Struggling With Your Finances? Find Ways to Make More Money

make more money

Are you struggling with your finances? Do you find yourself constantly feeling worried and stressed about your current financial situation? Are you losing sleep at night because you are concerned about how you are going to pay next month’s rent or mortgage?

If you are, you are not alone. Does that help? Probably not.

So what will help?

Making more money will help.

If you find ways to make more money you will be able to catch up on your bills. You will be able to pay your mortgage payment and buy the food you need to feed yourself and your family.

Ways to Make More Money

We’ve talked about ways to make money many times on this blog. You could ask for a raise at work or ask for extra hours. You could look for a part-time job to do on your days off. Perhaps you could become a Tutor or a bartender. It all depends on your skill set and interests.

Start Your Own Small Business

Another alternative is to seriously look at starting a small business. I know your first thought is "is this really the right time to start a new business?" It is as long as you make wise choices upfront and then put a detailed plan in place to guide you through.

Look for a business that you know you would definitely enjoy working on.

Consider your current skills and if you need to upgrade your skills, find ways to do that.

For example, say you want to open a wedding planning business but the only one you ever planned was your own wedding. You could consider approaching other wedding planners in your area to see if they would hire you to work with them. That way you could build up your skills while still earning money.

You don’t need to tell them that you plan to open your own business one day.

And remember, many people have started that way. Look at all the famous chefs out there with their own restaurants. Yes, they most likely went to school as part of their training, but they also worked in restaurants for other people before they opened their own business.

Once you know what you want to do you then need to identify your target market and who your clients will be. Think in very positive terms. Try to remain completely optimistic.

When thinking about your target market, understand that people are still spending money. They may just be more conscience of what they spend it on.

Think about how you will market your small business. Will you use online strategies? Can you join a small business networking group in your city or town?

Will you work from home or will you setup a store front?

Also, if you have operated a business in the past and things didn't work out, then think about what went wrong and how you can learn from that.

If money is tight for you right now, you can look for a small business with low start-up costs and very low overhead. Remember, it also needs to be something that you will enjoy doing for a long time.

Are you still worried about whether or not you have the right skill set to operate a small business?

If you believe that you do not, then look for a business opportunity that offers an ongoing training program. One that will help you get started, show you the tools you need to work with and point you in all the right directions. It would also be great if the business offers ongoing training and support.

A solid support system is definitely an asset to building a strong business.

Keep in mind that people can start a new business at any age.

Teenagers are starting small businesses because they understand the concept of doing something they love. They also know that owning their own small business will look great on their college applications.

Seniors are starting small businesses because they know that remaining active and learning new things will help them live a healthier lifestyle.

If you combine your passion and interests with the right products and business, you can definitely build a widely successful small business, even when you are struggling with your finances.

So the point of this post is - don't sit and wait for something to change. Go out today and use your excellent skills to make more money so that you can continue to provide for yourself and your household. 


    • Laurie @thefrugalfarmer

      Laurie @thefrugalfarmer 05/21/2013 6:25 a.m. #

      Yes, yes and yes! But we are working on that. I love the part you wrote here about if you had your own biz in the past and it failed, figure out why. Thanks for the great info, Sicorra!

      • Sicorra

        Sicorra 05/21/2013 7:38 p.m. #

        Good for you Laurie! You have a ton of valuable skills. I'm sure you will figure out ways to make lots of cash.

    • Joe @ StackingBenjamins

      Joe @ StackingBenjamins 05/21/2013 8:02 a.m. #

      Starting a business can also be rewarding because you realize what sells and what doesn't. When I owned my biz, employees would sometimes have the most bone-headed ideas...because they'd never worked for themselves before.

      • Sicorra

        Sicorra 05/21/2013 7:41 p.m. #

        Yes, it is quite the learning experience.

    • John S @ Frugal Rules

      John S @ Frugal Rules 05/21/2013 8:08 a.m. #

      Good post Sicorra! If we can start our own small business then I am confident that anyone can. There are plenty out there with low to little start up costs, you just have to be creative.

      • Sicorra

        Sicorra 05/21/2013 7:42 p.m. #

        I agree. A person doesn't have to choose something huge and expensive to be able to make some money. Depending on a person's skills, small and easy can still be very successful.

    • DC @ Young Adult Money

      DC @ Young Adult Money 05/21/2013 3:38 p.m. #

      I had a friend just yesterday say a certain expense didn't fit in his finances and my immediate reaction was "make more money." While that is not always the 'right' answer, he has significant free time where he mainly just watches movies or goes out with friends. In his case, I certainly think making more money should be part of his financial goals.

      • Sicorra

        Sicorra 05/21/2013 7:44 p.m. #

        That is a very good example of how everyone is different. Some of us think like you and some just don't know that they have other options.

    • Shannon @ THe Heavy Purse

      Shannon @ THe Heavy Purse 05/21/2013 4:43 p.m. #

      "don't sit and wait for something to change" - excellent point. Lots of time when we need to earn more money - we wait for something to fall into our lap. This rarely ever happens. We have to hustle and make it happen for ourselves. We have to let go of fear. Great tips, Sicorra!

      • Sicorra

        Sicorra 05/21/2013 7:45 p.m. #

        You make such a good point! We have to let go of the fear! That holds so many of us back from doing so many things in life, doesn't it.

    • Corina Ramos

      Corina Ramos 05/22/2013 6:23 p.m. #

      Excellent advice Sicorra!

      This is very motivating for anyone who is in one of those ruts and feel like there's nothing out there.

      I hope they read this before they give up on the dream of running their own business and head back to an office job.

      I love how you told us we can't sit around and wait for things to happen...that's so true!

      Hope things are going good this Wednesday my friend!

      • Sicorra

        Sicorra 05/22/2013 7:48 p.m. #

        Thanks very much Corina!
        I think what happens sometimes is people are in a job and they dream of what their life would be like if they were self employed and then a person becomes self employed and sometimes dreams of what life would be like with a job. But if a person wants to run their own business then they need to take a chance. Start small and see what happens. :-)

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