If you feel that you need more money, perhaps because you would like to have more savings behind you, want to repay a loan or feel like you need to make more effort to make ends meet, then one answer could be to earn more money. This can sometimes seem like a difficult thing to do, but there are lots of things that you can do and so it can be worth considering the options so that you can decide whether it is an option that you would like to consider.

  • Improve what you get from your current job – if you already work then it may be possible to earn more from it. You could try getting a pay rise, working more hours or getting a promotion. There may be opportunities to go on call and get extra money or things like this. If you are looking for a rise then find out how the system works in your company and apply through that. It is wise to make sure that you are working hard and can prove that you deserve a rise. This is even more important if you are looking for a promotion a you need to show that you are capable of that. It can be easier to make more money this way than some of the other possible options. It can be easier to do more hours in your own job, for example, than having to find another job and fit in to a new company and if you have to travel between jobs this can take up valuable time.
  • Do an additional job – If you cannot get more money from your current job or you do not have a job then getting an additional job could help you. This could give you some extra hours of work fitting around your current job or your family life. You might be able to find some evening work or some weekend work which could help you. Otherwise you might be able to find any other work that fits around your current lifestyle.
  • Do some freelance or temporary work – if you want something more temporary then some freelance or temporary work could be the answer. You can sometimes go to a job agency and find a job like this or find something online. It can be a good way to pick up some extra money here and there. It will mean that you will not have a consistent income though. This could suit you better though if you need to be more flexible and do not want to be tied down to regular work.
  • Start a business – many people like the control they get from starting their own business. If you can start a business with very little money invested, which is possible, then this can start to earn money for you. It is worth being aware that starting a new business is not an easy option and you may have to put a lot of work in and may not get a lot of money out for a long while. If you are working already you may find it hard to put in all of the time that you need to do it.
  • Sell things – if you won things that you no longer need then selling them to general a lump sum of money could help. If you want to make a regular income from selling things then you will have to buy stock to sell on. This means that you will need to invest some money in the business and there will also be a risk that you may not be able to sell the items that you buy or that you may not be able to sell them for enough to make a profit.
  • Find some online work – there are plenty of jobs that you could do online. Some are short jobs and others are more ongoing things. You will need to be confident that any work that you are taking on is genuine and that you will really be paid for it. Find some reviews and make sure that you have a trust of the employee before you use them.

As you can see there are lots of options. You will need to pick one that will suit you and your lifestyle. You should think about all of the possibilities and decide which you think will be the best for you. You can always try a few different things. If you look into the options available and apply for some different things, you can see what you are offered or like the look of and pick something. Trying a mix of things will allow you get an idea of what things are like and you will be able to then decide if you want to pick just one or several options. 

If you feel that you need more money, perhaps to reduce your debt, to add to your savings or to spend on certain items, you will need to cut down on the things that you are buying in order to free up that money. It is not always easy to know where you can cut down though, but below are a few ideas.

  • Pay less for what you buy – if you do not want to buy less but you want to spend less then the only way that you will be able to achieve this is if you spend less on the items that you buy. This means that you will need to look for cheaper items to buy. It can be worth looking at every item that you buy and seeing whether you can get it cheaper. It is worth doing this in a methodical way by going through your bank and credit card statements and looking at each item you bought. Then you can consider whether you can get those items anywhere for less. It is fairly easy to compare prices online these days and so you will not have the inconvenience of visiting several stores to see what the prices are like.  It may be that you feel you are already getting the best value for money and so you do not want to buy an alternative. You do have to be careful as if you buy poor quality items for less money then you could end up having to replace them more quickly or find that they are just not as good. It could therefore be better to pay a bit more for them.  This is fine for a few items, especially if you have tried switching brands in the past and feel like the ones you use are the best. However, if you think this with every item then you could end up with not being able to save any money at all on the things that you are buying. It could therefore mean that you will have to buy less instead.
  • Buy less luxuries – if you cannot find any ways to spend less on the items that you buy then the only way to save money is to buy less things. Even if you do find ways to spend less, you may find that you want to buy less as well so that you can save even more money. Cutting back on buying certain items can help. You will need to keep paying for your essentials, covering your loan repayments, rent or mortgage, utilities, food, travel and things like that, but it could be that you are buying items that you do not really need. It is good to assess the items that you buy and think about whether there are things that you can go without. Of course, anything that is not a necessity does not need to be bought, but there are some things which will be much easier for us to give up than others. It is a very personal decision but it might be that you will be willing to buy certain things less often, give up some things altogether but you might want to continue buying certain things as well. It is worth thinking through, while you are looking at whether you can pay less, using the method described above, whether you even want to buy those items at all. It may be that you buy things out of habit and therefore need to think about whether it is really necessary for you to buy them or not. There will be some things that you will be happier giving up that others and that will be an individual decision.

It will be necessary to make a lot of decisions about whether you should buy certain items or not and whether you should try to pay less. It can be tricky, but some people might find it fun. It can be a great feeling when you can see that you are spending less money and that you are managing to use that towards other things. It is worth focussing on the positives to help you through and hopefully you can start to enjoy finding bargains or deciding not to buy things so that you can be rewarded with having extra money.

Deciding on which individual items you stop buying can be very much a personal decision. It will all depend on exactly what you do buy, how much you pay for those items and how much you like them. It could be that you will be able to make do without certain items but others you still really want. You will need to think hard and prioritise what you are buying so that you are able to save the most money that you can.

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