51 idea for extra money in 2018 year. Part of xnumx

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ForumDaily previously published the first part of this materialin which financial authors TIME offer 50 ways to earn an extra thousand dollars in 2018. Today we offer the second part of the article - another 51 way to increase your income with the help of simple financial tasks for the year.

Monetize hobby

51. Become a referee at school

Sports youth functionaries earn around $ 20 per game, said Barry Mano, president of the National Association of Sports Functionaries. Referees in high school earn from $ 50 to $ 70, and in colleges, from $ 100. To get started, become a member of a local association, go through training and schedule your games.

52. Sing in a choir

In many churches and synagogues people are paid for singing in the choir or at special events. Bets are different and range from $ 50 to $ 200 per performance. How to find such a hack in your area of ​​residence: go to local churches or look online, for example, on the website choralnet.org.

Reduce your transportation costs

53. Find companions for car use.

With a gallon cost of $ 3,08 fuel (US average for 5 years), an 25-mile relocation costs about $ 2 000 per year for gasoline only. And although fuel prices have been relatively low lately, the researcher Gasbuddy predicts that in 2018 they will go up. If you travel to work on your own car alternately with another driver in your car, you can save $ 1 000, this is before taking into account the cost of the roads, depreciation and parking. If you alternately change with three people, you can save up to $ 1 300.

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54. Save on car insurance

Check the value of your car through Kelley blue book. If you have an old model that costs less than ten times the amount of your insurance premium, consider dropping out of the motor hull insurance and collision insurance offers Insurance Information Institute. So you will save from $ 375 to $ 1 500 per year just on this. Always look for the best insurance offers. According to JD Power, consumers who changed the insurance company in 2015 have saved an average of $ 388.

55. Wait a year

Modern cars have been in service for more than 11 years, whereas in 2000 it was 9 for years, according to the Ministry of Transport. Suffer another year before changing a car, it will save you $ 1 000 on payments.

56. Improve fuel consumption

Properly inflated tires can save $ 112 per year on fuel, according to a study Edmunds. If you have very flat tires, the savings reach $ 800 per year. In addition, aggressive driving increases fuel consumption in traffic from 10% to 40%, according to SAE International, automotive trade association. It is estimated that on average Americans spend $ 1 500 on fuel this year, which means that you can save from $ 156 to $ 624 if you drive safely.

57. Buy a car "dark horse"

Buying popular cars like Honda or Toyota, you probably pay more than it should, according to the Edmunds car website. Often you can find almost the same car, but less popular and more affordable, especially with all the incentives to return part of the amount.

58. Be patient

“We could not stand it and bought a new car this summer, but we waited for three months. We wanted Honda Pilot, and dealers had a lot of models, but everything was in an additional configuration, which we didn’t need and cost from $ 5 000 to $ 7 000 and above. We decided to wait. As a result, the two dealers had the base model we wanted, and one of them agreed to sell us $ 1 000 cheaper than the other. ” - Reviewed by Brad Tuttle

59. Become a member of the tax exemption program if your employer has one.

If you spend up to $ 255 per month on parking and / or transportation, then with income of $ 37 950 to $ 91 900, you can save more than $ 750. If you use the parking in the suburbs and change to public transport (park and ride), or you earn more than $ 91 900, you can easily save more than $ 1 000.

Earn in the market

60. Change your broker to a robot advisor

If you are comfortable using technology solutions online, you can opt out of your broker and save money. Expert Advisors - for example, Schwab Intelligent Portfolios or WiseBanyan - do not take fees for managing your money, while the salaries of living advisers are on average 1,1% of transactions. If you have already set aside $ 100 000, then switching to automated help will save you $ 1 000 per year.

61. Translate your 401 (k) to a mutual fund

An actively managed equity fund, on average, charges investors 1,02% assets per year, according to Morningstar. Popular mutual funds for companies with high market capitalization, including versions from Vanguard and Fidelitytypically cost less than 0,1%.

62. Receive dividends abroad

Tired of the frail 0,8% return on US equity funds? International equity funds generate as much as 1,7%.

Photo: depositphotos.com

63. Pay your losses for profit, #1

If you sell now and fix the price at a loss, you can set it against the profit from other, more profitable deals. You will not be able to buy back unprofitable shares during 30 days, but you can buy something similar. For example, a large stock fund instead of a medium one. Employees with incomes from $ 37 950 to $ 418 400 (15% capital gains) will save $ 1 000 for every $ 6 667 profits they compensate.

64. Pay your losses for profit, #2

If your market losses exceed your profit, you too can deduct up to $ 3 000 capital losses from your income. To bail out $ 1 000, you need to earn more than $ 190 000. But even if your income is from $ 91 900 to $ 191 650, you still save $ 840.

65. Invest in undervalued stocks

You can improve the profitability of your investments by tilting your portfolio in the direction of small undervalued stocks, which in the long run tend to give better results than blue chips. Just remember that this is not free cheese from a mousetrap. Small undervalued stocks are often unstable, that is, they may lose more in value when the market falls.

Earn more at the main job

66. Convince the boss to hire your friend

“Most companies offer a“ tip fee ”if you recommend someone to work, and the company hires that person. Typically, the bonus amount ranges from $ 1 000 to $ 2 500, according to a report from a non-governmental HR organization Worldatwork for 2016 year. (The bonuses for admin posts are usually lower - from $ 500 to $ 1 000, the report says.) In 2015, about 13% of new employees were hired by someone else's recommendation. I recommended my colleague writing in college. She was hired when I moved to another apartment, and this bonus helped me pay for the move and buy some new furniture. ” - Reviewed by Alicia Adamchik.

67. Provide social support

There is an opinion that a promotion at work makes people happier. But research shows that the opposite is true: a positive attitude for daily work can help you advance in a company or get a big project. According to Harvard Business Review, One of the easy ways to achieve this goal is to simply help your employees. The 2011 study of the year found that people who coordinated meals and organized office activities were 10 times more involved in work and had a greater chance at 40 to get a job and salary increase than those who did not.

68. Look elsewhere

People who changed jobs received a salary increase of 2017% in 4,5, according to ADP. The largest salary increase was for full-time employees from 25 to 34. Chris Martin, Chief Analyst, Company Data Payscale, says that much depends on the area in which you work. Employees of “hot markets”, such as software development, are likely to receive higher salaries in the new job, but the pay of administrative assistants will depend on how long they have worked in the company.

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69. Exercise regularly

An economist at Cleveland University Vasilios Costeas found a pattern: regular exercise leads to an average salary increase of 6% for men and 10% for women. Costeas explains this dependence by the fact that regular visits to the hall increase the productivity of employees.

70. Looking for a job? Collect checks

If you are looking for a new job in your specialty, you can do without the costs associated with the search - for example, preparing a resume, travel costs in the form of miles and accommodation or fees of an employment company. The only caveat - those who are looking for work for the first time, want to change the scope of activities or have long been dismissed from a previous job, will not be able to use this advice.

71. Get a boost on the rising cost of living

In some cases, to earn an extra $ 1 000, you just need to stay at your current workplace. Wages are expected to grow by an average of 3,2% next year, according to the Institute for Economic Research. This means that if you get the average salary in the US - $ 49 630, you will earn almost $ 1 590 more.

72. Get a pay rise for merits

Consider yourself as the most effective employee? In recent years, more and more companies have begun to take a positive attitude to salary increases in order to receive full returns from employees, according to ADP. The average merit increase for full-time workers was 4,3% in 2017 per year — or $ 2 134 from the average salary.

Earn on what you own

73. Rent a part of the house

Not everyone has the opportunity to rent extra rooms in the house, but those who have such an opportunity can make good money through platforms like airbnb. “I put more than $ 800 in my pocket in a month - all thanks to renting out a free room that was idle,” says Kevin Hahn, author of the blog. Financial panther. According to the creditor company Earnest, those who rent premises through airbnbThey earn an average of $ 924 per month, but as a rule, this amount is about $ 440.

74. Rent your house on 14 days or less

Earn tax credits by renting out your house for two weeks or less. So you do not have to pay taxes on income derived from short-term rental. If the lease runs for 15 days or more, then you will owe the state tax for the entire amount received from the lease. This advice is useful to those who live in an area where popular annual championship golf-like sporting events are held.

75. Rent your car

There are sites that work on the principle airbnbthrough which you can rent your vehicles - Getaround and turo. The amount of possible earnings depends on what kind of car you have: Honda Civic can bring over $ 367 per month, according to Turo, and the average monthly earnings of users is $ 539, taking into account the cost of insurance.

Photo: depositphotos.com

76. Rent your boat

You don't have to own a cool yacht - there is demand for catamarans, sailboats, motor boats and even kayaks. Renting a boiler in Miami can bring $ 39 per hour to the owner, and a weekly delivery of the deck boat in Seattle - $ 5 000, judging by the ads on GetMyBoat.

77. Rent everything else

There are many sites that work on the principle airbnb for other types of goods. Online ShareGrid professional photographers offer equipment for $ 1 000 per month. If you have a parking space or driveway to a home somewhere in Chicago or New York, services CurbFlip and JustPark can help find tenants. About a third of parking space owners receive up to $ 1 000 per year or more, according to Curbflib. San Francisco has a service Omni, which takes on the preservation of your belongings - bicycles, camping equipment, costumes for Halloween - and at your request rents them to other users.

78. Spend a garage sale

“Well, of course, you can earn $ 1 000 at a garage sale,” says the author of the blog. YardSaleQueen.com Chris Hayska. Her tips: advertise your event; If you live in a remote area, think about the possibility of renting a room in a location where there is more pedestrian traffic, for example, near a local church or synagogue.

Get ready to retire

79. Avoid the penalty for delay

At first glance, this may seem like a minor difference, but if you financed your January 1 IRA each year, rather than waiting for the April 17 deadline, this would give you 15½ months of an additional tax-free period, and through 30 years would result in an amount of savings of around $ 30 000, that is, $ 1 000 per year.

80. Get bonuses from your retirement account

For middle-income people, putting money into a retirement account - IRA, 401 (k) or 403 (b) - can bring big bonuses not only in terms of retirement, but also in terms of taxation. You can ask for a loan on such deposits in the amount of 50%, 20% or 10% of the total investment for the year, up to $ 2 000 (or up to $ 4 000, if you are married and served with your spouse), depending on income.

81. Defer social assistance from 66 to 67

Every year, on which you postpone the beginning of receipt of checks on social insurance (Social Security), your allowance is growing at 6,5% -8%. If your allowance is $ 1 300 per month at the age of 66, which is the average for that age, then you will receive $ 104 per month more (or $ 1 248 per year) if you wait another year.

Photo: depositphotos.com

82. Get an extra savings bonus from the company (match)

Most large employers automatically sign up employees for 401 (k) plans, but about a fifth still do not participate, according to Vanguard. Even if you agree to defer from 1% to 2% of your salary each year, you can easily get an extra $ 1 000 per year, if you take into account that most of the plans of the company offer their addition to your amount (match), that is, on average, up to 4% of salary.

83. Defeat default

Simple participation in the 401 (k) plan is a good start. But it is not enough to secure your pension (or to double the amount from the company). Most employers automatically record their employees for savings of 3% or less, according to Vanguard. Bring this number to 6%, and you will end the year with an extra $ 1 000 - and also in complete peace of mind.

84. Elderly people can take advantage of the age tax holidays.

Owning a home aged 65 and older is accompanied by a multitude of state tax breaks. In almost every state, tax breaks can reduce the estimated value of your home. Most states offer loans for a “circuit breaker” to retire pensioners for part of the property taxes that they have already paid during the year. And, finally, in more than 40 states, older people can benefit from the limits on the annual increase in the estimated value of their property, limiting property tax rates or freezing based on estimates.

Optimize tuition fees

85. Apply FAFSA

Approximately 60% of high school students last year submitted a free application for federal student assistance (FAFSA), according to National College Access Network. But this form must take each high school student aiming for college. Why? Yes, because it is the way to billions of dollars allocated to federal and state grants every year. Among them - Pell grant for low-income families. The average amount of such a grant is approximately $ 3 700 per year.

86. Do not miss the local scholarships.

Local competition scholarships are often significantly lower, and checks are written for amounts ranging from $ 500 to $ 1 000 per semester. Start your search with local Rotary clubs, veteran groups, affiliates of the American Association of University Women, clubs Elks and church groups. Ask the office of your school adviser where else to go for a local scholarship - they should have ideas.

Photo: depositphotos.com

87. Discard the hostel

Accommodation and meals in public four-year colleges today are more expensive than the cost of study, according to College board. Reduce these costs (on average $ 10 800) - look for the best deals outside the campus. For example, look for a co-operative cohabitation option in which tenants take on some of the housework responsibilities in exchange for rent reductions. According to North American Students of Cooperation, this option can save from 20% to 50% of the cost of rental housing from private owners on campus.

88. Get the support of your employer

Many large companies offer up to $ 5 250 per year as a tax-free reimbursement of tuition fees. With this money, you can pay part of a second higher education or some course to gain skills in the requested field such as coding, data analysis or entrepreneurship. Even if your employer does not have an official program, ask your boss if the company can offer you financial assistance for training. In your application, be sure to indicate how much the program costs, what you learn, and how it will benefit the team.

89. Gnaw the granite of science abroad

“Thinking about studying abroad? It is better to go as an exchange student. Although so you will be less patronize, but you can avoid the high cost of the program and even pay for tuition in some countries. As a college student, I went to the University of Southern Denmark on an exchange program. As university education in Denmark is free, I spent only $ 5 000 for five months for accommodation, food, transportation, and other necessities. This is less than a third of $ 18 000 - the average estimated cost of a semester of study abroad, according to International Institute of Education". - Reviewed by Megan Leonhardt

90. Take a tax credit American Opportunity

You can reduce the cost of training up to $ 2 500, deducted from your tax. If you owe less, you can get a refund in 40% of the outstanding amount, or up to $ 1 000. One trick: this test can only be applied to the first four years of college.

91. Take a tax credit for tuition

Get 20% of the first $ 10 000 eligible educational expenses that are for you or your family, and reduce your tax bill to $ 2 000. The best part: this credit can be applied to any courses in a qualifying college that are required for a degree or certificate, or simply to improve work skills. There are no restrictions on the number of years in which you can use a credit. To receive it, your gross income, as amended and changed, must be below $ 65 000 for single holders or $ 131 000 and less for married people who are served together.

92. Subtract your student loans

Subtract up to $ 2 500 of interest paid if your gross income with changes is $ 65 000 for single applicants or $ 135 000 for those who are served together. Individuals earning up to $ 80 000 (or couples up to $ 165 000) may ask for a partial deduction. This means that you can save up to a maximum of $ 625 per year. But even if you take the maximum, you can still increase the savings by subscribing to the automatic payment of the person who services your loan, and this will reduce your interest rate by 0,25%, that is, save an additional $ 10-15 per month for those who owe a considerable amount amount of.

Save money all family

Photo: depositphotos.com

93. Teach your child to the pot

Diapers now cost 33 ¢ apiece, so if you teach a child to use the pot in 2, and not in 3, you can easily save $ 1 000 per year. Most Americans have been doing this since the end of 1950, just like parents in many other countries, according to Michelle Swoney of thepottyschool.com.

94. Share a nanny with other families

Establish your local child-care cooperative. Amy Suardi, mother of five, and blog author Frugmal mama, says that you need to try to find at least five willing families to begin with. “It's like fire,” she says. “It is necessary to blow on it at the very beginning in order to inflame more strongly.”

95. Refuse to attend wedding

The average cost of attending a wedding outside the city, according to American Express, is $ 1 184 for a pair. Better invite the newlyweds to dinner with champagne, advises relationship expert Epil Masini.

96. Hire a person on the program au pair

The average weekly cost of babysitting services, according to Care.comis $ 556. Maybe you want to hire someone with less experience, but knowledge of a foreign language? If you hire a person on the program At par, say the experts of this site, you can save about $ 200 per week.

97. Get discounts on children's sports

Gymnastics such as gymnastics can cost more than $ 1 000 per year. But not necessarily pay the full cost. “Call them and find out,” says Elizabeth Limy, host of the podcast. Easy Money. “This information is not always on the site.” Leagues that do not offer discounts may be aware of government grants. Local city councils in the area of ​​Limi on the outskirts of DC offer grants for children from low-income families and military families, she says.

98. Wedding Tip # 1: Change the date

“If the establishment costs $ 7 000 on Saturday, then most likely, you can negotiate a lower price on Friday, Sunday or Thursday,” says wedding planning expert Crystal Salazar. Some hotels in New York, for example, offer a discount around $ 33-66 per person if you are celebrating a wedding on Friday or Sunday. Wedding for 100 guests will therefore cost you $ 3 600 for less.

99. Wedding Tip # 2: Save on flowers

Flowers for a wedding can cost up to $ 5 000, according to the resource. TheKnot.com. Instead, you can hang colored canvases on the walls and tables, and then combine the flowers that you still bought with eclectic vases or one central composition, says wedding planning expert Nahir Farhud. This can save you up to $ 2 000, if the wedding is on 100-200 guests.

100. Wedding Tip # 3: Serve Wine and Beer

Cocktails on the bar average $ 10 to $ 12, beer $ 6, and wine $ 8, according to Farhud. This means that at a wedding on 150 guests you can easily save about $ 1 000 if you give up strong alcohol (one drink per person). Another tip: supply tap water instead of bottled water, which can cost up to $ 6 per bottle in expensive establishments.

101. Hire an accountant

“I write about personal finances, so I have always been proud of myself filling out my tax returns. But my wife is a priest, and this complicates things. We paid a few hundred dollars for the services of a professional, and he didn’t just solve my wife’s financial issues, he also pointed out to me the tax calculations I missed - for example, union fees. ” - Reviewed by Ian Salisbura

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