Free money hacks are a quick and secure way to eliminate your debt burden permanently. I have 4 money tips that I want to share with you. There are solutions out there meant for people who are indebted or deeply indebted. My objective is to give you free money hacks that will help you see outside the box. You will get solutions that will fast track your path to a debt-free life sooner.

At the core, your budget is equal to this equation:

  • Revenue – Expenses = profit/loss or zeroed out.

Free money hacks will help you delve into that equation and squeeze out the unnecessary things. You will go from showing a deficit to ultimately showing a profit. Follow me, and let’s start the journey.

Free money hacks

Free Money Hack#1 – Debt consolidation loan

A debt consolidation loan is by far the most common method that people tend to use, and it’s quite understandable. The objective of the technique fits directly into what I mentioned above. It won’t do anything in terms of increasing your revenues; nevertheless, It will do wonders regarding lowering your expenses. I won’t explain in detail what is a consolidation loan because I spoke about it in-depth in my article: How to get rid of debts fast-(2 foolproof tips).

However, I can certainly tell you that by merging all your debts in a consolidation loan, you will be a winner. The lower payments that will come with a debt consolidation loan will allow you to breathe much better. Above all, invest that additional disposable in high return financial products.



Debt consolidation (continued).

Many companies offer debt consolidation loans, although my advice would be to go with RateSupermarket. I have been in contact with them many times and I what I appreciate the most is that their interest rates are the most reasonable when compared to ungodly rates that payday loan charge for borrowing with them for a simple 2-week period. They answered all my questions without trying to sugarcoat anything. Compare a 400% interest rate charged by payday lenders to a 19.99% to 39.99% charged by RateSupermarket. I know what you’re thinking, and you’re right, they don’t even compare.


Free Money Hack#2 – Let the retailers work for you.

What do I mean by letting the retailers work for you? Even though we might be indebted, we still need to have a roof over our heads, to eat, to buy clothes and fulfill our other basic needs. We still need to be able to do that, albeit it doesn’t mean we cannot get paid for our business. Nowadays, we can buy everything online from diapers to fresh produce to a new sofa. Amazon has changed our habits and has put the world at the tip of our fingers.


Linked with a program like Ebates, you can save hundreds to thousands of dollars every year. Ebates is lovely because it allows you to continue purchasing whatever you’re used to buying online but with a twist. You get paid every time you are buying while being connected to your account. For example, whenever you purchase from Amazon, you can get up to an additional 5% on top of the already low prices that you have on Amazon. Nevertheless, all the amount that you accumulate on your Ebates account is then sent to you every month like clockwork.

Savings example for a family of four.

For example, a typical family of four that includes two children ( not even teenagers) spends a minimum of $1200 on groceries every month. The family needs clothes, and let’s not forget miscellaneous items like soap, toothpaste, toothbrush, deodorants and so on so forth. To clarify, we can roughly estimate that a budget of $2200/month allows the family to purchase the strict minimum. If we calculate our $2200 and put it on an annual basis, we get a yearly amount of $26400. With the 5% cashback that you can get with Ebates, you will receive a total amount of $1320.

Let The Retailers work for you (continued).

If you use tip#one and #two together, you’re definitely on your way to clearing all your debts. Most importantly, invest the additional disposable income. Instead of calling this article 4 Money Tips To Get Rid Of Your Debts, I should have called it: How to make money online.

Therefore, if we return to the equation from the beginning, we managed to lower our payments/expenses with a debt consolidation loan, and we increased our revenues with Ebates. Continue reading to find out about the other solution that will help you put more money in your pockets.

Free Money Hack#3 – Let the banks work for you.

There’s an incredible app that allows you to get rid of your debt faster. Let’s immediately delve into one of the most impressive free money hacks. Mylo is a unique app that can help you achieve your objective, becoming debt-free quickly.

The app is called MYLO, and what it does is that every time you purchase something, it rounds it up. Instead of a burger costing you $4.50, it will cost you $5.00. The app immediately redirects that extra $0.50 towards paying off your loans or your savings account if you don’t have any more debts. Consequently, this app will work towards the expense side of the equation, and when merged with the two other tips, it can be a potent tool. Imagine this. You buy online on Amazon while you’re using Ebates with a debit card that’s linked to the MYLO. You’re saving money, accumulating money and paying your loan all in one transaction. Now, calculate how many online purchases you do daily, and soon you realize the power of compounding—all of this without having to change any of your habits.

OK, continue reading to know what the last tip is.


RELATED ARTICLE: Best personal loan lender: A Loan Connect review

And Finally – Ask for it.

You read that right. Not many people know about these free money hacks, but they’re worth a try. What you do is call your creditors and ask to negotiate the amount you owe because you’re in severe financial distress and might not be able to pay it entirely. It’s worth noting that if you mention that you might transfer your file to a debt reduction service, they usually tend to lend a more open ear.

If you have a student loan, you can call the company that owns your student loan and ask them to link your monthly repayments in proportion to your income. In other words, the primary objective of a financing company is to either extend your credit or to get paid back in full. As a result, they’re incredibly motivated to negotiate a settlement.


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To sum it up, we managed to find three solutions that lowered our expenses and one that increased our revenues. I understand that these solutions are beneficial if your finances are in distress howbeit if you’re in severe financial ordeal, I strongly urge you to see a debt reduction service like RateSupermarket. They will direct you towards the best alternative for you. Let’s summarize our four steps to becoming debt-free:

  1. Ask a financial institution for a debt consolidation loan, reduce your monthly payments by merging them into one single payment;
  2. Let the retailers work for you and accumulate up to 5% every time you use Ebates and shop on Amazon.
  3. Let the banks for you. Download Mylo and let the app round up all your purchases and use the additional fund to pay off any outstanding loans.
  4. Ask for a reduction in the outstanding amount. An effective strategy if you’re on the verge of dealing with a debt reduction service company.

There’s no better time than now to do something about it.

What other money-saving tips could I have included?

Please don’t forget to leave any comments or questions you might have below, and it will be my pleasure to continue the conversation.


Thank you



  1. These tips were amazing! I will definitely be using these on my finances so I can pay all my debt off! thank you for the advice

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