Money is a bit of a tricky one. It’s still considered as quite a ‘taboo’ topic, meaning it’s not always easy to speak to loved ones about it or ask for advice. People can be embarrassed about things like debts and poor credit scores, or find it a bit crude to speak about earnings meaning most of us tend to keep quiet about what’s going on in our bank accounts. But it’s a shame we need to feel this way, as when things go wrong or we just need a little guidance, it can be difficult to open up and speak about the situation. If you’ve found yourself in a position where you want, or need to earn more money, sort out your finances, get out of debt or save money, here are some ideas for going about it.
Look for progression routes within your career
One of the most obvious ways to make more money is to progress in your career. Most of us have to spend a huge part of our week in the workplace, and so being able to earn more money while you’re here will of course positively impact your budget. It’s easy to get stuck in a rut when it comes to work, so have a think about what your next move will be. Can you take on extra training or education which will allow you to take that next step of the career ladder? If you speak to your boss, they will be able to give you some insight into what your next steps could be to move up in the company. If you’re in a dead end job, changing careers completely might be your only option. This might involve taking a worse paying job to begin with right at the bottom of a company, but over time working your way up. Being able to earn more in your career will give you more financial freedom, in many cases you won’t even need to do any extra work or extra hours to earn it- you just have more training and skills as you go on. You have that guaranteed wage every week, not to mention career progression feels great as it’s all about you reaching your goals.
Earn money from home
This day in age, it’s perfectly possible to earn a decent amount of money right from your own home. Whether you’re looking to solely work from home or just earn yourself a little extra pocket money there are a number of ways it can be done. Freelancing is one option, first you need to sign up to a site and then apply using the skills that you have. For example, if you want to write articles then you’ll be tested on this before being accepted. Freelancing jobs can include everything from article, blog and copywriting to web and app design, social media management and much more. There are both long and short term projects available and while each piece will have a deadline you’re in control as you can choose how many you take on. Other ideas for earning money from home include starting a blog and starting a Youtube channel. While these things will take time to get established, they make great hobbies to begin with and then later on they’ll start earning you cash in the form of sponsors. This is when companies pay you to link to or mention their products, as your site has the ability to influence others.
Start up a business
Starting up a business is something that many of us dream of. You’re no longer stuck in the rat race, you’re completely in control- you get to pour your passion, creativity and skills into something that genuinely means something to you. You’re no longer carrying out someone else’s dream, but working towards your own. Of course, there are always pros and cons to this- unlike as an employee, being a business owner is risky. If you don’t make enough money they you’ll struggle, there’s no guaranteed wage to fall back on. There’s no boss to ask for advice, and if things go wrong, not only could you go bust but you could actually end up in significant debt. With that being said, there’s plenty of help and advice out there and if you plan properly you could well open a very successful venture. You could start your business from home and once it’s up and running, look into moving to commercial premises. Over time if you continue to do well, you could even purchase your office or have it built so it’s customised to what you do. It sounds complicated but can actually be easier and cheaper than you might think. Find a plot of land with commercial planning permission on it, have an architect draw up your plans and use tradespeople like Caslec Industries Pty Ltd to fit the electrics and everything else. Since everything will have been designed and built with your business in mind, you’ll be more productive and do more effective work.
Spend your money more wisely
Finally, when it comes to money, earning more is only one part of the equation. If you’re constantly overspending then you’re never going to be able to save and might even find yourself getting in debt. Budgeting is an important part of managing your money, and this is something you should do regardless of how much you earn. Sit and work out exactly what you need to spend on bills each month, ideally you’ll set these to come out of a separate bills account by direct debit. This means that every payday, you make one transfer to your bills account and then everything comes out automatically from there- it saves you from having to remember to make lots of bills payments and potentially forgetting things. It also means the money is in a separate account so it can’t accidentally be spent on. Being organised like this means that everything is always paid in full, on time and you don’t end up getting into a pickle with your cash.