One of the milestones of adulthood used to be owning a home and all the renovation plans that came along with it. But these days, with over 70 percent of millennials choosing to rent over owning home, the markers of adulting have changed. Now, it's all about giving your rental some grown-up upgrades that are landlord-friendly and won't put a major dent in your bank account. Call it investing in yourself, or making your house a home without all the headaches of high-end renovations. Behold: Your idea inspiration.
Paper Your Walls
There was a time when wallpaper cost a fortune and required some serious elbow grease (A.K.A. glue) to apply. And should you have a change of heart, forget that paint job underneath. But things have changed with the advent of peel-and-stick wallpaper. Now you can upgrade any room in your rental without making too much of a financial or emotional commitment. Wayfair, Home Depot and Etsy all sell removable wallpaper in a variety of colors and patterns for as little as $1.25 per square foot. Give your living room an accent wall, paper your staircase or upgrade your bureau in a matter of minutes. You can also find decals and murals that give your walls a hand-painted look. When it's time to move on, peel 'em off and nobody will be the wiser.
Divide Those Rooms
While we wouldn't recommend hiring an architect to redesign your rental without some serious cash and the approval of your landlord, there are some low-budget tricks for dividing up rooms for more privacy. Some simple strategies include recruiting a tall bookcase or employing thick curtains and a suspension rod. (Here's has a ready-made kit for under $100). If you're feeling a little groovier, why not hang some $40 beaded or macrame panels to separate your space while still letting in the sunlight? If you're dead-set on a door, you could splurge on a sliding door kit which will run you around $700 (plus installation if you're not the DIY type), or tackle this Ikea hack which transforms elements of the PAX storage system into a partition wall and sliding door for a completely separate room. In fact, IkeaHackers.com has an archive of room dividing ideas courtesy of the low-cost furniture hub and some creative handy-work.
Upgrade the Bathroom
You can spruce up a dated bathroom on a renter's budget with a few small tweaks. Architectural Digest's Amanda Sims suggests swapping out the toilet seat cover for a wooden one (about $16 on Amazon), and painting over weathered grout. If you really want to make a splash, paint or peel-and-stick your way to new walls. "Using paint or temporary wallpaper, cover the walls of your bathroom to work with the old-timey or really basic tile you've already got," explains Sims. "So if the tiles are butter yellow, make sure the walls are crisp white, or a wallpaper with a tinge of yellow that complements them…anything but sickly yellow matching walls." Another trick is to replace the bathroom cabinet with an ornate mirror for an antique look, and to swap out the standard overhead light with a more dramatic sconce, or even a pendant light. (West Elm has some reasonably priced options.)
Modernize That Kitchen
You may not be ready to replace your old cabinetry, but a simple paint job will spiff up any yellowing wood. Remodelista's Margot Guralnick suggests going with a semi-gloss, gloss or satin. "The harder the finish the better," she writes. "Matte paint on kitchen cabinets is impractical; I wouldn't even use eggshell finish. You want a surface that's durable and wipeable, so you won't be painting again for at least a few years." Next up, the backsplash. You can purchase faux, stick-on tiles (4 panels for $11.99 from Bed Bath and Beyond) or water-resistant backsplash decals (Quadrostyle has a range of temporary tiles and decals) that will add texture and character to a dated kitchen. If you're looking for an eat-in vibe in a tiny kitchen, install a drop-leaf, wall-mounted desk or table (here's one for around $30) which you can flip open when you're ready to chow down.
Maximize your closet space
You may think there is absolutely nothing to be done with your overstuffed closet, but you just haven't discovered the joys of closet organizers. Wayfair has easy-to-install systems starting as low as $50, while Ikea's ALGOT system is customizable to your size and storage needs. "All the parts can be easily combined and adapted to suit your needs, making this system especially attractive if you anticipate space changes happening," writes ApartmentTherapy's Nicole Lund in her roundup of the best closet systems. "It's also incredibly easy to use—the parts just click in and out of the wall brackets, so you can quickly replace or move parts around." If you're simply looking for more space in your narrow closet, look up. Install wall-mounted shelves (Amazon has a two-pack for around $50) above your hanging rod and create a storage area for suitcases and out-of-season clothes.
Use Your Nooks
If you have a corner in your home marked by an indented wall or "nook," it's time to creative." The nook can be anything from a workspace to a library or a cozy reading area. But in order to give it that "built-in" look on a budget, it's all about using your measuring tape. The DIY option means customizing your own shelves to create a designated area, with the help of Home Depot or Lowes. The Container Store has a desk nook model that they'll install for you for under $200. Meanwhile, Ikea's BILLY bookcase has inspired a wealth of ideas from home libraries to cozy bench nooks.
Bonus: If you're hurting for extra closet space, DesignSponge has a really creative Ikea hack for your wall nook.
Create an Micro-room
How many closests do you really need? Is there one that might be better served as an office? All you need is a small desk, stool and some colorful wallpaper. Better yet, stick in a bar-height table and line it with your favorite booze for a MadMen-esque bar area.
According to the New York Times, transforming the closet into a micro-room has become a trend for city dwellers with small apartments. "I love working from home, but I didn't want to look at my work all the time, so I needed a closet where I could close it," jewelry designer Jane Herro, told the Times, of her closet-office. If you're looking to transform your own closet, Lowes offers a DIY guide. Meanwhile, ApartmentTherapy has a few ideas for converting a walk-in closet into an additional bedroom by adding curtains for a less-claustrophobic feel. Cover the wall with a tapestry, a soothing paint color, or a distinctive wallpaper that separates the sleeping area from the main room, and you've got yourself a new bedroom (or nursery) you'll never want to leave.
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The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.
My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.
In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.
We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.
I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.
One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.
Here are 5 reasons why we are obsessed with horse racing thanks to TVG:
1. Betting has never been easier
Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.
2. The biggest selection of horse races out there
If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.
3. Get a generous sign-up offer when you place your first bet
Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.
4. Making deposits and cashing out at the touch of button
With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!
5. Watching live races with your friends while betting is exhilarating
Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.
With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.
TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.
The races just keep ramping up and thanks to TVG, I can always get in on the fun.