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In school, they will teach you all the algebra. They will teach you geometry and trigonometry. They may even teach you calculus.
But they will not teach you how to think about money. There is no sir. All the differential equations in the world will not tell you how to handle your money like an adult.
Although we have all the education, our overall financial knowledge level is still too low. In fact, only about one-third of US states require their high school students to take any type of personal finance course.
Let us update our financial education with these financial management courses that you have not studied in school. Doing so can save you thousands of dollars this year.
1. Increase your funds at a rate of 16 times — without taking any risks
This is a simple lesson we are going to expand on: you may have heard that one of the best ways to increase funds is to deposit it in a savings account and then stay there forever. But this is not always the best strategy.
If you just want to find a place to hide it safely-but still make money-you won’t get anything under your mattress or in the safe. A typical savings account will not benefit you much. (Ahem, now 0.06% is nothing.)
But the debit card is called desire Allows you to earn up to 5% cash back and up to 16 times the average interest on funds in your account.
Not too shabby!
Enter your email address here 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, they use military-grade encryption, which is a nerd talk of “it’s completely safe”.
2. See if you waste $690 on family insurance every year
Unfortunately, they did not teach you the art of bargaining at school, so you may be wasting money now. It may be something you never expected-your homeowner’s insurance policy.
This is not something you actively consider-you only know that you need to have it.
The issue is, You paid too muchFortunately, an insurance company called Policy genius You can easily find out how much you overpaid. It will find cheaper policies and special discounts for you within a few minutes.
In fact, it saves users an average of US$690 per year — or US$57.50 per month. It can even help you break up with old insurance companies. (You can cancel your policy at any time, and your company should refund you.)
And just because you are saving money does not mean you are stingy under insurance. Policygenius will ensure that you have everything you need.
just Answer a few questions Get to know your home.
3. Spend $1 to own part of Amazon, Google, or other companies
Here are some things worth studying: look at the Forbes rich list, you will find that almost all billionaires have one thing in common-they own a company.
However, if you make a living by working and don’t happen to have millions of dollars around, this sounds completely out of reach.
This is why many people use automated micro-investing applications, such as Tibetan. It allows you to be part of what is usually unique among the wealthy—buying other companies’ products for as little as $1. *
That’s right-you can invest in well-known companies such as Amazon, Google or Apple for as little as $1. The best part? When these companies are profitable, so can you. Some companies even send you a check every quarter to learn about your share of profits, called dividends.
Takes two minutes Sign upIn addition, once you deposit $5 into your account, Stash will provide you with a $5 registration bonus. Subscription plans start at $1 per month. **
4. In just a few minutes, you can enjoy a discount of up to $715 per year on your car insurance
When was the last time you compared car insurance rates? Your current policy may be significantly overpaid.
If it has been more than six months since the last car insurance quote, you should read it again.
If you browse a digital market called Smart Finance, You can get rates as low as US$22 per month-saving you more than US$700 per year.
It takes a minute to get quotes from multiple insurance companies, so you can view all the best rates side by side. Yes-you can save yourself $715 this year in just one minute. This is some of the main cash in your pocket.
So if you haven’t checked the car insurance rate for a while, See how much you can save There is a new policy.
5. Get life insurance up to US$1 million; starting at only US$16/month
Have you ever thought about how your family will live without your income after you leave? How will they pay the bills? Send children to school? Now is a good time to start planning for the future by studying term life insurance policies.
You may be thinking: I don’t have time or money to do that.
But in the long run, this is a lesson: your application may take a few minutes-and you may leave up to $1 million in funds for your family to a company called give.
Prices start at only $16 per month. Knowing that your family is cared for and peace of mind is priceless.
If you are under 54 years of age and want to get a quick life insurance quote without a physical exam or even getting up from the couch, Get a free quote from Bestow.
6. Earn cash when watching cooking videos online
We remember watching a lot of videos in school. The teacher will open the video so that we can grade the paper while we watch it. But what if we told you that you can get paid for watching videos on your computer?
Unbelievably good, right?
But we are serious.A website called Inbox dollars Will pay you to watch the short film online. One minute you may see someone baking a chocolate cake, the next minute you may receive the latest news about Kardashian drama.
All you have to do is choose the videos you want to watch and answer some quick questions about them.
No, InboxDollars will not replace your full-time job, but when you are already wasting time on your phone on the couch tonight, you can easily complete the job.
Unlike other sites, InboxDollars pays you in cash-no points or gift cards. It has paid users more than 56 million U.S. dollars in fees.
Registration takes about a minute and you will immediately Receive 5 USD bonus Let you start.
7. You don’t need to pay your credit card bill this month
If you have credit card debt, you know. Anxiety, interest rates, fears you can never escape…
The truth is that your credit card company doesn’t really care. It just gets rich by blackmailing you at high interest rates.But there is a website called slim Shady Want to help.
If you owe your credit card company $50,000 or less, AmOne will match you with a low-interest loan, which you can use to repay every balance you have.
benefit? You will need to pay a bill every month.And because the personal loan interest rate is low (AmOne interest rate starts at 3.99% APR), you will get out of debt that Much faster. Also: No credit card payment this month.
AmOne ensures the confidentiality and security of your information, which may be why after 20 years of operation, it still receives an A+ rating from the Better Business Bureau.
Takes two minutes See if you are eligible for up to $50,000 onlineYou do need to give AmOne a real phone number to qualify, but don’t worry-they will not send you spam over the phone.
No longer in class
We have gone beyond trigonometry here, and you are definitely no longer in the classroom. So, how much money can you save for yourself by adopting these strategies? Hard to say. It ultimately depends on how hard you work.
But between cash back, investment income, other savings, and cheaper auto and home insurance transactions, your bottom line this year should be very different.
Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder.
*For securities with a price of more than $1,000, the starting price to purchase fractional stocks is $0.05.
**You will also bear the standard fees and expenses reflected in the ETF pricing in your account, as well as various ancillary service fees charged by Stash and the custodian.
Penny Hoarder is a paid member/partner of Stash. Investment advisory services provided by SEC registered investment consultant Stash Investments LLC. This material is for information and educational purposes only, not as investment, legal, accounting or tax advice. Investment involves risks.
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