Finance

A Guide to Earn Extra Money

With the cost of living crisis seeping into everyone’s households, and the choice between putting on the heating in the morning or the evening becomes a burden, it is no surprise that people are looking to see how they can make some extra money on the side.

While there is a bigger issue at play here, and your typical 9-5 job should absolutely provide a living wage, it is not going to change overnight, and your cupboards still need to have food in them.

Whether you are a student or you are looking for a second job, this piece is going to serve as a guide to help you earn some extra money when you need it the most.

Let’s get into it.

Take on Freelance Work

If you have the time, taking on freelance work in your niche can help add a little extra cash into the bank and offer some much-needed flexibility too. It is up to you how much work you are able to take on and where you take it on from, so keep your eyes peeled for jobs, and don’t forget to negotiate!

Another great thing about freelance work is that it can progress into regular work or even a full-time role, which could, in theory, give you more control over your finances.

A Job with Accommodation Included

It is no secret that rent, electricity, and gas bills have gone through the roof and take up most of a monthly pay cheque, which can seriously hinder someone’s ability to enjoy or do anything else for financial reasons. While this option might not suit everyone, having a job that comes with an accommodation such as a live-in carer or live-in nanny can help you cut down on those significant costs while still earning a wage. A live in nanny wage UK can look like £350 to £400 a month, and that is without having to pay for accommodation, which can make this a great choice for those who are students or those who want to help a family while saving money.

Start Your Own Business

Starting your own business is perhaps not the simplest way to earn extra money, but it can definitely be the most rewarding. If you are good at something and you are happy to monetize it, you could create a small business that could help bring in some extra pounds. Whether this is making your own jewellery, cards, or digital products, think about what the outlay would cost you and work out a business plan.

Similarly to freelance work, if you are able to dedicate time and effort to your business, it could grow bigger than you ever expected and open up a bunch of other opportunities for collaboration and financial freedom.

Not having enough money is a number one stressor in life, and all we can do is champion for change and do our best to keep our banks in the green. The ideas listed in this article could help you to do just that.

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