When it comes to saving money or paying down debt, cutting expenses is a good place to start. If you’ve already cut back as much as you can and you still aren’t making progress, it might be time to consider how to bring in more income. Here are four ways to make more money and stretch your budget further.
Harness Virtual Skills
With so much business being done online these days, there’s no better time to develop marketable skills as a freelancer or virtual assistant. Don’t know the first thing about freelancing or supporting businesses online? Look into free online courses or check out a freelancing podcast. Videos on Youtube are also a great place to learn nearly anything these days.
Marketing your skills in copywriting, social media management or running Facebook ads can be great ways to bring in some extra income since many businesses are looking to outsource these tasks. Putting in the effort to teach yourself these skills can result in great opportunities to earn more money working from home.
Sell Your Stuff
Go through your belongings, dig through your closets and pull out the clothes collecting dust in the bottom of your drawers. Chances are, you have plenty of belongings you don’t use that could be useful to someone else. Re-sell apps like Poshmark and listing venues Facebook Marketplace are replacing old-school garage sales. With a little effort, you can even restore some of your old junk and double the price tag.
Tutor Kids Online
Teaching children in an online space is another great at-home option for making money. Online tutoring services like VIPKid, TutorVista and Elevate Learning all hire tutors with flexible hours at competitive rates. This can be a great way to bring in additional income, especially if you come from a background in education.
Get Cash Back While Shopping
Earning money while shopping is one of those things that sounds too good to be true, but with apps like IBotta and Rakuten, you can earn cash back on groceries and online purchases. This is a great way to put a little more money in your wallet from everyday purchases. Download the apps and browser extensions and earn money when you shop. It’s that easy.
Making additional income does require some effort, and it won’t happen overnight. But if you put in the work to develop some marketable skills and get creative, you can bring in more money and boost your budget. Give the above ideas a try for yourself and see how much extra you can make.
~Here’s to Your Success!
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