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Apache is functioning normally

Supplemental Security Income (SSI) is a government program that provides monthly income to people with limited resources and low incomes and who are blind, have a qualifying disability or are 65 or older. The maximum monthly SSI benefit is $914 per person ($1,372 for a couple) in 2023

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The Social Security Administration (SSA) sets the maximum SSI benefit each year. The amount increases in step with Social Security’s cost-of-living adjustment formula.

2023 SSI benefit amounts

Monthly SSI benefit

Annual SSI benefit

Individuals living alone

Individuals living in another household

Couples living alone

Couples living in another household

SSI overview

Congress created SSI in 1974. The Social Security Administration administers SSI. In May 2023, SSI paid benefits to about 7.5 million people.

  • Forty-four states have programs that provide additional amounts, called supplements, to SSI recipients (Arizona, Arkansas, Mississippi, North Dakota, Tennessee and West Virginia don’t; nor do the Northern Mariana Islands)

    . In some states, the SSA administers these additional payments. Qualifications and details for those programs vary by state.

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How to qualify for SSI

To qualify for SSI, you must have limited income and limited resources, and you must meet residency requirements. You must also be 65 or older, blind or disabled

. Each of these qualification hurdles has specific rules.

Limited income

To qualify for SSI, your monthly qualifying income can’t exceed $914 (the largest monthly SSI benefit amount this year). The Social Security Administration may reduce your SSI benefit if you have income from other sources.

Here are some things to know about how the Social Security Administration looks at income:

  • Earned income — from a job or self-employment, for example — is considered income.

  • Some earned income doesn’t trigger a benefit reduction, though. For example, the first $65 of earned income doesn’t count against the $914 SSI income limit, and only half of income above the first $65 counts against the $914 income limit

    . For example, if you earn $500 a month, the Social Security Administration might reduce your monthly SSI benefit by $217.50.

  • Unearned income, such as Social Security retirement payments, pension income and dividends from investments, are also considered income. Unearned income typically reduces the SSI benefit dollar for dollar. For example, $500 in monthly pension income could reduce your SSI benefit by $500.

  • Unearned income also has exemptions. Supplemental Nutrition Assistance Program (SNAP) benefits, tax refunds, home energy financial assistance, state assistance, college financial aid, loans, disaster aid and tribal payments typically don’t count against the income limit.

  • Things or services you get for free or at a discount, including free or below-market rent, are considered income, even if you got them from family or friends. This kind of support, called in-kind support, can reduce SSI by a maximum of $324.66 per month. In-kind support doesn’t always reduce SSI payments dollar for dollar; the amount depends on a variety of factors, including the type of support you receive and its estimated value.

  • If a spouse, parent or other essential person with whom you live receives income but doesn’t receive SSI, it can reduce your SSI payments. The reduction isn’t dollar for dollar. Instead, a complex formula determines the reduction amount.

Limited resources

To qualify for SSI, the value of any cash, stocks and personal property you own can’t exceed $2,000 ($3,000 for couples)

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Like income, there are exemptions. Common examples include a house you own (as long as you’re living in it), one vehicle and household goods.

Residency

To qualify for SSI, you must:

  • Be a U.S. citizen or national. There are some exceptions, including for some refugees.

  • Live in a U.S. state, Washington, D.C., or the Northern Mariana Islands.

  • Not leave the U.S. for more than a month or 30 consecutive days.

Blindness

You may qualify for SSI if you meet the preceding financial and residency criteria and you have 20/200 vision or less in your better eye or a narrow field of vision (in technical terms, the Social Security Administration defines this as the widest diameter of your visual field subtending an angle of 20 degrees or less).

Disability

You may qualify for SSI if you meet the preceding financial and residency requirements and you have a disability. The Social Security Administration defines a disability as a physical, mental, emotional or learning impairment that is likely to last for at least one year or can be expected to lead to death.

  • If you are younger than 18, the disability must severely limit your ability to function.

  • If you are 18 or older, the disability must prevent you from finding “substantial gainful activity,” which is often, but not exclusively, employment or running a business. If you work and earn more than $1,470 per month, the Social Security Administration likely won’t consider you to have a qualifying disability.

The Social Security Administration doesn’t decide whether you have a qualifying disability; state agencies called Disability Determination Services (DDS) do. The local DDS reviews your application and decides your medical eligibility. In some circumstances, DDS may contact your doctors, teachers, therapists and relatives to learn more about your condition. The agency may also pay for a medical test to determine whether you have an eligible disability.

Source: nerdwallet.com

Apache is functioning normally

So you want to build a new home — but you’ve got sticker shock. In researching cost-effective options, you may have discovered modular and manufactured homes.

These home types are typically more affordable than traditional new construction, known as “site-built” homes. The Manufactured Housing Institute reports that a manufactured home costs half as much per square foot as a site-built home. For modular builds, a 2017 study by the Terner Center for Housing Innovation at the University of California, Berkeley estimates construction savings of at least 20%.

Depending on land costs and the model you choose, a new manufactured or modular build might even cost less than the average existing home.

Modular and manufactured homes are both types of prefabricated, or “prefab,” homes. That means they’re built indoors at a factory, then transported to the building site. But just because they both start out in a factory doesn’t mean they’re the same thing.

Let’s explore the differences between these two home types.

Definitions: Modular vs. manufactured homes

What is a modular home?

A modular home is factory-built in large, three-dimensional pieces known as modules. When the modules leave the factory, they are up to 90% complete. The finishing touches happen at the building site, where the modules are attached to a permanent foundation and each other. Then, the finished home is inspected to ensure it meets local building codes.

What is a manufactured home?

A manufactured home is what you might think of when you hear the term “mobile home” or “trailer.” However, that terminology is considered outdated. Today’s manufactured homes come in a wide range of designs and styles.

Like modular homes, manufactured homes are built in factories. Depending on their size, they are transported to the building site in one piece, known as a single-wide, or several pieces, known as a double- or triple-wide.

Unlike modular homes, manufactured homes are attached to a permanent chassis. This is a metal frame that can be attached to wheels; that’s where the term “mobile home” comes from. The chassis cannot be removed, but you can remove or cover up the wheels.

Manufactured homes are built to national building standards set by the U.S. Department of Housing and Urban Development (HUD), called the HUD Code.

Did you know…

Technically, the term “mobile home” only applies to factory-constructed homes built prior to June 15, 1976. That’s when the HUD Code went into effect. The HUD Code set federal standards for safety and durability of manufactured homes.

Pros, cons and differences

Compared to new site-built construction, modular and manufactured homes are a more affordable path to homeownership. Here are some things to consider when deciding between the two:

  • Cost and resale value: A manufactured home typically costs less than a modular home. While manufactured homes have come a long way in terms of quality, they still can depreciate in value over time, similar to an automobile. Modular homes generally change in value with the market similar to site-built homes.

  • Building codes: Manufactured homes are built to the HUD Code. Modular homes follow the same state and local building codes as site-built houses.

  • Size and durability: Available sizes vary, although modular homes offer more ability to customize layouts. Manufactured homes don’t hold up as well in high winds or hurricanes compared to modular homes. 

  • Portability: Manufactured homes must be affixed to a steel chassis. Depending on their size, they can be built and transported in full from the factory. Modular homes do not have a chassis. They are built in pieces, transported and assembled on-site.

  • Construction efficiency: Modular and manufactured homes share some advantages over site-built homes. Indoor construction pretty much eliminates weather delays. Assembly-line construction is also faster and cheaper. Less construction waste saves home buyers money, and with efficiency gains, you’ll likely move in sooner.

Loans and financing

Modular homes

While a modular home is being built, you might have to make up-front or installment payments to the builder. These can be paid in cash or through a construction loan. Once construction is complete on a modular home, it can be financed with a traditional mortgage — just like a site-built home.

Manufactured homes

Manufactured homes are not always eligible for traditional mortgages. Here are some options:

  • Traditional mortgages: To qualify for a mortgage, you must own the underlying land and have the manufactured home titled as real property. 

  • FHA Title 1 loans: If your home doesn’t qualify for a mortgage, the Federal Housing Administration (FHA) offers Title 1 loans to finance manufactured homes. With an FHA Title 1 loan, the buyer is permitted to lease the land where the home resides, such as in a manufactured home community — sometimes called a mobile home park.

  • Chattel loans: Often, buyers finance manufactured homes using chattel loans. A chattel loan is a direct form of financing for personal property, similar to an auto loan. However, these loans typically have higher interest rates than traditional mortgages. The Consumer Financial Protection Bureau reports that around 42% of manufactured home owners use a chattel loan to finance their purchase.

Summary: Key differences

Manufactured home

Modular home

Site-built home

Cost to build

Type of foundation

Semipermanent (e.g. pier and ground anchors) or permanent.

Permanent.

Permanent.

Portability

Yes. (Has a chassis that can be attached to wheels to move the home.)

No. (Once modules are delivered, they are permanently attached to each other and the foundation.)

No. (Built entirely on-site.)

Building code

International Residential Code (local building codes).

International Residential Code (local building codes).

Options to customize

Durability

Financing (after construction)

Chattel loan, FHA Title 1 loan or traditional mortgage.

Traditional mortgage.

Traditional mortgage.

Value over time

Typically decreases.

Typically increases.

Typically increases.

Modular vs. manufactured: Which is right for me?

A manufactured home is less expensive and can get you to your goal of homeownership sooner, especially if you live in a rural area where affordable housing is scarce. Citing January 2023 data, the U.S. Census Bureau reports that the average cost of a new manufactured home is $126,100. However, future home equity is less predictable for manufactured homes. Typically, their value depreciates over time. But it also could hold steady, depending on your local real estate market. Other factors, such as if you own the land underneath — and how you landscape it — affect long-term value, too.

A modular home is a larger up-front investment, but the home value typically grows over time, like that of a site-built home. Modular construction is sturdier than that of manufactured homes, too. If you finance a modular home using a construction loan, you might need a higher credit score and lower debt-to-income ratio to qualify, compared to credit score requirements to buy an existing home. That’s because you don’t have a finished home to use as collateral, like you can in a traditional mortgage.

Alternatives to modular and manufactured homes

If you’re looking for an affordable path to homeownership, here are other options to consider:

  • Townhouses or condominiums: If you don’t mind sharing walls with your neighbors, buying a townhouse or condo can help you build equity at an affordable price point. You might have to pay homeowners association fees, though, so account for that when budgeting.

  • Site-built homes: If you’re committed to a new build, you’ll pay more per square foot for traditional construction compared to a modular or manufactured home. However, you can cut costs by building a smaller home and opting for modest finishes.

  • Tiny houses: Sized around 400 square feet or less, tiny houses can be set on wheels or a permanent foundation. Minimalist living is a lifestyle shift, so consider the pros and cons before you downsize.

Source: nerdwallet.com

Apache is functioning normally

Doors can be a portal to another world, or maybe just a great first impression when you walk through a home. But when they don’t look their best, a dated or damaged door can make an entire space feel off.

The doors inside your home come in a wide variety of styles, and can be updated in just as many ways. Some updates can be done on the cheap, while replacing doors entirely will likely come at a higher cost. What follows are key things to know about updating your interior doors, including options and costs.

What Are the Different Types of Interior Doors?

Interior doors come in many styles and price points. Here’s a look at some of the most popular options, plus estimated costs (including materials, labor, and equipment).

•   Traditional Standard doors, such as a bedroom door, swing in or out to open and close. This type of door can be either hollow core, solid composite, or solid wood.
Cost to replace: $50 to $600.

•   Pocket These space-saving doors slide “into” the wall when they’re open. Pocket doors hang from the top and slide along a track mounted in a space inside the wall and across the top of the door opening.
Cost to replace: $140 to $1,000

•   French The door with a certain je ne sais quoi, French doors can be either single or paired, and can have either a full (single) glass pane or a number of divided panes. French doors are often used as exterior doors to porches or patios, but they can also be a great way to let light diffuse inside a home.
Cost to replace: $200 to $4,000

•   Sliding A cousin to the pocket door, sliding doors save space by sliding in tracks at the top and bottom of the door frame. Unlike a pocket door, however, they don’t disappear into the wall. Glass sliding doors are typically used as exterior doors to a patio or deck, but can be used indoors to separate rooms while maintaining visibility between them.
Cost to replace: $400 to $4,500

•   Bifold Also called folding doors or concertina doors, bifolds are made of panels that fold next to each other when opened, sliding on tracks both on top of and below the door. Single bifold doors are sometimes used as doors to smaller closets, and a pair of bifold doors might divide a large room.
Cost to replace: $35 to $70

•   Barn A sliding barn door in the home takes rustic farmhouse trends to the next level. These doors slide on a track mounted on the wall above the door. Barn doors have a low profile, as they do not swing out.
Cost to replace: $150 to $4,000

•   Saloon Head straight to the wild west with these doors. Sometimes called cafe doors, saloon doors hang on a pivot hinge, meaning they can easily swing in and out with a nudge. Because they swing in both directions, they’re commonly used as kitchen doors or in cafes where traffic goes both in and out.
Cost to replace: $100 to $500

•   Murphy You may have encountered a murphy door before without even knowing it. Often custom made, murphy doors are typically bookcases that swing out, turning a door into storage space.
Cost to replace: $700 to $2,500

Recommended: How Do Home Improvement Loans Work?

Signs You May Need New Interior Doors

Interior doors in a home can take quite a beating. They’re slammed, kicked, scuffed, and may have been pounded on a few times. Depending on their quality and age, there’s a chance your doors may simply have seen better days.

If these signs sound familiar, it may be time to buy some new doors for your home:

1.    The door is stuck and has trouble staying open or closed. The more someone struggles to open and close a door that doesn’t budge, the more damage they’ll do. If a door’s always sticking or never manages to stay closed, it may be time to replace it.

2.    The door is warped or cracked. Age will affect the quality of any door, and if the frame or hinges are visibly cracked or peeling, it’s time to think about replacing them.

3.    The door’s style is dated. If your kitchen’s classic saloon-style doors feel decidedly old school — not in a good way — it might be time to consider replacing them. Even if they still work, dated styles can negatively impact a home’s value at the time of sale.

Depending on the style of door and the complexity of the installation, swapping out an interior door can cost anywhere between $150 to $2,000, with an average of $750. A good portion of the cost is professional labor.

While hanging a door might sound simple, doing it wrong can lead to improper closure or a door that just won’t close at all, which leaves you back at the drawing board. It could be worth asking for estimates from a few professional contractors if you decide to replace several interior doors at once.

A door can make an impression — good or bad — when someone enters a room. That first impression might become very important when considering home value. This kind of home improvement project could pay off when you eventually sell your home.

Recommended: Tips for Maintaining the Value of Your Home

DIY Ways to Update Your Interior Doors

Replacing interior doors altogether can be expensive, and is not always necessary. If your door is in good shape, an inexpensive DIY can update your interior doors to look more modern or trendy.

Here are some interior door upgrades you might consider before ditching a door altogether.

•   Swapping out door knobs and hardware Sometimes dated brass or an ornate finish might make a standard swing door feel out of place. For between $75 and $150, you can update a door’s knobs and hinges.

•   Trying a new hue A fresh coat of paint might transform a door’s entire vibe. Instead of a standard white, you might opt for a neutral shade, make a statement with a black door, or choose a rich, deep tone that complements other colors in your home. You can even switch things up by painting the frame and the door different colors. Although you have to remove the door from its frame, this project is DIYable, and can typically be done within a day or two.

•   Updating hollow core doors Hollow core doors are the standard type of door installed in many homes when they’re built. It’s a swing door with a flat surface. These are basic doors that can be a blank slate for your personal taste. For example, you might use molding and beadboard panels to create a paneled look on standard doors. This can make a builder-grade, hollow-core door look custom-made. This DIY project is a small investment for a big payoff.

Recommended: What Are the Most Common Home Repair Costs?

The Takeaway

Doors inside your home don’t just provide privacy, they’re a feature of the property. If your interior doors are in poor shape, replacing and updating them could help increase the value of your home, making the upgrade well worth the upfront outlay of money.

If you don’t have enough cash on hand to cover the cost of upgrading your doors (or any other part of your home), you might consider using a personal loan for financing. This is an unsecured loan that can be used for virtually any purpose, including a home renovation or upgrade. Once approved, you get a lump sum of cash up front you then pay back (plus interest) in monthly installments over time. Rates are typically fixed and lower than credit cards.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.

SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

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Source: sofi.com

Apache is functioning normally

Choosing to adopt a child is an exciting milestone in life, but it’s also one that takes a lot of planning and effort. Future adoptive parents can opt for either a domestic adoption or international adoption, but there are a lot of differentiating factors that may influence the decision.

If you’re considering adoption, you’ll want to understand the distinctions between domestic and international adoptions, from the process and timeline to the costs involved, so you can decide what’s best for you.

The Domestic Adoption Process

One of the major advantages of choosing a domestic adoption is that you have the potential to adopt a newborn. However, the timeline is not set in stone and may depend on whether you opt for an open, semi-open, or closed adoption. Most domestic adoptions are considered at least “semi-open.”

Depending on the agency you work with, you may need to be chosen by a birth mother based on your profile. Once you’re selected, the timing depends on the expected (and actual) due date. The process usually takes a few months. Typically, you get access to the child’s medical records as well as the birth mother’s family history.

An open adoption also allows some contact and conversations with the birth mother before the baby is born. In a semi-open adoption, personally revealing information is withheld between the adoptive parents and the birth mother.

Once the baby is born and you officially adopt the child, the adoption agency may facilitate sending updates to the birth mother, as well as pictures so she can see the baby is well taken care of.

Domestic Adoption Eligibility Requirements

American adoption requirements vary by state and by the adoption agency you choose to work with. Generally, you must be at least 18 years old, and there’s often a minimum age difference required between you and the child.

Most states allow domestic adoptions regardless of marital status; parents can be married, single, divorced, or widowed and still qualify.

Explore your state and city adoption websites for more details on additional requirements unique to your area.

The International Adoption Process

International adoption, thanks to rules and clearances, typically will not involve a newborn, so you’ll need to be open to welcoming an older baby or toddler to your home.

With international adoption, there are issues that could affect your ability to adopt, even in the middle of the process. New international laws and relations between the United States and other countries have the potential to derail families who are in the middle of an adoption. The process varies by country but typically takes between 1.5 and 2.5 years.

While you can find out about the child’s medical history, you likely won’t know anything about the family history. Once you adopt a child from abroad, you won’t have any contact with the birth family.

International Adoption Eligibility Requirements

Each country has its own eligibility requirements for adoptive parents, which are typically much stricter than domestic requirements. Often you’ll need to meet income requirements, which may include a higher amount if you already have children. Some countries also have net worth requirements.

In addition, you may discover that some countries restrict the type of families that are allowed to adopt from there. For example, some only offer adoption to married couples or single women.

These rules vary by country, and there are some countries, such as Colombia, that allow single men and same-sex partners to adopt.

International vs Domestic Adoption Costs

The costs vary greatly with both international and domestic adoptions, but the common thread is that it can be expensive if you’re not adopting a foster child.

For international adoptions, expect to pay anywhere from $20,000 to $50,000, depending on the country.

In South Korea, for example, adoptions may cost between $32,000 – $38,000. In China, the range is $35,000 to $40,000. Adoptions from India may span $21,000 to $25,000.

Choosing an international adoption also requires you to travel to the country (often more than once) in advance of actually adopting your child.

Domestic adoptions through a private agency may cost between $30,000 and $60,000.

It is much less expensive, and potentially even free, to adopt through foster care. However, as a foster parent, your goal is to help reunite the child with the existing family. Adoption may become an option, but it is not the primary objective.

Recommended: Common Financial Mistakes First-Time Parents Make

Funding Options for Adoptions

Adoption costs are often out of reach for many U.S. families. But even if you can’t tap into your savings (or don’t want to), you can explore other options for funding your adoption.

Recommended: 5 Tips for Saving for a Baby

Employer Benefits

Some companies offer adoption assistance funds as part of their employee benefits packages. In addition, about 34% of employers offer paid adoption leave and 25% provide paid foster child leave. This provides flexibility to transition when a new family member arrives.

You may want to check with your HR department to make sure you don’t miss out any adoption benefits offered by your company.

Adoption Federal Tax Credit

The federal government provides some tax benefits for adoptions. First, if you use employer benefit funds to pay for the adoption, that money is excluded from your income so you don’t have to pay federal taxes on it.

The tax code also offers an adoption tax credit that can help offset some of the costs involved in adoption, whether you adopt for a domestic or international adoption. Qualified adoption expenses include things like adoption fees, legal costs, and travel expenses.

The tax credit amount changes every year, so it’s a good idea to talk to an accountant for more specifics.

There are income limits for qualifying for both the tax exclusion and credit.

Friends and Family

Many adoptive parents ask friends and family members for financial support when starting the adoption process. You could even start a crowdfunding campaign as a way for your broader community to donate to your adoption fund.

Hopeful parents may want to include a compelling personal story about the path to adoption to help draw in potential donors from their community.

Just remember that if you use a crowdfunding platform, you generally have to pay fees taken out of the money you’ve raised. This usually ranges from 3% to 8% when including both fundraising fees and processing fees.

Recommended: New Parent’s Guide to Setting Up a Will

Personal Loan

Another option for financing your domestic or international adoption is with an unsecured personal loan.

This type of loan typically comes with a fixed interest rate and repayment period, which allows you to make a set monthly payment over a set number of years.

You’ll need good credit to qualify for the best interest rates. Lenders may also take your debt-to-income ratio into consideration. You may qualify for a larger loan amount if your existing debt is low compared to your monthly income.

Sometimes referred to as an adoption loan, the proceeds from this type of loan can be used for just about anything. That means not just the agency and legal fees but also soft costs like travel and meals, which can get expensive if you’re adopting from abroad.

The Takeaway

Choosing to adopt a child can be life-changing, but an international or domestic adoption usually carries a high price tag. Fortunately, with tax benefits and funding options available, you can worry less about how to pay for all of the costs associated with the process and focus more on the joy of growing your family.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.

SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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

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Source: sofi.com

Apache is functioning normally

Before having kids, my husband and I loved to travel. When our family grew, we agreed that we wanted to continue to prioritize exploring the world as much as we could. Unlike it may seem on Instagram, no one comes with a magic wand and whisks us away on vacation — we make sacrifices to design these experiences, and we work hard to make them happen.

Now that we’re paying for four, credit cards play a major role in our ability to swing our travel, but perhaps not in the way you might think. We don’t rack up debt, and because we pay our bills in full each month, we don’t pay any interest. Instead, we rely heavily on the points and miles that we largely earn from credit card rewards. And with the national average domestic airline itinerary fare hovering just below $400 in the fourth quarter of last year, according to the Department of Transportation, every bit we can defray helps.

Here are some of the ways that credit cards help make our family’s travel dreams a reality — for a fraction of the out-of-pocket cost.

(Nearly) free flights

The rewards we earn from the many credit cards we hold help fly our family for almost free. Some cards are branded to a particular airline and earn frequent flyer miles that can be used for flights on that airline and its partners. Other credit cards earn rewards that aren’t locked into one brand and offer more flexibility. You can transfer those rewards to several partner airlines, which allows you to shop around to find the best flight options for your family. If you have enough miles to cover the flights, you’ll just pay a nominal charge for taxes and fees out of pocket: They start at $5.60 one way per person if you’re traveling in the U.S.

When I tell inquiring friends how our rewards pay for flights, I’m often met with skeptical stares. “Don’t they charge so many miles? I’ll never earn enough.” Though the cost of award flights in miles can seem outrageous many times, there are still values to be found. We recently booked coast-to-coast flights for our family of four for less than 10,000 miles per person one way. An average bonus for opening a new credit card is around 50,000 miles, sometimes considerably more. That means by opening one new card and paying an annual fee under $100, my whole family can jet from Baltimore to sunny California.

Plus, I have an extra “free flight trick” up my sleeve: a companion pass. Several popular airlines offer the perk for a companion to fly free or at a reduced cost — as an outright perk of holding its branded credit card or by earning enough points in a year.

Our family’s favorite airline, Southwest, has the best companion pass around: Once the pass is earned, one companion can fly free with you (you’ll just pay taxes and fees) as many times as you fly the rest of that calendar year, plus the entire next calendar year. (More details here.)

Travel ‘insurance’ and flexibility

When you’re beholden to a school calendar that dictates when you can travel, you quickly learn that availability and prices can be sky-high during spring break or the winter holidays, when everyone is taking trips. For example, more than 141 million people flew in March and April this year, compared with 118 million in January and February, according to Transportation Security Administration checkpoint travel numbers. Booking far in advance is helpful to lock in those plans. Often, you’ll find better availability and lower prices than you’ll get when you reserve closer in. And when you pay with miles or points, there’s less at stake: You’re not shelling out a bunch of cash now for a trip you’ll take next year.

Whether you’re booking well in advance or last minute, using rewards earned from credit cards can give greater flexibility should your plans change. Early in the COVID-19 pandemic, many airlines ditched the fees to cancel or change a ticket. Some of those fees are creeping back — but the policies are often more generous if you’ve booked with miles. Having a stash of credit card points and miles at the ready helps my family book trips with the peace of mind that we’ll be able to change our plans without paying big fees.

If you pay cash for your ticket, you’ll still be able to cancel — but with more caveats. In many cases, you’ll have to pay a higher fare to have that flexibility to change or cancel your ticket. Often, you’ll be refunded in the form of travel credit with that airline rather than getting your money back. That means you’ll have money tied up with that airline, which isn’t ideal if you find a better deal on a different airline for your next flights or if you need that cash for other expenses. Plus, those credits can expire.

Booking with miles, on the other hand, can allow you to cancel your tickets — even last minute — and get all your rewards back without penalty.

Perks that make it easier

“Gee, I’m so excited to wait in long lines with grumpy kids,” said no one ever. The reality is that long lines at security checkpoints, rental car counters and even hotel check-in queues can really dampen the excitement of travel for kids and grown-ups alike.

But for my family, many of the travel perks that come along with the premium credit cards we hold far outweigh the cost of the annual fees we pay. Thanks to services like TSA Precheck, Global Entry and Clear, we are able to skip out on lots of idle time spent waiting in line. The Platinum Card® from American Express comes with a hefty $695 annual fee, but it offers credits that help cover the cost of these services. We can pop into an airport lounge while we wait to board and enjoy free drinks and snacks. Terms apply.

Elite status is another benefit that the right credit cards afford us. We can skip the line at the rental counter and head straight to our car after a long flight. Thanks to the automatic Gold status we get from the Hilton Honors American Express Surpass® Card, we can go to a special queue when we check in to our hotel, and we can take advantage of elite perks like room upgrades, late checkout and daily credit to help cover breakfast. Terms apply.

‘Free money’ helps budgets stretch further

Most major credit card issuers these days offer special merchant-specific discounts when activated on your card. They’re like built-in coupons you can add to your credit card with an easy click, and they can save you very real dollars on purchases you’re already making.

I think of these offers as “free money” I earn back from my credit cards. I load as many of these coupons onto my cards as I can because there’s no penalty if I don’t use them. If I’m ordering pizza for Friday movie night, sending birthday flowers or purchasing new luggage, I’ll check my credit card offers first so I can see whether shopping at any featured merchants makes sense to save money.

Once I make a qualifying purchase, my card gets credited back the amount I saved. I like to keep track of this money in a simple spreadsheet and watch it add up: $5 back from this restaurant, $10 back from this back-to-school shopping trip. Then I put that money aside into a trip fund to help subsidize the extra costs of our travels.

By shaving off extra costs whenever I can, our family can afford to travel together more.

Source: nerdwallet.com

Apache is functioning normally

Moving can fire up a rollercoaster of emotions. The early rush of excitement may give way to stress over the looming to-do list of all that needs to happen before the big move.

Like any life transition, moving requires a lot of preparation. Thankfully, there’s no shortage of ways to help streamline the process.

Below are some tips that could make moving more efficient, including a guide to common costs to prepare for.

How to Streamline a Move

Here are a few helpful suggestions whether you’re easing into a new townhouse, apartment, condo, or home.

Get Rid of Unwanted Items

Moving is a chance to let go of items that have gone unused for months or years.

In addition to being able to get rid of unwanted “stuff,” decluttering can help you cut back on moving expenses. With fewer things to move from point A to point B, there’s less need for packing materials or an extra large moving truck. It may even help make the move speedier and more cost-effective, since there’s less stuff to carry (or pay someone else to carry). What’s more, reducing how much you have can also help ensure your new place won’t feel overstuffed.

Prepare Early

As you declutter, it can be useful to identify boxes and packing materials needed during the move, such as packing tape, markers, labels, scissors, newspaper, and bubble wrap. Why spend money on new cardboard boxes when there are likely unused boxes already lying around your home or at friends’ places? A visit to local recycling drop-off points may be in order, as it’s possible they’ll have free cardboard boxes available there, too.

Consider starting off your packing a few weeks ahead of time, with non-essential items like out-of-season clothes or kitchenware that’s rarely used. And consider taking photos of all valuable items as you go. This way, if anything breaks or movers damage something during the move, it will be easier to file a claim and receive reimbursement for it.

Tie Up Loose Ends

Moving to a new area? Consider making a list of everyone you’ll want to contact once you’re settled in your new place.This may include:

•   Friends and family members

•   U.S. Post Office

•   Employers

•   Credit card companies and other financial institutions

•   Service providers (e.g., water bill or internet)

If you’re hoping to keep utilities or services with a specific provider, it may help to call ahead of time to verify if those services are offered in the area you’re moving to and if the service can be transferred to your new address on or after move-in day.

Keep in mind if you’re starting a new service with a new company, you may need to notify them weeks in advance so they have enough time to schedule a technician’s visit or mail out the necessary equipment.

If you’re leaving the region, you’ll also want to make a note to cancel recurring memberships at local-only businesses, such as gyms and fitness centers.

Organize Moving Documents

From leases to service contracts to quotes from moving companies, there’s a lot of paperwork to manage with a move. It can help to keep all important documents organized in a single folder (and be sure to print out a copy of any documents sent to you electronically). Some paperwork to include in the moving folder could be:

•   Old leasing agreements

•   A new signed lease (if renting again)

•   Invoices from professional movers

•   Receipts associated with the move

The paperwork may even come in handy after you move. Members of the U.S. Armed Services may be able to deduct moving expenses, for example. And some companies will reimburse employees who are moving to accept a new job for common moving expenses. Talk to your human resources department to find out if you qualify and which receipts or invoices will be required for documentation.

Prepare a Tip for the Movers

For those who plan to hire professional movers, setting aside cash in an envelope could help when it comes time to tip. Often, people tip their movers if they’re happy with the job they completed. Taking out cash the day before a move can simplify tipping, as it’s one less thing to think about during moving day.

Recommended: The Ultimate Moving Checklist

Common Moving Expenses

When budgeting for a move, it can be useful to plan for expenses that can add up quickly.

Understanding Professional Moving Costs

If you’re moving yourself, plan on paying an average of $50 per day to rent the truck, and budget more for mileage, gas, tolls, and other expenses.

If you’re hiring professionals for the job, you can expect to pay quite a bit more. An in-town move that uses a team of two movers could cost an average of $80 to $100 per hour, according to Consumer Affairs. Moving to another state? Be prepared to spend upwards of $5,000 or more, depending on how far you’re going and the amount of stuff you’re hauling.

You may also want to consider whether to budget for packing services, which typically runs anywhere from $300 to $500, and moving insurance, which protects you in case your items are lost or damaged during the move.

If you’re looking to save a little money — and your schedule is flexible — you may want to look into moving during the middle of the week or middle of the month, when demand tends to be lower.

Estimating Transportation Costs

In addition to budgeting for the cost of moving your things, it’s good to calculate the expense of transporting yourself to your new home. Be sure to factor in expenses such as flights, lodging, food, rental car, and gas.

Other Supplies and Expenses

You might already be loading up on bubble wrap, packing tape, boxes, and labels. But there may be other moving-day essentials to consider.

1.    Cleaning supplies: Many landlords expect outgoing tenants to leave a property just as they found it: clean and empty. Be sure you have a mop, broom, cleaners, and sponges on hand.

2.    Repairs and renovations: Whether you’re patching holes in your old place or making upgrades in your new home, consider budgeting for any renovations or repairs.

3.    Furniture and other home items: You may find that when you move into your new space, you need to buy some new furniture. You may want to set aside a little extra for these purchases.

4.    New license and vehicle registration: If you’re moving across the country, you may need to calculate the cost of getting a new driver’s license and registration in a different state. Fees for getting a new license and vehicle registration vary by state.

Recommended: Things to Budget for After Buying a Home

The Takeaway

Whether you’re relocating across town or across the country, moving can be exciting. But it can also be stressful and expensive. To help streamline the process, you can remove and donate any unwanted items, assemble your supplies and the movers’ tip ahead of time, organize all the moving documents in one place, and alert family, friends, employers, and creditors of your new address.

It also helps to prepare your budget. A DIY move is often the most affordable option — on average, it costs around $50 per day to rent a truck, which does not include mileage, gas, tolls, and other expenses. A professional mover costs substantially more. An in-town move that uses a two-person team may cost around $80 to $100 per hour, but that price could climb into the thousands for an interstate move.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.

SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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.

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Source: sofi.com

Apache is functioning normally

The average cost of homeowners insurance in Washington is $1,215 per year, or about $101 per month, according to a NerdWallet analysis. That’s less than the national average of $1,820 per year.

We’ve analyzed rates and companies across the state to find the best homeowners insurance in Washington. Our sample rates are for a homeowner with good credit and $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. Your rates will be different.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Why you can trust NerdWallet

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

The best homeowners insurance in Washington

If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.

More about the best home insurance companies in Washington

See more details about each company to help you decide which one is best for you.

State Farm

Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Average set of discounts

NAIC complaints

Fewer than expected

State Farm

Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Average set of discounts

NAIC complaints

Fewer than expected

State Farm is a great choice for homeowners who like to work directly with a company representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.

Farmers

Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.

Coverage options

More than average

Average set of discounts

NAIC complaints

Fewer than expected

Farmers

Those seeking benefits like diminishing deductibles and claims forgiveness may want to consider Farmers.

Coverage options

More than average

Average set of discounts

NAIC complaints

Fewer than expected

Homeowners policies from Farmers may include two valuable types of insurance: extended dwelling and replacement cost coverage. Extended dwelling coverage gives you extra insurance for the structure of your house, while replacement cost coverage offers higher reimbursement for stolen or destroyed belongings.

Some Farmers policies also come with perks that can save you money. For example, with claim forgiveness, Farmers won’t raise your rate for a claim as long as you haven’t filed one within the past five years.

Chubb

Perks and high coverage limits for affluent homeowners.

Coverage options

About average

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb

Perks and high coverage limits for affluent homeowners.

Coverage options

About average

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb caters to high-value homes and draws far fewer consumer complaints than expected for a company of its size, according to the National Association of Insurance Commissioners. Its home insurance policies come with some great perks, including extended replacement cost in case it costs more than your dwelling limit to rebuild your home after a disaster.

Chubb policyholders may also be able to take advantage of the company’s HomeScan service, which uses infrared cameras to look for problems behind the walls of your home.

Nationwide

For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

More than average

Great set of discounts

NAIC complaints

Close to expected

Nationwide

For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

More than average

Great set of discounts

NAIC complaints

Close to expected

We like Nationwide for its wide variety of coverage options. For example, its standard homeowners insurance policy generally includes ordinance or law coverage, which can help pay to bring your home up to current building codes after a covered claim. You can add other coverage for things like identity theft and damage from backed-up sewers and drains.

Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.

Country Financial

Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

More than average

Great set of discounts

NAIC complaints

Far fewer than expected

Country Financial

Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

More than average

Great set of discounts

NAIC complaints

Far fewer than expected

Country Financial has three different levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case inflation drives up the cost of rebuilding more than you expect.

Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators.

USAA

Offers perks for the military community.

Coverage options

Below average

Average set of discounts

NAIC complaints

Far fewer than expected

USAA

Offers perks for the military community.

Coverage options

Below average

Average set of discounts

NAIC complaints

Far fewer than expected

USAA sells homeowners insurance to veterans, active military and their families. If you fall into one of those groups, you might want to look into USAA’s offerings. The company’s homeowners policies include some unique perks such as deductible-free coverage for military uniforms and coverage for identity theft.

Homeowners in Washington can take part in the company’s Connected Home program, which gives you a discount on your policy if you buy and install approved smart-home devices. These include water leak sensors, cameras and thermostats.

How much does homeowners insurance cost in Washington?

The average annual cost of home insurance in Washington is $1,215. That’s 33% less than the national average of $1,820.

In most U.S. states, including Washington, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Washington, those with poor credit pay an average of $1,390 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 14% more than those with good credit.

Average cost of homeowners insurance in Washington by city

How much you pay for homeowners insurance in Washington depends on where you live. For instance, the average cost of home insurance in Seattle is $1,165 per year, while homeowners in Yakima pay $1,305 per year, on average.

Average annual rate

Average monthly rate

Bellingham

Federal Way

Marysville

Port Orchard

The cheapest home insurance in Washington

Here are the insurers we found with average annual rates below the Washington average of $1,215.

What to know about Washington homeowners insurance

Washington homeowners have a few risks to consider when shopping for home insurance, including earthquakes, wildfires, flooding and winter weather.

Earthquakes and landslides

Washington state is particularly prone to earthquakes as part of the Pacific Ring of Fire. Standard homeowners insurance doesn’t cover earthquakes or other earth movements like landslides or mudslides, so you may want to look into separate earthquake insurance or an earthquake endorsement.

When purchasing earthquake insurance, pay attention to the deductibles so you know the potential out-of-pocket costs. Your earthquake insurance often has a separate deductible, which can be around 10% to 25% of the coverage on your policy. For example, if you have a 20% deductible on $200,000 of coverage, you would need to pay a $40,000 deductible for earthquake damage before your insurance kicks in.

Wildfires

Wildfires are a potential risk in Washington state, especially in dry seasons. Your homeowners insurance will typically cover damage from fires. Always review your policy for exceptions and to ensure you have enough coverage in case of a total loss related to wildfire.

Pay particular attention to your dwelling coverage limit. This is the amount the insurance company will pay to rebuild your house. A significant fire can destroy your whole home, so talk with your insurer to make sure you have enough coverage to rebuild if necessary.

Flooding

Washingtonians who live near rivers, lakes or coastal areas may be at risk of flooding. Standard homeowners insurance policies typically do not cover flood damage. As a result, homeowners in flood-prone areas may need to purchase separate flood insurance to protect their property from water damage.

To find out if you’re at risk, check out the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.

Keep in mind that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.

Winter weather

Heavy snowfall, winter storms, and freezing temperatures can cause damage from fallen trees, the weight of ice or snow, or burst pipes, among others. Your standard homeowners policy will cover most damage from winter weather, but carefully review the coverage in your policy, as there may be exclusions.

Be sure to take appropriate precautions to limit the risk of damage, as damage due to negligence may not be covered. For example, homeowners should keep their home temperature above 60 degrees and ensure water sources are drained or insulated to avoid the risk of flooding due to burst pipes.

Washington insurance department

The Consumer Advocacy group can also help with your other insurance-related questions by live chat from 8 a.m. to 5 p.m. on Monday through Friday, by email or by phone at 800-562-6900.

Looking for more insurance in Washington?

Amanda Shapland contributed to this story.

Frequently asked questions

Is homeowners insurance required in Washington?

Homeowners insurance is not legally required in Washington state, but your mortgage lender may require you to buy it.

Does Washington homeowners insurance cover wildfire?

Homeowners insurance in Washington covers fires from most causes, including wildfires.

How can I save money on home insurance in Washington?

There are several ways to save money on homeowners insurance in Washington:

  • Shop around to make sure you’re getting the best rate.

  • Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.

Source: nerdwallet.com

Apache is functioning normally

Apache is functioning normally

It’s the summer of Barbie. The movie release date is set for July 21, but the celebration of the iconic doll is going all season with pop-up exhibitions and hotel promotions.

If you want to travel to your own Barbie dream world, here are the best Barbie-inspired trips you can take this summer:

1. World of Barbie: Santa Monica, California

(Photo by Meghan Coyle)

The World of Barbie in Santa Monica, California, is a temporary exhibition that takes people into Barbie’s world, including a real-life version of her Dreamhouse, camper van, space shuttle and TV studio. There’s also a gallery portion with vintage Barbie dolls and cars on display.

The exhibit is mainly a giant photo opportunity, with some interactive activities for kids, like a ball pit, and even a salon with real stylists on certain days. If you want a unique souvenir, consider building your own custom Barbie set from scratch for an additional fee.

Ticket prices run from $35 to $50 per adult and $25 to $32 per child. The exhibit is open through early September.

2. Malibu Barbie Cafe: Chicago and New York

(Photo courtesy of Bucket Listers)

Barbie apparently eats rainbow pancakes, beach burgers and candied bacon at the Malibu Barbie Cafe. The Barbie-inspired restaurant is operating in Chicago and New York with a menu by Chef Becky Brown, who was a semifinalist on MasterChef.

And there’s more to do at the Barbie restaurant than just eat. At the Chicago location, there’s a roller skating rink. Both sites have a gift shop, plus plenty of Instagram-worthy sets designed for you to have your own Barbie-inspired photo shoot.

Both restaurant locations are temporary, with tickets available through mid-September.

3. The Barbie room at The Curtis Hotel: Denver

(Photo courtesy of Hilton)

You can book a Barbie-themed hotel room at The Curtis Hotel in downtown Denver. Though the hotel has a boutique feel, it’s actually part of the DoubleTree by Hilton brand.

This hotel has standard rooms as well as themed rooms, including one dedicated to Barbie. The themed rooms typically cost about $50 to $60 more per night than standard rooms, according to hotel spokesperson Tamara Atkin.

The Barbie room is decorated with images of the iconic dolls and has a salon chair inside. And unlike the other temporary offerings, The Curtis Hotel’s Barbie room is a permanent fixture. Though, for a limited time, guests also receive a complimentary makeup case and a voucher for a martini from the hotel bar when they book.

4. The Don CeSar: St. Pete Beach, Florida

(Photo courtesy of The Don CeSar)

This beachfront resort isn’t officially considered a Barbie hotel, but the Don CeSar is known as the “Pink Palace.” It exudes historical charm with a famous pink exterior.

Ron Sandel, general manager of HotelTonight, said in an email that the hotel has seen a 30% increase in bookings this year versus last.

“With Barbie mania in full effect this summer, we’re not surprised to see HotelTonight users book the pink-walled hotel,” he said. “In addition to being steps away from one of the best beaches in the country, we love Don CeSar for its 1950s-style ice cream parlor.”

5. The Ken Dreamhouse on Airbnb: Malibu, California

(Image courtesy of Airbnb)

Only a handful of lucky people will get a chance to stay in what might be the ultimate Airbnb: Barbie’s Malibu Dreamhouse. The oceanfront mansion includes a disco dance floor and infinity pool.

Airbnb has run promotions for the glitzy house before, and this time, the vacation rental is decked out in honor of Barbie’s beau, Ken. It’s available to book for just two nights this summer, July 21 and July 22.

Anyone can request to book the Malibu Dreamhouse for a one-night stay for up to two guests each. While Airbnb says the bookings aren’t a contest, stays are free of charge, aside from taxes and fees. The booking window opens Monday, July 17, at 10 a.m. PT, so be ready to click.

(Top photo courtesy of World of Barbie)

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Source: nerdwallet.com