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If you’re paying more than $750 a month in mortgage by yourself, that means two things:
- It stinks to pay that much, and
- You’ve clearly got some income. Not everyone can afford that kind of mortgage.
So you’re making money and living in a decent place. You’ve finally got a little cushion in your bank account. You’ve achieved a certain level of financial stability.
What should you do next? Well, we have six suggestions for you:
1. Protect Everything in Your House for as Little as $25/month
What if you lost everything? All your possessions — your clothes, your furniture, your laptop. Any jewelry you have. Even your microwave oven.
A kitchen fire could torch it all. A burglar could steal your valuables. And where would you be then?
You could be out of luck — unless you have a good homeowners insurance. And here’s the thing: Even if you do, you’re probably overpaying it.
The average person is paying $112, but with Lemonade, you could get homeowners insurance for as little as $25 a month.
Even better? No phone calls. No lengthy sign-up process. Nothing. The whole process takes just 10 minutes.
Just because you’re only paying $25 doesn’t mean you’re skimping on coverage. In fact, Lemonade pays out 30% of its claims instantly. It even holds the world record for paying a claim in only three seconds!
2. Help Your Family Pay off the Mortgage
Have you thought about how your family would manage without your income after you’re gone? How they’ll pay the bills? Send the kids through school? Now’s a good time to start planning for the future by looking into a term life insurance policy.
You’re probably thinking: I don’t have the time or money for that. But your application can take minutes — and you could leave your family up to $1 million with a company called Bestow.
Rates start at just $5 a month, and you can change or cancel your plan at any time. Plus, the peace of mind of knowing your family is taken care of is priceless.
If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow.
3. If You Can’t Lower Your Mortgage, Cut Your Credit Card Bill
If you’re like most of us, two of your biggest financial burdens are a mortgage and credit card debt. High credit card bills make it that much harder to pay the mortgage every month.
One problem: Your credit card companies are getting rich by ripping you off with insane rates. However, a company called Fiona could lower your monthly payment.
Here’s how it works: Fiona will 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.
If you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.
4. Cancel Your Car Insurance
It may be impossible to negotiate your mortgage payment, but you can negotiate some of your other monthly bills — like car insurance. When was the last time you shopped around for that? Was it more than six months ago?
If so, you’re probably overpaying, and possibly by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.
Twice a year? Yeah, we don’t want to do that either.
A service called Gabi does all the shopping for you to find cheaper insurance — with the same coverage and deductibles you already have. And it saves customers an average of $865 a year.
You don’t have to fill out any forms. Just link your existing insurance account and enter your driver’s license, and it will start looking for cheaper coverage.
Plus, after you sign up, Gabi will keep looking for savings. No more shopping.
5. 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.”
1. If You Can’t Lower Your Mortgage, Start Earning $64/Hour
We get it — there are kids to drop off to school, errands to run and dinner to cook. So the idea of getting a full-time job without any flexibility just doesn’t work for a lot of people.
Truth be told, life would be a lot easier if you could just make money without leaving the house. But that’s not something most employers offer. But have you considered bookkeeping? It’s the No. 1 most profitable business, according to an article in Inc Magazine — and they earn up to $64/hour.
You don’t have to be an accountant or good at calculus to be successful at bookkeeping. As long as you’re motivated, a company called Bookkeeper Launch will teach you everything you need to know. It’s one of the leading training courses in the field, and they even give you the first three classes for free.
It’s helped thousands of people launch their own mini-businesses, including Daniel Honan, a military veteran and former painter who’s in his early 30s. He never considered starting his own company. But he signed up for Bookkeeper Launch, and now he’s making $50,000 a year keeping track of business expenses for his 10 clients.
It only took him three months to get started, taking one class a week. Oh, and he makes his own schedule, earns up to $60 an hour and is able to spend more time with his wife than ever.
If you’re just a little curious, you just have to submit your email address here to take the first free class.