No matter what your current financial position is, you can always improve it. Whether it is by making more money, spending less or shopping around, there is always an area that can be fine-tuned so that you can get closer to achieving your financial goals. To help you with that, below are seven ideas for improving your financial well-being.
1. Check Your Credit
It is important to know that your credit is in good standing. A couple years ago, my wife had a fraudulent account opened in her name and the only reason we found it was because we checked our credit on a regular basis. I use a site called Credit Sesame which will give you your credit score almost instantly for free along with the details of your credit report. Make sure to check your credit at least a couple of times per year to make sure that there is no fraudulent activity and that your credit is in good order.
2. Make Money Today with Online Surveys
Taking surveys in your spare time can be a great way to earn some extra dough fast. While there are tons of online survey opportunities, here are some good ones to check out.
Survey Junkie has over 6,000,000 members and this company is cool because they will pay you instantly with cash via Paypal.
Opinion Outpost is worth checking out because not only do they pay you to share your opinion, but they have a quarterly sweepstakes where you have a chance to win up to $10,000.
Panel PayDay is a survey company where you can make some serious money. Sign up to Panel Pay Day and earn $25-75 per survey.
Keep in mind, you can sign up for all of these and put more money in your pocket while doing surveys when you have some extra time on your hands.
3. Open an Investment Account
In order to become wealthy, you need to have a vehicle in which you can grow your money. An investment account is the best place to start as it will give you the ability to invest in thousands of stocks, mutual funds, etc. As Warren Buffett has said, invest in what you know. For instance, have you heard of a small little company called Netflix? Back in 2006 it was down to $3.35 per share and is now over $125 per share. That’s INSANE return on your money.
Or, have you heard of another company called Facebook? They started around $38 per share and skyrocketed to over $116 per share in just over 4 years. How would you like those returns?
Well, to get in on the action you need to have an investment account. Check out Wisebanyan as they are considered the worlds first FREE financial advisor. Sign up today and get $20 by using this link.
4. Refinance Your High-interest Debt
If you have any credit card debt at all, then DO NOT overlook this option. With the average credit card interest rate around 15%, this could save you a ton of money over the long haul. One of my favorite companies is Credible as they will refinance your credit card debt to as low as 4.99% so that you can pay your debt off even faster.
They do not have a prepayment penalty which means that you can pay it off as fast as you want and reduce your interest at the same time. Use this link to get $50 cash back if you get approved.
It is also worth noting that they refinance student loans to as low as 2.60% APR as well. Use this link to get $150 cash back if approved for refinancing your student loan!
5. Shop for Cheaper Auto Insurance
Why pay more than you have to when it comes to insurance? Check out Esurance to see if you can get a lower premium on your auto insurance. Make sure if you are comparing insurance premiums that you are comparing apples to apples when it comes to the coverage provided.
After comparing what your existing coverage provides, consider increasing your deductible to save even more money. If you do this, make sure that you have enough cash in the bank to cover your deductible if the need ever arises.
6. Get Cash Back for Everyday Purchases
Did you know that you can get cash back for almost anything that you buy online? Well, you can. I use a site called BeFrugal where you can search for a product, it will tell you who sells that product and how much cash back you can get from buying that product through sites like Amazon, Walmart, Toys R Us, etc. Click here to sign up for free and get $10 cash back at the same time.
7. Get Paid to Drive People Around
If you have a reliable car, this could be an easy way for you to start making extra money today. Sign up for Uber and start driving people around your area in your spare time. Some people make $300 to $400 per week doing this on the side.
What are some ways you have improved your finances over the years?