Quick Cash

In the digital age, there is no shortage of get rich quick schemes. This list isn’t that. If you need a few extra bucks in your spare time, you can make a decent side hustle by using a few of these daily.

 

Solitaire Cash

Kill some time and earn up to $83 by playing Solitaire. Set up as a tournament-style game, you’ll play against at least 5 other players and the top 3 players in each round can earn $1-$83. No annoying ads to watch, this game is an easy way to make some extra gas money. Download for free on iOS.

 

Video Clips

www.inboxdollars.com will pay you to watch video clips and answer short surveys after. Choose the video clip you want to watch and get paid for it, in cash. Sign up is quick and you’ll make $5 as soon as you finish signing up.

 

Bookkeeping

If you can manage an excel spreadsheet, you can make up to $69/hour in your spare time by becoming a book keeper. www.bookkeepers.com does not require you to be an accountant to keep someone’s books. Take the free class offered at the website above to see if this gig is for you.

 

Ibotta

Download Ibotta today to start racking in the cash. With a $20 bonus after redeeming your first 10 offers in the first two weeks. Snap a photo of your receipt when you get home from a shopping trip and scan the barcode on items you’ve bought to get cash back instantly.

 

Mock Jurors

If you’re a crime junkie, you’ll love this gig. Review evidence and render decisions to help lawyers prepare for real life cases. The process may include dedicating a full day spent in a hotel conference center, but there are online options too! eJury and OnlineVerdict pay $5-$60 for as little as an hour of your time. To qualify you must be a U.S citizen, 18 years or older and free of any felony convictions.

 

Friendship

www.RentAFriend.com is real, and the cash you can make by being a friend is real too. Make up to $50/hour and get perks like free dinners, concert tickets, sporting events and more. If you have good interpersonal skills, you could potentially make your friendship into a full-time job and make up to $2,000 a week.

What Is Financial Freedom?

Dave Ramsey, personal finance guru, touts financial freedom as the idea that you get to make your life decisions without the concerns for financial impact because you are prepared. By being in control of your finances, your finances do not control you.

 

That’s all well and good, the sentiment is uplifting and motivating. But what does it mean in concrete terms? Well, that depends on your goals. Do you dream of traveling to distance and exotic locals throughout your golden years? Then you’ll need a solid retirement savings plan, a handle on your debt, and a thrifty travel agent. But what if your goals are more modest? And what if you want to exit the rat-race entirely by age 40 instead?

 

Some would love nothing more than saving up to buy property and be self-sustaining years before others dream of retirement. This means saving up for a down-payment, figuring out housing, perhaps drilling a well and other expensive necessities. But the long-term gains outweigh the short-term grind for those with this dream.

 

To start on your path to whatever your financial freedom goal is, you have to figure out where you are, what you want and where you want to be. Get clear on your financial goalposts and get clear on how you’re going to achieve them.

 

Debt

Start with eliminating debt. Pay down your debts as soon as possible, making double payments when possible, and paying off small debts quickly. Set up repayment plans and stick to them for bigger debts. The faster you pay off your debts, the sooner you can start realizing financial freedom.

 

Savings

Explore your options for high-interest savings accounts and retirement plans. Research, reach out to a professional and start raking in that interest. This will help you make more money in the long run.

 

Investments

Invest and diversify. Even if you’re only investing $30 a month or buying one stock at a time, having investments and keeping a diverse portfolio will only add to your wealth. Once you’ve eliminated your debt, you can start paying yourself and putting that money (that you previous sent to debt collectors ) into the stock market. You’ll watch your wealth grow at a steady pace with wise investment practices. If you’re not comfortable making your own investments, pay a professional. Your interest from those investments will pay for the professional service easily.

 

These three steps are pillars for building your wealth and finding financial freedom, no matter what that looks like for you.

Financial Surprises To Avoid In 2021

In the wake of financial struggles that 2020 presented for millions of Americans, many are hoping that 2021 will be a year of recovery. Many have had to defer loans, bank on eviction moratoriums and learn to live lean. Though the year is new, financial responsibilities are not. Here are a few financial surprises you need to know about, and how to mitigate their effect on your budget.

 

Student Loan Forbearance Ending Soon

Federal student loans have been in forbearance since March 2020. This financial break ends on January 31st, 2021. This means you’ll need to start repayment and interest begins to accrue again. If you have had financial hardship, job loss or other major financial changes you may need to reach out and request an income-driven repayment plan. This means you’ll pay based on how much you’re making rather than a higher monthly payment.

 

Credit Card Debt

If you had to rely on credit cards during leaner times in 2020, make sure you’re making your payments on time before you get in over your head. If you are still struggling, reach out to your lender to inquire about hardship programs and explore other options for assistance.

 

Retirement Withdraws

If you had to rely on withdrawing funds from your retirement plan with the CARES Act, be prepared for a higher tax bill this tax season. You’ll owe 1/3 of the taxes on your entire withdraw on April 15th.

 

Unemployment Taxes

Many Americans don’t know that unemployment benefits are taxed. Be sure to file your taxes, even if you can’t pay the bill. Make arrangements with the IRS for a payment plan.

 

Payroll Taxes

Many employers chose to stop tax withholdings for the last quarter of 2020. This may have meant a larger paycheck for you, but those taxes are now being recouped during the first quarter of 2021. Be aware that if your employer participated, your checks will be smaller for a few months. Calculate this into your budget so you won’t be surprised.

 

Be Prepared

You have time to prepare and rework your budget to accommodate any of these potential financial pitfalls. Create a leaner budget for a few months and cut the excess fat from your expenses so that you can get through these or other financial surprises without too much struggle. Knowledge is key.