Debt Consolidation Forums Question of the month forums

What can you do to earn extra $ to reduce your debt burden?

member profile picture
Posts: 2071
Credits: 151450.7
[Donate]

In today’s world of rising prices along with debt burden almost every one of us are struggling to make the two ends meet. In this situation, how can you increase your income to become debt free?




I just found out through a great member here on this forum that ebay is a great and real way to sell what you have and earn good money by doing it. You can start out with a little and over time turn it into a full time job if you want. That is my plan. I always wanted to work from home making good money and all the benifiets it has with it.

This ideal has not only giving me hope but something great to look forward to instead of worrying about stuff I have no control over anyway.

EBAY is the name and the Way!!

Sub: #1 posted on Mon, 07/07/2008 - 19:08

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

I've always had a part-time job to supplement my regular income--even working a couple hours in the evening or on weekends helps! I also complete surveys for a small amount of cash--it's nice to get a check in the mail for $5-25, just for spending a little time giving your opinion! Selling items at garage sales or Ebay can also be a nice supplement to your income.

Sub: #2 posted on Mon, 07/07/2008 - 19:33

Elle_Marie Elle_Marie

(Posts: 91 | Credits: 17.1)

Most americans can just change one thing in their daily routine and save money. For me, it would be not going out to eat as much and eating home more often. If I did that, I would save over $200 a month. That is a lot of extra money.

Sub: #3 posted on Tue, 07/08/2008 - 02:26

Bobbie Hendricks Bobbie Hendricks

(Posts: 1 | Credits: 0.35)

Option 1 : Become a member here if you aren't already and earn debt cc point to cash in for money.

Option 2 : Why not recycle? You can earn money and help save the environment at the same time. You would be surprised how much those cans and bottles add up.

Sub: #4 posted on Tue, 07/08/2008 - 02:29

mobile0311 mobile0311
Moderators
(Posts: 1817 | Credits: 104.57)

Take a second job? Babysit? Sell unneeded items? Ditch the car and get a bike? If I knew the best answer for this I might not be needing help!

Sub: #5 posted on Tue, 07/08/2008 - 08:24

lindsay.haller lindsay.haller

(Posts: 1 | Credits: 0.37)

Before you go out and get a second job, try makeing smarter purchases and counter attack your everyday routine with something that would cost you less out of pocket expenses and use those savings towards paying off your debts. As an example, rather than going out to eat during lunch time, bring your own lunch -- I save $100 a month and that money goes towards my credit card. Rather than paying the $15 minimum, I am able to pay 6 times that amount which brings me even closer to being debt free. You can also make simple sacrifices such as shopping less at expensive outlets, carpooling, buying a membership in a bulk outlet store such as Sam's Club (the membership literally pays for itself), cancel your newspaper and magazine subscriptions and read them online, etc. Use the money you save from these small sacrifices towards paying off your debt.

Sub: #6 posted on Tue, 07/08/2008 - 20:32

Amanda Webb Amanda Webb

(Posts: 1 | Credits: 0.4)

I have increased my income by de-creasing certain non-neccesities in my life...such as the daily latte and muffin, washing my own car, clipping dry cleaning coupons, brown-bagging my lunch to work and buying in bulk. When I sat down the worked the numbers, just these small changes "increased" my income by almost $400 a month!

Sub: #7 posted on Wed, 07/09/2008 - 04:25

jenoliver33 jenoliver33

(Posts: 56 | Credits: 4.35)

figure out what your hands can do free, example: braid hair!
pick wild flowers let them dry out and create arrangements! then sell them at the beach.
let your hands make money for you!!!!!!! with what you love to do. do you bake ? bake and sell cookies and small cakes
at the beach. try it!!!!!
mrs. stokes

Sub: #8 posted on Wed, 07/09/2008 - 23:17

stokesstokesco stokesstokesco

(Posts: 1 | Credits: 0.41)

You can get a second job. Put all that income towards your debts.

You could sell some of your things you don't need. I've sold jewelry to get extra money when I needed money for payments. It hurt, but I needed to do it.

You could ask to borrow money from a family member or friend. Might be awkward, but you could work out a payment arrangement that would be better for you. At least a family member won't charge you 30% if you are late on a payment.

You could brown-bag it to work. Eating out & getting coffee everyday is a lot of money. Take that money you would have used & put it away somewhere safe (bank, secret stash in house) somewhere that you won't be tempted to spend it.

You could try & restructure other bills. Contact the lender & see if they can lower payments for you. Take the money saved there & apply to other debts.

Apply for a debt management program. The dmp can negotiate lower rates, get you one lump payment-which might end up saving you in the long run. I know for me entering a DMP saved me about $150 a month.

Don't spend as much. Think about what you really WANT vs what you really NEED. Budget it out. See if your budget can allow for it.

Freeze your cards. You could put your credit cards in water and then freeze them. Keep one out for emergencies-just in case you have one. The others, if you feel tempted to use them, then you can take them out of the freezer, let them defrost while you think about what you want. By the time they defrost you can have a clear head.

DON'T take a out a Pay Day Loan. They sound nice but they are TROUBLE. They will get you deeper in debt FAST.

Sub: #9 posted on Thu, 07/10/2008 - 06:35

lawn1016 lawn1016

(Posts: 676 | Credits: 70.59)

Sell unwanted items on Ebay. Have a garage sale. Make crafts and sell them at a craft show. Get a part time job. These are just a few things. My mom and I actually went to estate sales and bought things that we knew would be hot sellers on ebay. Like collectible cups and saucers. Old plates and things like that. We then listed them and watched the money double. It is a little time comsuming, but also fun to watch the prices go up on the auctions. We did this every week for about 6 months. I would say we pretty much doubled our money.

Sub: #10 posted on Thu, 07/10/2008 - 07:55

strangclan strangclan

(Posts: 24 | Credits: 6.62)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 3.863 seconds.