We’re heading to that time of year where you want to make changes to your lifestyle. It could be making a resolution to lose some weight or curb the drinking. Maybe even give up vices like smoking or start a new hobby. But one common resolution a lot of people make has much to do with their finances. Or more specifically improving them and increasing their income. Which is why I thought now would be a great time to share with you a few tips to increase your income, making 2017 the best financial year yet. If that sounds interesting, then read on.
Check out your current bills and outgoings
Out outgoings can be one of the biggest ways we can save money, but yet many of us don’t even check them regularly to ensure we are paying what we should. Loyalty doesn’t count for much when it comes to your energy providers or internet connections. This is why it’s worth comparing deals to see if you can save any money. Often you will find that energy deals are more lucrative for new customers, so changing can save you quite a bit. The same would work for other bills like the internet, re-mortgages, and even TV providers. You’ll be surprised by how much it could save you.
Work on reducing your debt
Debt can be one of the biggest things you pay out for after your rent and mortgage payments. Especially if you have debts on different credit or store cards. The problem is that each debt has it’s own interest charge. Meaning it can end up costing you more and taking longer to pay off the debt. However, consolidating your debt into one monthly payment can save you quite a bit overall. The best thing to do is check your credit rating on websites like MyCreditMonitor to see what options you have.
Consider cashback websites when making purchases
Of course, we all need to buy things like food and clothing. Even bigger purchases like holidays and electricals will happen at some point. So why not earn a little extra from those purchase you are bound to make by using cashback sites. Clicking through to the website from those particular sites can generate as much as 10% cashback. Which can build up over time. Each retailer will have their own deal, it might be a percentage or a lump sum cash back amount, but it can all add up.
Try money making ventures in your spare time
Finally, there are always ways you can make a little extra in your spare time. You may have a hobby that you could turn into an at home business. Thanks to websites like Etsy or eBay it can make selling things much simpler. Or alternatively, if you are creative you might want to consider starting a blog. Even things like filling in surveys can generate a bit of extra income. Every little bit helps.
I hope these tips help you have your best financial year yet in 2017.