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An IRA recharacterization allows you to make changes to the type of contribution you made to one IRA by transferring it to a second IRA within the same tax year. For example, you might recharacterize traditional IRA contributions as Roth contributions, or vice versa.

This process is different from an IRA conversion, which is not limited to the tax year in which you made a contribution. A conversion typically involves moving funds from a traditional IRA into a Roth IRA, not the reverse. In most cases, you would owe income tax on the amount converted to a Roth.

There are different reasons for the recharacterization of an IRA, and some important IRS rules to know for completing one.

Key Points

•   An IRA recharacterization allows you to change the type of IRA contribution made within the same tax year, such as from traditional to Roth IRA or vice versa.

•   Executing a recharacterization typically involves notifying the IRA custodian, opening a second IRA, if needed, and meeting the tax-filing deadline or extension.

•   Reasons for recharacterization may include avoiding tax penalties for excess contributions, or taking advantage of certain tax benefits.

•   A recharacterization differs from a conversion, which can be done anytime with contributions from multiple years, and typically involves moving funds from a traditional IRA to a Roth IRA.

•   Following the Tax Cuts and Jobs Act passed in 2017, a conversion from a traditional IRA to a Roth IRA cannot be reversed using a recharacterization.

What Is an IRA Recharacterization?

An IRA recharacterization allows you to treat contributions made to one type of IRA as contributions made to a second, different type of IRA. The IRS allows taxpayers to recharacterize contributions to traditional or Roth IRAs only up until the tax-filing deadline each year, assuming you meet relevant income limits and other restrictions for the second IRA account.

For instance, say you deposit money in a Roth IRA, but when it’s time to file taxes you realize that you’ve made contributions in excess of what’s allowed for your tax filing status and income (see details below).

You could execute a recharacterization to have some of that contribution amount treated as traditional IRA contributions for the tax year, and transfer the assets (and any earnings or net losses) to the second IRA.

In that scenario, a recharacterization of Roth IRA contributions could allow you to avoid the 6% excise tax penalty the IRS imposes on excess contributions.

How Do IRA Recharacterizations Work?

IRA recharacterizations work by allowing you to change your IRA contributions for the year from one type of IRA to another. The process is fairly simple; you’ll just need to notify the company, a.k.a. the custodian that holds your IRA, that you’d like to recharacterize your contributions, and open a second IRA for that purpose (unless you have an existing IRA).

You can also transfer the amount you want recharacterized to an IRA at a different institution. This is known as a trustee-to-trustee transfer. In most cases, either one of these methods is preferable to withdrawing the money and redepositing it yourself, which can be tricky and could lead to taxes and/or a penalty if you fail to transfer the money within a 60-day window.

Again, you have until the annual tax-filing deadline to complete an IRA recharacterization. If you filed an extension, then you’ll have until the October extension-filing cutoff. You should receive a Form 1099-R documenting the recharacterization that you’ll need to file with your tax return.

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Reasons for a Recharacterization

Why would you need to recharacterize IRA contributions? There are reasons for doing a recharacterization in either direction (Roth to traditional IRA, or traditional IRA to a Roth). You might consider recharacterization if you:

•   Contributed too much to a Roth IRA for the year and need to shift some of that money to a traditional IRA in order to avoid a tax penalty.

•   Made traditional IRA contributions, but later learned that you can’t deduct them because you’re covered by a retirement plan at work and your income puts you over the threshold to claim a deduction.

•   Contributed to a Roth IRA, but believe you’d benefit more from getting a deduction for traditional IRA contributions.

•   Initially contributed to a traditional IRA, but later decided that you’d prefer to contribute to a Roth IRA to enjoy its tax benefits later in life.

Sample Calculation of IRA Recharacterization

How you calculate an IRA recharacterization can depend on whether you’re recharacterizing some or all of your contributions for the year. To keep things simple, let’s assume that you contributed $5,000 to a Roth IRA at the beginning of the year. The IRA earned $1,000 in investment gains.

You’d now like to recharacterize the entire amount to a traditional IRA. You’d tell your IRA custodian that you’d like to do a full recharacterization. This strategy does not require a separate calculation of investment earnings, because the entire balance of the IRA is being recharacterized.

However, if you only wanted to convert $3,000 of your contributions you’d have to do a separate calculation to figure the amount of earnings that need to be recharacterized.

The IRS offers a formula for doing so, which looks like this:

Net Income = Contributions x (Adjusted closing balance – Adjusted opening balance) / Adjusted opening balance

If you don’t want to do the math by hand, it might be easier to plug the numbers into an IRA recharacterization calculator, or consult with a tax professional.

Pros and Cons of Recharacterizing an IRA

There are pros and cons to using a recharacterization strategy.

Pros

IRA recharacterization offers some flexibility with regard to how your IRA contributions are treated, if your financial circumstances or tax considerations change.

If you start off the year making one type of IRA contribution, you can decide to switch things up at any time before the tax filing deadline. There’s no penalty for changing your mind about what type of IRA contributions you’d like to make, as long as you’re doing so before the filing or extension deadlines.

Recharacterizing an IRA is a simpler process than converting IRA assets, which we’ll discuss shortly. There’s less paperwork involved, and since the transaction can be completed by the custodian without any money being withdrawn from your IRA, a recharacterization can be a more tax-efficient way to adjust your contribution choices.

Cons

That said, there are downsides to a recharacterization. For one thing, you’ll need to be mindful of the tax filing deadlines if you want to recharacterize IRA contributions. If you miss the tax or extension deadline, you won’t be able to recharacterize your contribution amount.

If you recharacterize traditional IRA contributions as Roth IRA contributions, you will owe taxes.

If you recharacterize Roth IRA contributions as traditional IRA contributions, you can only claim the tax deduction a) if you qualify and b) you cannot deduct any earnings on the original contribution, if there were any.

Recharacterization vs. Conversion of an IRA

Recharacterization of an IRA and an IRA conversion are not the same thing. When you recharacterize IRA contributions, you’re changing the type of contributions you made for that specific tax year.

When you convert an IRA, you’re moving money from one type of IRA to another that may include contributions from multiple years. Generally, an IRA conversion refers to moving money from a traditional IRA to a Roth IRA.

If you have a Roth IRA, there would be little benefit to doing a conversion to a traditional IRA since you couldn’t then take the tax deduction. Also, if you first converted a traditional IRA to a Roth, it’s no longer possible to convert it back to a traditional IRA, thanks to changes implemented by the 2017 Tax Cuts and Jobs Act.

Amounts rolled over to a Roth IRA from qualified retirement plans cannot be reversed either.

For example, you might have chosen a traditional option when opening your first IRA but later decided that you’d like to have the tax benefits of a Roth IRA. Converting an IRA to a Roth would allow you to make contributions to a Roth IRA if you’d otherwise be prevented from doing so because your income is too high.

As noted, you’d have to pay taxes on the money you’re converting to a Roth IRA, because the money you deposited in your traditional IRA originally was tax deductible. Roth IRAs are funded with after-tax contributions.

IRA Recharacterization IRA Conversion
How It Works Recharacterization allows you to change the type of IRA contributions you make for the current tax year. Conversion allows you to move amounts in one type of IRA to another, typically a traditional IRA to a Roth IRA.
Rules Recharacterizations must be completed before the annual tax filing deadline. Conversions can be done at any time and may include contributions made over multiple years.
Advantages IRA recharacterization allows some flexibility in deciding what type of IRA contributions you want to make. Converting a traditional IRA to a Roth IRA can allow you to take advantage of tax-free withdrawals in retirement.
Disadvantages You must complete a recharacterization by the tax filing deadline or extension deadline; you cannot recharacterize IRA contributions pertaining to one year in a subsequent year. You will likely owe taxes on converted amounts, which can increase your tax bill.

The Takeaway

Recharacterization of an IRA could make sense if it allows you to gain a tax advantage, or avoid a tax penalty for excess contributions. If you’re unsure whether a recharacterization makes sense, it might be a good idea to talk to a tax professional first.

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FAQ

Are IRA recharacterizations still allowed?

Yes, the IRS still allows IRA recharacterizations. There are some limitations, however, as converted IRAs cannot be recharacterized back, after the fact. You also can’t recharacterize rollovers from a 401(k) or 403(b) to a Roth IRA either.

What is the reason for recharacterizing an IRA?

One of the most common reasons to recharacterize Roth IRA contributions is to avoid a tax penalty for having made excess contributions. It may also be necessary to recharacterize Roth contributions in order to be able to claim a tax deduction for traditional IRA contributions.

Meanwhile, one reason to recharacterize traditional IRA contributions might be that you don’t qualify for the full (or any) tax deduction, and therefore a Roth might look appealing from a tax standpoint.

What is the difference between an IRA conversion and recharacterization?

Converting an IRA means moving assets from one type of IRA to another, typically involving amounts you’ve contributed over several years. Recharacterization of IRA contributions is more limited, and it means you’ve changed your mind about the type of contributions you want to make for the current tax year. A recharacterization of IRA contributions can only be done only for the tax year the contributions were made; an IRA conversion can be done at any time.

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SoFi Invest encompasses two distinct companies, with various products and services offered to investors as described below:
Individual customer accounts may be subject to the terms applicable to one or more of these platforms.

1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.

2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC(www.sipc.org). Clearing and custody of all securities are provided by APEX Clearing Corporation.

For additional disclosures related to the SoFi Invest platforms described above please visit SoFi.com/legal.

Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Disclaimer: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.

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Source: sofi.com

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As summer’s warmth gives way to the crisp embrace of autumn, Coeur d’Alene, ID transforms into a vibrant tapestry of colors, inviting locals and visitors alike to revel in the season’s splendor. Seated between stunning mountains and the shimmering shores of Lake Coeur d’Alene, this charming town offers extensive things to do in Coeur d’Alene that celebrate both nature and community.

Whether you’re thinking about renting a house or an apartment in Coeur d’Alene, ID, contemplating buying a home, or just starting to envision your life in this beautiful area, we’ll provide a glimpse of what this town has to offer during the fall season.

Photo courtesy of Marka Media

1. Have fun at a brews cruise

Start off your Coeur d’Alene bucket list with a brews cruise to have an unforgettable experience that combines an exciting meander around town with the thrill of local craft beers. As you take a ride through downtown, you can sample a variety of brews from nearby breweries, all while soaking in the breathtaking scenery of the surrounding mountains.

Meredith Bennett, blogger at Idaho Wanderer, shares, “I highly recommend booking a tour with Coeur d’Alene Brews Cruise for the perfect weekend outing to unwind, explore, and raise a glass to beautiful Coeur d’Alene, warmly known by locals as CDA.”

Bennett continues, “The guides take you behind the scenes to see the brewing and distilling magic first-hand, all while enjoying delicious tastings. It’s the perfect way to take in the local breweries.”

Whether you’re a beer enthusiast or simply seeking a fun outing, the brews cruise is sure to impress. Plus, the new knowledge you’ll have about the process makes every sip even more enjoyable.

2. Find your annual pumpkin at Grandpa Woody’s Pumpkin Patch

At Grandpa Woody’s Pumpkin Patch, fall feels like stepping back in time to a simpler era. The small family-owned farm is filled with old-fashioned charm, offering visitors a warm and welcoming experience, just like visiting grandma and grandpa’s house. 

Enjoy roasting marshmallows over a fire with warm apple cider and visiting the friendly sheep and goats after choosing your pumpkin of the year. Don’t forget to indulge in delicious homemade Greek pastries, while perusing their gift shop that supports the farm animals. If you’re looking for fall things to do in Coeur d’Alene, this farm is a must-visit.

3. Cozy up in Coeur d’Alene Coffee Co.

Coeur d’Alene Coffee Co. is the ideal fall destination for a cup of pumpkin delight. The crisp air carries the aroma of freshly brewed coffee as vibrant autumn leaves paint the landscape outside. Inside, the warm fireplace invites you to sip on a Cider Cloud Brew or a Pumpkin Patch, a tasty chai sweetened with homemade pumpkin sauce. 

It’s the perfect spot to unwind with a good book or catch up with loved ones amid the beauty of fall in downtown CDA.

Photo courtesy of Coeur d’Alene Coffee Co.

4. Sip the season in

Wine tasting is a delightful journey for the senses, where you can explore a variety of flavors and aromas. Bring the wine to your Idaho home with a tasting class hosted by Sharon Irvine, a certified American Wine Expert and owner of North Idaho Wine Maven. 

With options ranging from wine and cheese pairings to exclusive wine dinners with a private chef, there’s no shortage of exciting choices. For both beginners and seasoned enthusiasts, this hands-on experience is guaranteed to enhance your palate and provide an enjoyable fall night in.

5. Stop by the local farmers market

“Fall in Coeur d’Alene is a beautiful time of year, as the long summer days retreat and the days get shorter, we distract ourselves from thinking about the long winter ahead with the Oktoberfest celebrations at restaurants, pubs, and breweries downtown,” adorns Krista Spencer-French at Stylus Wine and Vinyl Bar.

The certified sommelier proceeds to share, “Our local farmers markets have gorgeous produce and baked goods that are perfect for fall meals and celebrations. They also sell beautiful artisanal crafts that are ideal for holiday gift shopping. With the beautiful fall foliage and the lake as a backdrop, CDA is the place to visit in the fall.” 

You don’t need a pros and cons list to know that farmers markets are all the rave in these small Idaho towns. Strolling through the vibrant stands, you can find everything from fresh fruits and vegetables to handmade crafts and gourmet treats. The friendly vendors are always eager to share their stories and tips, making it a great opportunity to connect with the community.

6. Ride coasters at Scarywood Theme Park

North Idaho photographer Stephanie Florence at Lens & Light Photography, suggests, “For fans of Halloween and theme parks, Scarywood Theme Park is definitely worth the trip. I love the Timber Terror coaster which you can ride backward in the dark.”

Visiting Scarywood Theme Park during the fall is one of the most exhilarating things to do in Coeur d’Alene. Filled with thrilling rides and spooky attractions, Silverwood Theme Park transforms for Halloween to give guests bone-chilling haunts, hair-raising scare zones, and rides that come alive with eerie twists—it’s the perfect way to get you into that spooky season spirit.

“This year, Scarywood Haunted Nights features ten scare zones and five haunted attractions to keep your blood pumping this Halloween season,” states Tyler Proffet, co-owner of The Scare Factor, an online directory of America’s best haunted houses.

Whether you’re a horror enthusiast or just looking for some spooky fun, Scarywood delivers unforgettable excitement for all. Face your fears and make memories that will haunt you until next season.

7. Bask in the fall foliage

Known as one of the best places to live in Idaho, Coeur d’Alene is a breathtaking spectacle in the fall, with vibrant hues of red, orange, and yellow painting the landscape. “One of the best fall things to do in Coeur d’Alene is hiking Tubbs Hill and seeing the beautiful changing foliage,” recommends Nicola Manning, marketing manager at Barrel 33 Sandpoint.

The fall leaves transform the region into a stunning tapestry of colors, drawing nature lovers and photographers from near and far. As the days grow shorter, the golden light of autumn enhances the landscape, creating picture-perfect moments that capture the essence of this enchanting season.

Photo courtesy of Marka Media

“You can’t beat the fall season when planning a trip to visit CDA,” shares Jennifer Bailey, events coordinator and social media content creator at Blackwell Boutique Hotel. To fully appreciate and take in the season, Jennifer suggests taking a nice easy walk, hike, or bike ride along Centennial Trail to Higgins Point, a breathtaking natural area with a beautiful view of the shores of Lake Coeur d’Alene.

8. Bike the terrain

Biking during the fall is one of the top things to do in Coeur d’Alene, as the crisp air and bright leaves create an autumnal backdrop. The trails wind through stunning landscapes, with leaves crunching under your tires and the brilliant colors of autumn surrounding you.

Darrell Dlouhy, co-owner of Daft Badger Brewing, Coeur d’Alene’s first brewpub, shares, “One of the top biking trails in the nation, Trail of the Coeur d’Alenes, is a 73-mile bike trail that follows the Coeur d’Alene River which feeds our picturesque lake.”

The breathtaking views are just one of the many perks of biking, as you also have the chance to encounter diverse wildlife along the trails. Dlouhy continues, “More often than not, you might encounter a moose on the trail or in the wetland nearby. On a recent ride, I saw six moose in a 10-mile stretch.” 

9. Take a journey off the beaten path

“One of my favorite fall things to do in Coeur d’Alene is to make a trip to Green Bluff, a cooperative of farms located in a nearby town,” proposes Andrea Nagel, a blogger at Stuck in North Idaho, an adventure blog featuring local activities in North Idaho.

“Each year they host the Apple Festival, ripe with apple and pumpkin picking, fresh ciders and pies, and our personal favorite, pumpkin donuts. Nothing puts me in the fall spirit more than the beautiful drive surrounded by fall colors and a festive atmosphere,” shares Nagel. “Each farm offers something different including activities for families (mazes and hayrides) and unique breweries, wineries, and a meadery that supports a local animal rescue.”

Visiting local farms in the Pacific Northwest is a delightful way to experience the region’s rich agricultural heritage. Whether you’re looking for fresh ingredients or a fun family outing, the local farms offer a unique and memorable fall experience.

10. Spot bald eagles

Idaho is a paradise for outdoor enthusiasts, offering a diverse array of activities year-round. From hiking and biking along scenic trails to kayaking and paddleboarding on beautiful lakes, there’s no shortage of ways to immerse yourself in nature. “Coeur d’Alene is a stunning outdoor haven, surrounded by lush forests, shimmering lakes, and endless hiking trails, offering boating, camping, and scenic beauty at every turn.” Joe Santiago at Real Estate Photography of Coeur d’Alene states.

In late November and early December, this area draws wildlife enthusiasts and photographers from around the globe, providing them a rare chance to observe hundreds of bald eagles in their natural habitat.

“The eagles come here yearly to feast on the spawning bright red Kokanee Salmon. On any given day during this time of fall, you can see hundreds of these majestic birds,” says Jennifer Bailey at Blackwell Boutique Hotel. “One day in December 2023, there was a record of 409 eagles.”

Seeing bald eagles in their natural habitat is truly awe-inspiring, as these majestic birds soar gracefully in the sky. Experiencing this iconic symbol of freedom in the wilderness of Idaho fosters a deep appreciation for wildlife and the importance of preserving their habitats.

11. Experience a farm adventure

Visiting local farms in Coeur d’Alene during the fall and winter festivities is an engaging and exciting way to celebrate the seasons. From pumpkin patches and corn mazes in the autumn to holiday markets featuring fresh produce and handmade gifts in the winter, each farm offers a unique experience filled with seasonal charm. Families can enjoy hayrides, festive decorations, and the joy of picking their own produce.

“There are some great farm things to do in Coeur d’Alene this fall. Prairie Home Farm, Grandpa Woody’s Pumpkin Patch, and Taking Root Flower Farm all have fun fall events taking place,” recommends the Panhandle Farm Corridor Team. 

Ready for the holiday season to come a little faster? The Panhandle Farm Corridor Team assures, “Coming up in November is Cable Creek Christmas Tree Farm for Christmas trees and wreaths.” These upcoming events make North Idaho the perfect place to embrace the spirit of the season in the heart of the community.

Fall things to do in Coeur d’Alene to celebrate the season

From picturesque hikes adorned with golden leaves to cozy events that capture the spirit of the season, there’s no shortage of ways to immerse yourself in the beauty of fall. Whether you’re a thrill-seeker, a nature lover, or simply looking for a cozy weekend escape, Coeur d’Alene has more than what Idaho is more commonly known for, it has something special waiting for you that promises an unforgettable experience to capture the essence of the season.

Source: rent.com

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Looking for the best Amazon hacks to save money? If you’re like me, you’re always looking for ways to save a little extra cash, especially when shopping on Amazon. Sure, Amazon already has great prices, but what if I told you there are even more ways to cut down your costs? Over the years, I’ve…

Looking for the best Amazon hacks to save money?

If you’re like me, you’re always looking for ways to save a little extra cash, especially when shopping on Amazon. Sure, Amazon already has great prices, but what if I told you there are even more ways to cut down your costs?

Over the years, I’ve found so many helpful tips and tricks that I couldn’t wait to share them with you.

Whether you’re a frequent shopper or just looking to make the most of your Prime membership, these 15 Amazon hacks will help you save money you didn’t even know you could! From using price-tracking tools to earning free gift cards, this list covers everything you need to know to save money.

Recommended reading: 7 Ways To Get Paid For Amazon Reviews

15 Best Amazon Hacks To Save Money

Below is what you need to know about the best Amazon hacks to save money.

1. Use coupons

Amazon often offers promo codes for thousands of products, and sometimes they’re automatically applied at checkout.

To find coupons and deals, go to Amazon’s homepage, “Today’s Deals” or search “Amazon coupons” in the search bar. Doing this will show you a list of the best deals on Amazon for the day which can include items like cosmetics, household supplies, electronics, and almost anything else you can think of.

Some items are reduced automatically, while others make you clip a coupon on the item’s link to get the savings. When you’re ready to check out, make sure the coupon has been clipped and added to your order summary.

Occasionally, the app will have exclusive coupons and discounts, so it’s worth it to have the app if you shop on Amazon a lot.

2. Use price tracking tools

Tools, like Capital One Shopping, can help you find the best deals by tracking price drops. This comes in handy for Amazon products since the prices change so often. For example, a lot of people were finding that Amazon Prime Day items were actually more expensive than before Prime Day.

Other popular price-match tools are Honey and Camelcamelcamel.

To make things more convenient for you (and so you don’t forget to use these price-matching tools), I recommend installing a browser extension on your computer. These extensions make it easy to check any item you’re looking at on Amazon instantly.

You can also set up price drop alerts that will notify you when a price drops to your target price.

Recommended reading: Capital One Shopping Review: Is It Worth It?

3. Choose free shipping for bundling your order

There are ways to never pay Amazon shipping, and here are just a few.

  • Amazon gives free shipping on orders that meet certain criteria. For non-Prime members, you need to meet a minimum purchase of $35.
  • Add multiple items to your cart to reach the free shipping threshold.
  • Keep an eye on promotions that give free shipping on lower threshold amounts.
  • If you don’t have anything to buy on Amazon to reach free shipping, maybe think about buying household supplies to increase your total (because you always need them anyway).

Thanks to the above tips, I never pay for shipping on Amazon.

4. Choose No-Rush Delivery for free credits

Amazon has a special offer for users called “No-Rush Delivery” where they’ll give you free credits.

Instead of getting your product in two days or less, you’ll get your items a few days later. You can choose this item during checkout.

These credits can be used towards digital content (eBooks, music, movies). The reward credit is usually between $1-$5.

5. Use a cashback credit card

Credit cards are a fantastic way to get cash back and make money back from your purchase.

I use an Amazon Chase card that gives me 5% cash back on all purchases that I make at Amazon as an Amazon Prime member. Nonmembers get 3% cash back on all purchases made on Amazon.

This can add up to hundreds of dollars over the year. 

6. Subscribe and Save

Amazon’s Subscribe and Save is a handy way to save money on items you regularly buy on Amazon like cleaning supplies (such as paper towels and toilet paper), cosmetics, groceries and food, vitamins, baby items (like diapers), and so much more. This also includes free shipping and a discount.

For example, if you buy 5 or more subscribe & save products, you can save up to 15% on your order.

Here’s a screenshot showing proof that my sister earned money by playing games on Freecash!

7. Find ways to get free Amazon gift cards

Yes, you can get free Amazon gift cards by filling out surveys.

This isn’t a fast way to make extra money, but it’s something you can easily do on your couch or when you’re trying to pass the time.

Here’s a list of the best survey sites:

  1. American Consumer Opinion
  2. Survey Junkie
  3. Swagbucks
  4. InboxDollars
  5. Branded Surveys
  6. Prime Opinion
  7. Five Surveys

You can also earn free Amazon gift cards by playing games on your phone. My sister recently earned $300 in free Amazon gift cards by playing Bingo on the Freecash app. She made this much in just one week!

Recommended reading: 20 Best Survey Sites To Make $100+ Per Month

8. Become an Amazon Vine reviewer

Did you know that you can get hundreds of free products, worth thousands of dollars every year from the Amazon Vine Program?

This program is easy to join and gives you access to thousands of items you can use or gift to friends and family. The Vine program lets you request up to 8 items per day, so you can find all sorts of things you need or totally random items for starting a new hobby. 

You may be eligible to be an Amazon Vine Voice Reviewer if:

  • You have written consistent reviews of your previous Amazon purchases
  • Your reviews are considered ‘helpful’ to other customers
  • Your reviews are honest and trustworthy

Recommended reading: How I Received $4,500 in Free Amazon Products by Writing Reviews

9. Get a free trial of Amazon Prime Student

If you’re a student and enrolled in a college or university, you can probably get a free trial or reduced subscription rate on Amazon Prime. Amazon Prime benefits are awesome because you usually get lower prices and free 2-day shipping.

This can make your Amazon Prime account as low as free or around $7 a month (after the 6-month trial period), so this is definitely one of the best Amazon hacks to save money on a Prime membership.

To qualify for an Amazon Prime Student account, you need to have an active .edu email address to sign up for your Prime membership. Amazon will send a verification email to your school email address. This is how Amazon confirms that you’re a student.

You can sign up for an Amazon Prime Student account by clicking here.

10. Shop with credit card points

With certain credit cards, you can automatically apply your points to your Amazon purchase.

For example, I have an Amazon Chase credit card that makes it really easy to use points when I’m checking out on Amazon.

When I’m at the checkout page on Amazon, the payment area includes a section where I can use my Amazon cash-back points on Amazon purchases.

11. Trade in electronics you no longer need

Amazon has a trade-in program that helps you turn your old and unwanted electronics into money.

To do this, just go to the Amazon Trade-In page and tell Amazon about the device you want to trade in. If the electronic is eligible for a trade-in, Amazon will either give you an Amazon gift card or a 20% off coupon, or sometimes both.

You’ll then ship your electronics via UPS for free or drop your old devices off at an approved trade-in location within 45 days. This is a great option for people who like to get the latest tech gadgets or want to declutter.

12. Shop Amazon Outlet

Amazon Outlet is a section on Amazon that features Amazon warehouse and overstock items that are on discount. This section features discounted items across all categories including:

  • Electronics
  • Home goods
  • Clothing
  • Cosmetics
  • and more

Use the filter and sort items to narrow down your search to make the shopping process less overwhelming. Also, make sure to check customer reviews and check product descriptions to make sure the item is of good quality.

13. Look for free Audible books

If you’re a fan of audiobooks, Audible usually has promotions offering free audiobooks and free trials. As of this writing, Audible has a 3-month offer for only .99 cents, then $14.99 each month after. 

Audible includes:

  • Premium members get credits that can be used for any titles in their premium selection
  • Access to exclusive member sales and discounts on all additional purchases
  • All members can listen to thousands of included audiobooks, podcasts, originals, and more in the Plus Catalog (as much as you want, no limit)

You can find free Audible books by clicking here.

14. Look for Amazon lightning deals

Amazon has lightning deals that are time-sensitive and limited in quantity across different categories.

On the Deals page, look out for the lightning deal badge next to products. Here you’ll see how long the deal lasts or how much of the item is left.

You can also filter deals by category to help you narrow down items. This makes it easier to find items you’re interested in. If an item you’re interested in is 100% claimed, get on the waitlist. If someone doesn’t complete their purchase, you’ll get a notification. You’ll have a short window of time to complete the purchase before the item goes to the next person on the waitlist.

Here’s the email my sister received about her baby registry completion discount.

15. Sign up for a registry

Creating an Amazon registry is a great idea whether you’re having a wedding, expecting a baby, or celebrating another event.

This is also a great way to get a discount on items.

After your event date, Amazon gives a one-time discount on items left on your registry. The discount is typically 10-15% off (higher for Prime members) and applies to select items. You can read about this on Amazon’s website here.

My sister made a baby registry on Amazon when she was pregnant and this Amazon shopping hack definitely works! She was able to save a good chunk of money on the baby registry items that were not bought at her baby shower. I also know of friends who did something similar after they made their wedding registry!

You can create your registry for free on Amazon by clicking here.

Frequently Asked Questions

Below are answers to common questions about the best Amazon hacks to save money.

How do I save a lot of money on Amazon?

To save the most money on Amazon, take advantage of these money-saving hacks:

  • Look for the “Clip Coupon” option on the item’s page to instantly apply discounts
  • If you regularly purchase certain items, use the Subscribe and Save program
  • Use tools like Capital One Shopping extension to track price changes and receive price change alerts

How do I stop overspending on Amazon?

If you have a problem overspending on Amazon, use the following tips:

  • Delete the Amazon app from your phone
  • End your Amazon Prime subscription
  • Before making a purchase, wait at least 24 hours before checking out
  • Unsubscribe from promotional emails

What are the best Amazon hacks to get free stuff?

There are many ways to get free stuff on Amazon. Here are some of the best hacks:

  • Amazon Vine Program (where select customers receive free products in exchange for reviews)
  • Choose no-rush shipping to get credits that can be used toward digital purchases
  • Trade-in eligible electronics for Amazon gift cards

How to save money on Amazon Prime?

If you’re a student, sign up for a 6-month free trial of Amazon Prime Student. The membership costs for students are usually half the cost of a regular Prime membership. You can get the discounted Prime membership rate for up to four years, as long as you have a .edu email address. 

You can also pay for your Amazon Prime membership annually instead of monthly. This will give you a discounted per month price.

Another tip is to think about whether you need Amazon Prime year-round. Some people only need it for the holiday season when shopping picks up, while others use the membership year-round.

15 Best Amazon Hacks To Save Money – Summary

I hope you enjoyed my article on the best Amazon hacks to save money.

Using these 15 Amazon hacks can save you tons of money over time and help you use your Amazon Prime membership better.

Whether you’re using price tracking tools or trading in electronics you no longer use, these tips will help you get the most out of your Amazon shopping experience. 

Happy saving!

What do you do to save money on Amazon? What do you think are the best Amazon hacks to save money?

Recommended reading:

Source: makingsenseofcents.com

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Though the Halepuna Waikiki by Halekulani hotel sits in the heart of tourist-packed Waikiki on the island of Oahu, it’s quiet and relaxed. The 284-room boutique hotel offers a refreshing alternative to the sprawling resorts that dominate the area.

But the real standout about this boutique oasis? No resort fees.

I visited Halepuna Waikiki for two nights, as part of a longer trip to Oahu. The resort initially caught my attention for its lack of resort fees. I grew even more interested when I learned about how much it included. Notably, it offered complimentary access to multiple museums that I had long been yearning to visit given my family’s Hawaiian heritage.

Though nightly rates typically run over $300 a night (slightly higher than Oahu’s average nightly hotel room rate of $272, based on May 2024 data from the Hawai‘i Tourism Authority), the free museum access alone went a long way in justifying it. Without that complimentary access, my travel companion and I otherwise would have spent more than $150 combined on museum tickets.

That made the decision easy — and it didn’t hurt that the hotel was quite fancy, too.

About the Halepuna Waikiki

Halepuna Waikiki by Halekulani is the sister property of Halekulani, On the Beach at Waikiki —one of the oldest (and most famous) Waikiki beach hotels. As for the Halepuna Waikiki, this property is relatively new. It opened in October 2019, but closed for more than a year during the COVID-19 pandemic.

The hotel reopened in April 2021 with several awards and titles to its name. That includes a AAA Four Diamond Award, which is a prestigious award recognizing hotels for their upscale style, amenities and service.

Features include a rooftop infinity pool with ocean views, plus a sleek lobby designed with custom light fixtures, vaulted ceilings and floor-to-ceiling windows that offer up a light and airy aesthetic.

The Halepuna Waikiki location

The lobby at the Halepuna Waikiki by Halekulani. (Photo by Sally French)

The Halepuna Waikiki offers the best of both worlds in that it has ocean views without sitting directly on the beach. That means you can still get a great view without the exorbitant beachfront price tag.

The hotel sits just one block from the beach on one side, and one block from Kalakaua Avenue — Honolulu’s main shopping street — on the other side. Since the hotel sits tucked away on a side street, it tends to be a little quieter than most other Waikiki hotels, and it usually won’t have as many non-hotel guests wandering through the lobby.

The lobby at the Halepuna Waikiki by Halekulani. (Photo by Sally French)

Halepuna parking is available, but it’s not cheap. Whether you opt for valet or self-parking, you’ll pay $50 per day. Given the hefty parking fee coupled with the hotel’s prime, walkable location, you might not actually want a rental car in Honolulu anyway.

To get there from the airport, it’s usually best to take a taxi or rideshare. Ubers generally cost about $30 to $40 between Honolulu’s Daniel K. Inouye International Airport and the hotel.

Halepuna Waikiki rooms

An Ocean View room at the Halepuna Waikiki by Halekulani. (Photo by Sally French)

Halepuna Waikiki by Halekulani has 284 guest rooms and four suites. The best views are from the oceanview rooms on higher floors (floors 19 through 23), as they’re not obstructed by the buildings in front.

(Photo by Sally French)

These Deluxe Ocean View rooms tend to cost about 15% more than the Ocean View rooms with obstructed views and about 30% more than the standard Waikiki view rooms.

(Photo by Sally French)

The rooms have modern amenities, like a bedside and dress charging station with ports for USB and HDMI, plus a Bluetooth connection. Shades are remote controlled, and bathrooms have nice features like a lighted vanity and magnifying mirror.

(Photo by Sally French)

The rooms also have some nods to the local culture. For example, each room has a unique photo taken by a local photographer, and the bath amenities use locally-sourced Hawaiian oils and extracts.

(Photo by Sally French)

All rooms also have a refrigerator and coffee maker. The complimentary refillable water bottles make for a great souvenir.

Key amenities at the Halepuna Waikiki

(Photo by Sally French)

The rooftop infinity pool on the hotel’s eighth floor is remarkable.

(Photo by Sally French)

The area also has a hot tub, plenty of lounge chairs and cabanas available for rent. Conveniently, complimentary sunscreen is available for hotel guests.

(Photo by Sally French)

A rooftop garden and grass turf space adjacent to the pool is a nice place to sunbathe outside of the pool deck.

(Photo by Sally French)

The eighth floor also offers a gym, which offers fairly standard equipment like cardio machines and dumbbells.

(Photo by Sally French)

One unique feature caters to the workcation crowd — the business center and hospitality suite. This room offers work desks where hotel guests can post up with no reservations required. If you do need to reserve a private space, there’s also a separate, bookable meeting room that accommodates up to 24 people.

One underrated amenity is a coin-operated laundromat, which is also located on the eighth floor.

In addition to the on-property amenities, the Halepuna offers some free events and tickets. For example, guests can participate in complimentary, daily surf demonstrations held on the beach in front of Halekulani.

Halepuna guests also receive complimentary admission at the biggest museums in the state, including the Bishop Museum and Honolulu Museum of Art. Given that general adult admission costs $34 to the Bishop Museum and $25 to the Honolulu Museum of Art, that alone could go a long way in justifying the hotel room rate.

Halepuna Waikiki restaurants

(Photo by Sally French)

The Halepuna has two restaurants:

Halekulani Bakery: This morning spot serves coffee and pastries, and it’s most famous for its Halekulani Coconut Cake.

(Photo courtesy of Halekulani)

Umi By Vikram Garg: This seafood-centric restaurant open for breakfast and dinner is located in the hotel lobby. Each dish uses high-end and unique ingredients, such as fried rice made with seafood, bacon and koshihikari rice. Even the pancakes are elevated; the “Mai Tai Pancake” is served with caramelized pineapple and a rum-coconut essence.

Halekulani restaurants

Dining options are slim at Halepuna, but that’s where Halekulani, its sister property across the street, shines. The hotel has about a half-dozen different places to eat, and Halepuna guests can charge purchases made at Halekulani back to their room.

La Mer: The award-winning La Mer serves French cuisine with ‘flavors of Hawaii.’

Orchids: Though it’s open all day, Orchids is a great spot for Waikiki brunch in particular, as well as Waikiki afternoon tea given its ocean views and diverse menu that embraces both Asian and American cuisine.

(Photo by Sally French)

House Without A Key: Then there’s one of the most famous restaurants in Waikiki: House Without A Key. Though it’s not fancy, it’s still an elevated spot for lunch, dinner or drinks. Don’t plan on rushing through a meal here, as the draw is enjoying the Hawaiian music and hula performances held in front of the restaurant’s century-old kiawe tree.

(Photo by Sally French)

It’s all outdoor seating, though there’s an expansive, covered area offering an open-air, indoor-like place to eat.

Kabayaki fries at the House Without A Key restaurant. (Photo by Sally French)

The food is just as good as the vibes. There’s all sorts of burgers, fish and flatbreads. The highlight, though, is found on the sunset cocktail menu: kabayaki fries. With this dish, fries are doused in the famous Japanese sauce, and then topped with furikake, garlic, onions and kewpie mayonnaise. Don’t miss it.

Who is the Halekulani Waikiki best for?

The Halepuna Waikiki by Halekulani offers the perfect combination of modern yet luxurious touches, a tucked-away atmosphere plus a prime Waikiki location – all at a competitive price, especially considering the absence of resort fees.

The complimentary cultural access and exclusive privileges at the Halekulani elevate the experience even further. For travelers seeking a luxurious and intimate escape in Waikiki, the Halepuna Waikiki is one of the best hotels in Waikiki.

Booking the Halekulani Waikiki

There are a few ways to pay for your stay, so compare prices before booking. Booking options include:

Direct through Halepuna: When you book directly on Halepuna’s website, you can take advantage of exclusive offers. These vary by time of year, but often include deals like free breakfast for two.

I Prefer Hotel Rewards: The free-to-join hotel loyalty program doesn’t have a huge presence in the U.S., but it serves hundreds of hotels and resorts worldwide. Like most hotel loyalty programs, members can rack up points to exchange for free nights. Plus, members have access to exclusive rates, early check-in and space-available room upgrades.

The hotel also usually appears on American Express Travel, where it’s part of the issuer’s Fine Hotels + Resorts® program. Cardholders who pay with their The Platinum Card® from American Express can get up to $200 in statement credits per calendar year on prepaid bookings through Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel. (The Hotel Collection requires a minimum two-night stay.) Though that card has an annual fee of $695 (see rates and fees), the statement credits can go a decently long way in justifying it. Terms apply.

Plus, AmEx cardholders who book through FHR are eligible for space-available room upgrades, complimentary breakfast, a $100 property credit and late checkout. Terms apply.

To view rates and fees of The Platinum Card® from American Express, see this page.

How to maximize your rewards

Source: nerdwallet.com

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When people think of Jacksonville, they often picture its bustling downtown and proximity to the coast, but the true essence of living in Jacksonville extends beyond the urban core. The suburbs of Jacksonville are diverse residential areas that offer a quieter, more laid-back lifestyle while still providing easy access to the city’s vibrant amenities. These Jacksonville suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal.

In this ApartmentGuide article, we’ll explore some of the most notable Jacksonville suburbs—from peaceful riverside towns to upscale coastal enclaves—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Jacksonville or curious about the different Jacksonville neighborhoods, let’s discover the best parts of Jacksonville to call home.

Cost of living in Jacksonville

Before we dive into the top Jacksonville suburbs, let’s cover how much it costs to live in Jacksonville. The overall cost of living in Jacksonville is 7% lower than the national average. Housing plays a significant role in this, with the median sale price for a home in Jacksonville at $309,950, which is lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Jacksonville at $1,364, also lower than the national average of $1,514.

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

If you’re looking for more specific rental insights, check out our guide on the 13 Most Expensive Neighborhoods in Jacksonville to Rent in 2024.

1. Orange Park

Known for: Quiet neighborhoods, proximity to the St. Johns River, and affordability

Orange Park is a charming suburb located southwest of Jacksonville, offering a peaceful environment with plenty of green space. Known for its affordable housing, Orange Park attracts residents looking for suburban living without straying too far from Jacksonville’s downtown area. With its proximity to the St. Johns River, outdoor enthusiasts can enjoy boating, fishing, and other water activities. The area also features parks, golf courses, and local shopping centers.

Population: 9,000
Average rent for a one-bedroom apartment: $1,171.
Median home sale price: $290,000
Orange Park transportation scores: Walk Score 63, Bike Score 65

Apartments for rent in Orange Park, FL | Houses for rent in Orange Park, FL | Homes for sale in Orange Park, FL

2. Ponte Vedra Beach

Known for: Luxurious waterfront living, world-class golf, and high-end communities

Ponte Vedra Beach, located southeast of Jacksonville, is synonymous with luxury. This coastal suburb is renowned for its beautiful beaches, high-end resorts, and top-rated golf courses, including the famed TPC Sawgrass. It’s an ideal destination for those looking for upscale living near the ocean, and it offers a mix of luxury homes and gated communities. Ponte Vedra Beach’s residents enjoy the benefits of coastal living with easy access to fine dining, exclusive shopping, and beautiful views of the Atlantic.

Population: 29,000
Median home sale price: $885,000
Ponte Vedra Beach transportation scores: Walk Score 41, Bike Score 55

Apartments for rent in Ponte Vedra Beach, FL | Houses for rent in Ponte Vedra Beach, FL | Homes for sale in Ponte Vedra Beach, FL

3. St. Augustine

Known for: Historic charm, coastal beauty, and vibrant cultural scene

St. Augustine is the nation’s oldest continuously inhabited European-established settlement, offering a rich historical backdrop and coastal living. Located about 40 minutes south of Jacksonville, St. Augustine combines centuries-old history with modern amenities. Residents enjoy the historic downtown area with cobblestone streets, horse-drawn carriages, and colonial architecture, alongside beautiful beaches just minutes away. St. Augustine is ideal for those who appreciate a slower pace of life with cultural and recreational activities, including museums, art galleries, and waterfront parks.

Population: 15,000
Average rent for a one-bedroom apartment: $1,575
Median home sale price: $425,000
St. Augustine transportation scores: Walk Score 72, Bike Score 79

Apartments for rent in St. Augustine, FL | Houses for rent in St. Augustine, FL | Homes for sale in St. Augustine, FL

4. Fleming Island

Known for: Scenic waterfront living, strong community atmosphere, and outdoor recreation

Located just south of Orange Park, Fleming Island offers a suburban escape with scenic views of the St. Johns River. Residents enjoy a community-centered lifestyle with access to parks, recreational facilities, and golf courses. Fleming Island has a reputation for offering peaceful living while still providing ample conveniences, such as shopping centers and dining options. It’s a desirable spot for those who value outdoor activities like boating, fishing, and hiking, while also enjoying suburban amenities.

Population: 30,000
Average rent for a one-bedroom apartment: $1,560
Median home sale price: $399,000
Fleming Island transportation scores: Walk Score 11, Bike Score 34

Apartments for rent in Fleming Island, FL | Houses for rent in Fleming Island, FL | Homes for sale in Fleming Island, FL

5. Nocatee

Known for: Master-planned communities, modern amenities, and welcoming atmosphere

Nocatee is a rapidly growing, master-planned community located between Jacksonville and St. Augustine. Known for its new developments, Nocatee offers a wide range of homes, from affordable options to luxury estates. The area is packed with amenities, including parks, splash pads, and even water parks, making it a popular choice for those who want a modern suburban lifestyle. Nocatee’s convenient location and wealth of recreational opportunities make it a sought-after suburb for all ages.

Population: 20,000
Median home sale price: $679,000
Nocatee transportation scores: Walk Score 31, Bike Score 70

Apartments for rent in Nocatee, FL | Houses for rent in Nocatee, FL | Homes for sale in Nocatee, FL

6. Green Cove Springs

Known for: Small-town feel, affordability, and natural springs

Green Cove Springs, located along the St. Johns River, offers a slower-paced lifestyle with a charming, small-town vibe. The town is known for its affordability and the nearby natural springs that attract visitors and locals alike. Green Cove Springs provides access to local parks, water activities, and scenic outdoor spaces, making it a great choice for those who appreciate the beauty of nature while enjoying a peaceful community atmosphere.

Population: 8,000
Average rent for a one-bedroom apartment: $1,085
Median home sale price: $345,000
Green Cove Springs transportation scores: Walk Score 51, Bike Score 54

Apartments for rent in Green Cove Springs, FL | Houses for rent in Green Cove Springs, FL | Homes for sale in Green Cove Springs, FL

7. Fruit Cove

Known for: Picturesque views, suburban charm, and outdoor activities

Fruit Cove is a serene suburb located just south of Jacksonville, known for its lush green spaces and friendly vibe. The area is popular for its proximity to both the St. Johns River and local parks, offering residents a peaceful lifestyle with access to plenty of recreational opportunities, including hiking, boating, and picnicking. Fruit Cove also boasts a strong sense of community, with a variety of local events and activities throughout the year.

Population: 31,000
Median home sale price: $575,000
Fruit Cove transportation scores: Walk Score 8, Bike Score 31

Apartments for rent in Fruit Cove, FL | Houses for rent in Fruit Cove, FL | Homes for sale in Fruit Cove, FL

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

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Reddit user C-MontgomeryChurns reports receiving an e-mail from JAL hinting at a new credit card. Relevant part of the e-mail is as follows:

Important notice about current JAL USA CARD

Applications for the current card will close on before launch.

Existing issued cards will remain valid and can be used after launch.

Extra Benefits Await:

Launch Promotion Starting Soon

Details will be sent to you via email.

Stay tuned for more details.

The current card is issued by FNBO and isn’t very good with the standard sign up bonus being only 5,000 points. I doubt we will see an attractive sign up bonus even with a new issuer but I’d love to be proven wrong.

Source: doctorofcredit.com

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Thinking about moving to Maine? Known for its stunning natural beauty, rugged coastline, and charming towns, Maine offers a unique lifestyle, but like any place, it has its advantages and drawbacks. From the bustling port city of Portland to the slower pace of its remote villages, life in Maine can be rewarding but also challenging in certain aspects. Here’s a breakdown of the pros and cons of living in Maine to help you decide if this state is the right place for you.

Is Maine a good place to live?

When moving to Maine, you can expect a lifestyle shaped by the state’s natural beauty, small-town charm, and strong sense of community. The education system is solid, with institutions like the University of Maine providing higher education opportunities. Major employers in the state include L.L. Bean, Bath Iron Works, and healthcare providers like MaineHealth, reflecting the state’s mix of outdoor industries, shipbuilding, and healthcare.

Larger cities like Portland and Bangor offer a lively mix of arts, culture, and dining, while places like Lewiston and Augusta provide a more laid-back, traditional New England vibe.

In terms of weather, Maine’s winters are long and harsh, with heavy snow and freezing temperatures that make heating costs a significant consideration. But if you enjoy outdoor activities like hiking, skiing, or exploring the state’s beautiful coastline, the natural beauty and outdoor lifestyle may outweigh these challenges.

Maine state overview

Population 1,362,359
Biggest cities in Maine Portland, Lewiston, Bangor
Average rent in Portland $2,462
Average rent in Lewiston $1,300
Average rent in Bangor $1,370

1. Pro: Beautiful nature and outdoor activities

There’s plenty to explore outdoors in the state of Maine. From Acadia National Park’s rugged coastal cliffs to the hundreds of lakes and dense forests, the state offers endless opportunities for hiking, fishing, skiing, and kayaking. Whether you enjoy summer days by the beach or fall foliage hikes, Maine’s natural beauty provides year-round recreation.

Insider scoop: If you love hiking, take the trail up Cadillac Mountain in Acadia for some of the best sunrise views in the state, or explore Baxter State Park, home to Mount Katahdin, the highest peak in Maine.

2. Con: Harsh winters and high heating costs

Maine’s winters are long, cold, and snowy, with temperatures often dropping below freezing for extended periods. Heating costs can become a significant expense, particularly in older apartment buildings and homes that may not be energy efficient. Snow removal and icy roads can also make commuting challenging during the winter months.

Insider scoop: Make sure you’re prepared to handle the winters. Invest in winter gear, have a safety kit in your car, and be informed with weather alerts and forecasts.

3. Pro: A tight-knit, welcoming community

Maine is known for its friendly, close-knit communities. In smaller towns, it’s common to know your neighbors and be part of local events like farmers markets, town fairs, and community dinners. This strong sense of community is one of the state’s defining features, making it easy to feel connected, whether you’re living in a small coastal village or a larger town.

Insider scoop: Be sure to check out the Portland Farmers’ Market, one of the oldest in the country. Held twice a week, this market offers everything from fresh seafood and local produce to handmade crafts

4. Con: Limited job opportunities in some sectors

While Maine offers a high quality of life, the job market can be limited, particularly in industries like technology or finance. Many jobs are concentrated in fields such as healthcare, education, and tourism, so if you’re in a specialized field, finding employment may require some flexibility or commuting to larger cities.

5. Pro: Affordable housing and lower cost of living

Compared to other northeastern states, Maine offers relatively affordable housing, especially in smaller towns and rural areas. While Portland’s rental rates has seen rising costs, with average rent for a one-bedroom around $2,462, more budget-friendly options can be found in cities like Lewiston, where rent averages $1,300, or York, where one-bedroom rentals hover around $1,600. Overall, the cost of living in Maine is lower than many East Coast states, making it an attractive option for those looking to stretch their budget while still enjoying the state’s natural beauty and close-knit communities.

Insider scoop: If you’re looking for affordability, consider towns like South Portland or Augusta, where housing prices are significantly lower than in the more popular coastal cities.

6. Con: Long commutes in rural areas

Maine’s rural beauty can come with drawbacks, particularly when it comes to commuting. Public transportation is limited, and in more remote areas, it can take a long time to reach stores, schools, or medical services. Owning a reliable vehicle is essential for most residents, and you should be prepared for longer drive times.

7. Pro: Fresh seafood and farm-to-table cuisine

Maine is known for its incredible seafood, especially lobster, clams, and oysters. The state’s culinary scene has expanded in recent years, with many restaurants emphasizing farm-to-table dining. Portland, in particular, is becoming a food hub, offering top-tier restaurants that focus on fresh, local ingredients.

Insider scoop: For a quintessential Maine experience, visit Eventide Oyster Co. in Portland for freshly shucked oysters or head to a lobster shack along the coast to enjoy a lobster roll by the water.

8. Con: Harsh allergies in the spring

While Maine’s winters are long, spring brings another challenge: allergies. The state’s dense forests and abundance of greenery produce significant amounts of pollen, making springtime tough for those with seasonal allergies. High pollen counts can lead to weeks of runny noses, itchy eyes, and respiratory discomfort for many residents.

9. Pro: Excellent quality of life

Maine consistently ranks high for quality of life, driven by its stunning natural landscapes and clean air. The state offers endless outdoor recreational opportunities, from hiking in Acadia National Park to exploring its picturesque coastline. Maine’s emphasis on locally sourced food, including its world-famous seafood and farm-to-table dining culture, supports a healthy and sustainable lifestyle. Additionally, the slower pace of life and tight-knit communities provide a peaceful environment.

10. Con: Short summer season

While Maine’s summers are beautiful, they are also quite short. The warm weather typically lasts only from late June to early September, which can feel too brief if you enjoy outdoor activities. For the rest of the year, the weather can range from chilly in the fall to freezing in the winter, which limits the time you can comfortably spend outside.

Pros and cons of living in Maine: Overview

Pros Cons
Beautiful nature and outdoor activities Harsh winters and high heating costs
A tight-knit, welcoming community Limited job opportunities in certain sectors
Affordable rent throughout the state Long commutes in rural areas
Fresh seafood and farm-to-table cuisine Harsh allergies in the spring
Excellent quality of life Short summer season

Source: rent.com

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A clogged toilet that backs up all over your bathroom. A sump pump breakdown that leaves your basement full of water. These scenarios can turn into a huge headache — and your insurance policy likely won’t pay for the damage. That’s why you might want to consider buying water backup coverage.

Get home insurance quotes in minutes

Answer a few questions to see custom quotes and find the right policy for you.

What is water backup coverage?

Water backup coverage is an optional type of insurance you can add to a homeowners, condo or renters policy. Because standard home insurance generally won’t cover water damage due to sewer backups or sump pump failure, this add-on coverage — also known as an “endorsement” — can help fill the gap.

As you’re shopping around, you may see other names for this insurance, such as water backup and sump overflow coverage.

What does water backup insurance cover?

Water backup coverage typically pays to repair damage from two scenarios:

  • Sewers or drains that back up into your home.

  • Failure or overflow of a sump pump.

The coverage may help with expenses such as buying new personal belongings, replacing damaged carpet or flooring and cleaning up mold.

With this endorsement you can also generally use your policy’s loss of use coverage. This part of your policy pays for additional living expenses if you need to stay somewhere else while your home is cleaned up.

Imagine that the shower in your only bathroom backs up, causing a soggy mess. Your policy may be able to reimburse you for a few nights in a hotel while the pipe is cleared and the damaged flooring is replaced.

🤓Nerdy Tip

Read your policy carefully. This article provides general guidance about what water backup insurance will cover, but the exact wording may vary from one company to another. For example, some companies may specify that damage from a backup is covered only if the water originates from your home.

You’ll usually have a deductible for water backup coverage. A deductible is the amount of a claim you’re responsible for. Your water backup deductible may be the same as your standard policy deductible or a separate amount.

For example, if a sewer backup causes $10,000 worth of damage and you have a $1,000 deductible on your water backup coverage, the insurance company would pay $9,000.

What does water backup insurance not cover?

As with all insurance, water backup coverage has limitations. Below are a few scenarios this endorsement typically won’t cover.

Flooding

Water backup coverage won’t pay for damage related to flooding, including tidal surges, overflowing rivers or lakes, or heavy rain. If you want coverage for these scenarios, you’ll need flood insurance.

Underground water

Water that seeps or flows into your home from underground isn’t covered. For example, this could include a swimming pool that leaks into your foundation or moisture seeping into your home through small cracks.

Negligence

Insurance is designed to cover sudden, unexpected problems, not lack of maintenance. If water damage happens because you’ve neglected to fix an issue that developed over time, your policy generally won’t cover it.

Burst or broken pipes

A standard homeowners, condo or renters policy typically pays for water damage from pipes that suddenly burst. You don’t need a water backup endorsement for this coverage.

Service lines

Say there’s a clog in the sewer line that links your home with your city’s municipal system, and water backs up into your house. Water backup coverage would pay for the damage inside your home. However, if the sewer line itself needed to be replaced, it wouldn’t be covered. Because excavating and replacing the line can get expensive, you may want to consider service line coverage.

Broken sump pump or other appliances

Water backup insurance can pay to clean up damage from a failed sump pump, but it won’t replace the device itself. For that, you could add equipment breakdown coverage to your policy.

If a water heater or other appliance suddenly breaks down, causing water to spew into your home, a standard home insurance policy should cover the damage. But again, it won’t pay to repair or replace the appliance itself unless you’ve added equipment breakdown coverage.

Do you need water backup coverage?

Some insurance agents recommend that all homeowners get water backup coverage. However, it may be particularly worth considering if any of the following risk factors apply to you:

  • You have a sump pump and/or a basement, especially a finished basement.

  • You live in an older home with aging pipes.

  • Your home has nearby trees with roots that could encroach on your plumbing system.

  • Your community has an older sewer system.

Did you know…

Water and freezing damage is the second most common type of homeowners insurance claim in the U.S., according to 2022 data from the Insurance Information Institute (the most recent data available). The only more common type of claim is wind and hail damage.

Renters don’t need to worry about building damage, but your landlord’s insurance usually won’t pay for your belongings if they’re ruined by a sewer backup. Having water backup coverage can help you replace them and even pay for somewhere else to stay if your apartment is unlivable during cleanup.

How much water backup coverage do you need?

Water backup coverage limits often start around $5,000 per year. The upper limit may go up to the full replacement cost of your house or even more, depending on your insurer. To decide on the right amount of coverage, consider how much you might have to fix or replace.

For example, you might want more coverage if you have a large finished basement with lots of furniture and fixtures. Maybe you have a two-story house with several bathrooms on the second floor — if one of those sinks or toilets backed up, it could potentially damage the floor below, too.

How much does water backup insurance cost?

Depending on where you live and how much coverage you need, water backup insurance can cost $50 to $250 per year. In our sample quotes, we saw rates as low as $39 for $5,000 of coverage.

How to prevent water backups

Following these maintenance tips may help keep water backups from happening in the first place.

Be careful what you put down the drain. Grease, paper products and larger food items can easily clog pipes.

Manage tree roots. Avoid planting anything new near your sewer line, and consider having existing tree roots inspected periodically and cut as necessary.

Install backwater prevention valves. A plumber can put these valves into lower-level drains to keep sewage from coming back into your home.

Flush your plumbing lines regularly. This can help prevent clogs from building up and keep your pipes healthy.

What to do if you have a water backup

Prevent further damage. As soon as you spot the problem, act quickly to keep it from getting worse — for example, by shutting off water or power.

Decide whether to file a claim. If the damage is minimal, submitting a claim may not be worth it. Remember that the insurance company will subtract your deductible from your payout and potentially raise your rates because you’ve filed a claim. You could end up paying more in future premiums than you’d get to repair a minor problem.

Document the damage. If you do decide to file a claim, take photos of damaged belongings, flooring and other items. Reach out to your insurance company promptly so they can assign an adjuster to examine the damage.

Make quick fixes. You won’t want to do major work until your adjuster has done their inspection, but you can do things like getting rid of wet items to keep mold from growing. If sewage is involved, wear protective equipment such as rubber gloves and boots.

Source: nerdwallet.com