events http://www.wisebread.com/taxonomy/term/7782/all en-US Could Happy Hour Help You Better Manage Debt? http://www.wisebread.com/could-happy-hour-help-you-better-manage-debt <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/could-happy-hour-help-you-better-manage-debt" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/friends_drinking_together_73973511.jpg" alt="Friends learning if happy hour can help them manage debt" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Millennial-focused lender <a href="https://sofi.com/wisebread">SoFi</a> offers its members a long list of crazy perks. Should traditional lenders &mdash; and borrowers &mdash; take note?</p> <p>First off, it's important to understand that social hour is in SoFi's DNA. After all, the alternative lender's name is shorthand for &quot;social finance.&quot;</p> <p>Next, consider the company's short history. Upon launching in 2011 as a start-up student loan lender for Stanford grads, SoFi has massively grown in popularity. Ditching the Stanford niche, SoFi now accepts borrowers from a much larger, but still exclusive, list of accredited colleges. Of course, SoFi's member's-only vibe is not for nothing.</p> <h2>SoFi's Secret Social Formula</h2> <p>In curating a group of educated borrowers with vetted incomes and credit scores, SoFi's 150,000 members actually have quite a bit in common with one another socially. SoFi knows this and capitalizes on it. The lender's series of free <a href="http://money.cnn.com/2016/07/18/pf/sofi-student-loan-refinancing/index.html?iid=SF_River">happy hours, cooking classes, and brewery tours</a> are highly attended and often booked solid by members. And that's because if you are a SoFi member, chances are pretty good that you'll get along, or at least find common ground, with other SoFi members. While attending a SoFi social event, you might even strike up a beautiful new friendship &mdash; or score a date. (You guessed it: There's a SoFi matchmaking app in the making.)</p> <p>Now, think about the last time you visited a traditional, brick-and-mortar bank. Would you want to dine under the stars with the folks you encountered in there? No, probably not.</p> <p>Of course, SoFi's social events calendar has more to offer than fancy cocktails. Piggybacking off Millennials' comfort and familiarity with social networking, SoFi taps into borrowers' alumni networks, connecting them to investors from the same alma mater. It's sort of like banking meets LinkedIn. SoFi makes borrowing personal, which is why not only its happy hours, but also its opportunities for career advising, networking, and entrepreneurial support are so well-received by members. For the most part, SoFi borrowers are young, responsible, and successful. And those are exactly the type of people the typical SoFi borrower wants to share company with and take advice from.</p> <h2>A Revolution in Banking?</h2> <p>That's all well and good, but why should traditional banks take interest?</p> <p>Well, for one thing, SoFi isn't playing social events chair solely for the fun of it. By engaging members in fun and beneficial activities, SoFi is boosting members' camaraderie amongst each other. This also boosts members' feelings of connectedness and loyalty to the SoFi brand. And that loyalty directly translates into cash. The more connected and loyal a SoFi member feels toward SoFi itself and other SoFi members, the greater the odds that the member will fulfill his or her financial duty to pay loans back in a timely manner.</p> <p>Turns out it's true: SoFi borrowers tend to pay off their loans quickly, and in many cases they are pre-paying more than the monthly minimum. And it makes sense: We're much more likely to pay back our friends than we are to make good on our debts to a giant corporation without a face. All of the career coaching and networking that SoFi provides is also a help to the company's bottom line. It's in SoFi's best interest that its membership is well-employed. And this is where traditional banks might want to take a lesson.</p> <p>Indeed, Goldman Sachs already has taken a lesson. The 147-year-old investment bank is preparing to launch its own online peer-to-peer lending platform. While a few traditional banks, such as JP Morgan Chase, have announced partnerships with peer-to-peer lenders, Goldman is the first bank to attempt to <a href="http://www.lendacademy.com/goldman-sachs-is-entering-p2p-lending-first-bank-to-launch-a-platform/">build its own online lending platform</a> from the ground up. It's an indication that even the biggest of banks knows that the future of lending is mobile and more personal.</p> <p>But only time will tell if banks will begin launching happy hour clubs.&nbsp;</p> <p><em>Would you drop your stodgy bank for a younger, hipper lender?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/could-happy-hour-help-you-better-manage-debt">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-pay-off-your-student-debt-faster">5 Ways to Pay Off Your Student Debt Faster</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-smart-ways-young-millionaires-manage-their-money">3 Smart Ways Young Millionaires Manage Their Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/its-the-21st-century-why-is-your-money-stuck-in-the-20th">It&#039;s the 21st Century — Why Is Your Money Stuck in the 20th?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/millennial-millionaires-how-the-brokest-generation-can-also-become-the-richest">Millennial Millionaires: How the Brokest Generation Can Also Become the Richest</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance events happy hour millennials networking online lenders peer to peer social sofi Tue, 23 Aug 2016 10:30:17 +0000 Brittany Lyte 1775944 at http://www.wisebread.com 10 Weird Types of Insurance You Didn't Even Know About http://www.wisebread.com/10-weird-types-of-insurance-you-didnt-even-know-about <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-weird-types-of-insurance-you-didnt-even-know-about" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/babies_twins_crib_000071287585.jpg" alt="Learning about weird insurance that we didn&#039;t even know about" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you read Wise Bread frequently, you know how important insurance is as part of a sensible financial plan. It makes sense to insure your home, your car, and carry health insurance. But over the years, insurance companies have developed policies to protect customers against all kinds of trouble, ranging from natural disasters to identity theft, and getting thunked by a foul ball at a baseball game.</p> <p>Here are 10 of the most unique insurance policies we've come across:</p> <h2>1. Hole-in-One Prize Insurance</h2> <p>Have you ever seen a charity golf tournament where they gave away a car or cash prize to anyone who got a hole in one? Tournament organizers usually protect themselves with&nbsp;<a href="http://www.wisebread.com/avoid-these-5-costly-health-insurance-mistakes" target="_blank">insurance policies</a> to cover the cost of prizes, just in case someone actually gets lucky.</p> <p>Prize indemnification is its own industry, and is often used for similar promotions, like half-court shot contests in basketball, or field goal contests in football. Premiums for these insurance policies are relatively cheap due to the low odds of winning. One company, InsureEvents, says it has&nbsp;<a href="http://www.insurevents.com/prize.htm">insured a $1 million hole-in-one contest</a> for a mere $300.</p> <h2>2. Athlete &quot;Loss of Value Insurance&quot;</h2> <p>During the recent NFL Draft, several players reportedly collected payouts from insurance policies after they weren't drafted as early as they had hoped. ESPN reported that Jaylon Smith, a linebacker from Notre Dame, received $900,000 from such a policy after slipping to the 34th pick in the draft due to concerns over a knee injury. He could have received as much as $5 million had he been drafted higher.</p> <h2>3. Body Part Insurance</h2> <p>We all want to cover our body parts. But for some people, it's not just about clothes. Many people &mdash; often famous athletes or entertainers &mdash; will insure certain body parts that they depend on for their livelihood. Rocker Bruce Springsteen has reportedly insured his voice with Lloyds of London for a cool $6 million. Singer Dolly Parton had her ample bosom insured for $300,000 each. And when football player Troy Polamalu signed a deal to endorse Head &amp; Shoulders shampoo, Procter and Gamble took out a $1 million policy on his flowing mane. There are reports of policies for taste buds, fingers, buttocks, and nearly every other body part you can think of.</p> <h2>4. Riot Insurance</h2> <p>In 2010, the country of Thailand was afraid of losing tourism dollars due to political upheaval and protests. So it offered up to $10,000 to&nbsp;<a href="http://intransit.blogs.nytimes.com/2010/03/04/thailand-extends-riot-insurance-until-end-of-2010-for-tourists/?_r=0">anyone experiencing loss or damage</a> due to the turmoil. It also offered tourists up to $100 per day for travel delays caused by demonstrations.</p> <h2>5. Insurance for a &quot;Change of Heart&quot;</h2> <p>It's a real bummer if your family spends thousands on a wedding, only to have you break off the engagement. To protect against this possibility of cold feet, a company called Wedsure offers insurance that includes coverage for a &quot;change of heart.&quot; In other words, you get your money back if the bride and groom decide to go their separate ways. There are a few catches, though. The coverage only applies to &quot;innocent financiers,&quot; such as the bride or groom's parents, not the bride and groom themselves. And the wedding must be cancelled at least 365 days in advance of the scheduled date.</p> <h2>6. Multiple Birth Insurance</h2> <p>Having twins is exciting, but it's also expensive. In Great Britain, it's possible to hedge against the possibility of having more than one baby by buying special insurance. In essence, parents can buy insurance at the early stage of a pregnancy and then receive a lump sum of cash if they have a multiple birth. This insurance might make sense if you have a family history of twins, or if you've already had a multiple birth and can't fathom adding two or more children.</p> <h2>7. Insurance Against Death by Laughter</h2> <p>Lloyd's of London is known for covering a wide range of things, but the funniest might be the effort to insure a comedy troupe in the event that an audience member died from laughter. According to the BBC, this comedy troupe was so confident in its humor that it asked Lloyd's for insurance just in case the group was fatally funny.</p> <h2>8. &quot;Essential Employee&quot; Insurance</h2> <p>Imagine being so valued by your employer that the company actually takes out an insurance policy in case you leave or pass away. Often called &quot;key person&quot; or &quot;keyman&quot; insurance, this policy offers a lump sum to cover costs like loss of business or training of successors. Usually, these insurance policies are designed to cover the loss of someone who plays a key role in generating profits, or who has a unique skill set.</p> <h2>9. Lottery Insurance &mdash; For Companies</h2> <p>Imagine that you own a company and a large group of your employees entered a lottery pool, and won. You'd be excited for them, right? Well, that excitement might not last if half of your staff decides to retire on the spot. Lloyd's of London is among the companies that offers insurance for such a scenario, to cover loss of productivity and the hiring of temps and new staff.</p> <h2>10. Kidnapping and Ransom Insurance</h2> <p>It sounds like something out of a movie, but it's an actual thing. You can protect yourself if you've been kidnapped, and get reimbursed for any ransom money and expenses once you're freed. Truthfully, these policies are geared more toward businesses with high-profile employees. But individuals can get policies as well. Traveler's Insurance calls this policy a &quot;must-have,&quot; and even <a href="https://www.travelers.com/business-insurance/management-professional-liability/private-non-profit/kidnap-ransom.aspx">produced a two-minute video</a> about it.</p> <p><em>What's the weirdest insurance policy you've ever heard of?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/10-weird-types-of-insurance-you-didnt-even-know-about">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-big-companies-that-offer-benefits-for-part-time-workers">9 Big Companies That Offer Benefits for Part-Time Workers</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/still-without-health-insurance-here-s-how-much-the-penalties-will-cost-you">Still Without Health Insurance? Here’s How Much the Penalties Will Cost You</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-reasons-why-life-insurance-isnt-just-for-old-people">5 Reasons Why Life Insurance Isn&#039;t Just for Old People</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-health-insurance-benefits-youre-probably-not-using">6 Health Insurance Benefits You&#039;re Probably Not Using</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Insurance athletes change of heart events kidnapping lotteries prizes ransom weird stories Mon, 16 May 2016 09:30:21 +0000 Tim Lemke 1709579 at http://www.wisebread.com 4 Reasons You Should Splurge on Experiences, Not Things http://www.wisebread.com/4-reasons-you-should-splurge-on-experiences-not-things <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-reasons-you-should-splurge-on-experiences-not-things" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000078212251_Large.jpg" alt="spending money on an experience" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The 1980s might feel like ancient history, but whether or not you lived through the days of big hair, denim, and constantly winding your cassette tapes back with a ballpoint pen, the 1980s staple of excess was pretty much universal. And has been ever since. Accumulating stuff has never been hotter. Think <a href="http://www.amazon.com/gp/product/B003F29D44/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B003F29D44&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=EI2KTCZ32FOCDE3F">Wall Street</a>, and Gordon Gekko's motto, &quot;Greed is good.&quot;</p> <p>Excessive consumption seemed cool in the '80s, but so did mullet haircuts and shoulder pads. Like the mullet, this relentless consumerism should be consigned to history. Because we have evolved, and we now have a better understanding of what makes us happy, and why. (See also: <a href="http://www.wisebread.com/5-ways-to-stop-your-mindless-spending?ref=seealso">5 Ways to Stop Your Mindless Spending</a>)</p> <p>Don't chase stuff, chase experience. It'll make you happier. Here are four reasons why.</p> <h2>Money Doesn't Make You Happy</h2> <p>Song writers have long known that money can't buy you love, and also, that the best things in life are free. And while it's true that there are some ways in which money can&nbsp;<a href="http://www.wisebread.com/9-ways-money-does-buy-happiness">positively influence our outlook</a> and prospects, this only works up to a certain point.</p> <p>The <a href="http://www-bcf.usc.edu/~easterl/papers/Happiness.pdf">Easterlin Paradox</a> is the classic research into the topic, named after a 1974 book chapter, penned by economist Richard Easterlin. Although the 40 years since then has provided plenty of time for other research to debate the merits of this theory, Easterlin surmised that money makes you happy only to a certain extent. Once basic needs are met, the impact of money on happiness diminishes, and ultimately, an excess of cash can cause stress, too.</p> <p>Views on this idea will vary based on personal experience, and some subsequent research has heartily <a href="http://www.pewglobal.org/2014/10/30/people-in-emerging-markets-catch-up-to-advanced-economies-in-life-satisfaction/">agreed with the original premise</a>, while other researchers have set out to disprove the hypothesis. A 2010 research paper found that <a href="http://www.pnas.org/content/107/38/16489.abstract">$75k is the magic number</a>, after which, income does not directly correlate with happiness. Although we are schooled to equate material things with reaching success, these same items do not lead to emotional wellbeing. All the more reason to use any spare cash to buy experiences, not things.</p> <h2>Stuff Loses Its Appeal &mdash; Memories Do Not</h2> <p>In a 2014 journal article, wonderfully named, &quot;<a href="http://static1.squarespace.com/static/5394dfa6e4b0d7fc44700a04/t/547d571fe4b094d782c0e634/1417500738967/Gilovich+Kumar+%28in+press%29+Always+Have+Paris+Advances.pdf">We'll always have Paris</a>,&quot; psychologists Thomas Gilovich and Amit Kumar explore the longer term impact on happiness from experiences compared to material purchases. Their research found firmly in favor of spending money on experience rather than things.</p> <p>The scientific key to their research is &quot;hedonic adaptation,&quot; meaning that we get used to things we have, and therefore the pleasure we associate with them fades away. If you buy a new tech gadget, for example, you might experience some initial high, but this can be eaten away as the product degrades, as your friends parade their newer versions, and as warranties or repairs add onto the initial cost. After a relatively short time, you're used to having your new toy. The novelty has worn off, and you no longer derive pleasure from it. Hedonic adaptation has set in.</p> <p>On the other hand, that skydive, dream vacation, or meal out with friends lives forever in your memory &mdash; often getting better over time, rather than worse, aided by our natural inclination to remember things fondly with rose-tinted flashbacks.</p> <h2>Experience Is Social</h2> <p>A strong argument in favor of spending money on experiences rather than things is not about the experiences at all. It's about the people we share them with.</p> <p>Experiences are often naturally social events, and they strengthen the bonds with others who make us happy. Also, experiences are better shared than the act of buying stuff. The tales that you share over the dinner table with friends in years to come are much more likely to be about the time Uncle John got sunburnt on vacation, rather than the awesome SUV you drove there in.</p> <h2>Material Success Can Be Transient</h2> <p>Even the very oldest of Millennials joined the workforce only a few years before the Great Recession rocked the world, and for those graduating after, life has been even tougher. It's hardly surprising that Millennials are driving the sharing/gig economy more than any other generation. Research shows that they will value <a href="http://www.goldmansachs.com/our-thinking/pages/millennials/">access to, not ownership</a> of material things, shifting the emphasis away from actual consumption.</p> <p>Growing environmental awareness has its part to play in this shift, but having experienced the struggle of recession firsthand, Millennials are also conscious of the fact that material goods are transient and could be taken from you in an instant. Memories, on the other hand, can not be taken away &mdash; making spending on experiences, rather than things, the natural choice for this generation.</p> <p><em>What do you think? Tell us in the comments.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/claire-millard">Claire Millard</a> of <a href="http://www.wisebread.com/4-reasons-you-should-splurge-on-experiences-not-things">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-thinking-skills-frugal-people-should-master">6 Thinking Skills Frugal People Should Master</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-dollar-store-buys-that-are-almost-too-good-to-believe">11 Dollar Store Buys That Are Almost Too Good to Believe</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-even-more-freebies-in-exchange-for-a-review">How to Get Even More Freebies in Exchange for a Review</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/50-great-things-to-do-with-50">50 Great Things to Do With $50</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-deals-to-look-for-at-pawn-shops-thrift-shops-and-other-weird-stores">The Deals to Look for at Pawn Shops, Thrift Shops, and Other Weird Stores</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Shopping events experiences memories special occasions Splurge Thu, 21 Apr 2016 10:01:03 +0000 Claire Millard 1694626 at http://www.wisebread.com 7 Unexpected Costs That Could Ruin Your Wedding Budget http://www.wisebread.com/7-unexpected-costs-that-could-ruin-your-wedding-budget <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-unexpected-costs-that-could-ruin-your-wedding-budget" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/wedding_married_couple_000057036094.jpg" alt="Married couple dealing with unexpected costs that ruined their wedding budget" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Walking down the aisle is quite possibly the most expensive party you will ever throw in your life. In fact, the national average <a href="http://www.wisebread.com/budget-bride-131-savvy-ways-to-cut-wedding-costs">cost for a wedding</a> in 2014 was a staggering $31,000, according to a survey conducted by wedding guru site, TheKnot. That's enough money for a respectable down payment on a house in many parts of America.</p> <p>Just where is all the money going? Here are seven costs that are sure to ruin your wedding budget if you aren't careful, and a few tips to avoid that from happening.</p> <h2>1. Location, Location, Location</h2> <p>This term is often used in real estate, but also applies when it comes to planning a wedding. Locations can be fancy, like grand hotel ballrooms, or simple like casual backyard affairs. Just where you decide to have your wedding can take up a sizable portion of your wedding budget. According to TheKnot, wedding venues take up over $14,000 of that $31,000 average.</p> <h3>Saving the Dough</h3> <p>If you are looking to save money, ask around and find someone who is willing to rent you their nice backyard for a small fee, or negotiate a discount with a more traditional wedding venue for an off night, like say a Monday or Wednesday. Another option is to try for an alternate time of year, say winter when weddings aren't as common. (See also: <a href="http://www.wisebread.com/this-one-wedding-trick-will-save-you-thousands?ref=seealso">This One Wedding Trick Will Save You Thousands</a>)</p> <h2>2. Peek-a-Boo Costs</h2> <p>Many people forget to budget for expenses that seem to come out of nowhere. For example, it's customary to tip the staff at the venue 10%&ndash;20% at the end of the night. That's on top of the fee you've already paid them. Or what about alterations to make that wedding dress perfect? Those can run into the hundreds. Another peek-a-boo cost is parking fees. Your guests are going to need a place to park, and if you're having a VIP moment and want to pay for all the parking, be sure to add $250+ to your already exploding budget.</p> <h3>Saving the Dough</h3> <p>Cut out the extra expenses that guests don't expect you to pay for like parking, call on your Aunt Nancy who's a great seamstress for alterations to the dress, and use friends as servers if possible.</p> <h2>3. Roses Are Red</h2> <p>There is no doubt that flowers are magical. Not only do they smell amazing, but they also add a certain polished quality that every wedding longs for. Roses, the most favored wedding flower, also happen to be the most expensive wedding flower. A dozen roses can cost upwards of $20. Don't forget bouquets and boutonnieres.</p> <h3>Saving the Dough</h3> <p>Find a local flower mart where you can purchase flowers the day before your wedding for a significant discount. Many florist shops will also have last minute deals on the flowers that are left over, which would make equally amazing tabletop decorations at a fraction of the cost.</p> <h2>4. Say Cheese</h2> <p>Spending $5,000 on wedding pictures is so 2014. It's a given that you will probably spend the first year looking back over your thousands of pictures and reminiscing. However as time goes on, the urge to recount every last detail captured in pictures is somewhere near the bottom of the to-do list. With social media sharing, and every wedding guest essentially being a private wedding photographer, it's easy to still capture every moment, without the hefty expense.</p> <h3>Saving the Dough</h3> <p>Use a wedding app like <a href="http://www.wedpics.com">WedPics</a>, where you can create a free app that will let your guests upload unlimited wedding pics and videos to your own personal site. This way you can still capture Uncle Bobby's long-winded wedding speech, but do it on a budget.</p> <h2>5. Cheers</h2> <p>The endless debate rolls on whether a wedding requires an open bar, or a cash bar. It's obvious that the open bar can be a silent budget killer. Inevitably, there are one or two guests that have waited until this moment to see how many martinis they can drink in a five-hour span. The most expensive drinks at a wedding are anything that is classified as a mixed, or specialty drink, that requires hard alcohol.</p> <h3>Saving the Dough</h3> <p>If you don't have the stomach for a cash bar, think about drinks that aren't expensive like beer and wine. If possible, cater in your own alcohol that you can purchase from a discount merchant like Costco or Sam's Club. Better yet, have an open bar for a few hours, and then switch to a cash bar.</p> <h2>6. Plus One</h2> <p>If there was ever a time to RSVP, it is for a wedding. Unfortunately, many people fail to understand the importance, and instead show up without RSVPing or, worse yet, they RSVP for one, and bring a guest or two. Wedding budgets everywhere just throw their hands in the air. At $50&ndash;$100 a head, if 10 extra people showed up, that's an extra $500&ndash;$1000 in costs that weren't accounted for.</p> <h3>Saving the Dough</h3> <p>Make RSVPing easy for guests by offering online options like <a href="http://www.rsvpify.com">RSVPify</a>. Another idea is to add a healthy pad into the wedding budget of 15%&ndash;20% so you are prepared for any plus one catastrophes.</p> <h2>7. Where's the Beef?</h2> <p>Right behind location costs, food costs are the second highest expense. Why do we feel the need to always serve guests a gourmet five-course meal at $100 a head? Just because it's common, doesn't mean it's good for your budget. Guests are also used to having choices at weddings. Would you like the chicken, fish, or beef? It doesn't take a genius to figure out that beef is the highest priced entrée on the menu. On average, beef costs $8&ndash;$10 more than its chicken or fish counterparts, and yet beef happens to be the most requested dish on any wedding menu.</p> <h3>Saving the Dough</h3> <p>The easiest solution is to obviously avoid serving beef. However, there are many options to incorporate beef that will still offer the luxury feel, without the luxury price. Try serving a beef appetizer, where one steak will serve many.</p> <p><em>Do you have any wedding saving tips? Tell us about them. </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/shannah-game">Shannah Game</a> of <a href="http://www.wisebread.com/7-unexpected-costs-that-could-ruin-your-wedding-budget">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-clever-ways-to-sample-the-good-life">8 Clever Ways to Sample the Good Life</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-money-saving-tricks-to-know-before-buying-an-engagement-ring">12 Money-Saving Tricks to Know Before Buying an Engagement Ring</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-deal-when-your-spouse-is-suffering-from-burnout">How to Deal When Your Spouse is Suffering From Burnout</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/regifting-a-simple-how-to-guide">Regifting: A Simple How-To Guide</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-be-charming">How to be charming</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Life Hacks Budgeting celebrations events marriage parties wedding Wed, 03 Jun 2015 15:00:09 +0000 Shannah Game 1438457 at http://www.wisebread.com Ask the Readers: Do You Attend Networking Events? http://www.wisebread.com/ask-the-readers-do-you-attend-networking-events <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/ask-the-readers-do-you-attend-networking-events" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3531041287_2392e60fe9_z-1.jpg" alt="Do You Attend Networking Events?" title="Do You Attend Networking Events?" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p><em>Editor's Note: Congratulations to </em><a href="http://www.wisebread.com/ask-the-readers-do-you-attend-networking-events#comment-539426"><em>Francesca</em></a><em>, </em><a href="http://www.wisebread.com/ask-the-readers-do-you-attend-networking-events#comment-539245"><em>Betty D</em></a><em>, and </em><a href="http://www.wisebread.com/ask-the-readers-do-you-attend-networking-events#comment-539592"><em>JoAn</em></a><em> for winning this week's contest!</em></p> <p>Everyone has heard the saying &quot;it's not what you know, but who you know.&quot; Oftentimes having a connection at a company you want to work for can help you get your foot in the door and land a job! One of the best ways to connect with other professionals is to attend networking events.</p> <p><b>Do you attend networking events?</b><span style="font-weight:normal">&nbsp;If so, how often? How do you find events? Have you ever met someone at an event who helped you find a new job? Have you ever helped someone you met at an event get a job?</span></p> <p>Tell us if you attend networking events and we'll enter you in a drawing to win a $20 Amazon Gift Card!</p> <h2>Win 1 of 3 $20 Amazon Gift Cards</h2> <p>We're doing three giveaways &mdash; one for random comments, one for random Facebook &quot;Likes&quot;, and another one for random tweets.</p> <h3>Mandatory Entry:&nbsp;</h3> <ul> <li>Post your answer in the comments below&nbsp;</li> </ul> <h3>For extra entries (1 per action):</h3> <ul> <li>Go to our <a href="http://www.facebook.com/pages/Wise-Bread/26830741467?ref=ts">Facebook page</a>, &quot;Like&quot; us, and leave a comment on this article telling us you did, or</li> <li><a href="http://www.twitter.com/">Tweet</a> your answer. You have to be a follower of our <a href="http://twitter.com/wisebread">@wisebread account</a>. Include both &quot;@wisebread&quot; and &quot;#WBAsk&quot; in your tweet so we'll see it and count it. Leave a link to your tweet (click the timestamp for the individual URL) in a separate comment.</li> </ul> <p><strong>If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.</strong></p> <h4>Giveaway Rules:</h4> <ul> <li>Contest ends Monday, July 16th at 11:59 pm Pacific. Winners will be announced after July 16th on the original post. Winners will also be contacted via email.</li> <li>You can enter all three drawings &mdash; once by leaving a comment, once by liking our Facebook update, and once by tweeting.</li> <li>This promotion is in no way sponsored, endorsed or administered, or associated with Facebook.</li> <li>You must be 18 and US resident to enter. Void where prohibited.</li> </ul> <p><strong>Good Luck!</strong></p> <div class="field field-type-text field-field-blog-teaser"> <div class="field-items"> <div class="field-item odd"> Tell us if you attend networking events and we&#039;ll enter you in a drawing to win a $20 Amazon Gift Card! </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/ask-the-readers-do-you-attend-networking-events">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-200-giveaway-what-is-your-top-question-about-personal-finance">Ask the Readers $200 Giveaway: What is Your Top Question About Personal Finance?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-happy-hour-help-you-better-manage-debt">Could Happy Hour Help You Better Manage Debt?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-should-kids-get-paid-for-doing-chores">Ask The Readers: Should Kids Get Paid For Doing Chores?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-how-did-you-spend-your-first-paycheck">Ask the Readers: How Did You Spend Your First Paycheck?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-whats-the-biggest-item-in-your-budget">Ask the Readers: What&#039;s the Biggest Item in Your Budget?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Giveaways Ask the Readers events networking Tue, 10 Jul 2012 10:36:12 +0000 Ashley Jacobs 939803 at http://www.wisebread.com Concession stand treats – a license to print money. http://www.wisebread.com/concession-stand-treats-a-license-to-print-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/concession-stand-treats-a-license-to-print-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/30377387_8b579577d7.jpg" alt="Concession stand rip off prices" title="Concession stand rip off prices" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>I was at a local fair recently. The kids were hungry, I was thirsty and we all wanted a snack break. But my wife and I knew we&rsquo;d have to pay the price. At events like these, you&rsquo;re paying way over the norm for anything. A 16oz soda cost me $4, a simple burger was $8! By the time I had fed my family, I had very little change left from $35. And to be honest, the food was junk. Welcome, my friends, to the over-priced world of event concessions. </p> <p>It&rsquo;s actually a double-edged sword. As the consumer, you&rsquo;re paying the high price of being a captive audience. Be it a movie theater, zoo, church event or a local concert, you can expect to pay serious extra cash for a regular item. From the $5 bag of popcorn to the $4 corndog, these are premium prices for very ordinary foods. But you usually let it go, because you&rsquo;re having a good time. </p> <p>You may grumble as you hand over $9 (yes $9) for a beer, like I did recently at a Stevie Wonder concert, but it&rsquo;s all part of the show. And other than sneaking in food and drink, there&rsquo;s really not much you can do about it, other than not eat or drink at all.</p> <p>However, if you&rsquo;re a business owner or a charity or looking to do a little fundraising, concessions are a veritable goldmine. I did a little digging on this, which wasn&rsquo;t easy as it sounds. Most companies don&rsquo;t want you to know food markup percentages, with very good reason. However, a friend of mine recently did a fundraising event and when I asked him about his supplies, he gave me the number and website of a business called <a href="http://www.funfoodproducts.com/fundraising/index.html">Fun Food Products.</a> As you can clearly see, the markups on some of these concession stand items are enormous.</p> <p><img width="465" height="500" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u17/Picture_1_9.png" title="food markup" alt="food markup" /></p> <p>We&rsquo;re talking a 97% profit margin on a simple Sno-Kone! But on a hot day, with the sun beating down, those Sno-Kones are in high demand, and people will pay your asking price. </p> <p>So, you can use this information to save money, or make it. As a consumer, if you&rsquo;re going out to a gig or fair, go prepared. Grab a bite beforehand or if you are allowed, pack a lunch. We usually take a cooler with sandwiches and drinks if we know we can get away with it. </p> <p>If you&rsquo;re looking to make some money, whether it&rsquo;s for fundraising, charity or your own pockets, concessions are a great way to go about it. You could even hire someone to man the stand for you, at $8-$10 per hour you&rsquo;ll easily cover the cost of that person&rsquo;s salary with the huge markups you&rsquo;re making from the menu. </p> <p>Bottom line &ndash; concessions are very healthy for your bottom line as a business. But buyer beware, as a consumer this is daylight robbery and no mistake.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/concession-stand-treats-a-license-to-print-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ugggh-hic-i-justss-gotta-eat-somehicthing-my-top-10-homemade-drunk-snacks">Ugggh, (hic) I justss gotta eat some(hic)thing; my top 10 homemade drunk snacks.</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-sleek-marketing-ploys-aimed-at-getting-more-of-your-grocery-money">5 Sleek Marketing Ploys Aimed at Getting More of Your Grocery Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/optical-illusions-that-make-you-fatter-and-your-wallet-lighter">Optical Illusions That Make You Fatter and Your Wallet Lighter</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/emergency-food-supplies-for-the-lazy-skinflint">Emergency food supplies for the lazy skinflint</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-gettin-baptized-in-the-watahhhhhhhhhhhhhhhhh-epiphany">The Gettin&#039;-Baptized-in-the-Watah Epiphany</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Food and Drink beverages concerts concessions events fairs Food snacks Tue, 29 Jul 2008 17:58:18 +0000 Paul Michael 2276 at http://www.wisebread.com Special Events that Will Cost you Nothing http://www.wisebread.com/special-events-that-will-cost-you-nothing <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/special-events-that-will-cost-you-nothing" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/special event.jpg" alt="" title="D&amp;E&#039;s Photostream" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p class="MsoNormal">Want something to do, but don’t have the cash?<span> </span>Activities are popping up all over the U.S. that won’t even require you to bring your wallet!</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Like art?<span> </span>Need some theatre?<span> </span><a href="http://www.freenightoftheater.net/index.cfm">Free Night of Theatre</a>, a national program of Theatre Communications Group, Inc., offers participants up to 4 free tickets to several showings across the country!<span> </span>50 cities will be offering a free showing at some of the best not-for-profit theatres in the U.S.<span> </span><a href="http://www.freenightoftheater.net/shows/index.cfm">Check the website</a> for locations and showtimes.  We were also told about free tickets to <a href="http://content.smithsonianmag.com/museumday/">hundreds of museums</a>, compliments of Smithsonian Magazine and a participating museum near you on September 29th! (Thanks for the tips, <a href="http://deallocker.com/">Jonathan</a> !) </p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Get healthy with a free screening sponsored by Kelloggs.<span> </span>Get your blood-pressure and cholesterol checked by health professional for no charge!<span> </span>You will also have access to fiber intake and body mass index to get you started in the right direction for a healthy lifestyle.<span> </span>Look up a screening at a <a href="http://healthybeginnings.com/cgi-bin/hb/find_events.pl?etype=Screenings&amp;zip=68154&amp;distance=5&amp;retailer=All+Retailers">retailer near you</a> for the date and time. </p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Have you ever been fishing?<span> </span>Would you like to try?<span> </span>While most states hold their annual free fishing days in June, some (including California, New Mexico, and parts of New York) have a second day in September or October.<span> </span>These days allow anyone to fish without a license and are a great way to get outdoors!<span> </span><a href="http://www.freefishingday.com/freefishingsearch.html">This website</a> lists all the days for each state.</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">If you’ve ever wanted to be a member of a live studio audience, check out <a href="http://www.tvtickets.com/">Audiences Unlimited, Inc.</a><span> </span>Studios in both CA and New York are offering free tickets to the shows seen on FOX, NBC, Disney Channel and more!<span> </span>Check the <a href="http://www.tvtickets.com/fmi/xsl/shows/recordlist.xsl?">schedule</a> for shows starting 30 days in advance of the taping.<span> </span>Some of the current shows include ‘Til Death, Two and a Half Men, According to Jim, and Rules of Engagement.</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Need some free samples?<span> </span>Want to try new products?<span> </span>Walmart will be offering a Dove Hair Care Event on Sept. 12th and 13th at <a href="http://walmart.triaddigital.com/enhancedrendercontent_ektid17832.aspx">these locations</a>.</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Are you a DIY’er?<span> </span>The Home Depot offers in-store clinics to show you how to do projects around the home.<span> </span>For even more fun, their Kids Clinics offer fun hands-on-projects for children to do with an adult.<span> </span>Build a birdhouse, toolkit, or stepstool to take home, and all kids receive a free child-sized orange apron and achievement pin!<span> </span>For locations and times, check out their <a href="http://www.homedepotclinics.com/">website</a>.</p> <p class="MsoNormal">&nbsp;</p> <p class="MsoNormal">Do you know of another free national event taking place this fall?<span> </span>Let us know at <a href="mailto:tips@wisebread.com">tips@wisebread.com</a> or post in the comments.<span> </span>We would love to hear about all the free fun to be had in your community! </p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/special-events-that-will-cost-you-nothing">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/sell-handmade-goods-buy-cheap-handmade-goodies">Sell handmade goods, buy cheap handmade goodies.</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-get-free-or-almost-free-airline-tickets">10 Ways to Get Free (or Almost Free) Airline Tickets</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-even-more-freebies-in-exchange-for-a-review">How to Get Even More Freebies in Exchange for a Review</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/20-freebies-for-college-students">20+ Freebies for College Students</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-you-save-money-by-subscribing-to-an-addictive-game">Could you save money by subscribing to an addictive game?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Art and Leisure arts events freebies Tue, 11 Sep 2007 14:36:56 +0000 Linsey Knerl 1146 at http://www.wisebread.com