Financial balance is an elusive pursuit. If yours is like many UK households, much of your income is spoken for, covering monthly outgoings. And when there is money left over at the end of the month, paying down debt and addressing one-off spending demands is enough to make it vanish.
Though budgeting and spending discipline are effective measures, creating a better financial outlook at home, cost-cutting isn’t always enough to balance your household cash flow. When your spend is under control, yet there still isn’t quite enough cash available to pay bills today and plan for tomorrow; generating some extra income may be the best way to get on track. Bloggers at thehumblepenny.com recently shared a diverse sampling of money-making ideas you can use to boost your household earnings.
Make Money Online
Remote work opportunities are abundant, including online tasks you can complete to earn extra money. Supplemental online earning opportunities are a good fit for working UK adults, because the flexible projects are easily integrated with existing schedules. Loans are also available for UK workers – even those needing bad credit financing. If you’re ready to put some extra money in your earnings column, start with these approachable chances to make money online.
- strong>Start a Blog – Blogging doesn’t automatically bring income; you have to put forth strong content and make a splash with readers. Maintained with money-making in mind, however, an impactful blog can be a lucrative source of extra income. Blogging is particularly appealing to working UK adults, because you can start slowly, without investing a substantial amount of time building the site. If you find it agreeable, you can always scale your blogging to generate more income.
- Complete Surveys – Information is more valuable than ever, providing data sellers use to fine-tune their products, services, and marketing strategies. Doing online surveys probably won’t make you rich, but trading your time and opinions for cash and valuable vouchers is a reasonable way to add value, without making major sacrifices. Expect to spend 15-20 minutes completing a survey, which each pay in the range of 50p to several pounds.
- Serve as a Virtual Assistant – Sites like Upwork connect freelancers working in various industries with clients needing help. Due to the widespread proliferation of social media and other channels of communication, businesses are expanding their use of virtual assistants in the workplace. Taking VA projects is ideal, because the work is home-based, drawing on diverse skill sets. Common VA duties include managing social media accounts and posts, writing copy, posting replies to comments, bookkeeping, and remotely answering phones. Not only can you earn money on one-off gigs, but it’s also possible to build relationships with clients, leading to ongoing work.
Find a Side Hustle
The expanding gig economy continues drawing workers to unconventional employment roles. More than ever before, UK workers piece together gigs and side hustles, comprising full-time employment. Even if you’re satisfied with your regular day job, you can still participate in the gig economy by finding your own part-time side hustle. When you need better financial balance at home, put your skills and interests to work earning money with these side jobs.
- Cleaning Services – The key to lasting side work is settling in a niche where there’s a genuine need for providers. Operating a cleaning service may furnish just such an opportunity, with a steady supply of customers. Whether you do the cleaning yourself or bring-on staff; the flexible side hustle lets you grow at your own pace.
- Photography – Photography and videography providers are in-demand, serving weddings and other creative needs. The industry is competitive – everyone is a mobile phone photographer these days. But with consistency and quality on your side, it’s still possible to connect with clientele and find enough bookings to make the side project worthwhile.
- Tutoring – Great for students or side hustlers with education experience, tutoring can provide an income stream, without up-front investment. Whether you choose to market yourself or align with a tutoring agency, the flexible form of self-employment can generate steady side earnings.
When your customary earnings fall short of your financial needs, adding another income stream may be your best course of action, restoring financial balance. From online gigs to creative side hustles, UK workers are finding ways to boost household income whenever cash flow lags behind monetary demands.