Bible Money Matters

Christian personal finance

Menu
    • About
    • Archives
    • Contact
    • Close
  • Making Money
      • Popular Articles

        • 50 Ways To Make Money: Maximizing, Creating And Increasing Your Income
        • 10 Weird And Unconventional Ways To Make Money
        • Making Money With A Blog (e-Book)
        • 10 Places To Sell Or Trade Your Unused (Or Broken) Electronics
        • Ways To Make Extra Money Series: 20 More Income Generating Ideas From Our Readers
        • Making Side Income Can Help Blunt The Impact Of Becoming A One Income Family
        • Earn Cash Back With Discover it® Credit Card
      • Recent Articles – Making Money

        • Best Sites Like Fiverr To Make Money As A Freelancer
        • 13 Of The Best Independent Contractor Jobs
        • 25 Of The Best Gig Economy Jobs
        • How To Make Money Blogging: Turn A Blog Into A Business
      • Categories

        • Making Money
        • Investing
        • Retirement
        • Jobs & Work LIfe
        • Money
        • Income
    • Close
  • Saving Money
      • Popular Articles

        • 50 Easy Ways To Save Money Every Month
        • 10 Weird And Unconventional Ways To Save Money
        • 10 Practical Ways To Save Money And Increase Your Net Worth
        • How To Save Money On Just About All Of Your Regular Monthly Bills
        • Ways To Watch TV Without Paying An Arm And A Leg For Cable TV
        • Save Money On Your Hospital Bill - Just By Asking
      • Recent Articles – Saving Money

        • How To Save $100k In 7 Practical Steps
        • Stairs App Review: Save And Invest To Earn 4-6% Interest
        • Honey Review: Save Money Automatically When You Shop Online
        • 9 Convincing Reasons Why You Need An Emergency Fund
      • Categories

        • Saving Money
        • Frugality
        • Planning
        • Finance
        • Saving For Retirement
        • Savings Accounts
    • Close
  • Banking
      • Best Rates For 2019

        • Best Credit Cards
        • Best Savings Accounts
        • Best Mortgage Rates
        • Best CD Rates
        • Best Brokerages
        • Free Credit Scores
      • Recent Reviews

        • TradeStation Review: Commission Free Stock And ETF Trades
        • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
        • Cadre Real Estate Investing Review: Commercial Real Estate Investing
        • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
      • Categories

        • Bank & Software Reviews
        • Investing
        • Credit
        • Banking
        • Mortgage
        • Insurance
        • Family Budget
    • Close
  • Recommended
  • Video
    • Close

How To Increase Your Income Without A Raise

By Tim 4 Comments - The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited February 10, 2014.

Share44
Pin26
Tweet2
Share3
75 Shares

There are a lot of ways to make money online and ways to use side jobs for extra cash.  This article, however, isn’t about earning extra money outside of work – it’s about increasing your income with the job you already have.  It always seems difficult asking for a raise, so these tips (if presented correctly) are a good way to sidestep the dreaded ‘raise conversation’ while increasing your income at the same time.

The key to approaching any of these extra benefits is to come prepared when talking to your supervisor about them.  Focus on these three points before suggesting any added benefit to your job.

Quick Navigation

  • Know Your Numbers
  • Ask Humbly
  • Be Thankful No Matter The Outcome
  • Added Benefits That Can Effectively Increase Your Income

Know Your Numbers

Calculate the cost of each extra add-on and project what it means for the business.  It should mean extra sales, revenue, or savings for the company.  If it doesn’t add to the bottom line, why should they even consider it?  That’s the question they’ll ask and it’s your responsibility to come prepared.

how to increase income without a raise

Ask Humbly

A surefire way to look selfish and to have your ideas rejected right away is to tell your boss that you deserve these benefits.  Instead, come prepared with all your improvements you’ve made to your job and show how the added benefits will improve things even more. Most importantly, never ask for anything because a coworker has it – leave that out of the conversation because it often comes across as whining.

Be Thankful No Matter The Outcome

If your proposal is rejected, don’t storm away and be bitter.  Instead, show your boss that you’re working to improve in your job despite the denied requests.  This should build respect and show others that you’re committed no matter the circumstances.

Added Benefits That Can Effectively Increase Your Income

  • Phone – If you are constantly missing calls because your job requires you to be away from your desk, a cell phone might be in the best interest of the company…and you.  The most common cell phone plans can easily be $70 – $100 each month, so a company paid cell phone can be an extra $1,000 in your pocket for the year!
  • Computer – If you are limited to a computer only at work and need to be mobile and even work in the evenings, a laptop or home computer setup can mean more productivity in your job and extra savings for you.
  • Car – Though uncommon for many jobs, a company car can save you tons of money in the long run.  Driving a company vehicle will keep the miles off of your car and cost you less in gas each month.  If your company doesn’t offer this benefit, try opting for a rental whenever you need to travel for the company so that your car doesn’t get more miles than it needs.
  • Credit Card, Hotel Points, and Airline Miles – Do you have to purchase airline tickets or hotel stays frequently?  What about picking up material for the job?  Ask your employer if it’s OK to use your credit card for these purchases and to be reimbursed.  This lets you take advantage of the reward points from a credit card, which can add up fast!  (If you’d rather not use credit cards, you can still be rewarded for your expenses by using Perkstreet)Also, if you’re planning on taking a few trips this year, sign up for a hotel reward system and be sure to book through them.  You might even get a free stay from your company paid trips and that extra few hundred dollars can come in handy around vacation time!
  • Tuition Reimbursement – This might already be a benefit your employer offers and I hope you’re taking full advantage of it.  If they don’t offer it and you want to further your education, try to propose the tuition assistance request in a way that highlights the benefits that the company will have from your training/education.  Whether the reimbursement is $500 or $5,000 for school, that’s money you didn’t have to spend.
  • Miscellaneous Education – Does your department offer special training or certificate programs?  What about a book allowance?  Showing initiative by reading relevant books and studying for certification will improve your resume and directly help your employer.  Having this paid for is even better.  If work agrees to pay for one book a month, that can save you hundreds of dollars a year!
  • Four 10 Hour Days – If your job can be done in four ten hour days rather than five eight hour days, you might be able to negotiate a new schedule.  How will this save you money?  It can cut your car’s gas bill by 20%; lower your childcare bill by 20%, or allow you time to work on a side business on that extra day. (Maybe you can even get started on that eBook you’ve always wanted to write…)

 

Have you negotiated an extra benefit at work?  How much money did that save you?

Related Posts

  • Ways To Make Extra Money Series: 5 More Ideas To Create Extra Income

    First, I need to say thanks to Pete for bringing me aboard Bible Money Matters! It's a thrill to be writing for one of the…

  • Found Money
    5 Ways To Make Some Extra Money

    If you're anything like me, there is always a time when you can use a little extra money around the house to pay off debt,…

  • Ways To Make Extra Money Series: 5 More Great Ideas For Creating Extra Income

    The absolute best way to create extra income is to pursue something you love.  For this reason, I’m a fan of turning a hobby into…

Share44
Pin26
Tweet2
Share3
75 Shares
Last Edited: 10th February 2014 The content of biblemoneymatters.com is for general information purposes only and does not constitute professional advice. Visitors to biblemoneymatters.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.

This article is about: Jobs And Work Life, Making Money

About Tim

Tim is a personal finance writer at Faith and Finance a Christian financial help blog that provides financial insights for individuals, businesses, and churches. Outside of finance, Tim enjoys spending time with his wife, playing the saxophone, reading economics books, and a good game of RISK or Catan. Find him on Twitter and Facebook.

Comments

    Share Your Thoughts: Cancel reply

  1. Olivia says

    My husband, a pastor, negotiated his call from the get go. He asked that his book and training expenses be taken out of his salary upfront and put into separate qualified accounts. Much like as with an HSA, he and the church both save on taxes. These are yearly business expenses he would have incurred anyway.

    Reply
  2. Kim at MMI says

    I really value opportunities for education. In addition to reading books at attending webinars, I get a lot out of attending conferences like the Mom2Summit.

    Regarding the asking part, I also think timing is important. Before asking for additional benefits, consider your organization’s finances. There are certain times when your company’s finances are tighter than others, and there are times when the budget is more receptive to change.

    Reply
  3. Tim @ Faith and Finance says

    @Olivia – Great example! Thanks for sharing!

    @ Kim – You’re right about the company finances. Sometimes it just looks bad when you ask for these extras at the wrong time. That’s why you need to come prepared and know what’s happening with the company financially.

    Thanks for your comments!

    Reply
  4. Dan W. says

    No doubt working more hours in four days is effective. If you work from coffee shops and can’t give up your latte, this is a good way of saving a few dollars each week. I sometimes schedule at least 10 hours of work exclusively from home to save a few more bucks.

    Reply
Previous Post: Should You Tithe On Lottery Winnings?
Next Post: 3 Financial Self Defense Weapons
Discover Investment Platforms

Popular Posts

  • 21 Easy Ways To Earn Free Amazon Gift Cards
  • 10 Best Free Tax Filing Services And Software Online
  • 21 Apps That Pay You Real Money Fast
  • 17 TV Apps And Live TV Streaming Services To Watch TV Free
  • 30 Legit Online Jobs That Pay Well
  • 37 Easy Ways To Get Free Gift Cards
  • How To Get Free Stock
  • 40 Easy Ways To Get Free Money Fast
  • 21 Places To Read Free Books Online
  • 24 Legit Online Jobs
  • 17 Best Work From Home Jobs: A List Of Legit Online Jobs That Pay Well

Recent Posts

  • How To Save $100k In 7 Practical Steps
  • How to Save Money When Remodeling A Home
  • How To Hire A Contractor For Your Remodeling Project
  • Remembering 9/11 Years Later: Where Were You On That Fateful Day?
  • TradeStation Review: Commission Free Stock And ETF Trades
  • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
  • Cadre Real Estate Investing Review: Commercial Real Estate Investing
  • Best Sites Like Fiverr To Make Money As A Freelancer
  • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
  • 30 Quotes About Easter And Resurrection: He Is Risen!

Disclaimer

The information contained in BibleMoneyMatters.com is for general information or entertainment purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with some of the companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

Any references to third party products, rates, or websites are subject to change without notice. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.

Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates.

We respect your privacy: Privacy Policy.

Thanks for visiting!

Bible Money Matters - Seen On These Sites and more..
Bible Money Matters is a personal finance, entrepreneurship and investing community. Give more, save more and live more.

Copyright © 2023 · Bible Money Matters | Sitemap | Advertise | Privacy Policy