How to Double Money in One Month
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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?
- Stock Market. Investments made in the stock market have always given a high rate of returns to people.
- Mutual Funds (MFs)
- National Savings Certificates.
- Corporate Deposits/Non-Convertible Debentures (NCD)
- Kisan Vikas Patra (KVP)
How can I double my money in 21 days?
How can I turn 10000 into money?
- Open a High-Yield Savings or Money Market Account.
- Invest in Stocks, Mutual Funds, or Bonds.
- Try out Real Estate Crowdfunding.
- Start your dream business.
- Open a Roth IRA.