Money Moves To Make in 2022

I get asked all the time: “what are a few money moves I can today to improve my finances?”

Keeping tabs on your money is obviously important. But why can it be so hard to stay on top of it day after day?

The short answer: there is SO much to keep track of. Budgets, payment dates, paying off debt, improving your credit score, refinancing, tracking your investments, and planning for retirement….just to name a few. It’s enough to make your head spin.

11 Easy Money Moves To Make Today

Here are 11 of the easiest steps you can take to start saving and making more money.

  1. Track Your Money
  2. Invest in Real Estate
  3. Earn a Passive Income
  4. Save on Car Insurance
  5. Optimize Your 401(k)
  6. Refinance Student Loans
  7. Get The Best Deal on Life Insurance
  8. Live for free
  9. Invest with a Robo-advisor
  10. Start A Blog
  11. Sign Up for A Travel Credit Card

1. Track Your Money Like Millionaires Do

One of the toughest parts of managing your finances is staying on top of every aspect of your wealth.

Investment performance, cash flows, budgets, early retirement trajectory…’s a lot.

Luckily, Personal Capital makes it easier to master your money. It’s hands down the best Free Money app in the game. It has over 50 amazing features that allow you to keep track of your accounts, your spending, and your retirement progress. Here are a few of my favorite:

  • Track your net-worth (the most important number in personal finance)
  • Monitor your spending
  • Analyze your investment portfolio
  • Track your savings goals
  • Plan for retirement

By linking your accounts with Personal Capital, you can use the next-level dashboard to keep a birds-eye view on your financial life.

It’s literally my favorite app ever. I’ve been using it for over 4 years and it’s completely FREE.

2. Invest in Real Estate

Want to invest in real-estate without putting down a huge down payment or becoming a landlord?

Believe it or not, there’s a way.

With Fundrise, you can start investing in real-estate with a minimum investment of just $500. Then Fundrise takes care of all the work for you.

The best part? You get to know EXACTLY what properties are included in your portfolio.

Earn money through quarterly dividend payments and potential appreciation in the value of your shares, just like a stock.

Keep in mind, there is risk involved with investing. Even though Fundrise has paid distributions every quarter since Q2 2016.

3. Earn Cash for Browsing Online While Watching Netflix

Spend much time online? Like earning passive income?

One of the “non-investing” ideas on my passive income list is Swagbucks, an online platform which gives users an awesome way to earn gift cards and rewards while doing easy things like answering surveys, watching movie trailers, and shopping online.

In the end, you get coupons and gift cards that keep cash in your wallet. They give out over 7,000 gift cards per day!

4. Only Pay for Car Insurance When You Drive

If you have a car, then car insurance is something you HAVE to pay for. There’s no way around it. Bummer. But…

…what if there is a way to ONLY pay for the miles you drive?

Metromile is making that happen with their pay-per-mile insurance model.

Here’s how it works:

  1. Get a Free Quote with Metromile
  2. Plug the Metromile ‘Pulse’ device into your car, which tracks your mileage
  3. Pay a small base rate, plus the going rate of the mileage you drive that month

It’s that simple.

If you only drive 100 miles in a month, then you ONLY PAY for driving 100 miles a month.

Isn’t it nice when we only pay for the things we actually use? I save over $600 per year using Metromile.

5. Optimize Your 401(k) and Stop Leaving Money on the Table

Got a 401(k)? Sweeeeet! You may be able to make it perform even better. Most people are leaving money on the table.

Knowing if your retirement account is crushing it can be difficult. All sorts of allocations, indexes and long-term planning to understand.

Fortunately, you can rely on the easiest tool out there to analyze and optimize your 401(k) for you: Blooom. And you can try it out for Free.

Blooom starts by giving your 401(k) an in-depth assessment, helping you understand your account better along the way. Find any hidden fees, see if you have the right balance of stocks and bonds, and get a better long-term outlook at your retirement planning.

If it’s right for you, the service is just $10/month for Blooom to continually monitor your retirement account. The ROI on the $10 a month is insane.

Let it know when you want to retire, and Blooom can help you get there.

6. Refinance Your Student Loans and Pay Up To $18,000 Less

The average college student has over $30,000 in student loans after graduation. And most people are paying WAY TOO MUCH MONEY on their student loans.

Don’t leave money on the table. The average student loan refinancer saves over $18,000 over the life of their loan. That’s a ton of money!

Fortunately, you can easily refinance those student loans as you build your credit and improve your finances in the first years of career.

Earnest and Credible both make refinancing easy and affordable. Some qualified borrowers can reduce their interest rate to below 5%. One Millennial Money reader even got a rate below 3%. Don’t leave money on the table!

Refinancing debt can give you more financial flexibility, and potentially pay less in interest.

7. Get the Best Deal on Life Insurance to Protect Your Loved Ones

Knowing what type of life insurance to get is tough. I’ll admit it.

Especially for young professionals in their 20s and 30s. You don’t always need the type of insurance being thrown at you by salesmen.

It can still be a great idea to have a basic life insurance policy if your family relies on your income or if you just had a kid. It can be your significant other, child, or relative you help care for.

You can get an instant quote from companies like Haven Life in less than 5 minutes, and many providers even offer policies without a medical exam.

8. Rent Your Home (and maybe even live for free!)

Renting out a room (or house) through AirBnB is one of the fastest and easiest ways to make more money.

Depending on your space, you could make anywhere between a few hundred bucks to a few thousand in extra cash each month with regular occupancy.

Signing-up takes no time at all and gives you the power to rent out your space whenever you want.

Do you own multiple properties? There’s even the potential to build a six-figure AirBnb rental business.

9. Invest with a Robo-Advisor to Maximize Your Investing Returns

Betterment is an easy to use platform that helps users start investing with as little as $10.

It works by asking you a series of questions about your age, income, risk tolerance, and financial goals. They help you minimize your tax burden and give you the option of consulting with a person any time you need a more personal touch.

Betterment keeps tabs on performance by letting you know when you are ‘on-track’ or ‘off-track’ to meet your goals. It also tells you how much to save in order to meet your goals.

10. Start a Blog Online Side Hustle and Make $2,000+ a Month

Fact: it has never been easier to make money online.

Fact: I’ve made over $1 million with this blog! Yup!

Already have a blog? Great!

Don’t already have a blog? Get started building your own personal platform. It’s the best way to build your brand and share your ideas with the world.

Step 1: Set up a blog in less than 10 minutes with BlueHost for as little as $2.95 a month using our link.

Step 2: Sign up for my Free 7 Day “How To Build A Profitable Blog Quickly” Email Course, where over the next 7 days I’ll walk you through the exact steps to launch your own blog and set it up to start making money. BOOM!

11. Sign Up for a Better Travel Credit Card (and travel for free)

Do you travel a lot or want to travel for free? Then you need to check out some of the amazing sign up bonuses from the best travel credit cards. Some cards give you up to 100,000 bonus miles or points for signing up! Depending on the airline you fly that can easily buy you a FIRST CLASS ROUND TRIP TICKET anywhere in the world.

If you do use credit cards and have decent credit then you should definitely check out the best travel cards to see if you can get a better credit card with better bonuses. I always sign up for at least 2 or 3 new travel credit cards every year to maximize the miles I can earn.

I am always looking for a card with better bonuses and miles.

What are some other easy ways to save and make more money?

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Read Comments

  • Comment Author image blank
    Metromile is only available in 7 states...before people get all excited. You may want to mention that. Safeco can be a really good option for saving on car insurance, though.
  • Comment Author image blank
    Can you talk more about Fundrise please? A lot of people have had mixed results for that company. I've heard it is extremely hard to pull out, since the companies individually can approve or disapprove. Most of them disapprove. I have heard they are always paying dividends on time quarterly however, so the ROI should be quick.I have heard they can also reinvest. Correct? Thank you for the blog post.
  • Comment Author image blank
    Eric @ High Five Dad
    Number 11 Fundrise sounds COOL! I had heard of most of the others but that one sounds super interesting.
  • Comment Author image blank
    Hey Grant. Thanks for all these tips. Very usefull Do you use the free Personal Capital tools or do you actually invest w/ them?
    • Grant Sabatier
      Grant Sabatier
      I use the free tools.
  • Comment Author image blank
    Bernz JP
    I do like #3 Which is pay only for car insurance when you drive your car. I've been doing this for years. Every winter time I keep one of my cars in the garage and tell my insurance agent to suspend the insurance for three months (December-February). Been saving me a bunch.
  • Comment Author image blank
    These are really great, actionable tips. I think that conquering the psychology of spending was the best thing for my financial life that I ever did. Not only does cutting your budget by eliminating unnecessary purchases help you to save more, it teaches you to live on less when you do reach financial independence.
  • Comment Author image blank
    David @ Let's Automate Your Money
    Cool tips! I've never even heard of Metromile. I'm definitely checking that out now.
  • Comment Author image blank
    Lady Dividend
    I like that your suggestions are immediately actionable. I hadn’t heard about the new car insurance. I’m also going to look further into Fundraise.