Saving money or Making money?

In our opinion they are equally important. You can achieve the same result with either but they require different commitments and skills.

If you’re currently spending $5,000 a year more than you earn whether you earn an extra 5k or whether you ditch the second car and save 5k on your expenses they will both give you a net result of 0 on your annual budget.

Now imagine if you could do both? What could you do with that extra $5,000?

Obviously making extra money will require a lot more effort and time input, but it can be very rewarding, especially if you can make the money doing something you love. We recommend this as you are less likely to get bored and you probably already have most of the skills required to make the most of it.

Whether that extra income comes from your love of model railway, so you start buying and selling secondhand trains via TradeMe and your own online store, or if it’s due to you enjoying relaxing at the end of the day in your garden and you start doing this for other people.

If you can make a call and save $20 a month on your power bill, another $10 a month on your phone and internet, and you use a spare 5 hours a week making $30 an hr gardening then your annual budget is suddenly $8,000 better off! (not including taxes or other fees)

We will cover as many of these options in detail so you can become financially better off.

Let us know what you have done to save money or make more money and share with our users?