Boost Your Savings by Increasing Your Income

While we would all love to put some money aside in our savings for a rainy day, many people find this difficult. This is not because they don’t have the willpower to save, but rather because they simply don’t have enough money leftover each month to put aside in. This can create a problem if unexpected costs arise, or if you need to save up for something.

Fortunately, with today’s suburban lifestyle where most people have ready access to the internet, you can do something about the situation. If you are serious about saving, you can try earning more money online. In this article, we will look at some of the ways you can boost your income and save money with the help of modern technology.

Ideas for Boosting Your Income

So, what can you do to boost your income? Well, these days people go online for all sorts of financial reasons, like getting a loan, arranging commercial vehicle financing, and getting debt advice and budgeting. Another reason why people go online is to make money, and there are plenty of ways in which you can do this.

One of the things you can do to make some extra cash in your spare time is to use the skills you already possess. For instance, if you are a good researcher and enjoy writing, you could offer your services online to individuals and businesses looking for content writers. In today’s digital age, there are plenty who are looking for this type of service so you could make some serious cash. In fact, you could even turn it into a regular part-time or full-time career if it takes off.

If you have technical skills and you enjoy being creative, you may want to offer your services as a web designer in your spare time. Again, because of the age we live in, businesses are always on the lookout for good, affordable, and reliable web designers. If you can offer these qualities and you have the skills (or can learn), this is a great way to make some extra money. As with content writing, you could turn this into a part-time or full-time career, and you could work from a home office.

Finally, if you want to make money as a one-off to help boost your savings, you could sell items you no longer want or use online. Most of us have items that we do not use any longer, from DVDs and books to clothing, kids’ toys, furniture, and more. One man’s junk is another man’s treasure, as they say, so you could sell this online and make some money. At the same time, you can clear your home of clutter.

Get Your Savings Underway

No matter what sort of online job you choose, you can look forward to it as a practical means of generating more savings. You can then benefit from greater peace of mind, as you will some money put aside in case you need it.

5 Ways To Get Cash When You Need It Fast

Unexpected expenses always seem to pop up at the worst times. You may be in between paychecks, or need a lump sum of cash to pay off other bills, and need to make some money fast. Emergency car repairs or medical bills can wipe you out unless you have a way to get cash quickly.

With a bit of ingenuity and effort, there are plenty of ways to get extra funds when you are in a bind. While you may want to avoid scam-ridden deals that you find at many payday loan lenders, there are other options that can get you back in the black faster than you may think.

Sell some of your stuff at a garage sale, talk to a private lender about title loans in Bakersfield or join a research study to make cash fast. Take a look at some of these quick and easy ways to make some money when you really need it.

Garage or Online Sale

Gather all of your unwanted items and set them out for a garage sale. This is a great way to clear out your clutter and purge your home, garage and basement of the things that you no longer need. Barter with buyers for the best price and start collecting money right away.

Go online to a popular auction site like LetGo or eBay and advertise your items for sale. You can have a buyer in just minutes and money in your bank account right away.

Blood or Sperm Donation

There is always a need for blood donations. The Red Cross is always putting on blood drives to help keep their blood banks full and operational. Visit your local blood bank and sign up to donate blood or plasma. You can donate up to once a week. The compensation isn’t much, but it can get you started.

If you donate sperm, the compensation is much higher. In most places, a sperm donation will pay around $200. If you qualify, you can donate as often as you wish. Women have the option to donate their eggs, however, the process can take several weeks and isn’t as quick a solution to money issues.

Title Loan

If you own your own car, boat or RV you might qualify for a title loan. This type of secured loan is easy to get, especially if you have poor or no credit. Your collateral acts as a guarantee on your loan and can get you a larger lump sum in less than 48 hours.

Fill out a simple application, decide what you want to put up as collateral and collect your cash. It’s really that easy. As long as you keep to the payment schedule on your loan, you will retain ownership of your collateral.

Sell An Asset

If you need a larger lump sum, you might consider selling an asset. Selling will often bring you a larger amount than a secured loan. Advertise your asset including items like a vehicle, your boat, recreational vehicles or a piece of valuable art for sale. Take advantage of the online market to reach more potential buyers.

Participate In A Research Study

Private companies and educational institutes are always looking for people to participate in their research studies. Visit your local college websites to view listings of interesting studies that you can be a part of. Research studies can include testing out trial medications, taking part in a behavioral study, or psychological testing.

Should You Pay Taxes with a Credit Card?

pay taxes with a credit card

You can pay your taxes with a credit card. Should you?

Every single year when I do my income taxes, I think about the things that I should do differently. For one thing, I always buy tax software. However, I could use the IRS eFile tool for free. I’m a creature of habit and making the switch challenges me. Nevertheless, it would be a financially smart thing to do.

I also typically pay taxes with a credit card. I’m aware that it’s doesn’t make the most financial sense. I do it anyway. That’s something I really need to look at it if I truly want to stick to my frugal living goals.

It’s Convenient to Pay Taxes with a Credit Card

Sometimes I pay a little bit more for convenience. That’s part of frugal living. I’m not trying to get the cheapest thing all of the time. I’m just trying to “trim the fat” to make sure that where I spend money is where it makes sense to do so. Sometimes convenience makes sense.

It’s definitely convenient to pay taxes with a credit card. I see what I owe. I enter the credit card information. It’s all done. I don’t have to worry about whether or not I have enough money in the bank to cover it. If I don’t, then I’ll move money around later to pay that card off. You can’t do that if you pay with a check; you have to have the money right then and there.

I Like My Credit Card Rewards

I have a good cash back credit card. My rewards accrue all throughout the year. I don’t touch them. Then, come December, I have a nice chunk of cash back money that I can use. December is a tough month financially for almost everyone. I also have several big annual bills that come due around then. Plus, as a freelancer, it’s almost always my slowest income month. Therefore, I love using those rewards.

When I pay taxes on a credit card, I get a nice bit of cash back. I don’t need it in the spring, but I’m really happy that it’s there come December. Therefore, I do like that aspect of paying taxes with a credit card.

The Rewards Don’t Outweigh the Fees

Here’s the thing, though. If you pay taxes with a credit card, then you’re charged a fee. You can’t pay the IRS directly with a credit card, so you have to use a processing service. The fee varies depending on the service you use. According to the IRS, the fee is sometimes deductible. However, that’s not always the case.

In my experience, the fee almost always costs more than the rewards I get back on my credit card. If you have an excellent cash back card then you might still get a little extra money. At the very least, it might even out. However, if you’re trying to pay with a credit card just to get cash back, then you should be aware that you probably aren’t doing yourself any financial benefit.

If you’re using a cash back rewards card, try to use one that’s got at least 3% cash back. Moreover, check with the processing service to see if the fees differ depending on the card that you use. For example, the fee is sometimes higher for American Express, so you might want to pay with a different card to keep costs down.

If You Don’t Pay the Credit Card Immediately, Then You Really Pay

It isn’t cheap to use your credit card. I usually pay my balance in full each month. Therefore, I don’t pay a lot of money in interest. However, if something goes awry, those interest charges can add up fast. If you do pay your taxes with a credit card, make sure that you don’t rack up a bunch of interest fees by failing to pay that card balance off quickly.

You can set up a payment plan with the IRS. Therefore, if you don’t have the money to pay your taxes right now, then you shouldn’t go straight to a credit card. Save money by working directly with the IRS instead, where the fees will be considerably lower.

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