3 Easy Ways to Save Money and Earn Income On the Side
Maybe you’re a student, or already working a full-time position. Or, maybe you’re unable to find jobs or simply too busy as is from taking care of things at your home. No matter the situation, it is safe to say that the majority of people could definitely benefit from additional income. Whether it be $5/$50/$500 a month, extra money is an advantage. Often, people miss out on money they’re already earning by not making the most of it. A great portion of expenses that aren’t bill related can be repurposed and recycled to avoid a future purchase. After all, a penny saved is a penny earned. It’s more than just a saying. Today, we will learn about 3 genres of saving and earning that could benefit anyone, ranging from teens in school to adults already working full-time while supporting a family. You can also check out this article about investing in cryptocurrencies, here New to Crypto? So Am I.. For those unfamiliar with… | by Hudson Jordan | Feb, 2021 | Medium
For those with extra time on their hands, recycling items can be a great way to not only save that hard-earned dollar, but to possibly earn some. There are plenty of things you can do in regards to recycling that don’t just involve that blue bin by the street. Generally speaking, a lot of the things we throw away could be reused in some shape or form. Have a feline friend? Old cardboard and worn fabrics can be combined in many fun shapes to give him or her something to sit and scratch at. Even for canine family members, an old shirt twisted and tied can give an excellent rope to play with. Beyond that, a lot of food comes in plastic and glass containers which can be cleaned and reused in the future. For teens and those with a green thumb, crushing old soda and beer cans can yield a small reward. The price for aluminum is not quite as luxurious as its copper, brass, gold, and silver competitors; But it is much better than steel. Although, aluminum cans don’t fetch as much as pure aluminum. Saving your cans throughout the months and occasionally spending a Saturday or Sunday crushing them with a crusher, or old fashioned sledge-hammer can yield roughly $30–$45 per trip to the recycling company. If you’re keen on this type of recycling, you can go a step further than cans and take apart outdated or broken computers, (Make sure it is something you wouldn’t plan on using ever again, of course). Computers have a lot of aluminum pieces that can be stored in a plastic bin until you’re ready to make your trip to sell. As well, there are small amounts of gold inside if you have the know-how and will to extract it. Old tube television are great for this type of recycling. Most donation centers wont accept them anymore, and they will likely be thrown away. Carefully disassemble that old giant and on the back of the tube itself should be some massive copper coils that are great for recycling. Make sure to separate your metals. You can tell apart steel from aluminum by holding a magnet to it. If its magnetic (Ferrous) its steel. Steel is something you can scrap, but unless you want to spend weekends driving around in a large truck and trailer, it might not be worth the effort. There are other ways to save on recycling electronics in particular that will come up in a later category.
For those of you with more free time on your hands and a knack for creativity, repurposing and repairing old items can be one of the largest sources of income while still working from home. Occasionally you might find yourself driving around, looking through people’s boxes on the side of the road. But you can also find something that you’re good at creating, consistently, and post them for sale on a vendor like Amazon, Ebay, Etsy, or Craigslist. This may not be the easiest option for those already working full-time or even over-time jobs, but can yield some of the highest profits as well as generate a source of satisfaction that can only be achieved through being proud of your own work.
Finally, for those working all week and not having the free time to do any of the previously mentioned ideas, the inevitable is rolling around and likewise is a perfect opportunity to reclaim some of that hard-earned cheddar cheese that you so passionately worked for. Taxes can be a burden for people of all income variations. This is an opportunity to save a large chunk of change, without having to necessarily go out of your way to do so. A lot of things can be exempt from taxation, whether it be school or work related. Keeping track of your expenses is a great way to get these deductions, as it is important to only claim what you honestly deserve; you wouldn’t want to get in trouble for fraud. That’s big boy trouble right there. But at the same time, you don’t want to miss out on opportunities that are legally yours. In most cases, anything you purchased out of pocket that was required for work or school, is tax deductible. Example: Your work requires you wear a specific type of shoe that you don’t already own and you must buy them yourself? Tax deductible. Your school requires you have your own laptop available to bring to class, but you only own a desktop computer so you have to purchase a new laptop? Tax deductible. Beyond tax deductions in that sense, you can also get a cut in taxes by referring back to the recycling topic. Lets say you had a flat-screen television you were going to try to sell, but couldn’t find a buyer. You could donate it to charity and get a write-off on your taxes. This applies to all things, clothes, food, electronics, automobiles, etc.
There are many ways to save your money. Its hard to force yourself to do so, in some cases. Not everyone has the willpower or ability to set aside $10.00 each week without touching it, and some people have expenses that call for nearly all of their income. Most importantly though, it is the effort that you put into future savings that matter. If you are determined to look for and utilize new income opportunities, you will find them. Once again, for those interested in investing your money into something like cryptocurrencies, check out this article here New to Crypto? So Am I.. For those unfamiliar with… | by Hudson Jordan | Feb, 2021 | Medium. Thank you for your time.
