1. Guarantee a fixed, dependable return with a CD
With a Certificate of Deposit (CD), you can get a much higher interest rate on your balance if you agree not to touch the funds for a fixed term, which can range from three months to a few years.
Because CDs are FDIC-insured, they are one of the safest options available for safeguarding and growing your wealth.
With CD Valet – an online CD marketplace – users can shop and compare top certificates of deposit rates from various banks and credit unions nationwide.
Their extensive database shows the most competitive rates, with daily rate updates and earnings calculators that give consumers an array of free tools to help them find the right CD to meet their savings goals.
@cta_button(url=https://moneywise.com/c/1/443/1866?placement=button1;text=Learn More ;type=article
2. Stop wasting money on overpriced car insurance
Car insurance is likely taking a big chunk out of your monthly budget, but it could be keeping you safe for less. Insurance companies tend to pile on confusing add-ons and lingo, which leads you to pay more than necessary.
OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.
You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results.
Find offers as low as $29 a month.
3. Pay off credit card debt with a personal loan
When you have control over your debt, you can enjoy peace of mind and look forward to the future.
Credible makes it easy to streamline your debt repayment at an affordable rate. Their online marketplace of vetted lenders provides personalized debt consolidation loan offers based on your needs, allowing you to pay off your debt more efficiently at a fixed rate without juggling multiple bills.
All you need to do is provide some information about yourself, and Credible will present you with a list of loan options to start tackling your debt.
4. Automatically invest your spare change
Acorns is an investing service and savings tool rolled into one.
When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess — the coins that would wind up in your pocket if you were paying cash — into a smart investment portfolio.
Let’s say you purchase a doughnut for $2.30. Before you’re done licking the sugar off your fingers, Acorns will round the amount to $3.00 and invest the 70-cent difference for you. That’s all there is to it.
Your spare change may not seem like much, but look at this math: $2.50 worth of daily round-ups add up to $900 per year — and that’s before your savings earn money in the market.
Plus, if you sign up now you can get a $20 bonus investment.
5. Grow your wealth and retire early with a trusted advisor
Secure your financial future with confidence through a personalized plan designed to optimize investments, navigate taxes, and ensure a comfortable retirement.
And don’t feel like you have to do it alone. Studies show that working with an advisor can add as much as 3% more to your annual returns.
Advisor.com is an online platform that simplifies the process of finding a financial advisor you can trust. They match you with several vetted fiduciary advisors who are evaluated based on their credentials, education, experience and pricing.
The best part? It won’t cost you a dime to find your perfect advisor through Advisor.com.
