You likely know that interest rates have been rising, including rates on credit cards. Also, make sure the card doesn’t have spending caps that limit the amount of cash back you can earn. Woroch recommends using a card that offers a flat percentage back on every purchase rather than a card that offers cash back (or a higher cash back rate) only on certain purchases. You also could use a credit card that lets you earn cash back on purchases. With Fetch, you earn points that you can redeem toward free gift cards to a variety of stores, including Target and Amazon, to offset future purchase costs. You can also turn receipts into cash back by taking pictures of them with a free rewards mobile app such as Fetch. “I recently earned $55 last month, and the money was directly deposited to my PayPal account that I transferred right to my bank account.” “You can earn anywhere from 1% to 25% cash back depending on the site's offer,” Woroch says. For example, you could download an Internet browser extension such as ’s Sidekick to automatically alert you to cash back offers and coupon codes when you shop online. You can take some of the sting out of rising prices by taking advantage of opportunities to earn cash back on purchases. Better yet, you might be able to get items you need for free by joining a Buy Nothing group on Facebook to connect with people who are giving away things they no longer need or are willing to swap items. You could even download an Internet browser extension such as Beni that finds the same or similar gently-used options for whatever products you search for online. For example, you can save up to 80% off sporting goods at Sideline Swap, up to 80% off clothing at sites such as Poshmark, and up to 60% off on refurbished electronics and home appliances, Woroch says. Look at used options before buying anything new. And using an account monitoring service such as Carefull will alert you to duplicate services you’re paying for and potential discounts. Even simple tricks like unplugging unused gadgets can reduce your energy bill by 10%, Woroch says. You can reduce your auto insurance costs by shopping around for a new policy from different providers, bundling auto and homeowners coverage with one insurance or increasing your deductible. You might find savings on other bills, too. You may be able to save by switching to a lower-tiered data plan without impacting your service.” Or you might save by switching to another wireless carrier such as, which sells wireless service in bulk, offering talk, text and data for just $15 per month. “Ask yourself if you really need unlimited data, and look at your actual usage. “For example, a study found that 90% of mobile users waste money on unlimited data plans,” she says. That’s why Woroch recommends scrutinizing the services you pay for to get rid of wasteful spending. You might be spending more than necessary on your monthly bills without realizing it. Follow these five money-saving tips from consumer finance expert Andrea Woroch to keep more of your cash and feel less stressed about your finances. However, there are plenty of ways to spend less without feeling deprived. Of course, spending less can feel restrictive-like a diet-which is why it can be so hard to cut back. One way to reduce financial stress is to create more wiggle room in your budget by reducing your spending. More than half said their financial stress has increased since before the COVID-19 pandemic began. A survey by CNBC and Momentive found that 70% of Americans are stressed about their personal finances these days. If you’re worried about your finances, you’re not alone.
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