Boost Your Bank Balance Now

Whether you need to boost your income to cover the cost of your household bills, you want to save more for your future, or you want to have more cash left to have a good time, there are an endless number of things you can do to make more money right now. Some methods of boosting your income will be easy, while others will require a bit more effort, but they will all work.

Implement any of the ideas below to boost your bank balance now:

Request a Raise

If you want to earn more money, it could be as simple as asking your boss for a raise. According to PayScale, 75% of employees who re-negotiate their salaries are given a pay rise. Unfortunately, under half of the employed population bother to ask for a raise. Don’t be one of these people and ask for what you want!

Start Earning Cash Back

We all have those everyday purchases that need to be made, but we could be paying less for them is we use a cashback credit card or website to make our purchases. You can earn anything from 1-5 percent cash back with a good credit card, and as much as 50 percent cash back for some items when you buy via a cashback site, so although it probably won’t make you rich, it will help you to cut the cost of everyday living.

Make Money with Property

Property rentals are big business. If you have a property in a sought after area, it could be worth your while to rent it out and move elsewhere. Similarly, if you have a few thousand dollars earning a paltry amount of interest in the bank, buying a new property to rent out could boost your earnings quite quickly.

Start a Side Hustle

If you have a particular skill or passion, whether it be a knack for writing, a love of dogs or an aptitude for household DIY, you could boost your income by hundreds of dollars every month by starting a side-hustle business in your spare time. You’ll need to work hard, but if you have something to offer, you will see a vast improvement in your financial situation.

Sell Your Stuff

We all have more stuff than we really need and which clutters up our homes, so if you’re looking for a one-off boost to your wallet, why not get rid of some of it? Hold a garage sale, list your excess items on eBay or try your luck on Craigslist and you might be pleasantly surprised by how much your clutter can raise for you. Just bear in mind that selling your stuff might take some time and there will be lots of people trying to knock you down to ridiculously low prices - keep your head and you’ll do fine.

Start a Blog

Starting a blog is a fantastic way to express yourself and make money. You can get started for just a few dollars using a cheap domain and Wordpress hosting, and if you blog regularly and make your content interesting, you will attract readers who can be converted into cash.

Downsize

If you downsize to a smaller home, whether you are renting or a homeowner, you will save money on your rent/mortgage, and your utility bills and maintenance costs are likely to fall. This will enable you to save more money for the things you really need.

What are your tips for earning more money and boosting your bank balance?