No matter how different we are as people, one thing we all have in common is that we hate being in debt. We are always on the lookout for ways to get rid of it. The longer it takes, the more frustrating it gets. Fortunately, there are some tools out there that can get you well on your way to being debt-free.
Advice on Which Bill to Pay First
What are your credit card balances? Do you have unpaid loans? Are utility and medical bills piling up? Are there any bills you don’t know about? It can be so overwhelming that you have no idea where to start.
The free website Credit Sesame can help. You can sign up and see your credit score in two minutes. From there, Credit Sesame will outline what you owe and to whom – including interest rates and minimum monthly payments – and offer personalized recommendations.
This will enable you to devise your payoff plan more easily. Some options include the debt avalanche method, where you first pay the debt with the highest interest rate. There is also the debt snowball method, where you pay the smallest balances first.
You can continue to use Credit Sesame to keep track of your progress and hold yourself accountable. And watching your credit score react to all your hard work can be quite fun.
You can get started with Credit Sesame in just two minutes.
Car Insurance Shopping Done for You
How much is your car insurance? You’re probably overpaying by hundreds of dollars. Experts say you should compare rates twice a year to get the best deal. That sounds about as much fun as getting a root canal.
You’re in luck. Gabi does all the shopping for you to find cheaper insurance that carries the same coverage and deductibles you already have. Customers save around $825 a year.
All you have to do is link your existing insurance account and enter your driver’s license number, and Gabi will start looking for cheaper coverage.
Even better, Gabi will keep looking for savings after you sign up. No more shopping.
Earn Up to $225 a Month Watching Videos
This will sound crazy, but it’s true: A research company will pay you to watch cooking videos on your computer. Really.
InboxDollars is the research company. You might watch someone bake cookies, then get the latest celebrity gossip. Simply choose which videos you want to watch and answer a few quick questions about them afterward.
This will not replace the income of a regular job, but it’s extra money you can put toward paying down your debt. It’s also a way to get some money instead of mindlessly scrolling through apps on your phone for free.
InboxDollars has paid its users $56 million so far. While it won’t completely pay off your debt, you can earn up to $225 per month watching these videos. You will get a $5 bonus right away after completing the 1-minute signup process.
The Starve and Stack Method
No, we’re not talking about starving yourself. This is a budgeting method geared toward couples, where they combine their finances and live exclusively off one income for 18 to 24 months. The other income is used to invest, establish a rainy day fund, and pay off debt. Jen Smith and her husband practiced the starve and stack method for two years and were able to pay off $78,000 in debt.
Free Money for Opening a Debit Card
There is a company that will give you $100 just for opening a new debit card by May 15, 2020. It’s called the Aspiration Spend and Save account.
Additionally, you can get up to 10% cashback on your debit purchases, and you’ll earn up to 14 times the average interest on the money you set aside to save (the FDIC reports that the average account earns just .07%).
Just open and fund your account with at least $10 by May 15, 2020, and use your Aspiration debit card to make at least $1,000 of total transactions by July 15, 2020. You can use your card to buy groceries and pay your utilities, and you’ll get to that $1,000 mark fairly easily.
You can sign up and earn your bonus in just 5 minutes.
Hassle-Free Debt Consolidation
You worry about your debt, while the credit card companies make a fortune off those ridiculous interest rates. Fortunately, Fiona can help you re-shape your debt in a single day.
You use Fiona to find a low-interest loan with which you pay off your credit card balances, leaving you with a single monthly bill. Also, because the interest rate is so much lower, you can get out of debt much faster.
If you’re worried you won’t qualify, it’s free and quick (just two minutes) to check online. You could save thousands.
Part-Time Bookkeepers Can Earn $60 Per Hour
The perks of working as a bookkeeper, says Ben Robinson, a certified public accountant, and business owner, include the freedom of remote working, having no commute, and earning up to $60 per hour. Robinson teaches others to become virtual bookkeepers.
And no, you don’t have to be a math wizard or have an accounting degree. All you need are decent computer skills (being able to work with spreadsheets), stay moderately organized, and a passion for helping business owners tackle real-world problems.
Median pay is around $19 per hour, according to the Bureau of Labor Statistics. It’s an excellent opportunity for parents who want a part-time job, recent college grads, and anyone who wants to bring in real money working from home.
Robinson has a free class at Bookkeeper Business Launch.