Cash on Hand: Easy Ways to Get Extra Money in Your Wallet

Written by  //  2016/06/15  //  Work-Based Programs  //  No comments

If your personal expenses are bigger than your paycheck, you have two choices to balance things out. You can either cut some of your spending or find a way to make more money for all your needs. It can be difficult to cut back, especially if you already feel strapped in by a budget. If you simply need a bit of extra cash every month, here are some easy ways you can get some money in your wallet.

Do Extra Work

If your job offers the opportunity to work overtime, then you can try to pick up some extra shifts at work. If not, get a part-time job at a retail store or some other business that has hours that will fit into your schedule. Another way you can make extra money is to take advantage of a talent or skill you have. For example, if you have writing or photography skills, you might look for freelance work. If you know a sport really well, you might look for paid referee or coaching opportunities.

Sell Stuff

Another easy way to make money is to sell things you no longer need or can do without. If you have old books, electronics, sports equipment, or other items, you can try to sell them online or through something like a yard sale. If you need to make a bit more than that, you can try to sell any valuable collectibles you own or look into selling your car through an auto trader service. Places like U Pull & Pay will give you cash for an older car if it has the right parts.

Consolidate Debt

Something many people don’t think about is lowering debt expenses as a way to put cash back in your wallet. If you consolidate your debt to get a lower interest rate, you can save a significant amount of money. You can get a debt consolidation loan or do a credit card balance transfer to consolidate small, unsecured debts. If you own a home, refinancing to get a lower interest rate can save you huge amounts of money on your monthly payments and put more money back in your wallet.

Rent Out

Another creative way to make money on your own is to rent out things such as your home, car, or large machinery you may own. There are a number of websites and apps that allow you to rent out these items with little effort. This way your items can get more use and you can get your money’s worth.

Putting extra money in your wallet isn’t as hard as it seems, and there are many opportunities to do so. Just check out some of the skills or things you already have and see if there is a way to spin them for a bit of cash!

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