Sometimes the financial squeeze we’re feeling living paycheck to paycheck would go away if we could just bring in an extra $400 a month.
Or perhaps you want to pay off debt or save for a vacation, but there’s no spare money after all the bills are paid.
Here are some simple solutions to increase your income.
Write down a list of what you’re good at, and brainstorm creative ways to make a side income from them. You can make a side income from almost anything you’re talented at, even if it doesn’t correlate with your full time job.
For example, you may be an office worker during the day, but if you know how to play the piano, you could offer beginner lessons during the weekend.
You can also take your expertise from your career and turn it into a side business. Hair stylists can host an hour class on easy hairstyles individuals can do, or create YouTube hair tutorials. Teachers can write lesson plans to sell, or offer in-home help for families that home school. The possibilities are endless; you just have to be creative.
Adjust Your Taxes
You can simply adjust your tax withholdings so that you get to keep more of your money each paycheck. This is your hard-earned money, don’t let the government use it for free.Who doesn't need more #money? These 3 ideas for earning more will help you increase your #income! Click To Tweet
Keep Applying to Jobs
Even if you’re satisfied in your current position, it’s wise to be on the lookout for new openings. Apply to these positions, and if you get a job offer for more than you’re making, you can either take the job, or simply inform your current employer of the offer. Many times, if you’re a star employee, your boss will want to keep you and will match the new salary of the other job offer.
I’ve seen this done on two different levels. My husband works full-time and increased his income by 12% one year by doing this, which is more than it would have been if he had asked for a raise.
If he had asked for a raise, he probably would have received one, but due to company policies, he may have only received a 5-7% increase.
My friend who works part-time hourly has also been able to do this, though she did it unintentionally. She sought out a different place of employment as a bank teller, and when she received an offer, she gave her bosses her two weeks notice. However, she ended up getting a $2 an hour raise, and a small promotion to a supervising position.
Don’t let the size of your paycheck make you feel stuck in your financial situation. There are so many unique and creative ways to increase your income and earn money on the side. You just have to pursue them.
What have you done in the past to generate extra income?