Posted by on Jun 30, 2017 in Finance & Insurance | 0 questions

We all hope to lead a lavish lifestyle. After all, we want the best cars and want to go on superb holidays. And we want to ensure we get our family and friends good presents every year. However, our wages don’t always reflect our spending. In fact, we might only get enough to cover the bills.

And it can leave us with little money to go on our lifestyle. However, there are some things you can do to top up that cash. In fact, here is what to do when your wages aren’t enough.

Consider doing some overtime at work

You might currently do your basic hours at work before heading home for the evening. After all, you might have a set contract which details you have to be at work during certain hours. But if you are not getting enough money from your regular hours, you might want to consider working some extra. After all, it’s the easiest way to get more money while at work. And it can help ensure that when you do get your paycheck, you are able to do more with the money!

Therefore, ask your boss whether there is any overtime available that you can do that week. It will help them out if they currently have a large workload. And it can help you top up your pay if you want to pay for something like a new car or book a holiday. Also, doing overtime is a great way to show your boss that you are committed to the company. After all, it will show them you are willing to go the extra mile to help the business to succeed. So as well as getting you some extra dough, it could lead to a promotion in the future! Just remember to be careful not to take too much extra work. You don’t want to get so overloaded that you become stressed out!

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Get access to more funds with a loan or credit card

It can be frustrating when you are not earning enough to be able to buy a new vehicle or even book a holiday. After all, you can often feel like you are working all hours under the sun to just get enough to get by. But if you do want to make a big purchase, there are some ways around it if you are just not getting enough with your wages. For starters, you should consider topping up your funds with a loan. It’s a good way of getting money quick which can go on these big purchases.

And then you don’t have to rely on your wages to cover that new car or holiday. Just make sure you get a loan which you can afford to pay back. You don’t want something which is going to cripple you financially. Also, you ought to consider getting a credit card. Unlike your debit card, you will have access to a significant amount of money to spend. So it can make it easier for you to make substantial purchases. Just make sure you don’t put too much on the card as you will have to pay it back before the interest gets too high!

Image from Pixabay

Talk to your employer about increasing your pay

If you are not happy with your current wages, it’s always a good idea to talk to your employer about it. After all, if you have been there a while, you should remind them about what a hard-working employee you are. In fact, they might have forgotten that they haven’t increased your pay. So it can give them a simple nudge to ensure they pay you more in future. And you will soon make a better amount every month. Of course, you don’t want to go in there talking about money straight away.

After all, it might lead them to think that is all you are interested in. Instead, discuss the fact you would like to move through the ranks. And that you want a new challenge after being in the same role for a while. That way, they will consider promoting you which will ultimately lead you to earn more money every month for your family. Even if you think it’s a no-hoper, it’s always worth asking your employer. After all, you are not going to get anywhere if you don’t ask! And if it is a no this time, at least it’s put the idea in their head. After all, they don’t want to lose you to a competitor.

Do some freelance work in your spare time

A lot of people are now doing work after they have come home from their job. After all, if they are not happy with their current wages, it can give their money a much-needed boost. And it’s a good way to ensure they have extra money that won’t just go on bills. Of course, you need to check with your current employer if you are allowed to do freelance work. After all, you don’t want to jeopardize your current position by doing some extra work. So make sure you check first before going ahead.

There are lots of sites online such as Upwork which offer small jobs you can do in your spare time. You will have to apply for each role by talking about the experience you have. But once you have completed the work, you can have some well-earned money you can spend on your family. It’s also worth connecting with old employers and people in your industry on platforms like LinkedIn. Letting them know you are doing work in your spare time can often lead to some extra work. And who knows, you might end up with enough work that it leads you to be a full-time freelancer! If there aren’t many freelance opportunities online in your sector of work, there are some other ways to make some extra money online. For example, filling in surveys and questionnaires can help you to earn some extra cash. Or setting up a blog can help you to start earning money. Also, being a mystery shopper is known for raising some extra money.

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And remember to look into making investments. After all, this will be a good amount coming in every month as well as your wages!