New Year Resolution: Make More Money

by Miranda Marquit · 0 comments

One of the cornerstones of the frugal lifestyle is spending less. However, while you are making your New Year Resolutions to spend less, and cut costs, consider this as a resolution: Make more money.

While you do want to focus on reducing your expenses, or at least cutting out the items that are least important to you when it comes to your spending, don’t limit yourself in terms of improving your finances for the new year. Also consider that you could improve your situation with the help of a higher income.

Decide to Make More Money

Now is a great time to make more money. We’ve reached a point with technology that traditional boundaries don’t apply when you are trying to make more. You can start a home business, monetize your hobby, or even make money on a web site. While you can get a part-time job, or do odd jobs around the neighborhood for extra cash, you aren’t limited to those items.

Figure out what you can do, and then decide that you want to make more money this year. It doesn’t have to be a lot of money, but it can be enough to help you accelerate your goals. Would more money help you pay down debt faster? Build up an emergency fund? Take a family vacation?

Think about the most important ways that a little more income could help enhance your life, whether it’s maxing out your retirement account contributions or making improvements on your home. This will give you the motivation to decide to make more money, rather than get stuck with the idea that the only thing you can do is cut a little bit more.

Ideas for Making More Money This Year

Here are a few ideas that can help you make more money this year. Not all of them have to do with starting a side hustle, either:

  • Pick up one extra shift each week at work.
  • Develop a marketable skill that can translate into a pay raise.
  • Do what you need to do in order to get a raise.
  • Sell handicrafts online.
  • Clear out the clutter in your house and sell what you can.
  • Start a web site and monetize it.
  • Do small, odd jobs for people on Fiverr, or sign up at Mechanical Turk.
  • Start a side business.
  • Work on a creative effort that will result in royalties.
  • Start building an income portfolio.
  • Get a part-time or weekend job.

There are a number of ideas that you can employ to make more money. The good news is that making more money, whether it’s $50 a month or $2,000 a month, is possible. Think about how even a small amount of extra money could benefit you. You might be surprised to see how far an extra $75 or $100 can go each month. Think about it, and consider ways to put your skills to best use.

Frugal New Year Resolutions don’t just have to be about new and creative ways to cut your expenses. They can also be about new and creative ways to make more money.

Bonus Tip:

You can seriously cut your Internet and TV costs. Find a Verizon FiOS promotion code here and you might be able to spend less every month.

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