Frugal Living

Simple Ways To Make Some Extra Cash For Your Family

You might need to find ways to make a little extra cash at the moment or just enjoy being frugal. It is always nice to know you have some extra funds for your family to be able to spend money on the things you all enjoy together. So here are some ideas that could be useful. 

Review Your Finances

It might seem obvious but the first thing to do is review your finances and see how much money you are spending as a family each month and what is left over to spend. Are you able to put aside money in a savings account too? If you do not know how much you have left over you will not be able to save accordingly for something that you need or want like a new family car or a holiday. 

Creating a spreadsheet and writing things down will allow you to see where the majority of your money is heading each month and if there are any areas you can tweak to save even more. 

Sell Any Unwanted Possessions

You are bound to have accumulated lots of possessions over the years, whether it is children’s toys, clothing, shoes, dvds or excess furniture. You could easily set up an online account or download an app to sell items that are in good condition to someone else who could make better use of them. There is not much point keeping items that you will no longer use and are just taking up space. It is also an easy way to make a bit of extra cash. 

Invest In Stocks and Shares

If you have some money aside that you are happy to invest in then why not try using it in the stock market. This can be a good way to increase your investment over time. It will of course fluctuate over time so there could be slight dips in shares as well as increasing. You could begin by opening an online account to invest in. 

Another way to help you invest in the stock market is to use an automated trading platform which uses the computer’s algorithm to identify how the market is doing. The benefit of this is that you would not need to sit at your computer and wait for the market to change as the software would be able to check for you instead. 

Consider Your Skill Sets

Are there any hobbies that you enjoy that could provide an extra source of income? For example are you good at making jewellery, personalizing t-shirts, or knitting baby outfits that you could sell online? There are websites available where you could sign up to, to sell any items that you create as a way of earning some extra cash. If it is a hobby that you enjoy it will not feel like a burden as you would be spending time doing something you enjoy as well. 

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