Seems like a simple thing — to measure the square footage of a house. Just multiply the length by the width of each room and add up all your numbers. Not so fast. First of all, what’s a “room”? Do closets count? Basements? And why does accurate measuring even matter? There’s a lot to unpack.
What’s so important about getting square footage right?
If you’re moving into a new home and you want to know if your California king is going to fit into the primary bedroom, it’s nice to know the room’s square footage.
But there’s more riding on how to calculate the square footage of a house than just being able to fit your stuff. The square footage of a house determines its value. Lenders rely on square footage for mortgage calculations, tax assessors rely on square footage for assessments.
So, if you’re renting a house now but thinking of buying, it’s important to understand your current square footage so you can make a good comparison when house hunting.
What’s included in a house’s square footage?
There are several different answers to this question. First, here are a few terms to understand:
GLA (gross living area) is a home’s finished livable space above ground. And, if any part of the finished space is below grade, the entire area is typically known as below grade. GLA calculates when appraisers measure the home’s exterior. It goes in public records and is often important for tax purposes.
TLA (total living area) is like GLA but it includes finished basement space or possibly an accessory dwelling unit (ADU).
Living space is determined by American National Standards Institute (ANSI) Z765, which is a voluntary guideline for describing, measuring, calculating and reporting area for single-family homes.
Living space generally refers to “anything that is under the roof, within the house that is finished and heated — space heaters don’t count,” said Bryan Reynolds, a Certified General appraiser in Kentucky and Tennessee and president of the National Association of Appraisers.
Rooms to measure when calculating the square footage of a house
You might be surprised by which rooms are included — and which are not — when determining how to figure out square footage:
Bedrooms
Bathrooms
Kitchens
Hallways
Finished closets
Areas that don’t count towards the square footage of a house
There are plenty of rooms or spaces in your home that would qualify as “living space,” but don’t get counted in the total square foot calculation:
Finished basement: Say you have a ranch home with 1,000 square feet above ground and a 1,000-square-foot finished basement. An appraiser would say it’s 1,000 square feet of above-grade space and 1,000 square feet below grade. A real estate agent might say that there are 2,000 total square feet.
Enclosed porch: “If it’s unheated or used seasonally and there’s a separate door to the livable area, then it’s not included,” Reynolds said. But “if it’s finished in similar quality to the rest of the home, functional in design and has a heat source that is permanent in nature, then it can be included.”
Garage: The normal garage storage space doesn’t count. However, a bonus room above the garage might count. Only if it’s heated and 100 percent finished to a similar quality as the house. And, if it’s directly accessible from the inside of the house though.
Accessory Dwelling Unit: Unless it’s actually part of the house, it’s considered a separate entity.
Then, if you want to really get into the weeds, what about the sort of dead space under the stairs? According to Reynolds, ANSI says to include it, but AMS (American Measurement Standard) allows you to remove it from the square footage equation.
And, if you’ve got a bay window with a bench under it, one could argue that if you were to take the bench away, there would be useable floor space and that should come with the square footage.
How to figure out the square footage
Now that you know what to measure, here’s how to measure. But first, remember the aforementioned ANSI Z765?
For a room to make it in a home’s total square footage, the ceiling must hit a certain height — seven feet or higher or six feet four inches if there are beams or soffits. Plus, no portion of the finished area can have a ceiling height of less than 5 feet.
Let’s say you’ve got a Cape Cod with a sloped ceiling and knee walls. That portion under the sloped ceiling (if it’s five feet or less) is not counted in the square footage (see image). In addition, the rest of the ceiling must hit at least seven feet for at least half of the room’s floor area.
Photo source: AccurateHomeMeasuring.com
Keep in mind that an appraiser will, hopefully, look around inside the house but will measure the house from the exterior — unless there’s that pesky sloped ceiling situation, in which case they will have to go inside or the square footage will be off.
According to Hamp Thomas, certified residential appraiser and author of “How to Measure a House Using the ANSI Standard,” the pros use a 100-foot tape measure to do their job. Certainly, a shorter tape measure would work. However, there is a lot of stopping, starting and adding that can lead to inaccuracies.
Measure around the outside of the house above the foundation. Multiply the length by the width of each rectangular space. If you’ve got a second story and can’t reach a corner on the exterior, for example, measure from the inside and then add the width of the exterior walls.
Know why you’re measuring
It’s likely that, if you’re reading this, you’re not a professional appraiser. If you’re interested in getting a general sense of how much footage you have in your house, grab a measuring tape and measure each room’s length and width and multiply those numbers. Then add all the square footages together. “Don’t forget to include any outside walls thickness, or just measure from the exterior,” Reynolds said.
If a room isn’t a nice rectangular shape and has jogs and bumps, create rectangles, measure and multiply the length by width. Then, add up all the bits and pieces.
And if old-school tape measures aren’t your thing, there are lots of free measurement apps that you can download to your phone. You can also put the information into Calculator Soup’s square footage calculator, which can help you figure out the square footage of differently shaped rooms.
Measure on.
Stacey Freed is an award-winning writer and former senior editor for Remodeling, a trade publication focused on the business of the remodeling and construction industry. As an independent writer, she continues to write about the building, design, architecture and housing industries. Her work has appeared in Better Homes and Gardens and USA Today special interest publications, Realtor magazine, This Old House, Professional Builder and online at AARP, Forbes.com, House Logic and Sweeten.com among other places.
While investors can buy both secured bonds or unsecured bonds, the main difference between the two is the amount of risk for the investor. Secured bonds are secured with collateral, e.g. by an asset or assets of commensurate value. Unsecured bonds are not secured with collateral, but investors who buy these bonds put their faith in the creditworthiness of the issuing company.
An example of a secured bond might be a mortgage bond, which is secured by the value of the underlying mortgage as well as the payments on that mortgage. An unsecured bond might be issued based on the promise of revenue. For example, a municipal bond that’s issued to raise money for a new hospital.
Key Points
• Secured bonds have collateral backing, reducing risk for investors, while unsecured bonds rely on the creditworthiness of the issuer.
• Secured bonds may be backed by physical assets or income streams, such as mortgage bonds or revenue bonds.
• Unsecured bonds, like U.S. Treasury Bonds, depend on the issuer’s creditworthiness and are riskier than secured bonds.
• Secured bonds offer the benefit of potential collection from issuer assets in case of default, but the process can be complex.
• Investors should consider their risk tolerance and goals when choosing between secured and unsecured bonds for their portfolios.
What Are Secured Bonds?
A secured bond is one that has an asset as collateral to back up a person’s investment. This asset can be something physical, such as a piece of property or equipment, or an income stream. A government agency might issue bonds to raise money to build a bridge, which is a common example of how bonds work.
In the government bridge-building example, the bonds could be secured — but, in this case, not by the bridge itself; rather, by the future revenue stream that will be generated after construction is complete when a toll will be charged for people to drive over that bridge.
This type of bond can sometimes be referred to as a revenue bond. These are often considered non-resource — meaning that, if the source of revenue dries up, the investor often doesn’t have an ability to get paid.
And a bond can actually be secured by both a physical asset and an income stream. An example of bonds that are secured by both is a bundle of mortgage loans. This has the physical property being mortgaged by borrowers as collateral, as well as the income stream that comes in when people make their mortgage payments.
A key benefit of choosing a secure bond is that, if the entity issuing the bond defaults on making payments to bond purchasers, then the investors can attempt to collect from the assets of the issuer to get their money.
The process isn’t necessarily as straightforward as an investor owning or buying bonds in default might like, however, in part because the collateralized assets may not be significant enough in worth to cover the totality of what’s owed — and in part because issuers may challenge the investors’ right to those assets. So, in reality, it can take weeks to months, or even longer, to actually get bond-related money from an issuer in default.
Investors who want to purchase secured bonds typically seek them out from corporations and municipalities. That doesn’t mean, however, that all corporate bonds are secured; in fact, many of these types of bonds are in fact unsecured.
💡 Quick Tip: Before opening any investment account, consider what level of risk you are comfortable with. If you’re not sure, start with more conservative investments, and then adjust your portfolio as you learn more.
What Are Unsecured Bonds?
Unsecured bonds are those that don’t have assets backing them. Instead, investors are given the “full faith and credit” of the entity issuing them that the bonds will be paid upon, as promised. U.S. Treasury Bonds, for example, are considered unsecured (although these are also considered one of the lowest risk investments available).
If the issuer of an unsecured bond defaults, owners of these bonds would still have a claim on the issuer’s assets, but are paid only after holders of secured bonds are paid.
From a risk and return perspective, it might seem as though secured bonds present a lower risk because they have collateral behind them. There may be some truth to that, but investors wanting low risk often buy Treasury bonds — unsecured investments — because the U.S. government has made all scheduled payments over the past 200+ plus years.
When choosing what bonds to buy, here’s guidance: as a generalization, debt that’s considered riskier will offer more attractive interest rates. Those backed by entities with strong economic profiles will have relatively lower rates. And, although “secured” sounds more reliable than “unsecured,” the reality is that a secured bond of “junk” quality is actually riskier than an investment grade unsecured bond.
A person’s goals when investing, including when choosing bonds, should help to guide which ones make sense to purchase.
Check out SoFi’s Investing 101 Center for strategies, news, and resources.
Secured vs Unsecured Bonds
There are pros and cons to investing in both secured and unsecured bonds. Investors would be wise to take everything into consideration. Here’s a quick look at the pros and cons
Secured vs. Unsecured Bonds: Pros
Secured bonds
Unsecured bonds
Security
Potential for higher returns
Low default risk
May be more choices on the market
Good diversification assets
May be a good middle-ground investment for less risk-averse investors
Secured vs. Unsecured Bonds: Cons
Secured bonds
Unsecured bonds
Subject to interest rate risks
Higher-risk
Not completely risk-free
More volatile
Lower potential returns
Subject to interest rate risks
Benefits of Investing in Bonds
In general, investing in either secured or unsecured bonds can have some benefits. Namely, that they provide a source of income, and can reduce portfolio volatility to certain degrees. But there are some differences, too.
Benefits of Investing in Secured Bonds
Bonds pay a fixed interest rate, typically paying investors twice a year, which creates the income that a bond holder may want. Plus, because they are typically lower in risk than stocks, they can help to reduce the overall levels of risk in an investor’s portfolio.
Because a person’s risk tolerance plays a significant role in the type of investing that is best for them, investors can determine their risk tolerance as a way of analyzing the degrees of risk that feel comfortable for them. Again, secured bonds are among the safest investments out there — but they’re not completely risk-free.
Benefits of Investing in Unsecured Bonds
The main benefit of investing in unsecured bonds versus secured bonds is the potential for higher or better returns. Since unsecured bonds are riskier, there’s a potential for higher rewards — the old adage is true, that there’s a correlation between risk and reward.
While unsecured bonds aren’t the riskiest investment on the market, they tend to be riskier than their secured counterparts.
How Bonds Factor Into Asset Allocation
Savvy investors typically create diversified portfolios, which contain a mix of assets, often including stocks and bonds with varying levels of risk and reward.
Diversification is the financial version of not putting all eggs in one basket, with asset allocation referring to the amount of money invested into each type of asset class within a person’s portfolio.
Individual investors can each decide what asset allocation makes the most sense for them, perhaps including 60% stocks and 40% bonds, as just one example.
Factors involved in determining asset allocation include an investor’s
• Financial goals
• Risk tolerance
• Investing timelines (when retirement is looming, for example, asset allocations may be different than for a younger investor)
By looking at these factors, along with possible investment options and their historical performances, an investor can choose a mix of assets that seem to dovetail best with his or her unique goals, challenges, and overall financial situation.
💡 Quick Tip: How to manage potential risk factors in a self-directed brokerage account? Doing your research and employing strategies like dollar-cost averaging and diversification may help mitigate financial risk when trading stocks.
Asset Allocation Models
There are four broad asset allocation models that can be shared to show varying investment strategies. Some, but not all of them, typically include bonds.
Capital Preservation Portfolio
As the name suggests, an investor creating this type of portfolio wants to preserve capital, and is averse to losing money, even short term.
This can be the type of portfolio created for investors who have short-term goals (meaning, those intended to be accomplished within one year), such as someone building an emergency fund, or saving to buy a car. Investors with capital preservation goals might put an entire portfolio in a money market fund because stocks and bonds alike can have short-term losses.
Income-producing Portfolio
Investors using this strategy typically focus on generating income, rather than portfolio growth, often because they will be living off investment income to some degree. For example, someone who is already retired might invest in income producing vehicles to supplement a monthly pension.
This person’s portfolio might include bonds, whether secured or unsecured, from government entities or corporations with a history of steady profitability. Other elements of the portfolio might include shares of stocks that pay dividends and/or real estate investment trusts. Investing in I bonds is another possibility.
Growth Portfolio
As a third investment model, a growth strategy can be chosen by people who want long-term portfolio growth. These investors may be willing to take more risk than those who fit into one of the two previous models described if they believe they can receive higher returns.
This investor may still be working and therefore not need to have their portfolios generate income yet. A portfolio focusing on growth may largely or even fully have stock investments.
Balanced Portfolio
This type of portfolio can be a blend of an income-producing and a growth portfolio. People of all ages along the investment journey may choose to use a balanced approach to manage portfolio volatility, and this type often contains a mix of common stocks with investment-grade bonds.
This type of portfolio, in other words, is created to balance assets that grow over time with less volatility with those that can produce growth.
Stock and Bond Allocation “Rule”
Financial professionals sometimes use formulas to determine the best mix of stocks and bonds in a portfolio for an investor. One such “rule” is to subtract the investor’s age from 110.
The number that remains may indicate the percentage of a portfolio that should go into buying stocks. So, while a 30 year old may use this to put 80% of funds into stocks, a 60 year old — using the same formula — would put in only 50%.
The remainder could be invested into a more conservative choice: bonds. Because different people have different risk tolerances, this is not a hard and fast rule; rather, it’s a starting point when deciding how aggressive or conservative an investor wants a portfolio to be.
💡 Recommended: Conservative Investing Explained
The Takeaway
Secured bonds and unsecured bonds differ in one key way: One is secured by collateral, and the other is not. That plays a role in how risky each type of bond is, and thus, can inform an investor’s strategy. Both types of bonds may have a place in an investor’s portfolio.
Portfolios may be rebalanced more often if an asset class experiences a significant change, with the goal always being to keep an investor’s portfolio on track with stated goals. Bonds of all types can be a part of that, but it may be best to consult with a financial professional for advice.
Ready to invest in your goals? It’s easy to get started when you open an investment account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).
For a limited time, opening and funding an Active Invest account gives you the opportunity to get up to $1,000 in the stock of your choice.
FAQ
What is the difference between secured bonds and unsecured bonds?
The main difference between secured bonds and unsecured bonds is that secured bonds are secured by collateral, whereas unsecured bonds are more or less dependent on the issuers’ creditworthiness.
What does it mean when a bond is secured?
A secured bond refers to the fact that the issuer of the bond has put up some sort of collateral. In that case, the bonds are less risky, because if the issuer defaults, the collateral can be sold to pay back bondholders.
What is the purpose of an unsecured bond?
Unsecured bonds allow companies or organizations to borrow money without putting up any collateral – which can be extremely helpful if they don’t have any. That makes them riskier, however, than secured bonds.
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Do you want to become a proofreader? If so, you may be interested in learning about the most popular proofreading course out there – Proofread Anywhere. In this Proofread Anywhere Review, I will help you learn everything that you can about this course so that you can decide if you should take it or not….
Do you want to become a proofreader? If so, you may be interested in learning about the most popular proofreading course out there – Proofread Anywhere.
In this Proofread Anywhere Review, I will help you learn everything that you can about this course so that you can decide if you should take it or not.
Proofreading is an in-demand job where you only need a laptop or tablet, an internet connection, and the skills to get started.
It’s a job where you can work at home or while traveling, and you get to choose your hours.
Learning how to proofread is a valuable skill that can open doors to a successful work-from-home career. Due to the increasing demand for online content, now is a great time to improve your proofreading abilities.
One popular way for improving your skills and starting a proofreading career is by taking the Proofread Anywhere course. In this article, we’ll talk about Proofread Anywhere, looking at what’s in the course, how it’s organized, the support available, and feedback from actual students.
If you’re looking for a quick Proofread Anywhere Review – Yes, I highly recommend taking this course if you are interested in learning how to become a proofreader. This course teaches you everything you need to know – from how to proofread and find mistakes all the way to finding proofreading jobs and building a successful career. The course is continually updated and it comes with lifetime access, which is amazing as well.
10
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.
Key Takeaways
Proofread Anywhere is a comprehensive course that teaches the skills needed to make money proofreading.
The course has an in-depth curriculum and a supportive community to help you succeed.
Many real students have shared positive reviews of their experiences with Proofread Anywhere.
Proofread Anywhere costs $697.
Proofread Anywhere Review
The below Proofread Anywhere Review will mainly be about their General Proofreading course – General Proofreading: Theory and Practice™ (GPTP).
What is proofreading?
Proofreading is the process of reviewing and checking a written document to find and correct errors in grammar, spelling, punctuation, and formatting.
As a proofreader, your job is to make sure a piece of text is clear, concise, and free from mistakes, making it easier for the reader to understand and enjoy.
If you often find yourself catching typos on restaurant menus, in books, on TV, or elsewhere, then this may be a great job to look into.
Recommended reading: 16 Best Ways To Get Paid To Read Books
What is General Proofreading?
General Proofreading is the core course sold by Proofread Anywhere. It focuses on teaching the theory and practice of proofreading various types of documents, from books and blog posts to academic papers.
General proofreaders are in demand across many different industries and can be hired by individuals or organizations. This versatility is what makes general proofreading a valuable skill applicable to a wide range of jobs.
The course aims to equip people with the skills and knowledge needed to start a freelance proofreading career.
What is Proofread Anywhere?
Proofread Anywhere is a company that has online, self-paced courses all about how to become a proofreader and how to start a proofreading business.
The goal is to teach you the skills to start a successful freelance proofreading business from your own home. The courses are made easy to understand, and you don’t need any prior proofreading experience (they will teach you the skills that you need in the course!).
When you enroll in a Proofread Anywhere course, you’ll have access to important resources like course materials and a helpful student Facebook group.
The company was started by Caitlyn Pyle, and Proofread Anywhere teaches people the ins and outs of the proofreading business while offering valuable resources and a supportive community. The goal is to give you the knowledge, skills, and confidence you need to start a rewarding and flexible career as a professional proofreader.
The General Proofreading: Theory and PracticeTM course comes with:
80+ lessons in 10+ modules
Bonus resource guides for all types of service-provider markets
40+ real-life example proofreading jobs
8 grammar-specific worksheets and workbook
Pep talk videos from the course creator
100-question in-depth vocabulary quiz
3 case studies
New and updated lessons
And more.
Who is Caitlin Pyle?
Caitlin Pyle is the founder of Proofread Anywhere. She’s an experienced proofreader who turned her skills into a successful freelance business.
Caitlin became a proofreader back in 2012 and made a great income with it. She was so passionate about proofreading that she started Proofread Anywhere as a blog back in 2014. It has since grown significantly!
She created Proofread Anywhere to share her expertise and help others find flexible, rewarding work-from-home opportunities. By providing accessible, high-quality training, Caitlin has already helped numerous students realize their freelance proofreading dreams.
You can read an interview that I did with Caitlin Pyle at How To Become A Proofreader And Work From Anywhere.
How much money do proofreaders make?
The amount of money you can make as a proofreader depends on things like your experience, speed, niche, and how much work you’re able to take on.
Proofreaders typically charge anywhere from $25 to $50 per hour, with some proofreaders earning even more. You can work part-time, work full-time, be self-employed, or be an employee for a business. So, the amount of money you can make will depend on that as well.
As you improve your proofreading skills and build your reputation in the industry, you can increase your rates and possibly earn a comfortable income working from home.
Many people and companies hire proofreaders and this can be a great way to grow your income and work from home.
Is Proofread Anywhere worth it?
If you are thinking about taking the Proofread Anywhere course, you’re probably wondering if it’s worth the time and money. I completely get it – you don’t want to waste your time or money after all.
I think that Proofread Anywhere is worth it, and I know several proofreaders who have gone through the course and now proofread.
Here are some reasons why taking the Proofread Anywhere course may be a great choice for you:
1. Helpful and educational lessons – Proofread Anywhere has two different courses: General Proofreading: Theory and Practice™ and Transcript Proofreading: Theory and Practice™. Both courses were created to give people the knowledge and skills they need in each of these proofreading areas. You will learn everything you need to know from start to finish, which is great!
2. Self-paced learning – You don’t have to worry about keeping up with a strict schedule, as the Proofread Anywhere courses are self-paced, which means that you can learn at your own comfort and convenience. This can be great if you have a busy lifestyle or if you simply prefer learning at your own pace. You can take the lessons at night, during the day, while watching your child, and so on.
3. Access to resources and support – Students of Proofread Anywhere receive resources like reference materials, quizzes, and practice worksheets (and these are amazing and so helpful!). There’s also a private Facebook group for students to share experiences, ask questions, find jobs, and more, which is very helpful.
4. Positive reviews – There are many positive reviews of Proofread Anywhere, and many students have said that the courses helped them improve their proofreading skills and even launch successful careers in the field.
5. Opportunities for growth – Completing a course from Proofread Anywhere not only improves your proofreading skills but can also open up new job opportunities. The skills you learn from these courses can be applied to many career paths, such as freelance proofreading, editing jobs, and more.
So, taking a Proofread Anywhere course can be a worthwhile decision for you if you’re looking to improve your proofreading skills and explore new career opportunities in this field.
How much does Proofread Anywhere cost?
Proofread Anywhere has two offerings – Ignite and Ignite Plus for the General Proofreading: Theory and PracticeTM course.
The Ignite package for Proofread Anywhere costs $697 and comes with lifetime access. This course teaches you how to become a proofreader and comes with all of the modules, a job board listing, bonuses, and more.
Ignite Plus costs $797 and includes everything in the Ignite package, plus a hand-graded exam (that will evaluate your aptitude and competence), certificate of completion, listing in the Self-Publishing School Preferred Outsourcer Rolodex, and membership in a separate marketing mastermind group for Proofread Anywhere general proofreaders.
Proofread Anywhere refund policy
Proofread Anywhere’s refund policy is 14 days long. If you are less than satisfied with your purchase, you can ask for a refund for any reason within 14 days of your purchase.
Pros and cons of Proofread Anywhere
Here are the pros and cons of the Proofread Anywhere General Proofreading Course:
Pros:
Thorough course content that covers proofreading basics and advanced techniques
Clear, easy-to-understand lessons designed for students with different levels of experience
Practical exercises and real-world examples that help you build your skills
Access to an online community where you can ask questions and receive support from fellow students and course instructors
Cons:
Some students may find the course price to be a little high, especially if they are just starting their proofreading career.
There might be a learning curve for those who are completely new to proofreading so that they can spot mistakes in content.
Proofread Anywhere has thorough courses for people interested in starting a proofreading career. The material is easy to understand, making it great for beginners to learn and grow their skills.
Proofread Anywhere course structure
The Proofread Anywhere course is organized and easy to follow, making it perfect for beginners looking to improve their proofreading skills.
Below, you will learn what is included in the Proofread Anywhere course as well as what you will learn.
This section will give you an overview of the course structure and a breakdown of the modules and lessons included.
Proofread Anywhere modules breakdown
The primary course offered by Proofread Anywhere is the General Proofreading: Theory and PracticeTM course.
This self-paced course comprises several modules, each containing lessons and video materials to help you grasp the concepts effectively. You’ll be able to learn at your own pace and make sure you thoroughly understand each topic before moving on to the next.
Module 1: Introduction To General Proofreading – In this module, you will learn what proofreading is, the skills that are needed, and an overview of what a proofreader does.
Module 2: Get into the Right Mindset – Here, you’ll learn about how to get into the success mindset, the different types of markets you can specialize in as a proofreader, and common terms used in the industry.
Module 3: Proofreading Basics – This module goes over the most common errors that you need to look for. There are also practice worksheets to test yourself.
Module 4: Proofreading Methods and Practice – This module will teach you the different types of proofreading methods.
Module 5: Turning Proofreading into a Business – This module is everything you need to know about how to turn your proofreading skills into a business. You’ll learn how to create a resume and website, how to set your rates, how to build your experience, and more.
Module 6: How To Find Clients – Here in this module, you will learn how to find clients.
Module 7: Your Workflow Once You Get the Job – This module teaches you all about your workflow once you have secured a proofreading job. From how to send the bill to sending over your completed work, this is a very helpful set of lessons.
Module 8: Getting the Most Out of the Freelancing Life – This lesson shows you how to structure your day, how to build confidence, and how to stay organized and productive as a freelance proofreader.
Module 9: Wrap-up Lesson – This is the final module in the Proofread Anywhere course, and it is a wrap-up of everything that you’ve learned.
Within the modules, you will also learn:
Grammar Refresher – This section covers grammar basics, including common myths and mistakes, parts of speech, pronouns, contractions, possessives, and verb forms. This equips you with the essential knowledge to become a professional proofreader.
Sentence Structure – In this crucial module, you’ll grasp sentence structure, subjects, predicates, sentence fragments, run-on sentences, subject-verb agreement, order of adjectives, adverbial clause vs. participial clause, and “which” vs. “that,” along with dangling modifiers. Strengthen your understanding and abilities with the comprehensive practice worksheets.
Spelling and Word Use for Proofreaders – You’ll be taught about different error types, typical typos, frequently misused words, handling numbers, American and British spelling differences, and capitalization – all important aspects for a proofreader. You’ll also get to practice with detailed worksheets and check your answers using provided keys.
Punctuation Principles – You’ll learn about common punctuation errors, including when and how to use apostrophes, hyphens and compound words, en dashes vs. em dashes, commas and semicolons, as well as quotation marks and italics. This section also covers American and British punctuation distinctions and includes a vocabulary quiz.
The course includes practice exercises in each module. These are meant to help you use your proofreading skills in real-world situations. The exercises range in difficulty, allowing you to progress and become more confident. By completing these exercises, you’ll get practical experience that will ready you for your future proofreading career.
Proofread Anywhere bonuses
There are also many bonuses offered in Proofread Anywhere’s General Proofreading course, such as:
“Look Better in Writing™ Handbook of Commonly Misused (and Abused!) Words” – This is a 57-page guide on words and terms that are easily mixed up and confused.
“The Ultimate Freelancer Tax Guide” – This is a 19-chapter guide all about accounting, tax preparation, deductions, and more.
“The Mindset Mastery Guide” – This is a guide on how to get over your fear of becoming a freelancer, how to see success, and more.
“5 Mindset Shifts for Goal-Crushing Confidence” – This is a resource that will teach you how to become more confident.
Proofread Anywhere support and community
When taking a course, it’s always nice to know what the community is like.
Facebook groups
As a Proofread Anywhere student, you will have access to a Facebook group dedicated to providing you a supportive and friendly community. These groups are designed for students to share their experiences, ask questions, and engage with others who are proofreaders.
Customer support
In addition to the Facebook group, Proofread Anywhere has great customer support to address any concerns or issues you might be facing. You can reach out to their team when you need help.
By participating in the community and utilizing the available support channels, you are not only reinforcing your learning journey but also building a strong network of fellow proofreaders. This will help you stay connected, motivated, and successful in your proofreading career.
Proofread Anywhere real reviews
Looking for real Proofread Anywhere reviews?
My proofreader’s real review of Proofread Anywhere
I have a proofreader for this website, Making Sense of Cents. Jill Klein has been proofreading for several years, and she personally took a Proofread Anywhere course back in 2016. I asked her two questions:
1. Do you think that Proofread Anywhere helped you become a proofreader?
“As a kid, I was a word nerd who won lots of spelling bees. Little did I know that this would lead to building a proofreading business later in my life.
But it wouldn’t have happened without Proofread Anywhere.
I had a good foundation, and then PA came along and helped me build up my business by adding walls, bricks, windows, a roof, and more. Through the PA course, I was able to improve my skills and expand my knowledge.
I am constantly learning new things about running an editing business, and the learning journey all began with Proofread Anywhere.”
2.Would you recommend the course?
“I always recommend Proofread Anywhere to anyone who asks!
Even now, seven years later, I remember the high quality of the instruction. It was a very good curriculum with top-notch teaching.
The course I took was Transcript Proofreading, and it has served me well in my nonfiction niche of proofreading content like web copy, advertising materials, and book manuscripts.
Plus, the PA Certificate of Completion provided credibility to clients who asked to see training documentation.”
Testimonials
Many students who have enrolled in and graduated from the Proofread Anywhere course find it well worth the money. They like the easy-to-follow course structure, self-paced learning, and lifetime course access. Most of the online testimonials are positive experiences with the course.
Proofread Anywhere Trustpilot reviews
Proofread Anywhere has excellent reviews on Trustpilot, with a 4.6-star rating out of 61 total reviews. The majority of customers have given the course a 5-star rating, while only 5% of Proofread Anywhere reviews are negative.
You can find the Proofread Anywhere reviews on Trustpilot here.
Proofread Anywhere Better Business Bureau
Proofread Anywhere is not listed on the BBB. This isn’t a bad thing, though, as most businesses aren’t listed on the BBB anyway.
Proofread Anywhere negative reviews
As with any product or service, there are bound to be some negative reviews. A very small percentage of customers have rated Proofread Anywhere with 1-star reviews. However, it’s important to remember that the majority of students are happy with the course, and the overall rating remains high. So, when looking for a proofreading course, Proofread Anywhere could be the right choice for you.
Transcript Proofreading course
Proofread Anywhere has another popular course – their Transcript Proofreading course.
Proofread Anywhere’s Transcript Proofreading course is a great course to take if you want to go into transcript proofreading.
Transcript proofreading is when you are proofreading for court reporters in the legal industry.
Here’s what’s in this course:
The Nuts & Bolts of Transcript Proofreading
Transcript Formatting, Moving Parts, and Processes
How to Use Technology and AI Tools to Proofread Transcripts
Practice With Real-Life Transcripts to Develop Your Skills
Effective Client Communication and Accounting
How to Find Clients
And more!
There is a free training workshop you can take on how to become a transcript proofreader here.
Recommended reading: How To Become a Court Transcript Proofreader
Frequently Asked Questions About Proofread Anywhere
Below are common questions about Proofread Anywhere.
Is proofreading a legit business?
Yes, proofreading is a legitimate business. Many people and companies rely on professional proofreaders to make sure their written content is free of errors and ready for publication. Proofreaders work with a variety of content such as books, articles, and websites. By taking courses like Proofread Anywhere, you can improve your skills and increase your chances of success in the proofreading industry.
Is Proofread Anywhere real? Is Proofread Anywhere a scam?
Proofread Anywhere is a real and legitimate online platform selling courses to improve your proofreading skills and establish a proofreading business. It was created by Caitlin Pyle, an experienced proofreader and entrepreneur. The overwhelmingly positive online reviews and the large student Facebook group show the program’s quality and legitimacy.
What does the Proofread Anywhere course offer?
Proofread Anywhere has comprehensive online courses that train you in the art of proofreading. The courses not only give you necessary proofreading skills but also guide you on how to set up a freelance proofreading business.
How long does it take to complete the Proofread Anywhere course?
The average time to complete the Proofread Anywhere General Proofreading course is under one month.
The time it takes to complete the Proofread Anywhere course will vary, though, depending on your individual learning pace and time commitment. The course is self-paced, so you can go as fast or slow as you would like. Some students may finish the course faster, while others may take more time to digest the material and practice the techniques.
Remember, you have lifetime access to the course as well!
Can you really make money proofreading? How much money can you make after taking Proofread Anywhere?
Yes, you can make money as a proofreader. However, like any freelancing work, your income will depend on various factors such as your experience, expertise, and the demand for your services. After completing the Proofread Anywhere course and gaining some experience in the field, you can potentially earn a steady income from proofreading work. The exact amount will depend on your personal success in finding clients and projects.
What kind of support can I expect after completing the Proofread Anywhere course?
After completing the course, students have access to several support resources, such as an online community for help and networking as well as finding proofreading job leads. Also, there is lifetime access to course updates.
Is there a Proofread Anywhere coupon code?
There might be Proofread Anywhere coupon codes or discounts available at certain periods. To get the latest information on promotions, it’s a good idea to keep an eye on the official Proofread Anywhere website and their social media channels. Also, if you sign up for the free training workshop, there is a very good chance that you will get a discount as well (highly recommend doing this as the free training is very helpful).
What is transcript proofreading?
Transcript proofreading is the process of reviewing and correcting written transcripts, which are records of spoken events such as interviews, speeches, or legal proceedings. A transcript proofreader checks accuracy and consistency, correcting errors in grammar, punctuation, spelling, and formatting. This specialized skill set usually requires extra training, and Proofread Anywhere offers a course focused specifically on transcript proofreading called Transcript Proofreading: Theory and Practice™, to help you develop these skills.
Proofread Anywhere Review – Summary
I hope you enjoyed this Proofread Anywhere review.
Proofread Anywhere is a very helpful online course designed to train you in the art of proofreading so you can transform this skill into a full-time or side income. Whether you want to make extra income or start a full-time business, this course aims to equip you with every necessary skill for spotting errors in documents and providing quality feedback.
Here’s a quick Proofread Anywhere review:
This is an in-depth course covering all aspects of how to become a proofreader.
There is a supportive community and there are resources for continuous learning.
The course helps in improving proofreading skills, in case you are new.
There are lots of practice questions so that you can spot mistakes once you start proofreading.
The course is extremely helpful and I think it’s a great choice for anyone who wants to become a proofreader.
Don’t forget, there is a free workshop where you can learn how to become a proofreader. You can sign up for free here.
What other questions do you have for my Proofread Anywhere Review? Are you interested in becoming a proofreader?
10
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.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.
An ACH transfer is an electronic method of moving money from one bank to another via the Automated Clearing House (ACH). ACH transfers are more convenient because they’re quicker than traditional transfers.
Many people don’t realize it, but ACH, or Automated Clearing House, transfers are part of everyday life. They are how your paychecks are processed through direct deposit, used for debits for routine payments and much more.
Understanding ACH transfers and payments will give you a better understanding of how your money is handled. This is advantageous because it can help you avoid missed payments, late payments, and fees by knowing when you can expect money in your account.
This guide will explain what ACH transfers are and how they work as well as their benefits and drawbacks.
Key takeaways:
Money moved electronically through the Automated Clearing House are known as ACH transfers
ACH transfers are used for direct deposits for paychecks and for government benefit programs
ACH direct payments are for paying bills or sending money through apps like Zelle and Venmo
ACH transfers typically take one to three business days
In some cases, ACH transfers limit the amount you can transfer as well as how often
In This Piece:
What Is an ACH Transfer?
ACH transfers are a form of electronic fund transfers that move money between banks. Electronic funds transfers are when you move money in a non-physical way. For example, when your employer directly deposits money into your bank account rather than giving you a physical check or when you PayPal a friend, these are electronic transfers.
ACH stands for Automated Clearing House, and a clearing house is an establishment that acts as a go-between for banks to finalize a transaction.
ACH transfers can be used for the following:
Bill payments
Direct deposits from employers
Direct deposits from government benefit programs
External funds transfers
Person-to-person payments
Business-to-business payments
You may use ACH payments and transfers regularly without realizing it. Popular payment apps like Zelle, Venmo, and PayPal use the ACH network to send and receive money.
How Does an ACH Transfer Work?
If you want to make an ACH transfer, it’s a simple process as long as you follow these steps:
Step one: Similar to paying with a check or receiving a check, you’ll need the name, account number, routing number, account type, and amount.
Step two: Choose whether you want to do an ACH credit or ACH debit. ACH credits are often safer because your bank account details are hidden.
Step three: Finalize the transfer by linking your accounts and providing the details of the transaction.
If you’re a business owner, you’ll need to set up a way to receive ACH payments from your customers. There are a variety of digital companies that provide this service like Stripe and Plaid.
Types of ACH Transfers
There are two primary types of ACH transfers, and these have become a more convenient way of transferring money than the days of waiting for a check to clear. With the two types of ACH transfers, you no longer have to worry about bounced checks. However, you may still incur fees if you don’t have sufficient funds to cover the transaction.
ACH Direct Deposits
These ACH transfers are used by businesses and government programs to get people money faster. Prior to using the ACH network, you would need to receive a check, take it to the bank, deposit it, and wait for it to clear. ACH direct deposits are a way for you to receive payments, and some of the most common forms include:
Tax refunds
Government program payments
Annuity payments
Paychecks
Employer reimbursements
ACH Direct Payments
The other type of ACH transfer is direct payments, and this is when you’re sending money to someone else. When you use one of the payment apps to loan a friend money or split the dinner bill, you’re using ACH direct payments.
When you make an ACH direct payment, you’ll see the money debited from your bank account, and the receiver will see a credit in theirs. If the app connects to your bank account, debit card, or credit card, you’ll see the funds transferred via the app, but the app will have more details for your own tracking purposes. You can often include a note in these apps to note what the payment was for.
How Long Do ACH Transfers Take?
ACH transfers can take a few hours or up to two to three business days. The National Automated Clearing House Association (NACHA) sets the rules and guidelines for ACH transfers and has the following requirements:
Credit transfers can be processed on the same business day or between one and two business days
Debit transfers must be processed by the following business day
Although banks must adhere to these guidelines for processing payments, it’s at their discretion whether or not they charge for expediting the process. For example, when you’re sending money through PayPal and other services, they may have an option to send the money faster for a fee.
How much Do ACH Transfers Cost?
Depending on the bank or financial institution, there may be a fee for sending money to an account at a different bank using an ACH credit transfer. These are known as “external funds transfers,” and the cost can range from $0-50.
ACH debit transfers are the types of transfers that employers use for direct deposit as well as bill payments. These types of ACH transfers are usually free unless you need to expedite the payment.
External ACH Transfer Fees
As mentioned above, the cost for external transfers can vary between banks. Below, we’ve provided the fees and delivery times from some of the most used banks in America.
Bank
Fee
Approximate delivery time
Axos Bank
$0
3 to 5 business days
Bank of America
$3 from account and $0 to account
3 business days or $10 fee for next day
Capital One 360 Bank
$0
2 business days
Chase
$0
1 to 2 business days
Citibank
$0
3 business days or an option for free next-day delivery
Discover Bank
$0
1 to 4 business days
Navy Federal Credit Union
$0
2 to 3 business days
TD Bank
$0
1 to 3 business days
U.S. Bank
$0 to account and $3 from account
2 to 3 business days and free next-day for incoming transfers
Wells Fargo
$0
3 business days for incoming transfers and 2 business days for outgoing transfers
Each of these delivery times are based on the disclosures and general policies of each financial institution when using their online banking for personal accounts. It’s helpful to remember that delays can occur if there is a holding period or payment is sent after the bank’s cutoff time.
What Are the Pros and Cons of ACH Transfers?
Similar to many financial tools, there are benefits as well as downsides.
There are many reasons ACH transfers are so popular, and here are some of the advantages:
You can use ACH payments to pay bills electronically rather than writing and mailing a check
ACH direct deposits are more secure
NACHA requires that transfers happen within one to two business days
ACH transfers are often free or just a few dollars to expedite
There are also some downsides to keep in mind when using ACH transfers to receive or send payments:
Some banks limit how many transfers you can make or how much money you can move
Penalties may occur with too many transfers using savings accounts governed by Federal Reserve Board Regulation D
Banks have cutoff times for processing ACH transfers, so they may take longer if you miss the cutoff
There are fees if you have insufficient funds in your account
What’s the Difference between ACH Transfers and Wire Transfers?
The primary difference between wire and ACH transfers is that wire transfers are much faster. When wiring money within the same country, the transfer can take a few hours or as quick as a few minutes.
While wire transfers can be much faster, they also cost more. Many ACH transfers don’t have a charge, but a wire transfer may cost $20 or $30. When sending money internationally, the fee might be even more. Wire transfers are usually the better option if you need to move money quickly and can afford the fees.
How to Make ACH Transfers Faster
ACH transfers can take up to three business days, but there are a few ways you can make these transfers faster:
Use payment apps: Apps like Zelle and others link directly with your bank, can send money in real-time and don’t charge additional fees for same-day payment.
Know the cutoff times: Banks have cutoff times for transfers, so you can avoid a payment taking longer than expected by knowing how late you can make these transfers.
Pay the fees for expedited transfers: Some banks have the option to send the money faster for an additional fee. This fee varies by bank.
Can ACH Transfers Hurt My Credit Score?
ACH transactions can’t hurt your credit score directly, but it is possible to acquire fees from your bank. Unpaid bank fees can be sent to collections, and then the derogatory mark can show up on your credit report and hurt your credit score.
One of the best ways to avoid hurting your credit score is to have credit monitoring so you’re notified as soon as there’s a change to your score. Credit.com’s ExtraCredit service provides credit monitoring for a monthly fee so you know when something happens or a potential error was reported. If you’re unsure of your credit health, Credit.com offers a free service as well. You can get your free credit report card here.
You’re on the apartment hunt and know you want something on the smaller side. It’s just going to be you, or you and your significant other, so one bedroom is all you’ll need. You start looking around. You see some great one-bedroom places, but they’re a little on the expensive side. Then, you see your first studio apartment. It’s a little different as far as layout goes, but the price looks good and you could make this work … maybe.
It’s not an uncommon debate to have, studio vs. one-bedroom apartment when looking for a new home that’s the right fit for your lifestyle. Before deciding which one is right for you, it’s good to understand how each place is different.
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What is a studio apartment?
Unlike an apartment with bedrooms, a studio is going for a more compact design. “A studio apartment is basically a self-contained unit and houses everything in the single room space except the bathroom,” says Stefan from homedit.
With a studio apartment, you’re getting some variation of a single large room with attached kitchen or kitchenette, and a separate bathroom. It’s a limited area to work with if you want to create the feeling of separate rooms without walls to break up the space. Your design strategies and furniture placement can help establish defined space. You can make it clear which part of your studio is for sleeping, eating or hanging out with friends.
Studio apartments usually max out at a total of 600 square feet but can get as small as 300 square feet. The smaller the space, the more creative you’ll become in finding storage and places for all your things.
Rental prices for a studio apartment, according to the Apartment Guide 2019 Annual Rent Report, average around $1,065 a month. However, which part of the country you call home directly affects this number.
What is a 1-bedroom apartment?
There’s one essential difference between a studio and one-bedroom apartment, and that’s the bedroom. You also get a few more walls and a distinct separation of spaces. There’s a clear division between your living room, bedroom and kitchen. You may also have a few more closets and a dining space.
Square footage in a one-bed has a decent range. Smaller one-bedrooms can equal the size of a large studio. Even with the same square footage, a one-bedroom can end up feeling larger since you’re not looking at all your space in a single area.
One-bedrooms often have a monthly rent that’s a little higher, averaging around $1,140.
Studio vs. 1-bedroom: Factors to consider when selecting your apartment
Understanding the benefits of living in both a studio and a one-bedroom apartment can help you decide which option is best for your next home. The two biggest differences between your options are the obvious ones — size and price.
Not only will you pay more for rent, on average, for a one-bedroom, but utilities will cost more. You’ll have more space to heat or cool. There’s also more rooms with more lights, and more outlets to suck up electricity. When budgeting for a one-bedroom, it’s helpful to take into account your monthly costs of living on top of the rent. You can ask the property owner of the apartment you’re considering to get estimates on utility costs.
The difference in size can mean a little or a lot more room, but it’s really all about what space you need to feel comfortable at home. Some people do better in a more cozy home, while others need room to stretch out.
Beyond the cost and the square footage, there are a few other ways studios and one-bedrooms compare. These key areas should also get factored into your apartment selection.
1. Privacy
In a studio, where you sleep is also where you eat, work and hang out. A one-bedroom gives you the dedicated space of both a bedroom and a living area. It offers more privacy overall because there’s a door to close between rooms. This is especially important if you have friends or family visiting, crashing on the couch or if you need some time away from your live-in significant other.
If you live alone and don’t use your apartment as a place for social gatherings, you may get all the privacy you need in a single room. Without guests sitting on your bed, because there’s nowhere else to sit, you can retain the privacy of your sleeping space without needing a separate room.
2. In-unit amenities
With the extra size of many one-bedroom apartments, there’s the potential for amenities that couldn’t fit in a studio. Your one-bedroom could have in-unit laundry hookups, more than one sizable closet, full-sized appliances and more storage in general. These are great amenities, but not necessary.
The laundry room in your apartment building could be nice enough that you won’t miss having laundry in your studio. Maybe you prefer to send your laundry out so don’t care if there are machines in your apartment or your building. Having a smaller refrigerator is fine while you’re living on your own, so the space-saving appliance in your studio is great.
Amenities, by definition, are bonus items in your home, and many people have different must-haves.
3. Lifestyle
How you like to live can impact what kind of apartment you’ll need. If you like to have friends over for potluck dinners, watch a favorite TV show or sample some wine at a happy hour, you may need an entertainer’s amount of space.
If you’re planning on living alone or with a significant other you’re very comfortable with, you might not feel compelled to have as big of a place. The important thing is to find an apartment with enough space to allow you to keep being you.
The space you need also relates to your professional lifestyle. If you have a job where you’re always traveling and are never home, why get a big place to sit empty? Having a studio that’s compact and easy to care for might be the right step for your lifestyle. If you work from home, it might be more comfortable setting up a desk in its own space and not on top of everything else.
4. Location
The price will once again impact your apartment decision when it comes to apartment location. If you want to live close to a city center or right near work, you can end up in an area of town where the property is more expensive. It might not be affordable to have a one-bedroom, but studio prices could be low enough to get you into your ideal location.
On the flip side, if you want a bigger space and can handle living outside of town, you may find an affordable deal on a one-bedroom right outside the city. According to Forbes, rent can be 31 percent cheaper if you’re living outside of an urban area. You’ll need to factor in the cost of commuting back into the city for work, but you can still come out ahead with the right apartment.
5. Studio vs apartment upkeep
Both decorating and cleaning are easier when you have less space. It’s faster to clean a studio apartment. There are also fewer walls to decorate. That said, the smaller space can lend itself to more clutter since you’re without a lot of storage options. Either way, you’re going to have to clean a bathroom, and nobody likes doing that.
Is a studio or one-bedroom better?
There’s actually no simple answer to this debate since the better place for you revolves around your own needs and budget.
“Deciding where to live is a choice that impacts your lifestyle in many ways. Take the time to compare the cost of living and determine what’s best for you,” says Roger Wohlner from KeyBank. This is sound advice to keep in mind as you consider the pros and cons between studios and one-bedroom apartments.
Looking to know where to cash coins for free near you? Saving coins can be a great way to save money without even noticing it. However, when you end up with a jar full of loose change, finding an easy way to cash in your coins without paying a fee can feel like a challenge….
Looking to know where to cash coins for free near you?
Saving coins can be a great way to save money without even noticing it. However, when you end up with a jar full of loose change, finding an easy way to cash in your coins without paying a fee can feel like a challenge. Places that have free coin cashing services do exist, so you can enjoy the full value of the money that you have saved.
In this article, I will be talking about places where you can exchange your coins for free near you. We’ll also discuss the pros and cons of using Coinstar machines and tips on how to find coin exchanges in your area. Rolling coins might be an option for you too, and I will explain how to wrap coins as well.
Key Takeaways
Several places will cash coins without charging a fee.
Local banks and credit unions are a great choice for coin exchange.
Coinstar machines are a popular option but may come with a fee. They do have many no fee e-gift cards, though.
Rolling your coins and using free services from banks can save you money.
9 Places To Cash Coins For Free (Or Cheap!)
Finding the right place to exchange your coins can make a big difference. It’s not just about convenience, it’s about keeping more of your money too. Many people hoard coins without realizing the actual value. Dumping your coins into the first machine you see can cost you.
Did you know that some coin exchange machines charge up to 11.9% to convert your change into cash? If you have $100 in coins, that’s nearly $12 lost. It might not seem like much initially, but imagine losing $12 for every $100 in coins you have.
That’s why it’s important to choose the best place to convert your coins into cash. Below are the best places to cash coins for free near you.
1. Wells Fargo
Wells Fargo is a popular bank that allows you to cash your coins for free if you are a customer. You can visit your local branch and ask the teller for help with processing your coins to get cash in return.
2. Credit unions
Credit unions are similar to banks and also have coin exchange services for their members at no additional cost. There are some credit unions that don’t charge for nonmembers as well, so you may be able to call around and see if there is one near you that can exchange your coins for cash for you.
3. Bank of America
As one of the largest banks in the United States, Bank of America allows its customers to cash coins for free. They do require that your coins be rolled, so you will have to remember to do that first.
4. Chase
Chase is another popular banking institution where you can cash your coins without any extra fees. However, you need to be a Chase customer to access this service. Before you go, though, make sure to check Chase’s branch location to make sure that they accept coins as there are some locations that do not.
5. US Bank
If you have an account with U.S. Bank, you can cash your coins free of charge. Just bring your coins and account details to the branch, and their staff can help you. You don’t even need to roll your coins either.
6. QuikTrip
QuikTrip is a convenience store and gas station chain that often allows you to cash your coins for free. Depending on the location, QuikTrip may or may not charge service fees for coin exchanges. QuikTrip’s coin exchange program is a great option for those who need to cash coins quickly without the hassle of becoming a bank member.
They do this because there is a shortage of coins, and they are in need of coins. I do recommend rolling them ahead of time so that you are saving everyone time.
7. Target
Target stores with Coinstar machines allow you to cash your coins for a fee (generally 11.9% or more). Coinstar machines are convenient and can be found in many places.
8. Citi Bank
As a large financial institution, Citibank also permits its customers to cash coins for free. Visit your local branch with your account details and coins, and their staff will help you with converting your coins into cash.
9. Coinstar coin counting machines
I wanted Coinstar to have its own section in this article because it is so well-known as a coin counting machine. Whether you have just some loose change or if you have a busting piggy bank, Coinstar does make it easy.
Below, I will be diving further into Coinstar. And, yes, there is a way to use these coin counting machines near you for free.
What is Coinstar?
Coinstar is a service that has coin counting machines, commonly found in grocery stores, retailers, and more. These kiosks make it easy for you to convert loose change into cash, gift cards, or even donate to charity.
Charity options include the American Red Cross, Children’s Miracle Network Hospitals, Make-A-Wish, NAACP, The Humane Society of the United States, United Nations Children’s Fund (UNICEF), and more.
How to find Coinstar machines
To locate a Coinstar kiosk near you, simply use Google Maps or visit Coinstar’s website and access their Coinstar Kiosk Locator. I used their locator and I found 30 Coinstar machines within just around 30 minutes of me – so there are probably a few coin counting machines near you as well!
There are Coinstar coin sorter machines at Walmart, Safeway, CVS, Winn-Dixie, local credit unions, Target, and more.
Coinstar fees
While it’s convenient to use Coinstar to count and exchange your coins, it’s important to know of the fees associated with cashing in your change when using their machines. Coinstar charges an 11.9% coin processing fee when you convert your coins into cash.
How do I avoid Coinstar fees?
There is a way to cash in your coins at a Coinstar counting machine for free.
If you choose an e-gift card option instead of cash, coin counting is free at most locations in the United States. With a wide variety of eGift Card options from popular stores and restaurants, you can avoid the fees while still benefiting from your collected coins. Some of the places where you can get Coinstar gift cards include AMC Movie Theaters, Amazon, Apple, Cabela’s, Dominos, DoorDash, Lowe’s, Starbucks, Chili’s, Nike, GameStop, Applebee’s, Outback Steakhouse, and more.
How does Coinstar work?
Cashing in your coins is easy with Coinstar. You simply:
Find a Coinstar coin machine near you.
Put your coins into the machine.
Choose to get cash (which has around an 11.9% fee), receive a no-fee gift card, or give a charity donation.
Check the return tray for any coins that were rejected.
Receive your payment. If you chose cash, then you will receive a voucher that you will need to redeem, and you should redeem it on the same day. If you chose a gift card, you can use the unique code printed at the top of the voucher anytime to redeem your gift card.
How to roll coins
If you want to turn your coins into cash, then you may want to learn how to roll coins.
Rolling coins can be an easy way to organize and store your loose change, making it easier to cash them in for free at banks or credit unions. This can help you save on any fees that might be charged by coin counting machines.
First, gather all the coins you’d like to roll. Separate them by denomination (pennies, nickels, dimes, quarters) to make the process easier. Next, you’ll need coin rolls, which are paper or plastic tubes designed to hold a specific number of coins. You can often find these at your local bank or credit union, or buy coin wrappers online on Amazon. These rolls not only help you keep track of your savings but also make it easier for places to accept your coins.
Once you have your coin rolls, start filling them with the appropriate coins. Be sure to use the correct roll for each denomination, as follows:
Pennies: 50 per roll
Nickels: 40 per roll
Dimes: 50 per roll
Quarters: 40 per roll
After filling the rolls, fold or twist the open ends to secure the coins inside. It’s important to have the correct number of coins in each roll to have accurate counting when you take them to the bank.
Now that your coins are rolled, you can cash them in for free at various locations. Banks and credit unions are often the best places to exchange coins, especially if you’re an account holder. It’s always a good idea to call ahead and confirm that they accept rolled coins. Some institutions may have specific requirements for accepting rolled coins, such as labeling the rolls with your account number or providing a deposit slip.
In addition, some stores or gas stations might cash coins for free during a coin shortage, like QuikTrip. Be sure to keep an eye out for such opportunities in your area.
By taking the time to roll your coins, you’re not only organizing your spare change but also potentially improving your overall savings. Rolling coins is a simple process that can provide a great way to turn your loose coins into cash without any additional fees.
Frequently Asked Questions About Where To Cash Coins For Free
Below are answers to common questions about where to cash coins for free.
Where can I cash in coins for free?
You can cash in coins for free at several banks, credit unions, and some stores. Banks like Bank of America, Wells Fargo, and U.S. Bank are known to have this service. Additionally, some credit unions (like American Eagle Federal Credit Union and Westerra Credit Union) and QuikTrip stores also have free coin exchanges.
Where can I find a free coin counting machine?
Free coin counting machines can be found at certain banks and credit unions, as well as some stores like QuikTrip.
Do all banks cash coins for free?
Not all banks have free coin-cashing services, and this service depends on the bank and whether or not you hold an account with them. Some banks may charge noncustomers a fee for coin-cashing services while providing the same for their customers free of cost.
Which banks offer free coin exchange services?
Banks that have free coin exchange services include Bank of America, Wells Fargo, U.S. Bank, Citibank, Capital One, Chase, Citizens Bank, PNC Bank, TD Bank, and more. Credit unions can also be a great option for exchanging coins without a fee.
Are coin sorting and counting machines accurate?
Yes, most coin sorting and counting machines are accurate. However, like all machines, there may be a margin of error, and the accuracy can also largely depend on the specific machine and its maintenance.
Are there any alternatives to Coinstar for cashing in coins?
Yes, there are alternatives to Coinstar for cashing in coins. Going to a bank, credit union, or QuikTrip store can be a better option, as many have free coin counting machines and exchanges, but you should always call ahead to make sure they will change your coins into cash.
How much does Coinstar take out of $100?
Coinstar charges a fee of around 11.9% for cashing in your coins. So, if you cash in $100 worth of coins, Coinstar would take about $11.90, leaving you with $88.10 in cash.
Does Walmart have free coin exchange services?
Walmart doesn’t have free coin exchange services themselves, but some locations have Coinstar coin counter machines. Keep in mind that Coinstar charges a fee, but you can avoid this by choosing a gift card option instead.
Are there any free coin deposit options at Bank of America?
Bank of America has free coin deposit options for its customers. However, you should call your local branch beforehand to make sure they have a coin counting machine available, as not all locations may provide this service.
How To Find Free Coin Counting Machines Near You – Summary
I hope you enjoyed this article on how to find the best places to cash coins for free.
Finding free coin counting machines near you can help you turn your loose change into cash or even gift cards without any additional fees. The best places to turn your coins into cash include:
Local banks and credit unions – Many banks and credit unions have free coin counting services for their customers.
QuikTrip gas stations – QuikTrip has gas stations across 11 states, with 800 locations in total. Some of these locations have free coin counting and exchange services to make up for the coin shortage. You can check the availability of coin counting machines at your local QuikTrip by giving a location a call.
Retailers with coin counting machines – Some stores have coin counting machines that can be used for free or for a very low fee.
As you look for free coin counting machines near you, remember to give them a call first. The fees or services will vary so you will want to check with them directly first.
When was the last time you turned your coins into cash?
Adjustable-rate mortgages (ARMs) have gained popularity as interest rates have risen.
ARMs carry slightly lower rates than fixed-rate mortgages.
If you expect rates to fall, or plan to move before the initial fixed-rate period expires, getting an ARM can make sense.
With mortgage rates trending up and home prices still climbing, more borrowers are looking to adjustable-rate mortgages. This type of mortgage can be a more affordable means to get into a home, especially as higher rates on fixed mortgages begin to price some borrowers out — but is it worth the risk? Here’s how to know if you should get an adjustable-rate mortgage.
Why ARMs are popular right now
Adjustable-rate mortgages, or ARMs, come with lower fixed interest rates for an initial period, after which the rate moves up or down at regular intervals for the remainder of the loan’s term.
At the beginning of 2022, very few borrowers were bothering with ARMs — they accounted for just 3.1 percent of all mortgage applications in January, according to the Mortgage Bankers Association (MBA).
Fast-forward to September 2022, and that figure tripled to more than 9 percent. (Intriguingly, the share of ARMs hasn’t changed much over the past year — ARMs accounted for 8.8 percent of new mortgages the week of Nov. 15, 2023, MBA reports.)
The surge is directly related to the rise in fixed mortgage rates, which have rapidly gone up past 6 percent, a range not seen since 2008. With less purchasing power at higher fixed rates, the lower introductory rates attached to ARMs have started to look much more appealing:
“Given still-high home prices and this rising rate environment, potential homebuyers are finding ways to reduce their monthly payments and view ARMs as more attractive given the widening spread between rates for ARM and fixed-rate loans,” says Joel Kan, vice president of Economic and Industry Forecasting at MBA.
Still, ARM volume isn’t likely to set records this time around. In mid-2005, ARMs represented nearly 45 percent of mortgages originated, according to CoreLogic. (Those teaser rates were part of the lead-up to the housing bubble). Since 2009, they’ve accounted for only as much as 18 percent of originations, and as little as 8 percent.
Is an ARM loan a good idea right now?
An ARM is essentially a bet on the future of mortgage rates. If you think mortgage rates will be lower in a few years, an ARM can let you cash in by allowing your rate to move lower once the fixed-rate period ends. Many housing economists expect mortgage rates to fall in the coming months. For instance, Lawrence Yun, chief economist at the National Association of Realtors, predicted in mid-November that mortgage rates would be below 7 percent by the spring of 2024. If he’s right, taking an ARM now might be a good move.
However, even adjustable-rate mortgages carry fixed rates for a few years, so it doesn’t matter to you what rates do six months from now. It’s all about where rates are when your fixed-rate period ends, typically in three, five or seven years — and predicting rates that far into the future is quite difficult.
Another caveat: An ARM shifts the risk of interest rates from the lender to the borrower. If rates go down, you win. If rates go up, you lose. Because you’re taking on uncertainty with an ARM, the rates are lower.
Mortgage
As of Bankrate’s Nov. 15 survey, the reward for taking an ARM was small. The average rate on a 5/6 ARM was 7.47 percent, compared to 7.66 percent for a 30-year fixed-rate loan.
Who is an adjustable-rate mortgage best for?
A lower monthly mortgage payment sounds like a no-brainer, but ARMs are risky, and they’re not a fit for every borrower. As you weigh the pros and cons, here are some situations when an ARM is a good idea:
You’re not buying your forever home. ARMs typically have fixed-rate introductory periods of three, five, seven or 10 years, so they “can make sense for a borrower with plans for a shorter time frame in their new home of five to 10 years, where they would likely sell before their rate resets,” says Kan.
You’re comfortable with the risk. If you’re set on buying a home now with a lower payment to start, you might simply be willing to accept the risk that your rate and payments could rise down the line, whether or not you plan to move. “A borrower might perceive that the monthly savings between the ARM and fixed-rates is worth the risk of a future increase in rate,” says Pete Boomer, executive vice president at Guaranteed Rate, a mortgage company based in Chicago, Illinois.
You’re borrowing a jumbo loan. Borrowers taking out bigger loans tend to go for ARMs. As of March 2022, 37 percent of originations above $1 million were ARMs, according to CoreLogic.
You’re able to make extra payments in the introductory period. If you have room in your budget to pay extra toward the loan principal during the initial rate period, a lower-rate ARM can help you maximize those interest savings. (Bankrate’s additional mortgage payment calculator can help you weigh different scenarios.)
The risks of ARMs
While ARMs have staged a comeback in today’s rising rate environment, it can be more difficult to qualify for one compared to a fixed-rate mortgage. That’s because you’ll need a higher down payment of at least 5 percent, versus 3 percent for a conventional fixed-rate loan.
There’s also the need to verify that your current financial situation allows for a higher payment down the road — even if you plan to move before the lower-rate period ends.
“Most ARM loans now are underwritten based on the highest payment expected on the loan to ensure the borrower can handle the payment shock from a rate increase,” says Kan. “Many other factors come into play, such as rates over the longer five- to 10-year horizon, the borrowers’ income and employment situation, housing market conditions that impact their ability to refinance or sell (if necessary) when their fixed period expires and more.”
That “if necessary” piece underscores the primary risk with ARMs: It’s impossible to predict the future. What if you’re nearing the end of the introductory period and lose your job? What if your plan to sell the home gets derailed by a market downturn? Nothing in life is certain, so if you need a stable monthly payment — or simply can’t tolerate any level of risk — it’s best to go with a fixed-rate mortgage, despite the expense.
Types of ARMs to consider
If you qualify for an ARM and plan to get one, you’ll have a few options. The 5/1 ARM is the most common type of adjustable-rate mortgage. With this ARM, you’ll have the same interest rate and principal and interest payments for the first five years. After that, the “1” comes into play: Every year, your interest rate will adjust up or down based on the current market.
In addition to 5/1 ARMs, 5/6 ARMs are becoming more popular. With this type of loan, you’ll still get the five-year introductory rate, but the interest rate resets more frequently: every six months.
There are other types of ARMs as well, including:
3/1 or 3/6 ARM – You’ll have an introductory rate for three years, followed by annual or six-month rate resets. Since you’re only getting the fixed rate for a short time, that rate might be the lowest ARM rate you find. 3/1 ARMs aren’t as common as other kinds of ARMs, however.
7/1 or 7/6 ARM – You’ll have a fixed rate for seven years, then pay a new rate (either higher or lower) every year or six months.
10/1 or 10/6 ARM – A 10/1 or 10/6 ARM has the longest period of stability: a full decade of fixed-rate, predictable payments, followed by annual or six-month adjustments. Since you’re getting 10 years of the same payments, the introductory rate usually isn’t as competitive as rates on shorter ARMs.
Most ARMs have caps on how much the rate can increase in one year (or whatever the interval is), along with a lifetime cap that limits the amount it can increase throughout the loan’s term. You can use Bankrate’s adjustable-rate mortgage calculator to estimate whether you’d be able to shoulder the largest possible monthly payment based on your lifetime cap.
Do you want to become a bookkeeper and earn money from home? If so, you may be interested in learning about the most popular bookkeeping course out there – Bookkeeper Launch. In this Bookkeeper Launch Review, I will help you learn everything that you can about this course so that you can decide if you…
Do you want to become a bookkeeper and earn money from home? If so, you may be interested in learning about the most popular bookkeeping course out there – Bookkeeper Launch.
In this Bookkeeper Launch Review, I will help you learn everything that you can about this course so that you can decide if you should take it or not.
Bookkeeper Launch is a popular course that teaches people how to do bookkeeping and start their own virtual bookkeeping businesses. It’s made for people with various levels of experience (even if you’re a beginner!) and covers what you need to start a successful bookkeeping business.
In this article, we’ll explore what Bookkeeper Launch teaches, how it’s organized, and what people who have purchased it think, to help you decide if it’s a good use of your time and money.
Please click here if you want to sign up for Bookkeeper Launch.
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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.
Key Takeaways
Bookkeeping jobs are great because you can learn the skills you need from the comfort of your home, and then you can also work the job at home while creating your own schedule.
Bookkeeper Launch is a complete program that teaches bookkeeping skills and guides students in starting their own businesses.
The course is around 60 hours long and over 10,000 people have taken this course!
The course teaches a lot, starting from the basics of accounting to ways to get clients through marketing.
You do not need to have previous experience in accounting or bookkeeping to get started.
There is a free workshop that helps you get started with becoming an online bookkeeper.
The cost for Bookkeeper Launch is $249 a month for 12 months, or $2,499 up front.
Bookkeeper Launch Review
What is a bookkeeper?
A bookkeeper is a person who keeps track of money-related activities for businesses and individuals. They make sure that all the financial records are correct, current, and well-organized. If you become a bookkeeper, you’ll do things like putting in numbers, making sure bank records match, and creating financial reports.
Bookkeeping tasks may include:
Recording financial transactions
Categorizing and organizing financial information, such as filing receipts
Producing financial statements
Bank statement reconciliation
Creating financial reports
Processing invoices
Cash flow management
Running payroll
People with virtual bookkeeping jobs work remotely from home, and they do not physically need to go into the office. Bookkeeping is a great option for remote work because all of a bookkeeper’s work can be done online or with computer software.
If you are a freelance bookkeeper, you may have several clients or just one. It simply depends on what type of bookkeeping business you want to run.
Recommended reading: How To Become a Bookkeeper and Make $40,000 Per Year
How much do virtual bookkeepers make?
The amount that a virtual bookkeeper can make will vary.
This is because it depends on how many hours you put toward it each week (do you want to work part-time or full-time, for example), what you’re doing to grow your business, and more.
As an online bookkeeper, you may be able to earn around $40,000 or more each year. This is around 12 to 16 clients each month. Per-hour pay may range anywhere from $60 to $100 an hour.
It’s not uncommon for a bookkeeper to make approximately $300 a month for one client, and that’s working around 4 to 5 hours a month total.
Recommended reading: Online Bookkeeping Jobs: Learn How To Get Started Today
What is Bookkeeper Launch?
Bookkeeper Launch (formally called Bookkeeper Business Launch) is an online course that teaches you how to begin and grow your own bookkeeping business.
It’s sold by Bookkeepers.com and created by Ben Robinson, who has more than 15 years of experience as a Certified Public Accountant, and he used to own a CPA firm until he sold it.
The course covers important areas like basic bookkeeping, starting your business, ways to promote it, and finding customers. When you join Bookkeeper Launch, you’ll learn what you need to start a virtual bookkeeping business and work from your home or any place you like.
Who is Bookkeeper Launch for?
Bookkeeper Launch was created for people who want to either start their own bookkeeping business or improve their current bookkeeping skills. It doesn’t matter if you’re a beginner or already have some experience, the course has useful tools and direction tailored to what you require.
It’s a good fit for people who want a flexible work schedule, like dealing with numbers, and are careful about details. If you’re prepared to establish a thriving bookkeeping business, Bookkeeper Launch could be just the right choice for you.
This course is made for people who are thinking about changing their careers and for those who are already experienced. It helps you learn all the details of bookkeeping and also how to start and expand your own business.
What’s in Bookkeeper Launch?
Below I will be talking about what is in the Bookkeeper Launch course.
What’s included in the Bookkeeper Launch course?
The Bookkeeper Launch course teaches you everything you need to know to start a 100% virtual bookkeeping business from scratch.
There is a lot included in this course from lessons, practice exams, checklists, and more.
Bookkeeper Launch is made up of 3 main categories plus the “Power Units,” each focusing on the 3 key areas of learning about bookkeeping.
Category #1 – 21st Century Bookkeeping Skills is all about becoming a high-quality bookkeeper. You will learn exactly what a bookkeeper does, all about the most important financial statements that you will be creating (Balance Sheets, Income Statements, Statements of Cash Flow), how to create financial reports, and more. You will even learn how to clean up a business owner’s books and organize the worst financial mess.
Category #2 – Clients is where you’ll get your first handful of clients to get your business off the ground. This module is all about how to get clients and find bookkeeping jobs. You’ll learn how to find clients, how to price your services, how to send proposals, and more. There’s even a lesson on “How to Yakkity-Yak” which is how to promote your bookkeeping services without being spammy or annoying.
Category #3 – Business Systems is where you’ll develop the systems you’ll need to succeed (and run your business day-to-day). This module will teach you how to be as efficient as possible with your bookkeeping services so that you can get things done quickly but also correctly. You will learn how to set up and manage your business, how to save money with your business, how to save time running your business, and more.
Power Units are for when you’re ready to grow your business. They will teach you how to follow up with possible new clients, how to get referrals, and more. There is a helpful email template that you can use as well as a follow-up system for email outreach.
You also get to use the Bookkeeper Launch Resource Libraries. This includes guides, templates, worksheets, and more so that you can start a successful bookkeeping business.
When you’ve finished the course and the exams, you will receive the Bookkeeper Launch Certificate of Completion as well as a badge to show on your website or social media accounts.
Bookkeeper Launch also provides a 7-day plan to launch your business. This is a step-by-step plan to get your business started in just one week. You will learn how to set up your business legally, how to onboard a client, and more.
You can see the full syllabus here.
Support and community
A great thing about the Bookkeeper Launch program is that it has strong support and a community. You can get lots of help and tips from experienced bookkeepers in online groups and live sessions when you purchase the course.
There is a support group community for everyone who has taken this course that is hosted on Facebook. There are over 8,000 people in this private group! You can ask questions whenever you like, and learn tips from others in the group.
Once you join the course, you can get help whenever you need it from their team. There is unlimited email support which is great for whenever you have questions. There are also 2 weekly live question-and-answer sessions that they host in their group.
They even have a “Legal Lunch” in their group so that you can get help from a lawyer. Each month, Bookkeeper Launch invites a lawyer into their group consultation call. You can ask any questions on the live call about setting up your business.
How much does Bookkeeper Launch cost?
The Bookkeeper Launch course teaches you everything you need to know to be a successful bookkeeper. It’s split into different sections that cover important topics. There is Bookkeeper Launch Pro, Bookkeeper Launch Premier, and Bookkeeper Launch Team.
You can sign up by making one payment or by paying monthly, which makes it affordable for different budgets.
Free training: They also have free training that you can take. If you are interested in finding online bookkeeping jobs, I recommend signing up for this free workshop that’s all about finding a virtual bookkeeping job. Here, you will learn how to start a freelance bookkeeping business. You can sign up for free here.
Below, I will be talking about each of the Bookkeeper Launch options:
Bookkeeper Launch Pro
With this option, you get the full course (the Bookkeeper Launch System) and access to the private Facebook group of virtual bookkeepers as well as resource library access.
You get the bookkeeping course plus bonus materials such as Hacks & Facts and Profit Maximizers. This comes with unlimited access and updates.
Bookkeeper Launch Pro costs $249 monthly for 12 months, or $2,499 up front.
Bookkeeper Launch Premier
This is your fastest path to becoming a bookkeeper, and you get access to everything in Bookkeeper Launch Pro plus more. You get the full course and the private community plus weekly group coaching to guide you through building your business.
This level comes with 8 group coaching sessions, unlimited open mic sessions, accountability, and more.
Bookkeeper Launch Premier costs $299 monthly for 12 months, or $2,999 up front.
Bookkeeper Launch Team
With Bookkeeper Launch Team, you get everything in Bookkeeper Launch Pro and Bookkeeper Launch Premier, as well as:
The Marketing Machine
Outstanding Processes & People (OPP)
Exclusive “Elite” Community of Bookkeeping Entrepreneurs
Licensed access for 2 of your team members to the 21st Century Bookkeeping Skills section of Bookkeeper Launch (these are called Knowledge Licenses)
Bookkeeper Launch Team costs $4,999 up front.
Bookkeeper Launch refund policy
This course has a 30-day money-back guarantee. So, if you are not 100% happy with the course, you can get a refund.
Pros and cons of Bookkeeper Launch
As someone who is considering the Bookkeeper Launch course, it’s important to think about the pros and cons before making your decision. Below is a list of some key things to consider in order to help you make the best choice.
Pros:
Good income potential – Many Bookkeeper Launch graduates have reported earning $50,000 or more per year as bookkeeping professionals.
Quality content – According to reviews, the course has comprehensive, easy-to-understand lessons that set you up for success as a bookkeeper.
Expert guidance – Ben Robinson, a Certified Public Accountant with over 20 years of experience, teaches the course. His credibility in the field contributes to the course’s value.
Strong track record – Thousands of people have gone through the Bookkeeper Launch program and started successful bookkeeping businesses, attracting high-paying clients in the process.
Cons:
Price – One of the main drawbacks is the cost of the course. Some potential students may find it difficult to justify the expense, especially if they are just starting out in the bookkeeping profession and may have financial constraints.
Time – The course takes around 90 days to complete, as it teaches you everything that you need to know.
Bookkeeper Launch reviews and ratings
No review is complete without looking for feedback from actual course students. The Bookkeeper Launch course has received many positive reviews from numerous students.
People who finished the course really liked what they learned and how supportive it was. A lot of them have started their own bookkeeping businesses, which shows that the course really works. These good reviews make the Bookkeeper Launch course seem even more trustworthy and show that it’s a great start for a bookkeeping career.
You can read Bookkeeper Launch success stories here.
Bookkeeper Launch course review BBB
Bookkeeper Launch has an A+ rating from the Better Business Bureau. With over 40 reviews, they have managed to maintain an average of 5 stars. This high ranking from the BBB shows that the course has a good reputation and provides excellent value to its students.
Bookkeeper Launch course review Reddit
I browsed Reddit for firsthand reviews of the course and found many positive reviews for Bookkeeper Launch.
One review I found said:
“I highly recommend BL over the DIY/free method. I was a bit skeptical at first, but purchasing BBL (as it was called back then) was one of the best decisions I’ve made. You will learn about much more than just the bookkeeping, and will forever have access to a HUGE network of bookkeeping professionals.” – BookToTheFutureLLC
Frequently Asked Questions About Bookkeeper Launch Course
Below are answers to common questions about the Bookkeeper Launch course.
Is it hard to become a virtual bookkeeper?
Becoming a virtual bookkeeper may seem hard at first, but with the right training and resources, you can develop the skills and knowledge to succeed. It’s important to be dedicated, focused, and open to learning new things as you go through your training.
Does Bookkeeper Launch teach bookkeeping?
Yes, Bookkeeper Launch is a course designed to teach you everything you need to know about bookkeeping, along with marketing and business-building strategies to help you launch your own virtual bookkeeping business.
How effective is the Bookkeeper Launch course?
Bookkeeper Launch has a proven track record, with thousands of people who have successfully started their own bookkeeping businesses and attracted high-paying clients. The course holds an A+ rating with the Better Business Bureau and has received numerous positive reviews from its students.
What is the cost of the Bookkeeper Launch?
Bookkeeper Launch Pro costs $249 monthly for 12 months, or $2,499 up front.
Are there any prerequisites for this course? Do I need to be an accountant beforehand?
No, this course is great for beginners with no prior knowledge of bookkeeping. It starts with basic concepts and gradually progresses to harder topics.
Who is the founder of Bookkeeper Launch?
Bookkeeper Launch was founded by Ben Robinson, a former Certified Public Accountant (CPA) who has dedicated himself to helping aspiring bookkeepers start successful businesses.
Is there a certification provided upon completion?
There is not a certification, but you do get a certificate. When you’ve finished the course and the exams, you will receive the Bookkeeper Launch Certificate of Completion as well as a badge to show on your website or social media accounts.
Is Bookkeeper Launch accredited?
Bookkeeper Launch is not accredited by any educational institution. However, it has an A+ rating with the Better Business Bureau and over 10,000 students have taken the course.
Is Bookkeeper Launch self-paced? How long is the Bookkeeper Launch program?
Yes, Bookkeeper Launch is a self-paced, online course, which means you can go through the lessons and complete the training at your own pace. This flexibility makes it a great option if you have other commitments or are looking for a course that fits your schedule.
Is Bookkeeper Launch free?
Bookkeeper Launch is not free. But, they do have a free training workshop that you can sign up for. Their free workshop is all about how to find a virtual bookkeeping job. Here, you will learn how to start a freelance bookkeeping business. You can sign up for free here.
Are there any discounts or promo codes available?
Discounts and promo codes for Bookkeeper Launch may be available from time to time. It’s best to check the Bookkeeper Launch website or sign up for their newsletter to receive updates on any current promotions or discounts. If you sign up for their free workshop, you’ll be informed of any sales. Also, there is a 30% military discount for active duty or retired service members as well as their spouses.
Is Bookkeeper Launch legitimate and worth it?
If you want to be a successful independent bookkeeper, turning what you know into a real business can be scary. It’s not always easy to figure out how to make it work. That’s why this course for beginning bookkeepers can really help.
A good bookkeeper course covers more than just the basics. It also teaches important things that are sometimes forgotten but really important for starting a bookkeeping business. This includes how to get clients and handle money.
Bookkeeper Launch Review
I hope you enjoyed this Bookkeeper Launch Review.
Bookkeeper Launch is a great course to take if you are looking to start a virtual bookkeeping business. Over 12,000 people have taken this course, and there are many, many positive reviews for it.
Bookkeeper Launch teaches you how to start your own online bookkeeping business right from the very beginning, even with no experience.
This course will teach you how to learn real bookkeeping skills (such as how to prepare financial statements and other tasks you may be doing for businesses as a bookkeeper) and actually find clients so that you can make money and work from home.
The course is self-paced too, which means that you can take the course as quickly or as slowly as you would like.
I have heard great reviews about this bookkeeping course from many of my readers, and I know of many people who have found bookkeeping jobs because of what they have learned through this training.
Do you want to become an online bookkeeper? What did you think of the Bookkeeper Launch course?
The housing market in Boise is always evolving. As of the latest data, the Boise housing market presents a somewhat competitive landscape for prospective homebuyers, with houses receiving an average of two offers and being sold in around 21 days. This pace underscores a brisk but not frenetic market, allowing buyers some breathing room to make the right decisions at the right time.
The Boise housing market at a glance
A key indicator of market health, the median sale price of a home in Boise stands at $515,000, marking a modest year-over-year increase of 1.0%. This gentle price ascent reflects a market that is growing steadily, avoiding the pitfalls of sudden spikes or declines that can lead to instability.
Even more telling is the median sale price per square foot, which has seen a slight decrease of 3.8% since last year, possibly pointing to larger homes entering the market or a shift in the types of properties being sold.
The volume of sales tells a more nuanced story. In 2023, Boise saw 227 homes sold, a decrease of 19.8% compared to the previous year. This drop could reflect a variety of factors, including a potential shortage of inventory or a change in buyer sentiment. Nevertheless, the median days on market — a metric indicating how long homes are listed before a sale is agreed upon — has dropped from 34 to 21 days year-over-year, revealing that while fewer homes are being sold, those that are listed are moving quickly.
Competition in Boise’s housing market
Boise’s real estate market competitiveness is further clarified by the Redfin Compete Score™, which rates areas on a scale of 0 to 100, with 100 being the most competitive. Boise scores a 61, illustrating a market where homes often receive multiple offers but typically sell for about 1% below the listing price. Homes categorized as “hot” may sell for around the list price and go under contract in as few as 5 days, showcasing the desirability of certain listings.
Furthermore, the sale-to-list price ratio in Boise is 99.1%, up 1.2 points from the previous year, indicating that homes are selling close to their asking prices, a sign of a healthy market where there is a good balance between buyer demand and seller pricing.
Investing in Boise real estate
For those considering Boise as their next home or investment, these figures paint a picture of a market that is competitive but not overheated. The city’s real estate market is managing to keep pace with demand without succumbing to the volatility seen in other regions. This suggests a sustainable growth trajectory for Boise’s housing sector, making it an equally attractive proposition for buyers and investors.
Find a beautiful house in Boise
The Boise housing market is characterized by a stable yet competitive atmosphere, with homes selling relatively quickly and for near asking prices. While the number of homes sold has seen a downturn, the overall health of the market remains robust, reflected in the consistent sale prices and the competitive nature of listings. As Boise continues to attract attention for its quality of life and economic opportunities, its housing market is poised to maintain its steady course.
Renting in Boise
Turning our attention to the rental market in Boise, it also reflects the city’s broader economic trends and the influences affecting the housing market.
Rental markets in cities like Boise are typically influenced by several factors including the availability of housing, population growth and economic conditions. As home prices rise modestly, it can signal a corresponding shift in the rental market. Potential homebuyers who are priced out of purchasing may turn to renting, which can increase demand for rental properties and, subsequently, rental prices.
Average rent in Boise
In markets characterized by a competitive housing environment with rapid sales and close-to-list prices, rental properties often see high occupancy rates. Landlords and property managers may have the leverage to ask for higher rents, especially if the local economy is strong and the population is growing, which seems to be the case with Boise.
How the housing market affects the rental market
Additionally, when home sales decrease, as noted with the 19.8% year-over-year drop in Boise home sales, the rental market might absorb those who are waiting for the right time to buy or who prefer the flexibility that renting offers. This can lead to a decrease in rental vacancies, further pushing up rental prices.
However, it’s important to note that rental prices are also subject to regulatory changes, like rent control laws and the development of new rental properties, which can increase supply and potentially stabilize or lower rents.
Apartment rent ranges in Boise
$501 – $700: 1%
$701 – $1,000: 4%
$1,001 – $1,500: 29%
$1,501 – $2,100: 35%
$2,101+: 30%
Considering these factors, those looking to move to Boise should be aware of the potential for a competitive rental market. Prospective renters may face quick turnaround times on rental listings and should be prepared for a possibly dynamic pricing environment. Like the housing market, the rental market in Boise is likely to be resilient, reflecting the city’s economic stability and appeal as a growing urban center in Idaho.
Find the best spot for you in Boise
Those considering Boise as their home should weigh the pros and cons of renting versus buying in a market that is robust and thriving, with both sectors offering opportunities and challenges that reflect the city’s desirability as a place to live and work.
If you’re ready to settle down in Boise, find your home in just a few clicks with Rent.
Cars are integral to our daily lives: We drive them to and from work and school. We use them to get groceries and go to the doctor. And, when our budget allows, we use them to get out of the house and treat ourselves to an evening of fun.
But what happens when your car breaks down and you don’t have the money saved up to fix it? That’s a reality for more than half of Americans, according to Bankrate’s 2023 Emergency Savings Report, an annual survey done in partnership with the survey and market research firm SSRS. Almost 60% of Americans say they wouldn’t use cash from emergency savings to pay for an unexpected car repair. Instead, they’d turn to credit cards, friends and family, or personal loans.
Using personal loans for car repairs can be a good solution when you don’t have the cash on hand, and it may be more affordable than paying with a high-interest credit card. Below, we’ll explore the pros and cons of using personal loans for car repair as well as some alternative options.
What Personal Loans Are and How They Work
A personal loan is a loan from a financial institution that borrowers can use for a wide range of purposes, from weddings and vacations to debt consolidation and medical costs to home renovations and, yes, car repairs. You’ll repay your personal loan, plus interest, over a set number of months.
As you start to explore your options, it helps to understand how personal loans work and the different types of personal loans available.
Pros and Cons of Personal Loans for Car Repairs
Taking out a personal loan to cover the cost of car repair can be helpful, but are there drawbacks to consider? Let’s review the pros and cons:
Pros
Cons
Get fast funding to cover repairs
Increased debt
Prioritize your family’s safety on the road
Upfront fees
Ensure you can still drive to and from work to generate income
Temporary drop in credit score
Avoid high-interest credit card debt to cover repairs
Less room in monthly budget
Pros
• Get fast funding to cover repairs: Many personal loans offer same- or next-day funding, which means you can pay for car repairs quickly and get back on the road.
• Prioritize your family’s safety on the road: Without access to cash, some drivers may be tempted to forego necessary repairs and put themselves, their families, and other drivers in danger by driving with a damaged vehicle. A personal loan allows you to pay for damage now at a potentially lower cost before the issue grows and becomes more expensive to fix.
• Ensure you can still drive to and from work to generate income: Despite the advent of remote working, many people still rely on their vehicle to get to and from their job. Without it, you’ll need to pay for rideshare or a car rental or depend on the kindness of a coworker to give you a lift. Otherwise, you may need to skip work and miss out on that pay. Repairing your car quickly with a personal loan helps ensure you can get yourself to and from work on time.
• Avoid high-interest credit card debt to cover repairs: Many Americans reach for their credit card to cover the cost of emergency car repair. According to Bankrate’s 2023 survey, 25% of respondents said they’d swipe their card to pay for repairs. The problem? More than a third of Americans have more credit card debt than emergency savings — and such debt can be hard to overcome when you don’t have funds set aside for unexpected expenses.
Cons
• Increased debt: The biggest drawback of taking out a personal loan is the increased debt. Sometimes debt is necessary, like taking out a mortgage to buy a home or getting a student loan to pay for college. However, if it’s possible to avoid debt for small expenses like car repair, you typically should. That said, fixed-rate personal loans may be a more manageable form of debt for borrowers than a variable-rate credit card.
• Upfront fees: Many personal loans come with origination fees at the start, especially for borrowers without great credit. These fees, plus the interest on the loan, mean you’ll end up spending much more for the car repair than you would if you paid out of pocket.
• Temporary drop in credit score: While many lenders allow you to prequalify for a personal loan without an impact on your credit score, there will be a hard inquiry on your credit report when you officially apply. Such hard inquiries temporarily lower your credit score, but don’t worry: Your score will likely rebound over time, and if you responsibly manage your personal loan, you may even see it grow higher than when you started.
• Less room in monthly budget: When you take out a personal loan, you’ll have fixed payments for a set number of years. It’s crucial that you make these payments every month and on time. That means you’ll have a little less room in your budget until it’s paid off. If you’re living paycheck to paycheck or struggling to build your emergency savings, this tighter budget can be problematic.
Recommended: What Are Daily Simple Interest Loans?
How to Use a Personal Loan for Auto Repairs
Personal loans are straightforward. Aside from a few restrictions that vary by lender, you can use personal loans for almost anything. You’ll apply and, upon approval, have the funds deposited in your checking account. Then you can take that money and pay the mechanic directly to repair your car.
Applying for a Personal Loan
So how do you get a personal loan for car repairs? First, make sure you meet a lender’s requirements, and then you can go through the application process.
Requirements
These are the typical personal loan requirements you’ll need to meet to get approval:
• Credit score: Each lender will have its own personal loan credit score requirements. If you have bad credit, don’t sweat it: There are lenders out there with personal loans for poor-credit borrowers. Just expect to pay higher fees and interest.
• Collateral: Many personal loans are unsecured, meaning you don’t have to put up any collateral. However, if you are struggling with your credit score, you may have an easier time getting approved (and at a lower rate) if you’re willing to put up collateral, such as your car.
• Proof of income and employment: Lenders want to know that you have a means of repaying the loan. To that end, you may need to prove that you’re employed — and that you make enough to cover the monthly payment.
• Debt-to-income ratio: Lenders commonly analyze your debt-to-income (DTI) ratio, which compares your monthly debt payments vs. the amount of money you make in a month. The lower the ratio, the more likely you are to be approved.
• Origination fee: Some personal loans may include an origination fee to be paid up front, often expressed as a percentage of the loan amount (somewhere between 1% and 10%). You may be able to pay this out of pocket, but often lenders roll it into the loan’s total cost or even deduct it from the loan amount you receive.
Recommended: Compare Personal Loan Rates and Terms
Application Process
When you’re ready, you can apply online, over the phone, or in person (it’ll vary by lender). You’ll usually hear back about approval quickly — and may even receive the loan funds on the same day.
Many lenders let you check your personal loan rates and eligibility online before you apply. There’s no hard credit inquiry for this, so it’s a nice way to see if you qualify and compare lenders.
Alternatives to Personal Loans for Auto Repairs
The ideal alternative to getting a personal loan to fix a car is paying with cash from your emergency fund. But if you don’t have an emergency fund — or don’t have enough saved up yet — paying with credit is your main option.
Personal loans are a top option, but there are some alternatives to personal loans for auto repairs:
Credit Cards
Many mechanics will let you pay for auto repair with a credit card. This can be an attractive option if you have a rewards credit card that pays cash back.
The problem is that many borrowers have variable-rate credit cards with high APRs. If you don’t pay off the debt quickly, the interest charges will start to rack up.
Title Loans
Title loans allow you to use your car as collateral to secure funding. It’s a common option for bad-credit borrowers who can’t afford car repair, but be cautious: These loans are short-term, and if you don’t repay yours, the lender will take your vehicle from you.
This is a last-resort loan. For most borrowers, there’s likely a better, safer option.
Payday Loans
Payday loans are convenient for borrowers who need cash now, because there’s usually no credit check or collateral, and you can get the money right away.
The catch? These predatory loans can have high fees and interest rates reaching more than 600%. When it’s time to repay the loan (your next payday), you might find that you can’t afford to repay it — and you’ll have to take out a bigger loan to pay off the first one.
If you’re thinking about a payday loan for car repair, it’s a good idea to reconsider. Payday loans can lead to mounting debt and bankruptcy. And even if you pay yours off, it typically won’t help build your credit score (most lenders don’t report on-time payments to credit bureaus).
Instead, you might want to consider other alternatives, like secured personal loans or even a loan from friends and family. 💡 Quick Tip: Just as there are no free lunches, there are no guaranteed loans. So beware lenders who advertise them. If they are legitimate, they need to know your creditworthiness before offering you a loan.
The Takeaway
Personal loans for car repairs may be a smart option when you don’t have the cash on hand. With a personal loan, you can get fast funding to pay for the repairs within a day or two, and the small available loan amounts mean you don’t have to borrow more than you need. There are some alternatives to personal loans for auto repairs, including credit cards. However, if you’re unable to pay off what you owe quickly, the interest charges will begin to pile up.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
SoFi’s Personal Loan was named NerdWallet’s 2023 winner for Best Online Personal Loan overall.
FAQ
Can personal loans be used for car repairs?
Yes, you can use personal loans for car repairs. In fact, unexpected emergencies such as car repairs are a very common use case for personal loans. You can use personal loans for almost anything.
What sorts of financing can you get for a vehicle repair?
Drivers who can’t afford vehicle repair with their own emergency savings can consider a number of financing options, including personal loans and credit cards.
While title loans and payday loans are alternatives, they’re generally a risky solution that could lead to car repossession, major debt, or even bankruptcy. Similarly, some mechanics may offer their own financing, but Consumer Reports warns that these loans can be predatory, with interest rates up to 189%.
Is getting a personal loan to repair a car a good idea?
If you can’t afford to repair your car out of pocket, a personal loan can be a good idea. Personal loans may have lower rates than a credit card, and making on-time payments on your loan could even help boost your credit score.
And if the alternative is not fixing your car, you’ll either have to drive an unsafe, damaged vehicle or get around without an automobile — which can be inconvenient and lead to lost wages if you miss work.
Photo credit: iStock/demaerre
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.