Have You Considered Every Avenue To Top Up Your Savings?
When you’re trying to save some money, and put it away for a rainy day, you may feel as if you’ve only got option to do this with. And that’s saving a portion of your salary each month. When you’re saving away and putting what you can into your savings account, you may notice that it’s just not topping itself up at the rate that you’d like it to. As much as it frustrates you, you may think that there’s nothing you can do to change that. But there might be. If you’re serious about putting money away, then there may be a few other avenues you could consider to make bigger contributions.
Get A Pay Rise
If you’ve been on the same salary for a while, it may be time to speak to your boss about an increase. It’s easy to think that to make more money, you need to move jobs. In some cases, that will be true. But not all. If you’re good at your job and your boss values your hard work, then they may be more than happy to give you the increase that you’re looking for. But to find that out, you have to ask them. As scary as it may seem, if you know you’ve got a good case for why you deserve the raise, just ask. Because the worst thing that can happen is that they’ll say no.
Sell Your Stuff
Next, you could think about having a huge clear out and seeing what extra money you could make from the things you own. If you’ve got old clothes that are in great condition, or anything for around the home, or even old kids toys, you could make a good chunk of cash to put away by having a garage sale or even listing things for sale online.
Start A Side Hustle
If you work a 9-5 job and you find yourself with a bit of spare time in the evenings or at the weekend, then why not think about starting a business venture on the side? And we’re not talking about a multinational conglomerate here, just something that you can use your skills and interests to create, that you can earn some money from, like writing, baking, or even buying and selling vintage clothes.
Speak To A Professional
But what about money that you could be entitled to without really thinking about it? Speaking to a professional such as Techmeier Law Firm about money that you could be owed. Or you may be interested in speaking to a financial expert to see if there’s a better savings account for your cash.
Then, you could also think about giving stocks and shares a go too! Even if you’re not an experienced finance professional, simple have a read up on online investing for beginners guides and get started. You never know how much more you could make to add to your savings if you’re just careful with the kinds of investment risks you take.