Looking for a way to get free money? Free money does exist, but it’s not about finding a magic solution.
Instead, smart strategies to maximize existing resources and opportunities are key. In this article, we will share some of the most effective and legitimate “free money hacks” that will help you save, earn, and even invest your money wisely.
cashback and points credit card
I made $500 using these cards for regular spending. Earn cashback and points. Make sure to pay off your balance monthly to avoid interest charges.
loyalty program
Many retailers, restaurants, and service providers offer loyalty programs that reward you for frequent purchases.
bank account bonus
Some banks offer cash bonuses when you open a new account and meet certain deposit criteria.
Referral bonus
Many services and apps offer referral bonuses when you invite friends to use their services. Check all paid apps you use. Probably every app should have some sort of incentive.
automatic savings app
With apps like Acorns, which round up your purchases to the nearest dollar and save you the difference, you can save money without even thinking about it.
Government rebates and incentives
Depending on where you live, there may be rebates on energy-efficient appliances, solar panels, and electric vehicles.
Participation in research studies
Participating in surveys and research studies often results in a small payment. There are many apps to try out, like Survey Junkie.
High interest savings account
Placing your savings in a high-interest account can earn you more than a standard savings account.
sell unused items
Can you sell your old board games or fine china?
You can easily make cash by selling your unwanted items on platforms like Facebook Marketplace, Craigslist, and eBay.
Coupon and discount app
Using coupons and discount apps for groceries and everyday purchases can save you a lot of money in the long run.
Free educational resources and scholarships
There are many ways to earn money to go to school.
If you’re a student, you can take advantage of these free online courses to improve your skills and apply for scholarships. This can help you save on education costs and advance your career.
Utility savings program
Some power companies offer programs and discounts to reduce your energy usage during peak hours.
public transport incentives
Some employers may offer incentives or subsidies for using public transportation, which can save you money on commuting.
library resources
Libraries aren’t just about books. You can often rent movies, music, and even tools for free, saving you money on entertainment costs.
Health Savings Account (HSA) or Flexible Spending Account (FSA)
If you have access to these accounts through your employer, you can save on medical expenses with pre-tax dollars.
Government support programs
Depending on your situation, you may be eligible for government assistance programs that can help with food, health insurance, and child care costs.
Energy efficient home upgrades
Investing in energy-efficient home upgrades can lead to long-term energy bill savings.
Bulk purchase and wholesale of clubs
You can save money on groceries and common household items by purchasing in bulk or through wholesale clubs.
DIY projects
Learning how to do basic home repairs and projects yourself can save you a lot of money on labor costs.
Community events and free entertainment
To save on entertainment, look for free community events, museum days, or performances.
gardening and growing your own food
If you have the space, growing your own vegetables and herbs can save you money on groceries.
house sitter or pet sitter
This can be a way to earn some extra cash, especially if you can find an opportunity that doesn’t conflict with your regular job.
If you have an extra room or parking space, consider renting it out to generate additional income.
carpooling
Share your ride with others to save on fuel and vehicle maintenance costs.
Production and sales of handmade miscellaneous goods
If you have a craft or skill, selling handmade items is an easy way to make money.
Use public domain or Creative Commons resources
For creative projects, you can save on licensing fees by using assets that are free to use.
Second hand shopping
Buying clothing, furniture, and other items second-hand can save you a lot of money.
cook at home
Preparing meals at home instead of eating out can save you a lot of money in the long run.
Bonus volunteer activities
Some events offer free admission or other perks in exchange for volunteering.
Subscription service reduction
Check your subscription services (streaming, magazines, etc.) regularly and cancel any you don’t use frequently.
Cycling or walking instead of driving
It not only saves transportation costs, but also is good for your health.
Take advantage of free trials
However, if you do not intend to continue with the service, please remember to cancel before the trial period ends.
Debt consolidation and refinancing
If you have high-interest debt, you can reduce your interest payments by consolidating or refinancing your debt.
automatic investment app
Some apps allow you to invest small amounts of money and grow your savings over time, but this comes with risks.
Join a local exchange or barter network
Trade skills and items with others in the community.
