Here’s How to Create a $1,000 Emergency Fund
When you’re broke, it feels like you’re always going to be broke. It’s a never-ending cycle. You don’t have money, so you miss a bill and rack up a late charge — that you can’t pay. Because you’re broke.
The first step toward getting yourself out of this cycle is to build up a little financial cushion. Let’s call it your emergency fund. How’s $1,000 sound?
Even if you feel like you’re stuck, we’ve got eight tips to help you out. And if you follow them all, you could have an extra $1,000 (or more!) in two months’ time. It’ll be worth it — and it doesn’t have to be hard.
We’ll break it down for you week by week:
Week 1: Get Free Cash for Playing Bingo
There’s a free iPhone app called Bingo Cash that pays you up to $80 when you win bingo.
The game is based on a classic Bingo format — plus tons of variations on the game. You’ll battle it out against other players at your same skill level. Everyone gets the same board and sees the same Bingo balls, so winning is totally a matter of skill. The top three players in a game can win real money — anywhere from $1 to $80.
Over on the App Store, it has a 4.7-star rating (out of 5).To get started, just download the free app and start playing your first game immediately.
Week 2: Ask This Company to Pay Your Credit Card Bills
No, like… the whole bill. All of it.
While you’re stressing out over your debt, your credit card company is getting rich off those insane interest rates. But a website called Fiona could help you pay off that bill as soon as tomorrow.
Here’s how it works: Fiona can match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
If your credit score is at least 620, Fiona can help you borrow up to $250,000 (no collateral needed) with fixed rates starting at 2.49% and terms from 6 to 144 months.
Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.
All that credit card debt — and the anxiety that comes with it — could be gone by tomorrow.
Week 3: Cancel Your Car Insurance
When was the last time you compared car insurance rates? Chances are you’re seriously overpaying with your current policy.
If it’s been more than six months since your last car insurance quote, you should look again.
And if you look through a website called EverQuote, you can 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.
Week 4: This Research Company Will Pay You up to $225/Month to Watch Videos
This week, you’re going add a little extra cash to your savings stash. But guess what? You don’t even have to leave your couch.
InboxDollars will pay you to watch short video clips online. One minute you might watch someone bake brownies and the next you might get the latest updates on Kardashian drama.
All you have to do is choose which videos you want to watch and answer a few quick questions about them afterward.
No, InboxDollars won’t replace your full-time job, but it’s possible to earn up to $225 per month watching these videos.
It’s already paid its users more than $50 million.
It takes about one minute to sign up, and you’ll immediately get a $5 bonus to get you started.
Week 5: Get a Free $80 for Playing This Cell Phone Game
Lots of us already play Solitaire on our phones for fun or just to pass the time. Want to see if you can win money at it?
There’s a free iPhone app called Solitaire Cash that lets you play for real money. You could get paid up to $83 per win.
You might be thinking: There’s got to be a catch. This is definitely one of those spammy apps, right?
Wrong. There really isn’t a catch. Sure, you can pay to play in some higher-stakes tournaments, but there’s no pressure. And, in fact, there aren’t even any annoying ads.
With each game, you’ll battle it out against at least five other players. 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.
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.
Week 6: Add $225 to Your Wallet Just for Watching the News
It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.
And 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 Swagbucks. 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 Swagbucks will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $429 million. We talked to one user in Pennsylvania, 52-year-old Carolinda Hendrickson, who earned $1,200 in a year.
It takes about one minute to sign up, and start getting paid to watch the news.
Week 7: Get Paid up to $80/Month — Just for Sharing Your Opinion
Taking surveys might not sound like the best way to make money, but if you’re just vegging out on the couch — or pretending to be interested in your partner’s new favorite show — why not click a couple buttons? It could earn you up to $80 a month. Seriously.
There are a bunch of paid survey sites out there, but one of the best we’ve found is Survey Junkie.
They’ll ask you questions about things like, what kind of laundry detergent you use, or if you prefer Pepsi or Coke. You get points for answering, and many people accumulate enough points to request a check within a few hours.
More than 10 million people already use Survey Junkie, and it has 4.5/5 stars on TrustPilot.
Give it a try by visiting Survey Junkie and clicking the “Join Now” button. It’s free.