best budgeting apps for 2024 so you can save time and money!
Quick Answer
The preferred budget apps are YNAB, Empower, and Quicken.
What to Look for in Budgeting Apps
In order to find the best budgeting apps, you need to know what features and functions you are looking for.
The best budgeting apps are often the simplest and focus on ways to make saving a breeze.
They can help ease financial uncertainty by providing tools that allow users to save more money over time.
What’s more, how can you tell what to look for in a good budgeting app?
1. Ease of use
The best budgeting apps are easy to use and do not require manual entry. Different ways of creating a budget include handwriting it out, using a spreadsheet, or logging into an app or software program.
You want to find something that is easy for you to use. Even better, if you find the app fun to use!
2. Budgeting Capabilities
There are many types of budgeting apps; thus, each person will have budget apps they prefer over others. At the end of the day, you need something that will work for you over the long term.
Some have basic features that simply allow users to view their own spending, while others provide a number of tools for managing finances and saving money. Users should choose an app based on what they want as well as the capabilities it offers.
Many budget apps let you define your categories to track.
3. Saves Time
When you have an automatic budgeting app, it tracks how money moves in and out of your bank account automatically with ease. In addition to this, the updating process takes place automatically as well which saves more time for individuals who need it most!
Saving time with the least favorite tasks like budgeting is a win-win!
You want your budgeting app that makes managing your money a breeze.
4. Focus on Financial Goals
You need a budget app that helps you work towards your smart financial goals. This is important.
You want your budgeting app to help you with achieving your financial goals.
5. Synchronization
Synchronization is the process of returning data to a master database from one or more secondary databases. You want the budget app to synchronize accounts automatically.
Most offer automatic synchronization but may lack a feature that allows for a reconciliation of accounts such as bank accounts.
Many budgeting apps can synchronize from desktop to mobile. In addition, you can have multiple users on the same platform.
6. Price
Budgeting apps range in price from free to about $150 per year.
The app that has the most features and options is Quicken, especially given its price point.
Spending $5 a month to manage your finances is cheaper than overdraft fees and the lack of saving money.
7. App ratings
Many financial experts and personal finance gurus agree that a budget is necessary to take control of your money.
Look for budgeting apps that have at least 1,000 reviews in both the App Store (for iOS) and on Google Play (for Android), as well as a rating of 4 stars (out of 5) or higher on both platforms.
That will tell you the longevity of the app and user appeal.
8. Security
Specifically, are budgeting apps secure? Are there any security features in place to protect your data? This is a huge feature you need to verify your personal information will be intact.
On my budgeting apps, financial information is safe because they need to go through vigorous testing and pass banking regulations. There are certain vulnerabilities inherent to operating online in the cloud.
9. Additional Features
Most budgeting apps go beyond basic budgeting. Some offer advice on debt and investments, while others identify unnecessary expenses.
Most apps can track your spending and organize your expenses into categories.
The savings apps will automate savings, suggestions to save money, bill alerts, access to credit scores, and investing features.
All of the apps have a different feature set, so it’s important to find what you’re looking for.
Good Budgeting Apps will Help, But First – You Must
Before we dig into the list of good budgeting apps, we must discuss key points first.
In order to be successful, with any type of budget app, you must understand three key areas.
1. Uncover your Money Situation
You can’t hide under the sheets or with your head in the sand and expect changes.
To be successful with money, you must be active with your personal finance situation.
Take time to understand your vision. Figure out where you stand in building a foundation to the Money Bliss Steps to Financial Freedom. Understand where the pits of money are spent every month.
Not sure, where to start? Stick around here at Money Bliss; we have many resources to help you!
Must Read Help:
2. Budgeting Apps Won’t Change Habits
While personal finance or money management apps keep you on track, they are incapable of changing habits.
You have to make changes.
Just because the budget app tracks your usage on the credit card doesn’t mean that you should have spent that money. So, be willing to make changes in your spending habits and those emotional purchases to achieve financial freedom.
You must learn to manage your money.
Related Readings:
3. Still Need Paper & Pen
The first thought is “Wait, I wanted to get away from paper and pen.” Yes, that is the goal for most individuals.
However, it is key to know your net worth over time.
Also, you never know when your favorite budget app will go away. (Ugh!) Personally, I don’t like to be pessimistic, but technology is rapidly changing, and being able to adapt is key.
Keep tracking your personal finance numbers toward financial freedom in a separate place.
Okay without further ado, the full list of budgeting apps on the market.
YNAB
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
Pros:
Comprehensive approach to budgeting, helping you plan monthly budgets based on your income.
Offers expert advice, making it suitable for those who require an in-depth, forward-thinking budgeting strategy.
Superior synchronization skills make it the winner in this area.
YNAB has extra features like goal setting for budgeting, shared budgeting tools for partners.
Option to manually add and upload transactions from accounts each month.
YNAB prioritizes user privacy.
Start 34 Day Free Trial
Full List of Budgeting Apps with Free Trial
The budget apps we selected for this section offer a free trial for users to test out before signing up.
Budget apps are typically inexpensive and start with a free trial.
1. YNAB (You Need a Budget) – A proven method that has helped hundreds of thousands of people break the paycheck to paycheck cycle, get out of debt, and live the life they want to live. YNAB is best for serious budgeters.
2. Simplifi – Manage your money less in 5 minutes each week. Reach your money goals with confidence! Introducing Simplifi by Quicken, the personal finance app that gives you something to look forward to.
3. Tiller Money – Your financial life is in a spreadsheet, automatically updated each day. Track all your accounts in one place, always know where your money goes, and confidently plan your financial future.
4. Rocket Money – Rocket Money is your automated financial assistant and budget tracker designed to put you back in control of your money. Truebill lets you easily track bills, cancel unwanted subscriptions, and proactively request refunds on your behalf, putting real money back in your pocket!
5. Qube Money – The cash envelope system made easy. They invented digital cash envelopes. Real-time financial awareness without the hassle of tracking expenses, updating spreadsheets, and carrying cash.
6. HoneyMoney– HoneyMoney increases your awareness about your money habits. Being fully aware of your money naturally changes how you spend it. Great way to use cash flow budgeting. Plus uses “envelopes” to budget.
7. Qapital – Free, easy way to save money. Get $5 for your first Goal if you sign up here.
8.Money Patrol – MoneyPatrol actively monitors and analyzes financial transactions, and then alerts insights about the trends, patterns, and anomalies observed.
9. Wallet– Wallet is designed to help you get your finances under control from day one, giving you ongoing insight into your financial situation, and helping you stay in control for the long term.
10. Every Dollar– EveryDollar follows the zero-based budget approach recommended by Dave Ramsey, a top personal money-management expert. Create daily and monthly budgets and track your expenses to manage and save money.
11. Expensify – Expensify is the perfect tool for anyone who needs to keep track of receipts and automate expense management.
12. Cost Track – Expense Tracker – Cost Track allows you to: use your money wisely, keep track of your personal and family budget, and quickly enter your income and expenses.
13. Easy Spending – It is a simple and convenient finance tracker that provides the most powerful and convenient daily money management for iPhone and iPad, that neatly tracks all your cash flow between different accounts that you can budget.
Making Your Budget Work for You:
Full List of Free Budgeting Apps
The budget apps we selected for this ranking are completely free! Free budget apps are good options for users who don’t want to pay monthly or a yearly fee. Just to note, the list of free apps is dwindling with each update.
Finding the best budgeting app the best ones do simple things well.
Free apps are not always better than paid ones.
Typically, the free versions of budget apps provide basic features. Plus there are many free budget apps available on the market.
1. Empower– Empower is the best app for investors. This is one of my favorite ways to analyze investment accounts. See all of your accounts in one place, which helps to see spending. Free budgeting app to use. Read myEmpower Review.
Empower Personal Wealth, LLC (“EPW”) compensates Money Bliss for new leads. Money Bliss is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.
2. PocketSmith – Manage your budget and forecast your finances. There are paid levels of access but you can still get basic options for the casual budgeter.
3. Zeta – AskZeta is a financial planning platform designed to help couples manage their finances collaboratively. It provides tools and guidance for setting joint financial goals, budgeting, and navigating major life events to build a secure financial future together.
4. Honeydue – A financial app designed for couples, facilitating shared money management. It allows partners to track and manage their finances collaboratively, providing insights into spending, budgeting and shared financial goals.
5. GoodBudget – Envelope budgeting for the modern world.
6.Fudget – The budget planner you can actually use.
7. Wally – Personal Finance – It helps you compare your income to your expenses, understand where your money goes and set and achieve goals.
9. CountAbout – CountAbout is an online personal finance solution that surpasses the security and ease of use of the other popular commercial solutions on the market while offering complete privacy, zero advertising, and no selling of your personal data.
10. Daily Budget Original – Daily Budget calculation, planning & saving for big spending, basic categories for expenses, backup.
11. Spending Tracker – The simple fact is, by tracking your spending you will be able to stick to a budget and therefore SAVE MONEY.
12. Money Monitor – You can track and organize all your transactions, accounts, budgets, bills, cash flow, and payees in Money Monitor by easy operation but with powerful functions.
13. Money Box – Set your money goals and track your personal savings with this app. Take control of your saving goals and spend cash wisely.
14. Dollarbird– Track and forecast your money as easily as adding events to a calendar! Dollarbird helps you make sense of your financial situation, plan ahead and manage your money together with those who matter.
15. NerdWallet – Whether you want to maximize credit card rewards, earn extra cashback, track your credit score or make budgeting easier, it’s all here.
Budgeting Resources:
16. Buddy – Designed for simplicity and efficiency, helping users easily manage their finances. With intuitive features, it enables users to track expenses, set budget goals, and gain insights into their spending habits for better financial management.
17. Banktivity – Banktivity puts you in the driver’s seat of your finances so you can do both.
18. PocketGuard – With all of your financial accounts in one place, PocketGuard helps you stay on top of your finance and make better financial decisions.
19. Budget Saved – Personal Finance – Budget Saved helps you save money by grouping expenses based on need or want. You input an expense, save it as a need or want, and then you can look back to see which purchases were really necessary. With this information, you can see exactly how much you can save.
20. Albert – Money Management – Combining human guidance with cutting-edge technology, Albert is an intuitive app that automates your financial life — so you can be free to enjoy it. Build savings, meet bills, end the overspending cycle and develop your financial IQ, right from the palm of your hand.
21. Expense IQ – Expense IQ (formerly EasyMoney) is your ultimate money manager app that combines an expense tracker, a budget planner, a checkbook register, integrated bills reminder, and more rolled into one powerful personal finance app!
22. Prism– Never miss a bill or pay late fees again! We automatically track your bills & send due date reminders, for free. See your income, account balances, & monthly expenses at a glance.
23. Coin Keeper– Download CoinKeeper — the handiest way to plan and manage your finances, created especially for smartphones and tablets.
24. Mobills– Mobills is a budget planning app that allows you to create a custom monthly budget that will help you take control of your money. You are able to manage your money, track your spending, and achieve your financial goals all in one place.
25. iSpending – iSpending helps you to track your income and spending. You can add transactions under different categories, such as income, food, and entertainment.
26. Receipt Box – The Receipt Box is a quick app that is conducive to developing a good habit of tracking spending. It indeed performs well on this one.
27. BUDGT – BUDGT will help you keep track of your Expenses in a very simple way and tell you how much money you can spend each day, taking in account what you have already spent during the current month.
Full List of Paid Budgeting Apps
A budgeting app is a type of software that helps you track your money to manage your finances. There are several different ways you can use them, including getting paid upfront or by monthly fee.
Some apps offer discounts for people who pay monthly, but this is not always the case. If an app doesn’t have the capabilities you need to better manage your budget, it’s not worth it.
App users want budget capabilities and prefer to handle bill paying on their own schedules.
1. Quicken– Quicken personal finance and money management software allows you to manage spending, create monthly budgets, track investments, retirement and more. Read my Quicken Review.
2. Moneyspire – The budget feature is very user friendly and can rollover amounts. All of the reports you need at your fingertips. Also, you can move your data from many of the top budgeting apps and Quicken.
3. PocketSmith – Manage your budget and forecast your finances.
4. MoneyDance – Moneydance is easy to use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting and investment tracking.
5. CheckBook Pro – An easy & quick way to manage your daily finances, Checkbook Pro keeps track of your credit card charges, cash expenditures…etc.
6. HomeBudget – HomeBudget is an integrated expense tracker designed to help you track your expenses, income, bills due and account balances. It offers support for budgeting and allows analysis of your expenses and income, including charts and graphs.
7. Pennies – Keep track of your spending and save money with Pennies, the award-winning budgeting app for iPhone, iPad and Watch.
Enjoy guilt-free spending and effortless saving with a friendly, flexible method for managing your finances.
Start Your Free Trial.
Budgeting Apps Off the Cloud:
Due to security concerns, many budgeters prefer to keep their financial information off the cloud.
Here are the best budgeting software that are off the cloud. And if you want, they can be synced.
1. Quicken– Personally, I have used Quicken – pretty much since it was developed. Way before budgeting apps were even a thing and the cloud didn’t exist. Quicken is great for tracking how your money is being spent. Their internal budget feature is not user-friendly and has quirks. However, the cash flow reports are awesome to compare spending. The #1 reason I still recommend Quicken is because of its long history.
Read my Quicken Review.
2. Moneyspire – For those frustrated with Quicken, Moneyspire is your choice. The budget feature is very user-friendly and can rollover amounts. All of the reports you need are at your fingertips. Also, you can move your data from many of the top budgeting apps and Quicken. Start a free trial here.
3. Tiller Money – Tiller is the only tool that automatically updates Google Sheets and Microsoft Excel with your spending, transactions, and balances each day.
4. Banktivity – Get full control of your personal finance situation with Banktivity. Has all the bells and whistles you would come to expect for personal finance budgeting software. There is the ability to connect to the cloud if you prefer. Only for Mac Users.
5. MoneyDance – Moneydance is easy-to-use personal finance software that is loaded with all the features you need: online banking and bill payment, account management, budgeting, and investment tracking.
6. QuickBooks – QuickBooks is most like Quicken. It is the preferred software for most bookkeepers. The features are very helpful, but the price is significantly higher.
Expense-tracking budgeting apps
Expense-tracking budgeting apps are becoming more popular as they allow users to connect to financial accounts. They track transactions and group them into categories, making the best ones based on expense tracking systems.
Some of the top expense tracking budgeting apps include:
Simplifi: Quicken has introduced a new personal finance management solution. It is simple, smart, and intuitive money tracker tool that ensures users can keep track of their income and expenses in real-time.
YNAB (You Need A Budget): YNAB helps to reverse this pattern by living off last month’s income during current month.
Pocket Expense: This app is easy to use and has a clear interface for users who are not tech savvy. With Pocket Expense, you can input your income and expenses, set a budget, and track your progress.
Spendee – Understand your finances better with Spendee, the FREE budgeting app that tracks your spending, optimizes your budget, and helps you save money. This user-friendly app with good features for recording income and expenses as well as the ability to plan future budgets. It also lets you set goals and track progress.
Quicken: Quicken is a personal finance software application that can be installed on Windows, Mac or Linux computers and allows users to organize financial information in order for them to make financial decisions.
Learn where to load your Cash App card.
Investment/retirement planning budgeting apps
Investment/retirement planning budgeting apps are becoming more popular with consumers as the retirement age is being pushed back.
These types of apps allow users to keep track of their investments and review performance, ensuring that they’re on track to retire at the desired time.
There are numbeous different investment portfolio management tools, but most are designed for average investors looking to make changes or work towards long-term goals. Many double as budgeting apps also enable tracking expenses alongside investments in order to ensure that you’re on track to reach your goal.
Empower – read my Empower Review
Quicken
Betterment
Wealthfront
Stash
Apps to Help Save Extra Money:
Looking for easy ways to save extra money?? These budgeting apps will do just that.
1. Acorns: Invest Spare Change: This app rounds up any purchase made with a credit card to the nearest dollar and invests it in an exchange traded fund. They have four different investment portfolios from conservative, balanced, growth, and aggressive.
2. Tiller: This app automatically transfers money from any account you connect to it (like your checking or savings) into a fund of your choice every time you make a transaction.
3. Trim – Trim negotiates your cable, internet, phone and medical bills, finds and cancels unwanted subscriptions, can help you lower APRs and bank fees and more.
4. BillShark – Billshark is the easiest way to lower your bills, cancel unwanted subscriptions, and lock in the best rates for insurance.
Which Budgeting App is right for You?
Budgeting apps are becoming more popular as consumers try to make better financial planning decisions.
Budgeting apps help people with the ability to track spending, create budgets, and save money for retirement or other goals.
Budgeting apps must be paid for because they can be used across all devices and have a variety of features that can really help users save time and money.
As you can tell in this post, there are plenty of options to find your favorite budget apps.
Each of these apps can improve money management.
However, you must be able to make the changes necessary to stay within your means. That is up to you. Don’t try it and give up after a month. Stick with it. Show perseverance.
In the end, you will be happy you are stuck with using a good budgeting app.
Apps That Have Shut Down or Changed
These are budgeting app that have been on our list previously. But, when we recently updated the post, realized they are no longer offering the same services.
Mint: Personal Finance & Money – Mint is a free money management and financial tracker app that helps you get ahead and stay ahead. – Mint app shut down in 2024.
Firstly (formerly Honeyfi: Couples Finances) – The first app to help couples team up on everyday and long-term finances.
Opurtun (formerly Digit) – Digit analyzes your spending and automatically saves the perfect amount every day, so you don’t have to think about it.
mvelopes (merged with EveryDollar) – Everyone knows that cash will keep you on budget. Here is a digital option for your cash envelopes. Your first month free is to check out the budgeting system.
Olivia– Whether you identify as someone who is living paycheck to paycheck, or you’d just like to get smarter with your money in general, you’ve come to the right place! I am here to help YOU become the MASTER of your money.
Your Money Wallet – YourMoneyWallet lets you see all your accounts in one place, understand your spending, monitor your everyday spending, and see all your money transactions in a beautiful well crafted design.free
Joy – Money App– Joy is the brand new money app that will change the way you spend and save money to help you find more happiness in your life.
Advent – Budgeting Made Simple – Advent makes budgeting and tracking expenses super easy! With a very minimalistic design, you can easily maneuver around quickly.
Rolling Budget– Rolling Budget is a personal finance tracker that keeps track of your day-to-day expenses, travel, and fuel costs. Track where your money goes, plan your expenses, and create a budget that works for you!
Best Budgeting Apps
There are many apps available to help people manage their budgets.
The best app for you will depend on the type of budget you want to create and how often you want to make changes. All of these apps are mobile-friendly and work across multiple devices. They also offer additional features like budgeting tasks, reminders, and spending plans.
You can find all of these for iPhone or Android.
You can save time and money by using a good budgeting app.
This is your personal finance journey.
The ultimate goal with any budget app is to learn to manage your money. Not have your money manage you.
Now, make sure you are doing these habits to be successful with budgeting.
Which are your favorite budgeting apps?
Keep on Budgeting:
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Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
If you’re paying full price at the gas pump these days, you might be missing a way to fuel your household savings. That’s because many rewards credit cards offer bonus points when you use them at the gas station.
Used right, those rewards are like a discount on every gallon you buy. Few consumers would turn down these savings when the average price of a gallon of gas as of May 2024 was $3.61, according to AAA.
It’s fairly common now to get triple points — 3 points per dollar spent — for using a rewards card to pay for gas. Notably, some of the best cards for fill ups don’t feature the names of big oil companies or their service station brands. Instead, you’ll likely save the most with general rewards credit cards or cards associated with warehouse clubs and credit unions.
As you shop around for a card that will shrink your gas budget, keep these tips in mind.
Use 3% as a benchmark
The most lucrative cards for gas offer the equivalent of 3% or more in rewards. Better still, many cards with high rewards rates don’t charge an annual fee, so you’ll pay nothing to earn rewards that can be redeemed for cash back, gift cards, travel and more.
Credit score matters
More often than not, rewards rates of 3x and above are found in cards that require at least good credit, or a FICO score of at least 670, to qualify. If you have a low credit score, expect your credit card options to be limited. Nonetheless, there are a few cards for people with bad, limited or no credit that earn rewards, albeit modest ones.
Mind the caps
Some cards — especially those with 5% rates and no annual fee — limit how much gas spending will earn bonus rewards. For example, you might get 4% on gas purchases up to $7,000 in annual spending. After hitting the cap, gas purchases earn just 1% until the new year. Before applying for a card for gas purchases, check the rewards cap, if any, and decide if it’s generous enough to accommodate your spending.
Beware of ‘cents off’ rewards
Instead of a percentage of cash back or points per dollar spent, some cards — especially gas station-branded cards — give you a specific discount, such as 6 cents off per gallon. But when gas costs $3 per gallon, that 6 cents off is a mundane 2% discount. Plus, gas station cards typically earn rewards that can only be spent at that particular merchant.
Rewards at the gas station vs. pump
Many cards that offer outsized rewards on gas spending also reward purchases inside the service station such as snacks and wiper fluid. But some cards limit rewards to gas spending paid at the pump, and some gas cards earn elevated rewards only on in-store purchases, not fill ups.
Rewards credit cards have terms and conditions that govern their rewards programs; read through them to see what purchases earn rewards and if that list aligns with your expectations.
Warehouse cards have pros and cons
Warehouse clubs like Sam’s and Costco can be great places to get cheaper gas, savings that are compounded when combined with the stores’ co-branded credit cards that offer high rewards rates on gas. However, these same cards only earn those desirable cash-back rates up to a certain annual cap, and the reward redemption process can be cumbersome.
Remember, too, that you must be a member of those warehouse clubs, which means paying an annual membership fee.
Stack rewards with card-linked offers
Many rewards cards offer digital coupons in the form of card-linked offers through the issuer’s app. You “clip” the coupon by adding it to your card, and once you make a qualifying purchase, you’ll receive your savings, often in the form of a statement credit. It’s common to find card-linked offers for gas purchases, so before your next fill up, skim through your card’s digital coupon list for a station near you. You’ll save with the card-linked offer and earn rewards from that fresh tank, if your card earns rewards on gas.
Look beyond gas rewards
As you shop for a good gas credit card, consider whether the card offers rewards in other categories that align with your spending habits. That way, your gas credit card card transforms into an everyday card that you can use to pay for things like groceries, take out and streaming.
Plus, you might not spend as much on gas as you think. In 2023, U.S. households spent an average of $2,635 per year on gasoline, according to the Bureau of Labor Statistics. Even with a 3% rewards card, that’s $79.05 cash back per year, or about $6.50 per month.
If there’s a single theme to interior design trends in 2024, it’s that virtually anything goes. TikTok, obviously, gives fresh aesthetics viral appeal, so much so that, though we’re not even midway through the year, we’ve already cycled through the Unexpected Red, Bookshelf Wealth, and—how could we forget?—Mob Wife trends. (We forgive you if your head is spinning.)
The upshot? Personalization is more important than ever in 2024, no matter what space you’re looking to zhuzh up. “A focus on previously underestimated areas of the home such as the hallway, pantry, utility room, and laundry room are coming center stage,” observes Gemma Riberti, head of interiors at international trend forecasting agency WGSN. “Searches for ‘handmade’ and ‘eclectic interior design vintage’ are [also] growing steadily on platforms such as Etsy or Pinterest.”
“When I grew up, the first thing we did [when we redecorated] was [match] the curtains, for example, all the textiles,” affirms Karin Gustavsson, a creative lead at Ikea. “Today it’s not about coordination. Instead, [it’s about] objects that show who you are—this is my heritage, what I’ve collected during trips and travels.”
In Milan, Salone del Mobile—the world’s biggest design trade fair—and the city’s broader design week, provides the perfect moment to take a trends temperature check. In fact, ELLE DECOR editors fanned out across the Italian design capital to take stock of what’s new and what trends seem to have staying power. We’ve also spoken to a roster of ELLE DECOR A-List designers and industry experts to reveal some surprising—and not so surprising—home design directions set to unfold this year—and beyond. Here’s what we’ve uncovered.
Our Furniture Is About to Get Blinged-Out
Armani Casa
Armani Casa’s glamorous showcase in Milan, with new pieces inspired by Giorgio Armani’s travels.
Ready for some 24-karat magic? We certainly are! In Milan, some of the biggest names in Italian design went all-out on gold bling—a welcome departure from the more pared back, stone-and-leather material palettes that the region has become known for. Perhaps the biggest example of this trend came via Edra, which, at the Salone del Mobile fair, unveiled a series of new Minerals fabrics. A glass display case showed how each corresponded with a particular stone—from pyrite and onyx to silver and white quartz. But it was the gold offerings that stood out the most. Light gold, dark gold, and, most eye-catching of all, pure gold lit up the Edra booth with glittering upholstery, proving that you can achieve a glam, metallic look without the need of a hard surface. Elsewhere at the fair, Molteni&C celebrated its 90th anniversary in a way that only the revered Italian brand can: via a gold edition of the iconic D.154.2 armchair.
Armani Casa, meanwhile, showed off plenty of gilt at its showcase at the magnificent Palazzo Orsini in Milan. The new collection was inspired by Giorgio Armani’s many trips around the globe, with accessories available in a variety of different gold finishes. The section that pays homage to China, though, is where the metallic accents really stood out. The Venus console, for instance, uses gold leaf in its stone surface, like glamorous marble veins. Want to bring the vibe into the kitchen? We’ve got you covered there too: At its showroom on the bustling Via dell’Annunciata, Officine Gullo showed off a jaw-dropping oven range with 24-karat gold hardware. Talk about bling or bust!
Soft on the Outside, Squishy on the Inside
Poltrona Frau
Softer seats, like the new Parka Sofa by Draga & Aurel for Poltrona Frau, are all the rage.
It’s no surprise that outdoor furniture is bigger than ever before. Since the height of the Covid-19 pandemic in 2020, brands have been scrambling to bring their designs to the backyard. Now, though, there are some prevailing themes to be found among the latest batch. In particular, there seems to be renewed emphasis on bringing rounded sofas, armchairs, and even cocktail tables outside, continuing the trend of kidney bean–shaped furniture that’s been persistent throughout the last few years. At the Salone del Mobile fair, for instance, Dedon previewed new, curvy chairs from the likes of Stephen Burks, Claudio Bellini, and many others, pairing these voluptuous silhouettes with signature colorful synthetic weaves. Meridiani showed new, curvaceous outdoor lounge chairs at its booth as well at the fair. Another highlight at Milan Design Week was De Padova, which showcased a new outdoor collection, Afternoons, that resembled the look and feel of curved woven baskets.
The interiors world, meanwhile, continues to gravitate toward squishy, low armchairs and sofas. That mantra was most on display at Poltrona Frau, which introduced an exciting new collection designed by revered British designer Faye Toogood. Dubbed Squash, the pieces range from mirrors to ottomans and stools, with the curvaceous, cushy armchair being the real statement piece. Even Frau’s collaboration with Draga & Aurel, Parka, fit the theme. Minotti, meanwhile, made quite a statement at the Salone del Mobile fair. Following the death of the brand’s creative director Rodolfo Dordoni last year, Minotti opted to engage with a new list of designers for its latest introductions, including ELLE DECOR A-Lister Hannes Peer. Peer’s Emmi armchair marks a bit of a departure for the storied Italian brand, with its low seat and subtle yet striking curves.
Say So Long to the ‘70s—the ‘90s Are In
Though our collective obsession with all-things ‘70s isn’t going away anytime soon, a new throwback era is steadily rising to the fore: the late 1980s and 1990s.
“It was a very optimistic period, the ‘80s and ‘90s—the pop music, people were setting up companies,” says Gustavsson. For Milan Design Week, the company announced that it is reissuing two designs from the time period, including the Klippan sofa and Poäng lounge chair—both ‘80s designs by Japanese designer, Noboru Nakamura.
But the ‘80s and ‘90s references didn’t stop there: local firm StudioDanielK presented Antechamber, a collection of elegant, postmodern-ish chairs, lamps, and tables that we could picture in a chic update of Dr. Frasier Crane’s apartment.
Cork Is the Material of the Moment
Ethan Herrington
If your interior designer tells you to put a cork in it, you might want to think twice before taking offense: This lightweight, spongy material is jumping off the pinup board and onto walls, floors, and furniture. Part of the appeal has to do with its sustainability—cork is naturally biodegradable, free of scary chemicals, durable and water-resistant, and a completely renewable resource (cork trees aren’t cut down; rather their fast-growing bark is harvested).
If those qualities weren’t enough, it’s also a beautiful material—and designers are going crazy for it. Designers including Studio Dorian and Charlap Hyman & Herrero have clad rooms floor to ceiling in this soft brown material.
“We showed [our client] a photo of Yves Saint Laurent’s office in Paris that has a big cork wall that he pinned things to,” Studio Dorian’s Peter Dolkas told us in our May 2024 issue. “That was our sort of gateway to get her excited about the idea, but it didn’t take much convincing.”
High-Gloss Walls Are Out; Texture Is In
Douglas Friedman
The walls of this San Antonio home are in a sage-hued plaster, and the ceilings are clad in reclaimed longleaf pine.
Plain white walls are still out, but so are slick, high-gloss finishes that can turn any room into a hall of mirrors. “I think lacquer had its 15 minutes, and seeing your reflection in dining room walls doesn’t interest anybody right now,” says Palm Beach–based interior designer Lori Deeds of Kemble Interiors. “Brushed or hand-applied finish is where it’s at, like Roman clay or limewash [with its sueded texture] or hand-tooled plaster, which I love doing.” According to the results of 1stDibs’s seventh annual trends survey, when 624 interior designers were asked to predict the most popular wall finishes, the highest percentage of designers also doubled down on limewash.
“People want some action to their surfaces,” adds Los Angeles designer Oliver Furth. “Straight painted sheetrock doesn’t feel exciting right now.” But it’s not all about paint or other applied finishes; there’s a lot to be said about clever manipulation of natural materials. “We’ve been thinking a lot about texture—not fabric texture but more like patterns in wood that are three-dimensional,” explains Kligerman Architecture & Design founding partner Tom Kligerman. “And patterns in stone—not just slabs, but [what can happen] when you cut it into a checkerboard pattern of four-inch blocks with half of them recessed and the other half projecting, so its surface has been manipulated into this wonderful geometric texture that changes when you introduce light into the picture.”
Brown (Yes, Brown) Will Be Your Next Statement Color
Francesco Dolfo
In the primary bedroom of this Milan home, the wall paint is RAL Pale Brown, and the window paint is RAL Green Beige.
As ’90s neutrals were accurately predicted to replace drab gray tones in 2023, some of the same standout colors are poised to make an earthy splash this year. “We’re definitely seeing more and more brown in our lives—the Billy Baldwin variety of brown—and it’s a real throwback,” says Dallas-based interior designer Jean Liu.
When pinpointing next year’s hottest colors, 1stDibs determined that dark brown was in the top three, followed by shades of yellow and light brown. “There’s a color we’re using a lot in the studio that we’re calling ‘hot brown,’” adds Furth. “But browns are definitely happening—like really warm browns that might be a play on a 1970s palette, and those caramel colors, along with coral and persimmon.”
“Our eagle-eyed curators have spotted a major interest in these palette trends over the past few months,” adds Anna Brockway, the president and cofounder of Chairish. “They’re specifically on the rise among our most loved categories including upholstery, painted cabinetry, art, tabletop, jewelry, and decor.” For Danielle Barr, president of Woven, the New York–based rug design and development company, browns are “the new neutrals” and continue to resonate with their clientele. “We launched a lot of brown [rugs] in the past two years—chocolate browns and a variety of rust and deep golden wheat colors—that have a warmth to them because of the existing warmth to the natural wools themselves, so taking those colors on makes them feel even richer.”
“Brown is a great color—it’s very warm and rich, and it’s actually a great neutral to layer with other colors,” says New York interior designer Alyssa Kapito. “Everything was very gray, and now it’s much warmer—think sepia and caramel.” For designer Neal Beckstedt, the palette is a definite mood shifter. “Beige and brown are on an upswing along with very muddy colors that have an 18th-century calmness to them—think earthy colors with less vibrancy and more richness.”
Prepare for a Terra-Cotta Tile Takeover
Douglas Friedman
In this Sonoma estate, the handmade star-and-cross terra-cotta tile floor adds texture and dimension.
In terms of popular materials, 1stDibs found that ceramic and terra-cotta earned a top spot with nearly a quarter of designers surveyed. “I was recently in Box Hill—Stanford White’s summer home—and his use of terra-cotta in the entrance hall is so beautiful,” says Kligerman. “I’d love to start using more of it in houses just for the sculptural opportunities, and I’m looking into different colors like the beautiful greens and cobalt blues and, of course, the natural shades of ocher.”
“I’m here for it,” agrees Furth. “Right now, I’m doing a bathroom in glazed terra-cotta tile that will feel like a beautiful Georgia O’Keefe–style hammam.” The clay-based glazed—or unglazed—material’s appeal can likely be attributed to its use across a wide range of design and architectural styles, from Italianate and Spanish to Art Deco and Arts and Crafts. “Antiqued terra-cotta makes for the most fabulous floor—especially in Palm Beach, where we have so much 1920s architecture,” adds Deeds. “As an alternative, clients are really loving the zellige tiles from Morocco that also work so beautifully in these homes.”
Bouclé Is Here to Stay…but with Fresh Updates
Adrian Gaut
In this Toronto home, bouclé chairs by Nienkamper surround a table by Aschberg Magnuson.
Since as far back in furniture design history as 1948, when architect and designer Eero Saarinen upholstered his iconic Womb chair in bouclé, the nubby-textured fabric has proven its staying power. And whether it pops up on a Pierre Yovanovitch Papa Bear armchair or is worn as armor in the form of an iconic Chanel suit, bouclé exudes a certain opulence. For San Francisco–based interior designer Nicole Hollis, it’s the one fabric that is the epitome of quiet luxury. “I’m always attracted to bouclé, and Rosemary Hallgarten’s alpaca bouclé fabrics are just gorgeous.”
“You don’t want to do an entire apartment in bouclé, but we’ll never get tired of it.”
“A very stylish friend from New York texted me the other day asking if there was ‘any furniture in 2023 that was not covered in bouclé?’” laughs Furth. “It is here to say, though we’re seeing new versions of it with thicker pile and in different colors—the skimpy cream and off-white bouclés feel down-market.” And where the fabric’s longevity is concerned, Kapito is in full agreement. “It’s a classic and always adds a beautiful texture to a room—you don’t want to do an entire apartment in bouclé, but we’ll never get tired of it.”
Straight Lines, Meet Curves
PION Studio
In a corner of this living room, linear custom millwork frames a curvaceous sofa.
Reporting on the most iconic seating, 1stDibs named Hans Wegner’s Wishbone chairs and Vladimir Kagan’s Serpentine sofas among the most coveted by designers—both of which share one distinct attribute—curvaceousness. “I’m over the straight line—we’re all about some curves and softer shapes in the new year,” says Liu. “With furnishings, we see scalloped details are really part and parcel of pieces we’re specifying, and it could be in the frame of a mirror or an upholstery detail—we recently showed clients a set of found barstools that had an undulating wood-carved detail on the back that they really loved.”
“The precision of being a perfect block is out.”
“A [Jean] Royère Polar Bear sofa never gets old for me,” says Kapito. “The thing you need to remember about any trend is that you don’t want to commit to it everywhere, so if you have a curved desk and chairs, you want to make sure there are also [pieces with] straight lines in the room—it’s a mix and balance that makes a space interesting.” Not surprisingly, Deeds takes a similar stance, with regional design in mind. “The undulating curves like those found in [the work of] Royère are a regular theme in Palm Beach design and the scallops you’re seeing in furniture design are really hot right now but also timeless.”
“I see so many curves, and they’re not going away,” adds Hollis. “Artisans are embracing that curvature and more organic forms.” For Beckstedt, the path ahead is decidedly more roundabout. “The precision of being a perfect block is out. Biedermeier furniture, for instance—with its curves and warmth—is becoming more present, and gone are the days of ’80s-inspired glass and steel.”
Artisanal Everything Is In
Patrick Biller
In the foyer of this Toronto home, Montana Labelle styled a vintage credenza with vintage accessories and artwork found on secondhand sites like Chairish and the RealReal.
There’s an art to creating exceptional design, and it’s never more evident than in bespoke pieces and artisanal work that showcase the incomparable skill of human hands. “We’re not sick of seeing the artist’s hand and the human touch [in design], especially post-pandemic,” says Furth. “Our clients are craving the handmade—whether it’s ceramic tile or hand-carved wood furniture or handblown glass, human irregularity is soothing.”
Tapping artists to expand their craft for one-of-a-kind, hand-tooled pieces is something Hollis does on a regular basis. “[British artist] Nic Webb carves these gorgeous vessels out of solid wood, and we asked if he could turn one of them into a light fixture [for a project],” she explains. “And it really made a statement.”
In its own trend forecast, Chairish identified an increased demand for imperfectly perfect design that included American folk art and elements like whip stitching. “Handmade, heirloom, antique, or vintage items were made with consideration and care,” adds Brockway about a world where anything can be mass-produced. “There’s something incredibly unique and just plain fun about the way their details come to life.”
New York- and Palm Beach–based designer Victoria Hagan applauds the character in these small details as well. “I’ve also placed a new emphasis on natural materials, including a celebration of their imperfections,” she adds. “We’ve all certainly learned that life is not always perfect.” As Barr explains, noting that everything they make is by hand. “We intentionally mix materials in a way I don’t think our weavers have seen before,” he explains. “We don’t like things to be flat and perfect, which makes you see more abrash, or the natural variations [in the rugs].”
High-Tech Lighting Will Be Our Decorating Bestie
Douglas Friedman
Sun shines upon the monochrome kitchen of this desert-modern retreat, but at night, high-tech lighting transforms it into a chic cooking space.
Developing the ability to change the intensity and color of the light in a space was truly a bright idea, and over the past decade the technology has become more and more desirable. “People are embracing the technology that allows for color tuning,” says Liu. “It can make a room feel like it’s getting natural daylight even if it’s gloomy outside, but it’s not inexpensive.” She also notes the very practical purpose it serves for some of her clients. “For art collectors, it really elevates the way they’re interacting with the works in their home.”
Companies like Philips, AiSPiRE, and USAI Lighting have long offered an array of products to enhance interior LED lighting, and now designers and homeowners alike are beginning to see the light. “Though [the ability to tune] color temperature is a big thing—some clients love it, and some don’t,” admits Hollis. “We’ve been using Kreta, and each light bulb is programmable, and you can warm it and change the color temperature. It’s a little more expensive [than traditional lighting], but you have the capability to control it all through an app.”
Alternative Materials Will Be the Standard
Theo Tennant
Suede remnants from a British leather factory clad the hallway of this Paris apartment.
Sustainability has transcended trendiness to become a wider goal for the design industry in an effort to significantly reduce negative environmental impacts, while also enhancing the well-being and spaces of those who embrace it. “We’re seeing a lot of attention being paid to materiality—what it is, where it comes from, and where it’s sourced,” says Hollis. “And that means people are creating furnishings and products that are more interesting based on those parameters, like Max Lamb’s furniture collection made from recycled cardboard.”
Meanwhile, during Milan Design Week, designer Harry Thaler, in tandem with the company EconitWood revealed a series of gorgeous, curved furniture and lamps made from a material derived from recycled sawdust.
“There are some materials that will disappear,” Gustavsson, from Ikea, predicts. “I can see it in the high-end furniture as well.” Design companies, she points out, are abandoning chrome in favor of more environmentally friendly materials. Ikea, for its part, is ramping up its exploration of sustainable artificial fibers. Woven, in an effort to “reshape the rug industry,” is also exploring alternative materials for its bespoke floor coverings. “We’ve mixed aloe [fibers] in with wool, and now we’re working with eucalyptus silk—which is another sustainable product—and mixing it with natural wools to create more depth and texture in our rugs,” explains Barr.
Victorian-Era Details Will Have a Revival
Kelly Marshall
Whether or not we have to thank television series like Julian Fellowes’s HBO period drama The Gilded Age—and its predecessors Belgravia and Downton Abbey—for the renewed interest in the aesthetics of 19th-century design is beside the point, because we’ve moved straight into embracing it. “We recently completed a home with walls comprised of different pieces of oak, reminiscent in a way of Victorian architecture with its beaded board and square and diamond shapes, so there’s this great interior texture—especially when the light crosses the surface,” shares Kligerman. Though he’s quick to add the era’s heavy design shouldn’t be translated too literally. “You eliminate some of the fussy, flowery details and make it more abstract, more rectilinear—or even geometric—and remove the Gothic tendencies so it’s cleaner.”
“To that point, clients have been coming to me with images of that [late 19th-century] Parisian style—crown moldings and chevron floors—so there’s definitely a revival happening,” adds Hollis. “There’s also more modern millwork in conjunction with those moldings and things [as a balance], but it’s certainly a more ornate style.”
Still, one has to wonder, Are these late 1800s design elements really making a comeback? “Absolutely! And we can’t forget fashion’s influence either,” says Brockway about the rise in Victorian-inspired flourishes. “We consider it a nod to maximalism and a reminder to layer these elements into your home through furniture, art, and decor for the ultimate one-of-a-kind look.”
Helena Madden is ELLE DECOR’s market editor, and covers all things product and trend, from flatware and furnishings to kitchen and bath. She previously worked as a staff writer at Robb Report, where she covered luxury news with a focus on interior design.
Anna Fixsen, Deputy Digital Editor at ELLE DECOR, focuses on how to share the best of the design world through in-depth reportage and online storytelling. Prior to joining the staff, she has held positions at Architectural Digest, Metropolis, and Architectural Record magazines. elledecor.com
Mortgage rates will probably remain above 7% in May as inflation resists the Federal Reserve’s efforts to bring it under control. It left rates unchanged at the conclusion of its April 30-May 1 meeting, and seemed as frustrated by inflation and high interest rates as home buyers are.
The Fed is trying to wrestle the inflation rate down to 2%. The central bank made progress toward that goal in the last half of 2023, and investors rang in the new year with hopes of a Fed rate cut by spring. But the inflation rate sprang a surprise: It hardly budged in the first three months of the year. Investors have convinced themselves that inflation will stick around for a while. Mortgage rates have moved higher as a consequence.
The 30-year mortgage leapt more than a quarter of a percentage point in April. Mortgage rates are unlikely to fall significantly until inflation wanes and the Fed signals that it’s getting ready to announce a rate cut. It’s unlikely that we’ll see such a turnaround by Memorial Day.
Inflation loses downward momentum
The outlook was sunnier just a few months ago. As 2023 turned to 2024, it looked as if inflation was waning in earnest. The core consumer price index had fallen every month since March. From that month to December, core CPI fell from 5.6% to 3.9%. Investors took it as a sign that inflation was headed toward the Fed’s 2% goal, and that the central bank would cut the short-term federal funds rate in the first half of 2024.
But progress on prices slowed dramatically in 2024’s first quarter, as if the inflation rate had deployed a parachute. In March, core CPI was 3.8%, or just 0.1 percentage point lower than in December. At that rate of decline, it would take more than four years for the inflation rate to drift down to 2%.
“In recent months, there has been a lack of further progress toward the committee’s 2% inflation objective,” the Fed’s rate-setting committee announced at the conclusion of the April 30-May 1 meeting.
The statement added that the Fed won’t cut rates until the committee “has gained greater confidence that inflation is moving sustainably toward 2%.” That seemed to push a rate reduction months into the future.
Financial markets now expect the Fed to wait until September or November before reducing the federal funds rate. The dashed hopes for a springtime reduction led lenders to raise mortgage rates in April.
The average rate on the 30-year fixed rate mortgage moved upward week after week throughout April. In Freddie Mac’s weekly rate survey, it averaged 6.79% in the last week of March, then marched upward to 7.17% in the week ending April 25.
What other forecasters predict
Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors all predict that mortgage rates will fall over the next 12 months. Their forecasts have the 30-year fixed-rate mortgage dropping to below 6.5% in the first quarter of 2025, compared with an average of 6.75% in the first quarter of this year.
Builders offer rate relief
Home prices are rising along with mortgage rates. The combination of higher prices and mortgage rates is making it harder to afford a home. According to the Mortgage Bankers Association, the typical mortgage payment was $2,021 for home buyers who applied for mortgages in March. That was $108 more from 12 months earlier. This means that the median mortgage payment went up 5.2%. At the same time, the median income went up 3.5%, according to the MBA. House payments are rising faster than incomes.
Homebuilders have been offering relief in the form of temporary rate buydowns. With a rate buydown, the builder reduces the buyer’s house payments for the first one to three years. They do it by subsidizing the buyer’s interest rate.
Here’s an example of how a one-year buydown might work: The buyer gets a mortgage with a 7.25% interest rate, but the first 12 payments are based on a 6.25% interest rate. That gives the buyer a discount on the monthly payments for that year.
Builders do this in recognition of the effect of rising rates and prices. “To address affordability for home buyers, we are still using incentives such as mortgage rate buydowns and we have reduced the prices and sizes of our homes where necessary,” said Bill Wheat, the chief financial officer of D.R. Horton, a prominent homebuilder, in an earnings call April 18.
The takeaway is that some homebuilders are cutting rates, even if the Fed isn’t.
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Money luck superstition is something that has been around for over 3,000 years.
Left Hand Itching has been a superstition since the dawn of time and there are a lot of people who still believe in it. Some say that if someone has a left hand itchy they are likely to receive money. Others say that the more itchy one’s left hand is, the faster they will receive money.
You may believe the meaning of life is found in one simple saying like left hand itching.
It sounds like a fortune cookie, but this quote has been around for centuries and also holds some weight when it comes to true wisdom about finances. However, there are many other sayings people use for their good luck charms such as “Toes on Head,” “Praying Hands,” “Rubbing Stone,” and “Clenched Fist.”
Let’s explore some of the most common superstitions surrounding money and take a look at whether these beliefs are plausible or not.
Seriously, what does it mean when your left hand itches?
We will cover the origins of money luck and left hand itching.
More importantly, what it means for you today.
What does it mean when your left hand itches?
It is normal to have an itchy left hand. More than likely, it is caused by many things such as dermatitis, eczema, psoriasis, and seborrhea (dry, scaly skin).
However, there are money superstitions with your left hand that we need to investigate.
What exactly is the left hand itching meaning?
Left Hand Itching is means you are expecting to come into money soon.
Believed to be an omen of good luck for money and prosperity, but it can also mean the opposite depending on how you look at it.
The itching could be anything: winning the lottery, getting an unexpected raise at work, or even just finding a quarter on the ground.
All possibilities are endless and no one can really tell what will make your left hand itch until it happens for them!
Signs of Left Hand Itching
Left hand itches are a sign of money luck superstition and the origin is unknown.
Some believe that this is because the left hand represents one’s heart and when your body senses an issue, you scratch yourself with your dominant hand which then symbolically cleanses and clears the area. There are also those who say that scratching on the left side helps to balance out yin-yang energy in order to create good fortune for oneself or others.
Therefore, if someone has been having bad luck recently they should scratch their right hand to rebalance the yin-yang energy.
This is a good example of how people often put extra meaning into random occurrences, so if you’re feeling lucky this weekend and left hand itches start appearing on your body, don’t worry about it!
Left Hand Itching Lottery
Left hand itching is considered a positive sign for lottery winnings.
Itching the left hand means luck will come to you, and it could be an indication that your luck has changed.
Winning the lottery is however very unlikely with the odds of 1-in-292 million. More than likely, you will be struck by lightning or die from a bee sting (source).
If you ever have a chance to buy the lottery, it’s good luck if you’re itching your left hand.
It is said that some of the numbers associated with scratching your left hand will appear to you.
For Mary Shammas, her lucky numbers were the birthdays of her five family members and she ended up winning a $64 million jackpot. Check out this left hand itching lottery post.
Your lottery number for left hand itching is yet to be determined for that winning jackpot.
This is a left hand lottery where you scratch your left palm with the date and then follow it up with a rubbing of your right hand. The numbers are picked at random from 1-100, but there’s no saying what number will appear on those palms.
There is many superstitions behind this tradition, but anything is possible with itchy left palms.
Superstitions for Left Hand Itching
There are many superstitions for left hand itching. Remember, left hand itching is a superstition that has been passed down through generations.
Here are some left hand itching superstitions to look for:
The superstition believes if your left palm itches, then you’ll have a lot of money luck coming in soon.
Left hand itches when you’re about to get or win money. If your left palm is itching, then lookout for a good opportunity that will arise soon.
Left hand is the dominant hand for people that itch their palms, and left-handed people are more likely to be money handlers.
The left hand is more sensitive than other parts of your body, so if you have itchy palms, then know that good luck will come your way soon.
Left hand itching on afemale means a positive sign that will bring even more fortune and money.
Left handing itching on a male means you are going to attract money to you.
However, don’t spend all your money on lottery tickets because this isn’t going to bring you any luck!
Left Hand Itching Spiritual Meaning
Left hand itching spiritual meaning is when one’s left hand, sometimes the palm of the hand, starts to itch and tingle.
It is common for people to itch their left hands when they are troubled by something or experiencing some sort of life transition like moving, going on vacation, starting college, or getting married.
Left hand itching may be a spiritual connection and it can also have other meanings.
This type of body language is an indication that the person needs help and guidance in order to figure out what direction he wants his life to go next.
Left Hand Itch & Being Left Handed
Almost every culture associates left-handedness with bad luck or misfortune.
One of the most popular cultural beliefs states that right-handed people are lucky while left-handed people have bad luck.
In some cases, people believe that if someone holds their left hand outstretched they will receive negative energy from others around them causing illness, sadness, or even death.
In other cultures, some believe that left handed individuals are unlucky and should never undertake any activity with their hands as they might get cut off or fall sick due to this condition.
Top Money Superstitions
Money superstitions are beliefs and practices that people have about money. Some of these can be harmless, while others may cause harm to the person who follows them.
It has been said that superstitions are most popular for all, with specific beliefs such as good luck. Belief in superstitions decreases with age.
Money is one of the most commonly used symbols to represent good fortune and wealth.
The belief is that money can make you lucky or unlucky depending on how a variety of factors. Let’s discuss some of the most common money superstitions.
Spiders & Money
It is a simple, common superstition that if you have a spider crawl into your pocket or purse it means “money luck” is coming soon.
Would you consider money and spiders in the same sentence? But, there are two types of superstitions with spiders and money.
If you observe a spider spinning a web, then your income with increase due to your hard work.
When a spider crawls into your pocket, that means you will always have money.
The idea of catching spiders in order to avoid bad luck is not very scientific.
Whistling
Did you just whistle money away?
Many people have superstitions about money, but this Russian superstition is one of the more interesting ones. Russians don’t whistle in a roof because they might lose their money if it goes up into the air and returns to them.
In addition, they do not whistle inside in fear of putting themselves in poverty.
Ring in the new year with cash in your hand
The New Year is approaching, and you might be wondering what to do with that cash in your hand.
The old wive’s tale claims that you need to have cash in your hand before midnight on December 31 if you want to be prosperous for the coming year.
On New Year’s Eve, put all of your cash in one pocket and don’t set it down anywhere until after midnight.
Another superstition says putting your purse or wallet on the floor can make you lose money.
Heads Up Penny
What does it mean to pick up a penny if it is heads up?
Most people would say that if a penny is heads up, it means it has been picked up.
Since a heads up side of a penny brings good luck, the tail side brings bad luck.
We have all heard the saying, “heads up for luck and tails for bad luck.” This superstition drives that saying.
So, when you find a penny with the “good” side up, will you pick it up? What about if the “bad” side is up, will you leave it be?
Or do you prefer the penny saving challenge?
Purse on the Floor
A common superstition about money is that putting your purse on the floor will cause you to lose money. This superstition probably originated from an old wives’ tale.
Sweeping the House
A common superstition is to NEVER sweep your house before or after 6:00 p.m.
If you sweep at night, it means that you are sweeping away any good fortune and money that may have come into the home during the day.
Friday the 13th
Another superstition is some people will put a dollar bill under their pillow to make sure they have enough money for the day ahead or will not walk around on Friday 13th because it’s considered bad luck.
Bird Droppings
If a bird poops on you or your car – it will bring your financial luck.
In fact, bird droppings bring great wealth. That is what has been said before.
Good Luck Charms
Many people believe in good luck charms, so they carry one around in their pocket, wallet, or shoe.
Many times someone’s lucky charm has a significant meaning to them. One that may or not be spiritual in nature.
One thing is for sure… they carry it everywhere they go.
Money Attracts Money
Money attracts money is a saying which means that the more you have, the more likely you are to attract people who also want to be wealthy.
This is because when someone starts making more money, they usually want to be in a place where other wealthy people are, which is why many wealthy individuals live in expensive neighborhoods.
It takes money to make money.
As frustrating as that concept is, there is some truth to the statement. You cannot always have a negative bank balance and have the mindset that things you quickly change.
If you see positive growth, you are going to focus on continuing the money growth.
It all comes down to your motivation – in fact, use one of these millionaire quotes to help you reach success.
Medical Truth for Left hand itching
This is an unusual symptom that your body may be experiencing. It could signal something serious like an allergic reaction or a parasitic infection.
It is natural to scratch your hands.
When the itchiness becomes too much, you can use your other hand to help relieve the pressure. If the itchiness is in your fingers, try using a piece of cloth to cover them. If the itchiness is in your palm or wrist, then you can use some ice cubes wrapped up in a thin cloth.
Also, refer to a doctor for a specific cause of your left hand itching. The more common medical causes can be many things such as dermatitis, eczema, psoriasis, and seborrhea (dry, scaly skin).
Does your Left Hand Itch?
Despite the fact 63% of Americans believe in superstitions, most people do not realize how much money is involved with their rituals.
Left hand itching is one of the most common money superstitions.
Left hand itching is a superstition that has been around for centuries and continues to be passed down from generation to generation.
There are many superstitions for top of left hand itching, but none have been proven scientifically. It is important to remember that left-handedness has no correlation with your luck or money status in life!
Left hand itching is a highly-common superstition that has been around since ancient times.
It means luck and money are coming your way because the left hand symbolizes wealth in many different cultures, though it’s not always true.
If you are experiencing an itch on your left palm, then there may be some truth behind this old saying.
Or does are you experiencing right hand itching?
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
As the new year began, the late 2023 assumption of multiple rate cuts from the Fed quickly gave way to the notion of needing “just a bit more confidence” that inflation was sustainably on the path to 2.0% before rate cuts could commence. That shift in verbiage coincided with a shift in inflation numbers in January’s data. Now that February’s inflation data is mostly in, we find inflation running nearly as hot as last month at the consumer level and even hotter at the producer level. Today’s PPI confirmed the latter and the bond market didn’t love it. Jobless claims added insult to injury with a big drop in continued claims and big revision (lower) to last week’s 1.9m+ reading. All this with less than a week to go before the next Fed announcement and dot plot.
Core MM PPI
0.3 vs 0.2 f’cast, 0.5 prev
Core YY PPI
2.0 vs 1.9 f’cast, 2.0 prev
Headline PPI MM
0.6 vs 0.3 f’cast, 0.3 prev
Retail Sales
0.6 vs 0.8 f’cast, -1.1 prev
Jobless Claims
209k vs 218k f’cast, 217k prev
Continued Claims
1811k vs 1900k f’cast, 1906k prev
08:35 AM
After the data, 10yr at 4.223% (up 3.5bps on the day). MBS down 6 ticks (.19).
09:45 AM
Additional weakness. 10yr up 7.3bps at 4.261. MBS down 10 ticks (.31).
11:57 AM
More weakness. MBS down 15 ticks (.47) and 10yr up almost 11bps at 4.294.
02:28 PM
MBS are down 17 ticks (.53). 10yr yields are up 11.2bps at 4.30.
Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.
A new year brings a fresh start. Maybe in 2024 you’re trying to refresh your skincare routine or resolving to read more. But as you work on yourself, don’t forget to give your home some TLC.
This year is bringing unique and luxurious styles to the forefront of home décor. There’s an abundance of home trends to embrace—from textured fabric to textured walls, dainty bows to soft round edges, and even glamorously ornate stylings.
While you don’t need to abandon your style, let these trends serve as inspiration for ways to refresh your space. Here are the top 10 home décor trends of 2024.
1. Bouclé fabric
Credit:
Reviewed / Beautiful
As if we needed yet another reason to adore Drew Barrymore’s Beautiful collection.
Move over velvet—bouclé is the latest fabric everyone wants. Made of looped wool or synthetic fibers, bouclé is a textured fabric often coming in soft pastel and neutral colorways. Nick Drewe, a trend expert at Wethrift, spotted bouclés rise in popularity, especially on TikTok; the hashtag #bouclechair has over 62.4 million views on the social media site.
To join in on this interior design trend, go for this chic, yet affordable chair from Drew Barrymore’s line at Walmart, which has a rotating base and comes in an darling shade of sage or a sleek white.
Beautiful Drew Chair
Lounge in style with this luxe rotating chair.
2. Bows
Credit:
Reviewed / Meri Meri / McGee & Co.
There’s no limit to what season bows can be used in.
Yes, maybe you just put away bows for the holiday season, but they’re not going anywhere. Bows are everywhere—from clothes to hair, and now your home.
These dainty ties add a feminine flair to your home design. Bows is one of the most versatile design trends of 2024. They can go anywhere, like your table with delicate taper candles from Meri Meri, and even your bathroom with this sweet shower curtain by McGee and Co.
Multi Bow Taper Candles
You’re sure to see a surge in ‘coquette’ home décor this year.
Lillian Linen Shower Curtain
These bow accents are subtle, but will offer a different feel.
3. Peach tones
Credit:
Reviewed / Ruggable / Holli_zollinger
Pantone’s “Peach Fuzz” should absolutely be on your mood board this year.
The Pantone Color of the Year is Peach Fuzz, a cheery color ready to brighten up your home’s color palette. It’s a vibrant pastel that works wonderfully as a decorative pop of color.
Ruggable, which makes our favorite washable rugs, has an exclusive line featuring Pantone Peach Fuzz. We love this tufted rug that features a playful geometric print. Or, you can go all out with a peachy accent wall using Spoonflower wallpaper.
Pantone Peach Fuzz Neutral Grid Play Tufted Rug
Peach Fuzz can add that pop of color you need.
Peach Fuzz Pantone Color of the Year Wallpaper
A bold accent wall is calling your name this year.
4. Cozy neutral colorscapes
Credit:
Reviewed / BedThreads. / CB2
Try adding deeper earth tones to achieve a moodier vibe around your home.
Brown is the new go-to shade of neutral. While black, navy, and gray usually get all the attention when it comes to neutrals, 2024 is the year of brown. Not only is it a perfect compliment to the vibrancy of peach, but it’s a gorgeous way to add depth and warmth.
Bedding is an easy way to incorporate brown into your home. Refresh your bedroom with a set of cozy linen sheets in a deep cocoa color like these from BedThreads. Or, try brown curtains for a moody display. These curtains from CB2 are a rich brown that will make your home feel luxurious.
Cacao 100% French Flax Linen Bedding Set
You’ll feel luxurious sleeping atop these earthy linen sheets.
Chocolate Brown Velvet Window Curtain Panel
Feeling moody going into the new year? Try these floor length curtains.
5. Curved furniture
Credit:
Reviewed / Orren Ellis / West Elm
Make waves with curvy furniture that is both unconventional and distinctive.
This year, rather than going for sharp, angular pieces of mid-century modern furniture, try rounded curves. This softer approach, especially through furniture, can make a statement.
Have fun with a new coffee table that swaps hard edges for smooth curves. This cloud-like coffee table is unique and cultivates a dreamy living room vibe.
Or if you’re in the mood for a new couch, try this low-profile curved sectional from West Elm.
Bothnian Cloud Shape 4 Legged Coffee Table
This abstract coffee table is the perfect mesh of modern and contemporary home décor.
Laurent 2-Piece Wedge Chaise Sectional
You’ll dream of sinking into this eccentric sectional.
6. Furniture made out of cardboard
Credit:
Reviewed / 2modern / Yona Furniture
In 2024, we’re using less wood and more cardboard.
Sustainability continues to be an important pillar of this year’s home design forecast, with cardboard furniture trending as one of the greenest ways to furnish your home.
You’d never think that cardboard could be sturdy enough to hold your mattress, but it is! Cardboard is one of the most sustainable fibers as it’s made from recycled materials rather than newly harvested ones—and it can be surprisingly sophisticated.
Cardboard furniture may be rising in popularity, but it’s been around for almost 50 years. The Wiggle Stool by Frank Gehry is crafted from perforated cardboard and makes a contemporary and stylish seat.
Yona makes cardboard bed frames that are supremely sturdy, holding over 7,000 pounds. If you don’t want to spend a lot of money but want the cute platform bed style, a cardboard frame is worth a look.
Wiggle Stool
A cardboard stool that takes upcycling to new levels.
Yona Cardboard Bed
Yona Furniture’s cardboard pull out bed is great for the environment.
7. Concrete walls
Credit:
Reviewed / Brewster
Faux brick walls are a thing of the past—try faux concrete instead.
Industrial style stands the test of time, but it’s getting a new look in 2024. Rather than steel, exposed brick and natural wood, it’s the year of concrete. This rough, natural material adds some nice texture to your home. It looks best in bathrooms and kitchen backsplashes.
However, if you can’t build a concrete wall in your home, you can still get the look with wallpaper. This Brewster wallpaper looks like concrete, so you can create a statement wall masterpiece.
Quimby Grey Faux Concrete Wallpaper
Don’t worry, this faux concrete wallpaper is renter-friendly.
8. Ornate-inspired interiors
Credit:
Reviewed / Astoria Grand / Rifle Paper Co. x Cloth & Company
Maximalists will appreciate the appeal of bold metallics and eye-catching florals.
Some of the most popular movies and TV shows of the past year—think White Lotus, The Gilded Age, and Saltburn—feature ornate backdrops full of European-inspired homes with gorgeous plastered walls and rich fabrics. For the maximalists, tuning into this ornate style will feel natural.
This style embraces plaster and concrete walls decked out with gold trim and bold pieces of artwork.
Bring the style to your own home with gold accessories and satin florals. Hang your photos with a gold ornate frame like this one from Wayfair that’s beautifully decorated.
Rifle Paper Co. makes furniture in their gorgeous prints and this settee looks like it’s out of a stunning villa.
Greyson Wood Picture Frame
If simplicity isn’t your thing, try a fancier frame for your favorite photos.
Rifle Paper Co. x Cloth & Company Louie Settee
This settee comes in 12 different eye-catching patterns.
9. Bold tile patterns
Credit:
Reviewed / Merola Tile / MSI
May your next home DIY project be filled with new tiles and a satisfying end result.
When it comes to tiling, this is the year to go bold. While crisp white tile is a popular choice for bathrooms and kitchens, it’s a little dated. In 2024, go for patterned tiles. We love floral patterned tile that can deck your walls and floors.
If you don’t want to stray too far from white tiles, this mosaic tile comes in a simple black and white floral motif.
For something a little bolder, this porcelain tile features a gorgeous blueprint that will make your home stand out.
Metro 1 in. Hex Matte White with Flower
Replace old backsplashes and tile flooring with a dreamy upgrade.
Encaustic Tamensa Matte Porcelain Floor and Wall Tile
These tiles looks like they’re hand-painted with a glossy sheen finish.
10. Curtains that let the light in
Credit:
Reviewed / Jinchan / Home Decorators Collection
Don’t forget to upgrade your windows with the rest of your home.
After years of embracing colorful lights inside your home with sunset lamps and smart bulbs, it’s time to embrace your home’s natural light.
To let in all the light possible, reassess your curtains—without sacrificing privacy. Instead, try keeping shades on just the bottom half of your windows. Short cafe curtains, like these striped ones from Amazon, are cute and allow light to drift in, creating a sense of airiness in your home.
If you don’t want to abandon blinds, install top-down-bottom-up blinds that are light-filtering and also allow greater flexibility of coverage.
Striped Tier Curtains
Pinstripe curtains that can make any kitchen look farmhouse-chic? We’re sold.
Cordless Light Filtering Cellular Shades
Filter light to your liking with these cordless shades.
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By: Rob Chrisman
Fri, Feb 16 2024, 10:42 AM
It was a sad day earlier this week for anyone who likes food out of a toaster as the inventor of Pop-Tarts passed away at age 96. (Yes, Pop-Tarts were invented… they don’t grow naturally in the wild.) Something else that isn’t found naturally is airline seat pricing. We’re in mid-February, and conference activity will increase, and families will start thinking about summer vacations. That often means flights. Prices do go up significantly 21, 14, and seven days before a flight, so keep that in mind. (For anyone who is genuinely interested, here’s an easy to read scholarly article on the awkward way in which airlines set seat prices.) And while we’re talking about dollars, recent Commentaries have mentioned the shift in regional manager’s pay to more profit-based rather than strictly volume, as well as how it is illegal to pay LOs on profits under TILA’s LO Comp Rule. Addressing management pay, attorney Steve Lovejoy with Shumaker Williams pointed out that, “If the branch manager is a producing manager, meaning he/she originates, or so much as talks to consumers, their compensation cannot be based on profitability of a loan, the branch or the company.” (Today’s Commentary podcast can be found here and this week’s is sponsored by Lender Toolkit and its AI-powered AI Underwriter and Prism borrower income automation tools. By providing lightning-fast underwriting decisions, your market reputation with borrowers and Realtors will soar, which means more repeat and referral business. Hear an interview with Figure’s Anthony Stratis on trends in home buying and the HELOC space.)
Lender and Broker Services, Products, and Software
Technology and operations leaders: what’s better than a free consultation from a mortgage tech expert? Getting the advice of six. That’s what’s in store if you join “Strategies to Master the Market Now with the Right Mortgage Technology,” next Wednesday, Feb. 21, at 2 pm ET. This free webinar, co-sponsored by Floify and Truv, Christy Soukhamneut, chief lending officer at UFCU; Raven Johnson, VP business systems at Legacy Mutual Mortgage; Craig Ungaro, COO AnnieMac Home Mortgage; features Jodi Hall, founder & CEO of DandaRoad, LLC; Richard Grieser, vice president of marketing at Truv; and Sofia Rossato, president & GM of Floify. Click here to register.
To gain the repeat, referral and refinance business coming in 2024, many lenders are beginning to think like a healthcare provider. Similar to a patient portal for health management, what if you could offer a home care portal that assists homeowners in managing their home? Milestones offers home finance insights, home improvement suggestions, storage for home records, and direct access to home service providers in one portal that is completely white labeled to you. Learn how to keep your lending products and partners top of mind with Milestones.
TPO Products for Brokers and Correspondents
Merchants Bank of Indiana continues to grow and recently announced the addition of a Mini-Correspondent offering to its BCU Mortgage Services platform. BCU Mortgage Services offers a dedicated Wholesale and Mini-Correspondent channel to Banks and Credit Unions. If you are a financial institution tired of Investor churn, check out Merchants. They are a strong and committed counterparty. Having recently reached $17 Billion in assets, they continue to leverage their diversified business model to grow market share and assist their lending partners. In addition to BCU, they also offer a full Correspondent Lending platform to Banks and IMBs offering Non-delegated and Delegated underwriting. Their commitment goes further, they are a top 3 Warehouse provider and are looking to grow their retail footprint. Contact Ron Berry, Retail Sales Leader to learn more about their LO opportunities. Contact Rob Wilson, Correspondent Sales Executive to learn more about their Correspondent or BCU Mortgage Services offering for Financial Institutions.
Rocket Pro TPO is continuing to support broker partners by providing professionally designed marketing toolkits & customizable flyers tailored to brokers’ specific needs, saving time and effort. For first-time homebuyers living within the 21 eligible metros, Rocket Pro TPO’s Purchase Plus product has no AMI limits and provides a $5,250 grant assistance which can be a powerful benefit paired alongside the customized open house flyers. Recently at IGNITE Live, Rocket Pro TPO announced that by utilizing Credit Upgrade, broker partners were able to save clients a combined total of over $21 million in 2023! Those are savings clients and brokers alike would all want to contribute to in 2024. Interested in learning more about a Broker or Non-Delegated Correspondent partnership? Contact Rocket Pro TPO to learn more.
“Transform your brokerage with The Loan Store, a catalyst for broker owners in pursuit of seamless growth. Picture your loan officers effortlessly earning a remarkable 200 basis points with minimal effort, ensuring unwavering borrower engagement amid market fluctuations. Our forte lies in lightning fast HELOC closings, no appraisals, no processing headaches, and approvals in minutes. Our pledge is simple: empower your team to focus on cultivating relationships. By streamlining the loan process, we empower your loan officers to outpace the competition in today’s dynamic landscape. The Loan Store stands as your ally, propelling your brokerage to unprecedented heights where speed, efficiency, and remarkable earnings effortlessly converge. Ready to redefine success? Connect with us or explore our website to embark on a journey of unparalleled success with The Loan Store.”
Exciting times lie ahead for American Financial Resources, LLC (AFR) as the recent change in ownership to a fund led by members of Proprietary Capital, LLC is now finalized. Keen observers may have noticed changes in pricing, and this trend’s expected to continue. AFR, known for its excellence in specialized loans, is poised to elevate its position even further. The infusion of capabilities from the expertise from the team at Proprietary Capital opens doors to broader product development, execution, and market growth. While AFR will remain a leader in specialized loans, the discerning eye will observe a notable expansion beyond the specialty niche. This ownership change marks the beginning of a new era for AFR, promising enhanced offerings and a commitment to the experience of our customers in all channels. Stay tuned for a journey of growth and innovation with AFR at the forefront. Contact AFR Today!, 1-800-375-6071.
Now that we’ve entered the new year, it’s time to set new goals and meet updated production targets. Axos Bank’s Wholesale & Correspondent Lending program offers unique financing solutions to help you reach those goals. Qualify more buyers with Pledged Assets for loans of up to $30MM Closed-End Seconds with a CLTV of 85%, buy-before-sell options, and Reverse Exchanges. For more information, reach out to your AE. Don’t miss our free webinar, Buy Before Selling Options, on Feb. 20, for valuable mortgage origination tips to help you reach your goals. Our Axos Residential Warehouse Lending team is also available to provide strategic direction and support your business growth. Schedule a call today! Email Eric Nelepovitz or call the Warehouse Lending team at 888-764-7080 to learn more about our warehouse program.
STRATMOR’s Customer Experience Workshop
It’s the CONSUMER experience that matters most… Price, product and technology only go so far in driving profitable relationships for banks and lenders. So how is your company employing customer experience strategy to drive revenue growth in today’s challenging market? Join STRATMOR Group customer experience experts and peer lenders March 12-14 for the three, two-hour-session virtual Customer Experience Workshop to learn how to optimize your loan processes to maximize repeat and referral business and achieve your growth goals. This highly interactive virtual workshop is designed to give lenders specific, actionable ideas to optimize the customer experience and create raving fans, especially in challenging market conditions. Click here to learn more and reserve your spot today.
Capital Markets
The Bank of Oklahoma’s trade desk reminded everyone who deals with margin requirements that FINRA 4210 is coming, effective May 22, 2024. “We want to make it clear to our originator clients that BOK is not subject to FINRA’s 4210 rule. We are a bank dealer that is governed by the OCC, not FINRA.”
A common email that I am receiving now from lenders is, “Is the economy hot or cold. Which way is it pushing rates?” Mortgage rates are inching up after reports of hotter-than-expected inflation data showed continued strength in the U.S. economy. The Federal Reserve doesn’t set mortgage rates, but with inflation still over its 2 percent target alongside a robust job market, the market continues to focus on when the Fed will start cutting its benchmark interest rate, which is currently keeping mortgage rates elevated.
The 30-year fixed-rate mortgage averaged 6.77 percent as of Feb. 15, according to data released by Freddie Mac and up 13 basis points from the previous week. (One basis point is equal to one hundredth of a percentage point.) Mortgage rates were last at this level in mid-December when rates fell below 7 percent for the first time since August. For perspective, a year ago, the 30-year mortgage rate was averaging 6.32 percent. So, the economy has been performing well so far this year and rates may stay higher for longer, not helping the spring homebuying season or production numbers.
That said, a drop in U.S. retail sales yesterday helped soothe traders’ nerves about an overheated economy after this week’s inflation print came in above expectations. Retail sales declined 0.8 percent month-over-month in January compared with a 0.2 percent downwardly revised decline in December. Factory production decreased in January for the first time in three months, pointing to a loss of momentum. These reports were unduly influenced by weather-related issues over the course of the month. Weekly jobless claims also unexpectedly declined by 8k to 212k, indicative of a growing economy. However, the rising level of continuing jobless claims displayed the challenge in currently finding a new job after a layoff.
Today’s economic calendar contains some first-tier data, including the producer price index, which will be closely watched as it should help define the Fed’s next steps. PPI in January, +.3 percent, ex food and energy +.5 percent, versus expectations of increasing 0.1 percent month-over-month and 0.7 percent year-over-year. We’ve also had housing starts (-14.8 percent, but thought to be weather-related!) and building permits (-1.5 percent), seen increasing to 1.465 million and 1.510 million from 1.460 million and 1.493 million; later is the preliminary February Michigan sentiment number. Three Fed speakers are currently scheduled to close out the week: Richmond President Barkin, Vice Chair for Supervision Barr, and San Francisco President Daly. We begin the day with Agency MBS prices worse .250 than Thursday evening, the 10-year yielding 4.31 after closing yesterday at 4.24 percent, and the 2-year at 4.67.
Employment
Kind Lending, LLC is pleased to announce that Will Fisher has joined Kind as the Executive Vice President of Non-QM. Will brings with him over 11 years of experience in building and designing Non-QM platforms and products. He has served in executive roles at LoanStream where he successfully built a non-QM-focused operations and sales teams. Additionally, Michael Falce has joined the team as the Director of Capital Markets, Non-QM Division. He boasts an award-winning background in Non-QM lending spanning over 15 years, with a strong focus on Capital Markets. Kind Lending is extremely excited for the experience and skills that both Will Fisher and Michael Falce bring to the team and the direct contribution they will have in the continued focus and growth of Kind’s in house Non-QM product offerings. To learn more about opportunities at Kind Lending, visit us here.
Steve Adamo, President of Residential and Consumer Lending looks to continue to expand OceanFirst Bank’s Residential Lending division. In 2023, the Bank saw top producing Loan Officers join the team as well as expanding its geography in the new metropolitan market of Washington D.C. OceanFirst Bank blends the benefits of an independent mortgage company with the stability of a banking environment. The Bank provides their Loan Officers with a strong portfolio, direct agency lending, retained servicing, innovative marketing and technology products and services, and the ability to lend nationally as a National Association bank. Additionally, our NeighborFirst program has benefits such as a low-down payment, no Private Mortgage Insurance (PMI), and no LLPAs based on credit score or loan amount. Contact John Costa, Senior Vice President and Head of Mortgage Sales or 609.444.6121 to take your business to new heights. FDIC | Equal Housing Lender | Equal Opportunity Employer
US Mortgage Corporation proudly celebrates 30 years of unwavering excellence. Founded by Steven A. Milner on February 17, 1994, the company has evolved into a national leader in the mortgage sector and continues to invest in growth fueled by its deep ‘YOU&US’ Culture and commitment to its Mission that ‘everyone deserves a roof over their head’. From its inception, US Mortgage has been committed to transforming homeownership dreams into reality. It’s remarkable journey from a local lender to a nationally recognized mortgage leader has been propelled by the trust of its amazing team who focuses on longevity through putting others first. US Mortgage is thrilled to announce an ambitious expansion plan that underscores their commitment to growth. “As we celebrate 30 years of excellence, we are energized by the possibilities that lie ahead. Our expansion signifies not just growth but an unwavering commitment to serving our clients, referral partners, and each other with the highest standards of professionalism,” said Steven A. Milner. For info, contact: Mike Veli, VP of Strategic Growth.
I have not conducted a formal study of the matter, but it seems like few people actually retire from our business. Many hang on, doing their jobs or consulting into their 70s or even 80s. Not so with Susan Semba of the Idaho Housing and Finance Association who is retiring after 40 years in the trenches. Susan has supported her local MBA Chapter, Idaho Mortgage Lenders Assoc., for 30+years included being President, chairing the Pacific NW Lenders Conference, and always willing to be a speaker. She has been a mentor and strategic partner for HFAs across the country. As Susan heads to Las Vegas for a little golf Chuck Kracht will assume the role of VP of Homeownership Lending and Servicing. Congratulations all the way ‘round.
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