Who are ITIN borrowers? An ITIN is issued by the IRS to individuals who need to pay taxes, but are not eligible for a Social Security number. Some may have entered the country legally but overstayed their visas, while others may have crossed borders illegally. Regardless of their immigration status, Senko notes that many of … [Read more…]
The reverse budgeting method is an approach that prioritizes savings. Budgets typically start by looking at monthly bills and expenses and allocating whatever is left over to saving. Reverse budgeting turns this approach on its head — it considers savings first and spending second.
Also known as the “pay yourself first” method, reverse budgeting starts by allocating a certain amount of your monthly income to your savings goals (such as retirement or an emergency fund). Whatever is left over after that is how much you have to spend. Essentially, it involves pretending that your paycheck is smaller than it actually is.
If your top goal is saving or you’ve tried budgeting in the past without complete success, the reverse budget might be for you. Here’s what reverse budgeting means and how it works.
Key Points
• Reverse budgeting prioritizes savings by allocating a portion of income to savings goals first, then spending the remainder on other expenses.
• Reverse budgeting simplifies budgeting since you can focus on saving a predetermined amount and then spend the rest as needed or desired.
• The reverse budgeting method can help achieve financial goals faster and allows guilt-free spending within remaining income limits.
• Reverse budgeting may not be ideal for those with high-interest debt or irregular income.
• Automating savings and periodically reassessing the budget are key steps to making reverse budgeting work effectively.
The reverse budgeting method prioritizes setting money aside for your savings and investing goals. This might include building an emergency fund, saving for a new car or down payment on a house, or investing for retirement. Once that money has been set aside, the rest of your income can be used to cover your living expenses.
Reverse budgeting usually involves setting up automatic contributions to savings, typically on payday. As a result, the money leaves your bank account before you get a chance to spend it. That’s why this method is also known as the “pay yourself first” approach.
Making a budget typically involves listing all of your monthly expenses and assigning a portion of income to each category (e.g., housing, groceries, transportation). The goal is to ensure that expenses don’t exceed income, and any leftover funds can be saved or invested. This approach often requires meticulous tracking and discipline to avoid overspending in any category.
By contrast, reverse budgeting starts by looking at your financial goals and the things you want to save for. It helps you determine how much you need to put aside each month to accomplish them. You then subtract that sum from your monthly pay; what’s left is how much you have to spend on everything else.
No account or monthly fees. No minimum balance.
10x the national average savings account rate.
Up to $2M of additional FDIC insurance.
Sort savings into Vaults, auto save with Roundups.
Creating a reverse budget tends to be less complicated than setting up other types of budgets. It doesn’t require establishing spending categories and totals for how much you will spend on each. That said, there are a few steps involved. Here’s a look at how to do a reverse budget.
To know how to set your savings goals, you’ll need to get a general sense of your current cash flow. You can do this by pulling the last few months of financial statements, then adding up how much is coming in and going each month on average. You might also want to make a list of your essential monthly expenses, as well as how much you tend to spend each month on nonessentials.
This type of spending audit will give you a clear picture of your spending patterns. It can also help you identify any discretionary spending you may be able to reduce to accommodate your savings goals. There are also budgeting apps that can do a lot of this work for you. Start by seeing what your financial institution offers that could help with this process.
Next, you’ll want to think about your savings goals. These might include building an emergency fund, saving for a down payment on a house, doing a home renovation, going on a vacation, paying for a wedding, contributing to retirement accounts, or any other financial objectives.
You’ll likely want to set your savings goals in terms of dollars as well as the timeframe within which you want to work.
Once you’ve identified your savings goals, you might pick just a couple to start with. For each, as noted, you’ll have determined how much money you’ll need, along with a realistic timeline for reaching the goal. With that information in mind, you can then allocate a portion of your income to each goal.
For example, if you want to save $5,000 for an emergency fund over the next year, you would need to save approximately $417 per month.
As you go through this step, you’ll want to be realistic about how much you can afford to siphon off your paycheck for savings. It’s important to have enough spending money left over to cover your bills and also have some fun.
Recommended: 10 Most Common Budgeting Mistakes
To ensure consistency and reduce the temptation to spend your savings, it’s a good idea to automate the saving process. If you have a 401(k) at work, you can do this by letting your employer know how much of your paycheck to put into your retirement account.
For shorter-term goals, consider setting up an automatic transfer from your checking account to a savings account for the same day each month, ideally right after you get paid. Some employers even allow you to split up your direct deposit into two different bank accounts.
Once you’re living on your reverse budget, you may find that you don’t have enough wiggle room to comfortably cover your bills and everyday spending. Or you might realize that you can afford to put more money towards savings and, in turn, reach your goals faster. Either way, it’s important to periodically reassess your reverse budget and, if necessary, make some adjustments in your savings rate.
This is especially important as your life circumstances and financial goals change. If you get a raise, for example, consider increasing your savings rate (this can help you avoid lifestyle creep). Conversely, if you encounter unexpected expenses, you may need to temporarily reduce your savings rate to accommodate these costs.
As with any financial strategy, reverse budgeting has its advantages and disadvantages. Understanding these pros and cons can help you determine if this method is right for you.
First, consider the upsides of reverse budgeting:
• It can help you reach your goals faster: One of the main advantages of reverse budgeting is that it takes savings right off the top of your paycheck. This can help you build an emergency fund, save for a major purchase, or invest for retirement more quickly than traditional budgeting methods.
• Low maintenance: Reverse budgeting simplifies the budgeting process. Instead of meticulously tracking every expense category, you focus on saving a predetermined amount and spend the remainder as you see fit. This low-maintenance approach can be particularly appealing for those who find traditional budgeting too time-consuming and/or restrictive.
• Spending without guilt: With reverse budgeting, you can enjoy spending within the limits of your remaining income. Since your savings goals are already met, you have the freedom to spend on discretionary items without worrying that you are derailing your future progress.
In these ways, the reverse budgeting method can help you prioritize savings and achieve financial security.
Recommended: The Most Important Components of a Successful Budget
Next, keep these potential downsides of reverse budgeting in mind:
• It could lead to overspending: Since reverse budgeting doesn’t require setting up spending categories and strict spending limits for each one, you could end up overspending on certain things. Then, you might have to dip into savings to cover the shortfall.
• You might be better off focusing on debt: If you have high-interest debt, paying down those balances could provide a better return on investment than saving or investing. If this is the case, a more traditional budgeting approach that prioritizes debt repayment might be more effective.
• Not ideal for people with variable income: Reverse budgeting generally depends on earning a set amount of money each month. For people with variable income, such as freelancers or those with seasonal work schedules, maintaining a fixed savings rate could be challenging.
Reverse budgeting, also known as the “pay yourself first” method, prioritizes saving and simplifies the entire budgeting process. By automating saving, it also reduces the chance that you’ll spend money today that you were intending to set aside for the future. However, reverse budgeting may not be the best approach if you have a lot of high-interest debt or your income fluctuates. You might be better off with another budgeting technique.
Choosing the right banking partner can also help you budget more effectively.
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Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 4.50% APY on SoFi Checking and Savings.
Reverse budgeting helps with saving money by prioritizing savings over expenditures. With this approach, you allocate a set percentage or amount of your income to savings first and then use the remaining amount to cover your expenses. This ensures that you don’t spend money you were planning to use for future goals.
Reverse budgeting can be challenging for those with irregular income, such as gig workers. Here’s why: It relies on setting aside a certain amount of money into savings each month — before other expenses are paid. If your income fluctuates significantly, it may be difficult to meet your savings goal monthly.
However, you may be able to make it work by taking a flexible approach. For example, you might set a minimum savings rate based on your lowest expected income and then, during higher-income months, increase your savings contributions. Building an emergency fund can also help smooth out the fluctuations.
Reverse budgeting isn’t ideal for paying off debt, since it focuses on saving first, which can divert funds from debt repayment. If you have significant high-interest debt, prioritizing debt repayment might provide better financial benefits in the long run compared to the returns from savings or investments.
However, you might consider a hybrid approach — allocating a portion of your income to debt repayment and another to savings, ensuring you address both goals.
Photo credit: iStock/Goodboy Picture Company
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The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.
SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. SoFi members with direct deposit are eligible for other SoFi Plus benefits.
As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.50% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 8/27/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
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.
SOBNK-Q324-035
Source: sofi.com
Tucked along California’s sun-drenched coast, Santa Barbara is renowned for its stunning beaches, charming Spanish architecture, and extensive wine scene. But beyond the iconic palm-fringed shores and bustling State Street, this coastal city offers a wealth of unique experiences that go beyond the ordinary tourist trail. Santa Barbara invites explorers to uncover its lesser-known treasures and discover more than what it’s more commonly known for.
Whether you’re searching for a cozy home in Santa Barbara, exploring available apartments, or looking for a rental property, you’re in for an exceptional experience. If you’re eager to go beyond the basics and uncover unique things to do in Santa Barbara, keep reading to discover the city’s enchanting side and see what makes Santa Barbara an extraordinary place to consider moving to.
Eating local in Santa Barbara is a culinary adventure that highlights the region’s rich agricultural bounty and coastal flavors. From farm-to-table restaurants to vibrant farmers’ markets, you can savor dishes crafted with fresh, seasonal ingredients. Embrace the local food scene by dining at charming bistros, exploring artisanal food shops, and enjoying seafood that reflects the city’s maritime heritage.
Across the street from Santa Barbara’s pristine East Beach sits Convivo Restaurant & Bar, a “Nomad Italian” restaurant, featuring expansive patios with views of the sparkling Pacific Ocean. Indulge in their seasonally changing menus that include consummately crafted cocktails and spectacular seafood starters. So settle in, savor delicious wood-fired pizza, and let the calming sounds of the ocean enhance your dinner.
Each week, Aperitivo spotlights a different Italian region, showcasing its distinctive flavors and wines. When joining their pasta club, you’ll enjoy freshly handmade pasta paired with house-made sauces and expertly chosen wines from the featured area. Every gathering features unique recipes and cooking techniques, creating a vibrant community experience centered around a shared love of Italian cuisine.
Indulging in brunch is not a feat that someone often regrets. Take in the joys of brunch at Scarlett Begonia, an innovative, sustainable restaurant found right off State Street. From the delectable Yukon Gold Cinnamon Roll to the exquisite Smoked Salmon on Brioche, these dishes just touch the surface of a wide range of brunch-focused dishes featuring organic eggs and sustainable meat and fish.
Exploring wineries in Santa Barbara County is a captivating journey through stunning landscapes and world-class wine. The region’s diverse terroirs produce a range of exceptional wines, from crisp Chardonnays to bold Syrahs, each reflecting the unique character of the area. The experience offers not just an opportunity to savor fine wines but also to immerse yourself in the beauty and charm of California’s Central Coast.
From their comprehensive farm-to-table menu to the award-winning wine, Vega Vineyard is an absolute must-visit. Beyond the exceptional food and wine, Vega boasts a working farm, tractor rides, a petting zoo, a playground for kids, and even cabana rentals. It’s a unique destination where you can easily spend an entire day enjoying a wide range of activities.
Presqu’ile is a winery dedicated to the relentless pursuit of growing and crafting cool-climate premium wines. From an elegant Pinot Noir to a méthode champenoise sparkling wine, the family winery works to express the estate and select sites in Santa Barbara County. Rooted in the family’s tradition of warm and welcoming Southern hospitality, Presqu’ile provides an unparalleled guest experience.
Embark on a wine adventure with a personalized tasting tour with Rooted Vine Wine Tours, featuring family-owned and independent wineries. Explore unique varietals with fascinating histories, savor a gourmet picnic lunch, and meet passionate local winemakers dedicated to their craft. The tour guide can pick you up from your home or hotel, so you can relax without worrying about driving or parking.
Taking a wine-tasting tour in Santa Barbara County on a party bus elevates the experience with a blend of fun and luxury. Golden Rooster Transportation provides a festive atmosphere, complete with extensive wine country knowledge that makes each stop at award-winning wineries even more enjoyable. This vibrant approach allows you to fully savor the region’s exceptional wines without the hassle of driving or logistics and is a unique thing to do in Santa Barbara.
Horseback riding on the beach is a unique activity to do in Santa Barbara that combines the thrill of equestrian adventure with the stunning beauty of the coastline. As you ride along the sandy shores with Summerland Beach Rides, you can enjoy panoramic ocean views and the soothing sounds of the waves. It’s a unique way to connect with nature and explore Santa Barbara’s scenic beauty from a different perspective.
The Red Piano is Santa Barbara’s premier piano bar, where live music, audience sing-alongs, and expertly crafted cocktails create a one-of-a-kind experience. Situated on Lower State Street, this lively venue offers a dynamic atmosphere where performers keep the energy high and every night turns into an unforgettable celebration. Whether you’re new to town or a seasoned local, The Red Piano is the place to make lasting memories.
A visit to a cupcake café is a delightful treat for the senses, offering a charming and cozy atmosphere where you can indulge in a variety of delectable cupcakes while sipping fine-brewed coffee.
“Someone new to or visiting Santa Barbara should make the time to visit Crushcakes & Café, whether it be for a cupcake and some coffee or for their delicious breakfast, brunch, and lunch options,” shares Karyn Laver, director of The Dance Network, a dance studio in Santa Barbara. “This locally owned restaurant has been one of my favorite places to go since they first opened in 2008 and they never disappoint.”
Each bite-sized creation is often a work of art, with unique flavors and creative toppings that cater to every palate. The café’s inviting ambiance makes it an ideal spot for a casual catch-up with friends or a sweet escape from the everyday hurry.
Venturing into an art gallery provides a serene space for reflection and inspiration, making it an ideal spot to appreciate both local and international talent. Each exhibit invites you to engage with art in a meaningful way, enriching your visit to Santa Barbara. At Elizabeth Gordon Gallery, you can explore a diverse array of artworks, from contemporary pieces to modern works. Looking for a new monthly adventure? Every month, they host a First Thursday event for locals and visitors to enjoy and take in the masterpieces as a unique thing to do in Santa Barbara.
A must-visit spot in the city is Cajé, where they’re renowned for their inventive coffee cocktails and unmatched atmosphere. This stylish café combines innovative drinks with a warm, inviting vibe, making it the perfect spot to unwind or socialize. With their craft coffee blends to delicious and ambitious cocktails, Cajé is a unique thing to do in Santa Barbara.
Enjoying fresh seafood is another unique thing to do in Santa Barbara, thanks to the region’s rich maritime heritage and proximity to the ocean. From succulent shrimp and perfectly grilled fish to delectable calamari, local seafood restaurants offer a range of dishes that highlight the freshness and quality of the catch.
“If you’re new to Santa Barbara and love fresh seafood: wake up early Saturday morning and head down to the Saturday Fisherman’s Market on the pier at the harbor, “ says Benjamin Silver at Silver Wines. “My favorite business is Garrigan Seafood, where the fishermen catch fresh Spiny Lobster, Rock and Spider Crab, and Rockfish throughout the year.”
Dining on fresh seafood by the sea not only provides a taste of the ocean but also a glimpse into the region’s vibrant coastal culture.
The Funk Zone in Santa Barbara is a vibrant, eclectic neighborhood known for its artistic and creative atmosphere. Located between State Street and the waterfront, this area is famous for its colorful street art, craft breweries, and wine-tasting rooms.
Melissa Hopf with Totally Cali Tours shares that at Fox Wines, a spacious warehouse-like space filled with a collection of local food/drink and art-focused businesses, you can enjoy regional wines that highlight the best of the area while grabbing farm-to-table bites from The Nook. The space is filled with local art and frequently hosts pop-up events featuring local artists and craftspeople, as well as live music.
For beer lovers, Topa Topa Brewery and Lama Dog Tap Room + Bottle Shop are also in the same building, offering a great selection of local brews.
Wallace Piatt, owner and operator at Rodeo Art Gallery, shares his favorite pastime in the city, “Take a walk down Cabrillo Blvd beachside through The Funk Zone for a true American Riviera experience. Pop into Flor de Maiz or Oku, which is on your way to our own creative corner,” Piatt continues. “Stop by the famous boutique, Loveworn, and Rodeo Art Gallery—all of which are located within just two minutes of each other.”
Located right next to the waterfront, the Funk Zone is the perfect place to explore one of Santa Barbara’s coolest neighborhoods and easily try out a unique thing to do.
Attending a ballet performance is a mesmerizing experience that combines grace, athleticism, and artistry. As you watch the dancers glide across the stage, their elegant movements and expressive choreography bring the music to life in a captivating way. Santa Barbara Festival Ballet is celebrating its 49th Nutcracker Anniversary at the historic Arlington Theatre this year with a live symphony orchestra. Whether it’s a classic ballet or a contemporary work, the ballet offers a unique and enchanting escape into the world of dance and creativity.
In addition to putting on stunning performances, Santa Barbara Festival Ballet also provides exceptional training for dancers, new and experienced, with a personalized touch to help each artist grow uniquely and confidently.
Third Window Brewing offers a unique ranch-to-beer garden experience. Sourcing wheat, oak, and beef from their family-owned ranch in Los Olivos, they craft estate beers, oak-smoked BBQ, and wood-fired pizzas. On tap, you’ll find award-winning Belgian-inspired beers brewed on-site, along with wagyu smashed cheeseburgers, fries, and milkshakes. Don’t miss their weekend and nightly specials featuring Texas-style BBQ, house-made pretzels, tri-tip sandwiches, and FP Ranch steak dinners. With its lush, laid-back beer garden welcoming people and pets, it’s the perfect spot for great food, refreshing drinks, and friendly faces.
The Museum of Sensory & Movement Experiences is an immersive destination dedicated to exploring the evolution of interactive art. Through a rich array of experimental time-based installations—both contemporary and historical—the museum invites visitors to embark on a captivating journey through the development of interactive artistic expressions. Each exhibit is designed to engage the senses and provoke reflection, offering a hands-on experience of how art has evolved over time.
Complementing this experience, in the same building, The Arts Fund Community Gallery provides a vibrant platform for local talent. By presenting thought-provoking and dynamic works, the gallery plays a crucial role in celebrating and advancing the local art scene, making it an essential part of the museum experience. Together, these two spaces create a comprehensive exploration of art, blending historical context with contemporary innovation and local creativity.
Santa Barbara is not only one of the most beautiful towns in California, but it’s also an ideal spot for learning how to surf. There’s no better way to experience the charm of a beach town than taking in the coastline from the ocean. The perspective from the water is mesmerizing and humbling.
“I went to college at UC Santa Barbara and lived in ‘SB’ (as the locals call it) for over 10 years. During my time in SB, I fell in love with this enchanting town, where a stunning mountain backdrop meets the sparkling sea,” says Vanessa Rivers, founder of Surf Lessons with Vanessa and co-founder of We Are Travel Girls.
“If you’re visiting or live in Santa Barbara, I highly suggest surfing at Mondos, which is, in my opinion, the very best place to learn on the West Coast,” suggests Rivers. “People call Mondos the Waikiki of California because it offers a long, mellow wave and a shallow sand bottom, making it easy to paddle out and catch waves.”
Set sail on a dolphin cruise and immerse yourself in the enchanting world of these playful marine mammals. Betsy Woyach, owner and director of Momentum Dance Company, recommends, “Take the time to experience the Double Dolphin Cruise from Santa Barbara Sailing Center. This experience is quintessential Santa Barbara—the wharf, the views, the ocean, it’s a definite 10 out of 10 experience.”
As you glide across the shimmering waters of the Pacific Ocean, watch in awe as dolphins dance and leap beside your boat, creating memories that will ripple long after the journey ends.
Crafting the perfect itinerary for a day in this coastal city involves a blend of sightseeing and delicious food. Need a hand putting together the perfect day of unique things to do in Santa Barbara? Captain Spencer MacRae, co-owner with his wife, Courtney, of SunSwept Sailing has it all figured out. “Our family has called Santa Barbara home for seven generations and loves ‘touristing’. If you are looking for the quintessential Santa Barbara experience, we suggest starting with a sunrise hot air balloon ride with Sky’s the Limit Ballooning over the vineyards of the Santa Ynez Valley.
“Then visit one of the amazing bakeries, like Mortensen’s Danish Bakery, before starting a wine tour with Rooted Vine Tours complete with lunch and local Olive Oil Tasting at Rancho Olivos,” suggests MacRae. “Finish off the afternoon aboard Yacht Kelpie for an authentic sailing experience along the American Riviera with SunSwept Sailing.”
MacRae also recommends ending the night at a beloved dining spot. “Top off the evening with casual fine dining and drinks at Toma, an Italian seafood restaurant across from the harbor. As a bonus, if the weather is lovely, spend an extra day exploring the Channel Islands National Park and Marine Sanctuary.”
From world-class wineries and charming local boutiques to exhilarating outdoor adventures and one-of-a-kind dining spots, Santa Barbara offers something for everyone seeking a fresh perspective. Embrace the opportunity to uncover these distinctive activities and make your home truly memorable, leaving with a deeper appreciation for all that this coastal gem has to offer.
Source: rent.com
Do you want to learn how to make $400 fast? Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more. Sometimes, you need quick…
Do you want to learn how to make $400 fast?
Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more.
Sometimes, you need quick cash, and $400 can make a big difference. Finding ways to make money fast doesn’t have to be hard and can be done in many different ways that fit your skills and schedule.
Below are the best ways to make $400 fast.
Selling printables can be a great way to earn money quickly. Printables are digital products that buyers download and print at home. These can be anything from planners to party decorations to holiday cards.
The best part is you only need to create them once, and they can be sold many times.
After creating your printable, you’ll need a platform to sell it. Etsy is a popular choice because it’s easy to set up and lots of people shop there for printables. When listing your product, make sure to use good photos and detailed descriptions because this helps buyers find your printables.
I have several friends who make over $1,000 each month by selling printables, and they do it all from home! It’s a side hustle that I frequently think about starting.
You can learn more at How I Make Money Selling Printables On Etsy.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Starting a blog can be a great way to make $400. It may not always be fast, but once you get your blog started, you may be able to make money and create new income streams.
To make money, you can place ads on your blog. You can also write sponsored posts or review products. Another way to earn is by promoting products you like through affiliate links. When someone buys a product through your link, you get a commission.
For me, I love blogging and I make over $400 a day online with my blog. I also get to work from home and have a flexible schedule, and I love it!
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
Taking online surveys is a simple way to make extra money. Many companies pay for your opinions to help improve their products. You can do this from home and on your own schedule.
It would take some time to make $400 by answering surveys, but it is easy and very flexible. Or, you could combine many of the side hustles on this list to reach your $400 goal faster.
The survey companies I recommend signing up for and the best paying survey sites include:
Many of the survey sites above give a sign-up bonus to new members and pay via free gift cards or cash to your PayPal account.
I have taken many, many surveys over the years, and I like how flexible they are to answer because you can answer them in your free time (such as when watching a TV show).
Got an old phone lying around? You can turn it into quick cash, many times up to (or over) $400. Many people don’t realize how much money is just sitting in their junk drawer. Phones, even ones that aren’t the latest model, can be worth quite a bit.
You can sell your old phone on:
And more!
You’ll want to remember to erase all your personal data before selling your phone. This is very easy, though, so don’t let it stop you from selling your phone.
Freecash is a website where you can make money by doing fun and easy tasks on your computer or phone. When you join Freecash, you can get paid to test apps, play games, and complete surveys.
I have personally earned $722 from this site, and I have received $720 in free Amazon gift cards. $302 of that was from playing Bingo on my phone through Freecash in just one week!
Click here to sign up for Freecash for free.
Bookkeeping can be a way to make money from home. You don’t need a college degree to start, and many online courses offer the training needed to get going.
Bookkeepers help businesses manage their finances. This includes tracking income, expenses, and creating reports.
Many businesses, big and small, need bookkeepers. As a result, there’s always a demand for this service. With hard work and dedication, you might earn around $40,000 a year or more.
I recommend signing up for the free training – How to start a profitable bookkeeping side hustle, that can generate $2,000 to $16,000 a month (part-time)!
You can also learn more at How I Made $10,000+ Monthly With A Bookkeeping Business Online.
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This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!
Proofreading is a great way to make money quickly. Many writers need an extra set of eyes to catch mistakes in their work. As a proofreader, you’ll look for grammar, punctuation, and spelling errors. This job can be done from home, and you get to choose your own hours.
You can proofread all kinds of content. This includes articles, blog posts, books, student papers, and even advertising copy.
Due to the high demand for written content, there’s always a need for proofreaders. This makes it a stable way to earn money.
You can learn more at How To Start A Proofreading Business And Make $4,000+ Monthly.
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This free training teaches you how to start a proofreading side hustle (and how to earn $1,000+ per month!), even if you are brand new and don’t have any previous proofreading experience.
Selling your jewelry online can be a way to make $400 fast. If you have items like engagement rings, luxury watches, or necklaces you no longer wear, you can turn them into cash.
Start by choosing a reliable place to sell your jewelry. For example, websites like Worthy can help you sell jewelry like rings and necklaces.
You can learn more at Where To Sell Jewelry: 12 Best Places For Extra Money.
Affiliate marketing is a great way to make money online and it’s one of my favorite online business ideas. You can earn commissions by promoting products and services. When someone buys through your referral link, you get a percentage of the sale.
This is my favorite way to make money, as it can all be done online. I can make money while on a vacation or sleeping, and it’s easy to share links to products that you already use and believe in.
My favorite way to do affiliate marketing is by sharing links to products on a blog. You can learn more about this at Affiliate Marketing Tips For Bloggers – Free eBook.
Fiverr is a great way to make $400 fast by selling your skills online. You can sell services like writing, graphic design, or even voice-overs.
You can easily start freelancing by creating a free account on Fiverr. You’ll choose a username and set up your seller profile where you highlight your skills and what you can sell to clients.
Next, create your first gig. A gig is a service you provide. You can start small, with gigs priced at $5, and then increase your rates as you gain experience (yes, this means that you can earn more than $5 per service that you sell on Fiverr!).
Also, another site to look into if you want to freelance online is Upwork!
Pet sitting is a great way to make extra money if you love animals. Many people need help taking care of their pets when they’re at work or on vacation. This job usually involves feeding, playing with, and sometimes walking the pets.
You can start by signing up on dog walking websites and apps like Rover or Wag. These platforms connect pet sitters with pet owners. You can choose your working hours and set your rates.
We used to have a dog sitter (back when we had dogs), and we paid her $35 to watch each dog each night (she watched them in her own home). That means she was making $70 a night and we typically had her watching our dogs for 7 days or longer.
Selling handmade crafts on Etsy is a great way to make $400 fast. You can set up your own shop and start selling right away. People love unique, handmade items, and Etsy is the place to find them.
You can sell all kinds of things on Etsy, like jewelry, woodwork, soap, and knitted items.
Etsy charges a fee for each listing and a transaction fee when you make a sale, so you’ll want to make sure to price your items to cover these costs and still make a profit.
Selling lawn care services is a great way to make $400 quickly. If you have a lawn mower and some basic tools, you can sell your services to neighbors or people in your community.
Start by mowing lawns. You can charge around $30 to $50+ per lawn, depending on the size. If you mow just 8 to 10 lawns, you’ll reach $400 fast.
Babysitting is a way to make money fast. Many parents need someone to watch their kids for a few hours, so you can sell your help during weekends or evenings.
Tell your neighbors and friends that you are available to babysit, or even post in local parent Facebook groups. Let them know your rates and how they can reach you. You might be surprised by how many opportunities you get.
Babysitting rates can vary, but you can charge around $15 to $25 per hour, depending on where you live.
One of the fastest ways to make $400 is to drive for a rideshare service like Lyft or Uber. You get paid for each trip you complete, and you can work as much or as little as you want.
To make the most money, you can focus on driving during peak hours. These are the times when people need rides the most, like mornings and evenings, making it easier for you to get more trips.
Another tip is to drive during special events or on weekends. People usually need rides for events, and requests increase, which means more money for you.
Whenever I needed money fast, I would go through my closet and find clothes to sell. I did this a lot, especially when I was younger (and had more clothing, haha).
Selling clothes is a quick and easy way to make extra money. You probably have clothes in your closet that you don’t wear anymore. These might be items that don’t fit, are out of style, or just don’t suit you anymore. Instead of letting them take up space, you can sell them online.
There are many websites and apps where you can sell your clothes. Poshmark and ThredUp are popular choices. On Poshmark, you can create listings with photos and descriptions of your clothing. Once your item sells, you ship it to the buyer. ThredUp is more hands-off. You send your clothes to them, and they handle the selling process.
If you prefer selling in person, you can look for local consignment shops or secondhand stores. These places buy gently used clothes and resell them. You might not make as much money as selling online, but it’s fast and super easy.
You can learn more at 16 Best Places To Sell Clothes For Cash.
Becoming a virtual assistant (VA) is a great way to make $400 fast.
Virtual assistants help businesses with tasks they don’t have time for. This can include managing emails, scheduling appointments, and handling social media accounts.
You can set your own hours and work from home, which is one of the best parts of this job. Whether you want to work part-time or full-time, being a VA can give you flexibility.
As you gain experience, you can increase your rates. New VAs might start at $15 to $20 per hour, but experienced VAs can earn much more. You could make up to $50 per hour if you specialize in certain areas, for example.
You can learn more at Best Ways To Find Virtual Assistant Jobs.
Renting out your extra space is a great way to make extra money.
If you have a spare room in your house, you can list it on Airbnb. Many people need short-term rentals; you can charge by the night and this can add up quickly. Another way to make money with a spare room is to find a long-term renter. Back when I had spare bedrooms, I would actually rent out each room for $400.
You can even rent out your storage space, a parking spot, and more. A site to start with for this is Neighbor.
Donating plasma is a quick way to make some extra money. You can make around $200 a month by donating regularly. Some centers even have bonuses that can boost your earnings to $400 in your first month.
You can learn more at How To Make Money Donating Plasma.
Have gift cards you don’t plan to use? You can turn them into cash quickly. Many places will buy them from you and pay real money. This is an easy way to make some quick cash.
Some ways to sell gift cards include:
Joining a focus group can be a great way to make money quickly. Focus groups pay you for your opinion on products, services, or ads. These groups can be either online or in person. This makes them super flexible for any schedule.
Payment varies a lot, with some focus groups paying around $20 for a quick session, while others can pay up to $400 for more detailed feedback. The amount usually depends on the length and type of study. Even a one-hour session can earn you between $50 and $100.
I once did a focus group that paid me about $400 for just 75 minutes. That’s more than what most focus groups pay, but usually, you can expect to earn between $50 to over $100 per hour. The amount you get paid depends on how long the study is and what it’s about, but there are some studies that pay more.
One focus group company that I recommend is User Interviews. User Interviews recruits participants to answer surveys and share their feedback.
Selling video games can be a quick way to make money. If you have games you no longer play, why not turn them into cash?
You can sell your old video games in ways such as:
Selling power washing services can help you make $400 fast. Many people need their driveways, sidewalks, and houses cleaned.
You’ll need a power washer to get started. You can buy one or rent it from a local store.
You can advertise your services on social media or in your neighborhood and create flyers and business cards to hand out.
You can charge by the hour or by the job. Typical rates can be between $50 and $100 an hour. You can clean a driveway in just a couple of hours, so you can probably easily make $400 in one weekend.
Tutoring students can be a quick way to make $400. You can help kids with their homework, teach a language, or explain tough subjects like math and science. Many parents are willing to pay good money for someone who can help their children do better in school.
Online tutoring is flexible too because you can set your own hours and work from home. Websites like Tutor.com, Wyzant, and Preply are great places to start.
Tutoring can pay well too. Rates can range from $15 to $60 or more per hour, depending on the subject and your experience (for example, advanced subjects like calculus or test prep can pay even higher rates).
Freelance writing is a great way to make $400 fast with an online business. You can write for blogs, websites, magazines, and companies. Since you work for yourself, you get to choose which projects to take on.
Freelance writing pays well and beginners can earn around $50 per article, but as you gain experience, you can charge more. Some experienced writers make over $1,000 per 1000-word article.
I have been a freelance writer for years and I have definitely enjoyed it. It’s a fun online job where you can work from home and choose the subjects you want to write about.
If you love taking pictures, you can turn that hobby into cash by selling stock photos. Many websites let you upload your images for sale.
Some popular ones include Shutterstock, Adobe Stock, and Depositphotos. People such as businesses, bloggers, and marketers buy these photos for their own use. You can earn money each time someone downloads your photo.
You might not make $400 overnight, but your earnings can add up quickly with enough photos in your portfolio.
You can learn more at 18 Ways To Get Paid To Take Pictures.
Renting out your car can be a simple way to make extra cash. There are many platforms like Turo that let you rent your car to others.
You don’t have to do much. Just list your car, set the price, and wait for renters. These platforms handle insurance and payments, making it easier for you.
I have rented a car while on vacation on Turo several times, and I enjoyed it each time. It is an easy-to-use site!
Washing cars is a great way to make quick money.
You can start by selling your car washing services to neighbors, friends, and family. You can also make flyers and put them up around your community to let people know about your business.
Participating in a medical study can be a quick way to make $400. Many research studies pay volunteers for medical research.
You can find opportunities in local hospitals, universities, and clinics.
When my husband was younger, he took part in a few medical research studies to help us make extra money. He usually earned about $1,000 for a weekend of his time. These were very in-depth, though, with lots of blood work and needles (so you may want to ask about this if that makes you squeamish).
Recommended reading: 19 Best Places To Find Paid Research Studies
If you have any old furniture lying around, like a couch, coffee table, dresser, or dining set, then you can make quick cash by selling it.
You can start by listing your items or selling to places such as:
You can learn more at 15 Best Places To Sell Used Furniture For Cash.
You can make $400 fast by selling moving services. People always need help moving, whether it’s across town or to a new apartment.
You can start by advertising your services on social media and local websites like Craigslist and by letting your friends and family know you are available too.
You can charge by the hour or by the job. Some movers charge $50 an hour, so you could reach your goal quickly. Make sure you have the necessary tools and equipment, such as a dolly and packing supplies.
Driving for a delivery service is a great way to make some quick cash. There are many gig economy apps like DoorDash, Instacart, Uber Eats, and Grubhub that hire drivers to deliver food and groceries. You can sign up easily and start working in a few days.
You get to pick your own hours, making it a flexible job. This means you can work in the mornings, evenings, or weekends. Plus, you can make between $12 and $20 per hour and often get tips on top of that.
Transcribing audio files into text is a good way to make extra money. As a transcriptionist, you listen to audio recordings and type what you hear. This job requires good listening and typing skills.
You don’t need a lot to get started. Just a computer, internet access, and a pair of headphones will do.
Many companies pay per audio hour, not the time it takes you to transcribe. Rates can range from $15 to $30 per audio hour. Once you get the hang of it, you might earn $400 a month.
You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
Cleaning houses is a way to make $400 quickly.
People are always looking for help to keep their homes tidy. You can sell your cleaning services to friends, neighbors, or find clients online (you can post an ad on sites like Facebook Marketplace or Craigslist).
You don’t need much to start. Basic cleaning supplies like sponges, sprays, and rags will do, which is great.
You can charge per hour or per job. So, if you charge around $20 to $25 an hour, you can make $400 in just 2 days of work.
One quick way to make some cash is by selling your wedding dress.
You can get a good amount of money, especially if your dress is from a popular designer or in great condition.
There are several websites and stores that buy used wedding dresses. Or, if you want to sell locally, try visiting consignment shops. These stores may take your dress on consignment and pay you when it sells. Or, they might buy it outright, giving you money up front.
Junk removal can be a quick way to make $400. Many people need help getting rid of old furniture, appliances, or just clutter. You don’t need special skills, just some muscle and a vehicle to carry the junk.
You can find work by advertising on websites like Craigslist or Facebook Marketplace. Local community boards are also good places to post your services.
You can charge by the hour or by the job. Many junk removal services charge a minimum fee of around $100 to $150 per load (and go up from there depending on weight and size). With some hard work, it’s possible to reach the $400 mark in a day or two.
Hosting a garage sale is one of the quickest ways to make $400, especially if you have items you no longer use.
You can start by decluttering your home and picking out things like clothes, toys, furniture, kitchen items, and electronics that are just taking up space. The average household has hundreds of thousands of things (yes, that’s not a typo!), so there’s probably something you can sell.
Once you’ve gathered your items, pick a weekend to host your sale, preferably when the weather is nice. To attract more buyers, advertise your sale on social media, local community boards, and garage sale websites.
You can even team up with neighbors or friends to increase foot traffic. By the end of the weekend, you can easily reach your $400 goal while also clearing out clutter from your home!
Below are answers to common questions about how to make $400 fast.
You can make $400 in one day by selling more expensive items like old phones, laptops, or collectibles. If you have time to build a business, then you may want to try becoming a freelancer, such as with writing or graphic design.
For kids who want to make $400, you may want to try selling handmade crafts or old toys. Yard work, pet sitting, or babysitting are great ways to earn money quickly too.
Yes, there are fun ways for an 11-year-old to make $400 fast! You can walk dogs, set up a lemonade stand, or sell baked goods. You might also like creating and selling crafts or printables with help from a parent.
If you want to learn how to make $400 fast online, then selling items online is usually the fastest. You could list items from around your home, like furniture or old electronics, on Facebook Marketplace and possibly get paid the same day if you find a buyer quickly. If you want to eventually in the future make $400 in a single day online, then you could do things like blogging, freelance writing, and virtual assisting.
You can make $400 in a week by selling items on sites like eBay or Facebook Marketplace. You can also look for quick gig jobs (such as on the Craigslist gigs section where they list random odd jobs like handyman gigs), do freelance work, or sell services like tutoring or lawn care.
You can sell old phones, laptops, furniture, jewelry, or clothes to make $400.
I hope you enjoyed this article on how to make $400 fast.
Making $400 quickly is possible if you have the right plan. You can sell things you don’t need, sell your skills as a freelancer, take online surveys, and more.
There are lots of ways to reach your goal, and it’s important to pick something that works with your schedule and skills.
What do you think is the best way to make $400 fast?
Recommended reading:
Source: makingsenseofcents.com
Whether you’re saving up for a home in the city, splurging on new decor for your rental house, or simply have rent to pay on your apartment at the end of the month, enjoying Chicago doesn’t have to break the bank. The city is filled with free activities that let you explore its rich culture, stunning architecture, and beautiful outdoor spaces without spending a dime.
From art and music to scenic parks and historic landmarks, there are countless ways to experience the Windy City’s vibrant energy while keeping your wallet happy. Here’s a roundup of the best free things to do in Chicago, IL.!
One of the best free things to do in Chicago is taking a much needed, refreshing break from the city’s bustle. Whether you’re seeking peaceful trails or charming coastal views, these spots provide a perfect escape from city life in Chicago.
Need a break from the noisy streets and bustling crowds? Step off the usual route and visit Northerly Island, tucked behind the Museum Campus. “It’s a bit off the beaten path but offers amazing skyline views and peaceful trails along Lake Michigan,” TK Photography shares. “Whether you’re just out for a walk or catching a concert at the pavilion, it’s a perfect way to enjoy the quieter side of the city.
If you’ve just finished cheering at a sports game, or singing along at a concert at the Wintrust Arena, or if you’re simply in the South Loop area—why not stick around? Enjoy the breathtaking city views and take a leisurely stroll along the lakefront and by McCormick Place, the largest convention center in North America. And if you do get hungry after your walk, savor some fantastic dining options nearby.
Escape the city and visit Evanston’s Grosse Point Lighthouse, a short trip from Chicago. This historic landmark, set by the beach, offers stunning photo opportunities with its charming architecture and golden grasses. It’s the ideal spot for capturing beautiful shots and enjoying a peaceful coastal vibe. “Whether you’re snapping photos with your phone or hiring a professional, the lighthouse’s unique lighting and scenery make it a perfect location any time of day,” says local photographer, Maloos Photography.
Photo courtesy of Maloos Photography
Engaging with local events is a fantastic way to meet new people, try new unique activities, and immerse yourself in the community. Not only are these typically free things to do in Chicago, but they also provide a fun and enriching way to discover new aspects of your neighborhood.
Head over to Bridgeport and visit So Happy You’re Here, a cozy spot that’s more than just a shop. It’s a cultural hotspot where events including a community craft circle, silent book club, and drag story hours are hosted. So while you’re exploring the racks and shelves for vintage finds, local art and handmade goods, be sure to stop by for exciting events.
If you go a little up North to West Lakeview, visit Three Avenues Bookshop – a local treasure with a welcoming atmosphere. Alongside a charming selection of new books and a dedicated kids section, this shop hosts a variety of events like yoga classes, open mic nights, story times, and author talks. It’s the perfect place to meet new people, explore new activities, and enjoy the neighborhood vibe.
Photo courtesy of Three Avenue Bookshop
For a distinctive, free art experience in Chicago, head to The Bridgeport Art Center (BAC), a vibrant hub of creativity for over 20 years. Featuring more than 10,000 square feet of rotating gallery spaces, BAC’s monthly Third Friday Open Studios invite visitors to explore the work of over 150 artists. While you’re there, enjoy a stop at BASE Community Café, discover the Chicago Maritime Museum, or Shared Floor Ceramics
Experience the charm of Chicago at the Chicago Vintage Festival, where the city’s eclectic style comes alive. This vibrant marketplace brings together local vintage vendors showcasing their unique finds monthly, from timeless fashion to retro collectibles. Whether you’re a seasoned Chicagoan or new to the city, the festival offers a taste of Chicago’s creative spirit and community.
The Roaming Reader suggests, “start your route at Two Hearted Queen for an unbeatable scone and coffee. Take a stroll from a mile and you’ll come to my favorite two bookstores in the city, The Last Chapter, for all your romance needs, and Roscoe Books, for just about anything else.”
Chicago is a vintage lover’s paradise, offering everything from antique shops to vibrant pop-ups. Start at Lazy Dog Antiques on Belmont Avenue in Roscoe Village, filled with unique vintage lighting, furniture, barware, and jewelry. While you’re there, explore more shops along Antiques Row for a full day of treasure hunting.
Searching for a fun activity for everyone to enjoy that’s easy on the wallet and weatherproof? Erin from Chicago with Kids recommends the Garfield Park Conservatory, “It’s free to visit, just reserve your spot. They’ve got everything from gorgeous gardens to kids’ programs and special events. With Chicago’s unpredictable weather, it’s always a great go-to for fun. Their outdoor play area is open year-round, and they’re even building a new indoor play space this year!”
Enjoy a stroll through this charming neighborhood, explore unique shops, or relax in one of the public spaces. Lincoln Square offers a mix of activities to immerse yourself in the community, whether you’re spending or saving.
Katie from Lincoln Square Ravenswood Chamber of Commerce says, “Start with a meal at Bistro Campagne, a French restaurant with a romantic patio. For cocktails, try the Robin at The Warbler across the street. Visit Merz Apothecary, a neighborhood staple since 1875, or relive childhood memories at Timeless Toys. End your day at Artango Bar and Steakhouse for great wine, food, and a chance to dance the tango.”
Photo courtesy of Lincoln Square Ravenswood Chamber of Commerce
In Chicago, the true essence of the city often lies in its smaller neighborhoods like West Town, just south of Wicker Park. This neighborhood is ideal for a casual stroll, whether solo or with friends. With its eclectic boutiques, cozy cafes, and colorful street art, it’s a neighborhood made for window shopping and soaking in the local charm.
According to Lost Girls Vintage, “a perfect day in West Town includes brunch at All Together Now, followed by walking down Chicago Avenue exploring local shops like Sprout Home, Tarnish, and Paperish Mess. Lastly, We’d stop by Beatnik for an afternoon cocktail in their beautiful restaurant followed by more shopping at Dovetail then walk up Ashland to more shops like Petals and Jackets.”
Looking for a free activity in Chicago where you can give back to the community while nurturing your creative side? Epic Art House, a vibrant non-profit located in Bucktown, is the perfect place. Dedicated to fostering connection and creativity, they offer weekly pottery and arts classes for all ages. Whether you’re eager to share your skills by teaching or simply want to lend a helping hand, Epic Art House welcomes your involvement.
While this isn’t necessarily always a free experience, kick back with your colleagues and hang out at The Boss Bar, proudly serving Chicago for over 35 years. It’s the perfect place to let loose after 5PM and mix and mingle. They host lively late-night experiences, ensuring an inviting environment for all guests and aim to celebrate key members of the community from past to present.
Chicago offers a wealth of free activities to enjoy its vibrant culture and dynamic energy. Whether exploring tranquil parks, diving into the local art scene, or discovering hidden gems, you can experience the city’s richness without breaking the bank. Experience Chicago in a whole new way.
Photo courtesy of TK Photography
Source: rent.com
With the introduction of new bonus categories, eligible Chase Freedom cardholders have several ways to earn 5% cash back in the last quarter of 2024.
From Oct. 1 to Dec. 31, 2024, Chase Freedom Flex® cardholders can get 5% back on up to $1,500 in combined quarterly spending at the following merchants:
McDonald’s.
Pet shops and vet services.
Select charities.
All non-bonus-category purchases earn 1% back, as do purchases made after hitting the $1,500 combined quarterly cap in the categories above. Cardholders must activate the bonus categories by Dec. 14, 2024, to earn the 5% rate. Activation applies retroactively to all qualifying purchases made since Oct. 1, 2024.
Here are some tips for making the most of Chase’s bonus categories in the last quarter of 2024.
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Chase Freedom® and Chase Freedom Flex® bonus rewards categories for 2024 |
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Q1 (Jan. 1-March 31) |
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Q2 (April 1-June 30) |
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Q3 (July 1-Sept. 30) |
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Q4 (Oct. 1-Dec. 31) |
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*Includes bookings made directly with the hotel and prepaid bookings through Chase’s travel portal. |
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For the first time, McDonald’s, pet shops and vet services are bonus categories for Chase Freedom cardholders.
The Golden Arches category is pretty self-explanatory. But “pet shops” is a pretty broad category that includes stores that sell pet supplies, services and animals. Note that pet day cares, pet insurance and groomers are ineligible to earn 5% back. Nevertheless, now is an ideal time to stock up on food, medicine and other supplies, and to finally schedule your pet for its annual checkup.
🤓Nerdy Tip
The original Chase Freedom® card is no longer accepting applications, but existing cardholders still earn 5% cash back based on the same bonus calendar and terms for the Chase Freedom Flex®.
Chase Freedom cardholders will be rewarded bonus cash back for their generosity this holiday season, as long as they donate to one of 17 eligible charities. Charities that qualify this quarter include the American Red Cross, Habitat for Humanity and United Way. Come Giving Tuesday, remember to pay for charitable contributions with your Chase Freedom card.
To ensure you get 5% back on purchases made via PayPal, add your Chase Freedom card as the default payment method. If you haven’t already, download the PayPal app, too. You’ll need it in order to use PayPal for in-store purchases.
Information about the Chase Freedom® has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.
Source: nerdwallet.com
Thanksgiving is a cherished holiday celebrated in various ways across the United States. Whether you’re hosting a traditional dinner in Atlanta, Georgia, or a casual friendsgiving in Chicago, Illinois, the essence remains the same: Gathering with loved ones, expressing gratitude, and indulging in a delicious feast. However, planning and hosting the perfect Thanksgiving dinner can be overwhelming, even for experienced cooks.
From menu selection to table setting, countless details must be considered when thinking about how to make Thanksgiving dinner memorable. This comprehensive guide offers expert advice to help you curate a Thanksgiving spread that will leave your guests impressed. Whether you’re a seasoned chef or a kitchen novice, we’ll provide the insights you need to create an unforgettable holiday celebration.
Dorthy Kern with Crazy for Crust shares that she finds that the key to a stress-free Thanksgiving is making your desserts ahead of time. “No one wants to be trying to make homemade pie crust or pumpkin pie while making the turkey.” Kern recommends to make your pies a few weeks ahead of time, cool them, then freeze them wrapped well in plastic wrap.
Make sure to accommodate all dietary preferences so everyone at the table can enjoy a great Thanksgiving, suggests Lucy Johnson with Edible Ethics. For example, you can make your pumpkin pie vegan by swapping out the eggs and cream for coconut cream, or create a gluten-free version of your favorite stuffing by using gluten-free bread.
Roshani with Hungry Lankan shares “to focus on balancing traditional dishes like roasted turkey and stuffing with creative sides such as spiced sweet potatoes or cranberry chutney, while accommodating dietary needs to ensure every member feels included—plus, prepping for it with family members is half the fun!”
Instead of turkey, consider a vegan roast for your table, suggested by Ed and Natasha Tatton with Bred Made by Ed. You may crave traditional dishes you grew up with involving animals, but you can be mindful of the impact of your meal. Creativity can go a long way. Search for animal-free versions of classic dishes online, or visit your local vegan grocery store to see what’s available.
This Thanksgiving, make sure to offer dishes that cater to all food preferences by including dishes that are vegan, gluten-free, or simply wholefood-based, as recommended by Eating Vibrantly. Simple dishes like this oil-free popcorn or this raw vegan chocolate are sure to delight your health-conscious guests.
Eating Vibrantly also shares to add even more delicious produce to your Thanksgiving feast with plant-based condiments, like this raw vegan pesto or this macadamia mayonnaise.
Jude Sharp, founder and head baker with The Unsweetened Tooth located in Seattle, WA, says, “When curating the perfect Thanksgiving menu, focus on inclusivity by offering options that cater to a variety of dietary needs, such as gluten-free, diabetic-friendly, keto-friendly, and no-sugar-added or low-carb dishes — especially desserts. Since this is a major dessert holiday, many people with restrictions often feel left out. Ensure that guests with health conditions or lifestyle choices can still indulge by providing delicious alternatives, so everyone has a seat at the dessert table. An inclusive menu allows all your guests to savor the celebration without missing out.”
Hosting Thanksgiving can be overwhelming considering the dietary requirements of all guests, says Liz Douglas with Glow Diaries. Liz shares “Consider making a few dishes that are already allergen-free and/or vegan-friendly so you don’t have to make separate variations of each dish. Think roast potatoes in olive oil (rather than butter), dense grain salads, or a pot of rich mushroom bourguignon. You’ll be amazed at how easy and delicious these recipes can be, and it will help make all your guests feel welcome and included in the holiday meal.”
Eunice Lim, founder of Food Travel Babe, shares, “Give your Thanksgiving classics a fun twist — mix traditional dishes like roasted turkey with fresh, seasonal ingredients that showcase your personal style and creativity. Make your table look as good as it tastes by playing with different textures and colors, so every dish feels like it belongs together, both in flavor and how it looks!”
Natacha Sanz-Caballero shares how she loves an elegant Thanksgiving table. Natacha says, “If there’s an occasion to show your best linens, china, and silverware, this is it. However, an elegant table doesn’t have to be stiff, and you can, in fact, imbue some level of whimsy without losing a thread of sophistication. She shared a few tips to achieve this. Natacha suggests mixing and matching plates that are different but follow a pattern, for instance, the same or similar material and color group.
As opposed to a larger centerpiece, she chooses one theme for a center table spread and distributes them from one end of the table to the other; that way everybody has something nice to look at. Natacha also shares “that nothing beats a candlelight-lit table, which gives a touch of elegance yet is whimsical. Like with the center table decor, spread the candles from one end of the table to the other. Everybody will have the perfect glow!”
Sometimes asking your guests to bring something they can eat really makes the day more inclusive, as recommended by Catherine Rose with Divinely Gluten Free. It allows variety and things you may never have thought of making. Serve the gluten-free creamed spinach as a dip with the gluten-free hard rolls cut into bite-sized pieces. This is a classic combination that is both delicious and easy to eat.
Hannah Dela Cruz, founder of Make It Dough and author of Sourdough Every Day, shares that her secret to a wonderful Thanksgiving is embracing hors d’oeuvres. “There’s always that moment when everyone starts feeling a little peckish and impatient for dinner. A large charcuterie board is perfect for guests to snack on without spoiling their appetite for the turkey. Hannah recommends serving up a large Sourdough Discard Focaccia, sliced into two-bite portions and served with balsamic vinegar and olive oil or a flavorful herby chimichurri. It’s easy to prepare a large batch with minimal effort. She adds that it can be made in advance, so it doesn’t take away oven space from the all-important turkey and sides.
“Creating a timeline and sticking to it is most important for a successful Thanksgiving gathering,” says Henrie Marie with Thyme of Season. Marie recommends planning your menu weeks before allowing time for any special ordered items to arrive. Making items such as pies a week or so in advance, they freeze well and are ready to bake when you need them. Prepping vegetables and appetizers, such as dips, a day before helps tremendously. Lastly, decorate and set the table days before too, so it’s perfect without the stress; just don’t use it.
Amada Powell with A Cookie Named Desire also highlighted the importance of making your desserts days ahead of time and putting them in the refrigerator, freezer, or at room temperature depending on the particular dessert you choose. Amanada also shares this expert tip: “You can warm your desserts, like pies, in the oven when everything is finished cooking using the residual heat, so it is warm and ready to be enjoyed by everyone by the time dinner is finished.”
LeAnne Yaakubov with Lion’s Bread shares, “Start prepping and chopping the ingredients 2-3 days ahead of time and set the table the night before.” LeAnne recommends “taking out all of the serving dishes and labeling each one with a sticky note that indicates the dish she is putting in it”. She also recommends “sticking to tried and true classic recipes, making a big cocktail pitcher, and letting everyone graze on a simple but elegant cheese platter while you’re finishing up the meal. Also, breathe.”
Thanksgiving is a beautiful reminder that gratitude transcends location, be it a cozy apartment or a sprawling house. It’s a time to gather loved ones, both family and friends, new and old, and celebrate the bounty of the season. While the specifics of your feast may differ — a gluten-free creamed spinach dip with crusty rolls for some, a vegan roast for others — the core message remains the same. Let this Thanksgiving be a celebration of togetherness, delicious food, and the things that truly matter. Use these expert tips to create the perfect moment. So raise a glass, share a laugh, and savor the company of those who make life special.
40-year mortgages aren’t exactly what you think they are, and we’re here to clear up the confusion. Yes, a 40-year mortgage is only 10 years longer than the traditional 30-year mortgage, but the increased time to amortize interest makes it significantly more expensive. Though it may seem more affordable on a month-to-month basis, the increased amount of interest you’ll pay over the entire loan makes it hard to pay off the principal and build equity.
Additionally, 40-year mortgages are not backed by the federal government, so it can be hard to find a lender that originates them.
Here’s a deep dive on exactly what they are, how to qualify for one, how much they cost, how they compare with other loan terms, and what factors you’ll want to consider if you’re thinking about a 40-year mortgage.
Questions? Call (844)-763-4466.
To understand a 40-year mortgage, it’s important to look at how the mortgage market works and where a 40-year mortgage fits. With a traditional 30-year mortgage, the loan is typically sold on the secondary mortgage market to be bundled into securities by government-sponsored enterprises Fannie Mae and Freddie Mac.
To be eligible for sale, the loan must meet certain criteria to be considered a “qualified” mortgage. One of these criteria is that the loan term must not be longer than 30 years (the average mortgage term length in the U.S. is three decades). So a 40-year loan isn’t considered a qualified mortgage. You might also see it referred to as a “nonconforming loan.”
Because a 40-year mortgage can’t be backed by the government, it’s harder and more expensive to originate. As a result, this type of mortgage often doesn’t make sense for borrowers or lenders.
Recommended: What Is Mortgage Curtailment?
When lenders do offer 40-year mortgages, there are a number of different ways these loans can be structured.
• ARM: The 40-year mortgages can be adjustable-rate mortgages (ARMs) where the interest rate adjusts every five or ten years.
• Interest-only for 10 years + 30-year term: They can also operate like a 10-year interest-only loan tacked on to the front of a traditional 30-year mortgage.
• Fixed 40-year term: They can also work as a 40-year fixed loan, much like a 30-year fixed-rate loan.
Most 40-year loans require that the property be owner occupied. But the biggest hurdle you’ll encounter in the mortgage process is finding a lender that offers 40-year mortgages. Qualification works as it does with a 30-year loan, but because the lender has to keep the loan on its books, it will be extra judicious about lending when it comes to a 40-year mortgage.
If you’re reading up on 40-year mortgages, you may run across the term as it relates to home loan modifications. Borrowers with FHA loans (from the Federal Housing Administration) who got into financial trouble during the COVID-19 pandemic may have the opportunity to have their loans modified (or “recast”) into 40-year loans.
With a typical 40-year mortgage, it’s clear what the advantage is because there’s only one: a lower monthly payment. A lower monthly payment may make buying a home possible for some borrowers, so it’s tempting to look at a 40-year mortgage despite the drawbacks.
The lone pro, as well as the risks and drawbacks of a 40-year mortgage, can be summarized as follows:
| Pros | Cons |
|---|---|
| Lower monthly payment | Pay more in interest over a 40-year term |
| May have a higher interest rate | |
| Builds equity more slowly | |
| Hard to find a lender who offers this loan type |
Qualifying for a 40-year mortgage is similar to qualifying for other types of mortgages. In addition to the loan type and interest rate the lender can offer you, other mortgage qualification factors may include:
• Credit score. There is no minimum score required specifically for 40-year mortgages but generally, the better the score, the better your rate.
• Income verification. The lender will examine your employment history and how reliable your source of income is.
• Debt-to-income ratio. How much debt you have affects how large a mortgage you can take on. Higher debt equals less borrowing power.
• Down payment. The down payment affects the loan-to-value ratio, which affects how much the lender is willing to lend and what rate it will offer.
Recommended: How to Get a Home Loan
When you look at the costs on a 40-year mortgage, it becomes very clear what the tradeoff is. Here is an example using interest rates available in August 2024. Note that the 40-year example has a rate that adjusts every five years, so the total interest paid is an estimate.
| Mortgage amount | Interest rate | Monthly payment (principal and interest only) | Total interest paid over the term | |
|---|---|---|---|---|
| 40-year 5/5 adjustable rate mortgage | $450,000 | 6.625% | $2,674.73 | $833,870.52 |
| 30-year fixed mortgage | $450,000 | 6.500% | $2,844.31 | $573,950.20 |
| 15-year fixed mortgage | $450,000 | 6.250% | $3,858.40 | $244,512.52 |
For a 40-year loan, you’ll pay $833,870.52 in interest for a $450,000 mortgage. In total, that’s $1,283,870.52 you’ll pay for the $450,000 loan.
The monthly payment on a 40-year mortgage is only about $200 less for a $450,000 mortgage. All told, you would save nearly $300,000 by choosing a mortgage term of 30 years vs. a 40-year mortgage. Borrowers who opt for the lowest payment with an idea that they would pay off the mortgage early would be wise to make sure they understand whether there are prepayment penalties before signing on the loan.
Because of how much more you’ll pay for a 40-year mortgage vs. 30-year mortgage, a 40-year loan comes with some serious considerations.
A 40-year mortgage loan will take much longer to pay off. And because you’re paying a greater percentage of interest in the beginning of your loan, it will be hard to pay down the principal for quite some time.
As noted above, a 40-year mortgage loan makes building equity more difficult because of the increased interest costs. Difficulty building equity can make it harder to move because you may not have adequate profits from the home sale to make a down payment on your next home. It can also make refinancing challenging.
When you look at a mortgage calculator, you may be quite shocked at how much more interest you’ll pay on a 40-year mortgage when compared to a 30-year mortgage, as illustrated previously.
A 40-year mortgage could make sense if:
• You plan to refinance to a different mortgage term in the future. If you need to keep monthly costs as low as possible and refinance at a later date, such as when you’re renovating your home, then you may want to consider a 40-year mortgage.
• It makes a difference in home affordability. If the difference between buying a home and not buying a home is a 40-year mortgage, you’re probably thinking about the 40-year mortgage. Hopefully, you could refinance down the line and save yourself a large chunk of money.
As mentioned previously, the high cost of a 40-year mortgage is a major drawback. The total amount of the mortgage works out to be hundreds of thousands more when compared with a traditional 30-year mortgage. Be sure you’re aware of the increased costs and risks before committing to a 40-year mortgage.
The 40-year mortgage isn’t common and there are few scenarios where it makes sense. When you compare a 30-year mortgage with a 40-year mortgage, you’ll only pay a couple hundred dollars more per month on a 30-year mortgage, but you’ll save hundreds of thousands of dollars over the life of the loan. If you’re considering a 40-year mortgage, consult a lender you trust. They will have many tools at their disposal for helping you afford a home of your own.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
No, 40-year mortgages are not common because they aren’t considered conforming, qualified mortgages. Qualified mortgages follow guidelines set by the government so they’re less risky and able to be bought by Fannie Mae and Freddie Mac. A 40-year mortgage falls outside the maximum allowable 30-year term for a qualified mortgage.
Yes, you can refinance a 40-year mortgage at a later date, provided you can qualify for the new loan you’re applying for.
There are serious downsides to a 40-year mortgage. It may have a more affordable monthly payment than a 15- or 30-year mortgage, but you’ll have a hard time building equity (which is important for first-time homebuyers) and you’ll pay much more in interest over 40 years than you would 30 years.
Photo Credit: iStock/gradyreese
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SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
SOHL-Q324-022
Source: sofi.com
Security camera installation is a key component of creating a strong security system. Cameras can alert you to and record suspicious activity, and they can even use lights or noise to deter intruders. But be sure to avoid common security camera installation mistakes that can damage your camera, reduce visibility or even create privacy issues with your family and neighbors.
You can install security cameras indoors or outdoors, and they can be plug-in, wireless or both. There are infinite options for security camera placement, depending on the layout of your home, but not all placements are created equal. Here are some common errors to avoid when installing security cameras.
Though the point of a security camera is to keep a closer eye on your property, there is such a thing as too much visibility. Cameras in places such as bedrooms and bathrooms can violate someone’s “reasonable expectation of privacy
.” State laws differ, but in general, it’s illegal to record someone without their consent in these spaces.
The expectation of privacy also applies to cameras looking into a neighbor’s property, especially if they’re hidden or you don’t tell the neighbors you’re surveilling them. They might have the right to legal action if the camera points into areas with a reasonable expectation of privacy
.
Though it likely won’t be an issue if some of your neighbor’s yard, for example, is visible from your outdoor camera, many camera providers, such as Ring, have a “privacy zone” feature that allows you to block out certain areas of the camera’s field of view.
It might seem like a good idea to install cameras facing a hard-to-see location such as a side alley or an upstairs window, but according to data from home security company ADT, most intruders enter through the front door, back door or an open first-floor window
. It’s often most important to install cameras in view of those high-traffic areas.
Also, hard-to-see locations might have more obstructions, such as an AC unit or overhang, that partially block the view of the camera. Look out for fast-growing trees and bushes, too, that can eventually grow in front of the camera’s view field.
Hiding the cameras themselves may also be counter-productive: a 2013 study led by a researcher from the University of North Carolina at Charlotte Department of Criminal Justice and Criminology found that most intruders check to see if a home has cameras or other alarm technology before attempting a burglary
.
The location of your security camera can make a big difference in its lifespan. Placing an electronic device in direct sunlight or near vents or heaters can damage the batteries or melt the adhesive if it’s a stick-on camera. Vents can also quickly cover your camera in dust or debris, reducing the visibility of the lens.
Also, only use designated outdoor cameras outside. Outdoor cameras have special features such as water resistance and durable construction so they can withstand the elements, and some, such as Blink, even offer weather-resistant plugs to connect to outdoor outlets.
Many security cameras use passive infrared technology to detect motion, which needs a specific distance range, angles and lighting to work properly. Detection range can vary by brand, but is typically around five to 20 feet from the camera.
Make sure to angle your camera down from above — some home security providers recommend installing security cameras at a height of around seven to 10 feet — for prime motion detection. Installing a security camera higher up can also prevent tampering. Angling up from below, on the other hand, may be more likely to trigger alerts for cars, birds or waving trees.
Also, don’t use an indoor camera to monitor outdoor areas through a window. The glass can block the infrared motion detection, and sun glare can throw off the camera’s view.
What is the average labor cost to install security cameras?
Installing security cameras is likely to cost about $100 to $200 per camera. Ring and Arlo install partner HelloTech, for example, charges $99 to install Ring cameras. Your actual cost to install security cameras can vary depending on the type of camera, number of cameras, installation location and power source (wired or battery). Devices that need to be hardwired, such as a video doorbell or floodlight camera, may cost more to install.
Do I need an electrician to install security cameras, or can I install my own security cameras?
For many cameras, you don’t need an electrician. Many home security providers offer security cameras that you can install yourself with adhesives, minor screw-ins or drilling. However, some providers, such as Vivint, require professional installation for their systems.
If you’re planning to install a security camera in a hard-to-reach place or hardwire it into your home’s electrical system, it may be worth it to hire a security installation professional who can handle the electrical components and advise you on placement.
Who would install security cameras?
Electricians can install security cameras, but there are also designated security system professionals who partner with popular home security companies to install their equipment.
Source: nerdwallet.com
Do you want to learn how to make money baking? Baking can be more than just a fun hobby; it can also be a great way to make extra money from home. From selling dog treats and cakes to starting a YouTube channel for baking tips, there are many ways to turn your passion into…
Do you want to learn how to make money baking?
Baking can be more than just a fun hobby; it can also be a great way to make extra money from home. From selling dog treats and cakes to starting a YouTube channel for baking tips, there are many ways to turn your passion into profit. By exploring these opportunities, you can find a side hustle or a small business idea that fits your lifestyle and interests.
Whether you enjoy creating sweet treats or savory goodies, there’s a market for your baked goods. You don’t have to be a professional chef to make money baking; with some creativity and effort, you can start earning and sharing your delicious creations with others.
Below are the best ways to make money baking.
Selling dog treats is a fun way to make money. If you love dogs and baking, this is a perfect match. You can make treats from home and sell them online, at local markets, or even work at a dog treat bakery.
I have bought many dog treats over the years, and I think it’s a wonderful business and baking side hustle!
You can start by finding easy recipes, such as this free peanut butter dog treat recipe. You’ll want to use ingredients safe for dogs like peanut butter, pumpkin, and oats (don’t forget to label the ingredients in case some dogs have allergies), and you can find many recipes online that are easy to follow.
Packaging is important too when it comes to dog treats. You may want to use cute bags or boxes to make your treats look special.
To get customers, you can advertise your treats on social media, such as by posting pictures and videos of your baking process.
You can learn more about this topic at How I Make Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!). Plus, you can sign up for this free training workshop that will teach you how to start your own side hustle baking and selling dog treats.
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This free workshop will teach you how to start your own dog treat bakery business.
Selling custom cakes is a fun way to make money from home. People love ordering unique cakes for birthdays, weddings, and other special events. You can decorate cakes with different designs, colors, and themes to match any occasion.
To learn how to make custom cakes, you can start practicing your cake decorating skills by watching tutorials online or taking a class in person (there’s probably a company near you that teaches this skill!).
The better your cakes look, the more customers you’ll attract, so learning through trial and error and/or with tutorials and classes will go a long way.
To get customers, you can start social media accounts (I’ve seen several custom cake accounts on TikTok and Instagram, for example), and post in local Facebook groups (such as wedding groups or parent groups).
You can learn more about this at How To Make Extra Money By Starting A Home Bakery.
Hosting baking workshops can be a fun way to make money baking. You can invite people to your home or rent a small space. Teach them how to make cakes, cookies, or whatever you love to bake. They will pay to learn from you.
You can sell workshops for beginner or experienced bakers, and make your classes based on what people want to learn. You could even focus on themes like holiday baking or gluten-free recipes. This way, you can get more students interested.
You can share your workshops on social media and tell your friends to spread the word. You can also make flyers and put them in local stores or cafes (make sure to add pictures of your tasty baked goods to grab people’s attention).
Another idea is to host online workshops on sites like Skillshare and Udemy. This way, you can reach even more people who want to learn from the comfort of their own homes. Use video calls to teach and send out ingredient lists beforehand. You can even record the classes so participants can rewatch them later.
Starting a baking blog can be a fun way to share your passion for baking and make money at the same time.
With a blog, you can post recipes, share baking tips, and talk about your favorite tools and ingredients. This gives you a platform to connect with others who enjoy what you create (and recipes that they can recreate).
To begin, you’ll need to choose a niche (you can go wide or very specific – up to you). For example, you could focus on gluten-free baking, cake decorating, family meals, healthy meals, budget meal ideas, or bread recipes.
Once your blog is up and running, you can monetize it through affiliate marketing, ads, sponsored posts, and even selling your own products like ebooks or online courses.
Building a blog takes time and effort, but it can be a rewarding way to turn your baking passion into a steady income stream.
You can start a blog by using my free How To Start a Blog course.
You can learn more about this at How I Make $110,000 A Year As A Food Blogger.
You can make money from home by working as a freelance food photographer. This means taking pictures of food for things like blogs, magazines, and ads.
Bloggers often hire photographers to make and photograph recipes for their blogs, using professional photos to make their posts look great.
Some food photographers earn $50,000 a year, and some even make over $100,000 working with bloggers.
You can learn more about this at How To Become a Food Blog Photographer And Earn Over $50,000 Each Year.
Partnering with local cafes can be a great way to make money with your baking. Cafes look for fresh, homemade treats to sell to their customers, and many times the treats are made by local bakers.
I have a friend who does this as her full-time business – she has a home bakery business and she makes the most delicious treats. She sells them on her website, but also to local restaurants near where she lives.
You can start by visiting local cafes and talking to the owners. Bring samples of your best baked goods. This way, they can taste your work and see the quality for themselves.
Once you have a few interested cafes, you can set up a supply schedule. Decide how often you’ll deliver baked goods and how much you’ll charge. Make sure to keep track of orders and deliveries to avoid mistakes.
Building a good relationship with cafe owners is important, so you will want to be reliable and deliver on time. Happy cafe owners are more likely to keep ordering from you and might even recommend you to other businesses.
Creating a YouTube baking channel is an exciting way to share your passion for baking while making money.
I have watched many baking YouTube videos over the years so that I can learn how to make a recipe. Many people just love baking shows too!
With video content, you can teach others how to bake, demonstrate fun recipes, and build a community of baking enthusiasts who love your style.
You can start by choosing a specific niche for your channel – whether it’s cake decorating, gluten-free baking, or quick and easy desserts. This helps attract viewers who are interested in exactly what you have to offer.
High-quality videos are key, so invest in good lighting and a decent camera, but don’t stress – you don’t need to be a pro to get started. Many popular baking channels started with basic equipment like their cell phone and grew over time.
I have a friend who has a baking side hustle where she shares the recipes she’s made on her Instagram. Her recipes always look so good too!
Starting an Instagram baking account can help you make money from your baking skills through sponsored partnerships, affiliate marketing, and even by selling baked goods.
Instagram is perfect for visual content, so your beautifully decorated cakes, cookies, and pastries can really shine. Plus, it’s a great platform to connect with potential customers and others who love to bake.
Selling baked goods at farmers markets is a great way to make money. You can meet your customers face-to-face, which helps build a loyal customer base.
You can start by finding a local farmers market. You’ll need to know the rules and fees, which can usually be found on their website. Some markets may have special requirements for food sellers.
You could sell baked goods like cookies, muffins, bread, pies, and more.
There’s a small farmers market near where I live, and I try to go at least once a month to specifically buy bread from a home bakery that I love. They also sell dips and different kinds of butter for the bread too.
Selling baking ebooks is a great way to make money from your baking skills. With ebooks, you can share your favorite recipes and tips with a wide audience.
Creating an ebook takes some time. You’ll need to write down your recipes, take photos, and maybe even make some videos. Once it’s ready, you can sell it online.
Amazon Kindle Direct Publishing is a popular platform where you can sell your ebook. It’s easy to use, and many people have had success with it.
Another option is to sell your ebook on your own website. This way, you keep more of the money from each sale. You can also create a blog to attract readers who might be interested in your ebook.
Even though it takes some work to create an ebook, it can be a good source of income. Once it’s done, you can keep selling it without much extra effort.
I have personally bought several books with recipes from “normal” people like you and me. They are personally my favorite ways to get new recipes. In fact, one of the things I like to do on my travels is buy a cooking book from a local author so that I can recreate local meals when I’m at home!
Now that we have gone over 10 different ways to make money baking, I also wanted to talk about how you can get started with a new baking business.
When starting a baking business, you need to find your unique style, make your kitchen ready for baking, and get the equipment you need. These steps will help you turn your love for baking into a way to actually make money.
Note: The below won’t be everything that you need to do (or it may not be applicable to the bakery business idea that you are wanting), but it is a good start.
Finding your baking niche means deciding what type of baked goods you want to specialize in. You could focus on cupcakes, bread, cookies, or even custom cakes for special events. Think about what you love to bake and what you’re best at.
If you enjoy making gluten-free or vegan desserts, that could be your niche. Selling something unique will make your business stand out, and it will also attract customers looking for specific types of baked goods.
The equipment you need will depend on what you plan on selling. But, overall, here are some tips to get started.
Marketing your bakery business can go a long way and help you to make more money.
Your brand is your bakery’s personality so I recommend that you make a catchy name and logo. Think of colors and fonts that match the feel of your baked goods.
Social media can help you reach many people fast too. Start with platforms like Instagram and Facebook, and post pictures of your baked goods.
When you run a baking business, handling your money well is key. You must price your products right, keep track of your expenses, and understand tax rules.
To make a profit, you need to set your prices carefully. Start by figuring out the cost of ingredients, packaging, and any special tools. Then, add in your labor costs.
A simple way to price is to use this formula:
(Cost of Ingredients + Labor + Overhead) x Markup = Sale Price
For example, if it costs $5 to make a baked good and you want a 50% profit, your markup might be 2x. So, the baked good should be $10.
There are some legal things that you will want to think about, such as:
If you feel that this is over your head, I highly recommend finding a professional/expert in your local area to help you further.
Below are answers to common questions about how to make money baking.
To make money, you can bake custom cakes, cookies, cupcakes, and bread. Many people also have success with unique items like decorated sugar cookies or themed cupcakes. Dog treats are popular too!
Yes, baking can be profitable. By marking up your prices for profit and finding your niche, you can make a good income from your baked goods.
You can create a YouTube channel, start a baking blog, or sell baking ebooks. These options allow you to earn money even when you’re not actively baking.
Yes, it’s possible to make a living from baking. Many home bakers turn their passion into a full-time business by consistently selling high-quality products and building a loyal customer base.
The amount of money that a bakery makes per month varies widely, just like with any business. Factors like location, pricing, and customer base influence earnings. Some small bakeries might make a few hundred dollars a month, while others can make thousands.
Yes, you usually need a license or permit to sell homemade goods. Check your local government regulations for specific requirements. Food safety certifications might also be necessary.
You can sell custom cake services for special occasions like birthdays and weddings.
Yes, kids can make money by baking and selling treats. They can start small by selling to friends, family, and neighbors.
I hope you enjoyed this article on how to make money baking.
Baking can be a rewarding way to make extra income while doing something you love. Whether you’re selling dog treats, custom cakes, or starting a baking blog, there are many opportunities to turn your passion into a profitable side hustle or business.
I have many friends who have baking businesses, and it looks like so much fun. I have a friend who makes dog treats, a friend who sells baked goods online and in local cafes, a friend who decorates the most amazing cookies, and a friend who makes custom birthday cakes. They all seem to really love what they do, and it’s a skill that they learned over the years.
Are you interested in making money baking? Which baking business idea above do you think you’ll try?
Source: makingsenseofcents.com