How To Save Money | MyFinance

A few months ago, I was like so many… I had no savings in my account whatsoever. Then over a span of just a few weeks, I followed this incredible plan and now have thousands in savings.

I didn’t change my job. And I definitely didn’t have time for a second job. Instead, I focused a few minutes each day on changing my finances – making sure that I never put in more than 20 minutes of effort in a day.

But I’m not here to preach. Instead I’m hoping that by telling you how I changed my finances, I can help you break the paycheck to paycheck cycle too…let’s get started: 


1. Get Paid To Watch Fun Videos & Take Surveys

The very first thing I did was sign up for

InboxDollars

​which pays you, in cash, to watch fun videos & take surveys….they’ll also give you a $5 free bonus just to give it a try.

By spending just 5-10 minutes per day on this (either on my lunch break or during TV commercial breaks) I was able to earn an extra $50/month.

The most important part here is that your quality of life and free time is minimally interrupted so that you don’t even notice. Sure you could get a side job, but who wants to work all day? That’s why

InboxDollars

is so great.


2. Save 75% on Car Insurance By Comparing Rates

Yes, I know you already know this… But, what you may not know is that car insurance companies make all of their money off of people that have been with them the longest. Don’t believe me? Have you had a clean driving record? Have your premiums stayed the same or even gone up over the past few years? 

See Your Rates For Free

They think you won’t leave once you’re with them, so they charge whatever premium they want. Personally I used

Quotewizard

to compare rates and switched from Geico to AllState, but insurers charge different premiums for every state, so select your state below to find your best rate (for free)!


3. Stop Paying High Interest Rates On Credit Card Debt

When I decided to get serious about saving money, I had about $2,000 in credit card debt. My old card had an 18% or so APR, so I was paying almost $400/year in interest alone. 

I was able to cut this unnecessary expense completely by signing up for

Chase Slate.

Chase Slate is a balance transfer card, which means you can transfer your current debt from any type of credit card (all with no fees), and pay 0% interest for 15 months on your current debt amount. With no interest for 15 months, I’m now steadily paying down my balance with my savings from all the other steps, which will save me $400/year in interest payments alone. 

Chase Slate

Pay zero interest for 15 months. No transfer fees
Learn More

And if you’re credit isn’t great or need some special help, then check out

Curadebt

– they have a team of professionals who can analyze your finances and help provide expert relief no matter what your situation. And right now they’re currently offering MyFinance readers a 100% free consultation. All you have to do is sign up.

100% Free Consultation

Get a free debt consultation from a team of professionals
Learn More

If you don’t know your score current credit score, you can also check, completely free, with

Free Score 360

Not only will they show you your score, but as part of their service they’ll help you identify the different factors that impact your score and how to improve them…all for free.


4. Drive With Uber in Your Free Time

The next thing I did was register to drive with

Uber

– if you have a car, it’s a perfect way to make a little extra cash whenever it’s convenient for you. You might be saying to yourself, “hey you said you didn’t get a second job”, and technically I suppose you’re right, but here’s why I didn’t see it as a second job, I think you’ll agree:

Once you’re a driver you can choose to turn the app on or off and drive whenever you have a few minutes to spare. They also have a great feature that allows you to select your destination, so what I would do is turn the app on as I was leaving work (or any other long commute), and pick up a ride that was going in the same direction. I did this 3-4 times a week on my hour commute, and was making up to $275 each month! 

While this was some nice extra income for me, I’ve also heard stories of people increasing their income by 2-3x. According to Uber the national average in April 2017 was $601 a week…not bad, right?


5. Save $1000’s By Refinancing Your Home

If you own a home and haven’t yet taken advantage of the historically low refinance rates, you’re probably spending way more than you should be on your mortgage. Save Thousands, by simply refinancing your mortgage ​at a significantly lower interest rate – I was able to lower my rate by around 1%, which on my $200K mortgage, saved me over $100/month and over $40,000 in total over the course of my loan!   

You can use this free calculator to see how much you could save!

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Keep This Going…

If you’ve done everything that I did, and didn’t spend the extra money, in a few months or so you should have saved and earned a total of at least $1,000. $1,000 is great, but what’s better? $5,000. You’re really not that far away if you can keep this going.

I’ve always been super competitive, so I made a game out of trying to save more and more each month, and even challenged my family and friends to see who could save the most. Click the share button below to see if any of your friends/family want to do the same! 

Get Started Today!

There is no timeline here because ultimately the quicker you perform all of these, the more you’ll save this year. I don’t know about you, but every day stressing about finances was a wasted day.

One final thing I’ve learned: The biggest mistake I made for years was never really getting started. So don’t let that happen to you… Take the following steps listed below and get started today!

Take The Following Steps Today!