Single-family rents also declined last month, falling $8 to $2,115, marking a 0.7% year-over-year increase. This growth was solely sustained by the Renter-by-Necessity (RBN) segment, which saw a 3.2% increase year-over-year, while lifestyle rents saw a 0.1% decrease over the same period. “One could say the multifamily market is metaphorically hunkering down for the winter … [Read more…]
Do you find yourself dreaming about what you would do if you were a millionaire? Maybe you fantasize about retiring early and traveling the world. Or perhaps what excites you is the thought of being able to donate to causes you care about.
But, you might be wondering, how to become a millionaire? You may suspect the only way you’ll ever be that rich is if you win the lottery.
Fortunately, the road to wealth isn’t that narrow — there are many ways to become a millionaire. For instance, some individuals retire with over a million dollars in savings because they made good financial decisions.
Others may have started businesses that brought them success, advanced their careers so that they made enough to save seven figures, or made smart investments.
Read on to learn more about how to become a millionaire, and strategies that could help get you there.
You may have a certain image of a millionaire in your mind. Maybe it’s a jetsetter or a celebrity. But many millionaires are not born into wealthy families or individuals who suddenly struck it rich. In fact, many millionaires are people who work for a living every day. In general, what tends to set them apart is that they have a millionaire mindset. They are smart and disciplined when it comes to their money. And they stay focused on their financial goals.
The true definition of a millionaire is someone with a net worth of at least $1 million. That means that their assets, minus any debt, is $1 million or more.
So, if you have $500,000 in savings and investments, plus a house that’s worth at least $500,000, are you a millionaire? Yes, if you own the house outright and don’t have a lot of debt such as car loans, student loans, or credit cards to pay off. But if you still owe money on your house and you’ve got a fair amount of debt to repay, you probably aren’t a millionaire. At least, not yet.
To do the math for your situation, total up your assets. Then subtract your debts from that amount. This will show you how close you are to reaching millionaire status, and possibly give you a sense of what you might have to do to get there.
Following these eight strategies can help when it comes to how to become a millionaire.
💡 Quick Tip: Did you know that opening a brokerage account typically doesn’t come with any setup costs? Often, the only requirement to open a brokerage account — aside from providing personal details — is making an initial deposit.
As we just saw in the example above, one thing that could be holding you back from becoming a millionaire is debt — especially if that debt is “bad debt,” a term often used for high-interest debt. Eliminating your debt is key because it’s difficult to build wealth if you’re paying a significant portion of your income toward interest.
Paying off debt could help free up money to invest and build wealth. One way to repay debt is to use the debt avalanche method. With this technique, you pay off your debts with the highest interest rates first and then focus on debts with the next highest interest rates (while still making minimum payments on all of your debt, of course).
Eliminating debt isn’t just about paying off existing debt, though, it’s also about avoiding the chances of going into debt in the future. Part of a debt payoff strategy could involve spending less so that you don’t need to rely on credit. You can also set a strict budget and pay with cash whenever possible.
In addition, you may want to create an emergency fund by setting aside a certain amount of money every month. That way, if you have a financial setback, you don’t have to go into credit card debt.
Investing successfully doesn’t happen overnight. It takes time. That’s why you need to start early. There are a few rules to know that could help you improve your chances of becoming a millionaire.
First, compounding returns can make all the difference. They can help your money grow, as long as the returns are reinvested.
Here’s how they work: Compounding returns depend on how much an investment gains or loses over time, which is known as the rate of return. The longer your money is invested, the more compounding it can do. That’s why some individuals start saving aggressively when they’re young.
Saving $100,000 by the time you’re 30 might not be possible for everyone, but the more you save early on, the greater impact it could have on your net worth.
And here’s the thing: Even if you’re in your 30s, 40s, or 50s now, it’s never too late to start saving. The important thing is that you start, period. And that you keep saving.
There are other investing strategies that could help as you work on how to become a millionaire. For instance, you could reduce the amount you spend on investment fees. High investment fees can have a big impact on your returns, so you might want to look into low-fee investments.
Also, you should make sure that you invest in a way that’s right for you throughout your life. That may mean investing more aggressively when you’re younger and gradually becoming more conservative in your investments as you get older and closer to retirement.
Your savings is the amount of money you have left after paying taxes and spending money.
Many Americans aren’t saving enough to become a millionaire — in October 2023, the average personal savings rate was 3.8%, according to the Bureau of Economic Analysis. You’ll likely need to save more than three times that amount to become a millionaire.
To save for your goals, start by investing in your company’s 401(k). Max out your 401(k) if you can. At the very least, invest at least enough to earn the employer match, if there is one. That way your employer is contributing to your savings.
In addition, consider opening a traditional IRA or a Roth IRA and contribute as much as possible — up to the limit set by the IRS. These IRAs are tax-advantaged, so they’ll help with your tax bill, too.
And investigate other savings options as well. For instance, you could open a high-yield savings account rather than a regular savings account for a higher return.
Step 4: Increase Your Income
You can’t join the ranks of millionaires if you’re not bringing in more money than you need for your basic necessities. The more money you make, the more you can save and invest.
Some ways to boost your income include asking for a raise or looking for a new higher-paying job. You could also go back to school to earn an advanced degree that could lead to a position with a higher income. Your current employer might even help you cover the cost; check with your HR department.
Another one of the ways to earn extra money is to take on a side hustle. You could tutor students on evenings or weekends, do freelance writing, or dog sit. And those are just some of the options to consider.
Getting control of your spending is critical to building wealth. That doesn’t mean you have to cut back on everything that gives you pleasure, but you could consider the happiness return on investment you get from the money that you spend. How big of an apartment or home do you truly need to be content? What kind of car do you need? Do you have to buy lunch out every day or could you bring your own lunch from home?
You could find ways to cut back on the things that don’t matter so much, but not skimping to the point that you miss out on things you love. For example, maybe you need your gym sessions (and there are plenty of low-cost gyms out there), but you can do without a $5 latte every morning.
Also, you could focus on cutting back on big expenses instead of those that won’t have a huge impact on your budget. For example, dining out only once a month, adjusting your thermostat higher or lower depending on the season, or finding a less expensive, smaller home could help you save a significant amount of money over time.
💡 Quick Tip: Distributing your money across a range of assets — also known as diversification — can be beneficial for long-term investors. When you put your eggs in many baskets, it may be beneficial if a single asset class goes down.
To become a millionaire, you’ll need to stay laser-focused on your financial goals. When everyone else around you is spending money, going on fancy vacations, and buying expensive cars, remind yourself what’s truly important to you. Keep your spending in check, continue to save and invest, and avoid taking on debt.
It takes discipline. But instead of thinking about the stuff you don’t have, appreciate all the good things in your life, like your family and friends. Remember that you’re saving for your future. You’ll be able to enjoy yourself then if you have the money you need to live comfortably and happily.
Think of it this way: You’re making yourself and your financial security the priority. Make that your mantra.
Investing can be complicated because there are so many options to choose from. If you need help figuring out what investments are right for you, consider working with a qualified financial advisor.
A good financial advisor could help you select the right investments and the best investing strategies for your situation. They can also help you plan and budget to reach your goals. But be sure to be an active participant in the process. Ask questions, be involved. Why are they suggesting a specific investment? And if you don’t feel comfortable with something, say so.
Finally, be sure to check your investment performance regularly. Know what you are investing in, how much, and why.
Recommended: How to Find the Best Investment Advisor For You
The final step to becoming a millionaire is to stay committed to your goal and your plan. Keep saving and investing your money. Stay out of debt. Let time and the power of compounding returns kick in. Be patient.
But also, don’t be afraid to refine or change your plan if need be. For instance, as you get closer to retirement, you will likely want to choose safer, less aggressive investments. You can keep saving and growing money throughout different ages and stages, but your method for doing so can evolve to make sense for where you are in your life.
In addition to all of the strategies above, there are a few other techniques that may help you reach millionaire status.
As you work your way up the ladder and earn more money throughout your career, you may be tempted to increase your lifestyle spending, too. After all, you have more money now, so you may feel the urge to spend it.
But here’s the thing: Giving in to these temptations can be a slippery slope. It might start with a bigger house in a nice neighborhood, and then grow to taking extravagant vacations and driving a luxury car. Before you know it, you could be spending way more than you’re saving.
Try to avoid lifestyle splurging if you want to be a millionaire. Instead, take the extra money and save and invest it. That way, you’ll be able to reach your goal even faster.
Becoming a millionaire is possible if you take the right approach. It involves saving and investing your money, spending wisely, and avoiding debt. You need to be disciplined and focused, and it won’t always be easy. But staying committed to your goals can reward you with financial security and success.
Ready to invest in your goals? It’s easy to get started when you open an investment account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).
Invest with as little as $5 with a SoFi Active Investing account.
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Are you downsizing, moving or doing a major decor change in your home but don’t know what to do with your old furniture? Well, you’re in luck because many local nonprofit organizations make moving easy by offering free furniture donation pick up.
Donating furniture to your favorite charities is a chance to get rid of extra furniture and household items for free while giving back to your community. Here is how to get started in the process.
When looking for furniture donation pickup, there can be so many options it’s hard to know where to start. Thankfully, we’ve got you covered with our detailed list summarizing nonprofit organizations, who your donation will help, items they accept and how to schedule your pickup.
The best part is that every organization in our guide is completely free of charge for their furniture removal services and your donations go to a great cause.
When people start thinking about donating furniture, The Salvation Army is usually one of the first places to come to mind. The Salvation Army is an international organization that operates in over 7,000 U.S. towns and cities and assists 23 million Americans annually.
Their services help provide disaster aid, support the LGBTQ+ community, fight food insecurity, combat addiction, assist those living in poverty and more. With the number of people Salvation Army helps each year, you can feel confident that you are doing good by donating to this organization.
Goodwill is an organization that supports communities through job training and employment services. They also provide support services, language training, education assistance, access to transportation and child care to help people in their communities achieve success.
In 2020, Goodwill served nearly 22 million individuals worldwide and provided career support to 126,000 people. Items brought to one of Goodwill’s stores are sold at a discounted price and the money raised goes to their various programs and initiatives.
Habitat for Humanity is a global nonprofit that provides safe and affordable housing to families in need. Their initiative also assists older adults to improve their homes, puts efforts towards neighborhood revitalization projects, provides shelter during natural disasters and teaches classes focused on financial education. This organization has been in operation since 1976 and works in all 50 U.S. states as well as 70 countries.
GreenDrop is a program on the East Coast that raises funds for popular charities by picking up used furniture, clothes and appliances to sell at thrift stores. Their proceeds go back to charities that help those in need. Some of the charities they support include the American Red Cross, Military Order of the Purple Heart and the National Federation of the Blind.
The Arc is the largest organization devoted to helping individuals with developmental and intellectual disabilities. It provides a wide variety of services, supports and advocacy for people with disabilities and their families. The organization has over 700 chapters and one of their key sources of fundraising comes from their thrift stores, which they stock with donated goods.
AMVETS is an organization that represents the interests of 20 million veterans across the United States. This group helps veterans obtain their entitled benefits. They also work to improve the quality of life for veterans, their families and the communities where they live through leadership, advocacy and services.
This site is perfect for anyone feeling overwhelmed trying to find charities that provide furniture pickup in their community. Donation Town works with local charities all over the country to help put individuals in touch with nonprofits that will provide this service for free. Simply enter your ZIP code and they’ll give you a list of charities to choose from.
If you donate your items to Furniture Banks, then you’ll be playing an important part in helping vulnerable families get back on their feet. The furniture donation pick up organization encourages people to donate gently used furniture and transfer the items to those struggling financially to furnish their own homes. Furniture Banks operates in 36 states, so check their website to see if they are in your area.
The Vietnam Veterans of America are working to change negative beliefs towards Vietnam veterans and provides individual assistance in a variety of ways. This includes creating outreach programs for veterans experiencing homelessness, substance abuse, incarceration and more. The VVA furniture removal program operates through a program called Pickup Please.
The Out of the Closet thrift stores chain is owned and operated by the AIDS Healthcare Foundation (AHF). This organization provides medical, preventive and educational resources for patients. AHF is the nation’s largest non-profit HIV/AIDS healthcare, research, prevention and education provider. The proceeds from Out of the Closet thrift stores directly benefit the AIDS Healthcare Foundation.
PickUpMyDonation.com is an organization that works with independent non-profit thrift stores in their communities. They’re focused on making large item donations simple by getting your furniture request to a local charity in minutes. Although they are not a charity themselves, they put you in touch with smaller charitable chapters that support the area you live in.
Donating your furniture is a great way to get rid of furniture you don’t use anymore while also helping your community. Follow these tips for a seamless furniture pickup experience.
If you follow these tips, you should have an easy transition and donation pickup day. Also, make sure to always check to see if the organization of your choice has any additional requirements.
Finding a new apartment has never been easier with Rent.’s finder tool. Start your move off on the right foot by using a free furniture removal service to declutter your place and take care of any worries prior to moving into your new home.
Source: rent.com
It’s no secret that Connecticut is a pricey place to live. This is particularly true for daily Manhattan commuters in Fairfield County paying high rents to live near the City. The “new normal” will allow several permanently remote workers to move further away from New York to other Connecticut cities or smaller towns in the Nutmeg State for a quieter life away from the bustle.
Still, others may want a spot closer to New York City, trying to take advantage of cheaper rents in certain pockets, not tied to jobs around places like New Britain or Norwich anymore. For its diminutive size, Connecticut has a diversity of both metropolitan and rural options.
So, for those looking to move to or within Connecticut, where can the most affordable rental cities be found? What are the cheapest places to live in Connecticut for renters?
First, let’s assess what rent prices look like in Connecticut. As stated previously, the Nutmeg State is not a cheap place to rent in general.
The average rent for a one-bedroom apartment across the state is $1,831. That’s pricey for a lot of renters. In fact, of the top ten cheapest cities in Connecticut in which to rent, only seven of them fall below that figure. And recently, it’s only gotten pricier. That number is up nearly twelve and a half percent from a year ago.
As demonstrated, there are many reasons why Connecticuters are looking for cheaper places to live, or assessing the price of where they currently reside. Among all the cities and towns in the Constitution State, what are the most affordable for renters?
Below are the 10 cheapest places to live in Connecticut. Three of the top 10 are in New York-adjacent Fairfield County. Four lie in the state’s Capital Region. And one is very much (playfully?) disliked by a certain late-night show host.
Looking for reasonable rents in Connecticut but with a reasonable commute to New York? Look no further than Norwalk. It’s just 35 miles from New York. And a one-bedroom apartment leases for $2,128 a month on average. All told, it’s the cheapest city in the Connecticut Panhandle for renters.
For the price, Norwalk is sufficiently commutable. A train ride on the MTA’s Metro-North Railroad to Grand Central Terminal is just 90 minutes long. As well, the commute time for drivers comes in at about 75 minutes.
The north end of the city is by the Merritt Parkway, and the Connecticut Turnpike and US Route 1 roll through the south. The latter two, intersected by the Route 7 expressway, runs alongside downtown Main Street to the seaport and harbor district.
You don’t even need to travel into Manhattan to find big business. Pepperidge Farm operates on the pricey east end of the city and Xerox headquarters lies at the northern tip.
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Just about on the other side of the Housatonic River from the state’s largest city is the suburb of Milford. The city offers ten miles of beaches along its Long Island Sound shoreline, more than any town in Connecticut.
Five of the beaches are city beaches, including Walnut Beach, Gulf Beach and Silver Sands. And just offshore is 14-acre Charles Island, rumored home to Captain Kidd’s buried treasure.
Milford also lies along eight miles of shoreline on the Housatonic, but its downtown actually sits where Milford Harbor meets the Lagoons. The city’s trendy downtown offers some seaside restaurants, bakeries and beer bars along New Haven Avenue and its adjacent streets. And splitting two-lane Broad Street downtown is Milford Green, the second-longest park in New England.
Downtown also features several rentals for both residents and summer beachgoers, priced right for the season and all year long. An average one-bedroom apartment throughout Milford rents for just under $2,000 a month.
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If you can’t get into Yale, have you tried Oxford? No, not the famous university in England, but the New Haven County town a half-hour away named for it. Oxford — the Connecticut one — has nearly 14,000 residents, but the woodsy town’s population spreads sparsely across three primary settlements.
Oxford Center offers a handful of businesses and Oxford’s only shopping center. Riverside sits along the Housatonic River and offers quaint waterside neighborhoods of single-family homes. And Quaker Farms is a lightly populated suburban center where you will find most of the town’s apartments.
The remainder of the town is immense forests and parkland. This includes parts of Kettletown State Park in the southwest and Naugatuck State Forest in the northeast.
At the north end of town sits the Waterbury-Oxford Airport, a popular corporate airport, home to dozens of large corporate business jets and a short helicopter ride away from Midtown Manhattan.
For this version of Connecticut rustic living, renters will only be shelling out $1,884 a month for an average one-bedroom apartment.
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HBO late-night host John Oliver really, really hates Danbury, Connecticut. But truthfully, it’s just a joke. Or is it? The comedian has heckled the city several times on “Last Week Tonight.” But Oliver and the city put its epithet-riddled rivalry aside in 2020 when Danbury renamed its water treatment facility “The John Oliver Memorial Sewer Plant.”
Fortunately, Danbury has much more to offer than waste treatment. The Housatonic Valley town lies just 60 miles north of Manhattan, making it a popular New York bedroom community. New York is just two hours away by rail, with Danbury acting as the terminus of the MTA Metro-North Railroad line. Commuters can also drive into New York in 90 minutes.
The bulk of commercial and business in Danbury lies along the I-84 corridor. This includes the large Danbury Fair mall at the junction with US Route 7, adjacent to the Danbury Airport. A bit east is Danbury’s downtown, which sits in the bowl of the city’s large railyard and runs out to Western Connecticut State University.
The border of New York State forms the western edge of Danbury, with easy access to the Hudson Valley and the Catskills. Despite the convenience, rents are low. A one-bedroom apartment rents for $1,764 on average monthly.
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There are 30 cities in the U.S. named Manchester. Of them all, only one is more populous than the one in Connecticut. A city of nearly 60,000 (the one in New Hampshire is twice the size), Manchester sits just to the east of East Hartford.
Just to the west of Manchester, I-384 splits off from I-84. The two interstates diverge as they enter Manchester, forming byways along the north and south sides of the town.
Most commercial business is along freeway exits. The Shoppes at Buckland Hills is a major mall along I-84, surrounded by some apartment complexes, shopping centers and big-box stores.
Off 394, the East Side and West Side neighborhoods offer a variety of cultural sites and numerous shops, restaurants and another pocket of apartment buildings along Main Street.
With a convenient drive into Hartford but green space enough to feel separated, Manchester is a desirable town. The Capital Region suburb is also affordable. An average one-bedroom apartment leases for just a monthly rate of $1,470.
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Quick, name Connecticut’s largest city. If you are not a native Nutmegger, you may not realize the answer is the coastal city of Bridgeport, not Hartford.
The city of nearly 150,000 lies on the Long Island Sound halfway between Stamford and New Haven. And with a train commute of around two hours, it’s considered the northernmost Connecticut city a reasonable commuting distance into Manhattan.
That’s good news for city commuters willing to spend a few hours on the train each day. With a one-bedroom apartment renting for an average of $1,469 a month, it’s the cheapest place to live in Southwestern Connecticut for renters.
The city itself presents as an amalgam of mid-sized cities and dense suburbs. It features a busy waterfront along Bridgeport Harbor. The University of Bridgeport sits right on the water surrounded by many coastal parks and beaches, marinas and industrial sites.
Nearby is the city’s bustling downtown. The area features several bars and restaurants, museums, high-rise apartment buildings and the brand new Hartford HealthCare Amphitheater.
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If New Haven is a city known for its Ivy, Hamden — its neighbor to the north — is a city of trees and parks. It’s a city with an obvious metropolitan grade. The southern end of the city adjacent to New Haven is highly urbanized. But as you travel northward, the city gradually becomes tree-filled, rural and mountainous.
The southern footprint of Hamden is densely populated with tracts of suburban sprawl, single-family homes, and apartment complexes penned in by West Rock Ridge. From there, the northern half slowly ruralizes with forests and larger lots, Sleeping Giant State Park, the Mount Carmel neighborhood and the pristine campus of Quinnipiac University.
The city of 60,000 features two major museums. The Eli Whitney Museum is a learning center built on the site of the famed inventor’s musket factory. As well, Ireland’s Great Hunger Museum is a tribute and collection relating to the devastating Irish famine.
With all that, Hamden is still the cheapest place to live in South Central Connecticut for renters. The average monthly rent for a one-bedroom apartment runs just $1,421.
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Thirty years ago, Hartford was the largest city in Connecticut. But over the years, a slow population decline and an increase in population along the coast changed that.
Today, the state capital is Connecticut’s fourth-largest city. Yet it’s still most important. The good news is that the population decline has helped keep rent prices down. At $1,400 a month for an average one-bedroom, Hartford is the cheapest big city to live in Connecticut for renters.
It may no longer be the largest city, but the former home of the NHL’s Whalers is certainly the most urban and most global. Hartford is known as the “Insurance Capital of the World,” home to operations of healthcare companies like Aetna, The Phoenix Companies, Prudential, Travelers, United Healthcare and, of course, The Hartford.
But like any good major city, Hartford is also known for its distinctive cuisine and restaurant scene. As one of the nation’s oldest cities, English and Dutch cooking heavily influenced the region. Additionally, interwar immigration brought a large Polish population and with it its cuisine. And its relative proximity to the ocean gave rise to quality seafood fare.
Today, it’s a top foodie destination, with both food trucks and farmers’ markets of particular popularity.
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The community of East Hartford lies, predictably, East of Hartford. The region consists of the Capital Region city land east of the Connecticut River. The complementary city is about two and a half times smaller than its neighbor across the river. But rents in East Hartford run $170 lower. A one-bedroom apartment leases for $1,230 a month on average.
While Hartford is a state government town, East Hartford is an industrial town. More specifically, one industry. The city is the world headquarters of Pratt & Whitney, a large multinational aerospace manufacturer. The company’s massive 1,100-acre campus takes up a large percentage of the city’s land area. And it employs 9,000 workers.
That doesn’t mean East Hartfordites don’t kick back and have fun. The city is home to 40,000 seat Pratt & Whitney Stadium at Rentschler Field. The stadium is home to the University of Connecticut football team and has hosted the US men’s national soccer team and the NCAA lacrosse championships multiple times.
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It’s not anywhere near New York City. It’s not in the Capital Region. The cheapest place to live in all of Connecticut for renters is the small riverside town of Willimantic in the eastern part of the state.
Willimantic is a quaint, placid small college community in the Windham region. And for that woodsy Quiet Corner lifestyle, rent for an average one-bedroom runs just $1,010 a month. That’s over $200 less than anywhere else in the state.
Rustic Willimantic is a former textile hub, known as “Thread City” for the mills along the Willimantic River. Two museums, Windham Textile and History Museum and Connecticut Eastern Railroad Museum, preserve the history of the two industries that defined Willimantic. As well, the town is home to the 4,400 students at Eastern Connecticut State University and its stunning campus.
Willimantic lies about 45 minutes east of Hartford and a little over an hour west of Providence. The town of 18,000 offers several unique cultural sites and events.
The most famous is the annual Boombox Parade. Every Independence Day, residents march the streets with boom boxes tuned to a local radio station broadcasting marching band music. It’s the largest parade of its type in the world.
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Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory as of June 2021. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets.
We excluded cities with insufficient inventory from this report.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Source: rent.com
Designing high-end homes is a multi-layered process rooted in a deep understanding of the homeowner’s lifestyle and personality. While infusing creative distinction and achieving harmonious fusion are the fundamental principles of designing a personalised space, architectural elements such as dynamic scaling, tailored circulation and curated spaces that showcase the occupant’s unique style and personality are essential in transforming a liminal space into a unique yet authentic reflection.
In an interview with HT Lifestyle, Vineeta Singhania Sharma, Founder Partner and Principal Architect at Confluence, highlighted that the fundamental design principle in creating spaces that not only cater to the user’s needs but also reflect their individuality and celeb-like charisma is defining the balance between the unique lifestyle and personality of the client. She elaborated –
According to Kuntal Vyas Aggarwal, Founder and Design Head at Resaiki Interiors and Architecture Design Studio, luxury decor is all about the finer details. He shared, “It begins with meticulous craftsmanship using premium materials like fine woods, metals, and textiles, often employing artisanal techniques such as hand-carving and hand embroidery. Elaborate ornamentation, including decorative mouldings and intricate carvings, adds a sense of grandeur and sophistication. Luxury is further heightened by the inclusion of rare materials like marble, onyx, precious metals, and gemstones, seamlessly integrated into various elements of the space. Customisation is essential, allowing for unique and exclusive designs through custom-made furniture, bespoke cabinetry and personalised finishes.”
The interior decor expert added, “Luxury extends to textiles and fabrics, with high-quality materials like silk, velvet, cashmere, and fine wool, adding visual richness and tactile comfort. Fine art pieces, antiques, and collectables are thoughtfully curated to enhance the decor’s cultural and historical significance. Lighting is carefully considered, with crystal chandeliers and hand-blown glass fixtures creating a beautiful ambience. Achieving symmetry and balance in the design contributes to a harmonious and visually pleasing environment. Modern technology seamlessly integrates into luxury decor, offering convenience through hidden audiovisual systems and automated climate control while maintaining a clean aesthetic. Significantly, luxury decor is balanced with comfort, with plush furnishings, ergonomic designs, and thoughtful layouts, ensuring that these spaces are inviting and relaxing.”
She recommended –
Abundant natural light, premium materials, and architectural details like columns enhance the perception of luxury. The seamless spatial flow between rooms and custom designs tailored to homeowners’ preferences add exclusivity. Integrating outdoor spaces and maximising views contribute to luxury and cutting-edge technology for convenience and entertainment. In summary, luxury decor involves lavish materials and thoughtful, spacious, and well-designed interiors that radiate sophistication and opulence.
2. Integrated home automation: Automation is a defining aspect of luxury decor, infusing convenience, efficiency, and a futuristic feel into living spaces. It embodies modernity and sophistication, meeting the expectations of a luxurious lifestyle. Automation’s contributions to luxury decor include –
⦁ Smart Lighting: Customizable lighting scenes, adjustable intensity, and voice control create a luxurious ambience while saving energy.
⦁ Climate Control: Automated HVAC systems allow personalised temperature control for each room, optimising comfort and energy efficiency.
⦁ Home Security: Advanced security systems with intelligent doorbells and sensors enhance safety and convenience.
⦁ Integrated Audiovisual Systems: Home theatres with automated screens and sound systems provide cinematic experiences.
⦁ Motorized Window Treatments: Remote control of blinds and shades enhances natural light control and privacy.
⦁ Smart Home Control: Centralized automation hubs and voice-controlled assistants offer hands-free management.
⦁ Customizable Scenes: Automation systems enable mood-setting scenes for various occasions.
⦁ Energy Efficiency: Automation features like smart thermostats and lighting controls reduce energy consumption.
⦁ Home Integration: Seamlessly integrated systems enhance user-friendliness.
⦁ Customization: Tailored automation adds exclusivity to decor.
⦁ Future-Proofing: Forward-thinking automation solutions ensure ongoing technological relevance.
Automation defines luxury decor by blending convenience, comfort, and control into living spaces, elevating their functionality and enjoyment.
3. Geographic directions and energies: They play a significant role in defining luxury decor, mainly through feng shui principles and cultural influences. Feng shui considers the orientation of a space, elemental balance, energy flow, natural light, colour choices, materials, and outdoor areas to create a harmonious environment. Luxury decor often aligns with these principles, using favourable orientations, balanced elements, unobstructed energy flow, abundant natural light, and colour associations to evoke opulence.
The choice of materials and textures, personalised spaces, and environmental sustainability further enhance the sense of luxury and well-being. In summary, geography and energy, guided by feng shui and cultural insights, define luxury decor by fostering balance, positive energy flow, and tranquillity, promoting a visually pleasing and harmonious living environment.
4. Meaningful and unique artwork: High-quality artwork is pivotal in defining luxury decor and infusing sophistication, cultural richness, and aesthetic value into a space. Luxury decor prioritises aesthetics, and art serves as a captivating focal point. Artwork with cultural or historical significance adds depth, while exclusivity is achieved through original pieces or limited editions by renowned artists. Art becomes a means of personal expression, allowing homeowners to showcase individuality. It also showcases artistic mastery and can be an investment.
Art influences a room’s atmosphere, scale, and balance, serving as conversation starters and intellectual engagement. Expert curatorial integration ensures seamless and sophisticated incorporation, making art an integral aspect of luxury living environments.
Source: hindustantimes.com
Often recognized as the epicenter of America’s roots, Pennsylvania presents a fascinating blend of history, culture and natural beauty. This state, commonly known as the Keystone State, holds a significant place in the makeup of American history and continues to be a dynamic player in various aspects of modern life.
From lively cities, like Pittsburgh and Philadelphia, to its serene countryside, Pennsylvania encapsulates a unique fusion of old and new. This article delves into what makes Pennsylvania a notable and distinct state to call home, exploring its rich history, strong local economy, abundant natural resources and much more.
Whether you’re considering moving to Pennsylvania, planning a visit or simply curious about what this state has to offer, this exploration will provide a comprehensive understanding of the Keystone State’s multifaceted character.
Pennsylvania, a cornerstone in American history, is renowned for its pivotal role in the founding of the United States. Key historical events, like the drafting and signing of the Declaration of Independence and the Constitution, took place on some of the historic, cobblestone streets of Philadelphia.
The state also played a crucial role in the Civil War, with the Battle of Gettysburg being a crucial turning point in the conflict, forever solidifying the town’s status as one of America’s most iconic battlefields.
The state’s economy is multifaceted, with strengths in manufacturing, healthcare, education and technology. It’s a blend of traditional industries, like steel production in Pittsburgh, and more corporate pursuits, including finance and information technology in Philadelphia.
Pennsylvania is also a leader in energy production, especially with its vast coal reserves and the Marcellus Shale gas field.
Pennsylvania’s natural resources, particularly its extensive forests and major waterways, are significant. These resources not only contribute to the state’s economy but also offer a ton of opportunities for outdoor recreation and relaxation under the Pennsylvania skies.
The Pocono Mountains and numerous state parks provide residents and tourists with outdoor activities like hiking, skiing and fishing.
Pennsylvania’s cities are hubs for arts and entertainment, with plenty of theaters, museums and galleries. Philadelphia’s Museum of Art and Pittsburgh’s Andy Warhol Museum are notable cultural landmarks.
The state also has a strong presence in the music industry, with tons of venues hosting everything from classical concerts to contemporary music festivals.
Five great spots to see a show in Pennsylvania
Pennsylvania is famous for its distinctive food items like Philly cheesesteaks, soft pretzels and Hershey’s chocolate made in the town of Hershey.
The state also has a rich brewing tradition, with a thriving craft beer scene and historic breweries.
Sports are deeply ingrained in Pennsylvania’s culture. The state boasts some of the most passionate fans in the country, particularly for its football teams, the Pittsburgh Steelers and Philadelphia Eagles, as well as their beloved baseball teams, the Philadelphia Phillies and Pittsburgh Pirates.
Pennsylvania is known for its Ivy League schools, like the University of Pennsylvania, but also other prestigious universities like Carnegie Mellon University and Penn State. These higher education institutions are centers for research and innovation. Beyond that, many of the talented individuals that these esteemed schools attract end up sticking around after their four years are up. This is one of the major contributing factors to the state’s respectable entrepreneurial spirit.
Pennsylvania is home to one of the largest Amish populations in the United States, particularly in Lancaster County. This community offers a glimpse into a unique, technology-free lifestyle, a significant draw for tourists and anyone looking for quality furniture at a fair price.
Pennsylvania stands out as a state with a profound historical legacy and an encouraging present. It’s a place where history is not just remembered but is palpably felt in its streets, monuments and museums.
Pennsylvania’s natural wilderness offers a retreat for nature lovers, while its cities pulsate with the type of exciting artistic energy that is indicative of cities on the rise. Pennsylvania is more than just a state; it’s a microcosm of American history, culture and innovation, making it a remarkable place to live, work and explore.
Source: rent.com
Philly’s coolest and trendiest neighborhood, Fishtown is a friendly place of both gentrifiers and long-time residents living in harmony. Former industrial lots and fisheries are now filled with people and purpose for many types. Galleries and public art. Dive bars and trendy taverns. Five-star restaurants and cheesesteak joints. Concert halls and rock clubs. Decades-old businesses and co-working spaces. Fortunately, it’s a dynamic urban cultural neighborhood along the Philadelphia riverfront.
Hipsters, artists, young families, gig economists, third-shifters, start-up entrepreneurs, foodies and of course, the working-class, all call the district home. Rowhouses, mid-rise rentals and loft-style Fishtown apartments line its blocks. In fact, it’s America’s hottest neighborhood. But what is it like to live in Fishtown, Philadelphia?
Fishtown, Philadelphia is just northeast of Center City along the Delaware River. It’s bordered by similar-vibe neighborhood Northern Liberties to the south, up-and-coming Olde Kensington to the west and East Kensington to the north.
North Front Street, East York Street and the river form most of its border. I-95 forms a spine on its east side along Delaware Avenue. The Fishtown Philadelphia ZIP Code is 19125, also shared with the Kensingtons. Also, the neighborhood contains portions of 19123.
Like many gentrifying neighborhoods around the country, Fishtown has seen changes in demographics, increases in entertainment options and shifts in public services.
But Fishtown’s uniqueness lies in how it has been able to grow its new, younger population without pushing out longstanding residents. Considering this, how do some of the neighborhood’s most important community and lifestyle aspects rate?
Nearly everybody lives in Fishtown. Zennials including empty-nesters, moms, recent grads, cops, novelists, homeowners, renters, natives and newbies. People from across the spectrum live in harmony in Philadelphia’s Fishtown.
Demographically, the neighborhood is pretty middle-of-the-road. Over two-thirds of Fishtown households make under $100,000 a year. Over half of residents are between 20 and 44, and half have never been married. Additionally, most have not completed higher than a high school education. Fishtown is overwhelmingly white, numbering over 85 percent compared to 35 percent for the city overall.
Fishtown, as all of Philadelphia, is part of the School District of Philadelphia. Public school elementary school students attend Alexander Adaire School while older kids matriculate at Penn Treaty School for grades six through graduation. The neighborhood features one Catholic school, Saint Laurentius School. While there are no colleges in Fishtown, Temple University is just a mile away.
With gentrification comes security. Compared to some of its rougher neighbors like Kensington or Fairhill, Fishtown is extremely safe. In fact, Fishtown is one of Philly’s top 10 safest neighborhoods. It ranks ninth-best in the city in every category: violent crimes, property crimes and total crimes. Luckily, residents here have just a one in 35 chance of being a victim of a crime. And 88 percent of Fishtowners report the neighborhood as feeling “pretty safe” too.
For nightlife options, no neighborhood can match Fishtown.
If you’re a music fan, you have a run of venue types, including Johnny Brenda’s, The Barbary, Kung Fu Necktie, The Foundry and Fillmore Philadelphia.
The region is one of the best in Philly — if not the entire East Coast — for pizza, Mexican, breakfast and coffee, not to mention Joe’s Steaks, one of the city’s best cheesesteak jawns. Fishtown, also, offers one of the city’s best bar scenes, including Barcade, Murph’s Bar, Lloyd Whiskey Bar and Kraftwork.
Rivers Casino Philadelphia was Philly’s first gaming casino to open. Fishtown features several art galleries like Gravy Studio, Mothership Toy Gallery and Corridor Contemporary. And Fabrika is a unique cabaret space.
Penn Treaty Park is just one of many green spaces in Fishtown, including Palmer Park, Konrad Square and Hetzell Playground. Got a pupper? Palmer Doggie Depot features a cobblestone-lined play area, solar lighting and canine drinking fountains.
Frankly, Fishtown is one of the most convenient neighborhoods in Philly.
SEPTA’s Market-Frankford train line runs along Fishtown’s western border on Front Street. There are stations at Girard Avenue and at Berks Street taking you into Center City in just 10 minutes. SEPTA’s Route 15 streetcar trolley begins by the Fillmore in Fishtown and runs along Girard and Richmond Avenues and all the way to West Philadelphia.
Additionally, Interstate 95 runs along the eastern side of Fishtown, northwest of Delaware Avenue. I-95’s Exit 23 dumps traffic directly into Fishtown at Girard and Delaware Avenues. Via the Interstate, it’s about 15 minutes to both the Philadelphia International Airport or to Camden, New Jersey. Not to mention, the neighborhood offers a walkability score of 91 and a bike score of 84.
The area that is now Fishtown was originally home to the Turtle Clan of the Lenape Native American tribe. But soon came the Swedish settlers, then the Germans, then the British. William Penn made his peace treaty with the Lenape at Penn Treaty Park in 1683.
Likewise, Fishtown was an early hub for Philly’s fishing industry — ergo the name. It was a blue-collar, working-class industrial neighborhood for 325 years.
Fishtown’s rise again began in 2003 — when two entrepreneurs decided to renovate an old boxer’s bar called Johnny Brenda’s into a craft beer and billiards haven with a killer concert venue upstairs. That one push began to transform Fishtown into its booming self today.
Fishtown, Philadelphia is one of Philly’s best ‘hoods for food, drink, coffee, art and entertainment. So what is there to do in the neighborhood? Probably start by eating… a lot.
In a city of neighborhoods, Fishtown is the king mackerel. A neighborhood for foodies, vintage shoppers, beer lovers, headbangers and hipsters, Fishtown has a diverse population of both new and generational, young and old, working and social class.
If you’re willing to pay the price, Fishtown is one of the best neighborhoods in Philly, if not the nation.
Source: rent.com
More home sellers on the East Coast are getting in on the commission lawsuit action.
Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Both lawsuits are seeking class-action status.
Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.
The Florida commission lawsuit was filed by Parker Holding Group, a Panama City-based firm that sold homes in March and August 2021, in Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County.
Defendants in the lawsuit include the Florida Association of Realtors, the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. Brokerages named in the suit include The Keyes Company, LPT Realty, Charles Rutenberg Realty, Charles Rutenberg Realty-Orlando, United Realty Group, The K Company Realty, Florida Homes Realty & Mortgage, Dalton Wade, Avanti Way Realty, MVP Realty Associates, Florida Realty of Miami, Lifestyle International Realty, Watson Realty, Premiere Plus Realty, Future Home Realty and Michael Saunders & Company.
Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”
Because this is a state lawsuit, the complaint claims the alleged behavior is in violation of the Florida Antitrust Act of 1980 and the Florida Deceptive and Unfair Trade Practices Act, and not the Federal Sherman Antitrust Act.
The complaint names local Realtor associations, MLSs and the brokerages’ employees and agents as co-conspirators, accusing them of using their control over the state’s Realtor association-affiliated MLSs to impose rules from NAR that allegedly promote anticompetitive practices.
“In a raw demonstration of market power, the Florida Realtor MLSs overturn the natural order of a rational price system where home sellers and home buyers each separately bargain and pay for the services provided to each of them,” the complaint alleges.
The proposed class for the suit includes all Florida citizens who have sold a property through one of the state’s Realtor association-affiliated MLSs and paid a buyer broker commission between Dec. 4, 2019 and the present.
The plaintiffs are demanding a jury trial, treble damages, coverage of the cost of the suit and a permanent injunction “to permanently enjoin and restrain Defendants from establishing the same or similar rules, policies, or practices as those challenged in this action in the future.”
In an email, Florida Realtors’ general counsel Juana Watkins wrote that the group denies these allegations.
“Florida Realtors will defend against this action,” Watkins wrote. “Florida Realtors® stands by the value of the professional expertise that its members provide to their clients. Going forward, Florida Realtors® does not comment on pending litigation.”
Juan Baixeras, the broker/owner of family-run Florida Realty of Miami, said he is hopeful that the state Realtor association will help him out and offer guidance.
“These allegations are absurd. It’s just law firms trying to cash in on the previous success of the other lawsuit,” he wrote in an email. “We have never fixed prices. Our commission has always been negotiable. We are a 100% commission office, we get paid a flat fee of $355 no matter what commission comes in. So, price fixing commissions would not help us at all, we would still make $355.”
Another commission lawsuit in Pennsylvania was filed by Homesellers Spring Way Center, John and Nancy Moratis and Nancy Wehrheim in U.S. District Court for the Western District of Pennsylvania. Defendants in the suit include West Penn MLS, a local broker-owned MLS that is not affiliated with NAR, and eight local brokerages, including Berkshire Hathaway HomeServices The Preferred Realty, NRT Philadelphia LLC, Piatt Sotheby’s International Realty, NextHome PPM Realty, NextHome Dynamic, Realty One Group Gold Standard, Realty One Group Platinum and Realty One Group Horizon.
Despite not being affiliated with a Realtor association, West Penn MLS has adopted a rule similar to NAR’s Participation Rule.
The complaint alleges that the rule is anticompetitive because “it compels the seller to compensate the broker representing the purchaser even though that broker should be working for the purchaser, not the seller; it mandates a ‘blanket offer,’ meaning that the same compensation must be offered to every buyer’s broker, regardless of skill, experience, or the services provided; and it has the effect of encouraging ‘steering’ by buyer-brokers, because it incentivizes them to direct their clients to properties with higher commission offers.”
The Center suit complaint cites the Sitzer/Burnett case, stating that the defendants’ alleged practices “are not unique; rather, they are part and parcel of nation-wide collusion within the real estate industry to maintain inflated commissions.”
The lawsuit also names co-conspirators, including “local and state Realtor associations,” as well as “other brokerages within that geographic area.”
The proposed class for the lawsuit includes all home sellers who used a listing agent or broker affiliated with or employed by one of the brokerage defendants in the sale of a home listed on the West Penn MLS, and who paid a commission to the buyer’s broker.
This suit also demands a jury trial, treble damages, coverage of the cost of the suit and a permanent injunction “enjoining Defendants from (1) requiring that sellers pay the buyer broker and (2) continuing to restrict competition among residential real estate brokers in the manner set forth above,” according to court records.
The two new commission lawsuits are just the latest in an ever-growing pile of copycat cases that have been filed since late October when a Missouri jury found the real estate industry liable for colluding to artificially inflate agent commissions in the Sitzer/Burnett trial. A motion for injunctive relief has yet to be filed in that lawsuit and a final ruling from the judge is not expected until spring 2024.
Editor’s note: HousingWire reached out to all of the defendants in the latest lawsuits for comment and will update this story as comments are returned.
Source: housingwire.com
Inside: Balancing a shoestring budget is possible and provides great rewards. With savings and budget strategies, you will find genius tips to manage your finances smartly!
With the rise of economic inflation, a growing number of people are finding the need for shoestring budgets to effectively navigate through their expenses.
Whether it’s planning for a low-cost holiday, initiating a frugal home makeover, or launching a start-up business with minimalist funds, the concept of a shoestring budget comes into play.
Moreover, it’s not only limited to low-income families but also extends to larger households and entrepreneurs that need to strategically lessen costs to achieve their goals. This is how many people reach financial independence sooner.
Then, let’s talk about a shoestring budget – an effective tool used to stretch finite resources, manage money wisely, and achieve financial goals, all while minimizing expenses.
If you’re familiar with the feeling of every dollar in your wallet counting, then this blog post is for you.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
A ‘shoestring budget’ means to accomplish a task or a project within a very limited or bare minimum budget. The shoestring budget work strategy involves curbing discretionary spending dramatically to take care of high-priority expenses.
Understood across various contexts like travel, events, and lifestyle, the term implies an approach of resourcefulness and discovery of low-cost alternatives to achieve desired results.
Not exclusive to households with low incomes, working with a shoestring budget expresses the art of making what’s deemed impossible possible, navigating time constraints, and maximizing minimal available funds.
According to Merriam-Webster, the official definition of a shoestring budget is: 1
“involving a relatively small amount of money for planned spending.”
The phrase ‘shoestring budget’ has an intriguing origin story that dates back to the 1800s in the United States. Fact-checks reveal that this term is indeed a reference to the precarious nature of a thin and weak shoestring, metaphorically implying a scarce and strained budget.2
Several theories have been proposed regarding its original use.
Despite the debates around the phrase’s exact origins, it is undisputed that it signifies a tight budget situation.
Living on a shoestring budget can be challenging but doable with a bit of dedication and planning.
The key to surviving a shoestring budget is self-control and determination to avoid impulsive spending.
Your goal is to prioritize essential needs over wants – a no spend challenge will help you with this. Remember, regular tracking and analysis of your personal site usage can provide valuable insights to manage your budget better.
Embarking on an adventure while on a shoestring budget requires creativity and pre-planning.
With careful planning, traveling on a shoestring budget can make your journey all the more rewarding and memorable.
Saving money while on a shoestring budget might appear challenging, but it’s not impossible. Begin by monitoring your expenditures and identifying areas where you can potentially save money. Also, consider substituting costly activities with more affordable or free ones.
Every small action counts when you’re on a shoestring budget, and these savings accumulate over time. Remember, consistent small savings can make a significant difference in the long run.
Starting a business on a shoestring budget requires careful financial planning and innovative thinking. Indeed, it may sound challenging, but numerous shoestring startups have surged to success by optimizing their business budgets. It is all about crafting a solid business plan that clearly delineates your budget and the efficient utilization of each dollar.
Maintain focus on essential expenses only. These expenses might include mandatory licenses, essential software for business operations, or even crucial industry-specific tools. Leverage your personal and professional networks for free advice and resources.
Also, make the most of free or low-cost online marketing strategies as these can be vital to shoestring business budgets. You can use effective strategies, like using different social media platforms for marketing or creating a blog, to broaden the reach of your business.
Remember, having the capital to start is important but it’s secondary to a truly novel idea, intense hard work, and a strategic approach. So, let your creativity thrive and work passionately towards growing your business.
A shoestring budget is not always related to bigger projects. It can also refer to the scenario where the money required for daily expenses, buying an item, or completing a project isn’t enough. Here, the person has to be creative and find ways to stretch the money to make ends meet.
In this section, we will present practical advice for managing a shoestring budget, derived from case studies of my readers and my own personal experience who have thrived despite financial limitations.
Whether you are budgeting on a low income or looking to reach FI number faster, this guide has you covered.
Before you embark on your journey of living on a shoestring budget, the first step is to define a realistic budget.
A well-defined budget will be your roadmap to financial management success.
Remember, the goal is to live within your means but also to ensure you aren’t depriving yourself.
A proven way to save money on a shoestring budget is to make saving automatic.
In such a method, you can set up an automatic transfer when you get paid. Another idea is to use Acorns, which rounds up purchases made with your debit card to the nearest dollar and deposits the change daily into your savings account.
Essentially, you’re saving without even noticing it! These little amounts add up over a period and can really bolster your savings.
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One of the most effective ways to operate within a shoestring budget is by reducing expenses. These can be small lifestyle changes, like cutting back on takeaways and preparing meals at home, walking or cycling instead of driving short distances or canceling unused subscriptions.
Specifically, you are looking to cut back your flexible expenses the most.
Alongside cutting back on expenses, we continually stress the importance of finding ways to supplement your income. This could be from a side hustle, passive income, part-time job, or even a pay raise.
This additional income can help ease pressure on your shoestring budget. Also, it might provide an opportunity to explore new interests or passions. By diversifying your income streams, you make your financial situation more secure and flexible in unexpected circumstances.
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When it comes to saving money on a shoestring budget, the key is to utilize free resources and focus on essentials before spending money.
Thankfully, there are many vital ways to do this:
Leveraging such resources can have a significant impact on your budget, leading to substantial savings for other meaningful expenses.
Another wise strategy when operating on a shoestring budget is seeking out deals and using coupons whenever possible. This game-changing approach can be applied to your grocery budget, dining, clothing purchases, and even travel.
Search for coupons in newspapers, magazines, or on coupon websites. Perhaps, subscribe to newsletters from your favorite retailers, a move that will provide straightforward access to information about sales and discount codes. Be mindful while shopping online or in stores, and always remember to rein in impulses, checking for any available discounts before purchasing.
Moreover, take advantage of holiday sales or Amazon Prime Day for larger purchases. Taking a little extra time to hunt for the best deals can significantly cut down your expenses and help you stick to your shoestring budget.
Leveraging what you already have in your household is another fantastic way to save money.
Start treating everything in your house as a resource with a specific purpose and value, including leftover food, old clothes, and used furniture. Every household item utilized efficiently can add up to visible savings over time.
Perhaps the most crucial aspect of managing a shoestring budget is identifying and eliminating unnecessary expenses. These could include subscriptions to magazines or online services that you hardly use, dining out frequently, or buying expensive coffee daily.
Analyze where your money is going every month. You’d be surprised how the smallest changes can have a big impact on your budget. Eliminating even a few unnecessary monthly expenses can add up to substantial yearly savings.
Remember, the key is not to deprive yourself of everything but to find that balance between living comfortably and within your means.
Want to slash a significant expense of your shoestring budget by considering ways to reduce your rent or mortgage payments? Could you move to a more affordable area or a smaller property?
Lowering these substantial expenses can make a huge difference in your budget, allowing you to allocate funds to other pressing areas, save, or even invest in building wealth.
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When managing a shoestring budget, it can be helpful to get creative with the way you pay your bills. Sometimes, splitting payments between paychecks or paying on certain days can make managing your budget easier.
You could also consider bill negotiation services or check if you qualify for reduced rates based on your income. If meeting all payments becomes too strenuous, communicate with your service providers about it. They may have hardship programs or payment plans to assist during tough financial periods.
Remember, the key is to avoid late fees or penalties that could further strain your budget.
Make the most of technology to manage your shoestring budget. There are numerous mobile apps and online resources to help you track your expenditures, save money, pay bills, and even invest.
Budgeting apps can help you keep track of your income and expenditure, warn you when you’re nearing your limit, and provide valuable insight into your spending habits. Digital wallets can help you make secure transactions without the fear of losing cash.
Moreover, there are apps and websites to compare prices of different products, get the best deal alerts, apply instant coupons, or even earn cashback like Rakuten.
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As a fun and effective way to boost your savings, consider embarking on a mini savings challenge! These challenges break the intimidating concept of saving into manageable, small steps. They can vary based on duration and the amount you’re aiming to save.
For example, in a 52-week challenge, you save $1 in the first week, $2 in the second, and so on, until you’re saving $52 in the 52nd week. By the end of the year, you’ll have saved $1,378!
Not only does it make saving fun, but it also allows you to develop a consistent saving habit, crucial when budgeting on a shoestring.
Managing finances on a shoestring budget can be a daunting task, but with the right strategies in place, it can become a way to achieve financial health.
This is something I did when I was a stay-at-home mom looking for ways to make money.
In the grand scheme of things, managing a shoestring budget is less about the money and more about your mindset. Yes, limited resources can present challenges, but your attitude and creativity can make a difference.
Embracing frugality, taking control of your financial choices, and building resourceful strategies can turn your constraints into opportunities.
Money comes and goes, but the ability to manage it effectively is a life skill that will always be beneficial. The real wealth lies in your ability to live within your means and make the most of what you have – turning your shoestring budget into a stepping stone towards financial independence and stability.
Remember, every journey starts small.
Day by day, these tips can help you improve your financial stability and achieve your goals, regardless of your budget size.
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Source: moneybliss.org
Set along the sun-kissed shores of Panama City Beach, Florida, a former celebrity residence resurfaced on the market after an extensive makeover — unveiling picture-perfect interiors, a beachfront location that dreams are made of, and a substantial appreciation in value.
Formerly owned by All-American & NFL linebacker-turned-Emmy-winning producer/actor Matt Battaglia, the property at 517 Beachside Gardens has undergone an extensive renovation, transforming it into a coastal masterpiece that blurs the line between luxury and paradise.
As the property graces the market once again, its allure is not just in its pristine design but in its substantial transformation of value.
Listed at a (somewhat) modest $6.95 million in 2019, this beachfront gem has now doubled in price, a testament to the irresistible combination of impeccable style and an enviable Gulf-front setting.
And we’re here to take you on a tour of the $12,900,000 house, now listed for sale with Lesly Simon of Corcoran Reverie.
Situated on over an acre, the property boasts an impressive 197 feet of Gulf frontage, showcasing panoramic views of the famed turquoise-hued waters of the Emerald Coast and sugar-white sand.
Nestled within the exclusive Carillon Beach community, the residence spans over 6,000 square feet across three meticulously planned levels.
With a focus on seamless indoor-outdoor living, the Florida house was beautifully redone by Jennifer DiCerbo of The French Mix out of Lafayette, LA.
The first level features a spacious living area, wet bar, and direct access to the outdoor oasis, including a private pool, sunning deck, and a covered porch with a gas fire pit.
Three luxurious bedroom suites, a laundry area, and a powder room provide convenience and comfort on this level.
On the second level, the main living area, dining room, and gourmet kitchen open onto expansive wrap-around porches, totaling over 2,000 square feet of outdoor living space.
The kitchen is designed for entertaining, equipped with custom cabinetry, an oversized island, walk-in pantry, wet bar, and professional-grade appliances. Additionally, an office area and powder room are located on this floor.
The topmost level features two main bedroom suites, each with a carefully curated design, direct porch access, walk-in wardrobes, and luxurious ensuites. A sitting area with a wet bar and a dedicated laundry center add to the convenience.
Connected by a covered breezeway, the self-sufficient coach house provides two additional bedroom suites, a fully equipped kitchen, and covered patio space, offering a private retreat for guests.
The property is part of the sought-after Carillon Beach community, offering residents a host of amenities, including a monitored gate with 24-hour security, three community pools, a children’s park, basketball and tennis courts, pickleball courts, walking trails, a meeting house, and the charming Market Street town center.
With over 3,900 feet of beach frontage, Carillon Beach remains one of the most desirable luxury communities in Northwest Florida.
With its prime location near world-class dining and entertainment venues along 30A and Panama City Beach, the property not only represents a sound real estate investment but also an opportunity to embrace the coveted coastal lifestyle in one of the most sought-after communities in Northwest Florida.
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Source: fancypantshomes.com