Common Sense Ways to Increase Your Revenue Streams/Save Money

1. Take on side projects. Do you have a neighbor or relative that needs their lawn mowed? Think about it, instead of watching that game you don’t care about on Saturday afternoon, you could pick up a quick $20-40 payday. That’s money in your pocket.

2. Build a website. If you already waste a lot of time on the Internet, why not build a website? There’s a lot too learn, which I can help you with, but why not? It could be fun and you are actually building an investment.

3. Sell your old dvds/cds/books that you will never use. Sure, you are getting pennies on the dollar, but realistically aren’t these items just taking up space anyway? Pick out some of your stuff, you’ll never have a reason for, take it to the book shop, and see if you can’t get a few dollars in your pocket.

4. Put your talent to use. What do you know or do very well? Graphic art, fitness, sports, cooking, movies. Concentrate on your strongest talent, produce with it, and promote your production whether it be online, in the newspaper, or in person.

5. Stop paying for convienence. Save your ATM card for emergencies. Don’t use it to withdraw $60 every other weekend. Depending on your bank’s program, you are costing your self $3-5 every month. That’s $36-60 a year just to get your own money. Withdraw at the bank.

6. Account for your business expenses. If you keep a shoebox inventory of your business reciepts at the end of the year, you will likely incur some sort of reimbursement for keeping track of these items.

7. Search for another passive income stream. Passive income is making money when you are not actively working for it. For example, having a website that makes $1/day while you are at the park playing basketball. Finding a passive income channel can create a nice surplus for you.

8. Be leary of sales and promotions. When you are about to agree to a deal or make a purchase, think to yourself, why are they doing this? What are they getting out of me? Is this a good deal all-around? Sometimes knowing the other party’s reasoning may disuade you from spending your cash/time.

9. Set budgets. Set budgets for everything. This curtails frivolous and impulse spending on your part by alerting your logical thinking should you exceed your budget. Cutting back on frivilous spending at the store can add up to 1000s by the end of the year.

10. Demand better prices. How much are you paying for your apartment? Are other tenants paying the same? When in a negotiable environment, never be afraid to question pricing and ask for a better deal.

This entry was posted on Tuesday, July 3rd, 2007 at 2:06 am and is filed under Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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