If you’re considering becoming an Uber driver, NOW is the time!
The referral bonus for new Uber drivers has traditionally be lower, at $50 in most cities, but Uber has increased the new driver referral bonus to $150 in many cities! The bonuses vary by city, so it may be more or less in certain cities. For example, right now it’s $300 in Washington, DC, $400 in Boston, and $500 in Los Angeles!
It’s very easy to get started, and there are only a few steps you need to take to get paid your bonus:
Who has ever said, “Why, no, I don’t need to save a few bucks every month?” Saving money often requires sacrifice, but the idea that saving is difficult couldn’t be further from the truth. You may have to cut back on a few expenses, but watching your debt shrink and your savings account build is worth it.
Have a Light Bulb of an Idea
Do you have an idea so good that it’s like a cartoon light bulb goes off in your head? Consider this thought: The light bulb is the great idea. Changing the bulbs you use in all the fixtures throughout your house probably doesn’t seem like a money-saving idea. If anything, buying new light bulbs for all the overhead lights and lamps in your home is a costly expense.
Over time, incandescent bulbs are more expensive. They use more energy and more electricity, and so they also use energy at a faster rate. As a result, they tend to burn out faster, which causes you to replace them more often. Who needs that hassle? While LED lights cost more initially, you won’t need to replace them as often as you do incandescent bulbs. The LEDs don’t use as many kilowatts either, saving you $100 or more over the lifespan of the LED lights.
Add or Subtract 5 Degrees
You may believe you can do little to save money on heating and cooling that doesn’t involve buying an expensive new HVAC system. However, all you need to do is to adjust the temperatures on the thermostat during the summer and winter seasons.
How cool do you keep your house during the summer? If you keep your thermostat set at 68 degrees, take the temperature up to 73 degrees and observe how the house feels. As long as everyone in the home is cool enough, you don’t have a reason to turn the thermostat lower. During the winter, lower the temperatures by 5 degrees. By doing so, you should save at least $100 every year.
Pare Down Your Phone Plan
Nearly everyone who owns a mobile phone can waste a certain amount of money every month, whether it’s on data, apps, or contracts. Getting locked into a contract can quickly consume your monthly expenses. Switching over to prepaid phone plans from a provider such as T-Mobile, for example, puts you in control. With a deal like this one, you can use T-Mobile’s reliable nationwide 4G LTE network for your communications. However, you can choose unlimited data, multiple lines, or pay-as-you-go plans that allow you to add text, data, and storage as needed.
In addition to cutting down on your monthly payouts, using a prepaid phone plan can also help you to create a monthly budget. You no longer have to carve out a significant chunk of cash to take care of your cell phone bill each month. You also won’t have to worry about overage charges either.
Whittle Down Your Debt
Debt can swallow up your savings each time you get ahead. Use the money you save to battle it as much as possible. Follow the debt avalanche method, which advises paying the minimum payments on all credit cards and other debts while paying extra on the card that has the highest interest. With the snowball method of debt reduction, everything extra goes toward your smallest debt.
Improve Your Grocery Shopping Game
Food is a necessity, but it costs a great deal of money, too. Every Sunday, sit down to put together a meal plan. Make a menu for each day of the upcoming week. Include plans for leftovers, such as eating the same meal twice, making something new from a previous meal, or taking your leftovers for lunch. Once you know what you want to buy, you can save money in two ways: Make a list and follow it to the item, and use what coupons you can.
Everyone wants to make the most of budgets, so share your tricks. How do you cut down on monthly costs?
Auto-pay is one of the best things to happen to people who have a hard time remembering to pay their bills. The ability to have your biller automatically charge you on or before the due date saves you from worrying about late fees or having services disconnected.
Even with the peace of mind that comes along with knowing your bills will be paid on time, auto-pay has some downsides that you should consider.
Incorrect Billing Amounts Are Paid Automatically
One of the biggest drawbacks to auto-pay is the risk of having the company withdraw too much from your account. How many times have you had to contact customer service to adjust an error on your bill? In cases, where you haven’t already made payment, customer service can adjust the amount due and you can pay the lower, correct amount.
However, when you’re signed for auto-pay, payments might be made before you get a chance to have the error corrected. While the company will adjust your bill, they likely won’t refund the overpaid amount. Instead, your account will be credited and you’ll have to go without the funds in your checking account.
You Can Lose Track of Your Bills
Sometimes putting your bills on auto-pay makes them “out of sight, out of mind,” but completely forgetting about your bills is a lousy way to manage your finances. There’s more to managing your bills than simply making sure they’re paid on time. For this reason, I have set up most of my bills to auto-pay, with the exception of my cable and Internet bill, which seems to always be changing.
You can easily lose the pulse on your money because you’ve become complacent with your bills being automatically paid. Price increases may go unnoticed, for example. And if your biller increases the minimum payment, but your payment is set for a specific and lower amount, you can get hit with late fees for underpayment even though you technically paid on time.
You Give Up Control Over Your Payments
Say your employer accidentally underpaid you or a technical glitch caused a delay in your direct deposit. If you’re manually paying your bills, you can delay payments until your deposit issues are corrected. However, on auto-pay, the bills will be processed automatically and can cause overdrafts and expensive fees.
Cancellation Can Be a Pain
It only takes a few steps and a few minutes to sign up for auto-pay but depending on the company you’re dealing with, you may have to jump through hoops to cancel your scheduled payments.
For example, you may have to let the company know you want to cancel a few days before the scheduled payment. Some companies require you to cancel in writing – which means you have to type and send a letter and then wait for the company to receive the letter and process your request. Find out ahead of time what it takes to cancel your auto-pay so your cancellation can take effect before the next payment.
Making Auto-Pay Work
Setting your auto-payments to a dedicated credit card – one with a large enough credit limit – can help alleviate some of the issues that happen with auto-pay. At least if a company overcharges you, it comes out of your credit limit, not out of your checking account. If you choose to use your checking account for auto-pay, keeping a buffer in your account can prevent overdrafts.
Whichever method you choose, don’t forget to monitor your billing and checking account statements each month to confirm your transactions and billing amounts are as they should be.