Back-to-school season is approaching, students and teachers are eagerly looking forward to the upcoming academic year. Parents, on the other hand, may be excited about their kids being fully engaged and occupied all day. But either way, it’s no secret with this excitement comes a list of expenses that can leave your wallet feeling empty. Let’s explore some effective ways to crush costs with our ultimate back-to-school tips.
1. Fast Cash When You Need It
Believe it or not, school supplies are becoming more expensive with each passing year. While this can put a major strain on your wallet, there are some things you can do when you find yourself in a pinch. One is using MoneyLion’s InstacashSM, where you can get a quick cash advance of up to $500 with no interest, hidden fees, or credit check. So when you see a pack of Pokemon themed erasers that cost over $40, you can access the funds you need—right at your fingertips.
2. Earn While You Shop
As you shop for supplies and other back-to-school needs, there’s an opportunity to earn extra rewards with MoneyLion Shake N’ Bank Rewards1. For every qualifying purchase of $10 or more made with your RoarMoney virtual card or MoneyLion Debit Mastercard®, you can earn up to $500. It’s a simple way to earn while shopping for those academic essentials. #LearnThat
3. Secure Your Educational Future
Have you looked up how much college costs? A college education will end up running you an average of $36,4362.
Opening a high-yield savings account is a great back-to-school tip for those preparing for big educational expenses ahead of time. With competitive interest rates, you can watch your savings grow up to 12 times faster3 than a traditional account—easing the stress of saving for your college future.
MoneyLion offers a convenient marketplace to compare high-yield savings accounts from our trusted partners that could help grow your money.
4. Lighten your Repayment Load
If you’re like many, you probably have a cloud of student debt above your head. Consider student loan refinancing as a way to reduce your monthly payments and save on interest. MoneyLion’s partners offer student loan refinancing options which allow you to combine existing loans into one. This can potentially secure you a lower interest rate and extend the repayment period—providing you financial relief and free up resources to cope with current schooling costs.
5. Learn, Earn, and Hack
If you’re looking for more back-to-school tips and tricks to make your money go further—you can download the MoneyLion app. There you’ll find more financial solutions and money hacks that’ll help you save and make money, like our side-hustle playlist. This is perfect for teachers and college students who are looking for an extra income, not to mention amazing deals and giveaways. Like getting a chance to earn up to $500 to help with school expenses.
Back-to-school costs can feel overwhelming, but with MoneyLion’s help you can confidently stay equipped to handle that while securing a bright educational future for yourself and your loved ones.
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MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, Pathward®, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account. This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, MoneyLion does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information. For more information about MoneyLion, please visit https://www.moneylion.com/terms-and-conditions/. MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party's failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website. The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Instacash is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements. 1Shake 'N' Bank and other Rewards are subject to terms and conditions, see here. Rewards are an optional service offered by MoneyLion. 2https://educationdata.org/average-cost-of-college#:~:text=Average%20Cost%20of%20College%20%26%20Tuition&text=Report%20Highlights.,over%20the%20past%2010%20years 3https://www.investopedia.com/articles/pf/09/high-yield-savings-account.asp