Could you use $100? I thought so. As a fun introduction to new readers of this blog, I am presenting five ways that you can make $100:
1) Earn interest on your cash. Open up a high-yield savings account that links up directly with your existing checking account and pumps up that piddly interest rate you’re getting now. At around 5% APY, with every $2,000 in cash you can make $100 more in interest a year. Banks like Washington Mutual and Citibank are even in the game.
2) Earn some quick cash for signing up for accounts. You can also get $100 upfront just for signing up and making a purchase with several credit cards. Just cut them up afterwards, or use them wisely. I’ve certain made hundreds doing this.
3) Get cashback on everyday purchases. If you are responsible with credit cards, you should really use a credit card that gives you cash back when buying everyday purchases like groceries, gas, and more. Here’s a list of the best rewards credit cards. You can easily get back $100 a year without changing your spending patterns.
4) Save on monthly expenses: Haggle your cable bill down by $20 a month, Save 10-15% a month on Cingular by using your school alumni e-mail to get a corporate discount, or drop that landline and save hundreds by switching to VoIP phone service. Depending on your current services, each of these can save you $100 a year.
5) Make your credit card work for you – For something more risky but potentially more profitable as well, read up on how you can make interest off the credit card companies, instead of paying it. If you borrow 2,000 of the credit card company’s money at 0% and sock it away at 5% (see #1), that’s another $100 a year! Do it with $30,000 (like I do), and make $1,500!
This post was inspired by the Group Writing List Project.
By Jonathan Ping | General | 8/14/06, 4:37pm