4 Ways to Make More Money With Almost No Extra Work

Due to rising living costs nationwide, many people are looking for ways to make more money. If you have minimal free time, it may be hard to dedicate much of it to boosting your income. The good news is there are a few ways to make more money with minimal work or time involved. Here are a few ideas to explore if you want to increase your bank account balance.

1. Credit card bonus offers

If you use credit cards, here's a relatively easy way to earn extra cash. Many credit card issuers advertise welcome bonus offers to new cardholders. You can earn the bonus if you get a new card and meet the minimum spending requirements in the allotted time frame. Many of the best cash back credit cards offer attractive cash back bonuses to new cardholders. For regular credit card users, bonus offers like this can be lucrative. However, it's essential to be cautious when spending with credit cards. Only charge what you can afford to avoid credit card debt.

2. Cash back apps

If you're a frequent shopper, it's a good idea to try out cash back apps. You can earn money back while making everyday purchases. Cash back apps like Rakuten are free to use and make it easy to earn extra cash without altering your shopping habits. Many of the best cash back apps can be used for both in-store and online purchases, so there are plenty of ways to earn rewards.

3. Bank account welcome bonuses

Similarly to credit cards, many banks promote lucrative bonus offers. You could earn some extra cash if you open a bank account and meet the welcome offer conditions. If you've been considering opening a new bank account, a welcome bonus could be an excellent reason to switch banks, as you'll get to boost your checking account balance in the process. Ensure you review the offer's full terms before opening an account to ensure you're eligible for the bonus and meet all the conditions.

4. Credit card cash back offers

Another way to use credit cards to earn extra income is by taking advantage of cash back offers. Some credit card issuers have cash back offers built into their websites and mobile apps. Here's how it works: You browse offers from retailers and then activate the offers that appeal to you. When you use your credit card to make a purchase and meet the conditions of the offer, you'll earn cash back. While most programs pay out cash back as a statement credit to your credit card account, any extra cash back earned can be a win for your personal finances.

Get creative when looking for ways to increase your income

You're not alone if you're looking for ways to boost your income. Life is expensive, and most people seek ways to save or earn more. If you're struggling to find a better-paying job or have been denied a raise by your employer, be creative and think outside the box as you look for ways to make more money. Having more money in the bank can give you more flexibility to reach your financial goals, like building an emergency fund or paying off debt.