Some Ideas To Help You Make More Money

4 Oct
Ideas to help you save more money

Pressure on the piggy bank?

We’re all looking for ways to make more money. In this article I’ll show you ways you can increase your income. Not all of these will be relevant to you – just pick the ones that suit.

And in some cases, the best option is not to make more money, but to reduce what you spend!

Also, remember that it doesnt’ matter how much you earn – if you have poor money management skills, you’ll still wasted your money no matter how much you earn.

  • Do you have an extra room that isn’t being used that can be rented out, perhaps to a boarder or student?
  • Can you trade tasks with other people. For instance, do you have a skill that’s valuable to someone else. I know of people who do babysitting in exchange for receiving something else of value (a lawn being mowed).
  • Do you have skills that can be used to create extra income? Can you cook, or do gardening or odd jobs for your neighbours?
  • Can you get a part time job so you work at nights or on the weekends? A friend of mine parks cars (in addition to his day job).
  • Are you paid adequately for what you do? No matter what job you do, check to make sure that you’re being paid fairly for what you’re doing. Could you negotiate a pay rise from your current employer, or get a job somewhere else that will pay more>
  • Can you work overtime at your job to earn more money?
  • What about a garage sale? We’ve all got stuff laying around the house that we don’t use any more. Could you hold a garage sale and sell a lot of your junk to make some extra money?
  • Check all the bills and statements you receive. We recently found a discrepancy in our electricity bill that had resulted in us being charged around $300 more than we should have. Needless to say we got this fixed and reversed.
  • Are you eligible for any government allowances? Many people are unaware of what they’re entitled to. Remember, the rules change all the time so even if you weren’t eligible in the past, you may be able to claim something now.
  • Can you stop waste? I think we’re all guilty of having more than we need. Are there areas you can cut down on in order to reduce your spending?
  • Along the same lines, consider planning your meals a week in advance. Only buy the groceries that are necessary for the week and stop any impulse buys. And don’t shop on an empty stomach – that always ends up costing you more!

These are just a few ideas to help you get ahead and improve your financial position. Remember, when it comes to financial planning, the little things add up over time and become big things, so even if you start small, it’ll still be a help in the future.

You may not like some of these ideas, but in some cases they may be necessary. If you simply can’t reduce your expenses and find yourself spending more than you earn, the only other option available to you is to earn more. And if the only option there is to find a part time job, then you need to do it!

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