Missouri may be known for big cities like St. Louis and Kansas City and BBQ cuisine, but it’s also known for its scenic landscapes. From the lush plains region to blue lakes and the famous Ozark Mountains, Missouri has plenty of towns that capture the spirit of the great outdoors. So, if you’re looking for a mountain town to call home, look no further than Missouri.
At Rent., we’ve collected a list of the best mountain towns in Missouri to live in this year. Each town has its own unique character and community feel mixed with peaceful surroundings and outdoor adventure. Read on to discover which areas made the list.
1. Branson
Mountain range: Ozark Mountains
Average rent price: $1,157
Population: 11,540
Houses for rent in Branson, MO
Apartments for rent in Branson, MO
Homes for sale in Branson, MO
The first mountain town on our list is Branson, a popular travel destination in the heart of the Ozark Mountains. Branson offers a unique blend of entertainment and outdoor adventure. The town has a vibrant theater scene with spots like Dolly Parton’s Stampede, the Hughes Brothers Theatre, The Dutton Family Theater, and Clay Cooper Theatre, among many others. You can check out all the museums, theatres, and landmarks in the Branson Theatre District.
If you’re looking to get outdoors, Branson is surrounded by several parks and lakes, providing ample opportunities for fishing, hiking, and boating. Some areas to explore include Table Rock State Park, the Branson Scenic Overlook, Ozark Mountain State Park, White River Balds Natural Area, and Talking Rocks Cavern. Branson’s proximity to the mountains allows for easy access to scenic trails and outdoor activities, making it a great city for those who love nature and entertainment.
2. Camdenton
Mountain range: Ozark Mountains
Average rent price: $1,925
Population: 3,750
Houses for rent in Camdenton, MO
Apartments for rent in Camdenton, MO
Homes for sale in Camdenton, MO
Camdenton lies within the scenic Ozark Mountains, offering residents a peaceful place to call home. There are plenty of outdoor activities to explore in the area such as Bridal Cave & Thunder Mountain Park and Ha Ha Tonka State Park, which features the Ha Ha Tonka Spring Trail and Ha Ha Tonka Castle Ruins. Camdenton is a gateway to the Lake of the Ozarks, making it a haven for water sports enthusiasts.
With a population of under 4,000, Camdenton is also known for its close-knit community and access to outdoor adventures. In town, you can check out places like Ozarks Amphitheater, a popular concert venue, and the many local restaurants and shops. With its rich history and welcoming atmosphere, Camdenton is a great choice.
3. Cape Girardeau
Mountain range: Ozark Mountains
Average rent price: $1,106
Population: 39,530
Houses for rent in Cape Girardeau, MO
Apartments for rent in Cape Girardeau, MO
Homes for sale in Cape Girardeau, MO
Located on the banks of the Mississippi River and in the Ozark Mountains, Cape Girardeau is a city rich in history and natural beauty. With a population of nearly 40,000, it offers a mix of city and outdoor living. Cape Girardeau is home to numerous parks, historical sites, and cultural institutions like Historic Fort D, the Crisp Museum, Cape Rock Park, and The Glenn House.
Cape Girardeau’s residents enjoy a variety of recreational activities, including hiking, biking, and exploring the nearby trails. The city also serves as a gateway to the Trail of Tears State Park and the Shawnee National Forest. Finally, the vibrant downtown area boasts unique shops, restaurants, and galleries, giving residents plenty to do in Cape Girardeau.
4. Farmington
Mountain range: St. Francois Mountains
Average rent price: $667
Population: 18,210
Houses for rent in Farmington, MO
Apartments for rent in Farmington, MO
Homes for sale in Farmington, MO
Farmington is a charming town set against the backdrop of the St. Francois Mountains, offering plenty of outdoor areas to explore. Home to about 18,000 people, residents enjoy access to a variety of outdoor activities, including hiking in nearby state parks like St. Joe State Park, Hawn State Park, and Hickory Canyons Natural Area.
You can also learn about the region’s rich mining history at the Missouri Mines State Historic Site. Farmington’s community is vibrant, with local festivals, farmers’ markets, and cultural events throughout the year. The downtown area is also home to plenty of local restaurants, shops, and historic architecture.
5. Hollister
Mountain range: Ozark Mountains
Average rent price: $1,231
Population: 4,450
Houses for rent in Hollister, MO
Apartments for rent in Hollister, MO
Homes for sale in Hollister, MO
Located just south of Branson is the quaint town of Hollister. The town is surrounded by rivers, lakes, and forests, making it a perfect spot for outdoor enthusiasts. Near green spaces and trails like Lost Canyon Cave and Nature Trail, Table Rock State Park, and the Drury-Mincy Conservation Area, there is always a place to explore in the Hollister area.
Residents of Hollister enjoy the town’s proximity to Branson, with its entertainment options, while having a more laid-back atmosphere. Hollister’s historic downtown area, with its unique architecture and local businesses, adds to the town’s charm and appeal.
6. Joplin
Mountain range: Ozark Mountains
Average rent price: $1,047
Population: 50,030
Houses for rent in Joplin, MO
Apartments for rent in Joplin, MO
Homes for sale in Joplin, MO
Sixth on our list is Joplin, a historic city known for its location along Route 66. Situated in the Ozark Mountains, Joplin is close to natural areas like Shoal Creek, the George Washington Carver National Monument, Grand Falls, and the OK-KS-MO Tri-State Marker.
Joplin’s residents have easy access to numerous parks, museums, and cultural venues. The town’s rich mining history is celebrated in local museums and attractions, like the Joplin History & Mineral Museum, Route 66 Mural Park, and the Joplin Union Depot. Joplin is also known for its vibrant arts scene, with galleries, theaters, and public art installations throughout the city, which showcase the city’s history.
7. Lebanon
Mountain range: Ozark Mountains
Average rent price: $996
Population: 14,900
Houses for rent in Lebanon, MO
Apartments for rent in Lebanon, MO
Homes for sale in Lebanon, MO
Lebanon offers a blend of outdoor adventure and small-town charm, close to parks like Bennett Spring State Park, Bear Creek Conservation Area, and the Lead Mine Conservation Area. The town is known for its beautiful parks, historic landmarks, and access to outdoor activities such as fishing, hiking, and camping.
For example, you can check out places like the Route 66 Museum, the E.D. Rush Covered Bridge, and the Boswell Park Rt 66 Murals. The town hosts several annual events that bring the community together, including festivals and farmers’ markets. Lebanon combines the tranquility of mountain living with modern city life.
8. Rolla
Mountain range: Ozark Mountains
Average rent price: $813
Population: 20,180
Houses for rent in Rolla, MO
Apartments for rent in Rolla, MO
Homes for sale in Rolla, MO
Rolla is a vibrant town just outside of the Mark Twain National Forest. This forest is home to popular trails like the Bell Mountain Trail, fishing areas, and campgrounds. You can also explore nearby areas like the Little Prairie Conservation Area, Maramec Spring Park, Indian Trail Conservation Area, and Dillard Mill State Historic Site.
Rolla is home to about 20,000 residents, where you’ll find the Missouri University of Science and Technology, giving the city a bustling atmosphere. The town is also home to several parks, venues, and museums like Ozark Rivers Audubon – Nature Center, Ber Juan Park, the Ozark Actors Theatre, and the Phelps County Historical Society. If you’re looking for small-town charm alongside nature, be sure to check out Rolla.
9. Springfield
Mountain range: Ozark Mountains
Average rent price: $1,559
Population: 167,700
Houses for rent in Springfield, MO
Apartments for rent in Springfield, MO
Homes for sale in Springfield, MO
Springfield is a bustling city surrounded by the natural beauty of the Ozark Mountains. With a population of over 167,000, Springfield offers a wide range of cultural, educational, and recreational activities. The city is known for its vibrant downtown area and unique attractions like the Pythian Castle, History Museum on the Square, the Discovery Center of Springfield, Route 66 Car Museum, and the World’s Largest Fork By Mass.
Springfield’s residents enjoy a variety of outdoor activities, including exploring the numerous parks and trails in the area. Some popular areas include the Fantastic Caverns, the Bois D’Arc Conservation Area, the Rutledge-Wilson Farm Park, the Nathanael Greene/Close Memorial Park, and the Valley Water Mill Park. If you’re looking for a big city that’s close to nature, then Springfield may be for you.
10. West Plains
Mountain range: Ozark Mountains
Average rent price: $625
Population: 12,110
Houses for rent in West Plains, MO
Apartments for rent in West Plains, MO
Homes for sale in West Plains, MO
West Plains is located in the Ozark Mountains and is known for its scenic beauty, with easy access to outdoor activities such as hiking, fishing, and hunting. It’s near popular locations like the Collins Ridge Trail, Cane Bluff, and White Ranch Conservation Area.
The town hosts a variety of cultural events and festivals, reflecting its rich heritage and community spirit. You can also find plenty of local restaurants, shops, and museums like the Harlin Museum. West Plains’ residents enjoy the benefits of rural living while having access to the amenities and conveniences of a larger town.
Note, this list is not comprehensive of all the mountain towns in Missouri. Towns must have average rental data to be included on the list. Average rental data from Rent.com during September 2024. Population data is sourced from the United States Census Bureau.
FoundersCard, a membership community offering exclusive perks and discounts on travel, business expenses, entertainment and shopping, charges $595 per year for a standard membership. It’s marketed as a VIP pass for entrepreneurs and business executives. But to me, it felt less like a VIP pass and more like a coupon book that takes significant effort to use.
Although FoundersCard sounds like a credit card, it isn’t one. It’s a membership program that gives you elite status to certain airline and hotel brands and access to several discounts, plus business perks like members-only networking opportunities. Unlike the premium credit cards it competes with, you won’t earn a sign-up bonus or ongoing rewards with each purchase. And, notably, it doesn’t come with complimentary lounge access, a benefit travelers often use to justify the price of premium cards.
FoundersCard could be worthwhile for business owners wanting to take advantage of the business-specific benefits or loyalists of some of the participating airlines who spend upwards of $3,500 a year on flights. And if you can access membership for free (like I did) or at a discounted price, it might be a good deal. But at full price, it’s not a good value for most travelers.
What FoundersCard costs
FoundersCard has two membership levels:
Standard: $595 a year.
Elite: $995 per year.
It’s relatively easy to find promotions to test out the program before you pay. As of September 2024, you could receive a six-month free trial through the FoundersCard website. I received a free year of the Standard membership through my Clear membership.
Depending on how you sign up, you may have access to a different rate. For example, I was offered a renewal rate of $395 for the standard membership.
My experience
Once I filled out the application form for FoundersCard, I received an email stating that the membership board would look over my application and get back to me in one to three business days if I was approved. I received my approval email a little less than 24 hours later.
If you decide to accept a membership, you’ll need to provide your credit card information, but you won’t be charged until your trial period ends.
You can’t see the program’s full benefits until you’re approved. Once you are, you’re met with a dizzying amount of discounts, perks and elite status benefits. Here are some things you can expect:
Up to 16% off flights through United Airlines, Alaska Airlines, Virgin Atlantic, British Airways, Etihad Airways, Singapore Airlines, Qantas and Qatar Airways.
Elite status with Marriott Bonvoy (Platinum status), Hilton Honors (Gold status), IHG (Gold status), Omni (Champion status), Sonesta (Gold status), Virgin Atlantic (Silver status), Hertz, Avis and Sixt.
Discounts on select hotels.
Preferred pricing at sporting events, concerts and plays.
Discounts at select retail stores, like Adidas, Mr Porter and COS.
Preferred pricing on gym memberships through Equinox, Crunch Fitness, SoulCycle and CorePower Yoga.
Preferred pricing on electronics through Dell, Apple and Lenovo.
Discounts and credits on business services, like Amazon Web Services, Google Workspace, Stripe, Square and Hubspot.
Discounts on memberships and daily passes at select coworking spaces.
Up to 15% off select phone plans through AT&T.
Some of these benefits can be extremely valuable, especially if you have expenses that match what FoundersCard offers. Others are similar to deals you might get on $0-annual-fee credit cards.
🤓Nerdy Tip
Some of FoundersCard discounts will be automatically applied to your purchase once you click through the link on FoundersCard’s website. But you may need to provide a promo code to receive a discount, which you’ll find once you click on specific benefits.
What I like
As an avid credit card user, I was pleasantly surprised to find perks through FoundersCard that are harder to find on credit cards. Here are a couple of my favorites:
Up to 16% off United Airlines flights
United Airlines is rarely my first choice of airline, but since I live near a United hub, it’s often the best option. So that potential 16% discount on flights would be significant for me. It’s important to note, though, that you’ll only get this discount once you pay for a Standard membership. The trial period I currently have doesn’t come with this offer.
If you pay full price for the Standard membership, you’d need to spend over $3,700 on United flights each year to break even, which is more than most people will spend. But even if it doesn’t cover the entire cost of a membership, it can cover a significant chunk for travelers who often fly United.
Keep in mind the math doesn’t apply to every participating airline with a discount. The discount varies by airline, so you might have to spend even more to break even if you’re a devoted Alaska Airlines flyer (which only has a 5% discount) or British Airways flyer (which only has an up to 10% discount).
Cheaper stays at smaller hotel brands
Don’t get me wrong: I love my hotel rewards. But sometimes it’s nice to stay at a boutique hotel that isn’t connected to a large hotel chain. FoundersCard gives you deep discounts at over 500 hotels, many of them smaller chains. You can often find 20% discounts, and several hotels even waive resort fees.
Up to 15% off Hyatt stays through Hyatt Leverage
FoundersCard gives you automatic Hyatt Leverage, a program designed for small businesses that gives participants up to 15% off qualifying stays. Anyone can sign up for Hyatt Leverage, but if you (or your employees) don’t stay at least 50 nights per year, you could get removed from the program. With FoundersCard, there’s no such requirement. Because of Hyatt’s small footprint, I don’t stay at the brand often. But a 15% discount definitely makes me seek out Hyatt hotels when it’s available.
What I don’t like
Airport lounge access isn’t free
FoundersCard will get you into No1, Plaza Premium and The Club lounges for up to 20% cheaper than the general public pays. That’s not nothing. But considering the price of a membership that touts its premium travel benefits, I’d expect to sip cocktails in a free airport lounge.
Many credit cards — some with significantly lower annual fees — get you into airport lounges at no additional cost. For example, the $395-annual-fee Capital One Venture X Rewards Credit Card comes with access to Capital One lounges, Priority Pass lounges and Plaza Premium lounges. Even the United℠ Explorer Card, which has an annual fee of $0 intro for the first year, then $95, comes with two free day passes to United Clubs.
Low levels of elite status
FoundersCard offers automatic elite status for several hotels and rental car companies. This is a nice perk, but many hotel credit cards also offer an equivalent or higher level of elite status for a much lower price. For example: My $99-annual-fee IHG One Rewards Premier Credit Card gives me Platinum Elite status for IHG. FoundersCard only comes with Gold.
Lack of transparency
FoundersCard doesn’t provide any meaningful information to prospective members. Sure, it’s relatively easy to get a free trial, but it would be nice to know what you’re signing up for — before you have to provide your credit card information.
Even with my free membership, I can’t view key information that would influence my decision to renew my membership or upgrade to the Elite level. Up to 16% off United flights is a major perk. But I can’t see what the “up to” entails without paying. If I could guarantee 16% off all United flights, it would definitely influence my decision to renew my membership. But what if this rate only applies to certain routes or certain classes? The actual benefit could be much less valuable than I’d hope for.
Inconsistent entertainment discounts
FoundersCard sometimes offers event tickets at a discounted rate. While a great perk, it wouldn’t be a selling point for me.
In September 2024, I looked at tickets to a Texas Rangers baseball game, several broadway shows and a Taylor Swift concert. The Rangers tickets were roughly half the price through FoundersCard. The Broadway shows were the same price or even more than booking through Broadway.com. And Taylor Swift tickets were selling for a whopping $2,000 more than you could book on SeatGeek.
For people who can justify the cost of FoundersCard, potential savings on entertainment is a nice addition. But for the price, I’d expect more guaranteed savings on this spending.
Calculating your potential value is complicated
Unlike many premium credit cards, FoundersCard doesn’t come with statement credits to help you cover the cost of the annual fee. You could luck out and score a great deal on a hotel room or a couple of first class flights to cover the annual fee. But if not, you’ll likely need to add up small, individual savings throughout the year and hope the value outweighs the cost.
Even the $695 annual fee on The Platinum Card® from American Express is easier for me to justify (see rates and fees). The Platinum Card® from American Express comes with complimentary lounge access, which gets me into Centurion Lounges, Priority Pass lounges and Plaza Premium lounges, and it offers the same level of Hilton elite status (enrollment required). Terms apply.
On top of that, it’s easy to calculate the value of the other benefits. I recoup $640 each year with expenses I’m already going to make by taking advantage of three main statement credits:
$200 airline incidentals fee credit.
$200 Uber credit.
$240 entertainment credit.
Terms apply.
That leaves just $55 to make up throughout the year — significantly less than the $395 (or $995) I’d need to justify with FoundersCard.
Is FoundersCard worth it?
If you can find a free trial, it’s worth opening an account to try out the benefits. Business owners will probably get the most use out of the membership, but most travelers would probably be better off applying for a credit card with rewards and perks that match their lifestyle.
To view rates and fees of The Platinum Card® from American Express, see this page.
The median price of a home in Kaufman County, Texas, where Payovich was looking, jumped from $235,000 in 2019 to $310,000 in 2024. With the local housing market becoming more expensive, saving enough for a traditional down payment seemed out of reach. “Interest rates were really high, and with the down payment we were going … [Read more…]
Do you want to learn how to get paid to shop? It’s possible! Many companies and apps now give you ways to get paid for shopping that you might already do. You can make extra cash by grocery shopping, buying clothes, or even just browsing stores. These opportunities range from being a personal shopper to…
Do you want to learn how to get paid to shop? It’s possible! Many companies and apps now give you ways to get paid for shopping that you might already do.
You can make extra cash by grocery shopping, buying clothes, or even just browsing stores. These opportunities range from being a personal shopper to taking surveys about products you buy. Some options let you shop for yourself, while others involve shopping for other people. It’s a fun way to earn money doing something you enjoy.
Over the years, I’ve found that there are so many ways to make money while shopping, and it’s been a great side hustle for me. From getting paid to shop for others to earning cash back on my own purchases, it’s an easy and enjoyable way to bring in extra income.
How To Get Paid To Shop
Below are the best ways to get paid to shop.
1. Personal shopper
Personal shoppers help people buy things. They pick out clothes, gifts, and other items for clients, so this can be a fun way to get paid for shopping.
To become a personal shopper, you need good taste and people skills. You should enjoy fashion and keeping up with trends.
Many personal shoppers work in person in retail stores, but you can also get paid to shop online for others. They help customers find outfits and accessories. Some work for wealthy clients, buying everything from groceries to designer clothes.
You can start by getting a job at a department store and looking for positions in personal shopping or styling. Another option is to work for yourself and you can find clients through word-of-mouth or online platforms.
When I was younger, I had a friend who was a personal shopper for a family. My friend mainly did their grocery shopping and ran errands, but would occasionally buy gifts for when the family was attending a birthday party or a wedding.
2. BestMark
I’ve done a lot of mystery shopping over the years, and it’s been a fun way to earn extra money while doing something I already enjoy. Whether it’s evaluating a store’s customer service, trying out new products, or going to a restaurant, it’s pretty easy work.
BestMark is a top mystery shopping company that’s been around since 1986.
As a BestMark shopper, you’ll visit stores, restaurants, and other businesses. You’ll act like a regular customer and evaluate your experience, and this might include checking product quality, service speed, and staff friendliness.
After your visit, you’ll fill out a detailed report online. BestMark gives you a list to help you understand what to look for during your shop.
The pay for BestMark shops varies, but you can tend to earn between $10 and $20 per task. For most assignments, you will get your meal or whatever you buy reimbursed. They usually give you a limit on what you can spend or they specifically tell you what to buy.
Recommended reading: 9 Best Mystery Shopping Companies To Work For
3. Swagbucks
Swagbucks is a popular website that pays you to shop online, and it’s free to join and easy to use.
I’ve been using Swagbucks for almost 10 years now, and I think it’s pretty easy to earn points.
To get paid to shop with Swagbucks, there are two main ways to earn points:
Earn cash back when shopping online. For example, right now you can get up to 8% cash back when shopping at Macy’s, up to 4% when shopping on Amazon, up to 10% when shopping at Best Buy, and more.
Earn points (SB) by submitting your shopping receipts. You can submit any receipt that you have from the last 14 days – both in-store and online receipts. You can then earn points. For example, you can get 50 points for any loaf of bread that you buy, 50 points for any bananas, 900 points for diapers, and more.
When you’ve collected enough SB, you can trade them for gift cards. You can pick from lots of popular stores. If you prefer cash, you can get money sent to your PayPal account instead.
I’ve redeemed over 100 gift cards from Swagbucks over the years, and I love how easy this rewards site is to use.
If you join Swagbucks through my referral link, you will receive a $10 bonus.
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Swagbucks is a site where you can earn points for answering surveys, shopping online, watching videos, using coupons, and more. You can use your points for gift cards and cash.
4. Rakuten
Rakuten is a popular way to earn cash back when you shop online. It’s free to use and super easy to get started.
I have used Rakuten for years and it’s an easy way to get cash back for the online shopping that you already do. In fact, I just used it on a hotel booking, and I received 2% back, which adds up quickly for a hotel!
You just sign up for an account on Rakuten’s website or app. Then when you want to buy something, go through Rakuten first. They’ll send you to the store’s site to shop like normal.
After you make a purchase, Rakuten adds cash back to your account. The amount varies by store, but it’s often 1% to 10% of what you spend. Some stores even pay you 20% or more during special sales.
You can get paid by check or PayPal. Rakuten sends out payments every 3 months and you need at least $5 in your account to get paid.
So, why does Rakuten give you this cash back? Rakuten makes money by getting a commission from stores when you buy stuff. They share part of that commission with you as cash back.
Please click here to sign up for Rakuten. Plus, you can get a $30 bonus when you spend $30 if you join right now (at the time of this writing; please double-check the current offer).
5. Stitch Fix stylist
Want to get paid to shop for others? Becoming a Stitch Fix stylist might be perfect for you. This job lets you work from home and help people look their best.
Stitch Fix hires stylists for women’s, men’s, and kids’ styling. They even train you, so you can start with no experience.
As a Stitch Fix stylist, you’ll pick out clothes for customers based on their likes and needs. You’ll use a computer to see what items are available and choose the best ones for each person.
6. Instacart shopper
Becoming an Instacart shopper is a way to make money grocery shopping on your own schedule.
As an Instacart shopper, you’ll pick up and deliver groceries to customers. Instacart has full-service shoppers, where you shop and deliver groceries, as well as in-store shoppers, where you only shop in-store but don’t deliver (someone else picks up the items and delivers).
To start, you need to be at least 18 years old. You’ll also need a smartphone to use the Instacart app as this app tells you what to buy at the grocery store and where to deliver it.
Instacart gives you a payment card to use at stores. You’ll get this card about a week after signing up. You use it to pay for the groceries you’re buying for customers.
Recommended reading: Instacart Shopper Review: How much do Instacart Shoppers earn?
7. Shopkick
Shopkick is a free app that lets you earn rewards for shopping. You can get points called “kicks” for different activities. These include scanning products in stores and uploading receipts.
You don’t even need to buy anything to earn kicks. Just walking into certain stores can give you points. The app works with many popular retailers like Target and CVS.
As you collect kicks, you can trade them for gift cards.
To start, just download the Shopkick app on your phone. Then link your credit or debit cards to your account, because this lets you earn kicks automatically when you shop at partner stores.
8. Ibotta
Ibotta is a free app where you can earn cash back on your everyday purchases. It works for both online and in-store shopping at many popular retailers.
To get started, download the Ibotta app on your phone. Before you shop, browse the app for “offers” at your favorite stores. You’ll see cash back deals on specific items or entire purchases.
When shopping in stores, buy the items with offers (of course, make sure these are items that you actually want to buy because the item is not free, it is simply more like getting a discount). Then, take a picture of your receipt with the app when you are done. Ibotta will match your purchases to the offers and add cash back to your account.
For online shopping, start your purchase through the Ibotta app or website. Shop as usual, and you’ll automatically earn cash back on qualifying items.
Ibotta works with many big stores like Walmart, Target, and Kroger.
Once you reach $20 in your account, you can cash out via PayPal or choose a gift card. It’s a simple way to make your shopping more rewarding.
This app is available for both Android and iOS (iPhone).
You can sign up for Ibotta here.
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Ibotta is an app where you can get cash back and earn free gift cards. Simply submit your receipts on your everyday purchases with your phone.
9. Ath Power Consulting
Ath Power Consulting is a company where you can get paid to do mystery shopping. They have a huge network of over 600,000 shoppers across North America.
Ath Power does more than 10,000 mystery shops each month. They work with many well-known brands and companies around the world.
Ath Power mystery shoppers shop in person for companies, and then share their thoughts about the products and services they try. Companies can then use this information to improve what they sell to customers.
10. IntelliShop
IntelliShop is a company that hires for mystery shopping jobs. You can sign up to become a secret shopper and get paid to visit stores.
Most tasks pay between $5 and $20. They usually take less than 15 minutes in the store, and then after your visit, you’ll need to fill out a report.
IntelliShop has jobs in stores, online, and over the phone.
As a mystery shopper for any of the mystery shopping companies on this list, please remember to keep any receipts or business cards from your visit. You’ll need these to prove you completed the task and get paid.
Recommended reading: How To Become A Mystery Shopper
11. Care.com
Care.com is a site where you can earn money by helping others with tasks like grocery shopping. You can sign up as a helper on their platform to find local gigs.
The site connects you with people who need assistance, such as parents and seniors. You might help with grocery shopping, cooking, or other errands.
As a helper on Care.com, you can set your own rates. Some helpers charge between $15 and $25 per hour. The amount that you decide you want to get paid may vary based on your experience and the tasks you do.
You may be able to find enough gigs to make this a full-time career, or you can also do this part-time in your spare time.
12. Capital One Shopping
Capital One Shopping is a free tool that can help you save money when you shop online. It’s a browser extension and mobile app that works in the background while you browse.
When you’re ready to check out, Capital One Shopping searches for coupon codes automatically and it tries to apply them to your order to get you the best deal.
The tool also compares prices across different websites. This can help you find the lowest price for items you want to buy.
You can earn rewards called Shopping Credits when you make purchases through Capital One Shopping. These credits can be redeemed for gift cards to popular stores.
While you won’t get paid directly to shop, you can save money and earn rewards. This can add up to significant savings over time and even free gift cards.
I recently received a $71 gift card for simply using the Capital One Shopping browser extension, which was super easy to get.
You can learn more at Capital One Shopping Review: Is It Worth It?
13. Fetch Rewards
Fetch Rewards is a free app that lets you earn points for shopping. You can get points by scanning any receipt or shopping online through the app.
I use Fetch Rewards for nearly all of my grocery shopping receipts. What I like about Fetch is that you don’t need to clip coupons or look for special offers. You just buy products and scan your receipts when you are done. It takes less than one minute to scan your receipt and earn points, so it is very easy.
Fetch gives you points for every receipt you upload. You can earn extra points by buying specific brands or products. The app has special offers where you can earn extra points, such as for buying a specific brand of cheese.
You can turn your points into gift cards from many stores and restaurants. Some options include Amazon, Target, and Starbucks.
You can sign up for Fetch Rewards here.
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With this app, you can scan your grocery receipts (from any grocery store or wholesale club, any time) and earn free gift cards. It is free to sign up and easy to use.
14. Uber Eats
With Uber Eats, you can make money by delivering food.
To get started, you’ll need to create an account and fill out some forms. Once approved, you can begin accepting delivery requests through the Uber app.
Uber Eats drivers can earn around $15 to $26 per hour on average. Your earnings can vary based on factors like your location, how busy it is, and the amount that you earn in tips.
You will want a reliable vehicle and a valid driver’s license, of course, for this side gig.
Recommended reading: 14 Ways To Make Money Driving
15. DoorDash
DoorDash is another way to get paid for delivering food.
DoorDash pays Dashers weekly through direct deposit. If you need money faster, DoorDash offers a Fast Pay option. This lets you cash out your earnings right away for a small fee.
Remember, you’re responsible for your own expenses like gas and car maintenance. It’s a good idea to track these costs to see how much you’re really earning.
16. Taskrabbit
Taskrabbit is an app that lets you make money by doing odd jobs for people in your area. You can pick tasks that fit your skills and schedule.
Some popular jobs on Taskrabbit include cleaning houses, assembling furniture, and running errands (such as shopping for others).
Taskrabbit gives you the flexibility to choose when and how much you work, as well as the type of work that you want to do.
17. Walmart personal shopper
You can get paid to shop as a Walmart personal shopper. This job lets you pick out items for customers who order online.
You’ve probably seen Walmart personal shoppers when you’ve been in Walmart. They work for Walmart and typically have a uniform and a very large basket where they collect items for different orders.
Walmart personal shoppers earn about $15 per hour on average.
Most personal shoppers work full-time or nearly full-time, between 32 to 40 hours a week.
As a personal shopper, you’ll walk around the store and find items customers want. You’ll need to be quick and careful to pick the right products.
Frequently Asked Questions
Getting paid to shop can be a fun way to earn extra money. There are different methods like using apps, shopping for others, and being a mystery shopper. Here are answers to common questions about how to get paid to shop.
How to get paid to go shopping?
You can get paid to shop by using cash back apps, becoming a personal shopper, or doing mystery shopping. Cash back apps give you money back on purchases. Personal shoppers buy things for busy people. Mystery shoppers check stores and fill out shopping assignments on their customer experience.
What are the top apps that pay you for shopping?
Some popular apps that pay you for shopping are:
Rakuten: Gives cash back on online purchases
Ibotta: Pays rebates on groceries and other items
Shopkick: Rewards you for scanning items in stores
Fetch Rewards: Gives points for uploading grocery receipts
These apps are free to use and can help you save money on things you already buy.
How can I earn cash by doing grocery shopping for others?
You can earn cash by grocery shopping for others through apps like Instacart or Shipt. Sign up as a shopper, get orders from customers, and deliver their groceries. You’ll get paid for each order you complete.
How much money do people usually make by delivering groceries?
The amount of money you can make by delivering groceries varies. Most shoppers make between $10 and $25 per hour, and your pay depends on factors like the number of orders you complete, the size of the orders, tips from customers, and time of day and demand.
Is being a secret shopper a good side hustle?
Secret shopping can be a good side hustle. It lets you earn money while shopping and dining out, but it’s not a full-time job. I have done a lot of mystery shopping assignments over the years.
What ways to get paid to shop on Amazon are there?
You can get paid to shop on Amazon in a few ways:
Use cash back sites like Rakuten when shopping on Amazon
Join Amazon’s Vine program to review products
Sell items on Amazon as a third-party seller
Sign up for the Amazon Associates Program to earn from product links
These methods can help you save money or earn extra cash while shopping on Amazon.
Best Ways To Get Paid To Shop – Summary
I hope you enjoyed my article on how to get paid to shop.
Getting paid to shop is a fun and easy way to make extra money while doing things you already like. I have been getting paid to shop for over 10 years now, and I have done almost everything on this list. While I’ve not earned a full-time income doing anything on this list, I have earned side income and plenty of free gift cards over the years.
You can use cash back apps or become a personal shopper to earn cash. You can make money buying groceries, clothes, or even taking surveys about your shopping habits.
Mystery shopping is another way to earn money by pretending to be a regular customer and reporting your feedback on your experience. Companies like BestMark and IntelliShop pay for this. Apps like Swagbucks and Fetch Rewards make it easy to earn by scanning receipts or shopping online.
Whether you want a side hustle or just want to save money, getting paid to shop is a fun way to make more money.
(Update 8/24/24: There’s now a $95; only private banking clients get the annual fee waived.)
HSBC offers their Premier World card for Premier relationship members with no annual fee and a $350 signup bonus. (This is a different card than the Premier World Elite card which has a $395 annual fee.)
Contents
Card Details
Direct Link to HSBC Premier Card
Card comes with 35,000 points signup bonus when spending $3,000 within the first 3 months. These points are worth either $350 as cash or $400 (possibly a little more) toward air travel. Points can also be transferred 1:1 to British Airways, Iberia, Aer Lingus, Emirates, Singapore, Turkish, Wyndham, Accor and others. Points can also be used through their travel portal (goes through Priceline) at a value of 1.25cpp.
$0 annual fee for Premier clients (card is only available for signup to Premier clients)
No foreign transaction fees
2x points on travel; 1x on everything else
Enjoy complimentary unlimited premium Wi-Fi at over a million secure hotspots worldwide with Boingo. Get simultaneous access for up to four devices.
Experience expedited airport screening with TSA Precheck. Receive a statement credit of $85 every five years as reimbursement for the application fee.
Standard Mastercard benefits.
Our Verdict
Some people will find the $350/$400 signup bonus worthwhile given the no annual fee; some might also like the points transfer value even more. This could work well for those who signed up for the HSBC checking bonus and are already Premier members.
You might think that if you close a loan or credit card account it will no longer affect your credit report, but they can actually stay on your credit report for up to 10 years. During this time period, these accounts can help or hurt your credit score, depending on a number of factors.
Here’s what you should know about closing loan and credit card accounts from your credit report.
Key Points
• Closed credit accounts can stay on your credit report for up to 10 years, impacting your score.
• On-time payments on closed accounts positively affect your credit history.
• Late payments on closed accounts can negatively impact your credit history for seven to 10 years.
• Closing accounts can affect your credit utilization rate and credit mix, influencing your credit score.
• Removing closed accounts with poor payment history or fraudulent activity can build your credit profile.
How Closed Accounts Affect Your Credit
Closed credit accounts and loans can have varying effects on your credit, some positive and some negative, due to the factors that make up your credit rating. Here’s a closer look at three of those that are significant in this situation: your credit history, your credit utilization rate, and your credit mix.
Your Credit History
A closed account on which you made on-time payments will help your credit score by building your credit history. The effect will be less than if it were an open account, but it would be a positive factor nonetheless, since it shows that you can manage credit responsibly. However, if you made late payments on an account that is now closed, the negative impact may linger in your credit history for seven years and up to 10 years if you file for bankruptcy.
Longevity is a factor on your credit report. Credit scoring systems reward borrowers with a longer history of managing debt and repayment. That means that if you close an account and seven years pass, you’ll lose any benefit of having had that account. It won’t make a significant change, but it is another factor to be aware of.
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Your Credit Utilization Rate
Part of your credit rating is based on how much debt or credit you already have. Creditors look at your credit utilization ratio, which is how much credit you have available to you versus how much you actually use. The best case scenario is to not use more than 10% of your accessible credit; otherwise, no more than 30% is a good move.
Two examples:
• Say you have a $10,000 credit limit on your credit card, you might want to limit your balance to $1,000. That’s 10%.
• Otherwise, keeping your balance to no more than $3,000 would be 30%, the upper end of what’s considered a good credit utilization ratio.
If you close a loan or a credit card account, that might reduce the amount of credit available to you, which will increase your utilization rate. If you open a credit card or take out a loan, that will increase the amount of credit available to you, thereby decreasing your utilization rate.
Your Credit Mix
Credit scoring systems, such as the FICO® Score and VantageScore® look at the types of loans you have and how you manage them. These systems reward a mix of loan types, such as installment loans (auto loans and mortgages), and revolving accounts such as credit cards. Eliminating a credit card account or other type of loan (such as when it is closed and eventually drops off your report) could limit your credit mix, and that could negatively impact your credit score. Worth noting though: Credit mix counts for 10% of your score vs. 35% for your payment history (meaning, how successfully you make payments on time).
Why Do Closed Accounts Stay on Your Credit Report?
Both closed and open accounts can contribute to your credit rating as they stay on your credit report. That’s because the credit agencies can gain a fuller picture of your risk as a borrower the more information they have.
Monitoring and understanding your credit report (perhaps with a credit score monitoring app; your bank may offer this) is an important part of your financial wellness.
When to Remove a Closed Account from Your Credit Report
If possible, remove a closed account from your credit report if it has a poor payment history. Also, remove any accounts that are found to be fraudulent. If an account shows that you made regular, on-time payments, don’t remove it because it will be helping your score.
Recommended: Average Salary by State
How to Remove a Closed Account from Your Credit Report
A few factors affect your credit score; one of which is your credit history. As noted above, your credit history shows the loans and credit cards you have obtained in the past seven to 10 years, along with your repayment patterns. Even closed accounts are part of that narrative for the stated period of time.
That said, there may be a way to remove a closed account from your credit report, which you might want to do if it is having a negative effect. Here are some options.
1. File a Dispute if There Is an Error on Your Credit Report
It might be that you notice a fraudulent account when you check your credit report. If that is the case, you can remove the record by submitting a dispute in writing with each of the three credit bureaus (Equifax®, Experian®, and TransUnion®). You must include supporting documents. The bureaus will investigate your complaint and update your credit score if there is fraudulent data.
2. Contact the Creditor and Pursue a Goodwill Deletion
Another way to remove a closed account from your credit report is to directly contact the creditor that’s involved and ask them to remove the account from your credit report. (This is sometimes known as a goodwill letter or goodwill request.) The creditor will have to contact the credit bureau(s) directly to do so. You will be more successful if you have a positive credit history and relationship with the creditor.
3. Wait It Out
In time, a closed account will no longer be reflected on your credit report, but it might take seven to 10 years. The good news is that the accounts that stay the longest are usually ones that you closed in good standing, and these will positively influence your credit score.
Recommended: Why Did My Credit Score Drop After a Dispute?
What Does “Account Closed” Mean on a Credit Report?
“Account closed” on your credit report indicates an account that is no longer active. There can be several reasons for an account being closed.
• Perhaps it was an installment loan that you paid off.
• You might have opened a credit card account and then decided to close it (maybe you weren’t using it much).
• The creditor closed it, which could be positive (you paid off a loan) or negative (you weren’t paying your bills in a timely manner).
These are typical scenarios that lead to seeing “account closed” on your credit report.
How Long Will a Paid-off Account Take to Show up on Your Report?
Lenders usually update the credit report agencies with closed account information at the end of a billing cycle. Thus, it could take one or two months before a paid-off account is reflected on your credit report.
How Long Does a Closed Account Stay on My Credit Report?
As noted above, how long closed accounts stay on your credit report can vary.
• Accounts closed in good standing (paid on time and in full) can remain on your credit report for up to 10 years.
• Accounts closed due to nonpayment (these include collection accounts, some bankruptcies, and debt settlement) remain on your credit reports for seven years from the first missed payment or from being turned over to collections. The exception is Chapter 7 bankruptcy, which usually stays on your credit report for 10 years.
Practice Good Credit Habits Going Forward
Here’s advice that can help you manage existing credit card and loan accounts well.
• First, it’s always wise to take control of your budget. Whether you do that with the 50/30/20 budget rule or a financial tracking app, keeping on top of your income, your spending, and your saving can be a money-smart move.
• Check your credit score regularly to make sure there is no fraudulent activity. You might aim for an annual review.
• Extend your credit history as much as you can with accounts that are and have been in good standing. This means it’s probably in your best interest to occasionally use a credit card account and keep it in good shape vs. closing it because you don’t use it often. This can reduce your available credit and possibly lower your debt utilization ratio.
One good idea can be to use a credit card for predictable expenses, such as streaming services, and set up automatic payments. That way, you will be paying a set amount each month and building a positive credit history.
These moves can help you keep your financial profile in good shape.
The Takeaway
Closed credit accounts will stay with you for a long time, seven to 10 years usually. Keep accounts that you have owned for a long time open and in good standing whenever possible. If you have fraudulent accounts on your credit history or ones that were not managed well, you might take steps to have them removed and possibly build your credit profile. Keeping tabs on your credit score and your budget can be easy with the right tools, like those SoFi offers.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
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FAQ
Can I get closed accounts removed from my credit report?
You can remove a closed account from your credit report if you suspect it is fraudulent by filing a dispute with the three credit bureaus. You can also contact a creditor directly and ask them to remove a closed account. However, they are under no obligation to comply with this kind of request for a “goodwill” deletion. Alternatively, you can wait for seven to 10 years, after which closed accounts will fall off your credit history.
What is the 609 loophole?
The 609 loophole is a tactic that some people think will remove bad debt history from their credit reports. A section of the Fair Credit Reporting Act states that you can write a letter to gain documentation on what you may believe is an incorrect entry in your credit history. The 609 letter theory is that if a credit bureau cannot produce a piece of information, such as the original signed copy of your credit application, they have to remove the disputed item because it’s unverifiable. However, these steps are not the same as a dispute. Also, if you have legitimate debt, even without this documentation, the debt may remain. In other words, this process is unlikely to provide a shortcut to building your credit.
How long before a debt is uncollectible?
At which point a debt can no longer be collectible varies based on the type of debt and the state you live in. It is often between three and six years, but it could be as long as 20 years. After the statute of limitations that applies, a debt collector can no longer sue you for repayment, though some might still try to collect.
Photo Credit: iStock/dusanpetkovic SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
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Fall in Portland, Maine is a spectacular experience, filled with vibrant colors and a host of activities. September to October is the best time of year to enjoy the magic of fall in Portland, from the scenic coastal views to fun downtown festivities. Stroll through the charming streets of the Old Port, where you can explore local shops and enjoy seasonal treats at cozy cafes. Don’t miss the chance to visit nearby orchards for apple picking or take in breathtaking views on a scenic drive. With local festivals celebrating food, art, and community, there’s fall things to do in Portland, ME for everyone to enjoy.
Whether you’re searching for a house to rent in Portland, ME, an apartment to call home, or ready to purchase your first home in the city, , this city has so much to offer. Let’s explore 15 fall things to do in Portland, ME, where pops of color and cozy vibes create the perfect backdrop for autumn and give you a taste of why Portland is a good place to live.
1. Pop some tags at the local thrift shops
The community around thrift and vintage shopping in Portland is eclectic and supportive, hosting regular events like swap meets and pop-up markets. Whether you’re hunting for a vintage vinyl record, mid-century furniture, or stand-out fashion statements, you’ll be sure to find something unique at one of Portland’s thrift stores.
“One of my favorite things about Portland is the amount of thrift and vintage shops we have,” shares local photographer Shado of Shado of a Rose Photography. “All within a 10-minute walk you could get incredible vinyl at Moody Lords, find that new sweater you need for fall at Material Objects, or pick up a retro video game/movie poster from Electric Buddhas.”
And, if you’ve worked up an appetite while thrifting, Shado has you covered. ”If you’re in the mood for some food just pop over to Exchange street a few blocks away. Whether you’re getting incredible chicken from Crispy Gai, eating $1 oysters on a Wednesday night at Blyth and Burrows, or having dessert at Gorgeous Gelato, you really can’t go wrong when going out in the Old Port.”
2. Admire the fall foliage in Portland
Whether you’re walking, biking, or simply taking a drive, enjoying the fall foliage in and around Portland is a perfect way to experience the changing of the seasons. The contrast of the colorful foliage with the historic architecture and coastal scenery creates a picturesque setting that feels like a scene from a postcard.
Fall colors around town
“This small East Coast city, with its cozy New England town feel, offers a little bit of something for those wanting to feel at home or someone seeking a temporary home base to do some leaf-peeping in Maine during the fall season,” describes local Portland author Marpheen Chann.
One of the best ways to experience the fall foliage in Portland is by exploring the many parks and waterfront areas. “A walk or bike ride on smooth trails can take you around Back Cove, where you can get a quality photo of Downtown Portland from across the water at Payson Park. Continue your day at Portland’s Eastern Promenade, the perfect place for a picnic with scenic views of Casco Bay and its islands,” Chann shares.
Catch a train
You can also relax into a scenic tour of the fall foliage by hopping on the Maine Narrow Gauge. “From your comfortable seat on the historic train, take in the dazzling colors of autumn, set against the backdrop of Casco Bay. You’ll hear all about Portland’s history and learn about local landmarks from onboard narration,” describes Matt Levy, general manager of the Maine Narrow Gauge Railroad. You can also get special Pumpkin Train tickets for the last two weeks of October, and continue the fun into the holiday season with a Polar Express themed train ride.
Finish the day
Hungry after a day of exploring fall in Portland? “Experience some of Portland’s iconic and diverse restaurants without the summer crowds with Cambodian-Chinese eats at Oun Lidos on Market Street,” recommends Chann. “If you’re looking for a good spot for a drink or a casual date, pickup where you left off with a friend or a book at Novel on Congress Street or snag some downtown views high up at the Top of the East on High Street.”
Whether you’re walking around town or getting into the countryside, experiencing the fall colors in Portland is an autumn must-do – finished off with great food, of course.
3. Wander the picturesque streets of Portland
“Portland in the Fall is magical,” gushes Adria Moynihan Rusk, a painter at Still Life Studio in Portland. “You’ll skip the rush of summer tourists while being here at the most picturesque time of year. Check out the Old Port and Bayside neighborhoods to find a unique selection of local shops and breweries.”
Old Port
Portland’s neighborhoods offer a mix of maritime heritage and urban appeal, inviting you to spend your autumn days wandering their streets. “Fall is a perfect time to explore Portland,” agrees Sierra Bisson, author of the travel blog The Ocean Drifter. “Walk around the cobblestone streets of the Old Port, where you’ll find great shopping and amazing restaurants.”
Charming lanes and narrow alleys wind through the Old Port, where brick buildings house eclectic shops, art galleries, and cozy restaurants. “When you’re in the area, make sure to stop by must-try spots like Duckfat and Taco Escobarr,” Bisson continues. “If you’re in the mood for some nightlife, swing by Bonfire for a fun evening with a great atmosphere and drinks.”
The Waterfront
If you’re looking for places to stop by on your stroll, Rusk is full of suggestions. “Grab a latte at Bard Coffee and walk down Commercial Street to people-watch along the waterfront,” she shares. “Take the fairy out to Peak’s Island and back, and then head to Washington Avenue for a hot bowl of Pho Ga at Cong Tu Bot. Don’t forget to try the potato donuts at the Holy Donut.”
To finish off your day of exploring Portland in the fall, Rusk recommends, “Find a park bench on the East End promenade and watch the boat traffic skip across Casco Bay. It’s hard to do it wrong, so make an adventure of it.”
4. Warm your insides with local beer tasting
Portland, ME’s craft beer scene is renowned for its creativity, quality, and variety, making it one of the top destinations for beer lovers in the country. The city boasts a high concentration of breweries, from long standing favorites like Allagash Brewing Company to newer, experimental breweries like Bissell Brothers. Many breweries are located in Portland’s industrial areas and waterfront, offering taprooms where guests can sample a range of styles, from hoppy IPAs and smooth stouts to crisp lagers and sour ales.
“You absolutely have to check out at least one of the local breweries – Portland is known for its craft beer scene,” confirms Bisson of The Ocean Drifter blog.
Must-visit breweries
“Fall in Portland isn’t complete without attending Oktoberfest at one, or more, of the city’s great breweries,” seconds local tech expert and beverage connoisseur Dan DeSimone. “I especially like Belleflower, which is walking distance from a number of other breweries like Austin Street and Rising Tide. Tandem Coffee is right down the street too if you’re in the mood for a latte break (pumpkin spice optional) between beers.”
The East Bayside is another area that is renowned for its breweries, with local chocolate shop Dean’s Sweets offering the perfect neighborhood map to plan out your day of beverage sampling. “The East Bayside is one of the fastest-changing neighborhoods in Portland, ME,” reveals Kristin from Dean’s Sweets. “There are spirit makers, food trucks, hard seltzer, and cider right alongside the many breweries and wineries. And of course, chocolate at Dean’s Sweets, for those who want a gift for others or a nibble for yourself,” she laughs.
Join a beer tour for a unique beer-tasting experience
For a fun way to spend fall in Portland and sample the craft beer scene, consider a beer tour. “Join the Maine Brews Cruise for a cozy, festive journey through Maine’s craft alcohol scene amidst the backdrop of stunning fall foliage,” shares the Maine Brews Cruise team.
With options of a guided walk through the streets of Portland or having your own designated driver on a tour bus, the Maine Brews Cruise is perfect for those who enjoy a snug atmosphere while exploring local breweries, distilleries, and wineries. “With expert guides and a warm setting, you can learn, taste, and toast to the season – flannel attire recommended for the full autumn experience,” says the team.
You can also embrace Portland’s coastal vibe with a beer and boat tour through SeaPortland. “For those eager to experience Portland’s crisp fall beauty and rich history, SeaPortland provides exclusive tours that combine sightseeing with local brew tastings,” describes the crew. “You can explore historic Fort Scammel or enjoy a Harbor Cruise, where the vibrant fall colors enhance the flavor of each locally brewed beer. These 90-minute tours promise a blend of good vibes and spectacular sights, ideal for anyone looking to savor the season.”
However you prefer to indulge in the local craft beer scene, the city’s community-focused beer culture is a great fall thing to do in Portland.
5. Get outside into Portland’s local landscape
Portland is a mix of coastal beauty and historic urban charm. Located on a peninsula overlooking Casco Bay, the city’s waterfront features working harbors, marinas, and scenic parks like the Eastern Promenade. In the fall, the vibrant foliage adds to the town’s allure, making outdoor exploration a must.
See the scenery
“Visiting Portland in the fall is many people’s highlight of the year,” states Nick Robinson of Portland Schooner Co. “For a nature experience in town, try the walking trails at the Evergreen Cemetery where you can catch migrating birds in the trees, turtles and other amphibians in the ponds, and an array of tree species lighting up the landscape with their vibrant colors.”
You can also get a new perspective of Portland’s scenery via a historic wooden schooner, sailing your way around Casco Bay on the Maine-built boat through the Portland Schooner Co. “Don’t forget your hat, sunglasses, and cozy layers,” reminds Robinson.
Enjoy your dining outdoors
“Autumn in Portland is my favorite time of year,” confesses Chelsea K Ray, a wardrobe consultant and blogger based in the city. “Breakfast right on Casco Bay at the Porthole is a must. Walk off your lobster Benedict with a stroll along the East End Trail, and don’t forget to dip your toes in the ocean at East End Beach.”
Ray recommends doing some shopping at Mexicali Blues and Ports of Call on Commercial Street before enjoying fresh seafood at DiMillos, a floating restaurant that features beautiful waterfront views. “Wrap your day up with a cocktail at the Commercial Street Pub,” encourages Kay, noting that the pub is a true local’s spot where you can share your day’s adventures with other patrons.
6. Celebrate the season with Harvest on the Harbor
Since its inception in 2007, Harvest on the Harbor has celebrated Portland’s outstanding culinary scene, showcasing the talents of local chefs, brewers, distillers, and food artisans. “This is the 16th year for Harvest on the Harbor, which draws attendees from around the world to savor the deliciousness of Maine,” shares the Harvest on the Harbor team.
Portland has earned the reputation as “The Foodiest Small Town in America,” and the festival nods to this title by highlighting Maine’s rich food and beverage culture.
“Harvest on the Harbor is a celebration of Maine-made spirits, Maine lobster, Maine oysters and Maine seafood,” confirms the team. “With four events in three days there is something for everyone, including the Maine OysterFest, From The Sea and the Maine Cocktail Classic.”
Held the last weekend of October, Harvest on the Harbor offers a fun fall outing and a tasty celebration of Maine’s local flavors and traditions.
7. Indulge in Portland’s fall flavors and festivities
Portland celebrates fall with festivals, outdoor markets, food, and events like the Portland Farmers’ Market, which overflows with fresh produce, baked goods, and seasonal flowers.
Local eats and treats
“Portland is simply vibrant in autumn,” affirms Jamie, author of the blog Travel Addict. “Whether you are tasting local beers at the Portland Beer Hub, hiking on Peaks Island, or tasting the freshest of seafood along the waterfront, it’s the perfect fall destination with something for everyone. The cuisine is top notch – with incredibly fresh seafood at Scales and exquisite flavors at Duck Fat.”
Seasonal favorites like cider donuts, craft pumpkin ales, and hearty farm-to-table dishes become staples at eateries across the city, making a food tour a perfect fall thing to do in Portland.
“Maine Day Ventures keeps you moving and learning while you eat and shop,” suggests Kristin of Dean’s Sweets. “The guide gives an insider’s behind-the-scenes taste of the most popular spots in the city. The tour includes generous portions of some Maine specialties, including lobster, blueberries, craft beer, and the always-loved Maine potato, along with some up-and-coming foodie trends.”
Fall activities
Other fun fall activities come recommended from the Harvest on the Harbor team, including visiting corn mazes, hiking, trying award-winning restaurants, shopping and gallery hopping.
“Every Friday, the City of Portland hosts a First Friday Art Walk with gallery openings,” says Harvest on the Harbor. “Performing arts opportunities include the Portland Symphony Orchestra, celebrating its 100th season with performances at a few area breweries and a pay-what-you-can Chamber Series.”
8. See the city by sea
Experience Portland by sea for stunning views of Casco Bay, its islands, and iconic lighthouses like Portland Head Light. Fall tours provide a quieter, more intimate experience, with crisp air and warm autumn sunlight reflecting off the water.
“If you’re looking to enjoy Maine’s autumn spectacle, Casco Bay Custom Charters offers cozy flannel-wrapped adventures aboard vintage vessels,” shares Dyland Suhr from Maine Tour Company. “Enjoy breathtaking views of the colorful coastline with a bottomless mimosa brunch or a sunset dinner prepared by a private chef. This is the perfect opportunity for private groups to make unforgettable leaf-peeping memories on the water.”
Charter a boat for an intimate and private experience, or take the ferry across the bay to Peaks Island for a day of strolling amongst the neighborhood’s fall colors.
“Catch the ferry at Casco Bay Lines,” recommends Kristin from Dean’s Sweets. “The 30-minute trip across the bay is fun all on its own. Get some sun and enjoy the sparkling water and cool air along the way. If you’re lucky, you may see a bald eagle or a harbor seal.”
9. Take a day for everyone to play
“A trip with loved ones to Portland wouldn’t be complete without a visit to the Children’s Museum & Theatre of Maine, the state’s most visited museum and top destination for play located at Thompson’s Point,” says Shultzie Fay Willows, a representative for the museum.
Kids can explore hands-on exhibits like water and air activities, an outdoor playground, and an indoor climbing structure. They can also enjoy cultural displays, aquarium tours, performances at the country’s oldest children’s theater, and creative activities in MakerSpace – all included.
To round out the fall weekend in Portland, Willows is full of all-ages recommendations. “Afterward, paint some pottery next door at Color Me Mine or explore the fascinating International Cryptozoology Museum,” she shares. “For lunch, stop by Bissell Brothers, savor a grilled cheese at Sacred Profane, or enjoy hot dogs and pierogi at Leisure Time. There is something for everyone to do, try, and explore.”
10. Journey to the countryside for a true fall farm experience
A 40-minute drive from Portland, Bowdoinham comes alive in autumn with apple picking, pumpkin patches, and hot cider. This rural town along the Kennebec River is known for its vibrant farming community and fall harvest season.
If you’re looking for beautiful colors, Stonecipher Farm is an organic farm brimming with bright veggies in the autumn months. “The ‘no-till’ approach to vegetable production means a highly organized field system, resulting in an outstanding aesthetic,” claims Ian Jerolmack from the farm. “Folks have said it looks like the king’s garden.”
When you’re done exploring the farm, head back into town and sample from many other local farms at various Bowdoinham fall festivals, where vendors line up with their fresh offerings and handmade crafts.
11. Bring Fido along for the adventure
Portland is known for being an exceptionally dog-friendly city, welcoming four-legged companions in many public spaces and businesses. Numerous restaurants and breweries have outdoor patios where dogs are welcomed with water bowls and treats. The city’s pet-friendly vibe extends to shops, where many local businesses allow well-behaved dogs.
“There are many restaurants and locations that are dog-friendly throughout the city, just make sure to check their pet policy and local leash laws to ensure you and your dog have a great and safe time enjoying Maine’s fall together,” advises Portland pet photographer Gina Soule.
“Enjoying Portland in the fall alongside your four-legged best friend gives you a taste of the very best of Maine,” Soule continues. “From having your dog join you for a stroll along the Eastern Prom, exploring Higgins beach together, to enjoying an adult beverage around a fire on the patio at Maine Craft Distilling, you can’t go wrong with any of the numerous dog-friendly locations Portland has to offer.”
12. Cozy up with a good book
Fall and books are the perfect pair, whether you’re curling up in a chair by a roaring fire or sipping on tea at a local cafe with a book in hand. “Portland has a rich and robust bookish culture, with tons of amazing bookshops throughout the city,” adds Ash Holland, local owner to The Lucky Fox Bookshop.
Local favorites include Sherman’s, which opened in 1896, residing as Maine’s oldest bookstore. Another is Longfellow’s, a classic book shop with the perk of having the occasional feline guest wandering the store, available to adopt if it happens to choose you.
But if you’re after a fun and unique bookshop experience, look no further than The Lucky Fox Bookshop. A traveling and online bookstore, The Lucky Fox is an independently-run business that hosts pop-up shops at hot spots around Portland, and centers their collection around LGBTQ themes, fantasy, and works from marginalized authors. “Check out the event page to see where we’ll be setting up shop this fall and winter; or, explore the online shop to snag your next great read,” advises Holland.
As the weather gets cooler, many bookstores also host special events like author signings, book clubs, and seasonal sales, making bookshop hopping a perfect fall activity for a day in Portland.
13. Prepare to be spooked at a haunted house
A visit to a haunted house perfectly captures the fall mood, blending eerie history with spooky entertainment as the days grow shorter and colder.
While there are multiple haunted houses you can explore around Portland, nothing quite beats The Annual Haunting at the Parsonsfield Seminary. Originally built in the 1800s, its 42 rooms transform into an epic spooky mansion for the ultimate Halloween experience. You’ll be led on a tour through the building’s four floors for a suspenseful storytelling show, guaranteed to give you some scares. Tours are offered only the last two weekends of October, and the seminary changes its act every year for a truly unique time.
While the Parsonsfield Seminary is located an hour out of Portland, it’s more than worth the trip. Make a weekend of it by staying nearby with Backcountry Excursions, where owner Cliff Krolick ensures you get the full fall experience cozying up in one of his yurts or cabins nestled within the woods.
14. Travel off the beaten path on an oyster tour of Portland
“If you’re an oyster lover visiting Portland, be sure to check out the Maine Oyster Trail,” recommends Trixie Betz, an oyster expert.
The Maine Oyster Trail, of which Portland is a major hub, offers activities like farm tours, boat tours, raw bars, shuck trucks, and even kayaking adventures, where you can see oyster farming up close and taste the product directly from the source. It’s a great fall activity that combines education, fresh seafood, and Maine’s scenic coastline.
“Fall is the best time to enjoy oysters, and what better place to do that than in Maine,” shares Betz. “Not only will you enjoy delicious Maine oysters and learn about the industry, you’ll earn prizes along the way.”
The Maine Oyster Tour includes an oyster passport you can use to keep track of the places you’ve visited; the more establishments you check into, the more prizes you earn. The farm-to-table approach of the experience gives you the unique opportunity for direct interaction with Maine’s oyster farms, making the Maine Oyster Trail a perfect fall thing to do in Portland.
15. Escape the chill with local nightlife
Portland’s nightlife changes with the seasons, especially in the fall when outdoor patios stay open with heaters and fire pits. Many places also host seasonal events, from Halloween-themed parties to fall harvest festivals that go into the night. Rising Tide Brewing Company and Oxbow Blending & Bottling have both indoor and outdoor spaces, and you can often find live music or food trucks.
For local music and laid-back vibes, check out the Flask Lounge for nightly live music, dancing, and up-and-coming DJs and bands. “Nestled in the heart of Portland, Flask Lounge is your favorite down-to-earth neighborhood bar,” affirms Flask Lounge owner Jessica Nolette. “Known for its unassuming charm and the city’s most affordable drinks, it truly feels like home.”
If dancing isn’t your thing, cozy up inside an intimate cocktail bar instead. The Portland Hunt + Alpine Club will serve you creative drinks in a sleek, Scandinavian-inspired space. For a warm and vintage vibe, Blyth & Burrows features a speakeasy-style experience, with handcrafted cocktails celebrating the maritime history of Portland.
Whether you’re in the mood for craft beers, live music, dancing the night away, or a more elegant evening, exploring the nightlife in Portland fall will leave you feeling warmer than you started.
Discovering fall things to do in Portland, Maine
There’s truly something special about fall in Portland, Maine. From festive farmers’ markets to cozy cafes and autumnal events, there’s something for everyone to enjoy. Whether you’re a lifelong resident or a first-time visitor, there are a plethora of fall things to do in Portland just waiting to be discovered. So bundle up, head out into the brisk air, and immerse yourself in all the fall fun this enchanting New England city has to offer.
A safari is a guided tour, usually in Africa, that can bring you up close to elephants, zebras, giraffes, lions, rhinos and more. Often, these adventures involve taking open-sided safari vehicles into nature and observing and photographing wild animals in their natural habitats. (Other safaris are for hunting; here, we’ll focus on the former.) If you’re planning your first safari, here are some tips.
1. Work with a travel agency that specializes in planning safaris
Even if you’re an avid traveler, safari planning is still best left to the professionals. By using a reputable safari planning travel agency like Yellow Zebra, Abercrombie & Kent or Timbuktu, you can get several benefits:
Guidance on when and where to go based on your wants and needs. Your safari planning expert will likely have relevant information on where to go based on weather, animal migrations and what you’re looking to get out of your safari. (For instance, if you want to see hordes of wildebeest in July, your safari adviser might guide you to a different destination than if you’re looking for rhino encounters.)
On-the-ground experience about accommodations. Some safari planners have visited the properties themselves or have colleagues who have, which helps give you a better idea of what to expect before you book a property.
Help arranging transport during the safari. Even after you have the property you’re staying at sorted out, depending on where you’re going on safari, you may benefit from help arranging transport. For instance, if you’re flying to the northern Serengeti for a safari, you’ll likely fly into Kilimanjaro International Airport, but after that you may need to take a few additional, smaller flights to get closer to your accommodation (and even once you land at the airstrip closer to your accommodation, you’ll likely need a guide to pick you up and take you to your final destination). If you use a travel agency, it can set up all the internal transportation for you — and you’ll be thankful it did.
Advice about side trips to complement your safari. Even if you’re interested only in going on safari, you may want to talk to your safari travel adviser about nearby non-safari destinations to check out. For instance, you can add on some beach time in Zanzibar after your Serengeti safari or if you’re going on safari in South Africa, you could consider a beach trip to Mozambique afterward.
🤓Nerdy Tip
If you have a friend or family member who booked a safari through a travel agency and enjoyed their experience, tell the safari agency that you’ve been referred and it will sometimes offer you a discount on your booking.
2. Buy and bring the right equipment
There might not be many stores near your safari accommodation, so you’ll want to make sure you buy and bring the right equipment with you. Here are some items that you might want to bring on your safari:
Binoculars. Bringing a good pair of binoculars (we recommend either 8x, 10x or 12x magnification) will enhance your travel experience so you can see animals that are farther away, see birds better and get a closer view of your safari experience. Note that some safari accommodations offer complimentary use of binoculars during guests’ stay, so you should check with your accommodations before purchasing binoculars.
Camera. Rather than relying on your smartphone, consider purchasing or renting a camera with a telephoto lens so you can capture animals from far away for the best safari pictures. If you’re new to photography, you may want to take a few photography classes or watch instructional videos so you’re prepared to get the best shots of the animals and landscape during your safari.
Clothes that are appropriate for your safari. In general, you want to wear natural colors that blend in with the environment. Blue and black can attract tsetse flies, and try to stay away from bright colors. Additionally, depending on where you’re going, temperatures can fluctuate from cold in the mornings to hot in the afternoons, so you may want to consider safari pants that can be unzipped at the knee and turned into shorts.
Sunscreen and a wide-brimmed hat. There are days where you might spend 10-plus hours on the road and you want to make sure your skin is protected. Bringing sunscreen with you and wearing a wide-brimmed hat on your journey can help to protect your skin.
Bug spray. To help prevent mosquito and other insect bites, consider bringing bug spray such as DDT. Before deciding which bug spray to pack, check with local regulations to see if any chemicals are banned in the country you’re visiting.
Bringing the right gear can enhance your safari experience.
3. Check to see whether the planes that you’re flying to your safari have weight or other restrictions for luggage
Depending on where you’re going on safari, you may be in small planes that have luggage requirements that you may not have had to follow for other trips. For instance, Coastal Aviation in Tanzania has the following luggage restrictions for light aircraft flights:
Weight allowance of 33 pounds (15 kilograms) per person, including hand luggage.
All luggage must be in soft bags (i.e., duffel bags).
🤓Nerdy Tip
If you’ll be away for a week or more, check with your safari accommodation to see if it offers laundry services, which can help you pack lighter.
4. Embrace the experience, and expect accommodations that may be outside of what you’re used to
While there are some more traditional hotel options you could book on safari — such as Four Seasons Safari Lodge Serengeti and the JW Marriott Masai Mara Lodge — you may find yourself booking a safari where the accommodations are more akin to camping (albeit higher-end camping) than a hotel.
For instance, Wayo Serengeti Green Camp in northern Tanzania is so close to the animals that you can find zebras outside your accommodations, and you can even take walking safaris, but the camp differs from typical hotels in many ways, including:
“Bucket showers” instead of typical showers. (A bucket shower is basically when the staff warms water up upon request and then fills a bucket outside of your tent that connects to the shower in your tent.)
No Wi-Fi or electrical plugs in your room, with Wi-Fi and charging only in the common area.
Set lunch and dinner times with no room service, although many camps will provide you with a bagged breakfast, lunch or dinner upon request.
You may need to be escorted to and from your tent at night to ensure your safety, including using a flashlight to alert the staff when you’re ready to be picked up from your room.
If you’re booking a safari camp instead of a hotel, you should embrace the experience so that you can fully enjoy the tranquility instead of focusing on how the camp differs from the type of hotel experience you might normally book.
5. Look into what shots, medicines and visas you may need for your trip
As soon as you can after booking your trip, you should look into whether you need any special shots, medicines or visas for your safari. For instance, you must have a yellow fever vaccination and certificate to enter Kenya, Uganda and the Republic of Congo. Additionally, Tanzania requires citizens of the United States to get a visa to enter the country (note that you can pay for the visa on arrival).
We recommend booking an appointment with your doctor or going to a travel clinic to discuss shots and medicine and using the U.S. Department of State’s website to learn about the visas you may need.
How to book a safari on points
Safaris can be expensive, and a great way to save money on your safari is to use points. There are a couple of ways that you can book a safari on points:
Book your flights using points. A round-trip ticket from Los Angeles to Kilimanjaro, Tanzania, from June 2 to June 16, 2025, currently costs $1,704 in cash or you could use 139,000 Flying Blue miles and pay $441.10 in fees for the same flights. American Express, Chase, Capital One and Citi all let you transfer points to Air France’s Flying Blue program.
Book your accommodation using points. You can use points to book your safari accommodation either by booking a hotel like the JW Marriott Masai Mara Lodge, which allows Marriott Bonvoy members to pay for the stay with points, or by paying for your lodging with a credit card that lets you use points to offset the total balance owed, like Chase’s Pay Yourself Back program.
Even if you’re only able to offset a portion of your safari using points, it can help reduce the overall cost of what could otherwise be an expensive adventure.
As a result, the ESR Group believes the economy can sustain growth at or near its potential, assuming no major shocks to consumer or business confidence. In addition, recent payroll growth in August and September has contributed to the positive outlook. However, there are still upside risks to mortgage rates, as the 10-year Treasury yield … [Read more…]
Negative working capital is when a company’s current liabilities are greater than its current assets. Current liabilities are those that are due in less than 12 months. Current assets are those that can turn into cash in less than 12 months.
It’s easy to think that companies with negative net working capital would be at financial risk, but that’s not necessarily the case. There are many situations where having occasional and controlled negative working capital can actually work in a business’s favor.
Read on for an in-depth look at what it means to have negative working capital, when it can happen, and whether it’s a good or bad thing for your small business.
Key Points
• Negative working capital occurs when a company’s current liabilities exceed its current assets, indicating potential cash flow challenges.
• Businesses like supermarkets and restaurants often have negative working capital due to fast inventory turnover and delayed payments to suppliers.
• Negative working capital can, however, signal a risk of not meeting short-term obligations, potentially leading to financial strain.
• Some companies use negative working capital strategically to free up cash by delaying payments to suppliers.
• If your small business is struggling with working capital, you can take out a working capital loan or business line of credit to help meet short-term obligations.
What Is Negative Working Capital?
Working capital is the difference between a business’s current assets and current liabilities.
Working Capital = Current Assets – Current Liabilities
A current asset is an asset that can be easily converted to cash within a year. Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, prepaid liabilities, and other liquid assets. A current liability is any debt that is expected to be repaid within a year. Current liabilities include obligations such as accounts payable and amounts due to suppliers, employee wages, and payroll tax withholding.
Ideally, current assets should be greater than current liabilities but for many businesses, that’s not always the case.
Negative working capital is when a company’s current liabilities are greater than its current assets, as stated on the firm’s balance sheet. While that may sound like a risky proposition, some businesses are able to dip into periods of negative working capital without any ill effects.
Negative working capital commonly arises when a business generates cash very quickly because it can sell products to its customers before it has to pay the bills to its vendors for the original goods or raw materials. It then uses that cash to purchase more inventory or expedite growth in other ways. By doing this, the company is effectively using the vendor’s money as an interest-free loan. The firm still has an outstanding liability, however, which means it can end up with negative working capital.
Positive Working Capital
Positive working capital is when a company’s current assets exceed its current liabilities. It’s the opposite of negative working capital and is usually a good position for a company to be in. Positive working capital means your business will be able to fulfill its financial obligations in the coming year and still have cash leftover to deal with any market disruptions (or other challenges) and/or invest in growth.
In order to be approved for a small business loan, businesses usually need to have a positive working capital, since many loans require assets as collateral. If the business is upside down on its debts vs. its assets, it may have trouble getting approved. However, working capital is one of many factors that lenders look at when approving loans.
Is it possible to have too much positive working capital? Yes. If assets are sitting somewhere and not helping the business grow and generate further revenue, then it’s possible they could be better used elsewhere to fuel the company’s next phase of development. To be competitive in today’s market, leveraging growth for healthy, steady business expansion is often essential.
Zero Working Capital
Zero working capital is when a company’s current assets are the same amount as its current liabilities. Having zero working capital can be a good sign, suggesting that the company is managing its resources effectively, maintaining just enough liquidity to cover its short-term obligations without tying up excess capital in non-productive assets.
However, having zero working capital can also signify that the company is operating on thin margins and doesn’t have much room for error. If unexpected expenses arise or if there’s a downturn in sales, the company could face liquidity problems.
Sometimes, a company might intentionally maintain zero working capital for a short period, perhaps to finance a specific project or investment. However, this is typically not a sustainable long-term strategy.
How to Calculate Negative Working Capital
Negative working capital is calculated by subtracting current liabilities from current assets. If liabilities exceed assets, the result is negative working capital. The formula is the same as the formula for working capital, with the end result being negative:
Negative Working Capital = Current Assets – Current Liabilities
Here’s a negative working capital example:
A gaming retailer buys $1.5 million worth of the latest console directly from the manufacturer. It sells every console within the first day, but doesn’t have to pay its bill for the next 45 days. So it uses this influx of cash to buy more consoles and further increase revenues. In this case, negative working capital works because sales are growing. As a result, this retailer should not have trouble meeting its short-term financial obligations as they become due.
Recommended: How to Calculate Cash Flow
How Negative Working Capital Arises
While negative working capital might seem alarming, there are situations where it can be a strategic choice or a temporary condition. Here’s a look at some reasons why a company might have negative working capital.
• Industry norms: Some industries naturally operate with negative working capital due to their business models. For example, retail businesses often collect cash from customers before paying suppliers for inventory. This allows them to operate with negative working capital, using suppliers’ credit to finance their operations.
• Rapid growth: A company experiencing rapid growth might have negative working capital because it’s investing heavily in inventory and receivables to support increased sales. While this can strain short-term liquidity, it’s often seen as a sign of expansion and can be managed if the growth trajectory is sustainable.
• Seasonal variation: Businesses that experience seasonal fluctuations in sales may have negative working capital during slow periods when they build up inventory and receivables in anticipation of higher demand.
• Efficiency goals: In some cases, companies deliberately manage their working capital to optimize efficiency. They may prioritize cash flow by delaying payments to suppliers or accelerating the collection of receivables, even if it results in negative working capital on their balance sheet.
When Is Negative Working Capital Good vs Bad?
As mentioned, negative working capital can either be good or bad. Let’s take a closer look at why.
Good Negative Working Capital
Negative working capital can be a good thing when companies are able to sell their inventory faster than their suppliers expect payment. This cash surplus allows the company to purchase more inventory or spur growth in other ways. In this scenario, the vendor is essentially financing part of the company’s operating and investment expenses — similar to a zero-interest loan.
Negative working capital can also provide a company with greater flexibility and agility to respond to changing market conditions or unexpected expenses, while also allowing it to take advantage of growth opportunities as they arise.
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Bad Negative Working Capital
As soon as a company is unable to pay its operational costs or suppliers on time, negative working capital can shift from good to bad. Even if a company may have utilized negative working capital in the past without issues, a hiccup in sales can hurt operations fast. Negative working capital leaves a company with minimal cushion to absorb the unexpected.
If a business must constantly delay payments to vendors and suppliers, it could strain relationships with those partners. Over time, suppliers may become reluctant to extend credit or offer favorable terms, which could affect a company’s ability to secure necessary goods and services.
Recommended: 15 Types of Business Loans to Consider
Which Industries Typically Have Higher Negative Capital?
Companies with rapid turnover of inventory or services and make their money through cash often have negative working capital. This includes large food stores, retailers, fast food restaurants, service-oriented business, e-commerce companies, and software companies.
Strategies for Dealing With Negative Working Capital
To stay on top of negative working capital, business owners may want to:
1. Fully understand the flow of cash within your company. Using a business balance sheet to track income and expenses can help you pinpoint money issues that could contribute to negative working capital.
2. Keep track of account receivables.
3. Analyze how long it takes to completely sell through inventory batches.
4. Optimize billing cycles to space out expenses to match estimated sales.
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The Takeaway
Negative working capital is a state in which a company’s current liabilities exceed its current assets. Negative net working capital is fine as long as a company is able to pay its operational expenses and suppliers on time. If it is unable to do so, however, its long-term financial health may be in jeopardy.
While negative working capital can offer certain advantages in terms of cash flow management and flexibility, it’s essential for companies to carefully monitor and manage their working capital levels to avoid potential pitfalls and maintain financial stability.
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FAQ
What does negative working capital indicate?
Negative working capital can indicate a business has a high inventory turnover, meaning it’s able to sell off inventory before any amount is owed to the supplier. On the other hand, it can also mean that the business is having difficulty receiving on-time payments from its customers.
Is negative working capital typically a bad thing to have?
Not necessarily. Businesses in retail or fast-moving consumer goods often operate with negative working capital because they receive payment from customers before paying their suppliers. However, negative working capital can also signify liquidity issues, financial distress, or strained supplier relationships if the company is unable to meet its short-term obligations.
Can working capital being too high be a problem?
Yes. High working capital often means that a significant portion of the company’s assets is tied up in short-term assets like cash, accounts receivable, and inventory. If these assets are not being efficiently utilized, it can lead to lower returns on investment and reduced profitability.
Photo credit: iStock/designer491
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