16 Best Money Hacks You Need to Know

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Want to save money and earn money? We rounded up 16 of the best money hacks that'll make saving money a breeze. Try them today.

Want to save money and earn money? We rounded up some of the best money hacks that’ll make saving money and making money a breeze.

Everyone wants to make extra money or save an extra $100 a month, but it can be difficult to know where to start.

The best part about this article?

A lot of these money hacks require no effort at all.

I get it. Life happens.

Sometimes you need money now or you’re trying to save up for something you want. You don’t want to fall behind on bills and are wondering how to make extra money fast. Sure, another 200 dollars earned today wouldn’t hurt.

We’ve all been there, but what do you usually do when that happens?

This is an exhaustive list of things that anyone can do, today, in order to make extra money the easy way and save it.

If you’re strapped for time, I’ll go ahead and share the best money hacks that will make saving money easy.

The Best Money Hacks I’ve Found

1. Invest in IPOs before they're publicly available

how to invest 100k

Eligible SoFi members can invest in upcoming IPOs before they’re traded on the public market—only in the SoFi app.

The app you should know about is SoFi Invest. It’s easy, it’s fee-free, and it’s a bright idea.

Not-so-newsflash: fees are frustrating and they can keep people from investing. It’s why SoFi charges $0 in SoFi transaction and management fees. So there’s no reason not to start investing.

You don’t have to be a pro to invest like one, so get trading. Get a free stock worth up to $1,000 when you sign up through this link.

Get up to $1,000 in stock when you fund a new account
SoFi Invest
4.8

SoFi Invest is one of the best investment apps, especially for beginners in the US. It offers an intuitive trading experience, active or automated investing, and options like cryptocurrencies. SoFi Invest offers a variety of investment options, including stocks, bonds, fractional shares, ETFs, options, IPOs, crypto trading, retirement accounts, and robo-advising. 

Open Account

2. Start saving — without much effort

real estate crowdfunding for non accredited investors

Rocket Money is a real, much better and desirable alternative to all the other money saving apps on the market. With Rocket Money, they have saved over $15M for its users on their bills (think cable or cell phone bills) and canceling forgotten subscriptions.

Have a cable bill that has been increasing over the years? You can now simply download a free app, and they will negotiate it down for you.

Rocket Money will help you take control of your money, users have saved over $15M to date, and all without being a financial expert or dealing with staying on top of your bills, which can be a full-time job.

There is a reason why they currently have over 50,000+ users, this app really gets you back free money.

If you’re interested, I recommend you sign up for more information from Rocket Money by clicking here.

#1 Money Saving App
Rocket Money
4.5
Rocket Money is free to use

Rocket Money helps 3.4+ million members save hundreds. Get the app and start saving today. Save more, spend less, and take back control of your financial life.

Start Saving Now Read Review

3. Automate your finances

credit cards for newlyweds

Set up automatic payments for your bills and savings so you don’t have to think about it. You can do this by setting up direct deposit for your paycheck and setting up automatic payments for your credit card, utilities, and other recurring bills. This will help you stay on top of your finances and make sure that your bills are always paid on time.

You can also do this via budgeting tools like Mint and Empower, which will track your spending and help you set up a budget. Having a budget is key to taking control of your finances and ensuring that you’re spending within your means.

4. Get paid to start investing — with a bonus

best investment apps

Join over 5 million people and start investing your spare change with Acorns! Sign up in under 5 minutes and grow from there with a full financial wellness system at your fingertips. Supported by leading investors, innovators and press like BlackRock, PayPal, Ashton Kutcher, and CNBC.

Sign up to try it risk-free with a $10 sign up bonus.

Remember, you’ll get a $10 bonus when you sign up and make your first investment!

The sooner you start investing, the sooner your money can start to grow toward your goals. This is one of the best money hacks that can help you earn real passive income over time.

Earn $20 bonus
Acorns
4.5

With Acorns, you can easily invest your spare change. Anyone can “squirrel” away some money and become an investor with Acorns. Enjoy a $20 welcome bonus when you open a new Invest account and set up recurring investments.

Open Account

5. Score cash taking surveys

app bonus

Taking online surveys with Survey Junkie to make extra money is a no-brainer!

You definitely won’t get rich or make hundreds of dollars per day with surveys alone, but you won’t waste much time, and you can make some money the easy way. It is my #1 favorite (and highest paying) survey site:

Survey JunkieThis is a free survey app for your phone that pays you to take online surveys, participate in focus groups, and try new products.

And, I really mean free all around – free to join and they don’t charge anything to be a member (they will actually pay you in cash via PayPal).

Join for free through this link and get your free registration bonus.

$1.6M+ monthly payout to its members
Survey Junkie
4.5
Over $55,000 Paid to Survey Junkie members daily

Survey Junkie is one of the highest-paying survey sites available. Complete three or more surveys a day, and you can earn as much as $100 monthly. With $76 Million paid out to date, Survey Junkie is one of the best survey sites available.

Start Earning Survey Junkie Review

6. Earn free gift cards while watching Netflix

free cable tv

Swagbucks is another great money hack to use to earn some easy cash for just pushing a few buttons in your free time. I personally use it and usually make up to $3 per survey while watching TV, and it does add up..

Getting started is easy:

  1. Click here to sign up. Remember, it’s 100% free.
  2. Confirm your email to get the $10 sign up bonus.
  3. Take paid surveys anytime and anywhere via PC, laptop, tablet, or mobile app earning up to $3 per survey.
  4. Get paid cash via PayPal.
Earn around $50 to $1,000 per year
Swagbucks
5.0
$10 welcome bonus

Swagbucks offers a variety of ways to earn money online. You can take surveys, play games, surf the web, watch videos and more to earn points towards gift cards or cash.

Start Earning Swagbucks Review

7. Get paid to not delete your emails

sell my laptop

So this happened.  I bought something online from Target.  The price of the item that I purchased dropped in price after the fact.

I effortlessly got refunded (for free) without doing a thing, other than originally sign up for Capital One Shopping.

It’s as simple as that.

This free app will scan your emails for any purchase receipts from dozens of online retailers. You don’t even have to know about the price drop in order to get your refund. It’s 100% free and will save you a lot of money. 

I pocketed around $50 in the first few weeks of signing upRemember, it’s 100% free!

Capital One Shopping
4.3

Capital One Shopping helps you save money while you shop online. Free for everyone - no Capital One account required. With Capital One Shopping: It does the work for you -- it’s kinda genius. In the last year alone, Capital One Shopping found over $160 million in savings. Capital One Shopping is just another way Capital One is looking out for you and your money.

Learn More

Capital One Shopping compensates us when you sign up for their service using the links we provide.

8. Get paid to watch videos & collect your $5 right now

get paid to watch videos

The next thing you can do is sign up for InboxDollars which pays you, in cash, to watch fun videos & take surveys. 

If you sign up before the end of December, they also give you a $5 free bonus just to give it a try.

By spending just 5-10 minutes per day on this (either on your lunch break or during TV commercial breaks) you can earn and earn an extra $50/month.

More people should be doing this!

$5 sign up bonus
InboxDollars
4.5

InboxDollars offers a variety of ways to earn money online. You can take surveys, play games, surf the web, watch videos and more to earn points towards gift cards.

Start Earning InboxDollars Review

9. Let Nielsen learn about your internet usage

best rebate apps

Have you heard of Nielsen before? They track TV ratings (Nielsen Ratings) and they now want to track how popular apps and online videos are. They do this by measuring normal activity on user’s cell phones and collecting it anonymously.

This company has been around since 1923 and have created a unique app that pays $50 per year just for installing it.

It’s simple, non-invasive, and doesn’t slow down your device or lower your battery life. So, if you want to install the app and collect $50, you can learn more here.

Get $60 for installing app
Nielsen Mobile Panel
5.0

This company will pay you $60 a year to keep their app on your favorite internet browsing device and they also give away $10,000 each month. You don’t have to do anything other than initially registering your computer or phone.

Join Nielsen Panel Nielsen Review

10. Get a free stock from Robinhood

how to invest 500 dollars

Robinhood offers free investing for everyone with commission-free investing, plus the tools you need to put your money in motion. Sign up and get your first stock for free worth up to $200.

And more free stock (up to a $200 value) every time one of your friends opens a Robinhood account from your promotional link. That’s up to $1,000 in free stock every year.

If you join through this link, you’ll earn a specified dollar amount and be able to pick your gift stock from a list of 18 of America’s leading companies.

The value of the fractional share may be anywhere between $5.00 and $200 and fluctuates based on market movements.

Robinhood
4.5

Robinhood has commission-free investing for stocks, options, ETFs, crypto, and tools to help shape your financial future. Sign up and get your first stock worth between $5 and $200, free.

Open Account Robinhood Review

11. Refinance student loans and save money

If you’re ready to refinance your student loans, then you can save thousands or lower your monthly payment.

Student loan refinancing saves you money and you could snag a lower interest rate, decrease your monthly payment, or both. But which lenders are the best to refinance and save money?

We recommend these leading lenders that specialize in refinancing student loans and helping you save money on them. Keep in mind that checking your rate is free, and won’t affect your credit. 

If you're ready to learn more — Splash Financial is the best in terms of rate and helping you lower your student loan payment for both private and federal student loans.

Best for low rates
Splash Financial
5.0

By partnering with a diverse network of lenders, Splash Financial expands borrowers' possibilities and empowers them to make informed decisions about their student loan refinancing. This approach allows borrowers to conveniently compare loan terms, interest rates, and repayment options from different lenders, ultimately helping them secure the best possible outcome for their individual circumstances.

Get My Rate

12. Get a better checking account

best checking accounts

One of the best money hacks that most consumers should consider is getting a better checking account. There are many traditional financial institutions JPMorgan, Chase Bank, Bank of America, Citigroup and Wells Fargo that offer checking accounts with high bank fees and low-interest rates.

However, there are also some new online banks that offer paychecks up to two days faster than traditional banks when you sign up for direct deposit.

There are no minimum amount of money required to open or maintain an account through these checking accounts and they do not charge any hidden fees. You can see a list of our favorites below:

Best for liability protection
Best for cashback rewards
Best for APY
Best for mobile banking
Best for building credit
MMG Rating:
5.0
MMG Rating:
5.0
MMG Rating:
4.5
MMG Rating:
3.9
MMG Rating:
4.5
Monthly fee: $12
Monthly fee: $0
Monthly fee: $0
Monthly fee: $0
Monthly fee: $0
  • Bonus: $300
  • APY: N/A
  • Bonus: $300
  • APY: 3.30%
  • Bonus: $250
  • APY: 4.60%
  • Bonus: N/A
  • APY: 0.10%
  • Bonus: N/A
  • APY: N/A
Best for liability protection
MMG Rating:
5.0
Monthly fee: $12
  • Bonus: $300
  • APY: N/A
Best for cashback rewards
MMG Rating:
5.0
Monthly fee: $0
  • Bonus: $300
  • APY: 3.30%
Best for APY
MMG Rating:
4.5
Monthly fee: $0
  • Bonus: $250
  • APY: 4.60%
Best for mobile banking
MMG Rating:
3.9
Monthly fee: $0
  • Bonus: N/A
  • APY: 0.10%
Best for building credit
MMG Rating:
4.5
Monthly fee: $0
  • Bonus: N/A
  • APY: N/A

13. Use a personal loan to build credit

When you have a high-interest loan, it could be difficult to repay the amount every month. The most common financing options people opt for are personal loans, payday loan apps and credit cards.

People generally shy away from taking a personal loan as they are known to come with high rates of interest. However, they are still a cheaper alternative to credit cards.

When you have more than one credit card, you will have to pay a high rate of interest on the outstanding amount of all the cards. Even if you opt for a credit card that comes with a 0% balance transfer plan, you will have to finish paying off the amount during the introductory period. Once the introductory period is over, the interest rate will shoot up to a two-digit figure.

When you use the personal loan amount to finance a high-interest loan, you not only reduce the burden on your overall finances but also improve your credit score immensely.

Due to competition from the top banks, you will come across some banks offering personal loans at attractive rates. Generally, the banks with which you have an account already will offer loans at great rates.

Fast-funding option for borrowers with low credit scores
Upstart
4.9

Rate: 6.70-35.99%

Loan amount: $1,000-$50,000

Min credit score: none

Pros:
  • Accepts borrowers new to credit.
  • Able to fund loans one business day after the borrower accepts a loan offer.
  • Offers direct payment to creditors with credit card consolidation loans.
  • Allows borrowers to choose and change payment date.
Cons:
  • May charge an origination fee.
  • Borrowers can choose from two repayment term options only.
  • No mobile app to manage a loan.
CLICK HERE TO START APPLICATION →

14. Buy cryptocurrencies

If there’s one trend from the pandemic that has exploded, it’s the rise in cryptocurrencies. Most famously those of Bitcoin, Ethereum, and Dogecoin that have made the front pages of the press over the past year, these forms of currency are digitally encrypted forms of payment that can be used to buy goods and services online.

While each kind of cryptocurrency has a price associated with the currency, these currencies work similarly to stocks in that they rise and fall.

This is how a small investment can become profitable. As supply and demand shifts, these cryptocurrencies and more businesses begin to accept them as a form of payment in the years to come. It's also easy to find the best places to buy Bitcoin and other crypto exchanges such as Coinbase and TradeStation Crypto.

Being ahead of the game before this practice becomes a commonplace in society, it can score you some extra spending cash. There are over 4,000 cryptocurrencies out there right now and investing in the next big thing could score you a fairytale kind of come up.

 
 
 
Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
Trading fees: None
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.7
4.5
4.5
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Higher fees than other cryptocurrency exchanges
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
  • Not available in all 50 states
  • Crypto staking no longer available in US
Trading fees: 0.4% Maker Fee / 0.6% Taker Fee
4.7
  • Offers access to more than 200 cryptocurrencies
  • Low minimum to fund account
  • Quick crypto withdrawals
  • Higher fees than other cryptocurrency exchanges
Trading fees: None
4.5
  • No fees for crypto trades
  • Convenient if you already have a Robinhood brokerage account
  • Comparatively fewer cryptocurrencies offered
  • No crypto-to-crypto trading
Trading fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos *Kraken Instant Buy
4.5
  • Advanced features on Kraken Pro, including margin trading
  • Great customer service
  • Low Bitcoin (BTC) withdrawal fees
  • Not available in all 50 states
  • Crypto staking no longer available in US

14. Invest in real estate

real estate investing for beginners

Wouldn’t it be great if you could invest in commercial real estate and apartments without dealing with all the hassle of buying, improving, and re-selling real estate?

You don’t have to be a millionaire to invest in these types of properties. You can now invest in large-scale real estate for as little as $10 with Fundrise.

Through its real estate investing app, investors earned an average of 8 – 11 percent on their money last year, and all without painting a wall or dealing with unruly tenants.

There is a reason why they currently have over 200,000+ users, this app really pays you!

Fundrise
5.0

Fundrise is a very easy-to-use app that allows individuals to access crowd-funded real estate investing without spending a fortune. This option is best for users who want to make money consistently and let their money make them money. Open an account with a minimum investment of $10 and get quick access to real estate funds tailored to different investment goals.

Open Account Fundrise Review
We earn a commission for this endorsement of Fundrise.
Real estate investing not your thing? Other smart ways to invest include:
  • Acorns: Open a new Acorns account and earn a $20 credit. It’s that simple — no minimum deposit or balance is required. You’ll receive the sign-up bonus credit after completing your account registration.
Earn $20 bonus
Acorns
4.5

With Acorns, you can easily invest your spare change. Anyone can “squirrel” away some money and become an investor with Acorns. Enjoy a $20 welcome bonus when you open a new Invest account and set up recurring investments.

Open Account

15. Track your dividends with dividend trackers

A dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors.

As an investor, you need to track your dividend income to see if it’s growing or not. Aside from that, following your dividend will help you decide if you should reinvest your income or not.

If you’re looking for the best dividend tracker, you could use Empower. By using the free app. you can easily track the progress of all your investments, including dividends, by looking at simplified graphs.  

It also provides risk-level information to help you balance your portfolio. It also gives out suggestions like reinvesting your dividends, and it also allows you to set the period for which it tracks and reports dividend earnings.

Empower
5.0

Take control of your finances with Empower's free personal finance tools. Get access to wealth management services and free financial management tools.

Open Account Empower Review

16. Get help expert help choosing stocks

Motley Fool Stock Advisor has been around since 2002 and is designed to help you outperform the stock market and create real value for your portfolio. I’m not talking about buying meme stocks like GME or AMC. The goal is to buy businesses, not tickers.

Motley Fool Stock Advisor, which is run by Motley Fool co-founders David and Tom Gardner, allows you to find the best investment stocks and it also raises the confidence levels for any investor.

The real value of Stock Advisor isn’t the quantity of stocks, but how good they are and how effective at helping investors make a tidy profit. Some of the top picks include Booking Holdings (NASDAQ: BKNG) and UnitedHealth Group (NYSE: UNH) which has generated returns of more than 950%.

Special $79 Stock Advisor Introductory Offer
Motley Fool Stock Advisor
4.0

Want to know which stock to buy next? Check out The Motley Fool advisor program and you can get recommended stock picks before the next market close. Plus, if you join today, you can get special pricing as our reader.

Claim Your Discount → Motley Fool Review

Ready to Use These Best Money Hacks to Your Advantage?

While most of these apps can help you make extra money it’s important to save it. If you don’t already have an emergency fund set up, make that your priority.

These money hacks can are designed to keep you out of debt and living below your means.

It is a way of life that enables you to spend as little as possible and use the extra cash to pay down debt, take a vacation that you always wanted, or use your free time to spend quality time with your loved ones.

Did we miss any money hacks? Let us know below!

Best Apps to Help You Save

 
Our Pick
 
  • Free budgeting tools
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
  • Automatically invests spare change
  • $20 new user bonus
  • Cash back at select retailers
  • Get control over your subscriptions
  • Stay on top of your spending
  • Put your savings on autopilot
  • Free budgeting tools
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Our Pick
  • Automatically invests spare change
  • $20 new user bonus
  • Cash back at select retailers
  • Get control over your subscriptions
  • Stay on top of your spending
  • Put your savings on autopilot

About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!