Budgeting

The Affordable Housing Option That Can Help You Pay Off Debt Faster!

Today I have a guest post from Allea over at AskAllea.com. I was so happy when she reached out to me for a guest post because I love her holistic approach to financial health and her fun writing style. Hope…

The post The Affordable Housing Option That Can Help You Pay Off Debt Faster! appeared first on Modern Frugality.

Source: modernfrugality.com

Cash Back, Credit Cards

What Is Cash Back?

What Is Cash Back?

Cash back is a rewards benefit that many credit cards offer to cardholders. By taking advantage of it, you’ll receive back a prespecified percentage of certain purchases you make. Many credit card companies will provide higher cash back rates on certain types of purchases, such as airfare, gas, food and more. Cash back is just one way that credit cards offer rewards, as mileage and points are some alternatives.

Before you spend too much money with your credit cards, make sure you have a financial plan in place. Speak with a financial advisor today.

What Is Cash Back?

The most commonly recognized style of cash back is what you have likely seen advertised as cash back credit cards. This specifically refers to earning a certain percentage of your credit card purchases back as cash rewards. However, cash back rates vary widely, as do the categories that they apply to.

You usually won’t see credit card cash back rates higher than 5%, while 1% is the typically minimum you will earn. Cash back categorization is significantly more complex though, with a merchant category code (MCC) system being the main organizing force.

MCCs run the entire cash back industry, as they ultimately decide how each purchase you make is classified. These designations coincide with cash back rates set by the issuer of your card. For example, you could use your card for a $50 dinner at a steakhouse, which has a “restaurant” code. If your card offers a 2% cash back rate on all spending at restaurants, you’d earn $1 cash back.

Familiar alternatives to cash back include point- and mile-based programs, though many cardholders are partial to cash back. Cash back affords cardholders an independence that is ideal, since you can redeem it for nearly anything.

Popular Cash Back Credit Cards

What Is Cash Back?

Discover, American Express, Mastercard and Visa all have cash back rewards credit cards available for prospective cardholders. Each abide by their own set of regulations, though card issuers decide on cash back rates, promotions and bonuses. Chase, Wells Fargo, Citi and Capital One represent some of the most active card issuers on the market today.

Below are a few examples of what you can expect to earn when looking for a cash back credit card:

Cash Back Credit Cards Card Name Cash Back Rates Cash Back Bonus Costco Anywhere Visa Card by Citi 4% cash back on eligible gas up to $7,000 per year, 3% cash back on eligible travel and restaurants, 2% cash back in-store and online with Costco and 1% cash back elsewhere None Bank of America® Cash Rewards credit card 3% cash back in a category of your choosing, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases (up to a quarterly cap of $2,500 in combined grocery/wholesale club/choice category purchases) $200 bonus cash back for spending at least $1,000 over your first 90 days Capital One® Quicksilver® Cash Rewards Credit Card Unlimited 1.5% cash back everywhere $150 cash back bonus when you spend $500 during your first three months Citi Double Cash Card 1% cash back on your purchases and another 1% cash back when you pay your bill None Capital One® Savor® Cash Rewards Credit Card Unlimited 4% cash back on dining and entertainment, 2% cash back on groceries and 1% cash back elsewhere $300 cash back bonus for $3,000 spent over your first three months TD Cash Visa® Credit Card 3% cash back on dining, 2% cash back at supermarkets and 1% cash back on everything else Earn $150 cash back when spending $500 within the first 90 days (See Terms) USAA Preferred Cash Rewards Visa Signature Unlimited 1.5% cash back on everything None Blue Cash Everyday Card from American Express 3% cash back on up to $6,000/year at U.S. supermarkets (then 1%), 2% cash back at U.S. gas stations and select U.S. department stores and 1% cash back on other purchases $150 bonus cash back for spending $1,000 over your first six months Getting Cash Back at Retailers

What Is Cash Back?

Picture this: you’re buying some groceries on a Sunday morning, but know you’ll need $40 cash to fill up your car with some gas later. You could swipe your debit card at the supermarket and then head over to the ATM. Or you could ask for cash back right from the cashier, eliminating the extra errand.

The above situation represents the alternative definition of cash back. It’s ultimately the use of a cash register as if you were swiping your debit card at the ATM. When you request cash back from a cashier, your bank account will be charged the amount you asked for. This enables the funds to be pulled from your account so the cash can be placed in your hand.

Although this generally only applies to debit cards, there are a few exceptions for credit cards. Discover® allows cardholders to ask for cash back at more than 50 large retail stores without a transaction fee.

Bottom Line

There are many benefits to utilizing credit card rewards programs. But spending money that technically isn’t yours will always involve some level of risk. If you’re in good financial shape, though, cash back and other types of credit card rewards can help you take more vacations, save money on purchases and more.

Credit Card Tips

  • Managing your credit cards and any debt you accumulate using them is a major part of your long-term financial outlook. Consider working with a financial advisor to make sure you’re managing your money with your goals for the future in mind. SmartAsset’s free matching tool can connect you with up to three advisors in your area. Get started now.
  • If you’re someone who wants freedom when spending credit card rewards, you may prefer cash back to a points- or mileage-based reward system. However, keep in mind that cash back rates are sometimes less than those in point-centric programs.

Editorial Note: This content is not provided by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the issuer.

Advertiser Disclosure: The card offers that appear on this site are from companies from which SmartAsset.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SmartAsset.com does not include all card companies or all card offers available in the marketplace.

Photo credit: ©iStock.com/SIphotography, ©iStock.com/MJ_Prototype, Â©iStock.com/Juanmonino

The post What Is Cash Back? appeared first on SmartAsset Blog.

Source: smartasset.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

Pets

Be My Guest: How to Get Your Home Guest-Ready in 15 Minutes

Anticipating some last-minute company? While you may not have time to scrub down the house, some simple tricks of the trade will make it look like you did. Prepare your home for the unexpected—even if the unexpected is your mother-in-law inviting herself over for dinner.

Take a whiff:

Burning a few candles around the abode will not only brighten up the space, but it will also upgrade the usual aromas of your home. Light up a rich Mahogany Teakwood in the den, or perhaps indulge your guests’ senses with a fresh Vanilla Bean scent in the kitchen.

Pillow talk:

Upgrade your low-key loveseats and couches with hints of color. Take decorative pillows and throws out of the closet and add them as accents to the coziest spots. Be sure to fluff them, and then watch as everyone sits back and relaxes.

Reduce, reduce, reduce:

Having a magazine or book at arms’ reach in every room may be convenient, but there are stylish ways to hide them away. Minimize your reading materials clutter by stashing them in a basket or bin. It instantly improves the ambiance of your living space.

Show off your green thumb:

Pick out a simple bouquet from your garden and proudly display it on the dinner table. Also, swap out the run-of-the-mill vase with an empty wine bottle to highlight your creativity and charming style.

Feng shui the space:

If you haven’t moved your couch since it was first delivered, now’s the perfect chance to rearrange and harmonize the room. Even the simple act of angling your furniture a few inches can make each living space look brand new.

Throw it down:

Every room needs an anchor—and for those who are missing one, a bright throw rug brings the space together.

The post Be My Guest: How to Get Your Home Guest-Ready in 15 Minutes first appeared on Century 21®.

Source: century21.com

Education

The 5 Best Eye Shadow Palettes

Woman using best eye shadow palette

Just because you’re going out less frequently doesn’t mean you have to let your eye shadow game slip. I mean, you want to glow like a goddess on those Zoom meetings, right? And now you have plenty of time to perfect your look and find new colors to make your eyes pop.

You know your go-to colors, sure, but why not try something fun and new? Here are some excellent eye shadow palettes that offer a wide range of shades and won’t break your budget. (See also: The 5 Best Stay-At-Home Beauty Essentials)

Top 5 Eye Shadow Palettes

Lamora Nude Eye Shadow Palette

The Lamora Eye Shadow Palette in nude is a best-seller for a reason. It was created with high-quality ingredients into a waterproof cream formula. In order to enhance the wearer’s natural beauty, this palette offers 16 rich colors from rose gold to dark brown. The palette comes in a sleek case that’s small enough to take on-the-go. 

It includes a message inside that says "Be Your Own Kind of Beautiful," which is a reminder we all need, and it’s backed by over 9,500 five-star reviews on Amazon.

Currently $15.95 at Amazon.com

UCANBE Twilight and Dusk Eye Shadow Palette

The UCANBE Twilight and Dusk Eye Shadow Palette includes 18 incredible shades — 10 matte, seven shimmer and one metallic glitter colors that will make your eyes catch everyone else’s. All shades are waterproof, easy to blend, safe for sensitive skin, and has not been tested on animals. With the wide range of colors, you can easily take your look from day to night.

This palette is also backed by over 1,500 five-star reviews on Amazon.

Currently $9.98 at Amazon.com

L.A. Girl’s Beauty Brick Eye Shadow Palette

L.A. Girl’s Beauty Brick Eye Shadow Palette is the ideal palette to take on-the-go because of its magnetic case, double-sided applicator, and mirror so you can apply your shadow wherever you are. It has 12 highly pigmented nude shades featuring smooth mattes and dimensional shimmers. You can create a look for every occasion using the double-sided brush to contour, line, and highlight your lids.

It also has over 5,000 five-star reviews on Amazon.

Currently $6.99 at Amazon.com

Beauty Glazed Shimmer Eye Shadow Palette 

The Beauty Glazed Shimmer Eye Shadow Palette offers 15 gorgeous colors in a long-lasting formula that you’ll never want to take off. It’s waterproof too, so no need to worry about the weather interfering with your look. From light pinks to bold blues, this palette is bound to make your eyes pop.

And it’s backed by over 2,000 four-star reviews on Amazon.

Currently $9.99 at Amazon.com

SHANY Bold and Bright Eye Shadow Palette

If you want a complete palette to meet all of your makeup needs, the SHANY Bold and Bright Eye Shadow Palette is it. This palette has 120 bold colors to match every item of clothing in your closet, every mood, and every occasion. Each color is highly pigmented and won’t smudge. Whether you’re a beginner in eye makeup or a polished veteran, this palette will be your new favorite makeup item.

It’s backed by outstanding online reviews, including over 1,000 four-star reviews on Amazon. 

Currently $17.96 at Amazon.com

And those are our recommendations for the best stay-at-home kitchen essentials. As always, be sure to check Wise Bread’s Buying Calendar to learn when and how to buy just about anything!


Source: feeds.killeraces.com