Extra money for vacation? An expert on how to get them quickly
Additional expenses, such as a vacation, an emergency car repair or a larger electricity bill, often appear faster than we can prepare for them. In such situations, many people wonder how to obtain additional funds in a short time.
We asked financial educator Karolina Nowicka for advice in this regard, who is known on Instagram (she has over 163,000 followers there) as the Savings Lady.
First of all: instead of reducing expenses, it is worth approaching the topic the other way round – focusing on increasing your income.
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Micro-orders – it's all up to us
Nowicka emphasizes that almost everyone has some skills that can help them earn extra money. – If we need a relatively quick injection of cash, I would definitely recommend considering your skills and ways to cash them in, she points out.
There are many ways to monetize your talents – it all depends on your competences: it may be house cleaning, baking cakes, so-called handyman, tutoring, translations, additional professional projects.
How to find people willing to work for us? — You can advertise yourself, for example, at your job, at your university, in a Facebook group on a given topic, advises Nowicka. There are also special applications where you can offer your services.
From the point of view of the labor market and consumer trends, such “micro jobs” are becoming one of the simplest forms of earning extra money today. They give a quick effect and do not require large start-up costs.
This is how you can earn money on bank promotions
However, there are ways to earn extra money that do not require much additional work from us, but you have to wait for them for a while. These are bank promotions – a solution that is still underestimated, although in practice it can bring several hundred zlotys, and sometimes even more. Nowicka is a specialist in this topic and regularly advises her recipients.
— I recommend using the promotion of personal or business accounts with the so-called prize. Banks then pay us a bonus for opening an account and meeting a few, usually very simple conditions, he explains.
The above-mentioned conditions are most often the need for a specific impact on the account, making several card or BLIK transactions or making several transfers. — Bonuses are divided into tranches and are usually paid within a few months. Most often, the first bonus is paid within two or three months, but it depends on the offer. Sometimes you can get the bonus immediately or after a month, but sometimes you have to wait longer – explains the expert.
He admits that there are many people willing to earn money from bank promotions. – Every month, about a thousand people use my recommendations, which I share on my Instagram, in the Facebook group or in the newsletter, and thus supplement their household budget – he says.
He adds: – Whenever an offer appears, I describe it in detail so that my followers can receive a bonus with the least effort on their part.
At the same time, he emphasizes that it is crucial to thoroughly understand the rules of such offers. – The regulations are often quite complicated, so you could say that I translate banking language into human language – he admits.
From the user's perspective, this means one thing: money is real, but it requires attention. Failure to meet the conditions – for example the number of transactions or deadlines – may mean the loss of bonuses.
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“You have to chase your savings”
The expert also pays attention to how money is stored. Even if we set aside funds for several weeks or months, they should not remain idle.
— It is also important to rush your savings to work, because every day is a potential profit or loss, and it is up to us what we choose. If we keep money in a personal account, inflation eats it up every day, he explains.
Therefore, even with a short time horizon, it is worth using basic financial products. — When we put them in, even the simplest deposit or savings account, which are recommended when it comes to investing savings for short-term purposes (several weeks, months), we receive interest and in this way, at least partially, we protect the savings against loss of value – notes Nowicka
In practice, these are not tools for dynamic capital multiplication, but rather for securing it and maintaining financial discipline.
While quick methods of making money have their uses, there's more to it in the long run. According to the expert, the best ways to earn extra money are those that result from using our skills and – in a broader perspective – developing and increasing our value on the labor market.
