Saving money is one of the biggest keys to long term planning. It can help to prepare for rainy days (i.e., unexpected debits, etc.), or even to build towards a greater goal down the line. Either way, saving money, particularly from supplemental income, is key when aiming to beef up your savings account!
What qualifies as supplemental income? This is any side gig, and/or bankable extracurricular activity separate from your main source of income. Today, NF will be covering some of the top supplemental income ideas to give you a healthy savings account.
For starters, you can take a book out of the Newton Federal site! Creating your own blog hub isn’t the route to go if you need money today. But padding your savings account over time is on your mind, it can be great for the long game. It’s still somewhat of a short term pursuit that’ll yield big results quickly. In just a year’s time, with the right amount of effort and attention, your blog can start bringing in some pretty impressive supplemental income.
Food & Meal Delivery
Do you have access to a working vehicle? If your work schedule allows, doing food deliveries can be a nice addition to your bottom line. There are tons of different reputable apps that make it super simple to take something like this on. And, you can also turn out a nice profit, with many reporting the undertaking to bring in over $500/month in revenue.
Giving a Stranger a Lift
Of course, this option is much safer than it sounds. With multiple ride sharing applications available for public use and employment, there’s no shortage of side work here! Sign up with one of the apps, and start collecting more supplemental income!
Renting out your Car
Keeping things in the discussion of your vehicle; did you know that having one gives you even more options for extra income? And in this case, you may not even have to do anything extraneous to start benefiting. There are applications that allow you to list your car for rent, much in the same way that AirBNB repurposes people’s homes into supplemental income. Check out one such app here!
Working from Home
Living in a post pandemic world, it’s easy to understand how you may be in the market for less sociable engagements. Not to worry! With the growing number of remote working options, gigs like proofreading, remote tech assistance, and so much more are on the table! Even a quick google search for “work from home side gigs” can turn up some noteworthy selections. These often help you set a flexible schedule, something that’s ultra valuable as when it comes to gig work.
Big Savings with Newton Federal
In today’s world, there’s no shortage of convenient opportunities to make money on your own time and terms! If you’re looking to pad your savings account moving forward, try out some of the options listed here to see what works best for you!
Stay tuned! Newton Federal will be back with more information on how to reinforce your savings account. Until then, if you have any further questions or comments, feel free to reach out via our contact page. We look forward to hearing from you!