This year has been a whirlwind of changes for the global economy. From Brexit to Trump, from the stock market to interest rates, it’s been an eventful year. In light of all these changes, many people will be scrambling around in search of ways to make their money work harder and last longer.
When you keep doing the same things, you’ll receive the same old outcomes. That’s OK for some people (who are content with their financial position). After all, they’ve had positive outcomes, so why not keep doing what they’re doing? This isn’t the list for them.
This list is for individuals who wish to make modest, straightforward financial decisions that pay off big time. This list, which includes everything from micro-investing to credit monitoring and credit card debt reduction, demonstrates how to take charge of your financial life by making little but significant adjustments.
9 Money Moves That Will Pay Off Hugely
Our financial transactions are straightforward. All of the things on this list are simple adjustments that anybody can do right now. So, without further ado, here are our top nine money maneuvers that always pay off!
1. Save money, help the environment, and make a difference
Investing in initiatives that damage the environment or your health does not have to be a part of saving and earning money. One swipe at a time, a new business called Aspiration provides an ecologically sustainable and socially responsible method to increase your money. Aspiration will also provide you a debit card with a slew of useful features.
Not only may you choose the monthly price you think they deserve (even if it’s $0), but every time you swipe your debit card and round up, the business will plant a tree. Money you put in your FDIC-insured accounts will never be used to fund fossil-fuel initiatives. In addition, you may earn up to 1% APY on your deposits. Every time you use your card to buy gasoline, Aspiration will automatically purchase carbon offsets for you.
You’ll get access to an unlimited number of fee-free ATM withdrawals. Plus, when you use your Aspiration debit card to make eligible purchases at socially responsible organizations and services, you may earn up to 10% cash back. Enter your email address to see how much cash back you can earn for your daily shopping with your free Aspiration account.
Users adore Aspiration, which has over 12,000 5-star reviews. On the website Trustpilot, a consumer named Lulu reported:
“I like not having to pay 3% while traveling outside of the United States, as well as not having to pay for ATM withdrawals. The best part is that I get 2% cash back on my debit card transactions. The customer support and the software have both exceeded my expectations. The best banking I’ve ever experienced. Above all, want to do good for people and the environment.”
2. Assist in the protection of your loved ones
There isn’t much more essential in life than helping to safeguard your loved ones by providing for them when you’re gone. That is why it is critical to get life insurance. Would your family and dependents be financially comfortable if the unexpected happened?
Bestow is a business that seeks to make term life insurance more accessible to the general public. You’ll be able to choose the most appropriate plan for your needs and budget. If you’re accepted, you’ll be able to select from coverage options ranging from $50,000 to $1,000,000.
The whole app and website was built from the bottom up to be contactless, which means the entire experience is all digital and online. If you apply and qualify, you’ll be able to see the exact price of your new insurance coverage in minutes, with some customers reporting spending as low as $16 per month.
It is very popular among the company’s customers. “You made it so simple to accomplish something I’d been putting off for a long time!” commented Kysha on Trustpilot.
Applying, answering a few questions, and determining how much life insurance you can leave to your loved ones takes just around five minutes.
3. Stop Paying Too Much For Car Insurance
Not overpaying for necessities is one of the keys to financial independence and freedom. Car insurance is known for its huge pricing disparities. Prices and policies vary widely across providers, and it’s not uncommon for individuals to overspend for insurance by $1,000 or more.
Gabi enters the picture at this point. Gabi saves the average customer $825 on auto insurance by simply displaying the customized choices accessible to them. Gabi, like Bestow, is entirely digital and online, and she can show you your choices in minutes. Simply fill out the form below, and you’ll get quick insurance rates in seconds.
According to Gabi, the average annual overpayment for auto insurance in Louisiana is $1,159. It costs $1,117 in Michigan. Residents in other states have it much worse.
Gabi also provides estimates for various types of insurance. You may also obtain estimates on renter’s, landlord, house, and umbrella insurance plans in addition to car insurance. Consider Gabi to be your own insurance shopper for free. Check out how much Gabi can help you save here.
4. Completely eliminate your credit card debt
If you have a credit card debt, you know how stressful it may be. It may be aggravating to see that excessive interest rate eat away at your savings and income on a daily basis.
But how can you pay off that amount when just keeping up with the interest rate is difficult? Tally, our pals, has a solution. Tally will take care of combining all of your credit card payments into a single, simple monthly payment. It will divide your payment across your credit cards in such a manner that your interest payments are minimized.
Imagine not paying late penalties, missing payments, or paying needless interest. It nearly seems to be too wonderful to be true. Tally works by giving you a credit line and using the money you give Tally each month to pay down your credit cards. You will, however, require a FICO score of at least 660 to qualify for that line of credit.
Tally is totally free to download and use, but the credit line they provide you with has a low interest rate. Users like the program, and some even claim that after using it, their credit score improved significantly. This is a money move you should do right now.
5. You Can Earn Money By Watching Videos
You don’t always need a large sum of money to make a big difference in your finances. A few more dollars each month may be the difference between being in the black and being in the red.
InboxDollars is one of those programs that may help you overcome a monthly deficit by providing you with some additional spending money. It’s an online service that allows you to view movies in return for money, among other things. You can view breaking news, culinary videos, and sports videos. Every day, there are usually 24 to 30 new films for you to view, and they all pay you money to do so. You may even be paid to watch movie trailers!
You’ll receive a $5 welcome bonus simply for joining up if you sign up now.
“I love utilizing this site to complete surveys and play games,” said user Robin Hill. I enjoy that I can view videos as well. It’s a great way to unwind after a long day and earn some additional cash. Thank you very much.”
InboxDollars will not make you wealthy, but it will pay you the money it promises. You may use the site to conduct paid surveys, play games for money, and get promotional emails for cash in addition to viewing movies.
6. Boost Your Credit Rating
Improving your credit score is one of the most cost-effective ways to enhance and protect your financial future. A higher credit score opens the door to lower loan and credit line interest rates, as well as better credit cards and other financial goods. When you’re simply trying to keep up with your payments, it may feel difficult to raise your credit score.
Fortunately, in addition to using some basic methods (such as avoiding skipping bill payments, lowering your credit usage rate, and paying off high-interest loans first), there is a program called Credit Karma that may help you raise your credit score significantly.
Credit Karma offers you completely free access to your credit score, which is updated on a weekly basis. You’ll be able to keep an eye on your credit for things like illegal transactions and identity theft, as well as changes in your credit score. In addition, the site displays credit products that may be a suitable fit for someone in your financial position. You may even use Credit Karma to submit your taxes!
According to Trustpilot user Kevin Hengst:
“I attempted to use freecreditreport.com, but they were unable to locate me. After that, I heard about Credit Karma and decided to give it a go. I’m an engineering student who is fascinated by statistics, thus my credit score piqued my attention. I was able to view every aspect of my credit from two of the three reporting agencies, as well as what variables influence that score, with just a few minutes of setup. Furthermore, they display credit cards that are really very excellent deals.”
7. Purchase a Tesla, Amazon, or Apple stock.
Investing is one action that distinguishes people who are financially secure from others who are just scraping by. For individuals looking to protect their financial future, investing in stocks and other assets is a necessity. However, it may seem tough to enter. Some brokerages have high minimum investment requirements that you may not be able to fulfill. So, what do you do now?
You may want to think about micro-investing. Stash is a business that allows you to enter the market for as little as $1. You may purchase fractional shares in businesses whose stock prices are out of your price range otherwise. If you don’t have a few hundred dollars to put down on an Apple share, for example, you may purchase a fraction of one for considerably less using Stash.
Stash’s membership prices start at $1 per month, and if you join up today and put $5 into your account, you’ll get a $5 welcome bonus.
“This app is great,” says James, a Trustpilot user. I’ve been studying a lot about investing and the stock market. Stash makes investing enjoyable and simple.”
Signing up is quick and easy, and you can start investing in your favorite companies in less than two minutes.
8. Improve Your Financial Intelligence
You’ll need to know a little bit about money to make a significant dent in your debt and grow your savings account. Unfortunately, this may often include slogging through dry financial reports and dull information about mergers and Wall Street happenings.
But it doesn’t have to be that way. Morning Brew is a newsletter for individuals who want to keep up with the latest news from Wall Street and Silicon Valley. Morning Brew contains all unique and easy-to-read tales. It’s a pleasure to read.
Morning Brew is also completely free to subscribe to and read. They earn money by adding some sponsored material, although the ads themselves are often very helpful and practical.
9. Enhance your budgeting abilities
Apart from investing, the most essential aspect of achieving financial freedom and independence is establishing a budget and adhering to it. A budget can help you remain within your budget while still allowing you to enjoy your money.
However, it is often easier said than done. There are a plethora of budgeting techniques and methods available, as well as a plethora of applications and websites that claim to assist.
However, our preferred method of budgeting is via the use of a website called Truebill. Truebill is more than a budgeting tool. For starters, it allows you to spend less money each month on undesired and unnecessary memberships. Truebill also works with utility and service companies to lower your monthly bills and find you better deals and programs.
But, in addition to those fantastic features, Truebill offers a fantastic budgeting function. Simply input your monthly income and expenditures, connect your accounts, and Truebill will assist you in creating a realistic and practical budget that will allow you to keep track of your spending while still allowing you to enjoy your money.
Truebill is very popular with users. On Trustpilot, Sallie Dukes says:
Truebill is to be commended. I was able to discover that two fraudsters had been stealing money from my account for over a year, and I was able to report them to my bank. Without Truebill, I would have continued to be conned. Everyone should use this service, in my opinion. They also provide additional services for those with bad credit, which I will investigate more. Go there and, like me, reduce your expenses and enhance your credit.
Truebill is totally free to use, and you’ll have unrestricted access to its budgeting tools for the rest of your life.
We’ve included money movements that vary from minor adjustments to methods that may totally alter your financial life in our top money moves list. We’re sure that at least one thing on our list will be suitable for everyone who reads this post.
If you want to make some money changes that will improve your financial situation, we recommend beginning small. Start with one of the easier things on this list, such as signing up for Truebill or investing $1 with Stash, and work your way up. You’ll be surprised at how fast you can improve your financial situation.
The first step is usually the most difficult. Is it possible for you to take your first step today?