8 Brilliant Moves If You Make More Than $5,000/Month

Last updated Jan 20, 2021 | By Christy Rakoczy
$1,000 in Checking Account

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Making more than $5,000 a month is a big milestone. But leaving the money in checking likely doesn't make much sense since most checking accounts pay minimal or no interest.

Once you've worked hard, you want to put your money to work for you. Here are eight money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.

Invest in Apple, Amazon, and other companies for just $1

Once you've paid all your essential monthly bills, you may want to take a look at what's left in your bank account and come up with an investing strategy. Even if it's not a lot of money, you don't have to let that stop you — you can start investing with just $1.

Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more7. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need $1 to get started with Stash.

If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way.

As a bonus, Stash will give you $5 to invest after you deposit $5 or more into your personal portfolio.4

Sign up for Stash now

Save up to $500 on car insurance

Car insurance can be expensive, so you want to make sure you're not overpaying on your current premium.

FinanceBuzz has made it easy to search and compare quotes. Think of it as Kayak, but for car insurance.

We can help match you to insurance carriers and regional agencies to help you save on your car insurance. FinanceBuzz can save drivers up to $500 per year compared to their current insurance premiums.

It takes less than 5 minutes to fill out the form and you'll receive a list of matches that show you online, email, and potentially phone quotes.

Click here to get started

Budget better and trim up to $720 from your bills

Ever look at your bank account and wonder where that $5k you made this month went? Poof, it's gone and you're not exactly sure where you spent it. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.

Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.

Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.

Download Truebill now

Invest in paintings by Basquiat, Picasso, Banksy

The ultra-wealthy have been flipping art for huge profits for decades and now non-millionaires can get in on the action. Masterworks is a platform for investing in blue-chip art, an asset class that’s outperformed the S&P 500 by over 180% between 2000-2018.

Masterworks purchases multi-million-dollar paintings and divides up ownership among its members. Just like stock in a company, you can own fractional shares of artwork. If the painting sells, you make money off the appreciation.

While Masterworks requires a $5,000 account minimum to get started, you can invest as little as $20 in each work.

Skip The Waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!

Click here to get started

Refinance your home while interest rates are at historic lows

One of your biggest monthly expenses is probably your mortgage. So much of your hard-earned money goes to paying for it every month. But what if there was a way to lower your monthly mortgage payment... or even pay it off faster?

If your credit score is good or excellent, you might qualify to save money on your mortgage by comparing lenders and switching by using Lower My Bills.

Just answer a few simple questions about your home and finances, and Lower My Bills will try to match you with lenders who could help you refinance. Filling out the form takes less than 3 minutes, and it won't affect your credit.

Save on your mortgage

Save the $250 you'll probably pay in bank fees this year

Bank fees are annoying, so stop paying them. There are no hidden fees~ with the Chime mobile banking app — no monthly fees~, no minimum balance fees, and they even offer fee-free overdraft — up to $100*.

And no fees~ doesn't mean no features. With Chime, you can build your savings faster by automatically rounding up your purchases, plus get paid up to two days early when you use direct deposit^.

Apply online in just two minutes — there's no credit check required.

Sign up for Chime now

Get paid $100 to ditch your debit card

If you’re using your old debit card for everything, you are probably missing out on serious cash, rewards, and benefits. With an Aspiration Spend & Save account, you’ll get $100 for opening a new debit card - just open an account, use your Aspiration debit card to make at least $1,000 in purchases within 60 days and you’ll get $100!1

You’ll also be eligible for up to 10% cash back on purchases and 1% APY on your balance – that’s 14x the national average interest rate.2

Not to mention unlimited fee-free withdrawals at over 55,000 ATMs. Best of all there’s no minimum credit score!

Sign up with Aspiration

Bonus: Get smarter about money in just 5 minutes a day

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Sign up now and join thousands of people who are getting smarter about money every day with Worthy.

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