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

Last updated Sept. 21, 2022 | By FinanceBuzz Editors
$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 6 money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.

Cancel your 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.

See if you're overpaying

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!

Try National Debt Relief

Earn passive income by investing in real estate

Imagine earning passive income every month just by holding a little bit of money in an account. Sounds amazing, right?

With Public, you can invest in real estate-related ETFs, or exchange-traded funds. These ETFs are like buckets that hold stocks, bonds, and other assets in the real estate sector. It doesn’t always happen, but if those assets ever pay a dividend, you could earn money while you sleep.

Thanks to fractional shares, you could get a piece of some of the hottest real estate deals in these ETFs without being a millionaire. It’s one of the most affordable ways to invest in real estate and start building passive income.

BONUS: Use the code BUZZERY and Public will give you up to $300 in stock after you sign up and make a deposit into your approved account. 3

Sign up for Public

Take this quiz to see if you can retire early

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? And how do you know you can trust them?

Our advice: Take this quiz. In just a few short questions, it can help you find qualified vetted financial advisors who serve your area based on their cost and specialty.

You even earn 3 free consultations with each of your matches, so you can compare them 4 and be fully prepared to pick a financial advisor that’s right for you.

Take the quiz

Earn a bonus worth $300 with this incredible card

There's a new credit card that's making waves with its amazing bonus and benefits. The Wells Fargo Autograph℠ Card Rates and Fees has no annual fee and you can earn earn 30,000 bonus points after spending $1,500 in purchases in the first 3 months - that's a $300 cash redemption value!

You can earn additional points just by using this card for your everyday purchases — earn unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. plus earn 1x points on other purchases.  Points can be redeemed for things like travel, statement credits, or gift cards.

If you want to travel more, the Autograph card can help you get where you want to go. 

The best part? There's no annual fee.

Click here to apply now 

Turn your home equity into cold, hard cash

If you’re a homeowner, you might have a large amount of equity in your home you could convert into cash. And you could use that money for pretty much anything … like home upgrades or paying off debt.

How? With a cash-out refinance. It’s basically swapping your current mortgage with a bigger one. And you could turn the difference between the two into cold, hard cash.

Just use this tool from New American Funding to see how much you could get. It only takes a few minutes!

New American Funding is licensed across 49 states with local branches spread out across the country. And they have a portfolio of over 235,000 loans worth more than $60 billion.

Ready to see how much money you could get? Check out your cash-out refinance rate here!

See how much cash you could get

Don't let home repairs drain your bank account

Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more. Not being able to make repairs could leave you in a bad situation — but a home warranty could protect you against surprise expenses.

Whether you’re a brand-new homeowner or you’ve owned your home for years, a plan from Choice Home Warranty could pick up the slack where homeowner’s insurance falls short.

If a covered system in your home breaks down, you can call their hotline 24/7 for assistance to get it repaired. They have a network of over 15,000 technicians that can assist you, making sure any issue can be taken care of swiftly — without breaking the bank.

Not sure if it’s for you? Rest easy: they were named one of the "Best Home Warranty Companies" by US News 360 Reviews and were awarded Best Company's 2020 Consumer's Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.

Get a free quote

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