How to Find Extra Money

If you are scraping to get by, as so many are in today's economy, you may be searching for ways to find extra money. These simple suggestions will help you bring in extra income without having to get another job or live off of Top Ramen.

Things You'll Need

• Tax information (W-4)
• Retirement information

Instructions

1. Reduce Your Retirement Contribution. Lets say 10% of your wage is being contributed to a retirement account. If you are in dire need of money, you could consider reducing this amount to 5% and bringing in more income per month.

2. 

   Change Your Withholding. The higher number you claim on your W-4, the more you will get back during the year (in other words, the less taxes you pay out during the year). If you are claiming 0, consider claiming 2 or higher to increase your paycheck.

3. Cash in Debts. Do you purchase items for a church or organization that you should be reimbursed for? Be sure that you are getting reimbursed for everything that you purchase.

Tips & Warnings

• If you decide to reduce the amount you contribute to your retirement, beware. While it will help you bring in more income in the short-term, long-term you will likely not regain the value of the money that you would have contributed.

• If you claim a higher number on your W-4, you will be paying less taxes during the year, which means you will owe more taxes at the end of the year. Be aware that this could mean having to pay out, come April 15th.