Do you feel like your work incredibly hard in return for limited financial reward? Have your earnings stalled over the last few years? Do you wish you had more disposable income? Most of us would like to earn more, and there’s often scope to increase your income. Here are some balance-boosting tips you can try in the months to come.
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Ask for a pay rise
Have you been on the same wage for as long as you can remember? Have you taken on extra responsibilities or put in overtime? If so, it’s time to ask for a pay rise. It’s fair to expect financial rewards if you’ve worked hard and you haven’t had a raise in a long time. Before you ask your boss, think carefully about what you’re going to say. You need to handle the situation in a suitable manner. Don’t go charging in there, and make unrealistic demands. Be calm, measured, and confident when you speak. Outline why you think you deserve a raise and be sensible about the amount you ask for. It’s very unlikely that your boss is going to double your salary overnight. It can be awkward approaching the subject of money, but what’s the worst that could happen? You never know until you ask, and often, it pays to be brave.
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Take on extra work
If you work part-time or you’ve got spare time on your hands, why not take on another job or increase your hours? Even a few extra hours a week can make a massive difference to your monthly income, and give you breathing space at the end of the month.
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Change your job
If you’re doing something you don’t enjoy, and you’re not getting paid as much as you deserve, consider a change of career. You don’t want to spend your life doing something that doesn’t interest you or reward you financially. Spruce up your CV, have a think about what you’d like to do, and look out for vacancies and adverts. Aim high, and don’t limit yourself. If you don’t get an interview, it’s not the end of the world, but if you don’t apply, you’ll never know what could have been.
If you are job hunting, there are plenty of places you can search for positions, and get help with applications. The Internet is a great place to start. You’ll find hundreds of jobs advertised online, and you can also take advantage of guides that will help you improve your CV, answer common questions from application forms, and draft a cover letter. It’s a good idea to sign up for job alerts, which are sent to your email account, and to register with recruitment agencies. They can match your skills and experience to relevant roles.
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Invest in training
Often, you reach a point in life when you want to move up to the next level and take on fresh challenges. To do this, it may be worth investing in training or gaining more qualifications. If you’re aiming for a promotion or you want to climb the ladder, there may be certain requirements. Training is also hugely beneficial for your development. You’ll often find that studying, taking exams or attending courses leads to monetary rewards in the future. A nurses salary, for example, is dependent on their skill level. The higher up the ladder you climb, the more you earn.
Take up a sideline
If your job isn’t paying you enough, consider setting up a sideline. Use your skills or help people out. Perhaps you could bake cakes and sell them at craft fairs or you could offer odd job services to your neighbors. Maybe you could set up a small-scale business selling DIY gifts or spend a couple of hours a week consulting. You might not become a millionaire, but every little helps.
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As the end of the year approaches, ask yourself if you could be earning more. If you’re a hard worker, but you’re struggling to scrabble together enough to get through the month, it may be time to take these tips on board. If you’ve done your job for a long time and you’ve not had a raise, your boss is the first port of call. Ask them politely if they would consider increasing your salary. Explain why you think you deserve a raise, and hopefully, they’ll be convinced by your pitch. You could also boost your earnings by taking on extra work, or even changing your career. If you’re not happy in your current job, a change could bring higher wages, as well as increased job satisfaction.
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