Many people are discovering how to make money online even while they still hold a steady 9 to 5 job. What many people have not given much thought to is how to use financial planning to make the best use of these additional monies. It is pretty common knowledge that our lifestyles tend to expand to fit our income, so if we don’t plan to use the extra income for specific ways to increase our future wealth it can easily be spent before we know it. Here are a number of things that you can do to help solidify your financial future while having fun making some extra money online:

Create an emergency fund – It is now recommended to have at least eight months or more of an emergency fund. With a recession appearing on the horizon, you may want to set that money aside in case times get tough.

Invest it – Obviously the stock market is a bit bouncy lately, but there are other ways to invest your money to get some interest on top of it. You can find online deals that give you money to start an account, like prosper.com or lendingclub.com where you might get a rate of return of up to 18% or more.

Open new accounts with perks - Even some banks will put an extra $25 to $50 in your account for opening specific types of accounts for savings or investments.

Open a health savings account (HSA) – You do need to have a high deductible health insurance plan to open one. You can assign a beneficiary and decide how to invest the money in the Health Savings Account so you get a return on your investment while you secure your health benefits.