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4 Places You Should Look for Extra Income

4357234437_31d8ff8b55_zEven if you already have a full-time job, being able to make a little bit of extra income from time to time is a great way to pay for some of the extras you desire, like a family vacation. Making a little extra money can also make paying the bills that much easier.

Plus, extra income is a great way to be able to save some money in your emergency fund for later on down the road. While making extra money on the side might take some effort and hard work on your part, the rewards are almost always worth it.

Here are four places that you can look for extra income to help boost your savings account.

#1 – At Your Current Job

The easiest place to find extra money might just be the place where you already work. Since you are already an employee, one of the biggest barriers to making extra money has already been taken care of – in that you have a go-to resource.

You could ask for a raise for the job you already do, or see if there are any opportunities for advancement within your organization. If neither of these options is available, it might be possible to simply take on a few overtime hours to add to your paycheck instead.

#2 – Look Online for Extra Income

One of the challenges in making extra income is being able to find the time in the day to work your regular job and also do other work for your side hustle. That is what is so great about working online. You can do a variety of jobs on the internet, and many of them can be completed from the comfort of your own home.

You do need to beware of employment scams on the web. If the ‘job’ requires you to pay them money upfront for the opportunity to work, you should move on and find a different option. With that being said, there are plenty of places to find jobs online. If you don’t know where to start, sites like Elance or Freelancer.com are relatively good places to start. If you’d rather not work for the extra income you can always use a cash back site to earn some money for your shopping. You can sign up for sites like Swagbucks  – which allow you to get cash back for things like taking surveys or shopping through their portals and both offer $5 new account sign-on bonuses to get you started.

#3 – Teaching Lessons

Do you have some kind of specialized skill that others would like to learn? It could be something you have learned during your career, like technology skills, or even just a hobby that you are skilled in, like playing the piano. Whatever it is, there may be a market to teach your talent to others.

Giving lessons is something that can often be done on weekends, or in the evenings when you are done with work. Not only is this a great way to earn some extra money, but it also could be very rewarding when you get the chance to teach others something that you are passionate about.

#4 – Education

At some point, it might become necessary to add to your educational background in order to find ways to make more income during your career. If you are blocked from moving up any higher in your current company because of your level of education, you could consider going back to school to obtain an additional degree.

This will require hard work and dedication to complete while you are still working, but plenty of people have achieved it successfully. Before you get started with further education, make sure you have a clear understanding of the degree that you are going to work towards, and how exactly it will lead you to additional income down the road.

 

Where would you look to earn extra income? Have you ever earned extra income from one of these sources? Is going back to school a good idea to earn more at your current career?

 

 

Photo courtesy of: Robert Fairchild

 

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John Schmoll is a Dad, husband and veteran of the financial services industry. He's passionate about helping people learn from his mistakes so that they can live lives free from the shackles of debt and empowered to make their money work for them. You can check out his other sites: Frugal Rules, for ways to improve your financial literacy; and Sprout Wealth for tips on different ways to make more money. John has been featured on Forbes, Lifehacker, Yahoo Finance and US News & World Report and more. If you're wanting to grow your blog, check out my blog coaching services to see how I can help you take your site to the next level.

8 comments

  1. I totally agree with the job statement. As long as you have worked for the company for more than a year and you have contributed and done well, you should not be afraid to ask for more money. The worst they could do is tell you no, but I know so many people who took that shot and heard yes instead.
    Shannon @ Financially Blonde recently posted…Music Mondays – SexyBackMy Profile

  2. Another place to use for online income is definitely Fiverr. I have heard how people have successfully even paid off their student loans just doing their freelance work.
    And the truth is, education and just learning new skills in general is very important. In order to be successful, you have to be constantly learning.
    Reelika @Financially Wise On Heels recently posted…Grow a Business with 20 Free Resources – Reader Question AnsweredMy Profile

  3. There are a few ways I’m making extra money. My website is a big one, that brings in $1,000-$1,500 per month. Then there’s some woodworking I do for fun that brings in a few $’s. I also use some online sites like Swagbucks and Clickworker to make a few $’s too.

  4. I look for extra income online. This is the best place to get this extra income we want. What I love about it is that clients go nowhere but online. I think the current job is really a cool idea especially the company has some sort of a work-from-home program.
    Jayson @ Monster Piggy Bank recently posted…5 Ways to Make Money OnlineMy Profile

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