These days, many families’ purse strings are incredibly tight, and money worries are one of the main reasons why parents are so stressed these days. There are lots of people who are trying to hold down two or more jobs to help make ends meet. However, it doesn’t always have to be like that. In fact, there are quite a few things you can do to help increase your family’s income every month without working every hour that God sends!
In this blog post, I’ll run through some of the best ways you can make a bit of extra cash for your family. You never know, one may turn into a regular side hustle for you!
Sell Your Old Clothes
I’m sure that your wardrobe is full of clothes that you never really wear anymore. Are you really sure that you need to keep them? They could be taking up a whole lot of space! So why not clear out your wardrobe and make some money by selling all your old clothes? There are a few different websites where you can send your old clothes. Some of the most popular include eBay and Depop. There will always be people looking to save money by buying second-hand clothes, so you can be confident that almost every piece of clothing that you list will find a buyer. You’ll be able to add a minimum price on most auction sites so that you don’t have to sell your items at a price that is too low for you!
Sell Your Old Furniture
It’s not only clothes that you can sell. You will also find that second-hand furniture sells really well too! And that is all because there is a big demand for vintage pieces these days. People love furniture that looks well-used and worn in so will snap up any pieces that you are selling in an instant. There are various ways you can sell your furnishings. You can try listing them on auction sites such as eBay, like with your clothes but you may have to request that the buyer collects the piece from you. This could restrict the number of potential buyers. You could also try selling through your local second-hand furniture store. However, remember that the store will probably take commission from the final sale price. Another way to sell your old furniture is to simply place an advert in your local newspaper or newsagent’s window.
Start A Blog
Do you love writing? Then why not turn your hobby into a lucrative pastime! These days, it is very easy to earn a bit of extra cash from a blog. But first, it is going to take some time to build up your blog and readership. The best way to get started is to simply create your blog and start publishing quality content. Be sure to share each of your post widely on social media so that as many people as possible read them. This is a great way to increase your audience. Once your audience grows, and your blog starts to get noticed, you will probably be approached by companies who want to advertise on your site. They might also want you to run some sponsored posts for them. Eventually, working side by side with various companies will lead to a nice little income for you!
Claim Tax Credits
When was the last time you checked what tax benefits and credits you are entitled to? The government is continually changing the tax system, and that means that you might now be eligible for various benefits and credits that you don’t realize. It’s a good idea to reassess your taxes. If you are entitled to any credits or benefits, you can then start claiming them. It might be quite tricky working this out on your own so it could be worth hiring an accountant to help you with this. It could also be possible to get some credits back paid to you if you have not been claiming them for a while. However, it is best to speak to an accountant about sorting this out.
Start Using Coupons
Do you have the feeling that your weekly grocery bill is getting bigger and bigger? Well, there may be a way that you can actually start shrinking it! You just need to start using coupons when you go to the supermarket. The more you shop at the supermarket, the more you will get. That’s because supermarkets generally give more coupons to their most loyal customers. However, you may also be able to find coupons online. It is also a good idea to sign up to your favorite supermarket’s newsletter as many send out exclusive deals and discounts to subscribers. Once you start using coupons, you will certainly be amazed at how much money they can help you save!
Free Up Home Equity
If you own your own home, you may have quite a bit of equity held up in it. Thankfully, you don’t have to wait until you sell your home to get a hold of that cash. Instead, you can simply get a loan that allows you to exchange part of your home equity. You can find out more about this type of financing by checking websites that detail home equity loan rates.
Improve Your Savings
A lot of people have their savings in regular bank accounts. However, this won’t be doing your finances any good at all. Rather than leaving them in everyday current accounts, you should move them into a high-interest savings account. These accounts will pay a better rate of interest, which will help your savings grow over time. It could also be worth researching other types of investments. For instance, if you start investing in stocks, shares, and funds, your money has a greater chance of growing even more. However, you need to also remember that these types of investments are very risky and you could lose your cash just as easily.