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الجمعة، 1 نوفمبر 2019

Interest Rate Cut Could Mean Lower Credit Card Debt For You. Here’s How

A good time to call your credit card company would be right about… now.

The Federal Reserve cut interest rates this week for the third time this year. 

Officially, the Federal Open Market Committee lowered the target range for its overnight lending rate to between 1.5% and 1.75% — a quarter of a percentage point from the previous level — to stave off an economic downturn due to slowing global growth and trade uncertainty.

What does that mean for you? Lower interest rates.

But you have to ask.

How the Interest Rate Cuts Affect You

If you’re a borrower, you could save money on the interest you’re paying on your debts. 

Credit cards, auto loans and home equity loans could all see reductions in the interest you pay each month.

To get the most out of this change, do not wait for your lender to lower your interest rates. We repeat: Do. Not. Wait. Call your lender today and ask for a rate reduction on your account now. (And in case you need a reminder, here’s an explanation why you’re wasting money by carrying a credit card balance.)

If you regularly carry credit card balances, you have a lot to gain, considering interest rates have steadily increased over the last five years — the current average interest rate is nearly 17%. 

We have plenty of strategies for lowering your credit card interest rate, but this call should be an easier one to make since you have hard proof that interest rates across the country are lower.

Mortgage rates are already at historically low rates, and adjustable rate mortgages generally reset annually, so the rate cuts won’t affect mortgages as much or as quickly.

Federal student loan rates are fixed, so they won’t be affected by the rate cut, at least in the short term. However, if you have private student loans, now may be the time to refinance your loan at a lower rate.

Unfortunately for savers, the rate cut also means you’ll earn less in interest on your savings accounts. Fortunately, we have a beginner’s guide to investing to help you earn more on your money.

Tiffany Wendeln Connors is a staff writer/editor at The Penny Hoarder. Read her bio and other work here, then catch her on Twitter @TiffanyWendeln.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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Lyft Is Offering Free and Discounted Rides for Unemployed Looking for Work

Searching for a job is a job in itself. 

That work becomes even more challenging when you don’t have reliable or affordable access to transportation. After all, you need a way to get to interviews and training. And those first few weeks on the job create commuting costs before you see a dime from your first paycheck.

In response to that hardship, the ride-hailing company Lyft recently launched its Jobs Access Program, which provides free and discounted rides to and from interviews, job training programs and work sites for the first three weeks of employment until employees get their first paychecks.

The program focuses on helping communities most in need of transportation assistance, such as low-income individuals, veterans and disabled people.

Lyft Jobs Access will carry out this service through partnerships with nine national nonprofit organizations:

  • United Way and 211
  • The USO
  • Goodwill
  • National Down Syndrome Society
  • Year Up
  • Generation
  • #cut50 (Dream Corps)
  • The Campaign for the Fair Sentencing of Youth
  • Upwardly Global

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Lyft spokesperson Miguel Bagsit said the partner organizations will, in many cases, offer these discounted rides as a part of existing programs to help people with access to transportation or employment. The nonprofits will determine who qualifies for the rides and will distribute access to the special fares.

“Our partners are using their discretion to support the communities they serve,” Bagsit said.

The Lyft Jobs Access program is in its early stages but is already active in over 30 locations, with the potential to expand to other markets. Currently, Lyft’s Job Access Program is available in: 

  • Albuquerque, New Mexico
  • Atlanta
  • Austin, Texas
  • Baltimore
  • Boston
  • Charlotte, North Carolina
  • Chicago
  • Cleveland
  • Dallas/Fort Worth
  • Detroit, MI
  • El Paso, Texas
  • Honolulu
  • Jacksonville, Florida
  • Las Vegas
  • Los Angeles
  • Louisville, Kentucky
  • Miami
  • Nashville, Tennessee
  • New Jersey
  • New Orleans
  • New York City
  • Omaha, Nebraska
  • Orlando, Florida
  • Philadelphia
  • Phoenix
  • Pittsburgh
  • Richmond, Virginia
  • San Diego
  • San Francisco Bay Area
  • Seattle/Tacoma
  • St. Louis
  • Tallahassee, Florida
  • Tampa, Florida
  • Washington D.C.

Nicole Dow is a senior writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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The Best Web Hosting for WordPress

So you’ve decided to build your site with WordPress?

Great choice!

But what hosting is best for your new WordPress site?

We’ve gone through all the hosts, many of which we’ve used ourselves, and ranked the best options for you.

The 6 best WordPress web hosts ranked

#1 – Bluehost — Best value per dollar for WordPress sites

Price starts at $2.95/mo
Great uptime
24/7 phone and chat support
WordPress recommended host

Bluehost is one of the most popular and trusted web hosts. They’re also one of the three hosts that WordPress officially recommends.

They’re a perfect choice for WordPress sites. Once you sign up, you’ll be able to install WordPress super easily. You’ll have your site live within 15 minutes from now.

Bluehost also has some of the lowest pricing around, plans can get as a low as $2.95/month. That’s crazy low.

Bluehost Pricing

Yes, you will be on shared hosting. So if you or someone else on your server gets a huge spike of traffic, your site could go down. But honestly, this almost never happens. I’ve had websites on shared hosting for over a decade and never had a site go down.

The value per dollar that you get from Bluehost on a WordPress site can’t be beat. And it’s more than powerful enough for the vast majority of websites. They’re also widely recommended throughout the industry and have the official recommendation from WordPress. For the vast majority of folks, Bluehost is the best option.

#2 – SiteGround — Good all-around option

Price starts at $3.95/mo
Autoupdate and daily backups
24/7 support
A WordPress recommended host

SiteGround is one of the other WordPress recommended web hosts. You also get some advanced features for WordPress like automatic updates and enhanced security on all the Siteground plans.

Just remember, the quality of these features won’t be as good as a full managed WordPress host like WordPress. There’s only so much customization that can be done on normal hosting. It’s still a great option for most folks though.

SiteGround Managed WordPress Hosting Plan Pricing List

I recommend the “StartUp” plan, you’ll get up to 10GB of space and up to 10,000 visitors for 1 site. The intro plan is $4/mo. for the length of your first contract, then will bump up to $12/mo.

The three features I love best are the WordPress autoupdates, 24/7 WordPress-knowledgeable support, and free daily backups. This covers most of the problems you could run into, freeing up more of your time to focus on your business or project. Read more about their services in my complete SiteGround hosting review.

#3 – WP Engine — Best for pro users

Starts at $35/month
Biggest name in WP hosting
A premium product with a premium price
Easily the all-around best

For pros, I recommend WP Engine. It’s definitely the best option for managed WordPress hosting. If you’re trying to get serious and build a high-traffic blog or business, use WP Engine. It’s, by far, the most widely known and respected company for managed WordPress hosting.

Full disclosure: We use WP Engine at Quick Sprout.

I don’t recommend it for anyone who’s just starting out since it’s much more expensive. We’re talking $35–100/month versus $4–15. Most WordPress sites would do much better with Bluehost or Siteground. Not only will you save a bunch of money, you won’t need the serious features that come with WP Engine.

For $35/month, you can host one 10GB site with a limit of 25,000 monthly visitors. The next tier of service is a hefty $115/month for five sites and 100,000 monthly visitors. If you get a spike in traffic and go over these traffic limits, you’ll get hit with overage fees.

Pricing structure of WP Engine plans
WP Engine’s plans are more expensive than a shared hosting provider — but the quality of service is worth it.

Service is where WP Engine shines. As a managed host, it maintains speed and security at the server level — meaning you don’t have to do anything at the site level. You don’t have to research and rely on plug-ins to shave seconds off your load time, or become an expert on the best practices for building a lean site. You don’t have to carve out time to update your install and plugins, or run backups, or implement security features to ward off brute force attacks. WP Engine takes care of it all behind the scenes.

Customer service is also excellent, with 24/7 chat support for all tiers of service, and 24/7 phone support starting at the second tier. Its ticketing system is trackable, and its knowledge base is one of the best. And because support is an expert at one thing only — WordPress — the answers you get from human interactions tend to be nuanced and comprehensive.

Every time I’ve had to reach out to their customer support, I’ve always been impressed. The speed, thoroughness, and expertise is world-class.

#4 – Flywheel — Best for freelancers and agencies

Price starts at $14/month
Geared toward freelancers and agencies
Easily build and transfer sites to clients
User-friendly interface

Flywheel is a managed WordPress host for freelancers and agencies. If you build sites for clients, you should seriously consider Flywheel.

Compared to WP Engine, Flywheel has a significantly lower price for entry. Flywheel’s plans are divvied up by number of sites — three plans for a single sites, and another three plans for multiple sites (with a customizable enterprise option thrown in) — which gives even little starter sites a chance to get in on the fully managed WordPress game without having to pay for more than they need. Flywheel offers a single site plan with 5,000 monthly visitors and 5GB of disk space for $14/month. That’s half of WP Engine’s lowest tier.

Flywheel Pricing

As a freelancer or agency, you’ll get great features like like “blueprints” for the themes and plugins you use over and over again. And 14 days on a free, password-protected demo site to show your work before having to pay. You can also easily transfer billing on any of your sites to a client.

Most businesses won’t need features like these. I don’t for example. But I really wish Flywheel was around when I was building websites for clients back in the day. It would of saved me a ton of time and made me look like a true pro with how seamless everything is.

If you build sites for clients, start using Flywheel.

#5 – Kinsta — Alternative managed WordPress hosting

Price starts at $30/month
Premium managed WordPress hosting
All features included across all plans
Built for scalability

If, for some reason, you don’t want to use WP Engine as a premium WordPress host, go with Kinsta.

Kinsta is also a full managed WordPress host with similar prices. So it makes a great alternative if WP Engine isn’t an option for you.

A popular, robust managed WordPress host that emphasizes scalability. Pricing starts at $30/month for 20,000 monthly visitors and scales up from there:

Kinsta Pricing

The plans keep going too, Kinsta can handle any volume of traffic that you need. You won’t have to worry about switching from outgrowing them.

One especially nice thing about Kinsta is that you get access to the same features across every plan, as opposed to upgrading to a higher-priced plan to unlock something. It also makes Kinsta’s pricing super simple. Pick the plan based on your traffic and you’re good to go.

#6 – Liquid Web — For power users

Price starts at $29/month
Designed for advanced users
Extreme customization available
Server-level access

Liquid Web is the most expensive host on our list. It’s a powerhouse designed to service other powerhouses — its cheapest plan is $99/month for 10 sites. But if you’re an enterprise customer, or are charged with manning multiple WordPress sites, little will go wrong when you use Liquid Web. It automatically updates WordPress and your plugins.

Let’s say that you need more control than any of the other hosts on this list. But doing everything yourself through AWS isn’t appealing. Then Liquid Web is for you. You won’t have to do nearly as much setup and upkeep as AWS while still having a lot more control than other hosts give you.

You’ll get all-level access to MySQL, SFTP, and SSH. You also get Git version control. Security, speed, and customer support are virtually unparalleled. Liquid Web is obviously not right for everyone. Small businesses should choose one of the other options, Liquid Web would be way too much. For power users, Liquid Web could is the WordPress hosting that you’ve been looking for.

What is managed WordPress web hosting?

First, let’s go through normal WordPress hosting. You’ll get a regular web host and that host usually gives you an easy way to install WordPress. You have a host, WordPress is installed, and that’s it.

Most “WordPress hosting” works like this. The installation can be a “1-click” install but nothing special happens after that. You get the basic version of WordPress, the same version that you’d get if you installed WordPress on a server that you owned.

Managed WordPress hosting steps things up a notch, you get a bunch of extra stuff.

Instead of a basic host with WordPress installed, everything is built from the ground up with WordPress in mind. The hosting infrastructure is tailored to WordPress and the hosting company usually customizes WordPress itself to make it better. Your site will be a lot faster, will be more secure, and you’ll have much better support since the hosting team specializes in WordPress.

The downside is that managed WordPress hosting is more expensive. This makes sense, you’re getting more value so the price is higher.

Here’s what to expect with managed WordPress hosting:

  • Managed WordPress web hosting is faster. More server- and application-level optimization provided by the host = better speeds. Caching is done at the server level, versus with front-end plugins. MySQL and PHP is configured to the best version for WordPress.
  • It’s more secure — and therefore more stable. The behind-the-scenes teams are only looking to stop WordPress-focused attacks and can enforce WordPress-specific policies on its users (e.g. banned plugins). This automatically correlates to more uptime.
  • Customer support is better. The help desk and support staff of a managed WordPress site are WordPress experts. They understand your site and the plugins you’re using. They are essentially optimized to help you — not a normal host with customers running all sorts of applications. On top of that, managed hosts have built their business model on providing service, unlike cheaper hosts that may have not invested in customer support or who may even purposely provide “unbearable tech support.”
  • More maintenance is done for you. Automatic WordPress updates aren’t hard to come by, managed WordPress hosts all automatically install security updates. The backup process is faster and more reliable, and daily and restores are typically free. WordPress is automatically (and correctly) installed. You also usually get a staging environment to try new things with no risk to your current site.

These types of services alone can justify the increased price tag of managed WordPress hosting. As one WP Engine user explained, simply running WordPress updates and doing QA can take about 30 minutes a month. If you or your dev’s time is worth $50/hour or more, you’ve essentially paid off an entry level WP Engine plan right there.

Recap: The best WordPress web host

Most folks should go with Bluehost or Siteground for their WordPress hosting. Once you set up your account, you can easily install WordPress with just a few clicks. From there, you have a fully functioning WordPress site at a low hosting cost.

You do have the option to go with managed WordPress hosting which gives you premium features, speed, and security. It’s worth considering for folks building high-traffic websites. We use managed WordPress hosting for Quick Sprout. WP Engine is the best option here.



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How to Understand Bank Statements

As our society and economy continue to go paperless, the idea of reviewing and being able to understand bank statements may seem like a throwback to a different time in history. But even though the technology has changed dramatically, bank statements still provide an important service. It gives you the ability to check your activity against a written record.

But to do that effectively, you’ll need to know how to understand bank statements. Like balancing checkbooks and preparing home-cooked meals, understanding bank statements is in very real danger of becoming a lost art.

If that describes you, please rethink the idea.

Should You Review Your Bank Statements?

In these days of online and mobile banking, most consumers rely either on transaction alerts from the bank or simply checking the balance on a daily basis. If either or both check out, that’s where the scrutiny stops. But that’s also how you can get burned!

There are a few reasons why you need to thoroughly review your bank statements at regular intervals:

  • You may have made an error, like overpaying a bill.
  • Though it’s highly unlikely, your bank might make an error.
  • There may be an unauthorized withdrawal or transaction in your account.

The ultimate reality of bank statement errors is that time is not on your side. The sooner you discover and report an error, the more easily it can be remedied. But if you wait too long, the process may become much more complicated. And in some circumstances, you may not be able to fix a problem that sits too long.

One example is an unauthorized charge on your debit card. Check your bank’s policy on how they handle those situations. You’ll have a certain amount of time to report the loss, otherwise you may be on the hook for some or all of the charge.

The Special Problems with Lost or Stolen Bank Cards

A lost ATM card is an even bigger problem. It’ll be even more so if you use the card infrequently, perhaps because you’re busy taking advantage of the rewards on your credit cards.

There are certain time limits within which you must report the loss of your debit card to minimize or eliminate your liability. Those limits are generally as follows:

  • Before any unauthorized charges are made: $0.
  • Within two business days after you learn about the loss or theft: $50.
  • More than two business days after you learn about the loss or theft, but less than 60 calendar days after your statement is sent to you: $500.
  • More than 60 calendar days after your statement is sent to you: sorry, you’re on the hook for the total amount lost, even extending to connected bank accounts.

Regularly reviewing your bank statements will enable you to stay on top of any of those developments.

How to Understand Bank Statements

Now that you know why you need to review bank statements, let’s get into the specifics of how it’s done. If you don’t review your statements on a regular basis, you may not be aware of all the detail that’s included. Since bank statements are typically issued on a monthly basis, they should be reviewed as quickly as possible after they’re issued.

Bank statements include the following information:

  • Beginning balance. This is an unadjusted balance. It doesn’t reflect deposits, checks, and other payments that have not yet cleared the bank. You should do a bank reconciliation to confirm the differences between the opening balance and your actual adjusted balance.
  • Deposits. These can include payroll deposits, check deposits, transfers from other accounts with the same bank or from another financial institution, or electronic transfers from third-party sources.
  • Checks paid. Checks are becoming increasingly rare, but only cleared checks will appear on your bank statement.
  • Electronic payments and automatic debits. These are payments to third parties, which you may set up to occur regularly, or you may initiate on a one-time basis.
  • ATM card activity. This can include purchases and payments made using your ATM card, or cash withdrawals.
  • In-person activity. This can include both deposits and withdrawals of cash at the bank’s teller window.
  • Bank fees. The most typical is a monthly service fee, but there may be other fees, like activity fees, or ATM related fees. There may also be penalty fees, like non-sufficient funds, overdrawn account, for a dishonored check.
  • Running balance. The statement will typically reflect the balance after each transaction, whether funds have been added or subtracted.
  • Ending balance. This balance will also be unadjusted. It won’t reflect checks, deposits, or other transactions that have not yet cleared your account

5 Reasons To Review Your Bank Statement 

Maintaining an accurate bank account balance is only the most basic reason to review your bank statement, so let’s start with that and go from there:

Reconciling Your Bank Balance

Twice in the previous section, I mentioned that your bank balances are unadjusted – both the beginning and ending balances. The point of reconciling your account is to make sure both are accurate.

If you’ve never reconciled your bank statement in the past, start with the ending balance. You’ll add any deposits to the balance that have not yet cleared your account as of the closing date of the bank statement. You’ll then deduct any checks or other payments that have not cleared the account as of the same date. That will give you your actual balance, which is usually different from the bank’s ending balance.

Be sure to adjust your balance for interest paid on your account, if it’s an interest-bearing account, as well as overdraft activity for either a checking or savings account.

If you can’t successfully reconcile the balance, it may have something to do with the opening balance. If that’s the case, you’ll need to go back and reconcile the ending balance from your previous monthly statement, which is the opening balance on your current statement.

In most cases, problems with reconciling your bank balance will have something to do with your own personal bookkeeping practices. You may fail to record or remember certain transactions, which makes it difficult to reconcile.

Unauthorized Charges & Potential Identity Theft

We’ve already covered this a bit in the previous section, but is worth going into in more detail.

If you notice one or more charges on your account that look suspicious, you’ll need to investigate. Check through your own records and see if you have any documentation related to the deduction. If you don’t, call the bank to get clarification.

If the bank confirms it’s a suspicious transaction, you’ll need to report it as an unauthorized charge. The situation will be resolved based on the bank’s policy, including the timing of the reporting.

More importantly, if you identify two or more unauthorized charges, your account may have been stolen. If that’s the case, you’ll need to have your account closed, or have your ATM card replaced, if that was the source of the unauthorized activity.

Checking For Accuracy & Errors

We’ve just discussed the importance of reporting unauthorized activity and errors to your bank promptly. But this can also apply to outside parties.

Let’s say you accepted a check from someone in payment for a service or an item sold to them. When you got the check, you didn’t bother to look at it. You just put it in your pocket, and deposited it when you got to the bank.

Maybe you were expecting the check to be for $110, but a review of your bank statement reveals that it cleared for $100. You’re $10 short on the payment.

You’ll have an opportunity to request a copy of the check from the bank, or sometimes you can access it directly from the online banking platform. If it shows that the check was made for $110, but only cleared for $100, it’s a bank error, and they’ll need to make good on it.

But if it turns out the check was only written for $100, you’ll need to go back to the issuer to collect the remaining $10. The sooner you do that, the more successful you’re likely to be.

The same thing can happen on the payment side. You make a charge on your ATM card for $50, but it clears your bank at $55. If you have a receipt that shows it was only $50, the $5 difference is a bank error, or a reporting error by the merchant. But if the receipt shows $55, it’s your error. Either way, you’re better off knowing so you can correct the charge or your own bank balance accordingly.

Getting An Accurate Picture Of Your Income & Spending

If you have some sort of formal budget in place, this step may not be necessary with your bank statement. But if you’re like most people, and you don’t have a budget, your bank statement may be the closest you get to tracking your income and expenses.

For most people, most or all their income ultimately ends up passing through their bank accounts. That being the case, your bank statement will be the best confirmation of your incoming cash flow.

Most people know how much they’re paid on an annual basis. It’s easy because it’s usually some sort of a flat number, like $45,000. But from a budget standpoint, that number is practically irrelevant. Because of deductions for income taxes, health insurance, and retirement plan contributions, your net income figure will be much lower. Only by reviewing your bank statement on a regular basis will you know the actual net income you’re receiving each month. That will also tell you how much money you have to live on each month.

Let’s flip over to the expense side. One way or another, most of your expenses are likely running through your checking account. That includes not only direct payments through electronic transfers, checks or your ATM card, but also monthly payments toward credit cards.

By adding up your income and expenses each month, you’ll have a rough budget. At a minimum, it will let you know if your income is being outstripped by your expenses. Then you can make changes in your spending habits to get back in balance.

Keeping a Paper Trail

Even in the online, electronic world we live in, it’s often necessary to be able to document financial transactions. As any accountant will tell you, the most basic form of financial documentation are your bank statements. Since they represent what is typically the primary source of transactions in your life, each statement provides an important track record of financial activity.

You may need that information in the future to prepare your income taxes, or even to dispute a bill after the fact.

That makes a strong case for maintaining some sort of system of retaining your statements for a sufficient amount of time. Whether you do that by saving your statements to your computer, or by printing and saving paper copies isn’t what’s important. What matters is that you’ll have the most fundamental element of your paper trail available when it’s needed.

Don’t count on your bank retaining your statements forever – they don’t. Most banks put a limit on how far back they’ll retain your statements. Three years is a common limit. If a situation, particularly a tax-related one, comes up from more than three years ago, you’ll be in trouble if you haven’t kept a copy of your older statements.

When you save your statements – and you should – just make sure you’re doing it safely. If you’re saving them to your computer, they should be held in an encrypted file. If you’re keeping paper copies, they should be held under lock and key. Just as your bank statements provide you with a wealth of information, they can do the same for a thief.

Benefits of Understanding Bank Statements

Now that you understand bank statements, and the need to review them on a regular basis, be sure to do it consistently. If you haven’t been in the habit of reviewing your bank statements on a regular basis, skipping a month or two could easily lead you back to not doing it at all. But if you make it a regular practice, not only will you do it automatically, but it’ll put you in a better position to understand what’s happening in your bank account, as well as with your finances in general.

And if you have more than one bank account, you should review them all regularly as well. That includes savings accounts. At a minimum, you’ll want to regularly monitor deposits and withdrawals from those accounts. Even if an account is low activity, you’ll still want to review it regularly to look for fraudulent or unauthorized activity.

Online and mobile banking certainly make the practice of banking easier than it’s ever been. But neither has changed the fundamental reality that you have a responsibility to yourself to know what’s going on in your bank accounts at all times. That will only happen if you understand bank statements and review them on a regular basis.

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17 Best Online Jobs for Teens

If you’re a teenager and you need to make money, getting a part-time job is the usual path. Unfortunately, it’s not a perfect strategy. You’ll need to balance your life between school, the part-time job, extracurricular activities, and your social life. And with the part-time job, there’s also the very real possibility the job will cause conflicts and problems with the other three activities.

If you need to make money, and you don’t want the problems that come with a part-time job, consider online jobs for teens. You’ll be able to work from home, and many will allow you an opportunity to set your own hours and determine your own income.

But with that said, I have to warn you that most online jobs are not “jobs” in the traditional sense. They don’t usually come with a flat hourly salary, a fixed schedule, or even direct supervision to show you how to do the job.

More typically, they float somewhere between a traditional job and self-employment. But that may not be a bad thing either. One day your future self may want to become self-employed, and your experience with online jobs for teens will have helped prepare you for exactly that.

What Are The Best Online Jobs for Teens?

How many online jobs for teens are there? I’ve got them grouped into categories, mainly because each group is so different. Online jobs for teens are a true mixed bag of opportunities. You can decide which category will work for you.

We’re specifically excluding online reward sites because they usually “pay you” in points for gifts. We’ll assume you’re looking for actual cash in your pocket. That’s the most common reason anybody gets a job at all.

Best Online Jobs for Teens

I’d love to tell you there’s a lot of opportunity to find actual online jobs for teens, but that would be a gross exaggeration. Very few online sources will hire you for anything that looks close to a traditional job. That’s partially because you’re underage, but also because the employer would have no direct supervision. But there are a couple of sources that do offer actual online jobs for teens.

1. FlexJobs

FlexJobs isn’t an employer, but an online site that matches job hunters with jobs. To actively apply for jobs on the site you’ll need to become a subscriber. That will cost $14.99 per month. But it will give you access to thousands of online jobs with more than 4,700 employers.

Now to be completely honest, most of the jobs listed are better suited to adults, because they require hands-on work experience. But there are a few available for teens. FlexJobs is best used if you prefer the online equivalent of a traditional job. It can be part-time or seasonal, but the platform will enable you to search for situations as needed.

2. U-Haul

There persistent rumors that U-Haul will hire teens as young as 16 for work at home jobs. The jobs are offered under the U-Haul Sales and Reservations Work from Home Program.

There are only about 600 jobs available covering the US and Canada, and you’ll need specialized equipment. For example, you’ll need a dedicated workspace, a personal computer, a high-speed Internet connection, and a USB headset. The job will also require you to work a specific schedule, and your work will be closely monitored by management.

Since there are relatively few jobs in the program – and likely a lot of competition for them – landing a position is far from guaranteed. But if you’re looking for a traditional job with work-at-home benefits, it’s certainly worth trying.

Best Surveys Sites for Teens

You have to be a bit careful here because some online surveys pay cash, but many pay rewards. If you’re happy earning rewards, fine. But if you’re looking for actual cash, you’ll have to be very selective with which platforms you participate.

3. Survey Junkie

Survey Junkie is probably the best-known source in the online survey space. You’ll participate in surveys sponsored by businesses, mainly centering on products and services. For your efforts, you’ll earn points you can exchange for cash or gift cards or through PayPal.

As is the case with most online survey opportunities, you won’t make a fortune. But you will earn some extra spending money just for answering questions. No specific expertise is required.

4. Nielsen Computer and Mobile Panel

Nielsen Computer and Mobile Panel won’t make you a fortune, or anything close to it. But just for installing the app on your mobile device, you can earn up to $50 per year. The company is looking to collect data on web surfing and browser activity and preferences.

It’s not much money, but you’ll get it just for doing what you normally do. That’s as easy as it gets.

5. Harris Poll

Harris Poll is one of those sites where you won’t be paid cash, but gift cards and rewards for merchants like Amazon.com, Starbucks, and iTunes. You’ll participate in surveys that will be used to help companies and government agencies develop policies and strategies.

Best Online Gig Work for Teens

Exactly what you’ll do here will depend on your age, where you live, and the time you have available. You’re probably already familiar with the whole concept of gig work, mainly from rides hare services, but there are a lot more opportunities in this area.

These aren’t specifically jobs you perform online of course. But you’ll connect online, or more particularly, through your mobile device, and you’ll be able to work on your own schedule.

But let’s start with rideshare services.

6 & 7. Uber and Lyft

Uber and Lyft are practically synonymous with gig work. If you’re of legal driving age in your state and have at least one year of driving experience, you can qualify to participate.

If you’re not comfortable driving people around, you can also deliver goods. For example, with Uber Eats you can do meal deliveries.

Just be aware that the car you have will be a factor. It has to meet certain minimum standards to be eligible. You’ll also need a good driving record and have personal car insurance.

8. DoorDash

If food delivery interests you, you can also drive for a dedicated service, like DoorDash. The requirements will be similar to those for Uber and Lyft, but you’ll be focused entirely on food delivery.

Another upshot here is that you may be able to deliver using a bicycle. That may qualify you even if you don’t have a car, but you’ll need to live in a heavily populated area for this option.

Gig work is a broad category that frequently includes subcategories like micro jobs. Rather than lumping those in with gig work, I’m giving it its own special section on this list.

Best Micro Jobs for Teens

With micro jobs, you might be hired to do a single task. That may include a delivery or completing a specific project. You’ll get paid on a per completion basis, which may only be a few dollars. But the idea is to complete several micro jobs per day. That can easily add up to be a bigger weekly paycheck than you’ll earn from a part-time job. What’s more, the tasks are usually done on a flexible basis. Much like rides sharing, you’ll take on tasks as your schedule permits.

There are various platforms where you can find micro jobs. Many tasks will require you to be at least 18, but that’s still a teenager. And if you make yourself open to multiple tasks, you may be able to find a few even if you’re not 18 yet.

Also be aware that many of these tasks will not be completed online. You’ll find them online, or through a smartphone app, but many will need to be done in person.

9. FIVERR

FIVERR is an online site that connects businesses and individuals with people who will perform tasks for a fee. There’s a big clue to the compensation in the name “FIVERR” – many of the tasks pay $5 each. For that reason, you’ll need to plan on doing several tasks each day.

Most of the tasks will be done online. That includes proofreading a single document, providing graphic design, and even higher-level services, like graphic arts or web work.

10. Amazon Mechanical Turk

Amazon Mechanical Turk, or M Turk for short, is another platform that will provide mainly online tasks. Those can include doing research, proofreading documents, monitoring an online forum, and much more.

11. Task Rabbit

Task Rabbit is a bit different from the other micro job sites in that you’re generally required to perform the tasks in-person. That can include cleaning houses, doing odd jobs, or making deliveries. If you prefer doing more basic work, Task Rabbit will be an excellent source.

Best Freelancing Jobs for Teens

Do you remember at the very beginning when I said that online jobs for teens often float somewhere between traditional jobs and self-employment? I saved this category for last because it’s more about self-employment than it is about anything close to a traditional job.

But if you have the motivation, one or more of these will be well worth trying. Not only will it be an opportunity to earn money working from home and on your own terms, but it also holds the potential to build a business you can work right into your adult life. And even if it doesn’t to that far, the experience you’ll gain will help you in just about any future career you’re planning to enter.

Just remember these don’t look like jobs because they’re not. That may take some getting used to, but if you can, the rewards can literally be unlimited.

12. Start Your Own Blog

You’ve probably already visited more than a few blogs in your life, and even wondered about starting your own. And you can! Even as a teenager, you can start a blog about any topic you’re knowledgeable in, and eventually earn money doing it.

But just be aware that starting a blog is self-employment in the truest sense. You’ll need to invest some money up front, though not a whole lot. It’s now possible to get a blog up and running for under $200. You can purchase a low-cost domain name and web hosting through Godaddy. One of the big advantages they offer is plenty of customer support for new site owners. You’ll need that as a newbie.

You can also get a free blogging theme through a popular blogging app called WordPress. There you can select from a large number of blog designs, and even customize them. It’s an extremely user-friendly app, and you can upgrade as your blog grows.

Just be aware that it will take several months or even a year or more before you start making money with your blog. You’ll need to be willing to put the money and time in, especially creating content. That can be either articles, podcasts, or videos, or a combination of two or all three.

13. Freelance Writing

In our discussion of blogging, I emphasized the need to create content for your blog on a regular basis. But if you have no intention of starting a blog, you can still write articles for other blogs and earn money as you do.

You’ll need to pick one or more topics where you have both interest and expertise. Read as many articles on that topic as you can to get a feel for both the specific article ideas as well st the general structure of the articles. You may need to write a few articles for a few sites for free just to get published. But once you do, you can use those freebies to build a writing resume to market for paying gigs.

You can find out more about freelance writing on the web by reading How to Become a Freelance Writer by Holly Johnson, here on Good Financial Cents.

14. Freelance Proofreader

We just covered blogging and freelance writing for blogs. But if you don’t want to do either of those you can always become a freelance proofreader – are you noticing the progression here? Most everything that goes on the web has to be proofread, and you can earn money being one of the people who do it.

Naturally, you’ll need to be skilled in proper grammar and sentence structure (now don’t you wish you paid more attention in English class?). But you can get some help in this area with the spellcheck functions available with both Word and Google Docs. But if you want to take your proofreading to a higher level you can always cheat and use an online app like Grammarly!

To find proofreading gigs, you can email blogs and offer your services. But you can also try using online sources. One example is Upwork. They specifically offer freelance assignments in proofreading and related functions.

15. Become a Virtual Assistant

If you have any specific skills, like proofreading, social media management or marketing, web design, customer service, or any one of dozens more, you may be able to offer your services as a virtual assistant to either individuals or small businesses. It could be working on a single project, or working on an ongoing basis. You can even work for several clients at the same time. In each case, you’ll be doing work for someone who has one or more projects they either don’t have time or expertise to do.

You can find work as a virtual assistant on sites like Indeed.com or Craigslist, or you can take advantage of sites that specialize in the category, like Remote.co

16. Social Media Influencer

As a teenager you’re not too young to have a big social media following. What’s more, you may be more social media savvy than most adults. If you are, you may be able to convert that into a regular paycheck.

One way is to become a social media manager for a business. These days, nearly every business is striving to create and expand their social media presence. If you have a knack for creating viral social media content, you can offer your services as the social media manager for a business. Some just need a person to manage social media inquiries, because there’s no one inside the business who has the time or the expertise.

If you have a very large social media following, you may even be able to become a social media influencer. That’s where you review and endorse products and services for which you’ll be paid by the provider for your influence. It’s a bit of a blank canvas, but if you have a strong social media presence it can be a real opportunity.

17. Selling on Major Websites

Think sites like Amazon and eBay. Right now, hundreds of thousands of people are doing this, many on a part-time basis.

If you have a special interest in a specific product or service line, you may be able to develop a sales niche. Or you can buy unique items at garage sales and thrift stores in your area and sell them at a profit.

Teens Can Earn Money Online

If you need to earn money, and you don’t want the hassles that come with a part-time job, take a close look at online jobs for teens.

You’ll have to seriously expand your idea of what a job is. But the payoff will be the potential for unlimited earnings working on your own terms.

And if you’re good at what you do, you may even be building your future career.

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Check Your Eligibility in These Class-Action Settlements from Whirlpool, Wells Fargo

Unwanted text messages, leaky refrigerators, fake discounts and more top the list of the latest major class-action settlements. 

Hyundai Sonata ‘Smart Trunk’

Carmaker Hyundai has agreed to settle allegations that the “Smart Trunk” feature in Sonata sedans are defective.

Instead of opening fully after the consumer presses the key fob for three seconds, the lawsuit alleged the trunk only opened a few inches. The consumer would have to manually push open the trunk lid, negating the perk of having a “hands-free” Smart Trunk as it was advertised.

The settlement affects consumers who own or lease or previously owned or leased a 2015 to 2017 Hyundai Sonata that included the Smart Trunk feature.

Four different types of compensation are available, from $50 cash payments to warranty extensions. Click here for details and to file a claim by the Jan. 3, 2020 deadline.

Rack Room Shoes Text Messages 

If you’re enrolled in the Rack Room Rewards Program or Off Broadway Reward Program through Rack Room Shoes, you could be eligible to share a portion of a $26 million settlement.

A class-action lawsuit alleged Rack Room violated the Telephone Consumer Protection Act by sending text messages to rewards club members without their permission.

If you were a member of either rewards program and received a text message on or after April 2, 2014, you could be eligible for a $10 voucher plus $5 in cash.

Payment amounts may be subject to change based on the number of claims filed and the net settlement funds available after administration costs, court costs, attorneys’ fees and service awards are deducted.

Click here to file a claim by the Jan. 31, 2020 deadline.

 

Wells Fargo Robocalls, Texts

Are you NOT a customer of Wells Fargo, but received automated phone calls or texts from the bank anyway? If so, you could be eligible for part of an $18 million settlement.

Wells Fargo allegedly violated the TCPA by contacting people who were not bank customers regarding auto loans, credit card accounts, student loans, mortgages and overdrafts.

The actual cash award each consumer receives will depend on the number of valid claims filed. Consumers qualify for the class action settlement if they were called between certain dates regarding particular Wells Fargo services.

For more information and to submit a claim by the Dec. 23, 2019 deadline, click here.

GNC Sale That Wasn’t

GNC has agreed to pay a $6 million settlement over allegations that it tricked consumers into believing supplements were being sold at a discounted price.

The settlement resolves three class-action lawsuits that claimed a promotion on GNC.com portrayed products on sale even though the products never were sold at a higher “original” price.

Consumers who purchased an item on sale or through a promotion from GNC.com between Jan. 1, 2012 and Sept. 9, 2019 are eligible to receive $5 cash or a $15 voucher toward a future purchase, plus a coupon for $30 off any $100 purchase.

Click here and file your claim by the Dec. 19, 2019 deadline.

TD Bank Overdraft Fees

A $70 million settlement will compensate TD Bank account holders who allegedly were victims of deceptive overdraft fee policies.

The case claimed TD Bank optimized overdraft fees charging them in numerous circumstances, including when there was money in customers’ accounts.

Potential awards vary. Click here and file a claim by the Feb. 7, 2020 deadline.

Premera Blue Cross Data Breach

Premera Blue Cross has agreed to a $74 million settlement after their computer systems were hacked on March 17, 2015, exposing the private information of millions of consumers.

Data included “names, dates of birth, mailing addresses, telephone numbers, email addresses, Social Security numbers, member identification numbers, medical claims information, financial information, and other protected health information,” according to the suit.

Premera will pay $32 million to consumers who can obtain free credit monitoring services and a $50 default payment. California consumers are entitled to an additional $50.

Alternatively, consumers can claim free credit monitoring and actual out-of-pocket losses of up to $10,000.

Consumers also may be able to claim up to 20 hours of time spent dealing with security incident at $20 per hour.

The company also agreed to spend $42 million to improve its cybersecurity.

For more information click here and file a claim by March 30, 2020. 

FROM THE MAKE MONEY FORUM

Plantronics Wireless Headphones

If your Plantronics BackBeat FIT wireless headphones don’t hold a charge for eight hours or aren’t water- and sweat-proof as advertised, you could be eligible for up to $100.

Plantronics BackBeat FIT wireless headphones, version Genesis or 16M, that were manufactured between April 1, 2014 and Oct. 31, 2018 allegedly did not hold up to the advertising claims and fail to hold a charge because of a battery defect. In addition, the lawsuit claims that exposure to water makes the problem worse.

Anyone who purchased headphones covered by the settlement starting Jan. 1, 2018 can claim an extended limited warranty. Those who purchased the headphones between April 1, 2014 and Jan. 1, 2018 can claim a $25 payment with proof of purchase. Those who purchased headphones during that time period and also made a complaint about the product can make a $50 claim (limit of two headphones per claimant).

Each claim requires proof of purchase. For more information click here.

Cancer Medication Price-Fixing

Celgene Corporation has agreed to a $55 million class action settlement regarding allegations the pharmaceutical company conspired to keep less expensive, generic versions of cancer drugs Thalomid and Revlimid off the market.

Class members include individuals, insurance providers, and other health and welfare companies who “paid for all or some of the purchase price of Thalomid or Revlimid in California, the District of Columbia, Florida, Kansas, Maine, Massachusetts, Michigan, Nebraska, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, or Tennessee any time before August 1, 2019.”

For complete details and to submit a claim by the Dec. 30, 2019 deadline, click here.

Leaky Whirlpool Refrigerators

If you own a Whirlpool refrigerator under the brand names Whirlpool, Amana, Jenn-Air or Kitchen-Aid, you could be eligible for a portion of a $21 million lawsuit stemming from complaints that ice could build up and cause water to leak from the bottom of the refrigerators.

A full list of eligible models splits the models into two groups: Group A and Group B. The groups have different eligibility requirements.

Owners may be eligible for up to $150 in compensation, based on the following reimbursement rules:

  • 100% reimbursement for parts and labor costs for qualifying repairs paid for in years one to three after purchase;
  • 100% reimbursement for parts and 65% reimbursement of labor costs for qualifying repairs paid for in year four after purchase;
  • 100% reimbursement for parts and 50% reimbursement of labor costs for qualifying repairs paid for in year five after purchase.

The deadline to submit a claim for a freezing event that occurred prior to Sept. 5, 2019 is Jan. 22, 2020. Those with refrigerator models in Group A have until Dec. 31, 2021 to submit a claim regarding a future freezing event, while those with refrigerator models in Group B have until Dec. 31, 2026 to send in a claim for future freezing events.

For more information, click here.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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Don’t Make Things More Complicated Than Necessary

There is a tendency on personal finance websites, in personal finance books and personal finance magazines, to get into great detail about the specifics of various personal finance decisions and strategies. You’ll find long articles about specific tax loopholes (like “backdoor Roths” and so on). You’ll find long calculations that seem to indicate that one move is strictly better than another one. You’ll find lots and lots of arcane writing about taxes.

For someone who just wants to achieve some level of financial security in life, it can be simply overwhelming. Even something as simple as putting money in a savings account can turn into pages and pages of details and information that can cause most people’s eyes to glaze over.

If that sounds like you, my advice is really straightforward: don’t sweat all the details and just keep things super simple. Most of that advice isn’t particularly useful anyway.

Let me get into why I say that.

For starters, what matters more than anything for long term financial success is that you’re consistently spending a lot less than you earn. What you actually do with it is pretty secondary. You have far more positive impact on your future, especially at first, by simply spending less or getting a raise at work and then doing something – anything – worthwhile with that money.

Let me be absolutely clear: compared to the simple decision to spend less and to put more money aside for the future, the difference between paying off a debt or putting the money in savings or investing it is trivial in terms of the long term impact on your life, especially when you don’t have a whole lot of money to your name.

Now, when you have achieved some wealth, there ends up being a bigger and bigger difference between those options, but when you’re first trying to turn things around or when you’re dealing with a small income or a small amount of savings, you have far more impact in simply making good daily choices than you do in sweating about investment decisions.

Furthermore, the choice of the “right” investment decision is almost always based on predictions about the future. If you predict that the US economy is going to keep growing like gangbusters for the next decade, one choice is the best, but if you predict we’re heading into a recession, another choice is best. The truth? No one knows for sure.

Instead, stick to the things you do know for sure.

Having money in the bank is good, and the more, the better. Money in the bank means that you have a cushion against unexpected events in your life. That’s a net positive. Yes, there are specialized accounts for specific purposes – a Roth IRA and a 401(k) for retirement, a 529 for college savings, and so on – but the most important thing isn’t the account type, but the money you’re able to put in there, particularly at first. If you’re not sure, stick to a more general and flexible account type, like an ordinary savings account at a bank, and then figure out the different options at your own pace. What matters is that you’re putting money aside; getting it in the right account is important, but it can wait.

Having less debt is good. There are almost no situations in which an individual paying off debt isn’t a good move. Again, one can make arguments about which debt should be paid off first in the perfectly optimal way, or whether you’re better off investing or paying off a low interest debt, but it is essentially never a bad move to pay off debt. If you have enough money in the bank to handle something like your car breaking down, then paying off debt is almost always a really good choice. If you want a really simple rule to follow to decide which one to pay off first with extra payments, just choose the one with the highest interest rate and pay it off first. Again, that’s a simple rule that will almost never guide you wrong.

Struggling to pay your bills is bad; failing to pay them is even worse. It seems obvious, but in reality, almost 80% of Americans live paycheck to paycheck, meaning they’re right on the verge of beginning to struggle to pay their bills. Failing to pay bills damages your credit, meaning it kills other opportunities down the road. Furthermore, you often have to end up paying them anyway with additional interest owed.

Don’t hamstring yourself with big bills that will be difficult to pay. Don’t take out a loan to get the expensive car. Drive cars into the ground and then replace them with a used car that you can ideally pay cash for. Live in inexpensive housing, less expensive than what you could afford if you squeezed out every dime. Don’t get a huge unlimited cellular plan, especially when you’re not really using it that much – cut it back to the minimum. None of this is complicated. Just make choices that result in small monthly bills so that you have money to put aside.

The less you spend on foolish things each month, the easier it is to pay the bills, pay down your debts, not accumulate more debts, and put some money in the bank. Stop spending so much money on vices, hobbies, and entertainment. Find free things or cheap things to do to entertain yourself and fill your time. One big way to save money is to start making inexpensive meals at home – make a sandwich at home instead of eating at a fast food restaurant. Buy everything in store brand form. Those kinds of moves won’t change everything, but they can definitely help move the needle.

The vast, vast majority of people don’t even handle these basics very well. The biggest part of the reason that people struggle to get ahead financially is that they overspend, and when you lock yourself into more bills than you can easily pay, everything gets hard. It gets even harder when you spend a lot of money on foolish stuff.

It is very easy for personal finance websites and books and magazines to walk away from these basics and get lost in the nuance of Roth IRAs and 401(k)s and so on when the reality is that for most Americans and most people in the Western world, the real issue is that they don’t have the basics down pat. Worrying about what account to use when you have a bunch of debts, very little in the bank, and are struggling to keep your bills paid is like putting the cart before the horse.

Keep it simple. Cut back on your spending, starting with your big bills like housing and your car and insurance. Keep an eye on your foolish spending, too; look through old credit card statements and see where you’re spending money that you completely forget about, as that’s forgettable and utterly wasteful. Start by putting some money in savings just to create an emergency cushion; move on from there to making sure that you’re caught up on your bills and then start eliminating your debts. Make all of that consistent – this needs to be your life going forward, and it can be quite a lot of fun and pretty low stress.

It’s only at that point, when you’re able to consistently spend less than you earn and you’ve got your bills under control and you’re wiping out debt and you’ve got some money in the bank for emergencies and now you’re wondering what’s next, that you should start worrying about the next steps of investing. Amazingly, the vast majority of Americans aren’t at that point yet.

Focus on the basics. Don’t worry about those other details, at least not until you have these basics completely under control with your actions. Don’t make things more complicated then that.

Keep it simple. Spend less than you earn. Do something smart with what’s left.

Good luck!

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