If you’ve decided 2013 will be a better year for you financially, you’ve probably gone back to basics and seen you have two core options for improving your financial picture: you can reduce your expenses or earn more. If you’ve taken your expenses as low as they can go, you’ll have to look for ways to increase your income, so here are a few ideas:
Get a part-time job
Depending on what stage in life you’re at, this could look like any number of things. If you’re a talented computer programmer or writer, look to start a side business offering your services to those who are willing to pay for them. On the other hand, if your time is pretty flexible, you may look for a job in retail or at Starbucks. Even better, gyms and libraries often allow you to get other work done while you’re on the job so you could potentially combine some sort of freelance work with a low-key desk job. If you have kids and are home with them during the day anyway, you could offer to watch another family’s children a few days a week.
Much of the economy boils down to buying low and selling high and e-commerce has made it easier than ever before. If you have old clothes or items to sell, eBay or Craigslist can help. If you see a great deal in the clearance section at Target that you know others would pay far more for, take advantage of Amazon’s fulfillment program to make some money off of the deal.
Most people have an eventual goal of retiring from a salaried job and living off of their investments. If you invest properly now, you should eventually generate an income off of your portfolio that helps cover your living expenses. Even though money you invest in 2013 is probably going to be put away for the longer-term, your investments could start to earn interest or pay dividends and provide you with income either now or in the future. Just remember to fully understand anything investments you’re considering or consult a financial advisor for help before you invest your hard-earned money.
Anne Perkins is a freelance writer focused on how to live large on a little living. She writes financial savings tips for Quick Quid, an online short-term loan lender providing quick loans to those in need. At her blog, AnnieIdea.com, you can get tips on how to take any idea and make it easier or cheaper to complete.