Having a huge savings account to fall back on feels wonderful. Is it easy to get there? Not always — but it’s worth it. So how can you make it easier to save?
Whether you’re looking to buy a house, launch a new business, or just want that extra financial safety net, starting a savings habit is key. By starting now, you can easily build financial security over the long term.
The best part? Starting a savings habit is easier than you might think. In many cases, you don’t even have to give up the things you love. Below, you’ll find 7 simple ways to start a savings habit. Start today, and you’ll thank yourself for years to come!
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 $5 or less.
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 more4. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 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.1 Want even more tools and guidance? If you choose the Stash+ plan2 when signing up, you can earn 2x stock rewards when you spend on eligible purchases!5
Turn your $500 into $1,000 without even thinking about it
Wouldn't it be nice to double your savings? Having some extra money in your emergency fund is a good feeling.
If you need a little boost for your savings, consider Digit. It's like your smart financial assistant, dedicated to helping you achieve your financial goals. Just tell Digit what your goal is — maybe it's paying off credit card debt, saving for a vacation, or building that emergency fund — then let their sophisticated algorithms do the rest.
Digit will analyze your spending habits then automatically move the perfect amount to your secure Digit account. You'll start saving without even thinking about it or changing your lifestyle.
Digit has already helped its users save over $4 billion dollars!
Save an average of $560/year on car insurance in Virginia
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.
Get the cash you need without leaving home
If you need quick access to cash, a home equity line of credit (HELOC) from Figure is one of the simplest and fastest options available.
You can get a HELOC from Figure6 without ever leaving home. Whether you'll use the money for debt consolidation, a home improvement project, or a major purchase, you could have your money in days, not months.
Their online application is fast and easy to complete. There's no in-person appraisal needed and they even have online video notaries available in some locations. You could receive funding in just 5 days3 — get the money and get on with your life.
Checking your pre-qualified offers from Figure won’t impact your credit score,7 but you do need a credit score of at least 620 to qualify.
Bonus: Get smarter about money in just 5 minutes a day
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