Moving money is more than clipping coupons and opening a savings account. There are hundreds of hacks that can help you to squeeze a couple more dollars out of your earnings. Here are some of our favorite and most creative ways to save money.
Some require a lifestyle change, and some are so easy that you are going to wonder why you haven’t been doing them all along.
1. Save $326 a Year on Bank Fees
What are you going to do with all this extra cash if you don’t have a savings account yet? Consider joining an online-only bank like Chime which offers 100% fee-free banking.
Here’s what makes Chime the perfect savings account for people with a side hustle:
- It’s 100% fee-free – open a Chime account now and never get another overdraft fee again
- Automatic savings – automatically round up your transactions to the nearest dollar and get difference added to your savings Account
- Get paid two days early – get paid via direct deposit and you’ll get your paycheck before your coworkers.
Open your free account today and see why Chime is one of the fastest-growing bank accounts in America.
2. Consolidate Credit Card Debt To Save Thousands
For a lot of people saddled with huge amounts of credit card debt, consolidating may be the key to getting on the right financial track. Credible is one of the best first steps to find out what options are out there. It’s an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real-time.
Using Credible, you can compare rates from multiple vetted lenders in just two minutes. From there, you will be able to figure out if you can reduce the amount of interest that you are paying on your credit card debts.
Credible is so confident in its rates that they’ll give you $200 if you find and close a loan with a better rate elsewhere.
What are you waiting for? Stop letting your credit card debts get the best of you thanks to Credible.
3. You’re Wasting $825 A Year And You Don’t Have To Be
Most people have absolutely no idea — and we mean no idea — that it’s recommended to switch car insurance every year so you are consistently getting the absolute cheapest price.
We all know that switching anything can be annoying, which is why we are such big fans of Gabi which shops for the best car insurance deal for you. It’s so good at doing this that the average customer will save $825 a year on car insurance.
To find out if you are currently getting ripped off on car insurance:
- Connect your existing insurance policy
- Provide your driver’s license
- Within minutes get a handful of cheaper options to switch
Gabi will also instantly tell you if you currently have the cheapest policy possible. It’s that easy to save up to $825 a year on car insurance using Gabi!
4. Save $240 On Groceries With This App
While food coupons are an excellent money saver, remembering to use can be difficult. With the online coupon app Ibotta, you can easily access all your coupons in one place without having to clip them from a coupon book (win)!
Simply sign-up for Ibotta and browse the app for the coupons that make the most sense for you. Then, just go to the store and buy those items, making sure to save your receipt. That’s when you’re going to want to scan your receipt with the Ibotta app so you can get cash back within 48 hours.
The average Ibotta user saves $240 a year, so this is definitely worth your time.
5. Protect Your Things (And Your Budget) With Insurance
While you may love your Apple Macbook, so do would-be thieves, who would just love to swipe the $1,500 gadget from you at the gym, or out of your bag. It was expensive enough the first time, you don’t want to have to replace it!
Thankfully, by paying for renters insurance with Lemonade that starts at just $5 per month, you no longer have to stress about that. Lemonade allows you to invest in the things that you love from a Macbook to a favorite pair of sneakers to a vintage guitar, and if they get stolen or damaged in your home, they’ll be covered. The best part? Lemonade covers your stuff outside of your home, too. Consider it a massive security net for your budget.
Lemonade is markedly cheaper than its competitors to boot—on average cheaper by $145 a year.