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New York: How To Make the Most Of It On A Budget

New York: How To Make the Most Of It On A Budget

After just having returned from a month in New York, I am definitely in love with the city. The big problem is that the Big Apple is also certainly a place that will take a big bite out of your savings if you ever decide to go there.

I’m certainly no millionaire and I managed to not only love every minute of my time but to also leave without a mountain of debt to face now that I’m back home. Here are some easy-to-follow tips for you to be able to do the same thing.

New York Living

Depending on how long you are planning to stay in the city, accommodation will almost certainly be your biggest outgoing. The best solution, and the one I was incredibly lucky to benefit from on my first stay there, is to find a place through a friend. Getting somewhere for free is a real long-shot, as everybody in the city suffers to pay the rent to some extent, but it is not impossible. Utilize your social media channels to tell people where you going and when. You never know how happenstance and a great stroke of luck might help you live it up in a two bedroom new build in Williamsburg.

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If you can’t find a friend to give you a hand, check out Craigslist. Americans use this a lot more than the rest of the world and you can often find better deals on here than those that appear on Airbnb. If you don’t mind sharing, there are also quite a lot of decent hostel options, but for the cheapest prices, you need to understand that you will be sleeping with around 16 other people in a dorm every night!

Embrace Deli Culture

During my first week in New York, I was a little bit wary of the endless options of delis offering freshly made sandwiches. This was a big mistake on my part as I soon learned that delis are the best way to eat really well without burning a hole in your pocket.

Eating out in New York is incredibly expensive by European standards unless you are happy to eat fast food for the duration of your stay. This might see you saving a lot of money, but it certainly won’t do your health much good.

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With most supermarket products also being a lot more expensive than they are in all of the other places I’ve ever been in my life, a good deli is a perfect place to get yourself some freshly made food at a price that isn’t going to want you to start missing meals to save cash.

Walk

New York is enormous and the underground service whilst being extensive is almost pretty jam packed and quite pricey at $2.75 per trip. Bearing this in mind, the best thing to do is to first buy a weekly Metro card so that you can travel as much as you like for $30. The subway is essential because of the sheer size of the city, but nobody wants to spend half of their holiday underground.

For me one of the most enjoyable ways to truly experience the city was to simply walk for miles through its endless streets. In Manhattan, you can easily jump off the subway and then stroll around Central Park before wandering the highly exclusive uptown parts of Fifth, Park, and Madison Avenue before diving down into tourist territory around Times Square.

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Chelsea, Greenwich Village, Union Square, Chinatown, Little Italy. All of these places are so varied and interesting that to really make the most of your experience you should just allow yourself to wander and see where your feet take you. Not only will you begin to feel like a part of the city, you’ll also not be spending any money by doing so. Clocking up the miles on foot is also great for your health.

Culture Vulture Tips and Tricks

New York is arguably the most important city in the world. For this reason, it’s also home to some of the best art that can be found anywhere. Unlike London, where almost all museums are free, in New York, you have to pay your way. This is annoying if you’re on a budget, but it’s not completely true.

The majority of the major museums do have admission fees, but in brackets, you will see that the stated price is only the “suggested” one that you should pay. If you are not flush with money, there is absolutely no shame in paying the person on the ticket office exactly what you can genuinely afford to pay.

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Another huge advantage that culture vultures have in New York is that this is a city where the art world is also incredibly active in terms of buying and selling. This means that in Chelsea you will find gallery after gallery featuring works by some of the world’s greatest living and deceased artists in small exhibitions that are completely free of charge to enter. In one afternoon, I saw small exhibitions by Rothko, Nan Goldin, Ai Weiwei, and William Eggleston all without spending a dime.

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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