General Discussion

Featured Topics

This week in... The Penny Hoarder Community

Ashlee
Hi Penny Hoarders! This week we want to give our Veterans a special shoutout. We’ve been celebrating you all week long and are so thankful for your service. Here’s your weekly round up of announcements... In the market for a home? Here’s how to qualify for a conventional loan, which could save you thousands. Check out this quick video our team put together explaining everything you need to know. You can also read the entire article here . Have you found a cool way to make money outside of...Read More...
Hello penny hoarders I’m trying to build my credit up and people telling me to get a credit card and make my payment on time but I never had a credit card before and my credit will not let me get one anyway could someone tell me another wayRead More...
Too bad I missed the early bird pricing on the event. Who knew you guys would be hosting an event on my birthday when I will be in the area as my wife and I finish up the driving part of our 50 State tour! I will be in Orlando which isn't too far of a drive from the event so I am going to try to see if I can make it work for sure. I don't drink but it will be great to meet some fellow Penny Hoarders and learn from some successful side hustlers!Read More...
Last Reply By Lola Jones · First Unread Post

This week in... The Penny Hoarder Community

Ashlee
Happy Friday! Whew! Where has this week gone? Here’s your weekly round up of announcements to get you through today and into the weekend... We’ve crowned our November Member of the Month. Join me in congratulating Lisa Acu ñ a (@lismox) for being selected this month’s winner! We all appreciate your help around here, Lisa. Each month we look to crown a new winner. We’re looking for someone who is super helpful and active in the community. Each winner receives a $25 gift...Read More...
Not a problem, @Lesley Michele .Read More...
Thanks Average Joe😁😁😁😁Read More...
Last Reply By AverageJoe · First Unread Post

How to Organize Your Financial Life With a Budget Binder

Ashlee
Having troubling keeping up with everything in your financial life? A budget binder can help. Here's how to make one! Have you tried this approach to budgeting? I would love to hear more about your budget binders.Read More...
@MountainFan , I'm a big fan of TBM. So glad I found her method!Read More...
After reading some of The Budget Mom's posts, I was looking into making something like this for my home. I was so happy to see this article from The Penny Hoarder shortly after, it was uncanny! I like to combine this idea with bullet journaling a little, making my own mash-up version. I love it.Read More...
Last Reply By KellyFromKeene · First Unread Post

Happy November!

Ashlee
We’ve made it to the end of the week and the start of a new month Penny Hoarders! Who here can’t believe it’s already November? 😳 This week I want to know if you’re a planner or a procrastinator… Do you start planning and budgeting now for holiday purchases or wait until the last minute? What about your New Year’s resolutions? And now for this week’s announcements… We just hit a HUGE milestone Penny Hoarders… 10,000 community members! Join us in a celebratory happy dance, then go check out...Read More...
@Susan L. Miller We have used Freecycle off and on for years. We got the foot and headboards for our queen-sized bed through the program. We have seen many items we no longer use go to other homes that would use them and recommend it heartily! We have also used our "Marketplace" here in our area on Facebook to buy and sell things. There are so many ways to go and programs to use! Happy selling...and as one of our mentors says "Think..and grow RICH!"Read More...
I'm not sure how many were here when I joined the Penny Hoarder Community, but I do know that it seems as if we've grown by leaps and bounds. I've met some interesting people and like having information and ideas coming in! May we continue to grow in numbers as well as in wealth.Read More...
Last Reply By AverageJoe · First Unread Post

Hello, everyone! Nice to meet you!

Ashlee
Hey, everyone! I am Ashlee, your new Community Ambassador. I have worked at The Penny Hoarder since the beginning of the year. I am super excited about my new role in the community and spending more time getting to know all of you here! And, in case you were wondering, my top financial goal right now is saving for the long term. So now for my first official announcement... First, some big news! W e've put together a member survey that will help us better help YOU on your way to accomplishing...Read More...
Hey @BeckAtsila , welcome! Glad to see you here.Read More...
Hi @BeckAtsila , it's nice to meet you!Read More...
Last Reply By KellyFromKeene · First Unread Post

If Money Was No Object, Where Would You Travel and Why?

Moore Income
I am a lover of travel and a huge advocate for people having dreams and seeking to fulfill their dreams. That being said, I am curious to know where my fellow Penny Hoarders would travel if money wasn't something you had to worry about. What would be your dream trip/vacation and why would you choose that specifically? Time to do a little dreaming!Read More...
@JoJoJennifer That would be a trip to remember for a lifetime!Read More...
Europe for sure! I would love to be able to take off 6 mos from work and slowly explore the whole continent. Maybe have a loose agenda with time to immerse in the local culture, enjoy the food and see the sights including the natural beauty and made made- architecture, museums, art galleries, etc.Read More...
Last Reply By Moore Income · First Unread Post
Page

Topics

The FAQ UnCertainity

Ronnie Arnett
Is video-streaming service like Hulu & Netflix is worth your cash in US. I support Netflix for the content that available in different genres. But Hulu gives a cheaper subscription to nation. How you think of this... ThanksRead More...
Hey, You're supposed to be encouraging us to give up all that extra cost stuff, but I think you just talked me into keeping my Netflix AND ordering Disney +!! Just kidding! I'll cut back on Christmas shopping, increase charitable giving a little, keep Netflix and NOT order Disney+ (until I give up Netflix).Read More...
My wife and I stopped our subscription to Netflix a while back simply because we didn't watch it enough. But even with the recent price increase, I think it is still worth it for the amount of content you get access to. With the recent introduction of Disney+, I might have to subscribe simply because my wife loves watching some of the shows from her childhoodRead More...
Last Reply By dboothe · First Unread Post

Pre-Black Friday Sales

Shirley
Hi, just wondering what you think of the Pre-Black Friday Sales? I haven't taken the time to really look into the Pre-Black Friday sales. That is why I am asking is it worth it and the time? Do you think you save more during the sales then other times of the year?Read More...

Hello new members!

Briana
Hello and welcome to the new Penny Hoarder Community! My name is Briana, a Social Media & Community Strategist at The Penny Hoarder. I'm in the process of paying off credit card debt and establishing a healthy relationship with my finances. I'm also saving for a long-awaited trip to Greece next year!Read More...
Good for you. It's a new way of life when we don't have all of that to think of every day - it will be a Happy New Year for you!Read More...
@Fredia Stills Sounds like a great goal to accomplish before the new year. I wish you the best on your plan and do keep us updated on how it is going for you!Read More...
Last Reply By Jeanne Featherston · First Unread Post
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Savings

Kandy Bradshaw
If you had a small savings put back but it is enough to pay out a couple bills, would you do it or keep your savings and keep struggling check to check?Read More...
This can be a tough one because I know many people who would say "you should never touch your savings account as that money is for your future"... but what future if you are running behind on your bills and can never seem to get ahead? As mentioned by @redcatcec most savings accounts pay you such little interest. Over time, because of inflation, the amount of money you receive in interest is less than the rate of inflation so with a savings account you actually end up losing money in the...Read More...
That is the reason I have kept my savings. Sometimes I have to have fall back on money. Thank you for your input!Read More...
Last Reply By Moore Income · First Unread Post

Kindle Direct Publishing (KDP)

Old Skool Pop 5000
Does anyone know or is involved with Amazon KDP? And do you have any good tips on how to get started for "passive" income opportunities? Thank you, Old Skool Pop :)Read More...
@MsKimberly I have heard some things about them from friends who have used them to publish their writings, and have even considered using them myself, but haven't researched them for myself. I would like to publish several books I have written, and have even submitted one forty years ago to a regular publishing house. They said it was a good, solid book, but wasn't what they were looking for at the time. At that particular time, I felt it was rejection on a personal level and instead of me...Read More...
Thank you for your help.Read More...
Last Reply By AverageJoe · First Unread Post

Selling my Timeshare

Debra Benigno
I want to. sell my Marriott timeshare. I don’t hold a mortgage on it. I pay an annual fee of $1400. My deeded week is platinum, is lifetime and can be passed on after death. Marriott no longer offers this option. I’ve been an owner for 17 yrs. The timeshare no longer fits my life style. Any suggestions? Timeshare Companies want $1500 upfront, before they sell.Read More...
Everything I have seen over the years makes me very cautious. I would even be uncomfortable with Air BnB. Yes, I have been enjoying the moon and the cool brisk air. Hope you are, too.Read More...
@MsKimberly I totally understand. That's one reason it almost led my cousins into bankruptcy. Some of those who shared the property were very destructive, obnoxious to neighbors, and some were even stealing from area businesses and were taken into custody in that timeshare. They got out of theirs, and I'm thankful they did. It wasn't worth what they paid in grief, though the property itself was quite a beautiful spot. I think now they are using things like Air BnB. I haven't ever tried...Read More...
Last Reply By MsKimberly · First Unread Post

New A/C Payout Now or Finance Later?

James Nixon
I have the opportunity to replace my 17yo A/C unit and pay cash, but the unit is running and has a new controller and compressor replaced last year. My question is should I payout 7k for a new unit now or run this unit out and finance the replacement down the road? #goodproblemtohaveRead More...
I have a very similar situation myself. My HVAC system is 29 years old and it's living on borrowed time. 7K to replace everything and I'm going to do it. I figure the sooner I start running something efficient I'll be saving money due to the higher efficiency of the new unit, so I'll be saving money every month. The power company sends out monthly "usage" figures and they say my house consumes 42% more energy than the houses around me.Read More...
I saw your post, and signed up so I could reply. I am an HVAC service tech, and if you recently replaced the compressor and controller, that is a big deal. If this unit is not giving you problems I suggest keep running it. Although do take care of it, change your air filter Every month, and keep your outdoor condensing unit always clean. Use you garden hose and rinse the coil clean, often. That is how it rejects the heat inside to cool you. if you have any questions just ask.Read More...
Last Reply By Jimi · First Unread Post

Any tree huggers or anyone who supports sustainability?

Thinking of forming a small group to share best practices on saving trees, living sustainably, etc. Reply here if you're interested to be a part.Read More...
Hi @Vivian T. Pham - I created a community for us. Going to see if we find more people https://stopjunkmail.tribe.so/Read More...
YES! I'm interested in learning how to compost and get closer to producing zero waste overallRead More...
Last Reply By adcf292 · First Unread Post

How do I keep myself afloat?

DailyGrind
In June, I lost my job and had to survive on less than 2 months worth of severance. I have: $51,000 in credit card debt; $165,000 in student loans; and $6,200 owed to friends/family. I owe myself almost $4,000 from my retirement fund. Prior to getting laid off, I was already falling behind on rent and was taken to court by my former landlord so I moved to a cheaper apartment. Unemployment benefits were hardly enough to cover my rent, never mind my other living expenses (e.g. food,...Read More...
I'm real sorry to hear about your situation. Best bet is bankruptcy and try living way under your means. If your 165K into school debt than the last thing you need is a dog. Life is hard but it's the sacrifices you need to make to recover and be on top.Read More...
I agree with the others. Looking into bankruptcy may make the most sense for you. If you can take on any side gigs that might help too - check out the Pennyhoarder's side gig site: Pennyhoarder side gigs , Craigslist, or any number of other sites. I have done all kinds of extra work from jobs I found on Craigslist including focus groups.Read More...
Last Reply By Billy Brown · First Unread Post

What do you do with your junk mail (paper mail)?

Wondering how everyone feel about so much junk mail we get. Most people I have come across hate it but a few of them like browsing through it. I am just sad how much paper is wasted.Read More...
Thanks ! That's helpful !Read More...
We recycle junk mail through our county recycle program. I also use some junk mail in mixed media artwork. I especially like the solid color, quality paperstock some of the banks use when soliciting recipients to sign up for a credit card. I use that type of paper in a die cutting machine or with craft paper punches. Even if you are not really into crafting or artwork, one $10 (purchased with a Michaels or JoAnn's 40% off coupon, of course!) craft paper punch in the shape of a tag, large...Read More...
Last Reply By adcf292 · First Unread Post

AMAZON PRIME DELIVERY

TEXASREDJJ
OCTOBER-25-2019 HELLO PENNY HOARDER: I CANCELED MY MEMBERSHIP 10/24/19. I HAVE BEEN ON AUTO MONTHLY PAY $14.03 MONTH. THE DELIVERY DRIVERS WOULD LEAVE MY PACKAGES AT WRONG HOUSES OR LEAVE AT FRONT GATE***CITY SIDEWALK***. THEY WOULD NOT WALK 15 FEET TO MY FRONT DOOR-SECURE DELIVERY ON CAMERA. AND YET, THEY CLAIMED PACKAGE WAS LEFT IN A SECURE LOCATION. MANY TIMES THIS HAPPENED AND I FINALLY HAD ENOUGH. I BET THOSE DELIVERY DRIVERS WOULD NOT LEAVE THEIR WALLET IN THAT***SECURE LOCATION***. I...Read More...
We are gated across our front drive and the drivers won't enter our yard when we keep it closed........I can understand that. Sometimes there is a field when you leave your order, or with the tracking link that allows you to leave special instructions for the delivery person, if that might help you. We are seeing more and more grey Amazon delivery vans coming to our house instead of UPS or FedX. That could cause you a problem, for sure, because we have a different driver every time, where...Read More...
Last Reply By mintjulep · First Unread Post

Job loss, Retirement fund, credit debt

D. Morgan
Recently lost my job. Severance will float me for about 4 months. $70,000 in debt: $20,000 to family, $27,000 CC, $6500 student loan for my son, $14,500 car. Retirement fund will need to be rolled over into an IRA (currently in a 403b). I owe myself $11,000 from that fund. Question: Do I use funds from the retirement fund to pay off the debt (plus the tax and penalty for early withdrawal) become debt free, and spend the next 10 to 12 years (I'm 56) paying back into the IRA I established when...Read More...
I am in a similar boat as you... Lost my job in June with less than 2 months worth of severance. $51,000 in credit card debt; $165,000 in student loans; $6,200 owed to friends/family. I owe myself almost $4,000 from my retirement fund. Are you eligible for unemployment? Can you take on side gigs?Read More...
I also agree not to use the retirement fund, unless you're absolutely down to your last dollar. I hope things work out for you. Focus on keeping your skills current, networking, and looking for a job. Once you've found a job you can focus on paying your debt down.Read More...
Last Reply By DailyGrind · First Unread Post

Financial websites?

R Hopkins
This info is probably on the site somewhere, but I couldn't find it. What are people's favorite personal finance websites? Other than Pennyhoarder, of course. NerdWallet, Credit Karma, etc. ... what else, and what do you think of them?Read More...
Nerdwallet is the best. Their content is really good and understandable.Read More...
I absolutely love The Dollar Stretcher; been subscribed since around 2005.Read More...
Last Reply By adcf292 · First Unread Post

Switching car ownership

Susan Ortiz
Hi everyone. I have a question that no one seems to have an answer to so I'm hoping someone here can help. I financed a car for my daughter a couple years ago, her senior year, she is now 19 and wants to put the car in her name to help with her build her credit. The problem is no one seems to know how to do that with a car that still carries a balance. One person told us to trade it in and then put her down as a Co-buyer, then in a few months she could re-finance but that seems like a lot of...Read More...
Contact the lienholder which I am assuming is a bank. She will need a new loan that she qualifies for on her own merits and then they will transfer title to her name and their name. You cannot do anything without the lienholder/bank driving the transaction. Because no one can get them off the title so that you could make any changes.Read More...
Talk to a notary that handles car registrations and explain the situation. We had a similar problem in the family a few years ago and the notary was just great, she knew exactly what to do. If the notary can't help you they should at least be able to give you some suggestions as who to call. Lien holder would be one, I would imagine, if they are holding the title.Read More...
Last Reply By Leslie Kay · First Unread Post

I'm new here.

Tourette Tic
I was recommended this forum for people that are disabled (SSDI) I keep getting the run around and have a profound case of Tourette Syndrome. I am 40 years old and am highly educated (7 years full time in college.) I can not meet ends meet and I have my partner and here 3 kids, two in college now. I swear and violently jerk and make load sounds tics. It took me 8 years to be awarded SSDI back in 2008. I cannot afford to take care of my partner and her 16 year old kid on my meager $1200 a...Read More...
@Tourette Tic I'm so sorry to hear that you suffer from Tourette's. We have a very dear friend who was one of our professors in Bible college who has it. I'm not sure what position he holds now, but I do know that he was always cognizant of what could happen. He told us if we asked, and nobody ever made him feel like less of a human being. I hope and pray nobody ever does you, either. As the previous poster said, snap is often available, and many times there are many great attorneys who are...Read More...
This form is not specifically for disabled individuals. It is for anyone who wants to save money in one way or another. You may be able to get state funds, medicaid, and food stamps aka snap to supplement what you have now. Sometimes local churches will help, too. I am so sorry for what you are going through.Read More...
Last Reply By AverageJoe · First Unread Post

Finding a mortgage company on line!

So many fake everything is quicken a great mortgage company for refinancing & etc.Read More...
I've not personally used any online mortgage company but have heard good things about Quicken. I think if you have a good credit score, a good debt to income ratio, and funds to close (be it down payment or closing costs) there are a few good online mortgage companies. If you have issues with any mortgage qualifying procedures or requirements, I don't think you can beat a hometown, well experienced mortgage broker or small bank. Most of them allow you to submit docs online anyway, and I...Read More...
Last Reply By mintjulep · First Unread Post
I am 55 years old. I am being offered an early pension payout with the following options: Take a lump sum of my pension (~$30,000) now, before age 60 and roll it directly into an IRA (and thus be subject to the restrictions of the IRA on when and how much I can withdraw and selection of investments). No penalty or taxes withheld. Take a lump sum and roll into a currently active 401K plan (no penalty or taxes withheld) - however, I am currently unemployed, so unless that changes, this is not...Read More...
Never, ever cash out and pay penalties and taxes! Is this pension one that you would receive the monthly for the remainder or your life? If it is and you are in good then I would leave it where it is and draw at age 60 if no difference in the monthly amount between the ages. IRA rollover has potential if you are comfortable with some risk....if the economy turns and investments drop then you could lose a chunk of that money....Read More...
Well, with the article I just read about some pensions becoming insolvent, I would make sure that your pension company is covered with pension insurance so that your money is guaranteed and safe for future withdrawals. Assuming it's solid, I like the idea of getting a check besides Social Security in the future. (I'm assuming you're eligible for SS as well?" I think it helps with budgeting to have the different incomes accounted for. But #1 of transferring to an IRA and being able to invest...Read More...
Last Reply By Shannon H · First Unread Post

SSI/SSDI

KellyFromKeene
I just wanted to share a really informative article this week in TPH: https://www.thepennyhoarder.com/make-money/side-gigs/can-you-work-while-on-disability/?aff_id=86&aff_sub3=118394&aff_unique2=ITR-1747276&utm_medium=email&utm_source=daily&utm_campaign=daily20191018&utm_content=makemoney&sms=unsubscribed I work in the field and find the distinction confusing, and Adam did a great job explaining it in layperson terms. I sent the article out to several of my...Read More...
Thank you so much for sharing, @KellyFromKeene ! Glad you found it helpful.Read More...
This looks like a fine article. I have been wondering about that. This is one I will be sure to read. Thanks so much!Read More...
Last Reply By Adam · First Unread Post

Customer service part time work from home jobs

I’m handicapped, can’t stand long or walk far. I’m looking for a 4-5 hour a day 5 days a week stay at home customer service job. I have over 30 years in customer service but find it’s like looking for a Unicorn. Has anyone been successful at finding one? What’s the best place to look? Thanks AmyRead More...
Check out the PennyHoarder work from home article: https://www.thepennyhoarder.com/wfh/ . Also www.ratracerebellion.com is a good place to look for legit work from home jobs.Read More...
All I have seen so far is review and survey websites, if you find anything please let me know also, thank you!Read More...
Last Reply By lismox · First Unread Post

Christmas Gifting

Shannon H
September is upon us and the holidays are getting closer. I have started by preparations for gift giving this year.... I normally gift the male members items they use for grooming, socks or consumables (jerky, nuts, ect..)......... trying to thing outside the box for the male family members and could use some suggestions... ages 13, 27, 60Read More...
I personally love getting gift cards for Christmas, and they make great stocking stuffers too.Read More...
The Yuletide season is fast approaching, last year I did bake some goodies and knitted some stuff for my niece and nephews. The only thing that I bought is a sandpaper cat scratcher for my siamese which I got on sale since I purchase it during the Black Friday sale.Read More...
Last Reply By lismox · First Unread Post

Saving on a Fixed Income

Jeanne Featherston
I mentioned this in my Welcome message but hope to get a conversation going to learn how people save money while living on a fixed income. I'm 64 years old and live in Michigan, work 35 hours a week right now and am lucky to be debt free. I hope to retire in the next year or two and feel that my biggest challenge will be learning how to save extra money and if after a crisis may arise, how to rebuild my emergency fund. I'm currently trying to set myself up with extra jobs such as house/pet...Read More...
I grew up in Southern California and went to a Camp Fire Girls camp for 14 years. I love it also.Read More...
I've ben through your area-it is nice! I'm in Fenton and love it here. I actually went to a church camp in Chelsea when I was young-Judson Collins. What great memories!Read More...
Last Reply By Kathy E · First Unread Post

To stay in bankruptcy!

Kiersten Hedke
Hello everyone, I'm going to completely put my business out here so that I may get some help/advice on what I should do. Ok, here it goes. My husband and I filed for Chapter 13 Bankruptcy last year and we're in it for 5 years. The main reason we filed was because we were looking at losing our house (which belonged to my grandparents, so I've lived in it my entire life basically) because we got so far behind on our mortgage due to my husband losing a really good job back in 2016. My husband...Read More...
Thank you all for your advice. I do actually live a few short miles away from a major Big 10 University but unfortunately they don't have a clinic for bankruptcy help. I'm going to try my best to see what my attorney says but I'm sure we're going to be dismissed. I've already started checking with a few banks to see if they may be able to help with the mortgage and no one has said "No" outright yet, so I may have a fighting chance to get through this and keep my house. Thanks again for all...Read More...
Kelly and Robin's advice is solid. If you are in a town that has a university with a law school, they often will take cases in their law clinic to help them learn - definitely worth checking out. Getting converted to a Chapter 7 would help you a great deal. Due to a bad divorce (and shame), I stuck it out for a couple of years, but even though I had a good job, I had severe difficulty in making the payments, and I was looking at a lot of "solutions" that weren't really good for me in any...Read More...
Last Reply By Kiersten Hedke · First Unread Post

Invisible Emotional Costs

Ray Taylor Tetreault
After my divorce in the early 1990's I made the decision to move from the inner city of Cleveland to a sleepy suburb two cities away. At first glance the higher rent seemed untouchable but turned out to be less overall. Here were some of the invisible costs that I uncovered. You may find similar rationale to any seemingly unreachable goal on your list... The car insurance costs for suburbs are usually less than inner city and in my case, the suburb was closer to my employer's location which...Read More...
There is an organization called Retrouvaille (ReDiscovery) Searching for this name also goes to www.helpourmarriage.org (same non profit organization). My wife and I went on this program (a weekend in a hotel) and a follow up of 8 meetings. Its really a great program and they don't speak to you about your problems . Three couples share their stories in areas of marriage, you just sit and listen and then do a method of non threatening communication about the topic. We were a hopeless case,...Read More...
Been there, done that.... Prayers definitely coming your way!Read More...
Last Reply By rselwyn1000 · First Unread Post

Cell Phone Carriers

I keep seeing advertisements and blog posts for "discounted cell phone carriers." They're marketed as a much cheaper option compared to Verizon and Sprint. I have unlimited data with Verizon and use my phone constantly to listen to music, podcasts, social media, etc. Has anyone tried any of these services and was it worth the change? I have the impression they save money for the person that does not use their phone often.Read More...
I tried Twigby but unfortunately the service where I live was worse than my current carrier. I really wish it had worked for us!Read More...
I use Twigby for my kids- they do not have a smart phone and the calls and texts are unlimited. The monthly cost is $12 for each phone. I cant answer your data question.Read More...
Last Reply By KathyC1971 · First Unread Post
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