At this point, most of us live within the confines of our home and only dare to eat or exercise.
And that's exactly what we should do – what we do need to do – smooth this COVID-19 curve. But we understand it: we also feel a little crazy. After all, there are only so many push-up challenges that you can post in your Instagram story before your arms give way.
That's why we created a quick 24-minute money challenge. This is perfect for those of us who are stuck at home and worried about the uncertain state of our country and our own personal finances. It's a great way to spend 24 minutes today and you will feel more productive.
Ready? When you're done, give it to your friends. Hopefully they won't nominate you for this damn push-up challenge anymore.
1. Stop overpaying your monthly bills (2 minutes).
Your monthly bills are not negotiable, are they? They're just something you can't pay for.
The truth is, you can probably find better deals on a number of your monthly bills, freeing up budget space for other necessities during this difficult time.
Easiest to start? Car insurance. Experts recommend buying your options about every six months, but let's face it – when was the last time one of us did?
But a free website called The zebra does the shopping for you – in just two minutes.
All you have to do is enter basic information about your car and your driving history. The Zebra then compares the prices of more than 100 companies to find the best price for you.
In fact, The Zebra saves its users up to $ 670 a year. If you find a policy If you want, you can register online immediately.
After spending two minutes, take a look at some of your other monthly bills, such as B. Your cell phone (see discount provider) and your household insurance (compare prices).
2. Ask this website to take care of your credit card bill (2 minutes)
If you have credit card debt, You know. The fear, the interest rates, the fear that you will never escape …
And the truth is that your credit card company doesn't really care. It only gets rich by kidding you with high interest rates. But now is the perfect time to take action. A website called AmOne wants to help.
If you owe your credit card company $ 50,000 or less, AmOne compares you to a low-interest loan that allows you to repay each and every one of your balances.
The advantage? You have to pay an invoice every month. And because personal loans have lower interest rates (AmOne rates start at 3.99% APR), you will no longer have any debts The much faster.
AmOne also doesn't make you stand in line or call your bank – you can do this from your couch. And if you're worried that you won't qualify, it's free check online.
It only takes two minutes and can help you pay off your debt years faster.
3. Get an Amazon gift card worth $ 5 after 5 surveys (10 minutes).
Aileen Perilla / The Penny Hoarder
As we try to leave the house as little as possible, many of us will likely notice an increase in our Amazon orders. That's good – we're doing this whole thing right with social distancing – but our wallets may not be too enthusiastic.
If you'd like to help offset the cost, secure a free $ 5 Amazon gift card with MyPoints.
MyPoints is a research company that pays you to answer questions about various products and services you use. In return, you will receive free gift cards. You can even do this from your phone.
To date, MyPoints has paid more than $ 236 million in gift cards.
To receive your $ 5 Amazon gift card, just register and complete your first five surveys. The next time you sit on the couch and watch Netflix, take a few more surveys and keep earning.
4. Finally, check the life insurance from your perpetual to-do list (5 minutes).
For many of us, taking out life insurance is something we know we need to do. After all, you were probably wondering how your family would live without your income after your death. How will you pay the bills? Send children through school?
Now that life has slowed down a bit, it's time to finally delete this from your to-do list.
With a company called To lendThis shouldn't take longer than five minutes. Prices start at $ 5 a month. You can cancel or change your plan at any time. In addition, the security of knowing that your family is taken care of is invaluable.
If you're under the age of 54 and want to get a quick quote for life insurance without a medical exam, intrusive sales calls, or even getting up on the couch, Get a free quote from Bestow.
You will feel better if you can finally Get that done.
5. Check your credit report for errors (3 minutes)
At this point you understand the importance of your credit score. It will help you do some big shopping one day, like a house or a new car. But when was the last time you checked in your score?
There may be an error that is knowingly holding you back. (One in five reports, according to an FTC study.)
Now that you have a little more time, check out a free website called Credit sesame. It shows you your creditworthiness and helps you to identify mistakes. If you find one? Credit Sesame will even help you to dispute this.
Salome Buitureria, a working mother in Louisiana, found a serious mistake in her report. With Credit Sesame, she was able to fix the error and take additional steps to increase her credit rating from 524 to almost 700. *
Would you like to check it yourself? It only takes about three minutes Log In and look.
6. Start an investment portfolio with USD 1 (2 minutes).
It's no secret that the market has had a fair amount of ups and downs in recent weeks, but you shouldn't panic. If you have money you've invested, consider it.
Markets are unpredictable and always volatile, which means that they sometimes go up and sometimes go down – but they tend to go up over time.
If you haven't started investing and have some money left, you can start small. You don't have to throw thousands of dollars on full stocks to invest. In fact, you can start with just $ 1.1
We like Hidebecause you can choose from hundreds of stocks and funds to build your own investment portfolio. But it makes it easy by dividing them into categories based on your personal goals. Would you like to invest conservatively now? I totally understand it! Do you want to dive in with a moderate or aggressive risk? Do what you feel
You can also use Stash to invest in fractions of a share, which means you can invest in funds that you normally can't afford.
If you Join Now (it takes two minutes) Stash will give you $ 5 after adding $ 5 to your investment account. Subscription plans start at $ 1 a month.2nd
* To like Buitureria, 60% of Credit Sesame members see an increase in their creditworthiness; 50% see an increase of at least 10 points and 20% see an increase of at least 50 points after 180 days.
Credit Sesame does not guarantee any of these results, and some may even see their credit rating decline. Any improvement in your score is the result of many factors, including paying bills on time, keeping your balance low, avoiding unnecessary requests, planning appropriately, and developing better credit habits.
1For securities over $ 1,000, the purchase of fractional shares begins at $ 0.05.
2nd You will also be responsible for the standard fees and charges included in the pricing of the ETFs in your account, as well as fees for various ancillary services charged by Stash and the Custodian.
The Penny Hoarder is a paid partner of Stash. Investment advice from Stash Investments LLC, an investment advisor registered with the SEC. This material has been distributed for information and educational purposes only and is not intended as investment, legal, accounting or tax advice. Investing involves risks.
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