How to make more cash

Article By: Kabous le Roux

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Almost 300 000 jobs have been lost since the start of the recession, while the cost of living continues to spiral out of control. Our incomes are shrinking (Bonus? What bonus?), but the bills certainly aren’t.

I often wax lyrical about the need to spend less than you earn. I’ve written extensively on how to save money, but pinching pennies will only get you so far. It’s certainly much harder to do, but you’ve also got to, if you can, do your best on the ‘earning more’ part.

If you’re one of the unlucky not-so-few who’ve been retrenched, or your job is simply not paying enough for you to make ends meet, the suggestions in this article are meant to stimulate your mind into thinking about how you can augment your income.

Most of what I propose can be done even if you’ve got a full-time job. I’ve tried adding as many useful suggestions as I could come up with, so if you click through to all eight pages there should be something in here that fits your personality and skills.

Please feel free to add to my list by commenting below this article.

It’s not easy to make extra money, but it can be done if you’re creative. Here’s how…

1. Ask for a pay increase

If you’ve got a job, asking for an increase is an obvious way to increase your income. If you’re doing great work make sure everyone knows it, especially your boss. Think carefully about why you deserve to get a raise. Remember, you’re not entitled to one, so don’t be emotional and don’t threaten to resign. Convince your boss that it’s in her own interest to keep you happy and that she’ll be the one reaping the rewards of granting your request.

2. Get promoted

Take pride in your job and always do your very best. Be sure that everyone knows how well you perform and how vital you are to your organisation. Take extra classes to sharpen your skills and marketability. If a position opens up in your company, go for it! By taking on more responsibility you’ll be earning your raise.

3. Change your job

If your job isn’t paying you what you’re worth, then it’s time to leave. Don’t, however, quit before you’ve got another one.