When it comes to finances, no one is perfect—even millionaires sometimes fail.
Therefore, when you start to think that you are worse than your parents, nephews or friends, remember that all people in their 20s have made mistakes and this can cost them a huge price.
However, if you make some of these mistakes, don’t worry. You can still redeem yourself! Here are some of the worst mistakes you can make, and tips to help you get out of trouble.
Mistake 1: Did not get a free gift card when shopping
What do you usually use receipts for? You check out, they hand you a mile of paper, and then you crazily stuff it into the bottom of a grocery bag. Quite worthless.
But a free app called Receive award Turn them into gift cards. It works with a large number of brands to provide points for every grocery receipt you share. You can then exchange them for gift cards and go to Amazon, Walmart, Chipotle, and dozens of other retailers.
It is very suitable for those of us who do not want to put a lot of work into it. All you have to do is send a photo of the Fetch receipt and it will do all the work for you. No need to scan barcodes or search for offers — you can use it with any grocery receipt.
When you Download app, Use the code PENNY to automatically earn 2,000 points when you scan the first receipt. Then start taking photos of your most recent receipt to see how many points you can earn without going to the store!
Not bad for useless receipts, right?
Mistake 2: Not earning any income from your savings
You may have heard that the best way to increase funds is to deposit it in a savings account and then stay there forever. This is bad advice.
But maybe you just want to find a place to hide it safely-but still make money. You can get nothing under your mattress or in the safe. A typical savings account will not benefit you much. (Ahem, now 0.05% is nothing.)
But the debit card is called desire Allows you to earn up to 5% cash back and up to 20 times the average interest of the funds in your account.
Not too shabby!
Please 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”.
Mistake 3: Paying too much interest to the credit card company
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 2.49% APR), you will get out of debt That Much faster. Also: No credit card payment this month.
AmOne will ensure the confidentiality and security of your information, which may be why it still receives an A+ rating from the Better Business Bureau after 20 years of operation.
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.
Mistake 4: Paying too much for car insurance
When was the last time you checked car insurance prices?
You should buy your selection every six months or so-it can save you some big money. However, let us be realistic. This may not be the first thing you think of when you wake up. But it doesn’t have to be so.
A website called Insurance Net Make it very easy to compare car insurance prices. All you have to do is enter your zip code and your age, and it will display your options.
Using Insure.com, people can save an average of $489 a year.
Correct.In just a few minutes, you can earn $500 back in your pocket See your options.
Mistake 5: Think that you don’t have enough money to invest
Looking at the Forbes rich list, you will find that almost all billionaires have one thing in common-they own another 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.
But there is a called Tibetan, It doesn’t have to be so. It makes you a part of what is usually unique among the rich-on Stash, you can buy products from other companies for as little as $1.
That’s right-you can invest in well-known companies such as Amazon, Google, and Apple for as little as $1. The best part? If 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. 1
Takes two minutes Sign up, And it is completely safe. With Stash, all your investments are protected by the Securities Investor Protection Company (SIPC)-this is what the industry calls “your funds are safe”. 2
In addition, when you use the link above, once you deposit $5 into your account, Stash will give you a $5 registration bonus. *
Mistake 6: Assuming life insurance is expensive and time-consuming
Have you ever wondered 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 the time or money to do that.But your application may take a few minutes – and you can 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.
1Not all stocks will pay dividends, and there is no guarantee that dividends will be paid every year.
2It should be noted that SIPC insurance does not guarantee potential loss of market value.
For securities with a price of more than $1,000, the starting price for buying fractional stocks is $0.05.
*Offers are subject to promotion Terms and conditionsIn order to be eligible to participate in this promotion and receive the bonus, you must successfully open a reputable personal brokerage account, link a funding account to your investment account and deposit $5.00 into your investment account.
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.