“It only makes sense to consider refinancing if mortgage rates drop two percentage points below your current mortgage,” McCoy said. “If somebody’s current mortgage is at 6%, it would probably only make sense to refinance if mortgage rates fall down to 4% or lower, and we’re a long way from that.” Fed waiting to cut … [Read more…]
A credit score simulator is an online tool that can help you see how certain behaviors and decisions might impact your credit score in the future. It might take your existing credit history into account and how certain actions could affect your credit score.
For example, perhaps you open a new credit card or have an account sent to collections. A credit score simulator would take these marks into consideration and help you estimate the impact they may have on your credit score.
A credit score simulator is an online interactive tool that can help you assess how certain decisions or events will affect your credit score. Because everyone has a unique credit history, these tools can only help you to estimate the impact of changes to your credit score, rather than making this determination for certain.
Nevertheless, credit simulators can be useful, especially if you are working to improve your credit. There are many actions you could take that may affect your credit score — here are just a few examples:
• Financing a home or car
• Using a balance transfer credit card to consolidate your debt
• Closing a credit card
• Declaring bankruptcy
These are just a handful of the ways your credit score could rise or fall; there are many more examples. With so many possibilities, it can be difficult to predict how changes to your credit history will affect your credit score. Once you know what a credit card is, it quickly becomes apparent how a credit score simulator can help you understand how your purchasing and payment habits can impact your three-digit number.
Recommended: Does Applying For a Credit Card Hurt Your Credit Score?
After gaining an understanding of how credit cards work, you can start to understand how a credit simulator works. Each credit score simulator is different, but there are some commonalities in how they work.
Some start with your current credit score provided by a credit reporting bureau, then let you see how some of the changes mentioned previously would affect your score if you were to make them. While there’s no guarantee they will be completely accurate, they should give you an idea of the potential impact on your credit score.
Other credit score simulators might guide you through several questions about your credit profile. The result estimates your current credit score based on your responses. For example, the myFICO® credit score estimator asks you about things like how many credit cards you have, how long ago you opened your first card, and whether you’ve missed a payment.
Recommended: When Are Credit Card Payments Due?
Credit score simulators generally use popular credit scoring models to estimate your current or future credit score. For instance, they might use FICO® Score 8 or VantageScore 3.0. These models use certain credit factors to calculate your score.
While each credit scoring model is different, certain behaviors tend to help build your credit score, regardless of the model. Typically, some of the factors affecting credit score are:
• Payment history: This is usually one of the most important factors in the calculation of your credit score. To avoid a negative impact on your credit score, you’ll want to avoid being more than 30 days late on any credit card payments.
• Credit utilization ratio: This ratio is simply the total outstanding balance on all of your credit cards divided by their total credit limit. One of the credit card rules is that you should aim to keep this ratio below 30%.
• Derogatory marks: These are items like bankruptcies, tax liens, and collections. It’s best to avoid these altogether if possible, especially since they can stay on your credit report for seven to 10 years.
• Credit age: Creditors like to see that you have a long history of responsible credit use. Thus, your credit score may be slightly more favorable if your oldest credit card is decades old. The same holds true for loans.
Recommended: Tips for Using a Credit Card Responsibly
A credit score simulator can help estimate either your current credit score or what your credit score might be in the future. The result is that they can help you better understand how different actions will increase or decrease your score.
This intel might guide you in prioritizing which actions to take. Should you pay off your credit cards quickly, or should you focus more on your loans for now? Credit score simulators can help you answer these questions when the answer isn’t so obvious.
The main thing that credit simulators cannot do is tell you exactly what credit score you should expect to have at a given point in the future. There are simply too many variables at play to know with absolute certainty what your score will be.
For one, your credit card issuer might use a different credit scoring model. Another possibility is that there are other changes to your credit profile that could impact your score. Perhaps you finish paying off a credit card six months from now, but an emergency suddenly arises that results in you taking out a personal loan.
It makes sense to use a credit simulator in certain situations. For example, suppose you plan to finance the purchase of a new car. That will certainly have some impact on your credit, but the effect will vary depending on your credit history. A credit simulator can help you estimate what that impact will be.
Credit simulators can also help you decide which actions to prioritize if you have a bad credit score. Many of these possible actions might improve your score, but chances are, some will help more than others. Over time, you can gain a better understanding of which kinds of actions tend to have the largest impact.
Credit simulators are not the only thing that can help you monitor your financial health. Here are some other tools to consider:
• Credit score monitoring: While credit simulators can help you estimate how changes to your credit report will affect your score, credit monitoring tools give you credit score updates on an ongoing basis. They can also give you a breakdown of your credit factors and how your score has changed over time.
• Budgeting tools: Budgeting tools are useful because they often let you sync all of your bank accounts and credit cards in one dashboard. You can then see all of your balances in real-time.
• Identity theft protection: If your identity is stolen, it can have a major impact on your credit and your finances as a whole. It may be a wise move to have this protection just in case.
It’s tough to overstate the importance of having good credit. Nevertheless, what constitutes good credit will vary from person to person. The general idea is you must show creditors that you are a responsible borrower and that you aren’t going to default on your debt (in this case, your credit card).
This is why things like late payments and high credit utilization can drastically lower your credit score. Late payments suggest you may not be able to reliably make your payments. And a high credit utilization suggests you may have a higher risk of default as you are using a high percentage of the credit available to you.
Credit score simulators are one tool that can help you assess how different behaviors can affect your credit score. Because they are just simulators, they may not be completely accurate. Still, they can give you an idea of what to expect and help you reach your financial pals.
Whether you’re looking to build credit, apply for a new credit card, or save money with the cards you have, it’s important to understand the options that are best for you. Learn more about credit cards by exploring this credit card guide.
In short, no. Credit scores are complex, and other factors could affect your score in the meantime. Nevertheless, credit simulators can help you better understand how various changes may affect your credit score.
How long changes to your credit score last depends on reporting to credit bureaus. Each bureau has its own schedule, but credit card updates usually happen every 30 to 45 days. However, some changes — such as a bankruptcy declaration — can remain on your credit report for as long as 10 years.
Credit score simulators should be relatively good at estimating credit score changes based on the information provided or available to them at any given moment. However, credit reports can change frequently, and simulators can’t usually predict what will happen with your credit a day, a week, or a month from now.
Photo credit: iStock/millann
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
SOCC-Q324-019
Source: sofi.com
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.
Many business owners turn to business credit cards as a way to separate their personal and business finances. Your credit score is important, so you may be wondering, “Does my business credit card affect my personal credit score?”
While there are many benefits to business credit cards, it’s helpful to understand how they work. Here, we teach you about how business credit cards can affect your personal credit score and report and if a business credit card is right for you.
Business credit cards are one of the more convenient ways for a business to access additional funds. Taking a loan out for a business involves a much longer process than simply applying for a business credit card, which may be approved within a few minutes.
With a business credit card, businesses can cover operating expenses and purchase items they need for their offices. Many businesses use these cards for fuel, travel expenses like flights and hotels as well as meals.
These cards also make it easier to track business expenses. By looking at the credit card statement, you can see what’s spent and when. Some of these cards also have built-in reporting tools for even more convenience.
Some of these cards also offer company-specific rewards, so businesses can save on travel and other categories.
Typically, financial institutions look to credit reports as a way to assess credit risk. Although your business credit card isn’t for personal use, the bank needs to run a hard inquiry, which will show on your personal credit report.
Hard inquiries cause a temporary drop in your credit score, but as long as you’re practicing good credit habits like making your payments on time and keeping your utilization low, it should recover in time. Once you start using the business credit card, it’s reported to commercial credit bureaus. The main three commercial credit bureaus include:
Depending on the business credit card, some may report to your personal credit report as well. In some cases of delinquencies or late payments, your business credit history may be reported to the personal credit bureaus. This can also lead to derogatory marks on your personal credit report.
Some business credit cards may also require a “personal guarantee.” A personal guarantee is when you agree that the card issuer can come after your personal assets if the business defaults on the debt.
Most of your business credit card activity isn’t reported to the credit bureaus, but there are exceptions:
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| Card issuer | Reports to consumer bureaus? |
|---|---|
| American Express | Reports negative information only |
| Bank of America | No |
| Capital One | Yes, but the Capital One Spark Cash Plus and Venture X Business cards only report when the account has negative information |
| Chase | Only accounts that are seriously delinquent |
| Citi | No |
| U.S. Bank | Only accounts that are seriously delinquent |
| Wells Fargo | No |
Source: Nerdwallet
When you apply for a new business credit card, the issuer checks your personal credit report. This hard inquiry will show up on your credit report and will temporarily lower your credit score. A hard inquiry can impact your credit score for six months to a year, but the impact is minimal compared to derogatory marks like missed payments.
Depending on the card and the issuer, the monthly activity of your business credit card may show up on your personal credit report. Many cards only report accounts that are delinquent due to nonpayment of balances.
Business credit cards typically only affect the primary cardholder who applied for the original card. Adding an authorized user can also affect the credit score of the original cardholder.
A business can also get employee credit cards, but these are linked to the company’s credit account. Employees may receive credit cards for business expenses to make purchases, as well as cover travel costs and other expenses. Much like a singular business card, the responsibility of paying the balance is up to the business owner or whoever applied for the original credit card account.
Staying in good standing with a business credit card can also help build business credit. When a business builds credit, it can help it get loans in the future and open additional credit accounts.
If you’re concerned about cash flow and your ability to pay your business credit card balance, you may not want a card that can affect your personal credit. Keep in mind that even if you choose a card that doesn’t report to the three major consumer credit bureaus, the card issuer may report a delinquent account to these bureaus.
It’s best to track your spending with these cards and create a budget to ensure you pay your bill on time every month.
A business credit card can help your business grow and provide convenience for various expenses. To get a business credit, you need to have a good credit score to increase your chances of approval. If you’re unsure of where your credit health stands, Lexington Law Firm can help.
Use our free credit assessment to see your score along with additional information about your credit health. We also provide a variety of other services, like challenging inaccuracies on your credit report, credit monitoring and much more, so sign up today.
Source: lexingtonlaw.com
First transfer bonus we’ve seen from Capital One to Qantas. Useful if you have a redemption in mind but I never recommend speculative transfers in case there is a devaluation.
Source: doctorofcredit.com
Are you looking for the best cash back apps? Finding ways to save money on everyday purchases is always a good idea. Cash back apps are a great tool to help you get some of your money back (and even free gift cards) on things you buy all the time. These apps can reward you…
Are you looking for the best cash back apps?
Finding ways to save money on everyday purchases is always a good idea. Cash back apps are a great tool to help you get some of your money back (and even free gift cards) on things you buy all the time. These apps can reward you with cash, points, gift cards, or discounts just for shopping like you normally do.
With so many cash back apps available, it can be hard to know which ones to use. Some apps focus on groceries, while others give rewards for travel, gas, or online shopping. By using the right cash back apps, you can make sure you’re making the most out of your spending.
In case you want a quick summary, my favorite cash back apps are:
There are many others on the list below that you may find helpful too!
These 14 best cash back apps will help you make extra money. You can get cash back for groceries, online shopping, and more.
Rakuten is a popular cash back app and site that lets you earn rewards on your everyday shopping. With Rakuten, you get a percentage of what you spend back as cash. It’s a simple and effective way to get free money while shopping at your favorite stores like Target, Macy’s, Walmart, Old Navy, Lowe’s, and many more.
Your cash back percentage depends on the store that you are shopping at but can vary anywhere from around 1% to over 10%, which can add up quickly!
Signing up is quick and free too. Once you create your account, you can start shopping on Rakuten’s website, app, or browser extension. When you shop through Rakuten, the stores pay Rakuten a commission. Rakuten then shares part of that commission with you as cash back.
One of the coolest things about Rakuten is how easy it is to find deals. You can earn cash back on clothes, electronics, restaurants, and even ride-sharing services like Uber. The browser extension helps you find the best coupons and cash back offers.
Rakuten also has a large user base with over 15 million members. They have paid out more than $3.2 billion in cash back since they started in 1999. On average, members earned about $100 in cash back in 2023.
Payment is easy too. You can choose to get paid via check or PayPal.
Please click here to sign up for Rakuten. Plus, you can get a $30 bonus when you spend $30 if you join right now (at the time of this writing; please double-check the current offer).
Fetch Rewards is a popular app that makes earning gift cards easy, and this is the app that I use for ALL of my grocery receipts. All you need to do is take a picture of your receipts using your phone.
Fetch Rewards lets you earn points by snapping receipts from any store. It works for grocery stores, clothing stores, restaurants, and even gas stations. The app also works with digital receipts from online purchases.
Some examples of what you can earn include 2,500 points for buying General Mills products, 1,000 points for Barilla Pasta, 750 points for Sara Lee bread, 5,000 points for trash bags, and more.
To get started, download the Fetch Rewards app and create an account. Then, shop as you normally do and scan your receipts to earn points. The process is quick and only takes about 10 seconds per receipt.
Once you earn enough points, you can redeem them for gift cards. These gift cards can be used at a variety of places like Amazon, Target, Starbucks, and many more. You can also choose to donate your points to charity.
The app is free to sign up for and use. There are no surveys to fill out or barcodes to scan, making it a hassle-free way to earn rewards.
You can sign up for Fetch Rewards here.
Swagbucks is a popular app where you can earn rewards for doing simple things online. You can shop, watch videos, take surveys, and even play games to get points. These points, called Swagbucks (SB), can be redeemed for gift cards or cash.
I have been using Swagbucks for years and I think it’s a great rewards site.
One great feature of Swagbucks is how easy it is to use. You can add a browser extension to automatically earn cash back on your purchases, and this makes it super convenient as you shop online.
Another nice thing is their “Magic Receipts” feature. You just need to upload your receipts from certain stores, and you’ll earn cash back. Many big retailers are included, making it easy to earn points.
With over 20 million users and a strong reputation, Swagbucks is trusted by many. They’ve paid out more than $935 million in rewards to their users.
Please click here to join Swagbucks.
Ibotta is a popular cash back app that helps you save money on groceries and more. It’s free to download and use and with Ibotta, you can earn real cash back on everyday purchases.
Using Ibotta is easy. You just head to the Ibotta app and add offers for things you want to buy before you go shopping. These offers can be for groceries, clothing, and even dining out.
Next, you shop at your favorite stores, both in-store and online. Ibotta partners with many stores and retailers, so you have plenty of choices.
After shopping, you can redeem your cash back. You do this by uploading your receipt or linking your loyalty card to the app. It’s a simple process that only takes a few minutes.
One great thing about Ibotta is that it offers cash back on a wide range of products from daily essentials like milk and bread to big-ticket items. For example, currently I can get 50 cents back on yogurt, 75 cents back on shredded cheese, $1.00 back on Cheerios, and more.
Another perk is the bonuses that Ibotta offers. These bonuses can give you extra cash back for redeeming certain offers or for reaching specific milestones.
The app is available on both iOS and Android, making it easy to use on most cell phones.
Ibotta is a great way to make some extra cash on things you already plan to buy. It’s perfect for anyone looking to save a little more each time they shop.
You can sign up for Ibotta here.
Upside (used to be called GetUpside), helps you earn cash back on fuel for your car (as well as restaurants and grocery stores, but I like to mainly use it for gas).
Using the Upside app is easy. You just sign up and find deals near you. The app shows you gas stations, grocery stores, and restaurants where you can get cash back.
You can earn up to 25 cents per gallon on gas and even more for diesel. Occasionally, you can get deals for higher. For example, I recently redeemed a deal to get 89 cents off per gallon – I received $15.00 in cash back!
For groceries, you can earn up to 30% back in select cities and when you eat out, get up to 45% back at many restaurants.
There are over 50,000 locations in the U.S. where you can save money with Upside. Major gas stations like BP, Shell, and Marathon are included.
To get started, just sign up for free, link your cards, and claim offers through the app. Then, make your purchases as usual, submit your receipts or use the check-in feature, and get your cash back.
Payments can be collected through PayPal, bank transfer, or gift cards.
You can check out Upside here to learn more.
Dosh is a cash back app that helps you save money without a lot of work. You link your credit or debit card to the app, and it automatically gives you cash back when you shop at participating stores or restaurants.
Using Dosh is easy too. After linking your card, just shop like you normally do. The app will take care of adding the cash back to your Dosh wallet. You don’t need to worry about scanning receipts or entering codes, which I think is very nice and convenient.
Dosh partners with many well-known brands, making it simple to save money. You can earn cash back at places like Walmart, Target, and Pizza Hut. The app also works with thousands of hotels, adding more ways to save.
One of the best things about Dosh is that it handles everything for you automatically. It deposits your rewards into your account. Once you reach a certain balance, you can transfer your cash to your bank, PayPal, or donate to charity.
If you like finding deals and saving money without effort, Dosh might be a great app for you. It makes saving easy and fun, helping you make the most of your purchases every day.
TopCashback is a great choice if you want to save money on your purchases. This app connects you with over 7,000 retailers, making it super easy to earn cash back.
To start, sign up for a free account. Then, search for your favorite store and click on the offer. After you shop, your cash back gets added to your account.
TopCashback stands out because it tends to have higher cash back rates compared to other apps. This means you can save more money on each purchase.
It’s important to note that while TopCashback is very user-friendly, I did find some reviews where some people find that it could improve in processing times for gift card purchases.
If you shop online often, TopCashback can help you earn cash back on your regular spending. The app is available on both iOS and Android, so you can use it on the go.
PayPal Honey is a browser extension that makes online shopping easier and cheaper. When you shop online, Honey automatically finds and applies coupon codes at checkout. You just add it to your browser and it starts working right away.
Honey works with over 30,000 stores. This includes big names like Amazon, Macy’s, and Nike, so there’s a good chance you’ll find a discount on something you’re buying.
Another cool feature is the Droplist. You can keep an eye on items you want to buy and get alerts when their prices drop, and this helps you buy things at the best time and save even more money.
Honey is free to use and easy to install. If you want to save money without the hassle of searching for coupon codes yourself, it’s worth trying out.
You can learn more about Honey by clicking here.
Shopkick is an easy way to earn rewards when you shop. You can get “kicks,” which are points, for doing simple things.
For example, you earn kicks just by walking into certain stores, and this makes it super easy to start earning rewards right away.
You can also earn kicks by scanning the barcodes of products in the store. Some items even give extra kicks when you buy them and submit your receipt.
Shopkick isn’t just for in-store shopping. You can also earn kicks when you make purchases online through the app.
Once you collect enough kicks, you can trade them in for free gift cards. These gift cards can be used at many popular stores, which gives you a lot of options.
The app is free to use, and it has a lot of participating stores. This makes it a great way to earn rewards on stuff you already buy.
Capital One Shopping is a handy tool for anyone who likes to shop online. It’s a browser extension that finds coupon codes while you shop. This makes saving money super easy because the tool does all the work for you. Just shop as usual, and it will automatically apply the best coupon codes at checkout.
I have Capital One Shopping installed on my browser, and I love how it helps me save money without me having to think about it. I used to always forget to look for coupon codes, or sometimes it would take forever to find a coupon code that worked. Capital One Shopping takes all of that wasted time and does it for you.
You can use Capital One Shopping on almost any browser, including Chrome, Firefox, Edge, and Safari. It’s also available as a mobile app for both iOS and Android. This means you can save money whether you’re shopping on your computer or your phone.
Another great feature is the price comparison tool. If you’re looking at an item, Capital One Shopping checks other websites to see if you can get a better deal.
Another perk is that you earn rewards points while you shop. These points can be turned into gift cards for many popular stores. It’s like getting a little cash back on your purchases. I recently redeemed $71.00 in free gift cards for simply just doing my normal online shopping.
You can also add items to a watchlist, and the tool will let you know if the price drops. This way, you can buy things at the best possible time.
Capital One Shopping is free to use and easy to install. Just add the extension to your browser or download the app and then shop as you normally do and enjoy the savings!
You can learn more in my Capital One Shopping Review.
Receipt Hog is a cash back app that helps you earn cash back by simply scanning your receipts.
You take pictures of your shopping receipts and upload them to the app. For each receipt, you get coins. These coins can then be exchanged for money through PayPal or gift cards.
The cool part is, you can use receipts from nearly any store. Whether you shop at a grocery store, department store, or even a gas station, you can take a photo of that receipt and earn coins.
Receipt Hog also has special bonuses and sweepstakes. Sometimes, you might get extra coins or the chance to win larger prizes. It’s a fun way to get rewarded for your everyday shopping.
Recommended reading: 14 Best Apps To Scan Receipts for Money
Checkout 51 is a user-friendly cash back app that helps you save on groceries, gas, and more. It’s free to download and simple to use.
With Checkout 51, you can look at their weekly offers and select the ones you like. When you buy those items, you just need to upload your receipt to the app.
New deals are added every week, so there is always something new to save on. It’s a great way to cut down on your grocery and gas expenses.
Receipt Pal is an app that makes earning rewards easy. You just need to scan your receipts and this app works with any store, so you can rack up points from grocery shopping, gas, dining out, and more.
Each time you scan a receipt, you earn points. These points can be turned into gift cards for popular retailers.
The app is free to use. You need to take a picture of your receipt within 14 days of your purchase. Once you upload the receipt, Receipt Pal will handle the rest.
You can also earn extra points by completing surveys and playing games within the app. This can make reaching your reward goals go more quickly.
Upromise is a cash back app that helps you save money for college. Instead of just giving you cash back for everyday purchases, it allows you to put those savings into a college fund. This makes it a great option for families planning for future education expenses.
When you shop through Upromise, you earn cash back on things you buy. It works with many stores and restaurants. You can also earn rewards by scanning receipts and dining at participating restaurants. The cash back can be automatically transferred to a 529 college savings plan.
Another cool feature is that you can also link someone else’s 529 plan to your account. This means grandparents or other family members can contribute to your child’s college savings too.
Upromise is a good way to turn your everyday spending into savings for the future. It helps make the dream of paying for college a little more achievable.
You may have questions about cash back apps. If so, then I would like to talk about them and how they work in this section.
Cash back apps help you save money on everyday purchases. By using these apps, you can get a percentage of your spending back in the form of cash rewards.
When you shop through a cash back app, the cash back app partners with retailers to earn a commission. Instead of keeping all the commission, the app shares a portion with you so that you will be persuaded to use their app more (everyone wins). This means you get back a small percentage of what you spent.
You start by downloading the app and creating an account. Then, you browse through the app’s partner stores to find the ones you like. When you make a purchase through the app, you earn cash back that you can usually redeem for PayPal, bank deposits, or gift cards.
Cash back apps can save you money without much effort. Every time you shop through these apps, you earn a little back on what you’re already spending. Over time, these small savings add up.
Many apps also give extra bonuses or special promotions, which means even more savings. These promotions can include higher cash back rates for a limited time or bonus cash for shopping in particular categories.
Plus, cash back apps are free to use, making them a simple way to save a bit on everyday purchases.
I use cash back apps all the time, and I like how they can help me save more money easily.
Below are answers to common questions about the top cash back apps.
Rakuten is known for giving a lot of cash back for online purchases, many times over 5%. Others, like Fetch Rewards, also give a good amount of rewards, especially for groceries.
Yes, cash back apps do work and you earn money or points for purchases you make. These apps partner with many stores to give you a percentage back.
I think that Fetch Rewards is the best for groceries. It has good deals on food items at many big grocery stores. You can scan receipts or link your store loyalty card to earn cash back.
Fetch is easier to use since you just scan any grocery receipt. Ibotta requires more work because you must select offers before shopping. Both are good. Ibotta typically pays a little more, but you do have to do a little more work to earn the points.
Rakuten and Capital One Shopping are top apps for automatic cash back. Once you download the browser extension, they automatically give you cash back at partner stores. It’s simple and requires no extra work.
Another way to get automatic cash back is by using cash back credit cards. The best rewards credit cards can give cash back of around 1%-2% automatically on your purchases.
To see if a cash back app is safe and legitimate, I recommend that you look for reviews and ratings in app stores.
I hope you enjoyed this article on the best cash back apps.
The best cash back apps can help you save money on things you buy every day with little effort. With these apps, you can earn rewards on groceries, eating out, online shopping, and more. Whether you want to save a bit of money or get the most savings, these apps have different features to help you.
Plus, depending on the cash back app, you can get your cash back directly to your bank account, PayPal account, or even through free gift cards.
The best cash back apps don’t have any fees either, so you can save money without having to spend any more.
What is your favorite cash back app?
Recommended reading:
Source: makingsenseofcents.com
If you’ve flown with Southwest Airlines, you know this budget carrier does things a little differently. From free checked bags to no seat assignments (though Southwest says it’s changing to assigned seats later this year), the Southwest experience — including its unique fare classes — is truly one-of-a-kind when it comes to domestic airlines.
So if you’ve ever wondered what the difference between the airline’s fare class options or how to navigate booking in Southwest, you’re in the right place. Here’s everything you need to know about Southwest fare types, how they’re different and what to expect with each.
There are four fare classes on Southwest flights:
Business Select.
Wanna Get Away Plus.
Wanna Get Away.
Here’s an overview of what each ticket type entails.
|
Business Select |
Wanna Get Away Plus |
Wanna Get Away |
||
|---|---|---|---|---|
|
Refundability |
Refundable. |
Refundable. |
Nonrefundable. |
Nonrefundable. Flight credit issued. |
|
Early boarding |
Priority boarding A1-A15. |
EarlyBird Check-In. |
||
|
Same-day change and standby |
Free same-day confirmed change. |
Free same-day confirmed change. |
Free same-day confirmed change. |
Free same-day standby. |
|
In-flight perks |
Complimentary premium drink. Free in-flight internet. |
|||
|
Points earnings |
Earn 12 Rapid Rewards points per dollar per qualifying flight. |
Earn 10 Rapid Rewards points per dollar per qualifying flight. |
Earn eight Rapid Rewards points per dollar per qualifying flight. |
Earn six Rapid Rewards points per dollar per qualifying flight. |
|
All the benefits of Anytime. |
All the benefits of Wanna Get Away+. |
All the benefits of Wanna Get Away. |
All ticket types come with additional benefits:
Two checked bags fly free (plus a carry-on and personal item).
No change fees if you need to switch flights (though you may have to pay the difference in fare depending on status and purchased fare type).
No cancel fees as long as you cancel more than 10 minutes before scheduled takeoff.
Flight credits received after changed or canceled flights don’t expire.
That said, you shouldn’t think of Southwest Airlines fares like you do fare classes on other airlines. For starters, there is no first or business class on Southwest flights. There aren’t even extra large seats like on Spirit Airlines or Delta Air Lines’ Comfort Plus (though that is also changing when Southwest reconfigures its airplanes next year). So upgrading to a higher fare class has more to do with other benefits than perks like more legroom or lay-flat seats.
This is the most expensive fare class that Southwest offers, but it comes with the most benefits and flexibility regarding flight changes and cancellations.
Tickets are fully refundable, meaning you’ll get refunded to your original form of payment (not just a flight credit) as long as you cancel your reservation at least 10 minutes before your flight is scheduled to take off.
Get automatic access to priority boarding in group A1-A15, meaning you’ll be one of the first to board and select where you want to sit.
Enjoy a free premium drink like beer or wine on flights that are at least 176 miles.
Get access to free in-flight internet, which is typically offered for an additional fee.
Earn 12 Rapid Rewards points per dollar, the most of any fare class.
Plus score all the benefits of Anytime fares like access to priority and express lanes for faster check-in and security.
The next highest fare class is Anytime, which still offers a fair amount of flexibility and point-earning potential, but at a slightly lower cost.
Tickets are fully refundable, meaning you’ll get a refund to your original form of payment as long as you cancel your reservation at least 10 minutes before your flight is scheduled to takeoff.
EarlyBird Check-In, which means you’ll get automatically checked in 36 hours before takeoff. That means you’ll have a better shot at an earlier boarding position, so you can be one of the first to claim a seat and coveted overhead bin space. EarlyBird check-in generally costs $15 to $99 each way per customer.
Access to Priority and Express Lanes (if available) so you can check in and even get through security faster.
Earn 10 Rapid Rewards points per dollar on your flight.
Plus score all the benefits of Wanna Get Away Plus fares like a transferable flight credit and free same-day changes.
For those who want to save some cash but are looking to earn a few more points per dollar spent on airfare, there’s Wanna Get Away Plus.
Fares are nonrefundable, but you will still receive a Southwest flight credit for the amount you paid if you cancel your travel plans.
If you cancel, you’ll receive a transferable flight credit that lets you transfer your credit to another Rapid Rewards Member.
The option to take advantage of free same-day confirmed flight changes if you need to switch your flight last minute (though taxes and fees may cost extra).
Earn 8 Rapid Rewards points per dollar.
Plus get all the benefits of Wanna Get Away, like free same-day standby.
This is Southwest’s base fare and the most affordable option for those looking for a no-frills booking.
Tickets are nonrefundable, but you will receive a flight credit if you cancel your travel plans.
Access to free same-day standby that allows you to keep your current flight and boarding position but also list yourself for standby on an earlier flight in case a seat is available.
Earn six Rapid Rewards points per dollar.
Naturally, which of the Southwest fares you should choose depends on how you like to travel and what kinds of point-earning potential you want. After all, the higher the fare class, the more Rapid Rewards points you’ll earn, which is compounded by the fact that you’ll also be spending more on the fare itself.
For example, a Wanna Get Away flight from San Diego to Dallas might cost $204. At six points per dollar, that means you’ll net 1,224 Rapid Rewards points. But a Business Select fare for the same flight costs $334 and scores you 12 points per dollar, resulting in a whopping 4,008 points.
According to NerdWallet valuations, Southwest Rapid Rewards are worth 1.5 cents each. Based on that valuation, 4,008 points are worth $60.12 and 1,224 points are worth $18.36. So, you would pay an extra $130 out-of-pocket to net $41.76 in extra value from the additional points earned.
If perks like early boarding, refundability, in-flight internet and a premium drink onboard sound good to you, then buying the higher ticket is worth it. But despite the significant difference in point earning potential, points alone may not be enough to warrant the upgrade.
That said, those reaching for elite status, which can be achieved by flying a certain number of segments or earning a set amount of points (starting at 35,000) may find it worth the higher cost.
But whether the difference in price is worth it depends on whether you’ll benefit from the other perks of higher fare classes like refunds, early boarding and transferable credits, so consider all of the costs and benefits together before deciding.
Source: nerdwallet.com
“Beginning in late 2022 and taking place over the last 18 months, we worked to transform our operation to align with our refocused strategy centered on retirement, the 55-plus demographic, and home equity,” president Kristen Siefert said in FOA’s earnings call. “With most of the work completed, we’ve turned our attention to strategic initiatives to … [Read more…]
When you think about making money online, chances are, you visualize selling something, whether it’s beaded necklaces you make, electronics you don’t use anymore, or a cool product you cooked up. But there are many ways to make money without offering a product, which can eliminate a lot of barriers to entry, along with the hassles of order fulfillment and shipping.
It’s not a cinch, but if you have a clever idea or some expertise, you can make money online without selling anything. For example, if you have an Instagram account with loads of followers, you might earn cash by creating a YouTube channel sharing the secrets of your social media success.
Think about where your strengths and skills lie: Is it coding? Then you might consider building an app. Do you know how to reach out to people and coalesce them into an active, supportive community? Then you might succeed in building a membership website.
Ready to find out how to make money with a website without selling anything? There’s inspiration ahead.
Key Points
• Various online income opportunities exist that do not require selling products, minimizing barriers to entry and logistical hassles associated with traditional selling.
• Starting a dropshipping business allows individuals to earn money by acting as a middleman between suppliers and customers without holding inventory.
• Creating a YouTube channel can lead to monetization through ads once a sufficient subscriber base is established, focusing on engaging content in a specific niche.
• Freelancing offers many ways to leverage skills such as writing or design, enabling individuals to work remotely and access various job platforms to find clients.
• Building a membership website can generate income by offering exclusive content to subscribers, fostering a community, and utilizing specialized web-building software for management.
Fortunately, there are many ways to make passive income online without manufacturing and selling a product in the traditional sense. If you dread the idea of renting a warehouse or packing up and shipping items, this will be good news.
For example, many influencers on YouTube make money simply by providing informational videos that people find valuable. Once they have a following, they make money through YouTube ads that run on their channel. Did you know, for instance, that YouTuber Mr. Beast set a new high-earning record recently of $54 million? While that’s hardly a typical achievement, it does show that the sky is the limit, as the saying goes.
Beyond YouTube, there are plenty of other ideas for how to make money with a website without selling anything. You might translate your tech knowledge and experience into building an app, or you could create a blog based on your favorite hobby that resonates with a particular audience.
Ready to dig into some specifics? From dropshipping to streaming, the following are 11 ways people make money online without actually manufacturing or selling products.
Dropshipping is one way to make money with a website without selling anything. Dropshippers sell products to customers, but they do not own or stock them. For the dropship business model, a customer places an order, and the dropshipper forwards the order to the supplier for a fee. The supplier then takes care of the shipping.
In essence, the dropshipper is the middle man. You don’t need to buy any items or manufacture anything yourself. And it can help you bring in some cash: One recent survey showed that dropshippers earn almost $20 an hour.
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A YouTube channel can be lucrative once you have 1,000 subscribers. At that point, YouTubers can monetize their channel by accepting ads. How do you get 1,000 subscribers? By providing content that people want to see.
That could be showing off your cake decorating skills, your super cute Pomeranian puppy, or your ability to do your own taxes quickly and correctly. Choose a niche where you have expertise and create compelling content on that topic. Use clever headlines that will draw people to your channel, plus keywords to optimize them for YouTube searches and help you gain traction. Keep viewers engaged by producing a series of videos on a topic so that they continue to tune in.
Recommended: Can You Make a Living on Social Media?
Have ideas, intel, and opinions you’d like to share? Why not start a blog, which is similar to starting a YouTube channel. The cost of running a blog can be minimal, and it can be an exciting way to share your passions in life. You can create content on a niche topic that people are curious about and that you love. It could be travel, DIY advice, fashion, fitness, or finance.
If you are good, you can build a following. Once your following is big enough, companies will pay you to promote their products or services on your blog through ads and links. Brands may even sponsor you to write about them or invite you to write blogs for their own sites.
If you find demand for your content, you could build a website for subscribers only and charge for the membership. The idea is to build a community of like-minded people who want to share knowledge and access exclusive content. A paid membership could offer videos, webinars, other educational products, and the ability to interact with other members.
Membership web-builder software can help you build a site and wrangle your followers, or you could use a third party to do it for you. The software allows you to register new members; process monthly dues, donations, and event payments; update member profiles; send emails to members about upcoming events, and send invites. A simple website builder will run from $20 to a few hundred dollars per month, and help you get your site up and running and hopefully growing.
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You probably have had some work-from-home experience due to the pandemic. You might want to transition even more to remote work. Some careers can be transferred to the digital environment. For example, writers, teachers, designers, and coders can all learn how to make money from home. There are marketplaces for freelancers, such as Fiverr and Upwork, and you can establish a website of your own to pull in work.
There are also many job boards for freelancers, such as Flexjobs.com. Freelancers need to build a portfolio of work, which may require taking on lower-paying jobs at first as you work your way up.
Recommended: 15 Low-Cost Side Hustles
Being a writer is an aspiration for many people, and there happens to be a huge market for website content. Many companies want to create informative blogs with SEO-optimized articles that will drive traffic to their websites. If you have expertise and knowledge in a niche area, you could write engaging articles for companies in that niche. Companies want ghostwriters, but there are also opportunities for bylined articles. Look for writing jobs on job boards like Flexjobs.com and Upwork.
This is a fun one: You can make money online without selling by being a product tester. Brands often need people to try out their products to see how they rate with consumers. In return for their time and feedback, product testers may receive payment in the form of cash, merchandise, and gift cards.
Popular products for testing include toys, food, electronics, beauty products, household products, baby products, clothes, and websites. These gigs may pay about $25 an hour and can sometimes feel like play time.
You might also take surveys and provide feedback on marketing ideas online, as well. Sign up with a market research firm like I-Say by Ipsos, Opinion Outpost, and Branded Surveys to get started.
Looking for more ways to make money online without selling stuff? Let’s say you write a blog that benefits a community. For example, you might be someone on the autism spectrum and blog about your experiences for a supportive audience. You can use a free app like “Buy Me a Coffee” to accept micropayments on your blog; this allows people who want to show their appreciation to send you a bit of money. Readers click on a widget on your blog to donate a few dollars to your site.
One step up from accepting micropayments is to request donations directly. An example is Wikipedia, which intermittently asks its visitors to donate to fund the site’s research. Another example is virtual tip jars that appear on websites. Basically, it’s a way to monetize a website. You can collect feedback from engaged users at the same time to better understand what visitors would like to see on your site.
Even if you are not a coder or app developer, you might have a great idea for an app that would make people’s lives simpler, better, or just more fun. Once you have an idea, a market that you’re targeting, and a brand concept, you can hire an app creator to do the coding for you. Once you have the app, add it to the App Store or Google Play. Start with a free app, and if it is a success, you can offer add-ons or premium features for a fee.
Recommended: How to Pay for Coding Bootcamps
Chances are, you’ve heard of Twitch, the streaming platform that has expanded from gaming to a variety of content types, such as sports and entertainment. Still, gaming is its heartbeat, and Twitch streamers can monetize their love for the platform by sharing their gameplay with fans and subscribers who can hear and watch them live.
Streamers can gain a sizable following by providing consistent entertainment, and they can then sell products and Twitch ads. They can also land brand sponsorships, obtain fan donations, and sell subscriptions. Of course, not everyone will be a success at this, but those with the right skills and personality can thrive. For those who gain a real following, earnings can be in the $3,000 to $5,000 a month range if working 40 hours a week.
You might not become a billionaire by choosing an online gig, but you can certainly supplement your day job or help with your college expenses. Making money online is flexible, and you can leverage your expertise and your niche. Start small and see where it leads.
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How to make money online without selling anything comes down to creative thinking and a will to experiment. It’s actually a very accessible marketplace for anyone; you can avoid the typical startup costs en route to making a profit. Plus, you can work from home and tap your particular skills, whether that means creating fitness videos or developing an app.
Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 4.60% APY on SoFi Checking and Savings.
How to make money online without selling products is not difficult as long as you pick the right niche. It helps to choose an activity where you have an interest and skills. You also need to be creative if you want to scale. Some tenacity and determination will help when you experience a lull or want to get to the next level and grow organically.
There are so many online and offline resources where you can learn skills. If you are interested in programming, you can learn coding languages online. If you are interested in marketing, you can take a course and get certified in Google Analytics and Google Ads. YouTube and webinars can help you train up; just do your research and make sure the so-called expert has solid credentials.
Donation requests work if people value what you are doing. There are quite a few scams out there, and people are becoming more wary. However, if you can establish a following and provide content of value, you’re onto something. The trick is to engage people by connecting them to a community that means something to them.
Photo credit: iStock/Eva-Katalin
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit 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, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 4.60% 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 4.60% 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 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.
SOBK0822023
Source: sofi.com
From the rolling prairies and picturesque sunflower fields to dynamic cities like Wichita and Topeka, Kansas offers a blend of natural beauty and urban excitement. But, what is Kansas known for? Whether you’re considering renting a home in Kansas City, looking to settle into an apartment in Lawrence, or just planning a visit, you’ll soon find that this state has much more to offer than meets the eye. In this article, we’ll discuss what makes Kansas special and why so many proudly call it home. Let’s jump in.
Kansas is forever linked to “The Wizard of Oz,” the beloved story that takes place in the fictional town of Emerald City. The Oz Museum in Wamego showcases memorabilia and exhibits related to the book and the iconic 1939 film. Fans of the story can explore the museum’s collection, which includes original costumes, props, and rare artifacts. The connection to this classic tale adds a touch of magic to Kansas, making it a must-visit for any Oz enthusiast.
The Tallgrass Prairie National Preserve near Strong City protects one of the last tallgrass prairie ecosystems in North America. The preserve offers miles of hiking trails, scenic vistas, and opportunities to see bison herds roaming the prairie. Additionally, you can go on guided tours and see educational exhibits to learn about the natural and cultural history of the prairie.
Kansas is famous for its barbecue, particularly Kansas City-style ribs. These ribs are known for their slow-cooked, smoky flavor and are typically served with a tangy tomato-based sauce. Popular barbecue joints like Joe’s Kansas City Bar-B-Que and Gates Bar-B-Q are celebrated for their mouth-watering ribs, brisket, and burnt ends. Locals and tourists alike savor the slow-cooked meats, often accompanied by classic sides like baked beans and coleslaw. This barbecue tradition has earned Kansas City a reputation as one of the best places for barbecue in the United States.
The Boot Hill Museum in Dodge City gives toy glimpse into the Wild West era, showcasing the town’s colorful history through exhibits, artifacts, and live reenactments. While here, you can tour historic buildings, watch gunfight shows, and learn about the lives of famous figures like Wyatt Earp and Bat Masterson. The museum’s engaging displays and events capture the spirit of the Old West, making it a must-visit for history enthusiasts and those interested in the frontier lifestyle.
The Tallgrass Film Festival is a premier event that celebrates independent filmmaking. This five-day festival showcases a diverse selection of films from around the world, including documentaries, shorts, and feature films. Attendees can participate in Q&A sessions with filmmakers, attend workshops, and enjoy networking events.
The Amelia Earhart Birthplace Museum in Atchison honors the legacy of the pioneering aviator who was born in this small Kansas town. The museum, housed in Earhart’s childhood home, offers a glimpse into her early life and her groundbreaking achievements in aviation. Popular exhibits include personal artifacts, photographs, and memorabilia that celebrate her adventurous spirit.
Monument Rocks, also known as the Chalk Pyramids, are stunning natural limestone formations in Gove County. These towering rock structures, some reaching up to 70 feet, are one of Kansas’ most impressive geological wonders. Visitors often explore the area, taking in the scenery and photographing the unique formations. Designated as a National Natural Landmark, Monument Rocks is a testament to the ancient inland sea that once covered the region.
The Prairie Fire Festival is an annual event held in the Flint Hills area. The festival celebrates the region’s natural heritage and the role of fire in maintaining the prairie ecosystem. During the festival, you see educational exhibits, live music, and a spectacular evening burn where participants can witness the controlled burning of the prairie. This event highlights the ecological importance of fire and fosters a deeper appreciation for the unique Flint Hills landscape.
The Strataca museum takes you on a fascinating journey into an active salt mine 650 feet below the Earth’s surface. Visitors can explore the underground chambers, learn about the mining process, and see exhibits like the Salt Safari Shuttle. Strataca provides a rare glimpse into Kansas’ salt mining industry, making it a unique attraction in the state.
The Cosmosphere is a world-renowned space museum and science center. The center is known for holding one of the largest collections of U.S. and Russian space artifacts. Key exhibits include the Apollo 13 command module, the Liberty Bell 7 Mercury capsule, and an impressive array of rockets and space suits. With the interactive displays, planetarium shows, and educational programs, the Cosmosphere is an exciting destination for visitors of all ages.
The Kansas State Fair is a beloved event showing the best of the state’s agriculture, crafts, and entertainment. This 10-day event draws thousands of visitors who come to enjoy the carnival rides, livestock shows, and live music performances. Also, the fair features various competitions, from baking contests to tractor pulls. Feeling hungry? The Kansas State Fair is the perfect place to indulge in classic fair foods like funnel cakes and corn dogs.
Source: rent.com
Olympia, often referred to as “The Evergreen Capital,” is a place of stunning natural beauty and rich cultural heritage. With its lush forests, charming neighborhoods, and a vibrant arts scene, it’s no wonder that many people dream of calling Olympia their home. However, life in this picturesque city comes with its own set of challenges. So whether you’re searching for a cozy apartment in downtown Olympia or a quiet apartment in the Eastside neighborhood, you’ve come to the right place.
In this ApartmentGuide article, we’ll explore the various pros and cons of living in Olympia, helping you decide if this Pacific Northwest gem is the right place for you.
Olympia is surrounded by stunning natural landscapes, including the Puget Sound, lush forests, and the majestic Olympic Mountains. The city’s proximity to nature offers numerous outdoor recreational activities such as hiking, boating, and bird watching. Residents and visitors alike can enjoy the scenic views and diverse wildlife, making it an ideal location for nature enthusiasts.
Popular outdoor spots in Olympia
Olympia is known for its rainy weather, particularly during the fall and winter months. The city receives an average of 50 inches of rain per year, which can be a drawback for those who prefer sunnier climates. The consistent precipitation can lead to overcast skies and damp conditions that persist for much of the year. Residents need to be prepared for the wet conditions by investing in good rain gear and ensuring their homes are equipped to handle the moisture.
Olympia has a strong sense of community, with numerous events and festivals that bring residents together. The city’s friendly atmosphere makes it easy to get involved in local activities and meet new people. Events like the Olympia Farmers Market, Arts Walk, and Harbor Days offer opportunities for residents to connect and celebrate local culture. Additionally, various neighborhood associations and community organizations help foster a sense of belonging and civic engagement, making it an attractive place for those seeking a close-knit environment.
The cost of living in Olympia is approximately 15% higher than the national average. Housing is a significant factor, with the median sale price for a home in Olympia around $525,000 and the average rent for a one-bedroom apartment in Olympia about $1,425 per month. Additionally, utilities are 5% less expensive, but other costs like groceries are 8% higher, transportation is 30% more, and healthcare costs are 22% above the national average. These factors can make it challenging for residents to manage their budgets effectively.
Olympia features a vibrant cultural and arts scene, offering a wealth of creative experiences for residents. The city is home to a variety of galleries, theaters, and music venues, such as the Washington Center for the Performing Arts and the Olympia Film Society. The annual Olympia Arts Walk and the Procession of the Species are highlight events that showcase the city’s artistic talent and community spirit. Local galleries like the Art House Designs and Childhood’s End Gallery display works by regional artists, while music venues like Rhythm & Rye host a variety of live performances.
While Olympia has a public transportation system, it is limited compared to larger cities. Intercity Transit provides bus services, but the routes and schedules may not be convenient for all residents. The city has a transit score of 35, a walk score of 39, and a bike score of 59, indicating moderate walkability and bike-friendliness but also highlighting areas for improvement.
Olympia is dedicated to sustainability and environmental preservation. The city supports green living through initiatives like extensive recycling programs, renewable energy projects, and efforts to protect local ecosystems. Olympia has also embraced urban planning strategies that encourage walkability and the use of public transportation, aiming to reduce the carbon footprint of its residents. The city’s commitment to sustainability attracts environmentally conscious individuals and enhances the overall quality of life, making it a model for green living in the Pacific Northwest.
While Olympia offers a variety of dining and entertainment options, its nightlife scene is not as vibrant as larger cities. The city has a more laid-back atmosphere, with fewer late-night venues and entertainment options. Residents seeking a bustling nightlife might find the options limited.
Olympia offers a diverse culinary scene, with many restaurants offering cuisines from around the world. The city is known for its food festivals, such as the Olympia Harbor Days and the Olympia Brew Fest. Additionally, the city’s numerous farmers’ markets and local eateries provide residents with fresh and delicious options year-round.
Popular restaurants in Olympia
While Olympia has a growing economy, the job market is somewhat limited compared to larger metropolitan areas. The city’s economy is primarily driven by government, healthcare, and education sectors. Those seeking employment in more specialized fields may find fewer opportunities available.
Top employers in Olympia
Olympia is a paradise for outdoor enthusiasts. The city’s proximity to the Cascade Mountains and the Puget Sound provides easy access to world-class skiing, hiking, mountain biking, and water sports. Residents can enjoy year-round outdoor activities, from snowboarding at Crystal Mountain to kayaking on Budd Inlet.