It’s the easiest question ever: Do you want more money in your pocket? The trick isn’t getting the answer correct but figuring out how to achieve the goal. Fortunately, even in challenging economic times, it’s possible to increase monthly income, decrease expenses, and come out in better financial shape. How?
While everyone’s life situation is unique, anyone who is currently paying on a college or personal loan can lower their monthly cash outflow by refinancing. Getting a better deal on auto and home insurance is another effective method, as is using e-coupons to save up to 10% off purchases of groceries and common household items. Some people create a one-time cash infusion by selling all their unwanted personal items on auction websites, while others snag extra income by doing online surveys. Consider the following tactics for creating financial abundance in 2023.
Reduce Monthly Expenses
The single best hack for chopping a significant amount off monthly bills is to refinance debt, like education and personal loans, or pay less for homeowners and car insurance. It’s easy to save on all those things when you can shop for the best deals and lowest rates on one website. Comparing prices, terms, conditions, interest rates, and other features of insurance policies and loans can be next to impossible if you need to navigate through dozens of different websites simultaneously. A one-stop solution makes sense and helps consumers get the job done more quickly and effectively.
Use E-Coupons Wisely and Regularly
The era of electronic coupons is finally underway. That means consumers who are willing to download a couple of basic apps to their phones and computers stand to save up to 10% on common grocery and household goods. But it’s essential to shop online with discounts and use e-coupons correctly. Test the coupon-based apps before committing to using them long term, and never pay money to join a coupon club. The best apps are free to download and simple to use. Some are more complex than others, but all of the top-rated ones deliver solid savings on thousands of consumer goods and services.
Sell All Your Unneeded Stuff
You won’t make a fortune with a one-time cyber or yard sale, but there’s a good chance you can give a generous boost to a savings account. The trick for getting results with personal sales is to use one or two of the top auction and direct sale platforms alongside an in-person garage or yard sale. Trash the worthless stuff, donate some items to charity, give a few away, and then photograph and sell everything that has a chance of fetching a reasonable price. Put larger items in a yard sale, but write short descriptions of all the online auction goods before posting them on an e-sale platform.
Do Online Surveys 1 Hour Per Day
People can earn upwards of $300 per month doing online surveys for corporations and marketing companies. If you already spend time surfing the internet, devote an hour per day to surveys to increase income. Sign up, at no cost, with about a half-dozen of the top survey sites with your email address. You can then check out daily opportunities on their main sites and receive notifications for higher-paying ones via email.