Both 15-year fixed and 30-year fixed refinances saw their mean rates trail off this week. The average rates for 10-year fixed refinances also trailed off.
30 Year Fixed Refinance: 7.18%
15 Year Fixed Refinance: 6.41%
10 Year Fixed Refinance: 6.14%
Mortgage refinance rates have soared since early 2022 and millions of homeowners remain locked in to the lower fixed rates they secured years ago. With the Federal Reserve taking its third consecutive pause from its aggressive rate-hike policy, mortgage rates have finally started to ease, but they’re not expected to stabilize until next year.
Some homeowners who bought homes with rates near or above 8% could soon see substantial enough rate dips to consider refinancing, according to Matt Graham of Mortgage News Daily. “The best bet there is to keep an eye on day-to-day rate changes and have a game plan on how to capitalize on a big enough drop,” Graham said.
About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from lenders that you can use when comparing multiple mortgage rates.
Refinance rates for homeowners
In today’s high-rate environment, refinancing is less attractive. The lowest rates advertised by lenders are currently around 7%, but your personal interest rate will depend on your credit history, financial profile and application.
Here’s are the average refinance rates reported by lenders across the country. We track refinance rate trends using information collected by Bankrate:
Today’s refinance rates
Product
Rate
A week ago
Change
30-year fixed refi
7.21%
7.57%
-0.36
15-year fixed refi
6.41%
6.80%
-0.39
10-year fixed refi
6.14%
6.85%
-0.71
Rates as of December 18, 2023.
How to choose a refinance
When you refinance your mortgage, you take out another home loan that pays off your initial mortgage. With a traditional refinance, your new home loan will have a different term and/or interest rate. With a cash-out refinance, you’ll tap into your equity with a new loan that’s bigger than your existing mortgage balance, allowing you to pocket the difference in cash.
Refinancing can be a great move if you score a low rate or manage to pay off your home loan in less time, but consider whether it’s the right choice for you at the moment. If you can reduce your interest rate by 1% or more, that could be enough financial incentive to refinance. Yet given elevated rates, you probably won’t be able to secure a significantly lower rate than your current one. If you decide to refinance, compare rates, fees and the annual percentage rate — which reflects the total cost of borrowing — from different lenders to find the best deal.
30-year fixed-rate refinance
The average rate for a 30-year fixed refinance loan is currently 7.21%, a decrease of 36 basis points from what we saw one week ago. (A basis point is equivalent to 0.01%.) A 30-year fixed refinance will typically have lower monthly payments than a 15-year or 10-year refinance, but it will take you longer to pay off and typically cost you more in interest over the long term.
15-year fixed-rate refinance
The average 15-year fixed refinance rate right now is 6.41%, a decrease of 39 basis points from what we saw the previous week. Though a 15-year fixed refinance will most likely raise your monthly payment compared to a 30-year loan, you’ll save more money over time because you’re paying off your loan quicker. Also, 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save more in the long run.
10-year fixed-rate refinance
The current average interest rate for a 10-year refinance is 6.14%, a decrease of 71 basis points over last week. A 10-year refinance typically has the lowest interest rate but the highest monthly payment of all refinance terms. A 10-year refinance can help you pay off your house much quicker and save on interest, but make sure you can afford the steeper monthly payment.
Where will refinance rates end up?
When mortgage rates hit historic lows during the pandemic, there was a refinancing boom, as homeowners were able to nab lower interest rates. But with current average rates above 7%, getting a new home loan isn’t as financially viable.
Refinancing activity has picked up since last year, but the overall level of refinance applications is still very low in comparison with early 2021.
When should I refinance?
Homeowners usually refinance to save money, but there are other reasons to do so. Here are the most common reasons homeowners refinance:
To get a lower interest rate: If you can secure a rate that’s at least 1% lower than the one on your current mortgage, it could make sense to refinance.
To switch the type of mortgage: If you have an adjustable-rate mortgage and want greater security, you could refinance to a fixed-rate mortgage.
To eliminate mortgage insurance: If you have an FHA loan that requires mortgage insurance, you can refinance to a conventional loan once you have 20% equity.
To change the length of a loan term: Refinancing to a longer loan term could lower your monthly payment. Refinancing to a shorter term will save you interest in the long run.
To tap into your equity through a cash-out refinance: If you replace your mortgage with a larger loan, you can receive the difference in cash to cover a large expense.
To take someone off the mortgage: In case of divorce, you can apply for a new home loan in just your name and use the funds to pay off your existing mortgage.
How to find personalized refinance rates
The rates advertised online often require specific conditions for eligibility. Your personal interest rate will be influenced by market conditions as well as your specific credit history, financial profile and application. Having a high credit score, a low credit utilization ratio and a history of consistent and on-time payments will generally help you get the best interest rates. To get the best refinance rates, make your application as strong as possible by getting your finances in order, using credit responsibly and monitoring your credit regularly. And don’t forget to speak with multiple lenders and shop around.
Refinancing can be a great move if you get a good rate or can pay off your loan sooner, but consider whether it’s the right choice for you at the moment.
L. Scott Bruggemann, senior vice president and general counsel at Summit, wrote in an emailed response to HousingWire that, at this time, the company “does not have anything to add to its prior comments.”
In response to the first lawsuit filed by Movement in November, Bruggemann wrote that the company continues to compete for talented individuals “fairly” and according to “legal and regulatory requirements.”
Scrima did not immediately respond to a request for comments.
Movement’s attorney Ari Karen, partner at Mitchell Sandler, said in a call with HousingWire that the lawsuit was filed separately from the first in North Carolina in November due to Scrima’s location in California. Scrima, according to him, orchestrated a “premeditated theft of information” scheme.
“Things do happen in the recruiting process. There are a lot of balls in the air; people can make mistakes, and some are innocent, some are not. But I think what distinguishes this case is the outright orchestration, the level of intent,” Karen said. “They literally went out and said: ‘We’re going to go steal Movement’s staff and their secrets. I rarely see that level of premeditation.”
According to Karen, about 50 employees left Movement to join Summit – and it’s unclear at this point whether Summit is still using the information it allegedly stole, he said.
Founded in 2008, Movement says it has over 4,500 employees across 775 locations in all 50 states. The company claims Summit, founded in 1995 by Scrima, “had fewer than 200 loan officers until Scrima engaged in a desperate and unlawful scheme to copy Movement’s successful business model.”
Specifically, Movement accuses Scrima of initiating a corporate raid of Movement’s employees using the company’s former high-level managers. It included stealing trade secrets and computer systems.
The lawsuit names nine of Movement’s former employees who allegedly transitioned to Summit as part of the scheme and had confidentiality and non-solicitation agreements. Scrima, according to the lawsuit, knew about these agreements.
The document brings an alleged text message sent on May 24 at 1:08 p.m. by Scrima to a group of executives at Summit saying he had a “great call” with Deran “working on the first 90-day plan” and providing a contact of a Movement employee.
After that, the lawsuit states the Movement employee mentioned by Scrima began accessing the company’s database, which contains “highly proprietary information regarding its financials, employees, compensation, borrowers and loan products.”
The company claims the data was later shared with Summit executives, and the employee transitioned from Movement to Summit.
On another occasion, the lawsuit states that Scrima texted Summit’s chief growth officer, Brian Mitchell, asking for Movement’s profit and loss information (P&L). In response, Mitchell asked if Scrima was sure he wanted Movement’s “proprietary/confidential information on Summit servers.”
Scrima replied, “Not on our servers. Can you maybe set up misc WhatsApp account and have them texted there?” According to the lawsuit, Scrima got the information and told executives to “dissect” them.
Per the lawsuit, Mitchell was fired from Summit in November after bringing his complaints about these actions to the company’s legal counsel. In a call with Movement representatives that he agreed to record, Mitchell said Summit had data on Movement’s employees and their wages and some 9,000 borrowers’ information. A transcript of the call is attached to the lawsuit.
“At all times, Scrima knew that his conduct was wrongful. Indeed, the mere fact that he instructed staff to hide Movement files through a WhatsApp account rather than maintain them on Summit’s servers speaks to the conscious nature of his activities,” the lawsuit states.
Movement also accuses Scrima of creating a scheme to divert its customers to Summit through its “resigning loan officers.”
The lawsuit cites an email from an LO sent in October to a borrower asking to hold off on locking and wait to close the loan with a “sister company” when rates drop. He indicated the name of a Summit employee for the new loan application. The LO who sent the email later resigned to join Summit, the lawsuit states.
“Scrima established a supposed Portfolio Retention Department at his company to facilitate this transfer of information” of potential borrowers from one company to another, according to the lawsuit.
Movement requests the court $5 million in actual damages and not less than $25 million in punitive damages, among other things. It demands a jury trial.
Are you looking for the best books about budgeting? Learning how to budget can change your life – you may be able to improve your finances, stop living paycheck to paycheck, start living debt-free, improve your net worth, and so much more. All from learning how to budget. To get good at budgeting, I think…
Are you looking for the best books about budgeting?
Learning how to budget can change your life – you may be able to improve your finances, stop living paycheck to paycheck, start living debt-free, improve your net worth, and so much more.
All from learning how to budget.
To get good at budgeting, I think it’s a great idea to learn from people who know a lot about it, which includes reading the best money books. There are all different kinds of budgeting books out there that cater to different people and their unique financial situations, so you are sure to find one that fits what you are looking for.
Key Takeaways
Best Books About Budgeting
Below are the best books about budgeting.
1. The Millionaire Next Door
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy written by Thomas J. Stanley is a favorite personal finance book for many people and is a great first budgeting book to read.
This book helps you to better understand the habits and mindset of millionaires in an easy-to-understand way (and it’s so interesting to read as well!). You will learn about the importance of living below your means and avoiding lifestyle inflation to achieve financial success and build real wealth.
You’ll find out that many millionaires live real simple lives, spending wisely and doing things differently, like how they use their time and raise their kids. It’s surprising to see what being rich really means, and some people who seem rich might actually have a lot of debt.
This is one of the best budgeting books because it teaches you that anyone can retire with wealth.
Please click here to learn more about The Millionaire Next Door.
2. The Simple Path To Wealth
The Simple Path To Wealth was written by J.L. Collins, and it’s one of the best books on money management, especially if you want to retire early.
This highly recommended book makes building wealth easy to understand, and it’s the book to go to if you want to make your finances better but don’t want to spend a lot of time on it.
In his book, Collins talks about important money topics, like staying away from debt, building wealth, understanding the 4% rule, and much more.
Please click here to learn more about The Simple Path To Wealth.
3. Broke Millennial
Broke Millennial: Stop Scraping By and Get Your Financial Life Together was written by Erin Lowry, and is one of the must-read best money books for young adults. The author makes talking about money fun and interesting, especially for young adults.
This book is made for millennials (and young adults!) who want to manage their money well.
Erin writes about how to have a clear plan to stop being broke and gives a step-by-step guide where she covers many different topics, including tricky ones like managing student loans and talking about money with your partner.
I like to give this book as a graduation gift to those finishing high school or college. It’s one of the best personal finance books for beginners because it helps young adults better understand money.
Please click here to learn more about Broke Millennial.
4. The No-Spend Challenge Guide: How to Stop Spending Money Impulsively, Pay off Debt Fast, and Make Your Finances Fit Your Dreams
The No-Spend Challenge Guide by Jen Smith is the perfect book for those struggling with spending. This guide has actionable steps to stop impulsive spending, pay off debt, and align your financial decisions with your dreams.
Jen Smith went from struggling to stay on a budget for more than two weeks to paying off $78,000 of debt in under two years. In her book, she shares experiences and strategies, including using No-Spend Challenges to shift her money mindset and budget more effectively.
Please click here to learn more about The No-Spend Challenge Guide.
5. The One Week Budget: Learn to Create Your Money Management System in 7 Days or Less!
The One Week Budget by Tiffany Aliche (The Budgetnista) is a great book to read if you want to create a better money management system that takes less of your time. So many people are afraid to manage their money because they think it will be hard or take a lot of time, so this is a great book to read to overcome that.
In just one week, this book will help you create a budgeting system to manage your money effectively. This is a great read for anyone new to budgeting or looking for a more simple approach to managing their money.
Please click here to learn more about The One Week Budget.
6. We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power
We Should All Be Millionaires by Rachel Rodgers is an inspiring book that teaches women how to build wealth and achieve financial independence.
You will learn how to make better money decisions, strategies to bring in more income, and how to change your attitude about money.
This book will also show you how to overcome obstacles in your life (such as lack of confidence or knowledge) so that you can build wealth.
Please click here to learn more about We Should All Be Millionaires.
7. How to Stop Living Paycheck to Paycheck (2nd Edition): A Proven Path to Money Mastery in Only 15 Minutes a Week!
How to Stop Living Paycheck to Paycheck by Avery Breyer is a practical guide that helps readers break the cycle of living paycheck to paycheck, and it gives tips on budgeting, saving, and investing.
You will learn how to build an emergency fund, get out of debt, avoid budget traps, and more.
This book teaches a complete budget system for beginners and takes only 15 minutes per week to do.
Please click here to learn more about How to Stop Living Paycheck to Paycheck.
8. How To Pay Off Your Mortgage In Five Years: Slash Your Mortgage with a Proven System the Banks Don’t Want You to Know About
How To Pay Off Your Mortgage In Five Years by Clayton Morris and Natali Morris is a great book for anyone looking to pay off their mortgage fast.
This is a helpful read for homeowners looking to shorten their mortgage term and save money on interest in the long run. This is a step-by-step system with a strategic plan to pay off your mortgage fast.
Please click here to learn more about How To Pay Off Your Mortgage In Five Years.
9. You Need A Budget
You Need A Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want by Jesse Mecham is a great personal finance book that teaches you a step-by-step budgeting system for managing your money more effectively.
You will learn things such as how to pick your priorities for your money, how to not let expenses sneak up on you, how to handle an unexpected expense, and how to get your money to last.
Please click here to learn more about You Need A Budget.
10. The Automatic Millionaire
The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach is a book that simplifies the process of becoming financially independent, emphasizing the power of automating your savings and investments.
The Automatic Millionaire begins with the inspiring tale of an ordinary American couple — a low-level manager and a beautician — whose combined income never surpasses $55,000 per year. Remarkably, they achieve debt-free homeownership of two houses, put both kids through college, and retire at 55 with over $1 million in savings.
Please click here to learn more about The Automatic Millionaire.
11. I Will Teach You To Be Rich
I Will Teach You To Be Rich was written by Ramit Sethi and is a great first personal finance book to read. This has been a popular money book for years and for good reason!
This book is full of very helpful lessons presented in a fun way, and he covers the basics of personal finance, including budgeting, saving money, investing, and more.
Please click here to learn more about I Will Teach You To Be Rich.
12. The One Page Financial Plan
The One-Page Financial Plan: A Simple Way to Be Smart About Your Money by Carl Richards is a book that will help you create a single-page plan based on your personal financial goals.
This book will help you figure out how much money to invest each year, how much life insurance you need, how to handle unexpected costs (or a job loss), and more.
If you are looking for more of a visual way to manage your money, then this is the book to read.
Please click here to learn more about The One Page Financial Plan.
13. Your Money or Your Life
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez has sold more than one million copies and is one of the most popular and best money books ever.
This book has been popular for over 25 years (but don’t let that stop you from reading it!), and it’s been updated with more recent topics like side hustles, new investment options, how to track your money online, and more.
This book focuses on mindful spending and helps you reevaluate your relationship with money. This book will guide you in getting out of debt, saving money with mindfulness and good habits, building wealth, contributing to saving the planet, and so much more.
Please click here to learn more about Your Money Or Your Life.
14. The Financial Diet
The Financial Diet (same name as the very popular blog!) by Chelsea Fagan is a guide to managing money, including tips on budgeting, saving, and investing so that you can make smart financial decisions.
This book will teach you how to get good with money, how to stick to a budget, how to invest, how to save money on food, and more.
The Financial Diet is the personal finance book for someone who doesn’t care about personal finance but is looking for a beginner’s guide to improve their financial situation. The writing style of this book will keep you interested and actually want to learn about personal finance.
Please click here to learn more about The Financial Diet.
Frequently Asked Questions About Budgeting Books
Below are common questions about finding the best budgeting books.
What are the best budgeting books for young adults?
My favorite budgeting book for young adults is Broke Millennial, and I personally buy this book and give it as a gift to anyone I know who is graduating from high school or college.
There are many other budgeting books that people love such as How To Manage Your Money When You Don’t Have Any by Erik Wecks, The Total Money Makeover by Dave Ramsey, Money Honey by Rachel Richards, Spend Well, Live Rich by Michelle Singletary, and so many others.
What’s the best budgeting book planner?
A budgeting book planner is a tool that you can use to organize your finances in one place and stick to your budget. You can find many different budgeting book planners here.
Best Budgeting Books – Summary
I hope you enjoyed this list of the best books on budgeting.
As you can see, there are many different budgeting books that can fit your personal situation.
These books talk about different parts of budgeting, like making a basic plan or handling money when you don’t have much. Whether you’re just starting or want to get better at budgeting, there is probably a book above that has something for you to learn.
Here’s a quick list of the best budgeting books listed above:
At Home CEO Lee Bird will retire effective Dec. 31, the company said Wednesday.
Bird, 58, has been at the company for 11 years and transformed it from a tired Houston-based brand called Garden Ridge into a fast-growing home superstore concept. He moved the headquarters to Plano and rebranded it At Home. A year ago the company moved into a new headquarters in Dallas.
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The departure is a surprise and most expected Bird to at some point lead the company out of private equity ownership with an initial public offering. At Home was taken private after a proxy challenge in July 2021 by Hellman & Friedman in a deal valued at $2.8 billion.
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At the time, Bird had said he believed At Home could more than double its store count to more than 600 locations and that it could do so faster as a private company.
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The latest on retail openings, closings and trends in D-FW.
A CEO search is on, the company said in a statement.
In the meantime, an office of the CEO has been formed to run the business with Jeff Evans, president and chief merchandising officer; Jerry Murray, chief financial officer; and Ashley Sheetz, chief operating officer.
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Erik Ragatz, At Home’s lead director, will be the executive chairman. Ragatz was formerly a partner at Hellman & Friedman where he worked for more than 20 years and is listed as a senior adviser on H&F’s website.
“On behalf of the company, I want to thank Lee for his tremendous leadership of At Home over the last decade,” Ragatz said. “Lee helped build At Home into one of the great retailers across industries. As a leader and mentor, Lee has had a profound impact on At Home’s thousands of employees and will remain an important member of the At Home family for years to come.”
At Home CEO Lee Bird in the At Home store in Timber Creek Crossing shopping center last year. At Home took over a building left vacant by JCPenney. (Juan Figueroa / Staff Photographer)
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Bird joined the company as CEO in December 2012 after executive positions at Gap, Old Navy and Nike. He led At Home from a chain of 58 stores and $364 million in revenue to 268 stores with almost $2 billion in annual sales. It went private after a successful period during the pandemic when Americans were sprucing up their homes. Sales increased 27.4% in 2020 to $1.74 billion.
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Bird wasn’t available for an interview.
At Home’s sales topped $2 billion last year. Here’s why Dallas shoppers are just discovering it
“Helping At Home become one of the nation’s top home decor retailers is one of the great honors of my career,” Bird said in a press release. He thanked staff who contributed to the company’s achievements.
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“Together, we have created a valuable, differentiated business with even more room for growth, and I’m confident in this team’s ability to continue to build on At Home’s track record of success,” Bird said.
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Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss Capital and Liebenthal Ventures invested in the round.
Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate. The Smart Buyer Rebate, the company’s flagship product, allows prospective homebuyers to find a home with a customized property feed that shows their potential rebate. The firm claims to have brokered more than $1.5 billion in real estate transactions over the past six years.
“In an era where affordability is a growing concern for homebuyers, Prevu is committed to making the dream of homeownership more attainable,” Chase Marsh, co-CEO of Prevu said in a statement. “This financing round will allow us to continue to accelerate our growth, and we are excited to partner with our new investors who bring a tremendous amount of insight on real estate and fintech to contribute to our journey.”
The company operates in New York, Massachusetts, Pennsylvania, New Jersey, Washington DC, Maryland, Virginia, Florida, California, Oregon, Colorado and Texas.
In October 2022, Prevu acquired mortgage technology assets from shuttered real estate startup Reali.
The path to the top ranks wasn’t always smooth, Cavanaugh suggested during a telephone interview. A company she worked with in the early years succumbed to the Great Recession of 2008, yielding some hard lessons along the way. “In my earlier years it was all about the stability and the comfort zone,” she acknowledged. “When … [Read more…]
Our experts answer readers’ home-buying questions and write unbiased product reviews (here’s how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
The 30-year fixed-rate mortgage is by far the most popular type of home loan. Because the terms on these mortgages are so long, borrowers who get a 30-year mortgage enjoy low monthly payments — though they’ll ultimately pay a lot more in interest over the life of the loan.
See where 30-year mortgage rates are today and if a 30-year mortgage makes sense for you.
30-year mortgage rates today
Check out the latest new mortgage and mortgage refinance rates to see how today’s 30-year mortgage rates compare. To learn more about refinancing, check out our page on 30-year refinance rates.
30-year mortgage rate trends
Here are the lowest 30-year fixed rates each year, from 2012 to 2022:
In the past couple of decades, it was pretty common to see 30-year rates in the 5% to 6% range. Pre-2000, rates were even higher, sometimes reaching double digits. During the pandemic, rates reached historic lows, at times dropping below 3%.
Will mortgage rates go down? 5 reasons you shouldn’t wait for rates to drop>>
But rates have risen from the historic lows of the pandemic, and they rose more than three percentage points last year. Rates have climbed for most of this year as well. In October, 30-year rates at times spiked close to 8%.
But since then, mortgage rates have actually dropped significantly. In November, the average 30-year fixed mortgage rate was 7.11%, which is 43 basis points below its October average, according to Zillow data. And it’s dropped even lower in recent weeks, trending below 7%.
30-year fixed-rate mortgage details
Fixed-rate mortgages lock in your rate for the entire life of your loan, and they come in a variety of term lengths. A 30-year loan is the most common term length for new mortgages, but lenders offer other term options.
A 30-year fixed-rate mortgage keeps your rate the same until you either make your final payment at the end of the 30 years or you sell or refinance.
Is a 30-year fixed mortgage a good deal?
If a low, stable monthly payment is important to you, a 30-year fixed-rate mortgage might be a good deal. But 30-year fixed rates are also higher right now than they’ve been in over a decade. If you want a lower interest rate, other options might suit you better.
Adjustable rates are lower than 30-year fixed rates, but your rate might increase once the intro rate period ends. This means that an ARM could be the better deal if you want to sell the home before your intro rate period ends, but a fixed rate may be better if you want to stay in the house for a long time.
You’ll also pay a lower rate with a shorter term, like a 20-year or 15-year fixed mortgage. That’s the general rule: The shorter your fixed-rate term, the lower the rate. And you’ll pay less interest over time with a shorter term, because the mortgage will be paid off sooner.
But your monthly payments will be lower with a 30-year mortgage than with a shorter term, because the loan payments are spread out over a longer amount of time.
The pros and cons of 30-year fixed mortgages
Freddie Mac data:
As you can see, the 30-year fixed-rate mortgage has a significantly lower monthly payment. However, you’ll pay a lot more in interest over the life of the loan than you would with a 15-year fixed-rate mortgage.
But if keeping your monthly costs down is a priority, the 30-year mortgage would likely be the better fit.
How to get a good 30-year mortgage rate
Lenders take your financial profile into consideration when determining an interest rate. The better your finances are, the lower your rate will be.
Lenders look at three main factors: down payment, credit score, and debt-to-income ratio.
Down payment: Depending on which type of mortgage you take out, a lender might require anywhere from 0% to 20% for a down payment. But the higher your down payment is, the lower your rate will likely be.
Credit score: Most mortgages require a minimum 620 credit score, and an FHA loan lets you get a mortgage with a 580 score. But the higher your score is, the better. To improve your score, try making payments on time, paying down debts, and letting your credit age.
Debt-to-income ratio: Your DTI is the amount you pay toward debts each month in relation to your monthly income. You generally can’t get a mortgage with a DTI above 50%, and you can land a lower rate with a lower DTI ratio. To decrease your DTI ratio, you either need to pay down debts or earn more money.
If you have a large down payment, excellent credit score, and low DTI ratio, then you should be able to get a good 30-year fixed rate.
Use our free mortgage calculator to see how today’s 30-year rates will affect your monthly payments and long-term finances.
Mortgage Calculator
$1,161 Your estimated monthly payment
Total paid$418,177
Principal paid$275,520
Interest paid$42,657
Paying a 25% higher down payment would save you $8,916.08 on interest charges
Lowering the interest rate by 1% would save you $51,562.03
Paying an additional $500 each month would reduce the loan length by 146 months
You can apply for preapproval with a lender to get an idea of the rate you’ll pay. Just be sure to pay attention to both the rate and the mortgage APR. The APR shows you the full cost of borrowing, not just the interest rate. A mortgage’s APR takes into account things like points and fees paid to the lender in addition to your interest rate.
Is a 30-year fixed mortgage a good fit for you?
You’ll probably like a 30-year fixed mortgage if you want relatively low monthly payments.
You might prefer a shorter term if you want to be aggressive about paying off your mortgage faster, and if you can afford higher monthly payments. If you’re refinancing, you might consider a 15-year mortgage refinance to lower your interest costs.
You don’t necessarily need to stay in a home for 30 years to benefit from a 30-year mortgage. Even if you plan to move in a few years, you can benefit from the low monthly payments.
You may prefer an adjustable-rate mortgage if you want to move before your intro period rate ends, because adjustable rates often start lower than fixed rates. For example, if you get a 7/1 ARM and move before the seven-year mark, you’ll never risk your rate increasing.
30-year mortgage rates frequently asked questions
Average 30-year mortgage rates have generally been elevated in recent months, but they fluctuate a bit from day to day. In general, rates have been in the 6% to 7% range recently.
Average 30-year mortgage rates recently dropped below 7%, and they could fall further in 2024.
The best 30-year mortgage rate ever happened in January 2021, when it hit 2.65%, according to Freddie Mac data.
A 30-year fixed mortgage is a home loan that is paid back over a 30-year term. Because the rate is fixed, your principal and interest payment stays the same throughout the entire life of the loan (though small increases can happen if your taxes or insurance go up).
With a 30-year fixed-rate mortgage, your payments will be set up so that the mortgage can be entirely paid back in monthly installments over the course of 30 years. However, most people don’t hold on to their mortgages that long; if you refinance or sell your home, you’ll pay off the mortgage early.
Laura Grace Tarpley, CEPF
Personal Finance Reviews Editor
Elias Shaya
Jr Compliance Associate
Elias Shaya is a junior compliance associate on the Personal Finance Insider team based in New York City. Personal Finance Insider is Insider’s personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that readers already know and love. The compliance team’s mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Elias is the point person for the loans sub-vertical and works with the editorial team to ensure that all rates and information for personal and student loans are up to date and accurate. He joined Insider in February 2022 as a fellow on the compliance team. Elias has a Bachelor of Science in International Business from the CUNY College of Staten Island. Prior to joining Insider, he volunteered at the New York Presbyterian Hospital, where he worked with the biomedical engineering department. In his spare time, Elias enjoys exploring new restaurants, traveling to visit his family in Lebanon, and spending time with friends.
Each of us has wondered whether the grass is greener on the other side from time to time, but married people and parents of young kiddos especially seem to struggle. So it’s important to ask: is youth and singleness all it’s cracked up to be, or will the challenge of fighting for your marriage and parenting young children be the investment that really pays off?
Single life has its ups and downs—moments of joy, raw happiness, intense loneliness, sadness and everything in between. But it’s ultimately up to us as individuals to find contentment with our circumstances or strive for bigger and better things. Below are 15 stories from other single people about what real singleness looks like without attachment, and whether it’s happier over all.
1. I’d Like Someone to Share Things With
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One benefit of marriage that the married ones often forget about is companionship. Sure, the other elements of marriage are good and necessary, but there’s something deeply special about coming home from a really hard day at work and having somebody you can talk to about it. Or coming home after getting a promotion and having someone special to share it with—without having to search your contacts for whom you’ll text first. Is that camaraderie worth trading for the freedom to do what you want, when you want, without coordinating with anyone else? Well, maybe.
One user shared, “30M if it’s relevant. It’d be nice to find someone to share stuff with, and all that … but being solo and only having myself in my own way when it comes to doing things is great. I haven’t dated anyone in about five years. The prospect of trying to find someone I can tolerate, that also wants what I want (being childfree is a b-) feels impossible. I also don’t know if I even have the capacity to care anymore. I’m socially inept [as heck], so I’ve only really tried the online route. Until I finally decide to give a s-, I have my two cats that can bug me all they like.”
Another user added, “I’m the exact same age, haven’t dated since I was like 26 and love my cat, he’s my dude! Also, I don’t want kids, not because I hate them or anything; I just don’t think it’s for me. I don’t get the whole peopling thing either. Just realized I have liked travelling for the past couple of years, so I started being an OTR trucker. It’s pretty cool for guys like us if you ask me. I drove through the Grand Canyon the utter day, and it was f- beautiful, my guy.”
2 I’m Just a Very Touch-Oriented Person
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Pets, throw blankets and soft pillows are the hugs of the home-alone world. Now don’t misunderstand us; there’s something really super special about cuddling with your pets. (Imagine all that understanding and love without any of the backtalk or arguments!) But being touch-starved is a real thing. Whether everyone is willing to trade in their singleness for someone to come home to, and to hug just depends on the person though.
One Redditor posted, “Nope. It’s not the relationship factor. I’m just a very touch-oriented person. Not being able to touch someone just hurts. I want to touch someone, but I want them actually to like me.”
One user replied, “Oh my god, it’s the touch, for sure. It’s so unbelievably easy to go literal months without being touched by a human being. I’m so touch-starved, but there’s no outlet for it in society anywhere except relationships.”
3. We Expected a Fairytale
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One reason so many people are shy of commitment to another individual for the rest of their lives is that they’ve grown up on the fairytales with the magical endings, and then they’ve been sucker-punched by the reality of struggling marriages, and the hard work that relationships require. It’s enough to make anyone shy of marriage. It’s true: marriages take a lot of effort and forgiveness. There’s a lot of joy to be found in loving and sacrificing for another person, but it’s not going to be a walk in the park, and you have to know that before you choose it.
“Yeah, we all pictured a Disney movie and then had to deal with reality. Very tired of this narrative with a House, a Spouse, and a couple of kids = endless happiness,” commented one user.
One user replied, “I think, in general, we struggle with the myth of ‘if I get to this state, I’ll have happiness .’ You get there, and you want something else. Happiness is a process/journey, not a destination. You can have the nicest house, the best spouse, great kids, go on great vacations, fancy cars, etc., and be f- miserable.”
4. I’m Extremely Lonely
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Regardless of whether you’re hoping to get married, all of us were designed to live in some sort of community, with some sort of friendship around us. And sometimes, that’s really hard to find outside of family.
One user shared, “No, I’m extremely lonely.”
One user stated, “Thank you for saying what most of us think. I have my parents as a support system, but if I didn’t have them, I would literally be on the street, mostly by choice but also to better survive financially. I’ve been in a relationship most of my adult life, and even though I was the codependent one, I always had things put together and looking back, I don’t even know how I did it. I am finally setting boundaries and knowing my worth, and I’ve never felt so lonely. Then I try to put myself out there, and guys love my personality but don’t find me physically attractive, and I’m just throwing my hands up like apparently I can’t f- play this game anymore.”
5 Not a Fan of the “Single and Happy” Mantra Anymore
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Ultimately, the reality is that happiness isn’t tied to marriage or singleness. Your happiness is tied to you. Your mental health, your ability to choose what brings you joy, and your ability to find joy or contentment even when things don’t work out well for you are the real factors that will determine your satisfaction with life, regardless of whether you marry or not.
One Redditor posted, “I’m not really a fan anymore of the whole ‘single and happy’ mantra, like being single is just a state of being, happiness isn’t tied to happy with it. Like you can be in a relationship and be miserable, too, you know what I mean?
“For someone who’s never been in a relationship? Am I single and happy? No. Am I single and miserable? No. I’m just single. It’s just the state I’m in.”
However, one user responded, “That’s why it’s called single AND happy. The conjunction ‘and’ allows one to describe two states of being.”
6. I’m Not Good at Spotting Red Flags in People
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Marriage is a serious step, and your spouse isn’t someone you want to be mistaken about later on. If you’re not able to find somebody who loves, respects and enjoys you, then yeah, the goal of marriage should probably take a back seat for a while.
“Most of the relationships I’ve had, I’ve either been cheated on, abused, or both. I’ve had partners who take endlessly and never give. My last relationship was really terrible, and he mistreated me horribly. I have accepted that I’m just not good at spotting red flags in people, and I guess I’m not a great judge of character, so for my own safety and sanity, I need to be alone. Being alone is better than being with someone who actively chooses to mistreat you and doesn’t view you as a partner but rather a domestic servant.
“I wish my life would have turned out differently because I’d like to know what it feels like to be loved. But it’s not in the cards for me. Other than that, I try to be as happy as I can. I have a lot of hobbies and don’t often get bored or lonely. I’m certainly happier not being abused,” shared one Redditor.
7. Don’t Want to Change Who I Am Anymore
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An online user said, “I could have written this. I worked on my codependent tendencies, but I don’t want to change who I am anymore. I like that I’m easygoing and kind. But I realized that most people are not, and I end up being taken advantage of endlessly, so I decided it’s better to be alone.
“In answer to the question, I AM happy. It’s not because I’m single or despite it. I have been happy in relationships and out of them. Happiness is more about being at peace with yourself, aligning with your values, and having a purpose. I have all those things with or without a partner. Looking for one felt like an exercise in futility, so I stopped and just started living my life. And I love it.”
8. Sometimes Happy, Many Times Lonely
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Whether you’re touch oriented, want somebody to talk to, or just wish there were somebody to come home to, another person present in the house—marriage can be hugely satisfying. Loneliness is nearing epidemic proportions in the US these days, and it’s an ache that never fully goes away without a strong community of family or friends around you. To be fair, there are lonely marriages as well, and many people with happy marriages and strong family and friend relationships feel lonely from time to time. But the feelings are likely to be less pervasive with a spouse or even roommates in your life.
One user commented, “Sometimes happy, many times lonely.”
9. Would Rather Want Something I’ll Never Have Than Have Something I Never Wanted
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“My grandma used to say ‘I would rather go through life wanting something that I could never have rather than having something I never wanted.’
“We have the most significant single population that we have ever had. At least, we live in a time when we have a choice. Many of the women in my family were almost guilted into marriage,” one user added.
10. I’m Solely Responsible for Everything
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One user shared, “No, the way I see it, even if you ignore the mental health aspects of isolation, it’s made my life MUCH harder. I’m solely responsible for paying for and doing everything on my own. I have no feedback from others on any of the decisions I made. Pretty much no one knows where I am or what I’m doing. My life feels sort of meaningless and without connection as a result. I’d say it’s about as damaging to my overall quality of life as being broke and unemployed, and it’s made me much lazier and more pessimistic as a person as a result.”
11. Trying to Be Happy on My Own
Photo Credit: Shutterstock.
One user said, “I’m trying to be happy alone. However, there are a few things I know for sure:
“Humans are wired for connection (romantic and platonic). Successful mating is the single biggest biological driver we have. Our society generally reinforces the idea that we need a partner to be whole and happy.
“I have accepted that I will never be the happiest version of myself without the right long-term romantic relationship. However, I’m still pretty happy being single. I’m glad I can say so, as this has prevented me from marrying the wrong person several times.
“I’d much rather be single and a little lonely than coupled up with someone that I’m not madly in love with.”
12. Become a Cat Dad
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Another user posted, “I’ve become a cat dad. The relationships I’ve tried can’t handle my work schedule for one reason or another. I’d love for a companion, but video games keep me happy enough.”
As much as we value human connection, it’s important to have good boundaries with unhealthy people, and to fill those needs for connection in ways that nurture you. For example, with cats.
13. I Have Good and Bad Days
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One Redditor added, “I would say I have good and bad days. I’m a 30-year-old, single woman who hasn’t dated anyone in over 9 years. I have wanted to, but it never seems to work out. The times I have shown interest in someone, it wasn’t mutual and vice versa. I would love to get married and have kids one day, but in the dating culture of today, it seems harder and harder to believe it can happen.”
14. Not Comfortable Settling Down
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“I’m more comfortable in my off-and-on relationships rather than settling down yk, but my social anxiety keeps me from seeking out new relationships, so idk. It certainly is less stressful, as some people might say, because you don’t have to worry about keeping tabs on another person, or trying to focus on their happiness as well as your own. But sometimes loneliness seems overwhelming, but there are other things you can do to overcome it rather than thinking that happiness can only come from relationships,” stated one user.
15. I Am Responsible for My Own Happiness
Photo Credit: Shutterstock.
One user shared his brightness and posted, “Yes. I am responsible for my happiness whether it be with or without a partner.”
It’s true: ultimately, even the glow of a new romantic relationship will wear off, and you’ll get into fights with the spouse you love more than anyone else in the world. So whether you’re married or single, perfectly content or wishing things were different, remember that joy get to choose how you react to your own situation, and you can make the best of it wherever your path lies.
What do you think of the statements listed above? Share your thoughts down in the comments!
Source: Reddit.
10 Actors Perfectly Cast for Their Character Roles
Photo Credit: Warner Bros.
Have you ever watched a movie or show and been completely lost in it because of how well an actor or actress became their character? Check out this article for a whole list of actors who were perfectly cast!
11 Vampire Movies That Will Make You Thirst for More
Photo Credit: Columbia Pictures.
You know that feeling where you’re on a movie kick in a certain genre, but you seem to run out of good movies to watch? Well, if you’re down for a vampire movie or three, check out this article for the best ones out there!
10 Incredible Movies That People Rated 10 Out of 10
Photo Credit: Universal Studios.
It’s pretty hard to replicate the experience of watching your favorite movie for the first time, but we’ve put together a list of movies that people have rated at a perfect 10/10. Next time you need a good movie to watch, check this out!
10 Famous People Who Canceled Themselves With Their Own Stupidity
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We’ve all been there: you make a comment you haven’t thought through at all, and the whole room goes silent at what you’ve just said. But can you imagine doing that as a famous person—and getting canceled? Check out this list of celebrities who did just that!
13 Things You Shouldn’t Do When You’re in the US
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Are you planning a trip to the US? Culture varies a lot between countries, even countries that share borders. So if you’re headed to the good old U. S. of A, here are a few pointers to make your travels go more smoothly!
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Want to learn how to make $1,000 in 24 hours? While it’s not as easy as making $100 in a day, you do have some options. Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level. Perhaps you’re looking for extra money…
Want to learn how to make $1,000 in 24 hours?
While it’s not as easy as making $100 in a day, you do have some options.
Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level.
Perhaps you’re looking for extra money to pay for an unexpected bill that popped up (like a car repair or medical bill!), or maybe you’re just looking to increase your income by having a $1,000-a-day income goal.
Key Takeaways
The fastest way to make $1,000 quickly is to sell stuff from around your home, like electronics, jewelry, or nice furniture.
Freelance jobs like consulting and writing can pay a high income.
Jobs in the gig economy, like driving or delivering, can make you money right away, and you can stack them with others to increase your daily earnings.
$1,000 a day in passive income is possible through starting an e-commerce business, a blog, and selling digital products (like a course or printable).
Best Ways To Make $1,000 In 24 Hours
Here are the best ways to make $1,000 in 24 hours.
1. Sell stuff online and near you
If you want to learn how to make $1,000 by tomorrow, then the fastest option is usually to find items in your home that you already own to sell.
This is because you already have stuff in your home (the average household has over 300,000 items!!) – so you may be able to sell something to make quick cash.
So, these would either have to be a lot of items or more expensive items. For example, you could sell clothing or gift cards, something big like a piece of furniture, electronics (maybe a gaming system or computer?), or a piece of jewelry.
Here are places where you can sell your stuff:
eBay: This site is great for unique or collectible items.
Amazon: Good for books, electronics, and almost everything. Here’s a helpful article to learn more – How To Work From Home Selling On Amazon FBA
Craigslist: The site has a wide range of categories for selling in your local area.
Facebook Marketplace: Connects you with local buyers.
Pawn shops: Quick cash for things like jewelry.
Flea markets: Rent a booth for the day and sell homemade items.
Garage sales: Set up a sale in your yard.
Poshmark: Easy online marketplace to sell clothing online.
To sell your stuff for the most money, make sure you take clear pictures, write honest descriptions (is there a tear or a stain?), price items competitively, and clean your items to make them more appealing.
And, always remember to stay safe by meeting in public spaces and avoid sharing personal information. With some effort and strategic selling, you can reach your $1,000 goal.
2. Start a blog
Starting a blog is not a quick way to make money, but it can be a stepping stone to making $1,000 in a day.
Plus, it’s my favorite way to make money online. In fact, I earn over $1,000 a day with this blog. So, I know that it is possible (don’t assume that means it is easy – it is not easy, trust me!).
Here are some steps to get started with a blog:
Set up your blog:
You’ll want to start by choosing a topic to write about, such as finance, family, travel, food, etc.
Purchase a domain name (this is basically the name of your blog).
Select a hosting service and install WordPress (you can find my tutorial for this here).
Write blog posts:
Write helpful and fun blog posts.
Publish a blog post at least once a week.
Monetize your blog:
Affiliate Marketing: Include affiliate links in your posts.
Sponsored Posts: Partner with brands for sponsored content.
Ad Revenue: Sign up for Google AdSense, Mediavine, Adthrive, or another display advertising company.
Drive traffic:
Promote your content on social media.
Engage in community related to your niche.
Guest post on other blogs to find new readers.
I recommend taking my How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
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Want to see how I built a $5,000,000 blog?
In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
3. Freelance writing
Freelance writing can be a great way to make money quickly.
I have been a freelance writer for years, and I also know of many other freelance writers who are able to earn $1,000 in a day. For a freelancer who writes high-quality articles, a $1,000 day is simply a normal day for them.
Sites like Upwork, Fiverr, and Freelancer have plenty of writing opportunities across many different industries. If you can write quality, original content quickly, it’s possible to reach your goal of $1,000 by taking on multiple writing assignments.
You could also try cold pitching, which is where you find businesses that could benefit from your writing services and send them an email about how you can help them achieve their goals with your writing.
To make $1,000 in a day as a freelance writer, you may want to focus on your existing network as well, if you have one. So, this means that you may want to reach out to former clients or colleagues who might need your writing services.
4. Real estate investing
Although real estate investing requires up-front cost and time, you may be able to build up to earning $1,000 a day.
$1,000 a day is $365,000 a year, which some real estate investors are able to earn through methods such as:
Renting out a home on Airbnb
Flipping properties for income
Investing in REITs
And more.
Recommended reading: How This 34 Year Old Owns 7 Rental Homes
5. Affiliate marketing
Affiliate marketing is my favorite way to earn money, and it helps me to earn $1,000+ a day here on this blog.
With affiliate marketing, you are promoting products or services on your website, email list, or social media account. If you get someone to sign up or purchase through your referral link, you then earn a commission.
Most products that you can think of have an affiliate program too, so there are plenty of things you can share.
Think about sharing books from Amazon on your blog, for example. You share a link to a specific book and tell your readers to buy it through your special link. Companies like Amazon like affiliates who bring in good traffic because it helps them make more sales.
Here’s a helpful article where you can learn more: What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income
6. Making money on YouTube
Creating a successful YouTube channel can lead to you making an income. While it’s unlikely to make $1,000 within 24 hours from right now, you may be able to get up to that amount by building a following on YouTube by consistently producing high-quality videos.
I know several YouTubers who are able to make $1,000 each day through their YouTube channel.
Here’s a breakdown of some different ways to make money with a YouTube channel:
Ad revenue – Once part of the YouTube Partner Program, you can earn money through ad views on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours in the past year to join.
Channel memberships – Your fans pay a monthly fee for special perks like exclusive badges, emojis, and access to members-only content.
Super Chats and Super Stickers – During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages. This is a direct way to earn as you interact with your audience.
Affiliate marketing – Promote products within your videos and include affiliate links in the video description. You’ll earn a commission for every sale made through your links.
Sponsorships – Companies can pay you to create content that features their products, especially if your content aligns with their brand, and you have an engaged audience.
7. Drive with Uber or Lyft
Driving for a rideshare service such as Uber or Lyft can make you money, but it might be difficult to make $1,000 in one day. It can help you to reach a $1,000-in-24-hours goal, though, by stacking it with other side hustle opportunities.
Also, there are things you can do like focusing on high-demand areas and driving during peak hours to increase the amount of money that you can earn.
I know of several people who only drive for these gig apps when they know that they are able to make the most amount of money. This is because you may be able to earn hundreds of dollars extra each day or week by timing when you drive.
Here’s a strategy to boost earnings:
Drive during peak hours – Surge pricing during busy hours means higher rates.
Look for driving bonuses – Look out for streak bonuses and other incentives. Uber or Lyft will list these in the app.
Manage your car expenses – Keep track of your gas, maintenance, and other costs to maximize profits.
Peak Times
Potential Earnings Boost
Rush Hour (AM/PM)
Increased Surge Pricing
Weekend Nights In Nightlife Areas
High Demand, More Rides
Events (concerts, sports games, etc.)
Surge Pricing, Bonuses
To reach your goal, you should know about your city’s traffic and when people need services. Getting $1,000 in a day is tough, but with a good plan, hard work, and a bit of luck, it’s something you may be able to work toward.
Other gigs related to this include driving for Instacart, Doordash, Uber Eats, and other food delivery services to earn cash. They won’t earn you $1,000 in a day, but they can be another way to make money.
8. Sell printables on Etsy
Designing and selling printables on Etsy, such as planner pages or art prints, is a creative way to make passive income. While reaching your goal of $1,000 quickly might be a challenge, growing your Etsy store can lead to long-term earnings.
I know of several successful printables sellers, and it is something that I would like to start one day as well. This is an area that I think will just continue to grow. Printables are very popular these days, and more and more people use them all the time. I personally buy printables all the time, and I find them very easy to use and helpful.
Printables are digital items that you can download and print at home, such as grocery shopping checklists, budget planners, wedding invitations, wall art, and more.
I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Recommended reading: 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.
9. Sell your engagement ring
Selling jewelry, such as an engagement ring, can lead to you making money fast for when you need money right away.
If you really need the money and don’t mind parting with your engagement ring, then this may be an option for you to look into.
The value of your ring will depend on several factors, including the 4 Cs — cut, color, clarity, and carat weight — of the diamond, as well as the metal type and current market conditions.
One company I recommend looking into is Worthy.
Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. They take care of everything, including appraisals and getting payment from the buyer.
You send your jewelry to them using a label they give you, and it’s insured. They put your item up for auction, and professional jewelry buyers can bid on it (you can set a minimum price). After the auction, you get the sale amount minus Worthy’s fee.
It usually takes around 2 weeks for the whole process, from sending the ring to getting paid.
Pawn shops and local jewelers are faster, but they might not give you the best prices. Selling online can make more money, but it takes longer with the auction process.
Recommended reading: How To Sell An Engagement Ring For The Most Money
10. Look for Craigslist gigs that pay
If you’re aiming to make $1,000 in a short span of time, you may be able to find quick jobs on Craigslist. Most of these will be one-time jobs, but there may also be full-time or part-time jobs.
To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.
Here are some jobs I found through a quick search:
Help loading and unloading a moving truck
Help with painting a home
Pet sitting and dog walking
Taking online surveys
Delivery driver
Data entry
Turning photographs into digital copies
Transport and install a microwave
House cleaner
Related reading: How I Earned $655 From Random Craigslist Jobs In One Month
11. Rent out your unused storage space
If you have extra space at home, you can rent it out to people in your area for storage. This could be a garage, driveway, closet, basement, or even an attic.
While reaching $1,000 in a single day would definitely be a stretch, renting out your space could give you a long-term income that you stack with other jobs on this list to make $1,000 a day.
You can use a website called Neighbor to list any extra space you have for rent, and you could make up to $15,000 per year.
You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.
12. Consulting
If you’re really good at something, like business or marketing, selling consulting services can make you a good amount of money. You can charge more because of your expertise, and it’s doable to reach your $1,000 goal by taking on a few well-paying consultations.
I know several consultants who are able to make a very high income, in fact.
Companies hire consultants to get outside knowledge, a fresh viewpoint, and handle specific issues better.
Here’s how to start selling consulting services:
Identify Your Expertise – What are you good at? It could be marketing, finance, management, technology, or any other area where people seek expert advice.
Set Your Rate – Determine an hourly rate that reflects the value of your consultation. As a point of reference, if you charge $250 per hour, you would need to book four hours of consulting to meet your goal.
Network – Reach out to your professional network and let them know about your consulting service. Recommendations can go a long way.
13. Ask for a raise or for more hours
Talking to your boss about a raise might not get you $1,000 in a day, but negotiating a higher salary can be a good long-term strategy to make more money each year.
When approaching your employer about a raise, preparation is key.
Demonstrate your value – Before the meeting, compile a list of your accomplishments, contributions, and any additional responsibilities you’ve taken on.
Research market rates – Know the industry standards for your position and experience level to set a realistic raise request.
Time your ask – Ideally, schedule this conversation after a significant achievement or during a performance review.
Another way to increase your income at the job you already have is by working overtime. If you are paid hourly, you can see if your employer needs you to work any extra.
14. Sell an online course
If you know a lot about something, you can make and sell an online course. Websites like Teachable and Udemy let you create, host, and sell your course. While you might not make $1,000 right away, getting students over time can bring in a good amount of money.
I have an online course that I sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.
And, these are all created and run by people like you and me.
There are many other things you can teach in an online course, such as:
Painting
Music lessons
Fitness and exercise
Time management tips
Parenting
Languages
Computer programming
Personal finance
Traveling
Photography and photo editing
Plants and gardening
Baking and cooking
Arts and crafts
Dropshipping
And so much more!
How Can I Get A $1000 Loan Within 24 Hours?
So, after reading the above, maybe you realize that you need $1,000 quickly and the above won’t work out for you fast enough. If that’s the case, then a loan may be another option to look into.
If you need a $1000 loan in 24 hours, first look at your options. Check if you can use your own things for quick cash. If not, check out personal loans and other ways to borrow money, but be aware that quick loans like these typically have very high interest rates that can be hard to pay off.
1. Assess your credit score: Your credit score plays an important role in your interest rate and terms of a personal loan. Generally, a higher score increases your chances of getting approved for loans with lower interest rates.
2. Explore online lenders: Some online lenders offer loans within a day, so you can get a $1000 loan in 24 hours. Fill out an easy application and compare the terms and payment choices from different lenders to pick the best one for what you need.
3. Look for short-term loans: If time is really important, you may be thinking about short-term loans like payday loans or title loans. They usually get approved faster, but keep in mind, these loans almost always have high interest rates and shorter times to pay back, so please be as careful as you can. You don’t want to go into some crazy debt that you will never be able to pay off.
Frequently Asked Questions About How To Make $1,000 In 24 Hours
Below are answers to common questions about how to make $1,000 in 24 hours.
How can I make a quick $1,000?
To make $1000 quickly, you can start by thinking about selling things you don’t need. Everyone has stuff in their home that they aren’t using – start with those items!
What are the fastest ways to earn $1,000 online?
Some of the fastest ways to earn $1,000 online include:
Freelancing with your skills, such as writing, designing, or coding
Affiliate marketing through your personal blog or social media channels
Creating and selling digital products, like ebooks, graphics, or courses
This really depends on what your definition of fast is. Some of the above income streams will take longer than others, of course.
Which passive income streams can pay $1,000 quickly?
While passive income streams typically take time to build, there are some options that can make $1000 quickly, such as with:
Rental properties, if you own an empty space or have a spare room in your home that you can rent out
Dividend-paying stocks, though you’ll need a very large amount of money invested to make that kind of money in a single day
Online courses or subscription-based services
The initial setup might take time and effort, but the long-term rewards could be worth it. Learning how to make $1,000 a day in passive income is possible, but it would require a lot of up-front legwork to get you there.
Recommended reading: 18 Passive Income Ideas To Earn $1,000+ Each Month
Which freelance jobs can generate $1,000 within a day?
Earning $1000 within a day of freelancing is ambitious, but it’s possible through high-paying gigs and opportunities like:
High-ticket sales or consulting services, where you share valuable advice and expertise
Technical jobs, like IT consulting or software development, if you have in-demand skills
Creative projects with tight deadlines, such as writing marketing copy for advertisements, web design, and graphic design
Learning how to make $1000 in 24 hours online through freelancing is possible, but it will take you some time to get to this point.
How To Make $1,000 In 24 Hours – Summary
I hope you enjoyed this article on how to make $1,000 in 24 hours.
While some may earn you $1,000 in the next 24 hours (such as selling an expensive item that you already own – like jewelry or a gaming system), others may take you time to earn $1,000 in a 24-hour time period.
Some on this list may be a full-time job, and others may be part-time or even one-time odd jobs (such as on Craigslist).
Getting $1,000 in a day might seem hard, but with the right plans and effort, it is doable. Whether you have a surprise expense that you need to pay for, want to boost your savings, or simply just want to start making more money, making money at this level is possible.
Have you ever needed $1,000 fast? What have you done to make $1,000 quickly in the past?