“I would encourage him to, when he writes his rent check every month, look at what the delta is between his hypothetical new mortgage payment and what he’s paying for rent,” she said. By consciously putting that difference into savings, the client can gauge whether his budget could handle the increased cost without compromising his … [Read more…]
It’s now possible to activate all 5% category credit cards for the fourth quarter of 2024, including the Chase Freedom, Chase Freedom Flex, Discover IT, Citi Dividend, US Bank Cash+ and some smaller cards. In this post we’ll provide the activation link for each card and links to track your spend, along with strategies to help increase spend in these categories.
Dates: October 1st – December 31, 2024. Store purchases can usually be done until the last minute while online purchases should be given a buffer zone since the charge typically posts on the shipping date.
Activation Link / FAQ / Sample Stores & Exclusions / Our original post
With the Chase Freedom and Freedom Flex cards, activate to earn 5% back this quarter on up to $1,500 in spend at Paypal, McDonald’s, Pet Shops and Vet Services, Select Charities.
Tip: Click this link (login required) to check how far you are along the $1,500.
Activation Link / Our original post
With your Discover card, activate to earn 5% back this quarter on up to $1,500 in purchases at Amazon.com and Target.
Activate to earn 5% Cashback Bonus at Amazon.com and Target from 10/1/24 (or the date on which you activate 5%, whichever is later) through 12/31/24, on up to $1,500 in purchases. Amazon.com purchases include those made through the Amazon.com checkout, like digital downloads, Amazon Fresh orders, Amazon Local Deals, Amazon Prime subscriptions, and items sold by third party merchants through Amazon.com’s marketplace. This also includes purchases in-store at Amazon Go and Amazon Fresh. Purchases made online and in-store with Whole Foods Market are not included in the promotion. Amazon, the Amazon.com logo, the smile logo, and all related marks are trademarks of Amazon.com, Inc. or its affiliates. Target purchases include those made in-store at Target, Target.com, or through the Target app. Purchases from individual merchants and stand-alone stores within physical Target locations may not be eligible for this promotion. Purchases made online or through the Target app from Target affiliates, individual merchants, or stand-alone stores may not be eligible for this promotion, including, but not limited to, targetoptical.com and targetphoto.com. Target and the Bullseye Design are registered trademarks of Target Brands, Inc. Listed merchants are in no way sponsoring or affiliated with this program.
Tip: Login, then click this link to see you how far along the $1,500 you are.
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With your Dividend card, activate to earn 5% back this quarter at Restaurants and on Citi Travel. Citi is different than the other cards in that you have a $6,000 annual cap rather than a $1,500 quarterly cap. You can get 5% back on up to $6,000 in this quarter, you can save the entire amount for a different quarter, or you can use part up each quarter.
Activation link | Merchant List | Our Original Post
U.S. Bank Cash+ and Elan Max offer 5% cash back in two categories, up to $2,000 combined total per quarter. Keep in mind that Car Rentals was recently replaced with TV, Internet, and Streaming Services.
Here are the current options:
Tip: Login here, then scroll down and click on the red “View Your Cash+ History” button.
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The U.S. Bank Shopper Cash Rewards comes with a $95 annual fee and offers 6% cashback on your first $1,500 in combined eligible purchases each quarter with two retailers you choose. Options include Amazon, Apple, Best Buy, Home Depot, Lowe’s, Walmart, Target, and many more. You must enroll each quarter for two retailers.
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The Cash Rewards card from Bank of America offers 3% back on one selected category, up to $2,500 per quarter. If you don’t select anything it defaults to gas. Once you selected a category for one quarter, that remains your category in the future unless you change it. Each calendar month you can change it if you’d like, but you’re always limited to $2,500 for the entire quarter.
This category is especially lucrative for those who have Preferred Rewards status with Bank of America which can get you 5.25% back on one of these categories at the higher relationship level.
Lots of useful categories here. Important note: the Cash Rewards card also offers 2% back at grocery stores and wholesale clubs up to $2,500 per quarter, and that $2,500 limit combines with the Category Selection limit. After spending $2,500, you’ll earn 1% back on everything.
Landing Page | Our Original Post
This is on top of the regular 1% for a total earn of 6% back. (apparently no longer the case)
Landing Page | Our Original Post
the 5% program is ending on October 1st.
Landing Page | Our Original Post
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Safe Credit Union Cash Rewards Visa card offers 5% this quarter on your choice of one category each quarter (with no apparent limit). This quarter the categories are:
Source: doctorofcredit.com
Thanks to high demand and inflation, the cost of home repairs has been on the rise in recent years. In 2023, the average household spent $2,458 on maintenance and $1,667 on emergency repairs, according to Angi’s State of Home Spending Report. The report also found that total spending across home improvement, maintenance, and emergency repairs increased 6% compared to 2022.
The most common home repairs include the usual suspects: electrical, plumbing, HVAC, water damage, and termite damage. Keep reading to learn more about these issues and the cost of repair or replacement, so you can be prepared when reality bites.
Low-cost preventive measures — like cleaning your gutters or getting your heating and cooling systems serviced annually — can help keep common home repair costs down. But even with the best preparation, surprises (like a busted pipe or roof leak) happen, and when they do, you can be on the hook for thousands of dollars. Whether you’re a new or longtime homeowner, it’s a good idea to plan for — and budget for — home repairs.
Below is a roundup of the most common home repairs and average costs.
Recommended: How to Pay for Emergency Home Repairs
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A number of different issues can occur with foundations, some of which are more serious (aka, costly) than others. Among the most common problems are foundation cracks, which can be caused by house settling or changes in soil pressure around the home. Cracks can lead to water damage or cause the walls in your foundation or home to bow. Foundations can also begin to sink, due to changing weather patterns, nearby tree roots, or erosion.
Since the foundation is the footprint of your home, repairs can be complicated and expensive. According to Angi, foundation repair costs can range anywhere from $2,196 to $7,921.
Average cost of foundation repair: $5,056
While there are many home repairs you can safely DIY, electrical issues and wiring are generally best left to professional electricians. Working with live wires can be dangerous and faulty electrical work can be a significant fire hazard. Some signs you may need to call an electrician include:
• Burning smell coming from an outlet
• Buzzing or sizzling noises coming from an outlet
• Flickering lights
• Outlets feel hot to the touch
• You have 2- rather than 3-prong outlets
• Circuit breaker continually trips
• Appliances spark when plugged in
Depending on the length and complexity of the job, the cost of hiring an electrician ranges between $163 and $535. Installing a new outlet can run $200 to $300, for example, while replacing a breaker panel can cost anywhere from $520 to $2,120.
Average cost of electrical repairs: $348
Recommended: What Is the Cost to Rewire a House?
Your roof protects your home from the elements, so it’s important to keep it in top condition. If you notice any damage or signs of wear and tear, you’ll want to address them sooner rather than later. This can help prevent small problems from becoming serious and expensive. Signs that your roof may be compromised include broken, cracked, curling, or missing shingles, and any interior signs of water damage (such as dark spots or discoloration on walls or ceiling and/or mold or rotting wood in the attic).
The cost of a roof repair will depend on your home’s location, roofing material, size of your home, and the type of roof. On average, costs run between $391 and $1,901. By contrast, a full roof replacement can run between $5,900 to $12,900. Due to the significant price difference, you would generally only invest in a new roof if the damage to your existing roof is extensive or the roof is near the end of its life.
Average cost of roof repairs: $1,133
Due to mineral buildup and the routine breakdown of components, water heaters do not last forever. Depending on how extensive the repairs your water heater requires, you can be on the hook for a new unit entirely. And if you’ve ever taken a cold shower in the middle of winter, you know this is one repair that is essential to your quality of life.
On average, homeowners spend anywhere from $221 to $980 on water heater repairs. Your actual bill will depend on the cost of the part needed for the fix, how much your local water heater professional charges for labor, and the length of the job. Where you live and where the water heater is located in your home can also impact costs.
Average cost of water heater repairs: $600
Water damage is fairly common. It can result from a crack in an old pipe, a leaky roof, an unusually strong storm, or sewage backup. To prevent mold growth and further damage, it’s best to fix the issue and clear out moisture as soon as you spot it.
Water damage restoration can involve replacing wallboard, flooring, and/or ceilings, as well as ensuring that no mold spores are left behind to spread once the repairs are complete. Two important factors influencing price are the square footage affected and the type of water (i.e., whether it’s clean or has been contaminated with potentially harmful substances). The cost of water damage restoration generally ranges between $1,300 and $5,600.
Average cost to fix water damage: $3,300
Replacing older pipes is a common home repair often needed after a home inspection. Common problems include dated construction materials with a known problem in their manufacturing, signs of corrosion, clogs, and leaks. And because pipes run behind walls and underground, repair costs often include patching up interior holes and dug-up yards.
The good news is that not all leaks, burst pipes, and signs of corrosion require replacing large amounts of plumbing. Often, a plumber can replace a small section of the pipe affected by the damage. The cost to install pipes for a repair ranges from $370 to $2,108, though it can run higher if the damaged pipes are difficult to access.
Average cost to install pipes: $1,237
Recommended: Renovation vs Remodel: What’s the Difference?
A septic tank contains and filters household wastewater. If it is damaged or not functioning properly, it’s important to deal with the problem quickly — otherwise, you could be dealing with a smelly and costly mess. Sewage backups can occur when the septic tank becomes clogged or full, there’s a problem with devices within the tank, or there’s a blockage in the home’s main drain line leading to the tank.
Depending on the type of repair, tank size, permits, and other factors, the cost of a septic tank repair runs, on average, between $630 and $3,035. A small fix like repairing a septic tank lid could cost less ($150 to $500); but if you need to replace the tank, you could be looking at a bill as high as $9,500.
Average cost to repair a septic system: $1,831
Your home’s HVAC (which stands for heating, ventilation, and air conditioning) system plays a key role in keeping your home comfortable to live in. Though there are many different types of HVAC systems, they generally all work by using energy to heat or cool the air to a desired temperature. The system may also add/remove moisture and filter your home’s indoor air.
An HVAC system typically has two main components: a heater (which could be a furnace, boiler, or heat pump) and an air conditioning (AC) unit. The type of system you have and the component that’s broken will significantly influence the cost of repairs. For example, an AC system repair can run anywhere from $450 to $2,000, while a furnace repair tends to run between $130 and $1,200. On average, homeowners spend between $130 and $2,000 on HVAC repairs.
Average cost to fix a heating or air conditioning system: $350
Mold develops inside homes as a result of moisture and can lead to health problems. Signs that you may have a mold problem include:
• Musty odor in a specific area
• Discoloration on the walls
• Peeling, cracking, or warping of floors or walls
• Leaks or water damage
• Darkening around tile grout
• Worsening of allergy symptoms
While you may be able to remove small amounts of mold yourself (provided you’re certain the mold isn’t toxic), often the best option is to hire a mold remediation professional.
The cost for mold removal will vary widely depending on where it is located in your home. Mold growth in hard-to-reach areas, like drywall or your HVAC system, generally costs more to remediate since it can require more time, materials, and labor. The size of the infestation and the type of mold that is growing also influence costs. On average, mold removal runs between $373 and $7,000.
Average cost of mold removal: $2,362
The problem with termites is that they literally eat away at your house. They can also eat through your budget: The cost to repair termite damage can range anywhere from $1,000 to $10,000 or even more.
Generally, the longer termites chew on the wooden structure of your home, the more costly the repair will be, so it’s key to recognize — and deal with — any signs of a termite infestation early. If you catch a termite problem early, for example, you may only need to replace a few damaged boards or joists, which can run from $250 to $1,000. If the problem goes on for a while, however, you may need to replace damaged walls, framing, or floors — at a cost of $1,000 to $3,000. Worst-case scenario: Termites do enough damage to your home’s infrastructure (like beams or load-bearing walls) that it becomes structurally unsound. A major termite repair job can run from $3,000 to $10,000-plus.
Average cost to repair termite damage: $3,000
Trying to predict — and budget for — home repairs can be challenging. However, there are several rules of thumb that can help homeowners:
• The 1% Rule. One common guideline is to set aside approximately 1% of your home’s value annually for home maintenance. So if your home is worth $500,000, you’d want to have $5,000 tucked away in savings to cover general upkeep and repairs for the year.
• The Square Foot Rule. Since a larger home typically costs more to maintain than a smaller one, another formula is to use the square footage of your home to estimate maintenance and repair costs. With this approach, you set aside $1 for every square foot of livable space. So if your home is 2,300 square feet, you would want to have $2,300 in savings earmarked for home repair costs.
• The 10% Rule. With this rule of thumb, you put aside 10% of all your main monthly expenses (such as mortgage, taxes, and insurance) for your monthly home maintenance budget. For example, if your mortgage is $1500/month, taxes are $300/month, and insurance is $150/month (a total of $1950), your budget for home maintenance would be roughly $195 per month or $2,340 a year.
If you don’t have enough savings to cover the cost of a necessary home repair, there are financing options, including home equity lines of credit (HELOC) and credit cards (though this can be an expensive choice).
You can also use a personal loan to cover the cost of home repairs or improvements. Available through banks, credit unions, and online lenders, this type of loan (sometimes called a home improvement loan) typically doesn’t require any type of collateral or home equity. However, you usually need good to excellent credit to qualify.
It’s tough to predict the cost of home repairs. Different budgeting standards suggest putting aside 1% of your home’s value or $1 per square foot annually. In 2023, the average household spent $2,458 on maintenance costs and $1,667 on emergency repairs. Among the priciest home repairs are major foundation work (up to $7,921), roof replacement (as much as $12,900), and septic tank replacement (which can run $9,500). Even expenses like fixing termite damage or replacing a broken water heater can all but consume your savings.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
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.
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.
SOPL-Q324-035
Source: sofi.com
Sacramento is a growing city that presents a unique balance of urban amenities and suburban comfort. Sacramento is known for its proximity to both the Bay Area and Lake Tahoe, offering residents the best of both worlds.
If you’re thinking about moving to Sacramento, it’s important to weigh the city’s specific advantages and disadvantages. Here’s an in-depth look at some of the most prominent pros and cons of living in Sacramento.
Walk Score: 49 | Bike Score: 67 | Transit Score: 34
Median Sale Price: $508,000 | Average Rent for 1-Bedroom Apartment: $2,152
Sacramento neighborhoods | Houses for rent in Sacramento | Apartments for rent in Sacramento | Homes for sale in Sacramento
Living in Sacramento is generally more affordable than other major California cities like San Francisco or Los Angeles. Housing costs, while rising, remain significantly lower, and everyday expenses are more manageable, making it attractive to those seeking a budget-friendly option in California.
Sacramento’s summer temperatures frequently climb above 90 degrees, often hitting triple digits. The heat can be intense, especially for those unaccustomed to long stretches of high temperatures, and it can make outdoor activities less enjoyable during the summer months.
Sacramento is perfectly placed for outdoor enthusiasts. The Sierra Nevada Mountains, Lake Tahoe, and Napa Valley are all within a two-hour drive, providing plenty of opportunities for hiking, skiing, and wine tasting. The nearby American River also supports kayaking, biking, and other outdoor activities.
While Sacramento has a public transportation system, it isn’t as extensive or efficient as systems in larger cities. Buses and light rail services are available, but they don’t always reach suburban areas, making owning a car a necessity for many residents.
As the capital of California, Sacramento has a strong job market in government-related industries. Additionally, the healthcare industry is a significant employer, with large hospitals and medical centers like UC Davis Health providing job opportunities for those in the medical field.
Like many cities, Sacramento struggles with traffic congestion, particularly during rush hour. The commute along I-5, Highway 50, and I-80 can be frustrating, with bottlenecks forming on key routes into downtown. Driving times can increase significantly during peak hours.
Living in Sacramento means being surrounded by historical landmarks and attractions. The city is known for its Gold Rush history, Old Sacramento’s preserved brick buildings, and the State Capitol. Residents can easily immerse themselves in California’s past while exploring museums and historical sites.
Sacramento occasionally suffers from poor air quality, especially during wildfire season. Smoke from nearby forest fires can blanket the city, leading to air quality advisories that impact outdoor activities and health. Those with respiratory issues should be aware of this periodic challenge.
Sacramento is known as America’s Farm-to-Fork Capital, boasting access to fresh, local produce year-round. The city has a flourishing food scene, where restaurants pride themselves on sourcing ingredients from nearby farms. You’ll find farmers’ markets, seasonal events, and plenty of locally-sourced restaurants.
Though Sacramento remains more affordable than other larger California cities, its housing market is becoming increasingly competitive. Many people are relocating from the Bay Area, driving up demand and prices for homes. Renters and buyers may find it more difficult to secure affordable housing than in the past.
Sacramento boasts an active arts and music community, with galleries, theaters, and music venues scattered throughout the city. Events like Aftershock Music Festival and Second Saturday Art Walk highlight local talent, offering residents opportunities to engage with the arts.
Due to its location near the confluence of the Sacramento and American Rivers, the city is at risk for flooding during heavy rains or rapid snowmelt from the Sierra Nevada Mountains. While flood control measures are in place, residents should be aware of this potential risk, especially in certain neighborhoods.
Sacramento is home to the Sacramento Kings, providing fans with the chance to watch professional basketball locally. Additionally, the city’s close proximity to the Bay Area allows residents easy access to see teams like the San Francisco Giants and Golden State Warriors.
While Sacramento’s downtown area is walkable, many suburban neighborhoods are car-dependent. Public transportation doesn’t reach all areas efficiently, so residents in these neighborhoods often rely on driving for errands, commuting, and leisure activities.
Source: rent.com
The main difference between a soft vs. hard credit check is that each hard check can knock a few points off your credit score, whereas soft checks don’t affect your score. Both hard and soft checks pull the same financial data but for different purposes. Hard checks are typically done when you apply for a loan or credit card; soft checks are conducted for most other purposes, such as pre-screening for credit card offers.
It’s important for consumers to understand this difference because too many hard checks — also known as hard pulls and hard inquiries — can significantly lower your credit score. This in turn can hurt your chances of getting the best offers on credit cards and loans. Keep reading to learn more about credit checks and how to prevent unnecessary hard checks of your credit file.
A soft inquiry is when a person or company accesses your credit as part of a background check. They will be able to look at:
• The number and type of all your credit accounts
• Credit card balances
• Loan balances
• Payment history for revolving credit (credit cards and home equity lines of credit)
• Payment history for installment loans (auto loans, mortgages, student loans, and personal loans)
• Accounts gone to collections
• Tax liens and other public records
Soft inquiries are not used during loan or credit card applications, and do not require the consumer’s permission or involvement. Reasons for a soft check can include:
• Employment pre-screening
• Rental applications
• Insurance evaluations
• Pre-screening for financial offers by mail
• Loan prequalification
• Checking your own credit file
• When you’re shopping personal loan interest rates or credit cards
Soft credit checks do not affect your credit score, no matter how often they take place. Some soft checks appear on your credit report, but not all — you may never find out they took place.
When they are listed, you might see language like “inquiries that do not affect your credit rating,” along with the name of the requester and the date of the inquiry. Only the consumer can see soft inquiries on their report; creditors cannot.
Recommended: Does Applying for Credit Cards Hurt Your Credit Score?
A hard credit inquiry typically takes place when you apply for credit, such as loans or credit cards, and give permission for the lender or creditor to pull your credit file. As with a soft credit pull, the lender will look at the financial information listed above.
Each hard pull may lower your credit score — but typically by less than five points, according to FICO® Score. All hard inquiries appear on your credit report. While they stay there for about two years, they stop affecting your credit score after 12 months.
Not all loans require a hard credit inquiry — but consider that a red flag. Some small local lenders may offer short-term, high-interest, unsecured personal loans. Borrowers must show proof of income via a recent paycheck, but no credit check is required. The risks of these “payday loans” are so great that many states have outlawed them.
Consumers should carefully consider if they really need new credit before applying for an account that requires a hard credit check.
For example, department stores and some chains like to entice you to apply for their store credit card by offering a generous discount on your purchase as you’re checking out. In that situation, ask yourself if it’s worth a credit score hit (albeit a small one).
Another way to minimize hard inquiries is to ask which type of credit check a company intends to run. If, for example, a cable company usually requires a hard credit inquiry to open an account, you might ask if a hard pull can be avoided. Other situations where there may be some flexibility include:
• Rental applications
• Leasing a car
• New utility accounts
• Requesting a higher credit limit on an existing account
A good financial rule of thumb is to review your credit reports every year to check for common credit report errors and signs of identity theft. You can access your credit reports from the three consumer credit bureaus (Equifax, Experian, and TransUnion) for free at AnnualCreditReport.com.
To check for inaccurate hard inquiries, look for a section on your credit report with any of these labels:
• Credit inquiries
• Hard inquiries
• Regular inquiries
• Requests viewed by others
You can dispute hard inquiries and remove them from your credit reports under certain circumstances: if you didn’t apply for a new credit account, you didn’t give permission for the inquiry, or the inquiry was added by mistake.
That said, under federal law, certain organizations with a “specific, legitimate purpose” can access your credit file without written permission. They include:
• Government agencies, usually in the context of licensing or benefits applications
• Collection agencies
• Insurance companies, when certain restrictions are met
• Entities that have a court order, as in child support hearings
Even so, if you didn’t give permission for a hard credit pull, it’s worth filing a dispute to request that the credit check be removed from your report.
Consumers may dispute hard inquiries online through AnnualCreditReport.com, or by writing to the individual credit reporting agencies.
As mentioned, hard inquiries appear on your credit report, and each hard pull may lower your credit score by five points or less. Here we’ll go into a bit more detail.
Multiple hard inquiries within a short time frame can do significant damage to your credit score. It could potentially be enough to move you from the Good credit range down to the merely Fair. Someone in a Fair credit range can pay substantially more over a lifetime in interest and fees than someone with a Good score or higher.
As noted above, each hard pull can lower your credit score by less than five points. One or two hard inquiries per year may not matter, especially if you’re not planning on applying for a loan.
If you’re rate shopping for a particular type of loan, such as a mortgage or auto loan, keep in mind that multiple hard credit checks within a specific period (often several weeks) for the same purpose are usually counted as one inquiry by credit scoring companies. However, this is not the case with hard pulls for credit card applications.
Hard inquiries stay on your credit report for two years. While they’re on your credit report, they are visible to anyone who checks your credit. But their impact on your credit score typically lasts less than 12 months.
Soft inquiries may remain on your credit report for one or two years, but only you can see them.
Soft credit inquiries do not affect a credit score, while hard credit inquiries may cost you a few points. In both cases, individuals or businesses pull information from your credit reports. Checking your own credit report counts as a soft pull, as do most other situations where the consumer hasn’t given written permission. Hard pulls are typically done only when you’re applying for a loan or new credit account.
Many lenders allow you to “prequalify” for a loan without running a hard credit check. This allows you to shop rates without risking any impact to your credit.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
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 .
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.
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.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
SOPL-Q324-025
Source: sofi.com
Maybe you’ve seen Sonny Angel unboxing videos on TikTok or even have a small Mofusand collection of your own, but what do you do with these little toys? Blind boxes containing Smiski and surprise bags with Calico Critters are currently trending, and it’s no surprise (pun intended) why. These trinkets are so much fun to purchase, open, and collect, but with most collectibles, the question is, where do you put them? Do not worry; we have you covered! We’ve compiled four of the best ways to store and display your tchotchkes so they don’t take over your apartment in Toledo, OH or rental home in Santa Monica, CA.
It might seem like a no-brainer, but shelves are a classic way to store and display collectibles for a reason. However, they don’t have to be boring! Consider opting for shelves with unique shapes for an added design element with various-sized slots for all of your different trinkets.
One of our favorite shelves comes from the female-led business Lovely Little House. Their wooden shelf display is shaped like a small house making it the perfect home for all of your trinkets. Owner Adi Ben Ze’ev had a similar one growing up where she loved to store her growing collection of miniatures she’d bought at the local pop shop. Although that exact shelf is no longer, Lovely Little House sells a similar Nordic-inspired shelf in four neutral colors – perfect for any space. Not only does this shelf have “eight compartments of varying sizes…ideal for showcasing minis like Calico Critters, LOL dolls, Sonny Angels, or Maileg mice,” but it also adds a “soft, whimsical touch while keeping your beloved collectibles beautifully organized and on display,” says Adi.
Another whimsical option is Ikea’s Lustigt wall shelf, a favorite for several Smiski and Sonny Angel collectors. This piece comes in a light wood finish, but is easily paintable to match any room or aesthetic. What makes this shelf unique are its three small ladders which add an interactive element for your small toys, just try not to spend too much time positioning and repositioning your figures to get the best shelf display design. If your collection is too big for one shelf or continues to grow, two of these pieces side-by-side look great as well.
photo courtesy of Lovely Little House
If you only have a few or very special collectibles you’d like to not only showcase, but also protect, display cases are the perfect solution.
It’s currently American football season and a display case for your mini football helmet is the perfect addition to your Sunday watch party. Collectible Supplies offers several varieties whether you have one, two, or even four mini helmets. “The acrylic or glass cases protects your mini helmets from any dust or possible damage, allowing your collectibles to be enjoyed for years to come,” describes owner Jeff Peterson. These popular cases also “come in several different styles and wood finishes perfect for any room or aesthetic.”
Maybe you don’t have a mini football helmet, but rather a signed sneaker from a favorite athlete, or a prized action figure, or a completed LEGO set you’re extremely proud of. iDisplayit has acrylic displays perfect for whatever valued object you’d like to showcase. They use premium acrylic panels to protect your prized possession from dust and some displays even have “vinyl backgrounds…to add extra depth to your display,” notes marketing manager Gina Gould.
Another great acrylic display option is the Scobo Design’s sleek 5-tiered display case which, unlike the others, you can mount! Also made from high quality acrylic, this case also has UV-blocking acrylic and durable aluminum connectors which “offers excellent protection from dust and UV damage,” allowing you to love your treasured knick-knacks for longer, describes owner Scott Bowers.
photo courtesy of Scobo Design
We understand being on a budget, for example maybe you just signed for a new home in Asheville, NC, so we also wanted to include a DIY option! Fugitive Ink Studio’s Aaron Uglum “figured out how to make an enclosed display case for about $10 using foam board and a poster frame.” He’s made four thus far and they fit all of his collectibles perfectly! After all, what’s so great about this display is that it’s so customizable.
If you’re a card collector, the Vaulted Collection offers the best display for prized baseball cards and rare Pokemon cards alike. Their display vault air card edition is made with high-quality, high-density foam and carbon finish fiber, this display combines both protection and style. It’s also super lightweight and mountable, making it the “ultimate solution for showcasing your prized card collection,” claims community support member Laura Guerrero.
Another open and mountable option is a classic – a wooden printers tray. Originally created to hold printing type, these trays are now a beloved way to store all kinds of little objects. They can be a little difficult to find, but try shopping second hand at a thrift store or online. You can either keep the tray as is in all its vintage glory or have another DIY moment and paint or decoupage the tray to better match your home’s aesthetic. If you’re not into collecting small treasures (yet), you can also find these pre-painted, pre-filled, and styled with valuables like seashells.
photo courtesy of Rita’s Seashell Art
Despite the size or shape of your item, Chidori Vintage owner Daniel Dittmar recommends the Japanese Kadai display method. Whether you’re displaying a doll or vase, these wooden tables or boards are perfect. They come in a variety of shapes, sizes, and “can be [in a] natural wooden shape or in the form of a table or small stand,” explains Daniel. Due to the range of options, you’re sure to find a table for whatever you want to display. Of course you can place the board anywhere, but we recommend styling on a large bookshelf or console table.
Speaking of styling, whatever display method you’ve chosen, you can’t forget about lighting. “When styling shelving, a library wall, or other accessory displays, adding accent lighting will instantly elevate the look,” says Iron Roots Design interior designer Celeste McGowan. She especially loves Seed IQ Lighting’s battery operated sconces which are dimmable, rechargeable, easy to install, and light temperature adjustable. Incorporating lighting like this is a great way to highlight (pun intended, once again) your shelf of Sonny Angels, acrylic display of Funko Pop Figures, or mounted card collection display.
Source: rent.com
As a company, Turkish Airlines has much to boast about: It flies to the most countries, 129, of any airline in the world. It’s surprising, then, that the Turkish Airlines credit card is a lackluster product. The card just launched in July 2024, so it’s possible it could be revamped with better features over time — but for now, most travelers will find more value in another airline or general travel credit card.
Here are five things to know about the Turkish Airlines Miles&Smiles Premier Visa Signature, issued by First Electronic Bank.
The Turkish Airlines card offers exactly none of these.
If you’re willing to pay an annual fee, there are plenty of superior options to the Turkish Airlines card. Consider the value of the United℠ Explorer Card. The annual fee is $0 intro for the first year, then $95. United Explorer cardholders get free checked bags for themselves and a companion, two lounge passes per year, trip insurance and 25% back on in-flight purchases.
New Turkish Airlines cardholders can get 40,000 miles after spending $3,000 within 90 days of opening an account. NerdWallet values Turkish Airlines miles at 1.1 cents each, so the sign-up bonus is worth about $440. However, it may be possible to get even more value out of each mile, especially for last-minute bookings.
Earning those 40,000 bonus miles would also elevate you into elite status within the Miles&Smiles loyalty program, the second-highest tier. But as noted earlier, simply having the Turkish Airlines card doesn’t automatically grant you status; you need to spend your way there. That’s not the case with other airline cards.
The card earns:
Unlimited 3x miles on Turkish Airlines flights and purchases.
Unlimited 2x miles on dining, groceries, entertainment and lodging.
Unlimited 1x miles on everything else.
Miles expire three years after they’re earned.
Miles earned with the Turkish Airlines card may be redeemed for the following:
Award tickets.
In-flight service.
Cabin upgrades.
Extra bags.
Goods from Shop&Miles, Turkish Airlines’ shopping portal.
Services from Turkish Airlines’ program partners.
Access to select airport lounges.
Because Turkish Airlines belongs to the Star Alliance, any miles earned with the credit card may be used to book flights on more than two-dozen airlines.
It’s possible you already have a card in your wallet that can help you book award flights on Turkish Airlines. Turkish Airlines is a transfer partner for Capital One Miles, Citi ThankYou Points and Bilt Rewards, so those credit card programs’ proprietary currencies can be converted into Turkish Airlines miles.
A general travel card like the Bilt card also gives cardholders more redemption flexibility than a co-branded airline card.
Source: nerdwallet.com
The seasonally adjusted purchase index grew by 2% compared to the previous week. However, on an unadjusted basis, the index was down 10% compared to the previous week and 3% lower than the same time last year. “Purchase applications increased over the week and are edging closer to last year’s levels. Despite the drop in … [Read more…]
Direct link to offers: British Airways | Aer Lingus | Iberia
We once saw a bonus that was 100,000 after $5,000 in spend but we haven’t seen that for multiple years. Other recent bonuses include 125,000 points for $20,000 spend or 75,000 points for $5,000 spend. I do think this bonus is competitive and probably the best points:spend ratio we have seen for a long time, so if you think it’s worth using a 5/24 slot for this card then I’d recommend signing up and will add it to our best credit card bonus page.
Source: doctorofcredit.com
Perhaps the idea of home ownership sounds appealing, but the thought of all the maintenance involved — inside and out — doesn’t sound so great. Dealing with snow removal or tending to your lawn might be the last thing you want to add to your already full plate.
If that resonates, buying a home that has a homeowners association, or HOA, might be the right move. Whether you’re shopping for a condo or a 3-bedroom house in a new development, an HOA could be a valuable thing. These organizations, funded by dues, take care of many of those maintenance responsibilities, run shared facilities (like a pool), and create guidelines (and enforce them) for the community of homeowners.
That said, interacting with an HOA and following its guidelines may not be for everyone. Read on to learn:
• What is an HOA, or homeowners association
• How do HOAs work
• How much are HOA dues
• What are the pros and cons of HOAs
• How will HOA fees impact your costs as a homeowner
An HOA is typically a non-profit volunteer group that manages aspects of homeownership in certain planned unit developments (PUDs), condos, and other housing communities. The HOA collects fees from each member of the community and uses them to handle maintenance duties and amenities. These may include:
• Landscaping and maintenance of walkways and the like
• Pest control
• Maintenance and utilities of shared spaces, such as lounges and pool areas
• Garbage pickup
• Parking
• Security
Another answer to “What is an HOA?” should mention that these associations typically make enforceable rules about the look and feel of the community. There may be guidelines about, say, the size of pets one may own, or the color schemes permissible for a townhome’s exterior. The existence of an HOA will be an important consideration when you are shopping for a place to live and HOA fees need to be built into a homebuyer’s financial plan, just like home loan payments.
Recommended: Condo vs. Townhouse: 9 Major Differences
HOAs can be staffed in different ways. They can be run by people owning property within its boundaries, run by a board of directors, or through a similar arrangement, with board designees elected to oversee and enforce HOA rules.
Many HOAs are incorporated, which makes them subject to the laws of the state and may require them to file annual reports with the corporation commission, in order to remain in good standing.
People who purchase properties within an HOA jurisdiction become members of that organization, and they must abide by the rules contained within that organization’s bylaws and Declaration of Covenants, Conditions, and Restrictions (CC&Rs).
HOA rules, fees and restrictions vary. Some bylaws and CC&Rs are strict, while others are looser, typically focusing on how residents must keep properties maintained according to stated specifications. In a planned unit subdivision of single-family homes, for example, rules may include what types of landscaping are permitted, or exterior colors of paint, what kinds of fencing is allowed, and more.
They can include usage rules for common property, such as a pool, and typically outline penalties for rule violations, ranging from forcing a homeowner to comply to fees and, sometimes, litigation.
Here are some recent statistics that will help you get an idea of how common HOAs currently are in the U.S.:
• Approximately 75.5 million Americans live in HOAs, cooperatives, or condominium units.
• 30% of all U.S. homeowners live in HOA communities.
• 28.2 million housing units in America are part of HOA communities.
As you see, HOAs are quite popular.
Now that you know a bit about what is a homeowners association, let’s look at those fees they charge. People who buy property in an HOA-governed condo or community usually must pay dues — also known as HOA fees — typically due monthly. These fees help to maintain common areas of buildings, such as lobbies and patios, and perhaps community clubhouses. These fees can cover maintenance on elevators or swimming pools, if applicable, or could be used for landscaping expenses, and so forth. Additional special assessments may be charged for major repairs, such as roof repairs.
Some studies suggest that average HOA fees range from $200 to $400 per month, although they can be as low as $50 and as high as $2,500 or more. It depends on the HOA complex, where it is, what amenities the project maintains, and sometimes on how the individual HOA is managed.
What’s most important when shopping for a new home is that you are clear about what fees would be assessed on your individual unit and whether that fits your budget.
When considering whether or not to buy a property within a homeowners association, it makes sense to understand what you’d be committing to if you bought this property.
To get an understanding of how the organization operates, you can ask the board of directors if you could read minutes from meetings — if you have a real estate agent, they should be able to help you access records. This may give you a good overview of any challenges the organization is facing, and insights into how solutions are brainstormed and implemented.
Questions to investigate can include:
• What are the HOA fees each month? What do they cover?
• If the fees seem low, does it appear as though enough funds are collected to maintain general areas? What about meeting rooms, the gym, pool area, and so forth?
• If the HOA fees are higher than expected, do they seem excessive for what you’d get in return?
• Are homeowners also being charged special assessments to cover other costs? If so, how often and what are they?
• How many units are not paying their HOA fees? What are the consequences for that? Are penalties being imposed?
• If certain units don’t pay their HOA fees, can these unpaid costs be imposed upon other owners to make up the difference?
• If desired, will you be allowed to sublet your unit? Over what term and with what restrictions?
• Are you allowed to have a pet? If so, what restrictions exist? Ask to read a copy of the CC&Rs which is recorded public information.
• Does pending litigation exist against the HOA? If so, of what type? Does it involve, say, damage to one unit, or does it affect the entire organization?
If you have friends or family members who are part of this HOA, consider asking them what they like about living there, and what they don’t. If you have a friend or family member who owns housing under a different HOA, chat with them as well. Their insights can be valuable in regards to what questions to ask and issues to explore before buying.
You can also review the bylaws, which usually share voting rights of members, budget and assessment rules, meeting requirements, and so forth. Check to see what actions can be taken without a member vote — if they include raising assessments or creating rules, this could have an impact on your buying decision.
Recommended: Mortgage Servicing: Everything You Need to Know
There are several benefits of buying a property that’s part of an HOA. Consider these upsides:
• Guidelines to help maintain the look of the community, settle issues, and create harmony among residents.
• Enhanced quality of life and property values.
• Maintenance services so homeowners don’t need to do the work themselves or hire freelance help.
That said, there are also possible drawbacks to being part of an HOA. These can include:
• The cost of the HOAs fees can be prohibitively expensive, and the possibility of assessments can be financially challenging.
• Potentially restrictive guidelines that inhibit your freedom over your property (that is, you may not be allowed to have a certain kind of pet or put in solar panels).
• Those who run the HOA may be volunteers vs. skilled real estate professionals, which could lead to inefficiencies.
When shopping for a new home or condo, one key consideration is how much you can afford for a house — with the true cost being more than just principal, interest, and homeowners insurance. If you are considering properties that have HOA charges, it’s vital to factor those in to make sure your budget is manageable.
You’ll need a down payment on the home. There are also property taxes, insurance, closing costs (which can run from 3% to 5% of the home’s cost, paid by the buyer and/or seller according to the contract). And there are expenses other than closing costs such as moving expenses, furniture costs, and more that should be considered as you grapple with how much you can afford.
Plus, you might want to have an emergency fund established for unexpected expenses, whether unanticipated housing repairs, or medical expenses, or something else entirely.
To help you figure out that affordable house payment number, you could check out our mortgage calculator.
Recommended: What Credit Score Is Needed to Buy a House?
There’s one more wrinkle to the topic of what is a homeowners association and should you buy into one: the impact it may have on securing your mortgage.
When you buy a property that is part of an HOA, you may need additional documentation for your lender. If your bid is accepted, the lender will likely request a homeowners association certification, called an HOA cert for short. This document provides your lender with a snapshot of how the HOA is being run, and may provide information such as:
• How old the project is
• Whether a condominium development was converted from an apartment building or specifically built as condo units
• How many units exist in the project
• How many units are occupied
• How many occupied units are owner occupied and how many are rented to someone else
• How much HOA fees are
• The amount of insurance on the project
If this information is requested, it will likely be reviewed to confirm that this property meets the lender’s loan eligibility guidelines. Because guidelines can vary from lender to lender and loan program to loan program, it makes sense to check with your lender of choice as soon as possible to determine if this financial institution considers your condo to be eligible for financing.
The HOA cert may also be obtained by the escrow/title company and provided to your lender, along with the relevant CC&Rs. This provides insight into any property restrictions and other aspects that may affect a home’s lendability and marketability.
Recommended: Home Loan vs. Mortgage: What You Should Know
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
Homeowners associations exist to manage and maintain common areas, to enforce community rules, and to collect and manage the finances used for community upkeep. Many people who participate in HOAs expect the association to help enhance their property values.
HOA fees vary widely based on the amenities offered by the development but most people can expect to pay at least $200 to $300 per month.
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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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Source: sofi.com