With high bills, student loans, and more, it’s no surprise that almost 50% of Americans don’t even have $500 saved for emergencies. Considering that there could be an impending accident around the corner, take this as note to start saving and put something aside for an emergency.
To start saving, create an budget with your income, put an percentage aside for bills, rent, food and spending but also to put away in the bank. Other ways to help yourself save would be to take advantage of cash back credits cards to coupons!
Cash Back Rewards
A way to earn some money back for your everyday purchases would be cash back credit cards. There are so many credit cards these days that will reward with every swipe you make. Check out our best Cash Back Credit Cards!
Stop Paying for Vacations
Avoid paying for hotels and flights out of your pocket and instead check out travel rewards credit cards. These cards usually award you points for everyday purchases without traveling. Some select credit cards will even offer you perks such as free check-in, priority seating and more with their cards. Start the year off right and apply for a travel card and accumulate points towards a free stay or flight!
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards.
• 5X points on travel purchased through Chase Ultimate Rewards
• 3X points on dining
• 3X points on select streaming services and online grocery purchases
• 2X points on all other travel purchases
• 1X point per $1 spent on all other purchases
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
This card carries a $95 annual fee.
Stop Paying High Interest Rates
Credit card debt usually have an inflated, ridiculous high interest rate and the easiest way to get out of debt is with balance transfers. Which is when you move your debt from one card to another. With this you’ll be able to consolidate all your debt into one card and even avoid paying the interest for a tiny of time while you pay it. Check out our best cards for 0% APR on Balance Transfers & Purchases!
Use Coupons With Groceries
Couponing can be tedious but you can potentially save so much over time. If you hate flipping through catalogs, consider online coupons. Becky Crocker, Pillsbury and Tablespoon emails coupons right into your inbox for your savings. Just consider making a spam email for all these so your personal one won’t be cluttered with all the spam.
These days you can get paid for easily doing online surveys. Register on a marketing research site such as Harris Poll, MySurvey, Springboard America, and Survey Junkie. Log in and start answering surveys to earn you points, which you can usually redeem for gift cards or a PayPal certificate. Just make sure to log in weekly as they run different promotions each week.
Stop Overpaying Car Insurance
If you haven’t sign up for your auto insurance this year, then maybe consider switching. Auto Insurance companies know that once a customer signs with them they won’t bother checking other rates when you’re with them. Additionally, if you haven’t gotten a ticket or been in an accident in years, you probably qualify for a lower rate.
Refinance Your Home
Refinancing rates are still low so if you have good credit, make sure to considering refinancing to get a better interest rate and term. With this you can lower your monthly payments to the amount of interest you pay.
If you don’t have an emergency fund, consider this as the universe’s sign you should get one. Take advantage of cash back and travel credit cards to earn something back with every purchase you make and/or use miles toward an award flight or stays.
Additionally, consider refinancing your house or comparing rates of your auto insurance and see if you can get better interest and more. There are so many ways to Save Money, but here are 7 Smart Ways that we focused on!
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