Category: Income

Income

Tips on Increasing your Income

It can be great when we have a bit of extra money to spend. There are all sorts of things that we think that we could have if we had some extra, perhaps a holiday, a trip somewhere, eating out, some new clothes, to pay off some debt or to put some into savings. However, in order to have this extra money we have to normally increase our income. It can sometimes seem that this is impossible or at least really difficult, but there may be things that you can try that you had not thought of before.

The first place to concentrate on is your current job. Asking for a pay rise or some overtime can really help to increase your income. This might feel difficult to do as you may not want to ask at work about it, but it is unlikely that you will get into trouble for asking. If you think there is no chance that you will get anywhere with this then it could be worth considering changing your job to one that pays better. Again this is not an easy option, but it is worth taking a look to see what opportunities are available as you may be surprised at the options out there.

You may also want to consider getting a second job. You may be able to find work in the evenings and weekends to top up your income. Weekend jobs may be difficult to come by as it is likely that young people will be used for these as they are cheaper to employ, but it may still be worth looking as some companies may prefer to pay more for experience.

Working from home can be a good option for some people. Although the income is less likely to be regular and likely to be lower, it can be more relaxing and possible to work at the same time as caring for family. There are lots of choices such as freelance work, running a business or doing online surveys. The pay differs greatly between them and it is good to think hard about which to try out. You can find all sorts of freelance work online and the great thing about it is that you so not have to take on large jobs and you can stop whenever you like. This means that if you only have a bit to save up, you will just be able to do a few jobs and then you can stop. You can also pick and choose jobs, just taking those that you really want to do or the ones that pay enough. Running a business is harder work as you will need to spend a lot of time setting it up and promoting it before you can expect to draw an income. However, it will all depend on what you choose to do and whether you choose a niche that has high demand and is very profitable for you. Things like online surveys do not pay as much but take a lot less time and commitment. There are many sites out there that you can join up to and you can just honestly answer questions and get paid. There are other easy ways to earn online as well such as free lotteries, being paid to watch adverts and to do searches.

If you have a hobby then it could be good to see whether you can think of a way to monetise it. You may be able to make things that you can sell or be able to teach people to do what you do. You could start up a social media page, blog or website to give help and share ideas with others and sell advertising on the page.

Selling things can be a good way to generate some income. If you have children you can sell their clothes, shoes and toys as they grow out of them and this could generate some extra money. You could either give it to them or spend it on things for them or put it in the housekeeping. There are many places you can sell things like this such as auction websites, social media groups and in local newspapers.