Money Hungry: Making A Few Extra Bucks Isn’t So Tough

Have you thought about making extra money? Of course, you have.

Who doesn’t? The financial squeeze is wrapping its proverbial arms around just about everyone as the masses continue to scratch and claw their way toward having a nest egg or a suitable retirement when saving money continues to be difficult, to say the least.

With the average person having less than $1,000 saved, the crunch is starting to come from all angles as a simple home repair could leave you with nothing or, worse yet, in debt more so than you may already be at the moment.

A phrase that has become commonplace as a result of this financial peril is “fast cash,” and finding it means different things to different people as phrases and cliches morph into a way of life or a mentality.

For some fast cash is like a few extra dollars, to help save and add income to your budget. Gaining extra money can be done in a variety of ways and hardly should be deemed a band-aid on a bullet wound, but instead, a means to beef up your savings plan.

For starters, have you ever thought about saving by adjustment? That means, for example, if your cable company isn’t cutting it at a $200 per month premium but satellite TV is saying they’ll give you comparable service for $50, why not switch? Sure, you may end up paying about the same after your promo period comes and goes, but smart money managers are apt to turn back and forth to get the best deal possible.

You should do the same things with your bank, too.

If another bank wants your business and wants to pay you to switch and the interest rates or savings plans are comparable, why not follow suit? It’s extra money in your bank account, on top of a bank that is clamoring and fighting for your business.

Far too often when it comes to money, you become complacent with your services and purchases. As a result, you never comparison shop and thus leave better pricing on the table. You could say the same thing about not just cable or banks, but insurance rates, car loan rates or your home as well.

So while getting a part-time job might also be a viable option for the extra money, make sure that extra work doesn’t become inconvenient. Instead, try to maximize your time and see if you can do something for a few hours a night that is lucrative or maybe at homework, too.

Extra money might sound like a luxury, but it can be just a matter of price versus patience and not being able to pull the trigger on a better option.