We’re living through a cost of living crisis, which means times are pretty tough for the vast majority of us. Even the basics are going through the roof. Accommodation, energy, fuel, food… Right now, many of us are seeking ways to earn more money and keep ourselves above water. This is fine and nothing to be ashamed of. Instead, it’s a challenge that significant portions of the population have to rise to right now. Of course, there are countless different ways to go about making additional money, and different options will suit different people, so here are a few pieces of guidance that may be able to help you on this road to financial security!
Finding a New Job
If your job isn’t keeping salary in line with inflation, you may find that you need to seek out a position that will pay you better. Of course, this is easier said than done, but it’s a feasible task and you could have some good luck along the way. Whether you’re considering staying in a similar role, but switching to a better paying company, or whether you’re looking for a completely new position, now is the time to hit the jobs boards. Here, you’ll be able to find positions ranging from store assistant to marketing manager to trucking jobs for veterans. You’ll need to take some time to whittle down your search, typing in keywords relating to the positions you’re interested in and using filters to reduce the scope to your local area and expected salary. Submit your CV or resume, respond to initial phone interviews and prepare for in person interviews.
Overtime and Promotions
If you’re happy in the role you’re currently in, but simply want more money, there are a couple of options that may be available to you. If you have free time and the capacity, and your company has the option available, you may want to look into taking on overtime. This will help you to work some extra hours in exchange for extra pay at the end of each month. If you feel that you are excelling in your role, you may want to push for a promotion or payrise. This could see you take on extra responsibility, but it can come in exchange for a higher salary or rate per hour.
You may want to look into side hustles that allow you to continue your usual job, earning your regular and guaranteed income, at the same time as making some money on the side. This needs to come with the prerequisite that you don’t burn yourself out. You can’t work every hour of every day. Instead, you need to make sure that you still balance your work life and personal life to ensure you have free time and time to rest and relax. Some examples of successful side hustles include freelance or contracted projects, a second part-time job or selling products that you make yourself on sites like Etsy.
Times may feel hard right now, but hopefully, some of the guidance above will help you to keep your finances in the black!