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.

3. Rent Out a Room in Your House

Do you have an extra bedroom you barely ever use? If so, you might want to consider renting it out to make extra money.

Airbnb is a website where you can list a room in your home for rent for short-term guests. There are millions of travelers using Airbnb to look for rooms to rent instead of staying at a hotel.

The returns on this can be amazing! My friend Steve and his wife earn over $1,000 per month renting out their spare room.

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 CITBank which is paying 1.55% and is FDIC insured.

They have $100 minimum to open account and the best part is there is zero maintenance fees.

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 Upgrade as they can help you refinance your credit card debt to as low as 6.99% so that you can pay your debt off even faster.

Have high interest student loans?

Credible can also help you refinance your loans to as low as 4.99%. The average user that refinances saves $18,688 in interest.

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?

Disclaimers

Paribus compensates us when you sign up for Paribus using the links we provided.

Loans made through Upgrade feature APRs of 6.99%-35.97%. All loans have a 1% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay. For example, if you receive a $10,000 loan with a 36 month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your bank account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. 

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