As much as I tried to stay on top of my finances, my bills fall on the worst possible day - riiight before payday.
They can't be moved, and it used to make me feel like I'm just scraping by when it's really just an annoying schedule.
It seemed like my coworkers never ran into these issues, even though I know for a fact one of them has the same rent day as me, so one day I just asked him if he had a side hustle or something.
I was really surprised by his answer; he used an app called Earnin.
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I wondered if he was getting scammed, but he said it's not a loan - Earnin allows you to access up to $500 per pay period before payday.* He actually told me he thought I was using it, since we have the same philosophy that if you work, you should get access to your earnings asap. I am always complaining about it.
But there had to be a catch. I downloaded the app, where I was prompted to plug in my bank details and my work details. To sign up, you do need to have a steady income, so it doesn't work for freelancers.
I kept waiting to see if there were hidden fees*, but there really didn't seem to be. It's not a loan you have to pay back, and there are no interest fees. My employer wouldn't be notified.
When it came time to get my pay earlier from Earnin, I did have a moment where I thought I caught the app in a lie - but I was wrong. Every time you get paid, you have the option to tip the service, but it's never required (they have a pay-what-you-think-is-fair business model, which I also agree with).
Soon, I saw my $500 from my bimonthly check drop into my bank account a whole 2 days earlier. I wouldn't have to sit in the break room on Friday refreshing my account so I could pay my bills anymore.
There are other cool features like tipping yourself** to save up or cashing out faster*** if you need it; next time I run into an emergency, Earninis the first place I'll go for cash.
I'm a part of the Earnin community now, and I have the freedom to get paid what I've earned when I've earned it. You do too.
*Restrictions and/or third party fees may apply, see Earnin for details
**Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Your Tip Yourself Account and any Tip Jars are not Savings Accounts. For more information/details visit Earnin
***Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see Earnin for details.