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Life would be a whole lot easier if someone would just Venmo us $1 million, but unfortunately the chance of that happening is, well, probably zero. (Venmo doesn’t allow transactions that large anyway.)
But even though our chances of becoming a millionaire are slim, we can still manage our money like one. No, we’re not going to tell you how to buy hundreds of shares of Apple stock. Or how to pick out the perfect yacht.
These are simple money moves any normal, non-millionaire person can make today. Each tip can get you closer to achieving your big goals.
Take a look:
1. See if You Can Get 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. Give Your Family up to $1,000,000
Oh, to be a millionaire.
Look, not all of us have the money to set up trust funds for our loved ones. But you could still give them up to $1 million.
A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.
We get it — it’s one more bill, and who has time to sign up? But if you were born after 1966, you can take advantage of Bestow. You don’t even need to leave your house.
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 life insurance you can leave them — even if you don’t have seven figures in your bank account.
3. Stop Paying Your Credit Card Company
If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help.
If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.
The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.
AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.
It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.
4. Cancel Your Car Insurance
When was the last time you shopped around for car insurance? Was it more than six months ago?
If so, you’re probably overpaying — 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 Savvy 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 $826 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, Savvy will keep looking for savings. No more shopping.
5. Use This Strategy to Spend Within Your Means
Now, more than ever, it’s important to make sure you’re spending within your means. An integral part of doing that during these uncertain times is creating a budget.
Ew, gross. We know. But it’s easier than you might think with the 50/20/30 budgeting method. Here’s how it works:
- 50% of your income goes toward essentials.
- 20% goes toward financial goals.
- 30% goes toward personal spending.
By creating these categories and sticking to them, you’ll get a more clear picture of your finances and make sure you’re not spending above your means.
6. Do This to Knock $75 Off Your Next Electric Bill
It might sound crazy, but a company called Arcadia is giving Maine residents $75 off your next power bill for using solar energy. You don’t have to install solar panels or switch utility companies — you don’t even need to own a house.
The best part? It’s free (and you’re helping the environment). Here’s how to get started:
- Enter your ZIP code and the name of your utility provider on Arcadia’s website.
- Share a few quick details about yourself, like your name, email address and utility account information. (All your information is encrypted, so it’s totally safe.)
- Arcadia will start offsetting your energy usage with cleaner sources like wind and solar. Remember, you don’t have to switch utility providers — and you may even see a discount on your utility bill!
- Your free $75 will be credited to your next utility bill.
More than 420,000 people have already done this, and it’ll take two minutes for you to claim your discount.
7. Put $5 in the Stock Market
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.
8. Add $225 to Your Wallet Just for Watching the News
It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.
And research companies want to pay you to keep watching. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short news clips to choose from every day, then ask you a few questions about them.
You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.
It takes about one minute to sign up, and start getting paid to watch the news.
*Square Budgets and The Penny Hoarder are 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 and the custodian.