Do you find yourself scrambling at the end of the month to come up with enough money to just get by? If so, consider yourself part of the majority, as statistics show that most Americans are indeed living paycheck to paycheck. And it’s not just those who make traditionally lower wages. 10% of people who make at least $100,000 also say they are living check to check. It seems the cost of living is always going up, but wages just aren’t following suit.
While the natural response may be to find another job, one that pays more, that’s a whole lot easier said than done. Instead, you may want to look into ways you could be making extra money on the side to help cushion the bills. Here are some tips you can use.
Let Your Money Work for You
While this may sound a bit vague, it’s really quite simple. If you’re going to have money in the bank, why not pick an account that offers a decent amount of interest. What this means is that your money will be earning money, and you don’t have to do a thing. Over a long period of time, compound interest can really add up and provide you with a decide chunk of cash. The key is finding a savings account that offers a good rate.
This interest rate calculator is an excellent tool you can use while shopping around for interest rates. It will show you exactly how much you’ll be able to earn on your savings.
Set Up Your Own Freelancing or Consulting Services on the Side
Depending on what industry you work in, and your skills/experience, you may be able to offer freelance or consulting services on the side. What this allows you to do is make that extra bit of income without having to sacrifice your current full-time job. You can set your schedule and take on as little or as many clients as you want, and really be in control of just how far you want to take that side business.
Some of the more popular freelancing jobs include writing, managing social media accounts for businesses, graphic design, virtual assistants, marketing, and plenty in the IT industry.
Offer Pet Sitting and Dog Walking Services
Here’s another job you can easily fit in on the side, and this one doesn’t require any sort of schooling or previous experience. Pet-sitting and dog walking services have become quite popular as of late and could end up being the perfect supplemental income you’ve been after. Just make sure you do a good job of getting the word out there if you plan to take this route. Often, social media is the best place to advertise your services.
Start Looking at Money in a Creative Way
Rather than obsessing about the money you don’t have, why not look at more creative ways to go about earning extra. A drastic career change doesn’t have to be the only solution, as there are ways you can keep your current job and start making extra money.