General Discussion

Convert Amazon Gift Cards into Cash

Does anyone know of any websites that you can sell Amazon Gift Codes for cash? ThanksRead More...
I frequently buy Gift Cards on Raise.com I have never bought Amazon gift cards as they are always out of stock when I check but I believe you can sell gift cards on the site. (you will get a little less than the actual value of the card) Quite a few people also sell them on eBay. Maybe try asking friends or family if they are interested in trading you cash for your gift cards if they purchase frequently on Amazon?Read More...
Last Reply By Moore Income · First Unread Post

Close Checking Account

Does closing one checking account and opening a new one hurts your credit score? I am leaving BB&T and transfering everything to Navy Federal Credit Union.Read More...
I have never had it hurt my credit score. Generally, a checking account should not affect your credit score. There are however some situations related to a checking account that might. If the bank you open the account with does a hard pull of your credit, it will affect it obviously. Also, sometimes signing up for "overdraft protection" could essentially affect your score. Other than that, the only other thing that might affect it is if you are managing your account poorly (bouncing checks, ...Read More...
Closing bank account can hurt your credit score but you have another account in place so it should not effect your credit score.Read More...
Last Reply By Moore Income · First Unread Post

What do I do with $20K?

Gary Fisherr
I have $20,000 what to do with itRead More...
Maybe divide it up? Invest some. Save some. Give some to a local charity or someone in need if that is something you like to do. And maybe even take a small chunk to just spend on yourself as a reward for reaching such a milestone. At the end of the day, it's your money and you should make the decision that is best for your situation.Read More...
Hey @Gary Fisherr . A reader wrote in to Dear Penny with a similar question not too long ago. Maybe that could help you decide? https://www.thepennyhoarder.co...y/inheritance-money/ The TL;DR version is: put it in a high-yield savings account while you decide exactly what to do with it. Meeting with a financial planner could also be a good option, but they can't tell you exactly how to manage your money. You'll have to decide what financial goal you want to reach. Retirement? Pay down debt? ...Read More...
Last Reply By Moore Income · First Unread Post
I'm curious, If you lived in a warm climate area and had $10k to start up a business, what would your business be?Read More...
I want to rent to own a mobile home and/or a R.V. but my credit score is at zero. It's been wiped clean. I have no credit! I'm starting all over at the age of 60. My divorce left me totally financial destroyed. I have 3 great children. They are now young adults. I was determined to raise my children in the lifestyle we all deserved. Unfortunately my very wealthy ex-husband went for my throat. He wanted revenge and my financial ruin. He also wanted to convince the court that I was to blame.Read More...
@Mary G That is a very creative way to help folks out!Read More...
Last Reply By MsChris · First Unread Post

Family and Finances- How much did you learn growing up?

MountainFan
I've always been curious about this, especially from communities of people who are interested in financial health. How much did you learn about money/finances from your family or how you were raised? In my life, I learned very little from my family in the financial sense. We were middle class to lower middle class. It wasn't poverty, but we had our struggles. I watched my parents with their money and only learned about flaky or frivolous spending habits. My dad would buy cars all the time,...Read More...
Mountain Fan, I was raised in a large family...I had two brothers still living, a third died six hours after birth and was the twin to the sister we lost to breast cancer in June. I also had three sisters. I was the oldest since, though I do have a brother and sister I've never met from my adoptive father (my mother's second husbands children from his first marriage) and then two brothers and a sister from my biological father's fourth marriage. I lived with my mother and adoptive father,...Read More...
@Gabby It's great that your parents are still willing to learn. It's always a good time to start down the path to a better financial future!Read More...
Last Reply By AverageJoe · First Unread Post
Married, do not work, want to be able to help my mom when that time comes, I want my own money ,I need security ....Read More...
No savings for both of you or just you? Either way, first thing is to do a budget and see if theres any money to save. Then I assume youre looking for work since you said you want to be able to help provide for your mom? If you are able to live off your spouse's income, then all or most of your income can go to savings so you can build your nest egg quickly, which if youre 50 with no savings needs to happen today.Read More...
What type of income opportunities are you open to? Are you looking for work from home, side gigs or to start your own business?Read More...
Last Reply By LeighofMar · First Unread Post

Art

Marcus Stanley
I'm a struggling artist. I feel this is my calling from the beginning of time and many lives before. I struggle in this time do to many factors. Mainly ADHD. I've been trying thru the VA to get a legit diagnosis but to no avail. Aperently I'm good enough to serve but not good enough to be served a diagnosis. Can anyone help?Read More...
I don't know of any resources outside of the VA, in your area. I know that in NH, Easter Seals has a pretty robust (in my experience) program supporting veterans with some needs. Could you call your local 211 and ask for agencies that offer supports to vets? Then call those agencies and ask your specific questions.Read More...
Last Reply By KellyFromKeene · First Unread Post

The Minimalists

Has anyone heard of these guys? Has anyone watched the documentary about them on Netflix? What do you think of their idea that less makes us more happy? And has anyone heard of or tried Project 333? Let me know how minimizing has helped you.Read More...
I read their book years ago and met them in person on a book tour in Baltimore! They were very inspiring and their story and message resonated with me. Helped me to pare down many of my belongings and I’ve been much more conscious of mindless shopping and what I bring into my life since then! Def recommend the book. Easy reading.Read More...
@TheHannaLee Going on this trip has definitely provided some much needed motivation to downsize. It's crazy how much stuff you can accumulate just living in one place for any period of time. My parents are missionaries so when I was younger, we were traveling all the time and generally had to travel pretty light and were constantly downsizing. This helped me develop a good mindset about the true value of things. Besides that, just seeing stuff laying around not being used is sort of a...Read More...
Last Reply By JillC · First Unread Post

Leasing without an agreement written

my friend wants month to month & I think it’s ok I need to know if this is safe?Read More...
sidenote...I will not rent to friends and family. It always turns out badly and you don't get paid plus you are always the bad guy.Read More...
I rent month to month and accept payments weekly or biweekly. I usually do not write up leases. I rely on the state laws which govern over a written lease anyways but I just did a month to month situation because an agency is paying her rent. In Michigan, everything is 30-day notice anyways. I am also a licensed real estate agent in Michigan, as well.Read More...
Last Reply By Leslie Kay · First Unread Post

Selling sports cards

Omar J Torres
Does anyone know where I can sell my sports card collection? Cards from the 60s to the 90s.Read More...
eBay would probably be my first suggestion. I am sure there are probably websites dedicated to selling cards but eBay would probably give you the most protection as a seller.Read More...
Wow, thanks for this Adam. I will look into this. Now I have somewhere to start.Read More...
Last Reply By Moore Income · First Unread Post

The Fed just cut rates!

Theodora
Anyone planning on changing their savings or borrowing strategies based on the change?Read More...
I just saw that! It's a bit disappointing! I just signed up for a mobile app because they were paying 2.25% interest. I just received an email informing me they are dropping it to 2% and I haven't even put any money in there yet. I probably won't be using their service as I already have other ones that are paying me 2%.Read More...
Last Reply By Moore Income · First Unread Post

HSA

Mexpensive
I just read the e-mail from Pennyhoarder and I am wondering why oh why can that why can't we just open an HSA ourselves? Why do they make it that you have to go through an employer? Why doesn't the government make it easier for us to pay for our healthcare. Healthcare is so expensive between paying for your insurance ,your co-pays . Plus you can't be on Medicare? What's the deal here? you would think that we could just open an account through your bank or credit union and that would be it.Read More...
I Thanks for replying, I was wondering if someone who doesn't work could open one. I am going to check with my Credit Union . I was also wondering if the employer has to offer it. You would think that more people would know about this. The triple-tax benefit of having an HSA is that contributions are tax-deductable health savings account ( HSA ) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).Read More...
I just did a little research into this and I believe it is possible to open an HSA separate from an employer. Fidelity Investments offers one that you can deposit in directly from your bank account and it still offers you certain tax benefits. I'm not an expert on this topic, but it looks to be a possibility.Read More...
Last Reply By Mexpensive · First Unread Post

Tip on chicken

Hi all, I am taking cooking classes online--long story short, I've got a year's access to the classes (one new class a week, and this week was Midwestern comfort food) and all the archives for $10. The New York-style bagel recipe alone made it worth it. They just sent me a recipe for chicken eggrolls, and I thought I would share a tip from my job--I work at an upscale Asian restaurant. If you like chicken, you're probably familiar with leg, breast, and wing, all of which vary in price. But...Read More...
Shannon H, Here's one of my favorite recipes calling for shredded chicken--hot and sour soup! 4 cups chicken or vegetable broth 3 Tablespoons soy sauce 1/4 cup cooked chicken, shredded 1/2 cup mushrooms (the cookbook recommends shiitake or cremini), diced 1 Tablespoon garlic chili sauce (I prefer to use sambal oolek) 1/4 cup white vinegar 1/4 teaspoon ground pepper 1/3 cup canned bamboo shoots, julienned 3-ounce block of firm tofu, cut into half-inch strips 1 Tablespoon cornstarch mixed with...Read More...
First time with chicken thighs... went to Aldi this morning and got 4 packages of boneless chicken thighs each was a little over $5 with $3 off! I cut off excess fat off and put 2 packages in my pressure cooker.... Fell apart when I tried to take out of cooker which was great. I put 3 freezer quart bags into freezer which will each make a meal for us plus set aside in fridge 2 more meals - 1 chicken with broth for chicken n dumplins and 1 chicken to add bbq sauce to for bbq chicken...Read More...
Last Reply By BeckAtsila · First Unread Post

Invention ideas

Keri Stringer Dunaway
Dear Penny I have several invention ideas that I know would do very well but I have no idea where to start. I’ve had some in the past and never did anything with them and the next thing I knew I see my ideas as products or services being sold to consumers. I don’t want this to happen again. I can’t draw or sketch but I have the ideas in my head. It’s difficult trying to explain to someone else what to capture on paper plus just getting someone to do it, even family. I also want to start my...Read More...
@Keri Stringer Dunaway I personally do a lot of selling on eBay. I know Amazon can be a good place to sell but I just haven't quite gotten the hang of it yet. Facebook I have only had much luck selling bigger items like furniture. I had a Shopify store at one point but found it is extremely difficult to get traffic to your site and prefer being on platforms with a built in buyer base. But this can be a good option if you are trying to build a brand name. Another marketplace that I really...Read More...
I've actually had pretty good luck with Facebook Marketplace.Read More...
Last Reply By Moore Income · First Unread Post

Using loans

Christie Rogers
Hello, Has anyone used National Debt Relief or Pacific loan programs? Are they a good step to reducing credit debt?Read More...
Run and run fast ....fees for everything ......don't do it !!! My friend did and they didn't do any better than what she could done for herself by just calling the company herself and working out a deal!!! Ask for certain terms .. negotiating the loan balance yourself bc let's face it they rather get some money than no money .....u ask for to pay 1/2 if the balance and no more interest occurring on the acct and u get it ......let us know how it goes when u call themRead More...
I have heard people talk about them before, but have never heard anything extremely positive about them. I would be very careful about getting into most of those types of programs.Read More...
Last Reply By Yvonne Hill · First Unread Post

Retirement or debt?

Mexpensive
My husband is 64 and he works full time . He has never had an option to invest until now. His company offers a Simple IRA with them matching amounts. We have about 15000 of credit card debt. I am not working and I have started investing in Stash and Acorns. I have no retirement saved at all . Should we keep doing what we are doing? We pay more than the minimum of the credit cars but it seems like never ending debt. We own our home outright and are empty nesters. Anyone have any suggestions?Read More...
Take advantage of the full match with employer retirement! Call your credit card and ask for lower interest... if they won't lower then find new card with 0% or low interest to transfer debt to....Read More...
Thank you !Read More...
Last Reply By Shannon H · First Unread Post

Gambling

Junryl Lampazo
I have been trying so hard to stop it. I think I am at the lowest part of my life now! How can I stop gambling? Is there anyone here going through the same problem? I need people to help me through...Read More...
I've been there. It can be very difficult to stop gambling because it offers the promise of something for nothing, the most addictive drug there is. There are some support groups like Gamblers Anonymous (I don't know of any in the Philippines, but a Google search might turn something up). I found it useful to play video games that have a lot of unlockable content, such as Disney Magic Kingdoms. Medication and therapy helped a lot, too. I will keep you in my thoughts.Read More...
Last Reply By BeckAtsila · First Unread Post

Hoarders Unite!

Sometimes other issues keep us from reaching our goals. I am a hoarder. Anyone else out there that feels overwhelmed by this?Read More...
@Moore Income I am right there with you. I want to be a minimalist, but in reality, I am not. Being a seller, it is impossible to be a minimalist. People have changed. Amazon Prime has helped people change. They want new things cheap. They want it delivered. Sometimes they forget that they pay for that service. Then there is the keeping up with the neighbors. Selling can be frustrating because people don't show up or they ask a million questions, and they are not really interested or they...Read More...
In my mind, I like to think of myself as a minimalist, but then I look and in reality I can't believe how much stuff I have. I am working on that though. But since I am a re-seller, I find it a struggle because part of how I make money is buying and reselling stuff. If you saw my pile of stuff to resell, you would definitely figure me for a hoarder. I am still trying to work on a good method of buying, listing and getting stuff sold right away. It's a work in progress to say the least...Read More...
Last Reply By MsKimberly · First Unread Post

How to Earn Extra Money

Teresa Ridgeway
Hi, Can anyone tell me how I can earn extra money working from home on the Internet? I see things on the Internet, but don't know how legitimate they are. Thanks.Read More...
There are many different ways to make money on the internet. It really comes down to what are you interested in doing and if there are any specifics as to what opportunities you are looking into. I am not someone to outright call something a scam without first doing more research but if I know what it is, there are some tell tale signs that will be very evident from the get go that help me identify whether something is in fact legit or a scam.Read More...
It can be surveys , or data entry jobs, or customer service. I do surveys but just get 20 cents , 50 cents etcRead More...
Last Reply By Moore Income · First Unread Post

Interested in sharing a community testimonial?

Briana
Hello Penny Hoarders! Would anyone be interested in sharing what they like about the community and/or what brought them here in a quick (1-2) minute video (on your cellphone or laptop)? We're putting together a video to showcase our Penny Hoarders and the amazing community we're building -- and we'd love to feature you! Comment below, if interested, and I'll happily share more details =)Read More...
It's a great community. Don't be shy fellow Penny Hoarders!Read More...
Last Reply By Moore Income · First Unread Post

What Would You Do If You Won The Lottery?

Moore Income
By no means am I an advocate of playing the lottery... but I am curious to hear others point of view on the topic. I personally do not think it is a wise financial decision but it can be interesting to think about what you might personally do if you were to win a boatload of cash. There have been quite a few examples of people who won multi-million dollar lotteries who ended up losing it all in a matter of years. With that in mind, I think it is safe to say that just because you have a lot...Read More...
Hi, my name is Elaine and I'm new to Penny Hoarder!! If I won the lottery, I would pay off all of our debt and give some to my children and other family to enjoy. I would take my mom to Ireland where our family is from. I would donate money to causes that I am passionate about. I currently am not employed and I think it is because of my credit rating so Experian and them can, well, you know. I would definitely invest it. And I would travel. Something I thought I would be afraid to do. But...Read More...
Travel all around the worldRead More...
Last Reply By laughing broke · First Unread Post
Gaylord National Resort "This luxury resort and conference center is unique in several ways—it features an indoor rainforest, boutiques, and a spa. But guests won’t be able to find the hotel’s Presidential or Concept suites online—unless of course you’re a VIP. “For travelers looking to stay in a room unlike any other in the world, we have developed eight suites that are themed by color,” said Rachel Dinbowkowitz, communications manager for the hotel. “In addition to the color, each room...Read More...
Wow, so cool. Hope that one day I'll also spend such an amazing timeRead More...
Last Reply By SamanthaJones · First Unread Post

Retirement presentation

Good morning all I am a public speaker and I recently (about a year ago) had this great idea. I would love to focus on "Retirement" presentations. Not the kind of presentation about your finances, social security/medicare or that sort of thing. There are more than enough financial advisers/books. My presentation would be about your goals, your manifesto, mission statement, starting a business traveling just to mention a few. I live a busy well educated city. I would love to explore...Read More...
#TATA I cannot wait to hear what you decide to do. Remember to entice the senses!Read More...
great suggestion, that is my thought a complimentary presentation. thanksRead More...
Last Reply By MsKimberly · First Unread Post

Side Income

Kennadee
I am looking for a way to start a freelance side business. My ideal situation would be freelance bookkeeping as I have some, but little experience with QuickBooks. Has anyone started their own freelance business? If so, what advice would you have for a young beginner? I know it will be difficult establishing customer relationships.. Thank you!Read More...
@Kennadee Check out this article: https://www.thepennyhoarder.co...r/?aff_sub2=homepageRead More...
Hey Kennadee, I would check out info on the Penny Hoarder about BBL, Bookkeeper Business Launch. You don't need any experience with bookkeeper or QBO or anything. They teach all of it. You need to be detail oriented, like numbers and be a hard worker but it's a great opportunity. I joined BBL in 2017 and the course is amazing, the Facebook group is the most supportive, helpful and encouraging I've seen on Facebook. I can't recommend it enough. I hope that helps! BryanRead More...
Last Reply By Theodora · First Unread Post
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