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 or Amazon for just $1
Stock shares in companies you trust, such as Apple or Amazon, can be very expensive for beginning investors to buy.
The good news is, Stash allows you to start investing with just $1 and you can buy fractional shares so you can afford to get a piece of companies that are household names. You can also find useful tools and guides to help build you a portfolio.
For a limited time Stash will give you $5 to invest when you make your first investment.
Leave your family up to $1,000,000 starting at just $8 a month
A life insurance policy can help ensure that your family is taken care of in the event of your death. While no one likes thinking about that possibility, it’s important to be prepared for it nonetheless. Luckily, you don’t have to spend a fortune or fill out lengthy paperwork to apply for coverage.
With Bestow, the premiums start as low as $8/month. If approved, you can see your actual policy within just a few minutes and obtain coverage from the comfort of your home. Head to Bestow to get a quote in seconds.
Save up to $610 on car insurance
Car insurance can be expensive, so you want to make sure you're not overpaying on your current premium.
It's easy to search and compare quotes with Provide Insurance. Think of it as Kayak, but for car insurance.
They can help match you to insurance carriers and regional agencies to help you save on your car insurance. Provide can save drivers up to $610 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.
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% since 2000.
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 $1,000 account minimum to get started, you can invest as little as $20 in each work.
Skip The Waitlist: Use our link to schedule a call with Masterworks today, and get exclusive access to bypass the 8,000 person waitlist!
Add up to $720 to your savings with Truebill
Truebill has helped save its members over $50,000,000 on their bills without much time and effort.
With the help of Truebill, you can automatically negotiate your internet and phone bills down without lifting a finger.
They work with all major providers - including Comcast/Xfinity, Verizon, AT&T, Time Warner, and DirecTV - so you can finally stick it to the cable company!
Open an account today and see how much you could be missing out on.
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 by May 30, 2020, use your Aspiration debit card to make at least $1,000 in purchases by July 31, 2020 and you’ll get $100!
You’ll also be eligible for up to 10% cash back on purchases and up to 1.00% APY on your balance!
Not to mention unlimited fee-free withdrawals at over 55,000 ATMs and best of all there’s no minimum credit score!
Earn piles of cash with a high yield savings account
With so many savings account options to choose from, it can all be a bit overwhelming. Factors like APY, minimum balance and fees are incredibly important when making your decision. You could get stuck with a low yield or hidden fees. Luckily, we've made it easy for you to pick the best option to start earning interest today! Check out our list of top savings accounts for May 2020.