8 Clever Money Moves If You Have $1,000 In the Bank
Believe it or not:
A whopping 69% of Americans have less than $1000 in savings. 45% have $0 in savings.
Having $1,000 banked is a big milestone. You worked hard to get where you are, now it’s time for your money to work for you - instead of your bank.
Since most checking accounts pay minimal or no interest, you’ll probably wish you tried these 14 money moves to get the most bang for your buck and achieve your financial goals.
1. Get $5 to Invest in Amazon and Apple
Take a look at the Forbes Billionaires List - almost all these billionaires have one thing in common: they own pieces of other companies.
Unless you have a few million dollars around, this sounds impossible to do.
Until we found the app Stash. Stash lets you do what billionaires do to make money - buy pieces of other companies like Amazon, Apple, and Netflix. And you can start with as little as a $1 investment¹.
The best part? It takes 2 minutes to sign up, and Stash will give you $5 as soon as you sign up (you just 5X’d your money!).
2. Invest in Your Family's Safety with Life Insurance
You don’t need to be sold on the point of life insurance.
If there’s a chance your loved ones won’t be able to manage with you gone, you already know you should seriously consider life insurance. So it’s about making sure you find the right policy for your family.
In 60 seconds, you can see if you qualify for up to $1 million in life insurance coverage starting at $16/month (terms of 10 or 20 years). Just fill out a quick online questionnaire with Bestow and you’ll receive a quote based on your needs. No medical exams, paperwork, or salespeople. Really.
If you’re at all unsure about your family’s financial future, you won’t want to miss out on getting a quote with Bestow.
3. Stop Overpaying $825/Yr in Car Insurance
You need it, you have it, and you’re probably overpaying for it.
By an average of $825/year actually.
If you haven’t recently shopped around for car insurance, take a look at Gabi - an online one-stop-shop for car insurance. With Gabi, you could reclaim your $825 in minutes. Here's how it works:
- Complete a simple form in minutes
- Gabi does the work to find the best discounts available to you
- Cash in your savings!
Since it takes just a few minutes and it’s free, what do you have to lose (besides $825/year)?
4. Get Paid $100 to Ditch your Debit card (and save the planet)
With big banks making money off your purchases and using it to destroy the planet, Earth (and your wallet) really might be strapped to a ticking time bomb…
Thankfully, eco-friendly financial institutions like Aspiration are leading the charge against the climate crisis to come. And they’re paying you to help.
When you switch your debit card to Aspiration’s Spend & Save Account, you’ll receive $100 after using Aspiration for $1,000 of your daily purchases in 60 days. That could mean groceries, rent, or food, nothing you wouldn’t already buy!
10% of the profits go to charity, instead of oil pipelines or firearm manufacturers. Not to mention, you’ll receive up to 10% cashback on purchases using your Aspiration debit card.
5. Play Solitaire on Your Phone to Earn Cash
Want to cash in more to your checking account while having fun? Check out Solitaire Cube, an app that lets you play Solitaire – but for real money.
You get paired against players of similar skill, so you have a great shot at beating them.
Think you're a good Solitaire player? You could probably rake in some serious cash. Take the example of Kate Ngyuen, who took in $380,980 last year playing Solitaire Cube.
With everyone stuck at home, even new players like Jennifer, a mother of two, are winning thousands of dollars. Imagine what how much more you could have banked after a few rounds.
Or, cash in on some sweet winnings by downloading the Solitaire Cube app now.
6. Learn How A California Mom Accidentally Raised Her Credit Score by 200 (in 90 Days)
Even with $1,000 cashed in the bank, it can be tough to life on your own terms if your credit needs improvement.
"Thanks to the help of Scott's friend, we were able to save our family from a major financial disaster... before it was too late"
Alison describes how not long ago, a family friend showed her a little-known credit "trick". Using this simple, 5-minute trick once a day, her scores accidentally went up from 588 to 781 in just 90 days: Credit Secrets.
Recently featured on the Larry King Show, Credit Secrets has changed the lives of millions of Americans. Click "Watch Now" below to see how you could improve your credit score in just a few weeks.
7. Play “New” Bingo On Your iPhone For Real Cash
Traditional Bingo was a game of chance. You’d win only if you were lucky enough to have the right card.
But now, YOU are in control with Blackout Blitz – a spin on Bingo where you see the same balls and cards as everyone else. The best part? You can win real cash in as quickly as 2 minutes!
It’s super easy to learn and a great way to kill time and make money at the same time – perfect for us staying at home!
Play for free against real people for prizes or play cash games to win real money! If you win a mini-tournament you could win well over $1,000.
8. Get Access to Insider Stock Picks - For Less Than a Cup of Coffee
If you’re tired of hearing about other people getting rich in the stock market, this might be a good day for you.
The Motley Fool founders Tom and David Gardner’s stock picks average over 487% return on the market since inception. With Stock Advisor, you’ll get access to their latest picks (and past picks) - with actionable insights for beginners and expert traders.
Through our partnership with the Fools, our readers have access to a 50% off the list price of this service and The Gardner brothers’ latest “All-In” stock alert.
Reasons To Use Stash
- Get $5 to make your first investment
- Invest in stocks and ETFs with $1 or less
- Receive your paycheck up to 2 days faster
- No ovedraft fees or minimum balances
BONUS: If You Have $5,000 to Invest, You Won't Want to Miss Out on This Exclusive App
The art market went bizonkers last week, setting 17 new world records in the first ever Zoom auction. What’s bananas is someone spent $84M for a painting of a jellybean (or is it a sideways butterfly?) without even seeing it in person. Respect.
Turns out the ultra-wealthy haven’t been hit as hard by the recession as the rest of us. Shocker, we know. In fact, art investors on average have outperformed the S&P by over 180% from 2000-2008.
So all of that sounds great, but what does that have to do with me? Well, now you too can invest in art with Masterworks. They make investing in total rippers like KAWS, Banksy, and Basquiat (whose works have appreciated at 10–25% annually) as easy as buying stocks. Sign up for an account today and skip the 25,000 waitlist.
¹For Securities priced over $1,000, purchase of fractional shares starts at $0.05. You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian. For current fee schedule, please see the Stash Wrap Fee Brochure. Other fees apply to the debit account. Please see Deposit Account Agreement for details.
Joy Wallet is a paid solicitor of Stash. Investment advisory services are 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.
Exclusive promotions, rewards and insights on the journey to financial freedom. Earn & save more today.