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Wednesday, November 11, 2020

2020 Updates on Ways I am Saving Money

 

As a single mom of two I have to work hard to save money in every aspect of my life. I do everything to either earn extra money or save money when I can. I even pick up change off of the street when I find it. In 2020 I have had a couple of different avenues of saving money. I have not been able to do the typical avenue of clipping coupons when grocery shopping, due to COVID, so I have educated myself on financial sites for saving money. I want to share how you can invest money, buy bonds, or use a couple of apps that I recommend to help you save hundreds a year. Possibly even more once you learn different sites that work with your finances.

Stash is not necessarily a way of saving money on purchase but it is a great way to start investing. In 2020 I have made great strides to financial freedom using the Stash app for stock trading. I have made approximately $500 this year on stocks I have sold, that is not including money that I have gained that is still invested. 

Worthy Bonds is another way to invest in Bonds with a small $5 investment. I tested the site out and have learned that is is a very trustworthy site, and I am making interest daily. The interest on the Bonds is 5% and you do not lose money when the stocks plummet like they have this year. I am currently making about .45 a day in interest. No do not get me wrong, I have worked up to that over the last few months, and invested a couple of grand. But I am happy with a return on a daily basis and I can remove the money at any point. If I stuck with just what I currently have in Worthy Bonds I would make about $165 a year without doing anything. I would not stop investing on the site, I put in a steady $10 a week and even more when I can. As a single mom, those small amounts of savings makes a world of difference. 

Ibotta is a great money saving app for grocery purchase, traveling, online shopping and more.  For my Walmart pickups I have the apps connected to each other so all I have to do is pick offers from Ibotta then purchase them for my Walmart pickups. My cash back is simply added to my account. In 2020 I have saved more than $100 on my everyday purchases. 

Receiptpal is a slow earner for me but the process of earning points is very simple. You take a picture of any paper receipt you have or connect your email to the app so that any receipt you receive through your email will help you collect points. In 2020 I have earned about $50 in Amazon gift cards by simply submitting receipts. 

Inboxdollars has been a go to money saving and earning site for me since 2008. I love the site and stand by it 100%. I have heard from people that it seems like it would take forever to reach the $30 payout, but it doesn't. I have actually reached the payout three times in 2020. With a total savings/earnings of about $100. That is quite a bit of money for doing simple things like reading emails and taking surveys. I do not do a lot of the offers that pay higher, but there is a very huge opportunity to earn quite a bit more on Inboxdollars that I do.

By using these several methods I have made or saved about $1000 in 2020. Even though I have only been using Worthy Bonds for a few months. The key to success when saving money is to diversify the ways you save. Use sites to your benefit. Read into different methods of saving money or making money by using simple methods. I work 60 hours a week, and use all of these sites to help maximize my earnings. Please share genuine ways that you have to save money or ask any questions that you would like. I believe that we should all help each other, especially the way the world currently is. In 2020 there has been so much hatred towards everyone. Take simple things like this and lets help brighten each others days. Stay Blessed and Keep Saving!

Love Nona

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