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September 20, 2023 by Brett Tams
Apache is functioning normally

Looking for jobs where you work alone? If you’re an introvert or simply want minimal human interaction, here are 40 ideas.

Looking for the best jobs where you work alone? If you’re an introvert or simply want minimal human interaction, here are 40 ideas.

With there being so many different types of jobs out there nowadays, more and more people are looking for jobs where they can be by themselves, away from the busy office or customers. They find comfort in jobs where they can do tasks on their own, letting them really concentrate and do well in what they do best.

For me, I have worked mostly alone for over a decade now, and I wouldn’t change it for the world. I enjoy the flexibility of working on my own and having less stress.

Jobs that let you work this way are usually appealing to introverted individuals, those who like a calmer setting, or people who just work better with more independence.

Knowing which jobs let you work alone is really important for those who want to find the right mix of being on their own and getting things done well.

Top Jobs Where You Work Alone

There are 40 jobs where you can work alone listed below. If you want to skip the list, here are some jobs that you may want to start learning more about first:

Benefits of Jobs Where You Work Alone

More and more people are looking for jobs where they can work alone, and I get it! I have been working mostly alone for over a decade and I really love it.

After all, a person spends so much of their time working, so you might as well like what you’re doing. If you’re an introvert, or if you like working by yourself, there are jobs where you can do just that.

Some of the positives of working alone include:

  • Less stress if you’re an introvert – If you’re an introvert, then you may feel stress when working with other people, such as coworkers and customers.
  • Getting more stuff done in less time – Working alone may mean that you can complete your tasks faster because there are fewer distractions.
  • Having a more flexible schedule – Some jobs where you work on your own sometimes let you choose when you want to work, as long as you get the work done.

If you’re looking for jobs where you work alone, think about what you’re good at and what you enjoy (and also think about what you don’t like!).

40 Jobs Where You Work Alone

Below are 40 jobs where you can work on your own. The jobs below range from earning a part-time to a full-time income too.

1. Proofreader

Proofreaders check and edit written content for errors and inconsistencies, and this job requires strong attention to detail and excellent grammar skills.

If you’re good at paying close attention to details, then proofreading could be an ideal work-alone job for you.

Authors, website owners, and students often hire proofreaders to improve their work. There’s a high demand for proofreaders, and you can find jobs through many different platforms.

Even the most skilled writers can make mistakes in grammar, punctuation, and spelling. That’s why hiring a proofreader can be very helpful for pretty much anyone and everyone.

If you want to find online proofreading jobs, I recommend joining this free 76-minute workshop focused on proofreading. In this workshop, you’ll learn how to begin your own freelance proofreading business.

Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).

2. Virtual Assistant

One of my first side jobs was as a virtual assistant and it was a fun and flexible way to earn income. While you do have a boss when you are a VA, a lot of the tasks that you do will require you to take charge and complete them by yourself in your own home.

A virtual assistant is someone who helps people with office tasks from a distance. This could be from your home or while you’re traveling. It might include things like replying to emails, setting up appointments, and managing social media accounts.

This job can pay you more than $50,000 each year.

If you want to find part-time or full-time virtual assistant jobs, I recommend joining the free workshop called “5 Steps To Become a Virtual Assistant“.

Recommended reading: Best Ways To Find Virtual Assistant Jobs

3. Bookkeeper

Bookkeepers are people who keep track of all the money-related things for businesses such as writing down sales, keeping a record of expenses, and making financial reports.

This is a job where you can work alone and a typical salary is $40,000+ each year. Plus, you’ll mainly be dealing with numbers and not people.

You can join the free workshop that focuses on finding virtual bookkeeping jobs and how to begin your own freelance bookkeeping business by signing up for free here.

Recommended reading: How To Find Online Bookkeeping Jobs

4. Blogger

Blogging is a great way to make money while working on your own. It’s one of the reasons I really enjoy it, haha! I get to work by myself, for myself, and I can pick the projects I want to work on.

As a blogger, you write content for others to read online. You get to choose what you want to write about as well as how you want to make money blogging because there are so many different options (like affiliate marketing or displaying ads).

You can begin a successful blog about a specific topic like finance, travel, lifestyle, family, and many others.

Blogging is my main source of income, and it has completely transformed my life. I have the freedom to travel whenever I want, set my schedule, and be my boss.

Since I began Making Sense of Cents, I’ve made more than $5,000,000 from my blog. I earned this money by working with companies through sponsored partnerships, affiliate marketing, display ads, and selling online courses.

Learn more at How To Start A Blog FREE Course.

5. Delivery Driver

Delivery drivers pick up and drop off packages. And, they get to work by themself most of the time as they are in the vehicle alone.

A delivery driver may drive a car, truck, or even a bike, depending on the company they work for. They don’t usually have a boss watching them all day nor have to deal with very many customers for long periods.

6. Book Reviewer

Book reviewers read books and share their thoughts in book reviews.

There are websites where you can get paid for sharing your thoughts about books and you may earn money through PayPal or a bank transfer, and sometimes you get to keep the book you reviewed.

They don’t just want positive reviews either, they want to know what you really think! You see, authors and publishers like to send out free copies of their books so that they can get honest opinions. Just like us, they know it’s helpful to read reviews before deciding if a book is worth the time.

Some sites that pay for book reviews include Online Book Club, Kirkus Media, and BookBrowse.

Recommended reading: 7 Best Ways To Get Paid To Read Books

7. Deliver RVs or Cars

You can earn money by traveling across the country and delivering vehicles for people and dealerships. Sometimes you’ll be towing the vehicle, and other times you’ll be driving it.

If you want a job with minimal human interaction, this can be a good one to look into as you are mostly by yourself. You simply pick up the vehicle, drive by yourself, and then drop it off.

For this job, you need to have a clean driving record. Those who do this type of work can earn around $300 to $400 (or much more!) for each vehicle they deliver. It depends on the distance they are traveling and what is being transported.

8. Digital or Graphic Designer

A graphic designer is someone who creates designs for others, such as people and businesses.

As a digital designer, you may be making things like images, printables, planners, t-shirt designs, calendars, business card designs, social media graphics, stickers, logos, and more.

Recommended reading: How To Make Money As A Digital Designer

9. Pet Sitter and Dog Walker

Pet sitters and dog walkers take care of pets while pet owners are away, such as on vacation or in the hospital. Some of the tasks include feeding, taking dogs for walks, and playing with them.

You might have pets come to your home or you can go to their owner’s place (this is something that is agreed upon beforehand). Dog walkers earn around $20 for every hour walking a dog. Looking after someone’s pet overnight can earn a person around $25-$100+ or even more each day.

I have personally paid a person to watch my dogs overnight in their home $100 a day. She was so wonderful too and my dogs loved her.

Now, with this job, you’re not working entirely alone, because you will be with pets. But, they can be great friends and companions!

Rover is a company you can sign up with and list your dog walking and pet sitting services.

10. House Cleaner

House cleaners make sure homes and businesses are nice and clean. They might work alone or with a small group. They can earn between $25 to $50 an hour for cleaning for others.

You can work for a cleaning company, but you’ll likely make more money if you have your own business.

Starting this kind of business isn’t expensive because you likely already have the cleaning supplies you need. You can advertise your services on Facebook, tell your friends and family, or make an account on Care.com.

11. Transcriptionist

An online transcriptionist’s main task is to listen to video or audio files and then type out everything that is being said, a process known as transcribing. The aim is to accurately write down what is heard, without any mistakes in spelling, grammar, or punctuation.

There are many different types of transcriptionists as well – legal, general, and medical transcriptionists.

This job requires strong typing and listening skills, and you can work from home all by yourself.

Online transcriptionists earn around $15 to $30 per hour on average, with new transcribers on the lower end of that.

A helpful free resource to take is FREE Workshop: Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.

Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly

12. House Flipper

House flippers buy, renovate, and sell properties for a profit. This job involves managing renovation projects, and you can work alone or with a small crew.

House flipping is when someone buys a property at a lower price, fixes it up (like painting, redoing the kitchen, and improving the outside appearance), and then sells it for more money to make a profit. This is done to make a quick return on the investment.

Recommended reading: 10 Best Books on Flipping Houses To Make Money

13. Grocery Shopper

Grocery shoppers buy groceries for people like you and me, offering a helpful service for those who don’t have the time or can’t shop on their own. You’ll work on your own and talk to clients through an app on your phone.

One service you can easily sign up with to become a grocery shopper is Instacart. This is a popular site for people who want to make extra money by shopping for and delivering groceries.

Instacart shoppers make money from a mix of base pay, tips from customers, and sometimes bonuses or rewards (like for finishing orders during busy times).

You can sign up here to get started as a grocery shopper with Instacart.

Recommended reading: Instacart Shopper Review: How much do Instacart Shoppers earn?

14. Affiliate Marketer

Affiliate marketers share products or services with their followers for a commission. You do this by placing a referral link on your website, blog, or social media (like Instagram). When people use that link to buy something, you then get a commission.

For example, if you share a link to a book on Amazon and someone buys it through your link, you make some money. Companies like Amazon want people like you to help them sell things, so they’re happy to work with you as it helps them.

If you get someone to sign up through your special link, the company gives you a commission for telling others about their product. It’s like a little thank-you for your help!

This is one of my favorite jobs where you work alone from home, and what I do full-time!

Click here to get Affiliate Marketing Tips – Free eBook.

15. Flea Market Flipper

Flea market flippers find underpriced items at flea markets, yard sales, and thrift stores, then resell them for a profit. This job requires a good eye for valuable items and the ability to research market value.

Finding items to resell may be one of the best jobs to work alone on this list because we all have things in our house we could probably sell. Plus, there are always things that you can buy for a low price and possibly resell for a profit.

If you are looking for work-alone jobs, this is a great one to look further into.

I recommend signing up for this great webinar, Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days, that will help you learn how to make money by flipping items as well.

16. Sell Printables on Etsy

Creating and selling digital printables on Etsy is a great way to work independently and earn money.

Making printables can also be a pretty hands-off job since you only have to create one digital file for each product, and you can sell it as many times as you like. It’s quite affordable to start because you only need a laptop or computer and an internet connection.

Printables are digital items that customers can download and print at home. They can include things like bridal shower games, grocery shopping checklists, budget planners, invitations, printable quotes for wall art, and patterns.

I recommend signing up for Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

17. Mechanic

Mechanics diagnose and repair vehicles, working independently or in small shops. Strong problem-solving skills and knowledge of automotive systems are important.

Being a mechanic is a job where you often work on your own. While they might work in a garage with other mechanics, they often have their own tasks to do. They need to be really careful and pay close attention to make sure everything gets fixed just right.

18. Dog Treat Baker

Do you really like dogs? If you do, here’s a way to work mainly alone and make an extra $500 to $1,000 or even more each month.

You don’t need to know how to bake beforehand, because you can learn this skill. You can make special treats like cupcakes, cookies, cakes, and more, all for dogs.

You can sign up for this free training workshop that shows how to start a dog treat bakery.

You can learn more at How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).

19. Amazon Seller

Selling items on Amazon is a job where you work alone (mostly) and don’t have to deal with customers face-to-face.

Even if you’re new to selling on Amazon, you can make money by selling household goods, books, electronics, and more.

If you’re interested in learning about starting an Amazon business, you can join this free training that will teach you how to sell products on Amazon and make around $100 to $500+ each day.

20. Stock Photo Photographer

Stock photo photographers work on their own, and this job can be done without talking to anyone for the most part. Almost all of the tasks can be done with just a camera and then uploading photos on a site.

Stock image sites are some of the most popular ways for photographers to sell their pictures. These are sites where customers can buy pictures for websites, TV shows, books, social media accounts, and more. There are stock photos that I have purchased within this blog post that you can take a look at to see an example.

One great thing about stock photo sites is that they can be a great form of passive income. You can take pictures, upload them, and earn money from an older photo for months or even years in the future. There is no need to talk to anyone as everything is online and mostly automated.

Some stock photo websites include Shutterstock, iStock, DepositPhotos, and Dreamstime.

Recommended reading: 18 Ways You Can Get Paid To Take Pictures

21. Social Media Manager

Social media managers post on social media accounts for businesses and their goal is to bring in new customers and help a business grow.

Social media managers may post a picture or a video of a product or the company, join in a viral trend to get more views (such as on TikTok), answer common questions from customers, and more.

This includes social media platforms such as TikTok, Pinterest, Instagram, Twitter, and Facebook.

Salary can vary, and this job can be done part-time or full-time.

22. Landscaper

A landscaper improves and maintains outdoor areas, such as by taking care of the lawn, planting flowers, or even renovating a whole outdoor area (such as to make it more enjoyable to sit outside and have company).

If you’re interested in jobs where you work alone outside, this is one to consider as you will be outdoors and working on your own a lot. Customers may talk to you occasionally, but you are mostly by yourself.

Landscapers work at houses, apartment complexes, businesses, or somewhere else.

23. Data Entry Clerk

Data entry clerks enter, update, and check information in databases or spreadsheets. They type information such as numbers and names into computers to keep things organized and recorded.

This job can sometimes be done remotely and alone, with minimal supervision or interaction with customers.

Data entry jobs typically pay around $15-$20 an hour.

24. Editor

Editors review and improve written content for clients and they usually work on their own as most of their time is spent editing content.

Their job is to read articles, blog posts, advertising, books, and more to make them better. They fix any mistakes in grammar or spelling and help the words flow smoothly.

Editors typically earn anywhere from $40-$60+ an hour.

25. Freelance Writer

Freelance writers write content for clients, such as blog posts, advertising, and more. Freelance writing jobs where you work by yourself are common as you’ll be given a topic to write about from the client, and when you are done you may be given some feedback (such as paragraphs to improve or add to). But, that is usually as much human interaction as you’ll get if you want.

You can find different writing jobs on platforms like Upwork and Fiverr, or even find clients on your own.

I was a freelance writer for many years before switching to working full-time writing here on Making Sense of Cents. It is a great career path where you can work from home mostly by yourself.

Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)

26. Translator

Translators convert written content from one language to another, requiring fluency in at least two languages. Freelance and remote opportunities are available.

If you know another language, you might be able to find a work-from-home job where you can earn money by reading books and translating them. Another option is to get paid for proofreading or editing translated books to ensure they read smoothly and accurately.

There are lots of places you can find translation jobs, such as UpWork, Babelcube, Today Translations, Ulatus, Fiverr, and more.

27. Computer Programmer

Computer programmers write and maintain computer software, often working alone on projects.

They use coding to tell computers what to do and create all sorts of things like apps, games, and websites.

28. Canva Template Designer

Creating and selling Canva templates online allows you to work alone.

A Canva template is like a ready-made design that you can use for things like making posters, Pinterest pins, ebooks, or presentations. It’s like having a helpful starting point if you’re not super good at designing things from scratch. Canva templates come with empty spaces where you can put in your own words and pictures and you can also change colors and fonts to make them just how you like. They’re really helpful for people who want their things to look nice without spending a lot of time on it.

Making and selling Canva templates can be a great way to earn extra money as you only need to create them once, and then you can sell them as many times as you like.

Recommended reading: How I Make $2,000+ Monthly Selling Canva Templates

29. Voice Over Actor

A voice-over actor is the person whose voice you hear but don’t see in YouTube videos, radio ads, educational videos, and more.

Voice-over actors many times work right from their own homes!

Voice actors don’t need experience for this job (eventually, it does help, yes). Instead, they need to have a voice that the company is looking for.

Recommended reading: How To Become A Voice Over Actor And Work From Anywhere

30. Truck Driver

Truck drivers are people who move things from one place to another. To do this job, truck drivers need a commercial driver’s license (CDL). This job often involves working by yourself for long hours.

The salary for a truck driver can depend on things like what kind of items they’re moving and the miles they have to drive. Usually, they can make between $45,000 and $75,000 or even more in a year.

31. UPS Driver

UPS drivers deliver packages to people’s homes and businesses. They do this mostly on their own, in their trucks by themselves.

UPS drivers make a good income and they earn about $30-$45 per hour or even more, depending on how many years they have worked at UPS and where they work.

32. Security Guard

Security guards protect property and/or people, and they usually work alone.

A security guard’s salary depends on things like where they work, how long they’ve been doing the job, and what exactly they have to do. Usually, they can make between $25,000 and $35,000 in a year.

33. Self-Storage Facility Owner

Self-storage facilities are where people store their belongings, like boxes of their mementos, vehicles, RVs, and more.

Owning a self-storage business can be a way to make money and run a business with low expenses, plus they typically only have a couple of employees.

Many of the times when I’ve been to a self-storage lot, it’s been just the owner or an employee of theirs working. There are almost no customers either.

Recommended reading: How To Invest In Self-Storage For Beginners

34. Laundromat Owner

Similar to a self-storage business, a laundromat typically does not have very many employees.

Running a laundromat can be a way to make money, with low costs, as most things are automated (the washer and dryer machines do all of the washing).

Recommended reading: Are Laundromats Profitable? How Much Do Laundromats Make?

35. Get Paid To Text

When getting paid to text, you will many times be talking to someone else, but it is all done through text messages.

Some jobs may include:

  • Text Therapy or Coach
  • Answering questions, such as if you are a mechanic, doctor, lawyer, veterinarian, home expert, appraiser, computer expert
  • Customer support

Recommended reading: 28 Ways To Get Paid To Text And Make Money

36. Survey Taker

Taking online surveys and answering questions for focus groups is not a full-time job, but it can be a way to make some extra money.

You share your thoughts and answer straightforward questions, and in return, you can receive cash or rewards such as Amazon gift cards.

The survey companies I recommend signing up for and the best-paying survey sites include:

  1. American Consumer Opinion
  2. Survey Junkie
  3. Swagbucks
  4. InboxDollars
  5. Branded Surveys
  6. Pinecone Research
  7. Prize Rebel
  8. User Interviews – These are the highest paying surveys with the average being around $60.

Recommended reading: 18 Best Paid Survey Sites To Make $100+ Per Month

37. Twitch Streamer

Twitch is a site where you can make money playing video games, talking online in a live stream, and more. A streamer may be able to make money from their own home and all alone. Yes, they do need to be live recording their life, but they are their own boss.

There are many ways to make money on Twitch such as with paid subscriptions, display ads, selling merchandise (like t-shirts and mugs), and more.

Some of the most successful Twitch streamers make hundreds of thousands or even millions of dollars each year, but, it’s important to know that most don’t earn much at all.

Recommended reading: How Much Do Twitch Streamers Make?

38. Litter Cleanup Worker

If you own a business, it’s important to keep your place clean and tidy. Nobody likes to see trash lying around, right?

That’s why some business owners are happy to pay for someone to clean up before their business opens for the day. A clean area makes the place look nice and welcoming for customers.

This business can be started all alone and earnings on average are about $30 to $50 for every hour you work. It’s pretty simple too. You’ll just need a broom, a dustpan, and some tools to help you pick up litter easily. It’s almost like taking a stroll while you work! Plus, you can choose when you want to do it, so it can fit nicely into your schedule.

Recommended reading: How I Started A $650,000 Per Year Litter Cleanup Business

39. Google Rater

A Search Engine Evaluator, also known as a Google Rater, is a person who looks at websites and blogs and gives them a score based on how good and helpful they are for Google.

You don’t need to be a tech expert or have a fancy background for this job. Google actually wants regular people, just like you, to rate websites. Plus, you can do this in your own language. Google works in lots of different countries, so you can help out right from where you are.

Recommended reading: How To Become a Search Engine Evaluator

40. Actuary

An actuary is a financial expert who helps businesses figure out and manage their money-related risks, such as for insurance, pensions, and investments.

They use mathematics and statistics to forecast what might happen and help companies make smarter financial decisions.

Actuaries can earn a good salary, and as they get more experience and pass more exams, they can make even more money. Depending on where they work and how experienced they are, actuaries earn average salaries of anywhere between $70,000 to well over $100,000 each year.

Frequently Asked Questions About Jobs Where You Work Alone

Here are answers to common questions about finding jobs where you work alone.

What are jobs with no interaction? What jobs allow me to work by myself?

Yes, there are jobs where you don’t need to talk to people a lot. For example, being a night shift security guard, a transcriptionist, or a stock photo photographer.

How can I work alone from home?

There are jobs where you can work alone at home such as being a blogger, a transcriptionist, or a computer programmer.

What are jobs where you work alone with no degree?

Many jobs don’t require bachelor’s or master’s degrees (a high school diploma will work for many on the list above) and offer the opportunity to work independently. Mowing lawns, painting houses, repairing cars, or walking dogs often don’t require formal education and focus more on skills and experience.

Which part-time jobs are best suited for solitary workers?

Many of the jobs in this blog post can be done part-time, such as any of the freelance jobs, house cleaning, dog walking, and taking surveys. That is one of the joys of many of the jobs above – you can choose your schedule.

What trade jobs can one perform independently?

Trade jobs that you can perform independently include carpentry, welding, or plumbing. These professions usually require specific skills or certifications but may offer opportunities to work alone.

Are there any tech jobs ideal for people who prefer to work alone?

Yes, there are tech jobs that can work well for people who want to work on their own such as web developers, software engineers, or data analysts. These roles usually involve solving problems and working independently, though there might be some instances where collaboration is needed from time to time.

What jobs can be done in isolation with no experience required?

Jobs such as house cleaning, taking surveys, and flea market flipping can be good places to start for entry-level jobs.

How can I find work-alone job opportunities near me?

To find work-alone job opportunities near you, try perusing local job boards, classified ads, or online sites like Indeed or LinkedIn. You can also network with people in your community or join online forums related to your interests to find jobs.

Jobs Where You Work Alone – Summary

I hope you enjoyed this article on jobs where you work alone.

These jobs are like a safe space for people who like being by themselves. It’s a place where you can really concentrate and do your own thing with low social interaction. Jobs where you work alone often appeal to introverts and individuals who require fewer distractions.

Jobs like writing, coding, and freelancing let you work on your own. Not everyone may like working alone, but for those who do, it can be a lot less stressful and overwhelming.

I have been working mostly on my own for years now, and I really love it!

Do you want to find jobs where you work alone?

Source: makingsenseofcents.com

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Apache is functioning normally

September 19, 2023 by Brett Tams
Apache is functioning normally

If you’re in the market for purchasing a new home or taking on a business loan or personal loan, you’re likely finding it difficult to score the almost-2% APR we saw in 2020. That’s because the Federal Reserve has been hiking interest rates since March 2022 in an effort to cool inflation.

“The Fed has two objectives: To keep inflation low, their current obsession, and to keep unemployment low, which is of current lesser concern,” says Amy Hubble, a certified financial planner who has a Ph.D. in consumer economics. “In practice, this means they lower rates to incentivize growth and hiring, and raise rates to combat inflation when the economy gets overextended. This leads to a policy teeter-totter meant to balance out economic activity in the US.”

So the question remains: When will we finally see interest rates start to come down? CNBC Select asked three experts to give their take on what lies ahead for interest rates. Here’s what they had to say.

What we’ll cover

When will interest rates come back down?

Nobody outside of the Federal Open Market Committee (FOMC), the 12 men and women tasked with setting target interest rates, can predict with any certainty what will happen with rates and when. But that hasn’t stopped economists like Preston Caldwell, a senior U.S. economist for Morningstar Research Services LLC, from making their own educated guesses.

“I think rates will start cutting in early 2024,” Caldwell says. “I think inflation will be nearing the Federal Reserve’s 2% target at that phase and the economy will show signs of slowing, but it’s hard to predict.”

Other professionals in the space echo a similar vision. Hubble points to a recent FOMC report that includes committee members’ projections on gross domestic product (GDP) growth, inflation and the unemployment rate — all factors the Fed will weigh when deciding how aggressively to cut rates.

“All FOMC members believe that rates will be stable or higher through 2023 before slowly coming down in 2024–2025 to settle at a comfortable 2.5% for the longer-term,” she says.

Elliot Eisenberg, the Chief Economist at Graphs and Laughs agrees. “There was a belief that once the second half of 2023 came around, rates would’ve been lower than they were at the end of 2022,” he says. “But it hasn’t come down. These things take a long time to work their way through the economy, so sometime in 2024 sounds about right.”

However, he also warns that it’s hard to believe that we’ll see any interest rate cooling in 2023.  

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What should you do when interest rates go down?

Lower interest rates make borrowing money cheaper. That means all other factors (like your credit score) being equal, you’ll generally pay less in interest on any new student loans, personal loans, business loans and mortgages than you would during today’s high-rate environment. Existing loans with a variable rate may also start charging less interest as the Fed lowers interest rates.

That’s why waiting until interest rates come down before borrowing money for a large purchase — like a home — can be easier on your bank account. The current average mortgage interest rate on a 30-year loan is 7.98% even for borrowers with a credit score between 700 and 719. That’s a tough pill for a first-time homebuyer to swallow month after month as they pay their mortgage.

However, if holding off on getting a mortgage isn’t doable for you, make sure you improve your credit score before applying so you can qualify for an interest rate that’s as low as possible. Also consider choosing a mortgage lender that helps you save money throughout the process. Ally Bank, for instance, doesn’t charge any lender fees. And if you qualify for a Navy Federal Credit Union mortgage, you can get a home loan with no private mortgage insurance (PMI) requirements even if you make a down payment of less than 20%.

Ally Home

  • Annual Percentage Rate (APR)

    Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included

  • Types of loans

    Conventional loans, HomeReady loan and Jumbo loans

  • Terms

    15 – 30 years

  • Credit needed

  • Minimum down payment

    3% if moving forward with a HomeReady loan

Terms apply.

Navy Federal Credit Union

  • Annual Percentage Rate (APR)

    Apply online for personalized rates

  • Types of loans

    Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans, adjustable-rate mortgage

  • Terms

    10 – 30 years

  • Credit needed

    Not disclosed but lender is flexible

  • Minimum down payment

    0%; 5% for conventional loan option

You can also refinance your mortgage down the line during a lower interest rate environment so you can score a better rate on your loan. PNC Bank is one of the most accessible lenders because it has locations in all 50 states and customers can apply both online and in-person.

PNC Bank Mortgage Refinance

  • Annual Percentage Rate (APR)

    Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included

  • Types of loans

    Fixed-rate, adjustable-rate, FHA loans, VA loans and jumbo loans

  • Fixed-rate Terms

    10 – 30 years

  • Adjustable-rate Terms

    Available in periods of 7 and 10 years for a fixed rate, followed by an adjustment period when the interest rate may increase or decrease on an annual or semi-annual basis

  • Credit needed

    Not disclosed

Pros

  • Refinance available for primary and secondary homes, and investment properties
  • Offers a wide variety of loans to suit an array of customer needs
  • Offers refinancing for VA and FHA loans
  • Available in all 50 states
  • Online and in-person service available

Cons

  • Doesn’t offer home renovation loans

Lower interest rates can also have an impact on the APY you earn on your high-yield savings account. While buying a house or taking out a personal loan becomes more affordable during lower interest rate environments, you typically can’t earn as high an interest rate from the money in your deposit accounts.

That’s because banks use the Fed rate as a benchmark for yields on savings accounts. So when the Fed rate falls, the interest rate on your high-yield savings account will likely also decrease. Right now, some high-yield savings accounts, like the UFB High Yield Savings Account, are offering more than 5% APY on account balances.

UFB High Yield Savings

UFB High Yield Savings is offered by Axos Bank, a Member FDIC.

  • Annual Percentage Yield (APY)

    Earn up to 5.25% APY

  • Minimum balance

  • Monthly fee

  • Maximum transactions

    No max number of transactions; max transfer amounts may apply

  • Excessive transactions fee

  • Overdraft fee

    Overdraft fees may be charged, according to the terms, but a specific amount is not specified; overdraft protection service available

  • Offer checking account?

  • Offer ATM card?

  • Terms apply.

Even though we’re unlikely to see sky-high APYs stick around after the Fed lowers interest rates, it’s still worth keeping your money in a high-yield savings account even in a lower-rate environment. You’ll still grow your money faster in a high-yield account than with most traditional savings accounts, and it provides a safe, FDIC-insured place to keep your emergency fund.

Bottom line

According to experts, we aren’t likely to see significantly lower interest rates this year, but 2024–2025 is likely to see more progress on that front. Lower rates can make life easier for individuals who have been waiting to buy a house or take on other types of loans, even if savers won’t enjoy the high APYs that thrive in a world of high rates.

Meet our experts

At CNBC Select, we work with experts who have specialized knowledge and authority based on relevant training and/or experience. For this story, we interviewed:

  • Preston Caldwell, a senior U.S. economist for Morningstar Research Services LLC. 
  • Elliot Eisenberg, a chief economist and Graphs and Laughs.
  • Amy Hubble, a CFP with a Ph.D. in consumer economics.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of personal finance. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best mortgage lenders and high-yield savings accounts.

Catch up on CNBC Select’s in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

Source: cnbc.com

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Apache is functioning normally

September 18, 2023 by Brett Tams
Apache is functioning normally

Gracie Speer | Cartoonist

By Emma Weidmann | Arts and Life Editor

Living in a residence hall or apartment can make it hard to decorate. There’s minimal space, and you probably bought everything from Target — which makes it easy to coordinate colors but difficult to create a space that doesn’t look like “dorm central” threw up all over it.

Here are some of the best and worst design choices we make in college. If you find yourself guilty of some of these, it’s OK. We all make mistakes sometimes.

First, we have maybe the worst offender of all: navy blue sheets. Navy blue sheets aren’t so bad on their own, but it’s really the Megan Fox poster covering up the hole a gym bro punched in the wall that makes it a crime against interior design. Here’s an easy fix: Find a different color of sheets. Better yet, go ahead and buy a second set of sheets altogether. Navy blue and white stripes are a good middle ground — still simple, but just a step above.

Speaking of simple yet a step above, a nice area rug elevates your space faster than your grades dropped as a freshman. Make sure you choose the right size rug for your room so that it doesn’t disappear under the lofted bed you’ve fallen out of a few times, but also doesn’t take up the entire floor.

Next, we have two that go together like ramen and your $2 plastic bowl: LED strip lights and fake vines. If you have these, I want to quickly remind you to check your email to see if your SHEIN order has shipped yet. If not, that’s OK. It just gives you more time to film another thirst trap for your TikTok while you wait.

Chances are, if you have fake vines hanging behind your bed collecting dust and critters, you might have a tapestry on your wall as well. I’m not judging — I think tapestries make a great backdrop for reading your horoscope and going online shopping for another evil eye necklace. But here is what is written in the stars for you, Leo: It’s time for better wall art.

Not to worry. You can up your wall art game at very little cost. Start by framing the posters that are already on your wall to add a put-together touch to the room. Stock up on Command strips and make sure you secure those posters to the wall really well, unless you want to find yourself being smacked in the face by a flying picture of Harry Styles at 2 a.m.

At the end of the day, decorating your space is all about making your dorm room or apartment your home away from home. Buy what you want, hang what you want, but whatever you do, remember to sweep your floors every once in a while.

Source: baylorlariat.com

Posted in: Bank Accounts Tagged: 2, About, All, apartment, art, bed, best, blue, Buy, Choices, collecting, College, color, colors, coordinate, cost, crime, Decor, decorate, decorating, design, Dorm Room, Financial Wize, FinancialWize, first, floor, good, great, gym, hole, home, in, interior design, Life, lights, Living, Make, making, minimal, Mistakes, More, ok, online shopping, or, reading, right, room, second, sheets, shopping, simple, space, stock, target, TikTok, time, under, wall, white

Apache is functioning normally

September 14, 2023 by Brett Tams

Northwestern Mutual doubles down on commitment in the fight against childhood cancer, reignites social media #LemonTopChallenge for Childhood Cancer Awareness Month Company announces additional major investments toward cancer research and scholarships and enacts local activations MILWAUKEE, Sept. 14, 2023 /PRNewswire/ — Every day, more than 1,000 children worldwide are diagnosed with childhood cancer. Today Northwestern … [Read more…]

Posted in: Moving Guide Tagged: 2, 2023, About, advisor, age, All, annuities, assets, Bank, Benefits, best, Broker, brokerage, Children, co, College, color, communities, community, company, Consumers, contributions, country, Digital, director, Disability, education, engagement, experience, facebook, Family, financial, financial advisors, Financial Services, Financial Wize, FinancialWize, FINRA, foundation, Free, front, fun, fund, funding, Fundraising, future, gold, great, higher education, hours, ideas, impact, in, Income, industry, Instagram, Insurance, Investing, investment, investments, leadership, Learn, lessen, Life, life insurance, LinkedIn, Live, LLC, Local, long-term care, long-term care insurance, Make, making, Marketing, Media, member, money, More, neighborhoods, News, nm, or, plan, Planning, portfolio, portfolios, president, products, Professionals, program, programs, projects, protection, Raise, Research, savings, scholarships, security, september, SIPC, social, Social Media, spirit, student, summer, TikTok, title, Twitter, Video, wealth, wealth management, wi, will, work, Yard, young

Apache is functioning normally

September 14, 2023 by Brett Tams

A HOME decor whizz has revealed her three top hacks to transform your house from tatty to classy on a budget. 

Sharn Rayment has been renovating her tired North London home for years and has discovered the effortless techniques to totally revamp your pad for pennies using a lick of paint and bargain lights. 

4

Sharn has treated followers to three cheap and easy home decor tipsCredit: tiktok/@sharnshouse

4

She recommends changing your light fittings to something more classyCredit: tiktok/@sharnshouse

In her colourful video, she says: “Design tips to make your house look a bit less boring.

“Everyone’s got their own style but here are a few design features that I’ve put into my own house that I think make a huge difference.” 

The pink-haired lady has the most gorgeous house, decorated in pastel peach, blue, pink and green tones with fancy floor tiles and plush furniture all scored on a budget. 

First, she says, you need to paint your doors. 

“This is such an easy change and really elevates a lounge, bedroom or hallway,” she says.

“Matching your doors to your walls really ties it in with your space and elevates the whole feel.

“I even went half and half in our hallway to cleverly blend in with the walls.”

Next, it’s time to rethink your dated lights. 

Most read in Fabulous

“Please, for the love of God, change your light fittings,” she pleads, suggesting high street stores like Asda, B&Q and Dunelm for the best budget buys. 

“Nothing says ‘landlord special’ more than a white plastic light.

“You can get stylish lights anywhere quite cheaply and it makes it look like you’ve put so much more effort into a space.

“Obviously get a professional in to deal with any electrics if you need to.”

Finally, she advises us to rip out our boring skirting boards and go for a taller option.

“Short, characterless skirting boards give us absolutely nothing but the taller the skirting, the taller your walls and ceilings feel,” she says. 

“A bit of shape detail really adds that bit of flair back to a room. 

“Paint them the same colour as your walls to elongate your walls. Your whole room will look and feel so much grander.”

Everyone agrees that Sharn’s house is stunning but if her jobs seem overwhelming, you don’t have to do everything at once. 

Start small, and work your way up, she says: “Start with cheaper changes like paint colours. It can make a huge difference.

“As long as you do a good job, you’ll be fine and there’s absolutely no need to use gloss ever.” 

Fabulous will pay for your exclusive stories. Just email: fabu[email protected] and pop EXCLUSIVE in the subject line.

4

Get tall skirting boards and paint them the same colour as your wallsCredit: tiktok/@sharnshouse

4

Sharn’s pastel home has inspired hundreds of DIY fansCredit: tiktok/@sharnshouse

Source: the-sun.com

Posted in: Bank Accounts Tagged: All, bedroom, best, Blend, blue, boring, Budget, ceilings, co, Decor, design, DIY, doors, Features, Financial Wize, FinancialWize, first, floor, furniture, good, green, hacks, home, Home Decor, house, in, job, jobs, landlord, lights, Make, More, or, paint, peach, pink, read, renovating, room, short, space, stories, Style, TikTok, time, tips, US, Video, white, will, work

Apache is functioning normally

September 13, 2023 by Brett Tams

Marketing is an expense, but it can also be considered an investment in the success of your small business. When done correctly, it can build your brand, draw prospective customers to your website or store, and ultimately drive revenue.

To make the most of your marketing dollars and successfully promote your small business, you’ll want to avoid the following mistakes.

1. Not making market research a priority

Market research, one of the first stages in the marketing process, is used to confirm demand for your business’s product or service, identify its target market and assess competitors.

“If we think of marketing, it’s not only the promotion of services, the promotion only of products. It’s the creation of products. It’s the creation of services. It’s connecting with people,” says Islam Gouda, a marketing scholar and author. “As a small business, I want to understand how my customers are thinking about different aspects in terms of their wants or their needs.”

When researching your target market, consider the platforms and channels they frequent and market your business there.

”Make sure that you’re really focusing on how people are going to find you,” says Jennifer Fortney, president of Cascade Communication, a PR and marketing communications company based in Chicago. Beyond the largest, most popular platforms, Fortney suggests also looking into niche publications and local magazines.

2. Brand inconsistency

“Always have consistent branding across all your channels: your social media, your LinkedIn profile, your website, your brochures, your fliers, whatever it is,” says Vanessa Castillo Bell, a consultant for the Arizona Minority Business Development Agency. “Once you have consistent branding all across your channels, your customers will recognize your brand.”

Establish brand guidelines for the logos, colors, images and text you’ll use across your marketing materials. Consistent branding creates a brand identity that looks professional and can offer benefits such as increased customer trust and loyalty — which can all lead to higher revenue for your business.

3. Not having a clear website strategy

There are many platforms on which to market your business, but your website is especially important. “Businesses own their website. That’s their online home,” Castillo Bell says. Therefore, you have complete control over what information you provide and how.

Castillo Bell recommends learning search engine optimization (SEO) techniques and identifying keywords that your customers would use to search for your products and business. Including those keywords in blogs, newsletters, white papers, videos and other types of content marketing can help your website appear on search engine results pages and gain traffic. Optimizing your website for mobile — since many consumers search online using their phones — is another key step, Castillo Bell says.

You’ll also want to make important details about your business easily accessible to website visitors. “If you’re a local business, be very specific about your location, what areas you serve, and put all of that information on your website,” Fortney says.

Building an effective marketing strategy requires patience; however, a mistake many businesses make is that “they are looking for a quick process,” Gouda says. “They are looking to generate revenue on the spot. They do not wait for return on investment,” he says. Ultimately, “they confuse marketing and sales.”

In reality, the results from your marketing strategy may not be noticeable for months. Researching your target audience, creating consistent messaging in all your marketing materials and exploring free marketing ideas can all help you stay the course.

From Facebook and YouTube to Instagram, TikTok and many more platforms, social media is a great place to market your business. However, trying to build an online presence on multiple channels doesn’t guarantee success.

“Just because a social media outlet or a social media platform exists doesn’t mean you have to use it. If you stretch yourself too thin, you’ll do none of it well,” Fortney says. “Own one. Pick one that’s the best for your business and your product or service, own it.”

After you’ve become successful in managing one platform, consider whether you want to add another social channel to your marketing strategy.

6. Not utilizing free resources

Before paying consultants to help with your marketing strategy, “one resource you should take advantage of is your free agencies,” Castillo Bell says.

The U.S. Small Business Administration, Small Business Development Centers, Minority Business Development Agencies and community development financial institutions, as well as nonprofit organizations for women, minorities and veteran small-business owners, can all be good options when you need free or low-cost help with your marketing plan.

Source: nerdwallet.com

Posted in: Moving Guide, Small Business Tagged: 2, About, Administration, agencies, All, Arizona, author, Benefits, best, branding, build, building, business, chicago, clear, colors, communication, community, company, consultant, Consumers, content marketing, cost, Development, expense, facebook, financial, Financial Wize, FinancialWize, first, Free, good, great, home, ideas, in, Instagram, investment, keywords, LinkedIn, Local, low, magazines, Make, making, market, Marketing, Media, minorities, mistake, Mistakes, mobile, More, most popular, needs, nerdwallet, offer, or, Other, patience, place, plan, platforms, Popular, president, products, Promotion, Research, return, return on investment, Revenue, Running Your Business, sales, search, search engine, SEO, Small Business, Small Business Administration, social, Social Media, stay the course, target, TikTok, trust, visitors, wants, white, will, women, youtube

Apache is functioning normally

September 11, 2023 by Brett Tams

FOMO spending stands for “fear of missing out,” meaning you are dropping dollars to keep up with what others are doing. That might mean anything from trying the skincare product a favorite celeb swears by to dining at the super-pricey new omakase place all your friends are raving about or even signing your toddler up for an enrichment class because your neighbor says it’s a fab headstart.

The fear of missing out can change how many people relate to their cash. It can trigger impulsive and compulsive spending and lead to “splashing out” on things they never had any intention of purchasing. In other words, it can motivate them to live (too) large and wind up with pricey credit card debt and little progress towards their savings goals.

If you’re wondering how to stop FOMO spending, know this: It doesn’t mean subsisting on ramen and never traveling. It does mean being mindful and meaningful so you don’t get caught up in trying to match what your free-spending friends may do. Here, you’ll learn more about FOMO spending and how not to overdo it.

Wait, Back Up—What Is FOMO?

FOMO, or Fear Of Missing Out, is a feeling of anxiety someone might experience about not being part of an event that is happening, usually triggered these days by seeing social media posts from friends enjoying an activity (from a Taylor Swift concert to a holiday in Croatia) and wishing you were part of the fun. While it’s certainly true that businesses employ FOMO tactics to get you to buy things, it’s not just a sales strategy.

Nick Hobson Ph.D., says “While the fear of missing out has always been there, the explosion of social media has launched our young people headfirst into the FOMO experience.”

For many people, social media can be their main community lifeline, and having the impression that you are not part of the “in” group is enough to trigger a stress response like FOMO.

FOMO Spending Definition

So how is FOMO spending defined? It’s when a fear of missing out propels you to spend money (perhaps too much money) to feel as if you are part of the crowd and keeping up with your peers.

Examples could be feeling as if two far-flung vacations a year are must-haves because that’s what your coworkers do. Or perhaps it means plunking down four figures on a designer bag because all your friends have one. At a smaller scale, it could mean joining the other moms every morning after drop-off for a fancy latte. It’s all part of feeling as if you’re on the same level as your peers…and it all can add up.

💡 Quick Tip: Want to save more, spend smarter? Let your bank manage the basics. It’s surprisingly easy, and secure, when you open an online bank account.

FOMO Spending to Keep Up with Peers

How widespread is FOMO spending? One recent study found that almost 40% of more than 1,000 Americans ages 18 to 34 said they have gone into debt just to keep up with their friends’ lifestyles. This is FOMO taken the financial extreme.

People may try to overcome FOMO by spending more than they have on things like travel, clothes, food, and going out. Whether it’s bigger “once-in-a-lifetime” experiences you can’t miss out on like trips, music festivals, or weddings, or even smaller events like dinner and drinks, FOMO spending can impact your finances and ability to build wealth over time.

•  FOMO spending often stems from peer pressure to buy something you can’t afford so that you can still participate in a group.

•  It could stem from feelings of insecurity; you want to show others that you fit in and do so by spending more than you might otherwise.

Unfortunately, this can add up to extra spending, money stress, and debt.

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How Many People FOMO Spend?

As noted above, one recent study found that 40% of people admit to FOMO spending. And those are the ones willing to admit to it. The figure could be considerably higher.

One study found almost twice that percentage of people admitted to going into debt to keep up with their friends’ spending. That’s a startling figure and shows just how common FOMO spending can be.

💡 Quick Tip: Your money deserves a higher rate. You earned it! Consider opening a high-yield checking account online and earn 0.50% APY.

4 Tips to Avoid FOMO Spending

Reining in FOMO spending can be hard, especially if your friends are truly living at a different income level than you. But odds are, some of your friend group might be in the same situation and are overspending in an effort to impress. You can avoid FOMO shopping or at least cut back on spending by trying these tips:

1. Suggest Free Alternatives

The first way to conquer FOMO spending is to simply stop spending! While it’s of course easier said than done, why not come up with a free alternative when a friend suggests plans?

Meeting for up for a $10 bubble tea at a cafe could just as easily turn into sitting on your couch with a homemade cup of joe. Friends want to go out to the movies or the mall? Suggest visiting a museum on a day they offer free admission instead.

2. Limit Your Card Usage and Carry Cash

Limiting your spending on credit or even debit cards and making the majority of your purchases with cash will drastically impact how often you impulse-spend on something when the feeling of FOMO creeps in.

If you only withdraw a certain amount before heading out to dinner or the bar, you’ll already have a pre-set budget that you know you feel comfortable spending. So maybe you only have one pricey cocktail or skip coffee and dessert: You can still have a great experience going out.

3. Create a Budget and Stick to It

Along the same lines, creating a monthly or even weekly budget may also help you cut down on FOMO spending. Your budget can and should include money for savings or big-ticket items like travel you know you have coming up. Having a budget can give you guardrails and help you focus on the big-picture rather than getting caught up in the FOMO moment.

By putting some money towards future goals and then calculating how much “fun” money you have left over after bills, you’ll know exactly when you’ve reached your limit. While making a budget might not help you eliminate FOMO spending altogether, you’ll at least give yourself more constraints if you limit yourself to a specific spending amount.

4. Lower Your Social Media Exposure

Ready for another way to stop spending so much? The endless scrolling on platforms like Facebook, TikTok, and Instagram offer some instant gratification, but social media is one of the main contributing factors of FOMO.

Targeted ads, influencers touting products, and even your own friends’ posts can all conspire to budget you toward spending too much. Seeing all the wonderful shiny things and exciting experiences out there can lead you to splurge (and often).

Many people find their guard is especially down at night, and that’s when they are likely to snap up skincare products, a new watch, or a hotel room overlooking the beach. If you can relate, trade in your laptop or phone time before bed for a good old-fashioned book or movie. You won’t wake up the next morning with that guilt about spending money.

If You Must Spend, Still Plan Ahead

You won’t be able to avoid FOMO spending all of the time, so it’s also important to have a strategy in place for making the best use of your time and money if the feeling kicks in.

Some people consider their fixed vs. variable expenses and build in a little extra spending money as part of their discretionary spending. If you know you have, say, a cash cushion of $100 or $200 a month, this can help with those moments when you decide you want to “keep up with the Joneses.” You can decide if this is the moment to splurge or not.

Delayed Gratification

If you have a sudden urge to buy something because of FOMO, try instead to write the item down, whether in a Notes app on your phone or even just a physical piece of paper, and come back to it 24 hours later.

This will help you avoid impulse purchases just because something is on sale, for instance, or your friend just bought it. You can evaluate in a day if it’s something you still really need. Some people even stretch that 24 hours out to a full month with what’s known as the 30-day spending rule.

Buying in Person

Nothing crushes the FOMO spending feeling more than forcing yourself to trek to an actual physical store to make a purchase.

Too many times, FOMO spending happens when you are online shopping and the ease of delivery right to your door doesn’t make you think twice about your purchase.

Making that easy impulse purchase into a chore can be a buzzkill that helps you save big-time.

Introducing SoFi Checking and Savings

Managing your money well can mean recognizing FOMO spending and seeing when it may fit with your budget and your money goals. It can take wisdom and discipline, but it can keep you out of debt and help you build wealth.

This is where the right banking partner comes in; one who can help you see the big picture on your spending and keep tabs on your cash flow. Like SoFi.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

Better banking is here with up to 4.50% APY on SoFi Checking and Savings.

FAQ

How do you deal with FOMO buying?

Recognizing FOMO buying is the first step to minimizing it. You might avoid social media apps that trigger this kind of spending; find free alternatives to pricey outings your friends suggest; or tweak your budget to allow for small splurges and stick within those spending limits.

How can you stop being affected by FOMO?

Avoiding FOMO is a very personal thing. Some people avoid or even delete social media apps that trigger overspending; others have honest talks with their friend group about their financial limits; still others decide to sidestep certain outings with friends that they know will bust their budget and join them for low-cost get-togethers instead.

What is FOMO spending?

FOMO spending is when you buy an item or experience because you don’t want to miss out on something “everyone else is doing.” Some people may think of it as responding to peer pressure. You purchase, say, a status watch or take a pricey vacation not because you can comfortably afford it but because you want to “keep up with the Joneses.”



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SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.

SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.

SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.50% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 8/9/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet..

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Source: sofi.com

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Apache is functioning normally

September 10, 2023 by Brett Tams

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We’re officially in the “ber” months, which means it’s the best time to transition your home decor for cozier weather. No one knows this better than Joanna Gaines, and her exclusive collaboration with Target is no exception. 

Ahead of the fall season, Magnolia’s Hearth & Hand collection at Target has some of the best fall home decor pieces, including accent lamps (one of which is the perfect modern spin on those vintage fairy lamps that TikTok is obsessed with), faux foliage, stoneware, and, of course, some of the best candles. 

Find out more about how we test.

Joanna and Chip’s collections have been staples at Target for years now. The first collection launched in 2017 and every year has seen a new range of earthy fall classics that are perfect for making a cozy, comfortable space. 

Ribs return

(Image credit: Magnolia / Target)

We’ve seen a big increase in Art Deco-inspired pieces this year as the 21st century gets its own Roaring Twenties. Joanna’s collection for Target is no exception, with lots of ribbed pieces giving a contemporary twist on design classics. 

Ribbed Tonal Ceramic Table Lamp

Ribbed Glass Cylindrical Accent Lamp with Wood Base Clear/Tan

Ribbed Glass Autumn Cider Fall Jar Candle

pour-over coffee maker. These are often pretty utilitarian, but Joanna’s is gorgeous. 

Magnolia Pour Over Coffee Maker

Hearth & Hand x Cuisinart Digital Gooseneck Kettle

Wide-Fluted Stoneware Beverage Pitcher

Fluted Stoneware Serving Bowl Pumpkin Brown

Faux Golden Ash Leaf Fall Stem

Wooden Decorative Tray with Metal Trim

Faux Golden Ash Leaf Fall Arrangement

Wood Cookbook Holder with Metal Ledge

Multi-Faceted Ceramic Bud Vase

Textured Fall Plaid Woven Placemat

Toasted Almond Chunky Cable Knit Throw

Tartan Fall Plaid Cloth Napkins

these wooden ones from Hearth & Hand are beautiful) to place on top of your stoneware. The plaid style invites a subtle nod to the season.  

FAQs

Who is Joanna Gaines?

best Target fall home décor. If Target isn’t for you, we’ve also found that best Walmart fall home decor.

Source: homesandgardens.com

Posted in: Bank Accounts Tagged: 2017, About, accent, advice, art, autumn, best, big, brown, Cable, clear, coffee, collaboration, Collections, conditions, cozy, Credit, Decor, design, Digital, Expert advice, Fall, Financial Wize, FinancialWize, first, Giving, home, Home Decor, homes, ideas, in, Inspiration, lamps, making, modern, More, new, Newsletter, or, place, pretty, project, return, shopping, space, staples, Style, target, TikTok, time, vintage, walmart, weather, will, wood

Apache is functioning normally

September 8, 2023 by Brett Tams

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers. Among the various markers of success, home value has long been a significant benchmark. 

Fueled by the desire to keep up with others’ perceived achievements, home envy is reshaping the concept of the American Dream for these generations. The impact of social media on Gen Z’s and millennials’ perceptions of homeownership and the American Dream has some noteworthy implications — for both prospective homeowners as well as the lenders providing them with mortgages to realize that dream.

The rise of housing envy

As Gen Z members enter adulthood and the youngest millennials start to form families and settle into more traditional roles, many find themselves facing the pressure to achieve traditional markers of success, including owning a home. Platforms like Instagram, TikTok, and Facebook amplify the significance of this milestone via carefully curated posts showcasing beautifully furnished homes, inspiring interior design, and aspirational lifestyles. The seemingly constant exposure to these ‘picture-perfect’ homes can lead to feelings of inadequacy and envy, as young individuals measure their own living situations against those of their peers.

In fact, a recent study by Mphasis Digital Risk showed that 66% of young Americans routinely go online to check the value of homes belonging to friends and acquaintances. The survey of 1,386 people ranging in age of 46 years old or younger across the U.S. represented a broad spectrum of income levels, from lower- to upper-middle income. In addition, 79% of the respondents who looked up home values online said the activity left them feeling stressed, concerned or upset. 

Benchmarking home value

From luxurious penthouses to cozy suburban homes, the wide spectrum of living arrangements can provoke a sense of inferiority or aspiration, depending on one’s perspective. Mphasis Digital Risk’s survey discovered that the primary reason respondents gave for checking home prices through online searches was to use the search “as a benchmark to measure their own income and worth,” (59%), while others are trying to get “a sense of their [friends’] income” (42%).

Over half (56%) say their own home-buying decisions are “very much” or “somewhat” affected by their searches online. This benchmarking mentality places immense pressure on both generations to achieve certain financial milestones and strive for home ownership, sometimes even before they are financially ready.

Additionally, the inability to reach the same level of home value as their peers can contribute to feelings of anxiety, depression, and a distorted perception of their own achievements, rather than personal fulfillment and growth.

Navigating the American Dream

The bright spot in all of this is that 74% of Gen Z and Millennials agree that owning a home is “part of the American Dream” and while 87% think it is currently too expensive to purchase a home right now – they indicated that if mortgage rates drop back into the 4-5% range they would be willing to jump in. 

While homeownership remains a significant aspiration, it should not overshadow other essential elements of the American Dream, such as personal happiness, fulfillment, and financial stability. Both generations must resist the urge to succumb to external pressures and societal expectations, instead prioritizing their own values, long-term financial well-being, and individual journey towards success.

Embracing financial realism

Rather than becoming consumed by housing envy, Gen Z and millennials can benefit from adopting a realistic approach to homeownership. This includes understanding that lenders don’t benchmark borrowers against one another, and what an individual can afford is solely based on their financial situation. 

The importance of financial preparedness, setting achievable goals, and focusing on sustainable long-term planning will enable a borrower to be a generational home owner. By prioritizing financial stability, investing in personal growth, and seeking out reliable advice, Millennials and Gen Zs can work towards their own version of the American Dream while maintaining a healthy perspective on the role of homeownership.

By understanding the psychological implications and redefining success beyond material possessions, these generations can regain control over their aspirations and work towards sustainable goals.

Kimberly Lanham is the Senior Vice President of Client and Industry Relations at Digital Risk.

Source: housingwire.com

Posted in: Paying Off Debts, Real Estate Tagged: advice, age, agent, Agents/Brokers, All, American Dream, aspirations, before, borrowers, Buying, cozy, decisions, depression, design, Digital, dream, expectations, expensive, facebook, financial, financial stability, financial well-being, Financial Wize, FinancialWize, Gen Z, goals, growth, Happiness, healthy, home, home owner, Home Ownership, home prices, home value, Home Values, homeowners, homeownership, homes, Housing, impact, in, Income, industry, Instagram, interior design, Investing, journey, jump, lenders, Living, living arrangements, LOWER, measure, Media, millennials, More, Mortgage, Mortgage Rates, Mortgages, or, Other, ownership, penthouses, perception, Personal, photos, Planning, platforms, president, pressure, Prices, Purchase, Rates, reach, ready, Real Estate, report, right, rise, risk, search, social, Social Media, survey, sustainable, TikTok, traditional, value, will, work, young

Apache is functioning normally

September 4, 2023 by Brett Tams

When it comes to marketing your real estate business, video is king. Global statistics from 2023 show that people watch videos for an average of 100 minutes a day, with millennials — the largest share of home buyers in the U.S. — spending 10 to 20 hours a week watching videos. 

From short Instagram reels to long videos on YouTube, video is here to stay. Here are 13 video marketing best practices for your real estate business.

1. Understand your audience

Your video marketing strategy starts with your audience. 

You wouldn’t show the same scary movie to a 5-year-old as you would a 25-year-old. Videos for your real estate business are no different. 

Watch videos on YouTube aimed at luxury home buyers and compare it with ones tailored to first-time home buyers. Chances are good the script, the angles and the highlighted features will be very different.

Ask yourself:

  • Who am I selling to?
  • What are their priorities?
  • What do they need to know?
  • How can I meet their needs?

Create your videos accordingly. 

2. Tell a story

It’s easy to click away from a boring video that rambles on and on without a point. To capture a viewer’s attention, you need to tell a story about the property you’re showing. The story might highlight the historical features of the home or explain how a starter home helped buyers build their lives together. 

Whatever it is, tell a tale that keeps them on your page. Just like an in-person walkthrough, viewers need to see themselves in the home to imagine how they will make it their own. 

3. Use better technology 

If you are marketing a home with expansive grounds, beautiful architectural details or gorgeous scenery, invest in a drone and learn how to use it properly. Drones capture details that regular photos cannot. They also reveal the scope of a large property and illustrate clearly where outbuildings and other landmarks lie in relation to the main house and the homes around it.

4. Add virtual walkthroughs

Record and post virtual walkthroughs for potential buyers. Your written listing is easier to visualize if it’s accompanied by a narrated walkthrough, especially if the viewer can move and turn in each room. Virtual tours can also highlight the exterior of the home, plus neighborhood features and amenities.

5. Spend time in production

There’s a time and a place for a quick Instagram reel, but in some cases, you’ll need a beautifully produced video. Invest in good video equipment and spend time editing your footage. If it’s in your budget, then hire a professional videographer or purchase quality editing software. 

6. Choose an appropriate length

Whether you’re posting drone tours, virtual walkthroughs or TikTok videos, size matters. In many cases, home buyers want to see short clips, not a 15-minute video. If each room in a listing deserves 15 minutes of fame, break it up into shorter clips. Aim for two-minute clips, especially on Instagram and TikTok. Try not to exceed five minutes.

7. Utilize SEO

Search engine optimization, which determines where a website appears on the search results page, is critical in the age of video. Most organic search results list the top three links as videos, and you want to be as close to the top of that list as possible. 

On YouTube, this means:

  • Adding keywords in the description of the video
  • Naming your video with keywords
  • Tagging topics relevant to your video
  • Customizing a thumbnail

Captioning videos on Instagram and TikTok is also helpful, as is using relevant hashtags in the optimized comment section of the video.

8. Optimize for mobile

Because 99% of homeowners begin their search online, your videos must be viewable on a variety of devices. This means optimizing for mobile. Optimizing for mobile streamlines the content so it isn’t cluttered or hard to navigate on a smaller screen. Optimized videos won’t have lags, skips or take forever to load either.

9. Don’t forget a call to action 

When a potential home buyer finishes watching your video, what do you want them to do? Most viewers wait for instructions, and if you don’t provide a call to action, they’ll keep scrolling. Consider directing viewers to contact information or asking a question and requesting answers in the comment section.

10. Share across platforms

Millennials loves YouTube, and Gen Z scrolls TikTok, but both are potential homeowners you want to reach. Market to different generations by sharing videos across platforms, where possible. For example, the same company owns Facebook and Instagram, meaning one simple click posts in both places. 

You might need to tweak the description or add tags for different platforms, but sharing across the big three — YouTube, Facebook and Instagram — casts a suitably wide net for potential clients. Don’t forget to share videos with your email list, too.

11. Engage with viewers

Good or bad, the comment section of any video can be illuminating, heartbreaking and infuriating. Don’t ignore it. Engage in a professional way with the people who reach out to you. Many home buyers want to see how a real estate agent handles conflict and roadblocks. Engagement builds relationships and trust — exactly what you need to build your business.

12. Analyze and improve

Don’t post a video, answer a few comments and walk away. Use simple analytics tools to determine how your video is performing in reach, views and conversions. 

Specifically look at:

  • How many people have seen the video
  • How many people have clicked links or visited your profile
  • How many people have contacted you via direct message or email

If your numbers are low, your description or tags may need work. You won’t know until you look carefully at what’s working and what needs to change.

13. Keep posting

If the first video doesn’t get a lot of traction, keep going. There is a lot of noise on the internet, and it can take time to build a following. Just like it takes multiple home showings to find the right buyer, it can take a series of videos before potential clients reach out. Keep posting high-quality videos, and your efforts will pay off.

Source: housingwire.com

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