Tag: cash back

Earning Cashback

Swagbucks: Is it Worth the Time to Earn the Virtual Currency?

Advertiser Disclosure

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

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As someone who enjoys getting things for less by leveraging frequent flier miles, cashing in credit card rewards points or the occasional churning of a credit card, the idea of earning gift cards or cash just by using an online search engine intrigued me. Enter Swagbucks.

How Swagbucks Works

Swagbucks is an online rewards program where you can earn virtual currency known as “Swag Bucks”. The more Swag Bucks you earn, the faster you can capitalize on obtaining prizes.

Setting up a Swag Bucks member account is a simple process. The website is fairly easy to navigate although it can appear overwhelming at first due to the amount of promotional offers available to earn Swag Bucks.

You can earn Swag Bucks (SB) in several different ways that include buying items, redeeming coupons, screening promotional videos, friend referrals, playing games along with answering surveys and polls. By far the easiest way to earn the online currency is using their search engine, Swagger, every time you log into your account.

Earning swagbucks

Swagbucks earns money from Google sponsored advertisements and in turn passes on some of their earnings to members in the form of Swag Bucks. Swag Bucks are immediately credited to your account upon completion of each task with the exception of those earned from shopping online via the Swagbucks website. It can take between 32-92 days from the date of purchase for shopping Swag Bucks to be credited to your account.

How to Redeem Swag Bucks

Once you have accumulated between 450 – 500 SB, you can cash them in for a $5 gift card from several major retailers such as Amazon, Starbucks, iTunes and Target. You can also choose to donate your Swag Bucks to help support a Swagbucks charitable organization partner like the American Red Cross or Doctors Without Borders.

Swag Bucks Gift Card Redemption Scale

  • 450-500 SB = $5 gift card.
  • 1000 SB = $10 gift card.
  • 2000 SB = $20 gift card.
  • 2500 SB = $25 gift card.
  • 5000 SB = $50 gift card.
  • 10000 SB = $100 gift card.
  • 25,000 SB = $250 gift card.

Once you redeem your Swag Bucks for a gift card, it can take up to 10 days to fulfill your request and receive receive your gift card code via e-mail. 

Swagbucks Swagstakes

Another option is to enter a Swagbucks Swagstakes. By redeeming Swag Bucks for Swagstakes entries, you have the opportunity to earn bigger prizes. Each Swagstakes are either divided into Limited Entry contests, which open to a select number of entrants, or Limited Time contests that offer discounts for multiple entries. 

Swagbucks Cash Redemption

If you prefer to redeem your Swag Bucks for cash then you would elect for a PayPal gift card. In doing so, you can transfer the amount on the gift card from your PayPal account to your personal bank account. Note that you will need to earn 2500 Swag Bucks in order to redeem the lowest available PayPal gift card which is $25.

Additional Points to Consider

If you are concerned as to whether Swagbucks is a legitimate enterprise, then look no further than the Better Business Bureau. Swagbucks has an A+ rating with the BBB and have been in existence since 2005.

Keep your purchase receipts in order to resolve any discrepancies if Swag Bucks earned from shopping are not credited to your account. Remember that it can take 32-92 days from the purchase date before Swag Bucks are posted.

Swagbucks is 100% free to join and it doesn’t take much effort in order to start earning Swag Bucks. If you refer a friend and they join Swagbucks then you’ll earn 10% of the Swag Bucks they earn, for as long as they remain active. This is a pretty sweet referral deal.

What may be harder to determine is how much time is being spent to complete each task and whether the effort is really worth your time. It will also take you longer to accumulate enough Swag Bucks in order to redeem a PayPal gift card for cash versus a retailer gift card.

Spending a few minutes on Swagbucks to earn free gift cards or cash, especially when doing things that you were already planning to do like searching online and shopping can eventually result in more money in your wallet.

Check out these other referral sites:

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Earning Cashback

Walmart Credit Card: Special $25 Holiday Offer Too Good to Be True?

Advertiser Disclosure

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

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Walmart wants you to spend a lot this Holiday season. If you turn on a television, chances are that you will see Walmart ad. One of the most prominent commercials is for the Walmart Credit Card. You can save $25 if you apply for a credit card and spend $75 on the same day. In addition, you can get another $10 when you make a second purchase of at least $75 within 60 days of opening the account.

This seems like easy money: you are going to go shopping anyway, so why not apply for the card and take advantage of the offer?

How to make the offer work for you

The good news is that there is no annual fee. If you pay your statement balance in full, then you avoid interest charges and will truly be getting a good deal. If you save $25 on a $75 purchase, then you are getting a 33% discount, which is a great deal.

However, the credit card company is betting that you will do a few things wrong, and then they can make a lot of money.

Traps to Avoid

The credit card company is betting that you will:

  1. Spend more money than you planned. When people spend on plastic, they tend to spend more than if they use cash. Years of behavioral studies have proven this to be the case!
  2. Not be able to pay the balance in full. And this is where the Walmart credit card becomes obscenely, ridiculously expensive. The interest rate on purchases is 22.9%, regardless of your credit score. If you have a perfect 850, or a 600, you will be paying the same 22.9% interest rate.

Most people end up spending more than they plan on spending, and then they just pay the minimum due and rack up a lot of interest. Let’s imagine that you take out the credit card, and you end up spending $400. You receive a discount of $25, and end up with a balance of $375. If you only pay the minimum due, it will take you 18 months to pay off the balance and you will end up paying $71 of interest. So, the bank is betting that you will end up paying more interest than your $25 sign-on bonus.

In addition, the bank hopes that you do one of the following:

  • Pay late, which can cost you up to $35 each time you are late
  • Travel overseas and use you card, when they will charge you 3%
  • Use the card for a cash advance. When this happens, they charge you an up-front fee of 3% (or $5, whichever is greater). The interest rate will also be higher, at 25.90%. And there is no grace period, which means that interest starts accruing right away.

Are there better deals out there?

promo-cashback-halfIf you are looking for a cash sign-on bonus, and you plan on spending $500 or more, then you could get a better bonus with other credit cards. For example, Chase Freedom is offering a $150 sign-on bonus if you spend $500 in the first 90 days.

And if you are just looking to maximize cash back from your regular monthly spending, you should definitely look somewhere else. Which card to sign up for depends completely upon how much you spend, and in which categories. You can use our Cash Back calculator and marketplace to find the best deal for your situation.

But, like Walmart, this is only a good deal if you can safely afford to pay off the balance in full. Although the interest rate at Chase is lower than Walmart, you can still end up paying more interest that you earn in cash back quickly. 

How to Get the Walmart Credit Card

If you decide that the Walmart credit card is for you, there are two ways that you can get the deal: online and in the store.

If you want to get the deal online:

  1. Apply online here. You will need to create an online ID first
  2. Make a single purchase of at least $75 at Walmart.com. Make sure it is a single purchase, and it cannot include gift cards, gas, money orders, or cash advances).

Within 1-2 billing cycles, you will see the $25 credit on your statement.

If you want to apply for the credit card in the store, you will apply at the cash register. You will apply for the card and then complete the purchase of at least $75 when you check out. Within 1-2 billing cycles, the $25 credit will be applied to your account.

Don’t forget to follow us on Twitter @Magnify_Money and on Facebook

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Earning Cashback

TopCashBack vs FatWallet: Which Site Earns You More Cash Back?

Advertiser Disclosure

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

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Side hustles, second jobs, moonlighting, there are plenty of words to describe the various ways in which people try to bring in a little extra cash. But regular online shoppers have found a unique way to fatten their wallets – referral kickbacks. Last week, we compared Ebates and Mr. Rebates. This week, we’re taking a look at TopCashBack and FatWallet.

How it works

Sites like TopCashBack and FatWallet offer users a slice of the referral fee the companies receive from retailers. It’s just like credit card companies using the interchange fee they charge merchants to give a slice back to the customer in the form of cash back or rewards.

But with many, relatively similar, referral sites to choose from, how can a consumer decide which is best? We’re putting TopCashBack and FatWallet in competition to determine who gives you the most value (well, cash back) for your buck.

[Don’t forget to read Ebates vs. Mr. Rebates]

topcashback logo

TOPCASHBACK

TopCashBack is a UK-based site with an interface for American users. You can tell it’s European run by the wording and spelling on the site. But the site offers access to American retailers with no issue.

How to earn

If you planned to make a purchase on Amazon, he or she would go to TopCashBack first and click through their portal to get to Amazon. This simple act will earn you up to 8% cash back on a purchase, as of this writing.

TopCashBack amazon

Stacking Rewards

You can maximize cash back by coupling a credit card with the TopCashBack referral bonus. For example, at publication, Mr. Rebates offers 8% cash back on specific Amazon purchases. If you click through TopCashBack and then uses an Amazon credit card at check out, that tacks on additional 3% cash back on the purchase for a total of 11%. Discover cardholders could get 13% because Discover is offering 5% for online purchases this quarter.

Let’s say Keri wanted to purchase a sweater for her boyfriend Marc.

Keri went to TopCashBack and clicked through to Amazon’s men’s fashion section, currently offering 8% cash back. She decides to purchase a $50 sweater for Marc.

Keri will be earning $4 from TopCashBack.

Keri proceeds to check out and pays with her Discover It credit card, which at this publication earns 5% cash back on online purchases.

  • TopCashBack = $4.00
  • Discover = $2.5
  • Total = $6.50

Cashing out

Payouts come in the form of PayPal, direct deposit or an Amazon gift card. Personally, I would only do PayPal or a gift card. I don’t feel comfortable giving my bank information to this company – especially given the rise of data breeches and the unknowns about how they protect consumers’ information.

Fine Print & Issues

After shopping with TopCashBack myself and reading some reviews, I’m slightly skeptical about the site. Cash back doesn’t appear as quickly as it does through Ebates or Mr. Rebates, if it appears at all. I used TopCashBack two weeks ago and have yet to see the money credited to my account. Ultimately, it isn’t worth my time to haggle with this company over $1.50 I would’ve earned, but they’ve also lost me as a customer. Other users have also complained about the site never issuing earned cash back and that the company has horrible customer service.

TopCashBack earnings

Like all other referral sites, there are stipulations on what you can earn cash back on, ie: Men’s and Women’s fashion on Amazon – but not anything on Amazon.

FatWallet logo

FATWALLET

FatWallet heralds itself as the “One Stop Shop” for getting the biggest savings on purchases and earning cash back. The site offers both coupons and cash back.

How to earn

FatWallet offers coupons from over 1,000 retailers to help you save money for your online shopping. Once you’ve made a decision on what you’re purchasing, be sure to see if the store is eligible for cash back through FatWallet. Just like TopCashBack, FatWallet offers a slice of the referral bonus to their users.

For example, during the week of CyberMonday, FatWallet offers a coupon for 30% off Amazon purchases of $100 or more, plus additional 4% cash back on top or 60% of women’s jackets with 4% cash back.

Amazon Coupon

Stacking Rewards

Let’s continue with Keri purchasing a sweater for her boyfriend Marc.

Keri went to FatWallet and clicked through to Amazon’s men’s fashion section, currently offering 4% cash back. She decides to purchase a $50 sweater for Marc.

Keri will be earning $2 from TopCashBack.

Keri proceeds to check out and pays with her Discover It credit card, which at this publication earns 5% cash back on online purchases.

  • FatWallet = $2.00
  • Discover = $2.5
  • Total = $4.50

Fine Print

Like all other referral sites, there are stipulations on what you can earn cash back on, ie: Men’s and Women’s fashion on Amazon – but not anything on Amazon.

Head-to-Head Comparison: TopCashBack vs FatWallet

User Experience: FatWallet triumphs in this category. It’s simple, broken done into easy categories to determine if you want cash back or to find coupons and highlights deals of the day.

Best Rates: TopCashBack currently wins. It appears to consistently have higher rates than competitors, but more complaints about not receiving payouts.

Cashing Out Offers: TopCashBack appears to not have a minimum for cashing out. FatWallet doesn’t have a minimum for cashing out and will send you a check or transfer the money into a PayPal account whenever you give the greenlight. 

Number of Retailers: TopCashBack says 3,200 retailers are on the site. FatWallet offers 1,600 online stores for promo codes and coupons and hundreds for cash back.

Winner: FatWallet, simply because you’re more likely to actually receive your cash back. But if you’re willing to fight with customer service reps, then TopCashBack often has the higher rates.

Don’t forget to take the time to compare deals for yourself with sites like Cashback Monitor and Cashbackholic.com and see which referral site offers the best deal.

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Strategies to Save

Getting Married Could Earn You $5,600 In a Year

Advertiser Disclosure

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

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If you’re young, dating, and living together, you might not be in a rush to get married right now. After all, what’s the point? Maybe you’re happy, having fun, and don’t want kids anytime soon.

Still, there’s one big pro to being married that a lot of people don’t consider. Sure, the emotional impact is important but there’s also a huge financial impact too.

In fact, getting married could earn you $5,600 in a year!

This is a great way to start off a marriage, since money is such an important part of combining your lives. A recent study by researchers at Kansas State University showed that couples that argue about money early on in their marriage are more likely to divorce. So, it’s actually more important than ever to realize the financial benefits of marriage and get started off on the right foot.

My own first year of marriage was really challenging. Between living apart for most of it, learning how to share household duties, and accruing credit card debt, I can honestly say my husband and I were happy when that year was over!

However, being married for almost 5 years has helped us improve communication, eliminate credit card debt, and finally enjoy some of the savings that come to us thanks to the shiny rings on our fingers (okay mine could use a cleaning but you get the idea.)

If you’re about to get married, take these steps to make sure you are getting the full benefit of this lifetime committment!

1. Change Your Health Insurance Plan: $1,818

Our largest expense this year was by far health care costs. Between my husband’s minor surgery, my C-section, and our twins spending two weeks in the NICU, we reached our $4,000 out of pocket maximum with frightening ease.

Since health insurance costs are rising across the country, it’s more important than ever to look for ways to reduce them.

Remember, being married and covered under a joint health insurance policy is typically less expensive than pursuing individual plans.

In fact, Investopedia recently reported on Forbes that “the largest financial benefit of getting married is health insurance.”

This was true for us especially. To insure a single individual on our health insurance plan, it would cost $2,800, but for our entire family of four it’s $7,564 or $1,891 per person.

Before Marriage: We each had to pay $2,800 or $5,600 combined.

After Marriage: Our individual cost was $1,891 or $3,782 combined.

Total bonus: $1,818 combined (obviously having kids makes the savings even greater, but that’s another post for another day!)

2. Get New Car Insurance Quotes: $1,080

Both auto and life insurance have built in benefits for being married. In fact, your marital status is one of the most important factors when determining insurance quotes.

According to CNN, married couples can save around 20% on their car insurance payments depending on a variety of factors. If you have a clean driving record, are employed, and are in your 30’s, you could save as much as $90 a month on your car insurance payments, like this couple.

This savings over the course of an entire year could earn you $1,080.

Many people get life insurance when they get married or when they have children, so this is typically an added cost. However, if you wanted it to, your car insurance savings could actually offset your life insurance monthly payments, giving your family great peace of mind for no extra out of pocket payments.

3. Combine Your Finances for Tax Benefits: $1,729

There are many tax benefits to being married. As Allison Kade reported for Learn Vest, not all tax brackets hold benefits for married couples. However, there are other less discussed tax benefits that not many people realize:

  • If you die, you can give your spouse all of your assets without incurring estate taxes.
  • You can get greater deductions for donating to charity.
  • You can often keep more of your profits from a home sale if you meet certain requirements.
  • You can make tax free gifts to your spouse up to a certain amount.
  • It’s just plain faster to file jointly instead of separately.

[Keep in mind the consequences on your student loans if you file jointly. Read more here.]

It’s hard to quantify the savings for all of these categories combined, but if you benefited from every single one of these items, it would certainly be in the thousands depending on your income.

As an example, let’s just look at income tax benefits. If one person makes $100,000 a year and the other makes $30,000 a year in 2014, your total income tax would be around $20,858 combined. However, as a married couple, your tax would be $19,138 for a bonus of $1,729. Now that’s a savings you can use for investments, a down payment on a car or a nice vacation to celebrate your first anniversary. Find out whether or not you would qualify for tax savings by using this calculator.

4. Earn Cash Bonuses from Credit Card Offers: $1,000

One way that many people earn extra cash is through credit card churning. If you’re wondering how to get credit card bonuses through churning, here is the basic process:

  • Apply for credit cards that have bonuses at pre-planned times of year. (You’ll want to apply for a few on the same day to avoid a big credit score drop)
  • Spend minimums on the cards in a certain amount of time, often $1,000-$3,000 for around 3 months.
  • Stay extremely organized and read the fine print on each offer.
  • Remember to cancel the cards before you have to pony up the annual fee.

promo-cashback-halfThere are certainly risks to credit card churning, but overall, I’ve found it to be an effective way to earn points to get cash for free. As you can imagine, though, it’s not easy to carefully plan out $1,000-$3,000 of spending to meet certain minimum requirements.

That’s where being married comes in handy.

You and your spouse can each apply for new cards effectively doubling the amount of points you have in your stash. You can work together to find new ways to meet minimum spend requirements, like loading up pre-paid cards with credit cards. Of course, the best part is that you will eventually be able to enjoy the fruits of your labor together!

A typical cash bonus by an individual credit card churner is $500/year. So, combining cash bonuses with your spouse could net you $1,000/year.

After wedding gifts, getting hitched still equals a decent chunk of change

Ultimately, there are far more financial benefits to being married than there are to simply living together. There are also more legal benefits. Often, when couples decide to pool their resources and talents in a marriage, they can enjoy combining their incomes, working together to max out retirement accounts, and of course, enjoying those awesome joint tax deductions some people like to call children.

I know being married isn’t for everyone, and with my five-year anniversary just around the corner, I’ll be the first to tell you it comes with a great share of challenges and sacrifices. However, when you look at the emotional benefits combined with the financial benefits listed above, there’s no question that getting married on that surprisingly warm January afternoon in 2010 was the best decision I’ve ever made.

Think of it this way: weddings are extremely expensive. If you can save $5,600 just in your first year of marriage, you can defray the cost of your catering bill, your band and florist, or even an exotic honeymoon.

See, isn’t being married great?

Also, I apologize in advance to all the men who have to read this article as yet another example of why they should put a ring on it!

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Earning Cashback, Earning Interest, Eliminating Fees

5 Small Steps to Help You Earn More Money

Advertiser Disclosure

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

Male hand putting coin into a piggy bank

“22% of Workers Would Rather Die Early Than Run Out of Money” declared the headline of an October TIME magazine article. The article overviewed a Wells Fargo Middle Class Retirement survey, which found nearly 61 percent of middle class workers say they aren’t sacrificing many comforts to save for their twilight years. And almost 75 percent admitted they should’ve started saving sooner. For the sake of the study, middle class was defined as a household with incomes between $25,000 and $100,000, who held investable assets of less than $100,000.

The TIME article went on to state a third of participants in the study contribute absolutely nothing to a retirement account and 50 percent are not confident they’ll be able to retire. To top it all off, the average balance of Middle-class Americans’ retirement savings is a paltry $20,000.

If the average American family can only scrape together $20,000 for retirement savings – clearly, they need to be finding other ways to pad their bottom lines and decrease their spending. These five small, actionable steps can help everyday Americans earn more money (or save more) to the tune of hundreds to thousands of dollars each year.

1. Automate paying yourself first

While the advice sounds generic, many earners (regardless of class) fail to participate in the simple act of automating savings and thereby paying themselves first.

Automated savings means a dedicated percentage of income goes towards a retirement fund and a savings account before an employee even sees his or her paycheck. This small step makes it far more likely savings will accrue for both retirement and a personal savings fund, because an individual gets used to living on the money remaining after savings. It’s a way to work around the thought of “oh well, I guess I’ll just save next month because I really need the extra $200 this month to go towards those shoes I want to buy.”

Employees can set up automated savings through their employer by auto-deducting a percentage towards a savings account before the money arrives in checking.

2. Reduce interest rates on debt

Our study showed nearly half of Americans carry credit card debt with an average balance of $10,000.

Of those carrying debt, 75 percent deal with interest rates north of 15 percent.

Let’s say Samantha’s Visa card carries $10,000 in debt at an 18 percent interest rate. She can only afford to pay $250 a month towards her debt. It will take Samantha over five years and cost her $5,384 in interest alone to pay off her debt. [Calculation done using the MagnifyMoney calculator]

Instead of paying over a $1,000 a year in interest to her lender, Samantha could save herself $4,680 by slashing her interest rates down to zero with multiple balance transfers. That’s nearly a year’s worth of retirement contributions to an IR (the limit for 2014 is $5,500).

[Compare balance transfer offers here]

Balance transfers are typically only available to people with great credit scores. Those with good credit should consider a personal loan to reduce interest rates on debt.

[Find personal loan offers here]

3. Avoid bank fees

Are you losing $9 a month in “maintenance fees” or paying an occasional $35 in overdraft charges? These small leaks can add up quickly. In fact, a year of maintenance fees and two $35 overdraft charges equals $178 owed to the bank.

The creation of Internet-only banks like Ally, GE Capital, and Bank of Internet USA now provides consumers with access to checking accounts with little-to-no fees.

These banks don’t need to shell out massive amounts of money to keep the lights on at their local branches, so they use those savings to provide a better experience for their customers, including fewer fees.

If you find yourself routinely paying the bank for the privilege of keeping your money there, then switch to a different bank! There is no reason to pay a monthly maintenance fee or a $12 charge to move your money from savings to checking to cover an overdraft charge.

[Compare checking accounts here]

4. Get more for your money with a higher interest savings account

The average savings account with a big bank (like Wells Fargo or Bank of America) offers about 0.01 percent in interest.

Those insultingly low interest rates essentially amoun to a free loan to the bank. The bank takes that money and turns around to lend it out at significantly higher rates.

Internet-only banks offer much higher interest rates on their savings accounts. Even though most savings accounts are still less than one percent in interest, the difference between .90 percent and 0.01 percent can be significant.

You’ll earn $135.61 by simply depositing $15,000 into a savings account with a .90 percent APY. By leaving that $15,000 at 0.01 percent, you’ll earn a $1.50. So, do you want to buy one soda with your interest or 27 lattes?

Moving your savings from a low to higher-interest savings account could add a couple hundred dollars to your annual income.

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5. Maximize reward credit cards

Credit cards. They lead some people down the path of over-consumption and reckless spending. Others learn how to harness the power of rewards (and reign-in their desire to splurge) by maximizing their spending habits for cash back – or other rewards.

A die-hard credit card rewards seeker strategizes to have the best card in each category of his or her spending habits: gas, grocery, travel, entertainment, eating out etc.

Others look to take advantage of upfront bonuses, like 30,000 miles for spending $3,000 in three months.

If constantly looking for the best reward card and keeping track of a dozen or more cards doesn’t sound appealing, then identify the best flat-rate cash back card. Currently, Fidelity Investment Rewards and Citi Double Cash Card both offer two percent cash back on all spend. If you spend $15,000 a year on a credit card– that’s a simple $300 in cash back for purchases you’re already making.

Remember: pay your bill on time and in full. If you start revolving and paying interest to your credit card lender, you’ll defeat the point of earning rewards.

[Find the best credit card for your spending habits here

Case Study: Hannah

Hannah keeps $13,000 in savings with Bank of America. She also keeps money in a checking account with Bank of America and has accidentally gone overdraft twice this year. Hannah has overdraft protection, but got charged $12 per incident to have her money transferred from savings to checking. She spends about $12,000 a year on a credit card that only earns one percent cash back with rotating five percent categories, which she never seems to use.

Right now, Hannah is earning:

  • Savings interest: $1.30
  • Credit card rewards: $120
  • Overdraft: -$24

Total = $97.30

Finally fed up, Hannah makes some changes. She moves $12,500 of savings to GE Capital Bank where it earns .95 percent. She opens a checking account with Ally, which offers real overdraft protection and doesn’t charge to move money from savings to checking. Hannah puts $500 of savings with Ally in case of overdrafts. She then gets the Citibank Double Cash Back card and earns two percent on her $12,000 of spend.

Now, Hannah earns:

  • Savings interest: $119 (GE Capital), $4.52 (Ally – if it stays at $500)
  • Credit card rewards: $240
  • Overdraft: $0

Total =$363.52

By making a few simple changes to her financial plan, Hannah earns an extra $266.22 a year.

Moral of the story

Little tweaks to a financial strategy can have a meaningful pay off. Earning $363.52 a year from interest and cash back could go towards IRA contributions, other investment vehicles or back into a savings account to keep preparing for the future.

Want regular updates about the best financial products out there? Then sign up for our Price Checker Newsletter. Twice a month, we’ll deliver the best-of-the-best right to your inbox.

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