15 Creative Ways to Pay Rent When You Think You’re out of Money
Have you ever had to move back in with your parents as a (mostly) fully functioning human adult?
Yeah, we’re telling you from experience: You’re not going to want to.
Even if you consider your parents life’s built-in best friends, it’s not the most pleasant experience. They barge into your room while you’re changing. Nope, no knocking — just want to see what’s up.
They hint at curfews and frown upon hangovers. They let you know when you’ve disappointed them… All that high school angst bubbles up and — sometimes, in an ugly way — over.
Sound like fun? Didn’t think so. Most adult children don’t move back home by choice. It’s usually because money’s tight.
Creative Ways to Make Your Rent Payment on Time
Here are some of our most creative tricks to help you make rent on time — so you never have to experience that teenage angst again.
1. Open a Separate Banking Account
Operating everything out of one checking account can make your finances muddy and contribute undue stress to your money management.
To simplify, open a second account for a dedicated purpose. One of our favorites is the Aspiration Account — there are no monthly fees, and you’ll earn up to 100 times the interest rate of other banks.
This online-only account comes with a debit card and free ATMs, so you can easily access your money when you need it.
After you open your Aspiration Account, use it to split your income:
- Automatically deposit a portion of your income into your existing bank account, and use that to cover basic expenses like rent and bills.
- Deposit what’s left into your Aspiration Account to use for fun stuff, like eating out, shopping or going on vacation.
2. Play the Lotto (for Free)
There’s something so satisfying about those gas station scratch-off tickets, but it’s better to avoid them because, well, that’s not Penny Hoarding.
Instead, try scratching for free using an Android app called Lucktastic. Each day, it releases a new assortment of digital scratch-off tickets. Lucktastic says instant wins range from $1 to $10,000. You can also earn tokens, enter contests and play games.
The app is supported by advertising, which allows it to keep the payouts high and the games free. For more info, check out our full review.
3. Stop Deleting Your Emails
It turns out deleting your emails could be costing you money. Intrigued?
One of our secret weapons is called Paribus — a tool that gets you money back for your online purchases. It’s free to sign up, and once you do, it will scan your email for any receipts. If it discovers you’ve purchased something from one of its monitored retailers, it will track the item’s price and help you get a refund when there’s a price drop.
Plus, if your guaranteed shipment shows up late, Paribus will help you get compensated.
Disclosure: Paribus compensates us when you sign up using the links we provide.
4. Find out if You’re Paying Too Much for Car Insurance
For many, car insurance is just one of those things where we cave in and pay. Because, just like the electric bill and phone service, we need it, right?
Yes. There’s no getting around car insurance, unfortunately. But one way you could save money is by shopping around and comparing rates at least once a year. Just like you compare the prices of flights, shoes and laptops before purchasing, why not compare car insurance?
The Zebra, an online car insurance search engine that offers “insurance in black and white,” compares your options from 204 providers in less than 60 seconds.
Here’s how it works:
1. Head over to The Zebra’s search platform. Enter your car’s year, make and model, and your zip code. Continue on to answer questions about your driving habits, your car and your life.
On the right sidebar, you’ll watch rates increase or decrease based on your answers. For example, if you’ve gotten into an accident — that was your fault — in the past three years, your rates will kick up. It’s interesting to see what effect your answers might have.
2. After answering some questions, it’s time to compare. The Zebra gives you an “Insurability Score,” which is similar to your credit score except it’s for car insurance, and it teaches you how to get better rates. The site also gives you different options for coverage.
When you’re ready to consider your options and select a quote, you can also receive a phone call from The Zebra for additional support.
A nice representative (a real, live human) on the line asks if you want to speak with a specialist. If you’re truly interested in car insurance and want to ask all the questions, this could be the perfect time.
Otherwise, just keep shoppin’ around and weighing options through The Zebra.
5. Share Your Opinions for Extra Cash
Online surveys aren’t our favorite way to make money, but if you’re just vegging out on the couch — or shielding your eyes while being forced to watch “Final Fantasy 113” — why not click a couple buttons and earn a few bucks?
One option? MyPoints.
You can earn gift cards for taking polls and filling out surveys. Once you complete your first five surveys, you’ll earn a $5 bonus.
6. Find Some Hidden Cash
If you’re like most of us, you’re probably paying for more subscriptions than you realize.
To clear them up, download Truebill, an app that’ll help you identify and cancel unwanted subscriptions. The average Truebill user has $270 in subscriptions per month, the company reports. Some of them you want. Some of them you don’t even remember signing up for.
Simply connect your bank account to Truebill (It uses bank-level security!), and it will review your recurring payments. Find any subscriptions you don’t need anymore, and click to cancel them through the app. The more accounts you connect, the more likely you are to find those sneaky subscriptions.
Truebill users cancel an average of $60 per month in unwanted subscriptions. That’s a savings of $720 per year. Just imagine what you could do with that extra money.
Truebill can also help you lower your monthly bills, such as cable and internet, and find potential refunds if you experience an outage. It’s free to submit your bill; Truebill just keeps 40% of your savings for the first year.
A premium subscription on a pay-what-is-fair model from $3 to $14 a month gets you access to concierges who will automatically manage subscriptions and get refunds for bank fees.
7. Earn $150 for Opening a Credit Card (Plus Cash Back When You Use It)
Might as well take free money where you can get it. A credit card sign-up bonus is one clever place to get it.
You just have to be sure you don’t get too carried away with those purchases — and that the card is paid off at the end of each billing period.
Here’s an option we like: It’s the Chase Freedom Unlimited card*. Its claim to fame? You’ll earn an unlimited 1.5% cash back on all your purchases. Plus, if you spend $500 in your first three months of opening the card (hi, groceries), you’ll pocket a $150 bonus.
There’s no annual fee, and the cash-back rewards don’t expire.
8. Let This App Help You Earn Money
A number of companies will actually pay you for downloading apps on your smartphone or computer — this is a great way to boost your passive income!
One we love is called MobileXpression. After you’ve installed this app on your smartphone for one week, you get to play an instant rewards game for a prize (everyone wins something). We’ve seen users win a $25 Amazon gift card, but some of the other prizes include iPads and Samsung TVs.
The app collects data and helps companies better understand web and mobile usage — such as what times of day people browse, how long they stay on websites and use apps, and what types of sites and apps are popular (or not).
9. Don’t Pay Full Price When You Shop
If you’re not earning cash back when you shop, you’re basically missing out on free money.
We know it sounds strange, but Ibotta will pay you cash for taking pictures of your grocery store receipts.
Here’s how it works: Before heading to the store, search for items on your shopping list within the Ibotta app. When you get home, snap a photo of your receipt and scan the items’ barcodes.
Plus, you’ll get a $10 sign-up bonus after uploading your first receipt.
Don’t feel like leaving home? No worries. You can earn cash back online when you shop through Ebates, a cash-back site that rewards you nearly every time you buy something online.
We love it around here, because it’s an instant way to save on everything you buy. For example, Ebates gives you 10% cash-back on online purchases at Walmart.
Plus you’ll get a free $10 gift card to Walmart for giving the site a try.
To earn your gift card:
- Sign up for Ebates with your email or Facebook account.
- Use the Ebates portal the next time you need to buy something. It’s connected to thousands of stores, including Walmart, Amazon and Target. You’ll need to make your first purchase through the site within 90 days and spend at least $25.
- Your account will be credited with rewards points you can cash in for your $10 Walmart gift card.
10. Help Small Business Owners
Does earning $60 an hour sound appealing? How about the freedom to work from home while helping others succeed?
Those are the perks of working as a bookkeeper, says Ben Robinson, a certified public accountant and business owner who teaches others to become virtual bookkeepers.
And no, you don’t have to have a CPA to be successful in this business. In fact, all you really need are decent computer skills and a passion for helping business owners tackle real-world problems.
We talked to Robinson about what it takes to become a virtual bookkeeper, as well as tips and advice for making this career track work for you. You can read the full interview here, or check out his website for more information.
11. Get Paid to Lose Weight
Bottom line: HealthyWage will literally pay you for losing weight.
Not only are you getting more healthy, you’re also making some money. How’s that for motivation?
Here’s how it works:
- Read our full HealthyWage review, and sign up.
- Define a goal weight and the amount of time you’ll give yourself to achieve it.
- Place a bet on yourself ranging from $20 to $500 a month.
Depending on how much you have to lose, how long you give yourself to do it and how much money you put on the table, you could win up to $10,000!
Wondering if it can really work? We talked to one woman, Teresa Suarez, who lost 68 pounds — and made over $2,400.
12. Start a Flexible Side Gig
Need a fun, flexible way to earn money while also meeting lots of new people?
Try driving with Lyft.
Demand for ridesharing has been growing like crazy, and it shows no signs of slowing down. To be eligible, you’ll need to be at least 21 years old with a year of driving experience, pass a background check and own a car made in 2007 or later.
We talked to Paul Pruce, who’s been driving full-time with Lyft for over a year. He earns $750 a week as a driver.
Best of all, he does it on his own time. You can work days, nights or weekends — it’s up to you!
Right now, Lyft is offering a $300 sign-on bonus to new drivers when you use code EXTRA300.
Here’s what you need to qualify:
- You must be approved to drive within 30 days of your application start date.
- Once you’re in, just complete 100 rides within your first 30 days of being a Lyft driver.
And just like that, the bonus cash is yours. Easy, right?
13. List Your Expensive Space on Airbnb
Have a spare room (or couch)? Might as well try to earn some money by listing it on Airbnb.
If you’re a good host with a desirable space, you could add hundreds — even thousands — of dollars to your savings account with Airbnb.
And there’s no reason you can’t be creative. We found a guy who earns $1,380 a month listing a backyard tent on Airbnb!
(Hosting laws vary from city to city. Please understand the rules and regulations applicable to your city and listing.)
14. Ask for Help
If you’ve exhausted all your options, call a local resource line for help.
Start with 2-1-1, a confidential service offered through United Way that’ll help you find the resources you need to find affordable housing, make rent or pay utilities.
To use the service, head to 211.org and enter your location. It’ll show you services in your community and give you a number to call.
You can also look into applying for a grant. Take, for example, Modest Needs grants, which are designed for workers just about the poverty line who are ineligible for most other methods of social assistance.
15. Drink Away Your Worry
The craft beer industry is hoppin’, so take advantage of it by, well, getting paid to visit breweries.
You can get paid to mystery shop — and drink — at breweries in your area through the company, Secret Hopper. (Clever, right?)
The company is looking for detail-oriented beer-drinkers to hop around to different breweries and objectively rate and review their experiences. One Penny Hoarder gave the gig a try. He paid $16 on his visit to a local brewery. Secret Hopper paid him $20 via PayPal within a few days.
So, no, you’re not going to get rich, but you will get free beer and a few bucks for your change jar, and that makes us hoppy.
Bonus: Save Money on Renters Insurance
If you have homeowners or renters insurance, you might be paying too much for it. Try shopping around.
If you’ve never looked into it, start by getting a free quote.We recommend the online insurance company Lemonade, through which renters insurance starts at $5 a month and homeowners insurance starts at $25 a month.
Beyond affordable rates, Lemonade adds a layer of transparency you don’t often see in the insurance world. Instead of profiting extra when it doesn’t have to pay out claims, the company keeps a set 20% of your premium for itself, and 80% goes into a pool for paying claims. Money left over after paying claims each year goes to a cause of your choice.
That also means Lemonade isn’t going to be super stingy about granting customers the claims they deserve — ’cause the money isn’t going into its pockets.
Lemonade is available in Arizona, California, Georgia, Illinois, Indiana, Iowa, Maryland, Michigan, New Mexico, New York, Nevada, Pennsylvania, Texas, Ohio, Rhode Island and Washington, D.C.
*The information for the Chase Freedom Unlimited card has been collected independently by The Penny Hoarder. Opinions expressed here are the author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. The Penny Hoarder is a partner of Credible.
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