2020 destroyed your personal cash flow. Here’s how you can save it

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    If you’re like most of us, 2020 has been a drag on your cash flow.

    What is cash flow?, you ask? We are glad that you asked! Cash flow refers to the money that is constantly being debited and debited from your bank account.

    Your paychecks (assuming you have work) come in and your payments (for food, housing, and everything else) come in.

    For many of us, the COVID-19 pandemic has torn a hole in our finances and messed everything up. Whatever is hindering your cash flow, we have six suggestions on how you can improve it one step at a time.

    1. Stop paying your credit card company

    Credit card debt kills your cash flow. And the truth is, your credit card company doesn’t care. It only gets rich by ripping you off with high interest rates. But a website called AmOne wants to help.

    If you owe your credit card company $ 50,000 or less, AmOne will provide you with a low-interest loan that you can use to pay off every single one of your balances.

    The advantage? You have to pay an invoice every month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you become debt free the much faster. Plus: No credit card payment this month.

    AmOne keeps your information confidential and secure, which is why after 20 years in business it probably 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 need to give AmOne a real phone number to qualify, but don’t worry – they won’t spam you with phone calls.

    2. Get paid every time you buy groceries

    Grocery shopping has never been pleasant. But these days it’s a real struggle – worrying about your personal safety, staying two meters away from other customers, and so on. Shouldn’t you have something to show for that?

    A free app called Fetch Rewards rewards you with gift cards just for buying toilet paper and more than 250 other items in the grocery store.

    Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing that you’ve purchased an item from one of the brands listed on Fetch. For your efforts, you will receive gift cards for places like Amazon or Walmart.

    You can download the free Fetch Rewards app here for free gift cards. Over a million people already have it, so they have to be into something …

    3. Make sure that you are not overpaying

    Here’s another way to improve your cash flow: Stop overpaying for things.

    Wouldn’t it be nice if you received a notification while shopping online at Target and paid too much? This is what this free service does.

    Just add it to your browser for free, and before you check out, it will check other sites including Walmart, eBay, and others to see if your item is on sale for a cheaper price. You can also get coupon codes, set up price drop notifications, and even see the item’s price history.

    For example, let’s say you buy a new TV and assume you’ve found the best price. Here you will get a pop-up letting you know whether this particular television is available for a cheaper price elsewhere. If coupon codes are available, these will also be automatically applied to your order.

    Last year, this saved people $ 160 million.

    You can get started with just a few clicks to see if you are overpaying online.

    In this illustration, a car is driving on a road between mountains and water.
    Getty Images

    4. Discount $ 489 / year on your auto insurance in minutes

    Speaking of overpaying, when was the last time you checked car insurance prices?

    You should buy your options every six months or so – this could save you quite a bit of money. But let’s be honest. It probably isn’t the first thing you think about when you wake up. But it doesn’t have to be.

    A website called Insure makes it super easy to compare car insurance prices. All you have to do is enter your zip code and age and you’ll see your options – and even discounts in your area.

    With Insure, people saved an average of $ 489 a year.

    Yup. That could be $ 500 in your pocket just to take a few minutes to consider your options.

    5. Add $ 225 to your wallet just to see the news

    This is a historic time for news and we are all constantly updating the latest news. You probably know more than one news junkie who claims to be a respiratory disease expert or a political thought leader.

    Research companies want to pay you to keep watching. You can top up up to $ 225 per month by signing up for a free account with InboxDollars. They present short news clips for you to choose from every day and then ask you a few questions about them.

    All you have to do is answer honestly and InboxDollars will continue to pay you every month. That may sound too good to be true, but it has already paid its users more than $ 56 million.

    It takes about a minute to sign up and get paid to see the news.

    6. 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 money right now?

    Yes. A debit card called Aspiration gives you up to 5% back every time you swipe.

    Do you need to buy groceries? Extra money.

    Do you need to fill up the tank? Bam. Even more extra money.

    You wanted to buy these things anyway – why don’t you get this extra money?

    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 is subject to military encryption. This is nerd talk for “that’s perfectly safe”.

    In summary, follow these six steps and watch your cash flow improve.

    Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.


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