About 10 years ago, coworking spaces were considered a strange solution for freelancers. But now, they're almost ubiquitous within the work-from-home community. Most major cities have at least one coworking space available for entrepreneurs, freelancers, or just anyone who wants an office away from home.
Recently, specially-themed coworking spaces have been popping up in metropolitan areas the world over. Some are geared toward engineers or creatives, and others are focus on offering space for women exclusively. If you're looking for a pleasant work environment where your fellow women can lift you up, these work spaces might be your best bet. But what are the benefits of a women-only working space? Are there any downsides? Here's a few pros and cons to consider.
Pro: Female-focused career support and panel discussions
Networking and finding support in career development is key to survival for a freelancer,. Specifically addressing the hurdles women face in the workplace is also a great idea. It's women who often have difficulty negotiating for a higher salary or struggle with childcare. Or maybe have to navigate a boy's club environment in their chosen career path. Many of these spaces will host panel discussions of these issues with experienced speakers. Some have one-on-one mentorship programs. Others have dedicated career centers to help spruce up your résumé, practice your interview skills, and even train you in salary negotiation. A few even offer childcare for working mothers. No matter what it is, it can be nice to have a network to fall back on if you're running into challenges in your career.
Con: Most female-centric spaces are incredibly focused on single women
It's great to have networking and support for your career, but the majority of women's co-working spaces are specifically geared toward the young working professional. There aren't many workshops on balancing home and work life with a family. And for many working moms, visiting a co-working space might not be an option with their young children. There are a few spaces that do offer childcare on site, including Play, Work, or Dash in Virginia. But this is definitely not widespread and, given the tight regulations surrounding childcare, it's unclear whether this kind of service will catch on elsewhere. For working mothers, maybe a co-working membership just isn't worth the price.
Pro: Work around like-minded women and have the space to speak
When you're in the coworking space, you'll be around a lot of women who have the same goals and dreams as you. Maybe not in specifics, but at least in how much time they want to spend cultivating their career. You know when you walk in the building, you'll be surrounded by women who are working just as hard as you are. That can be motivating and comforting. Another plus for an all-women space is that you won't have to work to make yourself heard. Several studies have found that men dominate conversations in the workplace. This can be because men interrupt women or women just chose not to speak up. But in a female-focused space, there will be no men to take over the conversation. You'll be able to speak your mind freely and be heard.
Con: Women-centric clubs have been the center of controversy
These spaces have offered many resources to working women, but they don't come without controversy. Some critics argue that limiting membership to females only is discriminatory. The New York Human Rights Commission was reportedly investigating The Wing (a coworking space in NYC) for discrimination. Legal experts even say that preventing men from joining could be seen as a violation of the same anti-sex discrimination laws that were meant to protect women. But an attorney representing The Wing has said that the space follows the history of the laws' purpose empower women and level the playing field. So therefore, it is not violating any laws. No one is suing just yet and so far no complaints have been reported, but this new brand of coworking could be sitting in dicey legal territory. The debate could eventually end up in court.
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Home garden and porch
As anyone who has ever sold a house will tell you, you must prioritize curb appeal. Before a potential buyer even considers looking inside your house, they notice the outside first. Does it attract the right kind of attention? Does it take away from the feel you're going for? If you plan to sell sometime soon, you must think about these things. Here are some landscaping options to increase your home's curb appeal, so you can get the best price on your home.
Extensive Plants and Greenery
A barren front yard won't get you the price you want on your home. So, invest in at least a little bit of greenery to keep the surrounding area from looking too dead. Shrubs and bushes tie the house to the lawn that precedes it, and flower beds bring a pop of color to an otherwise drab structure. You can also strategically plant some trees to improve the overall feel of your home's exterior.
Lawn Care
As we mentioned, your lawn is one of the most prominent features of your home's exterior. A patchy, dried-up lawn will quickly drive your home's price way down. Some of the best landscaping options for your home's curb appeal involve improving your lawn for the next inhabitant. Overall fertilization, ground aeration, underbrush removal, proper mowing—all of these lawn care tasks contribute to a greener and more lively area that invites people to see your house, rather than stay away from it.
Paved Pathways
There's nothing like a broken and disheveled pathway to make someone think twice about buying a property. Just as you want the entryway in your house to be welcoming, so too should the pathway leading up to the house be inviting. The pathway from the street to your front door provides plenty of real estate to get creative with. You don't have to settle for a boring concrete pathway. Consider something more eye catching, like a cobblestone path or intermittent brick patterns, as a way to better welcome potential buyers.
Usable Outdoor Furniture
Landscaping doesn't just involve the ground you walk on; also included are the items you use as extras to the overall look. Outdoor furniture is one such extra that you don't necessarily need but can look quite attractive if done correctly. Staging is important with outdoor furniture. Old, broken-down pieces will only look like more work to the potential buyer. A few comfortable chairs, a bench, or a table with an umbrella really go a long way to improving your outdoor aesthetics.
A good tip for deciding on curb appeal items is to decide what you personally would want to see as a part of a welcoming home's exterior. You don't need to go overboard, but a little bit of forethought could net you quite a lot of extra cash in the sale.
Unfortunately, giving back can sometimes go haywire. If you're ready to make a donation, first consider common mistakes made when giving back.
Many people strive to support their community by donating their time or their money. When you find a meaningful cause, you might be quick to cut a donation check. Though it's admirable to be quick to act charitably, you should be wary of several common mistakes made when giving to charity. Being mindful of these mistakes and learning tips for making informed charitable choices can help you make the most out of your generous check.
Acting Quickly Out of Emotion
Mission statements are meant to be compelling. If you're an emotionally driven individual, it's natural to pull out your wallet at the sight of a sad puppy on TV or when informed about food insecurity over the phone. Unfortunately, not all charities are as effective or official as they may seem.
Take your passion for helping others one step further by making sure your chosen charity is legit. Speaking with a representative, reviewing their website and social media accounts, and looking at testaments online can give you a better idea of whether the organization is worth your donation.
Forgetting to Keep Record of the Donation
Don't forget that you can reap some financial perks from giving back! With the proper documentation of your donation, you can acquire a better tax deductible.
If you donate more than $12,400 as a single filer or $24,800 as one of two joint filers, you're eligible to deduct that amount from your taxes. So, when a charity asks if you'd like a receipt of donation, always answer yes.
Donating Unusable Materials
Most charities can utilize a monetary donation—it's the physical donations that usually cause some issues. Providing a local nonprofit with irrelevant materials or gifting them with unusable products are surprisingly common mistakes made when giving to charity.
Always check your intended charity's website for a list of things they do and do not accept. The majority of places will provide a guideline to donating or offer contact information to clarify any questions.
Strictly Giving at Year's End
As more and more people get into the holiday spirit at the end of the year, nonprofit organizations see an influx of donations. While it's great to spread holiday cheer via a monetary donation, it's important to keep that spirit going year-round.
With regular donations, charities can more effectively allocate their annual budget. Setting up an automatic monthly donation with the charity of your choosing can maximize your impact. You can account for a monthly donation by foregoing a costly coffee every once in a while.
Knowing how much you should spend on home maintenance each year is hard to figure out and may be preventing you from buying your first home. The types of costs you'll incur depend on the house you buy and its location. The one certainty is that you should start saving now. Read on to figure out how much to start setting aside based on the home you own.
The Age of Your House
Consider several factors when budgeting for home repairs. If you've purchased a new home, your house likely won't require as much maintenance for a few years. Homes built 20 or more years ago are likely to require more maintenance, including replacing and keeping your windows clean. Further, depending on your home's location, weather can cause additional strain over time, so you may need to budget for more repairs.
The One-Percent Rule
An easy way to budget for home repairs is to follow the one-percent rule. Set aside one percent of your home's purchase price each year to cover maintenance costs. For instance, if you paid $200,000 for your home, you would set aside $2,000 each year. This plan is not foolproof. If you bought your home for a good deal during a buyer's market, your home could require more repairs than you've budgeted for.
The Square-Foot Rule
Easy to calculate, you can also budget for home maintenance by saving one dollar for every square foot of your home. This pricing method is more consistent than pricing it by how much you paid because the rate relies on the objective size of your home. Unfortunately, it does not consider inflation for the area where you live, so make sure you also budget for increased taxes and labor costs if you live in or near a city.
The Mix and Match Method
Since there is no infallible rule for how much you should spend on home maintenance, you can combine both methods to get an idea for a budget. Average your results from the square-foot rule and the one-percent rule to arrive at a budget that works for you. You should also increase your savings by 10 percent for each risk factor that affects your home, such as weather and age.
Holding on to savings is easier in theory than practice. Once you know how much you should spend on home maintenance, you'll know what to aim for and be more prepared for an emergency. If you are having trouble securing funds for home repairs, consider taking out a home equity loan, borrowing money from friends or family, or applying for funds through a home repair program through your local government for low-income individuals.
