Saving money is more than clipping coupons and opening a savings account. There are hundreds of hacks that can help you to squeeze a couple more dollars out of your earnings. Here are some of our favorite and most creative ways to save money.
Some require a lifestyle change, and some are so easy that you are going to wonder why you haven’t been doing them all along.
1. Consolidate Credit Card Debt To Save Thousands
For a lot of people saddled with huge amounts of credit card debt, consolidating may be the key to getting on the right financial track. Credible is one of the best first steps to find out what options are out there. It’s an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real-time.
Using Credible, you are able to compare rates from multiple vetted lenders in just two minutes. From there, you will be able to figure out if you are able to reduce the amount of interest that you are paying on your credit card debts.
Credible is so confident in its rates that they’ll give you $200 if you find and close a loan with a better rate elsewhere.
What are you waiting for? Stop letting your credit card debts get the best of you thanks to Credible.
2. Take Control of Your Credit Score (And Save Money In The Process)
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 place to start is actually monitoring your credit score.
Want to find out your credit score before it’s too late? Sign-up for Credit Sesame and find out your credit score immediately. It only takes 30 seconds! Credit Sesame 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 Sesame today and get ahead of any potential problems by knowing your score.
3. Save $326 a Year on Bank Fees
What are you going to do with all this extra cash if you don’t have a savings account yet? Consider joining an online-only bank like Chime which offers 100% fee-free banking.
Here’s what makes Chime the perfect savings account for people with a side hustle:
- It’s 100% fee-free – open a Chime account now and never get another overdraft fee again
- Automatic savings – automatically round up your transactions to the nearest dollar and get difference added to your savings Account
- Get paid two days early – get paid via direct deposit and you’ll get your paycheck before your coworkers.
Open your free account today and see why Chime is one of the fastest-growing bank accounts in America.
4. You’re Wasting $825 A Year And You Don’t Have To Be
Most people have absolutely no idea — and we mean no idea — that it’s recommended to switch car insurance every year so you are consistently getting the absolute cheapest price.
We all know that switching anything can be annoying, which is why we are such big fans of Gabi which shops for the best car insurance deal for you. It’s so good at doing this that the average customer will save $825 a year on car insurance.
To find out if you are currently getting ripped off on car insurance:
- Connect your existing insurance policy
- Provide your driver’s license
- Within minutes get a number of cheaper options to switch
Gabi will also instantly tell you if you currently have the cheapest policy possible. It’s that easy to save up to $825 a year on car insurance using Gabi!
5. Save $240 On Groceries With This App
While food coupons are an excellent money saver, they can be difficult to actually remember to use. With the online coupon app Ibotta, you can easily access all your coupons in one place without having to clip them from a coupon book (win)!
Simply sign-up for Ibotta and browse the app for the coupons that make the most sense for you. Then, just go to the store and buy those items, making sure to save your receipt. That’s when you’re going to want to scan your receipt with the Ibotta app so you can get cash back within 48 hours.
The average Ibotta user saves $240 a year, so this is definitely worth your time.
6. Negotiate Down Your Biggest Monthly Bills
We are here to let you in on a little secret: you are probably wasting money on your cable bill. The dirty little secret cable operators don’t want you to know is that these bills can be negotiated.
Truebill is the ultimate hack for dealing with this — and making sure those bills take a smaller chunk out of your budget every month. Connect your bills to Truebill either online or by snapping a photo of one.Then, Truebill expert negotiators will try to lower your bills by finding hidden discounts and promos for you(they never downgrade or remove services, either, to help you save money, so no need to worry about that). And that’s it, chances are they’ll find you some serious savings.
7. Get All The Cash Back You Can When You Spend
Obviously, one of the biggest keys to saving money is spending less. But it’s also important to maximize how much cash back you get whenever you spend money. And one of the absolute best ways to get cash back every single time you spend money is via a cash back rewards credit card. Some offer anywhere from one to three percent cash back on literally everything you by. That’s free money as long as you pay your credit card bill every month.
One of our favorite tools for finding a credit card is Card Cruncher. They make it really easy to find the best cash back credit depending on what you are spending money on throughout the month.
Enter how much you are spending in the various categories below each month, and click view credit cards to see what the best options are. Remember, the key when you get a new credit card is to make the payments on time every month, and to take advantage of all of the rewards.
8. Get Money Back Wherever You Shop Online
If you aren’t getting cash back every time you shop, we are here to tell you that you are doing something wrong, very wrong.
Here’s how to make sure you never make this mistake: Simply sign-up for Rakuten, and then visit your favorite stores from Amazon to Nordstrom, via Rakuten (this step is key). When you then buy something Rakuten will then be able to process your cash back.
Of note: Every retailer available on Rakuten offers a different amount of cash back, usually between 2 to 3%. Make sure to check the “Flash Cash Back Stores” tab on the site to find the special cash back offers (we’ve seen up to 22.5%)!
9. See How Much Debt Consolidation Could Save You
Debt consolidation is an incredibly easy way to save money and isn’t as complex as it sounds. All you’re doing is borrowing money at a low-interest rate and using it to pay off high-interest debt. That means your monthly interest repayments go down and there’s only one bill to pay each month. Simple but effective!
If you want to see how much debt consolidation could save you, check out Fiona. Fiona lets you search all the top online consolidation and refinancing options for free. You can sign up in three simple steps. The best part? It is completely free to use. No gimmicks, no hidden fees.
The loans offered are between $1,000 and $100,000, lasting between 24 and 84 months. Rates start at 4.99% and people with a credit score of 660 or above get much better rates.
10. Make Sure You Stay On Top Of Your Financial Goals
We can’t help but toot our own horn a bit: We have a email newsletter that is pretty kickass when it comes to offering budgeting hacks, tips and tricks for getting out of debt faster, ideas for investing for total beginners and so much more.
All delivered to your inbox, so it’s super easy and you’ll never miss anything.
You don’t want to miss out. Every little bit of help will make a difference when it comes to getting to a good financial place.
Sign-up for The Money Manual’s Newsletter right now. We pinky-swear you won’t be sorry.
11. Get Paid For Shopping (And Save At The Same Time)
What can beat getting an item on sale? I think it’s safe to say getting rewarded with money for buying it definitely does. Shop online with Cash Direct Club and you’ll earn cash — not points — for all your purchases.
Earn up to 15 % cash back for every purchase you make shopping at your favorite stores through Cash Direct Club. The app partners with hundreds of retailers including Walmart, Macy’s, Best Buy, Sephora and Neiman Marcus. Get your money fast via Paypal or check by mail if you don’t have a PayPal account.
Want to hear about even more ways to earn with Cash Direct Club?
- Earn $3 cash when you download the app.
- Earn $3 cash when you download the browser extension on desktop.
- Up to $10 per referral of family/friends.
- Earn $5, $10, and $20 cash bonuses the more you shop with Cash Direct Club.
What are you waiting for? Download Cash Direct Club to start earning for all your online shopping
12. Free Trials Don’t Last Forever: Use This To Cancel Them
Let’s be honest: Most of us don’t check our bank statements as often as we should, which could be costing you hundreds or even thousands of dollars every year. How exactly? Well, you might still be paying for things you forgot you signed up for (like that Hulu subscription that started as a free trial), services you no longer use, or there might even be fraudulent charges to your account.
Yeah, I know, it’s a lot. And after reading that, your first instinct may be to sign in to your bank account and comb through your charges to make sure everything’s on the up-and-up, but that could take a while. You’re best bet would be to use Trim to take care of all of that for you.
This app is basically your very own personal finance assistant. Download it, securely connect your bank account and in minutes, the app will analyze your spending so you can see exactly where your money is going and it will show you all the recurring charges being made to your account. See a subscription you no longer want and Trim will cancel it for you.
Trim is the real deal, they saved their users over $1,000,000 last month alone.
13. Protect Your Things (And Your Budget) With Insurance
While you may love your Apple Macbook, so do would-be thieves, who would just love to swipe the $1,500 gadget from you at the gym, or out of your bag. It was expensive enough the first time, you don’t want to have to replace it!
Thankfully, by paying for renters insurance with Lemonade that starts at just $5 per month, you no longer have to stress about that. Lemonade allows you to invest in the things that you love from a Macbook to a favorite pair of sneakers to a vintage guitar, and if they get stolen or damaged in your home, they’ll be covered. The best part? Lemonade covers your stuff outside of your home, too. Consider it a massive security net for your budget.
Lemonade is markedly cheaper than its competitors to boot—on average cheaper by $145 a year.
14. Anything Can Happen: Protect Your Income From Life’s Curveballs
What would you do today if for some reason you were unable to work? Do you have enough money tucked away that could hold you over until you got back on your feet? Or maybe a passive source of income you could rely on? Don’t have an answer to these questions?
So many people get caught up in making enough money to pay the bills they forget to make backup plans for life’s curveballs like getting sick or injured.
The thing is, not all jobs provide disability insurance, and even if they do, they usually have major limitations.
Disability insurance is normally insanely expensive, but a new company called Breeze is changing that.
This completely online insurer makes it possible to obtain affordable and comprehensive coverage in 15 minutes. Just fill out a simple form, providing information about yourself and details about your occupation, select the coverage you’d like and apply. If you instantly qualify, you’ll get covered right away.
Plans start as low as $9/month with benefit amounts ranging from $500 to $20,000.
Whatever your industry, your livelihood is nothing to gamble with. Protect your income with Breeze today.
15. Earn Passive Income The Easy Way
Investment dividends are a great way to passively earn extra cash. But knowing where to start investing can be hard.
With the micro-investing app Stash you can start investing with as little as $5. They’ve made it incredibly easy for anyone to start investing by offering a curated selection of 200 plus stocks and Exchange Traded Funds. Those ETFs and stocks pay dividends meaning you make money while you sleep! It only takes two minutes to sign up!
16. Scan Your Emails To Find Hidden Savings
All of those emails you have that are receipts of things you bought online? They might be worth actual cash thanks to Paribus.
That’s because once you sign-up for Paribus, it will scan your email for your shopping receipts and monitor for price drops on the things you have bought effortlessly.
If Paribus detects that there has been a price decrease on something you’ve bought, it will effortlessly file a claim for a price adjustment on your behalf so you can recoup the difference.
It’s completely free to use–you’ll get to keep 100% of your savings, so you there is absolutely nothing to lose from trying this!
Paribus compensates us when you sign up for Paribus using the links we provided.
Sign up for Paribus and get price protection on all your shopping!
17. Save On Rent By Turning Into Your Own Landlord
You’re likely well aware of how much Airbnb has changed how people travel, but did you know just how big of a moneymaker it is for people renting out their homes or spare rooms? According to Priceonomics, hosts on Airbnb are earning more than anyone else in the gig economy and are raking in an average of $924 a month. Now, you’re probably thinking, there is no such thing as easy money, especially an easy $924 a month, but AirBNB makes it so darn easy to get started.
They help you calculate how much you should be charging, for instance, so you can optimize how much you make. They also hold your hand through the process of creating an attractive description for your listing. Rent can be a huge budget suck, but this is a great way to cut back on the cost.
18. Stop Saving Your Payment Information On E-Commerce Sites
There’s a reason e-commerce sites allow customers to save their payment information–it makes checking out easier and people are more willing to part with their money. Don’t make parting with your money easy as a rule. By not saving your payment information on e-commerce sites, and making it harder to checkout, you’ll be more likely to not buy something, and more apt to save money.
19. Save Thousands On Your Student Loans
At this point, student loan debt is a rite of passage in America. It’s nearly impossible to avoid, but with the Credible on your side, it’s actually very possible to eliminate.
Use the website to compare interest rates and lenders so you can find the best option for student refinancing.
I know this can be a bit confusing so let me break it down for you: Refinancing means you’ll be able to adjust the repayment terms and the interest payment on both your private and federal student loans by taking out a new loan to pay off some or all of your student loans.
Answer questions about your education, income and other personal information, and in just two minutes, Credible will whip up a personalized rate from one of 10 major lenders. If it turns out you don’t qualify for refinancing or consolidation, recruiting a creditworthy cosigner can improve your chances to. You want to know the best part? Credible is completely free to use and submitting a request to compare options doesn’t affect your credit score.
For so many people, student loan debt means postponing owning a home, the freedom to move around in your career, and a full host of other issues. It’s time to stop letting your student loan debt hold you back.
20. Stop Overpaying For A One-Size-Fits-All Life Insurance Policy
After spending hours on the internet researching life insurance companies and comparing rates and coverage, you’re still no closer to buying a policy than you were when you started. You’ve read a ton of “how-to-choose” explainer articles and more insurance company customer reviews than you care to count, and now you’re frustrated and probably want to call it quits for the time being (and who can blame you). But before you do, we have just the thing to bring your life insurance search to an end today — Everyday Life.
This online insurance concierge service is totally revolutionizing the life insurance game. Instead of the fixed and overpriced policies that traditional insurance companies push on you even if it’s not a fit for your needs, Everyday Life will build a policy around you and your family’s unique circumstances that adjusts as your needs change over time.
Policies produced by Everyday Life are often 50% to 80% cheaper than those offered by traditional insurance companies. Costs and coverage will automatically decrease over time as your children age, your savings grow and retirement nears, which will ultimately save you a lot of money. Policy terms range between 10 to 40 years, with a coverage amount of up to $20 million.
Take a quick and straightforward assessment (it takes 3 – 5 minutes) and the information gathered from it will be used to give you a personalized life insurance plan recommendation and quote and if you want, you can purchase immediately.
21. Save $329 on Bank Fees Per Year by Switching Banks
Did you know the average person pays $329 in bank fees every year? Switching to a fee-free online bank is a super simple way to save we suggest everybody does.
22. Get Cash Back Even When Using A Debit Card
Drop is literally the easiest way to save money. With Drop you can turn your everyday spending at your favorite store into points and cash rewards.
You don’t need to lift a finger to save either. Get started by signing up here, then just link the debit or credit card(s) you use to shop. That’s really it. You set it up then continue with your normal life and earn points every time you swipe your debit or credit card. Once you earn points they can be redeemed for awesome stuff like Whole Foods, Costco and Trader Joe’s gift cards.
23. Make A Vow To Never Pay A Late Fee Again
Paying late on rent, your credit card or a medical bill is going to be mean extra fees. Do whatever you can to pay bills on time to avoid these fees. The payoff will be huge.
24. It Never Hurts To Look Into All Of The Options, Too
Life insurance is so important and could ultimately be such a big saver for your family, so why not look into all of your options?
Haven Life is great option to explore. There’s an easy online application, and the approval process which normally takes one to two weeks takes just two minutes with Haven Life.
Haven Life is backed and fully owned by MassMutual, a leading insurer with over 160 years of experience, so you’ll be dealing with true experts when you work with Haven Life.
Take a look at what your rate would be with Haven Life instantly here and start protecting your family.
25. Actually Sit Down And Make A Budget (Like, Now)
It’s a classic piece of advice, but it is also one of the most effective ways for you to keep your savings account from springing a leak. Take an afternoon to yourself and really work on making a budget that works with your lifestyle. Then do whatever you have to do to stick with it.
26. Get Paid Early And Never Pay Another Late fee
Living paycheck to paycheck can be brutal and sometimes waiting two weeks for the next one can mean paying a bill late (which can have some serious consequences). Use Earnin to put an end to this struggle.
Create an account with Earnin and you’ll get paid for the hours you worked the same day you worked them. Just connect a checking account and provide your employment details. Submit your timesheet to the app and voilà–instant access to your paycheck.
You can cash out up to $100 a day. When your actual paycheck gets direct deposited, Earnin will just subtract what you’ve already cashed out.
It’s that easy and here is the best part: It’s free. Earnin just asks that you tip them if you enjoy using the service. This is essentially like the payday loans people use without the scammy downside where you get ripped off.
27. Only Save In A High Yield Savings Account
It’s always a good thing to be saving money, but if you are saving it in a low yield savings account (say, one with a .01% APY which is what most of the banks offer) you are making a big mistake with your money. Look around for an APY of 2% so you can ensure that you are using your money to make money.
28. Swapping Clothing > Buying Clothing
Rather than heading to the mall and spending a ton on new clothes, host a clothing swap with your friends and family. Bring clothes you are willing to part with and exchange them for some new threads without spending a penny. You’ll also win some brownie points with your friends for organizing.
29. Check Your Bank Statement
Actually sitting down and looking at your bank statement can be a huge eyeopener in seeing where your money goes. Those bank fees (say goodbye to bank fees if you have a free Chime Bank account) and unused subscriptions (Truebill will cancel them for you) can add up fast.
30. Start Saving And Investing As A Couple: It’s A Game Changer
Twine encourages couples to strive for greater monetary success by saving together with competitive interest rates, guided tips and a streamlined interface. Unlike other platforms who offer similar features, Twine is all about saving as a team.
An initial deposit of $5 is all that’s required to start a savings account with Twine. Users can gradually increase their balance until they’re ready to begin investing it. Each account earns a variable 1.05% in interest. As soon as the account reaches $100, Twine allows users to transform their savings into an investment brokerage account. The potential to grow as a couple makes Twine a positive experience.
31. Take Fancy But Most Importantly Free Fitness Classes
Whether it’s spin, pilates, or yoga, fitness classes are an excellent, but very expensive method of getting fit. Thankfully, most fitness studios offer discounted or free classes for first time visitors. If you take the time to source them out, you will have a pretty robust list of free fitness classes to take advantage of.
32. Play Games While Saving Money
Who says saving money has to be akin to watching paint dry? The days of yawn-worthy banking are over thanks to the arrival of Long Game, an app that lets you play games, save money and earn cash and crypto rewards. Now you can have fun with your money while it builds into a healthy cushion of cash.
With the Long Game app, your money earns interest and stays safe because it is FDIC insured. Your money is also accessible at any time.
What are you waiting for? Sign-up for Long Game to have fun saving money while building wealth!
33. Make Buying In Bulk Your Thing
It may not seem intuitive, but the more of an item that you buy, the less you are going to end up paying in the long run. Get yourself a Costco membership, or a membership to another wholesaler, and take advantage of buying in bulk. Live in a small space? Partner up with a few friends to go in on buying bulk toilet paper, chips, and more to reap these savings.
34. Be Patient For Sales
This may seem obvious but for impulse shoppers it’s important to remember – there’s always another sale coming up!
35. Get $100,000 Of Life Insurance In Minutes With This Startup
In all the prep you did for adulting, (which, let’s be honest, hardly helps), I bet nothing prepared you for shopping for life insurance. It can be a tricky business. How much is too much? How much is too little? The amount of coverage you need varies from person-to-person based on income, lifestyle, debt and more, but even so many companies take a one-size-fits-all approach to policies.
Enter Fabric, a new startup offering life insurance that’s changing the game.
They offer 10, 15 and 20-year term life insurance policies that help protect your family’s needs at affordable prices. Fill out an application — it only takes about 10 minutes — and thanks to Fabric’s accelerated underwriting process, you could be approved and receive a policy offer on the spot without a medical exam. Adjust your policy before you purchase it and you’re all set.
Policies can go for as low as under $10 per month and coverage ranges between $100,000 and $5 million.
In a world where insurance companies try to upsell you on policies that don’t actually benefit you, Fabric is a gem.
36. As A Rule Don’t Emotional Shop
Breakups are tough… and so is the bill at the end of an emotional shopping day. Instead of grabbing your wallet at the end of a bad day, grab a bar of soap and take a bath to decompress rather than max out your credit card. And yes, this tip is for both men and women.
37. Walk, Bike, Carpool
Try and choose the transportation method that is going to cost you the least amount of money. If you live close to work, opt to walk or bike rather than taking your car and spending gas money. If that’s not an option, why not carpool with some co-workers. The savings will start to add up almost immediately.
38. Stop Buying Gifts Completely
Birthdays and holidays may be fun, but they often come with the expectation that you spend a lot of money buying gifts for people. Cut down on those gift prices by DIYing your presents. Knit a scarf, mason jar some granola, just make something that shows you made an effort while also saving money. Over time that’s money in your savings account.
39. Stop Buying $5 Coffee Every Day
That half-caf soy milk latte is not worth the five plus dollars you are paying for it every day. A much better investment is to brew your morning joe at home and if you want to be fancy, buy yourself a milk frother so you can DIY your own latte.
40. Buy Generic Whenever Possible
Especially when you are shopping at places like Walgreens and CVS, look to buy the generic brands of products. They are always cheaper, sometimes even by a few dollars. Do you really need to spend a few extra dollars on name brand toothpaste? We didn’t think so.
41. Get The Absolute Most Back You Can On Your Taxes
If you select the wrong withholding amount on your taxes, you’re essentially giving the IRS an interest free loan. Understanding your personal circumstances and selecting the right withholding could net you hundreds extra a month in your savings account.
42. Save Money Without Trying
It’s so hard to save fast enough for the things you really want after all the bills are paid. What if there was a better way where you could save money without even trying? Well, we have a little hack that makes stocking away money much easier than you might think: Digit.
Digit helps you save money effortlessly. It works very differently from other saving apps by analyzing your spending and automatically transferring small amounts of money throughout the month into a savings account so you don’t even miss the cash.
All you have to do is sign-up, create a “savings goal” and watch your fund build in the background. The cash is always accessible so the risk is absolutely zero. Getting to your goal is going to be much easier than you might think!
Not convinced? Try it for free for 30 days!
43. Use Those Free Gift Cards
According to Finder.com, American’s have $45 billion of unused gift cards sitting around the house. Rummage through your draws and see what free money you have sitting in there.
44. Leave Your Wallet at Home
If you are taking a walk, picking up a delivery, or just stopping by a friend’s house to say hi, try and leave your wallet at home so that you won’t be tempted to stop and part with your hard earned cash. If you don’t have any money on you, how can you possibly spend?
45. Make Sure To Do This Earlier Rather Than Later
You can save a lot of money making certain moves earlier rather than later and one of the big ones is life insurance (which, by the way, most people don’t realize you can put to really good use while you are alive including using it to take out loans or for living benefits).
One of the best inexpensive ways to get life insurance is via Policygenius which allows you to easily compare quotes from multiple insurance companies in just two minutes. There are absolutely zero fees too so what you see is what you get.
A healthy 30 year old can get $1 million in coverage for under $30 a month!
That’s a massive amount of money that you’ll be able to put to use, so do this sooner rather than later!
46. Start Living For Happy Hour
There is a reason it’s called a Happy Hour: because people are happy to be having their favorite cocktail for half-price. Try and always take advantage of happy hour so you aren’t spending an arm and a leg on regular full-priced cocktails. Hunt down the happy hours with free food, so you can double up the savings.
47. Seriously Assess How Much You Are Paying For Your Phone Every Month And Cut Back
I think we can all agree that a phone is a 2019 necessity, but is it also a necessity to spend almost $100 a month on service for said phone? I think we can all agree that’s a hard no. One of our favorite options for dramatically cutting back on the dreaded monthly phone bill is to a budget carrier such as Mint Mobile or Cricket.
48. Play Games And Save At The Same Time
Earning free gift card playing mobile games sounds like a dream for most people – Mistplay (download for Android) makes that dream a reality.
Mistplay is an Android game platform app that lets you earn rewards for playing new games. Those points can be redeemed for awesome gift cards from Amazon, VISA, Target and more.
Just download the Android app choose a free game from your “mixlist” and start earning units. The more you play, the more you earn! It’s a simple idea that can result in a big payday for mobile game lovers.
49. Stop Wasting So Much Money On 401(k) Fees
No one wants to still be working a 9-to-5 when they are 80. Which begs the question, when was the last time you checked your 401(k)? You likely haven’t lately because you don’t understand what you are looking at when you do (don’t worry, the confusing jargon and pie charts stump us all).
This is the year to take control of your retirement savings once and for all.
Blooom is a robo-advisor that does the work for you. It stays on top of your 401(k) plan and optimizes your investments regularly. It helps you meet your financial goals without all the hard work. Get started with an entirely free analysis of your 401(k) plan so you can understand your investments and uncover unnecessary fees. For only $10 per month after that Blooom will optimize your investments and minimize what fees you pay.
Blooom’s median client saves a whopping $106 in fees just in one year. By retirement age, the median Blooom client saves a staggering $24,257 on hidden investment fees.
Stop wasting money on fees. Let Blooom manage your 401(k)
50. Try A Staycation And Save
Vacation inevitably eats into a budget, but wanting to save doesn’t mean cutting out time off from work. Instead of spending money going somewhere plan a fun staycation that involves binge watching old movies on the couch, making margaritas, and getting a massage (feel free to ad lib here) and both save money and get some relaxation in.
51. Cut Back On How Much Of Your Money Is Going To Taxes
The robo-adviser Betterment is one of the smartest ways to invest your money thanks to its low and transparent fees, and its track record of beating the typical DIY investor by 2.66%. But there is another big advantage of investing with Betterment: saving on your taxes.
Betterment is constantly thinking about ways to lower your taxes thanks to its automated advanced tax-saving strategies. It’s able to increase its users’ portfolio by an estimated 15% over 30 years. In other words, Betterment finds huge savings for its users focusing on cutting back their taxes.
Betterment requires a $0 balance to get started, so even if you are a novice investor don’t feel shy.
Instead of seeing all of your money go to taxes start investing with the help of Betterment.