Did you know that a key step to financial wellness is knowing where your money is going and how much you bring in? Lots of people spend more than they actually make — which means $0 left over for savings after each paycheck.
Here are some tips to make more money so you can get yourself out of the paycheck-to-paycheck club. Trust us — you’ll be financially healthy in no time! Remember you can always turn to our Instacash advances for fast cash at 0% APR too.
Tip 1: Pick Up Hours at Your Job
Picking up some extra hours at your current job could lead to lots of overtime. In fact, just five hours of overtime a week could garner enough extra cash to help reduce your financial stress. That’s only one extra hour a day! C’mon, you can do it.
Tip 2: Ask for a Raise
Research your position online and figure out what the average salary is. Chances are, you’re making less than that. Use your findings to gauge how much money you should be making, then factor in what you do for your company and how the company benefits from your work. Compile this to form a valid request for a raise. Your company might have a hard time saying no, especially if it values you and your boss can see the work and research you’ve put in. What if your boss says no? It might be time to look for another job that pays you what you deserve.
Tip 3: Get Organized and Sell Stuff
Do a Marie Kondo-style deep clean around your home. Ask yourself what no longer makes you happy. Old electronics, clothing, appliances, artwork and more can be sold online — or you might want to have a yard sale.
Tip 4: Get a Second Job
Take on a second job to earn more money. Opt for a waitressing or bartending job. You might make so much in tips that you might only need to work one or two nights a week. A few apps might allow you to create your own schedule and work at your leisure, like Doordash, Uber, Lyft, Favor and TaskRabbit.
Tip 5: Get a Certification or Learn a New Trade
Learn new skills and trades without ever stepping foot into a classroom to boost your earning potential. Online courses like Udemy and Coursera allow you to choose from hundreds of skills and work at your own pace. You can also save money since the classes are far cheaper than college credits.
Tip 6: Get Creative
Are you crafty? If so, sell your handmade goods online using platforms such as Etsy or Artfire. Look into local your local flea or farmers’ markets and see if there’s an opportunity for you to sell your items there. You could also sell baked goods or any foods that you consider your specialty.
Tip 7: Baby-Sit or Nanny
There are so many online platforms that connect families to caretakers. Whether you’d like to work part time, full time or just baby-sit on occasion, there will be an opportunity for you. Look into sites like Care.com to see who needs a nanny in your neighborhood. You may also want to become a dog sitter or dog walker. You can choose when you’re available and work on your own time.
Tip 8: Teach or Coach
Find a skill in which you excel and learn how you can teach it to others. You can teach languages online, tutor or find proofreading jobs. Let’s say you’re great at a particular sport or activity — look into coaching part time.
Tip 9: Pick up Temp Work
Is your current job flexible? If so, look into part-time temp work. You send the temp agency your schedule for the week and the agency pairs you up with a job that fits your skills and background. A lot of these jobs are easy administrative positions that pay well, so don’t underestimate this idea if you can work it into your schedule. It’s also a great way to build up your resume if you plan on applying for a full-time job or have been out of the workforce for a while.
Tip 10: Become a Virtual Assistant
A virtual assistant is a great way to make extra income on the side without ever leaving your house. All of the work is done from your computer, which makes it really easy to work into your everyday schedule. Duties could include basic administrative work, graphic design, writing blog posts, etc. Websites like Upwork upload jobs every minute, including virtual assistant jobs and other remote work.
Make More and Spend Less
Use these tips for success so you can apply for jobs and hone your skills to make extra money. Find even more ways to make money here and on the LIFE section of our blog. Just remember, making more doesn’t mean spending more. The more you make, the more you should save so that you can prepare for a bright future ahead.