These 5 Bills Are Draining Your Bank Account. Here’s How to Cut Back $2,579
Bills, bills, bills. They never seem to end, do they? They take more and more out of your account each month before you even realize it.
You can’t escape them entirely (wouldn’t that be great?), but you can stop them from being so darn painful every month. All it takes is ending your loyalty to a few companies you currently use for bills and fees that come every month.
Trust us, they won’t miss you. And you definitely won’t miss them — especially when you realize how much money you’ve been needlessly throwing away every month.
1. Your Credit Card Bill: Let This Company Pay it Off
If you’re reading this, there’s a 50% chance you have credit card debt — nearly half of U.S. adults do. And if you don’t pay it off every month, you’re draining your bank account with unnecessary — and terribly high — interest payments.
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates — some up to a whopping 36%!
But a website called Payoff could help you pay off that bill as soon as tomorrow.
Here’s how it works: Payoff can match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
If your credit score is at least 600, Payoff can help you borrow $5,000 to $40,000 with fixed rates starting at 5.99%.
Payoff won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just a few minutes, and it could save you thousands of dollars — and raise your FICO score by up to 40 points. Totally worth it.
All that credit card debt — and the anxiety that comes with it — could be gone by tomorrow.
(Payoff operates in every U.S. state except Massachusetts, Mississippi, Nebraska and Nevada.)
2. Your Car Insurance Bill: Save $500
If you could save $500 a year in less time than it takes to brush your teeth, wouldn’t you?
That’s exactly what a website called Pretected can help you do.
No matter where you live, what your credit score is or what kind of coverage you need, Pretected’s smart matching technology can match you with the right insurance provider — and make sure you stop wasting money every month.
It takes just two minutes to answer some questions and Pretected will show you the insurance companies that are the best fit for you. And don’t worry — Pretected uses the most advanced data security and encryption technology so all your details are safe.
The website is free to use and can even save you up to an additional 20% if you add another vehicle to your policy. That’s a decent chunk of money to put back in your pocket!
More than 10 million Americans have already used Pretected’s smart matching technology to find affordable car insurance. Get started here to see how much money you could save.
3. Your Credit Monitoring Service: Cut $240 Down to $0
When it comes to your credit score, it’s important to stay organized and keep tabs on it. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.
But there’s no need to spend $19.99/month on a credit monitoring service, when you can get the same protection for $0.
So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.
Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).
James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.
Want to check for yourself? It’s free and only takes about 90 seconds to sign up.
4. Your Investment Broker: Never Pay Unnecessary Fees Again
Investing in the stock market is a great tool to grow your net worth. And for a while, it seemed like it was only available to the upper class — the people who didn’t mind paying up to $50 for each trade. What’s $50 when your investment broker is making you millions?
But if you work for a living and don’t happen to have millions of dollars lying around, smartly investing in the market can sound totally out of reach.
But with an app called Stash, it doesn’t have to be. It lets you be a part of something that’s normally exclusive to the richest of the rich — on Stash you can buy pieces of other companies for as little as $1.
That’s right — you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more for as little as $1. The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.1
It takes two minutes to sign up, and it’s totally secure. With Stash, all your investments are protected by the Securities Investor Protection Corporation (SIPC) — that’s industry talk for, “Your money’s safe.”2
Plus, when you use the link above, Stash will give you a $5 sign-up bonus once you deposit $5 into your account.*
5. Your Banking Account: Skip the $15 Monthly Fees
The monthly fee your bank is charging you is a huge account-drainer. Especially because some banks charge when you don’t have enough money saved. We’re the people who need that $15 the most!
If you’re just looking for a place to safely stash it away but still earn money, a fancy account isn’t necessary. Under your mattress or in a safe will get you nothing. And a typical savings account won’t do you much better. (Ahem, 0.06% is nothing these days.)
But a debit card called Aspiration lets you earn up to 5% cash back and up to 16 times the average interest on the money in your account.
Not too shabby!
Enter your email address here to get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash.
Your money is FDIC insured and they use a military-grade encryption which is nerd talk for “this is totally safe.”
Kari Faber is a staff writer at The Penny Hoarder.
***Like Cooper, 60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.
Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.
1Not all stocks pay out dividends, and there is no guarantee that dividends will be paid each year.
2To note, SIPC coverage does not insure against the potential loss of market value.
For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
*Offer is subject to Promotion Terms and Conditions. To be eligible to participate in this Promotion and receive the bonus, you must successfully open an individual brokerage account in good standing, link a funding account to your Invest account AND deposit $5.00 into your Invest account.
The Penny Hoarder is a Paid Affiliate/partner of Stash.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.