The 5 Best Business Checking Accounts in 2021

Starting a business is an opportunity to be your own boss, make money and grow your skill set.

There are also the not-so-great, somewhat messy and complicated parts about operating a business. If you start off solo or small, you’ll be tackling a lot of tasks yourself.

But don’t worry. In this article, we’re going to address something relatively simple in the business world: the best business checking accounts.

We’ll go into why you need one, what you should look for and several of the best ones available, both in-person and online-only.

Wait, Do I Really Need a Business Checking Account?

The purpose of a business checking account is to keep your business finances separate from your personal finances.

Technically, you might not need one depending on the legal structure of your business.

For example, if you’re a freelance writer who established a sole proprietorship and is starting slowly, you could use your personal checking account to get off the ground. But you’ll want to be extremely organized about keeping track of your business money for tax time. (Nothing will damper your momentum like getting audited.)

The type of business you’re running makes a difference here. If it’s transaction-heavy — or a particular legal structure, like a limited liability company — you might need a business checking account, full stop.

But if you’re starting any kind of business, it’s probably in your best interest to open one.

Business checking accounts make it easier to track profits, expenses and deductions, and help establish your operation if you file for business credit cards or loans down the line.

What You Need to Open a Business Checking Account

To open an account, you’ll typically need the following:

  • Social security number (SSN) or employee identification number (EIN)
  • Valid driver’s license or state ID
  • An initial deposit

How easy it is to open a business checking account will depend on your business. If you’re a sole proprietor, the process might feel similar to opening a personal checking account. If you have a different legal business structure, you’ll likely have to provide additional documentation (like your articles of incorporation). Requirements will vary from bank to bank.

What You Should Look for in a Business Checking Account

Before you peruse accounts, get a handle on your business needs and wants. For instance, do you make a lot of transactions? Do you want a business credit card ASAP? Do you prefer a big bank where you can pop into a different branch every half mile?

There are other considerations. Do you want your bank, credit union or financial institution to…

  • Offer free bank statements?
  • Have an app?
  • Offer free online banking and/or bill pay?
  • Have in-person locations?
  • Offer comprehensive customer service, i.e., allow you to talk to someone online and on the phone 24/7?
  • Have integration with tools, like invoicing software?
  • Offer multiple products, such as business credit cards, small-business loans, etc.?

There are lots of banks for small businesses to choose from, but you want one that will give you the most options. And ideally, save you some money and headaches in the process.

To choose the best business checking accounts, we focused on accounts that:

  1. Require a low minimum initial deposit ($1,000 or less — most require only $25).
  2. Offer a certain number of transactions for free.
  3. Either have no monthly service fee or make it easy to have the fee waived.

We also focused on checking accounts for small and medium businesses. If you’re looking for accounts to manage a higher volume, many of the traditional institutions on our list have them, too.

Pro Tip

Check out our current list of bank promotions for a chance to gain a monetary bonus when signing up for a new business checking account.

The 5 Best Business Checking Accounts for May 2021

We chose five institutions and a couple of different checking account options for each where available.

1. Chase: Best for 24/7 Customer Service and Overall Accessibility

Chase is a well-known brand with many physical branches and flexible options for business owners. It’s a good choice if you want to be able to find a chain easily and talk to someone in person. Chase also offers 24/7 support, so you can call and email them anytime of day. From personal experience, if you send them a secured online message, they typically follow up within 24 hours. To learn more, read our Chase Bank review.

  • Number of branches: Approximately 4,700
  • Number of ATMs: 16,000

Here’s the lowdown on Chase Business Complete Banking and Chase Performance Business Checking.

Chase Business Complete Banking

Chase Business Complete Banking (for small businesses) at a glance:

Sign-up bonus: $300 for new customers who meet certain criteria

Minimum initial deposit: $25

Monthly service fee: $15; waived if you maintain a minimum daily balance of $2,000 or link a qualifying Chase account

Cash deposits per month: Up to $5,000 without an additional fee

Free transactions per month: 100

Other benefits:

  • Access to Chase online and mobile banking
  • Get same-day deposits 
on card payments at 
no additional cost

Chase Performance Business Checking

Chase Performance Business Checking (for medium-sized businesses) at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $25

Monthly service fee: $30; waived if you maintain a minimum daily balance of $35,000 or more in qualifying accounts

Cash deposits per month: Up to $20,000 without an additional fee

Free transactions per month: 250

Other benefits:

  • No charge for all incoming wires and two outgoing domestic wires per statement cycle

Interest-bearing option availableChase has business saving account, lending and credit card options, too. Chase offers several small-business credit cards, all with new card member bonuses, which include $750 cash back to 100,000 bonus points depending on the card.

A man rides a bike past Wells Fargo in St. Petersburg, Fla.
Tina Russell/The Penny Hoarder

2. Wells Fargo: Best for Small Business Owners Just Getting Started

Wells Fargo is another strong choice for your business checking account needs. It has many branch locations and you can call them 24/7. Its website is also easy to navigate and lets you find answers to your questions without clicking on a ton of links. Check out our Wells Fargo Bank review for more information.

  • Number of branches: Approximately 7,200
  • Number of ATMs: Over 13,000

Wells Fargo Initiate Business Checking

Initiate Business Checking (for new and small businesses) at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $25

Monthly service fee: $10; waived by having a minimum daily balance of $500

Cash deposits per month: Up to $5,000 for free

Free transactions per month: 100

Other benefits:

  • Customized business debit card
  • 24/7 fraud monitoring
  • Mobile deposit

If you’re just getting started with your small business and don’t expect to scale right away, Initiate Business Checking is a solid, affordable account to open.

Wells Fargo Navigate Business Checking

Navigate Business Checking (for small- to medium-sized businesses) at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $25

Monthly service fee: $25; waived by having a minimum daily  balance of $10,000 or an average combined business deposit balance of $15,000

Cash deposits per month: Up to $20,000 for free

Free transactions per month: 250

Other benefits:

  • Customized business debit card
  • 24/7 fraud monitoring
  • Mobile deposit

Wells Fargo also offers small-business lending and credit card options.

3. U.S. Bank: Best for Simple, Fee-Free Banking

While primarily located in the Midwest, this chain has lots of locations across the country. That’s great news if you’re a small-business owner looking for a simple checking account.

U.S. Bank has no monthly service fees for its Silver account, so no worries about meeting certain criteria to have the fee waived. You can also go to its website and take a short quiz to determine which account would work best for your needs.

  • Number of branches: 3,106
  • Number of ATMs: 4,842

U.S. Bank offers Silver, Gold, Platinum and Premium business checking accounts, and we’re going to outline the first two.

U.S. Bank Silver Business Checking

Silver Business Checking (best for newer or smaller businesses) at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $100

Monthly service fee: $0

Cash deposits per month: 25 for free

Free transactions per month: 120 per statement cycle; 50 cents per excess transaction

U.S. Bank will charge you $5 for paper statements, so stick with online ones to save money and the planet.

Other benefits:

  • Online and mobile banking
  • Discount on first check order
  • Small Business Visa credit card
  • Card payment processing

U.S. Bank Gold Business Checking

Gold Business Checking (for businesses with moderate transaction levels) at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $100

Monthly service fee: $20; waived by satisfying one of several criteria listed on its website

Cash deposits per month: 100 for free

Free transactions per month: 300 per statement cycle; 45 cents per excess transaction

Other benefits:

  • Online and mobile banking
  • Remote check deposits
  • Discount on first check order
  • Small Business Visa credit card
  • Card payment processing

Silver and Gold are good options for small businesses looking for free business checking accounts (as long as you stay within the limits). And in general, Chase, Wells Fargo and U.S. Bank are all good options for an LLC.

4. BlueVine: Best for Fee-Free, Online-Only Banking

Want to open an account on your phone and manage it entirely online? Welcome to 2021… and to BlueVine.

BlueVine boasts no hidden fees and unlimited transactions. Members can pay vendors, schedule one-time and recurring payments, and earn an impressive 1.0% on their checking account balance up to $100,000. Deposits are FDIC-insured (up to $250,000) through The Bancorp Bank.

  • Number of branches: 0
  • Number of ATMs: Users can withdraw cash fee-free at over 38,000 MoneyPass® locations in the U.S.

BlueVine at a glance:

Sign-up bonus: None specified

Minimum initial deposit: $0

Monthly service fee: $0

Cash deposits per month: Unlimited. You can deposit cash at close to 100,000 retail locations through a partnership with Green Dot. A $4.95 fee, per deposit, applies.

Free transactions per month: Unlimited

Other benefits:

  • A BlueVine Business Debit Mastercard®
  • Access to a business line of credit
  • Two free checkbooks
  • Phone and email customer support
A black man with a bald head looks forward while working on his laptop.
Getty Images

5. Axos Bank: Best for Business Interest Checking

Axos Bank is another online-only bank. In addition to business checking accounts that earn interest, customers can take advantage of surcharge-free ATMs across the U.S.

  • Number of branches: 0
  • Number of ATMs: You can use any ATM in the U.S. and you’ll be reimbursed for the fees

Axos Bank offers Basic Business Checking, Business Interest Checking and Analyzed Business Checking. We’re going to look at the first two.

Axos Basic Business Checking

Basic Business Checking at a glance:

Sign-up bonus: $!00 if you incorporated after June 1, 2020

Minimum initial deposit: $1,000

Monthly service fee: $0

Cash deposits per month: Up to 60 items with remote deposit

Free transactions per month: 200; afterward, 30 cents each

Other benefits:

  • Pay bills with no charge through the app
  • First set of 50 checks is free
  • Compatible with QuickBooks

Axos Business Interest Checking

Business Interest Checking at a glance:

Sign-up bonus: $100 if you incorporated after June 1, 2020

Minimum initial deposit: $100

Monthly service fee: $10; waived if there’s an average daily balance of $5,000

Cash deposits per month: Up to 60 with remote deposit

Free transactions per month: 50; afterward, 50 cents each

Other benefits:

  • Earn up to 0.81% APY
  • First set of 50 checks for free

Axos Bank also offers saving accounts and Business CDs, but no credit cards.

Regional Business Checking Account Options

Here’s a glance at three smaller, regional options for business checking accounts. If your area isn’t listed, you can research credit unions and banks near you.

America First Credit Union

This institution has branches in Nevada and Utah. America First offers four types of business checking accounts: Basic, Premier, High-Yield and Non-Profit.

The Basic Business Checking offers 250 free monthly transactions, free online bill pay, access to money market savings, lines of credit and Business Visa credit card.

First Horizon

This bank has branches in Tennessee, Florida, North Carolina, South Carolina, Virginia and Texas. First Horizon offers BizEssentials Checking (Value, Basic, Standard and Interest) and Business Interest Checking Account, which combines the benefits of a checking and interest-earning savings account.

The Business Interest Checking Account has no minimum balance requirements, plus you’ll earn interest on your balance and have access to a Visa Business debit card.

SunTrust, Now Truist

This bank has branches in Alabama, Arkansas, Washington, D.C., Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. SunTrust offers three types of business checking accounts: Simple Business Checking, SunTrust Primary Business Checking and SunTrust Business Advantage Plus Checking.

SunTrust Primary Business Checking has a $15 monthly fee that’s waived in the first two statement cycles and after that when you have a $1,000 minimum daily balance. Each month, you’ll get 150 free transactions and $5,000 cash processing.

What’s the Right Business Checking Account for You?

The best business checking account for you will depend on your business and needs. Whether you’re just starting out or looking to level up, there are plenty of options out there, online and off. Start your search now, so your future self — and CPA, come tax time — will thank you later.

Contributor Kathleen Garvin (@itskgarvin) is a personal finance writer based in St. Petersburg, Florida, and former editor and marketer at The Penny Hoarder. She owns a content-writing business and her work has appeared in U.S. News, Clark.com and Well Kept Wallet.

<!–

–>



Source: thepennyhoarder.com

Choosing the Best Savings Accounts for May 2021

Storing your cash in a duffel bag under the bed has its perks — immediate access when you need it and the feeling of completely controlling your own finances.

But hoarding hard-earned money in your own home puts it at risk of theft or loss to natural disasters, and it’s doing you no favors in terms of interest.

Savings accounts at an FDIC-insured bank, on the other hand, keep your money secure and can earn you more money in the process.

Nowadays, the best savings accounts are typically with online banks due to higher interest rates, but brick-and-mortar banks still have some (though not many) benefits.

So which savings account should you choose? We’ve ranked the very best savings accounts available today to get you started.

What is a Savings Account?

A savings account is a bank account where you store your money until you need it. To see a detailed explanation to how it differs from a traditional checking account, visit our checking vs savings account comparison.

The best savings accounts are secured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. That means that if you store your money with a bank and it goes under, you won’t lose your money.

Savings accounts are perfect for achieving your savings goals — for a car, a house, a wedding, vacations, you name it. More importantly, they are the best tool to build your emergency fund.

Most experts agree your emergency savings should total six months’ worth of necessary expenses in the case of job loss or another unpredictable emergency. Necessary expenses might include rent/mortgage, car payments, insurance, medical bills, utilities and groceries.

Don’t sweat it if you don’t have six months’ worth saved up. It takes time to build up your savings. Even if you can deposit $50 a month, you will eventually reach your goal.

One thing a savings account is not is an investment account. Savings accounts have historically low interest rates (or APY — annual percentage yield), but they are inherently low risk.

Pro Tip

After you have padded your savings account with enough cash to cover emergency expenses and your other savings goals, you’d be better off opening an IRA or 401(k) or investing in stocks.

Common alternatives to savings accounts include certificates of deposit (CDs), where you store your money for a fixed term for a slightly higher interest rate, and money market accounts, which typically offer a higher APY but have significantly higher minimum balance requirements.

So just how much interest will you earn in a savings account? That depends on the amount you’ve saved and your APY.

Online Banks vs. Brick-and-Mortar Banks

Before the advent of the internet, brick-and-mortar banks (and credit unions) were the only place to store your money, if not in your duffel bag.

But over the last couple decades, online banks have transformed the way we think of safely storing our money, and because of their low overhead (fewer staff and few or no physical locations), they can offer much better interest rates on savings accounts.

Pros of Online Savings Accounts

Two women smile as they withdraw money from the ATM.
Getty Images

When online savings accounts first surfaced, bank customers were hesitant to store their money with companies they had never heard of and were fearful of internet security issues.

Today, many of these same customers now see far more pros to online savings accounts than their traditional physical banks.

Higher Interest Rates

This is easily the most important distinction between brick-and-mortar banks and online banks. The national average APY for a savings account is 0.70%, but many brick-and-mortar banks offer just 0.01% interest rates on their savings accounts.

Online banks, on the other hand, tend to offer savings rates that are better — sometimes a lot better

Availability

Online banks are always open. The most competitive online banks offer around-the-clock service over the phone or online, and typically have more user-friendly apps and websites.

Some national banks and credit unions may offer 24/7 service, but their physical locations are typically limited to the 9-to-5 business hours.

Pros of Brick-and-Mortar Savings Accounts

There are advantages to brick-and-mortar banks. However, if these benefits do not hold massive weight for you, we highly recommend an online savings account.

Easy Access to Account Funds

Emergencies wait for no one. If you have an unexpected need for $10,000, it would be nice to be able to immediately access that.

Many online savings accounts take several days to get you your funds via ACH deposit or a written check, though wait times for ACH deposits have dramatically decreased in recent years.

(You can also speed up the process by opening a checking account with your online bank or choosing an online savings account with ATM benefits. Prioritize online banks that offer free checking accounts or ATM convenience cards.)

Brick-and-mortar banks, however, can allow major withdrawals at any of their locations. No waiting necessary.

In-Person Support

Some people prefer to resolve their issues over the phone or online, but many others find comfort in face-to-face communication. By opening a savings account with a bank that offers physical locations, you’ll be able to get in-person help from financial experts during regular business hours.

… And a Toss-Up

When it comes to access to ATMs, there is no clear winner. Obviously, brick-and-mortar banks and credit unions offer ATMs at all their locations, where you can easily withdraw your money.

Many online banks, however, offer fee-free withdrawals at select ATMs, and the best online banks will reimburse you for fees incurred out of network.

Best Savings Accounts of May 2021, Ranked

So what are the best savings accounts of May 2021? That depends on what you value most.

In determining our top nine, we reviewed more than 20 popular savings accounts and considered what elements seem to be most universally important:

  • Best savings rates
  • Stellar mobile app and/or web experience
  • Convenience of transfers (easy access to funds)

We considered only savings accounts that were FDIC-insured or NCUA-insured and had no monthly fees.

Because physical branch access is becoming increasingly less important, all accounts on our list are online or hybrid (online with some brick-and-mortar bank locations).

So what didn’t we consider when making our list that you might also want to look for?

Bonuses: Because banks regularly add, remove or replace their bonuses, we did not include them in our criteria. If you’re stuck between two or three comparable savings accounts, see which one offers the best sign-on bonus. We highly recommend checking out our current bank promotions list to help earn bonus cash or incentives when signing up for a new savings account.

Customer service: Quality of customer service is subjective. Read reviews and ask friends and family about their experiences when considering banks.

To truly determine how you feel about the level and quality of customer service, give the bank a call and ask some questions about the account. From that interaction, you should be able to feel out how much each bank values customers and prospects.

1. Synchrony Bank High-Yield Savings Account

We ranked Synchrony’s account as the very best savings account of May 2021 because it has the perfect combination of the most important elements of a bank.

APY: 0.40%.

Monthly fees: None.

Minimum balance requirement: None.

Additional fee for withdrawals: None.

ATM card: No fee for in-network ATMs, $5 monthly reimbursement for out-of-network ATM fees

Access to funds: ATM, electronic transfer to an external account, wire transfer or a paper check in the mail.

Mobile app: Yes. At the time of this writing, the app has a 4.5 rating on the App Store and 3.7 on Google Play.

Details: Synchrony Bank High-Yield Savings account.

2. CIT Savings Builder Account

CIT Savings Builder is another solid account option,  but you have to meet certain conditions to earn it:

APY: To earn up to  0.40% APY, either your account needs $25,000 in it, or you must make a monthly minimum deposit of $100 to the account. The latter option should be more feasible and is a good incentive to save each month.

Minimum balance requirement: $100.

Additional fee for withdrawals: None.

ATM card: None.

Access to funds: Electronic transfer, wire transfer (free if you have $25,000 or more in the account) or paper check.

Mobile app: Yes. At the time of writing, the app has a 4.6 rating on the App Store and 4.2 on Google Play.

Details: CIT Savings Builder.

A woman smiles as she checks her phone at night in her bed.
Getty Images

3. Ally Online Savings Account

Though savings accounts are different from checking accounts — and thus should not be thought of as a place to quickly and easily get money — Ally does make it easier than most to access your funds when you need them. Just open a free checking account (ranked 5th in the best online checking accounts of 2020), and you can easily transfer your money over.

APY: 0.50%.

Minimum balance requirement: None.

Additional fee for withdrawals: After the six permitted withdrawals a month, you’ll pay $10 per transfer with Ally.

ATM card: None.

Access to funds: You can transfer money via direct deposit, electronic transfer, wire transfer or paper check.

Mobile app: Ally’s mobile app is highly rated at 4.7 stars on the App Store and 3.7 on Google Play.

Details: Ally Online Savings account.

4. Alliant High-Rate Savings Account

The Alliant High-Rate Savings account is offered via the Alliant Credit Union, so instead of FDIC insurance, it carries insurance through the National Credit Union Administration, but the benefits are the same.

Because it is a credit union, joining Alliant can be a little more challenging. You need to fulfill one of these four requirements:

  • Be a current or retired employee of a business that is partnered with Alliant.
  • Have an immediate family member or domestic partner who banks with Alliant.
  • Be a member of an Alliant-related organization/association.
  • Become a member of Foster Care to Success, Alliant’s partner charity.
  • Live in one of the communities near the Alliant headquarters in Chicago, Illinois.

APY: 0.55%. You need an average daily balance of $100 for the APY to kick in.

Minimum balance requirement: $5.

Additional fee for withdrawals: Hard limit on six federally regulated withdrawals.

ATM card: Money access is super convenient with a free ATM convenience card that qualifies at more than 80,000 ATMs nationwide.

Access to funds: If you live in the Chicago area, you’ll even have access to brick-and-mortar locations.

Mobile app: It’s got a solid app (4.7 on the App Store and 4.6 on Google Play)

Details: Alliant High-Rate Savings account

5. Discover Savings Account

The Discover Savings account offers a substantial APY and easy access to funds via a rewards checking account.

APY: 0.40%.

Minimum balance requirement: None.

Additional fee for withdrawals: The bank may refuse to pay transactions that exceed the six monthly permitted withdrawals.

ATM card: While Discover doesn’t offer an ATM card for its FDIC-insured savings account, you can sign up for the Discover Cashback Debit (it’s free!), which earns up to 1% cash back on up to $3,000 a month.

Access to funds: The linked debit account provides an easy way to transfer funds; otherwise, you can rely on electronic transfers, wire transfers and paper checks.

Mobile app: Discover’s app has a 4.8 rating on the App Store and a 4.5 rating on Google Play.

Details: Discover Savings account

Learn more: Discover Bank review

6. Capital One 360 Savings Account

While it’s certainly not the savings account with the best interest rate, it makes up for it with no monthly fees, easy integration with other Capital One 360 accounts (including a checking account for easy funds transfer) and a killer app.

APY: 0.40%.

Minimum balance requirement: None.

Additional fee for withdrawals: Hard limit on six federally regulated withdrawals.

ATM card: None.

Access to funds: If you don’t open a linked checking account for the easy ATM access, you can still access your funds via the traditional (but slower) means.

Mobile app: In 2018, the Capital One 360 mobile app was ranked No. 1 in customer satisfaction in the banking category for the second year in a row in J.D. Power’s U.S. Banking App Satisfaction Study.

The app has a 4.8 rating on the App Store and a 4.7 rating on Google Play.

Details: Capital One 360 Savings account

7. Barclays Online Savings Account

Barclays has its cons, like challenging access to funds, but its high APY and strong mobile app earned it a spot on this list.

APY: Barclays is one of three banks on this list to offer the competitive 0.40% APY.

Minimum balance requirement: None.

Additional fee for withdrawals: Withdrawals that exceed the monthly limit will result in a fee.

ATM card: None.

Access to funds: You can deposit and withdraw funds in a number of ways, through direct deposit, an electronic transfer, paper check and more.

Mobile app: Yes, but the Barclays US Online Savings mobile app is not the most user-friendly based on its  ratings: a 3.7 on the App Store and a 2.4 on Google Play.

Details: Barclays Online Savings account

Learn more: Barclay’s Bank review

A woman works on her laptop while dipping her feet into a pool.
Getty Images

8. American Express Personal Savings Account

You might rely on American Express for your credit card, but the bank offers an online savings account worth your consideration as well.

APY: 0.40%.

Minimum balance requirement: $1.

Additional fee for withdrawals: Hard limit on nine withdrawals, though this is more than most of its competitors.

ATM card: A major drawback of the American Express account is the lack of ATM card.

Access to funds: Electronic transfer, wire transfer and paper check are the only ways to access your money.

Mobile app: It currently has a 4.9 rating on the App Store and a 4.2 rating on Google Play.

Details: American Express Personal savings account

9. Marcus Online Savings Account by Goldman Sachs Account

Our final online savings account is by Goldman Sachs. It offers a competitive APY and fairly new mobile app.

APY: 0.50%.

Minimum balance requirement: None.

Additional fee for withdrawals: Due to a change in federal law, Goldman Sachs currently doesn’t impose a limit on withdrawals.

ATM card: None.

Access to funds: Withdrawals are limited to electronic transfer and wire transfer (you also cannot deposit checks via the app).

Mobile app: Yes. It has a 4.9 rating on the App Store and a 3.9 rating on Google Play.

Details: Marcus Online Savings Account

6 Tips for Choosing a Savings Account

You should be aware that banks can change interest rates, develop better apps and update their bonuses, so it is important to understand how to determine the best savings account for yourself.

Here are a few tips:

1. Consider Your Needs

We prioritized high savings rates, ease of funds transfer and mobile apps in our rankings, but maybe for you, two-factor authentication and customer service are top considerations.

Build your own ranking system based on your top two or three criteria. You won’t find a perfect bank that offers everything, but at the very least, you’ll find banks that can meet all of your top needs.

2. Stick With Online

Put your money in an online savings account, unless you have a good reason not to, such as a high interest savings account at a brick-and-mortar credit union or a regular need to get in-person help.

3. Save Only With Insured Banks

Do not put your money into any bank that is not insured by the FDIC. Or, if you go the credit union route, make sure it is insured by the NCUA. We did not include any banks on our list that were not insured.

4. Don’t Be Tempted by Sign-on Bonuses Alone

Earning cash for starting an account with a bank feels awesome, but don’t let the appeal of $100 now prevent you from putting your savings into an account that will earn you $500 over a couple years.

5. Find a No-fee Account

Be wary of accounts with monthly maintenance fees, statement fees or any other miscellaneous charges. You’re more likely to find these fees with a brick-and-mortar bank.

Ideally, find a bank that has an associated free checking account for easy and fast funds transfers.

6. Read the Fine Print

Know what you are signing before you sign it.

If an APY sounds too good to be true, it’s possible there are strings attached — or that the rate is only temporary.

Ask questions and do research when you are confused by any of the terms and conditions, and don’t deposit your savings until you are satisfied with the agreement.



Source: thepennyhoarder.com

5 Ways to Splurge On Something Without the Guilt

Speaking of overpaying for things, when’s the last time you checked car insurance prices? Paying less for mandatory bills like that will get you closer to your splurge.
Speaking of overpaying for things, when’s the last time you checked car insurance prices? Paying less for mandatory bills like that will get you closer to your splurge.
Then, on the first of every month, PrizePool enters your tickets into its monthly drawing. (The more tickets you have, the better your chances of winning!)
In the last year, this has saved people 0 million.

You can download the free Fetch Rewards app here to start getting free gift cards. Over a million people already have, so they must be onto something.

Cut Down These 5 Bills and Save $2,579

Bills, bills, bills. They never seem to end, do they? They take more and more out of your account each month before you even realize it.

You can’t escape them entirely (wouldn’t that be great?), but you can stop them from being so darn painful every month. All it takes is ending your loyalty to a few companies you currently use for bills and fees that come every month.

Trust us, they won’t miss you. And you definitely won’t miss them — especially when you realize how much money you’ve been needlessly throwing away every month.

1. Your Credit Card Bill: Save Up to 10x on Interest Payments

If you’re reading this, there’s a 50% chance you have credit card debt — nearly half of U.S. adults do. And if you don’t pay it off every month, you’re draining your bank account with unnecessary — and terribly high — interest payments.

And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates — some up to a whopping 36%! But a website called AmOne wants to help.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster.

With a $5,000 balance this month, that could be an extra $150 to your credit card company, or about $15 to a personal loan matched by AmOne. That’s $1,620 going down the drain every year.

AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.

It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.

2. Your Car Insurance Bill: Save $489/Year

When’s the last time you checked car insurance prices?

You should shop your options every six months or so — it could save you some serious money. Let’s be real, though. It’s probably not the first thing you think about when you wake up. But it doesn’t have to be.

A website called Insure.com makes it super easy to compare car insurance prices. All you have to do is enter your ZIP code and your age, and it’ll show you your options.

Using Insure.com, people have saved an average of $489 a year.

Yup. That could be nearly $500 back in your pocket just for taking a few minutes to look at your options.

3. Your Credit Monitoring Service: Cut $240 Down to $0

When it comes to your credit score, it’s important to stay organized and keep tabs on it. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

But there’s no need to spend $19.99/month on a credit monitoring service, when you can get the same protection for $0.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

4. Your Investment Broker: Never Pay Unnecessary Fees Again

Investing in the stock market is a great tool to grow your net worth. And for a while, it seemed like it was only available to the upper class — the people who didn’t mind paying up to $50 for each trade. What’s $50 when your investment broker is making you millions?

But if you work for a living and don’t happen to have millions of dollars lying around, smartly investing in the market can sound totally out of reach.

But with an app called Stash, it doesn’t have to be. It lets you be a part of something that’s normally exclusive to the richest of the rich — on Stash you can buy pieces of other companies for as little as $1.

That’s right — you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more for as little as $1. The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.1

It takes two minutes to sign up, and it’s totally secure. With Stash, all your investments are protected by the Securities Investor Protection Corporation (SIPC) — that’s industry talk for, “Your money’s safe.”2

Plus, when you use the link above, Stash will give you a $5 sign-up bonus once you deposit $5 into your account.*

5. Your Banking Account: Skip the $15 Monthly Fees

The monthly fee your bank is charging you is a huge account-drainer. Especially because some banks charge when you don’t have enough money saved. We’re the people who need that $15 the most!

If you’re just looking for a place to safely stash it away but still earn money, a fancy account isn’t necessary. Under your mattress or in a safe will get you nothing. And a typical savings account won’t do you much better. (Ahem, 0.06% is nothing these days.)

But a debit card called Aspiration lets you earn up to 5% cash back and up to 16 times the average interest on the money in your account.

Not too shabby!

Enter your email address here to get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash.

Your money is FDIC insured and they use a military-grade encryption which is nerd talk for “this is totally safe.”

Kari Faber is a staff writer at The Penny Hoarder. 

***Like Cooper, 60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.

Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.

1Not all stocks pay out dividends, and there is no guarantee that dividends will be paid each year.

2To note, SIPC coverage does not insure against the potential loss of market value.

For Securities priced over $1,000, purchase of fractional shares starts at $0.05.

*Offer is subject to Promotion Terms and Conditions. To be eligible to participate in this Promotion and receive the bonus, you must successfully open an individual brokerage account in good standing, link a funding account to your Invest account AND deposit $5.00 into your Invest account.

The Penny Hoarder is a Paid Affiliate/partner of Stash. 

Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk. 

<!–

–>

Source: thepennyhoarder.com

Even 6-Figure Earners are Living Paycheck to Paycheck. How to Break the Cycle.

When your salary finally tips over $100,000, all your worries about living paycheck-to-paycheck should be gone, right?

Not necessarily. In fact, 16% of six-figure earners said they have difficulty covering basic expenses, such as food, rent or mortgage and car payments, according to a November 2020 survey by the Center on Budget and Policy Priorities.

They’re living paycheck-to-paycheck.

How is that possible? Here’s the thing: It doesn’t matter how much money you make if your expenses outweigh (or are equal to) your income. That’s why it’s so important to have a solid plan for your budget. Otherwise, you could end up with no savings and in debt.

No matter how much you earn, here’s how to break the paycheck-to-paycheck cycle.

Make a Budget and Stick to It

It’s no question that the cost of living is going up at a rapid pace — not just in big, growing cities, but all around the country.

Yet slowly rising wages can’t take all the blame for our $0 balances at the end of the month. Poor budgeting — and lack of budgeting education — is holding millions of us back. So if you don’t have a budget or haven’t updated yours in a while, get one together.

If you don’t know where to start, a simple and straightforward approach is a good way to begin your budget overhaul. We like the 50/30/20 method. You map out all your expenses like this:

  • 50% of your monthly take-home goes to what you need. That includes rent, groceries, utilities, minimum debt payments, childcare, etc.
  • 30% goes to your wants — like your Netflix subscription, dinners with friends and travel costs.
  • 20% is earmarked for financial goals, like paying down debt, growing your savings and adding to your retirement fund.

If you’re living paycheck-to-paycheck, that last 20% likely isn’t getting the attention it needs from your bank account. And while the “wants” can easily get out of hand, it’s your “needs” that can be the biggest culprits.

So, how do you fix that? Here are some secrets to help you regain control of your spending and put more money in your savings:

Cut Costs and Bills Where You Can

Usually, your biggest monthly expense is your rent or mortgage payment. And unless you’re living the #vanlife or have a sweet month-to-month set up, chances are finding a cheaper place to live next month is out of the question.

But there are some necessary bills you can cut down significantly, without sacrificing the services you need.

  • Car Insurance: Shop around for new car insurance every six months, and you could save some serious cash. Compare car insurance prices on a website called Insure.com and you could save an average of $489 a year. All you have to do is enter your ZIP code and your age, and it’ll show you your options. 
  • Homeowners Insurance: Homeowners insurance can be a huge waste of money if you get the wrong coverage. Luckily, an insurance company called Policygenius makes it easy to find out how much you’re overpaying. It finds you cheaper policies and special discounts in minutes. Plus, it saves users an average of $690 a year.

Eliminate Credit-Card-Debt Payments

If you have credit card debt that you’re just paying the minimum on, chances are you’re paying a ton in interest. And why would your credit card company care? They’re getting rich by ripping you off with those high interest rates — some up to 36%.

Credit card payments alone could keep you in the paycheck-to-paycheck cycle for years. That means it’s time to get rid of those payments for good. A website called AmOne wants to help.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.

AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.

It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.

Create a Separate Account for Savings

Once you’ve cut down your monthly costs, make sure you’re prioritizing your savings. Whether that’s contributing to your retirement plan, investing in the stock market or building up an emergency fund — you did it! Congrats on breaking the cycle and cleaning up your spending habits.

But speaking of emergency funds, many Americans don’t even have $400 saved in case their car breaks down or their kid ends up in the ER.

Where should you start saving for one? A typical savings account won’t earn you much interest.

That’s why we like a free account from Aspiration. Its Spend and Save account could earn you up to 16 times the national average interest on your money, plus up to 5% cash back, if you use Aspiration’s debit card. It’ll help grow your emergency savings fund that much faster.

Enter your email address here to get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash. Your money is FDIC insured and they use a military-grade encryption which is nerd talk for “this is totally safe.”

Follow these secrets, and you’ll be well on your way to breaking the paycheck-to-paycheck cycle.

Kari Faber is a staff writer at The Penny Hoarder. 

Source: thepennyhoarder.com

Weddings Are Back. Here’s How You Can Afford To Attend Them All.

You love your friends and are so happy they’ve found The One.

But there’s no shame in feeling a little relieved they all postponed their 2020 nuptials — it meant you weren’t shelling out hundreds or even thousands of dollars on flights, hotels, fancy dresses, tux rentals and gifts.

More time for you to save and focus on your own debts!

But now that the vaccine rollout is underway and cases are down in many parts of the country, more Save the New Date cards are showing up on your refrigerator door. And while many of us are chomping at the bit to go celebrate with friends and family, there’s still the same issue there was before Covid showed up:

Going to weddings is expensive.

So how do we manage to party after the crazy financial year we just had? Here’s how to save on registry gifts and earn extra money to afford the cash bars:

1. Don’t Overpay for Wedding Gifts Online

Wouldn’t it be nice if you got an alert when you’re shopping online and are about to overpay for a pasta maker on your best friend’s wedding registry?

That’s exactly what this free service does.

Just add it to your browser for free, and before you check out, it’ll check other websites, including Walmart, eBay and others to see if your item is available for cheaper. Plus, you can get coupon codes, set up price-drop alerts and even see the item’s price history.

Let’s say you’re shopping for a new TV, and you assume you’ve found the best price. Here’s when you’ll get a pop up letting you know if that exact TV is available elsewhere for cheaper. If there are any available coupon codes, they’ll also automatically be applied to your order.

In the last year, this has saved people $160 million.

You can get started in just a few clicks to see if you’re overpaying online.

Capital One Shopping compensates us when you get the extension using the links provided.

2. Open an Account With This Company and Earn 16x More — Plus $100

How’s an extra $100 sound toward a flight or hotel? For free? Seriously. We found a company that will give you $100 just for opening a new debit card. It’s called Aspiration.

Sure, a lot of debit cards offer sign-up bonuses throughout the year, but they often require you to jump through hoops with minimum requirements that feel impossible to hit.

But Aspiration makes it simple. To earn your $100, here’s all you need to do: Open your Aspiration account and deposit at least $10. Then set up and receive three direct deposits of at least $500 each from your paycheck or government benefits. That’s it! Then just wait for your check.

Even better? Your debit card gets you up to 10% cash back on your purchases and earns you 16x the average interest on the money in your account.

Enter your email address here, and link your bank account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”

3. Get a Free $225 in Cash Just for Watching Videos

If we told you you could get free money just for watching videos on your computer, you’d probably laugh.It’s too good to be true, right? But we’re serious. It could get you that much closer to affording another bridesmaid dress.

A website called 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. Brands pay InboxDollars to get these videos in front of viewers, and it passes a cut onto you.

InboxDollars won’t make you rich, but it’s possible to get up to $225 per month watching these videos. It’s already paid its users more than $56 million.

It takes about one minute to sign up, and you’ll immediately earn a $5 bonus to get you started.

4. Get Paid Every Time You Buy Toilet Paper

Grocery shopping was never exactly pleasant. But these days, it’s a downright struggle. Fighting crowds; keeping six feet of space — just buying toilet paper is a feat. Shouldn’t you have something to show for it?

A free app called Fetch Rewards will reward you with gift cards just for buying toilet paper and more than 250 other items at the grocery store.

Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing you purchased an item from one of the brands listed in Fetch. For your efforts, you’ll earn gift cards to places like Amazon or Walmart.

You can download the free Fetch Rewards app here to start getting free gift cards. Over a million people already have, so they must be onto something…

5. Let This App Pay You up to $83 When You Win Solitaire Games

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? You’ll have plenty of time between the rehearsal dinner and cocktail hour to rack up a few wins.

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.

6. Knock $489/Year From Your Car Insurance in Minutes

When’s the last time you checked car insurance prices?

You should shop your options every six months or so — it could save you some serious money. Money you could use to afford your cousin’s destination wedding in Tulum.

Let’s be real, though. It’s probably not the first thing you think about when you wake up. But it doesn’t have to be.

A website called Insure.com makes it super easy to compare car insurance prices. All you have to do is enter your ZIP code and your age, and it’ll show you your options.

Using Insure.com, people have saved an average of $489 a year.

Yup. That could be $500 back in your pocket just for taking a few minutes to look at your options.

Kari Faber is a staff writer at The Penny Hoarder. She’s earning extra cash so she can go to a wedding in wine country, another one in the mountains, celebrate with friends in Texas and round it out with a beach shindig before 2021 ends.

<!–

–>

Source: thepennyhoarder.com

What’s Your Next Splurge? 5 Tips for Saving Up for It Faster

What’s your next big purchase? What’s that one thing you really want?

Is it a new phone? A new car? A used car? A fancy dress? Expensive shoes? A laptop?

Or, wait, let us guess: You’re planning a big trip, aren’t you? After a year of COVID, you’re thinking about your next big vacation.

Whatever your next major splurge is, you ought to start saving for it now. The more proactive you are about saving up for it, the sooner you’ll get what you want.

Here are five tips for getting there faster:

1. See if You Can Get More Money From This Company

Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And you’re going to need extra cash for your splurge.

Try a debit card called Aspiration, which gives you up to 5% back every time you swipe.

Need to buy groceries? Extra cash.

Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money in the process?

Enter your email address here, and link your bank account to see how much extra cash you can get with your free Aspiration account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”

2. Add $225 to Your Wallet Just for Watching the News

Every little bit helps. Here’s a way to make a little extra money:

It’s been a historic time for 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 InboxDollars. 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 InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.

It takes about one minute to sign up, and start getting paid to watch the news.

3. Get Paid Every Time You Buy Groceries

Here’s another example of how every little bit helps get you closer to your goal.

A free app called Fetch Rewards will reward you with gift cards just for buying toilet paper and more than 250 other items at the grocery store.

Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing you purchased an item from one of the brands listed in Fetch. For your efforts, you’ll earn gift cards to places like Amazon or Walmart.

You can download the free Fetch Rewards app here to start getting free gift cards. Over a million people already have, so they must be onto something.

4. Stop Paying Your Credit Card Company

Credit card debt is the most expensive kind of debt, and your credit card company is just getting rich by ripping you off with high interest rates. But a website called AmOne can help you fight back.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.

AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.

It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.

5. Find Out If You’re Overpaying

Wouldn’t it be nice if you got an alert when you’re shopping online at Target and are about to overpay?

That’s exactly what this free service does.

Just add it to your browser for free, and before you check out, it’ll check other websites, including Walmart, eBay and others to see if your item is available for cheaper. Plus, you can get coupon codes, set up price-drop alerts and even see the item’s price history.

Let’s say you’re shopping for a new TV, and you assume you’ve found the best price. Here’s when you’ll get a pop up letting you know if that exact TV is available elsewhere for cheaper. If there are any available coupon codes, they’ll also automatically be applied to your order.

In the last year, this has saved people $160 million.

You can get started in just a few clicks to see if you’re overpaying online.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. You better believe he’s thinking about his next big purchase. 

*Capital One Shopping compensates us when you get the extension using the links provided.

<!–

–>

Source: thepennyhoarder.com

This Cash-Back Credit Card Matches Your Earnings at the End of Your First Year

Finding a rewards credit card that maximizes your cash-back earnings can be difficult.

There are a ton of options available. Heck, your mailbox is probably full of those “You’ve been pre-qualified!” flyers. But your goal is simple: Pocket as much cash back as possible.

That’s why we like the Discover it® Cash Back card.

Throughout the year, you’ll earn 5% cash back on your purchases from different places each quarter (up to $1,500 per quarter) when you sign up. All other purchases earn 1% cash back. Plus, at the end of your first 12 months as a new cardholder, the Discover it® Cash Back card will match your cash back. That means you’ve just doubled your money.

Earn 5% Cash Back — and Get it Matched at the End of the Year

After you sign up, each quarter, the Discover it® Cash Back card will reward you with 5% cash back on your purchases from various retailers. Here’s the quarter-by-quarter category breakdown for 2021:

  • January to March: Grocery stores, Walgreens and CVS (excludes Target and Walmart)
  • April to June: Gas stations, wholesale clubs and select streaming services
  • July to September: Restaurants and PayPal
  • October to December: Amazon, Walmart (online) and Target (online)

Anything you charge to your card during those months that doesn’t fall into those categories will still get you unlimited 1% cash back. Note: In the 5% cash-back categories, you’ll get 5% cash-back on up to $1,500 in purchases each quarter. In-category purchases over $1,500 will earn 1% cash-back.

And here’s the best part: At the end of your first 12 billing cycles, the Discover it® Cash Back card will double your cash back. So say you earned $150 in cash back. That means you just automatically got $300. That’s some solid passive income.

If you don’t want cash back, you can also redeem your rewards for gift cards and charity donations.

Curious to see how much cash back you can earn (and get matched) with the Discover it® Cash Back card? It takes minutes to apply online.

<!–

–>

Source: thepennyhoarder.com

How the Discover it® Cash Back Card Could Earn You a Free Month of Groceries

Grocery bills are eye-popping these days, and there’s no way around it. You have to buy food, right? And every time you go to the supermarket, you pay dearly when you swipe your card at checkout.

What if you could get a month’s worth of groceries — for free?

If you use the Discover it® Cash Back card for your purchases, throughout the year, you’ll earn 5% cash back on your purchases from different places each quarter (up to $1,500 per quarter) when you sign up. All other purchases earn 1% cash back. Plus, at the end of your first 12 months as a new cardholder, the Discover it® Cash Back card will match your cash back. That means you’ve just doubled your money.

Plus, there’s no annual fee.

If you earned $150 cash back in a year — after your match, you’d have $300. That could buy one person’s groceries for a month!

Earn 5% Cash Back, Then Double Your Money

After you sign up, each quarter, the Discover it® Cash Back card will reward you with 5% cash back on your purchases from various retailers. Here’s the quarter-by-quarter category breakdown for 2021:

  • January to March: Grocery stores, Walgreens and CVS (excludes Target and Walmart)
  • April to June: Gas stations, wholesale clubs and select streaming services
  • July to September: Restaurants and PayPal
  • October to December: Amazon, Walmart (online) and Target (online)

Anything you charge to your card during those months that doesn’t fall into those categories will still get you unlimited 1% cash back. Note: In the 5% cash-back categories, you’ll get 5% cash-back on up to $1,500 in purchases each quarter. In-category purchases over $1,500 will earn 1% cash-back.

And here’s the best part: At the end of your first 12 billing cycles, the Discover it® Cash Back card will double your cash back. So say you earned $150 in cash back. That means you just automatically got $300. That’s some solid passive income.

Plus, the Discover it® Cash Back card is nice because it doesn’t have an annual fee. That means all these rewards are legitimately free.

Curious to see how much cash back you can earn (and get matched) with the Discover it® Cash Back card? It takes minutes to apply online.

<!–

–>

Source: thepennyhoarder.com

How To Make a House A Home: Creating Memories

There are so many ways to make a house a home. A house is simply a physical structure.

A home is a place where you create meaningful memories with loved ones. It is a place for watching first steps, celebrating birthdays, and enjoying family dinners.

These activities will help you to create memories at home.

1. Plant a garden: Your family will love choosing flowers, herbs, fruits, and vegetables to plant in your garden. It will become a fun activity that you can do together. Watch the plants grow from season to season and year to year. We recommend also having each family member choose a plant that is uniquely theirs – they’ll have fun watching it grow and change, and it will be a great way to encourage responsibility.

2. Hang photos and art: Create a gallery wall with your children’s art and family photos. Hang holiday photos, first day of school photos, and photos from choice moments. Your kids will feel special when they see their art up on the wall.

3. Start a collection: Start a family collection. You will all get excited when you find something new to add. Collect salt and pepper shakers, vases, or something else that you all enjoy. Display the collection throughout your home, and each piece will remind you of the time you found it.

4. Make a height chart: Mark your children’s height on the door. You’ll love seeing how much they’ve grown, and they will get excited each time you make a new mark.

5. Make a “library” area: You don’t need a library to make a library area. Make a designated part of the home where your kids can curl up with their favorite books or, if your kids are pre-reading level, an area where you can read to them. You’ll make memories when you read together.

These ideas will help you to create new family traditions and memories. As they say, home is where the heart is! Write on our Facebook wall to let us know how your family creates memories at home.

Source: century21.com