Get Rich Slowly has an article on saving vs spending. Of course the usual suspects show up such as budgeting and cutting out expenses but all the budgeting in the world will only get so far if you have a meager income. 

How you do increase your income?  A few years ago I had an inspiration of sorts that I needed to find one new source of income each year.  In that year I finished grad school and started teaching undergrad courses at a local technical university.  Instant second source of income. 

So the second job is a no brainer.  You work you get paid.  This only scales up so far.  You can't work more hours then there are in a day and you need to sleep sometime.  So the second source of income is your money.  Yes that's right your cash should be working for you.  If you have a savings account at a major brick and mortar bank chances are you are getting screwed.  Sorry to be crude but you have to realise that you are throwing money away.  It's great that you have a savings account but definetely check out some of the online options for great savings rates.  Online banks offer great rates, top notch web sites and ready access to cash.  You can transfer money to and from these banks from your regular savings account.  So even if you only have $50 (the amount I started with) open an account now and start taking advantage of compound interest.  You'd be amazed at the income you will earn each month as your account grows and your interest compounds.  One of the best moves may be to set up an automatic deposit so you don't even have to think about it.

Stay tuned for part 2 for other ways to increase your income.