Collaborative post
Ideally, you’d have enough money flowing into your bank account to manage all of your expenses and have some additional cash for luxuries. However, even if that is the case, it’s probable that you could always do with a little extra money. After all, in this day and age, who wouldn’t like to have a bolstered bank account?
In this post, we’re going to take a look at a number of ways that you can raise additional funds. None of them will function as the equivalent of a full-time income, but when you put them all together, you’ll likely find that they have a big impact.
Get an Automated Savings App
There will be times when your main bank balance looks a little low, and that’ll be much easier to manage if you know that you have a significant sum in a savings account. If you, like many people, find it difficult to direct money towards your savings, then look at getting one of those automated savings apps. They’ll round up your spending to the nearest dollar and put the difference in a dedicated account. You can save thousands a year with this tip, and the best part is that it takes no effort on your behalf.
Sell Your Products
There’s a big market for homemade goods. Indeed, the handcrafted items market is forecasted to have a CAGR of more than 10% from 2024 through 2034, which shows just how in demand these types of goods are. If you have a special talent for making items, then why not look at selling them online and at local artisan markets? You’ll need to perfect your product and have some custom stickers made so that it looks professional, but beyond that, there’s not much to it. If your items are good enough, then they will sell — and you’ll have some extra cash to play with.
Look At Freelance Opportunities
Most people have full-time work that prevents them from taking on additional jobs on a permanent basis. But you don’t always have to commit to a job for months at a time to supplement your income. You can also make money via freelance work or one-off gigs. For example, you might take on periodic translation work when you need additional funds. You can also look at temporary gigs — for instance, if there’s a big event rolling through town, then you could see if they need any temporary workers. They probably will!
No-Spend Weeks
Finally, remember the best way to bolster your bank balance is to avoid spending money. Not spending £100 is the same as adding £100, remember! Of course, you’ll have to spend some money in a seven-day period. But when you really break it down, you’ll probably find that you spend significant sums of cash each week that you really don’t need to. Those coffees and takeaway dinners might be nice, but you can commit to living without them for a week from time to time. You’ll be grateful for your choice once you see your bank account!