1. Check if you’ve got any unclaimed money lying around
It’s possible that you have unclaimed money just sitting in an old account — seriously, it happens a lot. In fact, Americans currently have more than $40 billion in unclaimed funds.
The best place to start your search is MissingMoney.com, which will show if you left any money in an old checking or savings account, or if you’re entitled to unclaimed life insurance policies from relatives who have passed away. (You'll want to be a lot more careful when you buy your own life insurance policy.)
You also should check with the IRS to see if there are any tax refunds you're missing.
You can amend your previous tax returns for up to three years if you were eligible for a refund but neglected to claim it.
2. Turn your hobby into a side gig
Got a hobby? You might be able to use it to score some side gigs and supplement your income.
Fiverr is the world’s largest online marketplace for digital services, and makes it super easy to get paid for doing what you love.
It’s sort of like using a dating site — you just create a profile describing what you bring to the table, and people will find you based on what they’re looking for.
Once you start completing gigs and racking up positive reviews, you can bump up the price of your services and make even more money.
Who knows? You might even find that you’re able to support yourself on your freelance income alone — and never have to go back to an office again.
3. Stop overpaying on car insurance
If you own a car and you’re not shopping around for a lower insurance rate every six months, you could be throwing away up to $1,127 a year.
Comparing rates from multiple insurance companies may sound like a lot of work, but SmartFinancial can find you a better deal on insurance coverage in three minutes.
Just answer a few quick questions and SmartFinancial will sort through quotes from more than 200 insurance companies to find you the lowest price available for the coverage you currently have.
It’s totally free, so even if you’re just curious it’s worth checking out — to see how much you could save.
4. Make money playing games
You may have heard of companies that pay you cash to fill out surveys. In most cases, the pennies you’ll earn aren’t worth the effort you’ll put in. However, we found one called Swagbucks that’s actually worth your time — and it’s not just surveys.
You also can earn money and gift cards for doing stuff like watching videos and playing games on your phone, and by just shopping online at Amazon or Walmart.
In only a few weeks, a Swagbucks user named Elizabeth earned enough rewards to cover the materials for her husband’s EMT training program.
“I was able to get enough Amazon gift cards to purchase [his] blood pressure cuff, stethoscope, first responder pants, and a penlight… and I spent nothing out of pocket,” she says.
There’s no minimum time commitment, so you can make money at your own pace whenever you’ve got a free minute. And, Swagbucks is available for your phone, tablet and computer, so you can earn rewards anytime, anywhere.
5. Trade in your debt for a better deal
High-interest debt from credit cards and personal loans can be a major drain on your bank balance, especially if you’re making only the minimum payments each month.
If you want to break free from your debt ASAP, your best bet is to take out a debt consolidation loan with the help of a free service called Credible.
With a debt consolidation loan, you’ll trade in all of your current debts — credit cards, loans, everything — for a single monthly payment at a lower interest rate.
Credible will show you quotes from all the lenders in your area willing to give you a loan, which makes it easy for you to shop around and find the best rate. You can borrow up to $100,000 with no collateral at rates as low as 5.95%.
Depending on how much interest you’re paying on your current debts, consolidating them with Credible could save you thousands of dollars and help you become debt-free years sooner.
6. Get $100 just for doing your regular shopping
Cash-back cards are a great way to get a bit of money back every time you buy gas or get groceries, but they often come with hefty annual fees.
But a Spend & Save account from Aspiration is free, and you can earn up to 10% cash back on every purchase you make. On top of that, Aspiration will give you $100 just for signing up.
As long as you use your Aspiration card to spend $1,000 within the first 60 days — your groceries, utilities, and cell phone bill should easily cover it — you’ll get $100 automatically added to your account.
All you have to do is verify your identity by entering your email and Social Security number (standard practice anytime you open a new bank account), then connect your bank with a service called Plaid. It’s what Venmo uses, and it’s totally secure.
You'll basically earn free money, just for doing your regular shopping.
7. Get paid when businesses behave badly
Not all lawyers are bad — some are even working to get you free money through class-action lawsuits.
Check ClassAction.com to see if you qualify for reimbursement over products or services you purchased in the past that were falsely advertised, defective, or that you were overcharged for.
Recent settlements have involved companies including Apple, Tesla, Juul and others.
The criteria for eligibility will vary depending on the lawsuit, but in some cases you may not even need a receipt to get reimbursed. If proof of purchase is required and you can’t find your receipt, remember to check your bank and credit card statements.
Many class action claims can be completed online in a few minutes, though it may take up to a year to receive your rebate.
8. Clean out your closet and cash in
Mess creates stress, and if you’re already worried about money, you don’t need piles of clutter adding to your anxiety. But trying to sell your old electronics, books, and movies online can be a chore, and you might make only a fraction of what your items are worth.
We compared the top services online and found that Decluttr pays up to 33% more than other buyback programs, plus it was super easy to use.
Just type in the specs of your old gadgets or use the Decluttr app to scan the barcodes on your books, video games and DVDs, and you’ll get a quote instantly. Then all you have to do is put your stuff in a box, stick on the free shipping label, and drop it off at the nearest UPS store.
As soon as Decluttr gets your castoffs, you’ll be paid the next day via PayPal or direct deposit.
Your place will be cleaner, and you’ll have some extra money to help cover your rent.
9. Shave some money off your student loans
Payments on federal student loans have been paused through the end of 2020, but if you’ve got debt from a private student loan you’re still on the hook for your regular monthly minimum.
The good news is that right now interest rates on private student loans are at all-time lows — as low as 1% in some cases — and refinancing your loan with Credible can save you a bundle.
Refinancing lets you pay off your current debt with a new loan that has a lower interest rate. Your monthly payment will go down, and you’ll have more money to spend on other things.
Credible will find you quotes from multiple lenders in just minutes, so you can shop around and make sure you’re getting the best rate possible.
With the right refi, you could pay off your student debt much more quickly, and save thousands in interest.
10. Use AI to find a better job
The job market is tough right now, and if your job hunt is coming up short it might be time to expand your search to positions that fall outside your field.
ZipRecruiter is a free online job board that uses artificial intelligence to match you with the best jobs from more than 8 million postings, based on your skills, education and experience.
ZipRecruiter also provides valuable information on over 35,000 job titles, including the credentials required and the criteria that recruiters look for in a top candidate.
By broadening your search using ZipRecruiter, you may be able to find a career you didn’t even know you were qualified for.
11. Pay less for everything online
If you do most of your shopping online — and these days who doesn’t? — you likely have some go-to websites (cough Amazon cough) that you always use.
But Amazon doesn’t always have the best prices, and nobody has time to price-check every store.
Capital One Shopping is a free browser extension for Chrome that will automatically find you deals and coupon codes every time you shop online.
You also can set price-drop alerts for your favorite products, so if they go on sale you’ll be the first to know.
Taking a moment to install Capital One Shopping could save you hundreds of dollars each year.
12. Burn calories while you earn
Food delivery has become a booming industry during the pandemic, and putting in a few hours a week as a delivery person is a great way to make some quick cash without having to make a big commitment.
DoorDash is a delivery service that allows you to choose your own schedule and work whenever you want. You can earn up to $30 an hour and make deliveries anywhere, whether it’s close to home or in a neighborhood you’re just visiting.
You don’t even need to have a car to become a DoorDasher — you can use a bike and get in your cardio workout for the day while you earn.
All you need to get started is a smartphone and a car or bike. The sign-up process takes only a few minutes, and once you’re approved you can start making deliveries right away.
13. Tell a robot to make your budget
Do you need your butt kicked to get your budget in shape?
Cleo is an AI digital assistant with a huge personality. She’ll build you a custom budget and cheer you on when you’re doing well — but rip you a new one when you’re falling behind.
It’s like having a financial planner in your pocket. Best of all, it’s free to use and takes only a few minutes to sign up.
14. Turn your trash into cash
Got a closet full of collectibles? Well, maybe the time has finally come to take the plunge and list them online — and they might be worth even more than you think.
For example, some of your toys from the 1970s and '80s could be worth hundreds of dollars — or possibly thousands — if you’ve kept them in good condition.
Selling stuff on eBay is relatively simple, but if you’ve never done it before, check out our handy guide.
15. Play the market with free stock
If you’ve never played the stock market before, you might think that owning stock in a well-known company is out of reach right now.
But there’s an app called Robinhood that will let you buy pieces of companies like Google and Tesla for as little as $1 — and when they profit, so can you.
Robinhood allows you to invest in fractional shares of stocks, options, exchange-traded funds (ETFs) and cryptocurrencies. Best of all, there are no fees and no commissions.
And when you sign up, Robinhood will add one free share to your account — and there’s a chance it’ll be from Facebook, Visa or Microsoft.
16. Invest your spare change and get $10 free
Another easy way to start investing in the stock market is by putting your spare change to work.
Acorns offers micro-investing accounts that start at just a few bucks a month. The “round-up” feature lets you invest the spare change that’s left over whenever you make a purchase.
So if you buy a coffee for $3.65, 35 cents will get added to your account. It may not seem like much, but over time that spare change can really add up.
And if you sign up using this special link, Acorns will add $10 to your account as soon as you make your first investment.
17. Find a better deal on your homeowners insurance
If your home insurance bill is higher than you’d like, you might be able to trim it down by shopping around online for a better rate.
SmartFinancial will let you compare quotes from hundreds of insurers for free, in only two minutes. Just answer a few basic questions, and you’ll instantly see the best deals available in your area.
You could save close to $1,000 a year on your homeowners policy by comparing rates, while still keeping the same level of coverage you currently have.
18. Go viral on YouTube
Do you love being in front of the camera? You might be able to make money on YouTube.
If your content goes viral, you could potentially make serious cash — some of the highest-paid YouTubers are raking in over $20 million a year.
It’s hard to know what type of content will take off, so be mindful that you could end up sinking hours into a video that only a handful of people will watch, and that will net you $0 in profit.
If you’re not sure where to start, check out our guide on how to make money on YouTube.
What are your spending habits?
When you know where your money is going, you can make better financial decisions.
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