NEVER lend over $100. This is because with lending it comes with risks, of course. If you lend anything over that and it turns out that person can’t repay you, then you end up losing every cent.
Although these apps may send them to collections to help get your money back, it’s always safe to say, only lend what you may feel comfortable with never getting back. However, if you do decide to go this route, you can make up to a $50 profit on every loan you dish out.
3. Invest in quick-app stocks
These apps include Acorns, Stash, and etc. They take a portion of the dollar amount of what you spend – then invests it for you into stocks of your choice. It’s seamless and a thoughtless process, so much so you’ll look up and would have invested over $500 within a month!
4. Use coupons or rebate apps – every time you shop
If you frequent stores like Target, Wal-Mart or even popular retail stores, there’s a legit way to