The Only 4 Survey Sites That Are Actually Worth Your Time

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I have the entrepreneurial gene. I’m always working on something new that will move our family forward. And I’m always thinking of ways to make the most money for the least effort.

But not everyone wants to start their own business or write for hours a day. That doesn’t mean you can’t make some extra money.

Time is the #1 excuse I hear for why people can’t make more money to pay off their debt faster.

I know you have a lunch break. I know you wait for the water to boil for those rice and beans. I know you poop.

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Are you tired of spending hours taking surveys without a big return? Here are 4 survey sites that are worth your time. #makemoneyonline #surveysite #howtomakemoneyonline #freestuffhacks #howtogetfreestuff

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You may not have time in your day to start a side hustle but you have time in your day to do some surveys. I’ll be blunt, surveys are the least effective way to make money. I wrote about it a while ago. But they are better than nothing.

You’ll be really disappointed if you want to make an extra $500 debt payment with your survey winnings. But if you view it from the right angle you’ll be pretty pleased with your work doing surveys.

You can get gift cards to the grocery store or for a restaurant. You can save up for gas money for this summer’s road trip or for Christmas gifts.

Doing surveys works much better if you have a goal you’re trying to reach vs. just doing them willy-nilly.

There are hundreds of survey sites out there and you could sign up for all of them and never hit the minimum to cash out. That’s why I recommend only four! Four survey sites on rotation allow you to always have a survey available but not too many that you spread yourself thin.

And which of the four do I recommend? I’m glad you asked. These are the four I trust. I’ve tried them out, read reviews, asked around and they’re legit. They actually make payments. I know this because these links in here are my referral links, I get a couple bucks when people I refer cash out.

And I get notifications about my referrals cashing out so I know they’re making money.

So here are the only four survey sites I recommend because they aren’t full of surveys you don’t qualify for and they’ll provide you enough surveys to actually be able to cash out.

1. Swagbucks

Swagbucks is my top dog, my favorite as far as survey sites go because they’re more than a survey site. You can get points for watching videos, answering one-question polls, playing games, and shopping online.

Each point is equivalent to a penny and can be used to buy gift cards to basically anywhere including Amazon, Paypal, and plain ol’ Mastercard Rewards.

Sometimes the cards will go on sale for 2-12% off.

You can leave Swagbucks videos playing on your tablet while you work (just check in every few minutes to play the next) and get points back when you buy stuff online. I still prefer Ebates cash back to do this but if you’re close to cashing out and you need a boost, they have around the same conversion.

Pro tips for excelling at Swagbucks:

  • Subscribe to the Swagbucks Reddit page for all the insider deals
  • Follow SwagCodeSpoilers on Twitter to get SwagCodes sent to your phone
  • Link your card so transactions at certain local retailers will get you swagbucks
  • Participate in “SwagUps” before they expire

Definitely, sign up for Swagbucks before you try any other survey site. This one can keep you busy but if you do run out of things to do (or get bored) it’s nice to have other options.

2. MySurvey

One of the oldest survey sites on the web is MySurvey. It’s also one of the easiest to qualify for so I’m confident you can do enough surveys here to keep you busy.

One of the perks of MySurvey is that in addition to gift cards, you can be paid out in direct cash or PayPal transfers. The minimum to cash out is only $10 (1000 points) and the average survey pays out $.50 cents to $1.25 when converted from points.

You can get about 30-50 points for a 10-minute survey and 150-300 point for surveys over 30 minutes. You can also get products to test from MySurvey with high rewards. I’m not sure how competitive they are.

Some users have complained that MySurvey “caps” them at $10 per month, which isn’t confirmed but hey, it’s why there are four sites on here and not two.

The more you log in to MySurvey the more surveys you’ll receive, checking in once a week will keep you on the list for the best surveys. And best of all you’ll never receive any spam email from them. That’s why MySurvey is my second pick for best survey sites.

3. i-Say

i-Say has a lot of incentive for you to do more surveys with them. Their loyalty program gives you bonuses after completing 5, 10, and so-on surveys. Complete 200 surveys in one calendar year and you’ll get 600 bonus points.

100 points on i-Say are equivalent to $1 and can be redeemed in the form of gift cards or donations to your favorite charity. You can redeem as few as 500 points which can go really quick with

It can be a little difficult to qualify for surveys in i-Say. Some get a few per week and some only 2 per month. Surveyors recommend only doing surveys you know the est. time and points on. 45 points for 10 minutes and 90 points for 20 minutes are good to attempt.

It’s definitely worth signing up for i-Say as a backup.

4. PaidViewpoint

Surveys on PaidViewpoint take only 2-3 minutes and pay out .10 to $2. There’s a $15 minimum to cash out which could take you a while to accumulate but it’s all cash. And there’s no taking half a survey to find out you don’t qualify, when you’re in you’re in.

To get to $15 faster they have a referral program and for every time your friend cashes out you get 20% of their earnings for life.

I don’t recommend making PaidViewpoint a priority but if you’re out of surveys in the first three or only have a few minutes it’s a good fall back. And once you hit the first $15 I’d bail and focus more on Swagbucks.

Honorable Mention: Pinecone Research

I’m awarding an honorable mention to Pinecone Research because they are a legit research company that pays well, $3 per survey and no cash out minimum.

But it’s hard to get approved for their site. I include it so you can apply and if you get in I highly recommend participating. If not, then you’ll have enough to do with the first four sites.

To sum it up:

I definitely think Swagbucks can keep you busy enough but if you’re looking for more start with MySurvey, then iSay, then PaidViewpoint. Try applying to Pinecone Research and definitely stick with them if you get accepted.

Happy surveying my friends!

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survey sites

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survey sites

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If you want Christmas cash, you’re in luck. You can make cash for Christmas from home taking legit surveys and get paid fast. #makemoneyforchristmas #makemoneyonline #makeextramoney #sidehustles #makemoneytakingsurveys #howtomakemoneytakingsurveys

” data-medium-file=”https://i1.wp.com/www.modernfrugality.com/wp-content/uploads/2018/01/MF-Make-Extra-Money-for-Christmas-with-Legit-Survey-Sites-The-Only-Ones-Worth-Your-Time.jpg?fit=200%2C300&ssl=1″ data-large-file=”https://i1.wp.com/www.modernfrugality.com/wp-content/uploads/2018/01/MF-Make-Extra-Money-for-Christmas-with-Legit-Survey-Sites-The-Only-Ones-Worth-Your-Time.jpg?fit=400%2C600&ssl=1″ loading=”lazy” width=”400″ height=”600″ data-pin-title=”Need extra cash for Christmas?” data-pin-description=”If you want Christmas cash, you’re in luck. You can make cash for Christmas from home taking legit surveys and get paid fast. #makemoneyforchristmas #makemoneyonline #makeextramoney #sidehustles #makemoneytakingsurveys #howtomakemoneytakingsurveys” src=”http://www.hanovermortgages.com/wp-content/uploads/2021/03/the-only-4-survey-sites-that-are-actually-worth-your-time-3.jpg” alt class=”wp-image-4786″ srcset=”http://www.hanovermortgages.com/wp-content/uploads/2021/03/the-only-4-survey-sites-that-are-actually-worth-your-time-3.jpg 400w, https://i1.wp.com/www.modernfrugality.com/wp-content/uploads/2018/01/MF-Make-Extra-Money-for-Christmas-with-Legit-Survey-Sites-The-Only-Ones-Worth-Your-Time.jpg?resize=200%2C300&ssl=1 200w, https://i1.wp.com/www.modernfrugality.com/wp-content/uploads/2018/01/MF-Make-Extra-Money-for-Christmas-with-Legit-Survey-Sites-The-Only-Ones-Worth-Your-Time.jpg?w=735&ssl=1 735w” sizes=”(max-width: 400px) 100vw, 400px” data-recalc-dims=”1″>

Jen Smith is a personal finance expert, founder of Modern Frugality and co-host of the Frugal Friends Podcast. Her work has been featured in the Wall Street Journal, Lifehacker, Money Magazine, U.S. News and World Report, Business Insider, and more. She’s passionate about helping people gain control of their spending.

Source: modernfrugality.com

How Your Debt-to-Income Ratio Affects Your Credit Score

  • Raise Credit Score

A debt to income ratio (DTI) is a basic calculation that lenders use to determine whether or not a borrower is capable of meeting their monthly debt payments. It’s a great way to evaluate someone’s financial health and can benefit the borrower as much as the lender.

We have already covered this topic extensively in our Debt-to-Income Ratio Calculator page, but in this guide, we’ll see how this calculation directly affects your credit score and how it is used by mortgage lenders, loan companies, and credit card providers.

What Data do You Need to Calculate Your Debt to Income Ratio?

Your debt-to-income ratio compares your monthly income to your monthly debt and is used to determine whether or not you can afford current and future payments. Along with your credit utilization score, it’s a great indicator of financial health.

To calculate this score, simply add-up your gross income and then compare this to your monthly debt payments. The percentage you arrive at is your debt to income ratio. 

If, for example, your monthly debt payments include $500 on credit card debt; $250 on loans; $1,000 on a mortgage, and $250 on other recurring monthly debt, then your total monthly debt is $2,000. If your monthly income spans $5,000 on wages and $1,000 on investments, then your gross income is $6,000.

Once you have those figures, then simply divide your monthly debt by your total monthly income and represent this as a percentage. In this case, that gives us 33%, as $2,000 (monthly debt) is 33% of $6,000 (monthly income).

How Your Debt-to-Income Ratio Affects Your Credit Score

While there are some similarities between your debt-to-income ratio and credit utilization score, there is one major difference: Your debt-to-income ratio won’t directly affect your credit score while your credit utilization score will. 

It’s more of an affordability thing. Your DTI’s purpose is to tell mortgage lenders whether you can meet monthly payments or whether your other debt obligations will get in the way. Because, as discussed in our guide, Minimum Credit Score for Buying a House, foreclosure is incredibly costly for the bank and they will do everything they can to avoid it.

Your debt-to-income ratio will also be considered by credit card companies and other lenders, but its main purpose is to determine whether your monthly debt payments will get in the way of your mortgage payments.

Why is it Important?

If your DTI doesn’t impact your credit score like credit utilization, what purpose does it serve?

Well, for one thing, it tells lenders how likely certain financial obligations are to get in the way of your monthly debt payment or mortgage payment. This is something that your credit utilization doesn’t consider as it looks only at your total debt and available credit and doesn’t factor your monthly income into the equation.

Your DTI, therefore, helps lenders to see the whole picture. It can also be used by the borrower to assess their financial situation.

Strategies for Improving Your Debt-to-Income Ratio

If your DTI creeps above 43% you will be refused a Qualified Mortgage and may struggle to get any sizeable loan with a low-interest rate. This is true even if you have a respectable credit score. However, fixing your DTI will greatly improve your financial situation and make it considerably easier to acquire a mortgage and loan in the future.

Here are a few ways you can improve this ratio:

Understand Your Debt

Your first step to improving your debt-to-income ratio is to better understand your financial situation. Calculate your score and then analyze all your debts, income, and additional expenditures, understanding how big your monthly payments are and how deep in the red you are.

You may be surprised to learn that you’re spending a lot of money on frivolous items, that you’re paying excessive amounts of interest or penalties, and that you’re not earning as much as you thought you were. All this information can help you to comprehend your financial situation and prepare you for a mortgage.

Target the Highest Bill-to-Balance Debts

Compare all monthly debt payments against the size of their respective balances and write down a percentage for each. If, for example, Debt 1 costs you $100 a month on a $1,000 balance while Debt 2 costs $50 on the same balance, then Debt 1 is 10% and Debt 2 is 5%.

Your next step is to focus all your expendable income on the debt with the highest percentage. Once you get that out of the way then your situation should improve significantly.

Make More Money

It’s always easier said than done but earning more money will improve your income ratio considerably. You can negotiate a pay increase with your employer or take on additional part-time freelance work. Your debt-to-income ratio will drop for every additional dollar that you earn, so if they refuse a significant increase then push for a smaller one.

We’re living in a gig economy and it has never been easier for skilled workers with a little time and talent to make some money on the side. You can write, draw or perform administration work, earning anywhere from $10 to $100 an hour depending on your level of skill and experience. Don’t worry if you don’t have much of either to speak off—there are multiple jobs available for anyone willing to put the hours in.

Renegotiate your Debt

Lenders are always happy to renegotiate debts. You can improve credit limits, reduce interest rates, decrease monthly debt payments, and more. It doesn’t hurt to ask and if they believe that it’ll reduce the odds of a default, they’ll be happy to accept.

Your main goal is to lower monthly payments but remember that this could be done at the expense of a longer long-term and an increased balance. Don’t get tempted by the first offer they wave in front of you and always run the necessary calculations before accepting.

Use a Balance Transfer Credit Card

A balance transfer credit card allows you to move all credit card debt onto a card with a 0% introductory interest rate. You may get an increased credit limit and some additional perks as well, but you need to focus on clearing your debts during this introductory period as the APR may be higher than usual when it ends.

If you pay less interest, your monthly outgoings drop significantly and your DTI will improve as a result.

Re-Think Your Investments

Your monthly income includes all money you earn from investments so it’s good to have these. However, you may be better off cashing those investments in and using the money to clear some of your debts. Unless you have your money invested in a burgeoning tech firm generating massive turnover, your debts will always cost you more than your investments will save.

As an example, let’s imagine that you’re getting a guaranteed return of 5% a year on investments of $5,000. That’s $250 a year and after 5 years it will hit just under $6,400 with compound interest for a total gain of $1,400. If you run the same calculation on a credit card debt of $5,000 with a low APR of 16% and a payoff period of 5 years, it’ll cost you over $2,200 in interest before fees and penalties.

The monthly income from this investment will also be significantly lower than the monthly interest payment, so not only will you save $800 during the lifetime of the debt, but you’ll reduce your DTI as well.

By the same token, you should also reconsider your savings.

Cash Your Savings

Unless you’re getting a very high rate, there’s a good chance that your debt is costing you more than your savings are earning. If these savings are tucked away for a child’s education, then keep them there, but if the goal is to pay for a holiday or another major and unnecessary expense, consider cashing them in and using the money to clear your debts.

If you’re not convinced, run some calculations, looking at how much those savings are earning you compared to how much your debts are costing you. The picture this paints should be pretty clear.

Summary: The Importance of Your DTI

As discussed already, your debt-to-income ratio not only helps mortgage lenders determine your level of risk, it can also help you understand your financial situation. It’s a number that all borrowers should learn, alongside their credit score and their credit utilization score, and one that can play an integral role in helping you to rebuild your finances and prepare for a mortgage, a consolidation loan, or even just a simpler and less stressful future.

Source: pocketyourdollars.com