Breaking News, Cash Back

Activate Chase Freedom cash back categories for Q1 2021 now

Chase has announced the 5% cash back categories on the Chase Freedom Flex℠ and the retired Freedom card for the first quarter of 2021.

From Jan. 1 through March. 31, 2021, Freedom and Freedom Flex cardholders can earn 5% cash back on select streaming services, internet, cable and phone services and wholesale club purchases (up to $1,500 in combined purchases) after activation.

Besides that, the new Flex card offers 5% cash back on travel booked through the Chase Ultimate Rewards portal, 3% on dining and drugstore purchases and 1% on everything else. All other purchases earn 1% cash back.

See related: Chase to launch new Freedom Flex card, add new categories to Freedom Unlimited

Activation for first-quarter categories on both the Freedom and Freedom Flex launched on Dec. 15, 2020, and will be open until March 14, 2021.

Here’s what you need to know at a glance:

  • Activation of first-quarter bonus categories begins on Dec. 15 for both the Chase Freedom and Chase Freedom Flex.
  • Cardholders must activate by March 14 to earn the bonus rate.
  • From Jan. 1 to March 31, Freedom and Freedom Flex cardholders can earn 5% cash back on eligible streaming services, internet, cable and phone services and wholesale club purchases.
  • The 5% cash back bonus is capped at $1,500 in combined purchases per quarter.
  • As of Jan. 12, 2020, Chase Freedom cardholders earn 5% cash back on Lyft rides through March 2022.

Chase 5% cash back calendar 2021

Winter Spring Summer Holiday
January – March

(Activation closes on March 14)

April – June

(Activation closed)

July – September

(Activation closed)

October – December

(Activation closed)

  • Select streaming services
  • Phone, cable and internet services
  • Wholesale clubs

TBA

TBA

TBA

Chase only releases its quarterly bonus categories one quarter at a time, so we can’t yet predict what will be offered in the rest of the quarters in 2021. Here’s a quick look at some of the categories Chase has offered in the last year.

Chase 5% cash back calendar 2020

Winter Spring Summer Holiday
January – March April – June July – September October – December
  • Select streaming services
  • Gas stations
  • Phone, cable and internet services
  • Gym memberships
  • Fitness clubs
  • Grocery stores
  • Select streaming services
  • Amazon
  • Whole Foods Market
  • Walmart
  • PayPal

What is included and excluded in the ‘Select streaming services’ category?

In this category, you can earn 5% cash back on select streaming services, including music and video streaming.  The eligible services include Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify and YouTube TV.

What is included and excluded in the ‘Phone, cable and internet services’ category?

You can earn cash back on your monthly bills, such as your cable, internet and phone services. To earn 5% cash back in the category, make sure to pay these bills with your Freedom or Freedom Flex card.

Equipment purchases don’t qualify in this category. You may also not receive the bonus cash back if you pay for your phone, cable or internet service at a merchant’s store that’s not classified in the applicable services category.

What is included and excluded in the ‘Wholesale clubs’ category?

In this category, you can get 5% back when you’re shopping at wholesale clubs, including Sam’s and BJ’s. You can also use your Chase Freedom (no longer available for new applications) to earn bonus cash back at Costco. Since Costco only accepts Visa cards, the new Freedom Flex, which is a Mastercard, won’t be accepted. Mastercards are, however, accepted on Costco.com.

See related: Best credit cards for Costco purchases

earn 5% cash back on up to $1,500 in combined spending in rotating categories each quarter, upon enrollment, then 1%.

Chase vs. Discover cash back categories 2021

Chase Freedom Flex℠

Discover it® Cash Back

January – March Select streaming services, phone, cable and internet services, wholesale clubs Grocery stores, Walgreens and CVS
April – June TBA Gas stations, Uber, Lyft and wholesale clubs
July – September TBA Restaurants and PayPal
October – December TBA Amazon.com, Target.com and Walmart.com

Which card offers the best deal?

The best card for you depends on where you plan to spend your money in the first quarter of 2021.

Discover it® Cash Back offers bonus cash back at grocery stores at the beginning of the year. Since groceries are regular expenses that can get rather high, especially if you’re grocery shopping for a family, this category can be pretty lucrative.

At the same time, if you have a wholesale club membership, it can be very easy for you to meet the spending cap in this category with your Chase card. This can make up for the other two underwhelming categories.

For the rest of 2021, we can’t predict which card will be best for you, as while Discover has announced its categories for the next year, Chase only releases bonus categories one quarter at a time.

Source: creditcards.com

Apartment Hunting

Prepare Yourself for the Future of Work

The future of work has been on our collective minds for some time.

Technically, you never arrive in the future. It’s always, by definition, ahead of you. Yet months into a global pandemic that has triggered major changes to how we work, many experts are saying the future of work is hurtling towards us.

I sat down with Vice President of People and Communities at Cisco Systems, Elaine Mason. Elaine is a well-read deep thinker on the subject of the future of work, and I invited her to share her own research-based reflections on the changes we’ve seen so far, and what may still be to come.

And no matter what your job, career stage, or aspiration, Elaine shared plenty of tangible advice you can put to work today to prepare for your future professional success.

We focused our conversation on four trends that have been particularly relevant in 2020. These were:

  1. The remote workforce
  2. Diversity and Inclusion as part of corporate strategy
  3. Movement in the gig economy
  4. Shifts in corporate structure and hierarchy

The future of work and the remote workforce

Remote work could be here to stay

As I write this piece in my dining room—while my kids homeschool in their bedrooms—I’m aware that working virtually has become the norm for many across the globe.

Prior to the pandemic, company philosophies on remote work were all over the map. Some organizations have worked virtually for years. Many others resisted the trend.

The world of work has probably fundamentally changed.

But as Elaine describes the current state of virtual work, “With the rare exceptions of lab work, manufacturing, healthcare, [and other frontline professions] the majority of us are now [commuting]… seven feet from our beds to our offices.”

“The world of work has probably fundamentally changed,” she says.

Companies that had previously been cynical of virtual work have been forced to acknowledge that things are getting done. In many cases, executives report higher levels of productivity than ever.

But Elaine warns that studies on productivity are not yet conclusive. Some show productivity is up. Others, however, contend that work time is up, but actual productivity is down. The jury remains out.

So what’s next in the world of virtual work and productivity?

The purpose of the traditional office will evolve

Elaine predicts that virtual work is here to stay … sort of. The way we use the traditional office will likely shift.

"Workspaces will be used more like community service centers," she said. "What you're [likely] to see is those large campuses for a lot of organizations… will probably shrink, and the use of that space will be more event-based or point-in-time-based."

Workspaces will be used more like community service centers … and the use of that space will be more event-based or point-in-time-based.

In other words, there will be an office to go to, but it won’t necessarily be everyone’s default. You’ll go if and when a project or occasion calls for an in-person working session.

The good news? “If you're a new Yorker,” she offers, “that's been dying to live in Wyoming, this [may be] your chance.”

The concept of productivity will evolve

As Elaine points out, the measurement of virtual productivity is messy. Many companies measure by the amount of time employees spend on screens. By that measure, productivity is going up. But so is burnout.

Wearable technologies (think augmented and virtual reality) will allow companies to better measure how employees engage with their work.

In the future, she explains, we will begin to see a shift toward wearable technologies (think augmented and virtual reality) that will allow companies to better measure how employees engage with their work beyond staring at screens.

We’ll see a more complex definition of productivity grounded in actual outcomes versus just minutes online.

HOW YOU CAN PREPARE

  • Rethink your geography. If you want to make a move, this may be your moment.
  • Consider your priorities. Let go of the mindset that busyness equals productiveness. What impact do you want to have, and what work do you need to prioritize in service of that?

The future of work and Diversity and Inclusion

While the pandemic has challenged companies to figure out remote work on the fly, social justice happenings have pushed Diversity and Inclusion to the forefront of corporate priorities.

Progressive organizations are weaving Diversity and Inclusion into the fabric of their business strategies.

Elain says, "Companies are focusing on the triple bottom line: People, Profit, Planet… putting social justice into how they operate.”

So what does this look like in practice?

According to Elaine, companies are moving away from having standalone diversity strategies and departments. Progressive organizations are weaving Diversity and Inclusion into the fabric of their business strategies.

Employee Resource Groups (ERG’s) are a great example of this trend. ERG’s are voluntary, employee-led groups within organizations that aim to foster a diverse, inclusive workplace. Each group typically includes participants who share a characteristic such as gender identification or ethnicity. 

Employee Resource Groups are no longer just there to serve participants—they are informing company investment decisions.

At Cisco, Elaine says, the executive leadership team has started meeting quarterly with ERG’s to understand their experiences and incorporate their ideas into business decisions. These ERG’s, in other words, are no longer just there to serve participants—they are informing company investment decisions.

ERG recommendations are helping to shape product development and positioning and marketing strategy, all of which contribute to top and bottom lines.

Organizations like Twitter are beginning to compensate ERG leaders—historically these have been volunteer roles—in recognition of their strategic value.

HOW YOU CAN PREPARE

  • Lean into diversity. Don’t just pay it lip service, but be proactive in engaging with a variety of voices and experiences.
  • Be humble. Know you’ll make mistakes along the way. “Listen. And assume you don’t know [things],” Elaine says.

The future of work and the gig economy

“Gig is having fits and starts,” Elaine said. She described the tension that many American workers face between desiring the independence of gig work but also relying on the healthcare and benefits provided by full-time employment.

Job insecurity will continue to push people to consider going out on their own, while the need for employer-provided health insurance will challenge that choice.

And she believes that tension will keep the gig economy in the US in fits-and-starts mode. Job insecurity will continue to push people to consider going out on their own, while the need for employer-provided health insurance will challenge that choice.

HOW YOU CAN PREPARE

  • Be incredibly clear about what you’re qualified to do. What do you want to do? Where those things overlap? “This requires a good degree of self-awareness and an understanding of what [you’re] known for today."
  • Decide where you need to invest. Are there experiences, credentials, references you need to accumulate? Do those things early.
  • Focus on standing out. If you do business strategy consulting, for example, is there a unique angle you can offer to help yourself stand out from other such consultants? Differentiation will matter more as the gig economy grows.

The future of work and shifts in corporate structure and hierarchy

Recent years have revealed a good deal of pendulum swinging when it comes to how much structure and hierarchy is best.

“There was a real trend in the last decade,” Elaine explained “of breaking down structures [and] silos.” She described how online shoe-retailer Zappos experimented with the Holocracy—a means of giving decision authority to groups and teams rather than individuals. (Spoiler: they’ve since moved away from this un-structure.)

Companies, in Elaine’s opinion, are working to determine the ideal balance of hierarchy and freedom. And the previous trends we discussed are having a big impact on that decision.

Everyone is trying to design for agility and resilience, two of today’s buzziest words.

So while some companies are leaning toward structure and hierarchy while others lean away, the common thread she sees is that everyone is trying to design for agility and resilience, two of today’s buzziest words.

There’s nothing like a global pandemic to remind a company that it needs to be ready for absolutely anything. As organizations assess how they’re organized, they’re asking questions like “How fast can we recover? What contingencies do we have in place? What plan Bs and plan Cs do we have?” 

Elaine doesn’t know exactly what structure the organization of the future will take on. But she does offer some actionable wisdom.

HOW YOU CAN PREPARE

  • Gain new skills. Whatever your role, function, or industry, upskill yourself on being ready for change at any moment
  • Think broadly about what “career progression” means for you. As companies evolve, titles and promotions may no longer be the thing to shoot for.

For Elaine, she measures her own progression through three lenses that you too might consider:

  • Economic. How much money do you want or need to make?
  • Impact. "How close are you to positions of power and authority that allow you to make the largest impact on an organization?"
  • Personal growth. Are you learning new things as you go?

And there you have it. No one, not even the great Elaine Mason, can predict the future. But there are some actions you can take that will be sure to serve you, no matter what the years ahead might look like.

Source: quickanddirtytips.com

Family Finance, Home Loans

Home Buyer’s Guide: How to Purchase a Property, From Start to Finish [Free Download]

Purchasing a home is both exciting and a major milestone in your life, so you’ll want to be prepared for what to expect to avoid a stressful process. Having an in-depth look at the buyer’s journey can help you make informed and confident decisions.

From finding a real estate agent, negotiating offers to getting your keys on closing day, we’ve outlined all the steps of a home buyer’s journey in our free Buyer’s Guide, which you can download here.

The Buyer’s Guide will cover the buyer’s timeline from meeting an agent to preparing for closing day. We’ve outlined the 8 steps in a home buyer’s journey below.

1. Working With An Agent

Every city is filled with thousands of agents, but not all are equal. We believe it is important to choose an agent that you feel confident with. Before you commit to working with an agent, make sure you have a good understanding of the knowledge and experience they offer. It’s important that you ask your questions before making the decision to work with them.

2. Financing Your Purchase

Before you set a budget and start looking for a home, you’ll have to understand what costs to expect when purchasing a home. Here are some of the major costs involved:

  • Deposits
  • Down payments
  • Mortgage insurance
  • Closing costs

You’ll also want to calculate a rough estimate of the down payment that you will be expected to pay. Depending on the price of your home, your minimum down payment can range from 5% to 20%. If you’re interested in learning more about how to finance your home, you can get our free Financing Your Purchase guide here.

3. Searching For A Home

An important part of searching for a home is understanding how the home will fit with your needs and your lifestyle. You’ll want to consider home ownership as well as different types of properties and features. 

Types of Home Ownership

  • Freehold Ownership
    • You purchase the home and directly own the lot of land it sits on
  • Condominium Ownership
    • For condos, you own specific parts of one building: titled ownership of your unit, along with shared ownership in the condo corporation that owns the common spaces and amenities
  • Co-Op Ownership
    • You own an exact portion of the building as a whole and also have exclusive use of your unit

Types of Properties

  • Detached houses
  • Semi-detached houses
  • Attached houses
  • Condos and apartments
  • Multi-unit

Tip: Depending on your budget and desired location, you may need to be flexible to find a home that meets your needs. By being willing to trade some features for others, you’ll have more options to choose from.

4. Negotiating An Offer

When you are making an offer to purchase a home, the purchase agreement should include the essential components listed below. Your agent can help put together an offer that is compelling, while safeguarding your interests and puts you in a competitive position to secure your new home.

You’ll also have the opportunity to choose the conditions that you’ll want in your offer. Some of these may include a home inspection or a status certificate review.

5. Financial Due Diligence

Whenever you make an offer on a house, you need to provide a deposit to secure the offer. The deposit is in the form of a certified cheque, bank draft, or wire transfer; it’s held in trust by the selling brokerage and is applied towards your down payment if your offer is successful.

There are two types of deposits:

  • Upon acceptance
    • The deposit is provided within 24 hours of the seller choosing your offer
  • Herewith
    • The deposit is provided when the offer is made

6. Property Due Diligence

To firm up a deal or educate yourself more on the state of the property, you’ll likely want to have a home inspection if you’re purchasing a house. If you’re purchasing a condo, then your lawyer will review the building’s status certificate.

Home Inspection

A home inspector will assess elements of the home such as the walls, windows, plumbing, heating and roof to judge the condition of the home. This process is non-invasive and is essential to help provide buyers with a good idea of the home’s current condition and the confidence of putting in an offer. 

Tip: The home inspector will provide a summary of suggested work along with a minimum budget estimate for the repairs needed. 

Status Certificates

If you’re purchasing a condominium, you’ll need to obtain a status certificate from the condo board or management for your lawyer’s review. This document will include valuable information about the condo’s budget, legal issues, reserve fund, maintenance fees and future fees increases – and the lawyer can help identify potential red flags

7. Preparing For Closing

Before the big day, you’ll want to keep a checklist of what to do ahead of time. Some of these include:

  • Review your contract
  • Complete a final walkthrough of the home
  • Purchase home insurance
  • Meet with your lawyer
  • Know how much cash you’ll need
  • Secure cash required for closing

8. Closing Day

Closing Day is when you’ll finally get the keys to your new home! In addition to bringing the cash required for closing, you’ll have to sign a few more documents which will include:

  • Mortgage loan
  • Title transfer
  • Statement of adjustments
  • Tax certificates

For the full details on the home buyer’s journey including examples, advice, pictures and sample calculations, download a copy of our free Buyer’s Guide here.

The post Home Buyer’s Guide: How to Purchase a Property, From Start to Finish [Free Download] appeared first on Zoocasa Blog.

Source: zoocasa.com

Uncategorized

The Ultimate List of More Than 50 Budget Categories You Must Use

The post The Ultimate List of More Than 50 Budget Categories You Must Use appeared first on Penny Pinchin' Mom.

It is no secret that you need a budget.  But, it is imperative that it includes everything.  Take the time to review your spending and don’t leave anything off of it.  Below you will find a list of household budget categories you need to include. Forgetting even one off might be a big mistake.

It is no secret that the number one thing you must do to take control of your finances is to create a budget.  Without one, you really can’t see where your money goes.  Or, more importantly, you don’t get to direct your money to be spent as you would like for it to be!

While there are posts on how to create a budget, one question I get frequently is, “What categories should I include in a budget?”   When you are new to making a budget, something such as a personal budget categories list can help.  I agree.

As you create yours for the first time, it is important you don’t leave off anything important. A successful budget is one that includes a line item for every way you spend your money.

If you are just learning about budgeting, you will want to check out our page — How to Budget.

There, you will learn everything you want to know about budgets and budgeting.

 

To help you get a jump start on with your budget, and to make sure you don’t leave off any categories, download our free budget template.  This form has helped thousands get started with creating a budget.

SIMPLE BUDGET CATEGORIES 

Once you have your form, you are ready to figure out your budget categories!  While you may not have each of these as individual line items on your form, just make sure you include them all somewhere in your budget!

 

DONATIONS OR CHARITY CATEGORIES

These are all of the monthly donations you make to various charities.  Don’t forget about those you may make only once or twice a year as well!

Church
Medical Research
Youth Groups

 

SAVINGS CATEGORIES

While not needed to live, it is crucial that you always pay yourself before you pay anyone else.  Once you meet your necessary expenses, ensure you are saving enough each month.

If you are in your employer’s retirement plan, you pay those before you get your paycheck, so you would not include them.  However, make sure you account for the different types of savings accounts you may have.

Emergency Fund Savings
Annual Fees, such as taxes, insurance, and dues
College Savings
Investments
Christmas/Birthdays/Anniversaries
Additional Retirement (outside of your employer’s plan)

Read More:  Yearly Savings Challenge

 

CATEGORIES FOR HOUSING

No one will forget to add housing to their budget.  But, make sure you include the amount you may save for repairs and other expenses. To figure out how much to budget, look over your prior year spending and divide that total by 12.  You will add this to your savings, but you can track it under your housing budget category.

First Mortgage
Second Mortgage (if applicable)
Property Taxes
Insurance
Home Owner’s Association Dues
Maintenance
Housekeeper/Cleaning
Lawn Care

 

PERSONAL BUDGET UTILITIES CATEGORIES

You can’t live without your water and electricity.  It is essential that you don’t leave any of these off of your budget either!  These are some of the basic budget categories most people will not intend to forget, but just might.

Electricity
Water
Gas/Oil
Sewer
Trash
Cable/Satellite/Streaming Services
Internet (if not part of your cable bill)
Phone

Read more:  How to Lower Your Utility Bills

 

FOOD

You have to eat. There are only two ways that happens  — you cook or you eat out. Make sure you include both of these categories in your budget.

Groceries
Dining Out

 

TRANSPORTATION CATEGORIES

You have to be able to get around.  That doesn’t always mean a vehicle as it could mean using other means of transportation.  Whatever method you use, make sure you include all of those expenses in your budget.

Remember that you may not have to pay for some of these items each month, but it is essential you budget for them monthly so that the funds are available when needed.

Vehicle payment (make sure you include all payments for all vehicles)
Fuel
Insurance
Taxes
Tags/Licensing
Maintenance
Parking Fees
Taxi/Bus Fares

 

CLOTHING

A line item many people leave off of their budget is clothing.  They forget that it is a necessary expense.  While this doesn’t mean you should go and buy new clothes all of the time, it does allow you to replace items which are worn out.

It is also essential that parents include this item as kids need clothes a bit more frequently.

Adult Clothing
Kids Clothing

 

CATEGORIES FOR HEALTH

Don’t forget your health expenses when determining a budget.  Make sure you include the money you pay towards your co-pays during the year.

Health Insurance
Dental Insurance
Eye Insurance
Doctor Visits
Dental Visits
Optometrist
Medications
Deductible Savings

 

PERSONAL ITEMS CATEGORIES

Personal is a “catch-all” category which may contain much of your discretionary spending!  Some of the most common types you need to include:

Haircuts/Manicures/Pedicures
Life Insurance
Child Care/Babysitting
Toiletries (if not included in your grocery budget above)
Household Items (if you did not already include in your groceries budget above)
Education/Tuition
Dry Cleaning/Laundry
School Dues/Supplies
Magazines
Gym Memberships
Organization Dues
Postage
Pet Care (food, grooming, shots, boarding)
Photos (school and family photos)
Random Spending (always useful as a way to pay for the things you may not have broken out in your budget)

 

RECREATION

We all love to spend some time doing things we love.  Don’t forget to include your entertainment category when determining your budget.

Entertainment (movies/concerts)
Crafts
Hobbies
Parties
Vacations

 

DEBTS

Once you pay off your debt, these will go away entirely and will no longer be needed.  You can learn how to get out of debt and get started with that (once you have your budget).

Credit Cards (all debt)
Unsecured loans
Home equity loans
Student loans
Medical loans

 

Now you have the categories you need for your budget!  Take the first step in getting control of your finances by putting this to work for you.

caclulator on desk to figure budget categories

The post The Ultimate List of More Than 50 Budget Categories You Must Use appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com

Uncategorized

7 Budget Friendly Tips for a Room Makeover

Sometimes the need to redecorate a room doesn’t line up with when the budget allows for a full makeover. In those times, it’s good to have a few budget friendly ideas to spruce up the space. These seven tips are things that can be done even when funds are tight.

1 – Rearrange or Swap with Other Rooms

The most budget friendly thing you can do when redecorating is to look for inspiration from the other rooms in your home. Often times, especially in larger homes, there are pieces of furniture and other décor that could be moved from one room to another to make a free update to the space. If you are thinking about updating your master bedroom, consider using pieces from your office, the living room, and even the outside patio. Taking a piece from another room can provide just the change you are craving in the space you want to update.

2 – Paint Furniture

If you found a piece of furniture in another room that can work based on the shape and size, but it doesn’t quite match, consider painting the furniture. This is also a great option for updating old wood furniture that you’ve had in the room for years, or even furniture that you just found at a thrift store or rummage sale. Changing the color of furniture with spray paint is a quick and easy way to give it an entirely new look in less than a day’s time.

When determining if a piece of furniture can be painted, look for pieces that have good structure and very few flaws to the shape. When you paint, gouges and scratches can become more pronounced, so if you find a few imperfections, fill them with wood filler and sand them smooth before painting. If you are painting metal furniture, make sure to sand off any rust spots to ensure the rust doesn’t spread after you complete the makeover.

3 – Paint the Walls

If you want to make a bigger impact in a space, consider investing in a can or two of paint. Many rooms can be completed with one can of paint, but for more drastic color changes (like from white walls to dark blue walls or vise versa), you may need two cans to allow for multiple coats to get the walls fully covered.

If you don’t want to paint the entire room, consider painting an accent wall to give it a pop of color. If you have more time than funds, you can invest a few hours, a quart of paint, and a roll of painters tape into making a design on a wall instead. You might add a single stripe, a chevron stripe, or some free-hand circles around the room. You can get creative with the accent designs to make the room as fun as you want it to be.


4 – Have a Plan

One of the biggest things you can do to keep a makeover project budget friendly is to have a plan and a little patience. Think about it like this: if your car dies and you need a new car, you are at the mercy of the people who are selling cars at that exact time. If you are able to plan ahead on the purchase of your new car, you have significantly more bargaining power because you don’t NEED to purchase it immediately. You can wait for a better price to come along.

The exact same thing is true when it comes to purchases for your home. If you are determined to buy things on a certain day, you are at the mercy of what’s available on that exact day in the shops you can get to. If you’re able to instead plan the project, decide what you are going to look for, and then purchase when you find the items at the right price, you are in a much better position to find bargain pieces.

5 – Keep Your Eyes Peeled

Once you have your budget makeover plan in place, keep your eyes open for the perfect pieces everywhere you possibly can. Tour your neighborhood on the weekends to see if any of the neighbors are selling the perfect pieces on rummage sales. Search Craigslist and online rummage sale sites to catch when the items you need pop up for sale. Walk through thrift stores on a weekly basis and keep your eyes peeled for the perfect used items. And don’t forget to watch the clearance racks at your favorite stores to see what goes on super sale. I personally love walking through Target on the days they mark down their home décor items. It feels like a treasure hunt to find just the right throw pillows or wall art to fit my plan. When the items are on clearance, it’s an even bigger success knowing that I didn’t spend even close to full price on the perfect pieces.

6 – Change Light Fixtures

If you are handy, or you have a friend who is familiar with electrical wiring, you may want to consider changing out the light fixtures in your home to quickly update the space. Having light fixtures that are decades old often means that they are in an outdated style or finish, which can make the entire space look out of date. By swapping them out with an eye catching light fixture that you found on sale or at a thrift store, you can make a big impact change in that one item. One of my favorite stores to check for items like light fixtures is the Habitat for Humanity ReStore. Many cities and towns that have a Habitat for Humanity program also have a Restore where they sell good quality home fixtures that have been removed from homes that were remodeled. It is a store where one man’s trash truly is another man’s treasure.

7 – Change Flooring

The final tip is definitely more hands-on, but can make a large impact in a room if you have just a little bit more money to spend and a weekend’s worth of time. Changing the flooring in a room can create a big change for not as much money as you are probably imagining.

Laminate flooring has come a long way in the last 5 years, and you can now buy a variety of great looking laminate flooring for less than $1/square foot. This lightweight, easy to install flooring can be printed with images of wood, stone, or other designs to give your room a totally new feel. Considering most bedrooms in homes are close to 12’ x 12’, that means you could change the flooring in a room for under $150.

If that is outside your budget, you still have options. Consider getting a large area rug to anchor the room. These are typically available at stores like Ross and Home Goods for $50 or less. Not only can they add a pop of color to your floor, but you can move them into new rooms if you ever feel like rearranging in the future.

Having a strict budget shouldn’t keep you from having a space that you love. For under $200 there are a number of quick changes you can make to your home. Mix and match a few ideas and you’ll be surprised at how quickly a little time and a few dollars can change the feel of your home.

Until next time, I’m the Domestic CEO, helping you love your home.

Source: quickanddirtytips.com

Breaking News, Business & Office Copier

Average credit card interest rates: Week of January 13, 2021

The average credit card interest rate is 16.05%.

The average minimum credit card APR held firm Wednesday after lenders declined to revise rates on new offers for another week. As a result, borrowers in the market for a new card continued to enjoy starting APRs that are more than a full point lower on average than they were a year ago.

Cardholders with excellent credit are enjoying some of the sharpest rate savings this year. For example, lenders have clipped APRs on some of the most popular rewards cards by at least a point and a half in the past year. For example, the Discover it® Cash Back card currently starts APRs at 11.99%, which is well below the minimum APR most low rates advertise. A year ago, by contrast, it advertised a minimum APR of 13.49%.

Some of the most striking rate decreases have occurred on travel cards, which had surged to record high rates in 2019. For example:

  • In January 2020, the Chase Sapphire Reserve charged an 18.49% minimum APR. Today, it starts APRs at 16.99%.
  • Similarly, APRs on the Citi Premier® Card currently start at 15.99%. A year ago, the lowest APR cardholders could get was 17.49%.
  • The lowest rate Hilton enthusiasts could get on the Hilton Honors American Express Card last winter was 17.24%. Today, the card’s APR starts at 15.74%

As a result, the average rewards card APR has tumbled from 17.11% in the second week of 2020 to 15.76% today, while the average airline card APR has fallen from 16.9% to 15.53%.

As the end to the coronavirus pandemic edges closer, lower rate travel cards could become more attractive to cardholders who are dreaming of a post-pandemic vacation.

Even low interest and balance transfer cards are much less expensive nowadays, giving cardholders who need to carry a balance a temporary reprieve.

Last January, for example, the U.S. Bank Visa Platinum Card and Citi Simplicity® Card both charged a 15.49% APR. Now, borrowers could secure an APR as low as 13.99% on the U.S. Bank Visa Platinum and as low as 14.74% on the City Simplicity. Meanwhile, Bank of America has reintroduced the BankAmericard® credit card after a temporary pause with a minimum APR of 12.99%. A year ago, the best APR cardholders could get was 14.49%.

Most cards received their biggest rate cuts in March and April when the Federal Reserve cut its benchmark interest rate, the federal funds rate, by 1.25 percentage points. When federal interest rates change, most lenders also match the changes on new card offers that are tied to the U.S. Prime Rate.

However, a few lenders have cut rates on select cards by an even larger amount. For example, Wells Fargo cut the APR on the Wells Fargo Rewards® card by five and a half percentage points last year, making it one of the lowest rate cards Wells Fargo offers. Cardholders who qualify could get a rewards card APR as low as 12.49%.

Today’s lower rates won’t last forever, though, since most are due to federal interest rate changes, rather than independent rate strategies.

As soon as the Federal Reserve begins increasing rates, the APRs on all variable rate cards tied to the prime rate will also go up.

It will be a long time, though, before cardholders in good standing will have to worry about higher rates on cards they’ve already opened. The Fed has said it is unlikely to hike rates for at least another year.

See related: How do credit card APRs work?

All information about the U.S. Bank Visa Platinum Card and Citi Simplicity Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. These cards are no longer available through CreditCards.com.

CreditCards.com’s Weekly Rate Report

Avg. APR Last week 6 months ago
National average 16.05% 16.05% 16.03%
Low interest 12.77% 12.77% 12.83%
Cash back 15.85% 15.85% 16.09%
Balance transfer 13.85% 13.85% 13.93%
Business 13.91% 13.91% 13.91%
Student 16.12% 16.12% 16.12%
Airline 15.53% 15.53% 15.48%
Rewards 15.76% 15.76% 15.82%
Instant approval 18.38% 18.38% 18.65%
Bad credit 25.30% 25.30% 24.43%
Methodology: The national average credit card APR is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed above. (Introductory, or teaser, rates are not included in the calculation.)
Source: CreditCards.com
Updated: January 13, 2021

Historic interest rates by card type

Some credit cards charge even higher rates, on average. The type of rate you get will depend in part on the category of credit card you own. For example, even the best travel credit cards often charge higher rates than basic, low interest credit cards.

CreditCards.com has been calculating average rates for a wide variety of credit card categories, including student cards, balance transfer cards, cash back cards and more, since 2007.

How to get a low credit card interest rate

Your odds of getting approved for a card’s lowest rate will increase the more you improve your credit score. Some factors that influence your credit card APR will be out of your control, such as the length of time you’ve been handling credit.

However, even if you’re new to credit or are rebuilding your score, there are steps you can take to ensure a lower APR. For example:

  1. Pay your bills on time. The single most important factor influencing your credit score – and your ability to win a lower rate – is your track record of making on-time payments. Lenders are more likely to trust you with a competitive APR – and other positive terms, such as a big credit limit – if you have a lengthy history of paying your bills on time.
  2. Keep your balances low. Lenders also want to see that you are responsible with your credit and don’t overcharge. As a result, credit scores take into account the amount of credit you’re using, compared to how much credit you’ve been given. This is known as your credit utilization ratio. Typically, the lower your ratio, the better. For example, personal finance experts often recommend that you keep your balances well below 30% of your total credit limit.
  3. Build a lengthy and diverse credit history. Lenders also like to see that you’ve been successfully using credit for a long time and have experience with different types of credit, including revolving credit and installment loans. As a result, credit scores, such as the FICO score and VantageScore, factor in the average length of your credit history and the types of loans you’ve handled (which is known as your credit mix). To keep your credit history as long as possible, continue to use your oldest credit card so your lender doesn’t close it.
  4. Call your lender. If you’ve successfully owned a credit card for a long time, you may be able to convince your lender to lower your interest rate – especially if you have excellent credit. Reach out to your lender and ask if they’d be willing to negotiate a lower APR.
  5. Monitor your credit report. Check your credit reports regularly to make sure you’re being accurately scored. The last thing you want is for a mistake or unauthorized account to drag down your credit score. You have the right to check your credit reports from each major credit bureau (Equifax, Experian and TransUnion) once per year for free through AnnualCreditReport.com.

Source: creditcards.com