7 Myths About Work From Home Jobs & What It’s Really Like

I have been working from home or while traveling full-time since around 2013, and since then I have heard so many myths about work from home jobs.I have been working from home or while traveling full-time since around 2013, and since then I have heard so many myths about work from home jobs.

Some of the things that I’ve heard over the years include:

“Working from home must be boring.”

“You must have so much free time to get chores done!”

“Aren’t all work from home jobs scams?”

“Working from home isn’t a real job”

Whether you work for yourself and your office is in your home, or if you telecommute and work for someone else, I’m sure you’ve heard some of these myths about work from home jobs as well.

Truth is, so many people think that working from home is something different, until they get to experience it.

And, this is something that many people are learning in 2020 due to current events!

Now, I want to say that I absolutely love and enjoy working from home.

I would not change a single thing about working from home.

However, some people have said certain things to me that really make me laugh. I think part of that is because they’ve never worked from home before, and the reality is that working from home is still work.

Working from home can be different for everyone because we all have different jobs. Also, what your work from home situation is like makes a big difference too. 

Working from home with kids can make things more challenging. Some jobs keep you tied to your laptop, some require extreme concentration, some are more flexible, etc.

Still, it’s all work!

Today, I want to talk about some of the most common work from home facts and myths. I’m going to explain the misconceptions of working remotely and what’s really happening when people work from home.

Now, I hope today’s article doesn’t come across as a big complaint. Instead, I simply want to shed some light on the topic and explain the truth about working from home.

Content related to myths about work from home jobs:

  • 12 Work From Home Jobs That Can Earn You $1,000+ Each Month
  • Ways To Make An Extra $1,000 A Month
  • 9 Work From Home and Travel Careers
  • 15 Outdoor Jobs For People Who Love Being Outside

Here are common 7 myths about work from home jobs.

 

Myth: You can run errands for everyone during the day

“You must have so much free time to get chores done!”

When I first started working from home, I received so many phone calls from people asking me to do favors, and almost every single time it started with “since you have nothing else to do during the day…”

While I don’t mind helping others around me, I know I’m not alone – this is something that many, many people who work from home have an issue with.

It can be so hard saying no.

Many people think that if you work from home, you don’t actually do anything all day. This sometimes leads to friends and family members asking for favors from those who work from home.

I know friends who work from home who have been asked to babysit, pick things up from the store, grab dry cleaning, bring a pet to the groomer, and more. 

If you have the time and you want to, by all means say yes to every favor. It does feel good to help others.

But, don’t feel like you have to jump on every request just because you work from home.

 

Truth: People who work from home still have to stick to a schedule

One of the reasons people believe that last myth is because working from home is so flexible, and they’ve probably heard that before.

The truth is, while it’s flexible, many people who work from home still try and stick to a normal-ish schedule. 

That’s because if you have other people in your life that keep regular 9-5 hours or have kids in school, working during “normal” hours makes the most sense. It’s probably the only time you have to get any work accomplished. 

Be honest with the people around you and explain the situation. More importantly, be realistic with yourself. It feels nice to help other people out, but running errands all day for others can prevent you from completing work, force you to work late in the evening or weekends, and it can also cost you money.

It also helps to set some boundaries with those around you. Tell the people in your life if there are certain times they shouldn’t bother you, that you might not pick up the phone right away, etc.

Not everyone will understand, some people will get it, and some people probably aren’t sure what working from home means.

But, most people will happily respect your boundaries once you tell them what they are.

 

Myth: Working from home is boring

“I could never work from home, I would be too bored.”

I hear this all the time, ever since I first started working from home.

This is one of the myths about work from home jobs that people believe because they think they would miss working with other people. I understand that – I remember having lots of fun with some of the people I used to work with.

Many people believe this myth because it might sound boring to stay in your house all of the time. It can be, that’s not always the case.

 

Truth: Working from home can be both exciting and boring

Some people would probably think that blogging is boring whether they did it in an office or from home. That’s probably true for lots of jobs.

Your job can be exciting, boring, stressful, calm, easy, difficult, etc. And, it can feel like all of those things over the course of the day. 

Another thing is that while working from home might sound boring to some people, I look at what it allows me to do. Don’t get me wrong, I love my job, and I don’t find it boring, at all. 

But, I also love that working from home allows me to travel full time. I have gotten to visit so many amazing places. And, I can choose when I work.

Still, there are some days when I’d rather be doing something other than working, but that doesn’t make working from home boring.

If you’re struggling with this, think about what your situation allows you to do. Focus on the positives.

Some people love what they do, and others love what their job allows them to do.

 

Myth: All work from home jobs are scams

When I tell people what I do, they usually don’t believe it. Many people think that home businesses are scams.

While this myth has eased a little bit over the years, a LOT of people thought working from home was a scam just about a decade ago.

Things have changed a lot in the last several years!

According to Stanford, 42% of the U.S. labor force currently works from home full-time in 2020.

Not all work at home jobs are scams. I have a legitimate business! Just like anyone else who has a business, mine is a business as well.

There are many, many work from home jobs that exist and are legitimate.

 

Truth: There are work from home scams

Unfortunately, there are still some scams out there. 

There are scams that say a company will pay you $10 for every envelope you stuff. There are some scams where a person says they’ll send you a big check up front, but you have to forward part of that check back to the business.

Work from home scams do exist, but that’s not at all the case with the majority of them.

Please head to How To Spot Work From Home Job Scams And Avoid Them At All Costs to learn more.

 

Myth: It’s easy to separate work and life

When you work from home or have your own business, it can be very difficult to completely stop working.

Whenever we go on a trip, I almost always continue working the same amount that I do when I am at home. When you are a business owner, especially in the beginning, you want to bust your butt off to make your business successful. 

It can go the other way too. If you are working from home and see dirty dishes in the sink or unfolded laundry, you can easily get distracted from what you’re doing and stop working. 

It’s also easy to get distracted by personal emails, phone calls, social media, etc. 

This is something I still struggle with.

 

Truth: You can make a better work from home environment

One of the things that may help you separate work from the rest of your life is making sure you set boundaries and create a good physical and mental space to work.

I recommend setting work hours for yourself, making time for vacations, taking breaks throughout the workday, and so on.

Even though you are working from home and you probably don’t have anyone looking over your shoulder to see what you are doing all day long, I still recommend having clear work hours. This will help you manage your time, complete your work, and “leave” work for the day.

If you get distracted by what else is happening in your house, try to make some space that is only for working. You don’t need an office – it can be as simple as a clean dining room table. Or, do the dishes and fold the laundry before you start working.

 

Myth: You’re not actually working when you’re at home

Working from home is still working!

You still have a job and tasks still need to be completed.

This is one of the myths about work from home jobs that gets me the most.

For some reason, many people associate working from home with not doing any work at all. Boy, are they wrong!

I have even had people not believe me and then ask for a full schedule of what I do each day to prove myself.

If me and the millions of other people weren’t actually working when they were home, how would we be holding jobs and getting paid?

 

Truth: People successfully work from home every day

The reality is that the only real thing that changes when you work from home is that the location is different.

People run multi-million dollar businesses from their home. Some hold side hustles, freelance, run Etsy shops, dog sit in their home, work jobs in the corporate world, and much more.

Sure, there are distractions and you may find more time to spend on non-work tasks, but working from home is still working.

 

Myth: You will be lonely when working from home

I’m often asked if I get lonely working from home, and this is one of the most common myths about work from home jobs.

People think that when you work from home that you have absolutely no contact with anyone else. But when I worked in an office, I hardly ever had human contact, except during meetings. That honestly felt more lonely than working from home.

Now, I talk to people all day long. I talk with other bloggers, I answer emails from my readers, and I interact with people on social media. I probably talk with more people now than I did when I worked in an office.

 

Truth: It can be lonely to work from home, but there are ways to make it less lonely

If you do start feeling lonely when you work from home, I have a couple of suggestions to beat the lonely feeling.

You can start a Slack chat with those that you work with or hop on a video call. There are also meetups you can attend that relate to work or your hobbies. There are also lots of online groups, like Facebook groups or subreddits, where you can network with others in your field.

Working from home doesn’t have to feel lonely all of the time.

 

Myth: You will spend all of your time in pajamas

When I first started working from home, I spent a lot of time in my pajamas.

However, that’s not the case anymore.

Now that we live on a boat and have to walk the dogs regularly, I have to go outside often and I’d prefer if everyone around me didn’t have to see me in my pajamas all the time, haha.

 

Truth: It’s okay to work in your pajamas

Some people get completely dressed up for work every day, even though they work from home full-time. It helps get them in the mood for work, and I completely get that.

Some put on a nice top, but still wear athletic shorts or pajama pants.

You will have to find what works best for you.

But, if you want to work in your pajamas, do it. That’s one of the perks of working from home. Don’t let anyone make you feel bad about wearing pajamas if that’s what you want.

 

What are the pros and cons of working from home?

I am a big fan of working from home. You can probably tell that now, haha!

The reasons these myths about work from home jobs bother me is because I love what I do and I love helping other people realize that they can work from home too.

Being able to work from home is one of the best things I’ve been able to do. Some of the pros are:

  • It allows me to spend more time with my family
  • I can travel full-time
  • My schedule is flexible
  • I can make a great income from home, and more

Now, what are the negatives of working from home?

Some of the cons are:

  • It can be hard to separate your work and life
  • Some people may find it lonely
  • Some people in your life may struggle with the boundaries you set
  • It can be a big adjustment if you’ve never done it before

The reality is that there are pros and cons about any kind of job. The negatives don’t just apply to work from home jobs. It’s about finding what works for you.

 

Is working from home right for you?

After reading all of the above, you may be wondering how you can make working from home work for you.

Here are some of my tips:

  • Set working hours for yourself
  • Create a dedicated work area
  • Hire help if you need it
  • Cut out distractions
  • Socialize with others
  • Don’t run errands for others all day long
  • Take time off work when you are sick

I recommend reading My Best Working From Home Tips So You Can Succeed to learn more about how you can work from home most efficiently.

Even with talking about all of the myths above, there are still many benefits to working from home.

Being able to work from home is one of the best things I’ve been able to do, and I know many people who feel the same way.  I know it can be hard at times, but it’s all just the reality of working from home.

What common myths about work from home jobs have you heard?

The post 7 Myths About Work From Home Jobs & What It’s Really Like appeared first on Making Sense Of Cents.

Source: makingsenseofcents.com

How Microlearning Can Level Up Your Knowledge

If you’re looking to advance your career or pivot to a new industry, then you’re probably checking out ways you can beef up your resume. Maybe you’re considering an MBA, a bootcamp, or browsing upcoming conferences. Or perhaps you’re considering the DIY route and looking for podcast and book recommendations. 

While any of these options will help you learn and could boost your resume, the best way to level up your career prospects is to dedicate yourself to becoming a lifelong learner, which is where microlearning comes into play. 

Conferences and classes are bursting with information, but you may feel limited by the course schedule and teaching style. This works for some people, but it can be expensive and hard to fit into a budget or daily schedule. Microlearning can help you take charge of your education by providing bite-sized lessons. Over time, you can build up your learnings for a more thorough and robust understanding of the subject. 

The best part is you can apply your specific lessons to your life, career, and goals to build each of these out over time and see what really works and what doesn’t. Your consistent growth can improve job satisfaction and career opportunities, putting you in the spotlight for the next raise or promotion. Learn more below or jump to our infographic to get started.

What Is Microlearning?

Microlearning has become a popular workplace trend as a learning process that breaks topics into highly specific, concise lessons. This allows the learner to build understanding and confidence at their own pace.

Microlearning is great for tackling new information and closing knowledge gaps. If you already have a foundation of knowledge for a topic, then it can be frustrating to wade through the basics for the few new ideas you were looking for. Khan Academy and TED Talks are a great example of how you may fill in knowledge gaps. 

The Benefits of Microlearning

The most important part of any lesson plan is that it’s tailored to a learner’s needs, and that the learner is actually able to retain information. Microlearning’s flexibility for learners is one of its biggest benefits.

illustration highlighting the benefits of microlearning

Here are some other reasons to consider microlearning:

  • Maximize time by preparing lessons for on-the-go and fitting them in during breaks or commutes.
  • Go in-depth to build a solid learning foundation and improve retention with practice. 
  • Find what works by experimenting with videos, articles, or podcasts to find what format works best for you. 
  • Save money with free resources like TED Talks, YouTube, and expert podcast hosts who provide episodic insights and lessons for you to follow. 
  • Fill knowledge gaps with lessons targeting exactly what you need to know instead of wading through beginner resources. 

The Disadvantages of Microlearning

Microlearning is great for career development, employee training, and specific topics that you could use a refresher on. However, they’re not a total replacement for other learning systems, and you should keep these in mind when you get started:

  • It’s not immediate and microlearning is about regular commitments to learning.
  • It isn’t easier, but it may feel easier. This is actually a benefit unless you assume it will be easy. You still have to actively learn and practice your lessons. 
  • Some topics just don’t work, including complicated topics like global economics. It’s great for learning about things like mortgages, but you likely won’t become an expert on personal finance in just a few lessons. 
  • There’s work upfront to finding and compiling the resources that fit your needs and that you trust. This work pays off in the long-run, though, with easy-to-access lessons. 

5 Ways to Begin Microlearning

You may not realize it, but you’ve probably already prioritized microlearning in your day-to-day life. If you’ve watched a YouTube video to learn how to change your oil or customize a spreadsheet, then you know exactly how beneficial short, specific, and detailed lessons can be. 

89% of employees feel more productive when their work is gamified with rewards

Here are some ways you can get started using microlearning as part of your professional development:

1. Game Groups

Gamifying your learning helps make the topic fun and builds a positive relationship with studying. You can get started by setting goals and rewards, or inviting peers to join you with a competitive leaderboard or a trivia night. 

2. Video Clips

Videos are designed to be relatively short and engaging, and YouTube has made learning largely accessible from anywhere. While YouTube playlists are a great place to learn, make sure you’ve done your research on any channels or personalities you’re watching to ensure your lessons are accurate. 

3. Podcast Playlists

Like videos, podcasts are a great way to consume information on the go and from personalities you enjoy and trust. They’ve become hugely popular because they’re easy to listen to while driving, working, or exercising, but it’s important that you give your playlist your active attention if you hope to learn effectively. 

4. Quiz Collections

Considering a quiz may bring flashbacks of test anxiety and stressful finals weeks, but in this scenario, quizzing isn’t about checking a box that you learned something new. Instead, it’s a means to practice your memory recall and retention so you can count on it when you need it most. 

5. Team Talks

Having a team to study with is not only great for motivation, but it can also improve your lesson retention. Active learning is the process of working or chatting through a subject or problem, and studies show this is the best way to learn and practice your skills. 

Keeping up with your professional development is the best way to impress your employer and expand your job prospects. Whether you want to climb the career ladder or ease your daily workload, How Microlearning Can Level Up Your Knowledge appeared first on MintLife Blog.

Source: mint.intuit.com

13 Cold Weather Tips and Tricks

Indoors

Take vanilla out of the kitchen

When it’s too cold to open the windows, freshen your whole house fast by placing a few drops of vanilla extract on your furnace’s filter. Your house’s heating system will do the rest of the work for you. To scent one particular area, take a small jar and place several cotton balls inside. Dab a few drops of vanilla extract onto the cotton balls. Before putting the cover on the jar, use a nail to puncture a few holes into it for your very own vanilla air freshener.

Make it spicy

To easily deodorize your kitchen, put a cinnamon stick and other favorite spices (such as cloves or ginger) in a mug of water, and microwave it for 2 minutes. Remove the mug and set it on the counter so that the aroma can fill the kitchen. This trick is great for winter, when the scent of the spices will create a warm, cozy atmosphere.

Seal the door

Have a sliding glass door that’s rarely used during the winter? Seal it with duct tape to keep cold air from coming in.

SEE ALSO:  Domestic CEO's How to Make Your Home (and Everything in it) Smell Good

Outdoors

Winterize deck furniture

To keep your metal deck furniture free from rust and wear all winter long, reach for the petroleum jelly Just apply a thin layer (especially in areas where the furniture tends to rust) after cleaning the surface with simple soap and water.

Ease painful pads on pets

Many dogs love to play outside in the snow, but their paws can cause them pain if ice starts to build up between their pads. Before heading out for a winter walk, rub some petroleum jelly between each pad. The ice will stay away and your dog can enjoy the outdoors! If your poor pet’s pads are already cracked or dry, gently rub a little petroleum jelly into her pads while she’s sleeping.

Petroleum jelly is completely safe if your pet decides she wants to lick it off later.

Spray on a little D-fense.

Spray WD-40 in the lining of car doors. Doing this once in the beginning of the winter should keep your doors opening easily.

Baby powder to the rescue

Use baby powder or baking soda to absorb the moisture that collects on the rubber seal lining of your car door. Just wipe the weather strip with a dry cloth before sprinkling on the powder. Repeat every few days in the dead of winter to make sure you can always get into your car.

RELATED: Who Knew's 7 Car Hacks for Winter Weather

Easy undercarriage cleaning

Don’t forget to clean under your car, especially if you live in an area where salt and ice assault in winter.

A trick for these hard-to-reach areas: Run a lawn sprinkler underneath the car and drive back and forth.

Block the lock

To keep your car’s door locks safe from ice during the cold winter months, place a refrigerator magnet over the lock. You can even take an old magnet (last year’s calendar from a local realtor, perhaps) and cut it into pieces that fit perfectly.

Personal Care

Brush to better lips

For lips that need a little extra TLC, especially in the winter, try this effective scrub. Mix together 2 teaspoons baking soda with enough lemon juice to make a paste. Gently scrub the mixture over your lips with a dry toothbrush for a minute or two, then rinse, and apply some petroleum jelly or your favorite lip balm.

Go crazy for cranberry

For a seasonal solution to chapped winter lips—and a great DIY gift idea for the holidays—try this cranberry lip balm! In a microwave-safe bowl, mix together 1 tablespoon avocado or almond oil, 10 fresh cranberries, 1 teaspoon honey, and 1 drop vitamin E oil (from a capsule). Microwave on high until the mixture begins to boil. Remove carefully as the bowl may be hot. Mash the berries with a fork and stir well to combine. After the mixture has cooled for 10 minutes, strain it into a small portable tin, making sure to remove all of the fruit pieces. Cool completely. You’ve made your own great-smelling lip balm!

Sweater cryogenics

If your favorite cashmere or angora sweater is looking a little worn, put it in a plastic bag and place it in the freezer for half an hour. The cold causes the fibers to expand, making your sweater look new again! Who knew there was such a thing as sweater cryogenics?

JUST FOR FUN: Savvy Psychologist's How to Harness Light to Defeat Winter Blues

Your warmest boots

Make your winter boots a little warmer—and make sure they’re completely waterproof—by lining the bottom of the insides with duct tape. The tape will create a waterproof seal, and the shiny silver will reflect your body heat back onto your feet.

Source: quickanddirtytips.com

How to Pay Off Debt – Fast!

The post How to Pay Off Debt – Fast! appeared first on Penny Pinchin' Mom.

Americans are in debt.  It’s one of the main reasons couples fight and a leading cause of stress.  Fortunately, there is a way you can get out of debt.

tricks to getting out of debt fast

Anything worth having in life takes hard work and dedication.  And, the sense of accomplishment and joy when you can tackle what seems to be the impossible, is a great feeling.

The same is with your debt.  Paying it off is NOT easy.  It is going to take a lot of time, but it is so well worth it!

Of course, before you can start to pay off debts, you need to follow the right steps.  It is imperative that you’ve already done the following before you start working on paying off those debts you have.  These include:

  1. Preparing your Net Worth and Debt Paydown Forms
  2. Understanding your Money Attitude
  3. Creating Your Budget
  4. Learning How to Use a Cash Budget (Envelope System)
  5. Setting up Your Emergency Fund

Once you’ve tackled these steps, then you get to start the fun part, which is paying off your debts! If you haven’t, you will want to take the time to read each post and follow the steps.  You really should not try to get out of debt until these steps are done.

 

HOW TO GET OUT OF DEBT FAST

It is fun to watch your debts slowly disappear!   However, it is important that you are ready.  If you are ready, then read on!

KNOW HOW MUCH DEBT YOU HAVE

You need to make sure you know exactly how much you owe and to whom.  I recommend completing a debt pay down form.

This form should list all of the debts you owe, listed from the lowest balances to the highest, as well as your minimum monthly payment.

 

Debt Payoff Forms Bundle

To begin, review your budget.  Hopefully, you were able to find some “extra” money.  By extra money, it means money you have left over after meeting your needs.   When you can free this up in your budget, it is what you will pay towards your debt.

For example, if you were able to lower your grocery bill from $800 to $650 a month, that means you now have $150 to apply to your debt.  My husband and I did this, and it made a HUGE difference.  We did everything we could to reduce our grocery budget from using coupons to menu planning and changing the foods we ate.

Because getting our debt paid off was so important, we eliminated dining out from our budget. For us, it was important to sacrifice in the short term to get ourselves out from underneath our debt.

When you find this extra money, you apply that to your debt. Start by paying any additional money towards the debt on which you owe the least.  Here is an example:

Citibank – $500 owed — minimum payment $10
Visa – $875 owed — minimum payment $15
Ford — $10,475 owed — required monthly payment $375

If you find that you have $25 left over in your budget, apply that towards the lowest debt.  Your form will look something like this now:

Citibank – $500 owed — minimum payment $10 monthly payment $35
Visa – $875 owed — minimum payment $15
Ford — $10,475 owed — required monthly payment $375

Continue to make the payments to these debts as listed.  Then, when Citibank it paid off, you will roll the $35 payment into the Visa payment, like this:

Visa – $875 owed — minimum payment $15 monthly payment $50
Ford — $10,475 owed — required monthly payment $375

Continue this same process.  And, as there is more money freed up in your budget, apply it towards this debt.  Once you start seeing the balances decrease, you will be more motivated to cut your spending and slash your debt.

That is what happened to us.  We were so excited to see those balances decrease that we kept finding more ways to not only reduce our monthly spending but to find more money!

 

HOW TO PAY OFF YOUR DEBTS MORE QUICKLY

Of course, the first step to paying off debts is to find money in your budget to apply towards them.  It can also be beneficial to use larger amounts of cash towards your debts, or even find ways to free up even more money.  Here are some things you might try:

  • Sell items on Craiglist, eBay or other methods.  If you have extra things lying around the house, you may wish to sell them and raise some money and then turn around and make a nice big payment on that smallest debt.
  • Get another job.  If you can swing it, pick up a part-time job and apply all of your earnings towards your debt.  You can try your hand as an Uber driver or even a freelance proofreader.  You can find more ideas on how you can make money from home.
  • Reduce savings and pay down debts.  If you happen to have MORE than $1,000 in the bank currently, but still have debts, you should take any amounts above $1,000 and pay down your debts BEFORE you are saving.  The reason is why are you saving money for yourself and paying more in interest to someone else than you are making yourself?

Get creative!  There are many ways you can find extra money in your budget.  One of these 50 ways to make money to pay off your debt might be the perfect solution for you!

 

HOW TO USE YOUR TAX REFUND

So, what about that nice big tax return that might be coming your way?  Experts say that you should use the rule of thirds:

1/3 towards the past — use to pay off debts
1/3 towards the present — have some fun
1/3 towards the future — savings

If you genuinely want to get out of debt, I would recommend you do the following:  Make sure that you have at least $1,000 in the bank, so your Emergency Fund is funded.  Then, apply any leftover tax refund towards your debt.

We would all love to blow our return on something fun, such as a new TV or vacation.  But, you have to decide if you want that instant gratification (which may turn to guilt) or if you want to get yourself out of debt.  While I can only recommend that you work on the debt first, this is a question only you can answer.

 

WHY NOT CONSIDER INTEREST RATES?

I hear this over and over again “You should pay off the highest interest rate debt first!”  I do not agree with this, and the reason is this – behavior.

Most people need to see that they are reaching goals.  We need to see the fruits of our labor.  By paying off the smallest balance first, it gives you a sense of accomplishment.

You see what you are doing is actually working and you keep working to pay down other debts.  That gives the motivation to keep on as you can see that you are paying off debts and can do this!  GO YOU!!!!

If you work on only the balance with the highest interest rate first, it may take longer actually to pay it down.  Because the rate is higher, it may take longer to tackle the principal balance, since most of your payment always goes towards interest.  This can result in more frustration and you wanting to quit as you feel you are getting nowhere.

Look at it this way; if you were not trying to get out of debt, you would still increase debt due to interest rates, right?  So, if you can do something that gets you on track to start to pay them down one at a time, you are already making a difference in how you look at your debts.

Of course, if you feel better about listing via interest rate, that is what you need to do.  There is not a right or wrong way to pay off your debts.  Just keep in mind that if you find yourself frustrated with progress, you might try to change it around and tackle that lowest balance first.  It just might make the difference for you.

CLOSING THOUGHTS

Getting out of debt is not easy. I’ve been there and know how difficult and challenging it can be.  However, having the tools you need to make it happen is key to your success.

Read our Financial Reboot Book or take the Financial Reboot course to learn even more about not only getting out of debt but how to better manage your money.

 

get out of debt

The post How to Pay Off Debt – Fast! appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com

A Parent’s Guide to Setting a Successful Budget for a College Student

The post A Parent’s Guide to Setting a Successful Budget for a College Student appeared first on Penny Pinchin' Mom.

 You are getting ready to send your child off to college. Before you start helping them pack their belongings, there is one thing you need to do.

You need to help them create a budget. You need to teach them how to manage their money so they can learn the tools they’ll use long after they graduate.

WHY DO COLLEGE STUDENTS NEED A BUDGET?

The truth is everyone needs a budget. It does not matter your age. If you are dealing with money, a budget is necessary.

  1. Allows you to control your money. Rather than your money telling you what it wants to do, you get to tell your money where it needs to go. You are always in control when you have a budget.
  2. It teaches financial skills. A budget helps ensure that expenses such as rent, tuition, food, insurance, transportation, and housing are paid – before spending money on the fun stuff. (It also helps to make sure you don’t spend more than you make.)
  3. Makes you aware of where your money goes. When you use a budget, you see how you spend. It is very simple to see if too much is going toward dining out when you should be building your savings.
  4. Helps you track your goals. You need to cover expenses but you should also work on building savings at the same time. Your budget allows you to not only see those goals but track them in real time.

DOESN’T A BUDGET MEAN YOU CAN’T HAVE FUN?

Not at all! If anything, your budget will allow you to have guilt-free fun.

For example, the budget may allow you to spend $50 a week dining out. That means you can go to dinner with friends once (possibly twice) a week and enjoy yourself. You won’t be left wondering how you are now going to make rent.

WHAT TYPE OF BUDGET SHOULD YOUR STUDENT USE?

There are various methods of budgeting such as the 50/30/20 and the zero-based budget. For most college students, the zero-based is the simplest and easiest to follow.

The reason is that you track everything. You give every penny a job. That means if you earn $1,500 for the month that you “spend” the entire $1,500.

You will first cover the needs (food, shelter, transportation) and then your wants. If there is money “leftover” after this is done, it can be added to your savings.

You can use other types but if you have never budgeted before, using this method is the simplest.

WHAT SHOULD A COLLEGE STUDENT INCLUDE IN A BUDGET?

The budget will vary for each person, as the income and expense will be different. However, these are the most common categories that need to be included in a budget:

  • Rent
  • Renter’s insurance
  • Car payment
  • Car insurance (also saving for annual renewal fees)
  • Food
  • Clothes
  • Utilities (phone, electricity, gas, water, etc.)
  • Tuition
  • Fees
  • Entertainment (movies, games, concerts)
  • Dining out
  • Emergency fund savings

Again, you may have items that are not included above or see some that you do not need.

However, the most important thing of all is that every penny is given a job. Account for everything you will spend each month so you never have too much month and not enough money.

HOW DO YOU KEEP TRACK OF YOUR BUDGET?

For most college students, apps or digital trackers are the best options.  But, before you rush and sign up, keep the following in mind.

  1. Cost. Many apps are free and they will work perfectly fine. Other apps have a monthly fee attached to them. If you plan to use one of them, make sure you include that as one of your regular expenses. However, do not let the cost alone be a single factor when it comes to clicking the sign-up button.
  2. Security. Your security trumps all else. You need to make sure the app uses encryption as well as two-factor authorization.

Some of the best apps include:

  • Mint
  • You Need a Budget (YNAB)
  • PocketGuard
  • Mvelopes

However, your student may also like the traditional paper and pencil method – and that is OK as well.

Find the right one that works best for your student. That is all that matters.

TEACHING THEM TO BUDGET

Knowing you need a budget and where to track it is just the beginning. You need to teach your child how to budget.

Start by looking at each category that they need on their budget. You may already know the cost for each category but if not, you may need to make phone calls or do research to know.

For example, you know the rent for the apartment is $850 a month but how much are the average utilities? Ask the manager for these costs so you can include them in the budget.

Next, decide how much they want to allow themselves to spend on food. Show them how much a meal costs for a single person at each restaurant you eat at so they can create an average.

You will then have them decide how much “fun money” they want to include as well. You can base this on them wanting to go to the movies two times a month, one concert a month, or attending three events.

Now you can see the expenses for your student. Add their income to the budget and deduct the expenses. They will see if they are operating in the black (money left over) or in the red (spending more than they make).

Show them how to adjust the numbers by increasing their savings or lowering the amount they can spend on clothes – until the budget equals zero. Zero meaning they are spending every penny they earn.

And making them keep track now will help ensure they stay on track well into the future.

 

 

 

The post A Parent’s Guide to Setting a Successful Budget for a College Student appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com

10 Things to Know About Living in Philadelphia

Wedged between New York and D.C., Philadelphia has long been one of America’s most overlooked and underrated cities. The Birthplace of America, Philly is the nation’s sixth-largest city and one of its top cultural, culinary, employment, sports, music and education destinations. It’s a fresh, cosmopolitan city, and living in Philadelphia means you have nearly anything you could imagine to do, eat, visit, see and cheer for.

Philadelphia is a unique and diverse city, much more than the Liberty Bell, cheesesteaks and Rocky. It’s an inviting, connected community compromised of nearly 100 distinct neighborhoods from the gleaming skyscrapers of Center City to the rowhouses of South Philly to the rolling estates of Chestnut Hill. Whether you’re packing up for your move to Philly or just considering a relocation to the City of Brotherly Love and Sisterly Affection, there are many wonderful things you need to know about living in Philadelphia.

1. Philly has a great climate if you like having four seasons

No matter which season you enjoy frolicking in, Philly is the perfect climate to experience all four seasons. Philadelphia is a temperate Mid-Atlantic city with the best of all worlds, just 50 miles from the Jersey shore and 70 from the Pocono Mountains.

Summers in Philly can be hot and muggy at the peak of the season, with average highs just under 90 during July. Winters are cold but not bitterly, with daily temps during the holiday season straddling the freezing line. Rain can be expected a quarter-to-third of the days each month, with about 20 inches of snow each winter.

septa train philadelphia

2. Commuting is relatively easy by car or public transit

Philly commuting is convenient compared to most of its Northeast Corridor counterparts. The average one-way work travel time is just more than half an hour, with more than 20 percent using public transportation.

For automotive commuters, Philly’s transportation network couldn’t be simpler. Interstate 95 lines the eastern edge of the city, the I-76 Schuylkill Expressway divides West Philly from the rest of Philly and I-676 (Vine Street Expressway) and US Route 1 (Roosevelt Boulevard/Expressway) run east/west through the city. Broad Street, America’s longest straight boulevard, forms Philly’s north/south backbone.

SEPTA operates a convenient public transit system, which includes a number of commuting modes. This includes the Broad Street Line subway and Market-Frankford elevated train, which travels north/south and east/west, respectively, 131 bus lines and eight light rail and trolley routes.

3. You have to learn how to talk Philly to live here

Every city in America has its own dialect quirks, but Philly has a language all its own every newcomer must eventually absorb. From your first “yo,” you’ll quickly learn every jawn (which can literally mean any person, place or thing).

“Jeet?” is what you’ll be asked if someone wants to know if you’ve eaten yet. They may want to share a hoagie (don’t ever say “sub”), grab pasta with gravy (tomato sauce) or a cheesesteak “whiz wit” (covered in melted cheese and fried onions). Wash it down with some wooder (what comes out of the sink) or a lager (ask for that and you’ll get a Yuengling beer).

Where are you going to go? Maybe “down the shore” to the Jersey beaches, out to Delco (Delaware County) or to Center City (never call it “downtown”) on the El (the elevated train). That’s where yiz (plural “you”) are headed.

And everyone loves talking about the “Iggles” (or “the Birds,”) the championship football team.

4. Philly is the City of Museums

More than any city in America, history lies down every street, many of which the Founding Fathers once walked. Independence National Historical Park, the most historic square mile in the nation, includes important sites like Independence Hall, Liberty Bell, City Tavern, Christ Church, Franklin Court and more.

Nearby in Old City are the National Constitution Center, Museum of the American Revolution, Betsy Ross House, the first U.S. Mint, Elfreth’s Alley and National Museum of American Jewish History.

But Philly offers so much more, including world-class museums dedicated to art, culture, science and education. In the Parkway Museum District, must-visit attractions include the Philadelphia Museum of Art (and the Rocky steps), Franklin Institute Science Museum, Barnes Foundation and Rodin Museum.

Elsewhere around the city are amazing spots, including the Mummers Museum, Academy of Natural Sciences, Magic Gardens urban mosaic, Mütter Museum of medical oddities, Eastern State Penitentiary and even the Museum of Pizza Culture.

Philly cheesesteak

Photo courtesy of Michael Hochman

5. Philly cuisine is much more than cheesesteaks

Sure, everyone loves cheesesteaks and every Philadelphian has their favorite steak joint. But Philly also claims a slew of other iconic dishes.

Hoagies are a party staple, but many swear by the roast pork sandwich, with provolone and sautéed broccoli rabe, as the city’s signature sandwich. Philadelphians eat 12 times as many pretzels as the average American and you’ll find soft pretzels in the Philly figure-eight style on every corner.

Breakfasts wouldn’t be Philly without scrapple or pork roll, two pan-fried pork-based dishes. And dinner can include tomato pie (cheeseless rectangle pizza on focaccia served at room temperature), Old Bay-flavored crinkle-cut crab fries or snapper soup, which is exactly what you think it is.

For dessert, grab a “wooder ice” (kind of like Italian ice but not) or a Tastykake (more of a lifestyle than a snack food line).

And Philadelphia isn’t just for casual eats — some of America’s greatest restaurants live here. Israeli spot Zahav was named Best Restaurant in the country, and Pizzeria Beddia the Best Pizza in America. Other award-winning spots abound, including South Philly Barbacoa, vegetarian destination Vedge and 20 restaurants citywide from decorated chef Stephen Starr.

But all cross-sections of Philadelphians can agree on one thing — everyone loves Wawa, more of a culture than a convenience store, with more than 40 locations throughout the city.

6. Philly is the best music city on the East Coast

There would be no American music without Philadelphia. The city is home to one of the nation’s greatest music histories as the birthplace of Philadelphia soul, American Bandstand, Gamble & Huff and “Rock Around The Clock.” Artists hailing from Philly span the spectrum from Hall & Oates, Chubby Checker, Patty LaBelle, Boyz II Men and Will Smith to The Roots, Meek Mill, Diplo, Dr. Dog, War On Drugs, Kurt Vile, Dead Milkmen and Joan Jett.

Philly is also one of the best cities in America to see and hear live music, with a slew of iconic music venues of every size. Music pours nightly out of legendary clubs, such as Milkboy, Johnny Brenda’s, Boot & Saddle and Kung Fu Necktie, concert halls like The Fillmore, Union Transfer, Theater of Living Arts and Tower Theater and outdoor amphitheaters with stunning vistas BB&T Pavilion and Mann Center.

7. Philly is one of America’s great college towns

Philadelphia is one giant college town. There are more than 340,000 college students living in Philly spread across nearly two dozen four-year campuses. Thanks to college sports, Philly’s top five major universities (that make up the Big Five) are nationally known and include Temple, St. Joseph’s, La Salle, the University of Pennsylvania and Villanova (which actually sits outside the city).

University City in West Philly is home to Penn, as well as Drexel and the University of the Sciences. And scattered elsewhere around the city are historically-black Lincoln University, Chestnut Hill College, Thomas Jefferson University (on two campuses), Pierce College and Holy Family.

There are also a number of creative and performing arts schools in Philadelphia, including the University of the Arts, Art Institute of Philadelphia, Pennsylvania Academy of the Fine Arts and Curtis Institute of Music.

Phillies

Photo courtesy of Michael Hochman

8. Sports are life in Philly even if we like to boo

You may have heard. In Philadelphia, we love sports. Unlike cities like New York or L.A., Philly has just one team in each of the major sports, so every fan is on the same page. Except for college basketball where the city is divided among a half-dozen Division I programs.

Philadelphians bleed team colors and everyone from every walk of life pays attention. Often, the city’s collective mood is based on yesterday’s result. So, if you want to walk into nearly any conversation in Philly, be sure to know the Birds’ playoff chances or who your favorite Flyer is. But Philly fans don’t take lack of hustle or effort lightly, and a subpar performance will bring out the notorious boo-birds.

9. The cost of living in Philly is pretty good

As the sixth-largest city in the nation and keystone of the Northeast Corridor, you’d expect Philly to be expensive. Actually, it’s pretty average. The overall cost of living in Philadelphia (as of Q1 2020) is just 110 percent of the national composite. Compare that to its neighbors like New York (246 percent), D.C. (160 percent) and Boston (148 percent). In fact, Philadelphia’s cost of living is cheaper than many major cities like Denver, New Orleans, Miami, San Diego and Baltimore.

The same goes for housing, as well. Philadelphia is only 13 percent over the national index average for housing costs, much more affordable than other East Coast cities and metropolises around the country like Phoenix, Dallas and Portland. For renters, an average Philly one-bedroom leases for just $2,127 a month (compared to the national average of $1,621), just a pleasantly-surprising 17th most-expensive in the nation, cheaper than Sacramento, Boston, Seattle or Oakland.

10. Philadelphia is one of the great American cities

Philadelphia is a beautiful, friendly, progressive city for anyone moving here or just thinking about it. It’s a hub for technology and finance and home to a dozen Fortune 500 corporations.

It’s a retail center with high-end city malls, vintage and boutique shopping corridors and Jewelers’ Row, the oldest diamond district in the nation. It’s a haven for those seeking outdoor adventure, including massive Wissahickon Valley and Fairmount Parks. And a destination for family fun at spots like the Please Touch Museum and America’s oldest zoo. It’s even one of America’s most walkable cities.

Living in Philadelphia

Philly is a great place for lovers of music, beer, history, shopping, sports, theater, coffee, biking, art, dining and more. Whatever your passion, you’ll find it living in Philadelphia.

And with a head start on what’s listed here, you’ll be welcomed with open arms and find out quickly why we’re known as The City that Loves You Back.

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments. Data was pulled in October 2020 and goes back for one year. We use a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
Population and income numbers are from the U.S. Census Bureau. Cost of living data comes from the Council for Community and Economic Research.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Header image courtesy of Michael Hochman.

The post 10 Things to Know About Living in Philadelphia appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com