Category: Student Finances

6-Month Lease Apartments: Pros and Cons of Short Term Rentals

When it’s time to find a new apartment, you’ll likely come across 12-month lease apartments. For one reason or another, you may not want to commit to a full year in the same apartment. If you’re looking for a short-term lease, you possibly could find an apartment with six-month leases that will provide a little more flexibility with a shorter contract period.

Just like everything else, six-month leases have their pros and cons and they may or may fit your life — depending on where you’re at in life and what you need in an apartment.

Keep reading to see if a six-month lease apartment is right for you.

Rent sign.

What are 6-month lease apartments?

A six-month lease apartment is an apartment that offers short-term leases that are only six months long rather than the typical 12-month lease or a pure month-to-month agreement.

The pros of 6-month lease apartments

There are lots of positive reasons to choose a six-month lease apartment over a typical 12-month lease. Here are some of the best things about them.

Flexibility for any situation

If you’re in a situation where you’re not sure how long you’ll be living somewhere, short-term apartment rentals are a great way to go.

You may move to a new city and want to feel it out before fully committing or maybe you’re looking to buy a house, but aren’t sure how long you’ll be looking before you find one. In any case, a six-month lease apartment makes it so you aren’t tied down for a whole year.

After six months, you can decide whether or not you like the apartment and the area and sign a new lease. Or if you don’t like it, you’re free to move onto greener pastures.

Changing terms

You may have found a place you like living in for the most part, but there are always a few things that could use changing in the lease terms. Once you’ve lived there for a few months, you’ll probably have a list of lease terms you’d like to change.

Maybe there’s something you’d like to add or remove from your rental contract, such as you’d like to see a few cosmetic updates or you’d like to get a pet.

You can re-negotiate the terms after 6 months, once you’ve gotten a feel for the apartment and know what else you want (or don’t want).

Easy to renew

Making a shorter commitment makes sense for some people. Even if you’re planning on living in the same apartment for a few years, just the thought of being able to move without worrying about breaking your lease makes it less stressful when apartment searching.

Cons of 6-month lease apartments

While there are many great things about six-month apartment leases, there are also some drawbacks.

Possibly more expensive

Since landlords know those looking for shorter-term leases are looking for flexibility, they also know that many short-term tenants are willing to pay for that flexibility.

You may end up paying a little more in rent each month for a six-month lease or you might have a higher deposit to pay upfront.

Changing terms

It is nice for you to ask about adding or removing certain terms from your contract if you decide to re-sign a six-month contract, but your landlord can also pose changes of their own, such as rent increases or new policies in the lease contract that they may decide not to negotiate about.

Frequent credit pulls

Some landlords will do a credit check every time you renew your lease, which can affect your credit score over time. After having your credit pulled, it usually takes at least three months for it to bounce back.

It can sometimes take a year or longer for credit scores to go back to normal, so if landlords are inquiring about your credit frequently, just know you might have a hard time keeping your credit score up.

person signing a 6-month lease apartments rental contract

Risk of not being able to renew

While most apartments will let you renew if you’re a good tenant, some reasons exist why they won’t let you.

Renovations or new building ownership often come into play when renewing is not an option. So if you were planning to renew for another six-month term, but your apartment won’t allow you to renew, you may find yourself moving frequently or suddenly scrambling to find a new place to live.

Fewer options

If you’re looking for a six-month lease apartment, they’re typically harder to find than those with 12-month leases.

Short-term apartment rentals have lower inventory and move pretty quickly on the market, so you may end up looking for a while before you find one that works for you.

Who should rent 6-month lease apartments

A six-month lease apartment might be the best option for you if:

  • You’re planning on purchasing or building a house and aren’t sure when you’ll be moving into your new home
  • You’re a student and will be studying in the area for only a semester
  • You recently relocated to a new city and want to explore the area before deciding on a place to call home
  • You don’t like living in the same place for long and enjoy exploring new areas

There are other reasons why a short-term apartment rental might be a good option, it will all depend on what’s happening in your life.

How to find 6-month lease apartments

Finding a six-month apartment lease is a challenge and take time, but finding the right one to fit your needs is still possible! So don’t waste any time — check out short-term apartments now and start planning your move!

The post 6-Month Lease Apartments: Pros and Cons of Short Term Rentals appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

DC Studio Apartments Offering One or Two Months Free

studio-apartments-offering-two-months-free

If you are in the market for a new apartment, this is the absolute best time to secure a new place. Apartments and neighborhoods where you never were able to get concessions are now giving away up to two months free. This is of course due to the fact that while many people were able to work from home, they took that opportunity to leave their Washington, D.C. apartments and move out to the suburbs or home with mom and dad or become digital nomads. That left many apartment buildings with vacancies to fill and that’s where your luck begins!

Last month we highlighted apartments with move-in specials. This week, we are highlighting DC Studio Apartments offering two months free. You’ll see there is a wide range of offerings from rent control apartments in Northwest DC to brand new luxury apartments in SE neighborhoods like Capitol Riverfront.

Act quickly, as soon as the summer heats up and there are more signs of movement in the District, you will see prices start to rise and rent specials dry up.


Hilltop-House-kitchen

Hilltop House

1475 Euclid Street NW Washington, DC.

844-259-7670

Studios starting at $1350

Get TWO MONTHS FREE

Hilltop House is in the Adams Morgan neighborhood in NW Washington, D.C. The building has mostly studios, but on occasion, a one or two-bedroom apartment comes available. The building is within walking distance of Safeway and Harris Teeter and many restaurants. All utilities are included in your rent price.


The Shawmut

2200 19th Street NW, Washington DC

844-300-2186

Studios starting at $1350

Get TWO MONTHS FREE on Studios

The Shawmut is a pet-friendly community in the Adams-Morgan | Kalorama Neighborhod. The building is in walking distance of many restaurants, grocery stores, and shops.

Apartments-with-one-month-free-2800-woodley

2800 Woodley

2800 Woodley NW, Washington DC

833-623-4036

Get One and a Half Months Free

Studios starting at $1495

2800 Woodley is a gorgeous building set back in a tree-lined residential neighborhood just four blocks from the Woodley Park Metro. The apartments have shining parquet floors, energy efficient appliances, and all utilities are included with your rent.

apartments-with-two-months-free-brunswick-house

Brunswick House

1414 17th Street NW, Washington DC

844-287-1930

Get Two Months Free on Studios

Studios starting at $1395

Brunswick House is conveniently located near the Dupont Circle Metro. It is also within a few blocks of Whole Foods Market and a number of restaurants. Brunswick House Apartments have hardwood floors and all utilities are included with the rent.

apartments-with one-month-free-DC-Meridian-Park-Apartments

Meridian Park

2445 15th Street NW, Washington DC

833-233-2513

Get Two Months Free on Studios

Studios starting at $1390

Meridian Park Apartments have a fantastic location between Adams Morgan and Columbia Heights. The apartment community is located right next to Meridian Park, walking distance to multiple metro stops and just blocks from two grocery stores.

Avec-on-H-1-Bedroom-AV1adBMx-Kitchen(1)

Avec on H

901 H Street NE, Washington DC

833-715-2382

Get Two Months Free on Studios

Studios starting at $1541

Avec on H is a brand new apartment community on H Street. The building has a two-block long rooftop with a pool, grilling areas, community garden, dog park and outdoor living rooms. The community also has a fitness center and clubroom. Right now they are offering two months free on studio apartments.

That’s our round-up of studio apartments in DC offering up to two months free. Want to see more options? Do a free search at apartminty.com and sign up for the mailing list to get notified as more specials come available!

Read DC Studio Apartments Offering One or Two Months Free on Apartminty.

Source: blog.apartminty.com

Why UGMA/UTMA Accounts Are the Perfect Holiday Gift

If you have a special child in your life, you may be wondering what to put under the tree this year. One long-lasting and truly meaningful way to show the child in your life that you care is by taking a few minutes to set up a UGMA/UTMA account and give them a leg up in life.

The earlier you open a UGMA or UTMA account for a child, the longer your initial gift has to grow, thanks to the magic of compound interest. For example, investing just $5 a day from birth at an 8% return could make that child a millionaire by the age of 50. By setting up a UGMA/UTMA account, you’re really giving your beneficiary a present that grows all year round. Now, that’s a gift they’re sure to remember!

What is a UGMA/UTMA account?

UGMA is an abbreviation for the Uniform Gifts to Minors Act. And UTMA stands for Uniform Transfers to Minors Act. Both UGMA and UTMA accounts are custodial accounts created for the benefit of a minor (or beneficiary).

The money in a UGMA/UTMA account can be used for educational expenses (like college tuition), along with anything that benefits the child – including housing, transportation, technology, and more. On the other hand, 529 plans can only be used for qualified educational expenses, like summer camps, school uniforms, or private school tuition and fees.

 

It’s important to keep in mind that you cannot use UGMA/UTMA funds to provide the child with items that parents or guardians would be reasonably expected to provide, such as food, shelter, and clothing. Another important point is that when you set up a UGMA/UTMA account, the money is irrevocably transferred to the child, meaning it cannot be returned to the donor.

 

Tax advantages of a UGMA/UTMA account

The contributions you make to a UGMA/UTMA account are not tax-deductible in the year that you make the contribution, and they are subject to gift tax limits. The income that you receive each year from the UGMA/UTMA account does have special tax advantages when compared to income that you would get in a traditional investment account, making it a great tax-advantaged option for you to invest in the child you love.

 

Here’s how that works. In 2020, the first $1,100 of investment income earned in a UGMA/UTMA account may be claimed on the custodian’s’ tax return, tax free. The next $1,100 is then taxed at the child’s (usually much lower) tax rate. Any income in excess of those amounts must be claimed at the custodian’s regular tax rate.

A few things to be aware of with UGMA/UTMA accounts

While there’s no doubt that UGMA/UTMA accounts have several advantages and a place in your overall financial portfolio, there are a few things to consider before you open up a UGMA/UTMA account:

 

  • When the child reaches the age of majority (usually 18 or 21, depending on the specifics of the plan), the money is theirs, without restriction.
  • When the UGMA/UTMA funds are released, they are factored into the minor’s assets.
  • The value of these assets will factor into the minor’s financial aid calculations, and may play a big role in determining if they qualify for certain programs, such as SSDI and Medicaid.

Where you can open a UGMA/UTMA account

Many financial services companies and brokerages offer UGMA or UTMA accounts. One option is the Acorns Early program from Acorns. Acorns Early is a UGMA/UTMA account that is included with the Acorns Family plan, which costs $5 / month. Acorns Early takes 5 minutes to set up, and you can add multiple kids at no extra charge. The Acorns Family plan also includes  Acorns Invest, Later, and Spend so you can manage all of the family’s finances, from one easy app.

 

During a time where many of us are laying low this holiday season due to COVID-19, remember that presents don’t just need to be a material possession your loved one unwraps, and then often forgets about. Give the gift of lasting impact through a UGMA/UTMA account.

The post Why UGMA/UTMA Accounts Are the Perfect Holiday Gift appeared first on MintLife Blog.

Source: mint.intuit.com

10 Things to Know About Living in Miami

Miami: the historic city of sunshine and vice.

Although it’s garnered an international reputation as a famously sun-bleached party town, living in Miami is so much more than that. Is it a constant party? Yes. Does the sun shine all year long? Also yes.

But when you aren’t getting your fill of luxurious libations, Miami provides some of the best restaurants in the country and an art scene that draws collectors from every continent.

Interested in a richer, more colorful urban life? Then hop on the Metrorail to Brickell and come see what all the hype about living in Miami is about.

1. Living in Miami is pricey

This is, perhaps, the single greatest disclaimer that we must make about Miami. For all of its many charms, it’s not a bargain destination. With a composite cost of living index of about 116 according to the Council for Community and Economic Research, it sits above, even if not outrageously so, the national average.

In fairness, the majority of that sticker is attributed to the cost of housing, which comes in at a whopping 49 points above the national average, even though things like healthcare and utilities will generally be as affordable or cheaper than the rest of the country. The bottom line: Miami requires careful budgeting and some financial flexibility.

2. There’s no state income tax

Now, if the cost of living gave you pause, never fear. The state’s tax structure does some leg work to offset the sticker shock of rent. First, there’s no state income tax. The absence of this payroll deduction line item will help you to save far more on an annual basis than in many other parts of the country.

And if that’s not enough, Miami’s sales tax is only 7 percent, which is slightly below the national average and well below many other large metropolitan centers like Boston and Atlanta, which ask 8.5 percent and 8.9 percent, respectively.

miami weather

3. It has the greatest weather all year long

Don’t get us wrong, the summers are hot. Most use the opportunity to capitalize on what are widely considered some of the most beautiful beaches on earth with a tropical drink in hand.

And then, consider this: While much of the country begins to layer, stack firewood and hunker down for a long dark winter, Miami is still thriving with highs in the 70s and lows in the 60s. Warm enough to go outside and cool enough to feel crisp. What’s not to love?

4. The Heat are a religion

If you’re considering going to be living in Miami, you need to understand something. In 2010, there was a stretch of time during which Miami-Dade County was officially renamed “Miami-Wade County” after the then star shooting guard of the Miami Heat franchise, Dwayne Wade.

It’s important context because this town takes its basketball very seriously. And why shouldn’t it? The Heat are three-time NBA champions and boast a roster of alumni that includes Shaq, Wade, LeBron and, now, Jimmy Butler. And between friends, there aren’t a lot of other professional sports worth celebrating in the area. Yes, we went there.

5. Public transit will get you there

Miami traffic is very, very bad. Like top 10 worst in the country bad. There’s no way around that fact. But it shouldn’t be a deal-breaker. Miami makes up for this less-than-super superlative by providing a multitude of effective public transit options.

The Metrobus services a massive geographical region from Fort Lauderdale on down to the Keys. If you’re staying local, the Metrorail has an elevated rail network that connects all of Miami-Dade, Broward and Palm Beach counties.

If you’re staying even more local, the Metromover is a free service that operates seven days a week in the downtown and Brickell area and accesses popular attractions like American Airlines Arena, home to the aforementioned Miami Heat.

miami beaches

6. The beaches are nothing short of spectacular

If we’re being honest, this should have been item No. 1. Miami has always been and will always be immediately associated with the beach and for good reason. Miles of pristine and fully public beaches make up the entire eastern border of the city.

Whether you’re looking for eternal spring break on South Beach or a more remote getaway on Key Biscayne, Miami has a beach for every speed. Bring sunscreen.

7. You’ll eat well in Miami

Miami is not just considered the unofficial hub between North and Latin America, it exists at the cultural nexus of the world. And this multi-national, socio-cultural identity expresses itself nowhere as conspicuously as in food.

Miami boasts a pan-Latin and east Asian culinary landscape like none other. With celebrity chefs and ritzy hotel bars co-mingling with cozy neighborhood eateries and cafecito mainstays, there are more than enough pastelitos to go around everywhere from Brickell to the Gables. Every year, the “Miami Spice” food festival produces tasting menus all over town by which you can become acquainted.

8. Miami is a Latin American vacation in and of itself

Miami is, in no uncertain terms, a Latin city. Seven in 10 residents are Latin American, and that number represents almost every Spanish-speaking country on earth and their every dialect and sociolect.

It’s impossible to overstate the richness of colors, sounds and flavors that you’ll see and smell while living in Miami — everywhere from Espanola Way to historic Little Havana. The music, food and people will have you exploring rent prices by the second day.

9. Miami is a constant party

Some stereotypes are earned, and Miami’s reputation as America’s nightclub is certainly among them. Miami’s bar and club scene is a $2 billion industry employing 25,000 people and keeping the bass thumping all year long up and down Ocean Drive.

From salsa to dubstep, Miami has a dance hall or speakeasy to suit your Saturday-night sensibility.

miami murals

10. The city is an art museum of its own

Few cities love their art the way Miami does. It’s a passion that starts with the historic Art Deco hotels of Miami Beach and surges through the trendy Wynwood Walls into the summer when Art Basel rounds out its international tour in Miami. For five days, almost 90,000 people come to see art presented by leading international galleries from dozens of countries in the hopes of expanding their collections and Instagram feeds.

Just walking around the city for an afternoon is like a leisurely stroll through your favorite museum. And don’t worry, there are plenty of those, too! From the Lowe to the Perez, there are plenty of traditional experiences, as well.

Living in Miami is an experience

Life in Miami is unlike anywhere else in the world. A booming economic center collides with a rich cultural collage to produce one of the most enriching and quickly evolving cities on earth. Pull up a beach chair, break out the guava-based treats and join the year-round party that is Miami.

We’ll see you there.

The post 10 Things to Know About Living in Miami appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

Property Spotlight of the Day-Crescent Park

The Best Apartment Deals In DC Right Now | Cheap DC Apartments

We’re all about scoring a good deal here at Apartminty.  While we love perusing the top-of-the-line luxury apartments in DC, we also understand, sometimes an affordable rent is the better option. Either way, instead of you searching for Washington, DC apartments on Craigslist and property management company listing sites, we are delivering our choice of the best apartments to rent in DC right now.  Here’s our pick for the best Washington, DC apartment in Columbia Heights for rent today. Want more information on moving to DC? Check out Apartminty’s  Ultimate Guide to Moving to Washington, DC.

window.addEventListener(‘LPLeadboxesReady’,function()LPLeadboxes.addDelayedLeadbox(‘147bc2c73f72a2:17c8039fb746dc’,delay:’30s’,views:0,dontShowFor:’0d’););

 CRESCENT PARK

Crescent Park Apartments 

2 Elmira Street SE
Washington, DC 20032

1 Bedroom/1 Bath
$1115/month
Unit #: 3
710 Sq Ft
Available Now

Why it’s a great deal:
If you are looking for a true rental deal, Crescent Park is a dream.  Located right off of South Capitol Street, these spacious apartments come equipped with hardwood floors, updated kitchens, and free basic cable. With on-site maintenance and management teams, on-site laundry facilities, and the ability to pay your rent online! Looking for something a little different? Check out Apartminty’s guide How to Find an Apartment in DC.

SCHEDULE A TOUR

Read Property Spotlight of the Day-Crescent Park on Apartminty.

Source: blog.apartminty.com

Are All the Food Delivery and Subscription Services Worth It?

We’re living in an age of convenience. Groceries can be delivered, clothes can be picked out for you and just about every TV show and movie ever made can be beamed straight into your living room. If I had the money, I could get pretty much everything I need without ever leaving my house.

But unfortunately, I don’t have the money. Do you?

As our society has collectively fallen in love with subscription services, many of us have let them take over our budget. Because these are recurring expenses, it’s all too easy to sign up and forget about your card being charged every month.

It’s time to finally ask yourself -are all of these subscription services worth the money?

Are You Spending Too Much on Subscription Services?

Before you can decide if meal subscription and delivery services are eating up too much of your budget, you have to figure out how much you’re spending on them. This is a very subjective and personal question that depends on your income, total spending and other goals.

Look at your monthly subscription and food delivery spending in Mint, checking to see if the numbers align with your budget. Take the time to sort and categorize the transactions if you haven’t done so in a while. It may help to look through several month’s worth of expenses, because some subscription services like FabFitFun only ship once a quarter.

Spending may also vary based on the seasons or other external factors. You may spend more on food delivery services during final exams because you’re too busy to meal plan. If the seasons change and you don’t have any clothes, you may spend more on personal styling services.

Once you have an accurate account of how much you spend, compare it to your income and other expenses. Spending $50 a week on a meal kit service doesn’t mean anything without context. You need to know how that compares to your other expenses.

How to Cut Down on Subscription Services

If you found that you’re overspending on subscription services, it doesn’t mean that you need to cut them out entirely. Think about how much value each service provides to your life, and prioritize where your money is going.

Make a list of all the subscription services you currently have and how much you spend on them each month. Then rank the subscription and delivery services from most important to least.

Write down how often you actually use the products or services. Be honest with yourself. The goal is to keep the boxes and services that you actually use, love and enjoy on a regular basis. This can help you identify which services don’t fit into your lifestyle – or budget.

Try to be as objective and ruthless as possible here. Yes, you may love getting the monthly Stitch Fix box in the mail, but do you actually keep the clothes they send? Learning to cook with Blue Apron may be a worthy goal, but do you actually like the meals they send?

Once you have a list of essential subscriptions, look at your budget again and determine how much money is left for those services. If the available amount is greater than the total cost, you’re in the clear.

However, if the amount is more than you can afford, it’s time to go back to the drawing board. If you absolutely can’t bear the thought of parting with your subscriptions, you’ll have to look at cuts you can make in other spending categories.

How to Save on Subscription Services

Chances are, you’re paying more for some of your subscription services than is absolutely necessary. Most video streaming services let you watch multiple screens at once so you can split it with friends or family. Some even have student deals if you have a university email address. Your school may even have its own special agreements with certain providers.

If there are a lot of subscription services you want to keep, consider alternating which ones you use throughout the year. Most subscription and delivery services make it easy to cancel and resubscribe later.

For example, if you have a beauty box subscription and a bathroom full of toiletries, quit the service until you’ve used most of the products. Many of these products expire, so you’ll be saving money and cutting down on waste.

If you subscribe services but only use them during a particular season, like a streaming service tied to a seasonal sport, get rid of them and reactivate when you’re ready. You can also do this with streaming services that only have a few shows you’re interested in. Once you’re done watching Stranger Things, for example, you can deactivate your Netflix membership for no penalty.

Seek Alternative Ways to Save

Looking for cheaper versions of your favorite services can also help you avoid overspending. Some grocery stores now have meal kits similar to Blue Apron or HelloFresh. It’s not as convenient, but it’s a much more affordable alternative.

Many companies give customers referral codes they can send out to friends and family. When people use your referral codes, you’ll earn free credit or cash. For example, Barkbox provides a free month if someone signs up for a six or 12-month membership through your referral link.

Sometimes companies will have a special coupon for new customers that use referral codes, like Stitch Fix who provide a $25 bonus for both the new customer and the one who referred them.

You can share these links on social media, by text or through email. Some programs have a limit on how much you can earn with referral codes, but it never hurts to try. If you end up exceeding that amount, you can apply for their official affiliate program to earn cash instead of credit.

If you do cancel a program, check your bank account to make sure you’re no longer paying for it. Some services are guilty of occasionally charging former subscribers even after they’ve quit.

Which subscription service are you going to cut back on this year? Let us know in the comments!

The post Are All the Food Delivery and Subscription Services Worth It? appeared first on MintLife Blog.

Source: mint.intuit.com

My Parents Can’t Afford College Anymore – What Should I Do?

When most parents offer to fund their child’s tuition, it’s with the expectation that their financial circumstances will remain relatively unchanged. Even with minor dips in income or temporary periods of unemployment, a solid plan will likely see the child through to graduation.

Unfortunately, what these plans don’t tend to account for is a global pandemic wreaking havoc on the economy and job market.

Now, many parents of college-age children are finding themselves struggling to stay afloat – much less afford college tuition. This leaves their children who were previously planning to graduate college with little or no debt in an uncomfortable position.

So if you’re a student suddenly stuck with the bill for your college expenses, what can you do? Read below for some strategies to help you stay on track.

Contact the University

Your first step is to contact the university and let them know that your financial situation has changed. You may have to write something that explains how your parent’s income has decreased.

Many students think the federal government is responsible for doling out aid to students, but federal aid is actually distributed directly by the schools themselves. In other words, your university is the only institution with the authority to provide additional help. If they decide not to extend any more loans or grants, you’re out of luck.

Ask your advisor if there are any scholarships you can apply for. Make sure to ask both about general university scholarships and department-specific scholarships if you’ve already declared a major. If you have a good relationship with a professor, contact them for suggestions on where to find more scholarship opportunities.

Some colleges also have emergency grants they provide to students. Contact the financial aid office and ask how to apply for these.

Try to Graduate Early

Graduating early can save you thousands or even tens of thousands in tuition and room and board expenses. Plus, the sooner you graduate, the sooner you can get a job and start repaying your student loans.

Ask your advisor if graduating early is possible for you. It may require taking more classes per semester than you planned on and being strategic about the courses you sign up for.

Fill out the FAFSA

If your parents have never filled out the Free Application for Federal Student Aid (FAFSA) because they paid for your college in full, now is the time for them to complete it. The FAFSA is what colleges use to determine eligibility for both need-based and merit-based aid. Most schools require the FAFSA to hand out scholarships and work-study assignments.

Because the FAFSA uses income information from a previous tax return, it won’t show if your parents have recently lost their jobs or been furloughed. However, once you file the FAFSA, you can send a note to your university explaining your current situation.

Make sure to explain this to your parents if they think filing the FAFSA is a waste of time. Some schools won’t even provide merit-based scholarships to students who haven’t filled out the FAFSA.

Get a Job

If you don’t already have a job, now is the time to get one. Look at online bulletin boards to see what opportunities are available around campus. Check on job listing sites like Monster, Indeed and LinkedIn. Make sure you have a well-crafted resume and cover letter.

Try to think outside the box. If you’re a talented graphic designer, start a freelance business and look for clients on sites like Upwork or Fiverr. If you’re a fluent Spanish speaker, start tutoring other students. Look for jobs where you can study when things are slow or that provide food while you’re working.

Ask anyone you know for suggestions, including former and current professors, older students and advisors. If you had a job back home, contact your old boss. Because so many people are working remotely these days, they may be willing to hire you even if you’re in a different city.

It may be too late to apply for a Resident Advisor (RA) position now but consider it as an option for next year. An RA lives in the dorms and receives free or discounted room and board in exchange for monitoring the students, answering their questions, conducting regular inspections and other duties.

Take Out Private Loans

If you still need more money after you’ve maxed out your federal student loans and applied for more scholarships, private student loans may be the next best option.

Private student loans usually have higher interest rates and fewer repayment and forgiveness options than federal loans. In 2020, the interest rate for federal undergraduate student loans was 2.75% while the rate for private student loans varied from 3.53% to 14.50%.

Private lenders have higher loan limits than the federal government and will usually lend the cost of tuition minus any financial aid. For example, if your tuition costs $35,000 a year and federal loans and scholarships cover $10,000 a year, a private lender will offer you $25,000 annually.

Taking out private loans should be a last resort because the rates are so high, and there’s little recourse if you graduate and can’t find a job. Using private loans may be fine if you only have a semester or two left before you graduate, but freshmen should be hesitant about using this strategy.

Consider Transferring to a Less Expensive School

Before resorting to private student loans to fund your education, consider transferring to a less expensive university. The average tuition cost at a public in-state university was $10,440 for the 2019-2020 school year. The cost at an out-of-state public university was $26,820, and the cost at a private college was $36,880.

If you can transfer to a public college and move back home, you can save on both tuition and housing.

Switching to a different college may sound like a drastic step, but it might be necessary if the alternative is borrowing $100,000 in student loans. Remember, no one knows how long this pandemic and recession will last, so it’s better to be conservative.

The post My Parents Can’t Afford College Anymore – What Should I Do? appeared first on MintLife Blog.

Source: mint.intuit.com

How to Find Apartments with Move-In Specials

Home is where the heart and all your stuff is, so you probably want it to be pretty nice. Just not break-the-bank nice. There are a few easy ways to save before signing on the dotted lease line, fortunately. Do your wallet a big favor and check out these tips for finding the biggest and baddest apartments with move-in specials.

How to find apartments with move-in specials with Apartment Guide

Apartment Guide is making it easier than ever to know which properties offer the biggest bang for your buck by tagging them with a hard to miss, but easy to use hot deals badge.

Follow these easy steps and you’ll be on your way to saving money on your next apartment lease.

1. Search for apartments in your city or neighborhood

Visit Apartment Guide and search as you normally would using filters to narrow in on your desired city, neighborhood, price and features. You can easily select a Hot Deals filter option, which will only show apartments in your search that have an active deal for you.

hot deals filter

In addition, as you’re scrolling through your full list of properties, you’ll notice a friendly red badge that says “Hot Deals” or “Deals” with your special offer.

apartments with move-in deals

 

2. Claim your move-in special

When you click on a property, you’ll know if it has an active deal when you see the red word “Deals” in an icon under the photos. Click on that badge or scroll down the page to see what special is currently being offered. It could be anything from a months’ free rent to a gift card when you sign a lease.

apartments with move-in deals

 

Then click on “Check Availability” to fill out your name and contact information and it will be sent to the property along with your move-in special. Someone from the community will contact you shortly.

While you’re on the page, you can also sign up for virtual tours, if they are available.

tour from home

 

Other tips for finding apartments with move-in specials

There’s no reason to stop there. Double (or triple) up on the savings by heeding a few of these tried-and-true tips for scoring the best apartment deals.

Timing is everything

No one wants to move during the busy holiday season, much less when it’s oh-so-chilly outside. So take advantage of everyone else’s hesitation and cash in on apartment community promotions that run rampant from October to December. Happy New Year, indeed.

Act quickly

If a deal seems too good to be true it probably isn’t going to be there long. Starting a few months before the big move, monitor rental prices in your desired area. This will give you a better idea of what’s fair to pay and what a true apartment deal looks like. That way, when a truly great promotion or rent reduction pops up you’ll be able to swoop in and grab it right away.

Rent new

Although it seems pretty backward, it can sometimes be cheaper to score a brand-new unit. This is because newbie communities have a lot of space to fill, so they run excellent specials to get people in the door. Just make sure your rent and amenity fees won’t get jacked up without your consent in a year or two.

Make the ask

Many people don’t realize that rental rates aren’t set in stone. If a community is struggling to fill units they’ll be more likely to throw you a bone or two, in the form of reduced rent or waived fees. Don’t be afraid to check out these potential caveats. The worst thing they can say is no, right?

negotiating

Brag a bit

Now’s not the time to be modest. Landlords would far prefer to have reliable renters in place, so if you have an impeccable credit history and references go ahead and drop this info like it’s hot. Be sure to include your score, if you know it. The apartment community is more likely to offer discounted rent to a sure thing, rather than someone who’s racking up debt all over.

Explore payment options

Some apartment communities have flexibility as to whether you pay month-to-month or upfront for a certain period of time, such as three, six or even 12 months. If you have the savings this could land you a discounted rent rate since they’ll already have your money in the bank. This apartment deal will cost you more upfront but will save plenty in the long-term.

Don’t be a diva

Sure, you might want a view of the bay or whatever, but if it works better with your budget to rent a middle floor unit it’s probably smart to make the concession. The same goes for ultra-desirable first-floor units. It’s simply cheaper to snap up a middle unit.

You can also save major bucks by opting for a community with onsite, rather than in-unit laundry. This minor inconvenience can net big savings in the end.

The same concept goes for fixer-upper units. Although it’s lovely to move into a turnkey place with a fresh coat of paint, pristine hardwoods and gleaming stainless steel, it’s also going to be reflected in the rent price. So think about what you really need, versus what you really want, all with your budget in mind. Many communities will approve minor repairs and upgrades, so check into that option and do the work yourself for a fraction of what they would have up-charged you!

Cast a wider net

Sure, you want to be in the trendy part of town, but it’s not worth being near all the hot spots if you have no money left over after rent, utilities and amenity fees to enjoy them. Instead, move a little further out to find the unit you want at a price that won’t break you. Then use ride-shares or public transportation to get you where you need to go if you don’t have your own wheels.

Find your apartment with move-in specials today

Searching for an apartment can be overwhelming in more ways than one. A little extra diligence on the front end, however, is likely to net big savings in the end.

So whether it’s a coupon, selecting a basement abode or a combination of the two, take a beat to figure out what you really want, when you want it and what you’re willing to give up to reap the best cash savings possible.

The post How to Find Apartments with Move-In Specials appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

Apartment Highlights: Aura Pentagon City

Camden Midtown Houston Apartments Property Highlight

Sponsored Post-All images provided courtesy of Polinger Management Company

Apartment Community Spotlight: Aura Pentagon City

Aura at Pentagon City is the destination address that proves you don’t have to live in the District of Columbia to be a true resident of the nation’s capital. Your new address is the center of the DC Metro area, including all commuter routes and, of course, the area’s parks, shopping, dining, and nightlife options. A quick walk–just blocks from either the Pentagon City or Crystal City Metro and you’re home!

Choose a beautiful studio, one or two-bedroom apartment home that’s designed just the way you like it, with just enough space for your needs. Apartment homes range in size from 519 square feet to 1,243 square feet and with nearly 20 options to choose from, you’re sure to find a floorplan that suits your life. And our favorite feature; they’re pet-friendly! 

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Aura Pentagon City truly makes residents feel at home. They treat residents with high-end customer service, regardless of the situation. In addition to the wonderful team at Aura Pentagon City, the community amenities are top-notch. Whether you value underground parking, outdoor space, a business center, valet dry cleaning, rooftop pools and sundecks, on-site maintenance, fitness center, and even a dog park for your four-legged friend,  they have it all — and more.  Two resort-style pools, a fully equipped fitness center, and concierge are our favorites! Additionally, there is on-site parking, trash and recycling, and on-site dry cleaning. Can you think of anything missing from this community, because we can’t!

 

All in all, Aura Pentagon City is our community of choice when it comes to the Pentagon City neighborhood. The lux amenities, stellar service, and its central location are our main reasons why we love it. If you are looking into making Arlington, Virginia your home, Aura Pentagon City should be at the top of your list – we promise you’ll love it!

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Read Apartment Highlights: Aura Pentagon City on Apartminty.

Source: blog.apartminty.com