What to Do When the Stock Market Crashes

Stock market crashes have happened several times throughout history, and crashes in the future are all but guaranteed. These sharp declines in share prices are a scary concept for most investors.

The good news is that although market downturns can be painful, thoughtful planning and execution of investments — even during these times — can yield positive results.

What Is a Stock Market Crash?

Market crashes and market corrections are often viewed as the same thing, but in reality, they’re very different, and that difference is important to understand when planning your moves. Market corrections are periods of downward movement of 10% or greater that happen over a series of days, weeks, months, or even longer.

Market crashes, on the other hand, are rapid, widespread declines in stock prices, marked by high volatility. While there is no official percentage decline that defines a crash, the declines are painful and dramatic — often 30% or more.

Market crashes generally take place when signs of a bear market are on the horizon, there’s a general feeling of overvaluation in equities, and economic conditions are questionable or in all-out financial crises. At these points, panic selling hits the market, and major indexes like the S&P 500 and the Dow Jones Industrial Average take dives.

Crashes were seen during the Great Depression and the bursting of the real estate bubble, but that’s in the general sense. Market crashes can also come out of nowhere, as was the case on Black Monday, October 19, 1987, when the U.S. market took the biggest single-day hit in history, and it happened out of nowhere.


What to Do if the Stock Market Crashes

While there’s no way to accurately time when the next stock market crash will be, there are some troubling warning signs for 2021 or 2022.

What should you do the next time Wall Street seems to go into an all-out panic? Follow the eight steps below:

1. Keep Your Cool

The first thing to remember when the floor falls out of the stock market is that it’s important to keep your cool. Emotion is the enemy of the investor, and emotional decisions can lead to significant losses far beyond what you should have to accept.

History tells us that market crashes are, for the most part, short-term movements that happen over the course of days, weeks, or months — or in severe crashes, maybe a year. Once the market reaches what investors perceive to be the bottom, stock prices begin to rebound, often leading to a long, drawn-out recovery filled with opportunity.

Some of the best examples of this are:

  • COVID-19 Crash. The coronavirus pandemic led to sharp declines from February through March of 2020, but by the end of March, prices were already beginning to rebound. Investors who stayed the course enjoyed a swift, V-shaped recovery, and the S&P 500 began recording all-time highs again by August 2020.
  • The Great Recession. The Great Recession was one of the worst market crashes in history. However, even during this drawn-out stock market crash, prices only declined for about six months, from August 2008 to March 2009. The bottom in 2009 was followed by the longest bull market in history, which spanned more than a decade.
  • Black Monday. The Black Monday stock market crash led to the worst single-day losses in U.S. stock market history, but stock prices reached the bottom in less than a month.

The fact of the matter is that the market is known for upward and downward fluctuations, and some are better or worse than others. Seasoned long-term investors have learned to ignore these fluctuations because longer periods of bull market activity more than make up for the declines in the vast majority of cases.

That means a market crash isn’t a time to panic — it’s a time to think strategically.

2. Don’t Run From Opportunity

It may seem counterintuitive, but a market crash is one of the best times to find long-term opportunities in the market. Stock market declines will happen, but as the great value investor Warren Buffett would point out to you, it’s best to buy when the market is fearful and sell when the market is greedy. That’s the basis of Buffett’s favorite investment strategy, value investing.

There are tons of investment strategies to use during bear markets. Rather than turning and running from the market, pay close attention to what’s going on within it. When opportunity comes knocking, be ready to answer the door.

3. Assess Your Asset Allocation Strategy

One of the reasons long-term investors don’t fret about a market crash is because when they put their portfolios together, they do so following an asset allocation strategy based on their risk tolerance.

Asset allocation strategies outline how much of your investment portfolio should be invested in asset classes like stocks, mutual funds, index funds, and exchange-traded funds (ETFs) and how much of your portfolio value should be nested in safer assets like bonds and other fixed-income securities.

When the market is crashing, it’s the perfect time to assess your allocation strategy and determine whether it falls in line with your risk tolerance. If your portfolio isn’t quite as protected as you thought it was, it’s time to mix it up and bring more fixed-income investments into the picture. On the other hand, if your portfolio is too conservative, consider looking for opportunities to add undervalued stocks to your portfolio.

If you haven’t paid attention to asset allocation at all, it’s time to start. A great way to adjust your allocation for the first time is to use your age as a guide.

For example, if you’re 25 years old, consider investing 25% of your portfolio in low-risk fixed income securities and the remaining 75% in stocks and similar vehicles. As you age, more of your portfolio should be allocated to safer investments because you have more time to wait out and recover from declines should they happen when you’re younger.

4. Assess Your Diversification Strategy

You likely grew up hearing the old adage, “don’t put all your eggs in one basket.” This adage is an important one to remember in various aspects of life, including investing. In fact, diversification is key in any long-term investment portfolio.

To diversify means to spread your investing dollars over a variety of investment opportunities. That way if one or more investments falter, gains among other investments in your portfolio limit the impact of the blow.

When the stock market crashes, it’s a great time to assess whether your diversification strategy is working in your favor or against you. When looking at your portfolio, ask yourself the following questions:

Am I Investing Too Much Money Into a Single Asset?

Properly diversified portfolios have 20 or more separate investments, with no more than 5% in any single asset and no more than 5% total in the entire group of high-risk assets like penny stocks and Bitcoin.

If more than 5% of your asset value is invested in any single stock, it’s best to divest your holdings until the 5% cap is reached. You can use the money you gain from the divestment to invest in other opportunities.

Am I Investing Across Sectors?

Investors tend to invest in sectors they’re comfortable with. This is especially true for beginner investors.

However, if all of your investments are in the tech sector, and that sector crashes, you’ll be left with significant losses. A well diversified portfolio includes investments across various sectors, especially those that are not highly correlated with one another.

Am I Mixing In Safe Assets?

Growth stocks tend to be the biggest gainers in bull markets and the biggest losers in market crashes. On the other hand, income investments generate slow, steady growth and tend to hold their ground in bear markets.

Assess your portfolio to see whether your money is diversified between different styles of assets to protect you during rough times.

5. Look for Undervalued Opportunities

During a stock market crash, prices fall dramatically — that’s a given. But, as mentioned above, value investors like Warren Buffett will tell you that it’s best to buy when the market is fearful and sell when the market is greedy, and for good reason.

When buying during or shortly after a crash, you’ll enjoy lower prices than you would when the bulls are running on Wall Street. Considering that investing, at its core, is about buying low and selling high, a crash is the best time to buy, but it’s important not to go crazy and start buying everything you see.

Instead, make a calculated effort to find the stocks that are enjoying the largest undervaluations, as they will become the stocks with the biggest potential for gains when the crash is over.

Finding undervalued stocks is as simple as paying close attention to value metrics like the price-to-earnings (P/E) ratio or the price-to-book-value ratio.

Pro tip: Before you add any stocks to your portfolio, make sure you’re choosing the best possible companies. Stock screeners like Stock Rover can help you narrow down the choices to companies that meet your individual requirements. Learn more about our favorite stock screeners.

6. Practice Dollar-Cost Averaging

Dollar-cost averaging is the process of spreading large investments out equally over a period of time. For example, if you wanted to buy $5,000 worth of ABC stock, you could decide to make five investments of $1,000 in ABC every day, week, or month.

Spacing out your investments following a crash protects you from sharp declines should the crash not yet be over.

Let’s say you decided to make five $1,000 weekly investments in ABC, which traded at $20 per share on week one, $15 per share on week two, $17.50 per share on week three, $20 per share on week four, and $15 per share on week five.

In this case, your $1,000 each week would purchase 50 shares, 66 shares, 57 shares, 50 shares, and 66 shares on weeks one through five, respectively. At the end of the five week run, you would end up with 289 shares of ABC stock.

If you had invested all $5,000 in ABC shares on the first week, you would have purchased 250 shares. By dollar-cost-averaging, you ended up with 39 additional shares for your money.

Looking at this example from a gain/loss perspective, either investment would have declined because ABC stock dropped from $20 per share at the beginning to $15 per share at the end. But the $5,000 one-time investment would be worth $3,750 at the end of the five-week period, while the separate investments would be worth $4,335, giving you less ground to make up when the market starts to rebound.

7. Rebalance When the Storm Passes

Volatility is commonplace during crashes. Wide fluctuations in value will ultimately throw your portfolio’s balance out of whack as some asset prices change more than others. Once prices start to rebound, it’s time to rebalance your portfolio and make sure it still aligns with your investment strategy.

Rebalancing a portfolio is a relatively simple process. Start by making a note of what percentage of your investment dollars are invested in stocks and similar assets and what percentage of your portfolio is invested in fixed-income investments. Doing so will let you know if your allocation is still in line.

Next, look at each individual investment and determine what percentage of your overall portfolio value is invested in each one. If those percentages are higher than you’d like them to be, divest the assets until your allocation has reached a comfortable level. Use the money you’ve divested from these investments to buy other assets that are underallocated according to your strategy.

8. Consider Hiring a Financial Advisor

Most people have a drive to do what they can for themselves, avoiding costs associated with hiring professionals. However, showing up to the stock market during a market crash without knowledge of the inner workings of the system or without a financial expert is like showing up to court without an attorney.

There’s no harm in seeking professional help when you’re not sure about something, especially when that something is your hard-earned money. If you’re still nervous about investing during a crash after reading this guide, it’s wise to seek the assistance of an expert. SmartAsset has a service that helps you locate fiduciary advisors in your area or you could use a service like Vanguard Personal Adviser Services.


Final Word

Stock market crashes will happen from time to time; it’s the nature of the beast. However, by keeping your cool, adjusting your allocation and diversification strategies, and making wise decisions, these market declines can prove to be major opportunities.

As is always the case, whether the bulls or bears are running, it’s important to do your research and get a thorough understanding of what you’re investing in prior to making any investment decisions.

Source: moneycrashers.com

How to Get Rid of Roaches in Your Apartment | ApartmentSearch

Man in white room looking at over 20 cockroaches on his floorWhen you moved in, everything seemed pristine. The tiles? Gleaming. The stovetop? Spotless. The carpet? Brand new! However, you quickly started finding roaches hidden in cracks, crevices, and cupboards after your move. You’re likely wondering, “Why do I have roaches in my clean apartment?” These pesky creatures are not only terrifying (they can fly!), they are pests that can cause health concerns. Now what? Learn how to get rid of roaches in an apartment if you already keep a clean house.

Why Do I Have Roaches in My Clean Apartment?

A sparkling clean apartment is the best deterrent for attracting cockroaches, but it’s not entirely foolproof, as you unfortunately know. Some common factors that might draw cockroaches to your apartment include:

Damp Areas

Roaches rely on moisture for survival and that search for water will bring them into even the cleanest of apartments. Leaky pipes or a drippy faucet, things you don’t typically associate with a dirty apartment, are just what those cockroaches are looking for. That’s why you’ll most often find roaches in kitchens, bathrooms, laundry rooms, and other areas where water is used. And don’t forget about things like pet water bowls or standing water in that sink where you’re soaking the dishes overnight.

Cracks and Crevices

Roaches prefer the feel of something solid against their bodies, so even a clean apartment isn’t immune from cockroaches finding their way into the spaces between tiles, cracks in the walls, molding pieces, and gaps found between electrical installation and piping systems. All of these serve as roach shelters.

Food

Leaving any food around and uncovered is inviting cockroaches to come and hang out. Sometimes you may clean your kitchen one day, but then soon forget to wipe down your counters to get rid of food crumbs. Or you forget to close a box of cereal before putting it back into your cabinet. Open tops, lids, and jars make for an easily accessible snack for those pesky bugs.

Best Ways To Get Rid of Roaches In Your Apartment

Cockroaches are quick, sneaky, and adaptable pests that are quite honestly a pain to get rid of. They are also harmful to have around, as they carry bacteria and other infectious agents, so as soon as you spot one of these unwelcome house guests, take action!

Limit Moisture

To reduce the chances of a roach infestation, get rid of standing water anywhere in the apartment. Whether that’s fixing a dripping faucet or avoiding soaking dishes overnight, make an effort to cut down on the sources of water that are available to the roaches.

Seal Nooks and Crannies

You might not usually scour your apartment looking for cracks and crevices, but now is the time to do so. Carefully check for those nooks and crannies and then use caulk to seal them, effectively blocking off the entry points that roaches may use.

Use Bait

Often, the safest and most effective baits work over time to kill off roaches. Place the bait in containers spaced throughout their most frequent hang out spots, and change it out once a month. The cockroaches will either eat it on the spot or carry the poison back to their friends and spread the plague. Various bait and gel options are often found at your local hardware store or supermarket.

Talk to Your Landlord

Finally, if you’ve truly done all you can do, talk to your landlord. Chances are your apartment unit isn’t the only one with a problem, and poorly maintained outdoor spaces may be contributing to the problem. Having a conversation with your landlord could help provide solutions, including bringing in a professional exterminator.

Move to a New Place

If you’ve done everything above and still find roaches in your apartment, you have another option: move! Find a new, clean space, complete with 24-hour maintenance for your next transition with ApartmentSearch.

Source: blog.apartmentsearch.com

New Radisson Rewards Americas loyalty program launches today – The Points Guy


Radisson to launch separate loyalty program for travelers in the Americas


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Why the perfect credit score isn’t necessary – The Points Guy


Why the perfect credit score isn’t necessary – The Points Guy


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Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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25 Home Depot Shopping Tips & Tricks to Save Money

Since purchasing my first fixer-upper home a few years back, I’ve set foot inside the Home Depot at least 100 times, and I couldn’t begin to tell you how many visits I’ve made to the home improvement giant’s website.

I’ve spent more money than I’d like to admit. Thankfully, I’ve saved many thousands of dollars too.

If you’re planning a home improvement project to reduce homeownership costs, improve your home’s energy efficiency, or increase your home’s value — or if you’re just taking care of a few DIY projects — check out these tips and tricks.

How to Save Money Shopping at Home Depot

These are the most reliable tips to save money at Home Depot. They range from little-known discounts to well-worn advice on shopping trip timing.

1. Find Home Depot Coupons

Home Depot’s coupon page is a goldmine for discounts and deals in-store and online. If you’re planning a store visit, scroll to the bottom to search for your local ad, which contains time-limited sales not advertised elsewhere on Home Depot’s website.

2. Sign Up for Text Alerts

Sign up for Home Depot’s text alerts if your mobile provider doesn’t charge for inbound SMS messages. You’ll receive at least several messages per week.

Home Depot’s text alerts aren’t particularly well targeted. I’ve received countless offers from departments I’ve never purchased anything in.

But enough alerts are relevant to justify signing up, especially if you’re in the early stages of a big project that will require multiple trips to Home Depot. You can always unsubscribe when you complete the project.

3. Join the Email List for a One-Time Discount

Sign up for Home Depot’s free email list to earn $5 off your next purchase online or in-store. The discount comes as an emailed coupon.

After signing up, you receive Home Depot’s occasional promotion emails, which offer:

  • In-store and online discounts and savings opportunities
  • How-to guides for DIYers
  • Home improvement project ideas and tips

If you’re worried about the extra emails, popular email suites like Gmail divert promotional emails into a separate inbox (labeled “Promotions”) to keep users’ primary inboxes clear. Or you can set up a filter of your own. You’ll barely notice the additional message volume.

4. Search HomeDepot.com for Product-Specific Rebates

Home Depot’s rebate center advertises thousands of rebates on specific products. Part of the reason it has so many is because Home Depot rebates apply at the SKU (unique stock number) level.

That means products that come in different configurations or sizes are likely to have multiple rebates associated with them — different rebate amounts for different sizes, for example.

Many individual SKUs are also eligible for more than one rebate. For instance, an energy-efficient appliance might qualify for a green energy tax credit, a utility company rebate, and a manufacturer rebate.

You must apply for each rebate separately online or by mail, but it’s worth the trouble when you stand to save hundreds on a major purchase.

5. Check for Overstock Deals

Home Depot’s special values include hundreds of overstock products in your local store, either in stock or eligible for ship-to-store. Many are deeply discounted — over 50% in some cases.

It can be hard to find the exact color or specifications you’d like. But if you’re not picky, it’s a fantastic place to find deals on the home goods you need.

If you’re already in your Home Depot store or planning to venture in anyway, check the back for heavily discounted overstock and damaged merchandise. In the rear of the lumber department, old boards sell for up to 70% off, and store staff will cut up to two lengths for free.

Nearby, there’s often a cart or two of miscellaneous discounted products with cosmetic dings or dents that don’t impact function.

6. Look for Daily Deals

Home Depot runs enticing daily deals every day. The category-specific Special Buy of the Day rotates through fairly broad product categories, such as residential water treatment systems and whole-home cooling systems.

7. Use a Cash-Back Credit Card With Rotating Categories

Using a cash-back rewards card with rotating cash-back categories is a must every time you patronize a home improvement retailer.

Your best bet is the Chase Freedom Flex credit card (read our Chase Freedom Flex review) and its quarterly rotating 5% categories. Home improvement stores enter the rotation every year or two. However, Chase makes no guarantees about what’s in store for the future (and typically doesn’t reveal 5% categories until a few weeks before the start of a new quarter).

8. Take Advantage of Temporary Credit Card Offers

Chase Freedom isn’t the only credit card that promises above-average rewards on Home Depot purchases.

Other Chase credit cards have been known to extend time-limited bonus opportunities to cardholders. Examples include the Chase Freedom® Unlimited credit card (read our Chase Freedom Unlimited review) and the Chase Sapphire Preferred® card (read our Sapphire Preferred review).

Amex Offers, a members-only discount database for American Express cardholders, usually includes home improvement stores as well.

9. Wait for Promotions to Make Major Purchases

Whether you’re planning a major DIY or contracted home improvement project, it always pays to wait for the right time to purchase your supplies. Once you’ve finished your shopping list, visit or call to ask about upcoming promotions.

You probably won’t have to wait long.

For example, before a major kitchen renovation, my wife and I purchased cabinets and countertops in two separate orders. We bagged the countertops as soon as we decided on the material and pattern to avoid missing a 20%-off sale. But we waited two weeks after settling on cabinets to make the purchase. That was just long enough to snag 30% off that part of the order.

Our design tech told us we probably wouldn’t have to wait longer than two more months for the next cabinets promotion.

10. Be the Squeaky Wheel

Don’t hesitate to escalate. This trick is near-universal in the retail world, but I’ve had excellent luck with it at Home Depot. Department and store managers have tremendous leeway on pricing.

Even rank-and-file department employees are authorized to knock up to $50 off merchandise if the customer isn’t satisfied.

I thought I’d gotten a good deal on new interior French doors during a 15% off sale, but when it took longer than promised to receive them, I politely complained and got another $50 off on the spot.

11. Take Advantage of Special Financing on Major Purchases

Home Depot offers interest-free financing on large purchases for credit-qualified customers.

Chain-wide, the standard deal is a 0% annual percentage rate (APR) for six months on purchases of $299 or more. Individual stores may offer longer interest-free deals on larger purchases.

I’ve taken advantage of a 24-month 0%-APR financing period on a four-figure purchase (the threshold was $1,999 in that instance). That’s the longest interest-free financing period I’ve seen at Home Depot.

But applying for Home Depot’s 0%-APR financing offers means submitting to a hard credit pull that temporarily lowers your credit score by a few points. If approved, you receive a credit card with a credit limit determined by things like your credit score and income.

The larger the purchase amount, the higher your initial credit utilization ratio. And on substantial purchases, your credit limit could be just a little higher than the purchase price. That also negatively affects your credit score, with the effects lingering until you mostly pay off your balance.

Make up for the hit by keeping your credit card account open and unused after paying off the initial balance. I keep my Home Depot credit card in the bottom of a secure filing cabinet, where it’s remained untouched since it arrived.

There’s another perk to using a Home Depot credit card or credit line: an extended return window.

You can return most merchandise (except those listed as uncovered by Home Depot’s return policy) purchased with qualifying Home Depot credit products for up to one year (365 days) from the purchase date.

12. Capitalize on Home Depot’s Expansive Price-Match Policy

Home Depot’s low-price guarantee includes a generous price-match policy that covers in-store and online purchases.

If you find a lower advertised price on an identical product to one you purchased from Home Depot, Home Depot will match that price and the competitor’s shipping rate (if any) and reimburse the difference.

13. Rent a Truck at Your Local Home Depot

Are you moving across town? Or planning to haul the results of your DIY demolition project to the dump?

Before overpaying for a U-Haul or calling in a favor from that one friend with a pickup truck, check your local Home Depot. Though selection varies by store, many have flatbeds (essentially heavy-duty pickups) and box trucks (large moving vans) available for rent by the hour or day.

Home Depot’s truck and tool rental page has more details. For flatbeds, the ideal rental window is two hours or less, after which hourly pricing rises steeply.

14. Rent Tools Before You Buy

Home Depot rents a slew of tools that are too expensive, bulky, or specialized for most people to invest in, especially if you’re only using them occasionally or for one project.

After confirming the tool you need isn’t in stock at your neighborhood tool lending library or hardware store, both of which will probably be cheaper to rent on an hourly basis, stop by your local Home Depot warehouse.

Not all locations offer tools for rent, so check online beforehand.

15. Look for Prices Ending in 6 and 3

It’s easy to spot in-store discounts at Home Depot. Just find the yellow price tags and look at the last numeral. If it’s a 6, it’s a good deal. If it’s a 3, it’s a great deal. It’s the lowest the department is willing to go on that particular merchandise.

Discounted prices ending in 6 typically last for six weeks. Then, the price drops to one ending in 3, where it remains until the product sells out or Home Depot removes unsold inventory to make room for higher-margin stock.

16. Return Dead or Unproductive Plants Within One Year for a Full Refund

The Home Depot garden center’s return policy is better than any other department’s. Perennials, trees, and shrubs all carry a one-year (365-day) guarantee.

If they die or fail to bear flowers or fruit (when applicable) during that period, you can return them for a full refund.

17. Take Advantage of Recurring Annual or Seasonal Sales

Home Depot excels at seasonal sales. At any given time, at least one department is holding a blockbuster clearance event. Examples include:

  • Plants. The garden center typically offers the most enticing deals in April, or whenever spring comes to your neck of the woods. In colder climates, fall sales on perennials, including trees and shrubs, typically feature massive markdowns. Members of the Home Depot Garden Club may qualify for additional discounts and sales not available to the general public as part of their free membership.
  • Holiday Decor and Accessories. Holiday decorations like wreaths, natural and artificial Christmas trees, and serving ware first go on sale during Black Friday week. The home improvement giant marks them down even further in January.
  • Grills. The week of July Fourth is the best time to buy grills at Home Depot.
  • Paint. Paint discounts peak on Memorial and Labor Day weekends, with savings up to 40%.
  • Kitchen and Bath. The first quarter of the year is the best time to make significant kitchen and bath purchases at Home Depot.
  • Patio Furniture. Take advantage of clearance items in Home Depot’s patio furniture department during the waning days of patio season, which can vary by geography.

18. Set Up Subscriptions for Recurring Purchases

Home Depot Subscriptions is a recurring home delivery program that promises 5% savings across the board on household staples like coffee, cleaning supplies, air filters, and pet food.

The program also touts contractor staples, such as job site safety equipment, painting supplies, and power tool accessories.

But Home Depot Subscriptions isn’t the only subscription service. So confirm it’s cost-competitive with alternatives like Amazon Subscribe & Save before enrolling.

19. Leverage Your Military Status

Home Depot treats service members well. Active-duty and retired career personnel get 10% military discounts on every order.

But Home Depot doesn’t leave out veterans entirely. It also offers the same 10% discount to veterans, including honorably discharged enlistees and reservists, during select holiday periods, such as the days leading up to Memorial Day and Veterans Day.

20. Buy Floor Models

If you’re in the market for a major appliance and don’t mind one other people have touched and ogled, buy the floor model. It isn’t always apparent whether floor models are for sale, so ask the department manager if you’re unsure.

And while haggling isn’t common elsewhere at Home Depot, managers are authorized to move older display inventory to make room for newer stock. Discounts of up to 30% off aren’t out of the question.

21. Buy Oops Paint

When you’re doing a project that doesn’t involved finding the perfect hue, such as painting the inside of your garage, turn to the Home Depot paint department’s “oops paint,” the term it uses for paints that are the result of mixing mistakes.

For color-flexible customers, the standard oops discount is about 70% per gallon.

22. Buy From the Pro Desk for Deeper Discounts

The Home Depot Pro Desk primarily deals with professional contractors, but it’s willing to make an exception for high-rolling DIYers too.

If your purchase list adds up to more than $1,500, you qualify for Home Depot’s Volume Pricing Program, which promises up to 30% off materials and supplies.

Technically, you need to join the free Pro Xtras club to get the discount, but it’s often possible to work out a one-time deal with whomever’s on staff at the Pro Desk.

If you’re not planning to spend $1,500 or more on your DIY project, you can still take advantage of bulk pricing on raw materials like tile, lumber, and plumbing.

When available, the bulk price appears on the same price tag as the regular price along with the minimum qualifying quantity.

23. Ask for Recent or Forthcoming Sale Pricing

Home Depot department heads have leeway to extend sale pricing upon request. Asking for a deal that ended last week (or isn’t scheduled to begin until next week) won’t pan out every time.

If you can, waiting for the next sale is a better bet. Still, asking for sale pricing outside sale periods is worth a shot.

24. Get Warrantied Tools Repaired In-Store

If the tool or appliance you bought at Home Depot malfunctions before its manufacturer’s warranty period expires, bring it into your local store for repair. As long as the warranty is valid and the problem arose from regular use, Home Depot doesn’t charge for repairs.

Better yet, it files the warranty claim on your behalf, saving you time and eliminating the suspense of waiting for approval.

25. Use Third-Party Resources to Save Even More

These resources aren’t directly affiliated with Home Depot, but that doesn’t mean they can’t significantly reduce your net spending with the home improvement giant:

  • Paribus. Sometimes, we don’t realize we’ve overspent until days or weeks after the fact. Capital One’s Paribus crawls the Internet for price declines, automatically notifies the user when it finds a lower price on a purchased product, and helps them recover the difference. Paribus is free for Capital One® Venture® Rewards credit card and Capital One® Quicksilver® Cash Rewards credit card users, among others. (Read our Capital One Venture and Capital One Quicksilver reviews.)
  • Gift Card Resellers. Buy discounted Home Depot gift cards through resellers like Raise.
  • Cash-Back Apps. Find unique coupon codes or cash-back opportunities from popular cash-back apps like Ibotta, Honey, and BeFrugal. For best results, install the apps’ browser plug-in and shop online to get a reminder to activate them while shopping.

Final Word

Finding what you’re after in a mammoth Home Depot store isn’t always easy.

Paying less after locating it than you would at another home improvement superstore? Comparatively, that’s a snap.

With so many reliable ways to save money at America’s largest home improvement superstore, it’s a wonder DIYers shop anywhere else. As you plan your next home remodel project or seasonal appliance purchase, don’t forget to look for the savings opportunities.

Source: moneycrashers.com

Everything you need to know about transiting through European airports during the pandemic – The Points Guy


Transiting through European airports during the pandemic- The Points Guy


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Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Register for our next Return of Travel webinar with luxury-travel expert Tom Ho – The Points Guy


Register for Return of Travel webinar with luxury-travel expert Tom Ho


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Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Amazon Prime Day 2021: How to Get the Best Deals

In typical years, Amazon Prime Day falls in mid-July, perfectly placed to interrupt the midsummer retail doldrums.

But 2021 is not a typical year.

The ongoing COVID-19 pandemic continues to disrupt global supply chains in an echo of 2020 when Amazon temporarily refocused its energies on essential business lines like food and personal care products. Prime Day 2020 didn’t happen until October, ahead of a nasty second wave of the pandemic that upended global trade again.

To complicate things further, the arrival of reliable vaccines in early 2021 spurred millions of Americans to make ambitious summer plans. Many people who’d normally jump at the opportunity to capture once-a-year deals in July might not be anywhere near a computer at that time.

That could be why Amazon has decided to move Prime Day 2021 to June.

When Is Amazon Prime Day 2021?

Amazon Prime Day 2021 will take place on Monday, June 21 and Tuesday, June 22.

Be forewarned that Prime Day deals aren’t guaranteed to last the entire 48-hour span. When they’re gone, they’re gone.

Despite its new position on the calendar, Prime Day 2021 is shaping up to be no different from past Prime Days in at least one crucial respect: offering a vast array of attractive deals and discounts on sought-after consumer goods, household products, and small-business essentials.

In the past, Prime Day shoppers have enjoyed discounts of 50% or more on high-demand products. According to Amazon, Prime Day shoppers collectively saved about $1.4 billion in 2020, equivalent to 700 million pairs of socks.

This year, they’ll get in on the action early. Amazon has already announced a slew of pre-Prime Day sales that could be gone before the main event begins.

Best Amazon Prime Day Deals for 2021

What can shoppers expect from Amazon Prime Day 2021? Its Prime Day 2021 flyer offers some tantalizing clues.

The retail giant has already instituted some stealth price drops on popular items like the Fitbit Sense, Instant Pot multicooker, Apple products like iPads and AirPods, and Amazon-branded daily essentials like multivitamins and nonperishable food staples.

It’s also promoted specific early deals on the Amazon Halo wellness band ($69.99, down from $99.99) and the controller for Amazon’s all-new Luna gaming device ($48.99, down from $69.99).

Other early Prime Day 2021 deals include:

And on Prime Day 2021 itself? Prime members can look forward to a host of category- and product-specific deals like:

A general word of advice: Don’t wait to jump on specific Prime Day deals. Once inventory runs out, the deal is gone for good.

Tips to Prepare for Amazon Prime Day & Maximize Your Savings

Want to save as much as possible on Amazon Prime Day without impulse-buying items that you don’t really need? Careful preparation is key to a successful, budget-friendly Prime Day shopping experience.

That means becoming an Amazon Prime member (if you’re not one already), making and sticking to a concise shopping list, and using the proper payment method.

1. Join Amazon Prime

Prime Day deals are only for Amazon Prime members.

That means becoming a Prime member is an essential prerequisite for anyone with big Amazon Prime Day shopping plans — and anyone interested in taking advantage of the $119-per-year subscription’s considerable benefits during the rest of the year.

These benefits include:

  • Free two-day shipping on all eligible Amazon purchases
  • Free one-day or two-hour delivery on eligible purchases in select areas
  • Free no-rush shipping with bonus reward credits against eligible future Amazon purchases
  • Free grocery delivery through Amazon Fresh in select areas
  • Access to Amazon Prime Video’s library of thousands of movies and shows, including exclusive features and series not available anywhere else
  • Unlimited e-books through Kindle Unlimited
  • Unlimited access to more than 2 million digital songs through Amazon Music
  • Free games, in-game content, and subscription to Twitch.tv through Amazon Gaming
  • Exclusive savings (and delivery in select cities) from Whole Foods Market
  • Deals and discounts up to 20% on select products (such as diapers) through Amazon Family

If you’re a first-time Amazon Prime subscriber, opt into the 30-day free trial right before Prime Day. If you’re not satisfied with the service, you can always cancel after Prime Day and before the trial expires, paying nothing for the trouble.

That said, Prime membership is definitely worth the cost for frequent Amazon shoppers able to take advantage of its content and delivery perks.

For additional savings, read up on more tips to save shopping on Amazon.

2. Familiarize Yourself With Last Year’s Deals

Use actual examples from last year to familiarize yourself with the sorts of deals Amazon is likely to offer on the big day.

For example, CNET highlighted a slew of deals on electronics and home goods, some of which remain available (albeit at different price points) in 2021:

Prior-year availability won’t predict with 100% accuracy what Amazon has up its sleeve this year, especially in light of the ongoing pandemic-related supply chain disruptions that delayed Prime Day 2020. But it can and should form the basis of informed guesswork.

3. Set a Reasonable Shopping Budget

Next, set a reasonable Prime Day shopping budget. It’s essential you do so before compiling your shopping list. Otherwise, the temptation to overspend on things you desperately want but don’t need becomes too powerful to resist.

As you likely know from budgeting for Black Friday and Cyber Monday, your retail holiday budget — in this case, your Prime Day budget — should fit neatly into your larger discretionary budget. Avoid the temptation to use Prime Day as an excuse to expand it.

For example, if you typically earmark $500 per month to spend on luxuries or nice-to-haves like restaurant meals and electronics, don’t spend $700 on Prime Day.

In fact, unless you’re willing to go without any other luxuries that month, you need to spend considerably less — perhaps $250 or $300 in this example.

4. Make & Stick to a Needs-Based Shopping List

Making a list is a vital step to take ahead of planned shopping events of any significance, not just Prime Day. The objective is clear: avoiding impulsive purchases you don’t need and could regret in hindsight.

Using clues gleaned from prior Amazon Prime Day deals, your list should include everything you both plan to buy before the end of the year (or, if you prefer and your shopping budget allows, within the next six months) and those reasonably likely to be discounted on Prime Day.

On Prime Day, stay disciplined and condition your purchases on value. If a particular item on your list isn’t discounted for Prime Day, don’t buy it. You’ll likely find better deals later in the year.

5. Use a Browser Extension to Find a Better Deal

Before Amazon Prime Day 2021, add Capital One Shopping, a free browser extension that automatically searches competing merchants’ inventories for a better price when you shop Amazon.

If Capital One Shopping can’t find a better price elsewhere, simply complete your Prime Day purchase as planned. If another retailer has a better price, shop with them instead.

Capital One Shopping isn’t the only browser extension that can save you money on online purchases you’d make anyway. It’s one of the best around, but legitimate and potentially lucrative alternatives abound.

Capital One Shopping compensates us when you get the browser extension using the links provided.

6. Ask Alexa for the Best Deals

Fair warning: This is an easy way to blow through your Prime Day budget. But it’s also incredibly convenient.

If you have an Alexa-enabled device like the Echo Show 5, wake up early on June 21, 2021, and pop the question: “Alexa, what are my Prime Day deals?” Just resist the temptation to purchase them all in one go.

7. Shop Early

Amazon makes no guarantees that any given Prime Day merchandise will remain available for the event’s duration. Quantities are always finite, and unexpectedly high demand for specific products could cause certain deals to sell out sooner than expected.

Your best bet is to shop early, logging on right away on Prime Day morning and getting as much of your shopping list out of the way as possible before the day begins.

You can always return later to complete your list or take advantage of last-minute deals (known as lightning deals) as your budget allows.

8. Look for Prime Day Badges

If you happen to be browsing Amazon anyway during the Prime Day period, look for the little blue badges denoting Prime Day deals. These highlight limited-time opportunities that aren’t likely to remain after June 22.

9. Download the Amazon App for Mobile Purchases

Amazon’s main website works just fine on desktop and mobile devices, but don’t overlook its user-friendly app.

The app is especially useful for shoppers stuck at work during Prime Day’s peak hours, as many employers frown on workers shopping (or conducting any personal business at all) on work-issued devices.

Beyond the obvious perks of a crisper shopping experience in a smaller package, Amazon’s mobile app offers:

  • Voice-assisted shopping using the Amazon Alexa assistant
  • Real-time order tracking and notifications
  • Direct chat support from Amazon’s customer assistance team
  • Single-tap shopping with your smartphone camera

10. Use a Rewards Credit Card (Preferably the Amazon Prime Rewards Visa Signature Card)

The Amazon Prime Rewards Visa Signature card is the best cash-back credit card for frequent Amazon patrons, period. Its three-tier cash-back program earns:

  • 5% cash back on qualifying Amazon and Whole Foods purchases with an eligible Prime membership
  • 2% cash back on eligible purchases at gas stations, restaurants, and drugstores
  • 1% cash back on all other eligible purchases

If you’re not an Amazon Prime member, the otherwise identical Amazon Rewards Visa Signature card earns 3% cash back on Amazon and Whole Foods purchases.

Of course, Prime Day sales are for Prime members only, so you must become a Prime member before the big event. But if you already have the Amazon Rewards Visa Signature card, you don’t need to reapply for the Prime Rewards card — the upgrade is automatic and immediate.

But if you have no interest in applying for an Amazon card or don’t qualify, use one or more of these Prime Day-friendly credit cards if you can:

Final Word

Amazon and Whole Foods aren’t the only retailers worth patronizing on Prime Day. Many big-name sellers — Walmart and Target among them — slash prices to compete with Prime Day deals and offer price-match guarantees that may cover Amazon Prime Day deals (though be sure to read the fine print on these policies carefully).

If you play your cards right, your Prime Day shopfest could turn into a multi-retailer blowout that saves you hundreds on purchases you planned to make anyway while supporting your favorite non-Amazon merchants. Talk about a great way to get everything you need for less.

You can make your purchases count by joining the Amazon Smile program before the big day. Shop through the Amazon Smile site — not Amazon’s main site — to ensure Amazon donates 0.5% of eligible purchases to the charity of your choice.

You can also purchase actual products to give to thousands of registered Amazon Smile charities using the Charity Lists feature. It lets you buy frequently needed products, such as paper towels and cleaning supplies, preselected by participating charities, which are then shipped directly to them, putting your dollars to work right where charities need them most.

Source: moneycrashers.com

American Express aims to open a brand-new Centurion Lounge in Atlanta – The Points Guy


American Express aims to open a brand-new Centurion Lounge in Atlanta


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Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

Which purchases count as travel with Chase Sapphire Preferred and Chase Sapphire Reserve? – The Points Guy


What purchases count as travel with Chase Sapphire Preferred and Chase Sapphire Reserve? – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com