Want some practical ideas on how you can improve your financial situation this year? Well, here are seven things you can do to improve your finances, most you can start in under 5 minutes.
1. Make More Money Today
One of the best things you can do to increase how much you can invest is to find ways to increase your income. Here are a couple of ways that you can do that starting today:
Survey Junkie will pay you for taking surveys in your spare time. They have over 10,000,000 members, and this company is cool because they will pay you instantly with cash via Paypal.
Swagbucks will pay you for doing every day tasks like searching the internet and shopping online. They have a Trustpilot rating of 4.3/5 and have paid out over $498,000,000 to its members.
2. Get Life Insurance
Protecting your loved ones with life insurance is a smart money move that most people should consider.
Unfortunately, signing up for life insurance can seem like a hassle because no two companies are exactly alike. There are different rules and rates for every policy and company, which can make life insurance seem confusing.
Luckily, Bestow makes the process simple with life insurance plans for as short as two-year terms – and as long as 20-year terms.
Plus you may not need a medical exam to get your insurance policy with Bestow.
Just fill out your application online and get a quote in minutes.
3. Stop Paying Hidden Investment Fees
Tired of losing money from your investments because of high fees? Blooom is here to change that. Do you have a 401k?
Blooom helps assess your 401k fees, your stock/bond mix, and the opportunity cost associated with your investments. Opportunity cost is how much you could be missing out on by not investing more, or by investing too conservatively.
They claim to help their clients cut their hidden investment fees by 66%.
4. Make Money Playing Games
Do you like playing games on your phone? Mistplay is an app that pays you to play games. When you download the app, you’ll get a mixlist that has new games for you to play.
As you play the games on your app, you’ll start earning points. You can use your points to get gift cards to Visa (i.e. cash!) Amazon, Starbucks and more.
The app also has a chat feature where you can chat with other gamers. And you can earn points when you invite friends to download and play.
Looking for a little competition? You can compete with other gamers to rank in the Mistplay leader boards.
5. Deliver Food and Get Paid
Gone are the days of needing to wear a greasy pizza uniform to be a food delivery driver. Now you can deliver for a variety of restaurants using DoorDash.
DoorDash partners with a variety of restaurants in most cities to bring over 10 million orders to hungry customers!
All you need to get started is a reliable vehicle, moped or good walking shoes, along with a smartphone, the DoorDash app, plus a valid drivers license and insurance.
6. Invest in Real Estate (Affordably)
Owning and renting out real estate can be a great way to make money. However, purchasing a home can be costly since you usually need about 20% down plus closing costs to buy a rental home.
But with Fundrise, you can get started with real estate investing for just $500.
Fundrise is a crowdfunded real estate investing company. They will use your money (and money from others) to purchase and manage large-scale rental properties and give you a cut of the profits.
7. Create a Budget
Want an easy way to create a budget? There is a platform called Tiller which can help you track your spending in one easy spot. Instead of multiple budgeting spreadsheets, Tiller will track your spending from all accounts in one place.
That is a great advantage, especially if you have multiple accounts. Instead of logging into each bank or financial institution to determine where you stand, you can just check one spreadsheet.
The system will automatically update your spreadsheet on a daily basis. You will be up-to-date every time you check the spreadsheet.
Once you get a handle on your tracked expenses, it will be easier to create an effective plan for your finances. The spreadsheet is customizable, so you can tailor the information to your needs.
It is a good choice for those who want to see their tracked daily expenses each day. However, if you are looking for something that you can check on the go, then this may not be the best option.
Tiller has a 30 day free trial!
What money moves are you taking to increase your wealth this year? Please share in the comments below.