Rent rooms in your home to make extra money

If you have extra rooms in your house or apartment, you can make extra money by renting out rooms to travelers on either a nightly basis or for loner periods. In high demand areas like New York and South Florida this is becoming more common, but it can work anywhere.

With sites like It’s now also very easy and you have immediate access to tons of potential users. This site is getting all the buzz in this space and you can read much more about it on publications like Forbes and Fortune. It’s very easy to post rooms or places to rent and it’s equally easy to find what you’re looking for. The site is also loaded with photos and users are ranked with feedback so you have some idea of the kind of person you’re dealing with.

It’s becoming very popular among younger people and business travelers as it can be much better than renting a hotel. This can be perfect for empty nesters as well who have extra space.

Check out the site, read the articles and consider whether this might be a good option for you.


5 Ways Debt is Better for Your Finances

Debt is feared by many consumers and investors, but what if you were told that not all debt is bad? Going into the red doesn’t necessarily mean you’re in a bad place financially and sometimes it can actually reinforce your credit and put you in good standing over time. That isn’t to say there aren’t a good number of mistakes that could damage your credit as well. In this article, you’ll learn about investments and borrowing that can help your credit.

Higher Education

Education has long been considered the best way to get a return on your investment. For one, you can get out of college, land a job, and earn more than you would have over the course of your lifetime. Though you may have to take on student loans, your ideal position after attending a form of higher education will plant you in a position that could help pay off your loans in a timely manner.

On the downside of this, you risk a great deal of money if you don’t finish your education and still have outstanding loans. Although it would be a splendiferous undertaking to land a well paying job, most entry level positions won’t net you the kind of cash you’re hoping to receive. That’s not to say it won’t improve over time, but you’ll have to take into consideration the good and the bad when applying for college.

Real Estate

Since May 2006, investors in the housing market have seen a drop in the value of their assets numerous times. If you’re planning to settle down in a city or town, you should consider investing in a house and aim for receiving a higher return on your money a few decades later. Some experts are predicting the real estate market will bottom out by late 2012, hopefully triggering a rebound on a variety of homes.

Prior to 2006, homeowners were optimistic in regards to the price of their home and its appreciation over time, though many consider it a money pit at the moment. Some may have learned their lesson and moved on, while others are currently sinking thousands into their houses by way of homeowners association fees, taxes, and the cost of upkeep. With every investment there is always a risk.

Business Loans

Building up debt to begin a business can be a valuable option, though it comes with its risks. If you borrow money to hire employees, purchase advertising or equipment for the office, you should do so with the intention of expanding your business and paying back the loan in a timely manner.

Buying a car

Purchasing a vehicle comes close to the gray area of debt, but here’s how you can avoid trouble. If you’re going to get a car financed, at least look for a low interest rate and buy the car used. Don’t buy a brand new car if you can’t pay it off in a reasonable amount of time. Keep in mind that as soon as you drive the car off the lot, its value depreciates and you could be paying for more than the car’s worth.


Short-term investing can help you generate additional income if you put your money in the correct places. Additionally, long-term investing can help you generate wealth over a long period of time. If you are considering investing, look into bonds, stocks, commodities, precious metals, futures and the many other options out there for investors.


For emergency cash needs, there are fast cash loans for your immediate needs, though these are not investments. Not all debt is terrible for your wallet or your credit if you use it responsibly. Remember that in order to build your credit, debt is necessary, though it shouldn’t turn into an excessive habit. Be smart when you borrow and always formulate a strategy for freeing yourself from the debt prior to taking out a loan.


Don’t Allow A Vacation Scam To Drain Your Bank Account

On a day to day basis, you have to worry about keeping tabs on your bank account, juggling bills and budgeting all of your expenses. If you have a family, you can go ahead and increase this responsibility and scrutiny tenfold. Since a vacation isn’t a necessity, and is meant only to benefit you as a leisure expense, the last thing you want to do is drain your bank account with these trips unnecessarily.

Unfortunately, vacations also typically aren’t cheap. For this reason, you’ll want to do your homework and make sure you aren’t getting scammed when you book your trip. Your bank account depends on it.

Photo Courtesy of Geograph

Above All, Shop Around

There’s no excuse these days to not look for travel deals before paying full price, especially if money is tight. Check with the reputable travel clubs and discount sites to see what kinds of prices they’re offereing before booking that hotel or resort. If you’ve never shopped with a particulare site before, be sure to check out their travel club BBB ratings to make sure they’re legitimate and to see what complaints, if any, have been filed against them.

Join a Travel Club

A travel club is a promotional organization that requires a membership fee to join and gives its members access to discounts and vacation deals. If you’re a frequent traveler, this option definitely makes sense because it will save you some money in the long run. Since you’re giving them your hard earned money, you’ll want to make sure they’re reputable. Once again, look up their travel club BBB ratings before making a decision.

See What Others Are Saying

Whether you’re researching a travel club, discount site or the vacation itself, you’ll want to cover your bases because travel scams are prevalent. Go to travel review sites and see what travelers are saying about the hotel or resort. If they’re saying that it wasn’t worth the money or that the travel brochures are falsely advertising features, there’s a good chance the hotel may not be reputable. These are the same types of businesses that will overcharge you for things or worse, attach mysterious charges to your card. While such charges can always be disputed, it can be a time consuming, slow process if the scam occured in another country. Doing your research ahead of time will cut down on this potential heart break and save you some trouble.


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