9 Things to Do If Your Raise Didn’t Match Inflation This Year
Our salaries are in a race with inflation, and we’re losing.
The cost of everything is rising faster than it has in four decades, and there’s no escape, because it’s affecting basic necessities like food and gas. You can’t go without eating, and you have to get around.
Inflation hit a 40-year high in June, with prices up 9% compared to a year earlier.
Did your salary go up 9% this past year? No, we didn’t think so. Costs are rising faster than your salary is.
What can you do to protect your bank account and make some extra money if you’re feeling the squeeze? Here are the best ways to make and save more money that you probably haven’t thought of before.
1. Earn up to $83 Every Time You Win This Viral Game
Lots of us already play Solitaire on our phones for fun. Want to see if you can win money at it?
A free app called Solitaire Cash lets you play for real money — up to $83 per win.
For each game of Solitaire, you’ll compete against at least five other players. Everyone gets the same deck, so it’s all about skill. The top three players can win real money.
You can play free practice games or enter tournaments for as little as $1. Right now, Solitaire Cash will give you a $5 bonus to use toward tournaments when you add $10 to your account.
And no, this isn’t one of those spammy apps. There aren’t even any annoying ads. Over on the App Store, it has over a million downloads and more than 15,000 ratings, averaging 4.7 stars (out of 5).
Want to see how much you could win? You can start playing right now to find out. Download the free app and get your $5 bonus when you add $10.
2. Get Paid Up to $140/Month Just for Sharing Your Honest Opinion
Brands want to hear your opinion to help inform their business decisions on everything from products and services to logos and ads — and they’re willing to pay you up to $140 a month for it.
A free site called Branded Surveys will pay you up to $5 per survey for sharing your thoughts with their brand partners. Taking three quick surveys a day could earn up to $140 each month.
It takes just a minute to create a free account and start getting paid to speak your mind. Most surveys take five to 15 minutes, and you can check how long they’ll take ahead of time.
And you don’t need to build up tons of money to cash out, either — once you earn $5, you can cash out via PayPal, your bank account, a gift card or Amazon. You’ll get paid within 48 hours of your payout being processed, just for sharing your opinions.
They’ve already paid users more than $20 million since 2012, and the most active users can earn a few hundred dollars a month. Plus, they’ve got an “excellent” rating on Trustpilot.
It takes just a minute to set up your account and start getting paid to take surveys. Plus, right now, you’ll get a free 100-point welcome bonus just for becoming part of the community.
3. Get Up to 40% Cash Back When You Shop Online
Chances are you do some of your shopping online. Whether it’s pet food from Walmart, a new outfit from Macy’s or even a flight home for summer vacation, you’re probably leaving money on the table.
A free website called Rakuten has the hookup with just about every online store you shop, which means it can give you a kickback every time you buy.
In fact, since Colleen Rice started using Rakuten, she’s earned more than $526.44. For doing nothing. Seriously.
Rice says she uses Rakuten for things she already has to buy, like rental cars and flights.
It takes less than 60 seconds to create a Rakuten account and start shopping. All you need is an email address, then you can immediately start earning cashback at your go-to stores through the site.
Your cash will be deposited directly into your bank account or via a check in the mail every few months. Talk about money for nothing.
4. Cancel Your Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But don’t waste your time hopping around to different insurance companies looking for a better deal.
Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
5. Earn Up to $100 this Month By Answering Survey Questions About the News — It’s Anonymous
The news is a heated subject these days. It’s hard not to have an opinion on it.
Good news: A website called YouGov America will pay you up to $100 or more this month just to answer survey questions about politics, the economy and other hot news topics.
Plus, it’s totally anonymous, so no one will judge you for that hot take.
When you take a quick survey (some are less than three minutes), you’ll earn points you can exchange for up to $100 in cash or gift cards to places like Walmart and Amazon. Plus, Penny Hoarder readers will get an extra 500 points for registering, and another 1,000 points after completing their first survey.
It takes just a few minutes to sign up and take your first survey — and you’ll get your points immediately.
6. Let This Free App Save You $50/Month on Dining Out and Groceries
It’s no secret that things are getting more expensive these days — including food.
But an app called Upside can help you save money every time you dine out or buy groceries. They keep it simple: Spend money at a participating grocery store or restaurant and earn an average of 13% cashback on groceries, or 17% at restaurants. Oh, and that’s real cash, not points.
Just download the Upside app and create a free account, then browse the map to find participating restaurants and stores in your area and claim an offer.
Pay for your groceries or meal with a card that’s stored in your Upside wallet, then tap “Check In” or take a picture of your grocery receipt.
Upside will tally up your cash-back earnings. And when you’re ready, you can transfer your funds to a bank account, PayPal or exchange them for gift cards from brands like Starbucks and Amazon. You’ll get your money in two days or less.
People who use the app regularly save an average of $240 a year on groceries and $160 on dining out.
Download the Upside app to get started — it’s completely free, and it works at more than 50,000 businesses, including gas stations.
7. Get Paid $225/Month While Watching Movie Previews
If we told you that you could get paid while watching videos on your computer, you’d probably laugh.
It’s too good to be true, right?
But we’re serious. By signing up for a free account with InboxDollars, you could add up to $225 a month to your pocket. They’ll send you short surveys every day, which you can fill out while you watch someone bake brownies or catch up on the latest Kardashian drama.
No, InboxDollars won’t replace your full-time job, but it’s something easy you can do while you’re already on the couch tonight, wasting time on your phone.
Unlike other sites, InboxDollars pays you in cash — no points or gift cards. It’s already paid its users more than $56 million.
Signing up takes about one minute, and you’ll immediately receive a $5 bonus to get you started.
8. Get a Higher Yield than a High-Yield Savings Account with a Treasury Account
Want to do more with your savings? Yeah, us too.
Well, a company called Public could help you earn a 5.40% yield* on your money — that’s 13 times faster than a regular savings account!**
Instead of stashing your money in a savings account, Public offers a Treasury account that allows you to invest in treasury bills. Treasuries basically work like a loan that you give the government, which pays you back later, plus interest. And being backed by the U.S. government makes them one of the safest*** ways to invest your money.
Unlike traditional savings or high-yield savings accounts, you don’t have to pay state or local taxes*** on income you earn from Treasury bills. So, depending on where you live, more of your savings may go back into your pocket.
Once you’ve signed up and created your account, you can easily transfer money by linking a bank account. From there, you can enroll in a Treasury account and start investing for as little as $100. After your Treasury bills mature, Public will automatically reinvest to create a compounding effect. You can also sell your Treasury bills at any time*.
It only takes a few minutes to enroll in a Treasury account with Public to start earning more on your savings.
This is a paid endorsement for Public.com.
9. Add $225 to Your Wallet While Watching the News
It’s been a historic time for news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves a constitutional scholar or a foreign policy expert.
That might not be the best news for your dinner conversations — but it’s great news for your wallet. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short surveys to choose from every day, which you can fill out while you watch tonight’s broadcast.
You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.
It takes about one minute to sign up, and start getting paid while you watch the news.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
* Yield is an annualized 26-week T-bill rate (as of 11/21/2023) when held to maturity. Rate assumes holding T-bill until maturity (26-weeks). T-bills liquidated prior to maturity may result in a loss of interest or principal. Rate is gross of fees and is annualized. Fee schedule at public.com/disclosures/fee-schedule.T-bills are purchased in increments of $100 par value at a discount; any remaining balance after purchase is held in cash. All investing involves risk of loss. Past performance is not indicative of future results. Risks. US members only.
** Traditional savings rate sourced from Bankrate as of 10/3/23. “Best” high-yield savings accounts are compared to the average APY (annual percentage yield) as compiled by NerdWallet.com as of 10/11/23. Public is not responsible for the accuracy, timeliness, or completeness of information on third-party websites. Nor Public Holdings or its affiliates are a bank and Public does not offer savings accounts. Securities on Public.com are not FDIC insured. You should contact your bank for current and complete information about available account types, including applicable interest rates. Risks.
*** T-bills are subject to price change and availability – yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T- bills moves inversely to changes in interest rates. Although T-bills are considered safer than many other financial instruments, you could lose all or a part of your investment.Investment income on T-bills is taxed federally by the Internal Revenue Service. Income earned from T-bills is not subject to state tax, and is not subject to local income taxes. Jiko U.S. Treasuries Risk Disclosures for further details.
Investment services and the Brokerage Accounts for treasury securities are offered by Jiko Securities, Inc. (“JSI”) member FINRA and SIPC.
Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. Banking services and the Bank Account are provided by Jiko Bank, a division of Mid-Central National Bank. Available to US members only. Full disclosures at public.com/#disclosures- treasuries
