When you don’t have enough income, you have two main options: find additional sources of making money, or cut out unnecessary expenses – or ideally, both. To increase your income, start looking for simple ways to take on side gigs that will allow you to earn some extra money without disrupting your life. Whether you want to do extra work from home or want to get out in the community, try any of these easy methods to boost your incoming funds:
Take surveys online for money with a reputable site like surveyjunkie.com
Start freelancing on the side an industry you are familiar using sites like freelancer.com
Sell items on Ebay that you no longer need.
Drive for a ride-sharing service
Offer your services on sites like fiverr.com
When it comes to cutting expenses, you’re going to need a budget that lays out all of your costs compared with all of your income. Always aim to spend less than you make, but also look at each line in your budget for easy ways to reduce your current costs, such as:
Cut out or reduce your tv subscription
Turn your thermostat up in the summer and then down in the winter to save on utilities
Eliminate frivolous purchases by restricting spending to cash or giving yourself a waiting period before you buy
Eat out less, and prepare lunches at home