Did you know that the phrase “how to get the money” is searched globally 246,000 times a month?! I figured I’d help hundreds of thousands of people out and make my list of the top 10 income ideas and ways to save major moolah:
1. Share Your Space
I know the idea of having a roommate may be a turn off, but the cheapest I ever lived (other than at home with my mommy) is when I split the rent of a 2 bedroom apartment with 3 other girls in college. I believe I was still charged $288 a month, but I could have even found something cheaper if I was willing to drive. You can save thousands of dollars a year.
2. Eat Out Less
My biggest expense is housing (see above), but the second biggest is food. Mr. BFS and I cut out budget by nearly a third by simply eating out one time a week instead of 4 or 5 times a week. Restaurants and fast food chains really do cost more than if you buy AND USE groceries efficiently.
3. Eat Less Overall
If you are anything like me, you may be eating too much. Consciously think about how full you are when you eat and try cutting your portion sizes in half if that is feasible. That could easily cut your grocery bill down another 1/4th or more!
4. Change Your Mode of Transportation
I love having a car. It’s easy to just jump in and go. That said, I could save a few thousand a year if I could take a bus instead. I’d even lose weight if I’d bike. Heck, even car pooling would save me a few hundred every couple of months. If you are looking for corners to cut, transportation is another great place to start.
5. Get a Job
I know this seems obvious, but this even means look for a better job if you are simply not paid enough. I have known people who will complain until their faces are blue about their lack of funds even though I know they settled on a job that pays even less than mine. Learn a trade, take some certification classes, or just network a bit and you could increase your income overnight.
6. Get a Second Job
Whether you enjoy your work, don’t want to or can’t cut back on any more of your expenses, or simply want a little more money in your life, look into getting a second job. This could be anything from an actual night shift to a side income through pizza delivery.
7. Sell Yourself
No, not in the way I know that just popped into your head. 😉 Think of everything you know how to do or knowledge you have and work from there. If you are fantastic at any school subject, look into tutoring. If you are great with animals, try walking dogs or pet sitting or something. If kids adore you, babysitting is always an option. In short, think of all the things you are good at or things you know and make them work to your advantage. I tried out all of the above and then found blogging – not easy money but money none-the-less.
8. Sell Your Stuff
Craigslist and Ebay have made selling individual items way easier than in the past. Garage and yard sales are also a way of cleaning out your house and making some profit to boot. If you have some time, you could list 5 items a week and work your way through any of the excess you may have accumulated through the years…
9. Passive Income Streams
Interest from investments and per click ads or affiliate programs are ways of making money even while you are sleeping. Passive income is usually something that only starts really helping after you’ve created a solid foundation (like saving, investing, creating a good website, or you can even make money selling ebooks), so make sure to have a plan.
10. Take Care of Yourself
Health care costs are astronomical, so staying healthy is a very important way of keeping your money where it belongs in your pocket. Take this from someone who just finished paying her husband’s $1500 dental bill; you don’t have anything unless you’ve got your health.
What other income ideas do you awesome readers have?
FYI: I worked at a dead end cubicle job from 2005-2011 for about $30,000 a year. I went self-employed in July 2011 and make between $80,000-$100,000 through blogging, a rental home, and professional pet sitting. If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you). I even have all of my favorite tools on a resource page - I hope they help you too. This all gives me the time to be with my aging family members, the flexibility to stay close with my friends and family, and it should help if we finally get pregnant too! Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!