11 Insanely Easy Money Hacks You Should Try This Week

11 Easy Money Hacks You Should Try This Week

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“Whoever said money can’t buy happiness simply didn’t know where to go shopping.” -Bo Derek

Read Time: 5 Mins

Here’s the thing, you know you need to work on your finances…. but you just keep kicking the idea under the rug.

I get it! When you finally find the time and energy to sit down to work on your money situation, you immediately find yourself buried in information.

By the time overwhelm sets in, you have no clue what to do first. Do I pay off student loans? Do I make a budget? Should I ask for a raise? Scrap my job altogether?…. so on and so forth.

And by the time you decide, you’re browsing Instagram or Facebook and there’s no hope of getting any of these things done.

Sound familiar? That’s okay because it happens to everyone.

Everyone faces the same challenges. Finding the time, knowing what to do, and doing it.

Let’s start with a few baby steps to get you some momentum.

Here are a few things you can do right now that will help you get your finances under control, so you don’t have to kick anything else under the rug :)

1. Grab Your Coffee & Check Your Credit Report

11 Easy Money Hacks You Should Try This Week

You may not think your credit score is important for your long-term goals, but it is. Your credit score alone can save you a ton of money.

Nearly 30% of people have an error on their credit report but don’t know it.

A bad credit score is the fastest way to get the highest-interest rates on big purchases. If you’re thinking about buying a house anytime soon, this one thing alone could save you over $100,000 over the lifetime of your mortgage loan.

The thing is, nobody likes the thought of checking their credit score… BUT, it’s the one thing you can do right now that can impact your future in a big way.

So, grab your cuppa, open a new tab, and head on over to a free site like Credit Sesame so you can check your score before you make your next big purchase.

2. $tart Investing Spare Change Digitally

11 Easy Money Hacks You Should Try This Week

We’re pretty much obsessed with Acorns (and not just because you get $5 for signing up). How do you invest spare change digitally? You know when you pay cash, and you get your change back? It’s just like that except when you pay with your debit or credit card, the leftover change you get back is put away in an investment account.

Acorns is a simple way to invest spare change digitally. You know when you pay cash, and you get your change back? It’s just like that except when you pay with your debit or credit card, the leftover change you get back is put away in a safe investment account.

With a free mobile app like Acorns, you can round up your purchases on debit or credit cards and automatically put it in a savings account automatically.

Let’s break this down. Say you connect your debit card and make a purchase for 9.95. The free app Acorns would round up your purchase and set aside 5 cents into an account automatically.

To get your free $5 bonus:

  1. Click this link and click “Start now”
  2. Enter your information to create your account

You would be surprised at how quickly this adds up. It’s not going to make you a millionaire overnight but remember; these are baby steps :) It’s an easy way to set aside money without even missing it.

3. $tart Your $ide Hustle

11 Easy Money Hacks You Should Try This Week

There’s plenty of ways you can earn extra money but how many of them can you do right now? I’ve got four ideas.

+ Swagbucks: They are famous for rewarding their members with free money (which are called SB’s) just for being apart of their network. You can join for free, and you’ll get a $5 bonus just for taking your first survey. Not bad for a few minutes of your time. You’ll be able to redeem your SB’s for real-world money through Paypal or gift cards to any number of retail outlets like Amazon and Wal-Mart. One reader used his SB’s and saved up points just to buy Christmas presents for his family. Great idea!

+ Ebates: This awesome website basically lets you earn while you shop online. You’ll get points for each purchase you make and they can add up quick. It’s worth setting up an account!

+ InboxDollars: You can earn up to $225 per month to watch videos online. Seriously! How it works is brands sponsor videos that they need see. They want as many people as possible to watch their videos. Each time you watch an ad, you’ll earn a cash credit in your account. The impressive thing is that you get $5 just for signing up.

+ Uber & Lyft: While this isn’t something you can do right this second, it’s an easy way to earn up to $1,200/month. I drove for Uber & Lyft for one month and earned on average $18/hour. The great thing is, it was all on the weekends. No days or weeknight driving. You can get a $175 signup bonus from Uber by using this link once you reach 30 rides. Just click this link to sign up. You can also sign up for Lyft and get some bonuses up to $500. I would sign up for both and run the apps at the same time while you’re driving to maximize your rides. Sign up for Lyft by clicking here.

4. Get A Better Student Loan Interest Rate in 3 Mins

11 Easy Money Hacks You Should Try This Week

This step could substantially lower your student loan payments and save you money each month.

Most of us are drowning in student loan debt. If you do have debt, you may want to consider refinancing it through a third party lender.

In the past, this has been complicated and difficult to do. A good resource for refinancing your student loans is LendEdu. LendEdu helps you find the lowest interest rate to meet your needs. It only takes a few minutes to set up to see rates completely free.

LendEdu saves people on average $13,676 over the lifetime of their loan if they decide to refinance with a new lender. You can compare interest rates from several lenders completely free by answering 10 questions. In the end, if you choose not to go through with anything, there is no obligation on your end.

7. Start Investing Money The Simple Way

11 Easy Money Hacks You Should Try This Week

There are a lot of cool apps when it comes to investing but none like the Robinhood app.

Robinhood is an easy to use app that understands that not everyone wants to get a masters degree to learn how to investing. The app is available for both Android and Apple and is straightforward and fun to use. The great thing is you don’t have to have a lot of cash, just the amount you want to buy a stock with.

In fact, you can get a free share of stock like Apple, Ford, or Sprint for free when you join.

Once you get your account, you can get another free share of stock by recommending it to your friends. To claim your bonus, click here.

8. Trim Your Excess Expenses

11 Easy Money Hacks You Should Try This Week

Are you still paying for Netflix, even though you use your roommate’s account now? Or paying for Spotify Premium — but always using Pandora instead?

You’d be surprised how easily those recurring expenses can slip your mind! They can add up and eat away at your bottom line throughout the year.

You can use the new (free) iOS app Trim to find your forgotten subscriptions and cancel them.

The app can help you cut spending other ways, too, by negotiating with your service providers to lower your monthly bills. Plus, it tracks your spending, so you’ll see what habits might be blowing your budget.

With your expenses under control, the app also lets you set up an automated savings account, to set aside a few dollars every week or month toward your savings goals.

To connect your accounts and find your wasteful expenses this week, download Trim for iOS.

10. De-Clutter & Sell Your Stuff

11 Easy Money Hacks You Should Try This Week

A great way to boost your savings and earn some money on the weekends is to sell your stuff that you don’t use. When we paid off $50,000 of student loans, this helped us do it.

Our rule was that any piece of clothing or household item that we didn’t use in the past year, we sold. Clear your closet and get rid of those old movies and video games that you don’t need anymore!

Do you really need to hang onto that old Christmas sweater grandma gave you 5 years ago? Nope. She’ll never know!

There’s a great app called Decluttr that makes this easy. Decluttr is a lot easier than selling through other places like Ebay and Craigslist although those are options.

Declutter lets you unload all your old images at once, send your stuff to Decluttr for free and get paid cash within a day, once they accept your order.

You can also sell your old college textbooks while you’re at it with BookScouter. You can find the best-paying buyback companies with one click. Just enter the ISBN and off you go.

With most companies offering prepaid shipping you have nothing to loose. You’ll be receiving money in your Paypal account in no time.

11. Begin Tracking Your Net Worth

11 Easy Money Hacks You Should Try This Week

Now that you know your credit score and you have a few tools in your financial toolbox, it’s time to put everything in one place so you can keep track of your financial progress.

Start by tracking your accounts all in one place with Personal Capital.

Personal Capital can help you manage all your credit, debit, and loans in one place without really thinking about it. We loved tracking our net worth while paying off our $50,000 of debt.

To set up an account, just connect your accounts, choosing the credit cards or loans you want to be listed, then go about spending money (smartly) as you always do and monitor your balances and net worth all in once place.

Personal Capital also has a retirement feature, so no matter what your goal, it makes it easy to see how you can reach it. The site tracks your accounts and you can see your spending broken down by each month. You’ll know what you spend the most on and how you can cut back if you want.

Personal Capital is our #1 tool that we recommend to help manage your finances like a pro, and it’s not just because it’s free. Click here to set up your free account.

Originally published at Your Money Your Freedom.

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