It could be transferring your savings to a High Yield Savings Account to earn extra interest.
It could be eating out or grocery shopping at a significant discount.
Or it could be maxing out your retirement accounts.
Over the last 6 months, we’ve continued to do as much “Life Hacking” as we can.
Here are some of the things we’ve done:
- We maxed out our HSA and both IRAs at the beginning of the year
- We’ve continued to use our weekly Chipotle Hack
- We paid our IRS tax bill with credit cards & got enough in bonuses to cover the cost of our CPA for the year
- We’ve significantly hacked my daughter’s upcoming college tuition costs, hopefully saving over $50k in the process (CLEP tests, community college class transfers, optimizing the block tuition, etc)
- We’ve kept our cash in treasuries or money market accounts so most of our cash is not sitting in our bank account earning very little in interest
The list could go on.
I hope this is a reminder that there are so many “life hacks” you can regularly use to save, invest, and earn more money.
I’d love for you to send me any “life hacks” you’ve found that have been a blessing to your family!
