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Remember overdrafting while you waited for your next paycheck to come — that was the worst, am I right? You’d be short on cash and your bank would get its revenge by helping itself to $35 of all that money you didn’t have.
But you’re making $70,000 a year now, and those days are behind you.
It’s time to think about what you want to achieve next with your money. Do you want to invest? Plan for the future? Pay off debt? We’ve got some ideas for you:
1. See if You Can Get More Money From This Company
Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?
Yep. A debit card called Aspiration gives you up to a 5% back every time you swipe.
Need to buy groceries? Extra cash.
Need to fill up the tank? Bam. Even more extra cash.
You were going to buy these things anyway — why not get this extra money in the process?
Enter your email address here, and link your bank account to see how much extra cash you can get with your free Aspiration account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”
2. Spend $5 to Own a Piece of Amazon, Google or Other Companies
Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company.
But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.
That’s why a lot of people use the app Stash. It lets you be a part of something that’s normally exclusive to the richest of the rich — buying pieces of other companies for as little as $1.*
That’s right — you can invest in pieces of well-known companies, such as Amazon, Google or Apple, for as little as $1. The best part? When these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.
It takes two minutes to sign up, plus Stash will give you a $5 sign-up bonus once you deposit $5 into your account.**
3. Give Your Family up to $1 Million Bucks
Have you thought about how your family would manage without your income after you’re gone? Chances are your checking account balance won’t last forever.
Here’s the thing: You should keep a healthy amount of savings in the bank, but if you want to give your family up to $1 million, use something called term life insurance.
We suggest a company like Bestow. Maybe you’ve considered this before, but thought it was only for rich or older people. But we’re hearing that people are getting it for as little as $8 a month.
You can take advantage of Bestow until you’re 54 years old, but the sooner you take care of this, the cheaper it could be.
You don’t even need to leave your house to get a free quote from Bestow — it takes minutes. Instead of leaving your family with only $1,000 and a bucket of worries, they’ll be able to afford the life you’ve always wanted for them.
4. Ask This Company to Pay Your Credit Cards
No, like… the whole bill. All of it.
While you’re stressing out over your debt, your credit card company is getting rich off those insane interest rates. But a website called AmOne wants to help.
Here’s how it works: AmOne can match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
AmOne won’t make you stand in line or call your bank, either. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could help you pay off your debt years faster.
5. Get Free Stock
You may have piled up $1,000 or more in your checking account, but here’s a way to grow your net worth even faster: There’s an app that will give you free stock.
Just imagine if you had one share of Amazon when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.
An investing app called Robinhood will give you up to $500 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. Your free stock might just be the “next Amazon.”
Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.
It takes just a couple of minutes to sign up and get your free stock.
6. Cancel Your Car Insurance
Chances are, you know it’s entirely possible to find a better deal on some of your pesky monthly bills but what a hassle.
Here’s an easy one to start with, though: Car insurance. You should be shopping your options every six months or so. It could add a whole lot more money to your checking account.
A company called Gabi will do this for you. It makes it super easy to compare car insurance prices in a matter of minutes.
Take Lourdes Robles-Velazquez, for example. The single mom lives on a tight budget. She was paying $205 a month to insure two Toyota Priuses — hers and her daughter’s. By comparing prices, she knocked $80 off her monthly car insurance bill. That’s nearly $1,000 in savings per year.
Wondering how much you could save? Head over to Gabi for a free quote. It takes all of two minutes.
*The Penny Hoarder is a Paid Affiliate/partner of Stash. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.
**You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash.