Looking for ways to get free money? Free money exists, but it’s not a magic solution.
Instead, they are about smart strategies for maximizing your existing resources and opportunities. In this post, I will show you some of the most effective and legit “free money hacks” that can help you save, earn and even invest your money wisely.
Cash back and rewards credit cards
I made $500 using these cards for my regular spending. You can earn cash back or reward points. Just make sure you pay off the balance each month to avoid interest charges.
Loyalty programs
Many retailers, restaurants and service providers offer loyalty programs that reward you for frequent purchases.
Bonus bank account
Some banks offer cash bonuses for opening a new account and meeting certain deposit criteria.
Referral bonus
Many services and apps offer referral bonuses when you invite friends to use their service. Check all the paid apps you use, they probably all have some kind of incentive.
Automated savings apps
Apps like Acorns that round your purchases to the nearest dollar and save the difference can help you save money without even thinking about it.
Government rebates and incentives
Depending on where you live, there may be rebates for energy efficient appliances, solar panels or electric vehicles.
Research and Participation in Research
Participating in surveys or research studies often pays a small amount. There are many apps like Survey Junkie that one should try.
High interest savings accounts
Putting your savings into a high interest account can earn you more than a standard savings account.
Sell unused items
Do you have any old board games or fine china to sell?
Selling those items you no longer need on platforms like Facebook Marketplace, Craigslist, or eBay can be a quick way to make some cash.
Coupon and discount apps
Using coupons and discount apps for groceries and everyday shopping can save you a lot of money over time.
Free educational resources and scholarship
There are many ways to get paid to go to school.
Use these free online courses to improve your skills or apply for scholarships if you’re a student. This can save money on education or help advance your career.
Utility savings programs
Some utility companies offer programs or discounts to reduce energy use during peak hours.
Public Transport Incentives
Some employers offer incentives or subsidies for using public transport, which can save you money on your commute.
Library Resources
Libraries offer more than just books. they often have movies, music, and even gear available for free rental, which can save on entertainment costs.
Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs)
If you have access to these accounts through your employer, they can save you money on medical expenses with pre-tax dollars.
Government Supported Programs
Depending on your situation, you may qualify for government assistance programs that can help with food, health insurance, and child care costs.
Energy efficient home upgrades
Investing in energy-efficient upgrades to your home can lead to long-term savings on utility bills.
Mass buying and wholesale associations
Buying in bulk or through a wholesale club can save you money on groceries and common household items.
DIY projects
Learning to do basic home repairs or projects yourself can save you a lot of labor costs.
Community events and free entertainment
Look for free community events, museum days or public performances to save on entertainment.
Gardening and growing your own food
If you have the space, growing your own vegetables and herbs can save you money on groceries.
House Sitting or Pet Sitting
This can be a way to earn extra cash, especially if you can find opportunities that don’t conflict with your regular job.
If you have an extra room or a parking space, consider renting it out for extra income.
Carpooling
Share rides with others to save on fuel and vehicle maintenance costs.
Manufacture and sale of handmade items
If you have an art or skill, selling handmade items can be a simple way to make money.
Use public domain or Creative Commons resources
For creative projects, using free assets can save on licensing fees.
Second-hand shopping
Buying used clothes, furniture and other items can significantly reduce expenses.
Cooking at home
Preparing meals at home instead of eating out can save a lot of money over time.
Volunteering for Benefits
Some events offer free admission or other perks in exchange for volunteering.
Reduction of subscription services
Periodically check your subscription services (like streaming, magazines, etc.) and cancel the ones you don’t use often.
Bike or walk instead of driving
This not only saves money on transportation costs but is also good for your health.
Take advantage of free trials
But remember to cancel before the trial period ends if you don’t intend to continue the service.
Debt Consolidation and Refinancing
If you have high-interest debt, consolidating or refinancing it can lower your interest payments.
Automated investment applications
Some apps allow you to invest small amounts of money and can be a way to grow your savings over time, although this comes with risk.
Participate in local exchange or exchange networks
Trade skills or items with others in your community.
