What’s happening to your bank account? Shouldn’t there be more money in it? Where’s all your money going, anyway?
If you’re wondering where all your money went, join the club. Too many of us are in the same boat. We pay a bill here and a bill there. Maybe there’s a recurring expense that comes up every month. And then there’s that random thing you had to pay for the other day. And then there’s all those Amazon purchases…
Before you know it, you’re broke again. How did you get here? And how do you fix it?
We’ve got some ideas for that. We know some clever ways you can:
- Save more money, and
- Make more money!
These are financial strategies that you probably haven’t tried yet. But if your bank account is bleeding money, now’s the time to try them out. Not all these tips may work for you, but we’re betting that some of them will, so be sure to read them all.
1. Get a second set of expert eyes
To properly manage your money, work with a professional — it’s totally worth it. If you’re not doing this, you could be missing out on some serious financial gains.
A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a financial adviser. That’s twice as much!
If you’ve got at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and instantly get matched with up to three vetted financial advisers in your area, all legally bound to work in your best interests.
Even if you don’t want help picking investments, an adviser can help lower your tax burden, create a comprehensive financial plan for you, maximize your Social Security, and serve as a second pair of eyes to make sure you’re on the right track.
Please carefully review the methodologies employed in the Vanguard white paper, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.”
2. Pay 25% interest on a credit card? Seriously?
The average credit card interest rate these days is approaching 25% — a record high. Sounds like what a loan shark would charge, doesn’t it?
Never borrow recklessly, but when it’s time, do it right. Take advantage of much lower rates by borrowing against your home. Use that loan — with rates as low as 6.75% — to fix up your house, to pay off high-interest debt or for any other purpose (besides financing a lifestyle you can’t afford).
That’s a fraction of what credit cards charge, and will literally save you thousands of dollars over the life of the loan.
How do you shop for the best deal? Simple: Head to a loan shopping site like Rocket Mortgage. They’ve eliminated most of the hoops you had to jump through in the past, so it only takes a couple of minutes to see how much you could get.
3. Protect your family and your future now
Here’s hoping your retirement years are active, healthy and vibrant and that you’re able to function as you always have, right up to the time you shuffle off this mortal coil.
But don’t bet on it. According to the U.S. Department of Health and Human Services, 7 in 10 people who turn 65 today will probably need some kind of long-term care.
“But won’t Medicare take care of all that?” Nope. Medicare doesn’t cover long-term custodial care — and paying for it out of pocket could take a huge chunk of your retirement savings. That, plus inflation, could mean near or total depletion of your nest egg.
Without long-term care insurance, your options aren’t great: running through savings, borrowing money, burdening your family with your care, and possibly losing independence because you can’t live on your own.
One place to find long-term care insurance is GoldenCare (unless you live in the four states where GoldenCare doesn’t operate: Alaska, Florida, Hawaii and Washington).
At least check it out and see if it’s a fit. Because planning now could mean a more secure tomorrow.
4. Have this company pay off your credit card debt
Worrying about debt is probably the worst way you can spend your time, and paying interest and late fees is the worst way you can spend your money.
If you’ve got a problem, the sooner you deal with it, the better.
National Debt Relief is one of the most respected providers of debt relief in the U.S.
They’ve helped more than 500,000 people, are A+ rated by the Better Business Bureau and also are top-rated by Top Consumer Reviews, Top Ten Reviews, ConsumersAdvocate.org and ConsumerAffairs.
You simply fill out a form on the company website, then a debt coach will call you to learn more about your situation. If they can help you, they’ll set you up with an affordable plan that works for you — and give you an estimate of when you can expect to be debt-free. There’s no upfront fee and no obligation to get started.
National Debt Relief can help you with almost any unsecured debt, like credit cards, personal loans, medical bills, repossessions … even some student loan debt. Ready to start a new, happier chapter of your life?
5. Don’t pay for home repairs
Home repairs aren’t cheap. Whether it’s a leaky roof or a broken appliance, your home can quickly become a nightmare and cost you hundreds or even thousands of dollars to keep up.
But you don’t have to worry. Luckily, with a home warranty company called Select Home Warranty, you can safeguard yourself against giant repair bills. From home appliances to electrical, plumbing, heating and cooling systems, it can all be protected.
When something goes wrong due to normal wear and tear, you just call Select Home Warranty, day or night. The company has a wide network of reputable repair folks who will fix what’s wrong.
And if they can’t fix it? Select Home Warranty will replace it. All you pay is a service fee.
You don’t need a home inspection to qualify for a warranty, and there’s no limit to the number of claims you can file. Right now, Select Home Warranty is offering $150 off plans, two months for free and free roof leak coverage.
Hey, if you’re handy and like to repair stuff yourself, that’s obviously the cheapest route. But if that’s not you, a penny spent now could save you big bucks later.
If nothing else, at least see what it would cost. Get a free quote in 30 seconds.
6. Protect your pets for less
You have health insurance for your family, right? Of course, you do. Otherwise, an accident or illness could leave you bankrupt.
But what about your pets? They’re a member of your family, too. And just as with human healthcare, vet costs are also skyrocketing.
That’s where Pet Insurance comes in. With customizable plans and affordable premiums, you can ensure your pet gets the care they need without breaking the bank.
The best way to find the best coverage at the best price is to use a comparison site like this one, where you can clearly see various options from multiple companies, all on one page, along with expert recommendations.
Why gamble your savings on your pet’s health? Click here right now and see if there’s an affordable solution for your four-legged family members.
7. Save 10% to 30% on everything you buy
Let’s face it, shopping online is more convenient than going to a store. Plus, you’re more likely to find a deal, promotion or coupon code and quickly cross-reference prices at several different retailers to save money.
Want to make that process even easier? Try Capital One Shopping. This handy-dandy tool alerts you when a deal on an item you’re buying is available. Talk about effortless. All you have to do is add it as a browser extension, and it’ll search the internet for coupon codes to apply during checkout.
That’s not all. It also compares prices across the internet and will notify you when the item you’re purchasing is cheaper elsewhere. It’s free, and you don’t need to be a Capital One customer to use it. It’s just a friendly tool trying to save you money online. Find better bargains now.
8. Invest in real estate for $10
Real estate has long been a path to wealth. But you need to be wealthy to get started, right?
Wrong. For as little as $10, Fundrise can get you started. Fundrise lets you buy into real estate properties the same way stocks let you buy into companies.
In effect, you’re a landlord without having to run background checks or serve eviction notices. While not a guarantee of future results, Fundrise investors have earned an average of 25% within three years; if they held on for five years, the increase was more than 50%.
People are always going to need a place to live — and recent rent jumps make real estate investing more profitable. Rent prices went up almost 17% in 2021, according to data from Harvard’s Joint Center for Housing Studies.
Take two minutes and check it out.
Note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on moneytalksnews.com. All opinions are our own.
9. Make money, have fun with your phone
Whenever you’re killing time on your phone, you could be making money from these companies:
Blackout Bingo for iPhone puts a competitive spin on the classic game and pays real cash prizes. Put your concentration and strategy to the test in big tournaments and head-to-head matchups.
Branded Surveys has a user-friendly platform that allows you to complete surveys on any device. You’ll earn points for each survey completed, and points can be redeemed for gift cards, PayPal cash or sweepstakes entries.
Survey Junkie partners with market research companies to listen to your honest opinions and learn how you spend your time and money. You can earn as much as $40 monthly if you complete three surveys daily.
KashKick is a rewards platform that will pay you for completing specific tasks like trying a new app or game, taking surveys or watching videos. Survey payouts range from 15 cents to $2 each, so your earnings add up quickly.
10. Slash your car insurance bill by $610
If you’re like most Americans, you’re probably paying too much for car insurance. But shopping around for a better deal is such a hassle.
Well, it used to be.
Now you can just check out Provide Insurance, the largest online marketplace for insurance in the U.S. Provide Insurance lets you compare quotes from more than 175 different carriers in minutes.
All you have to do is answer a few questions about yourself and your driving history. Then Provide will show you the best options for your needs and budget.
You could save up to $610 a year on car insurance by using Provide Insurance. That’s money you could use for other things, like investing, saving or paying off debt.
Don’t let your current insurer overcharge you. Try Provide Insurance today and see how much you can save on car insurance.
11. Don’t pay to fix your car
The cost of car repairs is skyrocketing. One shop told Consumer Reports that a decade ago, their average repair was $1,600. These days, the average bill is $4,000.
Typically, a vehicle manufacturer warranty lasts three years. Yet the average car is around 12 years old. If you’re concerned about coming up with thousands of dollars for a repair bill, protect your investment with Endurance Warranty Services.
The company provides extended warranty plans of up to 36 months. Choose from at least six different plans, to get only the coverage you actually need, for cars up to 20 years old.
All their warranties include 24/7 roadside assistance plus rental car benefits while your vehicle is being repaired. For the first year, you’ll get the Elite Benefits program for free; this includes complete tire coverage, key fob replacement, a collision discount and a $1,000 payment if your car is determined to be a total loss.
Endurance has a network of thousands of ASE-certified repair shops. More important: Endurance pays the repair bill upfront. All you need to cover is the deductible.
ConsumerAffairs calls Endurance “a solid choice” for drivers of any age, and “particularly appealing” for those with older vehicles.
12. Get your Social Security check early
Are you 62 or older? Welcome to Charlie, banking built for you.
Charlie is a financial technology company, not a bank. Banking services provided by Sutton Bank, Member FDIC.
You’ve been everything to everyone: the planner, the mentor, the teacher, the one to lean on. It’s time someone built a solution with just you in mind. It’s time for Charlie.
At Charlie, customers can access their Social Security payments early each month with no interest or fees. All Charlie Accounts also come with a Charlie Visa®* Debit Card, which can be used at more than 55,000 ATMs nationwide — fee-free**! Your Charlie debit card is good wherever Visa®* is accepted. You also earn 3% on deposits in your Charlie Account.
We know security and peace of mind are important, and that’s why Charlie is here to support you every step of the way. Charlie Accounts are insured for up to $250,000 through their partner bank, Sutton Bank, Member FDIC. And if you ever need assistance, Charlie’s U.S.-based customer service team is available to answer any questions.
Having spent a lifetime providing financial security and emotional support to others, now it’s your turn. Join Charlie today.
*The Charlie Visa® Debit Card is issued by Sutton Bank, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa, U.S.A. Inc. All other trademarks and service marks belong to their respective owners.
**One-time fees include out-of-network ATM fees and second replacement card fees. See cardholder agreement for full fee schedule.
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