8 Simple Ways To Put More Money in Your Pocket

In this article: Ways to boost your income without getting a salary increase.
by Andrea Norris-McKnight
Ways To Put More Money in Your Pocket photo
In today’s economy, finding extra money can sometimes feel like searching for hidden treasure. However, you can enhance your financial situation without drastic lifestyle changes with some straightforward strategies.

Read on for eight simple ways to put more money in your pocket.

1. Earn Credit Card Rewards

Credit cards can be more than just a means of spending; they can also be a source of earning. Many credit cards offer rewards or cash-back on purchases. By using a rewards credit card for regular expenses and paying off the balance each month, you can earn money back on what you would spend anyway.

Note: It’s essential to avoid spending more just to earn rewards and always pay your balance in full to avoid interest charges that can cost far more than any rewards you earn.

2. Maximize Your 401k

If your employer offers a 401k plan with a matching contribution, you should take advantage of it. That employer match is essentially free money and an investment for your future. Contributions can significantly boost your retirement savings and reduce your taxable income.

If you can’t initially contribute enough to get your employer’s full match, consider gradually increasing your contribution each year until you are receiving the full match.

Here’s what to know about 401k contributions.

Sign up for a daily dose of dollar stretching.

Subscribe to get money-saving content by email each day aimed at helping you live better for less, get better with money, and fix your finances so you can achieve financial independence.


We respect your privacy. Unsubscribe at any time.

3. Get a Banking Bonus for Opening a New Account

Many banks offer sign-up bonuses for opening a new account. Depending on the bank’s promotion, these bonuses can range from a few dollars to several hundred. It is sometimes worth shopping around and switching banks to take advantage of these offers.

4. Participate in Survey Sites

Online survey sites can be a source of small but easy income. By spending a bit of time answering survey questions, you can earn cash or gift cards. It’s not a replacement for a full-time job, but it can be a simple way to earn something in your spare time.

Some popular survey sites include Swagbucks, Survey Junkie and InboxDollars.

5. Start a Side Gig

If you have a skill or hobby you can monetize, consider starting a side gig. This could be anything from freelance writing, tutoring, or selling handmade goods. A side gig can bring in extra income and be a fulfilling way to spend your free time.

If you’re if you’re in need of some side gig ideas, consider these side gigs that other Dollar Stretcher readers started. And these questions can help you choose the right side gig for your schedule and budget.

6. Open a High-Yield Savings Account

Consider a high-yield savings account instead of letting your savings sit in a regular savings account, earning minimal interest. These accounts offer higher interest rates, which means your money grows faster. It’s a simple and safe way to get a little extra from your savings.

You can find some of the best high-yield rates through online banks.

7. Regularly Sell Unused Stuff

We all have things lying around that we don’t use. Regularly selling unused items on platforms like eBay, Craigslist, or Facebook Marketplace can turn your clutter into cash. It’s a great way to keep your home clutter-free while earning some money.

Also try these sites for selling your unused stuff.

8. Refer Friends

Many companies offer referral bonuses for bringing them new customers or clients, such as subscription services, apps, or even job referrals.

If you like a service or product, check if they have a referral program. It’s an easy way to earn extra cash by sharing something you already use and love.

How Will You Put More Money in Your Pocket?

Implementing these strategies can incrementally improve your financial situation. The key is to start small and stay consistent. Over time, these methods can make a significant difference in your bank account balance.

Reviewed February 2024

About the Author

Andrea Norris-McKnight took over as the editor of The Dollar Stretcher and After 50 Finances after working under the site founder and previous editor for almost 15 years. She has also written for Money.com, GOBankingRates.com, HavenLife.com and The Sacramento Bee.

Get better with money.

Subscribe to get a daily dose of money-saving content aimed at helping you get better with money, fix your finances, and live better for less.


We respect your privacy. Unsubscribe at any time.

Pin It on Pinterest

Share This