More people are retiring with less savings than they need to be comfortable. Much, much less.
Ten thousand people turn 65 every day. You’re most likely going to live to be about 86 years old. You’re going to need a have some savvy spending habits to enjoy those years. Here are some quick and easy ways to start saving at least $2,500 a year:
1. Use This App To Earn Extra Cash Watching TV
Everybody loves I Love Lucy But, did you know some people get paid to watch reruns?
Swagbucks is one of the web’s most popular rewards programs and is partnered with top brands like Amazon, Walmart, and Target. One Swagbucks user from Pennsylvania made over $1,200 in straight cash. Another reported that she earned $450 towards flights with Southwest Airlines Gift Cards.
Here’s how it works. You get cash back when you shop online, take surveys, and more. You can consistently make about $5 per day watching videos on Swagbucks. Redeem points for gift cards to Amazon, Target, Walmart, and more, or get cash deposited into your Paypal account. It takes seconds to sign up, and you can even claim a $5 signing bonus for registering before the end of the month.
2. Buy Amazon Stock For Just $1
Everyone shops on Amazon! So, owning stock in one of the largest corporations in the world could be a great investment. Stash is an app that allows you to start investing* in the stock market with just $1. By purchasing fractional shares in any public company like Amazon, Netflix, Google, Apple,Tesla, Publix, or Walmart, anyone can afford to build real wealth at a price they can afford.
You can build a diversified portfolio with very little money. A Stash Invest account allows you to invest with as little as $.05 cents. When you open a Stash Invest account and deposit at least $5, Stash will give you a bonus of $5 to invest.
3. Fire Your Auto Insurance Agent Today & Save BIG
Every year, millions of senior drivers get “steered” into a new auto insurance policy by their insurance agent. But, why did your agent select that policy for you?
Gabi will find your savings by starting with your current policy. The website allows you to upload your policy information or connect your existing insurance account. Gabi then does the rest for you.
Gabi will ** “shop”** for a better auto insurance policy for you. Gabi will shop for multi-product insurance discounts for which you’re eligible by bundling your insurance packages like your home and auto insurance.
Because Gabi is built to pick the best and cheapest policy for you, it doesn’t focus on commissions. 7 out of 10 consumers save an average of $960 when they use Gabi. Gabi can get you a new policy with Nationwide, Kemper, Travelers, Safeco, Progressive, and over 40 more auto insurance providers.
4. Claim A Free - $30 Gift Card To Shop At Local Stores
Who couldn’t use an extra $30 right now? Nift is a revolutionary service that offers introductory gift cards to use at local businesses. Register on their site or download their app. That’s it! Choose from free steaks, vitamin supplements, flowers, & more.
You will get the opportunity to select a local store that you can use your $30 gift card app. Don’t worry, Nift is nationwide and offers gift cards t restaurants, clothing stores, and much more. Plus, if there isn’t a store in your area, Nift will provide you with a national advertiser like Chewy, Purple Carrot, or Uber.
5. If You’re Under The Age Of 60, Get This Cheap Term Life Insurance
If you own your home, chances are you have a mortgage. You may also have credit card debt. What would happen if you or your spouse died? Who would pay all the bills? A trick many people do is get an inexpensive life insurance policy to cover the mortgage and credit card debt in case they die.
A term life policy from Ladder Life Insurance is easy and affordable. If your relatively healthy and under the age of 60, you can qualify. There are usually NO medical exams.
Unless you plan on hitting the lottery, you should think about getting an affordable life insurance policy. Please don’t leave your family with a pile of bills that don’t have Ben Franklin’s picture on it.
6. Get This Company To Pay Off Your Credit Card Debt
Finding the right personal loan and getting approved can take months. Who has months to wait for a loan? That’s why Even, the leading search, comparison, and recommendation engine for financial services, created “Fiona.”
Fiona is the fastest, easiest, most comprehensive way to search loans and savings accounts from the top providers. By filling out a simple form, Fiona checks if you are pre-approved and gets the best offers from the top providers for you in seconds so that you can get instantly matched with the right personalized recommendation all in one place. You can borrow as little as $1,000 and as much as $100,000, with loan terms of up to 7 years. The interest rate you’ll pay will depend on your creditworthiness. It will take you less than 60 seconds to apply. Credit card debt can get out of hand fast, but you don’t have to continue paying those outrageous interest rates.
7. Never Pay An Expensive Auto Repair Bill Again
As we get older, the desire to buy new cars decreases. Whether it’s because of new car costs or if you love the reliable vehicle you have, having an affordable warranty makes sense.
Olive is the perfect auto warranty service for seniors on a budget. Olive allows you to choose your coverage based on your individual needs. There are no waiting periods with Olive. You can have coverage instantly to cover costly repairs that can occur. Olive is exceptionally affordable. The average service covers costly engine, transmission, front-wheel drive, rear-wheel drive, steering, front suspension, brake system, air conditioning, electrical, towing reimbursement, rental car reimbursement, and more.
Olive is a fraction of what other warranty companies cost. Get a free quote, and stop paying for expensive auto repairs.
8. Stop Paying Fees To Your Bank
If your a senior and your collecting Social Security, your bank should not be charging you any fees. You’ve worked a long time, and you deserve some perks. Go2Bank wants to give you some of those perks.
GO2bank is Green Dot Bank’s digital banking initiative. Green Dot Bank was founded in 1999 and headquartered in Pasadena, CA, and services over 33 million Americans.
GO2Bank offers seniors who receive direct deposit of their benefits with checking and savings accounts with no monthly fees. Seniors will also be eligible for up to $200 in overdraft protection. Now that’s service. You can access a nationwide ATM network**, and your account is FDIC insured.
9. Seniors Shouldn’t Lease Cars
It’s been said that leasing a vehicle is a great way to drive a car you can’t afford. But some don’t realize that once they retire, it can be a big mistake.
Being older means your chances are greater that an unanticipated medical crisis may leave you unable to drive. But a signed lease is a contract. You may be stuck paying thousands of dollars to get out of it, even if you have a doctor’s certification that you shouldn’t be on the road.
So if you’re currently leasing your car, you should get a free quote from FiWize to buy your vehicle outright. FiWize allows you to take financial control of your car. Just fill in some basic information and you can see if it makes sense to buy out your car lease with a loan from one of FiWize’s trusted partners.
10. Stop Wasting Time At Costco Or Sams Club & Do This Instead
You don’t have to spend the whole afternoon at these warehouse clubs anymore. That’s why they made Boxed. Boxed is perfect for all of your bulk shopping needs. This service is an online version of Costco, except that you don’t need a membership to use it. You can put that membership fee in your savings account. With Boxed, you can buy all your bulk foods and household supplies and have them delivered in a box to your front door.
Using Boxed for bulk supplies lets you keep your grocery orders to a minimum while getting good prices on the staples you need. If you take the time to compare pricing for bulk purchases at Costco and Amazon, and Boxed, Boxed will win most of the time. Also, it is much cheaper than Instacart.
11. If Your Looking To Buy A New Car, Use This Credit Union
Why pay more to finance a car if you don’t have to? Credit unions were founded on the philosophy of people helping people. Consumers Credit Union (aka CCU) has been serving customers for nearly 100 years. Unlike other credit unions, it’s unique that anyone can join, regardless of where you live or work. CCU has over 1,800 Service Center branches nationwide.
CCU offers some of the most competitive auto loan rates in the nation, even for people with bad credit. Credit unions, like CCU, are more forgiving with their lending requirements than banks and other lenders. CCU even allows some borrowers to finance the total purchase amount with no downpayment. Plus, you will get 24hr mechanical/emergency repair coverage.
Expert Tip: If you open a “Membership Share/Savings Account” with just a $5.00 deposit, CCU may provide you with up to 0.5% rate reduction on your auto loan.
Being a member starts your relationship and can provide you access to mortgages, credit cards, or student loans at lower APRs. Checking your rate now will NOT affect your credit score! Rates start as low as 2.6% APR.
Learn More About Membership
12. Cancel Your Cable TV Subscription And Save Thousands
Why are you still spending hundreds of dollars a month on cable TV? Paramount Plus is the new streaming service from Paramount Pictures.
On Paramount Plus, you’ll find live news and sports as well as on-demand shows and movies, including originals, leaning on parent company Viacom/CBS’ brands like CBS, MTV, BET, Comedy Central, Nickelodeon, and Paramount Network, plus its Paramount Pictures movie studio.
Paramount Plus offers a ton of content and live TV for you to enjoy. Upcoming original shows include two Yellowstone spinoffs, a new Star Trek series and another based on Halo, and new movies like Mission: Impossible 7 arriving 45 days after theaters. Paramount offers a free 30-day no-risk trial. After that, it’s just $6/month.
You can save serious money if you quite cable.
13. Download This App And Lower Your Electricity Bill
Who has time to argue with the Electricity company? BillShark does. BillShark can now be your crew to take care of the little things. BillShark, backed by Shank Tank star Mark Cuba, is a bill negotiating tool that will negotiate savings on your monthly bills. If they can’t negotiate any savings for you, you don’t pay. BillShark claims to have an 85% success rate.
They are professional bill negotiators and have experience negotiating savings on monthly bills at top companies such as Cox, ADT, Comcast, Time Warner, DirecTV, Verizon, and many more.
BillShark works because you open an account with them, download their mobile app, snap photos of your bill, and then upload them to BillShark. You’ll input some info about yourself as well. BillShark will ask what parts of your statement are okay to negotiate.
Download BillShark Now
14. Join A Social Network That Creates Wealth
The investing app Public.com has changed the way people invest in public companies. Now you to own any stock for any amount of money. Public does this by slicing shares into tiny bits, so you can invest $5, $10, $50, or whatever amount of money you like.
Public’s exclusive feature is the ability for investors to buy slices of stocks. You can buy a fractional share of more than 2,800 stocks with this feature, no matter the share price. So, if you have $200 to invest and want to buy $100 worth of both Amazon and Google, now you can.
The feature that sets Public apart from other trading platforms is the fact that they have built a transparent community of investors. Traditionally, the financial services industry has been somewhat closed off and secretive. Public flips this notion on its head by making it possible to share your trades and see what other like-minded investors and domain experts are investing in themselves. Members who opt to be “public” in the platform get their own profile in which other members can see your portfolio (without dollar amounts).
15. Use This App To Make A New Monthly Budget
Digit is a handy app that lets you save money for any goal you have in mind. We would suggest using Digit to make an emergency fund and pay down debt.
Digit by analyzing your saving and spending habits, then deducting small amounts from your account whenever Digit determines you can afford it. This simple, painless saving method can add up over time.
Not only can Digit help you save automatically, but it can help you also pay down your credit card debt. Digit’s Credit Card Debt Reduction feature lets you make automatic payments to your credit card company with the money held in your Digit account.
* 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. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers. The offer is subject to Promotion Terms & Conditions.
** Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Otherwise, $5 per month.
Opt-in required. Fees may apply. Eligibility requirements apply. Learn more.See app for free ATM locations. $3 for out-of-network withdrawals. ATM owner may also charge a fee. Limits apply.