How to Save Money Wisely for Filipinos – Part 2

Written by imoney

In our last blog post, we talked mainly on how to save money by allocating a percentage of our salary in our savings account, lessening expenses and getting to save easy money. Now, we will be talking about how to save money by increasing our cash flow.

Normally, increasing our income involves finding another job. But it requires a lot of hours and rarely anything is left in our time doing something else. So to manage expectations, I am going to cite examples of getting passive income with less effort.

1 Save old unused items

Why an online store? Building an online store is a tough job so why I am saying this? Well, there are platforms in the internet wherein you can just upload your merchandise and people would search for it on the site itself. Examples would be sulit.com, ebay.ph and olx.com. The best part about this is that the money you get is equivalent to the effort you put in selling. You can think of an item that most people would look for, may it be a used item or a new one. You can really get a good price for an item you save and cared for. It is simple, easy and the best part you can control your time.

2 Get paid when spending

Cashback credit cards pay a portion of the money you spend in groceries, gas and other utilities. Best part is, you can completely enroll your bills to pay itself via direct debit, so that there would be no interest charges incurred and you get the full amount which can go up to 10% of the total amount purchased.

3 Get paid for Opinion

A lot of companies are going online and they want your opinion for everything they have to offer. You can get paid by doing online surveys and you won’t need an expertise in doing it, you just have to be yourself and if you have a few hours in answering questions, you can actually earn a lot of money in doing it.

4 Rent place for Travelers

Now this is easy money. You can open your home to serve as a hostel for travelers and have them pay rent. All you need to is tidy and be hospitable, which is not a problem in doing because culturally we are hospitable. You always clean the house anyway; why not get income when doing it.

There are a lot of ways in earning money easy, we just have to be creative and do our research when looking for ideas. This will cause less stress and have you prepared for a better future or that dream business that you want. Anything is possible if we are disciplined about our finances.