In general, the average price of VPS hosting is around $10/month, but I’ve seen several providers offering way cheaper plans, even as low as less than $1/month. However, cheap doesn’t always translate to great value.

What’s the catch?

Remember that to keep the price low, VPS hosting providers will likely have some trade-offs. For example, the cheapest plan usually has minimum hardware allocations that are only enough for basic purposes.

It’s also important to check if the low-cost hosting plans you find come from a reliable company. Check the track record to ensure the service-level agreement is up to standard.

Be wary of hidden costs or other extra fees, as they might be applied when you finalize your purchase. Before checking out, carefully check the total cost and the renewal costs since those can typically become much higher.

How to pick the best cheap VPS provider

Despite the trade-offs, it doesn’t mean that all affordable VPS hosting providers are not good. To help you choose the best one for your needs, consider the following tips:

• Check the hardware – make sure your provider offers high uptime (look for at least 99.9%) and ample hardware for your needs.
• Inspect the built-in features – pick a provider that offers many added extras without additional fees, in order to maximize value.
• Prioritize price transparency – check the total price to see if there are hidden fees.
• Examine user reviews – go over VPS providers’ reviews on various websites to ensure they are reputable, trustworthy, and reliable.

What is the best option?

The best VPS hosting provider depends on your needs and budget. A good starting point is around $5-$10/month.

There are plenty of options around this price point, but some are worth considering more than others, like Hostinger. At $4.99/month, you get a server with ample hardware for a wide-range of use cases and a 99.9% uptime guarantee.

You will also get various added built-in features included at no extra cost, like a one-click installer, automatic weekly backup, and a malware scanner.

If you are really tight on budget and looking for low-price options, some of the cheapest ones are:

• OVHcloud – starts at $0.97/month for the limited plan. The cheapest unlimited plan is $4.67/month.
• Webdock – starts at €0.95/month for the special plan. The normal plan costs at least €2.15/month.
• IONOS – starts at $2/month.

Where do I start?

I’m a huge financial nerd, and have spent an embarrassing amount of time talking to people about their money habits.

Here are the biggest mistakes people are making and how to fix them:

Not having a separate high interest savings account

Having a separate account allows you to see the results of all your hard work and keep your money separate so you're less tempted to spend it.

Plus with rates above 5.00%, the interest you can earn compared to most banks really adds up.

Here is a list of the top savings accounts available today. Deposit $5 before moving on because this is one of the biggest mistakes and easiest ones to fix.

Overpaying on car insurance

You’ve heard it a million times before, but the average American family still overspends by $417/year on car insurance.

If you’ve been with the same insurer for years, chances are you are one of them.

Pull up Coverage.com, a free site that will compare prices for you, answer the questions on the page, and it will show you how much you could be saving.

That’s it. You’ll likely be saving a bunch of money. Here’s a link to give it a try.

Consistently being in debt

If you’ve got $10K+ in debt (credit cards…medical bills…anything really) you could use a debt relief program and potentially reduce by over 20%.

Here’s how to see if you qualify:

Head over to this Debt Relief comparison website here, then simply answer the questions to see if you qualify.

It’s as simple as that. You’ll likely end up paying less than you owed before and you could be debt free in as little as 2 years.

Missing out on free money to invest

It’s no secret that millionaires love investing, but for the rest of us, it can seem out of reach.

Times have changed. There are a number of investing platforms that will give you a bonus to open an account and get started. All you have to do is open the account and invest at least $25, and you could get up to $1000 in bonus.

Pretty sweet deal right? Here is a link to some of the best options.

Having bad credit

A low credit score can come back to bite you in so many ways in the future.

From that next rental application to getting approved for any type of loan or credit card, if you have a bad history with credit, the good news is you can fix it.

Head over to BankRate.com and answer a few questions to see if you qualify. It only takes a few minutes and could save you from a major upset down the line.

How to get started

Hope this helps! Here are the links to get started:

Have a separate savings account
Stop overpaying for car insurance
Finally get out of debt
Start investing with a free bonus
Fix your credit