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Budgeting isn’t easy. But whether you’re trying to cut spending to save for that new house or you’d like some extra money to put towards your credit card debt, establishing a budget that works for you is essential. Which is why we’ve created the Budgeting Bootcamp experience. The bootcamp is a two-week program that will teach you how to establish a budget from the ground up and then actually stick to it. Every couple of days you’ll receive helpful tips and tricks for creating your own...Read More...
Also, we do have a resources tab here in the community where you can view all of our academy courses and more helpful content: https://community.thepennyhoarder.com/pages/resourcesRead More...
Hi @R Hopkins completely understand where you're coming from! However, this is just a pilot that we're soft-launching to new email subscribers. We're working on another iteration for a wide release. In the meantime, the content is still available to ALL community members in our Budgeting Academy course where you can receive the same kind of content: https://www.thepennyhoarder.com/academy/budgeting-101/ I thank you and value your input here!Read More...
Last Reply By Briana · 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...
@Kat Langworthy Definitely a unique and quite intriguing trip!Read More...
I have an obsession with porcelain masks, the more elaborate kind. My bucket list contains a trip to Venice, Italy to celebrate Carnival. To see all the costumes and masks worn, I would stay there the entire celebration and spend money on new masks.Read More...
Last Reply By Moore Income · First Unread Post
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New announcement: We've introduced a few new threads!

Briana
First of all, I want to say welcome to all of our new members and to our new announcements thread! This thread (that you're in right now) is for The Penny Hoarder to communicate new announcements, feature releases and more updates about the community. This will help keep you in-the-know on the latest news! We want every single member to get the most out of this new community - find answers to important financial questions, share expertise with all kinds of financial topics, share your...Read More...
Thanks for the update.Read More...
Thanks so much for sharing @Lisa A Bean and @Susan R !Read More...
Last Reply By FreebiePharm · First Unread Post

Excel Entire Year Budget Sheet!

Forum: Budgeting
Heather LeGuilloux
Last year I started budgeting for the first time. It was confusing to figure out at first, and also scary to see all those categories and spending limits. But after a few months, it became second nature to write out the budget and go through the statements at the end of the month to make sure these budgets were held in place. When I first started with our budgets last year I found a printable budget that had some static categories (rent, groceries, travel, etc) but this year I wanted to find...Read More...
I created my own excel spreadsheets. I've found to be easy to plan for upcoming expenditures and to see the variation in some bills each month.... like gas and electric.... I have done this for several years and it's been eye opening to see how expenses for utilities have increased over the years.Read More...
@TheSugarFreeLife . I checked out the links and very happy to have those sources. I created my own excel sheets a few years ago, mainly for tracking where my money goes, rather than budgeting. It was an eye opener to see how much we spend on grandkids and junk food! I have not followed up to do anything with these links from Heather, but very grateful to her for providing them.......my other half is retiring this year and we will need to set up a budget, I'm sure. I am a procrastinator!Read More...
Last Reply By Shannon H · First Unread Post

Topics

Summer is in full swing! For those of us up North, it is definitely the most beautiful time of the year as we forget those frigid memories of negative 30 degree weather with windchill. That being said, living in an apartment, the heat is paid but the AC is electric. It is currently 78 degrees here in Fargo, and rather than running the AC, I have opened the windows. While it still feels a bit warm, it is not bad and I am happy to do it to save some money on electric. Just curious to know: How...Read More...
My AC is on here in Ohio, which affects both gas and electric (gas HVAC with electric ignite and compressor having its own electric breaker). I hang clothes to dry and do other things to cut costs. I don't run the AC unless it is humid. I have budget billing, so I pay the same prices year round.Read More...
My electric goes down in the summer months because I hang my cloths out to dry.running the dryer boosts my electric up as does my oil burner. If it is going to be hot and humid out I close the windows and the shades before it gets too hot out. Then I put on the ceiling fan, my oscillating fan and turn on the A/C on energy saver for and hour or two then I shut it off for most of the day. Then before the Hubby comes home I will turn the A/C back on and cool it off for him after his long day .Read More...
Last Reply By AnnieB · First Unread Post

Unsure How to Proceed

Forum: Debt
Emily Shifflett
So last year, I had a veterinary emergency for one of my pets that was not covered by his pet insurance. It blew through my savings and then some, but at the end of it, his quality of life is much higher and his life expectancy is normal. I'd do it again. Except now I'm stuck trying to crawl my way out of the debt and that's been a challenge. I don't make a ton of money but live in a HCOL. I've been trying to avalanche it, but aggressively doing so has made me not as financially stable on a...Read More...
It is very difficult when they pass on. That is another thing I think about.Read More...
Completely understand--I took out a loan for surgery for a pet rat named Fiona. Would do it again even though Fiona has since crossed the Rainbow Bridge. Have you tried getting CareCredit? They have a very reasonable repayment plan and are specifically for vet, medical, and dental bills. You might also want to check out a credit counselor such as A Debt Coach--they've been very good to me in helping pay off credit card debt. They got my interest rate cut in half and helped me work out a...Read More...
Last Reply By MsKimberly · First Unread Post

Best bank to use?

Forum: Banking
Karla Dial
I've been a customer at US Bank for more than a decade, but have recently realized this is actually counterproductive to my savings goals. In addition to its crappy interest rate on savings, US Bank REFUSES to work with any automated savings, budgeting, or investing apps I try (such as SaverLife, Every Dollar, Mint, and Fundrise). I need recommendations for better banks with great service that will work with apps and still be somewhat available nationally. Which ones do you recommend?Read More...
@AverageJoe I am learning more about banks as I get older. There is a lot to investigate.Read More...
MSKIMBERLY, I agree with @mooreincome as well. I agree with him about US Bank. Personally, I would not choose Bank of America or Wells Fargo. I had a family member work for one of the two, and the other worked for the other. Their interest rates on their savings account were and still are terrible, and their business practices aren't good. If you make a "complaint" against either bank, they investigate themselves, and, of course, we know that's like a fox guarding a chicken coop. They're...Read More...
Last Reply By MsKimberly · First Unread Post

Student Loans vs. Everything Else

Forum: Debt
Stephanie C
We currently have about $280k in unsubsidized student loan debt (gotta love doctoral programs!), plus a mortgage and some random other debts which will be paid off by the beginning of the year. Every time we look at ideas when it comes to paying off student loans, it seems like we get a different answer, so I'm looking for some more opinions in general. As it stands, we're on an income-based repayment plan. Assuming our incomes don't change at all, over the course of 25 years we would be...Read More...
I think it depends a lot on your priorities, My opinion is that you must start attacking the debts, you can order them from the smallest to the largest, prioritize the minor, free yourself from it and continue with the others. Or list them by order of which is the one that has the highest interest rate, and attack the highest. I understand that that will depend absolutely on you. You should not put your hopes in the debt forgiveness, but on the way you will find creative ways to increase...Read More...
@Mrsmcbride I'm on the PSLF as well. I did 10 years on the wrong loan (so frustrating and the loan companies were NOT helpful!) but glad to see that I'm slowly ticking away towards my end. I have heard of the 25 year loan program.Read More...
Last Reply By ClauR37 · First Unread Post

Can Drinking Coffee Affect Your Finances?

Forum: Budgeting
Moore Income
Today I am sitting at a coffee shop working away on my computer before I head to my job. But instead of purchasing a coffee from the shop, I brought my own coffee from home. Why you may ask? Because a cup of coffee can cost upwards of $5. I am a huge coffee drinker but $5 cups of coffee tend to add up over time and before you know it, you have spent quite a bit on a cup of jo! I have started coming here regularly and have noticed there are people who come in every morning to buy a cup of...Read More...
Coffee is my kryptonite. I realized how much money I was spending on coffee and started drinking it at home (Whole Foods has an excellent store-brand dark roast for about $4 a can) or at work (I work in a restaurant). Then I took the money I saved and invested it, and I plan on cashing in the fund soon to take a trip to Iceland. I still get a cup of coffee at a coffee shop occasionally, but I take the mindset of "How long do I have to work to afford that cup of coffee?" I find that a lot of...Read More...
Great to see all the interesting comments on here. It would be cool to do a survey and see how much people spend on coffee in a given month and year.Read More...
Last Reply By BeckAtsila · First Unread Post
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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...
Welcome aboard! I'm Becky from Indianapolis--my boss at my restaurant job is Filipino and I've fallen in love with your food. There's nothing quite like fresh lumpia with coconut vinegar (that's my go-to dish at the restaurant), and chicken adobo is good, too. We've got members from all around the world, so don't be shy!Read More...
Hello, Everyone. I'm Junryl from the Philippines. I am so happy to be part of this community where I can share the things that I am going through right now. I am an email/chat support specialist with Earnin App. I just want to save up, earn more and find my money's worth. I want to live a comfortable life someday. I always dreamt of sleeping in an airconditioned room when I'm still a kid and still having the same dream now that I am an adult. I always believe that poverty can never be a...Read More...
Last Reply By BeckAtsila · First Unread Post
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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

Looking for investment that pay at least 10%

Forum: Investment
aglenda2000@yahoo.com
Does any know where I can invest $500.00 to $800.00 for a guaranteed 10 percent return, please let me know. Recently I saw a company on line which paid 10% on any amount invested, but were not FDIC insured, but had good feed back from investors. Unfortunately I cannot remember the name of the online company. If any one knows the company please let me know. ThanksRead More...
This is an interesting option: https://fundrise.com/acq-plus/start?utm_source=thepennyhoarder&utm_medium=cpa&utm_content=retire-by-2040Read More...
I would be suspicious of investors promoting 10% returns especially with a $500-800 investment. Higher interest paying accounts usually require minimum investments of $10,000 +. The stock market average over many years is 6-7%, and that's been one of the highest rate of returns for many years, typically.Read More...
Last Reply By Theodora · 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...
@Mexpensive , so glad to see a local person here! Feel free to PM me if you want more info or anything. PS, are you just loving this weather? I am, but glad it doesn't last too too long.Read More...
This comes with a caveat to do a lot of research and perhaps speak with a financial advisor but if you own your home outright you may be eligible for a reverse mortgage. I'm suggesting this without having done recent research myself. Reverse mortgages, when they first appeared on the market, had a lot of fine print issues that were not good for the homeonwer. That has changed, but there are a lot of things to consider before jumping into one. The positive, is that you can still live in your...Read More...
Last Reply By KellyFromKeene · 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

Do You Ever Pick up A Stray Penny?

Forum: Save Money
Penny2
Lately my husband and I have been finding so much stray change on the ground we decided to place into a separate bowl to see out of curiosity what it would come to at the end of the year. Near the end of 2018 we were out walking our dogs before a big snowstorm and my dog was over by a tree so I walked over there and what looked like a green leaf was actually a $10. Very cool. We started a separate bowl now in 2019. So do you keep that change or throw it and make a wish?😊Read More...
Oh yes, I picked up one just yesterday (heads up).Read More...
Yes, every time I see one. My grandmother told me before she passed away that they were pennies from loved ones in heaven, now that she is up there, along with my father, I pick them up. I keep them in a jar. I hold onto their death year ones.Read More...
Last Reply By sthom · First Unread Post

This week in... The Penny Hoarder Community!

Briana
Happy Tuesday, Penny Hoarders! We’re going to switch things up a bit -- so that it’s easier for you to get up to speed on the latest community happenings, we’re going to bring you announcements, top threads, and threads that need YOUR help in a more concise post. Here it goes! Announcement: July is halfway over (ALREADY!) and that means we’re that much closer to announcing a new Member of the Month. Not sure what this is? We award the most engaged member each month with a $25 gift card to a...Read More...
Still trying to catch up on posts from the last couple weeks. Hard to believe how fast July has flown by!Read More...
Last Reply By Moore Income · First Unread Post

Using Fiona to pay off credit card debt

Forum: Credit
Will using this hurt my credit score. Credit cards will be paid off, however, how do the credit companies look at this? Thanks for any input.Read More...
It may affect your score in some cases since it will now be considered a loan rather than credit card debt. But I don't know that it would be enough to make it a bad decision. In this case, other things such as your debt to income ratio would be relatively the same and therefor should not affect your credit score that much. Companies like Fiona tend to promote themselves as being a great debt consolidation option but I would still recommend doing the research to find out what people who have...Read More...
It depends on which score you're looking at. Every sector has its own algorithm it seems. example: a car loan will pull a different fico vs a home loanRead More...
Last Reply By Moore Income · First Unread Post

How I Get 5/6 Customers To Leave Reviews (All Positive)

Forum: Make Money
Hey guys, This piece of advice goes for everyone wether you’re a freelancer, hardened entrepreneur, a startup, or working on side income. For anyone who owns an Amazon/EBay or any business you might notice that only 2%-5% of all your sales get a review. Most of the time it seems like they’re pretty negative. I currently have an average of 83.3% review rate for all sales across all of my selling platforms. I’m going to go into how I do that: 1. Make sure your business focuses on customer...Read More...
Lots of great information indeed! It is getting harder and harder to get people to leave positive reviews, especially on eBay where I do most of my selling. It seems people are quick to leave negative reviews when the experience was bad but tend to forget to leave a positive review if they had a good experience. But, when you put in the effort to make the customer feel well taken care of, and apply the tips you have mentioned above, getting customers to leave positive reviews becomes a lot...Read More...
@MsKimberly Thank you!!! I hope you’re able to apply it and really help grow your business to the next level!!!!Read More...
Last Reply By Moore Income · 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

Need advice on working from home

Forum: Make Money
Southern Mimi
Hi everyone, I'm 47 and married to a wonderful man. I have several serious illnesses but my mind if fine. I have tried to work from home before, but it was either a bust. I can write just about anything, and I was an English teacher for 9 years. Does anyone have any legitimate places where I could write, edit, etc. for a fair amount? Thank you for your help.Read More...
This is good stuff, Adam.Read More...
Hi @Southern Mimi . If you're just getting a start writing, look into these top freelancing websites . They can help you build up a portfolio and land better paying writing gigs in the future. If you have formal work experience as a writer, I would recommend looking into remote writing jobs. As @Moore Income mentioned above, The Penny Hoarder has its own work-from-home jobs portal . Next to customer service and tech support, writing jobs are the most popular. In regards to your illness, you...Read More...
Last Reply By sthom · First Unread Post

Student loans/debt consolidation

Forum: Debt
Rinni
I have parent plus loans that I have exhausted deferment and can not afford to pay. How can I get payment lowered. Also, has anyone been able to get a debt consolidation loan with hard inquiries with a 715 credit scoreRead More...
I own like 50,000 in student loan and I can’t afford to pay this off or can I afford the paymentsRead More...
Had to go through Federal website and no, they will not let me do income basedRead More...
Last Reply By Patricia Johnson · 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

This week in… The Penny Hoarder Community

Briana
Happy Tuesday, Penny Hoarders! For those of you who might be new here, each week we'll be showcasing the latest community news and updates in an announcement post. This is a great way to keep you all up-to-date on the latest happenings. Announcements Looking for community video testimonials! Want to share what you love about The Penny Hoarder Community? We want to hear it! We’re looking for a few members to create a very short (1-2 minute long) video talking about how they found the...Read More...
Thank you for this. Who would have ever thought there would be a cancellation fee.Read More...
That's always a plus when the list for work gets bigger. Always make sure to check out the "fine print" on any "Work from Home" opportunities. We found some that looked so legitimate we almost signed without reading all the way through. Would have been a big mistake. There was a clause in the one that said a cancellation of contract was covered by a $300 cancellation fee.Read More...
Last Reply By MsKimberly · 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

Pls help

Forum: Make Money
Crissy Fultz
can I pls have some suggestions on how to make money from home online . I’m on disability and I barely survive with the amount I’m payed each month. I’m desperate for help and will be forever grateful for any advice or suggestionsRead More...
You may find this to be an excellent resource: https://www.theworkathomewoman.com/work-at-home-jobs/ I personally find this site very inspiring. However, check the rules and limits of your disability benefits...you don’t want to jump into the fire from the frying pan, so to speak. I can say, there are folks that have come from similar circumstances (on permanent disability) who have not only survived, but THRIVED working from home, better than they did before they were injured. I’m hoping to...Read More...
On SSDI Disability folks are allowed to work on a very part-time basis. You would have to call SSD and find out what your personal financial limit would be. You don't want to lose your disability because of a little part time work. My best friend once found herself in a very similar situation. So, I am just going to put this out there and what you do is up to you. She worked part-time as a "telephone actress". I'm pretty sure you know what that means. There seems to be quite a bit of...Read More...
Last Reply By BACito · First Unread Post

My Credit Dropped 85 points....Why?

Forum: Credit
Wen Dee
I use Credit Sesame and Credit Karma both say my score dropped 85 points for paying off my secured credit card on time and using less than 30% of my card limit. I'm confused why would doing something positive have a negative effect on my credit score? Thanks Based on Transunion data Credit changes Current score 489 Jul 6 574 489 85 pts We found 1 change to your Transunion credit report. Balance Decrease CAPITAL BANK + Balance Decreased by $10 5% Excellent 0% Excellent Credit Card Utilization...Read More...
I paid it prior to the bill being owed. I paid the full balance, did not close the card. I have a $200 secured credit card and still have a $200 balance.Read More...
I’m not an expert by any means but when in the 30 day cycle did you pay down this card? Maybe, you new available credit isn’t reflected in your credit score.Read More...
Last Reply By Wen Dee · First Unread Post
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