Category Archives: MoneyConnect

6 techniques to live rent-free within an costly city. Have you ever cringed at how much you’re spending money on rent?

6 techniques to live rent-free within an costly city. Have you ever cringed at how much you’re spending money on rent? Or felt like you couldn’t somewhere move to like New York, l . a . or San Francisco because of rental costs?

1. Trade your skills

Rather than forking over a chunk that is hefty of for rent, you may be in a position to trade your skills for free rooms. Elizabeth Aldrich, a 27-year-old freelance writer and founder of Temporary Provisions, currently lives rent-free in New York City in exchange for assisting the owners out with different projects.

‘I’m living in a house in nyc that is a subway that is 10-minute from downtown Manhattan. I’ve an exclusive bed room (though I share your house with several other roommates), pay no rent or utilities, have access to a stocked kitchen area and receive a tiny stipend each week for additional food and drinks,’ she says.

In return, Elizabeth works 25 hours per week helping the owners of the house with composing, digital marketing and pet sitting. To supplement her income, she works as a freelance journalist.

Elizabeth enjoys having the ability to cut her living expenses down and partake in slow travel, living in places for several months at a period.

‘It’s a solution that is good temporary living because the places are furnished and everything is ready to go,’ she says. Nonetheless, while trading your skills at no cost rent is a smart way to reduce costs in costly cities, there are numerous downsides.

‘The cons are so you don’t have free rein over how a place looks or what you can do with or in it,’ she says that you don’t have a space of your own.

In addition, it may be difficult to fit in extra work on top of any work-trade commitments. For Elizabeth, the pros outweigh the cons and allow her to pursue her dream of long-lasting travel. Throughout the year that is past she’s lived for free near the beaches of Costa Rica aswell as in Atlanta.

To secure her arrangements that are living Elizabeth has used housesitting internet site and work trade web site

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2. Work at a hostel

A year ago, I came across Weimin Chen while residing at a hostel in Lisbon. There, he i’d like to in on his ultimate travel hack — living rent-free by working during the hostel part-time.

Seven months ago, the 24-year-old storyteller behind Funboat Diplomacy moved to at least one of this most costly metropolitan areas in the U.S. — San Francisco. In the place of deciding on a traditional living arrangement and likely paying a high price, Weimin decided to continue working at a hostel in return for free accommodations.

‘In an expensive town like San Francisco, you are able to feel a bit smug he says that you live rent-free because it’s a true hack of the established order of things.

Working at a hostel has not merely given him the opportunity to live rent-free, but has also helped him grow personally and professionally. ‘[The work] requires much coordination, compromise and responsibility. It’s a great destination to develop a range of competencies,’ he says.

Weimin at your workplace. Image provided by Weimin Chen.

As for living conditions, he likens it to dorm life, where you share an available room with others, and cleaning is really a team effort. Weimin works three eight-hour changes per week and is liberated to do as he pleases the rest of times. In his free time, he works for distribution service DoorDash to help make extra cash, which they can work around their versatile schedule.

‘Since you’re a volunteer, your supervisor or supervisor can be much more flexible in scheduling and work hours than many other traditional jobs,’ he says.

The downside of this form of residing arrangement? The possible lack of privacy. ‘There is very little privacy, but it becomes a norm eventually — if not right from the beginning,’ he says.

In the event that you’re interested in this arrangement, consider contacting a local hostel and enquire about any work-trade possibilities. Weimin suggests making an impression that is good being social with visitors and developing a fun community for them. Once you get your first gig, he claims it’s easier to get more opportunities, as previous hostel experience could help grab a supervisor’s attention.

He states, ‘People work tough jobs to scrounge money that is together enough rent in these kinds of towns, but in a work exchange [at a hostel], you do a task where you meet amazing individuals and continue unforgettable adventures while having a hand in shaping your very own living area.’

3. Become a pet sitter/house sitter

Another way town dwellers can reduce their living costs is through working as a full-time animal sitter or house sitter. Of course, this arrangement will likely require you to constantly consider your next step, but it’s possible.

I have a friend who worked as a full-time animal sitter/house sitter for a year. She had no address of her own and went from spot to place, looking after dogs, cats and plants.

You will find opportunities on,, and The key is to keep your profile up-to-date and get good reviews from your clients. Referrals are everything!

If you are open to changing locations every few days or weeks, this might be described as a great solution to live at no cost in an expensive city. Just be certain to really have a friend to crash with in the event that you’re in between gigs, and set up a P.O. box.

4. Act as a live-in nanny

Can you love interacting with kids? By working as being a live-in nanny, you might get the best of both worlds: meaningful work with young ones and free rent. Live-in nannies typically get to reside in the family’s household for free, while also getting covered their work.

The drawback: It’s usually a commitment that is full-time meaning it are hard to produce a separation between your work as well as your life. But maybe it’s an excellent fit if you learn the family that is right.

To find live-in nanny opportunities, you can examine out or You may be able to are a nanny that is live-in almost any degree, though a back ground in training could help. So as to get results as a live-in nanny, a love for kids is essential, along with a patient personality and a flexible routine.

5. Get hired being a home supervisor

Some apartment complexes have live-in property managers which can be in charge of handling any issues with renters, working with contractors and everything that is ensuring running efficiently. In trade for working on-site at a building, property supervisors could get free rent.

But work hours may be long. There can be night that is late or emergencies you’ve got to deal with, and also you might have limited flexibility in your schedule, as you’re viewed as the on-call person to deal with tenants’ needs.

If you’re handy with repairs, good with people and organized, this might be a great way to live rent-free and have a spot to yourself. It is possible to contact neighborhood property management organizations and look on

6. Be a resident associate on campus

If you’re in college and wish to lower your expenses, one method to cut expenses while likely to school is to function as being a resident assistant, or RA. As an RA, you might get free space and board in return for supporting dorm residents, planning activities and being the go-to person should any issues arise.

Being an RA typically calls for a commitment of 10 to 20 hours per week, but could be more time-consuming depending on the issues that happen.

Of course this will mean working more often than you are out partying. But it might be a way that is useful reduced expenses — and help you take down fewer student loans.

Can an employer check my credit history?

Yes and no

The answer that is short no, credit bureaus do not share your credit score with employers. Subject to restrictions in state law, employers may, however, ask to see your credit history. When your information is required, credit reporting agencies will send more than a variation of your credit report designed specifically for employers. This means that they will not see quite precisely what a loan provider can see, for example, with the biggest huge difference being the absence of your credit score.

Regulations on access

Access to your credit report is governed by the Fair Credit Reporting Act, which sets the limitations on whenever and by whom your credit information is accessed. The FCRA sets a few restrictions especially on employers who’re making use of credit reports to screen job that is new.

First, your employer must get the consent before checking your credit report, with limited exceptions. No permission, no access to your information, though it’s of course well worth considering what a refusal on your part would indicate to an employer that is possible. In addition, if the potential employer chooses not to hire you based on the report, they must definitely provide you a copy of the report before taking an adverse action (like denying you the employment opportunity) for you to review yourself. This measure is designed to protect consumers from possibly errors that are life-affecting their reports, and also to give the applicant the possibility to deal with and correct those errors.

Beyond the Fair credit rating Act, some state governments have increased laws on credit history checks by employers. As of 2013, 10 states have taken action to ban or restrict employer usage of credit reports, according to the nationwide Conference of State Legislatures, and other states have actually legislated laws of unique. For instance, California legislation generally requires employers to provide you the opportunity to get yourself a free copy of the credit report they request.

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What employers look for

We’ve currently established that companies cannot access your credit small payday loans no credit check score, so what are they in search of exactly? The answer to why employers want to access your credit report at all is quite simple: they are looking to reduce their risk in most cases.

Many employers only look at credit reports to guard themselves against actions that violate ethical standards or behavior that is criminal. A history of negative public information or other derogatory markings could indicate to employers that an applicant includes a record of untrustworthiness or unsavory behavior. Especially for positions that command a lot of responsibility, like government work or medical jobs, or for jobs that require access to company funds, employers could be on the lookout for these sorts of negative indications.

Beyond the signs of illegal activity, your credit report can also tip off employers to a basic lack of duty. A credit report totally free from belated payments and derogatory marks can indicate to a boss which you have the financial maturity and general obligation it takes to handle the career in concern.

Things it is possible to do

Whilst having a credit check in the job application may feel like a tension-filled cherry on top of your stress-soaked sundae, it isn’t all doom and gloom.

Besides growing regulation that limits this practice, credit checks also appear to be declining in appeal amongst employers by themselves. The Society of Human Resource Management, for just one, reports that credit checks are getting to be a ‘disfavored tool’ for employers and suggests that, due to regulation and decreasing interest, this type of background check ‘could potentially vanish from the hiring landscape.’

The other bright side is that you aren’t helpless in this equation. If you’re planning on entering the job search, enroll in credit monitoring to ensure that no unforeseen modifications slip by and look your credit report over to make sure you have handle on what’s being reported now. Simply like every other part of the applying process, make sure you come in prepared, anticipate any possible problems before they happen and reap the rewards of your financial responsibility.

4 strategies to plan a summer vacation that is affordable

Are you itching for a summer vacation but deterred by the money in your money?

While summer getaways can get pricey, there are methods it is possible to lower costs and maybe even earn some cash back.

Listed here are four ways you can maximize your savings and plan an affordable vacation.

  1. Automate your savings
  2. Take advantage of credit card rewards
  3. Get where in actuality the discounts are
  4. Look for techniques to save money on big-ticket items

1. Automate your cost savings

One of the best how to save for your vacation is to automatically transfer funds from your checking account to a separate savings account every time you get paid.

A savings can be opened by you account entirely for the purpose of a holiday. I take advantage of Capital One 360, makes it possible for you to create savings accounts that are numerous. The most useful component? You’ll name your reports and set goals.

Get creative and present them names that will inspire you to keep your eyes on the prize. For instance, you could name your vacation-specific account ‘My much-needed break’ or ‘Italian fantasy.’

Another option is saving with Ally Bank, a savings that are online with exactly what they claim is a higher interest rate ‘than most cost savings records.’ Searching for something different? You could try the savings that are goal-oriented, SmartyPig, a fee-free FDIC-insured online savings account that is held at BBVA Compass bank.

The key is to automatically transfer a portion every time you can get paid therefore you have the money on hand to pay the vacation. Vacations may possibly not be worth it for them, so start saving now if you go into debt. Simply be certain you have enough money to cover all of your bills that you check your accounts frequently to ensure.

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2. Make use of charge card rewards

Want to lessen your overall costs for your trip? For free or low-cost travel or accommodations if you have any miles or points from credit card rewards, you may be able to redeem them.

When I compose this, for example, i’m in Venice, Italy, for dirt cheap. Exactly What ended up being supposed to be a $1,400 flight only cost me $159 and 40,000 United states Airlines kilometers.

Right Here’s how I made it happen: Once US Airways merged with American Airlines, they offered a rewards credit card with a fee that is annual of89. After making one purchase (yes, one), you had been granted 50,000 miles.

On American Airlines, you used to be able getting a round-trip flight to Europe off-season (generally speaking to March) for only 40,000 miles november. Current modifications in AA rewards have increased this add up to 45,000 kilometers.

Therefore with my miles, the $89 yearly fee and an additional $70 in fees and fees, I significantly paid down the price of my air travel.

While credit card rewards may be a convenient way to dramatically lower the cost of travel, it is important to remember that you don’t want to spend more or go into debt just to make miles or points — that defeats the point totally.

But if you’re careful and pay your credit card in full each month, using credit card rewards are a fantastic way to lower your costs.

3. Get where the deals are

Another key to an affordable summer vacation is being flexible about the location. You can save money by avoiding tourist traps and popular hubs that may cost a lot if you don’t have a particular destination in mind. Rather, consider going where the deals are.

‘One of the most effective ways to save lots of on summer travel is being available to traveling anywhere,’ claims Nicole Ballantine, travel blogger at Latitude + Avenue. ‘If you’re open-minded when it comes to location, it is possible to book a flight on a deal, and that can save yourself plenty of cash since airfare tends become the most costly part of a journey.’

You should use sites like, and to look for the cheapest deals in your area.

4. Look for means to save cash on big-ticket items

From airfare and hotel stays to gas, food and more, happening getaway can quickly get expensive. Instead of focusing on cutting straight back small luxuries, focus on saving money on big-ticket items and getting cash back for your purchases.

When airfare that is booking accommodations and much more, make use of web site like that gives cash-back rebates on specific acquisitions. Additionally, listed here are some tips to get the best deals on those purchases that are big.


Give consideration to traveling during off-peak times, such as overnight or early in the morning — and not on the weekends (if possible).

‘Be nontraditional. Don’t fly on weekends. Depart on a Tuesday or Wednesday and return on a Tuesday or Wednesday. Shifting days can save you at least 20%, plus in summer time I’ve seen it up to 50%,’ says Clem Bason, CEO of goSeek.

It assists to book your seats a few months in advance to ensure you get the most useful price. According to an airfare that is annual by, The time that is best to book a domestic U.S. flight is 54 days in advance.

Their research additionally unearthed that the time that is best to buy worldwide flights can vary anywhere from 70 days in advance to 320 days, depending in the location.

Additionally, it also may help to check on air companies’ social media profiles for any additional discounts.


Hotels can be expensive, so consider getting a private room in a hostel. You can also consider Airbnb or perhaps a house exchange to cut costs.

Before booking, you need to read reviews from other users regarding hostels that are potential Airbnb lodgings to get a better notion of where you’re staying. You could pose a question to your friends for recommendations on places or certain areas to stay in or avoid.


Dining out three times a day is really a way that is surefire increase your expenses. Start thinking about going to the regional grocery store to obtain some meals for breakfast and meal. You can even do your own cooking for a few meals if you have access to a kitchen. For regional dining out deals within the U.S., look on deal-of-the-day internet sites like and