Most of us need to use our paychecks to pay rent, buy groceries, or fill the Toyota Tercel with gas. And it can be a stretch to find extra money to save and invest.
The good news is that there are ways to increase the amounts of money in your Stash account without initiating a deposit from your linked bank account.
It’ll just take a little initiative and can-do attitude. Here are five ways you can start Stashing more without tapping your potentially tapped-out checking account.
1. Refer your friends!
You can earn money by referring your friends, enemies, frenemies, or anyone else to Stash. We’ll give you $5 for each referral, up to a maximum of $500.
2. Sign up for Stash Cash Back
We all need to spend money—on groceries, the occasional dinner out, or putting gas in your car. If you’re going to spend, why not get some cash back?
If you sign up for Stash Cash Back, shopping at participating businesses will earn you cash back. That’s money you can then invest, if you wish.
Learn more about Stash Cash Back, and sign up.
3. Let your investments earn you money
Your investments can earn you more money which you can then reinvest.
How? By earning dividends and interest payments. Stock owners may periodically receive dividends as a cut of a company’s profits, while bond owners may get interest payments on their debt securities.
4. Win contests!
Stash occasionally has contests and sweepstakes (Stash ran a contest called The Vault, for example, during 2018) that users can win to add to their accounts. Take part, and see if you can win.
5. Turn on Round-Ups
Round-Ups are a feature of the revamped Auto-Stash, and they allow you to “round up” your transactions to the nearest dollar, depositing the difference into your Stash account. This is money coming from your bank account, but it’s a simple way to supercharge your investing with small amounts.
With time, your Round-Ups could add up!
Learn more about Round-Ups, and how to turn them on.
If you’re not yet an investor, you can get started with only $5 on Stash.