4 Things You Need To Do With Your Money If You Are Earning Over $75,000

Kenny Sokan
November 21, 2019
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Life is pretty good if you are making $75,000 a year. So what’s the next step to make with your money?

Figuring out how to build off the progress you’ve made so you can get to the place you want to be financially. If you don’t know what those next steps are, don’t worry. We’re here to help.

Here are a couple of things to do with your money now that you are earning so you can really start making the most of your money.

1. The Zebra – Save up to $670 a year on car insurance

You know that car insurance company that you’ve stuck with for the last couple of years? Well, you’re more than likely overpaying. If you want to check how much you could save, The Zebra.

The Zebra lets you instantly compare your current insurance price against over 100 providers nationwide. Just tell Zebra a bit about yourself, your driving experience and coverage needs and within seconds the app will pop out side-by-side comparisons from dozens of insurance companies. When you see a quote you like, you can apply for a better car insurance policy online or over the phone with an agent and get coverage right away.

The Zebra saves its users an average of $670 a year. What would you do with an extra $56 a month?

See how much you could save on car insurance using The Zebra

2. Stash – Invest your extra money into the stock market

If you haven’t dipped your toes into investing yet, now is absolutely the time to do it. Investing is the only way to grow your money significantly over time.

Yeah, I know what you’re thinking — investing requires lot of money and specialized knowledge. Luckily, apps like Stash make investing easy, simple and cheap.

To start investing with $5 here’s what you need to do:

  1. Open a Stash account for free
  2. Deposit as little as $5 to start buying fractional shares of your favorite companies or ETFs. If you don’t know where to start, Stash can recommend stocks and ETFs based on your interests and priorities.
  3. Set up regular investments and watch your money grow!

Sign up for any of Stash’s subscription plans which begin at only $1 per month. That means you can start investing for less money than your daily coffee.

Make your first deposit today and start investing with Stash

3. Fiona – Ask this company to pay off your credit card debt

With each day your credit card balance goes unpaid, your debt collects interest — and credit card interest rates are no joke. Now that you are making good money, the best way to pay off debt fast is the refinance it with Fiona.

Debt consolidation 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 sooner you pay off your credit cards, the more money you’ll have every month. Remember: You haven’t worked this hard to see your hard-earned cash go to paying credit card interest. There are much better uses for it.

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.

See how much debt consolidation could save you now

4. Credit Sesame – Check if your credit score is holding your plans back

It’s always a good idea to keep an eye on your credit score as a poor credit score can prevent you from taking out a loan, buying a car, buying a home and more!

The easiest way to check your credit score and see if it’s holding you back is to use Credit Sesame.

Credit Sesame lets you check your credit score anytime, anywhere, for free. Here’s how:

  1. Sign up to Credit Sesame – to get your free credit score, free credit report card, and free credit monitoring.
  2. Quickly find out what is affecting your credit.
  3. Get personalized recommendations on how to use your credit more wisely and fix it.

Given one in five people have errors on their credit report, checking your credit score today could help you achieve your life plans sooner.

Check your credit score for free using Credit Sesame

Feature Image: Twenty20