When you have a full-time job (plus a side hustle) and still struggle to make ends meet, it’s time to cut back on spending. But knowing where and how to reduce household bills can be difficult.
To help, we’ve found how to significantly cut the most common household bills in less than 5 minutes.
Smart shoppers know that price doesn’t indicate quality. Often, store brands are identical to more expensive name brands.
But finding the best product can be difficult and expensive. A unique way to discover alternatives is to join Shopper’s Voice®, an online survey that lets you earn samples, coupons and free stuff.
Luckily, they’re accepting new applicants right now. You won’t want to miss this.
From higher interest rates on loans to being unable to rent an apartment, a bad credit score can cost you a lot. Working to maintain a good credit score goes a long way in saving you money, and the best place to start is monitoring your credit score.
Want to find out your credit score before it’s too late? Sign-up for Credit Karma and find out your credit score immediately. It only takes 30 seconds! Credit Karma will start monitoring your credit score for you so there are no more surprises! It is 100% free to join so you have nothing to lose!
Sign-up for Credit Karma today and get ahead of any potential problems by knowing your score.
3. Bank fees
Let’s face it – bank fees suck. They’re unfair and totally unnecessary. Chime Bank thought the same thing so decided to offer 100% fee-free banking .
Unlike traditional banks, Chime operates online only and doesn’t have any physical branches meaning they offer completely free banking. Opening an account takes 3 minutes to and you get a checking account, savings account and debit card.
Besides no-fees, the other big reason to use Chime is is the ability to get your paycheck two days early when getting paid via direct deposit. If your rent falls due right before payday, those two days are huge.
Nobody thinks about getting insurance… until something happens and you need it. If you couldn’t afford to replace your valuables today, it’s time to consider getting insurance.
A solid (and insanely popular) choice is Lemonade. They’ll insure all your personal property against theft, loss, and damage starting at just $5 a month. Even better, your stuff is covered even if something happens to it outside your house. When you think about how much it’d cost to replace your phone or laptop, $5 a month for insurance is a crazy good deal.
Best of all, everything is done online so you can sign up and make a claim almost instantly on your phone.
5. Debt repayments
Debt can feel impossible to pay off if you’re only making minimum payments. Consolidating unsecured debt can help you escape the never ending debt cycle.
Simply put, you can consolidate your unsecured debt into one at a lower rate. The advantages are threefold – one monthly repayment, lower interest payments and potentially a reduction in the amount owed.
If you have over $10,000 of unsecured debt, you can see debt relief options.
6. Everyday shopping
Store loyalty programs and cashback programs are an awesome way to save money – if you actually remember to use them. To always get rewarded for purchases, you’ll want to download Drop.
Drop supercharges your credit and debit cards by giving rewards for everyday purchases. Best of all, it works in the background so you earn automatically – just register for free, link your credit or debit cards then go shopping to save. It’s that easy!
Points earned are redeemable for gift cards to stores like Amazon, Seamless and Whole Foods. Combined with cashback apps and credit card rewards, Drop can save you some serious money.
7. Car insurance
Every driver knows how cars can quickly become money pits. Gas, repairs, insurance – it all adds up. The quickest way to save on car expenses is to switch to more affordable car insurance.
Changing car insurance providers every 12 months can save you serious money because the insurance industry is so competitive. Policy providers are always trying to win consumers over with low rates and additional coverage options.
To find the best price, use a free personalized price comparison service like Quote Genius. You can speak with a local insurance agent and get multiple quotes in one phone call.
8. Investing fees
Buying stocks in companies you’re already familiar with is a straightforward way to start investing. But brokerage fees can be a killer if you’re being through a traditional broker. The easiest and most affordable way to start investing in shares is with Stash.
Stockpile lets you buy fractional shares of individual companies with just $5. That means instead of dealing with confusing ETFs, you can buy shares in trusted brands like Amazon, Netflix and Google. It’s the best way to learn about investing with only a few dollars.
To help new investors begin their portfolio, Stash is new users a free stock when you sign up. Don’t skip this one!
Image: Luke Porter