2020 has started to put a strain on many people’s finances. However, if you want to start the new year with a blossoming bank account, there are many ways that you can rake in extra cash this winter. This article will cover some of the top steps that you can take to boost your earnings and become financially stable in the latter half of this year.
Take an Online Degree
To find a way to make more money permanently, you need to increase your income potential, and the best way to do this is to boost the skills and knowledge that you have to your name. To increase your income potential at home, many people look at taking an online degree in the subject or career path that they are interested in, or are already on the path to succeeding at. For instance, the University of Exeter offers MA Education Distance Learning courses to digital students.
By taking a course like this, you will be able to build on your previous qualifications and open yourself to roles and responsibilities that demand high earnings. Not only this, but this can also be the push that your employee needs to start paying you more and offering you more responsibility at work. This method of boosting your income often works, with graduates in the UK typically earning more than £10,000 more than those without a degree.
Ask Your Manager for a Raise or Promotion
If you are already in a job that you love, but your earnings have remained the same for several years, it is time to ask your manager for a raise. The best time to do this is when you have completed or headed a particularly successful project, when the business that you work for is doing well, or when you attend your annual review. However, you should make sure that you have other options lined up before you do, and that you have rehearsed what you are going to say to convince your boss.
You should also ask your manager about the potential for a promotion or about the potential roles that are open in your company. Promotions can help you to stay with the same employer and yet take on more responsibility to get the money that you deserve. If your manager is reluctant, you should try to discuss goals and targets which are likely to enable you to progress.
Apply for the Job You Deserve
However, you cannot achieve your dream earnings in every job. If this is the case, you should look at what you need to do to apply for the high paying job that you deserve. By looking for jobs outside of your company, you will be able to avoid your pay rate stagnating and can make sure that you can look for the best job offers on the market. Once you have secured a job, however, you may also consider debating the pay that will be offered for you, asking instead for the minimum amount that you will be happy with before you sign any contracts.
Start a Side Hustle
If you would like to keep your job, but want to see an extra boost to your income every month, you should start a side hustle to complement your pay. For instance, you could consider opening a small business reselling white label goods or homemade products, consider offering tutoring and webinars to people who are interested in learning your skills or going freelance in roles such as app development and business coaching. This can help you to be your boss after work and to add the extra little boost you need to your paycheck.
Furthermore, you can also make money by selling your used or unused household items as a side hustle. Thanks to online selling platforms that make it easy to reach out to a vast community. Sites like eBay, Sheepbuy, and Craigslist are some great platforms that allow you to sell your products online, new, old, or however, they may be. Sheepbuy being the better option as it doesn’t take any fee or commission from your sales. You can start with a free plan and upgrade to a low monthly fee of $2.99. So, if you want to sell more and save more, Sheepbuy is the perfect place for you to start. Visit their website for more info.
Find a Second Job
Now, more people than ever have a second job. If you believe that you can find a second job without diminishing the quality of the work that you produce for your main role, you should consider looking for part-time positions in your area. Many part-time roles are advertised in the windows of businesses, or online, through social media and on job boards, such as Indeed.
The best of these are roles which you can fulfill at home, as this will allow you to save on transport and other daily costs, which can minimize the positive impact that this role will make on your bank account. You could also find jobs that operate on a seasonal basis or which are mainly required in the evening, as this will ensure that this second job does not take over your entire working life.