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 6 money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.
Pay no interest on balance transfers until December 2024
Imagine getting 21 months with 0% interest on a balance transfer. Sounds great — right? You could dramatically change your financial picture with this industry-leading low-interest card - the Citi Simplicity® Card.
If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR on balance transfers for 21 months. Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!
It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 12 months on purchases. After the intro period for purchases and balance transfers, the APR is 18.49% - 29.24% (variable).
The best part? There's no annual fee.
Prepare for market volatility by diversifying with gold
Stock market volatility can be financially harmful, especially if you’re approaching retirement. You could park your investments in a savings account, but have you compared interest rates with inflation lately? Another option to consider — diversify with precious metals like gold and silver.
Precious metals values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.
Lear Capital is a reputable precious metals dealer that has specialized in precious metals IRAs for 25 years with over $3 billion in precious metals transactions since 1997. They have a AAA rating with the Business Consumer Alliance, and they make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA.
Lear Capital offers a free precious metals investor kit to help you learn more about why physical gold and silver could be a smart choice for diversifying your portfolio, and how the process works.
Diversify your portfolio with gold
Get out of $10,000 or more in debt
If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?
National Debt Relief could help. If you have more than $10,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly payment.
Best of all? There are zero fees until your debt is resolved, and you could be debt-free in 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!
Stop wasting money on overpriced car insurance
We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.
This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.
Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.
Get up to $10,000+ … $50,000+ … $100,000+ out of your home
Are you a homeowner who needs cash now? AmeriSave 2 could help you get the cash you need out of your home’s equity.
How: A cash-out refinance. (And the process is easier than you might think.)
The amount of cash you could get — as much as $10,000, $50,000, $100,000 or more — depends on how much equity is in your home and whether or not you have a minimum of 650 FICO score. Use this tool, enter a bit of info, and see how much you qualify for!
You’ll still have monthly payments like before, but with a cash-out refinance, you’ll have a low-interest way to borrow cash that helps consolidate debt, pay for home improvements, or even take a vacation. Enter your home address here to see how much you could get.
Earn a $200 cash rewards bonus with this incredible card
The Wells Fargo Active Cash® Card is a powerful rewards card that offers an extended intro APR period. New cardholders can earn a one-time cash rewards bonus — $200 cash rewards bonus after spending $1,000 in the first 3 months AND earn unlimited 2% cash rewards on purchases!
If you’re looking for a powerful rewards card that offers an extended intro APR period, look no further, the Wells Fargo Active Cash® Card checks both of those boxes!
This card also offers an intro APR of 0% for 15 months from account opening on purchases and qualifying balance transfers (then 19.49%, 24.49%, or 29.49% variable). Which is great for someone who wants a break from high interest rates, while still earning rewards.
The best part? There's no annual fee.
Click here to apply for the Wells Fargo Active Cash® Card now.
Take this quiz to get matched with a financial advisor
Do you know if you can retire early? One of the best ways to find out is by speaking with a financial advisor. With the right moves and a little work, you could potentially retire years earlier.
But there’s one problem. Where do you even find a financial advisor?
Here’s how to find a financial advisor in the next five minutes:
1. Take this 5-minute quiz. (Yes, there are a fair amount of questions but they are all easy.)
2. Make sure you enter your zip code towards the end so you get matched with up to three financial advisors 4 who serve your area
3. Once you’ve got your matches, get a free consultation with each!
- You could save up to $500 with some companies
- Compare dozens of providers in under 5 minutes
- Fast, free and easy way to shop for insurance
- Quickly find the perfect rate for you