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الجمعة، 23 يونيو 2017

10 U.S. Cities That Have Gotten Way Richer Since the Great Recession

It may not feel like it for some of us, but the U.S. economy is on a major upswing since it tanked in 2009.

There are more than 6 million job openings, even though companies are having a hard time filling them. The unemployment rate is down to 4.3% from a high of 10% in 2009. And according to the latest Bureau of Economic Analysis figures, nearly every city’s annual personal income was back to pre-recession levels as of 2015 (they apparently don’t get around to updating this data for a couple years).

When you take inflation and local prices into account, residents in an average U.S. city are hauling in 6% more income annually than they did in 2009. But some cities are faring way better — or worse — than others.

Top 10 Cities With the Biggest Gain in Riches Since 2008

Whether it’s due to oil or real estate speculation, these cities have gained the most in personal income since the onset of the Great Recession.

Do you live in one of these towns? Great! But with great (earning) power comes great (saving) responsibility. Take advantage of your growing income with a bevy of tools to help you save.

Here are the cities that have seen the most income growth since the recession.

Carson City, Nevada

Annual income: $41,804

Gain since 2008: 40.9%

Bismarck, North Dakota

Annual income: $52,729

Gain since 2008: 25.1%

Hanford, California

Annual income: $32,793

Gain since 2008: 23.8%

Goshen, Indiana

Annual income: $40,240

Gain since 2008: 23.7%

Fayetteville, Arkansas

Annual income: $53,662

Gain since 2008: 22%

San Jose, California

Annual income: $60,313

Gain since 2008: 21.3%

Merced, California

Annual income: $34,951

Gain since 2008: 21%

Madera, California

Annual income: $33,516

Gain since 2008: 18.4%

Barnstable, Massachusetts

Annual income: $57,956

Gain since 2008: 17.6%

Muskegon, Michigan

Annual income: $36,103

Gain since 2008: 16.7%

10 Cities Getting Poorer Since 2008

The U.S. is a land of contrasts. Where there are winners, there are bound to be losers as well.

Twenty-four cities have seen a drop in annual personal income since the Great Recession. But if you happen to live in one of them, consider ways to make money online from home, or you could take on a side gig and earn an extra $500 this month.

Here are the cities with the largest drop in income since 2008.

Charlotte, North Carolina

Annual income: $44,095

Loss since 2008: -11%

Midland, Michigan

Annual income: $45,273

Loss since 2008: -5.2%

Grand Junction, Colorado

Annual income: $37,749

Loss since 2008: -4.1%

Longview, Texas

Annual income: $42,153

Loss since 2008: -3.3%

Olympia, Washington

Annual income: $38,157

Loss since 2008: -3.3%

Tucson, Arizona

Annual income: $36,453

Loss since 2008: -2.9%

Ames, Iowa

Annual income: $39,406

Loss since 2008: -2.8%

York, Pennsylvania

Annual income: $42,594

Loss since 2008: -2.6%

Biloxi, Mississippi

Annual income: $35,058

Loss since 2008: -2.5%

Brunswick, Georgia

Annual income: $37,819

Loss since 2008: -2.4%

Alex Mahadevan is a data journalist 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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State meets with local government on I-80 project

Officials from Gov. Tom Wolf’s office ventured from Harrisburg to Stroudsburg on Friday to hear out concerns and get first-hand knowledge of the potential impact of the I-80 expansion project from local officials.The $550 million Pennsylvania Department of Transportation project would include roadway reconstruction, widening and interchange reconfiguration that some claim would do more harm than good.“It’s the end of Stroudsburg,” said Boyd Weiss, [...]

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Officials talk I-80 with state

Officials from Gov. Tom Wolf’s office ventured from Harrisburg to Stroudsburg on Friday to hear out concerns and get first-hand knowledge of the potential impact of the I-80 expansion project from local officials.The $550 million Pennsylvania Department of Transportation project would include roadway reconstruction, widening and interchange reconfiguration that some claim it would be more harm than good.“It’s the end of Stroudsburg,” said Boyd Weiss, [...]

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5 Trade Schools Where Recent Grads Earn Baller Pay With a 2-Year Degree

Year after year, publications compile lists of the best colleges and universities across the country to help teenagers decide what will be the foundation for their future careers.

What these lists tend to leave out, however, are trade schools.

This year, Forbes decided to change that and released its first list of what it deems the top 30 trades schools in America. Using methodology similar to what it uses for its annual top colleges list, Forbes factored in earnings of graduates, affordability for students and quality of the schools to compile the rankings.

Nursing Rules Top Schools Where You Can Earn a 2-Year Degree

The top five schools on the list all happen to be nursing schools where graduates leave making over $50,000 a year on average early in their careers.
1. St. Paul’s School of Nursing — Queens, Rego Park, New York

Early Career Salary: $75,800

2. Los Angeles County College of Nursing and Allied Health, Los Angeles, California

Early Career Salary: $87,200

3. St. Elizabeth College of Nursing, Utica, New York

Early Career Salary: $56,600

4. St. Joseph’s College of Nursing at St. Joseph’s Hospital Health Center, Syracuse, New York

Early Career Salary: $57,600

5. Belanger School of Nursing, Schenectady, New York

Early Career Salary: $60,200

Nursing is a fast-growing industry. According to the U.S. Bureau of Labor Statistics, the job outlook for licensed practical nurses (LPNs) and licensed vocational nurses (LVNs) is expected to grow 16% from 2014 to 2024, much faster than average.

Other Areas of Study

Trade schools specializing in nursing and the medical field dominate the top 10 schools from Forbes’ list, not just the top five. But schools focusing on aeronautics, engineering technology, construction trades, ultrasound technology, mechanical technology and agriculture operations round out the top 30.

Click here for the complete list.

Completing a trade school program can set you on the path to a great career. Check out this post on three trades considered “hot jobs” for 2017.

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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3 Ways Your Student Loan Servicer Could Screw You in Forgiveness Program

The first student loan borrowers whose remaining debt will disappear thanks to the Public Service Loan Forgiveness program are nearing the end of their decade long commitment.

As of 2016, more than 500,000 people were signed up for the program, and 62% earned less than $50,000 a year working public service jobs. That means many depend on the program to ease the burden of their student loans.

But many borrowers who thought their debt obligations would soon be gone could end up owing thousands more than they expected because of problems with their loan servicers, according to a Consumer Financial Protection Bureau report.

How Public Service Loan Forgiveness was Supposed to Work

The Public Service Loan Forgiveness program began in 2007 to encourage college graduates to consider careers in public service, which tend to pay less than private sector jobs.

It allows students to finance the education required to work in public service fields like teaching, law enforcement or public health without worrying about mountains of debt.

Borrowers agree to work in public service or for a nonprofit for at least 10 years while making income-driven payments. After those 10 years, their remaining federal student debt will be forgiven. For the first class of enrollees, that decade ends in October.

Those who are already on track for loan forgiveness still qualify to have the slates wiped clean, although the new budget proposed by the Trump administration could put the program on the chopping block for future graduates.

But as graduates enrolled in the program come closer to eliminating their remaining debt, they are running into problems, according to the CFPB.

3 Common Complaints About the Public Service Loan Forgiveness Program

Between March 2016 and February 2017, the CFPB received about 7,500 complaints about private student loans and another 2,200 complaints about debt collection on private and federal student loans.

The CFPB mined those complaints for the most pressing concerns about the companies servicing loans enrolled in the Public Service Loan Forgiveness program.

Here are the three most common issues the CFPB highlighted:

1. False or Incomplete Information From Servicers About Loan Forgiveness Eligibility

Borrowers told the CFPB they routinely received incomplete or inaccurate information regarding their eligibility for the Public Service Loan Forgiveness program.

That lack of reliable information can mean years of additional payments for some borrowers.

“For example, one borrower reported that his servicer failed to tell him he needed to consolidate his loans to be on track for loan forgiveness until after he left the military, which meant that none of his military service would count,” according to the CFPB.

2. Delays and Errors Force Borrowers to Miss Out on Qualifying Payments

To participate in income-driven repayment, borrowers enrolled in the Public Service Loan Forgiveness program must submit updated income and household information each year.

Despite submitting the necessary paperwork on time, borrowers reported processing delays and errors that resulted in their servicers putting them in forbearance — which then prevents them from making the payments that will eventually qualify them for forgiveness.

3. Unexplained Job Certification Problems

Finally, borrowers told the CFPB that servicers denied the certification paperwork necessary to prove they are working in a public service field without explanation, even when the borrower was working in a field that should have qualified.

On paper, that denial makes it look like those borrowers are not living up to the required 10 years of public service. Any payments submitted in that time won’t count toward the 120 on-time payments needed before loans can be forgiven.

“Some borrowers reported they believe they are fulfilling the program’s requirements, yet wrongly receive denials from servicers when trying to track their progress,” the CFPB reported. “Borrowers also complain that they do not know how to take action to correct a mistake because their servicer does not explain the denial.”

What You Need to Do if This is Happening to You

The CFPB also listed some tips to help borrowers navigate the process, even when their servicers drop the ball.

First, the CFPB suggests making sure you have the right types of loans. Only federal direct loans qualify for forgiveness. If you have any other loan type, you may be able to consolidate your loans.

You’ll also want to make sure you have the right student loan repayment program. While extended repayment plans don’t qualify, income-driven repayment plans do. Additionally, income-driven plans could make your payments are low as $0 a month.

Finally, the CFPB reminds borrowers to submit an employer certification form to prove you are working at an eligible job and keep every bit of paperwork you submit. It would be a mistake to trust your servicer to keep track of that for you.

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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Going Out for Dinner? Here’s How to Get Paid for Eating at Restaurants

Fact: More than 80% of Americans admit to wasting money.

And much of that money, they say, comes in the form of food and drink.

Nearly 70% of people said they spent too much on going out to eat, according to the 2,000 folks who responded to Hloom’s recent “The United States of Financial Waste” survey.

Additionally, more than 25% of respondents admitted to wasting money on alcohol. (Here’s how to get paid to buy it, instead.)

The good news is these respondents said, yes, they’d be willing to cut back on this spending.

The bad news is that temptations are difficult to curve. They’re not traditional restaurant discounts or coupons, but here are some easy ways to earn money back each time you eat (or drink) out.

It’s basically getting paid to eat at restaurants.

1. Never, Ever Throw Your Receipt Away

We’ve earned hundreds of dollars back on groceries thanks to Ibotta.

But, what many consumers don’t realize, is the free cash-back app also offers cash-back rewards for restaurants and bars.

If you haven’t already, download the app, tap “Find Rebates,” then scroll down to the “Restaurants & Bars” category. There, you’ll find nearby deals, including 10% cash back at Krispy Kreme and Buffalo Wild Wings.

The best part is you can find cash-back opportunities for any restaurant or any bar.

For example, order a Shock Top and any food item from anywhere your heart desires and score $2 cash back.

Plus, Ibotta will give you a $10 welcome bonus just for signing up.

See what’s available in your area.

2. Show Your Server a Barcode

Rather than planning your meal around coupons and rebates, here’s a cash-back opportunity you don’t have to think about until after dessert.

When your server brings you the bill, whip out your phone and open the Subtotal app.

Peruse its list of over 70 restaurants, find the one you’re dining at, and enter the bill’s total. Add a tip (no math required), and pay through the app.

The Subtotal app then generates a barcode that you show your server. It works similarly to a gift card

By using the free app, you can score up to 10% cash back, which automatically pops into your credit or debit card account within a week.

Some of our favorite restaurants in the app include 8.1% cash back at Applebee’s, 5.25% cash back at BJs Restaurants and 7.5% cash back at California Pizza Kitchen. There’s also 8.1% cash back at Krispy Kreme and 6.75% back at Papa John’s.

Check out the full list of eateries, and download the app for free here.

3. Pay With a Cash-Back Card

Something like 1% back on a meal might not seem like much, but it can add up quickly, especially if you’re feeding a family.

If you’re eating out, you might as well use a rewards credit card to get something back from your meal.

One of our favorites is the Barclaycard CashForward™ World MasterCard®. Not only does its name sound super fancy, you’ll accumulate 1.5% cash back on any and every purchase you make.

For example, if you spend $250 a month when you eat out, you’ll bank $45 back at the end of the year. Plus, if you (responsibly) spend $1,000 within the first 90 days of opening your account, you can snag a $200 bonus. Just make sure to pay it off in full each month to avoid interest.

Take a look at all the fine print, and see if it might be a good fit for you.

Bonus: Here are a few more reward opportunities.

4. Get Cash Back on Restaurant Gift Cards

You may already know that Swagbucks can help you earn SBs by taking surveys or watching videos online. Well, now you can earn more SBs by purchasing gift cards through the site.

Stick with us. It’s pretty easy.

First, buy a gift card from MyGiftCardsPlus through Swagbucks. Search for your favorite restaurant and buy the gift card. Swagbucks will give you cash back on the purchase.

Some of our favorites include Chipotle, Panera, Chili’s, IHOP, The Cheesecake Factory, Krispy Kreme, Domino’s and Papa Johns.

Then go eat. You’ll earn SBs from the gift card purchase you can use toward future gift cards.

Plus, if you sign up now, you can get a $5 bonus when you make your first purchase.

5. Stack Those Deals

Each of these methods can earn you some money back on your meals. But true Penny Hoarders stack ’em up for ultimate savings.

For example, try deal-stacking some of these offers — like paying through Subtotal with a cash-back card. You’ll earn points back on both platforms. Then, scan your receipt through Ibotta for even more cash back.

Exercise some creativity with your restaurant discounts and see how close to free your meal can be!

Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which The Penny Hoarder receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). We do not feature all available credit card offers or all credit card issuers.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. Tweet at her and tell her your favorite way to earn cash back when you dine out (because she goes out to eat a little too often.)

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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Fill Your Tank (Not a Scammer’s Bank Account) at the Pump With These 4 Tips

Think about a busy gas station in your area. How many pumps does it have — 10? 15? More?

Years ago, we’d all trudge inside to pay for a fill-up (with the exception of our friends in New Jersey and Oregon, where every gas station is full service).

Now, most of us pay at one of the dozen gas pumps in the lot. But the attendant working inside probably isn’t paying attention to what’s happening at every pump, providing opportunities for unsavory types to tamper with card readers.

And while you may already be on the lookout for the rising number of skimmers on ATMs, you might let your guard down at the gas pump, where illegal card readers may be harder to spot.

The Federal Trade Commission is sharing photos of gas pump card skimmers to alert consumers of this credit card fraud tactic, along with these tips to avoid getting skimmed at the pump.

  • Check for a security seal on the edge of the gas pump cabinet panel, which is where you insert your credit card, and use the keypad to complete your transaction. If this seal is broken or tampered with, there’s a chance a fraudster got their hands on it.
  • Wiggle the card reader before inserting your payment method. A card reader that’s been tampered with will probably be loose or feel unstable.
  • Even if you don’t see signs of trouble at the pump, when you use your debit card at the pump, run it as a credit card instead of entering a PIN.

    “That way, the PIN is safe and the money isn’t deducted immediately from your account. If that’s not an option, cover your hand when entering your PIN. Scammers sometimes use tiny pinhole cameras, situated above the keypad area, to record PIN entries,” the FTC’s blog states.

  • Use a pump that’s in clear view of the attendant, or go inside to pay the old-fashioned way.

If you notice any of these signs of tampering, use a different pump and alert the station attendant.

Lisa Rowan is a writer and producer 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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Stop Being Scared: 2 Simple, Safe Ways for Millennials to Start Investing

In 2007, the No. 1 song was Beyoncé’s “Irreplaceable.”

Obama hadn’t yet moved into the White House, and Bob Barker retired from “The Price is Right.” Apple released the first iPhone, and the final Harry Potter book was published.

And the financial crisis was ramping up.

That was 10 years ago, and today’s market is soaring high. But investors are still reeling — especially millennials.

This Study Says Millennials Aren’t Investing Because of This

More than half of millennials (57%) say they’re “strongly influenced” by the financial crisis of 2007-2008 when it comes to their investing decisions, according to a recent Legg Mason investor survey.

In turn, 52% of millennials reported being “strongly conservative” when it comes to risk.

Comparatively, of all the 15,300 investors surveyed, 36% considered themselves strongly conservative.

The survey notes other factors for not investing, like student loans, but it concludes that the biggest issue is the memory of this financial crisis.

“Given the scale of economic carnage that many young investors witnessed firsthand in their own lives and those of their families — and the degree to which attitudes are shaped in late adolescence and early adulthood — this isn’t entirely surprising,” the study acknowledges.

It also warns the dangers of being conservative so young.

“Shrinking from risk early on in adulthood could mean sacrificing the immense potential for long-term gains, compounded over time,” it states.

This isn’t new information.

Investing is your friend,” writes Vicki Zhou, co-founder and co-CEO of WiseBanyan. “The sooner you start, the more money you have the potential to earn, the closer you are to financial freedom.”

Don’t believe it? If you save just $25 a week, you’ll potentially be able to retire comfortably at 65.

How to Start Investing Today — Painlessly and Safely

There are not-so-scary ways to start investing, ones that don’t require following the stock market or hiring an investment adviser.

You can start small, for instance, using these two apps.

1. Start Investing With $5 When You Use Stash

Until last year, Penny Hoarder (and millennial) Jamie Cattanach didn’t know anything about investing — except that she should be doing it.

To alleviate some of her anxiety, she started out simple with an app called Stash. You only need $5 to get started. (Plus, you can snag a $5 bonus when you sign up.)

Cattanach loved that Stash walked her through the investing process and defined terms in an easy-to-understand manner (err, easier than your economics book did).

She set up her account to tuck away $5 into it each week. Then, Stash takes care of the rest, investing your money into groups of small stocks, based on your beliefs and values.

It’s an easy, mindless way to automate investments. And, if your account is under $5,000, it only charges $1 a month — which is a lot cheaper than hiring an investment advisor.

Go ahead and invest $5 to get that free $5.

2. Dump Your Change into Investments With Acorns

Another easy-to-use investing app we love is Acorns.

This one works a little differently than Stash in that it rounds up your purchases to the nearest dollar and dumps the change into your investment account. Ideally, you won’t miss those few cents.

Penny Hoarder Dana Sitar tried out the app, and she put aside an average of $35 each month.

Without thinking about it, she’s saving about $420 a year.

Acorns invests her money, so with the settings she chose, she’s expected to gain more than $1,100 over 10 years, which will leave her with a balance of more than $5,300 — a nice little surprise nest egg for doing nothing at all!

If your account is below, $5,000 the service is only $1 a month plus 0.5%.

When you sign up make your first investment today, Acorns will give you $10.

If you can’t decide which app you want to use, we wrote a comparison guide here. Or you can use both.

Do note these aren’t serious investing strategies. These are just simple, non-intimidating ways to ease into investing without feeling totally overwhelmed or like your money might disappear at any second.

Disclosure: A toast to savings! Thanks for allowing us to place affiliate links in this post.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. She’s also slightly terrified of investing, but she feels better now understanding that fear and knowing she’s not alone.

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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How to Discover Your Customers’ Most-Googled Frustrations (and solve them)

Google is a treasure trove for marketers.

Currently (2017), it “processes over 40,000 search queries every second!”

This “translates to over 3.5 billion searches per day and 1.2 trillion searches per year worldwide.”

And just look at how much Google use grew between 2000 and 2012:

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It’s ridiculous!

And this all means one thing.

Google can generate valuable data like it’s nobody’s business.

There’s arguably no other resource in history that compares to it.

Another thing I love about the search engine is the arsenal of free tools it offers for gaining insights.

There’s the Google Search Console, Google Analytics, the Google Keyword Planner and Google Alerts, just to name a few.

These are all ideal for providing you with the data you need to better understand the behavior of your audience and improve your marketing.

And as we all know, data is a marketer’s best friend.

Without data, I wouldn’t know what direction to take, making it much more difficult for me to reach my demographic.

In this post, I’m going to cover an extremely important aspect of marketing.

It’s this: how to discover your customers’ biggest frustrations and how to solve them.

I’ve found that Google is perfect for finding out what irks my audience, and you can implement the same methods too.

Here are several techniques you can utilize.

Autocomplete

Let’s start with an incredibly simple yet effective feature: autocomplete.

I’m sure you’re familiar with it.

With the insane amount of data Google has accumulated and continues to accumulate, it offers autocomplete to streamline user searches and help people find the information they’re looking for quicker.

Here’s a screenshot that summarizes how this feature works:

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Notice I highlighted two key points.

Autocomplete predictions factor in the popularity/freshness of search terms and terms other people are searching for.

Using autocomplete can provide you with valuable intel on what your customers are searching for and, more importantly, what their collective frustrations are.

Let me give you an example of how you can use it.

Type in a broad keyword phrase that relates to your industry, niche or product you’re selling.

I’ll use “organic soap” as an example.

Here’s what pops up:

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Just like that, I can tell what some of the most popular search terms are.

It’s obvious people are interested in organic soap bases, recipes and organic soap-making supplies.

Therefore, this user base has questions and concerns about these topics.

So this is a good starting point.

I recommend recording these popular searches for future reference because you’ll want to create content around those topics.

Performing a question-based search

Another easy way to understand your average customer’s frustrations is to figure out what types of questions they’re asking regarding your niche/product.

You can do this by typing in search phrases such as “what is,” “why is,” “how to,” etc., followed by a broad keyword.

Here’s an example:

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Within seconds, I can get a pretty good idea of which aspects of the organic soap topic people are curious about.

Remember, if it pops up on Google autocomplete, you know a large number of people have entered that search phrase.

So, you’re dealing with a high volume of searches.

Again, you’ll want to record those search phrases because you can target them later on.

Performing a problems search

Let’s take it one step further.

Type in your broad keyword followed by the word problems:

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Here are some of the results I got:

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I also highlighted some frustrations, concerns and questions people have.

Considering the fact these are all on page one of this Google search, it’s safe to say there’s a significant number of people who share these frustrations.

As a result, these are all potential topics I could cover.

Using the Google Keyword Tool

You probably already use this tool for performing keyword research for SEO.

But it can also be useful for finding your customers’ pain points as well.

Here’s what you do.

Type in your broad keyword in the search box:

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Then scroll down to see what people are most interested in.

The main thing you’ll want to take into consideration is the number of average monthly searches.

Here are some highly searched keywords that let me know what types of questions and frustrations customers have:5211f908db704c3988acaf1cc3c86e72

Using Google Trends

I absolutely love Google Trends.

It’s one of the best ways to get a quick snapshot of the popularity of something and see how interest has either grown or declined over time.

I also like to use it to generate graphs for great looking visuals for my content.

To use it in this context, just type in your search phrase:

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Then scroll down to “Related queries.”

You can view related queries as either “Top” or “Rising.”

“Top” lets you know what’s most popular over time in the grand scheme of things.

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“Rising” lets you know what’s most popular at the moment and what’s trending upward.

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Use this information to spot any potential frustrations your customers might be having that you may want to address.

Identifying top blogs in your niche

Here’s one last technique.

Do a Google search that combines your broad keyword and the word blogs.

You’ll get results like this:

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Then click on one or more of the results.

This one looks good to me:

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Now, I can get a glimpse of the types of topics the top blogs are covering, which are indicative of what your average customer is most interested in:

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I can get quite a bit of information by just looking at the description of each blog.

But, of course, I can learn a lot more by actually clicking on a specific blog and scanning through the posts.

This should fill in the gaps in terms of discovering the average customer’s frustrations and can give me even more ideas for content.

Solving those frustrations

Okay, so I’ve discussed several different ways to gain an understanding of what’s irking your customers.

As you can see, Google is pretty much a be-all and end-all tool for this.

But how do you solve those frustrations?

It’s simple.

You want to create robust, comprehensive content that exhaustively answers these questions and addresses these frustrations.

I recommend writing down a list of topics based on your research and prioritizing them in terms of importance.

For instance, I found people were interested in:

  • what organic soap is made of
  • how to make organic soap from home
  • how to make organic soap without lye
  • toxic soap ingredients to avoid

and so on.

Now I can start creating content that covers those topics.

More specifically, my goal is to create content that outranks the competition.

Skyscraper it

As you may already know, I’m a huge proponent of the skyscraper technique: producing content that betters and outperforms your competitors’ content.

If you’re unfamiliar with this concept or need to brush up, this guide from Backlinko will tell you everything you need to know.

By following this formula and addressing the unique concerns of your customers, you’ll quickly be on track to generate traffic, build trust and “scratch their itch.”

Diversifying your content

I’ve mentioned many times before that interactive content significantly outperforms conventional static content.

Here are a few stats from Impact Marketing that show the importance of creating interactive content:

e705163b6a594e8c90f05b8144dcdc24

When you break it all down,

interactive content drives 2x the number of conversions as passive content like blogs and eBooks.

Here’s what I suggest.

Look for ways to create different types of content your competitors have overlooked or ignored.

Rather than writing your standard 800-word blog post, write a long-form, 2,000-word post full of visuals, including relevant videos, graphs, stats, etc.

Or if there’s a pervasive question your customers have, try creating an infographic that succinctly answers it step by step.

In other words, think outside the box and be willing to go where your competition doesn’t.

This should kill two birds with one stone because you’re solving your customers’ biggest frustrations and providing them with incredibly helpful information while offering a level of depth your competitors are not.

It’s a win-win situation.

Conclusion

It’s amazing the insights you can gain from Google.

It’s a godsend for doing market research and will provide you with a wealth of valuable intel if you know how to use it correctly.

And the longer people use Google, the bigger the data pool becomes.

The best part is that it’s completely free.

As you’re probably aware, every demographic has its own specific pain points.

Your job as a marketer is to identify these frustrations and provide an effective solution.

By using the techniques I mentioned, you can do this in a very streamlined manner.

From there, you’re in a much better position to create content that hits its mark and can provide your audience with the answers they crave.

This, in turn, translates into a host of benefits including increased traffic, more leads and bigger profits.

Do you have any other suggestions for using Google to discover customer frustrations?



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Some Thoughts on the Choices We Make When Decorating Our Homes

I was recently made aware of a fascinating business called Books by the Foot. This business buys bulk books from publishers and libraries and other sources that might otherwise just throw them away and then sells them by the foot for people who want to create the visual appearance of having a giant library of books. In some cases, this does make sense – a person making a film or a theatrical production might want this very kind of prop (though I know from experience that many of them just have these “prop” shelves of books that are basically book spines glued to boards that they can just slip right into standard bookshelves).

But why else would someone patronize this business? Well, I got another big clue from this article in the Paris Review, entitled When You Need Ten Feet of Books. The story starts off with this anecdote:

“I once knew a man who bought antique books by the foot to fill the majestic library of a new house. He was completely unembarrassed by this fact, which is, I guess, the only way to be, and there was something very eighteenth century about the whole thing. (On close inspection, a lot of them proved to be bound sermons, in many volumes.) The idea of insufficient books to fill shelves is a novel idea to most apartment dwellers, certainly in New York. I was, therefore, fascinated to read about the Strand Bookstore’s Books by the Foot program, in which the New York institution furnishes volumes for films, magazine shoots, private buyers, and, presumably, decorators.”

At first, the idea of simply filling shelves with books that weren’t selected with personal interest in mind and done mostly for decoration seemed bizarre to me. I find shelves of books to be aesthetically pleasing, but it’s because those books represent titles chosen by the owner and is a reflection of their personality and interests.

Then I stopped for a second and really thought about it. Most of the books in our house are out of sight of guests, but there are definitely some spaces where we have some books on display and, often, the books on those displays are chosen in terms of what they represent to others. I’m much more likely to put ten books that I think are impressive on that shelf rather than the last ten books I happen to have read.

Why? On some level, the reason we have many items in our home is to impress others. We want others to see our bookshelves and think, “Wow, that dude… he’s reading some good stuff!” We want others to see our music collections and think, “Wow, she’s got some seriously good taste!” We want others to look at our wall hangings and thin, “Now that’s interesting!” or “That’s so sentimental and wonderful!”

The truth is that if I designed my house solely in a way that made me happy, I’d probably be afraid to invite most people to my house. Sure, I might invite certain people over, but I’d be disinclined to have people over. I would look like some guy obsessed with fermenting foods (as I’d have several shelves with jars of foods in brine) and obsessed with weird overly intricate board games with a taste for really really odd books and a fetish for pens. Honestly, it wouldn’t be very inviting to guests in my home and would create a strong but inaccurate sense of how I want to interact and socialize with people.

Here’s the real question, though: why am I choosing to display some things and not others in terms of decorating my home? Why do I choose a shelf full of books – and why do I have particular books on those shelves? It’s because, in the end, how we choose to decorate our house when we have guests over is part of how we present ourselves to the world, and we want that presentation to be positive. That’s why people often clean up in a hurry when they know guests are coming over – they want to have a nice presentation for the world and not necessarily a fully accurate one – and it’s the same reason why we choose some home decor options and not others.

With that in mind, I started looking around our home at some of the items we have on display for guests to see. We have an expensive china cabinet that looks nice, but we rarely use it. It’s a display case for stuff. There are items in that china cabinet on display that we rarely use, too. I see all sorts of little things on display like that – they’re nice, but do they actually represent much about us? Are they functional in any way?

When I look at our wall hangings, I find that some things really fill me with positive feelings – an old Bob Ross-style painting my great grandmother made that I’ve always liked, another beautiful painting of a glass vase spilled on a tabletop that’s done by my great aunt who is a seriously talented artist, family photos, photos from our travels, some of the books on the shelf, and our toy shelf (because I love that it makes children feel welcome).

Other decorations don’t really feel me with anything. They’re just items bought from a store that do express some sentiment that I agree with, but it’s about as impersonal as that sentiment can possibly be. What does this really express about me or about us? Very little.

Here’s the thing – I want the things that decorate my home to express me in a way that I want the world to see, and the truth is that most of the really effective ways to make that expression aren’t very expensive.

When I look through my house and see the things that are really meaningful, they’re almost all gifts from loved ones or expressions of experiences I’ve had. I have paintings that loved ones have made or photographs or simple reminders of great experiences. Those things are things that are meaningful to me and that I’m happy to share with others who enter my home.

Many of the other things? They’re just… there. They look fine, but they were an investment of money just to fill wall space. They don’t express any real meaning. Simply expressing a sentiment that I agree with isn’t enough; simply looking pretty isn’t enough. There are infinite things that express shared sentiments. There are infinite things that are pretty. Why spend money on them unless there’s something deeper and more meaningful?

Over the last few weeks, I’ve started to change this. I’ve taken down some wall decorations that weren’t meaningful to me (or to Sarah) and replaced some of them, mostly by reusing old frames and putting in photographs of our travels. I’ve started to switch out many of the items that we store in our china cabinet – again, working with Sarah to make sure that I’m not moving anything that is meaningful to her.

What I’m finding, again and again, is that the meaningful things I’m adding are very inexpensive. I’m far happier with a $5 photo in a simple frame or a found item from a trip or a map with tacks on it depicting our travels as I am with an expensive decoration from the Pottery Barn. Why? This stuff means something to me, and it’s something I love sharing with others. It’s also mostly inexpensive because it’s centered around experience and ideas and feelings rather than the material itself.

I get far more value and pride and happiness out of a simple frame containing a photo of a great experience or a great location I’ve been to than I get out of a $50 wall hanging from a home decor store. I get far more value and pride and happiness out of an unusual item my grandmother gave me after one of her travels than I get out of a $100 decor item from Pier One. I’m far more excited to show off a simple plant that came from a start off of a plant that Sarah’s aunt once owned than I am to show off a beautiful vase in the corner. I would way rather display a painting from my great grandmother that I love than a $500 print from a known artist.

If my home decor is meant, at least in part, to show the sides of me that I want to share with the world, then it starts with the experiences I’ve had and with the people I love and with the things I’m passionate about. I don’t find those things in the home decor section at the store, aside from a simple frame for a photograph or another item. I don’t find those things even in an art gallery, as those things are often beautiful and do speak to me, but they’re not by me and for me and ought to be shared with the world.

I challenge you to do this simple experiment. Go through your home and look at everything that a guest might see when they visit. What does that item really say about you and what you value and what you want to share with the world? Yes, some things are there because of functionality, like a couch, and you probably want it to look good, but what is the meaning behind that vase or that hutch? What does it contain that has real meaning for you that you want to share with people who visit you?

You may conclude that most of the items you have on display really are good choices that express what you want to show to the world, but you may come to some valuable conclusions about things you may choose to buy in the future and the changes you may want to make. May those choices be wise ones and in line with the person you really are and what you want to share. Those types of choices tend to be both less expensive and more meaningful, which means they have far more value.

Good luck!

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I Made These Changes to How I Grocery Shop and Now I Save $200+/Month

Sit on Couch, Get Paid: These 3 Companies are Filling Work-From-Home Jobs

For a lot of people, working from home signifies a steadier work-life balance.

Which can be true — if you find the right job (and know how to stay sane).

NexRep, a home agent contract center, offers a number of flexible work-from-home opportunities. Yup. Like the set-your-own-hours type of gigs.

Right now, the company is recruiting independent contractors for three different companies.

However, do note the state restrictions. You can live anywhere in the U.S. — except Arkansas, California, New York, Oregon, Rhode Island and Washington. (Here are some reasons why.)

Before you waste too much time, go ahead and fill out this short form to see if you qualify for any of these work-from-home jobs. From there, you can peruse the job listings.

Now, here’s what’s up for grabs.

1. Grubhub is Ordering Weekend Work-From-Home Reps

If know you a thing or two about how to not leave your couch, you’ve likely heard of Grubhub.

Download the app, and it’ll find food for you and deliver it to your door. It partners with more than 50,000 restaurants across the U.S. and London.

Right now, the company needs weekend warriors to deliver food.

As an independent contractor, you’ll take orders from hungry customers, enter data and document issues.

You’ll need to work at least 20 hours a week sometime between Friday and Tuesday, 12 p.m. to 12 a.m. EST. (You pick!) There’s no cap on the amount of hours you log, though you won’t be paid overtime.

Pay starts at $10 to $11 an hour.

However, you will need to pay for a $25 background check and complete a 30-hour certification before you earn your first paycheck. But after you complete 20 hours of work, you’ll receive a “certification bonus” of $300.

Interested in setting up shop on your couch and making extra money on the weekends? Check to see if you could qualify here.

2. Vroom Needs Customer Care Agents

I mentioned Vroom in an article about buying used cars. It’s an online car-buying platform. (Yeah, you can do anything online these days.)

But the company’s customer care agents don’t need to be car experts to snag a job.

Vroom simply needs people who can answer customer questions and offer warranty and delivery details.

Shifts will be part time — though you must work at least 25 hours a week — and range between 9 a.m. and 9 p.m., seven days a week.

Pay starts at $10 an hour. For more details, check out the job listing. Then apply right online.

3. Priceline is Seeking Customer Support Agents

NexRep is looking for about 75 to 80 customer support agents to help out Priceline, one of the country’s largest travel sites.

You’ll answer incoming calls from customers and assist these folks with questions about lodging and transportation.

The job isn’t necessarily a walk in the park. Think: Multitasking between several applications, researching solutions, speaking with customers, adjusting agendas…

However, don’t fret. You’ll have an opportunity to learn the ropes during the certification process.

The gig is open seven days a week from 1 p.m. to 1 a.m. EST, and NexRep asks that you work at least 10 weekend hours (five hours on both Saturday and Sunday).

In total, you’ll need to work 25 hours a week. But it’s all on your schedule.

And you’re welcome to work more, as long as you schedule hours within Priceline’s hours of operation (1 p.m. to 1 a.m., seven days a week).

Pay starts at $10 an hour.

If you’re interested in working for Priceline, go ahead and check out all the required qualifications, and fill out the job application here.

All these applications are rolling, so these work-from-home jobs remain open as long as NexRep needs more agents.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. She loves working from home, except her cat’s favorite hobby is to sit on her keyboard in front of the computer screen.

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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Uber Drivers Will Soon Be Able to Earn More Money by Giving Rides to Teens

Uber is introducing a new feature that could mean bigger earnings for its drivers going forward.

Soon, drivers with the popular ride-hailing service will be able to earn an additional $2 per ride when they pick up teenagers who book through a new “teen accounts” feature within the app.

Uber began piloting the program in Seattle, Phoenix and Columbus on June 20. If all goes well, will hopefully be rolling the feature out to the rest of the U.S. later this year.

How Uber’s New Teen Accounts Work

Technically, Uber’s rules state riders must be at least 18 years old to use an Uber account. However, the new feature is linked to parents’ accounts through a “family profile.”

After downloading the app, parents can go to “settings” and select the family profile option. An invitation to download the app and join the family profile can be sent to the teens (age 13-17), who will then be able to book and coordinate their own rides. Those rides will be billed using the payment method associated with the parents’ main account.

The base fare for teen account rides will be $2 more than a regular ride with Uber.

Parents are Always in Control

Parents will be notified when a new teen account trip is booked, and will be able to see the driver’s profile, including their name, photo and vehicle details. They’ll also be able to contact the driver directly if necessary.

Ride updates will be sent to parents’ phones throughout each trip, and a live map feature will allow them to follow along in real time.

Teens will not have access to UberPOOL or UberTAXI vehicles, so they’ll never share a ride with a stranger.

Additionally, only experienced drivers with consistently high ratings will be eligible to pick up teens through this new program, which should give parents some peace of mind.

The Bigger Picture

The feature is part of Uber’s “180 Days of Change” campaign, a new project that aims to put more control and a greater earning potential into drivers’ hands.

For the next six months, Uber will change the driver experience in response to requests from Uber drivers across the U.S.

Along with the new teen accounts, the first phase of this initiative brought about several long-awaited features such as in-app tipping and paid waiting times.

What this initiative will look like moving forward remains to be seen, but it seems to be headed in the right direction!

Grace Schweizer 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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How I Earned Thousands of Airline Miles Just for Taking Surveys Online

Whenever I’m binge-watching my favorite show (every night), I wonder if I should be knitting my own clothes or doing sit-ups. Then I get my head on straight and figure if I’m sitting on the couch, why not earn frequent flier miles too?

I joined e-Rewards in 2015 to take online surveys and I’ve managed to rack up thousands of airline miles, along with discounts to Best Buy and a 25-week subscription to the Wall Street Journal.

I do surveys almost every day for just a few minutes here and there, giving my opinion on things like shampoo, vitamins, frozen dinners, cell phone plans, car insurance and sparkling water.

How it Works

It’s simple to sign up using your email address. Create a profile and you’ll start to receive emails alerting you that a survey is ready based on your preferences.

A typical questionnaire starts with basics like state, zip code, age, ethnicity and annu

al gross income. You can pass on any of those questions (“Prefer not to say”) or logout at any time, although you won’t receive the full incentive (you get $0.25 in e-Rewards currency just for trying).

The incentives vary from say, $5 in e-Rewards for a 15-minute survey to $1.50 in e-Rewards for a 5-minute survey. I’ve seen incentives as high as $10 for a 40-minute survey– you’re warned of the time commitment before starting.

In a typical week, I spend about two hours taking surveys but that’s never in one sitting. I might do five or six in a row; other times, I’ll do just one and move on to other things. Some present a short video or lots of columns to read through so you need to be focused. Others, you can speed through pretty quickly.

Get your Goodies

The fun part comes when it’s time to choose rewards: Omaha Steaks, Audible.com, Starbucks, Macy’s, Hertz car rental, Red Lobster and iTunes are just some of the vendors available.

My favorite so far is Alaska Airlines. I travel from New York to Seattle a few times a year and have earned 8,250 Alaska Airlines reward miles. I’ve redeemed $25 in e-Rewards currency toward 500 Alaska Airlines miles several times over the past year, just by filling out surveys. On another occasion, I started a subscription to the Wall Street Journal for 152 issues at $50 in e-Rewards.

Based on my calculations, doing the surveys is like earning anywhere from $10 to $18/hour – not too bad in sweats at home eating popcorn.

Drawbacks

Like any rewards program there are some drawbacks but not many. You never provide your full name so the surveys are anonymous but you will complete them from your home computer, which has an IP address and cookies, so Big Brother may be watching. (You can opt out of Advanced Cookies that track certain information based on your activity.)

Keep in mind your wallet is not going to grow by taking e-Rewards surveys (try some of these ideas to actually earn green). By completing market research questionnaires of varying lengths, you earn “Panel Currency” (that’s what e-Rewards calls its points because you are a panel researcher). And even with one eye on the TV, you need to answer the questions honestly and in good faith.

Some surveys require reading long passages and occasionally the researchers will throw in an “empty” question: “What color is a banana?” or “Choose #3 below” to check that you’re paying attention.

Each survey ends with a feedback form to rate clarity, thoroughness and whether there were technical issues. I find it fascinating the way the questions are arranged and often write constructive notes on how to improve the surveys.

If you’re like me and travel a lot, love dining out, and get giddy with a stack of gift cards on hand, then check out e-Rewards.  I’ve learned about new brands and earned airline miles, all while wearing my PJs.

Jennifer Karchmer is a freelance writer, editor and proofreader. She runs Over the Shoulder Editorial remotely while working from places like Bellingham, Washington; New York City; France and South Africa.

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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Best banking apps of 2017

Best banking apps of 2017

Smartphone apps are fast becoming the most popular way for customers to interact with their bank, but which ones are genuinely ground-breaking, and how safe are they to use?

Barely a month goes by without a bank announcing more branch closures. Some claim that customers prefer to bank on the go – choosing a tap of an app over a trip to the branch – but can a mobile banking app really take the place of face-to-face interaction?

Data from the British Bankers’ Association (BBA) shows that the number of mobile transactions is rising at a rapid pace. Consumers logged into their mobile banking apps a combined 73.8 million times a week during 2015 – the most recent data available – compared to 18.6 million logins a week the previous year. During the same period, branch transactions fell by 6%.

Bank in your pocket

The quality of a bank’s app is becoming increasingly important to consumers, but which ones are the best? Six providers were selected ahead of the rest in the Moneywise Customer Service Awards 2017 category for best banking app. In a poll of almost 50,000 readers, Barclays, First Direct, Halifax, Metro Bank, NatWest and Royal Bank of Scotland were highlighted as offering the best mobile banking experience.

Each offers a wide array of functions including the ability to check your balance, view statements, make payments and see pending transactions.

Some offer more in-depth functionality. For instance, Metro Bank lets you block and unblock your debit or credit card on the move in case you lose it, while NatWest allows you to register your travel plans in advance, ensuring your card doesn’t get blocked while you’re abroad.

Apps can also offer vital assistance to people who would find it hard to make a trip to a branch. The NatWest mobile banking app was redesigned in 2016 to better support visually impaired customers and became the first to be accredited by the Royal National Institute of Blind People.

Money on the move

It’s not just big banks which are looking to make your financial life easier. Apps such as Android Pay and Apple Pay let you add your credit and debit card details and then pay with a swipe of your phone, rather than with the cards themselves. Think of them as a digital wallet. Both apps are supported by the majority of mainstream banks and can be used anywhere that contactless payment is accepted.

There is also a bank that offers its products exclusively through an app. Atom Bank has no branches, telephone service or desktop computer access, so all transactions are done through your smartphone. Users log in and verify their identity with either a PIN, face or voice identification. It is able to offer higher savings rates and cheaper mortgage deals due to its lower costs.

To help keep track of your finances, banking apps such as Monzo are also worth considering. This is an app and pre-paid debit card, which promises to give you greater understanding of your finances. Users load cash on to the card and spend normally, with the app updating in real time to show you what you’re spending, rather than taking days to appear on your statement.

For kids, the Go Henry and Osper apps work in a similar way to Monzo, but parents are also able to track their children’s spending. This gives children some financial independence, but lets parents keep a watchful eye.

Are mobile apps safe?

The number of cases of app fraud is small, but there are still some scams you should keep an eye out for. Make sure you download any apps from the App Store or Google Play to make sure you are getting the real deal. You can find links to these on your bank’s website.

Do not follow links in emails unless you are 100% sure they are genuine as these can be used by hackers to fool you into downloading fake apps.

The BBA has also warned about the dangers of ‘SIM swap’. This fraud takes place when a criminal impersonates a customer and requests a new SIM card from their mobile provider. The fraudster then uses this new SIM to reset online and mobile banking passwords in order to steal personal data and raid their bank accounts.

On the whole, apps are no less safe than any other forms of banking – just make sure to keep you passwords and account details protected.

Moneywise team pick: First Direct

RACHEL LACEY

I’m a big fan of First Direct – the service in its call centres is fantastic, making telephone banking a breeze. However, I don’t always want to phone up to check my balance or make a payment, and that is where banking apps come into their own.

For some time I thought First Direct’s banking app was its big weakness: I couldn’t do everything I could with internet banking and logging on with a code that needed to be generated every time I used it was a faff. It was easier to lug out the laptop than struggle with my phone.

That has all changed since the introduction of new features including fingerprint log-in, which allows me to access my account instantly, and the ability to set up payments to new people. I can also set up, cancel or amend standing orders and cancel direct debits in addition to moving money and seeing all my recent transactions.

Moneywise team pick: PayPal

MARK STAMMERS

It’s a pain having to input your card details into a website when you make a purchase, especially if you’re viewing the site on a smartphone or tablet. There is also the worry that the site may not be as secure as you hope, and the more often you share your details and set up passwords the greater the possibility you may become a victim of fraud. That’s why I’m always happy when I see the site accepts PayPal.

With PayPal, I can either pay with funds deposited with it or route the payment through to my credit card or bank account without sharing the details with the website vendor. PayPal will also pay the vendor, but not take the money from my account until the ordered item has arrived, protecting me from being scammed.

You can also use PayPal to pay in some restaurants, so no worries about your credit card being skimmed. Lastly, you can send money directly to friends who also have PayPal accounts. This avoids having to give out your bank account details over email or text message.

But remember that PayPal purchases aren’t covered by Section 75 of the Consumer Credit Act. This is available on all credit card purchases for items costing between £100 and £30,000 and protects you in case something goes wrong, such as the retailer going bust. PayPal purchases, like those made with debit cards, do not offer this protection.

Moneywise team pick: Monzo

EDMUND GREAVES

Ask my colleagues here at Moneywise and they’ll tell you I won’t stop banging on about my Monzo card and app. Indeed it has gathered something of a cult following, at least among my peers. Even the flashy ‘hot coral’ card tends to draw comments whenever I use it.

I grew very tired of using my current account’s app and online banking for tracking my spending. It would take days to update or show the correct balance, what the payment was often wouldn’t be clear, and logging into it is an onerous process with multiple layers of security. Not so with the Monzo app. The app gives me an immediate notification when I spend and clearly categorises what that money was spent on. If nothing else, it has taught me I spend too much on eating out!

The card itself is excellent for use abroad and does not incur any fees whatsoever. A flaw in the Monzo system, perhaps, is that the app does not require any security to access other than standard security on your phone. However, there are security benefits too. If you were to lose your card, you can put a temporary ‘freeze’ on it until you either find the card or confirm it is gone.

Nominees for best banking app

  • Barclays
  • First Direct
  • Halifax
  • Metro Bank
  • NatWest
  • Royal Bank of Scotland

Winner to be revealed in August’s Moneywise magazine.

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A dozen tips on downsizing

A dozen tips on downsizing

Moving to a smaller property is certainly an option as you head towards retirement, making daily life easier and freeing up some cash.

If you’re an empty nester thinking of downsizing, then the thought of leaving the home you have lived in for many years can be daunting. Here, Moneywise has listed top tips from two property experts.

Property choice

Terry Holmes (TH), director at Beresfords estate agency, advises:

  • If you’re a retiree, consider buying a new-build property, which means your home will be virtually maintenance free.
  • Sometimes families also decide to downsize, perhaps due to a redundancy or divorce. Try to remain positive and don’t look at it as a step back, but think of it as an opportunity to start a different path.
  • A good idea is to look at property with space to extend at the back or side, which will help you get back that lost space in the future. James Greenwood (JG), managing director of property finders Stacks
     
  • House prices up by £3,500 month-on-month

Property Search, adds:

  • Don’t just consider your needs as they are now, but make sure it will suit you, or can be adapted, when you become less active and possibly less mobile. Psychologically, think of this as a new step forward, not the last property step – a feeling that can often deter downsizers.
  • Don’t overlook practicalities that might become necessary later in life such as security, a porter, offstreet parking and minimal steps.
  • Try not to re-create exactly what you had on a smaller scale. Think of it as a new start and an opportunity to live in a different way.
  • Don’t rule out the possibility of moving on site with family. Some of the most successful arrangements are where grandparents have an annex or separate accommodation. The best arrangements are where each family unit has its own access, is self-contained in terms of kitchen and bathrooms, and where living together etiquette is established early on.
     
  • Regulator to investigate interest-only mortgage market

Location

For many, downsizing will be their last property purchase, so do your homework and make sure you’re buying the right house in the right area. (TH)

  • Consider the area you want to move to. A development with a community feel will give you the chance to meet a wide range of people and make new friends. (TH)
  • Before you start planning the ‘what’, establish the ‘where’. This is by far the most important aspect of your move. Moving near family is frequently a sensible move, but don’t discount the fact that moving away from an established social life will be a wrench. Consider the demographic of the new area. (JG)
  • Remote tends to be a bad idea in later life. More and more retirees are choosing to live in towns and busy villages. A central location, within walking distance of everything you need day to day, can be a great choice. (JG)
     
  • Remortgage to cut your monthly payments

Fitting into your new property

  • Consider what items you want to take with you and what you can sell, auction or give to charity. The ‘clearing’ process after many years in one house can be very hard, but it’s essential to make a good move into a smaller property. (TH)
  • When you are house-hunting, check the floor plans to see if your current furniture will fi t or whether you’ll need to buy new. (TH)

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