Do you find yourself somehow dragging yourself to survival by the end of every month? Are your expenses casting a huge hole in your pocket and you got no idea where your money is going? Then you need to reconsider your income and try to increase the amount which you are getting.

  1. De-Clutter Your Surroundings

Of course, the first rule is to cut out extra unnecessary expenses but it is a very common method and let’s faces it, we all fail at the end of the day. But, if you really want to accelerate your income, you have to think of something out of the box.

There are basically a huge lot of items that we end up buying but never look at it again. These items unnecessarily clog up the required space which can be put too much better use and can also make you feel gloomy and regretful at some point. The best way to win in this situation is to sell off those items which you no longer require. From clothes that don’t fit you or your family members anymore to books that you no longer need, you can sell off the extra trash out by putting them up on eBay or Craigslist or set them up in your garage to sell them off. This method will instantly generate a lot of income that you can use in the long run and also gift you a lot of free space.

  1. Earn Money through Carpooling

Try carpooling with a reliable friend and take turns using your or their cars to pick up other colleagues to commute between office and back home. It is a great method as your colleagues will take care of the gas that is used while you and your friend save up a lot of cash. You can also do this solo if you have a very reliable car, propose a pick and drop service from home to office and vice versa provided that your colleagues take care of the gas.

  1. Utilize Your Free Credit Card Rewards

If you have been using a rewards credit card, you may have some accumulated cash-back points rewards that can be used for gas, groceries or other purchases. Find out how much money you can redeem by viewing your statement, and spend it wisely.

  1. Pick up Your Unclaimed Cash

You may have some unclaimed cash waiting to be collected by you in the form of a missing paycheck, utility security deposit or an annuity you didn’t know you were presented with. MissingMoney.com is a website where you can check up if you have any such unclaimed money waiting for you and if you got lucky then you may hit up a fortune or may discover the expenses for this month.

  1. Try Saving up Money by Doing Some Stuff Yourself

DIY has recently been blooming in the market for all the right reasons. Why pay extra for something that you can do by yourself and then utilize that money to reward yourself for your efforts? Some of the household chores and errands which usually need employees can save up a lot of cash if you decide to do them yourself. Works like gardening, cleaning your house, painting your walls can all be done by you without having to spend extra cash on employing workers. Plus, it adds a touch of a personal feel to everything. And if you find something you are really good at, you can always acquire extra cash from doing that work for your neighbors, friends, family, etc.

  1. Try Selling Your Blood

If you are not afraid of needles and you are under the local health code mandates you can easily earn some extra money by donating some of your blood or plasma. There are a lot of organizations that pay almost $50 dollars or even gift cards for the required amount of blood or plasma. Do not forget to check up with your doctor before undergoing this process.

  1. Complete Online Surveys

One of the easiest and common methods to earn money nowadays is taking up surveys when you have a diversity of knowledge or opinions to share on a wide range of topics. There are a lot of websites which pay users for taking up surveys.

  1. Return Necessarily Purchased Items

Turn in most of your impulse buys that have been lying around your house without even being opened or used and convert them into ready cash or exchange them for items which you want to buy without having to spend extra cost. If the seller won’t accept your item or redeem money back, you can always sell them online.

  1. Rent Your Parking Space

If you have extra space in your parking lot, rent it to someone and earn extra cash. Not enough space? Park your own car in a street parking and get both benefits.

  1. Take a Part-Time Job

When you have some extra time to spare, you can always take up a part-time job to curb extra expenses. So, these are the different ways in which you can earn money in one month. Thankfully, there are a lot of ways in which you can double your money so that you always have some amount to spare and keep it in your piggy bank.

How can I double my money in a month?

Here are some best 5 ways to double your money fast.
  1. Stock Market. Investments made in the stock market have always given a high rate of returns to people.
  2. Mutual Funds (MFs)
  3. National Savings Certificates.
  4. Corporate Deposits/Non-Convertible Debentures (NCD)
  5. Kisan Vikas Patra (KVP)

How can I double my money in 21 days?

ROI – Rs 15000/- – Rs 50000/- of investment will get 10% return per month, Rs 50000 and above of investment will get 14% return per month for 101 months.

How can I turn 10000 into money?

Here are 5 smart ways to invest $10,000:
  1. Open a High-Yield Savings or Money Market Account.
  2. Invest in Stocks, Mutual Funds, or Bonds.
  3. Try out Real Estate Crowdfunding.
  4. Start your dream business.
  5. Open a Roth IRA.

How much money do I need to invest to make $3000 a month?

By this calculation, to get $3,000 a month, you would need to invest around $108,000 in a revenue-generating online business. Here’s how the math works: A business generating $3,000 a month is generating $36,000 a year ($3,000 x 12 months).

How much do I need to invest to make $1000 a month?

For every $1,000 per month in desired retirement income, you need to have $240,000 saved. With this strategy, you can typically withdraw 5% of your nest egg each year. Investments can help your savings last through a lengthy retirement.

Is $10000 in savings good?

Absolutely, $10,000 is a good amount of savings for a 21 year old. The majority of the individuals and families in the world have not been able to amass $10,000 in their savings. At your age, you should probably consider taking at least 3/4 of those funds and investing the funds so you can make additional money faster.

Can I retire at 55 with 300K?

The short answer is, Yes. It is possible to retire at 55 with 300K in the UK. Simon Garber, a Pensions and Retirement Specialist says, ‘It can be done.

How much is too much in savings?

In the long run, your cash loses its value and purchasing power. Another red flag that you have too much cash in your savings account is if you exceed the $250,000 limit set by the Federal Deposit Insurance Corporation (FDIC) — obviously not a concern for the average saver.

Can you turn 10k into 100k?

So yeah, you can turn 10k into 100k, but it’ll require either a lot of hard work/brains/luck (which you could also just use to get yourself a job that pays you well and you could save up 100k in 2 years or less if you really want to), or it’ll require ridiculous amounts of luck.

Are savings accounts worth it?

The primary drawback to savings accounts are the relatively low interest rates your money earns. For longer-term goals like wealth accumulation, a savings account might not be the ideal option. CDs pay more, but you need to lock up your money to earn the highest rates. Money market accounts may also make sense.

How much interest will I get on $1000 a year in a savings account?

How much interest can you earn on $1,000? If you’re able to put away a bigger chunk of money, you’ll earn more interest. Save $1,000 for a year at 0.01% APY, and you’ll end up with $1,000.10. If you put the same $1,000 in a high-yield savings account, you could earn about $5 after a year.

Can I lose money in a savings account?

In short, yes you most likely are. If you are using a savings or checking account to hold the majority of your assets, in this case, cash, then over time you are losing money in relation to inflation.

Should I have 2 savings accounts?

Having multiple savings accounts for each of your savings goals is a good idea regardless of current interest rates, Kulak says.