An essential ingredient in frugal living is spending less money. However, there is only so much you can cut from your budget before you can’t cut anymore — or you feel so restricted that it becomes difficult to maintain your situation. If you are looking to improve your cash flow, you can look for ways to add a little more income to your budget.
Increasing your income doesn’t mean that you have to go out and find a part-time job, though. There are things you can do from home to make a little extra money. You may have to spend some time getting things started, but after a while, you might find that you can create a steady income from the comfort of your home.
One of the most popular things you can do is freelance. You can freelance if you know how to write, if you are knowledgeable about graphic design, or if you know how to program. Technology has made it possible for you to provide your services to people all over the world. Many of my own clients have never even met me in person. Improving your marketable skills will be even more important now that you are taking in clients, and you need to be careful of scams and people who don’t pay you in a timely manner, but with a little perseverance, you can earn some money as a freelancer.
2. Start Your Own Web Site
Another way to make a little extra money is to start your own web site. Think of something that you are passionate about, or that you are knowledgeable about. You can start a blog or web site quickly and fairly inexpensively. Post information that others find useful, and consider tweaking content to focus on certain keywords. You can even look for good information from other sites, and curate it in a way that attracts visitors. Content curation and creation are expected to really take off, and you can be involved.
Monetize your web site/blog with AdSense, as well as affiliate programs. Once you have an established following such as a site like MoneyNing.com, you can even begin offering advertising packages.
If you know a lot about something, you can offer your services as a consultant. You can do PR and image consulting, or you can provide help as a SEO consultant or social media guru. It doesn’t even have to be online. You can base a consulting business for communications, teamwork, survey design, green living or some other subject of interest out of your home. You may have to travel sometimes, though, so that can get difficult because of the time and money involved in doing so. Luckily for you, we have a ton of travel coupons to help you save a bit at least on the financial side of things.
Consulting is also tricky, since you will have to be able to deliver results and prove your expertise. But if you have the credentials, you can be a successful consultant — and do it all from the comfort of your home.
There are plenty of other opportunities to work from home as part of your frugal lifestyle. Companies are outsourcing some call center jobs to home workers or you can be a virtual assistant. I’m sure you can think of plenty of other opportunities to create a little extra income each month.
What thoughts do you have on working from home?
You may also want to read: 10 ways to make extra money.