Owning a home has always been seen as a financial milestone, the “American Dream”. But with today’s rising prices, interest rate volatility, and increased mobility, it’s worth wondering whether you should rent instead of buying.
According to recent data, the average American could spend an estimated $333,065 on rent by their mid-thirties alone, without building any equity in return. This is enough to make anyone stop and rethink their perspective.
So, let’s look at key factors that can help you make an informed and financially grounded decision.
The Real Situation
Homeownership typically becomes worthwhile only when you stay put for at least five to seven years. That’s how long it usually takes to recoup the upfront costs of buying: closing fees, moving expenses, and the early years of interest-heavy mortgage payments.
If you’re unsure where you’ll be in a few years, need job flexibility, or might move for family or lifestyle reasons, renting may give you the freedom to make those changes without penalty.
This is where adopting the right mindset can help you make smarter, data-driven decisions. Thinking like a long-term investor means evaluating location trends, job markets, population shifts, and your own future plans before you commit to a mortgage and where you commit to it.
The Real Cost of Homeownership
Many buyers compare rent to a mortgage payment and assume that if they’re paying $2,000 in rent, they can afford the same in mortgage. But homeownership costs go far beyond principal and interest.
Here’s what else you’ll be paying for:
- Property taxes and homeowner’s insurance
- Maintenance and unexpected repairs
- HOA fees (if applicable)
- Increased utility bills in larger spaces
It’s not unusual for homeowners to spend 1-3% of their home’s value on upkeep every year. A leaking roof or a failed water heater can turn a good deal into a budget buster fast. That’s why you need to make sure your buying budget includes a maintenance buffer.
Flexibility vs. Control
Renting offers more freedom to move, change jobs, or scale your lifestyle without major financial entanglements. It’s often a better fit for people in transitional phases or those building up other areas of their financial life.
But owning a home gives you something renters don’t have: control. You can paint, remodel, build equity, and stay as long as you want.
In some cases, homeownership might come from less traditional routes, like family gifting or relationship-based transfers. In those scenarios, you might encounter legal tools like a quitclaim deed, which allows ownership to be transferred without a traditional sale. It’s a common solution in estate planning or when adding a spouse or relative to the title.
Think Long-Term Wealth
Renting may feel easier, especially if you value convenience and flexibility. But over time, ownership is still one of the most powerful ways to build wealth. Every mortgage payment increases your equity. Every renovation you fund builds value for you.
That said, the right choice is the one aligned with your goals, risk tolerance, and time horizon. While buying makes sense for most, depending on your goals in life, it may not be the right approach.
In conclusion, renting isn’t always throwing money away. Buying isn’t always the better option. Both can be smart—if you know your numbers, know your goals, and take the long view.
Use data. Stay flexible. And make your housing choice a financial strategy, not just a milestone.
Photo by Nataliya Vaitkevich on Pexels
Dealing with outstanding tax debt owed to the Internal Revenue Service (IRS) can be a significant source of stress, impacting financial stability and peace of mind. Fortunately, the IRS provides several avenues for taxpayers to resolve their liabilities.
Among the most common are the Offer in Compromise (OIC) and the IRS Payment Plan, also known as an Installment Agreement. While both programs are designed to help taxpayers manage and eventually clear their tax debts, they operate under distinct principles and suit different financial circumstances.
Choosing the correct path is crucial for a successful financial recovery and maintaining future compliance with tax obligations. The IRS continues its efforts to improve taxpayer services and streamline operations, making it more critical than ever for taxpayers to address their debts proactively.
Understanding IRS Tax Debt and Your Options
The accumulation of tax debt can occur for various reasons, including underpayment, unfiled returns, or unexpected financial hardships. In Fiscal Year 2024, the IRS collected approximately $5.1 trillion in gross revenues, indicating its significant collection capacity.
An Offer in Compromise allows certain taxpayers to resolve their tax liability with the IRS for a lower amount than they originally owed, primarily when they can demonstrate that paying the full amount would cause significant economic hardship. Conversely, an IRS Payment Plan permits taxpayers to pay their full tax debt over an extended period through monthly installments, making it a more accessible option for those who can afford to pay the full amount over time but not as a lump sum.
What is an IRS Offer in Compromise (OIC)?
An Offer in Compromise program can provide substantial relief to taxpayers facing overwhelming tax debt they cannot realistically pay. An agreement between a taxpayer and the IRS resolves the taxpayer’s tax liabilities for a lower amount than the total sum owed initially. The IRS carefully evaluates each case to determine if accepting a lesser amount is the most it can reasonably expect to collect. This program is typically considered when there is doubt as to the collectibility of the full debt, doubt as to the liability itself, or if the collection of the full amount would create an economic hardship (Effective Tax Administration).
Defining the Offer in Compromise
An OIC is a settlement with the IRS based on the taxpayer’s current ability to pay and their Reasonable Collection Potential (RCP). The RCP is the amount the IRS believes it could collect from a taxpayer’s assets and future income. When evaluating an OIC, the IRS considers factors such as income, expenses, asset equity, and future earning potential. The IRS will likely reject the offer if the offered amount is less than the RCP.
It’s important to note that the IRS requires taxpayers who receive an OIC to remain in full tax compliance for five years after the offer is accepted; failure to do so can result in the OIC being defaulted and the original tax debt reinstated, plus interest and penalties.
Who is Eligible for an OIC?
Eligibility for an OIC is stringent and depends on several factors. Taxpayers must have filed all required tax returns and made all estimated tax payments for the current year. They cannot be in an open bankruptcy proceeding. The primary grounds for an OIC are:
Doubt as to Collectibility: This applies when the taxpayer’s assets and income are less than the full amount of the tax liability, making it impossible to pay the full amount through a lump sum or installments.
Doubt as to Liability: This applies if there’s a genuine dispute regarding whether the taxpayer owes the tax debt. This basis is less common than other avenues, like audit reconsideration, which often exist for such disputes.
Effective Tax Administration (ETA): Invoking the full tax liability when collecting would create economic hardship or be unfair due to exceptional circumstances. For example, in 2023, the IRS accepted 12,711 Offers in Compromise out of 30,163 offers submitted.”
The OIC Application Process
The OIC application process is comprehensive and requires detailed financial disclosures. Taxpayers must submit Form 656, Offer in Compromise, and Form 433-A (OIC) for individuals or Form 433-B (OIC) for businesses, which provide a snapshot of their financial situation. A non-refundable application fee of $205 (as of 2024) and an initial payment (either 20% of the offer amount for a lump-sum offer or the first proposed periodic payment) are typically required. The application fee and initial payment can be waived for low-income taxpayers who meet specific criteria.
The IRS then conducts a thorough investigation, which can take six to nine months or longer. During this time, the IRS will verify all financial information. Accuracy and completeness are crucial, as discrepancies can lead to rejection.
Pros of an OIC
The most significant advantage of an OIC is the potential to settle your tax debt for substantially less than the full amount owed, providing a fresh financial start. Once an OIC is accepted and the agreed-upon amount is paid, the IRS releases any federal tax liens associated with the settled debt, which can improve creditworthiness and relieve financial burdens. Additionally, an OIC stops most IRS collection actions, such as levies and wage garnishments, while the offer is being considered and, if accepted, during the compliance period. For many, an OIC resolves long-standing debt and offers significant peace of mind.
Cons of an OIC
The OIC application process is complex, lengthy, and requires extensive financial documentation, which can be daunting for many taxpayers. There is no guarantee that an OIC will be accepted, as the IRS applies strict criteria, and many applications are rejected. If an OIC is rejected, the application fee and initial payment are generally non-refundable (though the initial payment may be applied to the tax debt). While an OIC is pending, the statute of limitations on collection is typically suspended, and a federal tax lien may remain until the OIC terms are fully met. Taxpayers must also comply with all tax laws for five years post-acceptance; failure to do so may result in the default of the OIC and the reinstatement of the full tax debt, along with penalties and interest.
What is an IRS Payment Plan (Installment Agreement)?
An IRS Payment Plan, officially known as an Installment Agreement, allows taxpayers to pay their full tax liability in smaller, more manageable monthly payments over an extended period. This option is available to taxpayers who cannot fully pay their tax debt by the deadline but can cover it over time. Unlike an OIC, an Installment Agreement does not reduce the principal amount owed; however, it does stop aggressive collection actions such as levies, provided the taxpayer adheres to the agreement. Individuals owing a combined total of under $50,000—covering tax, penalties, and interest—may be eligible to set up a payment plan online without needing direct contact with the IRS.
Defining the IRS Payment Plan
An IRS Payment Plan is a formal agreement with the IRS to pay the full amount of tax debt over a set period—typically up to 72 months (6 years). While the underlying tax debt is not reduced, establishing a payment plan prevents the IRS from pursuing enforced collection actions like bank levies or wage garnishments as long as the taxpayer makes all agreed-upon payments and stays current with future tax obligations. However, interest and penalties continue to accrue on the unpaid balance, meaning the total amount paid will exceed the original debt.
Who is Eligible for a Payment Plan?
Eligibility for an IRS Payment Plan is generally broader and less complex compared to an OIC. Taxpayers must have filed all required tax returns. For streamlined installment agreements, individuals owing $50,000 or less in combined tax, penalties, and interest, and businesses owing $25,000 or less, can often receive automatic approval when applied online. Additional financial information may be required for larger debts or longer payment terms. Still, the primary standard is the taxpayer’s ability to afford the proposed monthly payments until the debt is fully repaid. Even taxpayers with considerable assets or higher incomes, who might not qualify for an OIC, can often secure a payment plan. The IRS offers various installment agreements, including guaranteed, streamlined, and partial payment installment agreements (PPIAs).
The Payment Plan Application Process
Applying for an IRS Payment Plan is relatively straightforward, especially for those who qualify for a streamlined agreement. Taxpayers can apply online using the IRS’s Online Payment Agreement (OPA) tool, by phone, or by mail using Form 9465, Installment Agreement Request. For debts under $50,000, online approval can be nearly immediate. Short-term payment plans (up to 180 days) are available for taxpayers who owe less than $100,000 in combined tax, penalties, and interest. Setup fees vary depending on the application method and payment type. For example, direct debit applications online are generally cheaper than those set up by phone or mail without direct debit. The IRS advises taxpayers to respond promptly to notices to avoid further complications.
Pros of a Payment Plan
The primary advantage of an IRS Payment Plan is its accessibility and the more straightforward qualification process compared to an OIC. It allows taxpayers to manage their debt with predictable monthly payments, easing budgeting concerns. By setting up a payment plan, most aggressive collection actions—such as bank levies or wage garnishments—are halted as long as payments are made on time. Although interest and penalties continue to accrue, regular payments prevent the balance from ballooning due to additional non-payment fees. Taxpayers can often choose their payment date and method, such as direct debit, which helps ensure deadlines are met. Additionally, streamlined agreements mean that, in many cases, there is no extensive investigation into your finances if you qualify for the simplified process. Recent IRS data indicated an increase in various forms of taxpayer assistance in fiscal 2024, reflecting enhanced service capabilities, with payment plan options remaining a critical component of debt resolution services.
Cons of a Payment Plan
The most significant drawback of an IRS Payment Plan is that the full tax debt and ongoing interest and penalties must eventually be paid in full. An Installment Agreement does not reduce the principal amount owed, so the repayment will exceed the original liability. Failure to adhere to the payment schedule or maintain current future tax filings can result in a default of the agreement, potentially reactivating aggressive IRS collection actions. Although setup fees are generally lower than OIC application fees, they remain an added cost. Furthermore, the IRS may file a Notice of Federal Tax Lien while a payment plan is in effect, which can negatively impact your credit and future loan eligibility. Interest continues to accrue on the unpaid balance, increasing the total cost.
OIC vs. Payment Plan: Making the Right Choice
Choosing between an Offer in Compromise and an IRS Payment Plan requires carefully assessing your financial situation, the total debt amount, and ability to meet long-term payment and compliance obligations. An OIC offers the potential for significant debt reduction but features a complex application process and strict eligibility criteria. A Payment Plan is more straightforward to secure but ultimately requires full debt repayment, accrued interest, and penalties. Understanding these fundamental differences is essential for making an informed decision that aligns with your financial reality.
Your ability to consistently make future payments is paramount for both options, especially for an OIC, which mandates a strict five-year compliance period. The Collection Statute Expiration Date (CSED)—the time the IRS must collect a tax debt—is another critical factor. The CSED is generally ten years from the tax assessment date, but certain events, such as submitting an OIC or an Installment Agreement request, can suspend this period. If the CSED is approaching, the IRS might be more inclined to negotiate, favoring an OIC or a Partial Payment Installment Agreement. However, if the CSED is many years away, the IRS may push for a complete payment plan.
The Importance of Professional Guidance: Consult Silver Tax Group
Navigating IRS rules and procedures for OICs and Payment Plans can be complex and intimidating. Before engaging with professionals, many taxpayers find it beneficial to utilize an online Tax Debt Calculator to gain preliminary insights into their situation.
This initial assessment can streamline the process when consulting tax professionals, such as those at Silver Tax Group, who possess specialized expertise in dealing with the IRS. They can help you understand your rights, accurately assess your financial situation, and determine the most suitable resolution strategy while correctly preparing and submitting the necessary documentation.
This is especially vital for OICs, where the application process is detailed and subject to strict scrutiny. Professional representation can significantly increase the likelihood of a favorable outcome. Expert guidance simplifies the process and alleviates the stress of dealing with the IRS, ultimately steering you toward a more favorable outcome.
Take Control of Your Tax Debt Today
When confronted with IRS tax debt, understanding the differences between an Offer in Compromise and an IRS Payment Plan is the first step toward choosing a viable solution. An OIC can provide substantial relief by allowing you to settle for less than you owe, though it comes with stringent eligibility requirements and a complex application process. A Payment Plan, while more accessible, requires full repayment of the debt along with accruing interest and penalties.
Your income, assets, total debt, and ability to maintain future payments are critical factors in determining the right path. With the IRS continuing its collection efforts, making an informed decision is more crucial than ever. The guidance of experienced tax professionals can significantly aid you in achieving financial recovery and long-term tax compliance.
Investment properties often involve multiple ongoing costs, including maintenance and management expenses. Depreciation allows for the gradual allocation of a property’s construction cost over a period of time, which can help balance out taxable income related to rental earnings. It serves as a financial reflection of wear over time.
Property owners frequently prepare documents that break down what can be accounted for over time. A depreciation schedule for investment properties outlines the relevant details for different assets within a property. This schedule supports the reporting process and keeps everything organized for annual filing. Here are some important considerations to keep in mind when reviewing depreciation during tax time.
Identifying Eligible Property Assets
Certain parts of a property qualify for depreciation. The structure itself, such as walls, doors, and ceilings, is commonly factored into long-term allocation. Fixtures within the property, such as light fittings or ventilation units, may also be listed if they meet certain conditions. Land is not included in depreciation, while structural elements and internal assets are grouped based on type. Categorizing these properly contributes to clarity and provides a useful framework for consistent reporting across tax years.
Consider the Age and Modifications of the Property
The construction date helps determine how long an asset can be depreciated. Properties completed during different periods follow specific guidelines based on applicable timeframes. Each category supports a structured method of value distribution over time. Renovations and updates may be considered when determining depreciation. Accurate records of those modifications, including costs and completion dates, allow for better alignment with financial tracking and provide insights into the property’s overall financial performance.
Selecting the Suitable Depreciation Method
Several methods are available for calculating depreciation, and each offers a unique approach. One method allocates value evenly, while another focuses on greater distribution in earlier years. Selection depends on overall planning preferences and asset details. Each asset category may be suited to a different method. Assigning the appropriate approach supports accurate calculations and reinforces consistent asset tracking over the years.
Key Features of a Reliable Depreciation Schedule
A complete schedule contributes to organized reporting and outlines expected deductions across future tax periods. Each asset listed includes its value, expected life span, and depreciation rate. These structured elements make annual planning more efficient.
A well-structured depreciation schedule can include:
Individual breakdowns for assets grouped by type
Clearly defined rates based on lifespan
Identification of assets eligible for short-term allocation
Year-by-year summaries for easier tracking
Cross-referencing with renovation dates and installation records
Reviewing Schedules Annually for Accuracy
Asset values and property features may change due to updates or new additions. Reviewing the schedule annually ensures that records match the current state of the property. Regular reviews help maintain consistency and accuracy in financial documentation. Adjusting for newly added or retired items strengthens ongoing reporting. Keeping the information current helps ensure all eligible items are included each year.
Consulting With Professionals for Compliance and Detail
Professionals experienced in property-related documentation can offer guidance through the preparation process. Their support contributes to accurate asset categorization and ensures alignment with applicable standards. They also assist in structuring schedules according to specific property details. Working with the right professional adds efficiency to the process and helps maintain consistent documentation over time.
The use of a structured depreciation schedule for investment properties plays a key role in preparing for tax season. It helps outline asset values, track eligible deductions, and support clear, consistent reporting year after year. Staying informed, maintaining accurate records, and reviewing schedules regularly contribute to smooth financial planning. With thoughtful attention to each asset and a well-organized approach, property owners can navigate tax responsibilities with greater confidence and clarity.
The world has embraced digital banking. From instant transfers to remote check deposits, nearly everything can be done with a few taps on a screen. But for all the convenience, there’s something missing. Human connection.
As banking becomes more automated, the role of real people in this space is being questioned. Some argue that automation is enough. Others believe we’re losing something valuable when banks remove the human touch.
Here’s the truth. Technology may make things faster, but it doesn’t replace empathy, trust, or reassurance. And in financial matters, those three things still matter.
The Missing Piece in Digital-Only Banking
Digital banking is efficient. No waiting in line, no paperwork, no need to speak to anyone unless absolutely necessary. But not everyone is comfortable navigating financial decisions alone, especially when the stakes are high.
A customer buying their first home, a retiree managing savings, a parent opening a college fund — these situations come with questions, hesitations, and emotions. It’s in moments like these that a human presence makes a difference.
AI can calculate figures. A chatbot can send links. But when it comes to judgment, reassurance, or sensitive conversations, human interaction creates a sense of security. It feels personal, not just transactional.
Why Personal Connection Builds Trust
Financial services are built on trust. If people don’t feel secure, they won’t stay loyal. Human interaction gives banks the chance to build that trust face-to-face or voice-to-voice, not just screen-to-screen.
Even when the process is digital, people appreciate knowing there’s someone they can call. A name. A voice. A real person who listens and doesn’t just follow scripts.
That trust leads to loyalty. And loyalty keeps people from jumping to the next app or service that offers slightly better rates or flashier features.
Real Conversations, Real Value
Here’s something that doesn’t get talked about enough — people often don’t know what they don’t know. A human representative can spot gaps, ask the right questions, and guide customers toward smarter choices. That kind of proactive support doesn’t come from an app.
And when issues come up, speed isn’t the only thing that matters. Sometimes, it’s about clarity. Or feeling heard. Or getting help from someone who understands the context, not just the data.
It’s in these interactions that customer service banking still plays a vital role. While the bulk of banking can be digital, the emotional layer that comes from talking to a person remains incredibly valuable.
When People Still Want People
Not every moment in banking requires human help. Routine transactions are fine without it. But some moments do call for a personal touch. Here are just a few examples where people still look for a real human:
- Major life changes – Buying a home, getting married, having a baby, or preparing for retirement
- Complex financial decisions – Investment planning, tax strategies, or inheritance questions
- Problem-solving – Fraud issues, account mistakes, or disputes that need nuanced handling
- Emotional reassurance – When someone is anxious or unsure, a calm voice can change the experience
In all these cases, a chatbot can’t provide what a human can. It’s not about the volume of information. It’s about empathy and clear communication.
Automation Isn’t the Enemy
Let’s be clear, automation has its place. It makes banking faster, simpler, and more accessible. Many people now expect 24/7 access, instant updates, and no-hassle transactions.
However, automation should enhance human service, not replace it entirely. The best systems are those where the two work together. Machines take care of the routine. Humans step in for the important, complex, or emotional moments.
That balance keeps operations efficient while preserving the customer relationship.
What Real Service Looks Like Today
Modern customer expectations are different than they were even ten years ago. People want flexibility, speed, and simplicity but they also want accountability.
Here’s what matters to customers today:
- Responsive help – Fast replies are expected, but human help should still be available when needed
- Clarity – Simple explanations that make sense, especially with financial products or changes
- Empathy – Understanding tone and thoughtful solutions, not robotic replies
- Consistency – A smooth experience across digital and human channels
Banks that get this right don’t choose between tech and people. They use both thoughtfully and strategically.
The Role of Frontline Staff is Evolving
The job of a bank employee isn’t disappearing. It’s shifting. Less time is spent on routine tasks, and more time is spent on meaningful conversations.
Rather than being information providers, frontline staff are becoming advisors, listeners, and problem-solvers. They step in when context matters, when emotion matters, and when trust is on the line.
That’s not something an algorithm can replace.
Final Thoughts: The Human Edge Still Wins
Banking will keep getting more digital. That’s not a bad thing. It helps with access, speed, and convenience.
But human interaction is still a competitive edge. It’s what makes someone feel supported, respected, and confident when handling their finances, especially during stressful or important moments.
As more services move online, it’s the human element that keeps banks connected to the people they serve. Keep the tech. But don’t lose the people.
Image Credit: Tim Gouw from Unsplash.
Starting a business is a dream for countless people. You’ll want to become an entrepreneur for more than a few reasons, like taking on more control of your future. But, this isn’t a step you should take lightly. Make sure you do it right.
There’s quite a bit involved in the process, and you’ll need to set it up for success. As complicated as it is, it’s not impossible.
The right startup tips help with this more than you’d think. With the impact they’ll have, there’s no reason why they shouldn’t help. It’s worth diving into some of the more helpful of these going forward.
Sort Out the Legalities
You’ll have plenty of legalities to sort out when you’re starting off. Your business has to be legal to operate, after all. Get these out of the way as early as you can. It’s always worth using a professional with this, like GDH Law. That way, you can get through any potential hurdles relatively easily.
Research Your Competition
You’ll already know you’ll have plenty of competition once you start your business. This doesn’t always have to be a negative. Instead, you could use it to your advantage. Researching your competition lets you figure out where they’re going wrong and what you can do better. Even learning from what they’re doing right can help you move forward.
Understand Your Starting Budget
Starting a business costs quite a bit of money. You’ll already know that, and it’s worth putting the time into creating a starting budget. Don’t just slap one together without putting much time or effort into it. You’ll need to understand where all of your money’s going and what it needs to be spent on. It’ll be more than worth the time and effort it takes.
Plan For Challenges
Starting and running a business has its challenges, and you’ll need to be prepared for this. While many of these can depend on your specific circumstances, many business challenges can be relatively common. Plan ahead for these before they come up. That way, they’ll have a relatively minimal impact on your business going forward.
Spend Time on Marketing
Your business needs to start bringing in customers as early as possible. Marketing is an essential part of this. It generates brand awareness, encourages potential customers to buy from you, and more. Make this a priority going forward. The earlier you get started on this, the better it’ll be for your business.
It’s easy to see why starting a business is so appealing. You’ll take greater control over your life, and there’s the potential to make quite a bit of money with it. But, you’ll need to know what you’re doing with it. The right startup tips can help with this.
Putting the time and effort into them helps you start your business the right way. You’ll be better set up for success as time goes on. You’ll see this more and more as time goes on. You’ve no reason not to put the effort into them.
A legal battle is no easy thing to go through, for anyone. Especially if it drags out for an extended period. It can be incredibly stressful, both financially and emotionally. Whether you are involved in a personal injury lawsuit, a business dispute, or another legal challenge, the costs and stress associated with legal proceedings can add up very quickly.
To help you on your journey, this post will look at practical strategies to protect your finances, and yourself, while navigating through a legal battle.
#1 Understand the costs involved
When you know what costs are involved, you can seek the right support and put a plan of action in place. The whole time you are left in the dark, you are causing yourself more stress by keeping things uncertain. One of the first and most important steps is to consider your financial situation, as well as the full scope of the costs that you are facing in your legal battle. This may include court costs, legal fees, expert witness fees, and any other associated expenses. These can all pile up very quickly. A firm like Shrager, Sachs, & Blanco offers free consultations, which may help you to get started and understand what you are up against.
It is important to have a clear understanding of what to expect, so you can plan long term and give yourself some peace of mind. While you might not have all the funds available, it will enable you to put a plan in place.
#2 Consider your financial habits
While you are in the middle of a legal battle, you may have to make some difficult decisions and sacrifices when it comes to your money. You may need to allocate funds into savings, prioritize your spending, and cut back on non-essentials. Review your finances and create a budget that helps you to maintain as much financial health as possible during this challenging time.
#3 Keep detailed records
If you are involved in any legal case, whether it is long and complicated or not, you must keep accurate records of all your expenses related to the case. This includes legal fees, medical bills, and any other costs incurred as a result of the legal dispute. Records will help you to stay organized and on top of your finances. It will also help strengthen your position if you are seeking compensation for expenses as part of your legal battle. If you were involved in an accident that wasn’t your fault, then you likely have a lot of posts, so you want to make sure these are documented properly so you can seek the full amount of damages that you are entitled to.
#4 Plan for the future
Making a plan for the future can help you. Not only will you have a better idea of what you can spend now, but also keep you afloat and provide you with more financial security. While you might be owed compensation, some legal cases can go on for a long time. So you don’t want to rely on this payout and ensure you create security without it.
#5 Consider using bail bond services
When faced with legal trouble that requires bail, using a bail bond service may be a smart solution. Bail bond agencies provide services that cover the cost of bail, often only requiring a small percentage upfront. This service helps relieve financial strain during an already challenging time and frees you to focus on managing the legal process more easily. Also, their guidance and expertise allow you to streamline this process while protecting your financial well-being.
A legal battle is extremely difficult. Consider these top tips to help you gain a sense of security and control.
Need to make money fast? There are many how-to guides, tips, and resources available to help you understand how to get a quick boost or injection when finances are tight.
However, one of the best places to start looking is with what you already own. All you simply need to do is identify what you no longer need or want within your belongings. Because if you’re not using them, you want to recoup the money you’ve spent on the purchases you’re not using and are lying around at home. Not only are you wasting space, but you are also wasting money.
Whether you sell to a business that specializes in buying up unwanted items such as electronics, jewelry, or even scrap, or you decide to sell yourself via selling sites such as Vinted, eBay, or Preloved, for example, if you need to make money fast, then it’s a good idea to look within your home for things you can sell. High-demand items include electronics like smartphones and laptops, designer clothing and accessories, and unique or rare collectibles.
Clothing
In the first instance, take a look at your wardrobe and identify clothes that you can sell on online selling sites, such as eBay or Vinted, or on clothing stores that purchase or offer credit for your unwanted items.
Weed out those items that aren’t in excellent condition, clean them, and take pictures that show the item in its best light. Top tips for selling clothing include washing them, hanging them up, ironing them if necessary, displaying them in natural light, photographing the item from different angles, and describing it as accurately as possible in the listing.
Jewelry
While costume jewelry can fetch small amounts back, it won’t command the same prices second-hand as authentic gold jewelry or jewelry made from precious metals and gems.
Whether you are looking to sell 9ct gold, sterling silver necklaces, or platinum diamond jewelry, if you are no longer wearing them or no longer want the item. Evaluating the value of your jewelry can help you quickly sell it and eliminate unwanted items from your home. Of course, you can also sell privately.
Still, it’s a good idea to have high-value items authenticated and valued prior to selling them, such as diamond rings or Rolex watches, so you can get the best price and avoid being scammed out of their value when selling. Always ensure your safety when selling high-value items, such as meeting in a public place and not sharing personal information.
Shoes and Bags
Shoes and bags are popular items for people to purchase from selling sites. If they’re branded or designer shoes or bags in pristine condition, then you can expect to get decent prices for footwear and accessories you no longer need. Much like clothing, you need to ensure that all items you choose to sell are in the best possible condition, as this will impact their saleability and resale value. However, if you have been careful with how you keep and care for your shoes and bags, whether they are sneakers, sports shoes, heels, or backpacks, they can help you make money and free up some storage space.
Image Credit: Kelly Sikkema from Unsplash.
Finances are an important part of everyone’s lives. It affects every other facet of your life, and you’ll need to spend some time and effort on it. You’ll need to manage your finances to make sure you’re as financially healthy as possible. If only it was that easy, though.
It can often seem like a difficult and overwhelming process. But, you shouldn’t have to be as stressed as you’d think, though. By focusing on a few strategies, you could make it much more straightforward for yourself.
Some of these could have more of an impact than others, making it worth focusing on them.
Maintain & Improve Your Credit
Your credit can play a vital role in your finances. At least, that’s the case for when you need to get any loans in the future, like a mortgage. The worse your credit is, the less likely it is you’ll receive a loan. You’ll even end up with higher interest rates because of it.
It’s worth improving your credit as much as you can, and then keeping it high. Experts like Alex Kleyner offer more than a bit of advice on this. The more you work on your credit, the better your financial health will be as time goes on.
Track Your Spending
You’ll already know you should create a budget to help look after your finances. But, it’s actually following through with this and making sure it’s accurate that matters. One key part of this is tracking your spending as much as you can. It gives you a great idea of your expenses.
Once you’re tracking this, you can figure out how to cut costs whenever you need to. You’ll be in a much better position to actually manage your finances. Tracking your spending doesn’t even have to be too hard. You can use various tools to make it easy.
Build an Emergency Fund
Emergencies can often come up in your life. You could lose a job, develop a major health condition, and more. Each of these can wreak havoc on your finances. While the emergencies themselves can be outside of your control, your finances aren’t.
By building an emergency fund, you prevent a lot of the stress and hassle that comes with this. At a minimum, you’ll financially protect yourself in the worst case scenarios. You’ve no reason not to start building an emergency fund as soon as you can. Put the effort in.
Looking after your finances can often be a stressful experience. It’s easy to see why. It’ll have an impact on everything else in your life. But, it’s an area you’ll have to put some time and effort into. Thankfully, it doesn’t have to be as anxiety inducing as you could think.
It’s just a matter of knowing how to manage your finances the right way. Focusing on the right strategies should be more than enough to help with this. Putting the effort into them helps make sure you’re as financially healthy as possible. You’ve no reason not to do it.
In recent years, the construction world has started shifting as more businesses look for ways to build that focus on reuse. This helps save materials and lets companies easily adjust their spaces when things change, cutting down on expensive renovation costs. More and more organizations see that planning ahead when it comes to their buildings can lead to smarter and more sustainable operations.
When companies explore how to include reuse in their projects, they start to unlock creative ways of doing things. From picking the right infrastructure to choosing materials and designing storage, these choices show a commitment to future-ready, responsible building. Sustainable growth depends not only on the physical structures but also on the planning and mindset behind them.
Choosing Infrastructure That Supports Repeat Value Over Time
The modular busway system is gaining traction for simplifying renovations without the need to rewire entire spaces. Its open-track design allows lighting and equipment to be updated without disrupting the existing setup, preserving the original investment. This system supports quick reconfiguration, reduces downtime, and helps teams adapt efficiently as business needs change.
Long-term lease agreements are also becoming more common, pushing businesses to use flexible electrical setups that can be reused. Instead of custom installations that quickly go out of date, companies now prefer systems that can be updated easily. Such an approach helps save money later and supports sustainable growth by using setups that stay useful over time.
Investing in Materials With Secondary Applications
Construction teams are becoming more intentional about selecting materials designed for disassembly and reuse. Metal frames and modular panels are popular choices because they can be easily moved to new sites. Deconstructable materials support sustainability goals and simplify future updates. Companies increasingly value products built to last and adaptable for different uses.
Joinery techniques that allow materials to be removed without damage help preserve both appearance and functionality over time. An approach like that encourages a company culture focused on buying items that can be resold or reused. At the start of any building project, it’s smart to partner with suppliers who specialize in reusable materials—it benefits both the budget and environmental impact.
Standardizing Build Specs Across Locations
Standard templates for building help companies with many locations build faster and more consistently. Templates include ceiling heights, utility layouts, and structural elements. They reduce the need for custom changes and make documentation much easier. A consistent approach also speeds up building timelines and avoids issues that slow things down.
Having standard specs also makes it easier for employees and resources to move between sites. There’s less need for retraining or dealing with big differences at each location. Steps like that help create a more unified workspace. When designing new buildings, it’s smart to work with architects to create a set of guidelines that can be used across all locations.
Designing Storage and Asset Systems for Rotation
Storage solutions need to be flexible to keep up with shifting business needs. New rack systems and shelving are designed to be moved around easily, helping different teams use the same setups. The design helps avoid waste from single-use storage that doesn’t adapt over time and encourages more flexible planning.
New tagging systems for tools and equipment help make sharing between teams much easier. The setup supports a more collaborative environment and better use of resources. Instead of buying duplicates, teams can rotate what they already have. When planning storage, it’s helpful to use systems that can change as team needs grow or shift.
Framing Reuse as Operational Discipline, Not Trend
Business leaders increasingly treat reuse as part of standard operations—not just a green initiative. It’s now directly linked to smart budgeting, with cost savings from reused infrastructure demonstrating its value in keeping operations efficient. Resource planning becomes more deliberate and integrated into everyday decision-making.
Consistent success requires strong internal rules for evaluating assets. When reuse is embedded in daily workflows, it helps shift outdated thinking that viewed sustainability as a passing trend. Companies are seeing real benefits in building a culture where reuse is the norm. Clear guidelines and regular check-ins help teams maximize what they have while minimizing waste.
Smart construction today means planning for change. Businesses are selecting materials and systems designed for reuse, reducing waste and avoiding the need to start from scratch with every shift. Modular infrastructure, adaptable storage, and standardized layouts help teams stay agile and efficient. Reuse supports financial responsibility as much as sustainability, making it a practical choice for long-term growth. When reuse becomes part of daily operations, companies get more from what they already own. Start with flexible tools, work with suppliers who prioritize adaptability, and set clear internal guidelines. Consistent evaluation leads to smarter use of resources and stronger, more resilient spaces.
The challenge facing first time home buyers is well documented at this point. The gap between the median income and median home price continues to widen. This presents an increasing challenge to anyone looking to save up a down payment and purchase a home of their own. It is easy to think about giving up this goal, but if you can shift your mindset it can help keep the door open.
In the book, Moneyball by Michael Lewis, Billy Beane finds himself in a similar situation as the General Manager of the Oakland A’s baseball team. The A’s have the lowest payroll in the league and some how they are expected to compete with teams like the New York Yankees and Boston Red Sox that have orders of magnitude more money to spend. It is a terribly unfair situation and yet Billy Beane and the A’s found a way to be competitive and even make the playoffs.
The Art of Winning at an Unfair Game
The subheading of Moneyball sums up the challenge of buying a home for most people in the United States. The cost of housing has risen dramatically and in recent years interest rates have also shot up which creates a massive challenge for the average person.
In building a baseball team, Billy Beane broke the components of what the team needed to produce down to basics and then figured out how they could approach meeting those needs different than everyone else. He had to work differently to be successful and that is how people need to function if they are going to be able to enter the housing market.
Am I in the Right City?
The housing market in the US is incredibly varied. In San Francisco, $1 million may not even get you in the game. In St. Louis, $400K could get you a reasonable sized home in one of the nicest neighborhoods in the city. The average home in St. Louis is under $300K.
I see people moving to Spokane from Seattle all the time because prices in Eastern Washington are approximately half of what they are in the core of Seattle. There are just cities that represent the New York Yankees in our Moneyball analogy. The big coastal cities are just not in the equation unless you are making some serious money or have built massive equity from owning property for a while. This is the first place the Moneyball mindset has to come in. If you want to buy, you have to be realistic about whether this will require a move to a lower priced metro area.
It is worth exploring new areas with a similar job market if you don’t have a vision for what another city could look like. I have seen numerous extended families relocating to Eastern Washington from California so that the kids can buy a home as they start a family. It really sucks that so many awesome coastal cities like San Francisco and Seattle are so unaffordable, but it’s something that needs a sober perspective if you are going to be able to make a real plan for the future.
Your Winning Purchase Needs to Be a Little Different
The biggest thing that is encouraging about home buying despite that challenges is that you don’t need to find a home each week or even a few times a year. You only need to do it once every five to ten years (or once period if you are lucky). This is what puts the odds a bit more in the favor of a young couple who knows their area and is open to what their future could look like.
People are all different and so if you can try a house on and imagine a life that you would truly enjoy despite bad paint or an old kitchen then you are in a good zone. This is also a big reason to look in a place you enjoy and can see the value in that the masses may not see the same way. It’s an odd quirk of modern life that people seem to love standing in lines. They do it for hot, new restaurants, but they also do it in the housing market. The best schools and top neighborhoods end up inflated when areas that are a slight step down are consistently much more affordable.
If you have Moneyball mindset then you can see that there are amazing homes and potential neighbors in these “other” areas and you can escape the crowd. If you can live life in a smaller footprint or with one bathroom then you will continue to find opportunities. Just changing a Zillow search to include 2 bedroom or one bathroom homes can unlock potential opportunities that most people are not even looking at due to the standard desire for a 3 bed 2 bath home.
In Austin, just being an extra 10 minutes away from the super hip areas can drop prices dramatically. If you want some fun on Zillow, compare home prices in 78704 (Ultra Hip) to 78748 (Still great, but no hype). The difference is massive even to be slightly outside the core of the city. If you know your city, you can find some of these imbalances that many will miss.
Anchor in What You Really Need
How many cool restaurants do you really need to enjoy your life? If we are honest, it’s not that many. The kids at the schools rated 9 or 10 aren’t the only ones who are learning and happy. Sometimes the highest rated schools have a whole set of challenges that come with a hyper competitive culture. If parents in the area are engaged with the school, then having a super high rating isn’t the difference between success or failure for your kids. Once again, if you know your city and can talk to people at the schools, you may find that there is a real gem that school ranking websites will never identify.
I think it’s safe to assume that there are cool neighbors in virtually all neighborhoods and it only takes connecting with a few to bring a new area to life. For me, having projects to work on over time has always brought enjoyment and a deeper connection to the property. I would have never developed my love of gardening and landscaping if I wasn’t forced into it by our first home. My biggest Moneyball move has been to buy houses with yards that were in complete disrepair. The look of the overgrown property drove many away, but I saw it as having a blank slate to work from.
Buying a house is similar to building a baseball team in that there is tons of variability in the options out there. If most people have one a similar vision in mind, then there will be houses that fall through the cracks just like there were promising baseball prospects for Billy Beane. For the person that can remain flexible in their search, the possibility of finding a winner is feasible. Even though the housing market nationally is as challenging as ever, you only need to find one good house to make it a win.
I hope this serves as some encouragement that there is opportunity out there still in this world and you can find a great spot to call your own if you know how to look differently.