Having learned from years of effective penny-pinching, a striking revelation I’ve encountered is the prevalence of free money. Indeed, you may experience a few hurdles to access this money, but remain undeterred – because it comes without a price tag. By diligently monitoring these offers, you can amass a neat sum, stipulation-free, that could noticeably enhance your financial standing, enable your dream vacation, or boost your retirement savings, all on somebody else’s dime!
I’ve cultivated multiple avenues for earning free money. Begin exploring these avenues, and before long, you’ll be stunned at the number of free money offers you can accumulate. The golden rule here is to only opt for a new account or product that comes with a complementary monetary incentive.
Consider credit cards, for instance. Prestigious credit card companies occasionally reward sign-ups with free bonuses. However, these bonuses are generally extended to higher-income individuals with exceptional credit scores. A more viable avenue to earn free money from credit cards is through mindful utilization of rewards. For example, if a card offers 4% cashback on gas purchases for a specific period, utilize that card for fueling during that time. Once that perk expires, switch to a different card offering 2% cash back on all purchases. This strategy could amount to several hundred dollars in benefits over time if you prudently switch between credit cards with varying reward programs and ensure to clear your credit card balance each month.
Then we have investment accounts. Online brokers regularly offer enticing schemes to attract new clients. As Forbes rightly points out, “To be heard on the Internet, you first need to be seen.” Free money offerings are a popular way to grab attention. These offers can range from $50 to several hundred dollars, usually proportional to your investment or funds transferred.
Another excellent source of free money is online banking. ING Direct, for instance, periodically offers complimentary sign-up bonuses of $25 to $50 or more when you open a checking or savings account. They extend similar deals for children’s and teens’ accounts; such incentives are offered several times a year. So, if you’re contemplating opening an account with ING Direct, hold on till they run their free money schemes.
Being a skilful penny pincher goes beyond mere saving, extending to creative ways to augment your earnings. One such method is harnessing the power of free money. Stick to the rules, and the money is yours. You don’t need to keep all of your accounts open; simply close them once you’ve derived the free money.
This piece was written by Kyle Taylor, a freelance blogger at ThePennyHoarder.com, a site teeming with hundreds of quirky and ingenious ideas to supplement your income.
Photo credit: dotpolka
