In celebration of Financial Literacy Month, we’re teaching people how to money better. This week we’ve curated a list of our best wealth building money hacks to help you earn while you learn.
Stream your way to better creditYou read that right. You can pay for monthly subscriptions like Netflix or Spotify with your credit card. This could help boost your credit score while you Netflix and chill.
Turn your bathroom time into money timeWho knew your time in the loo could be used to file taxes, invest, and find cheaper insurance? The MoneyLion app is a great place to start when you’re on the throne.
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A cup of joe can save you doughThat’s right, you can use the spare change from your daily Double Espresso to start investing. Learn about how Round Ups work with the MoneyLion app.
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**Paying off credit cards? Timing is everything.**You can help boost your credit score just by making a payment right before your cycle close date. Sometimes procrastination pays. But make sure it’s still on time and to keep your balance low.
Source: giphy.gifArticle Source: Experian: “What Is a Billing Cycle?”, April 2022
Make your savings work for youInterest can be interesting, especially for your wallet. A high yield savings account can earn you around 4% APY. That’s up to 20-25x higher than traditional savings accounts. Thank us later.
Source: giphy.gifSource: Investopedia: “What is a High-Yield Savings Account?”, November 3 2021
File your taxes for freeTaxes are a pain. Fees make it worse. So, ditch tax filing websites. The IRS website offers guided filing for free. And it’s just as simple.
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Safe drivers save moneyDid you know it pays to be a good driver? Seriously, you can save up to 40% off on your auto insurance*. The MoneyLion Driver Score feature tracks your driving skills to help save you more.
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Shave years off your mortgage Own a home? Consider switching to biweekly payments. You’ll make an extra payment each year, but you’ll potentially shave YEARS off your mortgage payments.
Source: giphy.gif Article Source: Rocket Mortgage: “Biweekly Mortgage Payments: Are They A Good Choice For You?”, March 2023
Get paid to snoozeWhy not also get paid for what you love? You can earn money testing games at PlayTestCloud.com, and there’s other sites where listening to music, or even sleeping can help fatten your wallet.
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Save some green on gasFilling up your tank on Mondays or Tuesdays is cheaper, and you can use apps like GasBuddy to find the cheapest gas around you. Not to mention the cash back you get for using qualifying credit cards.
Source: ash-evil-dead.gifArticle Source: Independent: “Millenial Money: 7 credit card moves to stretch your budget” October 2022
Join us for wealth building week and learn about more easy money-making hacks by downloading the MoneyLion app. For every time you money.
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Disclosures
*Actual discounts and insurer participation vary by state. Any potential offers are based on your driving behavior and are issuers' discretion and subject to their review. Not all drivers will qualify for a discount. Potential savings listed are based on the program goals.
This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, MoneyLion does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information. For more information about MoneyLion, please visit https://www.moneylion.com/terms-and-conditions/.
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Round Ups is subject to terms and conditions. This optional service is offered by MoneyLion. You may be required to have certain MoneyLion accounts to use this feature.
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