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الجمعة، 21 أبريل 2017

Health Care Costs Keep an Alarming Number of Americans Awake at Night

When counting sheep won’t work and you’re laying awake at night, the thoughts racing through your mind will likely be money related.

According to a new CreditCards.com survey, that’s the case for most Americans, with 65% of us lie awake at night thinking about finances. That’s the highest it’s been since peaking at 69% in 2009, at the heart of the recession.

In 2015 and 2016, 62% of people surveyed said they suffered from insomnia related to financial stress.

CreditCards.com has conducted this survey five times since 2007, and for the first time, the cost of health care is listed as the top financial concern that keeps us from getting to sleep at night.

Why Financial Stress is Costing Us Sleep

The promise by President Donald Trump and the Republican Congress to repeal and replace the Affordable Care Act is the likely reason why 38% of Americans are plagued with sleeplessness over the cost of health care, according to CreditCards.com

Along party lines, Democrats were generally more worried about health care costs than Republicans in the survey, which was conducted earlier this month.

“But even if we were all at ease with our health care system, the fear of a costly medical emergency would persist for many consumers” across party lines, the survey found.

Health care worries are just the beginning.

Retirement, which is out of the No. 1 spot for the first time, is a close second in keeping us all tossing and turning when we’d rather be sound asleep.

About 37% of Americans who worry about money are concerned about how much they have saved for retirement. That’s probably not surprising when you consider the median amount of retirement savings for families with adults ages 44-49 is only about $6,200.

Also of concern are student loans (34%), paying the mortgage or rent (25%) and credit card debt (22%).

But this is not all bad news for those who want less worry and more shut-eye.

Spend Less, Sleep More

For many of the people losing sleep over financial worries, there’s a way to reduce financial stress. Take a look at your budget or create one, and find places to cut back.

About 64% of people who said money troubles kept them up at night said they cut their expenses in some way in the past 12 months — and that improved their financial situations.

Of course, as the survey points out, no matter how strong the economy may seem, financial concerns are generally a consistent part of life.

“It’s concerning that consumers don’t feel much better about their finances than they did during the Great Recession, despite low unemployment and steady wage growth,” according to CreditCards.com. “But we will likely always experience some level of financial anxiety, even if lawmakers call a truce on health care and find a way to bring student loan debt under control.”

Your Turn: Does financial stress keep you up at night? If so, are you cutting back on expenses?

Desiree Stennett (@desi_stennett) is a staff writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Lyft Just Took Steps to Help Drivers Who Are Deaf or Hard of Hearing

I hailed a Lyft this weekend, and, when the driver pulled up, my name flashed in his windshield.

What the…?

My driver introduced me to “Amp,” a nifty bluetooth-powered device. It flashes neon colors, which are personalized for each passenger. For example, the app told me my ride would be orange, and, sure enough, the device flashed orange.

It’s like a lighthouse, helping passengers navigate, especially at night — and especially after big events, like concerts. (You know how people flock out of those things.)

In addition to amping up its services for passengers with the device, Lyft is also using the Amp device to help drivers who are deaf or hard of hearing.

What Lyft Is Doing to Help Drivers Who Are Deaf or Hard of Hearing

Typically, Lyft drivers know when they’re getting a ride request because the app pings audibly. However, those who are deaf or hard of hearing have complained about missing that audio notification, according to Lyft’s press release.

But now Amp, which becomes available to all Lyft drivers in most of the company’s major markets once they make at least 250 rides, is going to help out by flashing “NEW RIDE” text across its digital screen.

The device is fixed on the dash, like a GPS, so it’s not like it’s going to distract drivers.

I’m thinking… have I ever had a deaf or hard-of-hearing Lyft driver?  Well, passengers will now get notifications before their rides arrive. That way passengers can communicate via text (as opposed to a phone call) with their drivers and also let their drivers lead the conversation.

It could also prevent incidents like this from happening.

This isn’t the end of what Lyft has planned to help those who are deaf or hard of hearing. The ride-sharing service plans the continue to work with the National Association of the Deaf to bring even more improvements to the app.

You can check out all the details and sign up here.

Your Turn: What do you think of Lyft’s new improvements thus far?

Disclosure: Here’s a toast to the affiliate links in this post. May we all be just a little richer today.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Walmart Has a Sneaky Way of Tricking Customers Into Saving More Money

Think of all the reasons you go to the bank.

What if you could do all that during your weekly run for groceries, diapers and windshield washer fluid at Walmart?

Maybe you can. Walmart has offered the Green Dot prepaid debit card since 2007, but a newer savings program tied to the card offers an extra money management incentive.

Building your savings through your MoneyCard could come with a prize of up to $1,000.

How to Win $1,000 With Walmart’s MoneyCard Vault

The Vault feature on the MoneyCard smartphone app offers 500 cash prizes each month: a $1,000 grand prize and 499 prizes of $25.

Each dollar a customer deposits into their Vault account via the MoneyCard app counts as an entry into the monthly drawing. Users get up to 500 entries per month, and the prizes are deposited into their Vault accounts automatically.

Walmart launched this program in August 2016, and it told The Atlantic that by December, more than 100,000 users had started using Vault to save – and get a chance to win. Further, the average savings for Vault users has grown from $413 to $572 since.

Given how many Americans would be unable to cover even a car repair or a $100 unexpected medical expense, it would seem Walmart’s MoneyCard Vault program is a valuable tool to help people save, whether they have a traditional bank account or not.

The “chance to win” element of Walmart’s Vault program gamifies saving in a way few typical savings accounts do. For those who remember earning more than 0.25% on their savings accounts before the recession, the idea of potentially winning extra savings is more attractive than watching your money grow at a minuscule rate.

What Else Does Walmart’s MoneyCard Do?

The MoneyCard Vault doesn’t pay interest, but MoneyCard users can earn 3% cash back on purchases at Walmart.com, 2% at Murphy USA and Walmart and 1% at Walmart stores, for a total of up to $75 per year.

Users can have their employer direct deposit their paychecks onto their MoneyCards.

Loading cash onto your card at Walmart costs $3 per load, but the card otherwise works like a bank-issued debit card. Users can swipe the card anywhere that accepts Visa or MasterCard, deposit checks via the MoneyCard app and pay bills. And since it’s prepaid, there are no overdraft fees.

No overdraft fees and a chance to win extra cash for your savings? Doesn’t sound like a bad option.

Your Turn: Have you tried Walmart’s MoneyCard Vault feature? Has it helped you save?

Lisa Rowan is a writer and producer at The Penny Hoarder. She remembers once earning 5% on a savings account, a long time ago.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Got $1? $5? $100? $500? Here’s How to Start Investing on Any Budget

We’ve all heard the old “make your money work for you” adage, right?

That means taking basic Finance 101 steps — like investing. But sometimes we’re a little too busy working for our money and forget to invest.

And sometimes the idea of investing becomes a bit overwhelming. You might picture scenes from Wall Street, starched suits and maybe people soaking in a bathtub full of money. (That can’t just be me?)

But investing can be for everyone — even if you only have $5.

Before You Start Investing, Here’s What You Need to Do…

First of all, your ability to invest — and how much you can afford to invest — is going to depend largely on your budget, goals and capacity to face risk.

For that reason, we can’t offer tailored, personalized advice. Sorry. You’ll need a financial advisor for that.

However, we can offer an overview.

Before you start investing, you need to make sure to tie up any loose financial ends and plug up any financial holes in your life. So we’re borrowing money advice from financial guru Dave Ramsey.

Before you invest…

  1. You should establish a cushy emergency fund. Ramsey suggests at least $1,000 to start, but eventually you’ll want to get that up to three to six months of living expenses.
  2. You should have your debt paid off. He suggests using the debt snowball effect.

If you don’t meet these two Ramsey-inspired qualifications, you can still invest; it just might not be in your best interest.

Also, you might already be investing through your employer retirement account, such as a 401(k) or IRA. Yup, that’s investing, and it’s not too scary, right?

How to Start Investing — Based on Your Budget

You don’t need thousands of dollars to start investing. You can actually start with as little as $1.

We’ve aggregated four investing platforms and have categorized each one based on your budget.

If you only have $1 and some change to spare…

Rounding up purchases to the nearest dollar is all the rage right now. Those remaining pennies add up fast.

Acorns is embracing the trend and allows you to start investing with just a handful of change. Plus, it’s all done with a few taps on your phone.

Once you download the free app, you’ll pick your portfolio based on your age, income level and your aggressiveness. Acorns determines the rest; you don’t have to pick and choose individual investments.

Then, if you so choose to round-up your transactions to the nearest dollar, that spare change will stack up until it hits $5, which will trickle into your investments.

Each month, you’ll pay $1 for the service. If you work your way over $5,000, you’ll be charged 0.25% of your balance a year.

If you have $5 to spare…

Stash is another fan-favorite app. You only need $5 to get started — plus you’ll bank an extra $5 when you sign up now. So really, it’s kind of free.

Here’s how it works: When you sign up with the SEC-registered investment adviser (that means your money will be safe), you’ll gain access to more than 30 investment options.

If you don’t know where to start or already feel overwhelmed, Stash will walk you through the process with personalized assistance. It even defines any financial jargon. You’ll buy fractional shares, which basically means you can pick and choose what you can afford to invest in.

Your first three months are free. After that, you’ll pay $1 per month, though if you build a portfolio of more than $5,000, you’ll be charged 0.25% per year.

It all starts with $5. And by clicking, “download.”

If you have $100 to spare…

If you read The Penny Hoarder, you’ve probably heard of Aspiration. We frequently write about how much we love its free Summit Checking Account.

It also has an investing platform called Aspiration Redwood Fund, which invests your money in sustainable businesses that are “leaders in their industry when it comes to caring about their people, the planet, and their company’s purpose and mission.”

That means you’ll feel like a good, socially responsible human when you invest through the platform.

You’ll need $100 to open up an account, but the additional service fee is totally up to you.

Gasp.

You know how some investment firms getcha when it takes a huge chunk of your returns? Aspiration lets you decide how much you pay its portfolio managers.

If you want to make sure this is real, go ahead and read up on the Redwood Fund here.

If you have $500 or more to spare…

We’ve got two options for you: Lending Club and Betterment.

Do note you don’t necessarily need $500 to start accounts with these two options, but the bigger the better.

With Lending Club, you only need $25 to purchase a note. OK, let’s back up.

Lending Club is considered a platform for social lending, or peer-to-peer lending. Basically, it connects you with individual lenders and borrowers through an online marketplace. So you’re lending money directly to an individual — without the middleman.

Here’s how it works: A borrower fills out a loan application. Lending Club experts evaluate it, set an interest rate and compile loans. The borrower then chooses a loan and activates it.

Then comes the investor (you). You can choose how much you want to fund in $25 increments (called notes). So you’re helping the borrower. Once the loan is funded, the borrower gets all the money. Each month, the borrower starts paying back the funds — with interest.

Annual returns average 5% to 7%, which is a lot more than your average savings account. But also note 99% of its investors invest in 100 or more notes, which equates to $2,500.

We have a complete guide on how it works here.

The second option we’ll talk about is Betterment, an automated investing service. With Betterment, it’s OK to have a $0 balance, and the annual fee hovers at 0.25% (the same as larger Acorns and Stash balances).

Perhaps Betterment’s best tool is its personalized recommendations. Type in your age, employment status (retired or not retired) and your annual income. Out spits recommended goals.

You’ll get suggestions for a conservative “safety net” portfolio, with 40% of your investment going toward stocks and 60% going towards bonds. It also generates an annual recommended target amount, which is going to be a pretty big chunk of money, depending on what you make.

You’ll also get personalized suggestions for retirement plans and general investing.

Once you sign up, the Betterment team will manage it all for you!

Again, we’ll always recommend speaking with a professional to figure out what your best move is based on your personal finances (because, well, they’re personal).

Your Turn: What’s your favorite investment platform that’s best for your budget?

Disclosure: Here’s a toast to the affiliate links in this post. May we all be just a little richer today.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Airbnb Tests Slow-Pay System That Could Make Booking Easier on Your Budget

Vacations can be a magical way to recharge from the stresses of work and everyday life. That is, however, if the cost of the vacation doesn’t bring on a panic attack.

It seems like Airbnb is looking at a way to alleviate some of the financial stress that comes with booking travel.

The booking site quietly began testing a flexible payment feature that allows some users to pay just a portion of the rental cost upfront and fork over the balance closer to the check-in date.

An official for Airbnb told Fast Company that the partial-payment option is part of a small test the company is running. Only select users will have access to this function while the company conducts the trial run.

Airbnb spokesperson Tim Rathschmidt remained pretty mum, telling Fast Company, “We’re always looking for ways to make booking with and paying for Airbnb listings easier for guests, but have nothing to announce at this time.”

How Airbnb Payments Could Become Easier on Your Wallet

Fast Company writer Ruth Reader discovered the flexible-payment option while planning her honeymoon in Italy.

“Plotting out my destination, I was nosing through Airbnb and salivating over a darling house embedded in the rocky hills of Conca dei Marini, complete with a cracked concrete stairway that leads directly down to the surrounding cerulean waters,” she wrote. “The price was agreeable, but I was still nervous about putting down my cash on this insanely beautiful property for a weeklong stay in July.

The listing allowed me to put a deposit on the property for half the total cost of the apartment. I’ll pay the remaining balance two weeks before we arrive… Not putting down the full amount up front felt like less of a commitment.”

Airbnb’s current policy requires guests pay the entire amount upon placing their reservations.

Breaking up payments for an Airbnb rental can allow users to save up for the remainder of the purchase over time.

Reader said she and her fiance will each collect four paychecks between making the down payment on their Italian rental and when their remaining balance is due, keeping them from feeling stretched thin.

This payment flexibility may convince Airbnb users to extend their stays or choose a pricier rental since they won’t have to hand over all the money all at once.

Your Turn: Would you like the option of breaking up payments the next time you book a rental on Airbnb?

Nicole Dow is a staff writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Would You Wear the Same Dress for a Year to Save? 4 Crazy Money Challenges

Sometimes, the best way to save money is to go big and do something unbelievable, something totally out-there, and maybe even downright crazy.

What if you tried to go an entire month without buying anything? What if you wore the same dress every day for an entire year? What if you made sure all your meals cost less than $5?

These examples are all real. They’re some of the many ways regular people have tried to lower their expenses. Once you see what these people have done to save money, you might be inspired to start an unbelievable project of your own.

Geoff and Julie Tried a Buy-Nothing Year

Geoff Szuszkiewicz and Julie Phillips are roommates living in Calgary, Alberta. On Aug. 3, 2013, they launched an ambitious plan: to buy nothing, for a year. They launched their Buy Nothing Year project in three phases:

  1. August to November: No buying household goods or consumer goods
  2. November to July: No buying household goods or consumer goods, no buying services of any kind (meals out, haircuts, taxis, etc.)
  3. July to August: No buying anything — no spending of any kind.

Geoff and Julie told Forbes in August 2014 that, between the two of them, they saved over $55,000 during their Buy Nothing Year.

Want to replicate their experiment? Here’s the advice Julie gave Forbes readers: “People ask Geoff and I all the time how to get started, and we always say, start with a week of no spending, or a month.

Once you get started, it’ll be easy to see what you can live without. Even if you don’t want to do a full Buy Nothing Year, consciously trying to buy less, or doing a Buy Nothing Month, can save you a significant amount of money.

Trent Makes His Own Laundry Detergent

If you’re looking for unbelievable ways to save money, you can’t do much better than the tips at The Simple Dollar. Trent Hamm has been blogging about simple ways to save money since 2006 — although some of his methods of saving money, such as making his own laundry detergent, are anything but simple!

Trent is a huge do-it-yourself advocate, and he’s quick to explain exactly how much you can save by concocting a bucket of laundry detergent slime instead of buying detergent at the store:

For comparison’s sake, a jumbo container of Tide at Amazon.com costs $28.99 for 96 loads, or a cost of $0.30 a load. Thus, with each load of this stuff, I’m saving more than a quarter. Even better — I got to make a giant bucket of slime in the kitchen and my wife approved of it.

If you like saving money and science experiments, check out Trent’s laundry detergent recipe. Saving a quarter a load sounds like a great idea — especially because when you’re dealing with laundry, quarters are worth their weight in gold.

Kristy Wore the Same Dress for a Year

Kristy Powell didn’t start her One Dress Protest as a way to save money; instead, she thought of it as a fast from spending money, as well as a fast from the fashion industry. So from Jan. 3, 2011 to Jan. 3, 2012 (or from her 26th to 27th birthday), Kristy decided to wear just one dress, day in and day out.

As she wrote toward the end of her project:

When I cut out all the clothing and fashion consumption mess from my life at the beginning of this year, I found myself with lots of empty space and a void to fill. I actually remember thinking, What are you going to do on the weekend if you can’t shop? I’m actually embarrassed to share that with you at this point. But it is totally relevant, and the truth. The void, superficial or not, felt enormous.

You can go on a similar spending fast. If you don’t want to go so far as to wear the same dress for a year, try paring down your wardrobe to 10 favorite outfits.

Or find something else in your life that could inspire a spending fast: Maybe you could go to the library instead of buying books and DVDs, or take public transportation instead of driving.

Erin Won’t Make a Dinner That Costs More Than $5

Erin Chase is the $5 Dinner Mom. She only makes meals that cost less than $5 — and that’s not just for her. It’s for the entire family.

Check out Erin’s tips and recipes at $5 Dinners. Then, think about how much money you’re currently spending on food. Does using Erin’s recipes to never spend more than $15 a day for three meals sound appealing?

Try a few $5 Dinner recipes, such as Pizza Grilled Cheese or Slow Cooker Apricot Chicken. Then see if you’re ready to incorporate $5 dollar dining into your own life.

Will You Try a Similar Challenge?

The great thing about each of these projects is that you can see comparable results even without going to unbelievable extremes.

Don’t want to make a $5 dinner every night? Try making $5 dinners three times a week. Don’t want to wear the same dress every day? Decide you won’t buy new clothes for six months, and only wear what’s in your closet.

You won’t believe how you can save money.

Your Turn: Have you tried a similar spending or saving challenge? How did it go?
Nicole Dieker is a freelance writer focusing on personal finance and personal stories. Her work has appeared in The Billfold, The Toast, Yearbook Office, The Write Life and Boing Boing.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Go Fetch Your Dog a Free Bag of Dog Food This Weekend at Petco. Here’s How

Is Fido running low on dog food?

You’re welcome for the reminder — I, too, sometimes panic when I go to feed my pup and realize his kibble supply is nearly gone.

This weekend, though, you can pick up a free bag of dog food for your pup thanks to this awesome coupon from Petco.

How Petco Rewards Members Can Get Free Dog Food

Through April 24, you can use this coupon to get a free bag of Nutro dog food from Petco.

The coupon is good for a 4- to 5-pound bag and limited to one per customer. While the coupon doesn’t state a maximum purchase amount, it can be worth as much as $20, depending on what flavor you get.

The coupon excludes Nutro Max and Nutro Ultra blends.

The catch is you have to be a Petco Pals Rewards member to redeem the coupon. By becoming a member, you’ll get 20% off and free shipping on recurring orders, plus $5 in rewards for every $100 you spend.

As a Petco rewards member, I can vouch for the program. I think it’s worth enrolling — I even included it as one of my favorite pet loyalty rewards programs. (And no, Petco didn’t pay me to do that!)

A Few Notes About Changing Your Pup’s Food

Have you ever heard of Nutro dog food? I hadn’t until I ran across this coupon. Given that doggies can have sensitive tummies, it’s always a good idea to do some research before switching their food.

Nutro advertises its dry dog food as “natural” and made of “real, recognizable non-GMO ingredients.” However, Nutro admits its wet food and treats need “more work” to be all-natural.

Based on 580 user reviews, Consumer Affairs rates Nutro dog food four out of five stars. Reviews included statements about it “exceeding expectations” and that it is “high quality.”

Dog Food Advisor, a site that reviews the ingredients in dog food, gave it 3.5 out of 5 stars and called it an “average dry product.” The site listed no dangerous ingredients in its review.

So, the good news is this food is legit and safe.

To avoid any tummy disasters, though, gradually mix the new food into your dog’s current food. PetMD recommends increasing the ratio of new food to old food over a period of five days.

Your Turn: Will you snag this awesome deal at Petco?

Kelly Smith is a junior writer and engagement specialist at The Penny Hoarder. Catch her on Twitter at @keywordkelly.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Is Placing Ads on Your Car a Real Way to Make Money? Here’s When it’s Legit

Have you ever received an email offering to pay you big money to put ads on your car? Sounds great, right?

Of course, these are almost always scams. And I like to mess with scammers, so I responded to one of these emails.

In its reply, the company explained I would be sent a cashier’s check to cover my first month’s payment and the cost of applying the “wrap.” I was to deposit the check, keep $300 for my fee for the first week and use the rest to pay the guy who wrapped my car.

I wrote back telling them I was excited to get started, but it seemed simpler for them to just pay me and then pay the ad installer directly. I would even take $200 per week instead of $300. I never heard from them again.

This is a typical cashier’s check scam. The check bounces, which you discover only after you wire your own money to the ad installer or pay him in cash.

These scams are extremely common. But you may be wondering, aren’t there legitimate companies that pay you to put advertising on your car? Let’s take a closer look.

How Not to Sell Ads on Your Car

Much of the information online about companies that pay you for car ads is worthless. Some of the companies these sites link to charge businesses to wrap their vehicles in advertising, but make no mention of paying you for wrapping your car with ads.

Others have no contact information online, which is never a good sign. Some don’t even ask you about your car and/or driving habits. Do you really think businesses are willing to pay for an ad on your car if they know nothing about whether it will ever leave your garage? Not likely.

Look at this driver application for Ads2go:

Submitting an Application with Ads2go has always been and continues to be FREE.  However, with about 100,000 drivers in our database, we are pleased to now offer you two ways to be a VIP applicant.

The “VIP Pick Me First Application” costs $5.95. Of course, “Payment of these fees is NOT a guarantee that you will be asked to drive since such depends on the preferences of our advertisers.” Oh, and the fees are nonrefundable.

How many people has this company paid for an ad placement? How many people have paid the company to submit a “VIP” application? When I contacted AdsToGo to ask these questions, I did not get a response.

In general, you should not pay anything upfront, and stay away from companies without contact information on their websites.

How to Find Legitimate Car-Wrap Advertising Opportunities

Fortunately, there are a few legitimate companies that pay you to put advertising on your car. For example, Carvertise is currently looking for drivers.

Its website says drivers earn $100 per month, and campaigns typically last three to six months.

Carvertise also makes it clear “there is no upfront cost to the driver,” which should be the case with just about any legit company.

Here are some other examples of companies that pay you for putting ads on your car:

These companies meet the following guidelines:

  • They don’t ask you for money.
  • They ask about your car and driving habits.
  • They require you to have car insurance.
  • They have contact information (not just a form) on their websites.

I should mention I’ve applied several times on different websites and have never been contacted.

Of course, I don’t live in a large city where the real opportunities are more likely to exist. I also may not drive enough miles for advertisers to be interested. And there are probably more applicants than needed.

The bottom line: Getting paid to put ads on your car can be a great gig if you get it, but don’t hold your breath. You may not qualify or be selected anytime soon.

Other Car-Wrap Advertising Opportunities

You may have a better chance to get paid for ads on your car if you drive for Uber or another ride-hailing service company.

First, you’re likely to put many miles on your vehicle in busy areas — something advertisers want to see. Second, it’s possible taxi advertising companies, like Blue Line Media (ads on taxis in 100 cities), will start signing up ride-hailing service drivers.

Finally, Viewswagon has an advertising platform for ride-hailing service drivers. It pays you to show ads inside your car.

Your Turn: Have you ever applied for a car-wrap advertising gig? If so, how did it turn out?

Steve Gillman is the author of “101 Weird Ways to Make Money” and creator of EveryWayToMakeMoney.com. He’s been a repo-man, walking stick carver, search engine evaluator, house flipper, tram driver, process server, mock juror and roulette croupier, but of more than 100 ways he has made money, writing is his favorite (so far).

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Visit the Happiest Place on Earth on a Budget: 6 Ways to Save Money at Disney World

In the summer of 1989, my wife and I took our two preschool boys on their first Walt Disney World vacation.

We drove from New York to Orlando, prepared most of our own meals and stayed at Disney’s Fort Wilderness campground. We spent less than $800 on the whole trip.

More than two decades later, my wife and I brought our two grown sons, new daughter-in-law, and her her sister and mom on our most recent Walt Disney World vacation. We still drove from New York and prepared most of our own meals, but this time around we stayed in a four-bedroom vacation home we rented for $69 per night.

6 Tips to Help You Save Money at Disney World

In the years between, we learned many ways to save time and money while getting a better value for our vacation dollars. Here’s how to plan your own Disney trip for less.

1. Start Planning Early

Booking a Walt Disney World vacation can be a daunting task. With four theme parks, two water parks, 29 hotels and resorts, and around 70 restaurants, your vacation can quickly become complicated — and expensive.  

To save money, prepare for your trip far in advance. Think about when to go, where to stay, what tickets to buy and how each of those factors affect the cost.

Disney’s hotels have seasonal pricing, which varies greatly depending on the time of year you visit. To help you make a decision on timing, visit a Disney-planning site like AllEars or this guide for first-timers from Touring Plans.

2. Use a Travel Agent

It sounds counterintuitive, but using a travel agent to plan a Disney vacation is actually a smart way to save money and time.

Why? In general, they’re free. Disney pays them, not you.

Agencies like Mouse Fan Travel and Small World Vacations specialize in travel to Disney destinations, so they know how to find great deals on hotels and flights.

3. Stay at a Vacation Home

Disney Hotels can be expensive. Fortunately, there are many affordable lodging options outside Disney property.

My favorite choice is to rent a vacation home or condo. I like this option because a vacation home has more space for the family — including more than one bathroom! — and you can also use the kitchen to save even more time and money.

We generally use VRBO, though you might prefer Airbnb, FlipKey or HomeAway.

These sites offer incredible deals if you time your booking right. On our last trip, I rented a vacation home through VRBO with four bedrooms, three bathrooms and a private pool. It was listed at $200 a night, but I was able to book it for $69 a night!

The trick is to wait until about two weeks before your planned stay, and then search for available properties. Owners who’ve had a last-minute cancellation are usually willing to rent for a discount rather than have the property sit empty.

4. Consider Multi-Day Ticket

As I write this post, a one-day ticket to Disney’s Magic Kingdom will set you back $105. But Disney’s ticket prices are set up so the longer you stay, the less you pay per day.  

A five-day ticket will cost you $74 per day, while a 10-day ticket falls to $44 per day. A good strategy is to plan one longer trip every few years, rather than shorter trips more often.

Disney World ticket options can be complicated because you can add options such as “Park Hopping” and “Water Parks Fun and More” to your tickets. A good way to decide what ticket combination works the best for you is to use this Ticket Calculator.

5. Make Your Own Food

Buy groceries at the supermarket when you arrive and prepare as many meals yourself as you can manage. (Use these tips to get your groceries for the best price!)

Preparing your own food is easier if you’re staying in a vacation home with a kitchen, but you can still use these tips in a hotel room. If you didn’t drive or rent a car, consider grocery-delivery companies like Instacart or Garden Grocer.

Did you know you can bring your own food into the parks? We usually pack sandwiches, snacks and drinks in a small, soft-sided cooler for a quick lunch on park days. After lunch, we just fold up the cooler and stow it inside a backpack or shoulder bag for the rest of the day.

By mid-afternoon, you’ll likely need to return to your room for some rest, especially if you’ve got young kids. This is a good time to start preparing your dinner, which you can enjoy without waiting in line outside a restaurant.

These tricks help keep your costs low, plus make the occasional restaurant meal into a special treat, rather than a time-consuming (and expensive) routine.

6. Visit the Park Strategically

If you want to get the most out of your theme park day, arrive early.

We usually arrive at the park gates at least 45 minutes before the scheduled park opening time. It’s almost always open a little earlier to curb long waits at the turnstiles.

But the most important reason to arrive early is to ride the most popular attractions with little to no wait time. We have walked onto Space Mountain with no wait, sometimes more than once. The same ride can have wait times of 90 minutes or more at peak.

To avoid waiting in long lines, consider creating a customized plan for your day with Touring Plans. Its mobile app, Lines, shows you how long you can expect to wait for each attraction. Premium membership costs $12.95, but in my experience, it’s well worth the investment (and there’s a 45-day money-back guarantee).

Want more tricks to help you save on your Disney vacation? Check out Couponing to Disney and Mousesavers — or the comments below!

Your Turn: What are your best strategies for saving money at Disney World? Let us know in the comments so we can all save a little more cash!

Ron Walpole is retired from the NYC Department of Education, where he worked as a Laboratory Specialist. Ron and his family have been making regular trips to Walt Disney World since 1989, always finding new ways to get a better value for their vacation money.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.

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Why I Ditched Pottery Barn for DIY Furniture I Can Make in My Backyard

Seven out of 10 UK equity income funds hold these 10 companies

More than a quarter (26%) of the money managed by UK equity income funds is invested in just ten dividend-paying companies, according to research by fund managers at Henderson Global Investors.

More than a quarter (26%) of the money managed by UK equity income funds is invested in just ten dividend-paying companies, according to research by fund managers at Henderson Global Investors.

read more



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All Fresh Farms for sale

All Fresh Farms may not open its new facility in Greene Township after all. In 2015, the Florida-based company pledged to bring 200 jobs to Pike County with a proposed produce-growing center that would operate year-round. Now, the former Swiss Maid property at 115 Mozzette Road is up for sale again.“Sale or joint venture,” said part-owner Garry Merritt. “We were unable to get the funds we needed to grow, so it’s up in the air.”The [...]

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Volkswagen to pay $2.8 billion in US diesel emission scandal

DETROIT — Volkswagen has been ordered to pay a $2.8 billion criminal penalty in the United States for cheating on diesel emissions tests. Federal Judge Sean Cox in Detroit followed the deal negotiated by VW and the U.S. Justice Department. The sentence was ordered Friday, six weeks after the German automaker pleaded guilty to conspiracy and obstruction of justice. VW admits that nearly 600,000 diesel cars in the U.S. were programmed to turn on [...]

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OPENING BELL: Energy companies sink, industrials rise

U.S. stocks are little changed Friday morning after a big gain the day before.

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The Proven Method for Driving 8x More Conversions from Long-Form Blog Articles

On the surface, blogs appear to be fountains of free-flowing information.

You read lots of rich and valuable research.

You collect plenty of juicy data.

You discover how to do a valuable task.

And, sure, some blogs are happy with lots of traffic and satisfied visitors.

But most content marketers know that blogs have the potential to drive insane conversion numbers.

Yes, conversions—as in people taking a desired action on your website. Maybe you want more email signups, more downloads, more free trials, or more purchases.

But here’s where things get dicey. Even though blogs are supposed to drive conversions, they usually don’t.

Why not?

It comes down to this. There is a disconnect between a blog’s conversion potential and its practical ability to achieve those conversions.

If your blog isn’t converting well, don’t beat yourself up. You’re about to discover some incredibly powerful ways to amp up the conversion power of your blog.

If you can improve the conversion power of your blog, it will transform into an unending revenue stream.

Once you learn how to remove the barriers, there’s no telling how high your conversion rate will soar.

Are blogs supposed to drive conversions?

First, let’s make sure we set the stage for the techniques that’ll follow.

What’s the purpose of a blog?

In a word, it’s this: revenue.

I hate to be so cold and businessy about it, but it’s true. Everything in business comes back to revenue.

Let’s say you’re a small business. Ultimately, you want more revenue, right?

More customers will produce more revenue. And a great blog will help you get those customers.

This infographic from SmallFuel Marketing makes the point:

image10

Source

But do blogs drive conversions?

Hubspot’s research demonstrates that yes, indeed, they do. Hubspot’s analysis of a business’s blogging efforts showed that content published in the past 12 months gained an increasing number of contacts as time went on:

image38

Source

Get this. The more you blog, the more customers you’ll gain.

You may be thinking: But what about PPC, social media, and email marketing? What about all those other sexy techniques for driving conversions?

Fair question! Aren’t those effective methods?

Sure, paid search and social media are effective. But when you compare their conversion potential to that of organic search, there’s no contest.

image14

Source

What’s my point?

It’s simple. Your blog can be a conversion machine.

But no, it doesn’t happen if you simply create good content. Good content is a given—something we should assume is already happening.

What you need beyond good content is the means and methods of persuading users to convert when they access your content.

Basically, it’s how you create that content and what you do with that content that makes all the difference.

So, what should you do to rev up the conversion engine that is your blog?

Instead of giving you granular tactics, I want to show you some of the deep methods that produce conversion power from the very source.

Create long-form content

Have you ever wondered why I occasionally write a 10,000-word blog post or a 50,000-word guide?

Is it because I get carried away? Have too much time to burn? Am getting paid based on word count?

No, no, and no.

I write articles like these for several reasons. Here are three of them:

  • My readers love them.
  • Search engines love them.
  • People convert on them.

Content marketing, as I understand and practice it, is all about value.

I am intent on providing the best darn value, free of charge.

I tend to think a really long article will give you helpful information and hopefully have a positive impact on your business.

Second, we’ve seen the massive impact long-form articles have on SEO.

Let me show you.

Top results on Google correlate with content longer than 2,000 words. In other words, the highest ranked pages on Google also have the most content!

image26

Plus, there’s the social sharing aspect to keep in mind. The longer your content, the more social shares you earn.

image23

Finally, there’s the bit about conversions, which is where I want to settle for just a moment.

  • When you have higher search results, you get more search traffic.
  • When you get more search traffic, you gain more conversions.

Let’s say your blog’s conversion rate is around 2% at the moment.

If 1,000 people visit your ordinary blog article (1,000 words), two of them will sign up for a free trial.

A long-form article, however, gets more traffic than the average blog article. Using the share metrics as a benchmark, we can safely assume that a long-form article (3000+ words) gets 100% more traffic than a shorter article (0-1,000 words).

Now, you have 2,000 people visiting your content—twice as many! And you have twice as many conversions too!

This introduces a logical question: How long is long-form content?

I hate to be “that guy,” but the answer is: as long as it needs to be.

You were looking for a word count, right?

Okay, I’ll give it to you, but you have to listen to my little lesson first.

I—and Google and the rest of the world tend to agree with me—am more interested in the quality of your content than the actual length of said content.

If you spin out 5,000 words of crap, you’ll destroy your conversions, not improve them.

As cliche as it sounds, quality is more important than quantity.

If you’re looking for a word count, I suggest 2,500 words or more are sufficient for outranking your competitors, turning on the traffic floodgates, and boosting your blog conversions.

The Lesson: Crank out long-form content on your blog, and you will double your conversions.

Create content around long-tail keywords

What kind of content drives the most conversions?

There’s no question about it: using long-tail keywords brings in the highest blog conversion rates.

What are long-tail keywords?

A long-tail keyword is a search query—the words that people type or speak to find stuff on the web.

Long-tail queries are…well, long. They generally have more than three words.

For example, “shoes” is a short keyword (called a head term). But “Nike women’s running shoes” is long.

image30

Source

The important thing to realize about long-tail and short-tail keywords is this: Your blog is more likely to rank for long-tail queries.

Plus, long-tail queries are focused in terms of user intent. The search volume may not be astronomical, but at least you’re gaining search volume from the right users.

Best of all, the conversion rates on long-tail queries are sky high.

Take a look at this benefit list of the long-tail keyword. Pay special attention to that last point:

image17

Source

What is a “high” conversion rate? Since “high” is a relative term, let’s do some comparison.

Notice the difference in conversion rates between head terms and long-tail queries. Which is higher?

image27

Source

Long-tail queries converted at 26%, a whopping 160% increase over the 10%-converting head terms!

It’s one thing to know that long-tail terms have higher conversion rates. That’s nice. But the real question is: What do you do about it?

It doesn’t take an SEO whiz to know that your blog probably won’t rank for short head terms like “computer.”

When I query “computer” in my browser, here’s what I come up with:

image22

The bulk of the above-the-fold results are major retailers. Below that are local results.

Sorry, but none of that stuff is long-form content!

I use “computer” as an example because of my personal experience.

I once had a client tell me, “We provide professional web hosting services. We’d like our website to rank for the term computer.

“Hmm. I don’t think that would be the best approach,” I cautiously countered.

“Well…okay. What about server…or maybe web server?” they replied.

I had a different perspective, so I proposed an alternative solution. I said, “Let’s focus on more specific keywords that could provide a more direct source of traffic and revenue.”

  1. First, I did some keyword research to come up with a list of long-tail terms.
  2. Second, I developed an article idea around each of the keywords.

That two-step process, although simple, was all it took.

What were the results?

One of the keywords I picked was “dedicated server capacity for e-commerce site.”

Yeah, it’s a mouthful. But a 2,690-word article on “How to Know if You Need a Dedicated Server for Your E-commerce Site” produced thousands of more conversions than a more general article would have.

To begin producing your own conversion-crushing long-tail keyword articles, follow this process:

  1. Develop a list of terms that people in your niche are searching for. Make sure these terms are 4 words or longer. This article will give you a great process for doing so.
  2. Create a blog article for each term. The article title should contain most, if not all, of the words in the selected long-tail phrase.
  3. In the body of the article, be sure to include the selected keyword phrase as well as other relevant terms.
  4. In keeping with the previous point about long-form content, write an article that exceeds 2,500 words.

The Lesson:  Develop your blog’s content to target long-tail keywords.

Deliver content that is aligned with user intent

One of the most direct ways to gain more conversions is to create content that satisfies user intent.

What is “user intent?”

User intent is what someone wants when they type something into Google.

For example, if I want to fly to Delhi next week, I would type in: “tickets from Atlanta to Delhi.”

My intent as a user is to purchase an airline ticket from Atlanta to Delhi, India.

In response to my query, Google would show me some airlines with flight times and rates.

image04

There are three main types of user intent, often called “query types.”

  1. Navigational: The user is trying to get to a specific website. For example, “quick sprout blog.”
  2. Informational: The user is trying to learn information. For example, “how do I increase my blog’s conversion rate.”
  3. Transactional: The user is trying to purchase or make a transaction on something. For example, “Coupons for Huggies diapers.”

image20

Google is pretty good at determining the type of query you’re using and the best results to provide.

When I searched for airline tickets, Google provided a quick and accessible way to make a purchase based on my transactional query.

When you’re creating long-form blog articles, you are most likely targeting informational queries. These informational queries often bring up blog articles. (Transactional queries, by contrast, usually bring up product pages.)

image16

But we still need to understand the following: What does user intent have to do with conversions?

The answer lies within the buying funnel.

The buying funnel is a model that marketers use to demonstrate how users get around to purchasing something.

The iterations of the buying funnel are many. But the basic idea is this:

  1. The prospect becomes aware of the product.
  2. The prospect begins to consider, research, or compare different products.
  3. The prospect makes their decision and buys the product.

Congrats! The prospect has become a customer.

This is what the funnel looks like:

image19

You, as a marketer or website owner, are targeting an individual within the second phase of the funnel—research and comparison.

Notice that the research phase is part of the user’s buying funnel. The information they find based on their query and intent can lead to a purchase.

image37

Your content gives the user what they want.

They want detailed information? They want to hear a solution? They want a helpful discussion?

Enter your content, which satisfies their intent.

image07

Such content can eventually lead to a purchase.

That’s why I recommend you deliver content aligned with user intent.

A simpler way to say it is this: Figure out what the customer wants, and give it to them.

Remember, at this point the person typing in a query is not a paying customer. They are an individual looking for information.

If they trust your website and content, they will move closer to becoming a customer—to converting on your content.

Keep in mind you should not expect to gain conversions simply on account of content that satisfies user intent. As I’ll explain below, you should also make it easy for users to convert.

Let me give you an example of how this process works in real life.

Let’s pretend you want to understand SEO. You type in “how to do SEO.” That’s an informational query.

You are not a customer, but you are in the awareness/research phase of a typical purchase.

This is what you might see in the search results:

image28

The first result from Moz looks hopeful, so you click on it.

You see a comprehensive guide that “covers the fundamental strategies that make your websites search-engine-friendly.”

image05

This is what you’re looking for! Your intent has been satisfied by this comprehensive long-form content.

This feeling of satisfaction is important because it has now prepared you to convert on a call to action.

Let’s take a look at what that might mean.

First, you might be likely to click the yellow button, “Start My Free 30-Day Trial.”

image33

Perhaps, you see this call to action in the sidebar as you’re reading the content.

image21

Or you may want to subscribe to Moz’s Top 10.

image15

Moz creates content that satisfies a user’s intent. Then, they provide an easy way for users to convert on that content.

How do you figure out user intent on your website?

One of the most straightforward methods is to use Google Search Console.

(If you do not have GSC set up on your site, please refer to this guide from Google on how to get started.)

  • Log in to your GSC account.
  • Click “Search Traffic.”
  • Click “Search Analytics.”

image36

Search Analytics provides a variety of keyword data with configuration options not easily accessible in Google Analytics.

Turn on “Clicks,” “CTR,” and “Position” by clicking the checkboxes:

image25

Next, sort the results by position so you can find out what queries you are ranking for. Click “Position” in the results table:

image03

In the table, look for queries that have a CTR (click-through rate) of 30% or above.

This means that 30%+ of the users who typed in a given query clicked on your results when they appeared in Google. We can safely assume these users are interested in your content.

For this website, I notice that a high percentage of users are clicking on the result for “django benefits.”

image31

The query is django benefits. This is an informational query.

To satisfy user intent, I should provide comprehensive information on that topic.

You can visit the SERP the query directs to by clicking the icon next to the query.

image24

From there, you can navigate to the relevant page on your website.

This foundational technique is helpful. If you give users the kind of content they want (their intent), you will provide a way for them to convert.

But that brings us to a really important point: How do you get them to convert?

The remainder of this article will show you some super practical ways to score those conversions.

Content is king. Keywords are necessary. User intent is important.

But what about the actual conversions?

Create a low-barrier-to-entry conversion action

So far, we’re driving relevant traffic to your page.

Now that we have those readers, we want them to convert.

The definition of conversion is pretty simple:

“The point at which a recipient of a marketing message performs a desired action.”

When you ask for a conversion, you’re not asking your blog reader to pull out their credit card and give you their money. You’re simply asking them to take the next logical step.

Often, this is an easy, low-cost, and logical way to take the relationship to the next level.

Here are some common conversion actions. Notice that each of these takes a few seconds and clicks:

  • Email subscription
  • Free trial
  • Download a resource
  • Facebook like
  • Twitter follow
  • LinkedIn follow
  • Pinterest follow
  • Instagram follow
  • Google Plus circle
  • YouTube subscription
  • Slideshare subscription

Let’s take a look at a few of these. Each of these are located on a long-form blog article.

The Content Marketing Institute invites you to subscribe to their mailing list and to read their e-book. This is an example of conversion action that includes email subscription and downloading a resource:

image34

Buffer invites you to get started with a free account. The header pictured below is persistent, meaning you’ll always see it as you scroll through the article:

image32

The Optimizely blog invites you to get a copy of their customer stories:

image12

The Marketing Sherpa blog uses a shadowbox popup to invite you to subscribe to their mailing list:

image29

Qualaroo uses a “Start Free Trial” button in their header:

image08

Kissmetrics asks you to try their SaaS:

image11

Invitations to social accounts are so common that it’s easy to overlook them.

In the Kissmetrics screenshot above, you can see a list of social icons on the right side.

The Content Marketing Institute uses an entire section on their sidebar to ask for social connection:

image00

Each of these conversion actions is simple, easy, and painless.

That’s what you want to do. You want to make it easy for the reader to become a regular.

Here are some rules of thumb for effective low-barrier conversion actions:

1. If you use a form, limit it to three fields

I suggest only one field (an email address) if possible, but this depends on the product you’re selling.

SumoMe asks for only a user’s email address:

image13

For creating an account—a different purpose—they’ve included three fields on the form:

image09

It’s still easy, fast, and effective.

2. Make it appealing and persuasive

Don’t lie, cheat, or steal when you’re asking for a conversion. Just be honest and ask for what you want.

The right kind of users want to convert. But sometimes, it takes a little persuasion and some good old-fashioned appeal.

Here’s an example.

If you read my blog, you’ve probably seen this little box:

image35

I’ve put that call-to-action box in my content because I want to persuade you to get your website analyzed.

You have a choice. I’m not twisting your arm.

But I am trying to persuade you.

And the reason I keep using that box is because it’s working!

3. Ask for what you want

You know the expression “ask and you shall receive.”

It’s true in online marketing.

Asking for the user to convert is a gift. They want to do it.

All you have to do is ask.

A business that uses free consults as part of its sales cycle should offer the user a free consultation. Here’s an example:

image18

A company that provides heat mapping analytics should ask users to create a heatmap, like this:

image01

A chiropractor can offer users a free exam and x-ray:

image02

The conversion action you choose depends on what you’re trying to accomplish.

All you have to do is ask for it.

Give in-your-face levels of value

I don’t know what business you are running.

  • Maybe you’re starting an e-commerce website.
  • Maybe you’ve created a SaaS and want to sell it.
  • Maybe you’re doing marketing for a startup.
  • Maybe you’re running a side hustle.
  • Maybe you’re blogging your heart out and hoping it will pay off.

But whoever you are and whatever you’re doing, this is my plea.

Give value. Metric tons of value. Dump trucks full of value. Warehouses of value.

You believe in the product you are selling. You believe the world needs it. You believe there are people whose lives you can improve.

Do you want them to see it?

Then give it to them straight. Go for in-your-face levels of value.

You should offer so much value that the user can’t help but accept it.

Your goal as a marketer isn’t to take. Your goal as a marketer is to give. You want to provide an enormous amount of value free of charge.

That’s what I mean by “in-your-face.” It’s all about the sheer amount of value you deliver.

The website ConversionXL is recognized for actionable, data-driven, highly-researched long-form content.

When you visit the blog, here’s what you see:

image06

They are asking you to subscribe.

This is good. Because they are offering insane amounts of value!

And that is why I recommend in-your-face techniques. Value, value, value.

It’s one thing to praise the in-your-face marketing methods, and it’s quite another to actually implement them.

Conclusion

Getting more conversions sounds simple.

Put up a form field!

Add a button!

Use a popup!

Those are fine methods. I’ve used all of them.

But getting conversions requires a lot more than just techniques. It requires a strategy.

That strategy is built on long-form content, enhanced by long-tail keywords, and maximized by giving people value.

Using this method for getting conversions is virtually guaranteed to work!

What are some strategic methods you’ve used to increase conversions on your long-form content?



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How to Compare Banks and Credit Unions When Looking for a New Financial Home

Let’s say you’re moving to a new community and thus need a new home for your banking and checking services, or let’s say you’re in a situation where you’ve lost faith in your current bank and wish to move to a new financial institution. You need a new bank for your primary checking account and savings account.

If you’re in a city of any size at all, you’re probably flooded with banking options. There are likely several local banks with just a few branches. There are probably some local credit unions. There are probably a few regional banks that are quite popular in your state. You’ll also find some national banks, like US Bank, operating branches near you. Add those all together and the number of options is just staggering.

What exactly do you do? This is one of those “paradox of choice” situations where people can be almost paralyzed by the number of choices, or else they simply go to the first choice they find and go with it. (I have a friend that just joins whatever bank is closest to her new home whenever she moves – I mean, it’s a strategy that does make at least some sense.)

Here’s the catch, though: Choosing the right bank is going to have a pretty strong impact on your financial path over the next few years. A bank with stability, low fees, great customer service, and solid interest rates is going to leave a lot more money in your pocket than a bank with lots of fees, mediocre interest rates, and difficult customer service, on the order of hundreds of dollars a year. Making the right choice will have a real impact.

So, how do you figure out which bank is the right one? Here’s the strategy I used when switching banks in the fairly recent past.

Make a list of accessible banks and credit unions.

First of all, I made a list of banks and credit unions in my area to which I have reasonably good access. I consider having at least one branch that I go near in a typical week to be a good threshold here – if I have to go far out of my way to bank, I’m not interested. Physical access to a branch is very important for your primary checking account because if things go wrong, the ability to access an actual physical person that you can talk to face to face is vital.

Online-only banks do offer great services in some regards, but I would only use them for secondary banking purposes such as a savings account for a specific goal or as the accounts for managing a side gig. Being locked out of your personal checking account due to a bank error and not having a person to talk to face to face is not a position that I would put myself in. You can have a face-to-face conversation with a branch manager and see what they’re actually doing to resolve your problems, but you can’t really do that via an online chat with a remote customer service rep.

So, my first step is to simply identify all banks and credit unions that are within a mile or two of my house, my typical commute, and the places I shop. You can do this easily with Google Maps.

Check the basic facts of each one.

For each of those banks/credit unions you’ve listed, go to their website and find out a few facts about them.

Are their accounts FDIC insured? If they’re not, drop that bank from this list like a hot potato. FDIC insurance means that your accounts are insured against the bank’s failure up to $250,000, meaning that if the bank goes under, the first $250,000 of your balance will be returned to you. That’s a must. If a bank doesn’t offer this, run away from it.

What is the interest rate they offer on your usual savings account balance? Consider how much money you typically have in savings, then use that to identify your savings account rate for that balance. Multiply the two together to assess how much you’ll get in interest in a year. (It’s worth noting that this will vary as interest rates change over time.)

What is the interest rate they offer on your usual checking account balance? Do the same exact thing with the checking account, if their checking account offers an interest rate. (Again, interest rates will vary, but this is a good thumbnail sketch.)

What fees are charged on the accounts you expect to have with them? This will take a little more homework, as banks typically aren’t completely up front with all of the fees. Some of the ones that you can typically find with a bit of searching on their website are account maintenance fees, minimum balance fees, ATM fees, overdraft fees, returned deposit fees, and foreign transaction fees (if you ever travel abroad).

I’d suggest starting a document on your computer to keep track of this information as you go, so that you have a single central place with which to compare options.

Check out online discussions about the bank and get opinions from friends.

Once you have this basic information on several banks and credit unions, go online and find out about their reputation. Are there a lot of negative reports about the bank? Banking horror stories? Criticisms? Most banks will have one or two bad stories out there, often written up by people who have unrealistic expectations or are hiding key parts of their stories, but large quantities of bad reviews are a telltale sign of some problems that you want to avoid.

Poke around on their Facebook page, on Twitter, and in the archives of Facebook groups for your community. Remember, what you’re looking for is significant quantities of negative reviews, particularly ones where it’s not apparent that the bank or credit union did anything to fix the problems. Finding old reviews that are negative with more recent reviews that are positive typically means that the negative problems were addressed and aren’t worth worrying too much about.

At this point, a few financial institutions should be clearly ahead of the pack. Take those banks to your social network. Ask friends in the area what bank or credit union they use and what they think of your top candidates. Again, a single negative view shouldn’t shift everything for you, but consistent negativity should be a big warning sign.

Follow up with the top candidates.

What you’re looking for are financial institutions that excel in all of those areas – FDIC insured, local availability, good interest rates, low fees, happy customers. You’ll likely wind up with an institution or two or three that really do well with these factors.

When you’re trying to make a final decision, contact each bank/credit union. Stop by a branch and talk to an employee about their account offerings directly. The key thing to do on this final visit is to assess whether employees are immediately helpful when you go in the door of a branch, as well as filling in any information holes you might have. To be very specific, make sure you use this opportunity to go through the fees on the account. Are they fully open about their fees or do they try to be shady about them? Hit on all of the fees mentioned earlier: account maintenance fees, minimum balance fees, ATM fees, overdraft fees, returned deposit fees, and foreign transaction fees.

After this, you’ll probably have a top candidate and that’s the one you should go with. If you find yourself struggling between two or three really good options, I suggest going with the one that will likely put the most money in your pocket after a year (the interest you expect to earn minus the fees you expect to get hit with).

When I went through this exact process, it didn’t take long to find all of my arrows pointing at two particular local financial institutions, and it was stopping in the branches and asking questions that cinched my choice. I talked to a nervous cashier at one that seemed to be almost trying to hide fees, while at the other bank the manager came out and introduced herself and was incredibly personable and open with every fee they charged. I chose the second one, unsurprisingly, because I felt confident that if I walked in there with an issue, it would be handled smoothly and professionally.

Good luck! May you find a bank or credit union that meets all of your needs!

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