How To Be Money Smart And Boost Your Income In 2017saving money
How To Boost Your Income In 2017
As we round out the Saving Money series here at Womanpulse, here are some tips and a guide to making the coming year more money smart in how you save and make more money.
We are fast approaching the end of another year and it is natural for our thoughts to wander to the year ahead. For some, it’s the perfect time to make those new year resolutions. What you plan on changing or doing, even creating bucket lists of all the things you want to do.
One common thing on most people’s list is their finances. It might be to reduce debt or simply increase your income. But many fail at the first hurdle because things like this don’t just happen, it needs you to take the right steps. With that in mind, I thought I would share with you a few ways you could boost your income in 2017.
Check Your Spending
The first place anyone should start is their current outgoings. Often those direct debits have continued to leave your account when you could be paying less with other providers. It’s important to check out comparison websites to ensure you are getting the best deals for things like energy, internet and phone providers. If you have a few various outgoings for debt payments, then it might be worth considering consolidating those into one loan.
Providing you with one monthly payment instead of more. This saves on interest payments and also helps to reduce the debt once and for all. Another outgoing to consider would be your food shopping. Often this can be your biggest spend each week, and it can be reduced with careful meal planning and choosing where you shop. People who have just concentrated on their own outgoings can save a fair bit each month, without the need for much else.
Make investments to earn extra income
Another great way to boost your income is to consider smart investments. A good way to make use of savings is to consider investing the stock market, although you have to be prepared there is an element of risk to this. It can seem quite daunting at first, as there are many markets to consider including the penny stocks. This is why it’s worth checking out the Dow average today and researching online before parting with any money.
Start an online business from home
Many of us have a talent that we keep as a hobby. Perhaps you’re great at writing or taking photographs, or even have a flare f editing video content or making clothes. Whatever your strength use that to create your very own online business from home. Thankfully websites like eBay and Etsy offer great selling platforms, but most website builders can include an online shop if you prefer. Writing is one thing you could start doing straight away, and that might mean creating your own blog.
Writing is one thing you could start doing straight away, and that might mean creating your own blog. Blogging has fast become a popular hobby for many, but it can be a potential money maker with advertised content and affiliate links to help boost your income.
Sell unwanted items online
Finally, consider selling all your old clutter and things you no longer need. What may not be useful to you, could be for someone else. Again using websites like eBay can help you clear your home while making a few bucks in the process. Women especially have a build of clothes in their wardrobe that they won’t wear anymore or simply don’t fit. Often they are recognizable brands and designers that can fetch quite a bit online.
I hope these tips help you boost your income next year.