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الخميس، 26 أكتوبر 2017

10 Terrifying Fears We’ve Had About Credit Cards (And How to Ease Them)

Hints of Halloween have hung in the air this entire month. Which puts me on edge.

Yes, I’m a scaredy cat. But also, I’m not fond of little boys in Jason masks running up behind me with a T-ball bat in hand. Standing. Staring. Saying nothing. (Yes, this happened a few weeks ago, and I’m still spooked.)

Then there’s the wisps of ghosts and goblins my neighbors have suspended from their trees and porches. A slight breeze always catches them as I walk the dog around the block at night.

Then there’s credit cards.

WalletHub recently explored folks’ fears — on a financial level. It surveyed 530 people (so, no, it’s not totally representative) to rank the five scariest aspects of credit cards. These include:

  • Fraud (33%)
  • Interest rates (31%)
  • Overspending (19%)
  • Losing them (11%)
  • Fine print (5%)

We decided to rank our own credit card fears because, yes, they’re so real:

Our 10 Greatest Credit Card Fears — Exposed

Warning! Reader discretion is advised. You’re getting a glimpse into a Penny Hoarder’s brain here, deepest paranoias and all. It gets graphic.

  1. Not paying card(s) off in time. Even though we’ve set up automatic payments. And those automatic payments have proven to work for months now. We still have to double and triple-check that, yes, our card is paid. Or we might just opt to manually pay the balance off before it’s due, because why risk it?
  1. Sleep-talking to Alexa and ordering 100 useless items. Or: Getting a little tipsy one night and taking Zappos by storm. (Seriously, this happens.)
  1. Watching our credit scores drop by hundreds of points. Even though we’ve been perfectly responsible spenders. (I’ve had at least two nightmares about this, waking up in a cold sweat.)
  1. Scrolling through our statements, only to find a dozen random charges made across the country. Which then requires sitting on the phone with the credit card company (the horror!) explaining that, no, we did not buy a Nutribullet or rent a $500 professional carpet-cleaning machine thing. (True stories.)
  1. Finding our rewards points gone. Vanished. Into thin air. Without a trace. We’d been saving those to pay for our next vacation!
  1. Missing something in the fine print and finding out we’ve signed our lives away to insane fees. Because even though we should hang onto every word in the fine print, confession: We don’t.
  1. Signing the drink receipt at the bar and sliding it back to the bartender, with our credit card still with it. We’ve basically just invited them to have some fun on our tab. And now we have to hang out heads in shame as we tell the credit card representative we lost our card at 1 a.m. Yes, you’ve guessed what we’ve been up to…
  1. Getting approved for a higher credit limit. At first, this sounds awesome, but it’s also terrifying, because are we really that responsible? That’s a lot of power.
  1. Forgetting to let the credit card company know we’re traveling and feeling embarrassed and helpless when the waiter lets us know the card doesn’t work. We totally, definitely have money. We swear!
  1. Having your card rejected at the grocery store. “Let me try again. I swear I’ve paid it off.” And it doesn’t work. And the machine keeps buzzing in that disapproving way. And the line behind us stacks up. And we start sweating.

How to Ease Some of These Credit Card Fears

Since signing up for a credit card, I’ve taken a few precautions to ensure I keep my finances on track — and remember to pay my card off each month.

Let me share.

1. I Keep a Close Eye on My Credit

I didn’t check my credit score until after college. But now, I’ve built this simple task into my monthly routine.

I use Credit Sesame, a free service that gives me my score and delivers a graded credit analysis. This helps me see what I can do to improve my credit score. It also notes my accounts with negative marks as well as my total debt balance.

I’ve also set up monthly notifications, so if anything looks off, I’ll get an email.

2. I Signed Up for Spending and Payment Alerts

Sometimes I just need a gentle nudge, which is what Trim offers.

Trim is a cute little robo-advisor that’ll outline all your transactions. You can sort them by the most recent or the largest.

I’ve also set up personal alerts. Through Facebook Messenger, Trim notifies me when it’s payday (yay!), if I’m facing any overdraft or late fees or if there are any large transactions (over $100). It’ll also notify me if my credit card usage is too high or send me balance updates.

I can also add personalized reminders, for say, when utilities are due, so I’ll never forget.

Thank goodness for robot reminders, or else I’d probably have way more nightmares about my credit score plummeting — just like my heart does when a seemingly innocent trick-or-treater rings my doorbell.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. You just got a deep look into the inner-workings of her brain. That, in of itself, is slightly scary.

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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Take Control of Your Cards With The TSD Credit Card Tracker

Credit cards are powerful tools that can help you build, improve, and even restore your credit score (which is increasingly important in today’s economy). The key is to use them correctly. And unless you have a ton of experience, managing all the aspects of your credit can be overwhelming.

Say hello to The Simple Dollar’s Credit Card Tracker. If you have at least one credit card, this customizable spreadsheet will help you keep track of your credit utilization, fees, and your overall financial health. It will also help you stay on top of credit card signup bonuses and organize your spending to help you earn bonuses and maximize rewards!

Mad About Proposed National Park Fee Hikes? Here’s What You Can Do About It

Thinking of visiting some national parks on your big family road trip next summer? You may end up needing to expand your budget.

Earlier this week, the National Park Service announced plans to increase peak season fees at 17 of the most frequently visited national parks — primarily those in the western United States.

The revenue from these price hikes, which the National Parks Service estimates will be around $70 million each year, will be used to repair and improve infrastructure and accommodations including roads, bridges, bathrooms and campgrounds, along with other visitor services.

The New Cost of Visiting These National Parks

Starting in 2018, the National Park Service intends to raise per-vehicle entrance fees by as much as $45, while per-person fees will go up by as much as $20.

Currently, the National Park Service charges a year-round entrance fees of $25 to $30 per vehicle, $10 to $15 per person on bike or foot or $12 to $25 per motorcycle.

If implemented, the new peak-season entrance fees would come in at $70 per vehicle, $30 per person or $50 per motorcycle across the board.

Park-specific annual passes will jump from anywhere between $35 and $60 to a flat $75, both during the peak season and not.

Peak season for 16 of the national parks in question runs primarily through the summer months, while Joshua Tree National Park has a peak season that lasts from January through the end of May.

The Push to Preserve the Parks

Perhaps anticipating backlash, the U.S. Secretary of the Interior, Ryan Zinke, stressed that the price hikes and subsequent improvements are vital to the long-term health of our national park system, saying that charging higher fees at the parks “will help ensure that they are protected and preserved in perpetuity.”

“We need to have the vision to look at the future of our parks and take action in order to ensure that our grandkids’ grandkids will have the same if not better experience than we have today,” he continued.

In the same statement, the National Park Service noted that out of 417 park sites under the National Park Service’s jurisdiction, only 118 currently charge entrance fees — and that out of those 118, only 17 will be affected by the proposed rate hike.

Additionally, the National Parks and Federal Recreational Lands Pass, which grants entrance to all federal lands for a one-year period, will remain at its current price point of $80.

Your Opinion Counts!

Still, while the National Park Service sees these rate increases as a necessary step in protecting the future of some of the country’s most visited parks, many people have stepped up to voice their concerns.

Some argue the new rates will price many visitors out of the parks, while others blame the $1.5 billion in cuts being made to the Department of the Interior’s budget.

Whether you object or agree with the National Park Service’s new plan, though, it wants to hear from you.

Those who want to make their opinion on the matter heard are being directed to a comment form that opened on Oct. 24 and will close on Nov. 23.

If you prefer the more old-school, snail-mail method, comments and opinions can be sent to: National Park Service, Recreation Fee Program, 1849 C Street, NW, Mail Stop: 2346 Washington, DC 20240.

They’re your parks, people — let your voices be heard!

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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Trick or Treat! Make These 5 Halloween Party Treats for Less Than $5

Most of Us Don’t Get Enough Sleep, and It’s Costing Us — Literally

How tired are you right now?

If you’re like many people, you’d probably like a nap and may even be chronically overtired.

A new survey from Glassdoor says 74% of us get only 6.9 hours on work nights – not the seven to nine hours per night healthy adults need.

School, hectic work schedules, fussy babies, stress and a myriad of other things contribute to sleep debt. Even working from home can take its toll on the amount of sleep we get.

To make matters worse, advice on becoming more productive often centers around getting up earlier in the morning to get more out of your day.

In fact, rising early to prove your ambition is quickly becoming an unhealthy competition. It’s not enough anymore to get up at 6 a.m. or even to pop out of bed at 5 a.m. Now some people boast about waking up at 4 a.m to get a start on their day.

What’s next? Sleep standing up in the corner from 1 to 1:45 a.m.?

Getting up before the roosters is fine if you’re going to bed early enough to get the recommended hours of sleep, but many people don’t do that. After all, Netflix isn’t going to watch itself.

If you need a nudge to get a good night’s sleep, how about this.

A chronic sleep deficit can cost you big bucks.

How Sleep Deprivation Costs You Money

There are lots of little ways that sleep debt adds up to monetary debt. For instance, we’re more likely to order takeout for dinner or shop at expensive convenience stores when we’re overtired.

But a chronic sleep deficit can also impact your wallet in bigger way.

“Study after study has revealed that people who sleep poorly are at greater risk for a number of diseases and health problems,” the Division of Sleep Medicine at Harvard Medical School says. That can lead to ongoing and expensive health care treatments, and huge medical bills are no joke.

Sleep deprivation can also adversely affect your work performance, which could get you passed over for promotions and raises.

In fact, “the negative effects of sleep deprivation are so great that people who are drunk outperform those lacking sleep,” writes organizational psychologist Travis Bradberry. Not a good look if you want to move up the company ladder.

Driving while drowsy also increases your chances of an auto accident. According to the National Sleep Foundation, around 100,000 crashes each year are a direct result of driver fatigue. Car repairs, moving violation fines and increased insurance premiums can take a huge toll on your budget.

How to Get a Good Night’s Sleep

Keep these tips in mind to get the best sleep possible and wake up feeling like you’ve won the lottery.

  • Stay away from your television, smartphone and tablet for at least an hour before you turn in. The light they emit is proven to promote wakefulness.
  • Make your bedroom a sanctuary with great bedding, comfortable pillows and light-blocking drapes.
  • Consider turning on a white noise machine to drown out noise that might keep you awake or interfere with sleep. Or try a free white noise generator app from GooglePlay or Apple’s App Store.

Lisa McGreevy is a staff writer at The Penny Hoarder. She’s perpetually exhausted so do as she says, not as she does.

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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Your Rent Is Expensive AF, Another Study Just Confirmed. Here’s How to Deal

For too many Americans, rent is still too high. So high that writing the rent check can cause panic on a monthly basis.

According to Apartment List’s annual survey of more than 41,000 renters, 18% of tenants couldn’t pay all or some of their rent within the past three months. For low-income renters — those who make less than $30,000 per year — 27.5% reported they didn’t pay their rent in full at least once in the past three months.

Apartment List’s data showed that 3.3% of renters surveyed have been evicted in the past, and 2.4% were evicted from their last residence. While those rates seem small, they indicate a larger problem.

With approximately 118 million renters in the U.S. today, Apartment List estimates that 3.7 million Americans have been evicted at some point.

Apartment List housing economist Chris Salviati, the report’s author, noted: “If we assume that some share [of] respondents fail to report informal evictions, this estimate is most likely understated.”

Salviati wrote that the eviction process can be expensive, “making it difficult for the evicted to get back on their feet, and having an eviction record can make it extremely difficult to find future housing.”

Previous Apartment List research found that rent prices have risen faster than wages. And although coastal areas tend to have higher rents, they also have stronger job markets and higher median wages that offset the rent, Salviati explained. That income reduces the rates of eviction in those areas; in addition, the rental markets in those coastal metropolitan areas are so competitive that people who struggle to pay rent would have a hard time initially obtaining an apartment in those areas.

Apartment List also points out that eviction rates are particularly high in the areas that were most profoundly affected by the foreclosure crisis almost a decade ago. We often talk of a recovering economy, but housing access in some of those hardest-hit areas is still a major obstacle.

How to Deal When the Rent is Too $#&! High

If you feel strapped for cash with the first of the month looming, check out this list of ways to make a few bucks in a flash.

Not sure where to turn for more help paying rent? Dial 211. It’s United Way’s hotline that provides information about rental assistance and other housing programs. The hotline is free and confidential.

If you need something to make the next few months easier, think about getting a roommate. Roommates can come with their own idiosyncrasies, and sharing your personal space isn’t necessarily fun, but if it can help you — and another person — get ahead financially, it may be worth the sacrifice.

And you can always commiserate with other renters. Really, the rent is too high for most of us these days.

Lisa Rowan is a senior 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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Commercial Break? You Can Make These Money Moves Before the Show’s Back On

Quick!

It’s a “Wheel of Fortune” commercial break.

You know what that means: It’s time to immediately ignore the TV, dig your phone out of the couch cushions and start aimlessly scrolling.

Unless that adorable Subaru commercial comes on; then you’ll stop and watch.

Otherwise, it’s scrolling. It might even be how you landed on this article. So, kudos to you.

Want to improve your finances throughout the next few commercial breaks?

Believe it or not, that’s totally possible with these simple money tips.

Pat Sajak just sent us to the first commercial break, so, quick, let’s do this thing.

1. Take a Peek at Your Credit Score

Your credit reports are basically the Holy Grail of your finances — and your life.

Financially, they can influence many of your big life decisions, like buying a house or a car. These decisions can become a whole lot more difficult if your credit reports have an error.

This is easy to prevent, though, especially if you just check in on your credit reports (you’ve got three major ones) every so often.

One option is to use a free app like CreditWise® from Capital One®. There, you’ll get a free TransUnion® credit report, which you can review for signs of error, theft or fraud. It’ll even give you personalized suggestions to help you improve your credit score.

OK, back to “Wheel of Fortune.” Can I buy a vowel?

2. Open an Investing Account

Dang it. That contestant definitely shouldn’t have bought a vowel. Instead, he should have invested the money.

With a micro-investing app like Acorns, this seemingly overwhelming personal-finance move becomes super simple.

Just sign up for an account and you’ll get a free $10 to start investing. It’ll walk you through the process and even explain some tricky concepts in a way that’ll leave you with enough brainpower to solve the next “Wheel of Fortune” puzzle.

3. Earn Money Back on Your Dinner

If you’re like me, your commercial-break scroll sessions are usually done with one hand on the phone and the other eating that evening’s couchside meal.

While you’re at it, grab your receipt from your latest grocery haul. (And, if you’re even more like me, it was earlier that evening. Meal-planning is my weakness.) Now download Ibotta, check off the items you bought and earn cash back.

Here are some deals available right now:

  • $2 back on Listerine
  • $2 back on Nutella
  • $3 back on Bud Light
  • 25 cents back on any variety of potatoes

Plus, when you claim your first cash-back offer, you’ll bank a $10 bonus.

Stay tuned for more.

4. Negotiate Your Cable and/or Internet Bill

You’re laughing, aren’t you? No way your cable provider will even take you off hold during a commercial break.

Well, there’s no need to pick up the phone. Install Trim, a little Facebook messenger bot that’ll negotiate your cable or internet bills down for you. It works with Comcast, Time Warner, Charter and other major providers.

You can sign up simply with Facebook, then upload a PDF of your most recent bill, and Trim’s AI-powered system gets to work — freeing you up to get back to Facebook for some quick lurking. Just until the show’s back on.

Oh, and if at first Trim doesn’t succeed, it’ll keep negotiating until it can save you some money. (If it saves you any money, it takes 25% of the savings tab.)

Vanna, I’ll buy a vowel now!

5. Score Cash Back on Your Latest Online Orders

At this point in the show — you know, toward the end, when you’re really invested and you’re on the edge of your seat waiting to see the final puzzle — the commercials become more and more frequent. Ugh.

But that’s OK today, because now you can find out if Amazon, Walmart or other retailers owe you any money on your recent orders.

Earny is another adorable bot. Connect your inbox, and he’ll take a look at your recent virtual receipts then search for price drops. If Earny spots one, he’ll claim the difference on your behalf, and you’ll find the amount back on your card.

Back to you, Vanna.

6. List Your Unwanted Belongings For Sale

This one might require you to leave the couch, but stick with me.

If you have a lot of stuff sitting around — clothes, appliances, you name it — but want to embrace that minimalist lifestyle, try listing some items on an app like Letgo.

It’s super easy. Download the app, sign up with Facebook or an email address, then take a photo of your product.

Shoes? Great. Once you capture the best angle, post it for the price you want — or mark it negotiable. You’re free to add more details or photos, but, in all, it takes about two minutes.

Have a bunch of movies or CDs collecting dust on a shelf? You’re probably staring at some right now next to the TV.

Well Decluttr will pay you for them!

Decluttr buys your old CDs, DVDs, Blu-rays and video games, plus hardware like cell phones, tablets, game consoles and iPods.

Just download the app and start scanning the barcodes on your media to get immediate quotes. It’s completely free to use, there are no listing or seller fees, payment is super fast and there is even free shipping.

Plus, enter PENNY10 at checkout to get an extra 10% for your trade-ins!

And if you didn’t have time to list those old golf clubs? No worries. “Jeopardy” is up next! What are “money tips” for 500?

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. Yes, she actually watches “Wheel of Fortune.” You could even say she gets wheely into it.

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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46 (Kinda) Ridiculous Things Only True Penny Hoarders Will Admit to Doing

Who here is a Penny Hoarder?

Raise your hands.

Well, I have news for you. All those money-saving behaviors you catch yourself doing — you know, the ones that elicit heavy eye rolls from your partner, or sighs from the person behind you in the checkout line — well some folks don’t consider those practices 100% “normal.”

(But also… what’s normal nowadays?)

Stick with me while I do my best Jeff Foxworthy of Finance impression.

You might be a true Penny Hoarder if…

  1. You secretly wish the person checking out in front of you at Target would slow down so you can have an extra minute to scan your items in the Target app to check for savings.
  1. You find a quiet spot in the back of the grocery store so you can scroll through Ibotta and make sure you haven’t missed any cash-back opportunities.
  1. You plan your family holiday visit around the cheapest dates to fly.
  1. You know which dates are cheapest to fly because you’ve been tracking fares on Hopper or Google Flights for months now.
  1. You walk straight to the clearance section of any store. And no wandering. You know right where to go. (Nope, you don’t even so much as glance Target’s dollar section because you know whatever you want will end up costing $5.)
  1. You rush to pile your groceries on the checkout belt at the grocery store so you can get to the receipt screen to make sure the computer catches all your BOGO deals and registers all your coupons.
  1. You assume that because you missed Free Museum Day, you’ll have to just wait another year for the opportunity to visit.
  1. You spend the entire month of October scouring thrift stores for the pieces to a perfect Halloween costume, because you refuse to spend $60 on a cheap, generic costume.
  1. You think free food tastes so, so good.
  1. You determine your date-night outing based on where you can get money back through the Dosh app.
  1. You know what “Swagbucks” are.
  1. You understand that incredible floating feeling that occurs when you dig up a real gem at T.J. Maxx or HomeGoods.
  1. You don’t hesitate to call retailers to get a refund because that two-day shipping you opted for turned into three days. Or you’re ahead of the game and just use Paribus.
  1. You cut open your lotion bottles, makeup containers and condiment containers to get every. last. drop.
  1. You won’t let anyone throw or give away their belongings until you’ve had a chance to determine if you can use them — or sell them on Letgo.
  1. You cut the cord. (And you realize this doesn’t have to do with childbirth.)
  1. You cash out on any relevant class-action lawsuits, even if you’ll only get $2 in the mail. Totally worth it.
  1. You don’t hesitate to return expired food to the grocery store.
  1. Your banking app is the first icon on your phone’s home screen.
  1. You check your credit score perhaps a little too often. (But, really, is that such a thing?!)
  1. You search for coupons on Ebates before you buy anything online.
  1. You’ve spent hours watching videos just to score a dollar on InboxDollars.
  1. You order a large pizza for yourself then eat the leftovers throughout the week because, according to math, it’s cheaper that way. Plus, it’s pizza.
  1. You have a side gig.
  1. You have a side gig with UberEats, and you’re always tempted to sneak a french fry out of the customer’s to-go box. But you don’t. Instead, you just secretly hope they won’t answer the door so you can just have it all to yourself.
  1. You refuse to believe your utility bill is that expensive, so you send it off to BillShark because you know they’ll negotiate it for you.
  1. You enjoy investing. As long as it’s the micro-type.
  1. You don’t hesitate to pay for something with a discounted gift card you snagged off Raise.
  1. You pay with a credit card — but only so you can earn points.
  1. You’ve rummaged through the trash to find an old receipt because you’re not missing out on any cash-back offers from Ibotta.
  1. You always ask about student discounts, even if you did graduate five years ago… Shhh
  1. You’ve taken an online survey to earn 50 cents.
  1. You’ve participated in a clinical trial.
  1. You once canceled a margarita order at the bar after realizing it didn’t serve the Ibotta-approved tequila. What’s the point, if you can’t get cash back?
  1. You’ve walked into Target, filled your cart with miscellaneous goods, then retraced your steps, put each one back on the shelf and quietly left.
  1. You celebrate Christmas with your S/O on Jan. 25 so you have a chance to hit up those after-Christmas sales.
  1. You have four different razors stacked on the side of your tub because they were all a dollar.
  1. You realize mystery shopping doesn’t require you to dress up as a detective.
  1. You choose your bank account based on bonuses.
  1. You save the boxes to anything tech-related because you know it’ll increase the item’s resale value when you go to sell it on Decluttr.
  1. You refuse to buy raspberries this week because you’re bitter you missed last week’s two-for-one sale.
  1. You look forward to the holidays mostly because you know folks will leave town and need a pet sitter. (Hey, leave the kids behind, too. That’s fine. You’ve got it. Just pay me more.)
  1. You aren’t afraid to claim a freebie — no matter what it is — online.
  1. You are a big fan of warehouse clubs and will never buy toilet paper anywhere else.
  1. You know the difference between being frugal and being cheap. Yes, there’s a big difference.
  1. You pick up any stray pennies on the sidewalk — even if they’re face down and look like they were minted in 1910.

Carson Kohler (@CarsonKohler) is a junior writer at The Penny Hoarder. She’s able to tick off nearly every item on this list — except the stray pennies one. She just really doesn’t like germs.

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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11 Strategies for Low-Cost Professional Development

Monique wrote in with a good question that quickly grew far beyond the boundaries of the reader mailbag (as good questions often do):

What do you do as an independent writer/content creator for professional growth? And how do you do it inexpensively?

First of all, it’s worth noting that, because of the niche that my writing tends to occupy, a lot of my professional development overlaps with personal development. This is somewhat true in every field, but it is stronger for someone who (tries to) work professionally on things that have personal impact.

Here are the big things I do myself for professional development.

I read, constantly. I’m pretty much always reading a book on personal finance or some aspect of personal growth. I read books about money, books about time management, books about investing, books about philosophy, books about psychology, books about writing, and so on. I try to read them deeply, too; I take notes on what I read and try to come up with ways to start using the things I learn about as soon as possible.

I listen to podcasts and audiobooks whenever I’m driving anywhere alone or when I’m walking or exercising. This is just an extension of the reading strategy, mentioned above.

I have a list of longer-term career goals that I’m working toward, and I put some effort most days toward achieving at least one of them. I have a few really big ideas for what I want to do in the future, so I take time each day to work toward those things. Those ideas stretch me beyond what my normal day-to-day efforts are like. Sometimes, those long-term ideas don’t pan out, but I’m always glad I worked toward them because I virtually always see some benefit for having put in the effort.

I talk to other people who do similar things. I know two people locally who are freelance writers and I communicate with them quite often, meeting them for coffee on occasion and pinging them online on what seems like several times a day. They’ve gone from being acquaintances to professional associates to friends over the course of the last several years. I also communicate online with other people who are freelance writers who work from home. In all of those cases, we are constantly swapping ideas and strategies.

Those are strategies I use pretty much every day in my current role as a self-employed writer. However, in my previous role as a research assistant, I used quite a few additional strategies that worked well in the environment of a large organization, which I’ll get into in a moment. Professional development and growth has always been important to me.

Here’s the catch, though: a lot of professional development and growth strategies are expensive. It’s not cheap to go to conferences and conventions. It’s not cheap to constantly buy books. It’s not cheap to attend seminars. It’s not cheap to work toward a college degree in your spare time.

The reality is that cost is an extremely important factor in making professional growth and development decisions, especially early in a career where income may be lower and expenses such as student loans and expensive rent are draining away what little money you do have.

So, what avenues does one have for professional development and professional growth when money is tight? Here are 11 strategies I used, both in my early career when I worked in a more traditional environment and money was very tight and today when I work independently at home and I choose to be very mindful of my dollars.

Set some longer-term career goals so that you can see what you’re working toward. Spend some time to evaluate where exactly you want to go in your career. Are you on a career path you’re happy with? If you are, where do you want to be in five years or 10 years, and what can you do to start going there? If you’re not on a career path you’re happy with, what’s your path to get to where you want to be and how can you leverage your current opportunities to help you get there?

Those are questions you should be asking yourself frequently. Not every single day, mind you, but frequently enough that your plan changes based on what kind of progress you’re making and how your actual life and goals are changing over time.

I tend to do it about once every three months – I sit down for a thorough professional and personal assessment of my life and think about what I want to achieve in the next three months, the next year, the next several years, and the rest of my life. Doing that kind of deep, reflective thinking virtually always points me toward setting really meaningful goals that I’m excited to work toward, and that provides the motivation for me to actually do the extra steps I need to do in personal and professional development.

In other words, professional and personal development is much easier to do when you’re motivated, and thinking about your future and setting goals you’re excited about is a powerful motivator that costs you nothing more than a few hours every few months.

Request professional feedback at work and use that feedback as a checklist to improve. If you have any sort of employer, whether it’s an actual boss in your office environment or someone you’re contracted to work for, it never hurts to ask that person for honest feedback on your performance. What do you do well? What do you do not so well?

(Remember, when you’re asking those questions, you’re asking for a mix of positive and negative feedback, so you should expect that kind of feedback with the understanding that the person giving that feedback is not trying to be cruel. They’re trying to be helpful.)

Take that feedback and use it. Don’t dwell too much on the positive stuff – just use it as a reminder that you’re probably in a solid place. Instead, focus on the criticisms. What things can you take from those criticisms to improve your performance without undermining the things you’re already good at?

Those items, along with the deep thinking about your future career, should give you lots of pointers toward areas where you should be working on your professional development. Now, how do you actually do that work?

Make a daily commitment to reading (and taking notes) on material related to your field and to better professional performance. This should be a standard part of professional development in almost any career path. There are always areas in which you can be improving, and there’s a very good chance that there are books and/or papers out there that can help you improve in those areas.

Make a daily commitment to reading something related to the areas where you want to improve. Read an article in a respected publication. Read a chapter or a section of a book. Whatever it is, read it slowly, reflect on what you’re learning, and stop and look up terms and phrases and ideas you don’t know as you go so you’re not lost.

Keep a notebook near you so that if you read something interesting that you can take action on or something that merits further thought or something you’d like to come back to, you can quickly write it down. When you’re done reading, write down a sentence or two (or more, if you feel it’s necessary) summarizing what you read and what the important parts were. If you have some specific things you can take away and use, write them down as well.

The cost here is minimal, since you can get almost unlimited books from your local library and the cost of a pen and a simple notebook is trivial.

If you prefer listening, find high-quality podcasts and course lectures related to your field, listen to them, and make note of the key ideas. Reading is incredibly useful because of the convenience of taking notes, but sometimes you’re in a position where sitting down with a book isn’t convenient. Maybe you’re exercising, or you’re driving somewhere.

In those cases, make an effort to listen to things that are meaningful to your professional development: podcasts related to your field, audiobooks related to your field, and so on.

It can be difficult to take notes when doing this. Whenever I hear something noteworthy, I usually stop the audiobook or podcast and use the voice recording app on my phone to take a verbal note, and then I copy them down later in my notebook. It works well for me.

Again, this has very little cost. You likely already have a smartphone, which likely has a free podcast discovery and listening app on there. You just need to find podcasts related to the areas you want to develop. Your local library likely offers audiobooks, both digitally and in physical format, which you can transfer to your phone and listen at your leisure.

Form or join a professional learning community, locally or online. Some people find it particularly effective to learn material together, through discussion and face-to-face interaction. One way to facilitate that is to join a professional learning community, one dedicated to professional growth in the area or areas you’re interested in.

Once you’ve identified some areas in which you want to develop professionally, look for some groups that you might be able to join that are focused on those areas. You can look online for Facebook groups to participate in, for example; if you’re looking for offline groups, I suggest taking a look at the offerings at meetup.com.

What if you can’t find such a group? Consider starting one yourself. Look for a small number of people that you know professionally that might be interested and just start a small group where you meet up either face-to-face or online to talk about professional development ideas. Perhaps you could facilitate a “book club” where you all read the same book and talk about the different takeaways you had, or maybe you could take turns leading a discussion on a particular topic. Just find something that you’re comfortable with that others would find useful and engaging.

Put those new ideas you’re learning into practice as often as you can, as soon as you can. When you’re reading and listening to material related to professional or personal development, you’re going to be bombarded with ideas. While it’s great to have those ideas in your head, the magic happens when you actually use those ideas in some productive fashion.

If you’ve followed the above two strategies, you’ve probably dotted down some specific actions you can take in order to improve your professional performance. Make a point of actually carrying out those actions – transform something you’ve noted into something you’re doing.

For example, if you’re learning about a new programming methodology, try to use that methodology on a small project at work. If you’re learning about techniques for effective communicating, put them to work during a meeting or during water cooler talk at work.

If you’re not taking those ideas and transforming them into action, you’re just reading and not growing.

Use new skills and ideas to build things in your spare time that you’ll actually use. You don’t have to limit the use of your new skills and ideas to the workplace, either. Don’t be afraid to look outside of your primary employment to find ways to utilize the professional skills and ideas that you’re learning.

Perhaps you can use your newfound communication skills within the service of a community group. Maybe you can use your web development skills in the service of a civic festival. Perhaps you can use IT skills to help out a local nonprofit.

The advantage of this approach is that it allows you to cultivate skills that you might not be able to directly use at work. You’re solving new problems in new ways, and there’s often less of a drawback if you don’t produce perfect results (due to using and refining new skills).

Join a professional organization related to your career path and try to get maximum value from the benefits. Many professional organizations provide great opportunities for professional growth. They offer publications and other resources that make it easy for you to continue to grow within your field.

The only catch, of course, is that many professional organizations can be pretty expensive. Many professional organizations have a rather significant annual cost in order to be a member, though that membership does afford access to publications, resources, meetings, and other tools.

One way to reduce that cost is to look into membership through your workplace. Perhaps your workplace offers a group discount, or even subsidizes the membership of employees.

Another avenue to examine is whether or not the discounts that you might get from professional organization membership might provide enough savings for you to justify the cost of membership.

In either case, if you can find a low-cost avenue for participation in a professional organization, do so.

Of course, if you are a member, it’s well worth it to make sure you’re taking advantage of the benefits. Make sure you’re receiving and reviewing the publications, taking advantage of online resources, participating in forums, going to conferences and other meetings when you can, and simply squeezing every ounce of value from your membership.

Evaluate what workplace resources are available to you in terms of furthering your education or earning new certifications. Many workplaces offer at least some tools for the professional development of their employees. This might take the form of a stipend for additional education, groups within the workplace geared toward professional development, cheap or free memberships in professional groups, cheap or free admissions and travel to professional meetings, and so on.

Take the time to talk to your supervisor as well as to the human resources department about the availability of any such resources and then take advantage of them. If your workplace subsidizes your participation in professional meetings, then participate in those meetings. If they subsidize further education, then grab that additional education. If they’ll pay for a certification, get that certification.

The thing to remember is that it’s up to you to take advantage of these things. They’re generally not laid out there like a buffet – you usually have to seek out benefits like this, because they’re usually benefits intended for the type of top performers who would seek them out.

It never hurts to ask!

Intentionally choose challenging projects at work as they will push you to learn more and build more skills. As you’re building all of these skills and professional relationships and new ideas, it’s useful to make sure that you’re applying them in the workplace. While you may find ways to apply some of them in your day to day activities, one of the prime ways to ensure that you’re really using your new skills is to put yourself out there for projects that really tap into the new skills and ideas that you’ve been building.

Not only will these new projects provide a great way to show off your increased capabilities at work, they also become a way for you to really hone new skills and make them natural.

For example, if you’ve been working on your public speaking and presentation skills, you should look for opportunities at work to speak to groups and present what your employer is doing. If you’ve been working on your social skills, you should seek out opportunities to represent your organization at larger meetings. If you’ve learned a particular new skill that’s related to your career, look for projects that will put that skill directly to work.

Choices like this will force you to really use those new skills, which can be intimidating. However, the rewards are tremendous – it’s taking risks and digging into new projects like these that help set you up for the type of career advancement you might be dreaming of.

Keep track of the skills you’ve built and applied as well as the things you’ve achieved as a result of those new skills. As you’re building these skills and finding new ways to apply them, make sure you’re keeping track of them.

The easiest way to do this is to make sure that you’re keeping your resume updated. I recommend making this a part of your three month professional review, discussed earlier in this article. As part of that review, go through your resume and ask yourself whether there are significant new projects and new skills that can be added to each section of the resume.

Do you have a new certification? Add it. Have you taken significant coursework? Add it. Have you added a significant new skill? Add it.

Doing this ensures that your resume continues to look good to people who may be interested in hiring you.

If you think you’ve done enough, you haven’t – never stop growing. Professional development isn’t just something you do every once in a while when someone suggests that you do it. It is a key component of growing in value in your professional career. It is a key to achieving the big things you want from your career – raises, promotions, and even career changes as they’re warranted.

Never, ever stop growing and developing, personally or professionally. The more you grow, the more valuable you become as a person and as an employee, and that value will be rewarded.

Good luck!

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We Booked a Mediterranean Cruise — and It’s a Better Value Than You Might Think

Earlier this year, my husband and I took our two kids – ages 6 and 8 – for an extended trip through Germany, Italy, and Switzerland. Our journey was meticulously planned and lasted nearly three weeks from beginning to end.

We saw jaw-dropping sights including the buried the city of Pompeii, the Amalfi Coast, and the towering Swiss Alps while enjoying some of the world’s most decadent food. We climbed actual mountains, laughed and played, and ate so much gelato it just isn’t right. I would also say the trip was somewhat educational since my kids saw many major attractions they’ll eventually study in world history classes, from the Roman Colosseum to the masterful works of art in the Uffizi and Accademia galleries of Florence.

Our kids had a blast, and so did we. And, thanks to our long-term planning strategy, this trip wasn’t too expensive, either. While the retail price would have been over $20,000, we paid around $3,500 out-of-pocket for the entire trip thanks to credit card rewards and some creative planning.

Next summer, we plan to do something similar… but with a twist. While last year’s Europe trip was largely land-based, we decided that, next time, we want to throw in a Mediterranean cruise. While that probably sounds luxurious and overpriced, I was actually surprised to find that this could be one of the most affordable components of our trip.

Let me explain.

Planning Our Europe Trip for Summer 2018

Before I get into why this is such a good option for us and other families, let’s start at the beginning. As you probably know, the biggest component of any trip to Europe from the U.S. is airfare – the cost of just getting there and back.

I started planning early for this part, racking up several signup bonuses through American Express and earning even more Membership Rewards points through regular spending.

So, just like last year, we’re transferring 200,000 American Express Membership Rewards points to Air France/Flying Blue good for four round-trip flights from Indianapolis to European cities of our choosing. In addition to the airline miles, we’ll need to pay around $150 per person in airline taxes and fees.

Initially, we wanted to go to Croatia and possibly Greece, and then finish up our trip with a week on the Amalfi Coast. I loved mainland Greece when we went a few years ago, so I really wanted to see a few Greek islands this time. But, would it be possible to pull this off?

As anyone who’s traveled in this region knows, getting around Europe is pretty easy! But, that doesn’t mean it’s always fast.

Once I mapped out the train and bus routes for the various cities we wanted to visit, I realized we would spend several days on train travel alone. With young kids especially, this isn’t the ideal way to spend our time.

Greece is just plain huge, spread out, and out of the way. Croatia is long and skinny and not that ideal for train travel. Getting to Italy from either of these countries would be a pain – unless we wanted to fly. But, once again, I didn’t want to invest the time or money into too much transportation.

Eventually, I stumbled onto the idea of taking a Mediterranean cruise. We’re not really cruise people per se, but it seemed like a smart way to accomplish our travel goals without too much hassle or expense. And now that I’m ready to book, I’m finding it’s easily one of the smartest – and most affordable – options available for our family.

Our Experience Booking a Mediterranean Cruise

While Mediterranean cruises range from budget to luxury, we really needed a “no frills” option that would fit with our travel budget and make it fun for the kids. We considered a few different cruise lines, but we ultimately chose to go with MSC Cruises due to their overall affordability and selection of itineraries.

With the specific itinerary we were considering, we could check off all the “musts” on our wish list without spending a crazy amount. The specific cruise we chose departs from Alcona, Italy before visiting Venice, Split, Santorini, Mykonos for two days, and Dubrovnik. This itinerary worked rather well for us since I was also able to find Flying Blue/Air France availability into Bologna, Italy, and home from Naples. This way, we could spend a few days in nearby Bologna before the cruise, and then spend a week on the Amalfi Coast before flying home from Naples.

Cruise Itinerary

If you think the cruise component of this trip sounds crazy-expensive, you’re not alone. I absolutely thought it would be more than I wanted to spend — until I actually priced it out.

But really, it’s not so bad – especially for a family with young kids. For the particular cruise we chose, which takes place during peak travel season, it works out to $989 per adult for an ocean view room.

Cruise Details

This includes the “Fantastica” cruise experience with:

  • Upgraded stateroom location
  • Free breakfast in bed
  • Additional kid’s classes
  • Kid’s club
  • 12 free drink vouchers per person
  • Flexible, inclusive dining

The best part is the fact that kids 12 and under are free on our particular cruise, as they are on many MSC cruise itineraries. So, that brings our grand cruise total to $2,150.64 for two adults and two kids.

Stateroom with taxes

This price includes the cruise fare itself, but also government taxes and fees. In addition to this amount, we’ll owe 30 euros per night as our service charge in place of traditional tips. This adds another 210 euros – or $250 USD – to our grand total, bringing it to about $2,400. While you can have this removed from your account if you don’t receive good service, I am more than happy to tip the people who work so hard on the ship.

Either way, this brings us to a grand total of $2,400 — or $600 per person for an eight-day, seven-night Mediterranean cruise.

How and Why This Is a Smart Deal for Us

Handing over $2,400 for eight days and seven nights doesn’t sound particularly cheap, and it’s not. But it’s actually a really good value when you consider everything a cruise includes.

We’ll get breakfast and most dinners on the boat for free, for example. That leaves us covering lunch only in our ports, which should be easy to handle on the cheap with some planning and budgeting.

MSC Cruises also offers kid’s clubs on their ship, which means we’ll have an on-hand babysitter if we need a break. And of course, our ship will have the usual cruise amenities: nightly entertainment, on-board activities, swimming pools, a gym to work out in, and an on-board casino. Here’s the full list of what is included:

What’s included in the cruise fare:

  • Onboard activities
  • Kids and teens clubs
  • 24-hour room service
  • Fitness center
  • Library and card room
  • Casino
  • Nightclubs and disco
  • Broadway-style shows
  • Dining

What’s not included:

  • Shore excursions
  • Spa visits and treatments
  • Internet cafe
  • Beauty salon
  • Personal trainer
  • Exercise classes
  • Shopping
  • Drinks (soda and alcohol)

We’ll want to do some excursions, but I’ve already found quite a few I would consider through Chase Ultimate Rewards. Since we have around 70,000 Chase Ultimate Rewards points leftover to burn, we’ll be able to book a few excursions and get them entirely for free. For the most part though, we like to get out on our own and explore cities without the help of guides.

When you consider the fact that we could easily pay $300 per night for a hotel alone in high season (or more since you typically need two rooms for a large family in Europe), it’s a pretty great deal to get a floating hotel, transportation all around Croatia and the Greek islands, most of our food, and intermittent babysitting for $300 per day.

But, it was the convenience factor that really got me. Instead of visiting a spot for a day, staying in a hotel for one or two nights, riding in a train, unpacking and doing it all over again, we can pack and unpack in our cruise cabin once. Each day we’ll get off the ship with the kids in a new place, yet we won’t have to endure many of the pitfalls of traveling with luggage and children.

The Bottom Line

While we’re not the biggest cruise enthusiasts in the world, this particular itinerary makes a ton of sense for us, and a Mediterranean cruise can offer a surprising amount of value to the average family. It’s inexpensive when you consider all that’s included — lodging, food, and transportation between countries — and it will be downright convenient since we only have to pack and unpack once. Most importantly, it will let us see some cool sights with our children without worrying about the intricacies of getting from one place to another.

Is $2,400 for a week of cruising cheap? Absolutely not. But, it is a good value. And, no matter what, I know the memories I make with my kids will be absolutely priceless.

Holly Johnson is an award-winning personal finance writer and the author of Zero Down Your Debt. Johnson shares her obsession with frugality, budgeting, and travel at ClubThrifty.com.

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Give something back this Christmas: Take the foodbank Advent challenge

Give something back this Christmas: Take the foodbank Advent challenge

I like Christmas. It was magical when my children were small and I’m still looking forward to it this year when they will both be ‘coming home for Christmas’. I like the decorations, the long meals, the games and the presents… I even like the John Lewis adverts.

But the commercial emphasis on buying seems to start earlier and get louder every year. Now, some parents don’t just produce stocking and tree presents for their children, but a Christmas Eve box of goodies as well. 

And the little Advent calendars that used to have a tiny picture behind each window are now even targeted at adults, containing crisps, craft beers or beauty products.

This year, however, I’m taking part in the UK Money Bloggers’ Christmas campaign – creating a 'reverse Advent calendar' for my local foodbank.

With an Advent calendar, you open a window each day from 1 December to Christmas Day (25 December) and get a reward.

In a reverse Advent calendar, you pick one item a day to donate to your local foodbank and put it into a box.

You could do this for 25 days before Christmas to mirror the Advent calendar. If you have children, get them to choose the food bank donation before they open their own Advent calendar.

However, the reason I’m telling you about this initiative now, is because I am going to be collecting during November. I can then donate the box in the first week of December when it will be most needed for Christmas.

What are foodbanks?

Trussell Trust is a charity, which run most of Britain’s foodbanks. People are referred to it for help by Citizens Advice, GPs and social services. They are then given a voucher for three days of food for their family.

More than 90% of the food that is distributed is donated by the public. Local foodbanks also use money they are given to buy items they are very short of in order to give everyone a balanced diet. 

Find your local Trussell Trust foodbank using the tool on its website. This tool provides a link to your local website so you can check where to take your food box to and when.

What goes in a foodbank parcel?

The most important thing to remember is that food has to be long life as it may take days to be distributed and it can’t be kept in fridges.

A typical parcel for a family of four people may include:

  • a large box of cereal 
  • six tins of beans 
  • six tins of soup 
  • a jar of pasta sauce 
  • six tins of spaghetti 
  • five tins of vegetables/tomatoes 
  • three tins of meat or meat pies 
  • three tins of fish 
  • two tins of fruit 
  • two tins of rice or sponge puddings 
  • a large packet biscuits
  • 2kg of rice or pasta 
  • tea bags or coffee
  • a large bag of sugar 
  • two cartons of UHT milk or powdered milk 
  • one carton of fruit juice

Items such as jam, lentils, and porridge will be added by the foodbank team depending on what is available, plus nappies, baby wipes, and baby food if needed.

Many foodbanks also have boxes of extra products where people in need can select a couple of items including toiletries, sanitary towels and tampons, and household cleaning products.

Why should I create a reverse advent calendar?

Christmas is meant to be for everyone, and collecting a box to donate to a foodbank is a great way to show your children, grandchildren or other family members that it is a time for giving, not just for getting presents. 

Children may also like to decorate the box or include a home-made Christmas card.

There are tens of thousands of parents who are worried about how they can feed their children over Christmas. So will you join me in creating a reverse Advent calendar?

Sara Williams writes about debt, savings, and credit ratings on her award-winning blog, Debt Camel. An adviser at charity Citizens Advice, she wishes she didn’t have to give out so many food bank vouchers to her clients.

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