Latest posts by R.J. Weiss, CFP® (see all)
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- How To Become A Full Time Blogger In Less Than A Year - September 19, 2017
- How To Complete Surveys For Gift Cards For A Debt Free Christmas - September 14, 2017
Want a healthier financial future? Whether you’re trying to make money, spend less, or want a quick tip to get closer to achieving your goals–we have you covered.
Here are seven ideas for improving your finances in under an hour.
7 Easy Ways to Improve Your Finances Now
# 1) Give Your 401(k) an Audit
# 2) Earn Up To 20% Cash Back For Shopping Online
I kick myself for not knowing this tip earlier. Did you know you can make money when shopping online?
Many websites give you cash back for buying things from online stores such as Amazon. What these sites do is share the affiliate commission they earn. For example, eBates one of the largest cash back sites, splits the affiliate commission with you 50/50.
Besides eBates I also use Swagbucks. Swagbucks allows you to earn 1% cash back. While you can’t use eBates and Swagbucks at the same time, there are times when one has a higher reward than the other. So I check both before making a purchase on a site like Amazon.
# 3) Earn Some Extra Money
A surefire way to make some extra cash in a hurry is taking surveys online. Completing a few surveys a day in your spare time can add up to hundreds of dollars over the month. My favorite online survey site is Swagbucks (the same site I mentioned above). With Swagbucks you can earn not only with surveys and shopping but everyday things you do online such as searching or watching videos.
MyPoints is another large survey site. Their parent company Prodege has an A+ rating with the Better Business Bureau. MyPoints has paid out over $236 million in gift cards and cash since 1996. Plus, they offer a $5 bonus for your first five surveys.
To maximize your earnings, you’ll want to sign up for each of these sites. This way you can always take the highest paying survey among the three.
If earning a few hundred dollars a month can make a big difference in your life—you’ll want to check out The Ways To Wealth’s Free 7 Day Email Course: How To Maximize Your Income With Online Surveys:
Free Email Course: How To Maximize Your Income With Online Surveys
Learn the secrets of earning good money with paid online surveys. Opt-in below to have it sent straight to your inbox!
#4) Save Money On Auto Insurance The Easy Way
It is true that you can save 15% or more on car insurance in 15 minutes. But it’s hard to tell which company will save you that 15%.
Insurify is a new startup from a team of experts at MIT and TripAdvisor. Insurify does an excellent job of bringing the same hotel shopping experience–where you can compare prices in a matter of seconds–to auto insurance. You fill out one form on your computer or phone. Then, find out exactly how much you can save in under 2 minutes.
# 5) Let A Robot Save You Real Money
I’ve talked a bit about Trim, as I use it myself and benefit quite a bit. The goal of Trim is to become your automated personal finance assistant.
Trim works inside of Facebook messenger. You start by downloading the app. Then, syncing your credit card data. Trim’s goal is to find you customized coupons, promos, and rebates. When they do, they send you a message on Facebook.
For example, after signing up a few months back, I got an email from Comcast I had a $5 credit towards my account.
When I logged into Facebook, it turns out that Trim negotiated this $5 credit based on how much data I used.
Pretty cool, right? Learn more here.
# 6 ) Improve Your Finances Now By Refinancing Your Debt
If you have any high interest debt or student loans–have you considered refinancing that debt? For example, you have $20,000 of debt which averages 16%. If you were to refinance that debt to a 10% interest rate, you’d save hundreds a year. Plus, you only have to worry about making one payment.
One company of I recommend is Credible. Credible is like the Kayak of refinancing. With Credible you get to see personalized loan offers from multiple, vetted lenders in minutes. They also refinance student loans with rates currently as low as 2.93% variable and 4.70% fixed APR.
There’s no service fees, no prepayment fees, and no origination fees.
Use this link to get up to $150 cash back if approved.
# 7) Maximize Your Cash Back Rewards
If you’re not maximizing your credit cards rewards, you’re missing out on free money.
Caveat: Of course this only works if you pay your credit card bill in full each month.
Understanding how to maximize your rewards can get confusing. But here’s a simple way to average over 2% cash back each year.
The Chase Freedom Card lets you earn up up 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter.
Then, there’s the Chase Freedom Unlimited Card which lets you earn 1.5% cash back on everything. Both cards come with a $150 bonus for spending $500 in the first 3 months. Have no annual fees. Have a 0% intro APR for 15 months from account opening on purchases and balance transfers. Plus, you can earn $25 for each authorized user you add.
Used in combination, you can average over 2% cash back a year. So, if you spend $40,000 a year that’s $800. Plus, there’s the $300 in bonuses you’re eligible for. This one small switch can save you over $1,000 this year.