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Georgia is full of scenic landscapes, southern charm, and beautiful cities. From the cultural hub of Atlanta to the historic streets of Savannah, Georgia provides a variety of lifestyles for residents. However, like any state, it comes with both advantages and challenges. Is Georgia a good place to live? Let’s take a closer look at the pros and cons of living in the Georgia to help you learn more.

Is Georgia a good place to live?

Moving to Georgia means experiencing warm weather, Southern hospitality, and a mix of urban and rural environments. The state has major cities like Atlanta, Augusta, and Columbus, each offering a different way of life. Georgia’s economy is strong in sectors such as agriculture, manufacturing, film production, and technology. In addition to its vibrant job market, the state has an impressive educational system with institutions like the University of Georgia and Georgia Tech. But life in Georgia isn’t all peaches and sunshine. Summers can be brutal with high heat and humidity, and traffic in Atlanta is notoriously frustrating. 

Georgia state overview

Population 10,711,908
Biggest cities in Georgia Atlanta, Columbus, Augusta
Average rent in Atlanta $1,830
Average rent in Columbus $994
Average rent in Augusta $1,046

1. Pro: Thriving film and entertainment industry

Georgia has been dubbed the “Hollywood of the South” thanks to its booming film and TV production scene. With generous tax incentives, studios from across the world are flocking to Georgia, making it a hot spot for the entertainment industry. Whether you’re in the Atlanta metro area or surrounding cities like Fayetteville, you might find a film set around the corner or spot celebrities in local restaurants.

Insider scoop: Keep an eye on local casting calls or opportunities in the film industry. Even if you’re not in entertainment, local businesses benefit from the economic boom created by the film industry’s presence.

2. Con: Urban-rural divide

While Atlanta and its surrounding suburbs are growing rapidly, much of Georgia remains rural and less developed. This urban-rural divide is stark in terms of infrastructure, economic opportunities, and access to healthcare or education. Rural Georgians often face longer commutes and fewer amenities compared to their counterparts in urban centers.

3. Pro: Affordable cost of living, especially outside Atlanta

There are various affordable housing options in Georgia, with lower rental costs compared to many other states. Major cities like Atlanta tend to have higher rent, with an average rent of around $1,830, especially in popular neighborhoods like Midtown or Buckhead. However, more affordable options can be found in cities like Augusta and Columbus, where average rents are $1,046 and $994, respectively. Athens, a college town, offers rental rates averaging $1,485.

4. Con: Unpredictable weather, including ice storms

While Georgia is known for its hot, humid summers, it’s also notorious for its unpredictable weather in the winter. Ice storms are a particular issue in parts of northern and central Georgia, where freezing rain can cause road hazards and power outages. Atlanta, in particular, is infamous for shutting down during even a light snowstorm due to a lack of snow removal equipment.

Local tip: Keep emergency supplies, such as generators and battery-powered radios, on hand if you’re moving to North Georgia. Black ice can be a hazard on roads in winter, so driving with caution is essential during colder months.

5. Pro: Access to diverse landscapes and outdoor recreation

Georgia’s diverse geography provides a great opportunities to explore. You can hike in the Blue Ridge Mountains, enjoy water sports on Lake Lanier, or relax on the beaches of the Golden Isles. There’s also a wealth of state parks, including the stunning Amicalola Falls, and the Okefenokee Swamp for wildlife lovers.

Insider scoop: Explore lesser-known spots like Providence Canyon, also known as “Georgia’s Little Grand Canyon,” for unique hiking experiences, or head to the Chattahoochee River National Recreation Area for outdoor fun near Atlanta.

6. Con: Traffic and transportation limitations

Atlanta’s traffic is notorious, but it’s not the only city in Georgia where transportation can be an issue. Public transportation options outside of Atlanta are scarce, meaning most residents rely on cars to get around. Traffic in Atlanta during rush hours can make commutes extremely long, and the lack of reliable public transport in many areas exacerbates the issue.

Insider tip: If you’re moving to Atlanta, consider living near MARTA stations, which provide the best public transit options. In cities like Savannah or Macon, be prepared for limited public transport and plan your commute accordingly.

7. Pro: Strong higher education programs

Georgia has a strong higher education system, led by universities like Georgia Tech and the University of Georgia. Athens, home to UGA, offers a lively college-town atmosphere filled with music, art, and culture. The state also supports a robust technical college system, making education accessible for a wide range of career paths.

8. Con: Warm climate makes Georgia a hotspot for pests

Georgia’s warm, humid climate makes it a hotspot for pests, with mosquitoes, fire ants, and cockroaches being common nuisances. The summer months, in particular, bring an increase in mosquito activity, making outdoor gatherings uncomfortable. Fire ants can be a serious problem in yards and parks, delivering painful stings if disturbed. Additionally, the state’s mild winters allow pests like cockroaches and termites to thrive year-round, requiring vigilant pest control measures for homeowners.

9. Pro: Plenty of rich history and culture to explore

From the historic architecture of Savannah to Atlanta’s Civil Rights landmarks, Georgia is deeply rooted in American history. It’s a state where Southern traditions meet modern cultural influences, creating diverse cultural scenes. Whether you’re visiting museums, Civil War battlefields, or catching a concert at the Fox Theatre in Atlanta, you’ll be surrounded by cultural experiences.

10. Con: Aggressive allergy season

Georgia is known for its heavy pollen seasons, especially in the spring. Residents often struggle with seasonal allergies caused by oak, pine, and grass pollens. For those sensitive to allergens, Georgia’s high pollen counts can make certain times of the year particularly uncomfortable.

Pros and cons of living in Georgia: Overview

Pros Cons
Thriving film and entertainment industry Urban-rural divide
Affordable cost of living Unpredictable weather
Access to diverse landscapes Traffic and transportation limitations
Strong higher education programs Georgia has many pests
Plenty of history and culture to explore Aggressive allergy season

Source: rent.com

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If you have Medicare, you know that the Annual Notice of Change (ANOC) you receive every fall describing upcoming changes to your Part D prescription drug plan isn’t usually scintillating reading. But this year’s ANOC might be more action packed than most — there could be big coverage changes in store for 2025.

Here are five Medicare Part D changes coming next year and what you need to know about them to be an informed shopper during open enrollment (Oct. 15 through Dec. 7).

1. Many plans are merging or ending

Medicare Part D plans for millions of members are being discontinued or merging with another plan in 2025 — especially for people with Aetna, AARP/UnitedHealthcare and Mutual of Omaha plans.

For example, if you had a low-cost Aetna SilverScript SmartSaver plan in 2024, you could be automatically moved into SilverScript Choice in 2025. You could see monthly premiums rise by as much as $35 unless you change plans.

It’s even possible to end up with no Part D coverage unless you act during open enrollment. Mutual of Omaha is leaving the market, for example, and its members will need to enroll in a new plan for 2025.

What to do about it: Check your ANOC to see whether Section 1 has a title starting with “Unless You Choose Another Plan.” If so, read the rest of the ANOC carefully to see whether the new plan is a good fit. Consider shopping around for alternatives during open enrollment.

If your Section 1 is titled “Changes to Benefits and Costs for Next Year,” then you’re not being automatically switched to a different plan — but it’s still a good idea to read the rest of your ANOC and confirm that you have the coverage you need.

Medicare will have big changes in 2025. Shop around and Compare Medicare Part D Plans

2. Premiums are all over the place

The average member will pay $40 per month for a stand-alone Medicare Part D plan in 2025, down from $41.63 in 2024, according to September estimates by the Centers for Medicare & Medicaid Services (CMS).

While the average premium isn’t projected to change much, your own costs for Medicare Part D might be significantly different next year.

Monthly premiums for Wellcare’s Medicare Rx Value Plus plan, for example, are going up by nearly $28 in 2025, on average. But the Wellcare Classic plan is about $17 less expensive each month in 2025 than in 2024.

What to do about it: The “Summary of Important Costs for 2025” and “Changes to Benefits and Costs for Next Year” sections of your ANOC show how your plan’s premiums and other costs compare from 2024 to 2025. During open enrollment, shop around to see whether a better deal is available.

3. A new $2,000 out-of-pocket cap

Out-of-pocket costs for Medicare Part D are capped at $2,000 in 2025. That means once you’ve spent a total of $2,000 in 2025 on Part D deductibles, copays and/or coinsurance, you’re done paying out of pocket for the rest of the year.

And you might spend even less if you’re one of the roughly 75% of Part D members with an “enhanced” Part D plan, which could provide extra credit toward the out-of-pocket cap. (When enhanced plans have benefits that reduce your out-of-pocket spending, the value of those benefits can count toward the $2,000 total.) As a result, you might reach the cap before paying $2,000 in out-of-pocket costs, a CMS spokesperson confirmed in an email.

What to do about it: The new cap takes effect even if you stay in the same plan — you don’t need to do anything to get it. You also won’t need to do the math yourself: statements from your plan will show your progress toward the cap.

4. No more “donut hole”

The Medicare Part D “donut hole,” or coverage gap, will go away after 2024. Through 2024, the donut hole is a phase of Part D coverage when you owe up to 25% of the cost of medications rather than your plan’s copays and/or coinsurance.

Starting in 2025, there will no longer be a Medicare Part D coverage gap. You’ll pay your plan’s deductible, copays and/or coinsurance until you reach the new annual cap ($2,000 in 2025), then you’ll owe nothing out of pocket for the remainder of the year.

What to do about it: Nothing — the donut hole is gone for everybody in 2025, even if you stay in the same plan.

5. A payment plan for prescription drugs

The Medicare Prescription Payment Plan is a new, optional way to pay out-of-pocket costs over time rather than all at once. It works like a “buy now, pay later option” for Medicare Part D deductibles, copays and/or coinsurance.

The payment plan is a potential budgeting tool, not something that will save you money. Your total costs remain the same, and plans can’t charge fees or add interest because you participate.

What to do about it: Consider whether the Medicare Prescription Payment Plan would be a good fit for your budget. It might help if you have expensive medications and incur high out-of-pocket costs early in the year, for example.

All 2025 Medicare Part D plans will offer the Medicare Prescription Payment Plan, so there’s no need to change plans to enroll in the program.

Plans will be required to reach out to you if they identify you as someone who’s likely to benefit from the program. You’ll be able to sign up through your insurance company by mail, by phone or online.

Source: nerdwallet.com

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Cost of living in Columbus

Before we dive into the top Columbus suburbs, let’s cover how much it costs to live in Columbus. The overall cost of living in Columbus is about 6% lower than the national average, making it an affordable option for many. Housing is a key factor, with the median sale price for a home in Columbus at $277,400, which is significantly lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Columbus at $1,393, also lower than the national average of $1,514.

While some suburbs around Columbus offer more affordable options, others can be more upscale. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guide on the 12 Most Expensive Neighborhoods in Columbus to Rent in 2024.

1. Dublin

Known for: Friendly community, excellent schools, and outdoor spaces

Dublin is one of the most popular suburbs of Columbus, known for its top-rated schools and well-planned communities. Located northwest of downtown Columbus, Dublin offers an array of parks and outdoor recreational areas, including the scenic Indian Run Falls and the Dublin Community Recreation Center. The city is also home to several corporate headquarters, making it a hub for business professionals. The annual Dublin Irish Festival draws visitors from all over, adding a unique cultural element to this suburb.

Population: 49,000
Average rent for a one-bedroom apartment: $1,678
Median home sale price: $587,500
Dublin transportation scores: Walk Score 17, Bike Score 45

Apartments for rent in Dublin, OH | Houses for rent in Dublin, OH | Homes for sale in Dublin, OH

2. Westerville

Known for: Historic charm, community-oriented atmosphere, and proximity to Otterbein University

Westerville, northeast of Columbus, is known for its blend of historic charm and modern living. The downtown area is filled with unique shops, local eateries, and historic landmarks. Westerville’s community-oriented atmosphere makes it a sought-after location, and it’s home to Otterbein University, which adds a vibrant energy to the area. The Hoover Reservoir Park is a major attraction, offering boating, fishing, and hiking opportunities for outdoor enthusiasts.

Population: 40,000
Average rent for a one-bedroom apartment: $1,349
Median home sale price: $407,000
Westerville transportation scores: Walk Score 28, Bike Score 50

Apartments for rent in Westerville, OH | Houses for rent in Westerville, OH | Homes for sale in Westerville, OH

3. New Albany

Known for: Luxury living, scenic beauty, and high-end amenities

New Albany is one of the most affluent suburbs in the Columbus metropolitan area. Located just northeast of Columbus, this suburb is known for its luxury homes, well-maintained parks, and the New Albany Country Club. New Albany offers a picturesque living environment with beautifully landscaped streets and homes, attracting professionals seeking upscale living. The area also boasts a strong arts community, with the Jeanne B. McCoy Community Center for the Arts hosting regular events and performances.

Population: 11,000
Average rent for a one-bedroom apartment: $1,503
Median home sale price: $745,000
New Albany transportation scores: Walk Score 59, Bike Score 46

Apartments for rent in New Albany, OH | Houses for rent in New Albany, OH | Homes for sale in New Albany, OH

4. Grove City

Known for: Small-town feel, growing amenities, and convenient access to Columbus

Grove City is a growing suburb located southwest of Columbus. Known for its small-town charm and sense of community, Grove City has been expanding its retail and dining options to meet the needs of new residents. The town offers an array of parks, including Fryer Park, which features a pond, sports fields, and a space-themed playground. Grove City’s proximity to downtown Columbus makes it an attractive option for commuters seeking a suburban lifestyle with easy access to the city.

Population: 42,000
Average rent for a one-bedroom apartment: $1,364
Median home sale price: $375,000
Grove City transportation scores: Walk Score 27, Bike Score 48

Apartments for rent in Grove City, OH | Houses for rent in Grove City, OH | Homes for sale in Grove City, OH

5. Upper Arlington

Known for: Quiet neighborhoods, tree-lined streets, and proximity to Ohio State University

Upper Arlington, located just west of downtown Columbus, is a well-established suburb known for its quiet, tree-lined streets and strong sense of community. The suburb offers easy access to Ohio State University, making it a popular choice for university staff and students. Upper Arlington is also home to several parks, including the Scioto River Trail, which provides scenic views of the water. With a variety of housing options, from mid-century homes to modern apartments, Upper Arlington is ideal for those looking for a peaceful yet connected lifestyle.

Population: 36,000
Average rent for a one-bedroom apartment: $1,533
Median home sale price: $585,000
Upper Arlington transportation scores: Walk Score 45, Bike Score 49, Transit Score 26

Apartments for rent in Upper Arlington, OH | Houses for rent in Upper Arlington, OH | Homes for sale in Upper Arlington, OH

6. Powell

Known for: Scenic beauty, boutique shopping, and historic downtown

Powell is a picturesque suburb located north of Columbus, known for its boutique shopping and historic downtown district. The town’s scenic beauty is enhanced by nearby nature reserves and parks, including the Highbanks Metro Park. Powell is a perfect blend of suburban living with access to nature and city amenities. The historic downtown area offers a variety of local shops, restaurants, and seasonal events, making Powell a vibrant yet peaceful community.

Population: 13,000
Median home sale price: $608,000
Powell transportation scores: Walk Score 68, Bike Score 66

Apartments for rent in Powell, OH | Houses for rent in Powell, OH | Homes for sale in Powell, OH

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Columbus area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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Last week, I argued that mortgage rates remain in a downward trend, despite some pullback lately.

The 30-year fixed had almost been sub-6% when the Fed announced its rate cut. That “sell the news” event led to a little bounce for rates.

Then a hotter-than-expected jobs report days later pushed the 30-year up to 6.5% and rates kept creeping higher from there.

They’re now closer to 6.625% and have reignited fears that the worst may not yet be behind us.

Whether that’s true or not, you can’t get a rate as low as you could just three weeks ago, and that makes the temporary buydown attractive again.

You Don’t Get Your Money Back on a Permanent Buydown

While some home buyers and mortgage refinancers were able to lock-in sub-6% rates in September, many are now looking at rates closer to 7% again.

This has made mortgage rates unattractive again, especially since there aren’t many lower-cost options around these days, such as adjustable-rate mortgages.

You’re basically stuck going with a 30-year fixed that isn’t worth keeping for anywhere close to 30 years.

And you’re paying a premium for it because the rate won’t adjust for the entire loan term.

One option to make it more palatable is to pay discount points to get a lower rate from the get-go.

But there’s one major downside to that. When you buy down your rate with discount points, it’s permanent. This means the money isn’t refunded if you sell or refinance early on.

You actually need to keep the loan for X amount of months to break even on the upfront cost.

For example, if you pay one mortgage point at closing on a $500,000 loan, that’s $5,000 that will need to be recouped via lower mortgage payments.

If rates happen to drop six months after you take out your home loan, and you refinance, that money isn’t going back in your pocket.

It’s gone forever. And that can obviously be a very frustrating situation.

Is It Time to Consider a Temporary Buydown Again?

The other option to get a lower mortgage rate is the temporary buydown, which as the name implies is only temporary.

Often, you get a lower rate for the first 1-3 years of the loan term before it reverts to the higher note rate.

While these have been painted as higher-risk because they’re akin to an adjustable-rate loan, they could still bridge the gap to lower rates in the future.

And perhaps most importantly, the money spent on the temporary buydown is refundable!

Yes, even if you go with a temporary buydown, then refinance or sell a month or two later, the funds are credited to your outstanding loan balance.

For example, if you’ve got $10,000 in temporary buydown funds and all of a sudden rates drop and a rate and term refinance makes sense, you can take advantage without losing that money.

Instead of simply eating the remaining funds, the money is typically used to pay down the mortgage, as explained in Fannie Mae’s chart above. Say you’ve got $9,000 left in your temporary buydown account.

When you go refinance, that $9,000 would go toward the loan payoff. So if the outstanding loan amount were $490,000, it’d be whittled down to $481,000.

Interestingly, this could also make your refinance cheaper. You’d now have a lower loan amount, potentially pushing you into a lower loan-to-value (LTV) tier.

What Are the Risks?

To sum things up, you’ve got three, maybe your options when taking out a mortgage today.

You can go with an ARM, though the discounts often aren’t great and not all banks/lenders offer them.

You can just go with a 30-year fixed and pay nothing in closing for a slightly higher rate, with the intention of refinancing sooner rather than later.

You can pay discount points at closing to buy down the rate permanently, but then you lose the money if you sell/refinance before the break-even date.

Or you go with a temporary buydown, enjoy a lower rate for the first 1-3 years, and hope to refinance into something permanent before the rate goes higher.

The risk with an ARM is that the rate eventually adjusts and could be unfavorable. As noted, they are also hard to come by right now and may not offer a large discount.

The risk with a standard no cost mortgage is the rate is higher and you could be stuck with it if rates don’t come down and/or you’re unable to refinance for whatever reason.

The risk with the permanent buy down is rates could continue falling (my guess) and you’d leave money on the table.

And the risk of a temporary buydown is somewhat similar to an ARM in that you could be stuck with the higher note rate if rates don’t come down. But at least you’ll know what that note rate is, and that it can’t go any higher.

Read on: Temporary vs. permanent mortgage rate buydowns

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Latest posts by Colin Robertson (see all)

Source: thetruthaboutmortgage.com

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A debt instrument is a contract that enables one party to loan funds to another party, who promises to repay the loan plus interest. Debt instruments are also referred to as fixed income assets because the lender receives a fixed amount of interest during the lifetime of the instrument.

Debt instruments come in many forms. Some are obvious, such as mortgages and different types of small business loans; while others are less so, such as rental leases, bonds, and treasuries. With some debt instruments, you are the borrower, such as when you take out a mortgage or open a credit card. In other cases, you are the lender, such as when you purchase a bond or treasury.

Here’s what you need to know about debt instruments, the different types of debt instruments, how these instruments work, and the pros and cons of debt financing.

Key Points

•  Debt instruments are financial assets that represent a loan made by an investor to a borrower, typically involving fixed payments over time.

•  Common types of debt instruments include mortgages, small business loans, bonds, U.S. treasuries, and leases.

•  Debt instruments come with a defined maturity date when the principal amount must be repaid.

•  All debt securities are debt instruments, but not all debt instruments are securities.

What Is a Debt Instrument?

A debt instrument is a fixed income asset that legally binds a debtor to pay back any amount borrowed plus interest. Debt instruments can be issued by individuals, businesses, local and state governments, and the U.S. government.

Businesses often use debt instruments to raise capital to purchase additional assets (such as manufacturing equipment) or to raise working capital, while local governments may do so to fund the building of infrastructure (such as a new highway or a bridge). Debt instruments also give participants the option to transfer the ownership of debt obligation (or instrument) from one party to another.

Debt instruments can be short-term (repaid within a year) or long-term (paid over a year or more). Credit cards and treasury notes are examples of short-term debt instruments, while long-term business loans and mortgages fall into the category of long-term debt instruments.

Recommended: 10 Steps to Starting a Small Business

Debt Instruments vs Debt Securities

Debt instruments are broad financial tools representing a loan made by a lender to a borrower, including mortgages, business loans, and leases. They may or may not be tradable.

In contrast, debt securities are a specific subset of debt instruments that are tradable on financial markets, such as government and corporate bonds. Debt securities provide liquidity, allowing investors to buy or sell them before maturity.

The key difference is that all debt securities are debt instruments, but not all debt instruments are tradable securities, emphasizing market accessibility and liquidity for debt securities.

How Do Debt Instruments Work?

If you’ve ever taken out a loan or opened a credit card, you probably already understand the basics of how debt instruments work. Debt instrument contracts include detailed provisions on the deal, including collateral involved, the rate of interest, the schedule for interest payments, and the term of the loan (or timeframe to maturity).

While any type of vehicle classified as debt can be considered a debt instrument, the term is most often applied to debt capital raised by institutions, such as companies and governments. In this scenario, the investor is the lender: You issue money to a business, municipality, or the U.S. government. In exchange for capital, you are paid back the amount you loaned over time with interest. Examples of this type of debt instrument include U.S. treasuries, municipal bonds, and corporate bonds.

Recommended: Lease or Purchase Equipment

Types of Debt Instruments

Below is a breakdown of some of the most common debt instruments used by individuals, governments, and companies to raise capital.

US Treasuries

U.S. Treasury Securities (also called treasuries) are government debt instruments issued by the U.S. Department of the Treasury to finance government spending as an alternative to taxation. Treasury securities are backed by the full faith and credit of the U.S., meaning that the government promises to raise money by any legally available means to repay them.

U.S. treasuries tend to be more affordable than many other debt instruments. Investors can buy them in increments of $100 either through brokerage firms, banks, or the U.S. Treasury website. There are three types of treasuries: treasury bills, treasury notes, and treasury bonds. Each treasury comes with its own maturity option.

Municipal Bonds

Municipal bonds are offered by various U.S. government agencies (towns, cities, counties, or states) to fund current and future expenditures. Programs often funded by municipal bonds include the building of schools, roads, and bridges. Think of a municipal bond as a loan an investor makes to a local government.

There are two types of municipal bonds: general obligation bonds and revenue bonds. General obligation bonds are not paid back by any revenue resulting from the completion of the project. Instead, they are paid back to investors through property taxes or overall general funds.

Revenue bonds are paid back by the issuer through either sales, taxes, or some other type of revenue generated by the project.

Municipal bonds are attractive to many investors because they are tax-exempt bonds — meaning the investor doesn’t have to pay taxes on any interest received.

Recommended: How to Buy Bonds: A Guide for Beginners

Corporate Bonds

A corporate bond is a debt security that a corporation can use to raise money. Funding is typically available to anyone who is interested. As with other bonds, corporate bonds are essentially an IOU from the company to the investor. It differs from stock in that, instead of being paid dividends when the company is profitable, investors are always paid regardless of whether the company is doing well.

Typically, corporate bond investors are paid interest until the bond matures. When it matures, the entire principal is paid back. For example, a $1,000 corporate bond with an interest rate (or coupon rate) of 5% would bring an investor $50 every year until the bond matures. This means that, after 10 years, the investor would see a gross return of $500.

With secured bonds, the company puts up collateral (such as property or equipment) as security for the bond. If the company defaults, secured bond holders can foreclose on the collateral to reclaim their money. With an unsecured bond, a holder may or may not be able to fully reclaim their investment.

Alternative Structured Debt Security Products

There are many types of structured debt security products on the market, many of which are issued by financial institutions. A common occurrence is for these institutions to bundle assets together as a single debt security product. By doing this, they are able to raise capital for the financial institution while also segregating the bundled assets.

Recommended: What Are the Different Types of Debt?

Leases

A residential or commercial lease is a legally binding contract between an owner of a property and a tenant, where the tenant agrees to pay money for a set period of time in exchange for use of the rented property. A lease is a type of debt instrument because it secures a regular payment from the tenant, thus creating a secured long-term debt.

Mortgages

Mortgages are a type of debt instrument used to purchase a home, commercial property, or vacant land. The loan is secured by the property being purchased, which the lender can seize if the borrower defaults on the loan.

As with many other consumer loan products, mortgages are amortized, meaning the borrower makes a series of equal monthly payments that provides the lender with an interest payment (based on the unpaid principal balance as of the beginning of the month) and a principal payment that will cause the unpaid principal balance to decrease each month so that the principal balance will be zero at the time of the final payment.

Recommended: What Is a Financial Instrument?

Pros and Cons of Debt Instruments

Understanding the pros and cons of debt instruments helps borrowers make informed decisions about their financing options.

Pros

Debt instruments can be mutually beneficial in that both parties become better off as a result. If a company takes out a small business loan and invests those funds wisely, for example, it can increase its profitability. Ideally, the increase in profits exceeds the cost of the loan, a concept known as leveraging in business. Borrowing money also allows a company to raise capital without losing equity.

Debt instruments also benefit individuals and governments. Without mortgage debt, many people would never be able to buy a house; without student loans, many individuals would not be able to go to college. For governments, debt instruments allow them to build infrastructure for the public good.

On the lender’s or investor’s side, debt instruments can provide a regular and guaranteed source of income and are considered a safe investment, provided the loan is secured.

Cons

But there are downsides to debt instruments, as well. Loans often come with restrictions on how they can be used and, if you don’t have good credit, interest rates can be high. Borrowing money also involves risk. Most commercial institutions will require you to put up collateral in the form of a property asset. If you lose your income or your business hits hard times and you cannot repay your loan, the lender can reclaim its debt by liquidating whatever you proposed as security, which means you can lose a valuable asset.

On the lender’s or investor’s side, debt instruments also come with risk. Unless you purchase a secured bond, you may not receive your principal back as the investor. Also, during periods of high inflation, bonds can actually have a negative rate of return. And, if you invest in corporate bonds, there is always the possibility that the issuer will default on payment.

Pros of Debt Instruments Cons of Debt Instruments
Allows companies to expedite their growth If a borrower has poor credit, interest rates can be high
Allows companies to raise capital without diluting equity Loans often come with restrictions on how they can be used
Enables individuals to buy a home or pay for college Loans often require collateral, which can be lost if debtor defaults on loan
For lenders/investors, secured debt is a safe investment Investors can lose money if bond value declines
For lenders/investors, debt instruments provide steady income Bond investors can lose money during periods of high inflation

The Takeaway

A debt instrument is a way for an investor to get a return on their money by loaning to either an individual, business, municipality, or the U.S. government. If you have a credit card or mortgage, or you own any bonds or treasuries in your investment portfolio, debt instruments play a role in your life.

Small business owners can also take advantage of debt instruments. You might not be able to issue corporate bonds at this stage of the game, but you may be able to access an affordable small business loan.

If you’re seeking financing for your business, SoFi can help. On SoFi’s marketplace, you can shop top providers today to access the capital you need. Find a personalized business financing option today in minutes.

With SoFi’s marketplace, it’s fast and easy to search for your small business financing options.

FAQ

What are some examples of debt instruments?

Common examples of debt instruments include personal loans, business loans, mortgages, leases, bonds, treasuries, promissory notes, and debentures.

What is the difference between a debt instrument and an equity?

With a debt instrument, the investor does not own any portion of the company. With equity, the investor is buying a portion of the company.

What are the features of debt instruments?

Debt instruments have three characteristics: principal, coupon rate, and maturity. Principal refers to the amount that is borrowed. The coupon rate is the interest amount paid by the borrower to the lender. Maturity is the end date of the debt instrument. It refers to when the debt is completely paid off with interest.

Photo credit: iStock/insta_photos

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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.

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.

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Source: sofi.com

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When Halloween rolls around, it’s time to transform your space into a spooky wonderland. Drawing inspiration from the whimsical yet eerie aesthetic that Tim Burton is known for, you can create a haunted yet enchanting vibe. Whether you’re aiming for a full-on fright fest in your Austin, Texas home or just a touch of spooky charm in your Cincinnati apartment or Charleston rental home, these decor ideas will help you bring out your inner Burtonesque style while keeping it playful and festive.

Creative Halloween decor ideas to make Tim Burton proud

Halloween is the perfect time to get creative with your decor, blending spooky vibes with a touch of whimsy. From unique color palettes to gothic-inspired displays, even the most imaginative minds — like Tim Burton himself — would be impressed by these hauntingly captivating setups.

1. Gothic glam garb

For extra flair, without breaking the bank, consider repurposing everyday household items to show gothic glam. “Repurpose vintage vases or drinkware as eerie candle holders, adding a touch of gothic elegance to your home,” Courtney and John Achilli, proprietors of Content + Co. recommend.

They add, “Give new life to thrifted frames by painting them black, filling them with creepy crawly artwork or prints, and creating a Halloween-themed gallery. You can also make your home even spookier by creating a haunting atmosphere with stacks of dusty, vintage books or cut-out creepy images or passages that you can transform into a book of spells.”

Julie Boston, with Capturing Wonderland, emphasizes the beauty of utilizing vintage finds. “Incorporating antique finds like weathered books, brass candlesticks, and old-fashioned lanterns into your Halloween décor is perfect for the vintage-inspired or literary lover. Choose rich, muted tones like burgundy, mustard yellow, and faded black to evoke an old-world charm. Decorate with vintage postcards, old keys, or even literary prints from classic Gothic novels to add a literary twist. Thrifted lace curtains or tattered doilies can create an eerie yet elegant look when paired with aged furniture or dark wood accents.”

2. Skeletons and shadows

Skeletons are a Halloween staple, but how you display them can make all the difference. “Create an eerie yet elegant atmosphere by combining deep purples and blacks with flickering candlelight, as mentioned earlier,” shares Muhammad Muneeb Ali with My Spirit Halloween. “Add vintage, gothic-inspired pieces like candelabras or skull-adorned mirrors for a sophisticated twist. For a hauntingly cozy touch, drape faux cobwebs and spooky garlands around doorways and windows.”

3. Quirky figurines and characters

Add a playful element to your Halloween decor by incorporating spooky but whimsical figurines. Think plush creatures with large eyes, toothy grins, or stitched-up mouths that are more fun than frightening. Look for figurines of bats, witches, or black cats with exaggerated features, creating a Burtonesque twist while keeping it family-friendly. Scatter these characters throughout your home — on bookshelves, by the entryway, or even as table centerpieces.

Image courtesy of Laura’s Books and Blogs

4. Dim and dreamy lighting

Lighting sets the tone for any Halloween setup, and can often be overlooked. “Setting the perfect scene for Halloween starts with the right lighting,” emphasizes Daisies in Clover LLC. “Consider swapping out regular bulbs for purple, green, or orange bulbs in lamps and fixtures throughout your home. String lights with pumpkins, bats, or ghosts are perfect for parties, but even purple fairy lights can take your space from plain to spooky with just the touch of a button.”

It’s essential to consider outdoor lighting too when crafting a ghoulish grouping. “You can never have too many lights, especially outside,” emphasizes Laura Smith with Laura’s Books and Blogs. When it comes to pairing lighting with other decor, Laura recommends getting crafty. “Make your own simple decorations that you can display or give away as gifts, and take into account how much shelf space you have before buying or making more indoor decor and lighting.”

5. Unique colors

“Halloween doesn’t necessarily mean you have to stick to a black and orange theme. You can easily transition to spooky season with non-traditional colors like terracotta, sage, teal, olive green, navy blue, burgundy, plum, or brown to name a few,” Lauren O’Malley with The Styled Abode shares. “For an elegant yet spooky take on Halloween, incorporate lighter tones of neutrals, peach, or pink with pops of black, bronze, or gold. Dress a poseable skeleton in satin or lace, and accessorize with large fresh or dried floral displays, elegant glassware, and plenty of glowing candles.

“If you prefer a dark and moody theme, think deep jewel tones like burgundy, emerald, or maroon and accessorize with metallic pumpkins, black tapered candles in a gold or bronze base, and dark Halloween decor like black spider webs, skulls, and vintage apothecary jars,” O’Malley concludes.

6. Spooky topiaries and dark florals

As Lauren mentioned, florals and topiaries are a subtle way to bring Halloween into your space while keeping it stylish. Create eerie, twisted topiary shapes out of faux plants, like black spirals or gnarled branches. For indoor arrangements, dark florals like black roses, blood-red dahlias, or deep purple hydrangeas make for the perfect haunted bouquet. Place them in worn-out or distressed vases and layer in some fake cobwebs or skull accents for a spooky touch.

For extra decorative flair, craft a Halloween wreath (and save yourself a few cents). “I recently made this Halloween wreath. The use of purple, black, and orange really brings the holiday to light,” Diana Callaghan with Sew Very Crafty shares. “A trip through the Dollar Tree store can give you so many ideas, especially during the holidays, Halloween in particular. Dollar Tree crafts are simple and inexpensive to make, making it my go-to for easy design projects.”

7. Spider web elegance

Consider using black lace or intricate macramé that mimics the web-like designs but in a more elegant fashion. “Cover your pillows and stacks of books (pages front-facing) in black spiderweb lace to create a spooky, haunted effect,” recommends Alexandra of Home with Alexandra. “Drape your yard and house with loads of white webbing too. Place white webbing in your yard and inside for a truly creepy forest atmosphere. With a little creativity and a lot of Halloween spirit, you can create a home that’s as spooky as it is fun.”

8. Seek inspiration

The greatest way to elevate your Halloween decor is to gain inspiration from others. Explore social media, browse Pinterest, or host a decorating contest to discover new and creative ideas that can add a unique twist to your own spooky setup. “Halloween is such a fun holiday,” explains Melanie at Next Phase Parenting.

“A great way for a student to get involved at college is to participate in a decorating contest for their dorm room or apartment! If you only purchase small and flat things, the need for storage is minimal. There are so many great ideas for a small space!” With the right combination of creativity and compact decor, even small spaces can deliver a big, spooky impact that’s perfect for the holiday.

Bring your Halloween vision to life

These Halloween decor ideas will transform your home into a spooky yet stylish setting. By combining gothic elements, playful characters, and haunting details, you can strike a balance between creepy and charming — something that would surely make Tim Burton smile. Whether you want to go all out or keep it simple, these ideas will help you create a Halloween atmosphere that is uniquely enchanting.

Wesley Masters works on Redfin’s stellar Content Marketing team as a content writing specialist. She has been with Rent. since 2023 and her previous experiences include non-profit communications, graphic design, and content creation. Wesley lives in Atlanta, GA, and loves outdoor walks, hanging out with her loved ones, and finding new recipes to try on Pinterest. Her ideal home is a brownstone with contemporary interiors.

Source: rent.com

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The best place to buy a used car — whether it’s a traditional car dealership, used-car website or private seller — depends on your priorities and needs. When you know the various options for buying a used car, along with the advantages and disadvantages of each, it can help you target those that are best for you.

Buying from a traditional used car dealership

If you want to browse a selection of used cars in person, take a test drive and negotiate price, a traditional car dealership may be a good option for you. You can get financing on site, although it’s always best to come with a preapproved auto loan for comparison. Also, the dealership will handle most of the paperwork for you.

On the downside, you can expect higher prices than you’ll find at other places and possible sales pressure from employees driven by quotas and commissions.

Before you visit a dealership, browse their online auto listings and read customer reviews. Also, be aware that different types of used-car dealerships exist, and one may be a better fit for you than another. Here’s a brief rundown:

Franchise dealerships

Franchise dealerships are affiliated with certain car manufacturers, and they sell both new and used vehicles. New cars in their inventory are limited to makes and models of the affiliated car maker, but used cars could be different brands, usually obtained from customer trade-ins. Franchise dealerships also sell certified pre-owned cars (CPO cars), which are used cars of that dealership’s brand. CPO cars have been inspected, reconditioned with factory parts and typically come with the best warranties, so they’re considered to be among the most reliable used cars.

  • If you have a specific make and model in mind, you’re likely to find a better selection at a franchise dealership.

  • Franchise dealerships with CPO cars are an opportunity to buy a used car in like-new condition.

  • This type of dealership usually has a larger network of lending partners to help you find a competitive rate on an auto loan.

  • If you’re looking for a range of makes and models, the used-car lot at a franchise dealership is less likely to offer that.

  • Franchise dealers often have the expense of bigger showrooms and employee teams, which can result in higher car prices.

  • If you buy a CPO car, expect it to have a higher price tag than a non-certified pre-owned car. 

Independent dealerships

Independent dealerships aren’t affiliated with a certain car manufacturer and are usually owned and operated locally. They can be a single location on a corner lot or a full-sized dealership with multiple locations around town.

  • Independent dealerships have a mix of makes and models, since they aren’t affiliated with a specific car manufacturer.

  • Independent dealers usually don’t have as much overhead, so they’re able to sell used cars for less.

  • Smaller independent dealerships may have limited inventory. 

  • Independent dealerships often have fewer financing connections and options, so you may be offered a higher loan rate than you could get elsewhere. 

National used car dealerships

National dealerships have many locations across multiple states. They have a big online presence, with car listings searchable by area and an ability to handle the sales process remotely.

One national car dealer is AutoNation, which has more than 300 locations in 20 states and more than 18,000 used vehicles, including CPO cars, listed for sale online. Another is CarMax with 200-plus stores nationwide and an inventory of more than 45,000 cars listed online. If you aren’t near a national dealer’s location, you can pay to have the car you buy shipped to your home.

  • National dealerships, compared to other types of dealerships, have the largest inventories and variety of makes and models.

  • You can easily search their website listings and manage the entire buying process online. 

  • National dealerships usually have no-haggle pricing.

  • Cars purchased from national chains often come with a limited money-back guarantee and warranty. For example, CarMax allows you to return a car within 10 days of its purchase, and cars come with 90-day or 4,000-mile warranty.

  • If the car you find is located across the country, test driving can be difficult. You might be able to pay to have the vehicle sent to a nearby location for a test drive, with no obligation to buy.

  • If you prefer negotiating on price, that isn’t likely to be an option.

  • Money-back guarantees may not apply for cars delivered to customers out of state, so check the fine print.

Car rental agencies

Car rental companies update their fleet of vehicles every year or two, and many of those cars are sold by their sales divisions. Rental companies have a limited number of used-car dealerships, with available cars also listed on their websites.

  • Used rental cars usually sell for competitive prices.

  • Rental cars have a strict maintenance schedule, which isn’t always the case for other used cars.

  • Rental cars are often sold with an extended warranty.

  • Rental cars may have higher mileage or more wear and tear than other used cars.

  • Inventory for used rental cars is limited, and you may not be able to find a specific make and model.

Buying from online-only used-car websites

Many car-buying websites are operated by companies that don’t have their own car lots or showrooms. These sites differ in how they operate and obtain vehicles, so the best websites to buy used cars won’t be the same for everyone. Here are a few examples:

Online-only used car retailers

Online auto retailers, like Carvana, operate much like a dealership but without traditional dealer locations. They have their own inventory to sell, and they may list cars from dealership partners.

  • Online car retailers have a large inventory and variety of makes and models.

  • The retailer can handle all or most of the car-buying process for you, including financing and title transfer/registration if allowed in your state.

  • Cars purchased from online retailers usually come with a limited money-back guarantee and warranty. For example, Carvana provides a seven-day money-back guarantee (with a limit of 400 miles) and a warranty covering 100 days or 4,189 miles.

  • Prices aren’t typically negotiable, so you can avoid the stress of haggling.

  • You may have to pay to have a car shipped or delivered to your home or other agreed location. 

  • You probably won’t be able to test drive a car until it’s delivered.

  • If you like to negotiate on price, that may not be an option.

Online auto marketplaces

Websites like Autotrader and Cars.com aggregate listings for used cars from dealerships and private sellers. Online aggregators may include listings from sites like CarMax and Carvana.

  • Auto marketplaces provide an easy way to view cars for sale without having to visit multiple websites.

  • Because they pull listings from many sources, these sites can have millions of listings from across the country.

  • Aggregator sites enable you to connect directly with a seller to ask questions or set up a test drive. An identity check is done for private sellers.

  • Since you’re not purchasing from the aggregator, many details — like whether you can negotiate or receive a warranty — will depend on the seller.

  • If the car you find isn’t located nearby, it may be difficult to test drive it.

  • You may have to pay to have a car shipped or delivered to you.

Buying a car from a private seller

Also commonly referred to as a private-party sale, individual car owners are another source for buying a used car. “Cars for sale by owner” can be found through websites like Facebook Marketplace and Craigslist.

  • Negotiating with a private-party seller may be easier than negotiating with a trained salesperson at a dealership.

  • If you’re looking for an exact make and model, you may be able to cast a wide net online and find it for sale by owner.

  • Private sellers won’t push expensive add-ons, like paint protection packages.

  • Since you’ll be responsible for paperwork typically handled by a dealership, buying from a private party is more time-consuming.

  • You’ll need to be cautious to avoid potential scammers.

  • Your car won’t have warranty coverage, unless it’s still covered under the original manufacturer’s warranty.

Auto auctions are another place to buy a used car

Auto-auction businesses provide many used cars to dealerships that then resell them, but some auctions are public so anyone can participate. Auctions may be in person, online or a combination of both.

  • Buying a used car at an auction can be a way to get a good deal.

  • Auctions usually have a wide variety of used cars.

  • If the auction is nearby, you should be able to inspect the car before bidding.

  • Fast-paced bidding can run prices up and cause you to overspend.

  • Auctions usually sell cars “as-is,” so you have no recourse if the car is defective and in need of costly repairs.

  • You typically can’t test drive the vehicle before buying it.

How to find the best place to buy a used car

Ultimately, the best place to buy a used car is wherever you can find the best deal on a reliable vehicle. You can improve your chance of doing that if you follow these basic tips before buying a used car:

  • Look at the car’s vehicle history report, such as Carfax or AutoCheck, for information about the car’s past, such as major accidents, maintenance and title information. Most dealerships offer buyers a free vehicle history report, but you may have to pay for one yourself if you buy from an individual.

  • Enter the car’s vehicle identification number (VIN) on the National Highway Traffic Safety Administration website to find its recall history and see if any problems still need to be addressed.

  • Research the car’s current market value using online pricing guides like Kelley Blue Book or the National Automobile Dealers Association to ensure it’s listed at a fair price. If you’ll be trading in a car, research the trade-in amount you should expect too.

  • Test drive the car to see how it accelerates, handles and drives. Driving a car can alert you to potential problems that might not be evident any other way. Test driving is important, so if it isn’t an option at all — for example, if you buy at an auto auction — it could be a reason not to buy a car that way. 

  • Get the car inspected by an independent mechanic that you trust. Used car inspections cost several hundred dollars, but they can prevent you from later paying thousands of dollars for car repairs. Note that CPO cars receive thorough inspections, so it isn’t necessary to have a separate one. Also, if you have a car shipped to you, make sure to have it inspected and test drive it before any money-back guarantee expires.

Source: nerdwallet.com

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Looking for ways to earn extra cash online? Websites like Freecash can give you many chances to make money from home. You can try surveys, watch videos, play game apps to win real money, and more to earn rewards. These sites give you fun ways to make money in your spare time. Some pay better…

Looking for ways to earn extra cash online? Websites like Freecash can give you many chances to make money from home. You can try surveys, watch videos, play game apps to win real money, and more to earn rewards.

These sites give you fun ways to make money in your spare time. Some pay better than others, so it’s smart to try a few. You might find new favorites that work well for you.

With a bit of effort, you could earn some nice extra spending money each month.

I have earned over 100 free gift cards and PayPal money by using many of the sites below, so I know they are real!

Proof that I made money playing games on Freecash. The $0.05 amounts were rewards for playing 2 minutes each day. The larger amounts like $40, $70, and $150 were for reaching certain levels.

What Is Freecash?

Freecash is a website where you can earn money by doing fun activities online. It’s like getting paid to play! You can make extra cash by taking surveys, trying out new apps, and even playing games on your phone or computer.

Freecash started in 2020 (you can find my full Freecash review here). Since then, lots of people have joined and earned money. In fact, Freecash users have made over $75 million combined!

Here’s how it works:

  1. Sign up for free
  2. Pick an activity you like
  3. Complete the task
  4. Get coins as a reward

Every 1,000 coins equals $1. When you have enough coins, you can trade them for real money or gift cards. You can get paid through PayPal, choose gift cards from places like Amazon or Google Play, or even get paid in crypto (like Bitcoin).

Freecash has many ways to earn:

  • Welcome bonus when you join
  • Surveys that pay $1 for 5 to 10 minutes
  • Games that can pay up to $650
  • Download apps that pay $1 to $75

You can even make money by telling your friends about Freecash. Plus, there are contests where you can win extra cash by being a top earner.

It’s pretty quick to start making money on Freecash. On average, people earn enough for their first payout in just 17 minutes.

I have personally made $302 by playing games on my phone on Freecash in just one week. You can read about it here – How I Made $302.80 Playing Games on My Phone (In One Week).

Click here to sign up for Freecash.

Best Websites Like Freecash

Here’s a quick list of the best sites like Freecash:

Below are the best websites like Freecash to make money.

As you can see here, I have earned 109 gift cards from Swagbucks. This is an old screenshot, I’ve earned a few more since then.

1. Swagbucks

Swagbucks is a rewards platform where you can make side cash online.

I started using Swagbucks years ago, and it’s helped me earn extra cash from home or while traveling. I’ve personally earned over 100 free gift cards through Swagbucks, so I know it’s a real app that pays you!

You can earn points called SB by doing easy tasks. These include taking surveys, watching videos, shopping for cash back, scanning receipts, and playing games. You can also get SB for shopping online or searching the web.

It’s free to join and only takes a few minutes to sign up. The points you earn can be turned into free gift cards, such as to Amazon, Target, Visa, and PayPal.

To play games on Swagbucks, just go to the “Play” tab after logging in. When I logged in, I saw over 20 games I could get paid to play, with a total reward value of $2,264.02 or 226,402 SB points.

Swagbucks won’t make you rich, but it’s an easy way to get some extra spending money. You could use it for small treats or to help pay bills. Give it a try and see how much you can earn!

If you join Swagbucks through my referral link, you can receive a $10 bonus.

Recommended reading: Swagbucks Review

2. KashKick

KashKick is a Get Paid To (GPT) site that pays you for doing simple tasks like taking surveys and playing games. It’s free to join and easy to use.

One of the best things about KashKick is the variety of games you can play. You might try Monopoly GO, Yahtzee, or Bingo Blitz. Some games can even earn you over $100 if you reach certain levels.

Example: Here’s how you can make money playing Monopoly Go on KashKick: Install the game (make sure to allow tracking on your device!) and reach Board 27 within 8 days to get $30. If you reach Board 42 in 12 days, you’ll earn an extra $40, and if you reach Board 71 in 24 days, you’ll get another $50. Altogether, you can earn $120!

Surveys are another good way to earn on KashKick. You’ll answer questions about products and services, and each survey usually takes less than 20 minutes and pays between $1 and $5.

When you’re ready to get paid, KashKick uses PayPal. You need to earn at least $10 before you can cash out.

Please click here to sign up for KashKick for free.

Recommended reading: KashKick Review

3. InboxDollars

InboxDollars is a popular site that pays you for doing fun online tasks. You can earn money by taking surveys, watching videos, and playing games.

It’s easy to use and free to join.

InboxDollars pays through PayPal cash and free gift cards to places like Amazon, Apple, Target, Dunkin’ Donuts, Lowe’s, Barnes & Noble, and Gap.

Sign up for InboxDollars here and get a free $5 bonus.

4. PrizeRebel

PrizeRebel is a great choice if you’re looking for a site like Freecash.

You can take surveys, play games, watch videos, and shop to earn points. Some of the games on PrizeRebel include Bingo Blitz, Solitaire Grand Harvest, Age of Apes, Kingdom Guard, Yahtzee, Woody Sort, Viking Rise, and others.

These points can be turned into cash (PayPal money) or free gift cards.

Like Freecash, PrizeRebel also has a referral program so you can earn extra by inviting friends to join.

You can sign up for PrizeRebel here.

5. MyPoints

MyPoints is a popular rewards site that lets you earn money in different ways, just like Freecash. You can take surveys, play games, and shop online to get points.

To get paid to play games on MyPoints, log in to your dashboard and go to the “Games” tab. There, you’ll find games like Bejeweled, Bingo, Catch 21, Puzzle Match, Wheel of Fortune, and more.

You can sign up for MyPoints by clicking here.

6. Survey Junkie

Survey Junkie is a popular website where you can make money by taking online surveys. They don’t have games to play like Freecash, but they have a lot of surveys that you can answer in your free time.

It’s easy to use and free to join. You can earn points for each survey you complete.

The surveys on Survey Junkie cover many topics. You might answer questions about products, brands, or your daily habits. Most surveys take between 5 and 20 minutes to finish.

You can sign up for Survey Junkie here.

7. Branded Surveys

Branded Surveys is an easy way to make some extra cash in your free time by answering surveys.

Each survey can pay you between $0.50 and $5. The amount you get depends on how long the survey takes, and most surveys only take 5 to 20 minutes to finish.

You can also earn points by inviting friends and answering a quick daily poll. If you’re really active, you might even win bonus points on their leaderboard.

Once you have 500 points, you can cash out. That’s equal to $5. You can choose to get paid through PayPal or pick from over 100 different gift cards.

You can sign up for Branded Surveys here.

8. Scrambly

Scrambly is a popular GPT site where you can earn money by doing simple tasks online. It’s a lot like Freecash and other reward sites.

On Scrambly, you can make money by taking surveys, playing games, and trying out new apps. These are quick and easy things to do in your free time.

When you finish tasks, you get points. You can trade these points for real money or gift cards. Some popular gift card options are Amazon, Walmart, and Starbucks.

One good thing about Scrambly is that it has a low cash out minimum of just $1. This means you don’t have to wait long to get your rewards and you can get paid pretty quickly.

Please click here to sign up for Scrambly.

Frequently Asked Questions

Below are answers to common questions about websites like Freecash.

What are some other websites like Freecash where I can make money?

My favorite websites and apps like Freecash are Swagbucks, KashKick, InboxDollars, PrizeRebel, and MyPoints. These sites let you earn money by doing tasks online such as by taking surveys, watching videos, playing games, and more.

What’s better than Freecash?

Swagbucks is a popular choice and I have been active on this site for years. It has many ways to earn and has paid out over $500 million. You can get cash back for shopping, take surveys, and play games. Some people like it better because it has more options to earn money.

How much money can you typically earn using sites like Freecash?

The amount of money you can make on sites like Freecash can vary, but most people make $1 to $5 per day. Some people are able to make $10 to $15 daily. It depends on how much time you spend and which tasks you do. I definitely don’t think you should expect to get rich, but you can earn some extra cash.

What are some tips for maximizing earnings on websites that pay cash for tasks?

To make the most money on sites that pay cash for tasks, I recommend doing the highest-paying tasks first and checking for daily bonuses. Also, try different types of tasks to see what pays best for you. For some people, it may be playing games, and for others, it may be answering as many surveys as possible.

How much can you earn with Freecash?

Freecash pays an average of around $15 to $30 per day (it depends on the day). Your earnings can be higher or lower. It depends on the tasks you do and how much time you spend. Some users make more by doing lots of tasks every day.

Which is better, Freecash or Swagbucks?

Both Freecash and Swagbucks have pros and cons. Swagbucks has more ways to earn and has a longer history. Freecash might have better payouts for some tasks like playing games. Try both to see which you like better, or you can simply just use both at the same time. For me, I really like both Freecash and Swagbucks.

Websites Like Freecash – Summary

I hope you enjoyed my article where you learned about other websites like Freecash.

If you’re looking for easy ways to make extra money online, websites like Freecash have many options. You can earn money by doing surveys, playing games, watching videos, and trying out apps.

These sites won’t make you rich, but with some effort, you can earn a little extra money each month.

I have personally earned over 100 free gift cards as well as PayPal cash by using many of the sites listed in this article. They are all real.

Here’s a quick summary of my top websites like Freecash:

Plus, you can join Freecash for free here too.

What are your favorite sites like Freecash?

Recommended reading:

Source: makingsenseofcents.com

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There’s no question that furthering your education can be an expensive endeavor. But depending on what you study, students in some majors can expect to pay a significantly higher price than others.

If your goal is to study law, medicine, or veterinary medicine, for example, and you plan to get a graduate degree, you could end up owing five or six times more than the average person with a bachelor’s degree.

Whether you choose your major out of passion or for the potential paycheck — or both — only time will tell if you’ll get the outcome you’re hoping for. In the meantime, it can be a good idea to look at how much you might have to borrow to finance the course of study you’re considering.

Student Loan Debt in America

How much do student loan borrowers in the United States owe after college?

According to the Federal Reserve’s most recent numbers, outstanding U.S. student loan debt reached $1.74 trillion in the second quarter of 2024. That’s nearly triple what the Fed says Americans owed in 2006.

Gen Xers have the most student loan debt out of any other generation, with an average balance of $44,290 per borrower. Baby boomers have the second-largest amount at $42,520 per borrower, and millennials average $32,800 per borrower.

And the United States isn’t the only country with a high amount of student debt. In England, the value of outstanding loans reached £236 billion (approximately $261 billion in U.S. dollars) at the end of March 2024. The government there forecasts the value of outstanding loans will be around £500 billion (approximately $553 billion in U.S. dollars) by late 2040s.

While student loan forgiveness and other reforms are often discussed here and abroad, little is happening so far.

Recommended: Average Student Loan Debt: By Career

Average Student Loan Debt

According to the Education Data Initiative, the average federal student loan debt balance is $37,853 per borrower. And if you include private loan debt, the average balance may be as high as $40,681.

Of course, the amount you might borrow (or have borrowed) could vary significantly depending on your major and the degree required to pursue your chosen profession.

The average student loan debt for a borrower with a bachelor’s degree, for example, is about $30,500. But if your major moves you on to a graduate degree, the cost can move on, as well — to an average of $65,667 for the graduate degree only ($84,203 on average in total student loan debt). And if you’re thinking about a degree in law or medicine, your debt could be in the hundreds of thousands.

Federal student loan programs also allow graduate students to borrow more money than undergraduates. Though there’s a $31,000 cap on federal loans for undergraduate students who are dependents, graduate students may be eligible to borrow up to the full cost of attendance through the federal Grad Plus program.

Other factors that affect the amount students end up borrowing can include the cost of living in the state where the school is located, whether the school is public or private, and whether the student is paying in-state or out-of-state tuition.

Recommended: How to Pay for College

Student Loan Debt by Major

When you first start thinking about how to choose your college major, it’s likely you base your top choices on the academic subjects you’ve always been good at or things you’re interested in. Maybe you have a passion for a subject you feel destined to pursue.

If you’re a practical person, you also may have considered what career that degree might potentially lead to, and how much you’d earn if it became your profession.

What you may not have thought about — at least not at first — was how much it might cost you to major in one subject vs. another. Or if you might have to get an advanced degree in your major to actually get the job, or paycheck, of your dreams.

Here’s a look at the average student loan debt for some popular degrees:

Law Degree

$160,000 upon graduating

74% graduate in debt

Medical Degree

$243,483 upon graduating

73% have educational debt

Recommended: What Is the Average Medical School Debt?

Dental School

$296,500 upon graduating

82% take out student loans

Nursing

Associate Degree in Nursing (ADN): $23,302

Bachelor of Science in Nursing (BSN): $28,917

Master of Science in Nursing (MSN): $49,047

Almost 70% take out student loans.

Recommended: A Look at the Average Cost of Nursing School 

Business Administration

$41,000 to $170,000 for MBA students

54% of MBA graduates take out loans

Architecture

$40,000 in debt

(% who borrow not available)

Veterinary Medicine

$179,505 on average

82% graduate with debt

Pharmacy

$167,711

82.2% take out student loans

Education/Teaching

$55,800

45% take out loans

Communication/Journalism

Bachelor’s degree: $31,651

Master’s degree: $27,911

(% with loans not available)

Associate Degree Debt by Major

Below is the average debt of students graduating with an associate degree based on major, per Education Data Initiative:

•   Alternative and Complementary Medicine and Medical Systems: $38,533

•   Computer Systems Analysis: $27,924

•   Behavior Sciences: $21,859

•   Construction Management: $19,423

•   Marketing: $16,628

•   Animal Sciences: $12,705

•   Education, General: $11,035

•   Engineering, General: $10,299

•   Biological and Physical Sciences: $7,591

Bachelor’s Degree Debt by Major

Below is the average debt of students graduating with a bachelor’s degree based on major, per Education Data Initiative:

•   Behavioral Sciences: $42,822

•   Computer Programming: $28,586

•   Education, General: $28,001

•   Music: $26,600

•   Architecture: $26,468

•   Construction Engineering: $26,025

•   Social Work: $24,863

•   Accounting and Related Services: $24,086

•   Economics: $20,700

•   Human Biology: $17,994

•   Science Technologies/Technicians, General: $9,529

Master’s Degree Debt by Major

Below is the average debt of students graduating with a master’s degree based on major, per Education Data Initiative:

•   Advanced/Graduate Dentistry and Oral Sciences: $158,155

•   General Sales: $104,650

•   Real Estate Development: $97,023

•   Landscape Architecture: $80,409

•   International Business: $65,052

•   Public Health: $48,726

•   Engineering Science: $45,887

•   Insurance: $43,408

•   Construction Management: $37,620

•   Engineering, General: $33,235

•   Education, General: $29,434

Doctoral Degree Debt by Major

Below is the average debt of students graduating with a doctoral degree based on major, per Education Data Initiative:

•   Pharmacy, Pharmaceutical Sciences, and Administration: $310,330

•   Psychology, Other: $187,804

•   Public Administration: $146,194

•   Health and Medical Administration Services: $101,589

•   Education, General: $82,131

•   Biology, General: $42,879

Federal vs Private Student Loan Debt

As these student loan debt statistics show, the rising cost of attending college can be a heavy financial burden for many Americans. And because there are limits on how much students can borrow in federal loans each year, many turn to private student loans to help cover their education bills.

The national private student loan balance now exceeds $128 billion, according to EducationData.org, which says 88.93% of that balance is in undergraduate loans and 11.07% is in graduate student loans.

Private student loans are a pretty small piece of the overall outstanding student loan debt in the United States — about 8.84%. But the number of students taking out private loans is growing. Student loan borrowers owe 71% more in private student loan debt than they did a decade ago, the Student Borrower Protection Center reports.

Recommended: Private Student Loans vs Federal Student Loans

The Takeaway

No matter what your major is, there’s a good chance you may have to take on some debt to get the education you need and want.

And the final bill could be substantial: The average federal loan debt balance is $37,843 per borrower, but if you choose a major that requires a graduate degree, it could be two or three times that amount, or more.

Most student borrowers use federal loans to help pay for their education. But a combination of federal and private loans may be necessary to cover all your costs.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

How much student loan debt is there in the United States?

According to the Federal Reserve’s most recent numbers, outstanding U.S. student loan debt reached $1.74 trillion in the second quarter of 2024.

What is the average U.S. student loan debt per student?

According to Education Data, the average federal student loan debt balance is $37,843 per borrower. If you include private loan debt, the average balance may be as high as $40,681.

Who owns the most student debt?

The federal government — or, more specifically, the U.S. Department of Education — owns about 92.5% of all student loan debt in America.

Photo credit: iStock/FabrikaCr

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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.

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.

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Source: sofi.com

Apache is functioning normally

Moving out of your parents’ house for the first time can feel exciting. Freedom, peace, and no one telling you what to do. But in reality, it’s not as easy—or as cheap—as it looks. There are hidden costs you may not have considered, and careful budgeting is key. You’ll also need to save enough money before making the leap to your own place. So, how much should you have saved before taking the plunge? Let’s break down the costs and help you figure out exactly how much you need to move out on your own.

So, how much money should you save before moving out?

Moving out is more expensive than you might think. While the cost of moving and monthly rent payments certainly factor into the cost, there’s so much more to consider. The actual amount varies depending on the person, but the general recommendation is to have six months worth of living expenses saved up before you move out and live on your own. Obviously, this can vary widely depending on where you live, as the cost of living in an apartment in Waco, TX pales in comparison to what you’ll pay in a San Francisco apartment. Let’s break down some of the expenses you’ll have to account for.

First, assess your current spending

Before you determine how much money you’ll need to move out, it’s crucial to evaluate how much you’re spending right now. Start by reviewing your last six months of bank statements. Break down your expenses into categories such as transportation, entertainment, food, and subscriptions. This will help you see what your monthly spending looks like and where your money is going.

Don’t overlook debts. If you’re making regular payments on student loans, a car, or credit cards, consider how these obligations will affect your ability to pay rent and other living expenses. If your current debt load feels overwhelming, try to pay down some of it before making the move to your own place. Understanding your current spending habits will give you a solid foundation to start building a budget for life after you move out.

Determine how much rent you can afford

One of the most important steps in moving out is determining how much rent you can realistically afford. A common reccomendation is that you should be spending no more than a third of your monthly take-home income on rent. To figure this out, start by calculating your monthly income after taxes. Multiply that amount by 0.30 to get the maximum rent you should consider. For example, if you take home $3,000 per month, you’d aim to spend no more than $900 on rent.

Keep in mind, this 30% rule is just a guideline. If you have other significant financial commitments, like loan payments or savings goals, you may need to adjust your rent budget accordingly. On the other hand, if you’re in a lower-cost area or sharing rent with roommates, you might be able to afford a higher percentage.Take a look at the average monthly rent in the city or area you wish to find a place. This will give you an idea of where you can afford to live and how much you’ll expect to pay.

Budget for additional upfront fees 

Rent is just one part of the cost of leasing your first apartment. Before you even move in, you’ll need to prepare for several upfront fees. These expenses can catch you off guard if you’re not aware of them, so it’s important to budget for them alongside your rent.

Common fees include:

  • Application fee: Often ranging from $50 to $100, this fee covers the cost of processing your rental application.
  • Background check fee: Landlords typically charge between $35 and $75 to run a background check as part of the rental process.
  • Credit check fee: This can cost anywhere from $30 to $50, depending on the landlord.
  • Security deposit: Usually equal to one month’s rent, but it could be as high as two months’ rent in some cases. This deposit protects the landlord in case of damage or unpaid rent.
  • First and last month’s rent: Many landlords require both upfront to ensure you don’t skip out on the lease.
  • Move-in fees: These can range from $100 to $500, depending on your building, and are meant to cover elevator usage or building staff during your move.
  • Pet fees: If you have a pet, expect to pay a pet deposit or pet rent. Deposits may range from $200 to $500, while pet rent could add $25 to $50 per month to your rent.

Altogether, these fees can add up quickly, so be sure to include them in your budget as you plan for your move. By knowing what to expect, you can avoid surprises and make the transition to your new home smoother.

Factor in basic apartment necessities

But all those fees aren’t the only things you’ll need for your first month. Your apartment is empty, your cupboards are bare. You’ll need to stock up on cleaning and cooking supplies.

Before you settle in, you’ll need to shop for toilet paper, tissues, paper towels, garbage bags, laundry soap, dishwashing liquid, all-purpose cleaner, lightbulbs and other apartment essentials.

Don’t plan on ordering food every night, as that cost can add up quickly. You’ll have to cook at home to keep expenses down. In the kitchen, the cabinets and fridge will need to be filled with basic necessities like flour, sugar, baking soda, and vegetable oil, not to mention cookware. Be prepared to pay upwards of $200 to fill your pantry and supply closet.

Don’t forget utilities and recurring expenses

As soon as you move in, you’ll have to start to pay your monthly bills for recurring expenses. Utilities will consist of your electric bill to run your heat, air conditioning and appliances, your water bill and (in some apartments) a natural gas bill. Expect to pay between $125 and $175 a month in basic utilities.

There are additional monthly utility costs, as well, including internet access and cable or streaming services. If you’re cutting the cord and can still stay on your parents’ Netflix and Hulu account, you’ll save a ton, but you’ll still need an internet connection from your cable company or another provider.

You might also face monthly fees for garbage pickup, recycling, sewer and even parking. And don’t forget about your cell phone bill.

Do some research on the average costs of these services in the area to which you’re planning to move, and calculate how they fit into your budget. Pay all your bills on time, and don’t make the mistake of falling into debt and ruining your credit score.

Moving costs

Then there’s the cost of actually moving. Depending how much stuff you have, how much furniture you’re bringing with you and how far away you’re moving, your costs will vary. The average cost of hiring a moving company. Save some cash by having friends help or borrowing a truck.

Regardless of your furniture situation, you’ll need to budget for some. Even if you’re simply moving your own furniture into your new apartment, you’ll likely need to rent a moving truck or hire professional movers to haul that bed, couch and other large items.

If you decide to buy new furniture, try to keep costs down by hitting thrift stores and Facebook Marketplace. Renting a partially furnished apartment may be a more efficient option even if you’ll pay a bit more in rent.

Account for lifestyle costs

When you move out of your parents’ house, your lifestyle expenses are likely to increase. Beyond rent and utilities, you’ll need to account for everyday living costs that can add up quickly. These include groceries, transportation, entertainment, dining out, and personal items like clothing or toiletries.

If you’re used to sharing household responsibilities or having meals provided, managing all of this on your own can be an adjustment. Groceries alone can be a significant expense, especially if you’re not accustomed to meal planning or cooking at home. You’ll also need to factor in transportation costs, whether it’s fuel for your car, public transit passes, or rideshares.

It’s also important to think about how you’ll spend your free time. If you’re someone who enjoys going out frequently or spending on hobbies, you’ll need to adjust your budget accordingly to ensure you can maintain the lifestyle you want while still covering your essentials.

Keep an emergency fund

Aside from all that, you should put away as much as you are able in case of emergency or job change. Always keep somewhere between $500 and $2,000 aside for unexpected health, car or other circumstances — and don’t touch it.

Ready to move? Make sure you’re financially prepared

Now that you know the true cost of leaving the nest, you can compare it to your paycheck and determine if you can afford to move out, how much rent you can manage and how much you must save. Remember, you’ll need to be able to cover six months of these expenses to be comfortable. The last thing you want to do to yourself is miscalculate your expenses and have to move back in with your folks.

Source: rent.com