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 the anxiety and depression of our old friends!
Money worries can tear relationships and ruin your peace of mind. If you want to stop worrying, you need to take action. That’s right, TAKE. ACTION. And we have an action plan for you.
You will feel better if you take 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 thinking about new ways to do things.
For example, credit card debt is the most expensive type of debt, and your credit card company gets rich just by fooling you on 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 compares you to a low-interest loan that can be used to pay back 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 will be out of debt The much faster. Plus: No credit card payments 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 online for up to $ 50,000. 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 Get rewards You will be rewarded with gift cards, which are only for the purchase of toilet paper and more than 250 other items in the grocery store.
Here’s how it works: after you’ve downloaded the app, simply snap a photo of your receipt showing that you 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 to get free gift cards. Over a million people already have, so they have to be into something.
3. Stop overpaying for online overpayments
Wouldn’t it be nice if you received a notification every time you shop at Amazon or Walmart.com and are on the verge of being scammed?
That’s it free service does.
Just add it to your browser for free. Before you check out, other sites including Walmart, eBay, and others will be checked to see if your item is available for a cheaper price. Plus, you can get coupon codes, set up price drop notifications, and even view 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 get a pop-up window letting you know if this particular pair of shoes is available elsewhere for a cheaper price.
Last year it saved people $ 160 million. You can get started with just a few clicks Check if you are overpaying online.
4. Knock $ 540 / year off your auto insurance in minutes
Reducing the necessary costs can make a world of difference. When was the last time you checked car insurance prices?
You should shop for your options roughly every six months – this could save you serious money. But let’s be real. 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 see your options.
Insure.com saved an average of $ 540 per year.
Yup. That could be $ 500 back in your pocket for just a few minutes Take a look at your options.
5. Have an emergency fund
Are you afraid of losing your job? Are you nervous about what’s going to happen next? That’s why it’s important to have an emergency fund as a backup – just in case.
An emergency fund is a stash of easily accessible cash equivalent to three to six months’ salary in the event that you unexpectedly lose your job. And millions of us unexpectedly lost our jobs in 2020.
With the Aspiration donation accountyou can earn up to 5% cashback on your debit card purchases. The Aspiration Save account (which is used to process your tax refund) can earn you up to 20 times the average interest on your savings. (The FDIC reports that the average account only earns 0.05%.)
It takes five minutes to Log In.
6. Become an investor – really
Ultimately, investing is how you truly build wealth.
If you feel that you don’t have enough money to invest, 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 left, you can get started with an investment Robin Hood.
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. It is also very easy to use.
What’s the best? If you Download the app When you top up your account (it doesn’t take more than a few minutes), Robinhood puts some of the free shares into your account. It’s random, however, so stocks 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 grown dramatically 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 doesn’t seem like much, but it’s actually the biggest increase in nearly two decades.
Also, more and more people are looking for life insurance without an exam because they don’t want to go to a doctor’s office for a personal check-up. Companies like To lend 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 looked after is invaluable.
If you are under 54 and want a quick life insurance quote 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.
This article originally appeared on www.thepennyhoarder.com