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6 Methods To Discover Further Earnings (Video)

Living within your means is an important part of having strong and healthy funding. Create budget can be a good first step in making sure your financial house is in good shape. As you go through your monthly expenses, there are two different ways you can improve your monthly cash flow.

The first is to cut your spending – look for ways you can spend less each month. When you start tracking your expenses (like one of our free monthly budget templates) you will likely find some areas to narrow down. However, over time, you will likely run out of opportunities to cut your expenses. After all, there are so many extra lattes and gym memberships out there that you don't take advantage of it!

The other way you can Increase your savings rate is to find additional income. In this article, we're going to look at some sideline jobs and other ways to find extra income.

Sell ​​things that you don't use and don't need

Most people always have things around the house that they no longer use. Look around with a discerning eye and decide which things you could do without. Of course, you can't do this every day, but at the rate at which most people collect things, you're likely to find items worth $ 100 or more once or twice a year. Look for electronics, clothing, toys, or other items and sell them on Craigslist, local swap groups, or eBay.

Benefit from your talent

The first point we're going to talk about depends on YOU. what makes you special What skills do you have that can potentially lead to additional income? Many of the other things on this list are more short-term or one-off ideas. Maybe you can start a blog or an online business? Or do you have a skill that you can offer as a service to others? It may take short-term capital to get your business up and running, but the long-term gains from investing in yourself are usually worth it.

Make sure your savings are working for you

Another way to find extra money every month is to make sure that your savings dollars are being invested in the right place. If you've already saved extra money, make sure it's not sitting under your mattress or in a checking account and earning next to no interest. For money that you don't expect to be needed anytime soon, consider it Opening a retirement account. Historically and over the long term, the stock market has been one of the best ways to invest.

If you have an emergency fund or other money, you don't want to go public. Because the stock market can be more volatile, any money that you want easier access to should be kept in something that is more liquid. However, if you still have your money in a savings account with your local bank, you can leave tens to a hundred dollars on the table every month. Lots Online savings accounts In general, offer 10 to 20 times the savings rates you get from your local bank.

Open a new bank account

Regarding bank accounts, many banks have incentives to open a new account. And they are often better gifts than the stereotypical toaster. A typical bank bonus can range from $ 200 to $ 500, depending on requirements. You can find these bonuses either by searching online or by checking local and national banks to see what they may be offering.

Three things to consider about bank account bonuses. The first is that many of these bank bonuses have requirements like setting up a direct deposit or keeping your funds on hold for a period of time. Another reason is that many of these accounts have fees that would offset some of the bonuses. After all, the bonus you earn on this account is taxable. At the end of the year, you will be given a 1099 tax form. Weigh all of these factors to decide if the bonus is worth it for you.

Maximize your credit card rewards

Another way to get some extra income is to make sure you are maximizing your credit card rewards. Credit card rewards can be a good additional source of income depending on your expenses. In addition to the cashback or rewards you get from ongoing expenses, you should sign up for a new credit card. Many cards offer sign-up bonuses anywhere between $ 150 and $ 500 or more. This can be a great additional source of income.

Join the gig economy

Depending on how much free time you have, there are many companies out there looking for workers. Some ideas would be:

Rent part of your home with Airbnb
Drive for Uber or Lyft
Make deliveries with DoorDash or Postmates

Many of these companies are also offering new rental incentives, which could initially make the website appear more attractive.

Hopefully, these ideas will help you earn extra income, find ways to make more money, balance your budget, and get started on your path to financial success!

Dan Miller (21 posts)

Dan Miller is a freelance writer and founder of, a website that helps families travel for free / cheap. His home base is in Cincinnati, but he tries to travel the world as much as possible with his wife and 6 children.


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