So debt sucks. You know it, I know it. And as much as I would love to throw tons of money at my debt each month to get it paid off fast, it’s not always possible. However, as long as I hit my $200 Magic Number I can feel like I’m making progress.
A lot of small amounts can add up pretty quickly. The thing is, small amounts are usually from surveys and frankly, I don’t like to take the effort to pull out my laptop when I’m chilling out on the couch.
However, I almost always have my phone nearby and look at it during commercial breaks. Which is why I love these apps. They are easy to use, some just require you to set it up and then let it do its thing. The others can just take a few minutes whenever you feel like it.
After a while all the little amounts, add up to a big amount which can have a big impact on your debt. These apps fall into two categories. The first will help you pay off debt directly. The second group will help you to earn or find extra money easily to pay off your debt.
Everyone knows that making extra payments each month helps you to pay off your debt faster, but sometimes it can be tough to actually follow through. Qoins does the heavy lifting for you when it comes to making extra debt payments.
When you sign up for Qoins, you connect your bank account and then spend as you normally would. Qoins will round up your purchases to the nearest dollar and put that change towards an extra debt payment.
Basically, Qoins will help you pay down debt faster by applying an extra payment for you by using your spare change. There is a $1.99 charge each month. However, they take it out of the spare change they set aside for you so you never see a charge in your bank account. If there isn’t at least $10 in your Qoins account they will roll that amount into the next month free of charge.
Learn more on How Qoins Can Help You Pay Off Debt Faster
Givling is a bit different in terms of paying off debt. It has you play a quick round of trivia for the chance to have your student loans paid off and/or earn daily cash prizes. The way Givling works is that it is funded by those that want to play more (you get free play but playing more will cost you $0.50 per play) and by those that interact with advertisers (another way to earn free play).
What I love about Givling, besides how addicting it is, is that it is specifically designed to help people pay off student loan debt. When you sign up you are given your place in the queue. By playing you can earn points that help you move up in the queue. So while you are playing and having fun you are not only improving your chances to have your student loans funded, but also helping others to pay off their student loans.
To get started with Givling head to their website and use my invite code: ES512399 you can then take advantage of your first free play and start working your way up that queue.
Invite code: ES512399
If you want to build up some money to make a big payment towards your debt, you can use Chime to save and set aside that money for you. Chime works by starting a spending account (takes 5 minutes) and opting into the automatic savings plan. (Learn More About Getting Started with Chime)
Every time you use the Chime Debit Card it rounds up your purchase to the nearest dollar and puts in in savings. Right now they also offer a double roundup bonus on those savings for your first two months. All those small amounts add up over time. Chime is free to use, with no monthly fees. With Chime, you end up saving money without having to think about it.
In just a couple weeks of using Chime for my “fun money” account, I’ve saved nearly $10. It may not seem like much, but making an extra $20 payment each month adds up to $240 a year, without thinking about it.
Gigwalk is a free app that shows you gigs that are available in your area and how much each gig is worth. Once you complete the gig you get paid. It’s typically something quick and will earn you a couple of dollars. The more gigs you complete the better chance you’ll have of seeing higher paying gigs.
While Gigwalk may not be something you do all the time, if you show up somewhere early (like I do) and have some time to kill, it’s worth checking to see if you can squeeze in a nearby gig. A quick look at the gigs near me shows the lowest paying one at $3 and the highest at $6. The more you earn, the more you can put towards your debt.
5. Surveys on the Go
For when you are killing time in line or during a commercial break (because you know you have your phone on you). This app is exactly what it sounds like, it’s a survey site. You complete surveys and they pay you. Easy peasy. No having to open your email or pull out your laptop, just take two seconds to check the app on your phone for any new surveys available to you.
When you first download the app you will have two survey options available to you, both are for them to learn more about you. Yup, you’ll get paid just to tell them about yourself. They can then use the information you provided to see what surveys would work best for you. Unlike a lot of other survey sites, Surveys on the Go pays you in cold hard cash (via PayPal), not points, or gift cards. You’ll be able to cash out once you hit $10.
If you want to go the extra mile you could set up a PayPal account just for your survey and Gigwalk money to have it all go towards your debt.
Wrapping it Up with a Bow on Top
These apps are just the tip of the iceberg. With technology evolving every day there are always new apps and tools being released to help you with your debt. Whether it is directed towards paying off debt, finding money to save and throw at debt, or just apps to help you earn more money, you are sure to find one that will help you pay off your debt faster.
What other apps are you using to help pay off debt faster?