Below are 3 things you can do right now to get more money. These will not be side hustles, or huge amounts of money but they will save you money over time and thus increase your income and allow you to become more financially solvent. As a reminder any finance advice you see on this blog is my opinion only, based on my decades of experience in the finance industry. Before making any financial decision always obtain as much information as you possibly can.
- Consumption apps: What does this mean? Simple example the Starbucks app. If you consume coffee, food, gas and you frequent a particular place regularly you should see if that place has an app that offers discounts. So many of them do now, drug stores, grocery stores, fast food, sit down restaurants you name it. What many of them do is offer you discounts based on your purchases. If you are going anyway why not? Do not go out of your way to buy more, just keep your consumption at its normal level and take advantage of their promotions and you will over time save money.
- Health plan reimbursements: Many health plans have an annual reimbursement for gym memberships, and working out. If as an example you walk regularly, you can have your doctor sign a letter stating you do so and submit it to your health plan. Many health plans give a % back to you of your cost (gym membership, shoes) or have a flat reimbursement annually $100-$1000 if you prove you were exercising preventatively. This can mean basketball league, after work softball, a gym membership, a martial arts class, yoga instruction. Even several state sponsored and federally sponsored health insurance plans have this kind of reimbursement.
- Sell stuff you aren’t using: Old golf clubs, Clothes, kids toys, pets supplies as examples. There is an entire economy out there on EBay and craigslist (and others) of people buying and selling used items. It’s not hard to set up an eBay account and sell things, with the internet you can get a good idea of the value of items as well. It maybe that you have an old leather jacket in your closet you haven’t worn in years and don’t plan to. What if that sold for $75 on EBay?
Bonus Tip!
Look through your stuff and see if you can identify hidden gems. Have an old comic book collection? An antique watch? A vase from your great grandmother? Some of these items may be worth a lot of money. Ever see a show called the Antiques roadshow? Most of those people have no idea what they have, and who knows, maybe that random painting you have in storage is worth something….
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