Ways To Make Extra Money
44 million Americans have a side income and according to a new study published by smartaset, the majority of them (70%) are women. Less than 50% of men, however, feel the need to bulk up their paycheck. Young students appreciate the occasional extra dollar here and there as do stay-at-home mothers looking to make some extra cash. There are several ways you can generate additional revenue, as long as you make sure that the income is lawful.
One of the top way to make extra money is by monetizing your existing assets. And by this we mean, selling any unwanted luxury items you may have. Including, designer jewellery, luxury watches, bags or sneakers.
Benefits Of Decluttering
The 15 money-generating hacks outlined above show you how to earn additional income quickly and easily. These methods are especially helpful if you need a short-term solution. In the long run, you will benefit even more from the tips below on how to budget effectively and stretch your money further.
Learn How To Save Money
Regardless of your income, everyone is able to save some money. For example, follow step 1.12 and open a new bank account. At the beginning of each month, transfer a percentage of your monthly income into this new account and don’t touch it. You will be forced to make it to the end of the month with the remaining money.
Writing down your expenses every week can really help you understand your spending habits. After a while, you will detect areas where you can save money. Most Americans are living frugally by purchasing more generic brands or by brown bagging lunch instead of purchasing it, as you can see in the statistics below:
Today, saving money is easier than ever before. There are hundreds of money saving apps that you can download in the Google or Apple store. They will help you to get an overview of the money you are spending and highlight the biggest saving potentials. There are also add-ons for your Internet browser that can help you find discounts for online stores.
Why Sell Your Clutter
Speaking of living a frugal life: the average household contains 300,000 items. Less than half of them are actually in use. Decluttering your life is not only a good way to make money, it is also a good way of providing clarity, focus and inner peace. There are many proven benefits of a decluttered home. You probably know that feeling when you have just tidied up your storage space. After letting go of possessions you clearly don’t need anymore, you will feel relieved, lighter and somehow “free”.Decluttering is part of the minimalism movement. The main statement of minimalists is: everything you possess should have a purpose or bring joy to your life. Otherwise, it’s called clutter. For example, looking at your stuffed closet can cause a lot of stress. You might not even know what clothes you have. Yet, every morning you have to decide what to wear. Feeling guilty about not wearing half of the clothing items in your closet can be emotionally draining.
Getting your closet decluttered and owning fewer clothes can make things so much easier. Honestly, how many of your clothing items do you actually wear? You can find this out yourself by using the 90/90 rule. If you haven’t worn something in the last 90 days, see if you will wear it the next 90 days. If not, cull it. If 90 days are not enough for you, make it 120 or as long as you feel comfortable with. As long as you are honest with yourself, there will be plenty of clothes that you can let go of. It will save you a lot of time.The same principle applies to the rest of the stuff in your house too. Possessing fewer items will result in fewer things lying around causing a mess, both in your house and in your mind. You will spend less time worrying about finding or losing things or finding space to put your belongings.
All in all, there is a lot of potential to make and save money everywhere around you. You might have to get out of your comfort zone or at least free up some time, but considering that you live in one of the wealthiest and most abundant countries on this planet, you are richer than you think you are.