You’ve earned these savings.
We’re sharing 2020’s smartest money-saving discounts and recommendations for you to start the year out right!
You’ll be surprised at how much money you can save on items and services that you already use. Some readers are reporting as much as $6,000 worth of savings. Take advantage of these programs today!
Check out our best and most comprehensive list below…
1. Quit Buying Expensive Coffee
Did you know: The average markup for a cup of coffee is around 300%
With a markup like that, take-out drinks fall into the ‘luxury’ category.
How often do you find yourself buying a cup of coffee from your local shop? If you purchase a $6 drink four times every week, you’re on track to spend over $1,200 this year on something you could have made at home.
Consider making your drinks at home, or cutting the coffee addiction altogether — it’s bound to save you thousands of dollars.
2. Get $10 When You Sign Up For Rakuten
If you buy in-store or online from Amazon, eBay, Macy’s, Kohl’s, Target or Walmart, you need to sign up for Rakuten to get Cash Back.
After signing up for Rakuten (takes about 20 seconds), you’ll get Cash Back from all your favorite stores. It’s so easy. No fees. No gimmicks.
Limited-time: Get $10 after you make your first purchase from any online store.
3. Cancel Your Unwanted Subscriptions
Subscriptions can start feeling like thieves in the night when you’re trying to spend less. As streaming services hike up their prices, it might seem like your Netflix and Hulu bill is taking a huge chunk of your budget.
Keeping track of all these expenses can be a pain, but you can save hundreds by simply reviewing your credit card statements and identifying regular expenses you can live without.
Consider taking a few months off from your streaming service, subscription box, or shaving club. Before you know it, those companies will be reaching out with a great promotion to win you back.
4. Check Your Credit Score For Free
Do you know your credit score?
Credit scores are important when it comes to applying for a credit card, getting a loan, purchasing a car, or buying a house.
This BBB Accredited site will show your credit score from all three bureaus — totally free!
5. Never Buy Another Video Game
If you’re a gamer, or if you know a gamer, a GameFly subscription is one of the smartest purchases you can make
Similar to Netflix, GameFly is a video game subscription service. You can play just about every game for Nintendo Switch, Xbox One, Xbox360, PS4, PS3, Nintendo 3DS, and more.
Never pay $60 for a video game ever again.
GameFly allows you to rent 1 game at a time for 32 cents per day, or 2 games at a time for 45 cents per day.
Pro tip: GameFly offers a 30-day Free Trial, so you can sign up today without paying a dime.
6. Save Hundreds On Your Car Insurance
As a rule of thumb, you should check for cheaper car insurance rates every 6 months.
Car insurance companies are always competing for customers, and there’s likely another provider that can offer you a lower rate. If you pay more than $100/month and haven’t compared rates lately, you may be overpaying.
Instead of completing several forms to find the best price, use this handy site to find all your options in one place. The entire process takes just a few minutes, and can save you thousands.
7. Keep Track of Life with a SELF Journal
One secret of the world’s most successful people is that they all use planners and journals to track their day, stay motivated, show gratitude, and accomplish long-term goals. When used consistently, a planner can help guide you into the next best chapter of your life.
Our favorite option right now is the SELF Journal:
- Undated – start journaling anytime!
- 13 weeks long – the ideal timeframe for goal setting
- Used by the most successful people in the world
8. Protect Your Loved Ones With a Life Insurance Plan
Unfortunately, with every year you get older, your insurance costs rise 8-10%.
Protect your family and their finances with a life insurance plan. Plans are inexpensive, easy to setup, and will offer you complete peace of mind.
Get covered for just pennies per day — you can’t afford not to. This top-rated site is where we found our lowest rate. The entire process is quick and easy.
10. Take Advantage of Tax Deductions
Tax deductions are a great way to boost your tax refund and decrease the amount of taxes you owe the IRS. Here are a few of the refundable tax credits that go straight to your bank account if you qualify:
American Opportunity Tax Credit: The AOTC is a refundable credit for all educational expenses paid for a college student within the first four years of a higher education degree. If you’re a college student, you can get a maximum credit of $2,500 every year.
Earned income tax credit: This credit is paid to eligible moderate to low-income working taxpayers. Your annual earned income has to be around $20,000-$30,000.
Child tax credit: For families with children under the age of 17, the child tax credit pays up to $2000 per child, and up to $500 per qualified dependent.
Premium tax credit: This credit helps cover premiums for health insurance that is purchased from a federal provider.
9. Never Pay for Home Repairs Again
If you’re a homeowner and don’t have a Home Warranty, you’re taking a risky gamble that can cost you a lot of money.
A home warranty is a yearly service contact that covers any repairs or replacements of of important appliances and system components that break down over time, like your HVAC system.
If you’re a homeowner, a home warranty will give you:
- Peace of mind. You pay a monthly bill every month to receive all the benefits.
- The freedom from finding your own repairman– because who has time for that?
- Reduced costs to repair and replace your appliances or systems.
It takes about 10 seconds to get your free quote — what do you have to lose?
10. Get A Side Hustle
2019 was definitely the year of the side hustle, but in 2020, the gig market is projected to expand even more. If you aren’t tapping into contractor work like DoorDash, Postmates, or Uber, then you’re missing out on extra cash.
Most of these jobs pay weekly and you get to make your own schedule.
Consider a gig-type job to pay off your debt and start building your emergency fund.
11. Send Flowers To Someone You Love
Because… why not?
Make some’s day with a surprise delivery of fresh, beautiful flowers.
It’s simple, sweet, and cost-effective. And if you’re looking to get them delivered, JustFlowers.com is the delivery service we trust for same-day service.
If you’re busy and your budget is tight, sending flowers can be the perfect way to show someone how much they mean to you.