3 Ways To Make More Money This Year Than Last Year

People the world over are always looking for ways that they can make more money. Even if you made a decent amount of money last year, with inflation and the rising costs of goods and services, it’s always a good idea to be on the lookout for ways that you can bring in even more money that previous years. While you can try to cut back on your expenses by kicking an addictive habit or changing your spending amounts, those things can generally only get you so far. So to help bring in more money rather than just stopping the outflow of money, here are three ideas for ways to make more money this year than you did last year.

Get A New Job

If you’ve been at the same job for a while but you don’t feel like you’re being adequately compensated, you may want to consider finding a job somewhere else. Some people find that they often get stuck in a rut at their job, which can make it difficult to show how you’re deserving of a higher salary. The progress and improvements you’ve made that may reflect well on a resume don’t get the recognition they’re worthy of by sticking with the same company. If this tale sounds familiar, Laura Shin, a contributor to Forbes.com, suggests changing jobs by moving up the ladder and into a higher salary bracket. Not only could this help you to earn more money this year, but it could increase your earning potential for many years to come.

Sell Items You No Longer Use

Over the course of your lifetime, you’ve likely acquired items that, while you might once have thought they’d be useful, have since worn out their welcome. To address this issue, many people give these items away to friends or family or donate them to charity. However, to let these items work for you, ThePennyHoarder.com suggests selling these items instead. There are tons of apps and websites that were created for the sole purpose of matching people selling pre-loved items with people looking to purchase pre-loved items. While you probably won’t sell your belongings for the same price that you paid for them, you’ll at least be bringing in a little extra cash off the transaction.

Rent Out Your Property

Society has taken a recent liking to the idea of renting out items from others rather than purchasing your own. With this trend in mind, Cameron Huddleston, a contributor to GoBankingRates.com, recommends renting out some of your property like an empty room, your entire home when you’re out of town, your car, or even just your parking space. If this sounds like something that interests you, there are plenty of websites available to help you advertise your rental property to someone looking for exactly what you have to offer.

If you’re wanting some simple yet effective ways to make more money than you did last year, use the tips mentioned above to help bring in some extra cash.