Jean, Laurel and Dave (yes, I have read these financial planner people’s books enough to feel I can call them by their first names…) all agree that after cutting your expenses, creating and sticking to a budget, making sure you have an “emergency fund” and then paying off your debt (highest interest rate items first) is a good plan.
If you have cut your expenses and still need additional income, you can:
-Get a second job (make sure it doesn’t kill you now physically and later at tax time)*
-Sell things you own (had the garage sales…)
-Sell your services/expertise (the reason for this post)
I already make my hobby of scrapbooking pay for itself with the weekend crops, but realistically, I can’t do more than 6 a year as it is too hard for a weekend on the family…and hourly, it’s not that profitable.
Here is a new one: Classes.
I am going to teach “coupon clipping 101” classes at the local public library and also through the local Parks & Recreation program. My power point presentation is already finished for the 2 hour class…and I have finished the handouts. I just need copies of the local stores coupon policies for their pass outs and am ready to rock!
My first class is in December, so I will only be teaching one before the end of this year but I will be back in business for the new year. What did it take to land this gig? A few phone calls. What am I getting paid? Let’s just say enough to cover my grocery budget each month…
What could YOU teach?
Scrapbooking 101? 15 minute meals? Fun things to do with little people on a rainy day? Knitting? Organizational basics?
Turn your talents into cash and make them duplicable.
**back to that second job. A few years back, dear hubby tried to work a part time job (1-2 days a week) long with his full time job. Bad idea for several reasons:
– We hardly saw him
– When we DID see him, he was beat
– They didn’t take much out in taxes and we had to pay a LOT in when we filed our returns…
It just wasn’t worth it. Try something else instead 🙂