Do you own a smartphone? Do you have access to the Internet? If so, then you have a money-making device right in the palm of your hands!

Don’t believe us? Prepare to be surprised! Your cell phone can help you stay on track with your budget by providing a little extra cushion each month. Keep reading to learn five money-saving hacks that can help you earn some spare cash.

1. Digital Couponing Apps

No matter your status in life, we all have to eat. For the majority of us, that means taking trips to the grocery store on a regular basis. What if I told you that your smartphone could help you earn cash during your shopping trips? It’s shocking but true! Consider downloading these apps:

  • Ibotta
  • Coupon Sherpa
  • SavingStar
  • Checkout 51
  • SnipSnap

Each app provides different types of coupons on select products. To maximize your savings, check out the types of offers before you head out to the store. Make a list of items you want to buy, and then get to shopping! Some apps require that the cashier scan a barcode on your phone before you pay, while others let you redeem your cash once you’re home.
Once you return home, you will need to document your purchases through the apps. In most cases, that means either scanning the barcode of a product you bought or taking a picture of your grocery receipt. Once you reach a certain threshold of cashback, then you’ll be able to redeem it through PayPal.

2. Get Paid For Walking

The average American takes about 5,000 to 7,000 steps every day. Wouldn’t it be amazing if you could turn each one of those steps into cash? Well, prepare to be amazed because these apps will do just that:

  • Runtopia
  • SweatCoin
  • LifeCoin

Be sure to read through the terms and rewards for each app before you get too excited, though. Some apps give you rewards that can only be redeemed for certain products. Other offer forms of cryptocurrency.

3. Save Your Change Digitally

How often do your purchases come out to a rounded dollar amount? Not a lot, right? Typically, change will need to be exchanged for just about any transaction.  Certain smartphone apps can help you save your change by automatically rounding up each transaction to the nearest dollar. Here are a few of the most popular ones:

  • EvoShare
  • Acorns
  • Tip Yourself
  • Empower Finance

Right now, the current coronavirus pandemic is causing a coin shortage throughout the nation. Making your purchases with a debit or credit card not only protects you from touching germ-infested money, but it can also help you turn your change into a savings fund.

4. Go Generic

We all know that certain brands ridiculously overcharge their customers. They get away with it due to their big-name branding, though. One way to save money is to go with the generic option.
In the past, you might not have really known what types of alternatives you had to big-name brands. Now, you can use your smartphone to do a quick Google search on the product’s generic version. You should always do this when you’re purchasing prescriptions because some generic prescriptions can save you hundreds of dollars.

5. Never Buy on an Impulse

One of the best tips you can follow to help you save money is to really restrict all impulse purchases. That means you should never pull something off the shelf and buy it if you didn’t plan on purchasing it prior to getting to the store.

If you see an item you like but weren’t expecting to buy it, then you should think about that purchase for at least 24 hours. If you decide that the expense is justified after a day or so, then you can always go back to the store and buy it later. Thanks to technology, you could also simply look up the item online. You might even find a bargain deal that you weren’t expecting!

Use These Money-Saving Hacks to Balance Your Budget

Balancing your finances can feel a lot like a juggling act. These five money-saving hacks can help you achieve your goals by giving you a little extra spare cash to work with. Don’t expect these five hacks to completely balance your budget if you’re strapped to the max with debt, though.

If you know your financial situation won’t change and you’re in over your head with debt, then filing for bankruptcy can change your life. Depending on your situation, you may be able to get a large portion of your debts completely discharged. There are ways to keep your assets safe, too. If you’re interested in learning more about bankruptcy and how it can help, then reach out to our bankruptcy attorneys now at (888) 348-2616.

Are You Considering Filing For Bankruptcy?

If you feel bankruptcy is the best option for your financial situation you need to speak with an experienced bankruptcy attorney as soon as possible. Please contact us online or call our office directly at 888.348.2616 to schedule your free consultation.

James Roswold
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James Roswold is a Kansas & Missouri personal injury, workers comp, and medical malpractice attorney.