2020 Destroyed Your Personal Cash Flow. Here’s How to Rescue It

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If you’re like most of us, 2020 did a number on your cash flow.

What is cash flow, you ask? We’re so glad you asked! Cash flow refers to the money that’s constantly moving into and out of your bank account.

Your paychecks (assuming you have work) flow in, and your payments (for food, housing and everything else) flow out.

For many of us, the COVID-19 pandemic has torn a hole in our finances, mucking everything up. Whatever has your cash flow bottled up, we’ve got six suggestions for improving it, one step at a time.

1. Stop Paying Your Credit Card Company

Credit card debt will destroy your cash flow. And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.

AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.

It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.

2. Get Paid Every Time You Buy Groceries

Grocery shopping was never exactly pleasant. But these days, it’s a downright struggle — wondering about your personal safety, maintaining six feet of distance from other customers, etc. Shouldn’t you have something to show for it?

A free app called Fetch Rewards will reward you with gift cards just for buying toilet paper and more than 250 other items at the grocery store.

Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing you purchased an item from one of the brands listed in Fetch. For your efforts, you’ll earn gift cards to places like Amazon or Walmart.

You can download the free Fetch Rewards app here to start getting free gift cards. Over a million people already have, so they must be onto something…

3. Make Sure You’re Not Overpaying

Here’s another way to improve your cash flow: Stop overpaying for things.

Wouldn’t it be nice if you got an alert when you’re shopping online at Target and are about to overpay? That’s what this free service does.

Just add it to your browser for free, and before you check out, it’ll check other websites, including Walmart, eBay and others to see if your item is available for cheaper. Plus, you can get coupon codes, set up price-drop alerts and even see the item’s price history.

Let’s say you’re shopping for a new TV, and you assume you’ve found the best price. Here’s when you’ll get a pop up letting you know if that exact TV is available elsewhere for cheaper. If there are any available coupon codes, they’ll also automatically be applied to your order.

In the last year, this has saved people $160 million.

You can get started in just a few clicks to see if you’re overpaying online.

In this illustration, a car drives on a road that's between mountains and water.

4. Knock $540/Year From Your Car Insurance in Minutes

Speaking of overpaying for things, when’s the last time you checked car insurance prices?

You should shop your options every six months or so — it could save you some serious money. Let’s be real, though. It’s probably not the first thing you think about when you wake up. But it doesn’t have to be.

A website called Insure makes it super easy to compare car insurance prices. All you have to do is enter your ZIP code and your age, and it’ll show you your options — and even discounts in your area.

Using Insure, people have saved an average of $540 a year.

Yup. That could be $500 back in your pocket just for taking a few minutes to look at your options.

5. Add $225 to Your Wallet Just for Watching the News

This is a historic time for news, and we’re all constantly refreshing for the latest news updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

Research companies want to pay you to keep watching. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short news clips to choose from every day, then ask you a few questions about them.

You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.

It takes about one minute to sign up, and start getting paid to watch the news.

6. See if You Can Get More Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash right now?

Yep. A debit card called Aspiration gives you up to a 5% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money in the process?

Enter your email address here, and link your bank account to see how much extra cash you can get with your free Aspiration account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”

In summary: Take these six steps and watch your cash flow improve.

Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com

6 Tips to Survive Tandem Parking

Tandem parking is probably the least enjoyable “tandem thing to do.” There’s tandem skydiving, tandem bikes, but tandem parking … doesn’t that sound like a hassle?

What is tandem parking?

Tandem parking means you have to essentially share one large spot with the person you live with.

If you live in an urban area where street parking is difficult to find, you’re probably lucky to have a parking spot at all. Many big cities and multifamily developers have reduced the number of parking in new complexes. Multifamily developers are seeing less of a need to build parking lots simply because city dwellers now have the option to hop on city bikes, scooters, ride-share or take public transportation.

In Seattle, for example, 30 percent of new buildings proposed in the past several years don’t include any parking at all. Some designers have advocated for parking garages to be built as flex space that can be converted. Additionally, it’s pretty common now for building management for newer developments to charge tenants for parking.

Despite the cost, some renters are still willing to pay 5 percent more for parking.

parking garage

How does tandem parking work?

Tandem parking is a very long parking spot in which two cars could park — one in front of the other. Technically, it’s two parking spots in either a covered or open lot, but if you were on the inside, the car behind you would need to back out in order for you to get out.

It may be one step above having to circle your block for a street parking spot, but if you and your household have busy schedules, it may pose an issue.

Why do some apartment buildings have tandem parking?

Apartment buildings have tandem parking mostly because space is limited. Older developments tend to have tandem parking, but new buildings also offer this kind of parking structure, as well. Buildings that use tandem spots may often be able to squeeze in more spots.

Here are six tips for managing and dealing with tandem parking with neighbors.

1. Consider a rotation

If the area outside your apartment isn’t all that crowded for street parking, try a rotation from month to month with your roommate. Flip a coin or negotiate to decide who gets to park in the spot. This could also be contingent on who has a busier work or travel schedule.

Perhaps it can change based on the season, as well. For example, in the colder winter months, you can make the rotation week to week since it’s not ideal to park outside in the harsh winter weather with snow on the ground.

empty parking spot

2. Pay extra to permanently claim the spot as yours

Depending on how much you covet your parking spot, perhaps you can negotiate to pay a little more each month to make the on-site spot yours.

Of course, this would only work if both parties agreed. However, it could be worth a shot, especially if your roommate wants to save a little cash each month.

If your roommate is not on board with this idea, perhaps you can look into nearby garages and find out how much they cost to rent each month.

There are also free apps such as SpotAngels and SpotHero to help you find parking spots in urban cities. You can set filters to show you garages or parking meters.

3. Understand your schedules

Because the cars are positioned one in front of the other, the most efficient first step is to understand your tandem partner’s daily schedule. This is probably the most important part of sharing a tandem spot, especially if the previous two tips aren’t an option. If you have similar working hours, a month-to-month swapping of who gets to park on the inside vs. outside may work out.

Whoever tends to leave first in the morning should park last, but schedules may change frequently, too. If that’s the case, communicate frequently about these changes. Also, consider getting a whiteboard to place near the door in your apartment that gives the latest update on when you need to leave in the morning or when you’ll arrive home in the evening.

4. Get a key

If you’ve ever seen a solo valet worker hustle to move cars to bring your car from the depths of the endless rows of cars, you know moving cars is time-consuming. While backing out your roommate’s car isn’t nearly as much work, it can definitely cause delays and isn’t ideal if you’re in a hurry.

In the event of an emergency or if you need to leave and they’re not home or still sleeping, you could give each other a spare car key.

Whether you keep the keys inside of a lockbox in the garage or on your keyring, having a plan for this will give both vehicle owners peace of mind.

girl on phone

5. Communicate often

If you both work sporadic schedules, send a text reminder of when you’ll be home and if you need to leave early in the morning. Having this plan could help you get in and out faster.

If you’re dealing with multiple people in your household who share two tandem spots, you may want to create a WhatsApp channel dedicated to schedule updates. There are also GPS apps that show in real-time when you’ll arrive home, in case your roommate needs to move their car before you get home.

6. Talk to your landlord

Perhaps you live in a building where you sometimes see empty parking spots.

Talk to your landlord, and see if you could pay a little extra to take one of the empty spots, even if it’s just temporary.

There’s no harm in asking your landlord about the options, especially if you and your roommate are having a hard time managing the tandem spot.

Tandem parking is manageable

While most apartment dwellers would rather have individual parking spaces rather than tandem spots, the way you manage it can make your lives easier.

Of course, tandem parking is a lot easier if you generally get along with your roommate(s). If you’re swapping extra car keys, it’s important to have trust and believe they won’t be careless with your car in case they need to move it.

Know each other’s schedules and communicate frequently about any changes or emergencies that may arise.

The post 6 Tips to Survive Tandem Parking appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

5 Best Ways to Promote Your Small Business in 2021

As a small business owner, you may have a tough fight when it comes to standing out. Not only are you competing against other small businesses in your field, but you’re also competing against bigger corporations. And those big businesses have a more national reach and have the necessary cash to better promote themselves.

Do not lose hope just yet, however. There are a number of alternative options and ideas to make you, as a small business owner, stand out among your competitors. Also, it always helps to get some financial expertise on your side. So, consider working with an experienced financial advisor.

1. Engage in Social Media.

Big and successful businesses have the capital to promote themselves through advertisements and other marketing channels. But small businesses may face challenges to obtain financing to market themselves. So, for small businesses, the idea is to have a strong social media presence.

Not only is it free, also there is a personal touch that comes from operating a small business that big corporations may often lack. There are many social media platforms to market yourself (i.e, Facebook, Instagram, LinkedIn, Tik-Tok, YouTube, just to name a few). So, post regularly on these platforms and respond to people’s comments.

2. Start A Podcast.

Just like marketing yourself through online platforms can be rewarding, starting a podcast is also a good way to promote your small business. Talk about the subjects that people seek out when they need a solution to a problem. People will then see you as an expert in your field. That in turn can provide you with more leads and marketing opportunities.

Get Matched With 3 Fiduciary Financial Advisors
Managing your finances can be overwhelming. We recommend speaking with a financial advisor. The SmartAsset’s free matching tool will pair you with up to 3 financial advisors in your area.

Here’s how it works:

1. Answer these few easy questions about your current financial situation

2. In just under one minute, the tool will match you with up to three financial advisors based on your need.

3. Review the financial advisors profiles, interview them either by phone or in person, and choose the one that suits your’ needs.

Get Started Now>>>

3. Get Featured in Your Local Newspaper.

One of the best ways to get your name out there is to get featured in your local newspaper. This can be done for free or at a very low cost.

4. Establish a Good Relationship in Your Community.

It’s a good idea for a small business to establish a good relationship in their local community. If people always see you face-to-face in the community at charity events, or networking events, they are more likely to trust you and your product. Also, having a good relationship with your local bank will also help as you may one day want to ask for a business loan.

5. Apply for a Business Loan.

Lastly, consider applying for a small business loan. A small business loan can be a solution to your marketing strategy. It can help pay for your advertising cost without dipping into your own funds.

There is a challenge, however.

Many lenders require small businesses to have been in business for a number of years or to be making a minimum amount of revenue before they will lend any money. That is because these lenders want to make sure you will be able to pay off the loan, as many new businesses do not succeed.

So, do your shopping as there might be lenders that do not have any requirements at all. Before you start the process of applying for a small business loan, it’s a good idea to work out if you can afford it in the first place. 

Hire a Pro: Develop Your Financial Strategy

You can talk to a financial advisor who can review your finances and help you reach your goals. Find one who meets your needs with SmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.

The post 5 Best Ways to Promote Your Small Business in 2021 appeared first on GrowthRapidly.

Source: growthrapidly.com

10 Questions to Ask about Parking Before You Rent an Apartment

So, you think you’ve found the perfect apartment.

Did you remember to ask about the parking situation? If not, stop! Don’t sign that lease until you have at least considered how you and your guests can park hassle-free. Because no matter how fabulous the view or the living space, if you rely on a car and parking isn’t convenient, it’ll likely put a damper on your living experience.

If you’re planning to live downtown in a city with excellent public transportation and bike accommodations, including bike-sharing programs, you need to consider if you even need a car. Many people don’t want the hassle and are happy to rent a vehicle on the occasions when they want to get out of the city.

But if you plan to have a car or are considering having a car, we’ve compiled a list of 10 questions you need to ask about parking before you sign the lease.

1. What kind of parking does the building offer?

apartment parking

Depending on an apartment’s location, parking will vary. Perhaps there’s an indoor parking garage under the building (most likely in a downtown high-rise or mid-rise building).

If you’re looking at a garden-style apartment, parking may be right outside your front door. If it’s outdoors, and you live in a cold climate, you need to think about inclement weather. Come winter, will you be shoveling four inches of snow off your vehicle before you can head off to work?

And speaking of snow, do you need to observe special parking rules to accommodate the snowplow (such as moving your car from certain parking areas)? Know what’s expected of you.

2. Is parking on-site or is it all street parking?

For some of you, street parking will be a deal-breaker. Others will accept that as a necessary evil that goes with keeping a car in the city.

If there’s street parking, find out if you need a permit from the city or local government to park on the street. Keep in mind that it may be difficult to find a spot when you return if there’s only street parking.

3. How is parking managed?

Once you know that the building supports a parking plan, you need to inquire about the details. For example, are you able to self-park? In many city high-rises, you can’t self park and may have to rely on a parking valet.

Is the parking valet reliable? Are there designated spaces for compact and full-size vehicles? If you have special needs and would like to park closer to the elevator or front door, can you make this request?

4. Reserved or unreserved — that is the question!

reserved parking spot

If there’s plenty of parking, you may not need reserved space(s). But it can be nice to know that you have a dedicated spot to come home to, regardless of your schedule. Ask about this policy.

If there’s on-site parking, find out if the lot is usually full at peak times or if there are usually empty spaces. If spaces are reserved, can you get parking near your unit?

5. How many spaces are you allowed?

If you have a roommate or if you and your significant other have vehicles, will there be designated parking spots for both of you?

6. How much will parking cost?

This is an important question because if your space(s) is not part of your monthly payment, you have to factor parking costs into your budget. It becomes a line item just like internet service, cable and utilities.

If your building doesn’t have parking but has a formal arrangement with a parking garage nearby, ask about the cost. Perhaps your parking will be comped or discounted. Similarly, if parking is included in the rent, and you decide to forego having a car, do you receive a discount?

Be sure to inquire about cost differences for covered spots (also known as garage parking) vs. uncovered spaces (also known as surface parking).

7. Where do my guests park?

guest parking

If parking in and around your building is challenging and there are no spaces reserved for guests, it may put a damper on social activities. Not all rentals have the luxury of extra space for visitors, so you need to decide just how important that is or come up with creative alternatives, such as carpooling.

If your building can accommodate guest parking, do you need to reserve in advance? And how easy will it be for your visitors to come and go?

8. Is the parking lot well lit at night?

If the parking lot is indoors, is the garage only accessible via fob access or in a controlled manner. While there’s never a guarantee of safety, and much of it is based on the specific neighborhood, consider visiting the parking lot yourself to make your own determination.

9. How is designated parking enforced and disputes resolved?

It happens. Sometimes it’s a neighbor who decides to flout the rules and do as he or she wants. Most times, however, it’s a misunderstanding. In either case, situations do arise, and you need to know there is a system in place.

Remember, you also have to be a good neighbor and respect apartment parking etiquette.

10. Can you sublet your parking space?

tenant parking only sign

This question is more important than you might think as it could offer a source for a little extra income each month. If your lease includes a parking space, and you don’t have a car, but your neighbor has two vehicles and only one designated spot, you may be able to make a deal. But check your lease first to determine that you have the legal right to sublet.

Avoid parking problems

Go ahead and look for that perfect apartment with the view, amenities and conveniences you desire. But don’t overlook the parking accommodations or you could be driving into a headache that never goes away.

The post 10 Questions to Ask about Parking Before You Rent an Apartment appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Fast Personal Loans: 6 Best Lenders for Quick Cash

Financial emergencies can happen at any time, and when they do, you need to respond quickly. But this can be challenging if you don’t have the funds available in savings. When this happens, taking out…

The post Fast Personal Loans: 6 Best Lenders for Quick Cash appeared first on Crediful.

Source: crediful.com

6-Month CD Rates: Earn More Money

6-month CD rates can be a smart strategy for your short-term saving goals.

If you’re saving for a house, you may be wondering where you can park your hard-earned cash safely and earn interest at the same time.

If so, you should consider a 6-month CD, because the rates can still be very competitive.

In fact, 6-month CD rates can range from 0.50% APY to 1.00% APY, which produce higher yields than bank savings accounts.

Also, a six-month CD comes with FDIC insurance that protects your money up to $250,000.

Why shouldn’t you take advantage of a higher yield and safety?

Of note, if you are looking for higher yields, consider investing in Vanguard index funds.

In the meantime, here’s a table listing the best 6-month CD rates.

6-Month CD Rate APY Minimum Balance
EmigrantDirect CD 1.00% $1,000
MySavingsDirect 1.00% $1,000
Limelight Bank CD 0.95% $1,000
Sallie Mae Bank CD 0.90% $2,500
BMO Harris Bank CD 0.80% $5,000
Live Oak Bank CD 0.80% $2,500
Bank5 Connect CD 0.75% $500
HSBC CD 0.75% $1,000
TIAA Bank CD 0.75% $5,000
Ally Bank CD 0.65% $0
PurePoint Financial CD 0.50% $10,000
Best 6-month CD rates to help you achieve short-term saving goals.
*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK OFFER REVIEW
CIT Bank Money Market 1.00% APY Review
CIT Bank Savings Builder 0.95% APY Review
CIT Bank CDs 0.75% APY 1 Year CD Term Review
CIT Bank No Penalty CD 0.75% APY Review

What is a CD?

A certificate of deposit or CD is a type of short-term investment where you agree to keep your money for a certain period of time, usually for three months to several years.

You usually open a CD with a traditional bank, credit union or even an investment company. For example, investment company such as Vanguard offers brokered CDs.

Once the CD “matures” or becomes “due,” you receive the principal money invested, plus interest.

If you withdraw your money before the stated period of time, an early withdrawal penalty will apply.

However, there are some banks that offer CDs with no penalty. Banks such as CIT Bank has an 11-month, no penalty CDs. However, those CDs usually have lower APY.

CDs are very safe. That’s because they are insured by the federal government for up to $250,000.

So, if you’re looking for safety, a CD is a good choice.

Is a six-month CD right for you?

Before you start shopping for the best 6-month CD rates, you need to ask yourself these questions:

  • How much interest will you earn?
  • Are 6-month CD rates better than interests from a savings account, money market funds, etc?

With a 6-month CD, you can expect to earn good money. But not a lot when comparing to longer CD terms. It is because the longer the length of the CD, the more money you will make. 

But one thing for sure is that you will earn more money on a 6-month CD than on a savings account (more on this later).

Here’s how much you can earn with a 6-month CD rate.

Overview of the best 6-Month CD Rates: how much should you expect to earn.

The minimum balance requirement and the rates for these 6-month CDs vary depending on the bank. The rates range from 0.50% to 1.00%.

EmigrantDirect 6-month CD rate

The applicable rate for a six-month CD from Emigrant Direct is 1.00% . This six-month CD has a $1000 minimum deposit requirement. This is one of the highest interest rates out there.

MySavingsDirect 6-month CD rate

This 6-month CD also has a 1.00% APY and requires a $1000 minimum deposit.

Limelight Bank 6-month CD rate

The applicable yield for a six-month CD from Limelight Bank is 0.95%. It also has a $1000 minimum balance requirement.

BMO Harris 6-month CD rate

For a BMO Harris six-month CD, it is 0.80% APY and $5,000 minimum deposit.

Live Oak Bank 6-month CD rate

You can expect a 0.80% APY, But the minimum deposit can be high, $2,500.

Sallie Mae Bank 6-month CD rate

Sallie Mae’s 6-month CD offers a 0.90% APY and requires a $2,500 minimum deposit.

TIAA Bank 6-month CD rate

The minimum deposit can be steep for a six-month CD from TIAA Bank, which is $5,000. But a rate of 0.75% is still competitive.

Ally Bank 6-month CD rate

For an Ally Bank six-month CD, the rate is 0.65%. And there is no minimum deposit.

Bank5 Connect 6-month CD rate

The Bank5 Connect 6-month CD has the lowest minimum deposit requirement ($500) with a rate of 0.75%.

HSBC Direct 6-month CD rate

For a 6-month CD from HSBC, the yield is 0.75% and the minimum deposit requirement is $1,000.

PurePoint 6-month CD rate

The yield for this six-month CD is 0.50%  and the minimum deposit is $10,000. This deposit requirement can be too much for most people.

Why should you invest in a 6-month CD?

Given that these banks’ 6-month CD offer competitive rates, they may be a good option for you.

So, you may want to consider them for the following reasons:

Emergency fund. A 6-month CD is a good place for your emergency fund. However, if an emergency occurs before the CD matures and you withdraw the money, a penalty will apply.

Saving for a down payment. A 6-month CD is a good option if you’re thinking of buying a house in the next six months.

It’s a good place to accumulate and grow the down payment. You certainly don’t want to risk your money investing it in the stock market, because the market can plunge in a relatively short of time.

Wedding. If you have an upcoming wedding, a six-month CD is a good place to keep your cash.

Vacation. If you’re planning of taking a vacation in 6 months or so, a 6-month CD makes the most sense. Your money is safe and you’ll earn interest at the same time.

CDs vs. savings accounts vs. money market funds

While a 6-month CD can be a good option for your money, it may not be the best options in all situations.

If you need your money before the stated period and withdraw it, you will get hit with a penalty.

So, it makes sense to see what other options are available to you. And the best way to do so is to compare a 6-month CD rate with other saving vehicles.

6-month CD vs. savings account

There is no doubt you’ll receive a higher return on your money with a CD than with a savings account.

However, a savings account is more liquid than a CD. You can withdraw money in your savings account with no fear that you’ll get hit with a penalty.

With a CD, however, an early withdrawal penalty will apply if you need access to your money before the CD becomes “due.”

6-month CD vs. money market fund

It’s likely that you will earn more interest on your money with a CD than with a money market fund.

However, just like a savings account, you can easily access your funds in your money market fund at any time without the early withdrawal penalty that comes with taking money out of your 6-month CD before it matures.

You can write a check or you can call the fund company and ask them to transfer your money to your bank.

The bottom line

6-month CD rates are competitive. A six-month CD can be a good choice if you’re saving for a short-term goals. You’ll earn a higher rate on a 6-month CD than on a savings account.

Speak with the Right Financial Advisor

  • If you have questions about your finances, you can talk to a financial advisor who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc).
  • Find one who meets your needs with SmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.
*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK OFFER REVIEW
CIT Bank Money Market 1.00% APY Review
CIT Bank Savings Builder 0.95% APY Review
CIT Bank CDs 0.75% APY 1 Year CD Term Review
CIT Bank No Penalty CD 0.75% APY Review

The post 6-Month CD Rates: Earn More Money appeared first on GrowthRapidly.

Source: growthrapidly.com

The Top Financial Resolutions for 2021

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Have you made your resolutions yet? It can feel a little daunting trying to figure out what you need to focus on, so we made it easy: These are the resolutions everyone else is taking on in 2021, according to a survey by Wallethub, and you should, too. Plus — how to accomplish them.

1. Make A Realistic Budget And Stick To It

This one sounds familiar, right? Oft-regarded as Old Faithful when it comes to New Years’ resolutions, it holds that title for good reason. Having a budget you can actually stick to will set you up for financial success, no matter what your goals are.

It’s easy to slip away from our good financial habits as the year goes on, so it’s particularly important to find a budgeting system that works for your lifestyle and won’t be hard to maintain.

We recommend the 50/30/20 method. It’s simple, yet effective, and has a bit of a cult following, too! Here’s how it shakes out:

50% of your take-home income every month covers your fixed expenses — rent, utilities, groceries, minimum debt payments, etc. 30% goes towards the things you can live without, but don’t want to (like food delivery, a Netflix subscription and travel). Finally, the last 20% of your monthly income is dedicated to your financial goals.

2. Look For A Better Job: Make up to $69/Hour

The most surefire way to achieve your financial resolutions and stay within that budget you made is to earn more money.

2020 made that really hard for most people. Which is why finding a better job, that you actually enjoy — and will pay you more — is a top resolution for 2021.

But what if you could create that higher-paying and more rewarding job? There’s an idea…

Can you open an excel spreadsheet? Does earning $69 an hour sound appealing? How about the freedom to work remotely while helping others succeed?

Those are the perks of working as a bookkeeper, says Ben Robinson, a CPA and business owner who teaches others to become virtual bookkeepers through online courses called Bookkeepers.com.

You don’t have to be an accountant or even really good at math to be successful in this business. In fact, all you need are decent computer skills and a passion for helping business owners tackle real-world problems. The ability to stay moderately organized is helpful, too.

You can make up to $69 an hour, according to data from Intuit, the creator of QuickBooks, and you have no commute. It’s a great opportunity for parents who want a part-time job, recent college grads or anyone who wants to bring in real money working from home.

Robinson shares what it takes to be a virtual bookkeeper, plus tips for making this career work for you in his free class at Bookkeepers.com. If you stick with the classes, you could be running your own business in just a few months.

3. Pay Off Credit Card Debt: Wipe Out All Your Debt by Tomorrow

2020 was actually a good year for paying down credit card debt — Americans did more of it this year than they ever have.

But there’s still work to be done, which is why paying off credit card debt is one of the top financial resolutions this year.  Because if you still have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…

And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.

AmOne won’t make you stand in line or call your bank, either. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could help you pay off your debt years faster.

4. Monitor Your Credit Report

Did your credit score take a dive this year? Or is still stuck at a “fair” grade? Then monitoring any changes on your credit reporting and working to improve your score should be one of your financial resolutions for this year, too.

When it comes to your credit score, it’s important to stay organized and keep tabs on it. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

5. Get Insured In Case Of A Catastrophe. You Could Give Your Family up to $1 Million

Talk about a scary year. If a global pandemic didn’t have you thinking about your own mortality, what else could? With that thought in mind, people are adding “buy life insurance” to their list of 2021 to-dos.

Have you thought about how your family would manage without your income if something happened to you? How they’ll pay the bills? Send the kids through school? Now’s a good time to start planning for the future by looking into a term life insurance policy.

You’re probably thinking: I don’t have the time or money for that. But your application can take minutes — and you could leave your family up to $1 million with a company called Bestow.

Rates start at just $16 a month. The peace of mind knowing your family is taken care of is priceless.

If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow.

6. Add A Month To Your Emergency Fund

Having an emergency fund is important; you know that. But it’s easy to deprioritize it when things are going fine. And as 2020 showed us, you can lose your job at the drop of a hat, meaning a full emergency fund can be what keeps your lights on.

So prioritize your emergency fund this year. If you don’t have one yet, start by opening an account that will help you grow your money.

One way to do that is with a company called Aspiration. It lets you earn up to 16 times the average interest on the money in your account.

Not too shabby!

Enter your email address here to 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 and they use a military-grade encryption which is nerd talk for “this is totally safe.”

7. Pay Bills Right After Payday

It’s easy to get swept up in the joy that is payday and immediately start buying things you don’t need. But as the final financial resolution on this list, paying your bills right away can help keep the rest of your goals on track.

It means you can avoid late fees on your utilities, which can really add up and destroy your budget. You can pay off your credit card debt without mounting interest charges. And you can prevent any hiccups that would dock your credit score a few points.

Whatever your financial goals are this year, we know you can achieve them! Here’s to making 2021 your best financial year yet.

Kari Faber is a staff writer at The Penny Hoarder.

***Like Cooper, 60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.

Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com