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If Your Mortgage is More Than $750/Month, Make These 6 Moves

If you’re paying more than $750 a month in mortgage by yourself, that means two things:

  1. It stinks to pay that much, and
  2. You’ve clearly got some income. Not everyone can afford that kind of mortgage.

So you’re making money and living in a decent place. You’ve finally got a little cushion in your bank account. You’ve achieved a certain level of financial stability.

What should you do next? Well, we have six suggestions for you:

1. Protect Everything in Your House

A photo of a yellow apartment building.
Getty Images

What if you lost everything? All your possessions — your clothes, your furniture, your laptop. Any jewelry you have. Even your microwave oven.

A kitchen fire could torch it all. A burglar could steal your valuables. And where would you be then?

You could be out of luck — unless you have a good homeowners insurance. And here’s the thing: Even if you do, you’re probably overpaying it.

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.

In fact, it saves users who re-shop on both homeowners and auto insurance up to $1,055 a year. It’ll even help you break up with your old insurance company. (You’re allowed to cancel your policy at any time, and your company should issue you a refund.)

And just because you’re saving money doesn’t mean you’re skimping on coverage. Policygenius will make sure you have what you need.

Just answer a few questions about your home to see how much money you’re wasting.

2. Help Your Family Pay off the Mortgage

money management steps policygenius
Johnny Greig/Getty Images

So you’ve purchased a home, and that’s great! You’re a bonafide property owner — which unfortunately comes with a mortgage. But have you ever thought about how your loved ones would pay that mortgage and other bills without your income? How would they do without your paychecks coming in?

If that’s not a pretty picture, you should check with an online insurance company like Haven Life. You could leave your family up to $3 million* — and you can get an online quote in only a few minutes. 

You might’ve heard how much work it is to deal with traditional life insurance providers — scanning and faxing documents, then potentially waiting weeks just to hear back. But with Haven Life, you get an instant decision on coverage.

And it’s cheaper than you might think. We’ve seen people getting coverage for as low as $14 a month**. 

To get started, just tell Haven Life a little about you and your healthand get your free quote.

3. If You Can’t Lower Your Mortgage, Cut Your Credit Card Bill

If you’re like most of us, two of your biggest financial burdens are a mortgage and credit card debt. High credit card bills make it that much harder to pay the mortgage every month.

One problem: Your credit card companies are getting rich by ripping you off with insane rates. However, a company called Fiona could lower your monthly payment.

Here’s how it works: Fiona will match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster.

If you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.

4. Save up to $865 a Year on Car Insurance

It may be impossible to negotiate your mortgage payment, but you can negotiate some of your other monthly bills — like car insurance. When was the last time you shopped around for that? Was it more than six months ago?

If so, you’re probably overpaying, and possibly by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.

Twice a year? Yeah, we don’t want to do that either.

A service called Gabi does all the shopping for you to find cheaper insurance — with the same coverage and deductibles you already have. And it saves customers an average of $865 a year.

You don’t have to fill out any forms. Just link your existing insurance account and enter your driver’s license, and it will start looking for cheaper coverage.

Plus, after you sign up, Gabi will keep looking for savings. No more shopping.

5. Add up to 300 Points to Your Credit Score

You’re doing pretty well. You’ve got a decent place to live, you make your mortgage payments — you’re not overly concerned with your credit score. In fact, you might not think much about it at all.

But what happens when you want to refinance? Or buy a car? Even a five-point difference in your credit score could make a huge difference. That’s why it’s important to keep tabs on your credit score, which you can do for free through Credit Sesame.

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.

If you want to make sure your credit score is in tip-top shape, Credit Sesame will help. Just sign up for an account — it takes 90 seconds — and Credit Sesame will outline exactly what you need to do to give your credit a boost

6. Withdraw $5 and Buy a Piece of a Corporation

Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company.

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

That’s why we like the app Stash. It lets you be a part of something that’s normally exclusive to the richest of the rich — buying pieces of other companies. But Stash lets you start with as little as a $5 investment.

You can buy pieces of well-known companies, like McDonald’s, Apple, Tesla¹ and many more. The best part? When these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.

It takes two minutes to sign up, plus Stash will give you a $5 sign up-bonus (you just doubled your money!). Stash offers subscription plans starting at $1.00 a month². As a reminder, investing involves risk.

You might not be in the next issue of Forbes, but this is a great way to get started. 

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

Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is 71922 and in Arkansas, 100139527. 

*Coverage amount available for those ages 18-59 is up to $3M. 

**$14 quote is based on a healthy, non-smoking, woman seeking a $250,000 policy with a 20-year term.

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If You’re in Your 30s, Here’s How to Get a Huge Life Insurance Policy for $16

If you’re relatively young and healthy, you’re probably not thinking about life insurance. In fact, it might be the furthest thing from your mind.

I’ll worry about that later, you’re thinking. Maybe 10 or 15 years from now.

Here’s the problem with that: You’ll never get a better deal on life insurance than you will right now, while you still have your health. You’ll never get any younger than you are right now. And the younger you are, the lower your premiums will be.

Putting it off means you’ll pay more. By getting in early, you’ll be protecting your loved ones at the best price possible.

Also, keep in mind that term life insurance is probably cheaper than you think. For example, rates start at just $16 a month at a company called Bestow.

If you’re under the age of 54, you can get a free quote without a medical exam — or even getting up from the couch.

With Life Insurance, It’s Smarter to Act Sooner Than Later

Maybe you don’t want to think about life insurance right now. But think about leaving your family $1 million, and the security of knowing they’ll be taken care of.

“Life insurance is a difficult topic for many to think about, and so it is often avoided or forgotten until it’s either too late or too expensive,” said Kerri Moriarty, a financial business strategist based in Boston.

“Premiums only increase as you get older, and you are likely the healthiest you’ll ever be now. Term insurance is an affordable way to get started with a death benefit that can cover you through the most important upcoming years — a new mortgage, young children, etc.”

So have you thought about how your family would manage without your income after you’re gone? How they’ll pay the bills? Send the kids through school?

Now’s a good time to start planning for the future. To get the best deal, get a policy while you’re young and healthy.

Getting a quote from Bestow takes minutes.

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Here’s How This 5-Minute Move Could Leave Your Family Up to $3M

Have you ever thought about how the future will look?

We’re not talking about Star Trek or Terminator here. We’re talking about the near future, like the next 20 years. 

Specifically, have you thought about what your loved ones’ futures would look like without you? Without your income? How would they do without your paychecks coming in?

If that’s not a pretty picture, you should check with an online insurance company like Haven Life. You could leave your family up to $3 million — and you can get a quote in only a few minutes. 

How You Could Leave Your Family up to $3M 

You might be thinking this sounds like a lot of work. Traditional life insurance providers would require you to scan and fax documents to insurance agents and then potentially have to wait weeks to hear back. 

But Haven Life lets you get an instant decision on coverage, based just on the health information you provide online.

Just enter your birthdate, gender, state and whether you’re a smoker, then choose a policy length of 10, 15, 20 or 30 years. If you’re like most people, you probably want what’s called “term life insurance,” which is the simplest, cheapest and most popular kind of life insurance policy. It pays a lump-sum benefit to your loved ones if you die during a specified “term” — in this case 10, 15, 20 or 30 years. 

Finally, choose how much coverage you want, ranging from $100,000 up to $3 million¹. Remember that the cash benefit from a life insurance policy is intended to help replace your income or satisfy your debts if you die. 

It’s to replace the money you would have earned if you had lived. It could also pay for a mortgage, funeral expenses, credit card debt and child care costs.

It’s Cheaper than You Think

Your earnings really add up over time — especially 20 or 30 years. That’s why you shouldn’t be scared away by the idea of a half-million-dollar or $1-million policy. 

People tend to overestimate the cost of life insurance. For instance, nearly half of millennials think life insurance costs about five times what it actually does, according to a study² by the life insurance industry group LIMRA.

We’ve seen some people get a policy for as little as $14 a month³.The actual cost of your premiums would depend on factors like your age, how much coverage you want, etc. But you might be surprised at how affordable it is. That’s another reason why it’s worth getting a free quote.

We like Haven Life because it’s fast, easy and affordable, and the whole application is done entirely online. You can get a free quote without a medical exam. (You may need to get a medical exam to get coverage, but it can be done at a location that’s convenient to you.)

Plus, Haven Life is owned and backed by MassMutual, a trusted insurer that’s been in business for more than 160 years.

The younger you are, the cheaper a life insurance policy is. Once you purchase a policy, the premiums will stay exactly the same throughout the term of that policy.

In other words: You’ll never get a better deal on life insurance than you will right now, while you still have your health. By getting coverage now, you’ll help protect your loved ones at the best price possible. Get your free quote here.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.

Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is 71922 and in Arkansas, 100139527. 

¹Coverage amount available for those ages 18-59 is up to $3M. 

²According to the LIMRA study, “A Matter of Opinion: Employer and Employee Perceptions of Benefits Priorities and Strategies”

³This quote is based on a healthy, non-smoking 30-year-old female could get a $250,000 policy for a 20-year term starting at just $14 per month.

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People Who Don’t Do These 10 Things Before 2021 Will Have Less Money Next Year

Time flies, and the end of the year will be here before you know it. Now’s the time to make a few smart money moves before 2020 comes to a close.

Here are ten strategic steps you should take if you want to start 2021 strong.

1. Spend the Money in Your FSA: Don’t Let it Go to Waste

If you have a Flexible Spending Account through your employer as part of your health insurance plan, remember this key fact: The biggest drawback with an FSA is that you lose whatever money you don’t use up by the end of the year. 

You can pull money from your FSA to cover the cost of prescriptions, office visit copays, over-the-counter medical supplies, eyeglasses or contact lenses. Your account typically comes with a debit card you can use to pay for medical expenses whenever they come up. 

Tick tock! Use it or lose it! 

2. See if You Can Get 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 who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% 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.”

3. Give Your Family up to $1,000,000 

Oh, to be a millionaire. Look, not all of us have the money to set up trust funds for our loved ones. But you could still give them up to $1 million.

A company called Bestow can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as $16 a month.

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

4. Cancel Your Car Insurance

When was the last time you shopped around for car insurance? Was it more than six months ago?

If so, you’re probably overpaying — by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.

Twice a year? Yeah, we don’t want to do that either. 

A service called Gabi does all the shopping for you to find cheaper insurance — with the same coverage and deductibles you already have.

And it saves customers an average of $961 a year.

Enter the name of your insurance company and a few other details to see how much money Gabi could save you.

5. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

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

That’s why a lot of people use the app Stash. They make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

6. Ask This Website to Help Pay Off Your Credit Cards

No, like… the whole bill. All of it.

If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape… 

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. 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 3.99% 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.

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

It’s been a historic year in 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 the news. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars.

It’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 people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

8. Become a Real Estate Tycoon

This year has been a rollercoaster. Historically, though, real-estate investing offers the best long-term returns. (Does the name Rockefeller ring a bell?)

That’s why we like investing with pros like DiversyFund. They’ll help you make long-term investments in apartments and office buildings all over the country  — and you don’t have to be a millionaire. You can get started with only $500. 

You can see exactly which properties are included in your portfolios — like a 200-unit apartment complex in Killeen, Texas or a 59-unit building in San Diego. And you don’t have to be the landlord — DiversyFund does all the heavy lifting.

Because they know how to ride out the market’s ups and downs, they’ve historically seen annual returns of 17% to 18%, though they can’t make any promises.

As a partial owner, you make money on rent payments and when property values go up. It takes just a few minutes to sign up and own your first apartment building.

9. 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?

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.

10. Get up to $500 in Free Stock 

An investing app called Robinhood will give you up to $500 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

How to claim your free stock: It takes just a couple of minutes to sign up and see how much free stock you can get.

*The Penny Hoarder is a Paid Affiliate/partner of Stash. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

**You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various

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People Who Don’t Do These 10 Things Before 2021 Will Have Less Money Next Year

Time flies, and the end of the year will be here before you know it. Now’s the time to make a few smart money moves before 2020 comes to a close.

Here are ten strategic steps you should take if you want to start 2021 strong.

1. Spend the Money in Your FSA: Don’t Let it Go to Waste

If you have a Flexible Spending Account through your employer as part of your health insurance plan, remember this key fact: The biggest drawback with an FSA is that you lose whatever money you don’t use up by the end of the year. 

You can pull money from your FSA to cover the cost of prescriptions, office visit copays, over-the-counter medical supplies, eyeglasses or contact lenses. Your account typically comes with a debit card you can use to pay for medical expenses whenever they come up. 

Tick tock! Use it or lose it! 

2. See if You Can Get 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 who doesn’t want extra cash?

Yep. A debit card called Aspiration gives you up to a 10% 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.”

3. Give Your Family up to $1,000,000 

Oh, to be a millionaire. Look, not all of us have the money to set up trust funds for our loved ones. But you could still give them up to $1 million.

A company called LeapLife can help you leave your family up to $1 million in term life insurance, and it can cost less than your monthly Netflix subscription.

We get it — it’s one more bill, and who has time to sign up? But we hear people are paying as little as a few bucks per month.

It takes just minutes to sign up and see how much life insurance you can leave them — even if you don’t have seven figures in your bank account.

4. Cancel Your Car Insurance

When was the last time you shopped around for car insurance? Was it more than six months ago?

If so, you’re probably overpaying — by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.

Twice a year? Yeah, we don’t want to do that either. 

A website called Insure.com makes it super easy to compare car insurance prices before 2021. 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 $540 a year.Yup. That could be $500 back in your pocket just for taking a few minutes to look at your options.

5. Buy a Piece of a Corporation (Even If You’re Not Rich)

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

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

That’s why a lot of people use the app Stash. They make it easy, plus they’ll give you $5 of stock in Amazon or Google (or another company of your choice) just for opening an account. 

The best part? When these companies you invest in profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 

Enter your email address to quickly sign up (you only need to deposit $5 into your investment account to get the $5 bonus).

6. Ask This Website to Help Pay Off Your Credit Cards

No, like… the whole bill. All of it.

If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape… 

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. 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 3.99% 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.

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

It’s been a historic year in 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 the news. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars.

It’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 people more than $59 million.

Enter your email address here and you’ll immediately get a $5 bonus to get you started.

8. Become a Real Estate Tycoon

This year has been a rollercoaster. Historically, though, real-estate investing offers the best long-term returns. (Does the name Rockefeller ring a bell?)

That’s why we like investing with pros like DiversyFund. They’ll help you make long-term investments in apartments and office buildings all over the country  — and you don’t have to be a millionaire. You can get started with only $500. 

You can see exactly which properties are included in your portfolios — like a 200-unit apartment complex in Killeen, Texas or a 59-unit building in San Diego. And you don’t have to be the landlord — DiversyFund does all the heavy lifting.

Because they know how to ride out the market’s ups and downs, they’ve historically seen annual returns of 17% to 18%, though they can’t make any promises.

As a partial owner, you make money on rent payments and when property values go up. It takes just a few minutes to sign up and own your first apartment building.

9.Cut Your Cell Phone Bill to as Little as $5/Month

You’ve probably had the same cell phone company for a while, right? Which means you’re probably paying way too much.

We found a discount wireless carrier called Tello that offers plans starting at just $5 a month. How much are you paying now?

Tello operates on Sprint’s nationwide network, offering 4G LTE data everywhere Sprint does.

You can bring your own phone (Tello works with any Sprint-compatible phone) or buy a new one through them. Even better: There are no early termination or activation fees, no contracts or phone-exclusive plans — no tricks of any kind.

Tello doesn’t require you to sign a binding contract — it’s pay-as-you-go — so you can build your own plan and update it at any time. If you decide you don’t like it, you can always just change your mind.

See how much you could save with Tello here. 

*The Penny Hoarder is a Paid Affiliate/partner of Stash. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers.

**You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various

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These 4 Legitimate Companies Will Give You Free Stocks

We’re all about freebies around here. Free gift cards? Heck yeah! Free money? Sign us up! Free stocks? Even better — they could increase in value over time!

And before you ask: Yes, there is a such thing as free stocks. We know, we know. It sounds too good to be true, but you just have to know where to look — and that’s where we can help you.

We researched the best, most legitimate investment companies, apps and trading platforms that offer something for free:

1. Robinhood: Get up to $500 in Free Stock

Here’s the thing about millionaires: They know the sooner you start investing, the better. And we found a company that will give you free stock to get started. 

An investing app called Robinhood will give you up to $500 worth of free stock in companies like Visa, Microsoft and GE, just for downloading its app and opening a free account. 

Robinhood is free and easy to navigate, which is why more than 10 million people use it — including both news junkies looking to outsmart the market and people who want to carefully put a few bucks away in a long-term investment.

How to claim your free stock: It takes just a couple of minutes to sign up and see how much free stock you can get.

2. Stash: Get $5 in Amazon or Google Stock

Imagine if you had bought one share of Amazon for $18 when the stock first went public. Today, it would be worth more than $20,000 — despite all the ups and downs in the stock market.

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

That’s why a lot of people use the app Stash. They’ll give you $5 of stock in Amazon (or another company of your choice) just for opening an account.

The best part? When these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.

How to claim your free stock: It takes just a couple of minutes to sign up and get your bonus stock — you may even just get a share of the “next Amazon.”

3. Acorns: Invest 15 Cents and Get $5 in Bonus Stock

Yeah, we know what you’re thinking: 15 cents? How’s that going to do me any good?

Well, that leftover change from your morning coffee and evening grocery hauls could turn into more than $1,000.

That’s what happened when Penny Hoarder reader Jeremy Kolodziej opened an investment account with Acorns. The app’s round-up feature bumps each of your purchases up to the nearest dollar and puts the spare change into the stock market, which helped him mindlessly save $1,076 in about 20 months.

“It’s a virtual coin jar,” he says. “You don’t even think about it.” He used the spare change to pay for two vacations.

Plus, Acorns will give you a bonus $5 in stock!

How to claim your free stock: When you sign up for Acorns through The Penny Hoarder, you’ll get a $5 bonus.

4. iConsumer: Get $85 in Free Stock

The other companies on this list give you free shares of stock when you open an online brokerage account, but iConsumer is different. It’s a cash-back site that lets you earn shares of iConsumer stock. Think of it like a rewards platform like Ebates or Ibotta — with the added bonus of free stocks.

Shop at more than 2,000 retailers through the portal to earn cash back andshares of iConsumer stock. You can sell stocks at any time.

How to claim your free stockCreate a new account with iConsumer and start earning cash — and stocks — back on your online purchases. When you spend your first $25 through the platform, you’ll get a bonus of 500 iConsumer stock shares.

500 shares of iConsumer stock (trading at 17 cents per share, as of October 17, 2019, that’s about $85 worth of stock)