Today, we have more on our plates to pay for than ever before. Everything has inflated and we never seem to feel like we’re catching up. Once you’re in debt it snowballs. But, there’s good news on the horizon. Here, we’ll spill the tea on how you can grow your income in 30 days to pay off more debt.
First, we should give you a bonus tip to start with. The only logical thing to do when you want to pay off more debt is to decrease your expenses. We suggest that you take the time to list all of your expenses and consult anyone that shares the expenses. Then, start reducing or eliminating any debt that is an unnecessary expense Even if it’s short term it’s a great help.
For example, do you have any bundled items? Cable, phone and internet is typical. You could change companies, or negotiate a better plan. Maybe go out for one less meal or after-work drinks per week. You get the idea. The more you can do to cut expenses, the easier the extra work will be on you.
Other things you can do is to pay your bills on time and don’t over draw on your accounts. One thing that piles up and steals your money quick are overdraft fees. Ask them how you could avoid fees. Changing banks for a credit union may not be a bad idea, at least for some accounts.
Consult a debt specialist company like Jayhawk Advisors that know how to address your unique needs.
Here are your ways to increase your income to pay off more debt
Have a job? Go straight to the horse. Yes, that means ask the boss for a raise. Don’t just march in unprepared though. Inspect yourself as if you were working for you. Would you give you a raise? If so, why? What’s your value to your company?
Are you getting benefits at work? If you aren’t getting enough out of it and you can trim the fat off your outgoings for certain benefits, that would also help.
A second job is better today than ever. Why? If you can write or you love video or graphic design, even as an amateur, you can make extra money a few hours a week from home online. You can even be an English tutor without a degree! Just Google teaching jobs online no degree and you’ll see the list. Be a freelancer for any of these things on Upwork or Guru.
Be creative and make money with a hobby. Is there something you do on the side for fun that you can monetize? Are you a crafter or painter? Weekends at the craft fairs and farmer’s markets are a great start.
If you do have a craft hobby and want to sell it online, open an Etsy shop. This is great if you have a social media account. You can join groups and share your shop. This gets it out there when you’re a newbie faster.
What about those long-lost skills of yesteryear? Did you play a mean Jazz Sax in your heyday? Then why not give lessons on the weekends? Some people pay a mint to learn certain instruments.
Do you know a little about a lot or have you mastered something? Why not start an official tutoring business? In fact, you and your partner, spouse or friends can form a business that offers a variety of subjects.
Do you work in an office, call center or somewhere that you perform administrative duties all day? Or, maybe you learned admin and project management skills years ago. If you can learn the basic computer programs and project management platforms then you can be a Virtual Assistant.
Feeling a bit adventurous? Do you love to drive and are a social person? Then why not drive part-time for Uber or Lyft? They’ve really restructured their driver payment structure since they first started.
Finally, make sure that you’re getting the best out of your tax deductions. If you’ve always done your own taxes, now is the time to hire someone else. A CPA or financial professional that knows how to squeeze every last dime out of a refund for you.
You also may want to consider being able to make one monthly payment with a financial company like Jayhawk Advisors who will prioritize your unique needs with low interest rates.
These are only some of the most popular ways to increase your income so you can pay more of your debt off. Use them for inspiration. Today, the technology we have, married with the gig economy, should bring optimal success in your income growing venture
