How Can I Realistically Increase My Income in a Tough Economy?

by Expensor Team

Focus on low-barrier opportunities, skill-based freelancing, and maximizing what you already know or own. In a slow economy, resourcefulness matters more than scale.

Even when the market tightens, there are still ways to earn more—some small, some temporary, but all real.

1. Offer a service using skills you already have

Tutoring, writing, editing, childcare, repair work, language lessons—any skill you can do locally or online has value.

Use free platforms like TaskRabbit, Upwork, or local Facebook groups

2. Take on part-time or flexible work

Look for:

  • Delivery or courier jobs
  • Remote customer service roles
  • Temp agency assignments
  • Evening/weekend retail or hospitality shifts

Even short-term work can create stability while you plan longer-term moves.

3. Monetize underused assets

Rent out:

  • A room (short- or long-term)
  • Your car or parking space
  • Tools, camera gear, equipment

Many platforms make this low-effort. You don't need to sell—just share for a fee.

4. Apply for targeted aid or relief programs

In slow economies, there are often:

  • Local grants or stipends
  • Utility relief programs
  • Job training funds or upskilling subsidies

These don’t always look like “income,” but they free up cash or create earning potential. Check city or state-level resources.

5. Learn a low-cost, in-demand skill

Instead of returning to school, focus on one useful skill you can learn quickly and apply directly. Examples:

  • Excel and spreadsheets
  • AI prompting or basic coding
  • Social media management
  • Digital product design

Many free or low-cost courses are online. Stack learning with small freelance projects to start earning faster.

6. Ask for more where you already are

If you're employed:

  • Ask for extra hours or overtime
  • Offer to take on a higher-responsibility task
  • Document what you contribute and request a raise with a clear case

It’s often easier to grow where you already have trust and context.

Summary: How to increase income in a tough economy

  • Use skills you already have to offer services
  • Take part-time, flexible, or short-term work
  • Rent or monetize existing assets
  • Tap into local support or upskilling programs
  • Build new, marketable skills that pay off quickly
  • Leverage your current job for more opportunity

You don’t need a perfect market—you need a clear strategy, a useful skill, and a willingness to start where you are.