How can $100 Change Your Finances?
“$100 doesn’t go very far” is something I have heard a few times recently from various sources. Our expenses are creeping up (or in some cases skyrocketing), making it harder to budget for many families.
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Last year I got a surprise $100 gift card in the mail and asked on Instagram what you would do with it. I haven’t used it yet, but have thought about how you could use $100 to invest and get even more.
Get $10 from 86 400! I’ve used 86 400 for a year now and they’ve been great. It takes a couple of minutes to join for free. It’s fee-free banking and online only. Use the code S7VL6WF when you join free here to get your $10 after you use your card for the first time.
Get $5 from Up bank which I have been using for a while now. Get your $5 for joining in minutes.
This post may contain affiliate links for products and services I use. Read my full disclosure here.
1. Invest and get the Sign-up Bonus
Raiz and Spaceship are two apps for investing which use small amount and you can get an instant bonus. With $5 on each to invest you can immediately get an extra $15: ($5 with Raiz here and $10 with the Spaceship Voyager App with the code S801FV0EE2.
If you want to invest in crypto you can get $10 free Bitcoin here when you join then invest a small amount.
Continuing to invest is key here though. Without more payments going in, the money will diminish due to fees in Raiz or not increase much with either of them. However, if you continue to invest, you can earn more than through a high-interest savings account sometimes.
Or, you can sign up, get the bonus then leave later. Personally, I prefer to invest like this rather than put money in high-interest savings account at the moment.
Udemy is one place with loads of courses to help you learn more and they frequently slash prices to just $15! This means you could do more than one course and some come with certificates so you might be able to use them to get a pay rise, change careers or pick up a great side gig.
Another educational option is books! I read daily and it is so important. This year I am reading 52 books. You can find the full list here.
3. Start A Business
Did you know you can start an online business for under $100? I wrote about it here. My site is hosted with SiteGround, I got my domain name from Crazy Domains. It’s free to get an ABN and set up your social channels.
4. Get A Resume Refresh
If you are job hunting, having a killer resume is crucial. You can DIY it but most people I know who have landed the jobs they truly want used a professional resume writing service. Cover letters, selection criteria’s and your LinkedIn profile can all be redone by someone else to help you land a higher paying job.
5. Get Discounts
Buy The Entertainment Book if it is something your family will use (there are quite a lot of discounts) or look at other discounts and freebies. Lots of discounts like this can save you more than the $100 you had originally, making your money go further. Groupon is another great option for massive discounts.
6. Invest At Home
What could you buy or have you wanted to buy that would save you time, money or make life nicer? Some items such as a slow cooker can save you long-term on groceries. Other items such as quality pillows, sheets and linen (Adairs has a sale) increase your quality of sleep. When we sleep well, we make better decisions including reduced impulse buys and we eat better. Other options include activewear (I love the Ryderwear range as they have something for a variety of shapes and sizes) or exercise equipment. I use a yoga mat and kettlebell at home, both of which are under $100 total. These things will help you improve your health which in turn saves money on medical expenses.
Think about what purchases would help you save money then as you save, put that money into savings to make your $100 go even further.
7. Treat Yourself
When is the last time you had time for yourself or went away? See if someone can have your kids overnight (even if it means they stay at a few different friends places if you have more than one or two kids) and go somewhere.
It doesn’t have to be expensive and yes, you can do a staycation, but the reason I recommend getting out of the house is that if we are home, we tend to do stuff e.g. clean. By being out of the house we are forced to take a break of sorts.