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Who doesn’t waste money? We all pay too much at times because we want something right now.
And on occasion, if we’re being honest with ourselves, we buy things we don’t really need.
Sometimes, though, we aren’t completely aware of all the ways we’re throwing away money.
Here are some common ways people waste money in California, and what you can do instead.
1. They Don’t Let This Company Pay Their Electricity Bill
Energy-saving company Arcadia wants to help New York residents use cleaner energy and save money on their electric bills.
Here’s how it works: Connect your utility account, and Arcadia will assign you to a community solar project in your area. Then you pay your power bill through Arcadia. Solar project developers pay Arcadia to get people to join, and Arcadia passes that on to you in the form of savings on your bill.
You can reap the rewards of solar power — without spending any money.
Even better? Right now, when you activate your free account, Arcadia will pay your first month’s power bill.
Talk about easy money.
2. They Skip Out on Free Money
Here’s the deal: If you’re not already using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?
Yep. A free debit card called Aspiration gives you up to 10% back every time you swipe.
Need to buy groceries? Extra cash.
Need to fill up the tank? Bam. More cash.
You were going to buy these things anyway, so why not get extra money in the process? It’s no shock more than 1.5 million people already use this debit card.
Enter your email address here and link your bank account to see how much extra cash you can get with a free Aspiration account. Don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s just nerd talk for “this is totally safe.”
3. They Don’t Set Aside $1M For Their Family
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 life insurance policy.
You’re probably thinking: I don’t have the time or money for that. But your application can take minutes — and, if you’re approved, you could leave your family $1 million by spending a low monthly fee on term life insurance with a company called Bestow.
We hear people are paying as little as $8 a month. (But every year you wait, this gets more expensive.)
It takes just minutes to sign up and see how much you can leave your loved ones — even if you don’t have seven figures in your bank account.
4. They Work For Someone Else
Are you tired of your job, but not sure how to earn a living working for yourself? Look into bookkeeping. It’s the No. 1 most profitable business, according to an article in Inc. And you can earn up to $64 an hour.
You don’t have to be an accountant or good at calculus to be successful at bookkeeping, either. 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 it’ll 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 in his early 30s. He never considered starting his own company, but he signed up for Bookkeeper Launch, and now he’s making around $50,000 a year keeping track of business expenses for his clients.
It only took him three months to get started, taking one class a week. Oh, and he makes his own schedule 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 classes.
5. They Don’t Cancel Their Homeowners Insurance
You’re probably wasting money right now. And it’s probably on something you’d never expect — your homeowners insurance policy.
This isn’t something you actively think about — you just know you’re required to have it.
The problem is, you’re paying too much. Luckily, an insurance company called Policygenius makes it easy to find out how much you’re overpaying. It finds you cheaper policies and special discounts in minutes.
In fact, it saves users an average of $690 a year — or $57.50 a month. It’ll even help you break up with your old insurance company. (You’re allowed to cancel your policy at any time, and your company should issue you a refund.)
And just because you’re saving money doesn’t mean you’re skimping on coverage. Policygenius will make sure you have what you need.
Just answer a few questions about your home to get started.
6. They Overpay on Car Insurance By $826
When’s the last time you checked car insurance prices?
You should shop your options every six months or so — it could save you some serious money. Let’s be real, though. It’s probably not the first thing you think about when you wake up. And it doesn’t have to be.
A free website called Savvy will help you find the best rates — in just 30 seconds. In fact, it saves people an average of $826/year.
All you have to do is connect your current insurance, then Savvy will search hundreds of insurers for a better price on the same coverage. It’ll even help you cancel your old policy and get you a refund from your current insurer. Best yet: This is totally free.
If you can find a better deal, you can switch right away and don’t have to wait for your next renewal or even your next payment.