Located along the banks of the Arkansas River, Little Rock offers a unique blend of Southern charm and modern amenities. As the state’s capital and largest city, Little Rock is intriguing option for those considering a move to the South. However, like any city, it comes with its own set of advantages and drawbacks. Whether you’re drawn to its rich history or scenic beauty, it’s essential to weigh the pros and cons of living in Little Rock before calling it your new home. In this article, we’ll explore what makes Little Rock special and help you decide if it’s the right place for you. Let’s dive in.
Little Rock at a Glance
Walk Score: 33 | Bike Score: 32 | Transit Score: 19
Median Sale Price: $250,000 | Average Rent for 1-Bedroom Apartment: $880
Little Rock neighborhoods | Houses for rent in Little Rock | Apartments for rent in Little Rock | Homes for sale in Little Rock
Pro: Affordable cost of living
Little Rock offers an affordable cost of living that’s 5% lower than the national average. Additionally, average housing prices are about $200,000 less than the national average and the overall cost of goods and services is reasonable. This affordability makes it an attractive option for individuals looking to stretch their dollars further while still enjoying a good quality of life.
Con: Hot and humid summers
Summers in Little Rock can be quite uncomfortable due to the high temperatures and humidity. The heat can be oppressive, often reaching the mid-90s Fahrenheit, and the humidity can make it feel even hotter. This weather can be challenging for those who aren’t accustomed to such conditions and can limit outdoor activities during the summer months.
Pro: Scenic riverfront park
Little Rock’s Riverfront Park is a gem that offers residents a beautiful place to relax and enjoy nature. The park stretches along the Arkansas River and features walking trails, playgrounds, and picnic areas. One of the highlights is the Vogel Schwartz Sculpture Garden, which showcases a variety of unique sculptures. The park also hosts numerous events and festivals throughout the year, making it a wonderful community hub.
Con: Limited public transportation
One of the cons of living in Little Rock is the limited public transportation options. The city’s bus system, Rock Region METRO, has a limited number of routes and schedules, which can make it challenging for residents without a car to get around. With a Transit Score of 19, it can be inconvenient for people who rely on public transit for their daily commute or errands to live in this city.
Pro: Excellent culinary scene
Little Rock’s culinary scene is a delightful surprise, offering a range of dining options that cater to various tastes. The city is known for its Southern cuisine, with restaurants like The Root Cafe and The Busker serving up delicious, locally-sourced dishes. Additionally, the city’s food truck scene adds to the variety, providing locals with diverse and exciting culinary experiences.
Con: Air quality concerns
Little Rock occasionally faces air quality issues, particularly during the summer months when ozone levels can rise. This can be a concern for residents with respiratory conditions or those who are sensitive to air pollution. While the city has made efforts to improve air quality, it remains an ongoing challenge that can impact the overall quality of life for some residents.
Pro: Thriving arts scene
Little Rock boasts a thriving arts scene that caters to a variety of tastes. The Arkansas Arts Center is a major cultural institution, offering art exhibitions, theater performances, and art classes. The city also has a lively local music scene, with venues like the White Water Tavern and South on Main hosting live performances regularly. This rich cultural landscape provides ample opportunities for residents to engage with the arts.
Con: Traffic congestion
Despite being a relatively small city, Little Rock experiences significant traffic congestion, particularly during rush hours. The city’s layout and infrastructure can lead to bottlenecks, especially on major thoroughfares like Interstate 630 and Interstate 30. This can result in longer commute times and increased frustration for drivers navigating the city.
Pro: Access to outdoor activities
For outdoor enthusiasts, Little Rock offers a wealth of opportunities to explore nature. Pinnacle Mountain State Park is a popular destination for hiking, with trails that offer stunning views of the surrounding area. The Arkansas River Trail provides a scenic route for biking and walking, connecting various parks and attractions along the river. These outdoor amenities make it easy for locals to stay active and enjoy the natural beauty of the region.
Con: Limited nightlife options
While Little Rock has a few popular bars and clubs, the nightlife scene is relatively limited compared to larger cities. Residents looking for a wide variety of late-night entertainment options may find the city’s offerings somewhat lacking. This can be a drawback for those who enjoy a bustling nightlife and prefer more diverse options for evening activities.
One of the standout pros of living in Little Rock is its strong sense of community. The city hosts numerous community events, such as the annual Riverfest and the Little Rock Marathon, which bring residents together and foster a sense of camaraderie. Neighborhood associations and local organizations also play a significant role in building connections among people, creating a welcoming and supportive environment.
Con: Tornado risk
Living in Little Rock comes with the risk of tornadoes, particularly during the spring and early summer months. The city is located in an area known as “Tornado Alley,” which means residents need to be prepared for severe weather events. This risk can be a source of anxiety for some and requires vigilance and preparedness to ensure safety during tornado season.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
With its charming small-town atmosphere and close-knit community, Minnetonka offers a peaceful retreat from the hustle and bustle of city life. The city’s prominent feature is its abundance of outdoor recreational activities, from boating and fishing on Lake Minnetonka to hiking and biking along the scenic trails. Considered one of the best places to live in Minnesota, Minnetonka provides a high quality of life for its residents, with top-rated schools, thriving businesses, and a strong sense of community. So whether you’re searching for the perfect apartment in the heart of Minnetonka or a cozy rental home in its peaceful suburbs, you’ve come to the right place.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Minnetonka, MN. Let’s get started and see what awaits in this charming lakeside city.
Pros of living in Minnetonka, MN
1. Natural beauty
Minnetonka is surrounded by stunning natural beauty, with an abundance of lakes, parks, and green spaces. Residents can enjoy outdoor activities such as hiking, biking, and boating, making it an ideal location for nature enthusiasts. The city’s commitment to preserving its natural environment provides a peaceful and serene setting for residents to relax and unwind. The area has dozens of parks, from the untouched nature of Purgatory Park to the playgrounds, tennis courts, and skating rinks at facilities like Covington Park.
2. Strong economy
Minnetonka boasts a strong and diverse economy, with a thriving business community and a low unemployment rate. Major corporations like UnitedHealth, Radisson Hotel Group, Cargill, and AmeriPride Services are headquartered in the city and provide ample job opportunities and economic stability for residents. The robust economy contributes to a high standard of living and a wide range of career prospects.
3. Excellent schools
Minnetonka is renowned for its top-rated public schools, offering high-quality education and a strong emphasis on academic achievement. The city’s commitment to education is evident in its well-equipped facilities, dedicated teachers, and comprehensive curriculum.
4. Vibrant cultural scene
Despite its suburban setting, Minnetonka has a vibrant cultural scene, with a variety of art galleries, theaters, and music venues. Residents can immerse themselves in the local arts community, attending performances, exhibitions, and cultural events throughout the year. The city’s rich cultural offerings and organizations like Minnetonka Center for the Arts provide ample opportunities for residents to engage with the arts and expand their horizons.
5. Access to healthcare
Minnetonka offers access to high-quality healthcare facilities and medical services, ensuring that residents have convenient and reliable healthcare options. The city is home to reputable hospitals, clinics, and healthcare providers, prioritizing the well-being and medical needs of its residents. The accessibility of healthcare resources contributes to the overall health and wellness of the community.
6. Friendly neighborhoods
Minnetonka features family-friendly neighborhoods with safe streets, well-maintained parks, and excellent recreational facilities. The city’s focus on creating a welcoming environment is evident in its community programs, events, and amenities. Residents can enjoy a strong sense of community and a supportive network of neighbors.
7. Cost of living
The cost of living in Minnetonka is relatively high compared to the national average. The average rent for a 2 bedroom apartment in Minnetonka is $2,133, slightly less than the $2,217 average rent in Minneapolis. Housing, transportation, and healthcare expenses can be higher than in surrounding towns, impacting the overall affordability for residents. It’s important for individuals considering a move to Minnetonka to carefully evaluate their budget and financial resources to ensure a comfortable standard of living in the city.
Cons of living in Minnetonka, MN
1. Harsh winters
Minnetonka experiences harsh winters with heavy snowfall and freezing temperatures, posing challenges for residents during the colder months. The average annual snowfall is over 53 inches, making it one of the snowier areas of Minnesota. Snow removal and winter maintenance can be demanding, and the cold weather may limit outdoor activities and recreational opportunities. Individuals who are sensitive to cold climates may find the winter weather in Minnetonka to be a significant drawback.
2. Limited public transportation
Minnetonka has limited public transportation options, making it necessary for residents to rely on personal vehicles for daily commuting and travel. The lack of extensive public transit systems can lead to traffic congestion and longer commute times, particularly during peak hours. Individuals who prefer or require public transportation may find the limited options in Minnetonka to be a disadvantage.
3. Suburban lifestyle
While Minnetonka offers a peaceful and suburban lifestyle, some residents may find the lack of urban amenities and bustling city atmosphere to be a downside. The city’s quieter pace and limited nightlife options may not appeal to individuals seeking a more vibrant and fast-paced urban environment. Those accustomed to city living may need to adjust to the suburban lifestyle in Minnetonka.
4. Property taxes
Property taxes in Minnetonka can be relatively high, impacting homeowners and renters alike. The financial burden of property taxes may affect the affordability of housing and overall cost of living for residents. It’s important for individuals considering relocation to Minnetonka to carefully assess the potential impact of property taxes on their budget and financial planning.
5. Commute to urban centers
Residents of Minnetonka may face longer commute times when traveling to major urban centers and downtown areas of Minneapolis and St. Paul. The distance from the city’s suburban location to urban hubs can result in extended travel times and potential traffic congestion. Individuals who require frequent access to urban amenities and employment centers may find the commute from Minnetonka to be a challenge.
6. Limited nightlife options
Minnetonka has limited nightlife options and entertainment venues compared to larger cities, which may be a downside for residents seeking vibrant nightlife and social scenes. The city’s quieter evenings and fewer nightlife establishments may not cater to individuals looking for a bustling and diverse nightlife experience. Those accustomed to a lively social scene may find the limited options in Minnetonka to be a drawback.
The rule of thumb has been that your rent should account for no more than 30% of your gross income, but that percentage isn’t right for everyone. Figuring out your “magic number” can require a little thought.
Individual circumstances matter: Maybe you have a heavy monthly student loan payment while your best friend has none. That means they can likely afford a higher rent than you can at the moment. Also, economic and social forces are shaping how big a bite rent takes out of a paycheck. According to the most recent U.S. Census Bureau data, almost one-third of Americans are spending more than 30% of their income on housing costs, an increase of almost 5 million households vs. three years earlier. That 30% just may not be realistic anymore.
Keep reading for detailed information on how much to spend on rent and how to budget for it.
How Much You Should Spend Depends on Your Situation
Whether you rent or own, housing is typically the largest expense the average U.S. consumer must pay for every month.
Determining how much you can afford is really a matter of monthly budgeting and striking a balance. You can look at your take-home pay and then consider how much you are spending on all of your monthly expenses.
You’ll want to account for the necessities, like housing, utilities, health care, debt payments, food, and clothing, as well as some discretionary expenses, such as entertainment and travel. Ideally, you will also be saving and have some wiggle room when paying your bills to cover unexpected expenses that can crop up.
As noted above, each person’s situation will be unique. One person might have a high salary but steep debt payments (student and car loans and a credit card balance to contend with). Another might earn less but be debt-free and therefore able to allocate more toward rent.
Where and how you live also makes a difference. In America’s biggest cities, it’s common for renters to pay a larger share of their income for housing. For example, one recent Moody’s Analytics report found that 57% of those in the New York metro area pay more than 30% of their income toward rent and 36.6% of those in Miami are in the same (very pricey) boat. When compared to the person who lives in, say, a small city in the Midwest or South, there’s likely a major price gap.
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Figuring Out How Much You Should Spend on Rent
There are several ways to come up with solid guidelines for how much to pay in rent based on your particular situation.
Use a Budgeting Rule
You’ve already learned about the rule of thumb — one that’s been around for decades — which puts the ideal housing costs at 30% of your after-tax income, no matter how much you earn.
That rather broad guideline dates back to the Brooke Amendment, which capped public housing rents at 25% of an individual’s income in 1969. Congress raised the cap to 30% in 1981, and eventually it became the go-to guide for determining “cost burden” — the amount of income a family could spend and still have enough left for other expenses — even those who aren’t in low-income households.
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Another perhaps more useful approach is the 50/30/20 budget method, which was made popular by Sen. Elizabeth Warren’s book All Your Worth: The Ultimate Lifetime Money Plan.
The 50/30/20 budgeting method suggests dividing your after-tax income into three main categories, putting 50% toward needs (essential costs like housing, transportation, groceries, utilities, etc.), 30% toward wants, and 20% toward savings.
Following those guidelines, your rent would qualify as a need. But it remains up to you to decide how much of that 50% you want to — or feel you have to — spend on housing. If you live in a major city or tech hub, your rent may be high enough that you have to make adjustments to other essentials in your budget and/or borrow from other categories (say, cutting back on those wants, such as dinners out).
Factor in Costs
Another way to look at your rent budget is to remember that your housing costs are more than just your monthly payment to the landlord. If you only do your financial projections using that single expense, you could wind up with a too tight budget.
It can be valuable to consider all the facets of your rent: There may be a security deposit, moving costs if you are heading to a new place, utilities like electricity and wifi, as well as the cost of furniture if you are a first-time renter. Remember to add in any parking costs related to a rental, as well as renter’s insurance.
Develop a budget that acknowledges these expenses. Will you have to dip into savings for that security deposit? Will some expenses have to go on your credit card? Making these calculations can give you a better bead on your housing costs and may lead you to a new and improved budget.
Look at Other Ways to Save
There are other moves you can make to free up funds for rent if your monthly costs are running high. A few ideas:
• Consider getting a roommate. That can cut your housing costs dramatically and can be a good option if you feel you are living paycheck to paycheck.
• Look for less expensive locations. These may just be a few blocks or a zip code away from your ideal area, but they can make a major difference in your cost of living. For instance, if you can live 20 minutes further away from your workplace, you might reap significant savings on your rent.
• Check with providers about monthly charges and interest rates. Sometimes, you may get lucky and find that your wireless provider can lower your bill or your credit card can take your annual percentage rate, or APR, down a notch.
• Look for other ways to economize on non-rent expenses. Join a warehouse club and split the bounty with a friend or two to save on food costs. Minimize the number of streaming services you have. Cut back on rideshares and take public transportation; check out free music and other cultural offerings in your town.
💡 Quick Tip: When you feel the urge to buy something that isn’t in your budget, try the 30-day rule. Make a note of the item in your calendar for 30 days into the future. When the date rolls around, there’s a good chance the “gotta have it” feeling will have subsided.
The Takeaway
One common guideline says that 30% of your income (before taxes) can be allotted to rent. But everyone’s financial situation is different. Some people live in cities that are pricey; other people have student and car loans that must be paid. By using budget guidelines, you can determine the right figure for your circumstances.
Having the right banking partner may also help you budget better.
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FAQ
Is 30% on rent unrealistic? Is it too much?
Spending 30% of your gross income is a popular guideline, but only you can determine if it works for you. For some people, 30% will be too much, given their other expenses. For others, such as those in major cities, 30% may be a desirably low number.
How much of my salary should I spend on rent?
The usual guideline is to spend no more than 30% of your pretax salary on rent, but some people may find that they must spend more than that. Currently, about one third of all renters spend more than that figure.
Am I overspending on rent?
Some ways to tell that you are overspending on rent would be if you are living paycheck to paycheck, if you are not able to pay down your debts, and if you are not able to save money. If you are in this situation, it can be wise to take a holistic look at your budget, including rent, and see where you can find a better balance, which might include lowering your rent.
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Located in the heart of the Willamette Valley, Eugene is a city that effortlessly blends natural beauty with a lively cultural scene. Known for its lush parks, extensive bike trails, and the picturesque Willamette River, Eugene offers a unique lifestyle that appeals to outdoor enthusiasts and urban dwellers alike. If you’ve been thinking about moving to Eugene you’re in the right place. In this article, we’ll explore the pros and cons of living in Eugene to help you decide if it’s the right place for you. Let’s dive in.
Eugene at a Glance
Walk Score: 46 | Bike Score: 72 | Transit Score: 32
Median Sale Price: $490,000 | Average Rent for 1-Bedroom Apartment: $1,700
Eugene neighborhoods | Houses for rent in Eugene | Apartments for rent in Eugene | Homes for sale in Eugene
Pro: Access to outdoor activities
Eugene is renowned for its proximity to a variety of outdoor activities. The city is just a short drive from the Cascade Mountains, where residents can enjoy hiking, skiing, and snowboarding. Additionally, the Willamette River runs through the city, offering opportunities for kayaking, fishing, and riverside picnics. The extensive network of bike trails, including the popular Ruth Bascom Riverbank Path System, makes it easy for cyclists to explore the natural beauty of the area.
Con: Rainy weather
One of the cons of living in Eugene is the frequent rainy weather. The city experiences an average of 155 rainy days per year, which can be a challenge for those who prefer sunny skies. The persistent drizzle and overcast conditions can sometimes dampen outdoor plans and affect mood. Residents often need to invest in quality rain gear and develop a tolerance for the wet climate.
Pro: Strong arts and culture scene
Eugene boasts a thriving arts and culture scene, with numerous galleries, theaters, and music venues. The Hult Center for the Performing Arts hosts a variety of performances, including ballet, opera, and concerts. The city is also home to the University of Oregon, which contributes to a vibrant cultural landscape with its art exhibits, film screenings, and literary events. Additionally, the annual Oregon Bach Festival is a highlight, attracting classical music enthusiasts from around the world.
Con: Limited public transportation
With a Transit Score of 32, Eugene has a public transportation system, but it’s not as extensive or efficient as those found in larger cities. The bus routes can be limited, and service frequency may not meet the needs of all residents. This can make it challenging for those without a car to navigate the city and access certain areas. Additionally, the lack of a light rail or subway system means that commuting options are somewhat restricted.
Pro: Eco-friendly initiatives
Eugene is known for its commitment to sustainability and eco-friendly initiatives. The city has implemented various programs to promote recycling, reduce waste, and encourage the use of renewable energy. Many local businesses and residents participate in composting and urban gardening projects. The city’s dedication to green living is evident in its numerous parks, community gardens, and the emphasis on preserving natural spaces.
Con: High cost of living
The cost of living in Eugene is 9% higher than the national average. The demand for homes and apartments has driven up prices, making it challenging for some people to find affordable accommodations near the city. Additionally, the cost of goods and services can be higher than in other parts of Oregon. This can be a significant consideration for those working with tight budget.
Pro: Local food and farmers markets
Eugene is a haven for food enthusiasts, with a strong emphasis on locally sourced and organic produce. The city hosts several farmers markets, including the popular Lane County Farmers Market, where locals can purchase fresh fruits, vegetables, and artisanal products. Local restaurants often feature farm-to-table menus, highlighting the region’s agricultural bounty. The emphasis on sustainable and healthy eating is a significant draw for many residents.
Con: Air quality issues
During certain times of the year, Eugene can experience air quality issues due to wildfires in the region. Smoke from nearby fires can drift into the city, leading to hazy skies and health advisories. This can be particularly problematic for individuals with respiratory conditions or sensitivities. While these events are typically seasonal, they can impact outdoor activities and overall quality of life during the affected periods.
Pro: Educational opportunities
As the home of the University of Oregon, Eugene offers a wealth of educational opportunities. The university provides a range of undergraduate and graduate programs, as well as continuing education courses for lifelong learners. The presence of the university also means access to world-class libraries, research facilities, and cultural events.
Con: Limited nightlife
For those who enjoy a bustling nightlife, Eugene may feel somewhat lacking. While there are a few bars, clubs, and live music venues, the options are limited compared to larger cities. The nightlife scene tends to be more subdued, with fewer late-night entertainment choices. This can be a drawback for those looking for vibrant social activities after dark.
Another pro of living in Eugene is the city’s strong sense of community and civic engagement. Residents are often involved in local initiatives, volunteer work, and neighborhood associations. The city hosts numerous community events, such as the Eugene Saturday Market and the Oregon Country Fair, which foster a sense of belonging and connection. This active participation in community life contributes to a welcoming and inclusive atmosphere.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Should landlords report rent payments to credit bureaus? In this post, I’ll discuss the pros and cons for landlords and tenants. This topic is often misunderstood, with many believing landlords are against the idea to keep tenants from building good credit.
In reality, landlords might benefit from this more than tenants, while the implications for tenants can be complex and sometimes detrimental. Let’s dive in.
Table of Contents
Video Overview
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The Current State of Rent Reporting
Rent payments are not typically reported to credit bureaus. Some property management companies and national property management software providers do report rent, but it’s not widespread. As a landlord, I have reviewed many tenant credit reports and rarely, if ever, see late rent payments reported. Instead, credit issues related to rent usually show up as judgments or evictions, which are public records.
What is the Best Way to Screen Tenants for Rentals?
The Pros and Cons for Landlords
Pros:
Better Tenant Screening: Reporting rent payments could help landlords identify reliable tenants who pay on time, thus reducing the risk of late payments and potential evictions.
Incentivizes Timely Payments: Knowing that late or missed rent payments will affect their credit scores, tenants might be more motivated to pay on time.
Improved Tenant Credit: For tenants who consistently pay on time, rent reporting can help build their credit history, potentially aiding them in future financial endeavors such as buying a home.
Cons:
Cost: Some rent reporting services charge fees to landlords, which can add up over time.
Administrative Burden: Setting up and managing rent reporting requires additional time and effort from landlords.
Tenant Pushback: Tenants who are concerned about the impact of potential late payments on their credit might resist renting properties where rent is reported.
The Pros and Cons for Tenants
Pros:
Credit Building: Regular, on-time rent payments can help tenants build or improve their credit scores, making it easier to secure loans or credit in the future.
Financial Accountability: Knowing their rent payments are being reported might encourage tenants to budget more effectively and prioritize timely payments.
Cons:
Risk of Negative Impact: Late or missed rent payments could significantly damage a tenant’s credit score, making it harder to secure future housing or loans.
Increased Scrutiny: Tenants with less-than-perfect payment histories might struggle to find landlords willing to rent to them if rent reporting becomes widespread.
Legal and Practical Considerations
Before landlords start reporting rent payments, they must consider the legal implications and ensure they comply with local laws. Some states have stringent tenant protection laws that could impact the ability to report rent payments. For example, in Colorado, landlords cannot check credit reports if the tenant’s rent is entirely paid by public assistance. Always consult with a legal professional to navigate these complexities.
Should you use a property manager?
How to Report Rent Payments
Several services facilitate rent reporting for both landlords and tenants. These include:
Experian Boost: Tenants can add their rent payments, as well as utility, cell phone, and streaming service payments, to their credit reports through Experian Boost.
RentTrack: This service reports to Experian, TransUnion, and Equifax, and can include past rental payments for an additional fee.
ClearNow: Tenants pay rent through a portal, which then reports the payments to Experian.
What is the best way to manage rentals?
Conclusion
Reporting rent payments to credit bureaus has potential benefits for both landlords and tenants. But it also carries significant risks. It is crucial to weigh these pros and cons carefully and consider the specific legal context in your state. For landlords, this could mean better tenant screening and incentivizing timely payments, but it also comes with costs and administrative challenges. For tenants, it could help build credit but also pose risks if payments are late.
As an experienced real estate investor and landlord, I see the value in rent reporting but also understand the potential downsides. It’s a complex issue that requires careful consideration and legal guidance.
I’d love to hear your thoughts on this topic. Should rent payments be automatically reported to credit bureaus? Should it be a choice left to landlords and tenants? Let me know in the comments below!
Boulder offers a unique blend of natural beauty and urban charm with its thriving outdoor culture, vibrant arts scene, and a strong sense of community. Considered one of the healthiest and happiest cities in the country, living in Boulder comes with a focus on wellness and sustainability. So whether you’re searching for the perfect apartment in Boulder or eyeing a spacious rental house in the surrounding neighborhoods, you’ve come to the right place. In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Boulder.
Pros of living in Boulder, CO
1. Outdoor paradise
With its close proximity to the Rocky Mountains and an abundance of hiking, biking, and rock climbing opportunities, Boulder is a haven for outdoor enthusiasts. Residents can enjoy the scenic beauty of Chautauqua Park, Eldorado Canyon State Park, and the Flatirons, making it an ideal location for those who love to stay active and explore nature.
2. Thriving food scene
Boulder boasts a vibrant culinary scene, with a focus on farm-to-table dining and locally sourced ingredients. From trendy cafes and food trucks to upscale restaurants like Corrida, the city offers a diverse range of dining options to cater to every palate. The Boulder Farmers’ Market is also a popular destination for fresh produce and artisanal goods, adding to the city’s appeal for food lovers.
3. Progressive community
Boulder is known for its progressive and environmentally conscious community, making it an ideal place for individuals who value sustainability and social responsibility. The city’s commitment to green initiatives, renewable energy, and eco-friendly practices creates a welcoming environment for those who prioritize environmental stewardship.
4. Active lifestyle
With a strong emphasis on health and wellness, Boulder offers a plethora of fitness and wellness facilities, including yoga studios, fitness centers, and outdoor workout spaces. The city’s active lifestyle culture encourages residents to prioritize their physical and mental well-being, fostering a sense of vitality and balance in daily life. Boulder even hosts an annual yoga festival: the Hanuman Festival.
5. Cultural diversity
Despite its relatively small size, Boulder embraces cultural diversity and hosts a variety of cultural events, festivals, and art exhibitions throughout the year. In the summer, locals can enjoy events such as the Boulder Jewish Festival and the Colorado Shakespeare Festival. Residents can immerse themselves in the city’s rich tapestry of music, art, and traditions, contributing to a vibrant and inclusive community spirit.
6. Academic excellence
Home to the University of Colorado Boulder, the city benefits from a strong academic presence and intellectual vibrancy. The university’s contributions to research, innovation, and cultural exchange enrich the local community and provide opportunities for lifelong learning and personal growth.
7. Scenic beauty
Boulder’s picturesque surroundings, including its stunning mountain vistas and lush green spaces, offer residents a visually captivating and serene environment. The city’s natural beauty provides a sense of tranquility and inspiration, making it an idyllic place to call home.
Cons of living in Boulder, CO
1. High cost of living
Boulder’s desirability comes at a price, as the cost of living is quite high. The average rent for a 2 bedroom apartment in Boulder is $2,600 which is significantly higher than the national median rent of $1,987. Housing, utilities, and everyday expenses can be steep, posing a financial challenge for many residents. The competitive real estate market and limited affordable housing options can also make it difficult for individuals to find suitable accommodations within their budget.
2. Limited public transportation
While Boulder promotes a bike-friendly and pedestrian-friendly environment, the city’s public transportation system is relatively limited. Boulder’s transit score is 47 out of 100, indicating that there are bus routes within the city but some errands may require a car. Residents who rely on public transit may find it challenging to commute to certain areas, especially compared to larger metropolitan areas with more extensive transit networks.
3. Seasonal weather extremes
Boulder experiences distinct seasonal changes, including hot summers and cold winters, which may not be suitable for everyone. The average annual snowfall is almost 7.5 feet. The city’s high altitude and exposure to mountain weather patterns can lead to temperature fluctuations and occasional extreme weather events, requiring residents to adapt to diverse climate conditions throughout the year.
4. Limited job market
Despite its appeal as a desirable place to live, Boulder’s job market may be limited in certain industries. Major employers include Ball Aerospace, Medtronic, IBM, and Northrup Grumman. The city’s economic focus on technology, education, and research may not fully cater to diverse professional backgrounds, potentially impacting job prospects for some residents.
5. Tourist influx
Boulder’s popularity as a tourist destination can result in seasonal influxes of visitors, especially during peak outdoor recreation periods and major events. While tourism contributes to the city’s economy, it can also lead to crowded public spaces, increased traffic, and a temporary disruption of the local atmosphere for residents.
6. Altitude adjustment
Due to its high elevation, some individuals may experience challenges adjusting to Boulder’s altitude, which can affect respiratory health and physical performance. New residents or visitors coming from lower elevations may need time to acclimate to the thin air and potential effects on their well-being.
Renting a car with a credit card is easier than renting a car without a credit card, but both methods are possible at many major car rental agencies. Car rental companies typically put customers through more hoops to rent a car without a credit card.
In this guide, we’ll cover how to rent a car without a credit card — but also explore the potential perks of paying for a rental car with a credit card, when possible.
Is It Possible to Rent a Car Without a Credit Card?
So do you need a credit card to rent a car? Technically, no, you do not have to have a credit card to rent a car. It’s possible to rent a car with a debit card at some major rental agencies. Some agencies even accept prepaid gift cards, cash, or money orders as a form of payment at the end of the rental.
Each rental agency has its own stipulations about paying by debit card. Some franchises may not follow corporate policy, so it’s always a good idea to call the specific rental agency location to ask about payment options before arriving at your destination.
Common requirements for customers paying for a rental without a credit card include:
• Security deposit: Many agencies will put a hold on your debit card for the cost of the rental, plus an additional amount. You will not be able to use the money being held for the duration of your trip, which can make funding your vacation more challenging.
• Credit check: If you are paying with a debit card (or cash), some rental car agencies may perform a credit check. This could result in a hard inquiry on your credit report, which might temporarily lower your score.
• Identification: Renting a car without a credit card might mean that the rental agency needs to see multiple valid forms of ID.
• Age: While 25 is often the magic number to rent a car, it is possible to rent a car as a younger driver. Many agencies charge “young driver fees” to do so. However, if you are renting a car with a debit card, agencies may not allow drivers under the age of 25.
• Proof of return travel: If renting from an airport with a debit card, many agencies want to see a ticketed return travel itinerary as an extra assurance that you will return with the car.
• Logos: Some rental car agencies require debit or prepaid cards to carry the logo of a major credit card company, like Mastercard, Visa, or Discover.
The following rental car agencies allow you to rent a car without a credit card at participating franchises if you meet their specific requirements (though note this is not an exhaustive list):
• Alamo
• Avis
• Budget
• Dollar
• Enterprise
• Hertz
• National
• Sixt
• Thrifty
• Turo
Recommended: Buying a Car with a Credit Card
Why Rental Car Agencies Typically Require a Credit Card to Rent a Car
Why do you need a credit card to rent a car at some agencies, and why do others impose a number of requirements for debit card payments? Here are the reasons rental car agencies require a credit card or other information.
Proof of Reliability
Having a credit card inherently demonstrates to a rental car agency that a creditor trusts you enough to borrow their money. Because rental car agencies can ascertain your creditworthiness from a credit card in your name, they don’t need to run a credit check before loaning you a $25,000 piece of machinery.
Ability to Collect Repair Fees
If you return the car damaged, the rental car agency will need to pay for these repairs. Car insurance (whether through your own policy, credit card travel insurance, or the agency’s policy) may cover most of the charges, but you still might owe a deductible. Without proper insurance, there is a risk that the repair costs will exceed your security deposit.
Though you can rent a car without a credit card, if you pay with a debit card, the rental agency runs the risk of your checking account not having enough funds to cover the cost. There is a better chance the agency can charge your credit card without hitting your credit limit.
Ability to Collect Tickets and Fees
Similarly, if you go through any electronic toll booths or receive a ticket without being pulled over (e.g., through a traffic camera), the rental car agency can charge your credit card to pay the outstanding balance. Again, they face less risk of maxing out a credit card than overdrawing a checking account, which is why some agencies prefer customers renting a car with a credit card.
Benefits of Using a Credit Card for a Car Rental
Here are just a few potential perks of swiping your credit card for a car rental:
• It’s easier. As discussed above, renting a car without a credit card can complicate the process.
• You might have insurance. Some travel credit cards offer car insurance when you use them to pay for a rental car. Research your card’s policy carefully to understand what coverage it provides and how to use it. For example, many credit cards with travel insurance require that you decline the rental agency’s insurance; some only offer secondary insurance, meaning you need to file claims through your own auto insurance first.
• You might get discounts. Some credit cards offer special discounts at select car rental agencies. Check your card’s policy to understand where and how to get discounted rates.
• You could earn rewards. As mentioned above, you might qualify for cash back rewards when you opt to cover your rental car with a credit card payment. Other cards may pay out rewards as miles or points. Travel credit cards might even offer extra points for travel-related expenses, like rental cars.
Typical Rental Car Credit Card Interest Charges
When you rent a car, the agency typically puts a hold on your credit card for a set amount, often the value of the rental car agreement; this is commonly called a security deposit. During the rental period, these funds will count toward your credit limit.
When you return the car, the agency will charge you the amount of the rental, plus any fees incurred during the rental (damages, extra days, late drop-off, etc.). If the initial hold was more than the final cost of the rental, the agency will put that amount back on your card.
Because you pay interest on money borrowed with a credit card, it’s possible you might incur interest on the held security deposit. However, paying off a credit card in full every month is a smart strategy for avoiding interest charges given how credit cards work.
Recommended: When Are Credit Card Payments Due?
The Takeaway
Renting a car with a credit card makes the process much easier and can have benefits for the renter as well. However, it is possible to rent a car without a credit card. Just be prepared to take additional steps to get behind the wheel.
Whether you’re looking to build credit, apply for a new credit card, or save money with the cards you have, it’s important to understand the options so you can use your credit card responsibly.
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Wherever you’re going, get there with SoFi Travel.
FAQ
Do I need a credit card for rental car insurance?
You do not need a credit card to purchase rental car insurance. While using a credit card makes it easier to secure a rental, most agencies allow you to pay upon your return with a credit card, debit card, or even cash, a gift card, or a money order. That includes the cost of insurance provided by the rental agency.
However, many car insurance providers cover rental cars in their policies, especially in the United States. Check with your agent to see if you’re covered. Additionally, some credit cards offer rental car insurance when you use them to pay for the rental. Your credit card benefits administrator can explain how, if, and when coverage applies.
Is it easier to rent a car with a credit card or debit card?
Renting a car with a credit card is easier than renting a car with a debit card. Many agencies will let you rent with a debit card; they just have additional requirements for you to meet before renting.
What form of payments are accepted for renting a car?
While rental agencies generally prefer credit cards for payment, some agencies allow you to book and rent a car with a debit card. Upon return, you may be able to pay for the car with a prepaid gift card, cash, or money order.
Can I use someone else’s credit card to rent a car?
If you use someone else’s credit card to rent a car, that person must be present to pick up the rental and be the main driver. If you intend to drive the rental, you will likely have to pay a fee for an additional driver, as you can’t be listed as the primary driver when using someone else’s credit card.
Photo credit: iStock/skynesher
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Located in the heart of East Tennessee, Knoxville is a city that beautifully blends Southern charm with modern amenities. Known for its vibrant arts scene, historic architecture, and the stunning backdrop of the Great Smoky Mountains, Knoxville offers a truly unique living experience. So, if you’ve been asking yourself, “Should I move to Knoxville, TN?” you’re in the right place. In this article, we’ll explore the pros and cons of living in this city and help you decide if it’s the perfect place for you to call home. Let’s get started.
Knoxville at a Glance
Walk Score: 31 | Bike Score: 30 | Transit Score: 27
Median Sale Price: $322,000 | Average Rent for 1-Bedroom Apartment: $1,375
Knoxville neighborhoods | Houses for rent in Knoxville | Apartments for rent in Knoxville | Homes for sale in Knoxville
Pro: Access to the Great Smoky Mountains
One of the standout features of living in Knoxville is its proximity to the Great Smoky Mountains National Park. Just a short drive away, residents can enjoy hiking, camping, and breathtaking scenic views. The park offers a variety of trails for all skill levels, from leisurely walks to challenging hikes, making it a perfect escape for nature enthusiasts. Additionally, the changing seasons provide a stunning backdrop, with vibrant fall foliage and blooming wildflowers in the spring.
Con: Limited public transportation options
While Knoxville offers a lot in terms of natural beauty, its public transportation system leaves much to be desired. The city’s bus system, KAT (Knoxville Area Transit), has limited routes and schedules, making it difficult for residents without a car to navigate the city efficiently. With a Transit Score of 27, travelling can be particularly challenging for those who rely on public transportation for their daily commute or errands.
Pro: Affordable cost of living
The cost of living in Knoxville is 13% lower than the national average. Additionally, average housing prices are about $100,000 less than the national average allowing residents to find a variety of housing options that fit different budgets. Additionally, everyday expenses such as groceries, utilities, and healthcare are generally more affordable. This affordability allows many to enjoy a higher quality of life without the financial strain found in more expensive cities.
Con: Humid summers
One downside to living in Knoxville is the humid summer weather. The high humidity levels can make the summer months feel particularly oppressive, with temperatures often soaring into the 90s. This can be uncomfortable for those who are not accustomed to such conditions and can limit outdoor activities during the peak of summer. Air conditioning becomes a necessity, leading to higher energy bills during these months.
Pro: Rich cultural scene
Knoxville boasts a rich cultural scene that includes a variety of museums, theaters, and music venues. The Knoxville Museum of Art and the East Tennessee History Center offer locals a chance to explore local art and history. Additionally, the Tennessee Theatre hosts a range of performances, from Broadway shows to concerts, providing ample entertainment options. The city’s extensive cultural offerings make it a hub for arts and entertainment enthusiasts.
Con: Limited nightlife
For those who enjoy a bustling nightlife, Knoxville may fall short of expectations. While the city has a selection of bars, pubs, and live music venues, the options are relatively limited compared to larger metropolitan areas. The nightlife scene tends to be more laid-back, which may not appeal to those looking for a more vibrant and diverse array of evening entertainment.
Pro: Proximity to the University of Tennessee
The presence of the University of Tennessee in Knoxville brings numerous benefits to the city. The university not only provides educational opportunities but also contributes to the local economy and cultural scene. Residents can enjoy college sports events, particularly football games at Neyland Stadium, which foster a strong sense of community. Additionally, the university offers various public lectures, workshops, and events that enrich the intellectual life of the city.
Con: Air quality concerns
One of the environmental challenges Knoxville faces is its air quality. The city has struggled with air pollution, particularly ozone levels, which can affect residents’ health and quality of life. On days when air quality is poor, individuals with respiratory conditions may experience increased symptoms, and outdoor activities may be limited. Efforts to improve air quality are ongoing, but it remains a concern for many residents.
Pro: Outdoor recreation opportunities
In addition to the Great Smoky Mountains, Knoxville offers a wealth of outdoor recreational opportunities within the city itself. The Urban Wilderness, a 1,000-acre outdoor adventure area, provides trails for hiking, mountain biking, and trail running. The Tennessee River also offers opportunities for kayaking, paddleboarding, and fishing. These outdoor amenities make it easy for residents to stay active and enjoy the natural beauty of the area without having to travel far.
Con: Pollen allergies
Knoxville’s lush greenery and abundant plant life, while beautiful, can be a double-edged sword for people who suffer from allergies. The city is often ranked among the worst in the nation for seasonal allergies, particularly in the spring and fall. Pollen from trees, grasses, and weeds can cause significant discomfort for allergy sufferers, leading to symptoms such as sneezing, congestion, and itchy eyes. Managing allergies can be a constant challenge for some residents.
Pro: Thriving food scene
Food lovers will find much to appreciate in Knoxville’s thriving culinary scene. The city offers a diverse array of dining options, from Southern comfort food to international cuisine. Local favorites include the farm-to-table dishes at The Plaid Apron and the innovative menu at J.C. Holdway. Additionally, the city hosts food festivals and farmers’ markets that showcase local produce and artisanal products, making it a great place for food enthusiasts to explore and enjoy.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Interest rates remain at a 23-year-high, and they’re likely to stay that way for longer than anticipated.
The Federal Reserve met earlier this week and, unlike some earlier expectations, decided to hold rates steady. While the Fed typically meets every 6.5 weeks (8 times a year), they’re expected to maintain this stance for several upcoming meetings.
This shift comes as a surprise. Back in January, analysts and investors predicted a decrease in rates by now. Discussions even centered on whether the drop would happen in Q2 vs. Q3.
Nobody is talking about that anymore.
Inflation hasn’t cooled as much as hoped. As of March, the consumer price index stood at 3.5 percent, well above the Fed’s target 2 percent. (April’s CPI data will become available on May 15).
The Fed released a statement on Wednesday citing “a lack of further progress toward the Committee’s two percent inflation objective” in their decision to hold rates steady.
Until inflation drops, interest rates are likely to stay high.
High interest rates are keeping both homeowners and renters in a bind.
Homeowners Handcuffs vs. Tenant Trifecta
The rapid rise in interest rates is creating a logjam in the housing market.
The national average 30-year fixed rate on a mortgage is 7.75 percent, according to USA Today.
Around 70 percent of homeowners have mortgage interest rates that are more than 3 percentage points below the current rate.
This creates a golden handcuffs scenario — a “lock-in effect” due to the financial penalty that comes from selling.
While this might sound like a ‘champagne problem’ — a problem of abundance — the reality is that many homeowners are reluctant to change jobs, relocate for work or family, or make other moves that would be beneficial to their lives.
The result? A 57 percent plunge in existing home sales last year, according to a report from the Federal Housing Finance Agency.
This drop in supply is one reason why nationwide home prices rose 5 percent last year.
Rising home prices makes life tougher for renters, who feel increasingly shut out of the housing market.
Any renter who aspires to own a home faces a tough trifecta: high interest rates, high home prices, and low inventory.
It’s the opposite side of the coin. Both renters and homeowners face a problem that stems from the same source: a constrained housing market.
Househack. Buy a duplex, triplex, or 4-plex, which will offset some of the high housing costs you face.
If you live in an area that lacks multiunits, buy a single-family home and retrofit a portion of it into an autonomous dwelling. Convert the basement or garage into a separate unit. Build an accessory dwelling unit (ADU), which in some regions is called a casita, in-law suite or granny flat.
This holds a dual benefit: you contribute to the solution (creating more supply), while also collecting income to offset your housing costs.
This email won’t cover everything, but a few days ago, I did a YouTube livestream in which I answered a question from a VIP List subscriber who wants to househack. This person calculated that their out-of-pocket housing costs would come to $300 per month. They asked for feedback. Here’s what I said. [Starts at 8 min, 15 seconds]
If you’re a homeowner feeling trapped:
Feeling trapped in your home but the desire to move is strong? Let’s break it down.
First, how urgent is the move? Is it a non-negotiable career or family situation? (These are big reasons to move). Or is it more about wanting a bigger space? (This can potentially wait.)
If moving is crucial, consider becoming an accidental landlord. Here’s the idea:
Hold your current home and rent it out.
Find a rental place in your new city as you save for a downpayment on your next home. (Bonus: reduced transaction costs; higher likelihood of buying after rates decline, which eliminates the cost and hassle of a refi).
Don’t sweat squeezing every last dollar out of your accidental rental. This isn’t a dedicated investment property; avoid the “comparison trap” if you chat with experienced rental investors.
Focus on finding a good tenant who takes care of the place. The rental income should primarily help cover your costs, not maximize your profits.
The profit-maximizing properties are bought with that intention. This is a holding, not an acquisition.
Do you want to learn how to make $50 a day? Whether you are looking to make extra income with a side hustle or if you are looking for a full-time career, there are many ways to make $50 or more each day. There are many ways to make $50 a day, like working from…
Do you want to learn how to make $50 a day?
Whether you are looking to make extra income with a side hustle or if you are looking for a full-time career, there are many ways to make $50 or more each day.
There are many ways to make $50 a day, like working from home or selling things online. Learning how to make extra money can change your life, whether it’s for daily expenses, saving for big goals, or even early retirement. Making $50 a day can be a stepping stone or a big achievement.
Best Ways To Make $50 a Day
Below are the best ways to make $50 a day.
Recommended reading: How To Make $100 A Day
1. Sell printables
Earning $50 a day can be possible with printables. Making and selling things on Etsy is a super creative way to earn money on the internet. It’s especially great for people who are into art and creativity to make some extra cash.
Printables are digital files that customers can download and print on their own. Some examples of what you can sell on Etsy include shopping lists, gift tags, art you can print and hang on your wall, travel checklists, and coloring pages.
Plus, if you want to learn how to make $50 dollars a day in passive income, then selling digital products like printables is one option to start with.
I recommend reading How I Make Money Selling Printables On Etsy to learn more.
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.
2. Proofreading
Earning $50 a day might seem tricky, but it’s totally possible if you try proofreading. That’s when you read writing to catch and fix mistakes.
If you like spotting mistakes in writing and want to make $50 every day, then learning to proofread could be a good fit for you.
Proofreading can be something you do on the side or turn into a full-time job that you can do from home. And yes, you can definitely make $50 a day with it. Lots of proofreaders make around $40,000 a year or even more.
To learn more about proofreading, please read How To Start A Proofreading Business And Make $4,000+ Monthly (this is actually an interview with my sister-in-law, who is a very successful proofreader and editor!).
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
3. Blogging
When I first started blogging, one of my goals was to make $50 a day. I have now completely surpassed that goal by a lot, so I know that it is possible!
Starting a blog can be an exciting way to earn some extra cash. You might be surprised to find out that blogging can be quite affordable to start. With a little bit of effort, your blog just might become a place where you can share what you love, and earn money doing it.
A blog is a website that can be about whatever topic you are interested in writing about, such as personal finance, travel, food, organization, family, pets, and more.
You can learn how to start a blog for free at How To Start A Blog FREE Course. In this free course, I teach you what you need to know about starting a blog, from the technical stuff to making your first money and getting people to read it.
There are also many other ways to make money similar to this as well, such as by starting a YouTube channel or TikTok.
4. Answering paid online surveys
Making $50 a day from just surveys would be hard, I will not lie. But, you can combine answering paid online surveys with some other side hustles so that you can reach your $50 a day goal.
When I was paying off my student loans, I made sure to fill out lots of surveys every week. I did it before work, during my lunch break, or after work. It was great because I could earn money from survey sites whenever I had free time.
Survey companies pay you to do things like answer surveys, watch videos, and try out products. Sometimes, they even give you free products so you can test them out and give your opinion.
Here are some online survey companies that pay you for your opinions:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Prime Opinion
Five Surveys
User Interviews – This is a great site for online focus groups that pay over $50.
Pinecone Research – This is a great site that occasionally lets you test out physical products (I was once sent toilet paper to review).
5. Bookkeeping
If you’re good with numbers, bookkeeping is a way to make $50 a day. Bookkeepers help businesses keep track of their finances. This job can be done from home, making it super flexible.
You don’t need to be an accountant or have any previous experience. This is a skill that anyone can learn and then do from home.
This job can make you more than $40,000 a year, and there’s a lot of potential for advancement. Many different kinds of businesses need bookkeepers, so it’s a great career choice to begin with.
Recommended reading: Online Bookkeeping Jobs: Learn How To Get Started Today
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This free training will teach you what you need to know to become a virtual bookkeeper and make money from home.
6. Sell dog treats
Starting a dog treat business at home is a fun way to make an extra $50 a day.
People love their pets and are willing to spend money on homemade, quality treats. With a low starting cost, you can bake treats right in your kitchen!
You can create all sorts of goodies like cupcakes, cookies, cakes, and more, just for dogs.
You can learn more at How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).
7. Walk dogs
You can easily start getting clients by offering to walk dogs or pet sit in your neighborhood or town.
Many people need trustworthy people to look after their pets while they’re at work or away, and by offering this service, you can earn a good amount of money each day.
Here are some possible earnings:
Dog walking usually earns you between $15 to $35 an hour per dog.
For overnight pet sitting, rates can start at $25 per day and go up.
If you watch two dogs a day at $50 each, that’s a neat $100 per day.
I really like using Rover for dog walking, and it’s what I’ve used in the past. I like how user-friendly the site is, and there are always a bunch of pet owners searching for dog walkers, which means there’s plenty of demand. There are also other great sites out there, depending on what you’re interested in!
My sister and my mother-in-law are both pet sitters, and they really enjoy it!
8. Flip items for resale
Flipping items for a profit is a way to make an extra $50 a day. Flipping means you buy something at a lower price and sell it for more. And, you can start by selling stuff that you already have!
I have sold a lot of things online over the years, from clothing to furniture and even old tires.
You might have clothes you don’t wear, an old phone, books, unused gift cards, CDs, DVDs, kitchen items, jewelry, and more to sell. The possibilities are endless. I’ve heard that the typical household has about 300,000 things, so I bet you could look around your home and find some items to sell pretty easily.
And, if you want to learn how to make $50 in 10 minutes (or any other short amount of time), then selling something you already have is usually one of the quickest options.
You can sell on many different sites and online platforms as well, such as eBay, Craigslist, Facebook Marketplace, and more.
I recommend watching the free webinar Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days to learn how to make money by flipping items.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
9. Play games online
Earning $50 a day can be as fun as playing games on your computer or phone and being able to make money online.
Game apps pay real money rewards (as well as free gift cards) because they make their money from ads and in-app purchases. They share some of their earnings with you to keep you playing their games.
Here’s a quick list of the top game apps that pay real cash:
KashKick
Swagbucks
InboxDollars
You can get paid to play games like Coin Master, Monopoly, Yahtzee, and Bingo.
Recommended reading: 23 Best Game Apps To Win Real Money
10. Deliver groceries
Instacart is a popular website where you can earn extra cash by shopping for and delivering groceries. It lets you use your spare time to make some additional money.
I have used Instacart many times to order groceries for myself, and it is such a helpful service.
When you work with Instacart, you can make up to $25 per hour in the best cases, but typically, most drivers earn around $15 per hour.
You can learn more at Instacart Shopper Review: How much do Instacart Shoppers earn?
11. Deliver food
Earning $50 a day can be as simple as delivering food!
With the boom of food delivery apps, you have many options to choose from. Apps like Grubhub, DoorDash, and Uber Eats let you pick up food from restaurants and deliver it to hungry customers.
12. Freelance writing
If you want to earn $50 a day, freelance writing is a smart choice. You can write about things you know and love, and there are plenty of places looking for your words!
New freelance writers can typically make around $50 per article that they write. And, as you gain experience, you can increase your fee. I know many freelance writers who make $200+ per article and even some who make $1,000 or more per article.
Being a freelance writer has been one of my gigs for many years, and it is a great way to earn extra cash. You get to make your own schedule, call the shots as your own boss, write about topics you’re interested in, and more.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
13. Online tutoring
Would you like to earn extra cash by sharing your knowledge? Online tutoring could be a great fit for you! With the internet, you can connect with students all over the world.
As a tutor, you might spend 30 minutes to an hour teaching a lesson, answering questions online, or doing one-on-one video sessions with students.
The amount of money you can make depends on factors like the subject you’re tutoring, the length of the session, and more. For instance, tutoring in advanced subjects like college calculus usually pays more than tutoring in elementary school math.
14. Sell photos
Did you know your photography skills can become a way to earn some extra cash? It’s true! With the right approach, you can start making $50 a day or more by selling your photographs.
One of the easiest ways to start earning from your photos is by selling them on stock photo websites. These sites act as a middleman between you and customers who need photos for their own projects. You can sell pictures that you’ve already taken or capture new images for this purpose.
Places to sell photos include:
Shutterstock – This is a well-known site where you can upload photos and earn money every time they’re downloaded.
iStock by Getty Images – Here, you can sell your images across different platforms, and whenever someone downloads them, you earn income.
Adobe Stock – If you join Adobe Stock, you can potentially earn from the images that users download for their creative needs.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
15. Virtual assistant
Are you good at organizing things and helping others stay on track? If yes, then virtual assisting might be a great way for you to make $50 a day.
As a virtual assistant, you might handle tasks like managing social media, formatting and editing content, scheduling appointments or travel, managing emails, and much more. Essentially, you get paid to take care of any task in someone’s business that they don’t have to do themselves.
Typically, you can start making around $15 to $20 per hour as a virtual assistant, but sometimes you might even earn double or triple that when you’re just starting out.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
16. Online transcription
Transcription work is becoming more popular, and you can find online jobs from home as a transcriptionist. Your job would involve listening to audio and turning it into written text.
The average pay for online transcriptionists usually falls between $15 to $30 per hour, with newbies often starting at the lower end of that scale.
A helpful free workshop to take is Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.
17. Affiliate marketing
Affiliate marketing lets you make money by promoting products or services online, and you don’t need anything special to begin.
With affiliate marketing, when someone you refer buys a product through your special link, you earn a commission. It’s as straightforward as that.
First, choose products you genuinely like and think others will enjoy too. Next, join their affiliate program. They’ll give you a unique affiliate link. This link keeps track of who clicks on it and makes a purchase based on your recommendation.
For me, I love affiliate marketing. I think it’s one of the best ways to make at least $50 a day, and it is what I do to make money with my online business.
I recommend signing up for Affiliate Marketing Tips For Bloggers – Free eBook to learn more.
18. Rent out your spare room
If you have an extra room in your home, renting it out could be a smart way to earn some additional cash.
Having a roommate, whether it’s someone living with you full-time or occasionally renting out a spare room on Airbnb, can help you earn extra cash every month.
It might not add up to $50 every day, but by having a roommate or renting out a spare room on Airbnb, you could make several hundred dollars a month, or even over $1,000 extra each month.
Some people take it even further by purchasing a large house with multiple bedrooms and renting out every single room (also known as house hacking). This way, you might have three or four renters living with you. This arrangement could cover your entire mortgage payment and maybe even leave you with some extra spending money on top of what you earn from having roommates.
Over the years, I’ve had many roommates. When I owned a home, I often rented out one or even two spare bedrooms to long-term renters, including a friend and my sister, to earn extra money. This helped us manage our monthly expenses better, reducing financial stress. We could earn around $300 to $400 per month for each bedroom. Although living with roommates isn’t always smooth sailing (arguments can happen), setting clear ground rules and having a contract can help prevent conflicts.
19. Rent out your RV
If you have an RV just sitting around, you might be able to earn $50 to $300 a day, or even more, by renting it out.
Many people have RVs that they don’t use very often. Instead of letting it sit there, you could earn extra cash by renting it out. Indeed, you might be able to make $100 a day or more by renting out your RV to others.
RVshare is helping travelers save money by cutting out the middleman through renting RVs directly from owners.
It’s like Airbnb, but for RVs.
Recommended reading: How To Make Extra Money By Renting Out Your RV.
Frequently Asked Questions
Below are answers to common questions about how to make $50 a day.
How to make $50 in one day?
You can make $50 in one day by selling services like pet sitting, house cleaning, or freelancing online. Platforms like TaskRabbit connect you with people who need quick assistance with chores and other odd jobs as well.
How can I make $100 in one day?
To earn $100 in one day, you might want to try a combination of gigs such as driving for Uber or Lyft, starting a freelance business (like writing, graphic design, or proofreading), or selling high-demand items online.
How to make $50 dollars in 10 minutes?
Making $50 in 10 minutes can be a challenge, but it can be possible by selling something online where you can get cash immediately. For example, you may be able to sell something that you have, like an old cell phone that you no longer use, and get cash for it.
What are some easy ways to earn $50 a day without leaving home?
You can earn $50 a day from home by tutoring online, transcribing audio files, or selling your craft on websites like Etsy. I make over $50 online every day from home, so it is definitely possible.
What are some quick methods to make $50 fast for beginners?
Beginners can make $50 quickly by doing tasks like yard work, signing up for food delivery services, or selling unused items on local marketplaces.
How can a kid earn $50 in just one day?
Kids can earn $50 in one day by setting up a lemonade stand, doing extra chores for neighbors, babysitting, or tutoring younger children.
How to make $50 dollars a day in passive income?
To earn $50 a day in passive income, you may want to rent out rental properties, invest in dividend stocks, or create online courses or ebooks that sell over time.
How To Make $50 a Day – Summary
I hope you enjoyed this article on how to make $50 a day.
You have lots of choices when it comes to being able to make $50 a day, so I recommend starting by picking gigs that match what you like and how you live.
For example, if you like giving your opinions, online surveys can make you money. Or, if you enjoy being out and about, delivering food or groceries might be good for you. If you’re into freelance work, there are tons of opportunities in writing, helping online, and teaching.
It’s possible to make $50 every day, and with some help, you can try out these options to see what works best for you.