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How to Experience the Best of NYC for Under $100

How to Experience the Best of NYC for Under $100

It’s no secret that New York City isn’t exactly one of the cheapest places to visit. If you’re heading to the Big Apple, you’ll have to pay for travel and accommodations, which can be costly themselves. Then, you’ll want to have some extra cash if you plan to take in any of the sites or do a little shopping while you’re there. When it’s all said and done, it can be pretty expensive!

However, there is some great news for those of you traveling to the city. Here’s why: it is absolutely possible to visit New York City on a budget and still have a great time. How is it possible, you ask? Well, I’m going to tell you! In this post, I’m sharing exactly how you can experience the best of New York City for under $100.

1. Transportation

One of the great things about New York City is that there are multiple modes of transportation you have access to. You can choose which one is right for you depending on where you’re going and how much you want to spend. If your destination isn’t far from your hotel accommodations, you can easily walk the city sidewalks to get there. Not only is this a great way to take in the sights and really experience the city, but it’s great exercise as well. And the best part? Walking is totally free!

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However, you will likely need to use public transportation at some point, especially if you’re traveling a farther distance. You have three options for public transportation: a taxi cab, the subway, or a bus. While those New York taxis may be iconic, they aren’t always the most cost effective way to get around the city. Instead, you will likely want to check out the subway or the bus.

One of the best ways to navigate the often confusing NYC metro system is by downloading the official MTA app on your phone. Here are the iOS and Android versions.

For riding the subway or bus, you can purchase a Metrocard to get where you need to go. A regular Metrocard charges you $2.50 per ride, which can add up if you’re anticipating using public transportation often. So, if you know you’ll be riding the bus or subway more than eight times during your stay, spring for the seven-day Metrocard pass, which is $30. While it may seem like a lot of that $100 budget, it’s actually the most affordable option in the end.

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2. Things to Do: Parks, Museums, & More

There are so many things to do in New York that it can be hard to fit it all into one trip. If the weather is great during your stay in New York, you might want to get some fresh air and soak up the sun at one of the popular parks in the area. Some of the free parks you can visit include Central Park, The High Line, and Prospect Park. All three are great locations to check out! If you’re in the city during the summertime, you could enjoy a concert at Central Park or even pay a visit to the zoo there, which would only cost $18.

If you’re just itching to get out on the water, the Loeb Boathouse in Central Park allows you to rent a boat for $15 per hour. However, if you’re looking for an absolutely free option, there are boathouses that provide free kayaking. Check out the Downtown Boathouse and Manhattan Community Boathouse, just to name a few, to find free kayaking. It’s a great way to get out on the water and get in a little exercise, too!

You can even head to Coney Island for a day of fun with Luna Park and the New York Aquarium in the area. At Luna Park, you can ride all the rides you want for four hours at just $32. While you’re there, you can even play games and grab a delicious snack. Over at the aquarium, you’ll find sea lions, penguins, and more with a $11.95 entrance fee.

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For beautiful scenery, head to the Brooklyn Botanic Garden, which actually offers free admission depending on the day and hours. All you have to do is check their website to see when they’re opening, based on the season, and check for the times they offer free admission. It’s a gorgeous place to visit, especially when the weather is nice out. If you can’t get in with free admission, you are suggested to pay $12 as a donation to the park.

If you’re in the mood for a more cultural experience, there are plenty of museums to visit in New York. Both the Metropolitan Museum of Art and the American Museum of Natural History have an entrance fee that is a suggested donation. Donate what you can to support the museums and enjoy seeing all the exhibits they have on display. Suggested donation for adults at the Met is $25, and it’s $22 at the American Museum of Natural History.

3. Where to Eat

Of course, New York City is home to some of the finest restaurants in town. While they’re great to dine at if you’re willing to splurge a little, you’ll likely have to make a reservation in advance to even get a table at these popular restaurants. If you’re looking to save, there are plenty of options around the city for affordable, yet delicious, food. You just have to look for it.

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There are a number of great pizza joints throughout the city, some of which will allow you to grab a “New York slice” for just $1. Who could resist that? If you’re a foodie and in the city on the weekend, you can head to Brooklyn’s Smorgasburg food fair. It takes place every Saturday and Sunday and is located in the East River State Park and the Brooklyn Bridge Park. They bill themselves as a “food flea market”, you’ll see why when you get there. The best part is you can find amazing food there for under $10.

If you’re looking to grab a drink at one of the local bars, keep your eyes peeled for ones that offer free drinks or discounts at happy hour. There are plenty around the city that will allow you to save the cash while enjoying a cool drink. One of the best resources for finding happy hours in NYC is NYHappyHours.com.

Featured photo credit: Pexels via pexels.com

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Dan Scalco

Director of Marketing

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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