Blunder No. 1: Not Getting Free Gift Cards When You ShopPlus, when you use the link above, Stash will give you a sign-up bonus once you deposit into your account.* But if you work for a living and donât happen to have millions of dollars lying around, that can sound totally out of reach. But maybe youâre just looking for a place to safely stash it away â but still earn money. Under your mattress or in a safe will get you nothing. And a typical savings account wonât do you much better. (Ahem, 0.05% is nothing these days.) When you download the app, use the code PENNY to automatically earn 2,000 points when you scan your first receipt. Then start snapping photos of your recent receipts to see how many points you can earn without a single trip to the store! Thatâs right â you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more for as little as . The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.1
Blunder No. 2: Not Earning Anything On Your SavingsBut a debit card called Aspiration lets you earn up to 5% cash back and up to 20 times the average interest on the money in your account. But a free app called Fetch Rewards will turn them into gift cards. It partners with tons of brands to give you points for every grocery receipt you share. Then you can exchange them for gift cards to places like Amazon, Walmart, Chipotle and dozens of other retailers. A website called Insure.com makes it super easy to compare car insurance prices. All you have to do is enter your ZIP code and your age, and itâll show you your options. For Securities priced over ,000, purchase of fractional shares starts at If you owe your credit card companies ,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.
Blunder No. 3: Paying Too Much Interest To Credit Card CompaniesIt takes two minutes to sign up, and itâs totally secure. With Stash, all your investments are protected by the Securities Investor Protection Corporation (SIPC) â thatâs industry talk for, âYour moneyâs safe.â2 Enter your email address here to get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash. Your money is FDIC insured and they use a military-grade encryption which is nerd talk for âthis is totally safe.â But with an app called Stash, it doesnât have to be. It lets you be a part of something thatâs normally exclusive to the richest of the rich â on Stash you can buy pieces of other companies for as little as . So when you start to think youâre worse off than your parents, or your nephew, or your friends, remember that allÂ 20-somethings have made mistakes that can cost them big time. AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau. 2To note, SIPC coverage does not insure against the potential loss of market value.
Blunder No. 4: Paying Too Much For Car InsuranceThe Penny Hoarder is a Paid Affiliate/partner of Stash.Â Youâre probably thinking: I donât have the time or money for that. But your application can take minutes â and you could leave your family up to million with a company called Bestow. You should shop your options every six months or so â it could save you some serious money. Letâs be real, though. Itâs probably not the first thing you think about when you wake up. But it doesnât have to be. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017. Nobody is perfect when it comes to their finances â even millionaires slip up sometimes.
Blunder No. 5: Thinking You Donât Have Enough Money To InvestTake a look at the Forbes Richest People list, and youâll notice almost all the billionaires have one thing in common â they own another company. 1Not all stocks pay out dividends, and there is no guarantee that dividends will be paid each year. What do you usually do with your receipts? You check out, they hand you a mile-long piece of paper, and you frantically stuff it to the bottom of a grocery bag. Pretty worthless. If you have credit card debt, you know. The anxiety, the interest rates, the fear youâre never going to escapeâ¦ Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.Â But if youâre guilty of making some of these blunders, donât fret. You can still redeem yourself! Here are some of the worst blunders you can make, and tips to help dig you out of the hole.
Blunder No. 6: Assuming Life Insurance Is Expensive And Time ConsumingNot too shabby! If youâre under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow. And the truth is, your credit card company doesnât really care. Itâs just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help. Not so bad for a useless receipt, right? Yup. That could be 0 back in your pocket just for taking a few minutes to look at your options. Have you thought about how your family would manage without your income after youâre gone? How theyâll pay the bills? Send the kids through school? Nowâs a good time to start planning for the future by looking into a term life insurance policy. And itâs perfect for those of us who donât want to put a ton of work into this. All you have to do is send Fetch a photo of your receipt, and it does everything for you. No scanning barcodes or searching for offers â and you can use it with any grocery receipt. Using Insure.com, people have saved an average of 0 a year. *Offer is subject to Promotion Terms and Conditions. To be eligible to participate in this Promotion and receive the bonus, you must successfully open an individual brokerage account in good standing, link a funding account to your Invest account AND deposit .00 into your Invest account. Youâve probably heard the best way to grow your money is to stick it in a savings account and leave it there for, well, ever. Thatâs bad advice. Source: thepennyhoarder.com
Whenâs the last time you checked car insurance prices?