Do you worry about money every month? Do you live life on a tight budget, always afraid to overspend?
If so, you aren’t alone. Research has found that nearly 80% of Americans are living paycheck to paycheck, with many worrying about their finances. Thankfully there are lots of little ways that you can boost your income and none of them require you to leave your job.
Here are five easy ways to boost your income.
Start a Side Hustle
A side hustle is a great way to boost your earnings, especially if you have a specific skill such as web design or baking. Some people are put off by the idea of working two jobs at once, but it is definitely doable; in fact, over a third of Americans have a side hustle along with their main job!
If you decide to start a side hustle and you don’t want it to take up too much time, set aside specific days to work on the hustle. For instance, you might work on it every Saturday morning and Wednesday evening. This structure will make it easier for you to maintain a good work-life balance.
Consider Renting out a Room in Your Home
If there is a spare room in your home you could consider renting it out on AirBnB. This is a great way to boost your income as it requires very little work on your behalf. All you need to do is list the room and tidy it up before guests arrive, so it is perfect for someone who already has a demanding job!
You can make thousands a month doing this and you don’t necessarily need a spare bedroom to do it. You could also convert unused rooms downstairs such as the study or the storage room.
Take Risks with a Small Amount of Money
It could also be worth taking a risk with a small amount of money in the hopes of a big return. For instance, you could try investing or you could make a monthly bet on the Powerball lottery. Just make sure you only do this with a small amount of money that would otherwise be poorly spent (on a daily coffee or a bottle of wine, perhaps).
Make Money Sharing Your Opinion
You can also sign up to survey websites and make money sharing your opinion. There are lots of websites out there that will pay you for information. All you need to do is sign up and start filling in forms and surveys. These can cover a range of subjects, from finance to socializing, and you will be paid a small amount of money for every survey you complete. Admittedly this won’t boost your bank balance significantly, but it is a simple way to get a little extra spending money!
Sell Used Items Online
Finally, you could consider selling used items on eBay or Amazon. This is particularly helpful if you have items of value, such as current text books, collector items or designer clothes. This is also fairly easy to do — all you need to do is set up an account and start listing items!