Easy Ways to Boost Your Income

Whether you need a temporary boost or an extra hundred bucks or two a month, these tips just might apply to you.

Increase your income with great tips from Mary Hunt. Ground Picture/Shutterstock

Of all the people I know and love, I can’t think of anyone who wouldn’t welcome a small income boost this month—or any month, for that matter. Whether you’re between jobs, figuring out how to cover a bill or hoping to stash more cash into savings, get your creative juices flowing with these ideas.

Don’t Over-Insure

You need term life insurance. The recommended is 8 to 10 times the annual income of the single breadwinner; in a two-income family, insure each spouse for 6 to 8 times their annual gross salary. But you can confidently cancel duplicate coverage.

Caution: Get a term life policy first if you don’t have one, then cancel the duplicates. Don’t leave even the tiniest gap between coverage.