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 of 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. We ended up getting her credit report cleaned up, but it could have been worse if we weren’t paying attention.
I use a site called Credit Sesame which will give you your credit score almost instantly for free along with a credit report CARD with a letter grade that shows your utilization. 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 Doing Small Tasks
One way to make some extra dough quickly is by doing tasks in your spare time. While there are tons of online opportunities, here are a couple of good ones to check out.
Survey Junkie will pay you to take surveys and has an A+ rating with the Better Business Bureau. This site is cool because they will pay you instantly with cash via Paypal.
Swagbucks will pay you cash for things you do every day like surfing the internet, watching videos, etc. They have paid out over $194 Million to their members.
Shopkick will reward you with gift cards for shopping you already do. Shopkickers have earned over $63.8 million in points that they use to redeem free gift cards to shop at Starbucks, Walmart, and more.Download it FREE here: Android version or IOS version.
Keep in mind; you can sign up for all of these and put more money in your pocket when you have some extra time on your hands.
3. Get Money Back When Price Drops Automatically
Did you know that there is a way to get money back on purchases that you make if the price drops? A free service called Paribus will search your email account for purchases for sites like Walmart and will credit you the difference if the price drops.
This service is a no-brainer because all you have to do is sign-up for free and they take care of the rest.
4. Save Money Using a Robot
There is a free tool called Trim which will cancel your unused subscriptions, find you cash back, and renegotiate your bills for you. The average person saves $30 per bill. All you do is sign up, connect an account and their robotic assistant will email you ways that you can save money.
It is actually really cool and easy to use.
5. Get Paid Driving People Around
If you like meeting new people and need a way to make money on the side, driving for a company like Lyft could be worth checking out. You work the hours you want, and the pay is decent. My buddy Ryan makes around $800 per month for driving for people around on the side.
Right now Lyft is offering a $250 sign up bonus which is pretty sweet.
6. Open a High Yield Savings Account
Are you tired of making nothing on your savings? Well, those days are over. Check out CIT Bank which is paying up to 1.55% and is FDIC insured.
They only have a minimum of $100 to open account and the best pat is there is no monthly maintenance fee.
7. 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 provide you with lenders that can help you refinance your credit card debt to as low as 4.99% so that you can pay your debt off even faster.
As you can see, there are many ways that you can better your financial situation right now. Don’t put off tomorrow what you can do today.
What are some ways you have improved your finances over the years?