With today’s growing debt levels and the increasing cost of buying groceries, gas and other essentials, Canadians are looking for ways to make more money in order to balance their budget. Having a side hustle is one of the easiest ways to try and improve your financial situation. After all, if your budget doesn’t balance, you either need to cut back expenses or bring in more money. Oftentimes, there’s no room to cut expenses, so having a part-time job or supplemental income can be helpful.
In today’s gig economy and digital world, making money outside of your nine-to-five job has never been easier. Here are a few ways on how you can make more money in Canada to put towards debt, savings, retirement, or even a holiday.
Speak to your current employer
The first and most obvious option would be to speak to your current employer if you’re already employed. In salaried jobs, you should ask for a raise. Be prepared to show your value and why you are deserving of more money. If you work in a shift-work environment, ask about picking up an additional shift every two weeks or every month to add a few dollars to your income. Bonus points if these shifts are on holidays or after hours, when you can get paid double time.
Find a new job
The days of working for one employer for life are over. One of the fastest ways to make more money is to climb the corporate ladder by moving companies. If you have experience, you should be able to transition to other companies in similar roles. Look for managerial positions or move into industries that tend to pay higher, such as finance.
Start a home-based business
Thanks to the internet, anyone can start a home-based business and advertise their services. The ideas for home-based businesses are endless. If you’re creative, make and sell crafts; if you know marketing, run Facebook ads for local businesses; if you’re handy, offer your handyman services to neighbours. There are many opportunities for home-based businesses. Here are 42 you can start today.
Get a part-time job
If time permits, find a part-time job that doesn’t interfere with your day job. Service-based jobs such as servers or bartenders tend to favour weekend and evening shifts, making it ideal for your schedule. Plus, you can make a lot of money in tips, giving you extra cash at all times.
Explore the gig economy
Thanks to Uber, Skip the Dishes and Airbnb, anyone can now be their own boss and make a supplemental income. If you have a newer car or a spare bedroom to rent out, you can make money on Uber or Airbnb. If you prefer to work autonomously, become a delivery driver for companies like Skip the Dishes, Chef’s Plate or Instacart. With so many technology companies, there are endless opportunities to make more money.