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Want to know how to supplement your income at the end of the month? Read the text until the end and see 3 guaranteed ways to put it into practice and increase your balance!
THE extra income is nothing more than a form of additional remuneration, that is, the money you earn from work other than your main source of income.
Supplementing income has become a common habit in the lives of Brazilians in recent years, especially after the start of the pandemic, with unemployment, the lack of an emergency fund and the most diverse unforeseen events.
Although it is not easy, it is not impossible to earn some extra money at the end of the month! With study, focus and disposition you can organize yourself and achieve your financial goals, whatever they may be.
Be a freelance or a nozzle – call it what you want – you can raise money after work in your free time or even on weekends.
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When it's time to look for extra income
Initially you can cut costs superfluous to avoid going into the red, but sometimes even that is not enough. Solution? Look for alternative sources to earn more money at the end of the month.
What would be these moments to generate extra income? See below:
Debt payment
In 2021, Brazilian household debt was the highest in 11 years, reaching more than 70%, according to Peic (Consumer Debt and Default Survey).
Therefore, it is to be expected that the most common reason for making a little extra money when the bill arrives is to pay debts or get out of the negative.
This way you can pay off overdue bills, getting out of overdraft or removing your name from SPC/SERASA, for example.
Purchasing a high-value item
Even without debt, buying an expensive item can leave you in debt or even in debt, so saving the total amount is a great strategy. However, the income can be used to supplement the payment of the installments when the bill is due.
Improve your standard of living
Many people already have their bills paid and an emergency fund set aside – something that should be a priority for you if you don't already have one – so the extra income ends up becoming a financial bonus, which can serve as investment or simply to improve your standard of living!
And what does that mean? You will be able to have more perks, so to speak. Eating better, going to more popular places or traveling more, for example. It all depends on your routine.
Options for you to supplement your income
Before you choose the path you will take to earn the income you want/need, think about your current top skills. How can you use them to earn more money?
For example, if you work with writing on a daily basis, you can write some texts with that same purpose, after all, it is something you have already mastered.
After choosing the activity that you have the most affinity with, start organize your routine, thinking about your next steps. How much time will this task take you? Will it cost you? Will it be manual work? What is the financial return on this? Write everything down!
Are you out of ideas? We have some options below:
Teach classes
Are you trained or do something so well that it can be taught to others? Teach classes!
You can teach in person, but now with the internet it is possible to teach on many different platforms, all online. This way you will be able to earn extra income. without leaving home and even without spending money, just making a profit.
How? You can teach Portuguese or other school subjects. English and other languages. Instrument or music lessons in general. Sewing or even dance, yoga and other exercises. There are dozens of options and there is demand for everyone!
You can record for YouTube and earn money over time and by increasing views – also serving as a portfolio and promoting complete classes and courses (you can record for course sales platforms, such as Hotmart).
Taking care of pets
Don't have any skills you can teach, but love animals? Then pet care can be a great alternative! You can work just with daily walks or by hosting the pet in your home.
One of the most popular sites for connecting with owners is Dog Hero. To participate, you must agree to have direct contact with the owner during the stay, committing to following the animal's routine.
Sell digital products
Don't want to teach and don't like pets? Then be one affiliated! Here you will sell other people's products/services, earning a commission for each sale made.
Your dedication will be to promote the links to these products/services, achieving clicks and conversions. The main platforms for making these sales are: Hotmart, Lomadee, Eduzz and Monetizze.
Organize your finances
There is no point in earning extra income without knowing what is being done with the money. It is necessary organization! To avoid spending everything (or more), falling into new debts, remember your initial objective when this activity started.
Are you earning more than you planned? Create goals for investing this money, whether short, medium or long term.
Also, learn to use the tools to your advantage. Today many credit cards and large stores offer benefits such as cashback. With small savings you can have a considerable amount at the end of the year through it.
Final considerations about our content: 3 ways to supplement your income
As shown at the beginning of the text, doing a side job to generate extra income has become something common in Brazil, with space for everyone and several options.
You can make a freelancer in the area in which you work daily, rescue some skill to teach other people or even walk pets! It will all depend on what makes sense in your daily routine.
The internet has increased the range of possibilities, optimizing time, money and making it easier to earn the income you desire.
Have you already put any of the ideas shown into practice? What are your skills? What is your purpose for earning extra income? Tell us in the comments!
Content produced in partnership with Low Interest
