If You Have More Than $1,000 in Your Checking Account, Make These 6 Moves
You’ve done it. You’ve built up a little cushion in your bank account — $1,000! It feels good, right? Those days of checking your account balance in a panic are behind you.
Congrats! You’re on the right path. Now it’s time to think about some longer-term goals. What do you want to accomplish next with your money? Do you need to save more? Do you want to buy a home someday? Invest?
What’s the next step you should take? What are some specific things you can do to take your finances to the next level?
We’ve got some ideas for you:
1. Get up to $1K in Free Stock Just for Signing Up and Funding Your Account
Inflation is doing a great job of making it really difficult to buy, well… anything. And that includes stocks.
Luckily, when you open a free SoFi Invest account and fund it with at least $10, they’ll give you free stocks in return — worth up to $1,000.
With SoFi, You can buy full or fractional shares of popular stocks, plus you can invest in exchange-traded funds — or collections of stocks.
If you’re new to investing, SoFi has automated investing tools to help simplify things. Plus, they won’t charge you any SoFi management fees.
It only takes a minute to open a free account and get started. Then, once you fund it with at least $10, SoFi will reward you with your free stock — which could be worth up to $1,000.
2. Cancel Your Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But don’t waste your time hopping around to different insurance companies looking for a better deal.
Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
3. Stop Paying Your Credit Card Company
If you 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 — some up to 36%. 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 2.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.
You don’t need a perfect credit score to get a loan — and comparing your options won’t affect your score at all. Plus, 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 less than a minute and just 10 questions to see what loans you qualify for — you don’t even need to enter your Social Security number. 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.
4. Let This Company Find the Right Credit Card For You (For Free)
Finding a credit card isn’t always easy. It’s not always clear what you’ll qualify for, and you really don’t want to ding your credit score applying for one you’ll just be denied for. That will just make it even harder to get approved for the next one.
Luckily, Credit Sesame can identify the right credit card for you so you can apply with confidence — for free.
You likely already know Credit Sesame for its credit monitoring and improving services — now its new matching tool will review your credit profile and show you your true chances of approval for all sorts of cards, from credit builders to elite credit cards stacked with awesome rewards.
You’ll be able to compare your chances of approval, interest rates, fees and more for each card. And once you find one you like, it takes just seconds to apply. And it’s all free. Get started here to find the right card for you.
5. Become a Competitive Solitaire Player — Make Up to $83 Per Win
Wait, that’s a thing? Yep. An iPhone app called Solitaire Cash lets you play for real cash — up to $83 every time you win.
It’s the classic Solitaire game you know and love, and you’ll battle it out against other players at your same skill level. Everyone gets the same deck, so winning is totally a matter of skill. The top three players who solve the deck fastest can win real money — anywhere from $1 to $83.
And no, there’s no catch. There are no ads, either. You can play for free or pay to play in higher-stakes tournaments. Over on the App Store, it has over a million downloads and more than 15,000 ratings, averaging 4.7 stars (out of 5).
To get started, just download the free app and start playing your first game immediately.
6. Leave Your Family $1M — For Less Than $1/Day
You take pride in the time, money and effort you put into fulfilling your duty as a parent or spouse. You take care of your family. Don’t you want to keep protecting them even after you’re gone?
If you have a family who depends on you, it’s a good idea to consider term life insurance. A company called Fabric by Gerber Life can help you leave your family up to $1 million — even if you’re not rich.
Maybe you’ve considered this before, but the thought of never-ending sales calls and paperwork is just too much. But with Fabric, the process is super simple. It takes just 10 minutes to apply, and you don’t even have to leave your couch. Qualified applicants can even get coverage without a medical exam.
You’ll start with a 60-second quiz, which will help you find out if term life insurance is right for you. If it is, and you choose to apply, Fabric can help you do so in 10 mins. Qualifying applicants could get an instant decision and start their policies as soon as today. Oh, and Fabric is partnered with Gerber Life and has a Trustpilot rating of 4.8/5 stars with more than 1,900 reviews, so you know they’re trustworthy.
Want to help make sure your family is protected after you’re gone so things like tuition and mortgage payments can stay on track? Get started here. You could be covered in just 10 minutes.
*Sofi Invest: Customer must fund their Active Invest account with at least $10 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%.
Terms for ‘Claw’ Promotion: https://www.sofi.com/invest/clawpromotion/rules
SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“Sofi Securities”). Clearing and custody of all securities are provided by APEX Clearing Corporation.
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For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Bank, N.A.
*Fabric: Pricing shown is as of 08/04/22 for a 10-year term and based on a 30-year-old, 170 lb, 5’4”, non-smoker female in TX in excellent health.
**Pricing as of 08/04/22 for a 10-year term and $100k in coverage, based on a 25-year-old, 170 lb, 5’4”, non-smoker female in TX in excellent health.
*Solitaire Cash: Real Money tournaments are not available in the following states: AZ, AR ,IA, IN, LA, ME, MT, SC, WA