You can cut and cut your spending but sometimes you need to ask yourself, is your income enough? If you feel like you have already cut back as much as you can or if your budget is just not working for your desired lifestyle, it might be time to look at ways to increase your income.
Here are some of the best things you can do to increase your income when it’s just not enough.
(1) Sell unwanted items
Sell unwanted household items for cash using sites like DoneDeal and Adverts. Think furniture you don’t need/use, old gym equipment, items from your shed or garage, unwanted gifts etc. You can sell old electronics, DVDs, video games at CeX. The iphone app Ziffit can be used for selling books. You can also sell on websites like EBay. Sell, sell, sell.
(2) Get a Side Hustle
Do you have a skill or creative talent that you could use to generate additional income? Check out Side Hustle School for some serious inspiration. Can you create and sell on Etsy? Do you have an area of expertise that you consult on? Can you provide a service?
(3) Increase income at current job
Are there opportunities to increase your income at your current job? Can you ask for a pay rise or seek overtime opportunities? Or can you apply for a promotion at your current employer?
(4) Get a new job
If you’re not being paid what you’re worth at your current employer, it might be time to consider making a move. Make sure when you are comparing salaries at two different companies, that you don’t just look at the basic salary. Consider the full benefits package including pension contributions, bonuses, healthcare, annual leave etc. Don’t forget to negotiate! If you are moving company, it may be one of the few opportunities you have to negotiate a salary.