MoneyHax –Tips to Help You Earn, Save, and Invest Extra Cash
Quick tips and strategies on earning money, investing extra cash, saving through offers you may be using already, in addition to getting some time back. Mission To provide money saving tips and earning opportunities that are real, quick to read, and relatable.
So, someone convinced you to start squirreling away your hard-earned pay in a 401(k) for some distant retirement day. You did the right thing, but now that money is sitting there, you can’t touch it, and it’s not, um, growing! We’re super excited about blooom (yeah, with three o’s). Here’s why: In under 5 minutes, you can get their web app and use blooom’s proprietary automated technology to analyze your 401(k) for free.
Want to make some changes? You’ll learn how to optimize your 401k options and minimize hidden fees. Those little fees that mutual funds charge you to manage your money add up astronomically over the years. Fees are buried in a fund’s prospectus—requiring a load of math and a law degree to truly understand how that particular version applies to your unique situation. The guys at Blooom offer a fee calculator that can give you a clear picture of what those fees are costing you — without requiring you to obtain a degree in advanced mathematics. The beauty part is that their service does not require you to move your account. And, it doesn’t matter where you work, where your 401(k) is held; or the size of your account. The Wall Street Journal called Blooom, “One of the best online tools for retirement planning.” And Fast Company named Blooom as one of “The World’s Most Innovative Companies of 2015 in Personal Finance.”
So, like we said, the analysis is free. Then, if you decide to hire Blooom to manage your account, the fee is — are you ready for this? — $5/month for accounts under $20k and $19/month for accounts over $20k. A flat Fee of $10 per month!
That’s crazy! Most investment managers charge a percentage of your portfolio — frequently in the 1-2 percent per year range. Even the new so-called robo-investment products charge an average of .4 percent of your portfolio annually. (Robo-investing is the very hot new alternative to investment advisory services. With robo-investing, your money is managed using algorithms, so no direct human involvement is necessary once the plans are set up.)
Blooom can help you with any kind of employee-sponsored retirement plan, whether 401(k), 403(b) or TSP. The three founders of Blooom — Kevin, Randy, and Chris — are investment advisors by training who spent their early years in the field of “wealth management.” Watch their hilarious video, in which they parody their role as toadying up to rich ladies by painting their toenails for them and performing various other humiliating tasks.
After learning their trade, the Blooom founders realized there are 90 million Americans participating in 401(k) (or similar) retirement plans who either don’t have large enough accounts to attract the help of a traditional face-to-face advisor or don’t have the time or inclination to manage the account on their own.
Does that sound like you? Do you perhaps have better things to do than manage your far-away, retirement money? We know a lot of smart people with heavy-duty degrees, math, business or the like, who have a) a full-time job, b) kids, c) wife or husband, d) last but not least, hobbies or sports that keep them plenty occupied. Who needs the aggravation of rebalancing your portfolio at regular intervals or micro-managing your choices based on performance and fees.
Speaking of fees, the smart money on Wall Street figured out long ago that all the big money being paid to investment advisors was basically money down the drain. Sometimes advisors were right. Sometimes they were wrong. Aggressively shifting money around from one investment vehicle to another was expensive and the costs outweighed the gains most of the time.
Even more importantly, the detailed mathematical analysis showed that the one consistent factor in successful investing was not picking stocks or other investment products, but reducing fees. (Read this very interesting Forbes article on how fees suck the blood out of your portfolio.) The principle of fee-reduction is at the core of Blooom’s ingenious program. In your free analysis, Blooom scours your company’s 401(k) choices to map out the lowest fees and translate the ratio into actual dollars. You can take that free advice and move your money into more optimal funds with no obligation. Or, you can sign them up to keep track of your account and continue to look for the best pricing and lowest fees for years to come.
Long story short, in case it’s not completely obvious, we’re really impressed with Blooom, both for the logic of their program and for the super-low cost. Check it out!
Love being around dogs? A web-based directory of dog walkers provides a natural outlet for potential clients. Luckily there is a slew of great apps to get you onto the dog walking job industry. For those who like to earn a bit of extra cash watching their favorite animals, dog walking (and housing) services like Rover can undoubtedly be a great way to make a bit of cash. Sending your dogs to a strangers house, on the other hand, can come with doubt. But fear not! Rover has proven to be a great resource for dog families.
Dog Walking is Easy!
Looking to Book a Dog Walker or Boarder?
There are a few things you could do to make sure your experiences with these apps go well. For one, you don’t need to uproot and take your pet, because Rover does offer Pet Parents who can watch your dog in their domain, your house, or if you don’t mind bringing your pet to their domicile, that is also an option.
Yes, you’ll be pleased to know that each Pet Parent who signs up to house sit on Rover, has to complete a background check. Also, you’ll be able to meet and greet for free at no extra charge. Use a list of thousands of applicable Pet Parents to find the one that fits your needs.
Happy Dogs Rejoice!
Once booked, the best part of using Rover is that you’ll always be in contact with your Pet Parent. Those who are active as a Pet Parent know that taking pictures of your pet and sending you the communication is a great tool to provide you updates regarding your time away from your favorite animal. Interested in booking or finding out more?
Ever want to sign up for renters or home insurance without going through any significant hoops or loopholes? It’s now easier than ever to sign up for all kinds of insurance. Fabric, for example, makes it super easy to sign up for life insurance…and also create a Will along the way. Well, now there’s a new company that is rising in popularity and rightfully so.
Text With Your Next Insurance Agent
Lemonade, a certified B-CORP, is an insurance company that operates much like a social insurance company. They have an app that allows you to instantly chat with an associate and give you competitive insurance rates. Their rates are low due to being fully digital (no large corporate rental space), along with being a B-CORP whereas most of the profits are used for donations and other socially conscious areas. Because it’s so accessible and user-friendly makes Lemonade a realistic competitor of the major insurance companies like Geico and Allstate.
Instant Home and Renter’s Insurance with Lemonade
How Low Does it Go? (Pricing)
Lemonade offers one of the best pricing options you can get with an insurance company as low as $5 a month for Renters and as low as $25 a month for Homeowners insurance. These rates will vary though, depending on your home’s situation, location, etc.
New Company is Still Expanding
The drawback here is that they only offer a few services like rental and home insurance for now. Also, the service is only available in these locations:
With the rise of social insurance companies like Lemonade, Metromile, and Fabric, there is always new Money Hacks with insurance!
You can save just by being loyal to one gas brand. Sure, you can take credit card offers that save you on gas, but outside of fuel, most of the cards offer little additional perks. Shell seems to have an answer with their loyalty program, Fuel Rewards. Sign up, and automatically save 5 cents on every single gallon you purchase through Shell. Yes, it is that simple. The benefits of this type of loyalty program are that you don’t need to accumulate points, unlike the way Plenti Rewards works.
Yay! Full Tank!
Get More Gallon Savings with Fuel Rewards
There are additional saving options when it comes to the Fuel Rewards program at Shell. Link any credit card (Discover excluded), and you may earn supplementary per gallon savings.
Shop at participating grocery stores
Dine at participating restaurants
Participating hotel and car rentals
Fuel Rewards Online Shopping Portal
Fuel Rewards “Gallons” Back Shopping Portal
Just by having any kind of Mastercard (Credit Card) you’ll be eligible for an initial bonus. We don’t know why this is, but perhaps Fuel Rewards’ own credit card is operated through a Mastercard and there is some sort of deal there. Good for us!
Loyalty Alternatives to Fuel Rewards
Shell offers many locations and options to boost your Fuel Rewards savings, but for many, there may just not be enough to utilize the program. There are other options abound!
By linking your (Mastercard) to the Fuel Rewards program by Shell, you’ll be saving money at the pump. With fluctuating gas prices, it’s nice to have a stable bonus within this kind of expense, therefor we totally recommend you try it!
If you know what you’re doing, then investing is one easy process. If you don’t have a clue what you’re doing, then investing is going to be one big ball of mumble jumble that you’re just not going to understand. Getting the ball rolling is probably one of the hardest parts, but maintaining your investments to make sure that you’re making a return is another altogether! But, the one benefit of investing is that there are just so many different routes for you to go down, all of which have their own pros and cons. So, if you think investing is hard at the minute, we’re going to show you just how easy it can be, and just how hard you can make it for yourself if you do the wrong things. Have a read on to find out more.
Make It Easy For Yourself
Cutting corners is where things just start to go horribly wrong, and that really is the last thing that you want. So, think of ways that you can make it easier for yourself. One is to definitely make sure that you are armed with all of the help and advice that you need to make the right decision. Talking to financial advisors, brokers, and other investors is the best way of doing this. Another is to make sure that you have a large sum of money to commit to the investment. The more you put in, the more you’re going to get out. Make sure you’re never taking out a loan to invest, you never know whether you’re going to make a big enough return to actually make a profit.
To get started, do something less risky. We feel that an app like Fundrise is a unique way to get started investing in a safe industry like Real Estate!
Always Do Your Research
There’s that many different forms of investment, both online and not, that is essential that you do your research if you want to make your investment options easy. With things such as cryptocurrency, you should definitely make sure you’re doing your research. Whilst it is a viable investment option, and you can make some money from it, there are some flaws that you need to explore. This technical analysis of bitcoin should give you an accurate idea of the pros and cons. If there is something that you don’t understand, no matter what investment option you’re going for, then you should always ask before diving in. You have to remember, one wrong move and all of the money that you’ve invested could so easily go down the drain.
Believe in a stock? Try Robinhood!
How You Might Make It Harder
There are many ways that you could make it harder, one of which we have already discussed. If you’re putting in more money than you can afford, then you’re obviously going to be taking a risky gamble. But you can also make it harder for yourself with poor maintenance of the investments that you’ve made. You should be constantly on the ball, making sure that you’re looking out for any new investment options, or ways that you can double your profit with the investment option that you’ve already taken.
Litecoin has become a popular choice for those seeking an alternative cryptocurrency to invest in. There is no denying that Bitcoin has ruled the roost for quite some time now. However, with the price of Bitcoin being a lot more expensive than it once was, a lot of people have decided to look for the next big thing, and many believe that Litecoin could be exactly that. If you fall into this camp, read on to discover some useful tips that will help you when investing in Litecoin.
Do the Litecoin dance
Do your homework – There is only one place to begin, and this is with doing your research. A lot of people have jumped on the cryptocurrency bandwagon because their friends have done so or because they have heard about people making thousands from Bitcoin. Good for them, but this does not mean that you should dive in without any understanding of the market and what you are investing in. Litecoin presents a rare and unique investment opportunity, and it needs to be treated accordingly. Take the time to read white papers and broaden your knowledge before you take the plunge.
Stay in the know – Litecoin and other cryptocurrencies are very much impacted by what is going on in the news. It only takes a hack or proposed legislation for the value to go crashing down for a while, and equally the opposite can happen and the value of your investment can skyrocket. This is why you need to stay up to date with everything that is going on.
Never invest more than you can afford to lose – This is a vital rule to follow with most investments, and Litecoin is certainly one of these. You need to remember that cryptocurrencies are in the very earlier stage of development, and this in itself is a risk. You should never invest money that you cannot afford to lose, as there is no guarantee that the value of Litecoin is going to continue to go up and up.
Store your Litecoin in a secure wallet – The importance of looking for the best wallet for Litecoin cannot be ignored. The last thing you want is for your cryptocurrency to disappear because a hacker has got his or her hands on it. Cybersecurity is something that every investor needs to take seriously, and finding a secure and trusted wallet is always the first step in this.
Diversify effectively – Last but not least, diversification is vital for any investor, as this is an effective method for mitigating risk. Make sure you have a diverse investment portfolio so that you are protected if Litecoin crashes. This could include altcoins, as well as more traditional assets, for example, stocks and bonds, or even both.
If you are planning on investing in Litecoin, make sure you take note of the tips that have been provided above. You can start pretty easily by looking into Coinbase, the popular cryptocurrency app.
As is the case with any cryptocurrency, Litecoin can certainly be a profitable investment to make, but it can also be an incredibly volatile one, so you need to know what you are getting yourself into.
Life is incredibly unpredictable, which means that things can go wrong completely out of the blue, leaving you stressed and out of pocket. This is why it’s vital that you’re always covered by insurance. Unfortunately, many types of insurance are often viewed as an unnecessary expense, with dental being one of them. A routine trip to the dentist can easily cost you hundreds, with more complicated procedures hitting the thousands. Dental insurance makes this more affordable, so here are five tips to help you find a great insurance plan.
Tim Watley is a great dentist! You should find what insurance he uses!
Start Looking Right Away
The last thing that you should do is put off looking for dental insurance until you need work done. Most insurance plans come with a waiting period, which means that you won’t be covered for certain procedures until the waiting period is over. This means that you’ll have to wait even longer to get help or will have to pay for the dental work, making the insurance useless. To be safe, it’s sensible to start looking as soon as possible, so you’re fully covered sooner.
Don’t Forget The Dentist
Most people have a dentist they like and have visited for years, making them resistant to finding a new one. If this is the case for you, then it’s important that you check that the policy you’ve been looking at is accepted by your current dentist. Yours may not, so you should find out whether or not they do before it’s too late. If they don’t, then you should find out whether the plan covers you going out of network.
Check What’s Covered
Before you decide whether or not a dental plan is for you, it’s vital that you go over the fine print carefully, so that you can get a clear picture of what is and isn’t covered. You may be looking at a full coverage dental plan, but this means something different to every insurance provider, and may not give you as much coverage as you think. Chances are, there will be a few procedures that you have to pay for yourself, so make sure that these are things you can afford.
Beware Of Cheap Plans
If you’re on a budget, then you’re likely looking for the most affordable insurance plan that you can get your hands on, but that doesn’t mean that you should go for the cheapest option. After all, there’s no point in saving now, only to have to pay out later, because your insurance doesn’t cover half the things you need it to. You need to take benefits, what is and isn’t covered, and cost into account before making any decisions.
Consider Getting A Group Plan
That being said, there is a way for you to make your plan cheaper without sacrificing any benefits. Group plans are almost always cheaper than individual policies, so make sure you ask your employer if they offer dental benefits. If they don’t, or you happen to be self-employed, then there are still ways for you to buy a group insurance plan, for example, through a trade association.
Dental insurance can save your teeth and your pocket, so use the tips above to find the best plan possible for you.
It’s easy to get lost in the debt that credit cards come with. Every time a credit card has been swiped or inserted into a card reader, you are essentially letting another company bill you at a later point. It’s not your money you are spending, rather debt you are accumulating. Credit Cards are certainly tools to help you gain rewards, increase credit, or perhaps purchase things that are essential to your life, including medical bills. However, if you don’t pay off your card daily, weekly, or monthly you may tend to let a balance keep growing until it’s totally out of reach for you or your family. It’s a scary situation to be in, and one that will limit your financial dependence.
The Solution Has Arrived
Sure you can pay your bills easily through the dashboards that most of the credit cards come with, and we are actually big fans of American Expresses’ Easy to Use interface, but can it be any easier? Debitize, a new company that is revolutionizing the way you utilize credit cards is here. The app can be summed up easily: Turn Your Credit Card into a Debit Card…FREE
It’s 2018, and with Wi-Fi, 5G Super Fast Internet, etc…why are we still driving an average 10 hours a work week on the interstate? For corporate managers, it’s the idea that having no real knowledge or proof of works completed that make it be too much of a hassle. Most of the common rat-race employees are desperate to gain more perks due to declining pay, work at home or remote work seems like the logical next step for our economy. Depending on your position at work, if you only need a PC to work with, you are likely thinking of remote work!
For managers, if you are not willing to give Remote Work in today’s work environment, you are only buying time with your employees. It’s a real benefit and an even more realistic possibility due to the way the web works.
The Golden Truth is: An employee can indeed work at home, and do the same tasks following 99% of the job description.
And now, if the employee knows that, and you are not offering some sort of remote option, they will probably start looking for it. The Millennial generation is tired of seeing House Hunters with large budgets but no defined path on how they could actually buy a million dollar home. (Why are job titles on HGTV’s House Hunters so vague) And why single out Millennials for wanting a perk like “work at home.” It’s not about laziness, it’s about efficiency in one’s work/life balance.
The Internet is Perplexed, but we’re not
Traditionally speaking, let’s say there’s Bob who is a corporate worker in the early 90s:
8AM Start Commute
9AM In the Office
That’s two hours of potential time to be spent bettering one’s health, getting children ready for school and other life events. A traditional 9-5 doesn’t pay you for those two hours either, in fact, you pay them exponentially with time and money spent (gas, tolls, etc.)
So when can we expect remote work to be the norm? We give it another 10-15 years for at least a mandatory 2-day option to work remotely. By that time, we’ll be utilizing even stronger web commerce, and most jobs will shift from in-house customer service to web customer service. In the meantime, start looking into the top remote jobs and convincing your boss to work from a c-sharing space if control is what they desire.
Food apps are increasingly more and more useful for finding restaurant reviews, grocery store coupons, ordering delivery and other fun foodie things. They can also help consumers be more ethical eaters through a few taps and slides. Here are free food apps that can help you make more ethical food choices.
Are you a fan of pretzels? Trick question, of course, you are. Download My Pretzel Perks, and you can get a free pretzel from Auntie Anne’s after your first purchase. Plus, you get a free pretzel each time you spend $30 on the app. To be honest, that sounds like the perfect excuse to buy more pretzels.
Auntie Anne’s Famous “bucket” of bites
Baskin Robbins оffеrѕ ѕоmе vеrу exciting frееbіеѕ to thоѕе who dоwnlоаd thеіr арр. Doing ѕо аllоwѕ уоu to еаrn a ѕсоор of ісе сrеаm. Plus, you gain access to various coupons and promotions that are available at different times of the year. With this app downloaded on your mobile phone, you will get regular updates on new products and flavors as well as the option to pay via your mobile phone.
There are no free donuts when you download the Dunkin’ Donuts app. But уоu саn get a frее bеvеrаgе uроn jоіnіng, оn уоur bіrthdау, аnd еvеrу tіmе thаt уоu spend $40. If you’re still stuck on the free donuts thing, don’t worry — the chain usually gives out free donuts on National Donut Day.
It’s a Donut “Slam Dunk!”
Honestly, Domino’s is about as essential to the average college student as textbooks or Uber. Download the Domino’s Pizza app and get a free medium pizza each time that you reach $60 on the app. Stalk the online delivery status on their famous delivery app!
If you have never tried the signature Slush from Sonic then now is the time to make up for it. Only download the Sonic app, and you will get your first free Slush.
Rita’s Ice mobile
Thе Rіtа’ѕ Ice mоbіlе арр frоm Rіtа’ѕ Itаlіаn Ice ѕtаrtѕ to work аѕ a digital rеwаrd card аѕ ѕооn аѕ уоu dоwnlоаd the app. And, after making eight purchases, present the app to the store and get a free regular Italian Ice, Frozen Custard, or Gelati.
Love Chinese food? By participating in the Panda Express Feedback Survey on each receipt you get from the fast food joint, you’ll receive a free selection. We have more information on how to do this.
We’ve already shown you how to save at Chili’s, including their infamous 2 for $22 dinner selection, but you can also earn free appetizers and desserts by signing up their reward program. Plus get an additional 7% cash back through DOSH!
Bonus: Greenease (for nutritional info)
While it’s easier to make ethical food choices when cooking at home, knowing where ingredients come from at restaurants can be a bit more veiled. Greenease simplifies that information, giving restaurant stickers for categories like “Free Range,” “Local,” “Grass Fed,” and the like.