Bolstering your savings doesn't have to mean sacrificing the things you love. You can still have your oat milk latte (if that's your thing) and build a substantial savings over the next few months. All you need is the desire to make moves, along with a smart plan. (That's where we come in!)
Whether you're building an emergency fund, saving for a vacation, or working to pay off debt, we've got 5 ways you can build up some serious cash starting today.
Get $5 to start investing in Apple, Amazon, and other companies
A smart investing strategy is key to building your savings. Even if you don't have lot of money to invest, 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 more1. 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 and you can use the Stash app to track your investments from anywhere.
As a bonus, Stash will give you $5 to invest after you deposit $5 or more into your personal portfolio.2
Save an average of $560/year on car insurance
Are you staying home and driving less? If you answered yes, you've got an opportunity to lower your auto insurance premiums. With driving and auto insurance claims down, insurance companies are offering discounts.
With Insure.com, you fill out one simple form, and in minutes, you'll get a selection of personalized quotes. You'll be able to see the best prices from top insurance companies, all in one place, then pick the one that saves you the most for the coverage you want.
On average, drivers save $560/year when they use Insure.com.
Trim up to $720 from your bills with the budgeting app that does it all
Ever look at your bank account and wonder where your paycheck 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.
Refinance your mortgage while rates are at historic lows
With interest rates at historic lows, it's a fantastic time to refinance. Refinancing your mortgage can not only help you save money, it can also help you build equity in your home faster and lower your monthly payments.
Figure offers one of the fastest and easiest ways to refinance your mortgage. You can lock in a lower rate in just minutes. The application can be completed online — there's no need to leave your home.
Figure also offers the option for a cash-out refinance (up to $500,000!) if you need money now. You could potentially replace your existing mortgage with a new one for an amount greater than what you owe then use the cash difference for home improvements, to pay off high-interest debt, or whatever you need cash for today.
Getting pre-qualified won't affect your credit score. If your credit score is at least 620 (700 for jumbo loans), see how much refinancing could save you now.
Turn a photo of your grocery receipt into an Amazon gift card
Even if you're on a tight budget, what’s one expense that won't go away? Your grocery bill.
Now you can get rewarded for your grocery bills with an app that lets you earn gift cards from pictures of your grocery receipts.
All you need is your phone and the Fetch app. After you're done shopping, just snap a photo of your receipt. Your photo earns points. Then you can redeem those points for gift cards at popular stores like Amazon, Target, and Home Depot.
BONUS: You'll get 2,000 points bonus when you enter this referral code: BUZZ before you scan your first receipt.
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.
Bonus: See if you can raise your credit scores in real time
Your credit scores affect whether you can get approved for a loan, a credit card, or even a new job. Usually it can take weeks or months to improve your credit scores, but there's an innovative new feature that could help you raise your FICO® Scores3 instantly.
Experian Boost™ can help you get credit for making on-time payments for your phone and utility bills. The process takes just minutes and if qualifying payments are identified, you can include this positive information in your Experian credit file. (Don't worry: If you have any negative marks, those won't count against you.)
Since launching, Experian Boost has collectively increased FICO® Scores across America by over 10 million points. It's 100% free and new potential credit scores take effect immediately.