Saving $1,000 in your bank account is a major accomplishment. Saving that type of money when you have a family to support is an even bigger win. While a cushion of cash is always recommended, there are several ways you can put that money to good use. Follow the right advice and you can set your family up for the future, no matter what it may bring.
If you're ready to take your finances to the next level, here are five steps you can take to secure your future and the future of your loved ones.
Buy Life Insurance In Minutes, With No Exam Required, And Leave Your Family Up To $1.5 Million
Have you set your family up for financial success even if you pass away? The process of obtaining life insurance doesn't have to be cumbersome. In fact, Bestow can offer up to $1.5 million per month in just a matter of minutes.
If you're making at least $5,000 in combined family income, the team at Bestow offers one of the easiest methods for obtaining life insurance without a medical exam. Premiums start at just $10 per month, making this a simple must-have piece of protection for your family.
Apply for a Bestow quote and in less than 60 seconds they'll tell you exactly how much you'll have to pay based on the coverage amount you desire.
Compare Insurance Rates For Your Home And Vehicle
Insurance rates for your home and vehicle can change rapidly. The company Gabi utilizes a platform that takes your information and provides instant offers for home and auto insurance.
Some Gabi users have saved up to $1,000/year by switching from their current provider to a new solution. Even if your insurance is less than a year old, you could save big money from one company to the next.
The companies that Gabi searches include well-known insurance brands, which should give you confidence in the no-obligation offers you receive.
It only takes a few minutes to find your best home and auto insurance rates by clicking here.
Invest In Companies Without Spending Big
If you're interested in putting your money to work, investing in the stock market is a great way to earn compounding interest. The best part? You don't have to be a business tycoon.
The app Stash allows anyone to invest with as little as $1. Stash allows for fractional share buying, allowing customers to purchase portions of company shares if you don't want to invest in entire shares. Choose a Stash+ plan and you can earn 2x stock rewards when you spend on eligible purchases.
We specifically love Stash as a tool for children. The company offers custodial accounts, which allow you to invest in the stock market with your children. Kids can access their funds when they turn 18-years-old. Custodial accounts are great as an educational tool. Invest as little as $1 at a time and your kids can watch their accounts grow.
Sign up for Stash for you and your child, it only takes two minutes to get started and you'll earn a bonus after making your first trade. Invest $5 and Stash will match it.
Have A Will Or Trust Created Without The Hassles Or Costs Associated With Traditional Lawyers
Trust And Will is a company that has streamlined the processes of creating trusts, wills, and guardianship contracts. The company offers will creation for just $89 per parent. That's a fraction of what you'll pay when visiting a law office.
A will is important for determining some of the biggest issues your family can face if you pass away. Your will helps designated legal guardians for your children and pets, allows you to choose if anyone should be excluded from your personal property, and even helps determine your final resting requests.
If you want to nominate a guardian for your children or provide certain benefits to them when they're older, your will is the tool that will be required once you're no longer with them.
Sign up at Trust and Will for your contract needs and you'll immediately gain access to securing the future of your significant other and your children.
Open A Bank Account That Gives You Cash Back For Debit Card Transactions, Plus So Much More
Aspiration is an FDIC-insured online bank that offers huge incentives for its customers. The bank provides up to a 1.0% APY, requires zero fees to have an account, and even offers unlimited free ATM withdrawals.
The company also understands that debit card customers want the same type of cashback rewards that credit card users receive. With Aspiration, you can receive up to 10% back on transactions
Sign up and use your Aspiration account and you may receive up to $150 for your efforts.
One of our favorite parts about this company is that they track your spending and show you the impact your purchases are having on our planet.
Start saving by signing up for an Aspiration account and you'll never go back to traditional banking again.