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السبت، 28 أكتوبر 2017

Effective Frequency: Why Ads Might Impact You More Than You Think

Yesterday, I published an article entitled The Commandment of Treating Yourself, in which I lauded the virtue of caring for yourself but pointed out that it was a virtue that’s easily manipulated by advertisers to convince you to buy things you don’t really need. In the end, I concluded that the most powerful form of self-care is time, and the way to find that isn’t through buying products, but through smartly de-committing.

One thread that really runs through that article – and others that I’ve written before on how marketers and advertising can manipulate you – is the simple idea that marketing actually works. Many people simply don’t believe that it does. They are of the belief that they’ve seen every advertising trick in the book and that they don’t even see the ads any more.

However, what most people don’t realize is that marketers account for that exact mentality. They really, truly don’t mind if you don’t notice the advertisements. At all.

Recently, I came across a quote from a well-known book on advertising called Successful Advertising by Thomas Smith. This passage indicates clearly why marketers really don’t mind that you don’t notice ads most of the time.

“The first time people look at any given ad, they don’t even see it.
The second time, they don’t notice it.
The third time, they are aware that it is there.
The fourth time, they have a fleeting sense that they’ve seen it somewhere before.
The fifth time, they actually read the ad.
The sixth time they thumb their nose at it.
The seventh time, they start to get a little irritated with it.
The eighth time, they start to think, ‘Here’s that confounded ad again.’
The ninth time, they start to wonder if they’re missing out on something.
The tenth time, they ask their friends and neighbors if they’ve tried it.
The eleventh time, they wonder how the company is paying for all these ads.
The twelfth time, they start to think that it must be a good product.
The thirteenth time, they start to feel the product has value.
The fourteenth time, they start to remember wanting a product exactly like this for a long time.
The fifteenth time, they start to yearn for it because they can’t afford to buy it.
The sixteenth time, they accept the fact that they will buy it sometime in the future.
The seventeenth time, they make a note to buy the product.
The eighteenth time, they curse their poverty for not allowing them to buy this terrific product.
The nineteenth time, they count their money very carefully.
The twentieth time prospects see the ad, they buy what is offering.”

Now, let’s step back for a moment and think about what actually constitutes an ad.

An ad might take the form of a normal advertisement – a page in a magazine, or a banner ad.

An ad might take the form of a glowing “news report” about the product.

An ad might take the form of a Facebook posting or a Twitter posting inserted into your news feed.

An ad might take the form of a product placement within a program that you’re watching, one that the camera just happens to focus on for a second or two.

An ad might take the form of a testimonial from an actual friend of yours, one who is trying to perhaps start a multi level marketing “business” like Amway or take advantage of some affiliate marketing.

An ad might actually run across a bunch of those things, all at once.

The thing is, most marketers understand that you tune out a lot of ads. You don’t notice most of them. That’s why they rely on repeating ads over and over and over again – if you notice only a small percentage of advertisements and product placements and Facebook insertions and news reports, if they create a ton of those things, you’ll eventually notice some of them and the idea will be placed in your head.

Humans are very good at spotlight focusing, meaning that they pay a lot of attention to a narrow thing at any given moment, and most of the time ads will fall outside of that spotlight of focus. However, sometimes ads slip into that spotlight, no matter what we do, and if we notice a particular ad enough, it’s been shown over and over again that we’ll think more highly of that product and are more likely to buy it.

Advertising works. Marketing works. If it didn’t, companies wouldn’t invest billions into advertising and marketing.

Effective frequency explains why you often see the same ads over and over again, spread in various forms across your television, your smartphone, your computer screen, the middle of the programs you watch, and even sometimes in the words of your friends. It’s because, as the quote above makes clear, repeating a particular message and showing a particular product over and over eventually pushes people over a threshold of knowing about the product and desiring the product enough to buy the product.

There is no exact recipe for effective frequency. Sometimes, only a single exposure to an is enough. At other times, it can take many exposures to an ad. The Business Dictionary defines it as “Advertising theory that a consumer has to be exposed to an ad at least three times within a purchasing cycle (time between two consecutive purchases) to buy that product.”

John Philip Jones, an emeritus professor of advertising at Syracuse University, said in a 1997 paper: “Effective frequency can mean that a single advertising exposure is able to influence the purchase of a brand. However, as all experienced advertising people know, the phrase was really coined to communicate the idea that there must be enough concentration of media weight to cross a threshold. Repetition was considered necessary, and there had to be enough of it within the period before a consumer buys a product to influence his or her choice of brand.”

The important thing to remember here is the core concept. Effective frequency simply refers to the idea that a person has to be exposed to an ad many times for it to be effective, partially because many ads are unnoticed and partially because repetition of the noticed ads embed them in your head. So, advertising firms repeat ads, place products, and stick other forms of marketing for a product everywhere until you notice them – and you eventually will.

I’ll give you a recent example of this. In my spare time, I read a number of websites related to personal development. I listen to podcasts on the topic, read forums on the topic – in short, I really enjoy learning about it and reading what others have to say about it.

The thing is, whenever someone wants to pitch a product at people interested in personal development, you can tell because that product pops up everywhere. That doesn’t mean that the product is bad per se; it just means that someone involved in the product believes in it enough to spend a lot of money on a marketing campaign. They either think it’ll make a ton of money in the short term or that it’s the start of something that will last for a very long time.

A recent example of this is Leaderbox. It’s one of those subscription box services that have popped up in the last few years, but this one is being run by one of the foremost podcasters in the field of personal development, Michael Hyatt. The box comes out monthly and contains two books on leadership and personal growth, along with supplementary materials and a private online discussion forum.

Don’t get me wrong, there’s nothing particularly wrong with this product. I think that the sticker price on it is excessively high, but the content seems compelling – it’s effectively a well designed book club for leadership and personal growth books.

For me personally, it’s something that I would describe myself as semi-interested in. I love to do deep readings of those types of books, taking notes and looking at what I can apply to my own life, but I vastly prefer to just get such books from the library (which is free, far better than the high cost of Leaderbox) and read them at my own pace. This lets me choose my own books, read at my own pace, and best of all, it’s free. So, the idea of Leaderbox is something I’d call semi-interesting to me, but not enough that I’d actually buy it.

The advertising campaign for Leaderbox, however, is extremely effective. Mentions and ads for Leaderbox kept showing up again and again in the things that I look at. I probably missed the first half-dozen references to it. Then, at some point, I saw it on a website that I was reading and I thought, “Hmm… that seems interesting.” Then it popped up somewhere else. And somewhere else. Then a few people mentioned it in a discussion forum that I participate in. Then a particular podcast I listen to talked about it a little.

Thus, my awareness of it snowballed.

The funny thing was, this repetition gradually inched me from something I wouldn’t consider at all to asking myself whether I actually was interested in it and whether or not it would qualify as a business expense and whether or not I could sensibly afford it.

Why did that transition happen? Honestly, it was effective frequency. The fact that it kept popping up over and over again forced it onto my radar when it otherwise wouldn’t have had a single thought from me.

Again, remember, I’m not bashing Leaderbox in any way. I’m simply pointing out that it has a very effective marketing campaign behind it, one that lifted a product out of what would have been vague awareness and apathy from me to actual consideration of the product. That would never have happened without an effective marketing campaign.

So, what can you do about effective frequency? If it’s a given that you will eventually be exposed to multiple impressions of a particular ad campaign, what can you do to keep that campaign’s influence on your spending at a minimum?

Here are five things that I personally find very effective for reducing the power that pervasive marketing campaigns have in steering my spending.

First, constantly question whether or not a product would actually benefit you beyond what you already have. Ask yourself whether this is something that’s really going to provide anything beyond what you already have access to? If it does provide something “extra,” is that “extra” worth the additional cost?

For example, with the subscription box mentioned above, the only real additional value that I would get for the cost is the reading guide and access to an online discussion forum, one that I could probably start myself. I’d also have the physical books, but I could honestly check them out from the library. Is that worth the high monthly price? Not for me, it isn’t.

Once I broke down what I was actually getting for my dollars, the product seemed less compelling.

The key for me is to compare it to what I already have access to and then look only at the extras beyond that that the product was giving me.

So, for example, if you’re drooling over the latest smartphone, stop and compare the difference between that phone and the one you already have. Is it really sensible to pay $700 for another 0.25″ of screen space and a little bit more storage space for games that you’ll play once and forget about?

When you start looking at things through the lens of what it actually brings you that you don’t already have, a lot of products don’t really look all that great.

Second, buy store brands as a default. My default isn’t to buy a name brand I’ve heard about, ever, when there’s a store brand alternative. I only switch away from that if it’s not actually doing what I want.

That simple move eliminates a lot of the decision making that I’ll do in a grocery store or department store. I don’t have to decide between fifteen different kinds of ketchup. I just buy the store brand and keep moving.

The thing to remember is that it’s when you stop and try to make a more nuanced decision that marketing rears its head. The simple truth is that you remember the name brands and those products and think a little more highly of them thanks to effective frequency, not because they’re particularly good (they might actually be good products, but that’s not why you remember them or think highly of them most of the time).

Third, stop and think outside of your normal situation whenever you’re about to spend money. If you’re about to buy a product in a store, put it down for a few seconds and think about whether you really need it. If you’re buying a product online, close the web browser before clicking on the “buy” button. Give yourself a breather and a change of scenery before buying. This is particularly true if the item is a big ticket item.

Why do this? Simply changing one’s scenery often changes one’s train of thought regarding a particular item. Effective frequency works best when a repeated message carries you on a wave right to that purchase. Stepping out of the situation takes you off of that wave, at least for now.

One technique I like to use is to maintain a “wishlist” of items that I’m really interested in. Rather than buying the item, I add the item I’m excited about to my “wishlist.” I actually keep that wishlist in Evernote so I can add to it no matter where I’m at. This helps because it leaves me with a sense of taking action on that item in the moment, which takes the edge off the desire to buy.

Later on, maybe once every month or two, I’ll review the wishlist. Guess what? I usually discover that almost everything on there has faded in terms of my interest and I feel completely fine deleting almost all of them. The ones that remain are things that I might actually consider buying, but I feel okay doing bargain hunting for those items at that point.

Fourth, spend more time on “slow” media rather than “fast” media. The idea of “slow” media and “fast” media is one that I’ve been developing on my own recently and it’s one that I think is really helpful in terms of controlling effective frequency.

“Fast” media is media that’s delivered quickly in bite-size pieces. Think about short online articles, social media updates, quick segments on 24 hour news channels, any program interrupted by commercials, and so on. Those things are designed to hook your attention for only brief spurts, usually just long enough to deliver the briefest of information and also slide an ad view in there in that burst.

“Slow” media is media that comes in a longer form. Think about books, feature-length movies, television shows that are designed to be binge-watched, and so on. These things are designed to hold your attention for longer spans and are less prone to constant interruption and distraction. Ads don’t interrupt your books when you turn the page and, aside from a bit of product placement, they don’t show up in films or long-form television shows, either.

Spend more time enjoying “slow” media than “fast” media. Keep a book on your phone or in your pocket or purse and read it while you’re waiting or have a few minutes of down time instead of browsing pointless websites. Cancel your cable subscription and get your news from long-form written articles that are well researched. Yes, it takes a bit more effort to focus on such things, but in doing so, you’re taking a major step to knock back the effectiveness of frequency.

Finally, be aware that effective frequency exists and notice it. Simply being aware of a marketing trick takes away at least some of the power. When you notice that you’re seeing the same messaging over and over, recognize it for what it is. It’s just effective frequency at work. It’s just an ad agency using one of the oldest tricks in the book.

Again, pointing back at that example with the subscription box, it wasn’t until I realized that they were using effective frequency that I really began to question why the concept was slowly becoming more intriguing to me. Simply being aware of the trick being used takes away some of the magic, just like understanding the sleight of hand of an illusionist eliminates the mystery.

That’s the real secret to piercing the veil of many advertising tactics, not just effective frequency. Watch for them. Be aware of them. Take steps to distance yourself from them. The more you do that, the less effective those tactics become.

Good luck.

The post Effective Frequency: Why Ads Might Impact You More Than You Think appeared first on The Simple Dollar.



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How to Get Out of Debt Faster: Balance Transfer or Payday Loan?

Anyone who’s ever found themselves overextended on debt knows what a precarious financial situation that can be. When unexpected costs pile on top of existing debt, it can push a borrower’s finances over the limit. That’s when it may be tempting to take out a payday loan.

The Consumer Financial Protection Bureau defines a payday loan as “usually a short-term, high-cost loan, generally for $500 or less, that is typically due on your next payday.” Essentially, payday loans — also known as cash advance or check advance loans — are designed to cover sudden expenses while borrowers are in between paychecks.

Here’s how payday loans work:

  1. You visit a payday lender and agree on an amount.
  2. You write the lender a post-dated personal check for the said amount, plus fees, to be cashed on a specified date. On average, the typical term is about two weeks.
  3. When that date arrives, the lender cashes the check.

Simple enough. But if you don’t have enough money to repay the lender on time, then interest kicks in. Payday loans usually involve very high annual interest, or APR (annual percentage rate). According to the CFPB, the typical two-week payday loan comes with a $15 per $100 finance fee. Sounds like a 15% interest rate, which doesn’t seem too bad, right? Think again. The personal finance experts will tell you that the annual percentage rate on that “two-week” loan is nearly 400%.

And what happens if you can’t pay the loan back in two weeks? Many payday loans “roll over,” so in two weeks you’ll owe even more. And so it goes.

Whether you’re covering a sudden expense or paying down existing debt, most personal finance experts will tell you payday loans should be an absolute last resort. There are plenty of alternatives, including payment plans, credit card hardship programs, and balance transfer credit cards.

First, use The Simple Dollar’s debt payoff calculator below to determine your payment plan:

TYPE OF DEBT
NAME OF DEBT
AMOUNT OWED (PRINCIPAL)
$
INTEREST RATE
%
MONTHLY PAYMENT
$
I can't pay off my debt! I'm not paying enough each month.
EXTRA MONTHLY PAYMENT
$

Use slider to see how paying a little extra each month can get your debt paid off faster and save your money

$0
TOTAL MONTHLY PAYMENT0Monthly payment: 0Extra payment: 0
DEBT FREE BY
Interest saved by extra payments:0
TYPE OF DEBT
NAME OF DEBT
AMOUNT OWED (PRINCIPAL)
$
INTEREST RATE
%
MONTHLY PAYMENT
$
I can't pay off my debt! I'm not paying enough each month.
EXTRA MONTHLY PAYMENT
$

Use slider to see how paying a little extra each month can get your debt paid off faster and save your money

$0
TOTAL MONTHLY PAYMENT0Monthly payment: 0Extra payment: 0
DEBT FREE BY
Interest saved by extra payments:0
TYPE OF DEBT
NAME OF DEBT
AMOUNT OWED (PRINCIPAL)
$
INTEREST RATE
%
MONTHLY PAYMENT
$
I can't pay off my debt! I'm not paying enough each month.
EXTRA MONTHLY PAYMENT
$

Use slider to see how paying a little extra each month can get your debt paid off faster and save your money

$0
TOTAL MONTHLY PAYMENT0Monthly payment: 0Extra payment: 0
DEBT FREE BY
Interest saved by extra payments:0
TYPE OF DEBT
NAME OF DEBT
AMOUNT OWED (PRINCIPAL)
$
INTEREST RATE
%
MONTHLY PAYMENT
$
I can't pay off my debt! I'm not paying enough each month.
EXTRA MONTHLY PAYMENT
$

Use slider to see how paying a little extra each month can get your debt paid off faster and save your money

$0
TOTAL MONTHLY PAYMENT0Monthly payment: 0Extra payment: 0
DEBT FREE BY
Interest saved by extra payments:0
TYPE OF DEBT
NAME OF DEBT
AMOUNT OWED (PRINCIPAL)
$
INTEREST RATE
%
MONTHLY PAYMENT
$
I can't pay off my debt! I'm not paying enough each month.
EXTRA MONTHLY PAYMENT
$

Use slider to see how paying a little extra each month can get your debt paid off faster and save your money

$0
TOTAL MONTHLY PAYMENT0Monthly payment: 0Extra payment: 0
DEBT FREE BY
Interest saved by extra payments:0
CURRENT PAYOFF PLAN
  • Total Monthly Payment
    0
  • Total Principal
    0
  • Total Interest
    0
  • Payoff Date
    0
ACCELERATED PAYOFF PLAN
  • Total Monthly Payment
    0
  • Total Principal
    0
  • Total Interest
    0
  • Payoff Date
    0

How payday loans and balance transfers stack up

Let’s say Alex owes $1,000 in credit card debt. On the week he plans to start paying it off, his car breaks down, and repairs cost another $1,000. Now Alex has to deal with two costs. How to pay?

The choice between a payday loan and a balance transfer gives him these options:

  • Take out a payday loan and commit to paying off the $2,000 he owes, plus fees, in a short period of time
  • Put the additional $1,000 for the car repairs on his credit card debt, then transfer the combined $2,000 to a balance transfer credit card with 0% introductory APR, and pay it off bit by bit over time

At first glance, the payday loan may seem like the better short-term option. But here’s what happens in either scenario:

If Alex Chooses…
Payday Loan Balance Transfer with 0% Intro APR
  • Typical Cost:
    • Equates to APR near 400%
  • Typical Repayment Term:
    • 2-4 weeks (plans vary per lender)
  • Typical Fees
    • $15 per $100
  • Credit Check?
    • No
  • Typical APR:
    • 0% for 15-18 months, then between 10-25% (varies per card)
  • Typical Repayment Term:
    • Not Applicable
  • Typical Fees
    • 3-5% of amount transferred
  • Credit Check?
    • Yes

 

If Alex Misses a Payment…
Payday Loan Balance Transfer with 0% Intro APR
  • Typical late fees:
    • Additional $15 per 100
  • Additional fees?
    • Rollover Fees
  • Does it hurt credit?
    • Possibly – Lender may report to credit bureaus
  • Typical late fees
    • Capped at $25 per late payment
  • Additional fees?
    • No
  • Does it hurt credit?
    • Yes

APR and fees

It’s important to note that interest is not separate from a loan’s APR. Interest is an additional cost paid for the right to borrow money in the first place. (And it’s usually how the lender makes money.) APR is short for Annual Percentage Rate, and it refers to the total cost of a particular loan, including fees and any other extra costs. While interest and APR aren’t one and the same, interest contributes to a loan or debt’s overall cost and thus is considered part of its APR.

Many balance transfer cards offer an introductory APR of 0% between 15 and18 months, and typically a variable 10-25% afterward. So if Alex manages to pay off his $2,000 balance transfer within the intro APR period, he’ll be able to do so without incurring any interest. If he doesn’t finish paying down his debt before the introductory APR period ends, whatever remains of the $2,000 balance transfer would be subject to higher APR.

Balance transfers often require a fee of 3-5% of the amount transferred, meaning that if Alex transfers his entire $2,000 to a balance transfer credit card, he would pay a $60 to $100 fee.

Because payday loans have to be repaid quickly, they’re designed with notoriously high APRs, again, averaging around 400%. Payday loan APRs can be fixed or variable depending on the lender, but typically debtors incur fees of $15 to $30 per $100 borrowed.

If Alex agrees to a payday loan of $2,000 the finance charges put the actual cost of the loan at around $2,300. Since Alex has to take out a loan to cover his debt in the first place, it’s unlikely he’ll have enough funds to cover the original amount, plus extra. If Alex doesn’t have the funds in his account by his next paycheck, his payments are considered delinquent, and the payday lender will begin charging interest with a high APR.

Once Alex is late, his payday loan lender may offer a “rollover” fee, also known as a renewal fee. Rollover fees typically cost around $45 and simply delay paying back the loan. Payments do not contribute to principal or interest owed. So, if Alex were to pay a rollover fee on his payday loan, he’d be paying an extra $45 to extend the due date until his next payment period.

Credit check

As with any other credit card, balance transfer credit cards require a credit check before approval. The better Alex’s credit is, the more a chance he’ll have of being approved.

Payday loans often don’t require a credit check before approval. Instead of using FICO or other established credit score institutions, lenders utilize a custom creditworthiness score based on the information borrowers provide.

Even if Alex has bad credit, he might be able to get a payday loan, no questions asked. But if Alex manages to pay off his payday loan, his credit score might not go up. If he’s delinquent, his score might go down. Some payday lenders report late payments to major credit reporting agencies.

Other debt consolidation and management options

In addition to balance transfers, alternative methods of paying off debt include:

Assistance programs

Many credit card issuers offer financial hardship and payment assistance programs, including Discover and American Express. Before you consider a payday loan, call the Customer Service number for your credit card issuer and see if you can negotiate a lower interest rate or extended payment plan.

Debt consolidation loan organizations

If you have debt with multiple lenders or creditors, consider a debt consolidation loan company.

These organizations allow borrowers to lump different streams of debt together, often with a lower interest rate. You’ll have fewer debts to worry about and a chance to improve your overall financial health.

Payday loans or balance transfers: Which is better for me?

At first glance, payday loans might seem like a quick and easy solution for borrowers to receive emergency funding in a pinch. However, high APRs and fees, combined with a short repayment term, can make it all too easy for borrowers to get caught in a debt trap.

Balance transfers, on the other hand, offer a less risky way to manage credit card debt. If there’s an emergency, using a credit card and then transferring the debt to a balance transfer credit card to pay it down monthly is a viable option.

A balance transfer card allows you to pay down debt gradually without a lump sum coming due in a matter of weeks, and making timely monthly payments is a great way to rebuild your credit.

Payday loans should only be used once you have exhausted every other option. If you do take out a payday loan, prioritize that debt above all others, and pay it off immediately.

The post How to Get Out of Debt Faster: Balance Transfer or Payday Loan? appeared first on The Simple Dollar.



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This Is How Restaurants Trick You Into Overspending Every Time You Dine Out

الجمعة، 27 أكتوبر 2017

Lawsuit Says LuLaRoe Pressured Retailers to Sell Breast Milk, Go Into Debt

Multilevel marketing clothing company LuLaRoe is facing another lawsuit.

This time, it was filed by former LuLaRoe retailers Aki Berry, Cheryl Hayton and Tiffany Scheffer. The three signed up to sell the company’s leggings and other clothing items, but they now allege they and tens of thousands of others were tricked by the billion-dollar company.

They say in a class-action lawsuit filed Oct. 23 in California that LuLaRoe is a pyramid scheme and accuse company leaders of racketeering, false advertising, and using unfair and deceptive business practices.

A LuLaRoe spokesperson denied the allegations in an email to The Penny Hoarder.

“We take all litigation — regardless of its lack of merit — seriously,” the representative wrote. “We have not been served with the recent complaints, but from what we have seen in media reports, the allegations are baseless, factually inaccurate and misinformed. We will vigorously defend against them and are confident we will prevail.”

According to the lawsuit, each woman paid between $5,500 and $6,000 to start the business and was encouraged to sign up as many new retailers as possible. Berry brought 12 new retailers into the company, and Scheffer recruited Hayton, the suit says, while neither Scheffer nor Hayton recruited anyone else.

All three women said they were promised they would break even within a few months.

Berry, Hayton and Scheffer all claim in the lawsuit they had no control over which patterns they received when they ordered new inventory and were paid bonuses based on how much inventory they purchased instead of how much they sold.

The lawsuit also said when retailers could not afford to buy new inventory, they were encouraged to borrow money, take out loans, pay with credit cards and sell their breast milk.

The women claim in the lawsuit that even when they were able to successfully sell some clothing, they were often encouraged to spend every dollar they made on more inventory.

The women also allege in the lawsuit that they were often presented with challenges that rewarded consultants who purchased the most inventory with prizes to further incentivize keeping huge amounts of inventory on hand, despite a lack of sales and inventory piling up in their garages, the lawsuit said.

When Is an MLM Really a Pyramid Scheme?

The lawsuit says even those who recruited others to join LuLaRoe only collected commission each month if they and their recruits purchased the amount of inventory the company required.

That, according to the lawsuit, is why the women believe LuLaRoe is an illegal pyramid scheme rather than a legal multilevel marketing company.

A pyramid scheme is a business model in which only the few at the top of the pyramid are able to make money. Those below them, who are unable to find new recruits, will never reach the income promised. Further, that fact is usually not apparent during recruitment.

To be classified as a pyramid scheme, the lawsuit said, LuLaRoe and its retailers must have done several things:

  • Retailers must have paid LuLaRoe for the right to sell its products.
  • Retailers must also have paid for the right to receive rewards for recruiting more people into the company. These rewards must be unrelated to the sale of the products to customers who would wear them.

Most retailers who do those things are generally be “doomed to failure” even if they are able to make some sales, the lawsuit says.

It’s not clear if this is how LuLaRoe operates, but the lawsuit says other businesses that practice this way are inherently committing fraud.

The lawsuit says Berry, Hayton and Scheffer are just three of tens of thousands of people who became LuLaRoe retailers since 2013 who “were never able to realize any actual profit and, as a result, they failed. They failed even though they were committed and put in the time and effort. They failed because they were doomed from the start.”

LuLaRoe: Pyramid Scheme or Target of ‘Predatory Litigation’?

The company said its bonus plan only rewards sales to consumers, despite what the lawsuit claims. It said its fast and overwhelming success, not its business practices, are the reason for the lawsuit.

“LuLaRoe has grown exponentially over the last four years,” the company said in a statement. “Our success has made us the target of orchestrated competitive attacks and predatory litigation.”

The suit seeks damages of more than $5 million. It’s too soon to say if a judge will agree that LuLaRoe is a pyramid scheme or if anyone will receive money from lawsuit.

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

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



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Sam’s Club New Members Can Score Some Serious Free Loot in Treasure Hunt

Penny Hoarders love Sam’s Club.

You can find great deals on all the stuff you use the most in your house, like paper towels, produce, laundry detergent and really, really affordable wine.

Did I mention wine?

If you’re not a Sam’s Club member, grab this Groupon to save on your membership. Then, once you’ve joined the club, you can get even more cool deals and even some freebies just for playing a game.

How to Find Sam’s Club Deals in Treasure Hunt

New members can play the Sam’s Club New Member Treasure Hunt game to score cool coupons and freebies.

It’s not only fun for competitive types, but it’s really simple, too. Sign up online with your email, and you’ll be directed to a set of clues. The clues are simple like, “Head to produce,” “Find an organic item” and “What color is the sign?”

Once you’ve found all of the items and given the proper responses, you’ll get an email with coupons for discounts on items like produce or meat and even some freebies like a free slice of pizza and soda. Nice!

What’s in it for Sam?

New members only have one month to play the game, and that makes perfect sense. What Sam’s Club is trying to do is get you to scan every department and learn where products are located.

If you’re going to make use of your membership, you need to learn where things are anyway, right? Why not make a game of it and score some Sam’s Club deals and freebies at the same time?

I started the game and received coupons for $2 off of carrots, strawberries, organic bananas or organic spinach when I answered correctly. I could choose two from that list.

That’s $4 in savings right off the bat.

The next stop was baked goods with similar results. After that, I correctly named the price of Member’s Mark Seasoned Rotisserie Chicken and got a coupon for a free one.

At the end of the scavenger hunt, the game asks you to scan your membership card using your phone app to score the free pizza and soda deal.

If you’re a new Sam’s Club member or thinking about becoming one, log in on your phone and play the game when you first visit the store. You can skip over any coupons you don’t want to use, and you could save a bundle.

Pro tip: All scavenger hunts are more fun when you talk like a pirate. But that could just be me.

Tyler Omoth is a senior writer at The Penny Hoarder who loves soaking up the sun and finding creative ways to help others. Catch him on Twitter at @Tyomoth.

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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The Hidden Perks of Prime, AARP and AAA That You Probably Don’t Know

I accidentally shared Kindle’s Lending Library with my friend Adriana.

After a phone discussion, I remembered a book she might want to read. “I borrowed it via Amazon just to read chapter five,” I emailed her.

“Wait — borrowed via Amazon? How does that work?” Adriana responded.

She soon discovered that as an Amazon Prime member, she can borrow books with the Kindle Lending Library. She’d been a Prime member for years, but had no idea about the extra benefit.

But this isn’t a post about Amazon, or even about books. It’s about memberships.

Think about all the memberships you pay for on a monthly or yearly basis. You’ll probably think of AAA, your airline points credit card or your college alumni association. You might think of AARP, or your carsharing membership.

Many of these affiliations come with extra perks, from discounts and upgrades to outright freebies.

If you don’t know about the perks, you can’t use them.

If you want to make the most of the memberships you already pay for, here are three ways to max out your benefits.

1. Pay Attention to Promotions

We all try to get to inbox zero as quickly as possible. But if you’re not reading emails from the services you pay for, you’re definitely missing out on special offers and discounts.

Don’t forget to sift through your mail and skim the magazines that arrive as part of your memberships.

What used to seem like junk might turn into dollars saved — if you can spot the discounts flashing at you from the pages of that alumni association or museum membership magazine.

Your email inbox and snail mailbox are the best ways to find out about new promotions to cash in on.

When you’re logged into your online memberships accounts — maybe to pay your bill — take a few seconds to look around.

I scored a discount recently just for paying my credit card bill. I have an airline points card, and my payment confirmation screen included a short list of promotions I could select. This one caught my eye: “Get $15 back when you spend $60 or more at Amazon.com.”

What luck! I shop for just about everything on Amazon, and that credit card is already tied to my Prime account.

It was easy to spend enough to get the $15 added back to my card.

All I had to do was click on the offer to have it applied to my card. When you think about it, all I really had to do was scroll down and spot a deal.

2. Look for the Discounts You Want

On the hunt for a certain discount? Head to the web.

“The benefits vary from club to club,” said AAA Mid-Atlantic spokesperson Jeanette Tejada de Gomez, about the company’s discounts. But she advises the internet is the best place to look for both local and national discount offerings.

Review the listed benefits for your membership and take note of what you might be able to use most often.

Then use the heck out of them.

Elizabeth Xu, a freelance writer based in Toledo, joined AAA for car insurance and roadside assistance. She’s only used the roadside assistance service once, but has come to rely on the AAA discount that comes with many travel bookings.

“I nearly always book travel online and it’s really simple to see if an accommodation has an AAA rate — most do, and it’s easy to save $10 to $30 per night,” Xu said.

Another discount category surprised her: Attraction tickets.

“Because my husband and I have moved around so much, we really enjoy getting to know our new city,” Xu said. “It’s nice that we can do so with a discount.”

The couple even found competitive discount rates for Disney theme parks with their AAA membership.

“Some of the most underutilized programs are discounted movie tickets, attraction tickets or savings at stores the member already shops at,” Tejada de Gomez said.

Smart members can earn back the cost of their yearly membership with the savings from one month of applicable discounts, she added.

3. Get the App

Check through your memberships to see if any offer a smartphone app. A quick glance at your app can be the difference between saving and paying full price.

For example, the AAA Mobile app maps out the cheapest gas stations in your area.

Meanwhile, the AARP Member Advantages app will help you find the discounts nearest you. Because an AARP membership gets you a discount on just about anything — if you’re of a certain age — you might need the app to keep track of them all.

Or, take the co-working space I used to pay to visit a few times a week. The company’s check-in app shows me when free member-only happy hours and networking events are scheduled for. Events have included free yoga classes, guest speakers and wine tastings.

Adriana’s book-borrowing discovery worked out for both of us. She’s getting more out of her Amazon Prime membership, and I’m starting to use discounts to make up for the annual fee on my airline credit card.

I’m definitely reading my mail with a more critical eye.

Lisa Rowan is a senior writer and producer at The Penny Hoarder. Her student ID recently expired, and she’s looking for ways to make up for her student discount at the movies.

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 Simple Ways to Make Your Next Garage Sale a Success

When Aaron LaPedis was seven years old, his mother left him to tend to the family’s garage sale while she made lunch.

Seeing the sale was going well — and being the eager young entrepreneur he was — he grabbed end tables, lamps and anything else he could carry from the living room and put those items out for sale as well.

A day later, his mother noticed half her living room was missing. She must not have cared for too long, though, because soon garage sales would turn into a profitable enterprise for LaPedis.

By the time he was 25, he had made $1 million flipping items he purchased at garage sales. He also wrote a book called “The Garage Sale Millionaire.”

How to Host a Successful Garage Sale

Want to make the most of your next garage sale? Here’s what you need to know, with advice from LaPedis and other experienced sellers.

1. Hold a Themed Sale

J.D. Roth of Get Rich Slowly once had a “Geek Garage Sale” that earned him $2,400 in three days.

He gathered graphic novels, computer gear and other geeky items and used the theme to market his sale, netting about $2,000 the first two days. By the third day, he found he had mostly books left over, so he changed the theme to “Book Sale” and made $400 more.

Figure out what you’d like to sell, and see what the most appropriate theme might be. Consider themes like sports, garden tools, outdoor gear or tech.

2. Schedule It Right

Weekend mornings are the traditional time for garage sales, so consider a different time to have less competition.

One neighborhood may have dozens of garage sales on Saturday morning, but how many do they have on a Tuesday morning?

Timing a sale during early morning or late afternoon commuting hours could help grab the eye of commuters, parents taking their kids to school and others looking to snag a deal.

Or schedule your sale in conjunction with a local event that will bring people into the neighborhood. If people are already relaxing and enjoying an event, they likely wouldn’t mind doing a little browsing (and hopefully buying).

3. Team Up With Your Neighbors

Work with your neighbors to see if they’re also planning an upcoming garage sale, and consider teaming up. The larger your sale, the more enticing it is for potential customers.

An added advantage of hosting a neighborhood sale is pooling your networks and resources to get the word out to a wider audience.

4. Advertise!

Don’t just throw some items outside and call it a garage sale — be sure to spread the word beforehand.

Put up fliers in your neighborhood and use online ads to let people know about your sale. Use Craigslist, local messaging boards or Close5. Specialty forums also cater to those specifically looking for garage sales, including GarageSaleHunter.com and Yard Sale Search.

Also, be sure to use social media, including Twitter and garage sale groups on Facebook. If your other Facebook groups allow this kind of promotion, share your garage sale details and let people know what you have and when to come on by.  

In your promotion, list the special and big-ticket items that will help lure people in. Consider putting up pictures of furniture, antiques, entertainment centers and other particularly appealing items.

5. Put Up 15 to 20 Signs

LaPedis says the biggest mistake people make is not having enough signage to draw customers in.

Put up a lot of large, brightly colored signs, at least 3 feet square. LaPedis recommends 15 to 20 signs per sale.

Simple signs work best, as it’s hard to read a lot of text while traveling down the road at 30 miles per hour. A simple arrow pointing the way along with the word “SALE” should do just fine. Plus, simple signs are reusable, because they don’t have specific dates or details.

6. Be Prepared

When preparing for your sale, think about what people might need or want.

Do you have a lot of accessories for sale? Have a mirror available so people can see how they look.

Selling electronics or small appliances? Have batteries or an extension cord handy so they can see it works.

Also, have change!

Have plenty of small bills and coins on hand so you can quickly make change for customers. Bring more than you think you’ll need, and secure your money during the sale.

7. Make It Look Like a Store

People leave disheveled stores quickly, often without buying anything. Don’t run into that problem at your garage sale.

Make everything look nice and tidy. Borrow or rent tables so shoppers don’t have to bend over or crouch down to inspect items on the ground.

Also, group like items together: kitchen items in one area, men’s clothes in one place, kids’ clothes in another. That’ll help people efficiently evaluate what you have on offer.

Put big-ticket, bright and colorful items closest to the street to draw people in. Throughout the day, tidy up to keep things neat and orderly.

8. Price It Right, and Offer Deals

A good garage sale rule of thumb is to sell items at 10 to 25% of their original value.

Most people aren’t looking to spend a lot, so try not to price anything over $100. Selling big-ticket items online is often more effective.

Or don’t price it at all. LaPedis advises not placing price tags on items under $15, and instead talking with people to see how much they’re willing to pay.

Conversation can draw people out. You can meet new neighbors this way and hopefully get a better price.

Towards the end of your sale, consider posting a “half off” sign and offering even better deals to move more items.

Another useful technique is bundling like items, such as books or DVDs. “Five DVDs for $5” will catch a shopper’s eye. If you really want to move items by the end of the sale, have a few paper grocery store bags on hand and tell people to fill the bags with whatever they’d like for $5 or $10 per bag.

9. Get Comfortable

You’ll be out in the sun for hours preparing, hosting and then picking everything up, so be sure to make yourself comfortable. Wear comfortable clothing, shoes, a hat and sunscreen.

Keep in mind how the sun moves throughout the day and at which times you may be in the sun. Have water or other beverages handy.

10. Make It a Party

Supermarkets play music for a reason: It entices people to stay longer and spend more. Crank up the tunes, put out some cookies and lemonade, and make people feel welcome.

Also, consider keeping a cooler full of ice-cold water, soda and teas for sale — or encourage kids to get entrepreneurial and hold a beverage sale within the garage sale.

11. Be Safe

While most garage-sale shoppers are good and honest people, don’t let any potential bad apples cause problems.

Don’t let anyone into your home to use the bathroom, and lock your doors while you’re running the sale.

Safeguard your money. It’s best to keep big bills in your pocket, but consider an apron for small change. Cash boxes can also work, but you have to be mindful to always have an eye on it.

Sometimes people will act in groups to cause a distraction and snatch cash or goods. Make sure you have back-up help so you can go to the bathroom or step out for a minute if you need to.

Kristen Pope is a freelance writer and editor in Jackson Hole, Wyoming.

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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7 Easy Halloween Costumes You Can Make at Goodwill for Less Than $30

The Scariest Part About Halloween Shouldn’t Be How Much You Spend

Ah, Halloween. The one day a year it’s socially acceptable to panhandle for free candy while dressed up as a Disney princess.

But even though it’s a holiday whose main event is begging for free stuff, it turns out you can spend a good chunk of change (try $7.4 billion!) on Halloween festivities, from high-end costumes to pricy decorations.

But have no fear this Halloween — at least not for your wallet. Here are 13 great ways to save money this Halloween.

1. Make Your Own Costume

Some of these DIY costumes require more crafts skills than others, but if you’re proficient at DIY, you stand a chance to make money on Halloween by selling your wares, let alone saving the cost of your family’s costumes.

2. If You Hate DIY, Get a Cheap Costume

Not crafty? No worries!

Raid your closet and your local Goodwill for items you can finagle into costume status — and wear later.

3. Make Your Own Decorations

Crafting Halloween decorations instead of buying them can save major bucks — and look how cute some of these ideas are! But, if you aren’t crafty or just don’t have the time, then check out these cheap halloween decorations.

And, of course, the jack-o’-lanterns you’re carving anyway are a great decoration in their own right. But before you go out and grab that book of stencils…

4. Use Free Stencils for Halloween Pumpkin Carving

No need to spending money every year on a bunch of knives that will fall apart as soon as they’re used and on one-use-only stencils! Use these free stencils and your regular knives.

Or let your creativity run wild and free-hand it. If you think outside the box, who knows what you’ll come up with?

5. Buy Your Pumpkins at the Last Minute

Whether from pumpkin patches or the grocery store, the gourds are likely to be cheaper closer to the holiday. Your selection will be a little narrower, but that just makes it easier to decide!

Plus, if you pick and carve your pumpkin too early, it might rot before Halloween even arrives. So if you’re reading this and haven’t bought your pumpkin yet, you’re on the right track.

6. Actually Eat Your Pumpkins

Did you know that pumpkin pie filling doesn’t just come from a can? In fact, there are plenty of edible (and inedible) things you can do with pumpkins after Halloween.

7. And Your Indian Corn

Growing up in Florida, I didn’t see too many autumn-related weather changes. All the trees stayed green.

But one thing always meant fall was in full swing for sure: My mother would hang ears of beautiful Indian corn on our front door.

Turns out you can actually eat that Indian corn — Pam at Gingerbread Snowflakes made her own cornmeal, grits and popcorn!

8. Buy Candy in Bulk

You can save a few cents per bag by buying the economy-sized Halloween assortments of candy versus the family-sized or smaller bags. In general, fruity or hard candies are cheaper than chocolate.

And don’t just pick the biggest bag of sugary sweets willy nilly — shop around. Slight differences in what candies are included in your bulk bag can mean the difference between paying $25 or $15 for a similar number of giveaways.

But if you really want to save, stay up to date on local deals and check your local membership warehouse club (like Costco or Sam’s Club) — you might be talking about the difference between 11 cents per ounce and 26 cents per ounce.

9. Return Unopened Bags

If you open bags of candy one at a time as needed, you can return the unopened ones to the vendor and get your money back — and have less candy sitting in your cabinets.

10. Consider Candy Alternatives

Popcorn balls are cheap and easy to make, or you could pass out non-edibles like these Halloween-themed erasers (I might be a nerdy exception, but these treats would not have left me feeling tricked! So cute). At 720 pieces for $20, they’re a steal.

Consider this: Even some bulk candies end up costing 15 cents per piece, and most kids want to grab a handful. You could give away a quarter to each visitor and perhaps still be saving cash!

11. Go to a Halloween Party Instead of Heading to a Big Event

Lots of Halloween fanatics are willing to shell out big bucks on events like Halloween Horror Nights — tickets start at $59.99 a piece.

Even smaller haunted house events or ghost tours can have big price tags.

Instead, have a few friends over or head to the office Halloween party. Plus, keep your eyes on your local newspaper for low- or no-cost Halloween events near you.

12. Make Your Own Adorable Favors

Not just decorations, but tasty treats too — look how easy some of these recipes are! You can stay on theme without paying for bakery-decorated goods.

13. Screen Your Own Scary Movies

Heading to the theater for a scary flick on or around Halloween is a tradition in my family. But what did you spend last time you went to the cinema? The answer may be scarier than Paranormal Activity could ever hope to be.

According to this list of AMC’s ticket prices, an outing for two adults would run you almost $30 — before the popcorn (100% necessary).

Stay home, pop your own and enjoy one of the creepy offerings on Netflix. Plus, if you get too freaked out, you can always turn on the lights.

Jamie Cattanach (@jamiecattanach) has written for VinePair, SELF, Ms. Magazine, Roads & Kingdoms, The Write Life, Barclaycard’s Travel Blog, Santander Bank’s Prosper and Thrive and other outlets. Her writing focuses on food, wine, travel and frugality.

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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Can a Basic Income Improve Lives? This California Mayor Wants to Find Out

How would your life change if, each month, someone just gave you enough money to cover your basic needs?

Would you travel more?

Would you pursue a passion?

Would you go back to school and get a degree?

Would you simply sleep better at night knowing you would have food on the table and enough money to pay your bills?

These are the questions Michael Tubbs, the 27-year-old mayor of Stockton, California, wants everyone to be able to answer.

Stockton’s Basic Income Experiment

Tubbs, who grew up in the central California city, recently announced the launch of an experimental program that will give citizens of Stockton $500 in basic income every month.

Residents will be allowed to use the money however they see fit — no restrictions, no rules and absolutely no strings attached.

The young mayor was motivated to test out the program after seeing how income insecurity affected his mother throughout his own childhood.

“If we had $300 a month, life would be less stressful,” Tubbs said. “Maybe she would have been able to go back to school and get her BA, or pursue a passion.”

The city hopes to start the program in 2018 and provide several hundred citizens with a basic income for at least a couple of years. How long the program will last depends on the level of funding the city can make available.

Universal Basic Income: Not a New Concept

While Stockton may be the first city in the U.S. to actually implement a universal basic income, programs like this one are gaining popularity around the world.

Both Finland and Canada are currently testing basic income programs in hopes of determining whether the outcome is actually worth the investment.

Earlier this year, Hawaii was toying with the idea of being the first state to provide its residents with a UBI to combat a severe increase in its homeless population.

Back in May, two documentary filmmakers announced plans to follow and film two people who would be given $250 weekly for two years in order to shed light on the concept of a UBI and hopefully increase its popularity.

As of right now, experts seem to be pretty torn on the benefits and drawbacks of a UBI. However, if the Stockton experiment is successful, it could encourage more cities — or even entire states — to test out programs of their own.

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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IBM Just Upped Its Paid Parental Leave Game. Your Move, Everyone Else

IBM is putting so many other companies to shame.

In one fell swoop, it just doubled the amount of paid parental leave it offers employees, according to a company blog post.

While it’s no Netflix (which offers new parents up to a year off) or Etsy (which offers six months), IBM’s new policy bumps paid parental leave up from six weeks to 12 for fathers, partners and adoptive parents who’ve welcomed a new child into their lives.

For childbirthing mothers, the paid leave is extended from 14 weeks to up to 20 weeks. CNN reports six to eight weeks of medical disability coverage make up the additional leave.

Oh, and that’s not it: CNN reports the benefit applies to both full-time and part-time U.S. employees. And the policy is also retroactive — those who’ve welcomed a baby since November 2016 can take advantage of the extra paid time off.

Employees are given the flexibility to use the time off whenever they need during the first year after a birth or adoption.

In addition, IBM has pledged to reimburse employees up to $20,000 for eligible adoption fees or surrogacy costs.

Keep in mind, these are all changes the company just established. IBM already has several family-friendly programs in place, such as child care center discounts and flex-time to attend appointments and events.

Read its recent blog post on “Meeting the Needs of 21st Century Parenting” to learn more about how the company attracts and retains employees with kids.

And if the post makes you jealous and itching to leave your current employer, don’t fret: IBM is hiring.

Nicole Dow is a staff writer at The Penny Hoarder. She enjoys writing about parenthood and money.

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



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Need Some Last-Minute Halloween Party Ideas? We’ve Got You Covered

Every year, beginning on July 5 when all of the Halloween stuff hits store shelves, I imagine the epic Halloween costume party I’m going to throw.

And every year, on Oct. 29, I realize that I have, yet again, done an embarrassingly bad job of following through on that dream.

But I think that’s my problem — in the past, I’ve dreamt too big. Way too big. Like, a hundred man-hours and a few thousand dollars too big.

In my head I imagine a spread of food that spans eight tables, hundreds of party guests all decked out in Comic-Con level costumes and decorations that rival those of a grade-A haunted house — the unrealistic stuff of Halloween party legends.

But that’s where my plan falls apart. As the 31st creeps closer, I realize I’ll never pull off — or be able to afford — the over-the-top, all-out, throw-down Halloween bash I’m imagining in my head and I just sort of… give up.

I mean, if it can’t be perfect, why even do it?

Because parties are fun and awesome and a great way to get your friends together and nobody actually cares if there’s a pumpkin-themed bouncy castle as long as there’s boos booze, right?!

Right!

So this year, I’m abandoning the dream. (And I promise, that’s not as sad as it sounds.)

This year, instead of aiming high and expensive and then giving up completely, I’m going to aim realistically and affordably and enjoy the low-key fruits of my last-minute labors.

Throw a Spooktacular Halloween Party on a Budget

Here’s how I plan to pull off this year’s laid-back version of my dream Halloween bash on a budget — and with as little party-planning stress as possible.

The Decorations

First things first, you have to decorate your party space.

Kristy Gaunt, an illustrative designer here at The Penny Hoarder, managed to decorate her entire house for Halloween — inside and out — for less than $50. And the best part? She did most of it with supplies she found at Dollar Tree.

She also shopped at Michaels and scored some deeply discounted supplies because (Penny Hoarder hack!) most craft stores will put their holiday merchandise on sale long before the holiday is even over.

If you need a few finishing touches to round out your decor, you can make these 13 creepy decorations with things most people already have lying around the house — and all for under $5.

The Treats and Sweets

Since I’m aiming for low-key with this party, I put a rule in place that nothing I make food-wise is allowed to cost me more than $5 or take more than 20 minutes to prep.

I came up with five different creepy-crawly treat options (well, four treats and a drink), and I’ll encourage my friends to bring along any extra candy, snacks or drinks they want to share at the party — potluck style!

Also, if you’ve been scooping, chiseling and slicing pumpkins to create a terrifying line-up of jack-o’-lanterns, don’t forget that the guts and seeds are edible (and delicious)! Check out these 21 ways to enjoy those pumpkin leftovers after a good carving sesh.

The Haunts and Spooks

OK, so what I really mean here is activities.

If you’re going for a truly low-key night, you can’t go wrong with a scary movie or three. And no need to go out of your way (or budget) to rent a good horror film. Instead, pull up your favorite streaming service — they all feature a few awesomely creepy picks this time of year!

If your party crowd isn’t into scary movies, a board game night might be the way to go. Set up a few different game stations around the house and let your guests choose between some themed options like Operation or Clue. A little gruesome, mostly fun.

Looking for a more adventurous option? Get the gang together and find a haunted house. You should have no trouble finding one in your city — or even in your neighborhood — and local haunted houses usually don’t charge more than a few dollars per person.

If you think your friends are up for something truly terrifying, though, check out these seven spooky destinations where you can get scared out of your wits for free.

Don’t Forget Your Costume!

If you, like me, are not much of a planner, you’re probably scrambling for a last-minute Halloween costume to wear to your last-minute Halloween party. (Feeling a little called out right now? Me too, don’t worry.)

Skip the last minute run to the overpriced costume store in favor of a little shopping trip through your closet. No really — I’m serious! Check out these ideas for a little last-minute costume inspiration for outfits you can throw together using things you probably already own.

If the costume you’re concocting in your head requires makeup, don’t even bother with a trip to the nearest party store for that sticky grease paint; use what you have laying around in your (or your teen’s or your partner’s) makeup drawer.

And if you’re going to go splurge on some extras because you don’t quite have what you need to complete your look, at least buy items that you’ll use more than once a year!

If your kids will be in attendance, here are six super simple options for all ages that will barely cost you a dime — and that your tiny ghouls and goblins will actually enjoy wearing (think: Doc McStuffins).

And finally, if your guest of honor will be less human and more of, well, a cat or dog, we’ve got last-minute costume ideas for your favorite furry friend as well.

I’ve been trying to talk my cat into wearing the lion costume for weeks, but I’m just not sure if he’ll cooperate when the big night finally rolls around. All the more reason to find him an inexpensive costume, because if he’s just not feeling it come party time, I’ll be glad I didn’t spend big bucks on it!

Just Here for the Boos

And just like that — with a few haunting decorations, a creepy-crawly menu, activities that will scare the pants off your friends and a costume to die for — you’re ready to host your Halloween party.

It may not be the epically spooky bash of your long-held Halloween dreams, but it’s a chance to get your friends together to hang out, eat food and avoid the awkward “are we too old to trick or treat?” debate.

Grace Schweizer is a junior writer at The Penny Hoarder. Oliver, if you’re reading this, I’ll ask you one more time: please, PLEASE wear the little lion costume.

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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