Several banks offer promotional bonus incentives to open a new account, offering up to $350 in bonus money! I take advantage of this every year, I simply deposit their required amount and keep that account open for at least 6 months. I have made at least $150+ with Chase. The main point here is to make sure you have the amount they require to earn the bonus. If you need to close the account, make sure it's not before the required term so that you actually receive the bonus and don't incur any fees. I have opened several new bank accounts, each with a generous bonus from $100 to $350.
I'm also always on the lookout for banks that offer higher interest rates. I found out about Beam, a new online bank that will pay 200x more than other banks, with no fees - 2%-4% APY guaranteed. Be sure to be one of the first to open an account when they launch. Get all the details here. Another good option is the Capital One money market account, which has a pretty good rate.
One of my ongoing goal is to purge and get rid of anything that I don't need or use anymore. I either donate, throw away or sell them. And in some cases, I've gotten perfectly good items from friends who didn't want their stuff anymore - so when it sells, it's pure profit. It's pretty easy - just take photos of each item, add good descriptions then post them. I've sold many things on Craigslist, LetGo, Facebook Marketplace, and NextDoor. I've also sold some vintage collectible items on Etsy. Not only did I make some money, but my life is a little less cluttered and more simplified.
This is similar to the method above of "selling stuff", however, the items I typically sell at our yard sales are mostly things that I deem not worth to sell online. These items include assorted clothing, shoes, and misc knick knack stuff. Not only did we make a some cash, but we've cleared out more space in the house, which is always a goal of mine. We plan to have our annual garage sale in the fall this year. In addition, we have made some cash recycling glass bottles, cans, cardboard, newspaper, etc. at out local recycling center.
4. Use Credit Cards With Rewards
There are plenty of cash-back reward credit cards out there. I make sure I am maximizing the money I get back by choosing the proper credit card that pays back the most on any given category. For example I rotate between my Chase and Discover cards to get 5% cash-back on groceries, restaurants or gas stations. In addition, my Chase Unlimited card gives me 1.5% cash-back on all purchases, so I use this card for other items. I monitor my credit card expenses daily and I always pay the balance off every month.
My American Express card gives me 2% back on groceries all the time. I use this card when groceries is not one of the 5% cash back rotating categories on the other cards. Grocery shopping is my biggest monthly expense, so the points add up quickly! Amex is currently running a promotion where you can earn 10,000 membership reward points for referrals.
Another easy way to get cash back when you shop anywhere are with shopping apps. One of my favorite is Ibotta, which earns me cash for shopping at local grocery stores and other retailers. My other favorite cash-back shopping portals are Mr.Rebates and BeFrugal - both offer cash-back rewards for shopping online. Each of these programs offer cash bonuses when you sign up.
Speaking of sign up bonuses, from now until January 21, 2018 - when you refer a friend to Dosh, you will receive $15 for each new person you refer who links a credit or debit card. Dosh is another great cash back program. Get cash back, auto-magically, when you shop, go to a restaurant, book travel, or anything else, the Dosh app searches for cash and chases it down - relentlessly searching out offers to give you cash back.
6. Install An App That Pays
This method is one of the easiest way to make money. Simply install the app on your smartphone (my favorite is Smart Panel), the company will pay you for every month you keep the app installed. It won't interfere with your data package and you don't have to answer a bunch of survey questions. It truly is "set it and forget it". The IQ app alerts you to answer a simple question, then automatically deposits cash in your PayPal account.
I found an app that pays me for taking photos of my receipts from any shopping trip! It's easy money, plus I have copies of my receipts in case I lose them. Just download the Receipt Hog app on your smartphone, snap your receipts and watch those points accumulate which you can redeem for cash or prizes. They also have fun games, like jackpots and slots to earn more bonus points.
I've been earning money with Swagbucks for over a year now. My favorite ways to earn are... answering interesting surveys or polls, and watching movie trailers - before they hit the theaters. But there are countless more ways to make money, which can be redeemed for gift cards. You even earn a bonus just for signing up! Click here for more details.
If you want to be your own boss, where you can work as much or as little each day - there are many work-from-home opportunities for entrepreneurs. However, many of them require high up-front cost to start - which goes against my frugal nature. But alas, I've discovered a handful of companies that you can start with little to no investment. It's nice receiving residual income on a regular basis. I can proudly say that I have multiple streams that makes money! Click here for more details.
10. Lower Your House Payment
I wasn't in the market to refinance my primary residence, and I receive several junk mail from various mortgage companies enticing home owners to refinance with them. However, I got a letter in the mail that convinced me to at least call this company to find out how much I can actually save. Long story short, I did refinance and saved almost $150 a month! You can read all the details on how I did it here.
One of my goals this year is to invest in another property. About 8 years ago I invested in a mobile home by the ocean, which I paid for in cash. My boyfriend and I "flipped it" it in 4 years time and enjoyed the beach lifestyle while working on the house. We sold it 4 years after I bought it to a nice family and their bulldog who couldn't get a mortgage from a traditional bank. The solution was to finance the loan myself, along with interest- it was a win win solution! We did the renovation work upfront, which didn't feel like work because it was enjoyable, then reap the rewards for years to come. Read all about this savvy investment here.
This method is basically crowdfunding for real estate investors. It's a great way for me to invest money in real estate without shelling out a lot of money and without doing the labor of renovation. I discovered a company called Groundfloor that I can invest a little (or a lot) of money on properties across the U.S. I like that I can choose which property I want to invest in. The best part is that the returns are 6% up to 14% - you can't get those interest rates from a bank.
I love all dogs, especially bulldogs! I was looking for a way to help out rescue organizations, in addition to my regular monetary donations. I happen to be looking on Craigslist one day, and saw an ad that said "Make Extra Money Fostering A Dog". I had assumed being a foster parent was strictly on a volunteer basis. I was happy to learn I could help by providing a dog a loving home until they are adopted, and supplement my income as at the same time. I've been fostering a lovable senior dog, an Olde English Bulldoge through a local non-profit dog rescue. They save dogs from shelters, giving them a new chance at life.
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