For the past decade or so, it seems gold and brass have been the metals of the moment in the interior design world, closely aligned to the fashion cycle that’s placed them at the forefront. But the tides could be turning. With 2000s fashion having a full-circle moment, so are the cool steely tones of the early aughts and late ‘90s, paving the way for a prominent silver home decor trend.
“Silver and gold like to fight for the spotlight every year, and this year, silver has won,” says Bethany Struble, lead designer at Totum Home. She explains that this recent victory is a direct correlation to runway shows of recent seasons — think the silver brooch trends that dominated the Fall/Winter 2024 runways of Miu Miu, Chanel, and Tory Burch and the silver statement necklaces and earrings seen at Prabal Gurung and Carolina Herrera, respectively — that now has consumers embracing the shimmering silver tones.
Although silver may have once been associated with wealth and status, Struble says, this time around, it feels a bit more casual and approachable compared to gold (especially if you lean toward shiny finishes) and this modern take on the metal has more of a laidback edge to it.
“I think it connotes something futuristic,” says Alex Bass, an interior designer, art curator, and founder of Salon 21, a fine art and interior design studio, drawing comparison to the decor of the Space Race era of 1950s and 1960s, which had a silver-clad, futuristic look.
Embracing this trend is all about incorporating subtle accents that can elevate your space through their shimmering finish. From accent lighting to shelving, here’s how Bass and Struble say to embrace the classic metal.
How To Decorate With Silver Pieces
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Small Touches
When trying new trends, it always helps to start small. Bass says one of the best ways to dip into silver aesthetics is to add small touches here and there, whether it be through barware, picture frames, planters, or even accent lighting. “I love adding a silver table lamp to a space — it creates a visual interest without being too much,” Bass notes.
Add Dimension Through Shelving
“Silver is also reflective, so it’s a fun way to add dimension to a space,” Bass explains. To up the ante on dimension while still keeping things subtle, she recommends adding silver etageres to your space or using similar-looking items like side tables or even serving trays as decor items.
Mirrors
Accent mirrors automatically have a silver touch to them, so they’re an easy way to add this cool metallic tone to your space. Bass says to take this a step further and choose mirrors with silver frames. “Having a silver border makes it more decorative,” she explains, noting that mirrors also help a space appear larger. You can also incorporate more metallic tones in your wall art through framing. (And, if you do go for a silver frame, be sure to include a silver picture light to elevate the finished piece.)
Cabinet Knobs & Drawer Pulls
Your cabinets and dresser drawers are another easy way to lean into a trend. To add more silver tones to your space, Struble recommends swapping out your cabinet knobs and drawer pulls for the cool-toned metallic.
Mixing Metals
Decorating with silver doesn’t mean you need to swap out all of your gold and brass accents. Instead, finding a balance between the various tones can be chic — just like it is with your jewelry.
“Mixing metals is easier than you might think,” says Struble. Since silver has a more neutral tone, it’s easy to pair with most other metal finishes, and you don’t have to think too hard to create a balance — not just in metallics but in your overall decor look. “Silver and gold together open up a lot of opportunity to style with warm and cool tones in the same space,” Struble explains.
When decorating with mixed metals, Bass recommends finding pieces that you love and that fit the same aesthetic to ensure they pair together seamlessly, even if they have different tones. And, if you want to embrace the current style without it feeling too trendy, she says to look for vintage brass and silver pieces at antique malls and thrift stores for a more timeless look that will never go out of style.
Want to learn how to make quick money in one day? There are plenty of opportunities out there that let you earn some extra cash without a long-term commitment or if you need cash immediately. Whether you prefer working online or doing tasks around your neighborhood, you can find a side hustle that fits your…
Want to learn how to make quick money in one day? There are plenty of opportunities out there that let you earn some extra cash without a long-term commitment or if you need cash immediately.
Whether you prefer working online or doing tasks around your neighborhood, you can find a side hustle that fits your skills and schedule. From driving for a rideshare to selling unused items, making quick money in a day is more achievable than you might think.
I have personally done most of the side hustles below, so I know they are real.
Best Ways To Make Quick Money in One Day
Below are the best ways to make quick money in one day:
1. Flip items for resale
Flipping items for resale is a fast way to make money. You buy things at a low price and sell them for more. And you can even start with stuff you already have at home.
You can sell clothes, old phones, books, unused gift cards, kitchen items, and jewelry.
Many people have lots of items just lying around, so you could easily find things to sell without spending a dime to buy new stock.
Selling your items can be quick too by listing your stuff on sites like eBay, Craigslist, or Facebook Marketplace. These platforms have many buyers looking for good deals.
Recommended reading: How I Made $40,000 In One Year Flipping Items
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
2. Sell your clothes
When I was younger, I worked at a secondhand clothing store for a few years. I know how great these shops are, especially for making extra money.
I have sold a lot of clothes over the years, both online and in person. I even had a small business reselling clothes. So, I know a lot about selling used clothes!
Selling your clothes is a great way to clean out your closet and make some quick cash. You probably have clothes lying around that you don’t wear anymore, maybe because they don’t fit or aren’t your style.
You can begin by gathering items you no longer need. Check that they’re clean and in good condition. Next, decide where you want to sell them.
Local secondhand and consignment shops are an option if you prefer selling in person. These shops buy used clothes and pay you in cash or store credit. It’s quick and straightforward, but remember they might not accept everything. Secondhand and thrift stores like Plato’s Closet will give you cash the same day, so this is a good option if you need money right now.
Selling online gives you a bigger audience and more options. Sites like ThredUp make it easy. Order a Clean Out Kit, fill it with clothes, and send it back. ThredUp handles almost everything.
Another option is Poshmark. This is an app where you can list your clothes, set prices, and sell directly to buyers. You take photos, write descriptions, and ship items after they sell. Poshmark takes a small fee from each sale.
EBay is also popular. You just create listings, set starting bids, and see how much you can earn. Auctions can end quickly, so it’s great for fast sales.
Instagram can also be a fun place to sell if you have a following. You can post pictures of your clothes, add hashtags, and engage with your buyers.
Here are 16 Best Places To Sell Clothes For Cash.
3. Sell old electronics
Selling old electronics can be a great way to make quick money in one day.
You can start by looking around your home for unused gadgets such as old phones, laptops, tablets, or even game consoles.
Your old electronics can be sold on sites like Decluttr, Facebook Marketplace, and Craigslist. Retailers like Apple, Amazon, and Best Buy also have trade-in programs. You can exchange your old devices for gift cards to use at their stores.
If you want quick cash, these methods are fast and convenient. Just gather your old electronics, pick the best place to sell, and you could have extra money in your pocket by the end of the day.
4. Dog walking and pet sitting
Dog walking is a fun and easy way to make money quickly. If you love dogs and enjoy spending time outdoors, this can be a great option for you. There are several dog walking apps that connect dog walkers with pet owners.
One popular app is Rover. It’s easy to sign up and get started. You can set your own rates and choose when you want to work. Many people find Rover helpful because there’s always a demand for dog walking services.
Another popular app is Wag for people looking for a pet sitter.
Dog walking rates can vary. Typically, you can earn between $15 and $30 per hour, depending on the number of dogs and the length of the walk. This can add up quickly, especially if you take multiple jobs in one day.
My mother-in-law as well as my sister are both dog walkers and really enjoy what they do!
5. Complete online surveys
Doing online surveys is a simple way to make quick money in one day. Many companies want your opinion to improve their products or services, and by sharing your thoughts, you can earn cash or gift cards.
Some paid survey sites where you can take surveys include:
Freecash
Prime Opinion
Five Surveys
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Earning money from answering surveys isn’t quick and won’t make you rich. But if you have an hour, it’s an easy way to make a little extra cash.
I have answered a lot of surveys over the years. I liked that I could do them during little breaks in my day, like before and after work, during lunch, or while riding in a car. They are easy to answer and usually only take a few minutes.
6. Freelance work
Freelance jobs are a great way to make fast money. You can use your skills to help others and get paid for it. Plus, lots of people need freelance writers, graphic designers, and web developers.
Here are some ideas:
If you enjoy writing, you can find jobs that need blog posts, articles, or even editing. Websites like Upwork and Fiverr connect you with clients who need these services.
Are you good at art or graphic design? Many businesses look for freelance graphic designers. They need help with logos, social media posts, and website designs.
Web developers can also find plenty of work online. You could help build a website or fix one that’s already running. Code issues can be tricky for many, but if you’re good at it, you can get paid well.
You can also offer services like proofreading, transcription, or even managing social media accounts. These jobs can be done quickly and still earn you money.
Freelancing gives you the freedom to choose what you do and when you work. Since it’s online, you can do it from the comfort of your home. It’s a flexible way to make quick cash on your own schedule.
I have been a freelancer for years, and I think it’s a great way to make more money.
You can learn more at 16 Best Freelance Jobs & How To Get Started.
7. Sell crafts on Etsy
Selling crafts on Etsy is a fun and creative way to make quick money. Many buyers love unique, handmade items that they can’t find anywhere else.
I shop on Etsy all the time (I actually just bought a custom card for someone as well as a specific live plant that I couldn’t find anywhere in person!).
Items like jewelry, handmade soaps, and candles are very popular. These items are easy to make and tend to sell well. Stickers and printables also have a big market and can be a good way to make a passive income stream. You can also make bath products like sugar scrubs and geode bath bombs. People love these items because they are both pretty and useful.
Here are 16 Best Things To Sell On Etsy To Make Money.
8. Rent out a spare room
Renting out a room is a great way to make money fast. If you have a spare room, you can try listing it on sites like Airbnb, Facebook, or Craigslist.
You can rent your room for a night, a week, one month, or even longer. This flexibility allows you to choose what works best for your schedule.
When I was younger, I had extra bedrooms in my house and rented them out to roommates. I rented to long-term renters and people I knew, like friends and my sister. It didn’t cover my whole mortgage, but it covered about half, which I thought was great!
9. Food delivery
Food delivery jobs can help you make quick money in one day. There are many food delivery apps and services that need drivers to deliver meals from restaurants and grocery stores to customers.
One popular option is DoorDash. As a DoorDash driver, you pick up food from local restaurants, deliver it to customers, and you can keep 100% of your tips and cash out daily.
Another good choice is Uber Eats. With Uber Eats, you set your own hours and enjoy the freedom of no boss. You can deliver food in your spare time and get paid fast.
For grocery delivery, there is Instacart. Instacart is a popular website for people who want to make extra money by shopping for and delivering groceries.
These food delivery services are flexible. You can work whenever you have free time and you can typically cash out your earnings the same day, so this is great if you need to make money quickly.
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Instacart is a popular website for people looking to earn extra money shopping for and delivering groceries. Instacart gives you the option to turn your free time into a chance to make some extra money.
10. Participate in focus groups
Participating in focus groups is a quick way to make money in one day. Companies want your opinion on products or services, and they pay well for it. You can earn between $50 and $150 for an hour of your time.
Focus groups can be done online or in person. Online focus groups are convenient because you can join from home, and in-person groups might offer even higher payouts.
User Interviews is a popular site to find focus groups to take part in.
To get started, sign up on these websites and fill out your profile. Companies will contact you when a study matches your profile.
I did a user interview once and got paid $400 for just one hour of work. It was easy and done online through a video call to get my opinion on a new website feature.
Recommended reading: 19 Best Places To Find Paid Research Studies
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User Interviews pays very well for market research studies and these are some of the highest paying online surveys, with each paying $50 to $100 or more. The average pays over $60.
11. Provide handyman services
If you’re good at fixing things, selling handyman services can be a quick way to make money. Many people need help with small repairs around the house like fixing leaky faucets, installing ceiling fans, or even putting up pictures. These jobs don’t take long and can be done on short notice.
You can start by putting up flyers in your neighborhood or posting on local community boards online (for example, there’s probably a Facebook group for your town that you can join and post on).
You can also use apps like Taskrabbit to find jobs quickly. These apps connect you with people looking for immediate help. This way, you don’t have to wait long to start earning money.
You are typically paid the same day you finish the job for handyman services.
I have personally hired different handymen over the years for all sorts of services, such as a bathroom cabinet install, painting a bedroom, flooring repair, and even a roof repair.
12. Play game apps
Ever thought about making money just by playing games on your phone? There are plenty of apps where you can do just that.
Here’s a quick list of the top game platforms that pay real cash:
KashKick
Swagbucks
InboxDollars
Freecash
Game apps pay real money rewards because they earn money from ads and in-app purchases. They share a part of their earnings with players like you and me to keep them engaged and playing their games.
Recommended reading: 23 Best Game Apps To Win Real Money
13. Have a yard sale
Having a yard sale (or garage sale) is a great way to make quick money in just one day. It helps you declutter your home and turn unwanted items into cash.
You usually can’t ask for a really high price on anything, but it can be a way to sell a lot of things at once and make some cash in one day.
You can sell all sorts of things – basically anything and everything that you own.
14. Sell unused gift cards
Lots of people have gift cards they never use. Maybe you have one for a store you don’t shop at. Instead of letting it collect dust, you can sell it and get cash.
Many websites let you trade your card for money such as Raise and CardCash, which are two popular sites. They usually give you around 90% of the card’s value.
To sell a gift card, you’ll enter the store’s name and the card’s balance. You’ll get an offer right away, and if you accept it, you can get paid by PayPal, direct deposit, or even a check.
15. Find unclaimed money
Did you know there might be money out there waiting for you to claim it? It’s called unclaimed money, and it’s typically from forgotten accounts, old jobs, or refunds.
To see if you have any free money to claim, go to unclaimed.org. This site is run by the National Association of Unclaimed Property Administrators (NAUPA).
The site will then take you to missingmoney.com. This is a helpful tool that works with states to help people find their unclaimed money. You just need to enter your first name, last name, and state.
It’s free to search and free to claim your money. So, take a few minutes to check it out. You might find some extra money waiting for you!
I just looked and I had around $60 in free money that I could claim!
16. Babysit for neighbors
Babysitting is a great way to make quick money. Many parents need help, especially on weekends or evenings.
Let your neighbors know you are available. You can also ask friends to spread the word or even post in local Facebook groups.
17. Search for Craigslist gigs
Craigslist can be a great place to find quick-paying jobs. Many people need help with tasks, and they post ads looking for workers who can start right away.
To find Craigslist gigs in your town, go to Craigslist and look for the “gigs” section.
You can find jobs like yard cleanup, moving help, helping around the house, putting up flyers, event staff, selling plasma, tutor help, and more.
Some gigs you find may even be more specialized, like participating in local medical research studies. These gigs can pay quite a bit more, sometimes up to $1,000.
18. Wash or detail cars
Washing or detailing cars is a great way to make quick money. You can start by selling your services to friends, family, and neighbors. Most people appreciate a clean car and may not have the time to do it themselves.
You don’t need much to get started and most likely just need basic supplies like soap, sponges, towels, and a vacuum can be enough. For detailing, you might need some special products like polish and wax.
Once you get a few clients, word of mouth can help you grow your business. People will recommend you if you do a good job. Plus, you can adjust your pricing based on how much time and effort each job takes.
19. Cash in your coins
Do you have a jar full of coins sitting around? Cashing them in can be a quick way to get some extra money.
First, look for a nearby bank or credit union that you belong to as many will exchange coins for free if you have an account with them.
Coinstar machines are another option. These are usually found in grocery stores and retail shops. Be aware that they charge a fee if you want cash. To avoid the fee, sometimes you can opt for an egift card instead.
Learn more at Where To Cash Coins For Free Near Me – 9 Best Places.
20. Clean homes
One way to make quick money in a day is by cleaning homes. You can get paid to clean houses, apartments, or short-term rentals like those listed on Airbnb.
Cleaning tasks can include vacuuming, dusting, mopping floors, and cleaning bathrooms, and you might also need to do things like changing bed linens and washing dishes.
21. Sign-up bonuses
Sign-up bonuses are a way to make some quick money.
Many apps and websites offer these bonuses to encourage you to join them. They often come in the form of cash, gift cards, or rewards points.
Some places that give sign-up bonuses include:
Sometimes when you open a bank account, you can also get a sign-up bonus too!
22. Recycle items
Recycling can be a great way to earn quick money.
Here are some items you may be able to recycle for extra money:
Aluminum cans are easy to collect and recycle.
You can also gather old newspapers and cardboard boxes.
Metals like copper, brass, and steel can get you a good price. Sort them into different types before taking them to the scrapyard. Scrapyards often pay for clean and separated metals.
Glass bottles and jars are another option. Collect them from friends, neighbors, or local events. Check with recycling centers to see how much they pay per bottle.
Even cooking oil can be sold to companies that convert it into biodiesel or soap. Save your used cooking oil in containers and find a local recycler who buys it.
Don’t forget about selling books! Old textbooks or novels can be sold online or at local bookstores. Sites like eBay and Amazon have buyback programs that offer cash or store credit.
To make the most money by recycling, gather as much as you can, store it safely, and take it to the right place.
Frequently Asked Questions
Here are answers to common questions on how to make quick money in just one day.
How can I make money ASAP today?
If you need to learn how to get quick money in one day without paying anything, then I recommend finding things around your home to sell, such as clothes, jewelry, books, an old phone, and more.
How can I make $100 per day?
There are many ways to make $100 a day. You can sell items you don’t need like old clothes or electronics. You can also flip items for resale or sell services like cleaning or home repair.
How can you actually make $1000 a day?
Making $1000 in a day is tough but not impossible. It might involve selling high-value items like jewelry, doing freelance work, or offering specialized services. Jobs in the gig economy, such as driving or delivering, can earn you money immediately, and you can combine them with other gigs to boost your daily earnings.
How can I make money in just hours?
Try quick tasks like dog walking, babysitting, or selling items from around your home.
How to make quick money in one day as a kid?
Kids can earn money by doing chores, babysitting, or selling homemade crafts. Offering to mow lawns or do yard work for your neighbors is also a good option.
How to make quick money in one day on my phone?
Your phone can help you earn money in various ways too. You can sell things you don’t need or use your skills on freelance platforms. Answering surveys, selling photos, or being a virtual friend can also earn you money, all from the comfort of wherever you are.
How to make quick money in one day online?
To make quick money in one day online, you can take online surveys, freelance your skills, or sell items on eBay or other platforms. You can also offer services on gig websites like Fiverr.
How To Make Quick Money in One Day – Summary
I hope you enjoyed this article on how to make quick money in one day.
If you need money immediately, there are many things you can do to make money today. Whether you’re saving for a goal or dealing with an unexpected expense, these tips can help you achieve financial flexibility in just one day.
Some may be more of a part-time side gig, whereas others can be a full-time income. It all just depends on what you’re looking for.
What do you think is the best way to make money in one day?
Want to learn how to make quick money in one day? There are plenty of opportunities out there that let you earn some extra cash without a long-term commitment or if you need cash immediately. Whether you prefer working online or doing tasks around your neighborhood, you can find a side hustle that fits your…
Want to learn how to make quick money in one day? There are plenty of opportunities out there that let you earn some extra cash without a long-term commitment or if you need cash immediately.
Whether you prefer working online or doing tasks around your neighborhood, you can find a side hustle that fits your skills and schedule. From driving for a rideshare to selling unused items, making quick money in a day is more achievable than you might think.
I have personally done most of the side hustles below, so I know they are real.
Best Ways To Make Quick Money in One Day
Below are the best ways to make quick money in one day:
1. Flip items for resale
Flipping items for resale is a fast way to make money. You buy things at a low price and sell them for more. And you can even start with stuff you already have at home.
You can sell clothes, old phones, books, unused gift cards, kitchen items, and jewelry.
Many people have lots of items just lying around, so you could easily find things to sell without spending a dime to buy new stock.
Selling your items can be quick too by listing your stuff on sites like eBay, Craigslist, or Facebook Marketplace. These platforms have many buyers looking for good deals.
Recommended reading: How I Made $40,000 In One Year Flipping Items
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
2. Sell your clothes
When I was younger, I worked at a secondhand clothing store for a few years. I know how great these shops are, especially for making extra money.
I have sold a lot of clothes over the years, both online and in person. I even had a small business reselling clothes. So, I know a lot about selling used clothes!
Selling your clothes is a great way to clean out your closet and make some quick cash. You probably have clothes lying around that you don’t wear anymore, maybe because they don’t fit or aren’t your style.
You can begin by gathering items you no longer need. Check that they’re clean and in good condition. Next, decide where you want to sell them.
Local secondhand and consignment shops are an option if you prefer selling in person. These shops buy used clothes and pay you in cash or store credit. It’s quick and straightforward, but remember they might not accept everything. Secondhand and thrift stores like Plato’s Closet will give you cash the same day, so this is a good option if you need money right now.
Selling online gives you a bigger audience and more options. Sites like ThredUp make it easy. Order a Clean Out Kit, fill it with clothes, and send it back. ThredUp handles almost everything.
Another option is Poshmark. This is an app where you can list your clothes, set prices, and sell directly to buyers. You take photos, write descriptions, and ship items after they sell. Poshmark takes a small fee from each sale.
EBay is also popular. You just create listings, set starting bids, and see how much you can earn. Auctions can end quickly, so it’s great for fast sales.
Instagram can also be a fun place to sell if you have a following. You can post pictures of your clothes, add hashtags, and engage with your buyers.
Here are 16 Best Places To Sell Clothes For Cash.
3. Sell old electronics
Selling old electronics can be a great way to make quick money in one day.
You can start by looking around your home for unused gadgets such as old phones, laptops, tablets, or even game consoles.
Your old electronics can be sold on sites like Decluttr, Facebook Marketplace, and Craigslist. Retailers like Apple, Amazon, and Best Buy also have trade-in programs. You can exchange your old devices for gift cards to use at their stores.
If you want quick cash, these methods are fast and convenient. Just gather your old electronics, pick the best place to sell, and you could have extra money in your pocket by the end of the day.
4. Dog walking and pet sitting
Dog walking is a fun and easy way to make money quickly. If you love dogs and enjoy spending time outdoors, this can be a great option for you. There are several dog walking apps that connect dog walkers with pet owners.
One popular app is Rover. It’s easy to sign up and get started. You can set your own rates and choose when you want to work. Many people find Rover helpful because there’s always a demand for dog walking services.
Another popular app is Wag for people looking for a pet sitter.
Dog walking rates can vary. Typically, you can earn between $15 and $30 per hour, depending on the number of dogs and the length of the walk. This can add up quickly, especially if you take multiple jobs in one day.
My mother-in-law as well as my sister are both dog walkers and really enjoy what they do!
5. Complete online surveys
Doing online surveys is a simple way to make quick money in one day. Many companies want your opinion to improve their products or services, and by sharing your thoughts, you can earn cash or gift cards.
Some paid survey sites where you can take surveys include:
Freecash
Prime Opinion
Five Surveys
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Earning money from answering surveys isn’t quick and won’t make you rich. But if you have an hour, it’s an easy way to make a little extra cash.
I have answered a lot of surveys over the years. I liked that I could do them during little breaks in my day, like before and after work, during lunch, or while riding in a car. They are easy to answer and usually only take a few minutes.
6. Freelance work
Freelance jobs are a great way to make fast money. You can use your skills to help others and get paid for it. Plus, lots of people need freelance writers, graphic designers, and web developers.
Here are some ideas:
If you enjoy writing, you can find jobs that need blog posts, articles, or even editing. Websites like Upwork and Fiverr connect you with clients who need these services.
Are you good at art or graphic design? Many businesses look for freelance graphic designers. They need help with logos, social media posts, and website designs.
Web developers can also find plenty of work online. You could help build a website or fix one that’s already running. Code issues can be tricky for many, but if you’re good at it, you can get paid well.
You can also offer services like proofreading, transcription, or even managing social media accounts. These jobs can be done quickly and still earn you money.
Freelancing gives you the freedom to choose what you do and when you work. Since it’s online, you can do it from the comfort of your home. It’s a flexible way to make quick cash on your own schedule.
I have been a freelancer for years, and I think it’s a great way to make more money.
You can learn more at 16 Best Freelance Jobs & How To Get Started.
7. Sell crafts on Etsy
Selling crafts on Etsy is a fun and creative way to make quick money. Many buyers love unique, handmade items that they can’t find anywhere else.
I shop on Etsy all the time (I actually just bought a custom card for someone as well as a specific live plant that I couldn’t find anywhere in person!).
Items like jewelry, handmade soaps, and candles are very popular. These items are easy to make and tend to sell well. Stickers and printables also have a big market and can be a good way to make a passive income stream. You can also make bath products like sugar scrubs and geode bath bombs. People love these items because they are both pretty and useful.
Here are 16 Best Things To Sell On Etsy To Make Money.
8. Rent out a spare room
Renting out a room is a great way to make money fast. If you have a spare room, you can try listing it on sites like Airbnb, Facebook, or Craigslist.
You can rent your room for a night, a week, one month, or even longer. This flexibility allows you to choose what works best for your schedule.
When I was younger, I had extra bedrooms in my house and rented them out to roommates. I rented to long-term renters and people I knew, like friends and my sister. It didn’t cover my whole mortgage, but it covered about half, which I thought was great!
9. Food delivery
Food delivery jobs can help you make quick money in one day. There are many food delivery apps and services that need drivers to deliver meals from restaurants and grocery stores to customers.
One popular option is DoorDash. As a DoorDash driver, you pick up food from local restaurants, deliver it to customers, and you can keep 100% of your tips and cash out daily.
Another good choice is Uber Eats. With Uber Eats, you set your own hours and enjoy the freedom of no boss. You can deliver food in your spare time and get paid fast.
For grocery delivery, there is Instacart. Instacart is a popular website for people who want to make extra money by shopping for and delivering groceries.
These food delivery services are flexible. You can work whenever you have free time and you can typically cash out your earnings the same day, so this is great if you need to make money quickly.
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Instacart is a popular website for people looking to earn extra money shopping for and delivering groceries. Instacart gives you the option to turn your free time into a chance to make some extra money.
10. Participate in focus groups
Participating in focus groups is a quick way to make money in one day. Companies want your opinion on products or services, and they pay well for it. You can earn between $50 and $150 for an hour of your time.
Focus groups can be done online or in person. Online focus groups are convenient because you can join from home, and in-person groups might offer even higher payouts.
User Interviews is a popular site to find focus groups to take part in.
To get started, sign up on these websites and fill out your profile. Companies will contact you when a study matches your profile.
I did a user interview once and got paid $400 for just one hour of work. It was easy and done online through a video call to get my opinion on a new website feature.
Recommended reading: 19 Best Places To Find Paid Research Studies
10
User Interviews pays very well for market research studies and these are some of the highest paying online surveys, with each paying $50 to $100 or more. The average pays over $60.
11. Provide handyman services
If you’re good at fixing things, selling handyman services can be a quick way to make money. Many people need help with small repairs around the house like fixing leaky faucets, installing ceiling fans, or even putting up pictures. These jobs don’t take long and can be done on short notice.
You can start by putting up flyers in your neighborhood or posting on local community boards online (for example, there’s probably a Facebook group for your town that you can join and post on).
You can also use apps like Taskrabbit to find jobs quickly. These apps connect you with people looking for immediate help. This way, you don’t have to wait long to start earning money.
You are typically paid the same day you finish the job for handyman services.
I have personally hired different handymen over the years for all sorts of services, such as a bathroom cabinet install, painting a bedroom, flooring repair, and even a roof repair.
12. Play game apps
Ever thought about making money just by playing games on your phone? There are plenty of apps where you can do just that.
Here’s a quick list of the top game platforms that pay real cash:
KashKick
Swagbucks
InboxDollars
Freecash
Game apps pay real money rewards because they earn money from ads and in-app purchases. They share a part of their earnings with players like you and me to keep them engaged and playing their games.
Recommended reading: 23 Best Game Apps To Win Real Money
13. Have a yard sale
Having a yard sale (or garage sale) is a great way to make quick money in just one day. It helps you declutter your home and turn unwanted items into cash.
You usually can’t ask for a really high price on anything, but it can be a way to sell a lot of things at once and make some cash in one day.
You can sell all sorts of things – basically anything and everything that you own.
14. Sell unused gift cards
Lots of people have gift cards they never use. Maybe you have one for a store you don’t shop at. Instead of letting it collect dust, you can sell it and get cash.
Many websites let you trade your card for money such as Raise and CardCash, which are two popular sites. They usually give you around 90% of the card’s value.
To sell a gift card, you’ll enter the store’s name and the card’s balance. You’ll get an offer right away, and if you accept it, you can get paid by PayPal, direct deposit, or even a check.
15. Find unclaimed money
Did you know there might be money out there waiting for you to claim it? It’s called unclaimed money, and it’s typically from forgotten accounts, old jobs, or refunds.
To see if you have any free money to claim, go to unclaimed.org. This site is run by the National Association of Unclaimed Property Administrators (NAUPA).
The site will then take you to missingmoney.com. This is a helpful tool that works with states to help people find their unclaimed money. You just need to enter your first name, last name, and state.
It’s free to search and free to claim your money. So, take a few minutes to check it out. You might find some extra money waiting for you!
I just looked and I had around $60 in free money that I could claim!
16. Babysit for neighbors
Babysitting is a great way to make quick money. Many parents need help, especially on weekends or evenings.
Let your neighbors know you are available. You can also ask friends to spread the word or even post in local Facebook groups.
17. Search for Craigslist gigs
Craigslist can be a great place to find quick-paying jobs. Many people need help with tasks, and they post ads looking for workers who can start right away.
To find Craigslist gigs in your town, go to Craigslist and look for the “gigs” section.
You can find jobs like yard cleanup, moving help, helping around the house, putting up flyers, event staff, selling plasma, tutor help, and more.
Some gigs you find may even be more specialized, like participating in local medical research studies. These gigs can pay quite a bit more, sometimes up to $1,000.
18. Wash or detail cars
Washing or detailing cars is a great way to make quick money. You can start by selling your services to friends, family, and neighbors. Most people appreciate a clean car and may not have the time to do it themselves.
You don’t need much to get started and most likely just need basic supplies like soap, sponges, towels, and a vacuum can be enough. For detailing, you might need some special products like polish and wax.
Once you get a few clients, word of mouth can help you grow your business. People will recommend you if you do a good job. Plus, you can adjust your pricing based on how much time and effort each job takes.
19. Cash in your coins
Do you have a jar full of coins sitting around? Cashing them in can be a quick way to get some extra money.
First, look for a nearby bank or credit union that you belong to as many will exchange coins for free if you have an account with them.
Coinstar machines are another option. These are usually found in grocery stores and retail shops. Be aware that they charge a fee if you want cash. To avoid the fee, sometimes you can opt for an egift card instead.
Learn more at Where To Cash Coins For Free Near Me – 9 Best Places.
20. Clean homes
One way to make quick money in a day is by cleaning homes. You can get paid to clean houses, apartments, or short-term rentals like those listed on Airbnb.
Cleaning tasks can include vacuuming, dusting, mopping floors, and cleaning bathrooms, and you might also need to do things like changing bed linens and washing dishes.
21. Sign-up bonuses
Sign-up bonuses are a way to make some quick money.
Many apps and websites offer these bonuses to encourage you to join them. They often come in the form of cash, gift cards, or rewards points.
Some places that give sign-up bonuses include:
Sometimes when you open a bank account, you can also get a sign-up bonus too!
22. Recycle items
Recycling can be a great way to earn quick money.
Here are some items you may be able to recycle for extra money:
Aluminum cans are easy to collect and recycle.
You can also gather old newspapers and cardboard boxes.
Metals like copper, brass, and steel can get you a good price. Sort them into different types before taking them to the scrapyard. Scrapyards often pay for clean and separated metals.
Glass bottles and jars are another option. Collect them from friends, neighbors, or local events. Check with recycling centers to see how much they pay per bottle.
Even cooking oil can be sold to companies that convert it into biodiesel or soap. Save your used cooking oil in containers and find a local recycler who buys it.
Don’t forget about selling books! Old textbooks or novels can be sold online or at local bookstores. Sites like eBay and Amazon have buyback programs that offer cash or store credit.
To make the most money by recycling, gather as much as you can, store it safely, and take it to the right place.
Frequently Asked Questions
Here are answers to common questions on how to make quick money in just one day.
How can I make money ASAP today?
If you need to learn how to get quick money in one day without paying anything, then I recommend finding things around your home to sell, such as clothes, jewelry, books, an old phone, and more.
How can I make $100 per day?
There are many ways to make $100 a day. You can sell items you don’t need like old clothes or electronics. You can also flip items for resale or sell services like cleaning or home repair.
How can you actually make $1000 a day?
Making $1000 in a day is tough but not impossible. It might involve selling high-value items like jewelry, doing freelance work, or offering specialized services. Jobs in the gig economy, such as driving or delivering, can earn you money immediately, and you can combine them with other gigs to boost your daily earnings.
How can I make money in just hours?
Try quick tasks like dog walking, babysitting, or selling items from around your home.
How to make quick money in one day as a kid?
Kids can earn money by doing chores, babysitting, or selling homemade crafts. Offering to mow lawns or do yard work for your neighbors is also a good option.
How to make quick money in one day on my phone?
Your phone can help you earn money in various ways too. You can sell things you don’t need or use your skills on freelance platforms. Answering surveys, selling photos, or being a virtual friend can also earn you money, all from the comfort of wherever you are.
How to make quick money in one day online?
To make quick money in one day online, you can take online surveys, freelance your skills, or sell items on eBay or other platforms. You can also offer services on gig websites like Fiverr.
How To Make Quick Money in One Day – Summary
I hope you enjoyed this article on how to make quick money in one day.
If you need money immediately, there are many things you can do to make money today. Whether you’re saving for a goal or dealing with an unexpected expense, these tips can help you achieve financial flexibility in just one day.
Some may be more of a part-time side gig, whereas others can be a full-time income. It all just depends on what you’re looking for.
What do you think is the best way to make money in one day?
Inside: These festive money saving ideas you need to have a magical frugal Christmas! Rediscovering a Christmas with no money is still possible with a little bit of planning, fun, and creativity.
Just like throughout the year, the word frugal can have a bad connotation. When you put the two words together – Frugal Christmas, most people think of a sad holiday with no joy or excitement.
However, just like with a frugal lifestyle, being frugal means you are looking to stretch your dollar to the fullest.
A frugal Christmas means to be economical with the spending of your Christmas funds. You prudently set money aside for Christmas ahead of time, but remember your overall money goals. When it is time to buy Christmas gifts and decor, you are not wasteful with your money and make your money go further.
Everyone’s level of frugality is different.
The same holds true at Christmas. Your frugal Christmas will look different than your neighbor’s or a friend’s. There is no reason to trap yourself in a comparison mode.
Why a Frugal Christmas Traditions Matter?
If you are looking at Christmas with no money, don’t despair! There are plenty of money saving tips in this post to make sure you still enjoy a festive season.
If you want to stay on course to pay off debt or reach FI, then a frugal Christmas would be part of your innate nature to do. You just need some frugal living tips related to Christmas.
You can create a magical frugal Christmas.
More importantly, these frugal money saving ideas for Christmas will help you stick with your budgeting goals and lower your stress level.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
How to Survive Christmas with No Money
Before we just into the Christmas frugal living tips, let’s discuss the big elephant in the room… what if you can’t afford Christmas gifts?
First of all, that is an unfortunate circumstance that you are in right now. I say “right now” because you have the power to dictate your future.
And it all starts with your mindset… you are focused on surviving Christmas with no money.
Not the fact that you are surrounded by your loved ones. With the chance, to enjoy time together, laugh together, create traditions, and make memories.
That is what Christmas is about.
So, before you move forward, you need to change your mindset. Your current money mindset is focused on having no money, being poor, and being broke.
If you want to change your financial future, then it all starts with your thoughts consuming your mind.
Start with writing down three positive things that happen in each of your days. Make sure one of them is related to money.
Frugal Christmas Tips & Money Saving Ideas
Okay, now, we are going to dig into specify ways to make a frugal Christmas a reality.
These are frugal traits that will improve your money management throughout the holiday season, but you can also start to carry these over to all aspects of your life.
To keep in the spirit of Christmas, let’s dig in and learn how to create a frugal Christmas that won’t leave you broke!
1. Focus on the Important Things
When you make the conscious decision to become more frugal, your center of attention is on the bigger picture.
For a frugal person, they view Christmas as part of a bigger puzzle. Their spending at Christmas needs to align with their money goals and desires.
This is the point when you must ask yourself the hard questions… Would you rather stay on track to pay off debt faster? Keep on saving money so you can take some time off next summer.
These are where you decide what is important in your life.
Just to be clear, I am not saying Christmas isn’t important because it definitely is. I am saying the Christmas that has been defined in our culture that focuses on gifts may not be the overarching focus of Christmas.
2. Plan to Spend Half of “Normal”
Did you know most people plan to spend an AVERAGE of $800-900 on Christmas?
For most folks, that will break any budget with a lot of debt hangover coming in January.
Challenge yourself to a Frugal Christmas of $400 or less.
When you create your frugal Christmas budget, plan to spend half of what you did the previous year. Don’t know how much you spent previously, then stick to the $400 or less.
If you are tempted to overspend, then set your budget at $200.
Now, you need to use Christmas budget template to plan your gifts into your budget.
3. Make Your Frugal Christmas Plan
Now, that you know how much you can spend on Christmas, you must make your budget line up with your gifts, Christmas decors, parties, etc.
This step is often overlooked and we typically fly by the seat of our pants.
However, one of the best money management tips is to plan how you will spend your money before you start spending anything!
In our free printables areas, we have worksheets and spreadsheets to help you.
Also, this is the chance, to be honest with friends and family about your desires for a frugal or no money Christmas. You have the time to plan a no gift holiday, gift exchange of unwanted items, etc.
4. Ask Around for Gifts
Oh my goodness! This is seriously my favorite money saving idea all year round.
Ask around and see what others don’t want anymore.
Another man’s trash is the next man’s treasure.
A recent example in my life… Someone posted in our NextDoor group that they were looking for fly fishing equipment. I politely responded that once the original poster got what they needed I would be interested in anything leftover since my hubby took up this hobby. A neighbor messaged me and we got a bunch of fly fishing equipment for a fraction of the price.
You can always find Christmas decorations and maybe even gifts for no money.
Don’t be afraid to post in Facebook groups or NextDoor. Search Craigslist or thrift stores. You will be AMAZED by what people are happily willing to get rid of.
5. Shop Based on Price
This is where you go into the store and look for gifts that can suit those on your list – more importantly, at your price level.
This is a great chance to pick up items on clearance or deeply discounted sale.
For instance, my son loved LEGOS (okay, what boy doesn’t go through that phase) and they can get quite expensive. Throughout the year, I would always look for LEGOS when they were on sale or being discontinued. This is one example of enjoying a frugal Christmas
6. Creative with Gift Exchanges
With gift exchanges, you don’t need to go out and buy a brand new present. This is a chance to find something in your house that will make a great gift for someone else.
Here are various types of gift exchanges that cost little or no money:
White elephant gift exchange
$5 gift exchanges
Unused item gift exchange
Cookie Exchange
Used toy, puzzle, or book exchange
Coffee mug exchange
Charity donation exchange
Craft supply gift exchange
Dollar Store Finds Gift Exchange
Fabulously fashionable clothing exchange
Dropped that hobby gift exchange
There are just a few ideas on how you can get creative with holding gift exchanges. Not everything must be expensive to be an awesome winner!
7. Buy in Bulk and Divide Up for Gifts
A frugal trait is buying things in bulk to save money. When the holidays roll around, this is where you use your DIY skills to come up with frugal Christmas gifts.
If you find a lot of people on your list to buy small gifts for, you can create nice packages of presents to give. Typically, these holiday gifts are ideal for teachers, neighbors, co-workers or other special people that you want to wish a Merry Christmas.
For example, you can buy scented candles in bulk and wrap a beautiful bow on the glass jar. That is an easy way to divide them up for multiple gifts.
Another idea is to buy Christmas treat bags and divide up assorted miniature candies to quickly put together many small presents.
These are ideal gifts because they are thoughtful, but also budget-friendly.
8. Plan At-Home Parties
One of the most expensive areas for any budget is entertainment and eating out. The same holds true at Christmas.
To combat extra costs, plan at-home parties where you can control the prices of food, drinks, and decor. And as a bonus, your friends and family may be relieved to spend less as well!
You can hold a potluck or cookie exchange for a fraction of the price of a night out or booked Christmas party.
There are plenty of ways to make it fun. You can still have cocktail hour with the festive dresses that are already in your closet. Don’t have something to wear – pretend you’re a teenager and shop your friend’s closets!
9. Stop Christmas Shopping
When you are done, you are done Christmas shopping. Block your eyes and ears from all of the last minute shopping and stocking stuffers.
One of the frugality traits is to make a plan for your money and stick to it.
Remember, marketers are good at their job of getting you to open up your wallet and spend money. Be stronger and stop shopping for the holidays.
Don’t go over your Christmas budget and your plan.
10. Track How Much You Save
Every frugal person likes to know how much they save.
Not everyone likes numbers, but it is pretty motivating to see how much you save.
With a financial freedom mindset, you know that every penny saved is a penny earned.
This is where you realize your out-of-the-box thinking to create a frugal Christmas is worth the time and effort. You can see your savings on the gifts, decor, and thinking adds up.
Bonus Tip: Eliminate the Stress
One of the traits of becoming frugal comes with learning to live with less. It doesn’t have to be full minimalism. A better term is living simply.
The more you do around Christmas (buying gifts, putting up decor, hosting parties, attending parties, participating in cookie exchanges, cleaning for guests, traveling for events, the list can go on and on) will cause stress.
Look for ways to take a step back and focus on what is most important to you.
That was the first tip mentioned in this post because it is the one that is overlooked the most often. You don’t decide what you want Christmas to look like. You let others and life decide how your month of December rolls out.
Eliminate the undue stress surrounding the Christmas season.
Frugal Christmas Ideas for Kids When You Have No Money for Gifts
Okay, we are going to spend a little more time around one area that causes us the most stress around the holidays – giving gifts.
There is extreme pressure to provide the Pinterest-perfect, movie-ready, Insta story each and every year.
Regardless of what you spend on Christmas, you will never be able to live up to the self-created expectations you put on yourself.
Just remember that statement when you have no money for gifts.
This is where you get super creative and honest with your loved ones.
Be Honest with Your Finances
The first step is to be completely honest with your financial situation at the moment. You aren’t looking for handouts. You just want a dose of empathy and maybe a hug.
Just like everyone else, you want to give your family the world and shower them with gifts.
However, the center of Christmas is coming together as a family and spending time together. You don’t need money for that.
Time for Creativity and Maybe a Little DIY Christmas
This is where you get creative and start digging to find gifts.
Unfortunately for society, we are flooded with materialistic items. (Just look at any donation center or walk around on trash day.) There are plenty of gifts floating around that would cost you no money.
Post in a No Buy Facebook group or Nextdoor and see if anyone is getting rid of what you want.
More than likely, you will find Christmas gifts for no money. Sometimes, you may have to a fraction of the retail price.
Another option is to use your DIY skills – learn to sew, knit, bake, etc. Give away some of your treasured handmade gifts.
No-Spend Christmas Activities
For frugal individuals, like me, the key enjoyment of the festive season does not rely on these costly aspects, but rather on the spirit of unity, shared experiences, and thoughtful gestures. This is where the concept of ‘No Gift Christmas‘ comes in, emphasizing value-driven festivities that foster warmth and happiness without the need to break the bank.
The good news is you can enjoy the holidays with plenty of things that don’t cost money.
Fun and Frugal Christmas Activities at Home
Enjoying a festive holiday season doesn’t have to break the bank. In fact, there are several fun and frugal Christmas activities you can do at home!
Roast marshmallows: Whether you have a fireplace or a stove, roasting marshmallows at home can be a delightful way to savor the season.
Christmas movie night: Why not curl up on the couch with some popcorn and a Christmas movie? Consider a crowd-pleaser like The Christmas Chronicles on Netflix.
Bake cookies: Get the whole family involved in baking and decorating Christmas cookies.
Make a popcorn garland: This is a festive and fun craft you can enjoy together and later use to decorate your Christmas tree.
Play Christmas Charades: Searching Google for free printable charade cards can give you a night of fun that is sure to create hilarious memories.
Hot Chocolate Night: Warm up and gather around with the sweet treat of homemade hot cocoa.
DIY Christmas Cards: Create and send handmade Christmas cards to local nursing homes or soldiers abroad. A personal touch to your season’s greetings will mean a lot to the recipients.
Christmas Light Scavenger Hunt: Turn your Christmas light viewing into an adventure! Print out a free scavenger hunt, bundle up, and enjoy a hands-on game during your neighborhood stroll. Remember, the true spirit of the holidays can be found in the joy of being together—not the amount of money spent.
Taking Advantage of Free Christmas Events in Your Town
There are usually plenty of free Christmas events in your town or city if you know where to look. Here are some festive events you can attend without spending a penny:
Visit the Christmas tree in your town square: Most towns have a community tree lighting ceremony that often includes free musical performances too.
Check out community holiday parades: Many towns host Christmas parades that are open and free to the public.
Look for free events at local libraries and community centers: Many libraries and community centers host free Christmas-themed activities for children, from story readings to crafts or even visits from Santa!
Go Caroling in your neighborhood: Gather your friends and family for a simple and heartwarming tradition of spreading Christmas cheer through carols.
Visit Church ceremonies: Attend church services or watch local choirs perform their favorite Christmas hymns.
Volunteering: Use the season of giving to volunteer at a local food bank, soup kitchen, or charity. It’s free and can be a rewarding experience.
Christmas Lights Tour: Drive around or take a leisurely evening stroll to enjoy the holiday light displays in your local neighborhoods. Remember to check your city or town’s events website for a complete schedule and details. The holiday spirit is abundant and can be found without breaking the bank.
For more ideas, check out the Christmas bucket list that has plenty of fun holiday-filled events.
Shopping Strategies for a Frugal Christmas
While we have plenty of tips for shopping smart on our website, we are going to focus on two areas when preparing Christmas for the frugal.
Tip #1 – Start Buying Christmas Stuff in January
Starting your Christmas shopping in January means you get to spread the cost over the whole year, taking advantage of these deep discounts.
It’s very budget-friendly and helps control the infamous last-minute Christmas shopping spree.
Now, it’s important to note that you should only buy items you are reasonably sure you will use the following Christmas, to avoid clutter or unneeded spending.
Expert Tip: make a list during the holidays of the items you need, so you know precisely what to look for in the January sales.
tip #2 – Using Money-Saving Apps for a Frugal Christmas
To save money while shopping for Christmas presents, consider using money-saving apps. These apps give you cash back, coupon codes, and discounts while you shop, reducing the overall cost of your purchases, and essentially making you “earn” while you spend.
Here are some trusty tools to help you achieve a frugal Christmas:
Rakuten (formerly Ebates): This cash back app provides discounts on purchases from thousands of retailers when you shop through its site or the app.
BeFrugal: This app offers coupons, promo codes, and cash back offers to save on everything you buy. Sign up here for your $10 bonus.
Ibotta: Ibotta allows you to earn cash back on everyday purchases online and in-store with a snap of your receipt.
Honey: Honey automatically searches and applies the best coupons when you shop online.
Hip2Save: This deal website and app posts about a wide range of heavily-discounted products, from toys to housewares. One of my favorites!
Bonus: Paribus: Although not exactly a cash back app, Paribus is worth mentioning as it scans your digital purchases, seeking price drops and getting you a refund if an item you’ve bought goes on sale or if it finds the same product cheaper elsewhere.
By keeping these apps at your fingertips and using them proactively, you can stretch your Christmas budget further and end the year on a high note, financially.
Ready to a Magical Frugal Christmas?
The best part of being frugal is focusing on what is most important and saving money along the way.
That is why frugal living tips are so very helpful!
As a frugal person, there are some years that we can have Christmas on very little money, and in other years, we choose to spend a little bit more. Never ever have we spent close to the average Christmas spending.
That right there my friend defines a frugal Christmas.
If you are still on the fence about a frugal Christmas and spending $400 or less, then let’s think about it like this…
For 20 years, you spend half of the average spending at Christmas time, you will save over $8000. That amount doesn’t include inflation.
So, you need to ask yourself, how much are you willing to spend on the Pinterest perfect Christmas? That spending must be able to be paid in cash in full – not charged to a credit card.
We have shared many frugal living tricks to make your Christmas magical. What else would you add to the list?
Happy frugal Christmas!
More Christmas Gift Ideas:
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
This topic is an age old debate.
Is money a symbol of success?
What does it mean to be financially successful?
Does money make you successful?
Money is the only measure of success, right?
Success is not measured by money, correct?
Is money everything?
The question only look to more questions.
And honestly, those deep-thinking questions are the ones that leave us feeling the most vulnerable and difficult to articulate.
That is why the success is money debate will be hotly contested at any happy hour, break room, or phone call.
Let’s dig into various sides of the argument, so you can make a wise decision for your life.
Just a hint… this topic show many shades of gray and might not be as black and white as you want.
Why is success Measured by Money?
There are many reasons why money is associated with success.
The primary reason is people deep down truly believe that money will change their situation. More money = more happiness. Isn’t that the quote we all grew up on?
Next, measuring success happens in two ways. The things that are tangible like money, assets, cars, houses, jewelry, etc. The other way of measuring success is intangible – something that you can NEVER value even if you tried.
Money opens doors of opportunities. You get to decide what equates to success.
That is why most people judge money success.
No matter how you spin it, money opens opportunities that weren’t available before. That is the final reason why measuring success with money happens.
Is Money the only Measure of Success?
Honestly, absolutely not.
However, one of the best ways to measure progress is with numbers. That is the reason so many people rely on measuring success with money.
Your financial success nonetheless is NOT the only measure of success.
There are many variables that go into your equation of success. Some to consider include:
Lifestyle
Choices to do what you want
Happiness
Gratitude
Ability to give back
Work / life balance
Spending time doing what you want to do
Helping others
The list can go on and on. Thus, the success is money debate will continue for ages.
The key point to remember is the word… YOUR.
This is your journey. Your path with money. You make choices based on your desires.
How to be Successful with Money
And not give up your soul.
This is a delicate balancing act. Honestly, it shouldn’t be labeled as a balancing act because that isn’t an accurate reflection of being successful.
You must find your rhythm.
Find the point where money helps you to do what you want to do in life, but isn’t your #1 focus. Let’s dig into ways to be successful with money.
1. Be Different
Going against the grain of society is gutsy. It is the willingness to be different. This is the moment when you say enough is enough of doing things society’s way and start putting your success first.
It will feel awkward at first.
Anything that is new is harder at first. Just like any resolution, it takes time for a new habit to be made.
Ways to be Different:
Learn to become self-reliant instead of just ordering something online.
When you want to bail on something, show persistence for just a little bit longer.
Sign up for Struggling to Financial Success Money Bootcamp to assess your finances.
Find a like-minded community.
Decide what is more important to you than money.
Learn to say no (and not feel guilty).
Celebrate your successes when you go against society’s norms.
2. Stop the Comparison Game
This is such an easy trap to fall into! Sometimes without even realizing it.
We don’t even need to leave the comfort of our home to start the comparison game. Society even pushes the concept of comparison – even at the young ages. Across all media, it is okay to wish for something you don’t have.
If everyone else is doing it, you might as well, too.
Is comparison the root of all evil? Probably not.
With money, comparison can cause a quick, slippery slope to debt. The average household has $90K of debt (not including mortgage). That is a heavy burden to carry.
Even if you manage to stay out of debt, reaching financial freedom and retiring early will be harder. It is okay to be different. It is okay to stay outside of the comparison game.
Societal pressures are huge. The impact can lead to financial ruin.
From money coaching, I have learned that many of their biggest financial decisions and mistakes have been made with outside pressures.
3. Stay Persistent to Your Plan
Persistence is a trait that was a given when I grew up. Remember the saying, “Practice makes perfect.” It was expected to try over and over again until you succeed. It didn’t have to be perfect; it was the effort that counted.
Today, persistence is a character trait our elementary school stresses to the students. Why? Because today’s kids give up WAY too quickly.
This is your story. Your money journey.
You judge your success with money based on your plan.
Getting out of debt. Stop living paycheck to paycheck. Reaching financial freedom. Retiring early. Those things will not happen on their own (wouldn’t that be great if it could?). It will be tough to reach those milestones.
Ask anyone who reached $1 million net worth, retired at 50, or had a little money left over at the end of the month but covered bills. They will say it was tough at times. But, it is worth the extra effort and persistence in the end.
4. Pay Yourself First
Money success is based on one simple area… saving money before you do anything else.
While this concept seems simple enough, do you actually pay yourself first?
This is something I talk about over and over here at Money Bliss, the reminder continues.
Today is payday, then you move money to a separate savings account.
That is as simple as it gets.
Resources to Pay Yourself First:
5. Be Wary of the Love Of Money
Remember the saying, “Money Talks.” Unfortunately, in today’s society, money talks. It provides access. It provides freedom. Money is a status symbol.
This is not true of every person in society. Not everyone struggles with the love of money.
But, many of our decisions tend to be based on money rather than what is better for our lives.
Everyone dreams of winning the lotto. A chance to finally change their situation. Honestly, winning the lotto creates bigger problems without getting to the root of the love of money.
Find contentment.
The best way to overcome the love of money is to be content with what you have been blessed with.
Regardless of the amount in your bank account, look around and find everything you have been blessed with.
Is Money Success?
What is your opinion?
Does the saying, “Money is the key to success” a part of your life.
The success with money debate will happen for years and there is nothing we can do to change that.
So, you have to define what success means to you.
As we have stated in this post, success looks different to everyone. This is your financial journey and legacy.
What would make you feel like you had an impact?
That is your answer to success with money.
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
You can make money as a freelance writer. Learn techniques to find those jobs and earn the kind of money you deserve! Plus get tips to land your first freelance writing gig!
Learn how to buy and resell items from flea markets, thrift stores and yard sales. They will teach you how to create a profitable reselling business quickly
…no matter how much or how little experience you have.
Learn how to supplement your daily, weekly, or monthly income with trading so that you can live your best life! This is a lifestyle trading style you need to learn.
Honestly, this course is a must for anyone who invests. You will lose more in the market than you will spend this quality education – guaranteed.
Read my Invest with Teri Review.
Designed as a 101-level course on freight brokerage, you’ll learn the basics of freight brokering in this online course.
This course is designed for freight brokers in any setting, regardless of their employment status.
If you want to start your brokerage, we’ll show you exactly how to do it. If you are an agent or employee of a brokerage, we’ll take you through sales and operations modules designed to help you source more leads and move more freight.
The Empowered Business Lab teaches you how to sell your digital products naturally with strategies that just make sense.
Monica helps thousands find momentum and create revenue streams in their businesses.
After taking a second job as a driver for Amazon to make ends meet, this former teacher pivoted to be a successful stock trader.
Leaving behind the stress of teaching, now he sets his own schedule and makes more money than he ever imagined. He grew his account from $500 to $38000 in 8 months.
Check out this interview.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
You know that cool girl whose perfectly curated apartment reflects her vibe to a T? Every piece of decor goes together seamlessly, and her space feels entirely unique to her. We all strive to be that girl, but more often than not, sourcing decor that reflects your individual style and personality is more challenging than it seems. It can feel like you’re constantly removing stuff from your cart because it’s way out of budget, not totally your style, or so basic you feel like you’ve seen it a million times before. No shade to more popular retailers, but if you’re only shopping at the same few home decor stores as everyone else, you’re never going to find pieces that really feel extraordinary. If you’re ready to refresh your shopping habits, keep reading for nine under-the-radar home decor stores where cool girls are shopping.
Urban Outfitters may be a spot you usually turn to for clothes, but their home decor section shouldn’t be overlooked. From investment-worthy pieces like high-quality wood furniture to small, quirky knickknacks, there’s a huge range of home items with plenty of personality to fill your space. It’s a great place to shop if you love trying out new trends and unexpected styles.
If you want pieces that look chic and on-trend but don’t cost a fortune, H&M’s home section is the place to shop. They have tons of minimalist pieces with a high-end look but without the hefty price tag. Whether you want to refresh your bedding, invest in some new artwork, or snag some accessories to bump up your bookshelf wealth, you’re sure to find something you’re obsessed with.
You might be familiar with the Museum of Modern Art as a tourist attraction, but the MoMA Design Store is a hidden gem full of all sorts of artsy decor pieces. The MoMA’s curatorial department selects the items they sell, so you know you’re getting high-quality, well-designed pieces. This retailer is the ideal source if you like to collect unique pieces that you haven’t seen anywhere else.
You may be familiar with Chip and Joanna Gaines’s Hearth & Hand collection at Target, but their best designs are sold directly through the Magnolia brand’s site. Think less modern farmhouse and more moody cottagecore. In addition to vintage-style decor and furniture that looks like you sourced it from a flea market, you can also find authentic, one-of-a-kind antiques in their Found + Collected section. For anyone who loves a cozy, collected-over-time look, this is about to be your new go-to.
Zara has been a go-to for fashion girlies for years, but the retailer’s home decor division doesn’t get the same hype. Head to the Zara Home site to find all sorts of products ranging from kitchen and dining essentials to decorative accessories to accent furniture. Almost everything boasts an affordable price tag and a chic contemporary look that’s definitely cool girl-approved.
If you want truly individualistic pieces no one else will have, Etsy is the spot. The site has literally anything your interior design-loving heart might desire: affordable artwork, authentic vintage finds, handmade pieces from independent artists, and beyond. Plus, many sellers let you personalize their items, so you can get something completely one-of-a-kind.
You may recognize some Terrain pieces from its sister store, Anthropologie, but they have even more incredible decor to shop at their own URL. The home and garden brand has many bright, fun pieces to add a pop of color to your space. It’s one of the best home decor stores to shop if you love garden-inspired pieces with lots of florals.
If you need to find prints to fill a gallery wall, Society6 is the place to look. The online marketplace sells artwork from over 450,000 independent artists, so the odds of finding something for your space are very much in your favor. Also, if you fall in love with one design, you can often find the same artwork on prints on throw pillows, trays, blankets, and more.
9. Local small businesses
Local small businesses are arguably the best place to find high-quality decor that isn’t a dime a dozen. Your neighborhood boutiques, vintage shops, and thrift stores will have a wide selection of pieces you can’t find at larger retailers. You’ll also be supporting the local economy and often purchasing secondhand. I mean, what’s cooler than being able to answer the “Where did you get that?” question with “I thrifted it.” If you aren’t sure how to find good small businesses near you, turn to social media to do some recon. Comb through hometown influencers or bloggers to see who they tag, or simply take a Saturday to go exploring! You can also find places through Facebook Marketplace (small businesses and pop-up shops often post items there) or ask your friends and family to see if they have any recommendations.
Inside: Learn $40000 a year is how much an hour. Plus find a 40k salary budget to live the lifestyle you want.
You want to know if a 40k salary is a solid hourly wage? At first glance, you may think so.
When you get your first job and you are making just above minimum wage making over $40,000 a year seems like it would provide amazing opportunities for you. Right?
The median household income was $70,084 in 2021 not much different from the previous year (source). Think of it as a bell curve with $70 at the top; the median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $55,350 for a 40-hour workweek; that is an increase of 1.1% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
But, the question remains can you truly live off 40,000 per year in today’s society since it is below both the average and median household incomes. The question you want to ask all of your friends is $40000 per year a good salary.
In this post, we are going to dive into everything that you need to know about a $40000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $40k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this salary?
$40000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 40k a year hourly. That way you can decide whether or not the job is worthwhile for you.
For our calculations to figure out how much is 40K salary hourly, we used the average five working days of 40 hours a week.
40000 salary / 2080 hours = $19.23 per hour
$40000 a year is $19.23 per hour
Let’s breakdown how that 40000 salary to hourly number is calculated.
Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $40000 by 2,080 working hours and the result is $19.23 per hour.
Just above $19 an hour.
That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
What if I Increased my Salary?
Just an interesting note… if you were to increase your annual salary by $5K, it would increase your hourly wage to over $21 an hour – a difference of $2.40 per hour.
To break it down – 45k a year is how much an hour = $21.63
That difference will help you fund your savings account; just remember every dollar adds up.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
How Much is $40K salary Per Month?
On average, the monthly amount would be $3,333.
Annual Salary of $40,000 ÷ 12 months = $3,333 per month
This is how much you make a month if you get paid 40000 a year.
$40k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $40k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$40000/52 weeks = $769 per week.
Find jobs that pay weekly.
$40000 a year is how much biweekly?
For this calculation, take the average weekly pay of $769 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.
8 hours x 52 weeks = 260 working days
Annual Salary of$40000 / 260 working days = $154 per day
If you work a 10 hour day on 208 days throughout the year, you make $192 per day.
$40000 Salary is…
$40000 – Full Time
Total Income
Yearly Salary(52 weeks)
$40,000
Monthly Wage
$3,333
Weekly Salary(40 Hours)
$769
Bi-Weekly Wage (80 Hours)
$1,538
Daily Wage (8 Hours)
$154
Daily Wage (10 Hours)
$192
Hourly Wage
$19.23
Net Estimated Monthly Income
$2545
Net Estimated Hourly Income
$14.68
**These are assumptions based on simple scenarios.
40k a year is how much an hour after taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with an all salary range up to $142,800.
When you make below the average household income, the amount of taxes taken out hurts your hourly wage.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 40000 a year after taxes?
Gross Annual Salary: $40,000
Federal Taxes of 12%: $4,800
State Taxes of 4%: $1,600
Social Security and Medicare of 7.65%: $3,060
$40k Per Year After Taxes is $30,540.
This would be your net annual salary after taxes.
Hourly Rate After Taxes
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$30,540 ÷ 2,080 hours = $14.68 per hour
After estimated taxes and FICA, you are netting $30,540 per year, which is $9,460 per year less than what you expect.
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody who lives in a no-tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $40000 income can range from $27,840 to $32,140 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously, you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $40,000 income.
how much is 40k a year hourly Salary Calculator
More than likely, your salary is not a flat 40k, here is a tool to convert your salary to hourly calculator.
Many teachers start at this range, which may make you wonder do teachers get paid in the summer? And the best summer jobs for teachers!
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person? And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $40,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
As we noted earlier in the post, $40,000 a year is below the average income that you would find in the United States. Thus, you have to be wise with how you spend your money.
What a $40,000 lifestyle will buy you:
If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
You are able to rent in a decent neighborhood in LCOL and maybe even MCOL city.
Focus on becoming financially sound.
You should be able to meet your expenses each and every month.
Ability to make sure that saving money is a priority, and very possibly save $3000 in 52 weeks.
When A $40,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 40k a year is going to be pretty darn difficult.
There are two factors that will keep holding you back:
You must pay off debt and cut all fun spending and extra expenses.
Break the paycheck to paycheck cycle.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
$40K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money is left for fun spending.
This is how zero based budgeting works.
If you want to know how to manage 40k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $40000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$200
Savings
15-25%
$600
Housing
20-30%
$800
Utilities
4-7%
$133
Groceries
5-12%
$233
Clothing
1-4%
$33
Transportation
4-10%
$167
Medical
5-12%
$167
Life Insurance
1%
$17
Education
1-4%
$33
Personal
2-7%
$62
Recreation / Entertainment
3-8%
$100
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$788
Total Gross Monthly Income
$3,333
**In this budget, prioritization was given to basic expenses and no debt.
Is $40,000 a year a Good Salary?
As we stated earlier if you are able to make $40,000 a year, that is a decent salary. You are making more money than the minimum wage and close to double in many cities.
While 40000 is a good salary starting out in your working years. It is a salary that you want to increase before your expenses go up or the people you provide for increase.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
This $40k salary would be considered a lower middle class salary. This salary is something that you can live on if you are wise with money.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 95 percentile globally for per person income (source).
The question you need to ask yourself with your 40k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, in many modest cities, 40000 a year will not be a good salary because the cost of living is so high, whereas these are some of the cities where you can make a comfortable living at 40,000 per year.
If you are looking for a career change, you want to find jobs paying at least $55000 a year.
Is 40k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $40000 per year.
And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.
Is 40k a good salary for a family?
Many of the same principles apply above on whether $40000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child.
That means that amount of money is coming out of the income that you earned.
So, the question really remains… Can you provide a good life for your family making $50,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 40,000 per year, then the combined income for the household would be $80,000. Thus making your combined salary a very good income.
Learn how much money a family of 4 needs in each state.
Can you Live on $40000 Per Year?
As we outlined earlier in the post, $40,000 a year:
$19.23 Per Hour
$154-192 Per Day (depending on the length of day worked)
$769 Per Week
$1,538 Per Biweekly
$3,333 Per Month
Next up is making $43000 a year.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than Oklahoma or even Texas.
In addition, if you are early in your career, starting out around 39,000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and still making $40K, then you probably need to look at asking for pay increases, picking up a second job, or finding a different career path.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to learning to budget by paycheckto make sure you stay on track.
Learn exactly how much do I make per year…
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
You can make money as a freelance writer. Learn techniques to find those jobs and earn the kind of money you deserve! Plus get tips to land your first freelance writing gig!
Learn how to buy and resell items from flea markets, thrift stores and yard sales. They will teach you how to create a profitable reselling business quickly
…no matter how much or how little experience you have.
Learn how to supplement your daily, weekly, or monthly income with trading so that you can live your best life! This is a lifestyle trading style you need to learn.
Honestly, this course is a must for anyone who invests. You will lose more in the market than you will spend this quality education – guaranteed.
Read my Invest with Teri Review.
Designed as a 101-level course on freight brokerage, you’ll learn the basics of freight brokering in this online course.
This course is designed for freight brokers in any setting, regardless of their employment status.
If you want to start your brokerage, we’ll show you exactly how to do it. If you are an agent or employee of a brokerage, we’ll take you through sales and operations modules designed to help you source more leads and move more freight.
The Empowered Business Lab teaches you how to sell your digital products naturally with strategies that just make sense.
Monica helps thousands find momentum and create revenue streams in their businesses.
After taking a second job as a driver for Amazon to make ends meet, this former teacher pivoted to be a successful stock trader.
Leaving behind the stress of teaching, now he sets his own schedule and makes more money than he ever imagined. He grew his account from $500 to $38000 in 8 months.
Check out this interview.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
Inside: Learn how much your 50k salary is hourly. Plus find tips to make more money and live the lifestyle you want.
You are thinking that 50k salary is a solid hourly wage, but you want to know the true answer.
When you get your first job and you are making just above minimum wage making over $50,000 a year seems like it would provide amazing opportunities for you. Right?
The median household income was $70,084 in 2021 not much different from the previous year (source). Think of it as a bell curve with $70 at the top; the median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $55,350 for a 40-hour workweek; that is an increase of 1.1% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
But, the question remains…can you truly live off 50,000 per year in today’s society since it is barely above the average income and yet still below household incomes? The question you want to ask all of your friends is $50000 per year a good salary.
In this post, we are going to dive into everything that you need to know about a $50000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $50k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this salary?
$50000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 50k a year hourly. That way you can decide whether or not the job is worthwhile for you.
For our calculations to figure out how much is 50K salary hourly, we used the average five working days of 40 hours a week.
50000 salary / 2080 hours = $24.04 per hour
$50000 a year is $24.04 per hour
Let’s breakdown how that 50000 salary to hourly number is calculated.
Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $50000 by 2,080 working hours and the result is $24.04 per hour.
Just above $24 an hour.
That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
What If I Increased My Salary?
Just an interesting note… if you were to increase your annual salary by $5K, it would increase your hourly wage to over $26 an hour – a difference of $2.40 per hour.
To break it down – 55k a year is how much an hour = $26.44
That difference will help you fund your savings account; just remember every dollar adds up.
How Much is $50K salary Per Month?
On average, the monthly amount would be $4,167.
Annual Salary of $50,000 ÷ 12 months = $4,166.67 per month
This is how much you make a month if you get paid 50000 a year.
$50k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $50k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$50000/52 weeks = $961.54 per week.
$50000 a year is how much biweekly?
For this calculation, take the average weekly pay of $961.54 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.
8 hours x 52 weeks = 260 working days
Annual Salary of$50000 / 260 working days = $192 per day
If you work a 10 hour day on 208 days throughout the year, you make $240 per day.
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Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
$50000 Salary is…
$50000 – Full Time
Total Income
Yearly Salary (52 weeks)
$50,000
Monthly Wage
$4,167
Weekly Salary(40 Hours)
$961
Bi-Weekly Wage (80 Hours)
$1,923
Daily Wage (8 Hours)
$192
Daily Wage (10 Hours)
$204
Hourly Wage
$24.04
Net Estimated Monthly Income
$3,181
Net Estimated Hourly Income
$18.35
**These are assumptions based on simple scenarios.
50k a year is how much an hour after taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with a salary range of up to $160,200.
When you make below the average household income, the amount of taxes taken out hurts your hourly wage.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 50000 a year after taxes?
Gross Annual Salary: $50,000
Federal Taxes of 12%: $6,000
State Taxes of 4%: $2,000
Social Security and Medicare of 7.65%: $3,825
$50k Per Year After Taxes is $38,175.
This would be your net annual salary after taxes.
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$38,175 ÷ 2,080 hours = $18.35 per hour
After estimated taxes and FICA, you are netting $38,175 per year, which is $11,825 per year less than what you expect.
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
Taxes Based on Your State
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody who lives in a no tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $50000 income can range from $34,175 to $40,175 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take-home pay. It is one of those things that you should acknowledge and obviously, you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $50,000 income.
My 50k Salary Hourly Calculator
More than likely, your salary is not a flat 50k, here is a tool to convert your salary to hourly calculator.
Many of the starting freight broker salaries are in this range (and before commission)!
Many teachers are hovering in this range, which may make you wonder do teachers get paid in the summer?
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person?
And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $50,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower-cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
For many, this is when they are looking at upgrading their car to something nicer, but you must be aware of is a car an asset or liability.
As we noted earlier in the post, $50,000 a year is slightly below the average income that you would find in the United States. Thus, you still have to be wise with how you spend your money.
What a $50,000 lifestyle will buy you:
If you are debt-free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
You are able to rent in a decent neighborhood in LCOL and even MCOL city.
You should be able to meet your expenses each and every month.
Ability to make sure that saving money is a priority, and very possibly save $5000 in 52 weeks.
Learn how much money should I have saved by 30 since the average salary is $50k.
When A $50,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 50k a year is going to be pretty darn difficult.
There are two factors that will keep holding you back:
You must pay off debt and cut all fun spending and extra expenses.
Break the paycheck to paycheck cycle.
Not using one of the millionaire quotes for motivation.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
$50K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money left is for fun spending.
This is how zero based budgeting works.
If you want to know how to manage 50k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $50000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$250
Savings
15-25%
$750
Housing
20-30%
$1,000
Utilities
4-7%
$167
Groceries
5-12%
$375
Clothing
1-4%
$52
Transportation
4-10%
$146
Medical
5-12%
$188
Life Insurance
1%
$21
Education
1-4%
$42
Personal
2-7%
$77
Recreation / Entertainment
3-8%
$125
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$985
Total Gross Monthly Income
$4,167
**In this budget, prioritization was given to basic expenses and no debt.
Is $50k a year a Good Salary?
As we stated earlier if you are able to make $50,000 a year, that is a decent salary. You are making more money than the minimum wage and almost double in many cities.
While 50000 is a good salary starting out in your working years. It is a salary that you want to increase before your expenses go up or the people you provide for increase.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
This $50k salary would be considered a lower middle class salary. This salary is something that you can live on if you are wise with money.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 95 percentile globally for per person income (source).
The question you need to ask yourself with your 50k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, in many modest cities, 50,000 a year will not be a good salary because the cost of living is so high, whereas these are some of the cities where you can make a comfortable living at 50,000 per year.
If you are looking for a career change, you want to find jobs paying at least $60000 a year.
Is 50k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $50000 per year.
And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.
Deep Dive: What Is A Good Salary For A Single Person in Today’s Society?
Is 50k a good salary for a family?
Many of the same principles apply above on whether $50000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child.
That means that amount of money is coming out of the income that you earned.
So, the question really remains can you provide a good life for your family making $50,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 50,000 per year, then the combined income for the household would be $100,000. Thus making your combined salary a very good income.
Learn how much money a family of 4 needs in each state.
Can you Live on $50000 Per Year?
As we outlined earlier in the post, $50,000 a year:
$24.04 Per Hour
$192-240 Per Day (depending on length of day worked)
$961 Per Week
$1,923 Per Biweekly
$4,167 Per Month
Next up is making $52000 a year.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than Oklahoma or even Texas.
In addition, if you are early in your career, starting out around 43,000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and still making under $45K, then you probably need to look at asking for pay increases, picking up a second job, or finding a different career path.
In fact, this might be a good time to learn how to trade stocks with the best Travel and Travel course.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.
Learn exactly how much do I make per year…
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
You can make money as a freelance writer. Learn techniques to find those jobs and earn the kind of money you deserve! Plus get tips to land your first freelance writing gig!
Learn how to buy and resell items from flea markets, thrift stores and yard sales. They will teach you how to create a profitable reselling business quickly
…no matter how much or how little experience you have.
Learn how to supplement your daily, weekly, or monthly income with trading so that you can live your best life! This is a lifestyle trading style you need to learn.
Honestly, this course is a must for anyone who invests. You will lose more in the market than you will spend this quality education – guaranteed.
Read my Invest with Teri Review.
Designed as a 101-level course on freight brokerage, you’ll learn the basics of freight brokering in this online course.
This course is designed for freight brokers in any setting, regardless of their employment status.
If you want to start your brokerage, we’ll show you exactly how to do it. If you are an agent or employee of a brokerage, we’ll take you through sales and operations modules designed to help you source more leads and move more freight.
The Empowered Business Lab teaches you how to sell your digital products naturally with strategies that just make sense.
Monica helps thousands find momentum and create revenue streams in their businesses.
After taking a second job as a driver for Amazon to make ends meet, this former teacher pivoted to be a successful stock trader.
Leaving behind the stress of teaching, now he sets his own schedule and makes more money than he ever imagined. He grew his account from $500 to $38000 in 8 months.
Check out this interview.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Do you really do need to know how much you make in a year?
When you are an hourly employee, you understand what your hourly rate is, but when you try to translate that into a weekly, monthly, or even yearly amount is may be a struggle.
That is totally fine. In this post, you are going to get the math behind exactly how much do I make per year.
All you have to do is follow a simple equation and plug in your numbers for your personal situation. The end result is you will know how much do I make per year.
Right now, there is not going to be a super fancy calculator to help you all through this. (Just kidding… We have calculators below for you!) In all honesty, though, this is something very basic for you to figure out.
You will figure how do I calculate how much I earn a year.
At the end of the post, we are going to go into detail about ways to increase how much you make per year, as well as tips to thrive on your current salary.
Calculating an Annual Salary from an Hourly Wage
When you are an hourly employee, there are many variables that can go into your annual salary or annual income. Primarily, the first variable is how many hours do you work in a given week. Next, is how many weeks do you work in the year. Finally, if you get paid time off.
For example, you may work less all year, but then in the busy season around Christmas, you might increase the number of hours you work. Or vice versa, if you are in the landscaping business, you are more likely to work more hours during the summer, and less in the winter (unless you find other jobs off-season of your main job like snow shoveling duties).
To calculate your annual wage, you need to multiply your hourly pay times by the number of hours that you work in a day.
Then, take that number and multiply it by the number of days that you work in a week. Next, take that number times the number of weeks that you work per year.
The most you can work in a year is 52 weeks. Do you know how many work days in a year you work? This answer may surprise you.
Steps to Calculate an Annual Salary from an Hourly Wage…
Write down your hourly rate (before taxes, FICA, 401k contributions, etc)
Figure out how many hours you work in a week.
Figure out how many weeks you work per year.
Hourly Rate * (weekly hours worked x weeks worked per year) = Annual Salary
– or –
Hourly Rate * weekly hours worked = Weekly Salary Weekly Salary * weeks worked per year = Annual Salary
**Either formula will get you to the right answer.**
Example #1 –
Your hourly wage is $14.26 that is before anything is taken out like FICA, taxes, insurance, or 401k contributions. In a typical work week, you work 34 hours. You receive paid time off, so you can count working 52 weeks per year.
$14.26 * (34 x 52) = $25,211.68
– or –
$14.26 * 34 = $484.84 $484.84 * 52 = $25,211.68
Example #2 –
Your hourly wage is $22.70 that is before anything is taken out like FICA, taxes, insurance, or 401k contributions. In a typical work week, you work 45 hours. You receive do not receive paid time off, so you can plan on working 48 weeks per year.
$22.70 * (45 x 48) = $49,032
– or –
$22.70 * 45 = $1,021.50 $1,021.50 * 48 = $49,032
Calculating an Hourly Wage from an Annual Salary
A lot of salaried people do not take into account how much they make per hour because they just are paid a flat salary rate. That salary is divided up by the number of paychecks over the course of the year.
You need to take your full yearly salary and divided it by the number of weeks per year, and then, divide it by the number of hours worked per day.
This will give you an estimate of your hourly pay as a salaried employee.
Steps to Calculate an Hourly Wage from an Annual Salary…
Figure out how many hours you work in a week.
Figure out how many weeks you work per year.
Write down your annual gross salary (before taxes, FICA, 401k contributions, etc)
Annual Salary / (weekly hours worked x weeks worked per year) = Hourly Wage
Example #1 –
Your annual salary before anything is taken out like FICA, taxes, insurance, or 401k contributions is $76,500. In a typical work week, you work 52 hours. You receive paid time off, so you can count on =working 52 weeks per year.
$76,500 / (55 x 52) = $26.75 per hour
Example # 2–
Your annual salary before anything is taken out like FICA, taxes, insurance, or 401k contributions is $42,800. In a typical work week, you work 45 hours. You receive do not receive paid time off, so you can plan on working 49 weeks per year.
$42,800 / (45 x 49) = $19.41 per hour when working
How to calculate how much you make a year?
As presented above, figuring how much I make per year is fairly straightforward.
A little math won’t hurt anyone. Plus it makes the money earned more real and difficult not to spend.
But, here is a calculator to help you out.
This will show you how to calculate how much you make a year.
There are two versions based on if you are starting with hourly wage or annual salary.
When budgeting your income, it is always better to underestimate how much you can make in a year.
For tax purposes, choose to overestimate your income, and then you won’t have big surprises come tax time.
Overtime can influence these numbers if you are paid time and half. In that case, run your numbers without overtime and gain just for overtime pay. Then, add those numbers together.
How much Do I Make per Year Before Taxes or After Taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with all salary ranges
The amount of taxes taken out hurts your hourly wage.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
Thus, on average you can take out 23.65% just for taxes!!
Your gross salary is before taxes are taken out. Your net salary is when taxes are taken out.
Since every tax situation is different and varies greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.
Un-Factored Costs of How Much Do I Make per Year
One factor that does not come up in this calculation is everything required for you to get to your job. In these examples, the assumption is you are getting paid for every hour that you are actually working.
However, you should take into account everything that needs to happen for you to actually get to your job.
Some examples include getting ready in the morning, driving to and from work, attending the “must-attend” social events after work, the amount of time to decompress from your day, etc.
It is important to know how much do you make after you account for those variables, because the answer may be surprising to you!
Here is an example…
Your workday is normally a 10 hour day, but you have an hour commute on each side. It takes you an hour to get ready in the morning and two hours to decompress from your day.
Thus, you have already added on an extra five hours of your workday on top of your normal 10 hour workday.
So, in essence, you are working 15 hours a day in order to be able to do your job and function as a human being.
That is much less than the 10 hours per day that you thought you were putting in.
Once you account for those variables, many people may realize the extra hours to make life bearable at their job or their commute is not worth it.
Here is a great calculator to figure out your true hourly wage.
So, they make look at changing jobs, even though they will be paid less per hour, they gain an extra three hours back in their life. Making their real workday just 12 hours. So, even though the pay is less, they are actually earning more when you account for these additional variables.
This is called time freedom.
3 Ways to Increase Income
While it is great to know how much do I make per year, it is more exciting and more enticing to actually figure out ways to increase your income.
Even better if you can find ways to increase your net worth.
By increasing the types of income sources that you have, you are going to fast-track your net worth. Then, you can look at retiring early or finally enjoy your work.
There are plenty of ways to increase your income, but we are going to focus on the ones that will make the most impact right now.
1. Ask for a Raise
Too many people are afraid to ask for a raise because they are nervous they may actually lose their job.
When in reality, if you believe that you are underpaid and overworked, then ask for a raise – especially if you do a great job!
There is no reason that you shouldn’t ask for a raise.
While your raise may not be huge, it may only be 50 cents an hour. That adds up to an extra $1,000 over the course of the year! That is still more income in your pocket than you had by not asking.
Don’t settle for the average cost of living increase that most companies typically give out; you deserve more for your continued years of work. Even worse, do not accept that getting the minimum wage increase is enough because it is just not fair. You need to find a new employer ASAP.
You work hard, so you should be paid for your hard work.
2. You Gotta Hustle (Like Another Job or Side Hustle)
In today’s society, you cannot have just a paycheck as earned income.
You must diversify your income sources to more than just trading your time for money.
You would be pleasantly surprised by the increase in TOTAL income at the end of the year.
If you want to make progress further this is something that you need to start doing today.
You can do simple side hustles, such as walking somebody else’s dogs, pet sitting, house sitting, watching somebody else’s kids, or cleaning somebody’s house. Basic skills.
It may not be a huge amount, but let’s say your side hustle made you an extra $100 a week. That right there will help increase your income over the course of the year to over $5,000!
That makes a solid difference on your bottom line.
Let’s say you want to hire out your specialized skills… You make $250-500 per gig and can handle four per month. That is an extra $1000-2500 a MONTH!
Passive income is one of the best ways to increase your income on a consistent basis. You put the hard work in upfront and then you get to reap the rewards, aka the money that flows in without you actually having to work on that. Possibilities include rental income, affiliate marketing, or online courses.
3. Start Selling Stuff
One of my good friends makes at least $500 each month by flipping kid’s toys and clothes. Yes, you read that right. She buys used clothes and toys and resells them for a profit. She has become very good at what she does and is well known in the local market for her items always being quality and at a fair price.
She is increasing her income by doing flipping stuff. It’s not a hard concept.
There are people that will go into goodwill and buy designer brand clothes with the tags still on them for a fraction of the price and flip it on Poshmark. The next day for a profit of over 900%.
I am not joking with you; you can sell things to increase your income.
And all of this selling is during your free time, so it should not take up a whole lot of your time. Maybe an extra hour a day, maybe four hours on the weekend, but would you be happy to walk away with little extra cash in your pocket.
Watch this free course on how to make money flipping stuff.
There are so many options for you to increase your income.
How to Live on what I Make per Year
These money management tips are simple to embrace.
That is because you can focus on a few key areas and not be distracted by every piece of financial advice.
Pick up one new habit and focus on building another on top of it. Slowly and surely, you are more likely to make long-term progress.
1. Spend Less
The formula for this one is the same regardless if you were making minimum wage, or if you are making over $100,000 per year.
You have to live on less than you make.
That is the simple thing. It does not matter what your situation is or how much income you make.
If you are spending more money and have greater expenses than your income, you will never get ahead. Period. You will be on a hamster wheel and living paycheck to paycheck, and for what my readers say – they don’t enjoy that life.
Also, I know many of my readers that they have broken that paycheck to paycheck cycle. They followed the Money Bliss Steps to Financial Freedom.
You need to live below your means.
2. Save more
Save for the future now; stop delaying saving for tomorrow.
Because when tomorrow comes, you are not going to feel like saving money; thus, you are not going to have any more money than you do today. Start saving.
Even if you start right now with saving 5% of your paycheck, that is a WIN!
Make sure your saving is set aside in a separate bank account. Even better, open an investment account and begin your saving journey.
If you know you are a natural spender, then save more money than the minimum of 20%. If you consistently save 20% of your paycheck by the time you retire, or maybe even sooner, you will become a millionaire.
It doesn’t matter how much you make per year if you do not prioritize saving sooner than later.
3. Set Goals
First, you will never make any progress if you do not set goals.
Yet, most people say they will start setting goals tomorrow; and tomorrow comes and no goals are set.
Carve out time to set goals in all areas of your life – personal, professional, health, wealth, family.
Create a bucket list for your long-term goals and make smaller short-term goals to make sure you reach those big goals.
As with anything in life, if you set a goal, you’re more likely to achieve it.
If you write down a goal, you have a greater probability of achieving your goal.
When it comes to your money and your finances and your income, you need to set smart financial goals.
You have to drive and decide what you want to do in your future.
If your goal is to have more time in life then you need to figure out how to make time freedom a priority. If your goal is not to work until you are 65 and afraid to learn what happens if you don’t save for retirement, then start putting money into a retirement account.
You have to put the plan together to reach your goals. Focus on taking action, not being in motion.
4. Positive Mindset
There are two ways that you can go in life:
You can control your future.
You can let your situation pass you by and let life get in the way.
It is totally up to you what you want to do, but you need to have the mindset that you choose to make the most out of this life here now, and that all starts today.
You make be wondering… what does this have to do with how much I make per year?? Well, if you are focused on that number not being enough, then you will struggle to get pay raises and increase your income.
Your mind is a powerful thing. Stay positive.
5. This is Your Journey
Lastly, this is one we tend to forget. Count your blessings.
Be grateful for what you have today as well as the opportunities in front of you.
Don’t worry about what the future holds today.
Be reminded that this is your journey with twists and turns, hills and valleys. Every step you take is guided on a path only made for you.
How Much Do I Make Per Year:
How Much Do I Make Per Hour:
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
If you’ve ever wanted to make a full-time income while working from home, you’re in the right place!
This intensive training combines thousands of hours of research, years of experience in growing a virtual assistant business, and the power of a coach who has helped thousands of students launch and grow their own business from scratch.
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
You can make money as a freelance writer. Learn techniques to find those jobs and earn the kind of money you deserve! Plus get tips to land your first freelance writing gig!
Learn how to buy and resell items from flea markets, thrift stores and yard sales. They will teach you how to create a profitable reselling business quickly
…no matter how much or how little experience you have.
Learn how to supplement your daily, weekly, or monthly income with trading so that you can live your best life! This is a lifestyle trading style you need to learn.
Honestly, this course is a must for anyone who invests. You will lose more in the market than you will spend this quality education – guaranteed.
Read my Invest with Teri Review.
Designed as a 101-level course on freight brokerage, you’ll learn the basics of freight brokering in this online course.
This course is designed for freight brokers in any setting, regardless of their employment status.
If you want to start your brokerage, we’ll show you exactly how to do it. If you are an agent or employee of a brokerage, we’ll take you through sales and operations modules designed to help you source more leads and move more freight.
The Empowered Business Lab teaches you how to sell your digital products naturally with strategies that just make sense.
Monica helps thousands find momentum and create revenue streams in their businesses.
After taking a second job as a driver for Amazon to make ends meet, this former teacher pivoted to be a successful stock trader.
Leaving behind the stress of teaching, now he sets his own schedule and makes more money than he ever imagined. He grew his account from $500 to $38000 in 8 months.
Check out this interview.
Know someone else that needs this, too? Then, please share!!
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More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
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Inside: Learn how much your 45k salary is hourly. Plus find tips to make more money and live the lifestyle you want.
You want to know to look into this… Is 45k salary a solid hourly wage in today’s society?
45k salary is a solid hourly wage.
For most people, a solid entry-level job with a degree or certification would be paying just over $45,000 a year. The question that remains is can you make a living off $45k a year.
The median household income was $70,084 in 2021 not much different from the previous year (source). Think of it as a bell curve with $70 at the top; the median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $55,350 for a 40-hour workweek; that is an increase of 1.1% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
But, the question remains… can you truly live off 45,000 per year in today’s society since it is well below both the average and median household incomes? The question you want to ask all of your friends is $45000 per year a good salary.
In this post, we are going to dive into everything that you need to know about a $45000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $45k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this $45k salary?
$45000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 45k a year hourly. That way you can decide whether or not the job is worthwhile for you. The same is true when getting your first job out of college.
For our calculations to figure out how much is 45K salary hourly, we used the average five working days of 40 hours a week.
45000 salary / 2080 hours = $21.63 per hour
$45000 a year is $21.63 per hour
Let’s breakdown how that 45000 salary to hourly number is calculated.
Typically, the average workweek is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $45000 by 2,080 working hours and the result is $21.63 per hour.
Just above $21 an hour.
That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
What If I Increased My Salary?
Just an interesting note… if you were to increase your annual salary by $5K, it would increase your hourly wage to just under $25 an hour – a difference of $2.41 per hour.
To break it down – 45k a year is how much an hour = $21.63
That difference will help you fund your savings account; just remember every dollar adds up.
How Much is $45K salary Per Month?
On average, the monthly amount would be $3,750.
Annual Salary of $45,000 ÷ 12 months = $3,750 per month
This is how much you make a month if you get paid 45000 a year.
$45k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $45k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$45000/52 weeks = $865 per week.
$45000 a year is how much biweekly?
For this calculation, take the average weekly pay of $865 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight-hour workday.
8 hours x 52 weeks = 260 working days
Annual Salary of$45000 / 260 working days = $173 per day
If you work a 10 hour day on 208 days throughout the year, you make $216 per day.
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$45000 Salary is…
$45000 – Full Time
Total Income
Yearly Salary (52 weeks)
$45,000
Monthly Wage
$3,750
Weekly Salary (40 Hours)
$865
Bi-Weekly Wage (80 Hours)
$1,730
Daily Wage (8 Hours)
$173
Daily Wage (10 Hours)
$216
Hourly Wage
$21.63
Net Estimated Monthly Income
$2,863
Net Estimated Hourly Income
$16.52
**These are assumptions based on simple scenarios.
45k a year is how much an hour after taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with an all salary range up to $142,800.
When you make below the average household income, the amount of taxes taken out hurts your hourly wage.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 45000 a year after taxes?
Gross Annual Salary: $45,000
Federal Taxes of 12%: $5,400
State Taxes of 4%: $1,900
Social Security and Medicare of 7.65%: $3,442.50
$45k Per Year After Taxes is $34,357.50
This would be your net annual salary after taxes.
Hourly Wage After Taxes
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$34,357.50 ÷ 2,080 hours = $16.52 per hour
After estimated taxes and FICA, you are netting $34,357.50 per year, which is $10,642.50 per year less than what you expected. That is significant!
Budgeting on $16 an hour is much different!
Taxes Based on Your State
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody who lives in a no-tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $45000 income can range from $30,757 to $36,157 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take home pay. It is one of those things that you should acknowledge and obviously, you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $45,000 income.
How Much is 45K a year Hourly Salary Calculator
More than likely, your salary is not a flat 45k, here is a tool to convert salary to hourly calculator.
Many entry-level jobs start at this range, which may make you believe that a business degree is worth it.
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person? And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $45,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live a very frugal lifestyle and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
As we noted earlier in the post, $45,000 a year is slightly below the average income that you would find in the United States. Thus, you have to be wise with how you spend your money.
What a $45,000 lifestyle will buy you:
If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
You are able to rent in a decent neighborhood in LCOL and maybe an MCOL city.
Looking for ways to invest 100 to make 1000 a day.
Foucs on being financially stable.
You should be able to meet your expenses each and every month.
Ability to make sure that saving money is a priority, and very possibly save $3000 in 52 weeks.
When A $45,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 45k a year is going to be pretty darn difficult.
There are two factors that will keep holding you back:
You must pay off debt and cut all fun spending and extra expenses.
Break the paycheck to paycheck cycle.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
Find low-stress jobs that pay well without a degree now.
$45K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money is left for fun spending.
This is how zero based budgeting works.
If you want to know how to manage 45k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $45000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$206
Savings
15-25%
$563
Housing
20-30%
$1069
Utilities
4-7%
$150
Groceries
5-12%
$313
Clothing
1-4%
$38
Transportation
4-10%
$131
Medical
5-12%
$225
Life Insurance
1%
$19
Education
1-4%
$38
Personal
2-7%
$38
Recreation / Entertainment
3-8%
$75
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$887
Total Gross Monthly Income
$3,750
**In this budget, prioritization was given to basic expenses and no debt.
Is $45,000 a year a Good Salary?
As we stated earlier if you are able to make $45,000 a year, that is a decent salary. You are making way more money than the minimum wage and close to double in many cities.
While 45000 is a good salary starting out in your working years. It is a salary that you want to increase before your expenses go up or the people you provide for increase.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
This $45k salary would be considered a lower middle class salary. This salary is something that you can live on if you are wise with money.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 95 percentile globally for per person income (source).
The question you need to ask yourself with your 45k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, in many modest cities, 45,000 a year will not be a good salary because the cost of living is so high, whereas these are some of the cities where you can make a comfortable living at 45,000 per year.
If you are looking for a career change, you want to find jobs paying at least $60000 a year.
Is 45k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $45000 per year.
And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.
Is 45k a good salary for a family?
Many of the same principles apply above on whether $45000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child.
That means that amount of money is coming out of the income that you earned.
So, the question really remains… Can you provide a good life for your family making $45,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 45,000 per year, then the combined income for the household would be $90,000. Thus making your combined salary a very good income.
Learn how much money a family of 4 needs in each state.
Can you Live on $45000 Per Year?
As we outlined earlier in the post, $45,000 a year:
$21.63 Per Hour
$173-216 Per Day (depending on length of day worked)
$865 Per Week
$1,730 Per Biweekly
$3,750 Per Month
Next up is making $50,000 a year.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than in Oklahoma or even Texas.
In addition, if you are early in your career, starting out around 41,000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and still making $45K, then you probably need to look at asking for pay increases, pick up a second job, or find a different career path.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.
Learn exactly how much do I make per year…
One of the best ways to improve your personal finance situation is to increase your income. Here are a variety of side hustles that are very lucrative. With time and effort, you can start enjoying the lifestyle you want.
As an Amazon Associate and member of other affiliate programs, I earn from qualifying purchases.
This is the perfect side hustle if you don’t have much time, experience, or money.
Many earn over $10,000 in a year selling printables on Etsy. Learn how to get started by watching this free workshop.
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…no matter how much or how little experience you have.
Learn how to supplement your daily, weekly, or monthly income with trading so that you can live your best life! This is a lifestyle trading style you need to learn.
Honestly, this course is a must for anyone who invests. You will lose more in the market than you will spend this quality education – guaranteed.
Read my Invest with Teri Review.
Designed as a 101-level course on freight brokerage, you’ll learn the basics of freight brokering in this online course.
This course is designed for freight brokers in any setting, regardless of their employment status.
If you want to start your brokerage, we’ll show you exactly how to do it. If you are an agent or employee of a brokerage, we’ll take you through sales and operations modules designed to help you source more leads and move more freight.
The Empowered Business Lab teaches you how to sell your digital products naturally with strategies that just make sense.
Monica helps thousands find momentum and create revenue streams in their businesses.
After taking a second job as a driver for Amazon to make ends meet, this former teacher pivoted to be a successful stock trader.
Leaving behind the stress of teaching, now he sets his own schedule and makes more money than he ever imagined. He grew his account from $500 to $38000 in 8 months.
Check out this interview.
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.