Money In The 20s Finances For Millenials Thu, 27 Oct 2016 06:10:19 +0000 en-US hourly 1 116873799 4 Advantages Of Owning An Apple Sport Watch Sat, 22 Oct 2016 16:00:32 +0000 4 Advantages Of Owning An Apple Sport WatchYou’ve toyed with the idea of a smartwatch for a long time, but spending so much money on a wearable that you might accidentally damage doesn’t seem like a smart move. While it’s true that many wearables aren’t constructed of the most durable materials (unless they’re indestructible fitness bands), that’s not the case with the Apple Watch Sport. A lightweight, durable design and all the functionality of the Apple Watch come together in a sporty smartwatch you’ll have a hard time damaging and you’ll love wearing.

Durable Watches for Sporty People

Smartwatches are a wonderful way to stay connected to your smartphone and your network of friends and family. However, many people avoid purchasing a smartwatch for fear of damaging it. Smartwatches made of stainless steel often scratch easily, and with their large displays it’s easy to accidentally bump into something, scratching or damaging the expensive wearable beyond repair.

You don’t have to worry about being careless with an Apple Watch Sport. The watch is constructed of aluminum and has the same scratch-proof glass that graces the iPhone 6. The aluminum doesn’t show scratches the way stainless steel does, which makes the Sport perfect for athletic and outdoorsy types. Even if you’re not athletic, just clumsy or a bit careless, you’ll love how durable the Apple Watch Sport is. Wearables are supposed to make your life easier, right? Worrying about the expensive technology strapped to your wrist doesn’t make things easier.

Lightweight for Easy Wearing

Before smartwatches, smartphones replaced traditional watches for many millennials. When you can pull out your phone to check the time (and lots more), wearing a watch doesn’t make much sense. That means millennials hesitate when it comes to strapping wearables to their wrists. Other smartwatches are heavy or awkward to wear, and take some getting used to if you’re not accustomed to the feel of a watch on your wrist.

The Apple Watch Sport is lightweight, thanks to its aluminum shell, which means you’ll adapt to wearing it much faster. Its lightweight design makes it easier to wear during strenuous physical activity and working out, too.

Changeable Watch Bands for Fashion Consciousness

The Apple Watch Sport comes with sport bands that are quite durable. They hold up better than the fashion bands other smartwatches come with, especially in conditions involving sweat. But if you’re going out on the town or working, the rubbery, colorful bands might clash with your outfit or your professional presentation.

Thankfully, you can swap out your Apple Watch Sport bands for something a little more fashionable when you want to. Keeping several sets of bands is the perfect way to ensure that you have a band for every occasion. Wear sporty bands that can handle your toughest workouts when you’re lifting or doing yard work, and swap those bands out for elegant options in black or white to go with your work and evening attire.

Affordable Pricing for Many Budgets

Even if you want a smartwatch, they can be prohibitively expensive. If you’re worried that you’re going to accidentally damage the watch, paying $700 for it doesn’t make a lot of sense. Neither does buying something you’re too afraid to use because you don’t want to scratch and ding it up. The Apple Watch Sport typically runs about $300 to $400 cheaper than its Apple Watch counterpart.

When you’re looking for a durable and affordable smartwatch, the Apple Watch Sport is the clear winner. It has the same battery, processor, and apps as the Apple Watch, so you lose no functionality with the Sport model. The materials that allow Apple to produce the watch more cheaply also make it more durable, and it still has the iconic Apple Watch shape.

The investment makes sense: your next wearable or smartwatch should be the Apple Watch Sport. You get the best functions and the most apps of any smartwatch on the market, but without the hefty Apple Watch price tag. The sporty look is perfect for everyday use, and you can always change the band when you want something a little fancier!

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8 Situations Where Your Credit History Is Requested Sat, 15 Oct 2016 16:00:46 +0000 8 Situations Where Your Credit History Is RequestedIn the US having a good credit score is important if you want to live a comfortable life. While your credit score was only relevant when looking to get credit a few years back, in today’s world it can affect your life in more ways than one.

When you get to see the number of different agencies and people that can access your numbers, it will be easier to see why improving your score, even if you have no immediate plans of buying a new car or home, is so important. Your investment of money and time will certainly pay off in the long run, as long as you do your best to maintain a clean score with the three major credit agencies.

Looking For A Job

Most employers in the U.S. perform credit and background checks as a mundane procedure for some, if not all company positions. However, there are four American states, including Oregon, which have limited the usage of credit reports by companies with some legislatures pushing for nationwide restrictions considering that bad credit scores are currently hindering job opportunities for so many Americans.

Looking To Rent An Apartment

Did you know that most of today’s property management companies are routinely conducting credit checks when reviewing potential tenants? Interestingly, more private property owners who process applications on their own are now opting to do the same thing. This is because conducting credit checks is making it easier for them to avoid renting out their properties to people who may have a hard time paying rent and other bills on time.

Financing Store Purchases

It is important to note that having a good credit score isn’t just necessary when you are thinking of buying a new car or a new house. Any form of financing, even a furniture or TV purchase, will usually require that you have a good credit score. If you don’t, expect either high interest rates or to be denied credit.

Getting A Student Loan

Thinking of furthering your studies? If you are, then your credit score does matter. Unless you are planning on paying tuition and all other expenses up front, then consider filling out a student loan application. Most lenders understand that graduates fresh out of high school haven’t yet had the time to build a score and are usually willing to lend them the money they need. However, most of them are not that forgiving when it comes to adults with a history of not making payments.

Applying For A Store Credit Card

When applying for a store or any other major credit card, your credit score will be considered to determine if you are eligible or not and if you are, the amount of money that can be extended to you. People with great credit scores tend to enjoy higher initial limits than those who have average scores.

Renting A Car

If you are thinking of renting a car in the near future, then it is important to note that your credit score may influence your pricing and options. This is crucial for most of these companies considering that they are handing you an asset that is worth thousands and want to know that it will be handled responsibly.

Pay As You Go Cell Phone Plans

While cheap, pay-as-you-go mobile phones and plans are a great way to stay in touch with people, investing in a better, smarter and more expensive model with usage commitment is advisable if you are a business person who is in constant contact with your customers and partners. However, if your credit score is not that good, then it is going to be hard to get such a device.

Your Utility Providers

At the same time, more utility providers now require their consumers to agree to have their credit checked before they can offer them their services.


As you can tell by now, your credit score touches almost every single area of your life. It is, therefore, advisable that you consider obtaining your free annual credit report from Transunion, Equifax, and Experian and start addressing the negative aspects of each report. Taking charge of your credit will not only make you feel good about yourself but will also help improve your report, which can be beneficial before you need to fix things.

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Top 4 Signs You’re Ready To Sell Your First House Sat, 08 Oct 2016 16:00:53 +0000 Top 4 Signs You're Ready To Sell Your HouseSelling your first house is quite a momentous decision. This is a decision where you need to be sure you are making the right one.

It can be pretty difficult to determine whether or not you are actually ready to sell your home. This is particularly true if you have never done it before. It can be hard to know what to look for if this is your first home you’re selling.

However, the good news here is that others have been in your position before you. Using their knowledge and wisdom, you can make sure you are making the right decision.

Let’s take a look at 4 key signs that you are in a good position and ready to sell your house.

1. You’re Financially Ready

It goes without saying that this is the kind of thing where a lot of money is involved. Whatever you do, don’t make the mistake of thinking that you don’t need anything up front. Just because you are selling doesn’t mean it’s free of charge. You will need money for taxes, fees and other charges – some of which you might not have even considered.

If you don’t feel that you are in a good position financially, then whatever you do – don’t rush ahead.

2. You Have Outgrown Your Home

Now let’s have a quick look at the emotional side of things. It might be that you have decided that you have outgrown your home. This can happen for many different reasons, but no matter the reason you should take this as a clear sign

If you’ve got to the point where you no longer feel at home in your own home, then you should work to change that straight away. It might be time to look for somewhere which is much more suited to you individually.

3. You Have A Strong Plan In Place

As with anything of this kind of importance, it helps if you know what you intend to do next. The best way to do that, of course, is to make sure that you have a strong plan in place. Your plan should include as many details as you can possibly think of. This might sound obvious, and yet so many people go into the process without really knowing what they intend to do.

When you are drawing up your plan, you should be careful to take into account anything which might go wrong. The best plans are those which take every possibility into account as well as possible. Once you have this, you know that you can start thinking about moving on.

4. You Have Researched The Market

The property market is ever-changing and in constant flux, and you need to keep a close eye on it. It might be the case that one day your home is worth a great deal of money, and the next it isn’t. As such, it would be incredibly foolish to go into this process without knowing whether or not your home will fare.

You need to compare yours to other homes, so that you can tell whether you are in a good position or not. When it comes to researching the market, make sure you only use reputable sources. Otherwise, you might as well just be asking a stranger in the street.

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Are You Planning To Have A Family? 5 Tips Before You Do Thu, 29 Sep 2016 09:37:33 +0000 Are You Planning To Have A Family? 5 Tips Before You DoThere aren’t many things in life more exciting than starting a family. While you’re sure to be overjoyed with this decision, don’t overlook the fact that it will change your life in many ways.

As you think about the future, be sure that you also focus on your financial situation. There are several financial tips to follow before you start a family, with these five among the most important:

Create A Detailed Budget

How much money do you earn each month? How much do you spend? Your budget should be as complete and comprehensive as possible, as it will guide every financial decision that you make.

Despite the fact that your budget will change over time, you must have solid ground to stand on as you bring a child into the world.

Get Short-Term Disability

You can use short Term disability while on maternity leave, and it can be a great tool to give you some income while you are away. Short-term disability pays a percentage of your income for a period anywhere from 2 weeks to 6 months. The details of the policy will determine what percentage you get, and for how long.

If you work for a large company, they may offer short-term disability as part of your benefits package. Most short-term disability policies have a waiting period before you can claim for maternity, so you make sure you plan ahead. In addition, short-term disability can be very affordable.

Purchase Life Insurance

Many people put this off until they get married or have a child. Now that you’re planning a family, there’s no point in waiting around any longer.

Buying life insurance is not the most exciting purchase, but it’s something you must do as a responsible adult. With the right policy in place, you never have to worry about your family’s financial well being should you pass on.

There are many types of coverage to consider, including both whole life and term policies. Your job is to compare your options, determine how much coverage you need, and find a policy you can afford. Once you do this, you’ll feel much better about the future.

Get Your Housing In Order

It’s a good idea to figure out your housing situation before you bring a child into the world. Are you going to stay put for the time being? Are you interested in finding a new place before your child is born? The decision is yours, but make sure you know exactly what you want to accomplish.

Once your child is here, it’s much more difficult to move. It’s not impossible, but it brings forth a variety of challenges. You’re much better off getting your housing in order before you start a family. This way, you don’t have to concern yourself with this down the road.

Know Your Debt, Eliminate What You Can

In a perfect world, you would have no debt. No student loans. No mortgage. No credit cards. In the real world, however, you know that this probably isn’t the case. It’s essential to know your debt inside and out.

Furthermore, make sure you do whatever you can to eliminate as much debt as possible before you start a family. You probably won’t eliminate all your debt, but you can definitely make headway with the right strategy in place. Remember, less debt means more money in your pocket every month.


If you’re planning to start a family in the near future, now’s the time to take control of your finances. You know your situation better than anybody else, but there are some tips everyone can follow.

If you want to put yourself on the right path to success, follow the five tips detailed above. The right approach will give you the confidence you need to make the best financial decisions as you start a family.

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Things College Students Can Do Now That Will Pay Off Big Later Sun, 04 Sep 2016 08:54:12 +0000 Things College Students Can Do Now That Will Pay Off Big Later

Going off to university is a rite of passage that’ll help you prepare for a rewarding career. While it might be tempting to focus on course readings, exams, and making new friends, however, you also need to consider and plan for the costs associated with tuition, living expenses, and books.

You definitely shouldn’t allow the cost of a quality education to dissuade you from studying at the post-secondary institution of your choice. That said, you also don’t what to contend with a mountain of debt after the pomp and circumstance of graduation is over and done with.

Consider these sobering statistics:

  • The class of 2016 will on average graduate with student loan debt worth $37,172 a piece, which is up from a year ago by 6%
  • Around 43 million Americans owe almost $1.3 trillion in debt attributable to student loans.

There are certainly some things you can and should do now to reduce, if not altogether eliminate, the amount of student debt you accumulate and to position yourself for success early on. So here are some things that college students can do now that will pay off big later.

Student Aid

One of the best ways to steer clear of debt is to apply for financial aid. NerdScholar previously reported that U.S. high school graduates left $2.9 billion worth of free grant money from the federal government unclaimed during the last academic year. That’s a lot of unclaimed money that could of helped to defray the cost of getting a good post-secondary education.

Grants, scholarships, and loans offer a way for you to get the money you need to fund your college education. Grants, or money that you don’t have to repay, and scholarships, or money offered as a gift, are preferable in that they’re free. Loans are another option, though they obviously need to be repaid. Depending on your situation, you may chose a combination of these options. A good site to look at is FinAid. It provides student aid resources. But before you get ahead of yourself, be sure to fill out the FAFSA (Free Application for Student Aid) form.

Start Early

The sooner you start saving, the better. As a millennial, you have the advantage of time on your side. Adding factors like time, regular saving, and compound interest to the equation can lead to a very profitable outcome down the road. Consider this example from a USA Today report: Imagine investing an initial $1,000, adding $100 monthly to this investment for four decades, and earning interest of 8% on average. In four decades, you will have saved $320,000. Meanwhile, if instead of 40 years you opt for investing for three decades, you’ll end up with only $146,000. So start early, be consistent and disciplined, and reap the benefits later.

Get a Job

Yes, essays and studying can eat up a lot of your time, but getting a job while you’re in college can pay off big later. You can use the money not only to get in the habit of saving, but also to cover your expenses and to reduce the amount of student debt you need to accumulate. The sort of work ethic, time-management skills, and determination you’ll need to balance college and employment will serve you well when you eventually head out into the workforce.

Avoid the Plastic

It can be tempting to swipe a credit card to get whatever you want, but the exorbitant double-digit interest charges can leave you owing an eye-watering amount sooner than you think. What this means is that you need to be careful about racking up high bills that leave you in debt. Live within your means and try to avoid joining the list of Americans struggling with credit card debt.

If you take the advice mentioned above to heart, you’ll be a step or two ahead of your peers after you graduate. Get student aid, start investing early, get a job, and stay away from credit cards. You’ll be glad you did!

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4 Great Mortgage Options For First-Time Homebuyers Fri, 02 Sep 2016 03:27:31 +0000 4 Great Mortgage Options For First-time Homebuyers

Homeownership is a huge part of American culture, and that’s great for first-time buyers — there’s a lot of help available via government and private home loan products.

Here are four mortgage programs ideal for first-time buyers – featuring low-to-no down payments and flexible underwriting.

  • FHA
  • HomeReady
  • USDA (Rural Housing)
  • 80/10/10 “Piggyback” loans


FHA offers several advantages for new buyers, but repeat buyers also use the program.

  • The required down payment is just 3.5 percent, and it may be gifted or borrowed from an acceptable source.
  • Borrowers can have FICO scores as low as 580 to qualify for a 3.5 percent downpayment. You still must demonstrate responsible debt management.
  • Debt-to-income ratios (your monthly debt payments divided by your monthly before-tax income) can be as high as 50 percent.
  • FHA loans are assumable, meaning a future buyer can take on your loan.
  • Renovations and energy improvements can be wrapped into FHA loans.

For buyers with more money to put down and / or higher credit scores, FHA home loans may not be the cheapest option, and there are some disadvantages:

  • The upfront mortgage insurance premium (which can be rolled into your loan) is 1.75 percent of your loan amount.
  • Annual mortgage insurance premiums of .85 percent apply to most borrowers. This may be higher than private mortgage insurance with good credit.
  • FHA mortgage insurance cannot be canceled, unlike private mortgage insurance.
  • There are maximum loan amounts.
  • Many condo projects are not FHA-approved.


Fannie Mae’s HomeReady program is a great conventional (non-government) program for those whose income meets eligibility guidelines. And if you buy in a low-income census tract, income limits are waived.

For everyone else, the maximum is equal to the area median income (AMI).

You can see if you’re eligible by checking the HomeReady Income Eligibility Lookup tool.

HomeReady is not limited to first-timers, but first-timers are required to complete an approved homeowner education course.

HomeReady’s advantages include:

  • A minimum down payment of just three percent.
  • Mortgage insurance premiums are discounted, and can be canceled once the loan balance has been sufficiently paid down.
  • Flexible underwriting allows consideration of income from non-borrowing members of your household. You may also have a non-occupant co-borrower.
  • Money for down payments and closing costs can be gifted or borrowed from approved sources.
  • Manufactured housing is okay with five percent down.

There are no real disadvantages, unless you dislike the idea of completing homebuyer education. Note that Freddie Mac offers a very similar product called Home Possible, and it comes with the same advantages, and similar requirements.


The USDA (Rural Housing) mortgage is unique. To be eligible for USDA financing, a property must be located in a designated “rural” area. This means homes in many small- to medium-sized towns as well as suburban areas outside larger cities. The USDA’s property lookup tool lets you see if the home you want to buy is eligible for a USDA loan.

USDA loans also have income-eligibility guidelines. For the Guarantee program, in which the government insures your loan, your income cannot exceed 115 percent of the area median income. Borrowers with low or very low incomes (up to 80 percent of the AMI) may qualify for the Direct program, in which the USDA lends them money at subsidized interest rates as low as one percent.

Advantages of the Guarantee program include:

  • No down payment is required.
  • There are no limits on loan size.
  • Closing costs and lender fees can be rolled into the loan if the home appraises above the sales price.
  • Renovation / rehabilitation costs can be rolled into the loan.
  • On October 1, 2016, the upfront guarantee fee will be reduced to one percent from 2.75 percent. Annual mortgage insurance will drop from .50 percent to just .35 percent.
  • USDA loans are assumable.

The only real disadvantage of the program is that the annual mortgage insurance cannot be canceled as long as you have the loan.


“Piggyback” loans are not specific mortgage programs – they’re actually a combination of loans. Piggybacks allow homebuyers to avoid mortgage insurance by combining an 80 percent first mortgage with a “purchase money second” mortgage, typically, of 10 percent of the purchase price.

The name of the program refers to the percentage of the home’s purchase price for each component. An 80-10-10 loan, for example, means you have an 80 percent first mortgage, a ten percent second mortgage and a ten percent down payment. An 80-15-5 requires just five percent down.

The second mortgage is riskier for lenders because if the property must be sold in a foreclosure proceeding, the proceeds might not cover both the first and second loans, and the first loan takes precedence. For this reason, interest rates for second mortgages are higher.

Making A Decision

When comparing piggyback programs and other low-down-payment alternatives, analyze the total costs for the length of time you expect to own the home. A good loan officer or mortgage broker can help you compare options and choose the lowest-cost loan.

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The Challenges of Earning Your First Million in Your 20s Mon, 29 Aug 2016 21:58:02 +0000 The Challenges of Earning Your First Million in Your 20s

What would it take to become a millionaire? Would it be getting a high paying job? Or perhaps climbing the corporate ladder until you become the CEO? Be a big time Hollywood star perhaps? Well fortunately, for daydreaming Millennials, there are a lot of ways to become a millionaire. There are a lot of good articles and advice columns sharing how you can land a spot in the millionaire’s row.

But striking a million while young may not be so easy. In the National Financial Capability Study done by the Wall Street Journal in 2012, roughly 60 percent of Millennials have at least “one source of outstanding long-term debt.” This may come in the form of student loans, mortgages, and car loans. In addition to that, short-term debt in the form of credit cards are also affecting the financial capacity of those in the 24-35 age bracket.

So how does a Millennial rise above this difficulty and start working to be a millionaire? The solutions are pretty simple but never easy, but with determination, you might just hit your goal. Here are some ideas:

Set a goal beyond one million

People say to start setting a goal at one million in order to be legitimately called a millionaire. But in reality, we can exceed that expectation or fall short of our goal. So if you want to hit the million mark set a higher goal. This way, you’re tricking your mind to aim for something higher (let’s say two million.) And if you do fall short, you’re giving yourself some space where you may not have reached two million but you’re still likely to hit a million.

Don’t take shortcuts

One very tempting way to grow money is to invest it in schemes that promise really high returns in a short amount of time. These appear to be shortcuts in growing your money but they’re very risky. Interest rates that usually go above 10 percent or higher than what banks give are probably too good to be true. Remember the Ponzi scheme of Bernie Maddoff? People who invested in his scheme thought they’d earn more. But in the end, they ended up broke. Lesson to learn here? Just don’t be fooled by empty promises and invest with credible finance institutions.

Make money out of everything

People who want to earn will find ways to earn. If you look at the finance portfolios of millionaires, you will find that their sources of income are diverse. They don’t just rely on their salaries. They’ll probably have their pad rented out on AirBnB, drive with Uber on their spare time, take up a part-time job, or even sell used items online. The important skill here is knowing how to monetize what is around you. Some earn money by selling recycled items. Remember that one man’s trash is another man’s treasure.

Make your money grow

Even if you earn a lot of money, you won’t hit the million mark if you don’t invest it. Saving alone won’t be enough especially when you have a limited source of income. Investing will help you multiply your savings by going into mutual funds or even the stock market. In this case, it is important to talk to a financial consultant so you can determine the best investment for you. If you are conservative with your money, then you might want to put your money in a time deposit account. The interest is low but there won’t be any losses. If you’re willing to risk your money to get higher returns, then the stock market might be good for you. Banks will usually advise clients on this.

Of course, alongside these suggestions, living a frugal and simple life will help you reach your goal. That’s the hardest part for Millennials as spending is simply so tempting. But with enough discipline and a change of lifestyle, earning your first million won’t be as hard.


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Why Micro Investments Aren’t All They’re Cracked Up To Be Wed, 03 Aug 2016 08:47:09 +0000 Why Micro Investments Aren't All They're Cracked Up To Be

Once you make the decision to start investing, one question that usually pops up is: how to get started.

Exploring different investment options might lead you to the relatively new concept of micro investments. While investing for your future is a wise choice to make, micro investments might not necessarily take you where you want to go. They sound cool, but they aren’t all they’re cracked up to be.

Alone, They’re Not Enough

Retirement investing is a good thing. However, micro investments alone may not give you enough of an investment to have a substantial impact on your future expenses.

The idea behind micro investments is that by investing small amounts of money on a regular basis, such as spare change with Acorns, you can still invest for the future. You simply link your debit or credit card to an app that rounds your purchase to the nearest dollar and then invests the spare change into a pre-determined diversified portfolio of funds.

Investing in small amounts sounds like a good thing when you don’t have a lot of money to start investing, but if you only end up with $10.00 or so invested each month, you aren’t going to have a large enough investment portfolio to cover your retirement expenses.

Taxable Now or Later?

Acorns is a micro investment company that has become popular amount the younger population. But one drawback to using Acorns is that the investments you make with Acorns are taxable where other investment options, such as 401K’s, are tax-deferred.

The Fees can be High

On the surface, a $1 flat rate monthly fee seems fairly reasonable. However, if your monthly investment is only $10, that’s a 10% fee, which is pretty steep. Of course, as you make more purchases your investment grows and your fee percentage drops, but since the whole idea is to invest in small amounts, those fees are actually quite high.

Fees with robo advisors, like Betterment, are quite a bit lower percentage wise than the fees with micro investments companies. But the best way to save on fees is to take a DIY investing approach.

Limited Investment Choices

The investment portfolios are preset and there are only a few options to choose from with micro investing companies. This limits your flexibility in choosing which funds your investment money is applied to. So, if you wanted to choose the investment funds for yourself, you will be disappointed because that is not an option.

You Can Incur Loses

There is no guarantee your micro investments will grow, and in fact, you might even lose money. The funds your money is invested in can increase and make you money, but sometimes they have losses. On top of that, the money is not usually FDIC insured. Of course, this is a drawback that applies to almost all types of investing.

Before tossing out your piggy bank and throwing all of your loose change into micro investments, research all of your investment options and find out the good points and the bad. Remember, investing is not a get rich quick scheme.

What do you think of micro investments? Are they worth it?

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From Wing Man to Santa: 7 Creative Ways to Earn a Buck Sat, 14 May 2016 14:00:48 +0000 From Wing Man to Santa: 7 Creative Ways to Earn a Buck

Making a living isn’t easy, and as the cost of living continues to rise, so does the need for extra income. Finding opportunities to make extra cash is easier than it looks if you’re willing to step outside your personal comfort zone and offer up your services, talents, and possessions.  Just take a look at these unique money making opportunities!

The Wing Man

If you have the social skills to pull it off, you can get paid to be someone’s buddy. Standing in as a single guys’ ‘Wing Man’ and running interference while he chats up the ladies can be an easy way to earn some fast cash. From another perspective… what man doesn’t become more appealing to women when he walks in with a beautiful girl on his arm? One word of warning: offer your services as a “consultant” to avoid being labeled as a paid escort!  And yes, this is a paid job!

Sell Yourself

Plasma, Hair, Sperm and Egg Donors make decent money, simply by donating to worthy causes. Plasma donors are always needed at local blood banks or hospitals, and giving blood on a regular basis can bring in anywhere from $20 to $275 weekly. Acting as a sperm or egg donor at a reproductive clinic can bring top dollar if you fit the criteria. Supplying human hair for wigs, hair extensions, or hairpieces can be a lucrative way to make money while helping others.

Be the Santa. The Pirate. Or Smokey Bear.

Birthday parties, corporate functions, sporting events and fund raisers are prime spots to have fun while earning money. People will pay to have a dedicated person wearing their costume or acting as their mascot – because after all, a paid performer is more apt to show up and stick with it… as opposed to making cousin Bob wear the outfit against his will. Another fun way to make money is to appear as a movie star look-alike.  Check out ‘Event Planners’ in the local business listings and offer your services as an on-call performer.

Lead, Don’t Follow  

Do you know a lot about your neighborhood, area recreation areas or hiking trails? Set yourself up to give tours! Walking tours are the easiest to pull off, with low overhead and low liability risk.  If you’re into hiking, take a group along on a (paid) nature hike in the back country.  Do you hunt or fish?  Offer your services as an outfitter and share your skill with others.

Make a Buck… Or Five is the go-to spot on the Internet to find someone who is willing to complete a task for just $5. Some people offer wacky gigs – like singing Happy Birthday to the person of your choice in a funny voice, or writing your name on their chest and sending you the photo (really!) From social media marketing to cartooning, it’s easy to offer up your talents to the world on by posting whatever it is you’re willing to do for $5.

Back yard Money-Maker

Renting your back yard out may sound odd at first… but to the people who own boats, RV’s or sports cars and have no affordable place to store them , your back yard is like an oasis in the desert. If your back yard or property is particularly scenic and large enough, rent it out for weddings, barbecues, or family reunions.

Closet Timeshare

If you maintain a sizable wardrobe of designer clothing or specialty items, consider renting them out.  From business suits for the suit-less, to sports equipment, to wedding gowns, thrifty people have come to recognize the value in pay-per-use.

In the grand scheme of things, being creative is your best bet for making extra income. Utilizing your skills and talents can go a long way toward generating cash – and helping others in the process.

Do you have a unique way to earn money? Share it with us here!

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5 Ways to Make Extra Money Fri, 29 Apr 2016 21:28:10 +0000 5 Ways to Make Extra Money

A lot of people don’t make enough money at their full-time jobs. If you’re in that category, there is one of two things that you can do.

The 1st option is to complain about your situation and do nothing. If you’re reading this, I don’t believe that you’re the type of person.

The second thing that you can do is to find a way to make some extra money. In today’s post, I will share with you five possible ways to make extra money.

Get a Part Time Job

The 1st and probably most conventional way to make extra money is to get a part-time job. Retail and restaurants are usually good places to start. They should be flexible enough to let you work after you get off your full-time job or on the weekends.


One of my favorite ways to make extra money is to sell items on eBay. You can make decent money on eBay depending on what you’re selling. People will buy almost anything. If you’ve never sold anything on there before, I’d suggest that you take a look at their site. You can find a niche you love, find great deals at garage sales, and resale on Ebay for 50%+ profits!

Wash Cars

People can be lazy at times. I had a friend who used people’s laziness to his advantage a few years ago by washing their cars. It was a pretty good side hustle for a college student. He was charging people $15 -$20 per car and averaging about 8-10 cars per weekend. That was pretty good money for a college student. I think anyone can do this hustle, though. You just need a few supplies and some decent promo skills (signs in your area and free ads on Craigslist).


I figured I’d stay with cars. The fourth way to make extra money is to drive with Uber. Uber is a company that allows people to use their own vehicle to take people places. The more you drive, the more money you can make. I had a friend who used to make $600 a week driving people place to place. Look into your area’s insurance laws before starting just in case though.

Yard Work

Another great side hustle is to do yard work. People are always looking for someone to cut the grass or trim the hedges for them. A lot of people are busy or just physically able to do this type of work anymore. That’s where you come in. If you have some tools and a truck, you should be able to get started in no time. You can advertise on Craigslist or let your neighbors know about you through free sites like

Those were just five ways to make extra money. There are much more out there. You just have to find one way that works for you.

Do you need to make any extra money? Have you thought about trying any of these ways? Please share some more ideas too!

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