You are currently viewing 31% of Americans want an increase in their income.  This might be the easiest way to pull this off

31% of Americans want an increase in their income. This might be the easiest way to pull this off

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Need a pay raise? Take matters into your own hands.

Key points

  • Recent data reveals that 31% of Americans want to increase their income.
  • Getting a side hustle is a great way to get your hands on more cash.

A good 35% of Americans admit to having a spending problem. At least that’s what a new CouponFollow survey reveals. In fact, many consumers want to improve their financial habits.

But that’s not the only thing consumers want to improve. For 31%, increasing their income is an important objective.

However, increasing your income isn’t something you can do just by walking into your boss’s office and demanding a raise. Well, okay you can try that, but you may not be as successful. On the contrary, if you are serious about seeing your income increase, you may need to take matters into your own hands and make a hustle.

The benefit of working a second gig

Many of us pass a lot time at our main jobs, so the idea of ​​taking on a side gig can seem daunting. But the beauty of side hustles is that they can be flexible.

If you can’t commit to waiting tables every Saturday and Sunday at your neighborhood coffee shop or working evenings in retail, guess what – you don’t have to. Instead, you can find a flexible side gig that suits your schedule.

Maybe that means driving for a rideshare service two nights a week. Or, maybe that means driving for one of these services a few times a month if that’s all you have time for. The key is to do your best to set aside time for a side gig so you can boost your income the way you want.

What could more money do for you?

Many people regularly fall victim to impulse buying, which may explain why 35% of Americans cite their spending habits as a personal weakness. And while it’s certainly important to take steps to minimize impulse spending, the reality is that by getting a side hustle, you’ll give yourself more leeway when it comes to spending.

Also, if you haven’t noticed, the cost of living is skyrocketing these days due to inflation. An increase in income from a side gig could make it easier to cover your essential bills, from filling up with gas to grocery shopping.

In fact, it’s a really good idea to put some money aside in the bank in case the cost of living keeps rising and/or you run into an unexpected expense that your regular salary can’t. cover. A side hustle could be your ticket to filling up your savings account and avoiding financial stress.

All in all, there really aren’t many downsides to picking a gig that you can do in your spare time. In fact, you might want to think about the things you love and see if any of them are viable as a source of income. If you love art, you can design t-shirts or websites for money if you have the right skills. And if you love animals, you can sign up to babysit or walk dogs.

If you find a side activity that you enjoy, you’re more likely to stick with it. And it could help improve your financial situation.

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