11 Super Simple Money Moves to Grow Your Wealth in 2021

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Want to grow your wealth right now? Here are 11 tools that will let you improve your finances today with little effort and help you build confidence.

The New Year is upon us. Although many people want to improve their finances in the New Year, they give up when things don’t happen at the pace they want or they don’t know where to start. Regardless of your financial standing, there’s always room for improvement. Whether you need to pay off debt, make more money, or something else, there are plenty of ways to grow your wealth today.

Ways to Grow Your Wealth Today


Do you want to improve your finances this year? It may feel impossible, but even small steps have a major impact on reaching your goals.

Below is a list of 11 different money moves, in no particular order, you can make in 2021 to grow your wealth.

Not every option will apply to you, so find one or two that will and attack it.

1. Refinance Your High-Interest Debt


I hate debt. It enslaves you to others and keeps you from reaching goals. I also hate the high-interest rate many banks charge on debt.

The first thing I did when paying off debt was reduce the interest rate on my credit cards so more of my payment would apply towards the debt.

The best way to do this is by consolidating your debt with a personal loan. This has several benefits, including:

  • Lowering your interest rate
  • Reducing your payments to one monthly payment
  • Being less likely to forget making payments
  • Paying off debt quicker

Fiona is a terrific option to refinance your high-interest debt. Fiona by Even Financial lets you compare 17 lenders in under two minutes. After completing a brief application, they provide you with quotes for the best matching lenders.

If you have student loans, Credible is a excellent choice. They have rates as low as 2.25 percent, with auto pay and save the average person almost $19,000.

Credible allows you to compare up to ten lenders at once and provides options within two minutes.

Paying off debt seems impossible. It’s not, but you do have to start and it’s often the best way to grow your wealth when first starting.

You can read our Credible review to learn more about how the platform works.

Read our guide on how to pay off debt faster this year to learn how to begin.

2. Start Investing


I remember when I first started investing in the stock market. I was scared and knew nothing about investing. After reading a few books, though, I had the confidence to start.

If you feel the same way, you can start investing with little money and do quite well.

For example, Betterment lets you open an account with no minimum balance requirement, and they manage your investments for you. They offer this service at a ridiculously low cost and it’s an excellent option for new investors to begin to grow their wealth.

Do you have a 401(k)? When was the last time you analyzed it to make sure you’re in low-fee options and the best funds possible?

Blooom will give you a free analysis of the investments in your plan to lower fees so more of your money will work for you. Blooom does charge $10 per month but offers a 30-day free trial to help get your 401(k) plan in shape.

Want to stay away from stocks? Investing in real estate with little money is a suitable alternative to grow your wealth and diversify.

Fundrise is a good option to invest in real estate, and you can start with as little as $500.

3. Make Extra Money


I love making extra money, but a common excuse people make is that they don’t have the skills needed to make extra money. Don’t believe that myth!

If you can drive a car or motorcycle, you can make extra money delivering meals for DoorDash or Postmates and make good money – often up to $20 per hour.

Delivery jobs like DoorDash are a good option if you need to make money but also value flexibility. You get to create your own schedule, earn tips, and receive weekly payments.

Check out our review on how to make money driving your car to learn what each company requires and how to maximize your earnings.

4. Open A Savings Account


Opening a savings account seems boring but it’s the best tool to keep your finances on track. When I started paying off over $50,000 in debt, opening a savings account was the first thing I was told to do, and I’m glad I did.

*Related: Do you want to save a lot of money this year? Read our guide on ways to save $10,000 in a year to beef up your savings account.*

It allowed me to handle emergencies because they do happen, and it also helped me sleep at night.

Savings accounts don’t offer the best return on your investment, but it’s the act of saving that matters. Paying yourself first is one of the best ways to grow your wealth as it helps build financial stability.

CIT Bank is our favorite choice for saving money. Their Savings Builder account pays .40 percent when you open an account with at least $100 and deposit $100 per month.

5. Use A Robot to Save Money


No, not a real robot, but a robotic assistant that saves you money. Trim is a free-to-use app that cancels all your unused subscriptions and negotiates lower prices on monthly bills.

You download the app, connect accounts and bills, and their robot assistant emails you with ways to save you money.

If you don’t use the service, Trim cancels it for you. If you want to keep a particular service, they work to negotiate to lower the bill.

The average person saves over $30 per bill with Trim, which can add up to big savings.

Read our Trim review to learn more about how the app can save you money this year.

If Trim doesn’t work for you, Truebill is a suitable alternative that even monitors your electricity for outages and requests a refund.

You can learn more about these services, and their alternatives, in our review of the best bill negotiation services.

6. Track Your Spending


Tracking your spending is one of the best money moves you can make to improve your finances. After I opened a savings account when paying off debt, the next thing I did was track my spending.

It doesn’t matter what you spend; you want to keep track of it so you know where each dollar goes. Knowledge is power. especially when it comes to your finances.

We use Personal Capital since it helps us stay on top of our finances and track our net worth. It’s also free to use.

You can read our Personal Capital review to learn more about this robust service that does more than just track your spending.

Tiller is another favorite tool of ours to track spending. Free to use for the first 30 days, Tiller puts your bank transactions into Google Sheets on a daily basis.

You can also customize it for your particular budget needs.

7. Buy Cheap Life Insurance


Life insurance is vital to a well-rounded financial plan. Many don’t have life insurance because they think it’s too expensive or it’s something to deal with later.

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Thankfully it might not be as expensive as you’d think. Typically, the sooner you act, the cheaper it is. After all, the last thing you want is to have an untimely death and not provide for your family. You might be able to protect them for very little each month.

PolicyGenius lets you compare providers to find the cheapest option. They also let you compare car insurance, renters insurance and more to find savings opportunities.

Bestow is another good choice, allowing you to find rates as low as $3 per month.

Read our review of the 19 best term life insurance companies to consider when you shop for coverage.

8. Check Your Credit


Knowing what’s on your credit report is an important part of good financial health. I’m a Jr., and I’ve had several of my father’s accounts listed on my credit report, so I need to check on a regular basis.

I use a service called CreditSesame which provides, quickly and at no charge, your credit score along with other important credit details. It’s good practice to check your credit report several times a year, to make sure there are no errors.

Many service providers have access to your credit, so it’s important to make sure everything is correct as you work to grow your wealth.

You don’t want something wrong to be reported and impact the price you pay for a service or item.

9. Make Money Watching TV


Want to make extra money but don’t want to sacrifice your free time? You can earn extra money watching TV by taking surveys. Taking paid surveys is an easy way to earn a little extra money to boost your savings.

Below are the best paid survey sites to make money in your free time:

Survey Junkie: This is our favorite survey company since they pay you cash straight to PayPal or let you redeem rewards for Amazon gift cards.

Read our Survey Junkie review to learn more about the platform.

Pinecone Research: This survey site pays $3 per survey and you can choose between Amazon Gift Cards or virtual Mastercards for your payment. However, if you’ve joined Pinecone in the last 30 days, your first redemption must be by bank transfer to verify your rewards account. They also pay to do product testing.

Read our Pinecone Research review to learn more about the platform.

You won’t get rich taking surveys, but they’re a terrific way to make money when doing something passive like watching TV.

10. Sell Your Old Electronics


I hate clutter around the house, and one of the main culprits of that clutter is old electronics we no longer use.

To solve the problem, we use BuyBackWorld – a service that buys back old electronic devices like smartphones and tablets and gives you cash for the items.

Check out our guide on the best places to sell old electronics for cash for options other than BuyBackWorld. Each company has its own specialty, so you may benefit from comparing companies.

We put the extra money into our vacation fund. You can use it to put in savings, pay off debt, or any other area you choose since every little bit extra helps.

11. Get Cash Back for Your Shopping


How would you like to get paid for shopping? One of my favorite apps to earn cash on my shopping is Ibotta.

Ibotta works at the grocery store, letting you take advantage of rebates on purchases you make. Ibotta also works at 350+ retailers, including Amazon, Target, and Walmart.

You receive a free $20 when you sign up to help you start saving, and you can redeem funds once you reach a $20 balance.

Read our Ibotta review to learn more about how the service works.


It is Possible to Improve Your Finances This Year


Many believe you need to be an expert, or have a lot of money, to grow your wealth. You don’t. Most of the above money moves can be done simply and with little to no money.

Improving your finances often seems overwhelming. If you feel that way, find one area you want to improve in and focus on it.

This makes it more manageable and allows you to build confidence to work on other areas as time and resources allow.

The best part of each of the above is you can start them all today. Pick one and attack it, then move on to the next area. By the end of 2021, you’ll be surprised at how much progress you’ve made in growing your wealth.


What are some other tools you’ve used to improve your finances? What’s the top way to grow your wealth, in your opinion? What’s one area you want to improve on financially this year?

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John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.

Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.

Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.