The New Year means New Year’s resolutions. While many of us start with lofty goals, we tend to break our resolutions before the end of the month. However, there is one New Year’s resolution that’s easier to keep than you may think. To get financially fit in 2016 is easier when you have tools that make it simple. Our sponsor, Discover, offers several ways to help you save more, make more and grow your money.
Get Financially Fit
Resolution: Save More Money
Saving more isn’t hard when you set it up automatically with an online savings account. Set up your savings account to transfer 5% of your income to start and then increase it every quarter. Don’t miss that 5% from your budget? Up it to 10% and you’ll be in great shape. If you already have an emergency fund in place, set up an additional savings account for a specific savings goal like a vacation fund or new car fund.
Discover’s Savings Accounts offer a .95% APY*, a rate that is 5 times the national savings average. Plus there are no monthly fees, which makes it cheap, too! Not only will it be easier to save you’ll be earning more on your savings, too. Sign up for a Discover Savings Account here.
Resolution: Let Your Money Work For You
You work for your money, but why not let your savings do the extra earning? It isn’t a ‘get rich quick’ scheme, but that extra interest can really add up over the years.
With a minimum of $2,500 you can get a Discover Certificate of Deposit (also known as a CD) that offers flexible terms and helps your cash grow. Learn more about Discover’s Certificate of Deposit.
Resolution: Earn More Money
Earning more money isn’t always easy. Sure you could devote hours to a second job, start a side gig, or sell things you no longer need, but you can only do so much work. Eventually you want to find ways to earn more without any effort. While it sounds like a dream, it’s actually reality! You can earn more by using a Cashback credit card like Discover’s cards.
The Discover it® card offers 5% Cashback Bonus® on rotating categories on up to $1,500 in purchases when you sign up, 1% Cashback Bonus on all other purchases, and other options for earning more.
New Discover cardmembers can get a special offer to double all of their cash back at the end of their first year. That’s a win-win!
From January through March 2016 Discover is offering cash back on purchases that will help you enjoy a road trip or weekend getaway. You’ll get 5% Cashback Bonus on gas stations and ground transportation on up to $1,500 in purchases when you sign up.
In addition to saving money on gas, the offering works great for other modes of ground transportation, which are great to keep in mind for planning family adventures:
- Uber & Lyft
- Charter & Tour Bus Lines
- Local & Suburban Public Transportation – Buses, Trains
- Taxis, Limos
- Bike Share Programs
- Rental Cars
Cashback Bonus rewards can be redeemed in multiple ways, and as part of the standard Discover it card benefits, there is no minimum requirement for redemption and rewards never expire. Cardmembers can call the customer services team and ask to speak with Cashback Concierge, who can walk you through the best ways to earn rewards based on your spending behavior, step-by-step. Learn more about Discover’s Credit Cards here.
These are just a few ways to help you improve your finances in 2016. Smart use of your credit is a great way to make your money work for you.
This post is sponsored by Discover.
*Current rates can be found on Discover’s website, rate is subject to change.