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Finance

Innovative Ideas To Increase Your Income Without Working Overtime

Innovative Ideas To Increase Your Income Without Working Overtime

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It’s no secret that most of us would like to have more disposable income. You might feel like it’s impossible to boost your earnings without signing up for overtime or getting another job, but there are alternatives. In this guide, we’ll explore some innovative ideas to increase your income. 

Investing

If you’re looking to grow your money or you’re working towards long-term savings goals, investing may be an option. The type of investment you choose will depend largely on how much money you have available and how you wish to spend it. Buying property is often considered a relatively safe bet by investors, especially when the market is strong and the demand for houses is rising. Buying a house or a flat may not be a viable option for everyone but it can be lucrative if you can afford to purchase and resell a house you’ve done up or let out a second home or holiday rental. Other options you may wish to explore include putting money into a business venture or buying stocks and shares. With any investment, it’s essential to undertake research and to weigh up the benefits and risks. 

Trading

Trading used to be reserved for experienced city traders but today, it’s open to a much wider and more diverse range of people. The idea behind trading revolves around making money from movements in the market and making the right decisions at the perfect time. There are various options available, including CFD trading, and you can choose how much time and money to devote to trading. Before you start trading, read up on the different ways to invest and spend your funds, research brokers and websites and get to grips with how trading works. It’s a great idea to use trials before you spend any money to expand your knowledge base and hone your skills. 

Side hustles

Setting up a side hustle is an increasingly popular means of boosting household incomes and earning more cash. More and more people are using their talents and skills and taking inspiration from their hobbies and passions to generate extra funds. There are endless options when it comes to side hustles and the wonderful thing about this type of income source is that you can devote as much time and energy as you want. Maybe you love to take photographs or you’re a keen artist and you want to start selling prints or perhaps you’re a qualified yoga instructor and you want to do a few classes each week alongside your regular job. Use your skills and think about ways you can use your interests to make a bit of extra cash. 

Working overtime is an option for some employees who want to earn more but many of us are already working long hours. If you dream of boosting your balance without spending more time at the office, why not explore these ideas? From investing your money for the future and trading to setting up a side hustle, you don’t have to work around the clock to increase your income.

family, Finance, Savings

Top Tips For Saving Money As A Family

Top Tips For Saving Money As A Family

Family Money Saving

When your family grows to include little ones, the amount of disposable income you and your partner will have will seriously dwindle. Kids take up so much of your money, and without even realising it, sometimes! From school trips and uniforms to days out to keep them occupied, it all adds up and, if you’re not careful, your finances could be hugely affected.
There are plenty of ways in which you can save money as a family, though. If you cut costs in certain areas, you will have more cash to spare at the end of the month. Here are a few ways to start saving:

Affordable Uniforms

Head over to the George school uniform shop to kit your kids out with all of their back to school essentials. Avoid buying from specialist uniform suppliers, because you’ll end up paying a premium for gear with school emblems emblazoned on them. Most schools are happy for pupils to wear cheaper items, as long as they’re the same colour as their uniform requirements.
Shop wisely, and keep an eye out for any offers and discounts, and your money will go much, much further.

Meal Plans

With a little forward planning, you can save a bundle on your weekly shop at the supermarket. Make a list before you go to the shops so that you know exactly what you need, and don’t deviate from it – not even a teeny bit!
Sit down and create a meal plan for the week so that you know what ingredients you need to provide meals for all the family. This way, you won’t waste anything and you won’t spend on things that you don’t need.

Walk

It’s far too easy to just jump in the car and ferry the kids around to the various places they need to be. Whether it’s the school run, a trip to the local soft play or a visit to their friend’s house, if it’s nice weather, walk instead! You’ll save a bundle on petrol and car maintenance fees, and you’ll feel better and healthier, too!

Free Activities

Spending time as a family doesn’t have to cost a fortune. When the weekends arrive, you can visit attractions that don’t charge high entrance fees. Museums, country parks, forest walks – the list of free things to do is huge, and will mean you can keep your cash in your pocket for a bit longer!

Save Energy

This is one that every family member can contribute to. By being a little more conscientious when using electricity and gas, you can save a fortune on your energy bills. Turn the thermostat down by a degree or two, especially during the summer months, and turn off lights and appliances when not in use.
Saving money as a family can easily be done if you know how. The smallest savings soon add up and, before you know it, you’ll have more disposable income to play with. Holiday fund, perhaps?

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