7 Ways To Add To Your Income While Working Full-TimeAug 18, 2022
We've all been there. One month you have a little extra money and think, "Wow, this is great! I can save for a big trip or actually afford to add lettuce to this week’s grocery shop." And then the next month comes around, and BAM! You're right back where you started. Why does it always seem like your income isn't enough to get ahead? Well, don't despair we’re here to tell you that there are so many ways that you can boost your income without drastically changing your schedule or lifestyle. So whether you want to live luxuriously or just get out of debt faster, here are seven ways that anyone can earn more money while working full-time.
Pick up a side gig.
Side gigs are a great way to earn extra money and have the flexibility to work around other commitments. The benefit of side gigs is that they can be done in your spare time, so you aren’t sacrificing much of your personal life. If you have a job that pays well and offers benefits, but feels like it isn’t giving back enough—or perhaps there simply isn’t room for advancement at this point in your career—a side gig may be the answer for you.
Even if you're already working a full-time job (or even two), side gigs are an excellent way to fill any gaps in income and make sure that no matter what happens with your career path—whether it's moving up within your company or finding something new after being laid off—your household budget won't take a hit.
Get paid for your hobby.
Some people make money on the side by doing what they love. If you have a hobby or interest that brings in some extra cash, then it's time to expand your horizons and start making some real money while working full-time. Here are five ways to get started:
- Offer tutoring services or classes for others who share your passion. If you're an expert at origami or pottery, for example, consider teaching others how it's done and charging for your time as well as materials used. You can also take on small tasks like custom-making products that customers order online—and be sure to include a delivery fee!
- Sell items online through sites like Etsy or eBay if you enjoy arts and crafts projects. Create tutorials on how these crafts are made so customers know exactly what they're paying for when purchasing one of your pieces; this will also help increase sales because people will feel confident about buying something from someone who already knows how much effort goes into creating such beautiful products!
Sell unused items with online services like Poshmark, Vinted and eBay.
Selling unused items with online services like Poshmark, Vinted and eBay is a great way to earn extra income. You can often make more money selling your items this way than you would in a garage sale. And unlike the other options, you don't have to bother with keeping track of receipts and cleaning up the house before guests arrive—you just need to take a few photos of your items and post them on one of these platforms.
Even if you don't have experience selling online or using sites like Poshmark, Vinted or eBay, it's easy to get started.
Put your savings to work for you.
You might be surprised to learn that there are many ways to make money without leaving your full-time job. Sure, you can start a business on the side or try your hand at freelance work. You could also invest in stocks, real estate and other ventures.
There are four main ways savings can help you generate additional income: investing in stocks, investing in real estate, investing in a business and partnering with someone else who has capital (like your boss).
US billionaire Warren Buffet once said, “If you don't find a way to make money while you sleep, you will work until you die,” and investing your money is one way to help you sleep better each night.
Negotiate for more money at your next job.
If you're looking for new ways to make money, it's important to know that the more you're paid, the easier it will be for you to save up. That being said, negotiating for a raise at your current job can help open up more earning opportunities outside of work as well.
Start watching your pennies by cutting out the small stuff like coffee and unused subscriptions.
Before leaving the house each morning, think about making your coffee at home to drink on your commute instead of buying one.
Start also paying attention to all those subscription services you subscribe to. With the numerous streaming programs like Netflix, Binge and Stan (to name a few) it’s easy to lose track of how much you’re actually spending. Consider splitting an account with a friend or only choosing one program each and sharing your password.
Start using coupon plugins, like Honey, to save money on your online purchases.
Honey is a plugin that monitors your purchases and will search for valid coupons to help you save on your purchase. It works with hundreds of other online stores so there's a good chance you shop at one of them frequently and may be able to save some of your cash without working too hard for it.
Honey's smart shopping assistant automatically applies discounts that it can find to your cart – with one click.
Now that you know all the ways to make money without quitting your job, you're probably wondering how to get started. It's simple, just try one of these techniques: go through your closet and find items you haven't worn in a while; talk to your boss about getting a raise, or start using an app like Honey that will automatically save you money when shopping online.
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