Looking to take control of your money?
Whether you’re trying to make money, spend less, or want a quick tip to help you achieve your money goals — we have you covered.
Here are 10 tiny money tips that give you big results.
#1. Make the One Investment That Supersedes All Others
What’s the best investment billionaire investor Warren Buffett has ever made? In a recent interview, Buffett said:
“Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet.”
This is something available to us all. Whether it’s reading a good book, attending a conference, or building relationships — look for ways to invest in yourself
this year today! It’s the highest potential return there is.
#2. Lower Your Fixed-Monthly Costs, Effortlessly
If you’re like me, there’s nothing worse than wasting money. And by far the easiest way to waste money is to lose track of where it’s going. Yet, tracking every expense, categorizing them, and evaluating where to cut takes time.
Enter Truebill, a software program that automatically pulls together your transactions by syncing up with your financial accounts.
Being able to see your income and expenses with a quick glance is a must-have feature in itself, but Truebill goes way beyond traditional budgeting apps. Say you want to cancel a bill: Truebill does it for you with just a few clicks.
How about negotiating with cable companies? They take that on as well (and on average, they’re able to save users about 20% with their negotiation techniques).
Effortlessly keeping track of where your money goes, as well as lowering your fixed-costs, adds up to huge savings over time.
#3. Slash Your Food Budget, Fast
Coupons can save you a lot of money — especially when it comes to food costs. The problem is that they’re difficult to remember to use, and finding them takes time.
Fortunately, technology makes that problem a thing of the past. Ibotta is an app for your smartphone that gives you easy access to the best coupons available.
All you have to do is download the Ibotta app (which is free), scan for coupons from your favorite brands and products, and save them to your digital coupon book with the tap of a finger.
As you can see in the photo below, I saved well over $400 with the app in a little under 18 months.
When you’re done shopping, scan your receipt — Ibotta will add cash-back to your account within 48 hours.
By using this link, there’s a $10 bonus for new users.
Ibotta users save $240 per year on average, so you don’t want to overlook this opportunity.
#4. Get Cash-Back on Things You Already Buy
Real quick: estimate the amount you’ve spent shopping online over the last year. $1,000? $1,500? $2,000 or more?
Did you know you could have earned anywhere from 3% up to 20% back on all that shopping? So, if you spent $1,500 and were able to earn 10% cash-back, you would have made an easy $150.
The trick to earning this type of cash-back is through reward sites like Swagbucks.
Swagbucks has paid out over $300 million to its members and has an A rating with the BBB, so check them out if you haven’t.
To help you get started Swagbucks offers an easy $10 welcome bonus for new users. Don’t shop online without it.
#5. Raise Your Average
To quote the great personal development thinker Jim Rohn:
“You’re the average of the five people you spend most of your time with.”
Taken one step further: your net worth will be an average of the five people you spend the most time with.
Out of your personal network, whose net worth would you like to have? Make a phone call, send a text, or send an email to that person.
On a deeper level, the goal here is to place yourself in a culture where good financial habits are the norm. James Clear, the author of Atomic Habits (which just crossed a million copies sold) explains:
The culture we live in determines which behaviors are attractive to us. We tend to adopt habits that are praised and approved of by our culture because we have a strong desire to fit in and belong to the tribe. We tend to imitate the habits of three social groups: the close (family and friends), the many (the tribe), and the powerful (those with status and prestige).
One of the most effective things you can do to build better habits is to join a culture where (1) your desired behavior is the normal behavior and (2) you already have something in common with the group.
#6. The Zero Effort Hack to Optimize Your 401(k)
If you’re like most people, you decided on your choice of 401(k) funds a while back and haven’t given it much thought since.
I get it. Sorting through the sometimes complex options in your 401(k) can seem daunting. But it’s important to keep this in mind: it’s your choice of funds that determine your return. In other words, you can knock years off your working life just by optimizing your 401(k)!
Blooom is a free tool that analyzes your 401(k) in a totally hands-off way. All you do is link up your retirement account; then you’ll get a free analysis of your 401(k) in minutes. You can take this free analysis and make adjustments yourself. If you prefer a hands-off approach, Blooom can manage your 401(k) for $10 a month, with your first month free.
Let Blooom tell you how you’re doing. Start the sign-up process by entering your name, birthday, and estimated retirement date. Then, let Blooom link to your 401(k) to get your free analysis.
If you’d like to learn more, check our in-depth review of Blooom.
#7. The Easiest Way to Save $720 a Year
If it’s been over a year since you shopped for car insurance, you can save big money by shopping around.
One company, Gabi, saves new customers up to $720 per year
Furthermore, they make the process of shopping around effortless — meaning no forms, no phone calls, and instant rates.
Gabi allows you to get an apples-to-apples comparison with your current plan by simply linking your policy and providing your driver’s license number.
You’ll then get quotes from over a dozen top-rated insurance companies in under two minutes.
And here’s the best part: once you sign up you never have to shop for insurance again. Once they have your policy, Gabi’s software automatically monitors rates for you. If it finds a better one, it will help you make the switch. That way, you know you’re always paying the lowest possible rate.
So that means big savings today, and big savings in the future.
Want to learn more? Here’s our review of Gabi Insurance.
#8. Boost Your Savings with Paribus
Paribus is a free tool (owned and operated by Capital One) that helps you easily get money back for online purchases. How it works is you sign up, then Paribus scans your email archives for receipts.
If Paribus finds that you’ve purchased something from one of their monitored retailers, it tracks the price and helps you get a refund when it drops.
Here’s the best part: it’s completely free to use. You keep 100% of the savings.
Sign up for Paribus today to get effortless price protection.
#9. The Fastest Way for Homeowners to Save Big
A study in the Journal of Financial Economics found that 20% of homeowners who could have benefited from refinancing didn’t. As such, Americans paid an extra $5.4 billion in unnecessary interest payments.
A mortgage is likely the largest debt you’ll ever have. So it makes a lot of sense to minimize the interest rate as much as possible.
Right now interest rates are at historically-low levels. As such, it’s worth making sure you’re not one of the 20% of homeowners who could benefit from a lower mortgage rate. There are no guarantees that interest rates will stay this low, so time may be running out to save money.
You can find out quickly if you qualify for a lower rate at Credible, which compares rates from multiple lenders in less than three minutes.
Credible brands itself as the world’s most customer-centric mortgage marketplace.
A few things you’ll like about Credible:
- You get actual prequalified rates in three minutes without impacting your credit score. Most other lenders use general information, so the rates you see upfront can sometimes be quite different from the rates you’ll get at closing.
- They do not sell your information to other lenders (this is rare in the loan industry)!
- The end-to-end experience is conducted entirely on Credible — from rate comparison to closing.
#10. Protect Your Loved Ones with Life Insurance
Until recently, life insurance was one of the hardest money moves to knock off your checklist. Not only is it not enjoyable to think about, but the process of filling out paperwork and going through a medical examination is no one’s idea of a good time.
Thankfully, that’s now changed as a result of online life insurance companies like Bestow.
With Bestow you can get up to $1 million in life insurance coverage in under five minutes, all through their website (and getting a quote takes seconds, as they let you see estimated rates up-front). And you’ll be glad to know that there are no examinations.
*Paribus compensates us when you sign up for Paribus using the links we provided.