Stop worrying about money – it’s bad for you.
Studies show that financial stress can worsen all kinds of health problems like migraines, insomnia, heart disease, and weight gain – not to mention our old pals’ anxiety and depression!
Money worries can tear relationships apart and ruin your peace of mind. If you want to stop worrying, you need to act. That’s right, TAKE. ACTION. And we have an action plan for you.
You will feel better by taking these seven simple, strategic steps. They are giving you real financial advantage and you are well on your way to paying off your debts and really building your wealth.
1. Stop paying your credit card company
A big part of it is developing new habits and finding new ways of doing things.
For example: credit card debt is the most expensive debt, and your credit card company gets rich just by ripping you off with high interest rates. But a website called AmOne can help you fight back.
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 since 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.
After 20 years in business, AmOne has an A + rating from 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
Groceries are so expensive! But 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. Stop overpaying for online articles
Wouldn’t it be nice if you got a notification every time you shop at Amazon or Walmart.com and you’re on the verge of getting ripped off?
This is exactly 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.
Let’s say you buy a new pair of shoes and assume you’ve found the best price. Here you will receive a pop-up in which you will know whether this particular pair of shoes is available cheaper elsewhere.
Last year, this saved people $ 160 million. You can get started with just a few clicks to see if you are overpaying online.
4. Pay off $ 540 / year off your auto insurance in minutes
Reducing necessary expenses can make a world of difference. 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.com makes it super easy to compare car insurance prices. All you have to do is enter your zip code and age and your options will be displayed.
With Insure.com, people saved an average of $ 540 per year.
Yup. That could be $ 500 in your pocket just to take a few minutes to consider your options.
5. Have an emergency fund
Are you afraid of losing your job? Nervous about what’s going to happen next? Because of this, it’s important to have an emergency fund as a backup – just in case.
An emergency fund is a stash of easily accessible cash worth three to six months’ salary in the event you unexpectedly lose your job. And millions of us unexpectedly lost our jobs in 2020.
With the Aspiration Spend account, you can earn up to 5% cashback on your debit card purchases. With the Aspiration Save account (which is used to process your tax refund), you can earn up to 20 times the average interest on your savings. (The FDIC reports that the average account only earns 0.05%.)
Registration takes five minutes.
6. Become an investor – really
Ultimately, you really build wealth with investments.
If you feel that you don’t have enough money to start investing, you are not alone. But guess what? You really don’t need that much – and you can even get free shares (worth up to $ 200!) If you know where to look.
Whether you have $ 5, $ 100, or $ 800 to spare, you can invest with Robinhood.
Yes, you’ve probably heard of Robinhood. Both beginners and professionals love it because it has no commission fees and you can buy and sell stocks for free – with no limits. Plus, it’s super easy to use.
What’s the best? When you download the app and add funds to your account (it won’t take more than a few minutes), Robinhood will leave a percentage of free shares in your account. It’s random, however, so the stock can be worth anywhere from $ 2.50 to $ 200 – a nice boost to help you build your investments.
7. Leave your family up to $ 1 million
During the pandemic, interest in life insurance has increased as more Americans realize they likely need it.
Overall, Americans took out about 10% more life insurance policies in 2020 than they did in 2019. That may not seem like much, but it’s actually the biggest increase in nearly two decades.
In addition, more and more people are looking for exam-free life insurance because they don’t want to go to a doctor’s office for a personal check-up. Companies like Bestow use algorithms instead of medical exams to evaluate applicants.
Prices start at just $ 16 per month. You could leave your family up to $ 1 million. Knowing that your family is being cared for is priceless.
If you’re under 54 and want a quick quote on life insurance without leaving your home, get a free quote from Bestow.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He tries not to worry too much about money – apart from writing about it, of course.