When it comes to money, many of us may be feeling a little overwhelmed right now. Some of us will be struggling with reduced income, and others may be worrying about the future. We are all in this same storm we are just in different boats, and what might be working for one person may not necessarily be your story or experience. However, the one thing we can all do is improve our financial situation. With that in mind, here are some of the things that you could consider.
Your property could be holding the answer
One of the first things to consider would be your home and property. Buying a property is a great way to have a long term investment plan, but it could be making you some extra money in the short term as well. For starters, the outside space. If you have a big plot of land that isn’t doing much right now then you could look at having a cell tower put in place. Renting the land out can give you a little income and experts like Vertical Consultants could help you with the fine print. Another thing to think about would be renting out a car parking space or your driveway. This could be a great option especially if you live close or in the city where people commute each day. Last of all, any garage or outbuildings you have could be used as storage for people, and again this could be something that you can charge for.
Look at reducing your bills
Another thing to think about would be to look at reducing your bills. It is essential that you try and increase your income by only paying out for the things that you need. So it may be time to switch providers for energy or insurance. This is so you can get the best possible deal. You should also look at your regular payments and try and look to see if there are ways of bringing them down. This might include things like meal planning and changing where you shop for food, or even cancelling regular payments for things you no longer need.
Make some extra money from home
If you can try and make some extra income from home. This could mean that you look at using your spare time wisely by filling out online surveys or even reviewing websites online. You could also look at making some extra money from the things that you no longer want or need in your life. Selling things online on eBay or Facebook marketplace can help you to add some extra income to your pocket and also clear your home of any unwanted clutter.
Go for the career or job progression option
Finally, while many people have struggled with their jobs you could be in a position where you can look at your career and make some changes. Perhaps you now see the opportunity to go for a promotion at work or even change your career to improve your circumstances. It might be time to seize the opportunity and go for it.
Let’s hope this has given you some ideas on how you could increase your income each month.