extra money http://www.wisebread.com/taxonomy/term/2775/all en-US 13 Ways to Make Money From Valentine's Day http://www.wisebread.com/13-ways-to-make-money-from-valentines-day <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/13-ways-to-make-money-from-valentines-day" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000064829127.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>While Valentine's Day is traditionally for lovers, it's also for savvy entrepreneurs. Instead of emptying your wallet to buy your special someone something special (aka &quot;expensive&quot;), you can actually turn a profit by setting up a side gig. Take advantage of the Hallmark holiday by raking in cold, hard cash with these 13 ways to earn extra money from Valentine's Day.</p> <h2>1. Create Handmade Valentine's Cards</h2> <p>If you're crafty or have decent graphic design skills, create your own line of heartfelt or funny Valentine's greeting cards. They're relatively easy to make &mdash; keeping them clever will probably be the hardest part &mdash; and you can sell them on Etsy, Bonanza, and a host of other sites that <a href="http://moneypantry.com/etsy-alternatives/">cater to handmade items</a>. You'll can find colored envelopes at your local office-supply or craft store, and be sure to account for the cost of materials and shipping when pricing so you can make a decent profit.</p> <h2>2. Deliver Stuff</h2> <p>Not all local companies have the resources to offer delivery services, and that's where you come in. Identify some of the businesses that are particularly relevant around Valentine's Day and contact them to see what their delivery needs are. Places like florists, gift shops, and bakeries may be able to use an extra hand.</p> <p>Bear in mind that this gig will likely be under-the-table because of insurance restrictions, so consider that before deciding if this is right for you. Even better, you may be able to score private gigs from, say, a guy who wants to send his girlfriend flowers last minute so he can save on the high shipping and delivery costs. One man's procrastination is your extra cash.</p> <h2>3. Play Chef for a Couple's Romantic Dinner</h2> <p>Are you a whiz in the kitchen? Offer to cook a multi-course meal for family, friends, co-workers, or even strangers who want to enjoy a relaxing Valentine's Day at home without all the hassle of cooking a romantic dinner. Plan a special menu of the couple's favorite dishes &mdash; complete with candles, ambient lighting, and mood-setting music &mdash; and set your fee to accommodate for the ingredients, travel, and time spent setting up, cooking, and cleaning after the meal.</p> <h2>4. Write Love Letters for Would-Be Casanovas</h2> <p>Most people aren't very slick when it comes to writing poetry or love letters, but if you're a gifted writer who can make people swoon in just a few sentences, putting sweet nothings on paper might be your money maker. (See also: <a href="http://www.wisebread.com/11-life-skills-that-are-now-completely-obsolete?ref=seealso">11 Life Skills That Are Now Completely Obsolete</a>)</p> <h2>5. Plan Exciting Date Experiences</h2> <p>Everybody has their strengths, but men aren't always the best at planning special, exciting, or romantic dates. There are some creative dudes out there, for sure, but for the most part, the male of the species needs help in this area. If you happen to excel in this department, put together a few itineraries that are too good to pass up, and then do the due diligence so you can get paid by setting up the date to ensure that it goes off without a hitch.</p> <h2>6. Babysit or Pet Sit</h2> <p>All those parents you know &mdash; both of human and fur babies &mdash; deserve a break, too. And you can cash in big if you have the skills, certifications, and patience to babysit or pet sit while Mom and Dad enjoy a night out on the town.</p> <p>According to UrbanSitter's 2015 Babysitting and Nanny Rates Survey, you're looking at about $15 per hour for one child and upwards of <a href="https://blog.urbansitter.com/2015-babysitting-nanny-rates-survey/">$20 per hour for three children</a>. Add in a 15%-20% tip plus pizza money and you could take home a legit payday, albeit with a few more gray hairs. For pet sitting, you can expect between $10 and $15 per hour, as estimated by Care.com's <a href="http://www.care.com/pet-sitting-rates">pet care rate calculator</a>.</p> <h2>7. Bake Valentine-Themed Goodies</h2> <p>What's Valentine's Day without dessert? That's the best part! Whip up your famous cookies, cakes, and pastries, and shop them around to local eateries (you'll fare better if you establish yourself as a small business with well-packaged goods and a business card; both of which are easy to do), or offer them up to your private network of friends, family, and co-workers.</p> <h2>8. Unload Unwanted Jewelry</h2> <p>If you have a collection of jewelry with which you're willing to part, you may be able to find interested buyers in your area. Instant-list apps like Wallapop, VarageSale, and OfferUp have made it simpler than ever to unload your items by snapping a photo, writing a short description, and naming a price.</p> <h2>9. Promote Your Party-Planning Skills</h2> <p>There may not be a huge market for amateur party planners, but it's worth a shot. If you're known for throwing memorable shindigs, you might be able to drum up some business. Shop the dollar stores for decorations to keep costs down.</p> <h2>10. Busk, or Serenade Couples</h2> <p>Throw a hat or instrument case on the ground in a well-traveled area and belt out love songs all day. If you want to be more proactive about it, take your show on the road and wander up to lovey-dovey couples for a serenading session. That dude would be a dummy if he didn't at least reach in his pocket for a dollar.</p> <h2>11. Photograph Couples' Special Moments</h2> <p>Valentine's Day, with all the sentiment that surrounds it, is prime time for weddings, engagements, and other relationship-specific photo ops. If you're handy with a camera, offer to snap shots of the special moments that the happy couple will cherish forever.</p> <h2>12. Draw or Paint Couples' Portraits</h2> <p>You don't have to be a well-established or recognized artist to sell your work. Some couples may enjoy the prospect of being drawn or painted, not only as a Valentine's Day activity, but also a gift to themselves that they can hang in the home as a reminder of their love.</p> <h2>13. Host a Singles Party for All Your Lonely Friends</h2> <p>Planning on spending Valentine's Day alone? Not anymore. Host a party at home for singles, if you have a large and diverse network of friends. Charge a few bucks admission to cover the cost of food, décor, drinks, and so you can walk away with a reasonable wage.</p> <p><em>Do you have other ways to make extra cash on Valentine's Day? I'd love to hear some of your ideas in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-valentines-day-picks-your-pocket">8 Ways Valentine&#039;s Day Picks Your Pocket</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-must-know-about-money-before-you-take-a-side-job">10 Money Moves You Need to Make Before You Take a Side Job</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/celebrate-love-not-money-with-these-recycled-valentines-day-gifts">Celebrate Love, Not Money, With These Recycled Valentine&#039;s Day Gifts</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-money-recycling">Make Money Recycling: Get Paid to Recycle by 15 Websites</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income extra money Holidays money part-time job Valentine's Day Mon, 08 Feb 2016 10:00:05 +0000 Mikey Rox 1651572 at http://www.wisebread.com 7 Employer Benefits That Can Leave More Spending Money in Your Pockets http://www.wisebread.com/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_gazing_piggy_bank_000013170716.jpg" alt="Woman learning of employer benefits that provide spending money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Looking for a new job? Don't go by salary alone. Look at all the perks that your potential new employer offers.</p> <p>The Society for Human Resource Management reported that 35% of U.S. companies increased the amount of benefits they offered employees in 2015. Some of these companies began offering more vacations or even free health insurance for their workers' cats and dogs.</p> <p>Here is a look at seven of these more unusual employee benefits that could leave you with a fatter wallet each year.</p> <h2>1. Tuition Assistance</h2> <p>The Society for Human Resource Management found that 52% of companies in 2015 offered some form of tuition assistance for employees seeking a graduate degree. This is a valuable perk. Peterson's, a Web portal offering information for current and potential college students, reported in 2015 that the average cost for a master's degree was $30,000 at public universities and $40,000 at private universities. FinAid.org says that the average annual cost for a graduate degree &mdash; depending on what type of degree you are seeking &mdash; ranges from $30,000 to $120,000.</p> <h2>2. Transit Subsidy</h2> <p>The Society for Human Resource Management reported that 13% of companies in 2015 offered transit subsidies to help cover the costs their employees pay to get to and from work. Again, this benefit can add up: In June of 2015, Citi's ThankYou Premier Commuter Index found that workers spent an average of $2,600 to get to and from their jobs.</p> <h2>3. Health Club Memberships</h2> <p>Employers want their workers to remain healthy. Employees who aren't sick can complete more reports, close more sales, and build more widgets. It's not surprising, then, that many offer either full or discounted memberships to local gyms or health clubs. If your employer offers this perk, take advantage of it. IBISWorld reported that in 2014 the average member of a gym paid $41 a month in membership fees. This means that a free membership to your area gym could save you about $490 a year in fees.</p> <h2>4. Vacation Spending Money</h2> <p>A 2014 Forbes story highlighted the vacation spending money that Moz, an SEO and marketing company, was providing to its employees. According to the story, <a href="http://www.forbes.com/sites/kateharrison/2014/02/19/the-most-popular-employee-perks-of-2014/">Moz offered employees $3,000</a> in vacation reimbursement to help cover the costs of their food, lodging, entertainment, and transportation while they vacationed across the globe. This might seem excessive, but some employers worry that their workers aren't taking enough of their vacation days. A vacation voucher might encourage some to unplug from the working world for a week or two, allowing them to return to the office recharged.</p> <h2>5. Pet Health Insurance</h2> <p>Pets can rack up some big medical bills. And insuring pets can be costly. Bloomberg Business cited numbers from the American Pet Health Insurance Association showing that in 2013 it cost an average of $457 a year in annual premiums to <a href="http://www.bloomberg.com/news/articles/2015-02-17/the-rising-costs-of-health-care-for-cats-and-dogs">insure a dog</a> and $290 for a cat. The good news? The Society for Human Resource Management reported that in 2015, 9% of employers offered employees access to free or discounted pet health insurance.</p> <h2>6. House Cleaning Services</h2> <p>Too tired after a long day at work to clean your house? You're not alone. It's why so many people hire professional house cleaning services. These services aren't cheap. Angie's List in 2014 reported that its members paid an average of $100 to $150 every two weeks for a professional house cleaning. In 2015, Payscale.com cited one example of this cash-saving benefit: Tech company Evernote provides its employees with <a href="http://www.payscale.com/career-news/2015/08/incredible-company-perks-top-5-swag-and-service-based-perks">free house-cleaning services</a> two times a month.</p> <h2>7. Free Netflix</h2> <p>Love streaming movies at home? Then maybe you can find an employer that offers free <a href="http://www.wisebread.com/8-alternatives-to-cable-tv-that-will-keep-you-entertained">subscriptions to Netflix</a>. That 2014 Forbes story on unique company benefits said that some employers <a href="http://www.forbes.com/sites/kateharrison/2014/02/19/the-most-popular-employee-perks-of-2014/">offer free subscriptions to Netflix</a> and other streaming services &mdash; in addition to free magazine and newspaper subscriptions. Netflix is now charging new members $8.99 a month. These means that if your employer gives you free access to the streaming service, you'll instantly nab $107.88 a year in extra spending money.</p> <p><em>Does your employer offer any cash-y benefits?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/great-ways-to-generate-passive-income">Great Ways to Generate Passive Income</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-your-hobby-pay-its-way">Make Your Hobby Pay Its Way</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-great-jobs-for-college-students">10 Great Jobs for College Students</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/16-festive-ways-to-make-extra-money-for-the-holidays">16 Festive Ways to Make Extra Money for the Holidays</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Extra Income employer benefits extra money health benefits insurance job perks Wed, 21 Oct 2015 17:18:53 +0000 Dan Rafter 1593840 at http://www.wisebread.com Pay Down Debt and Get Cash Back With These 6 Services http://www.wisebread.com/pay-down-debt-and-get-cash-back-with-these-6-services <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/pay-down-debt-and-get-cash-back-with-these-6-services" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_smartphone_apps_000047556166.jpg" alt="Woman using apps to get cash back for paying back debt" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Let's face it &mdash; being in debt sucks. Quite literally, it sucks up your money, and if it makes finances a struggle for you, then it can suck up your energy and your happiness, too. And it's great to talk about paying debt off early, but what if you don't have any extra money?</p> <p>Fortunately, there are a lot of new services geared toward helping you <a href="http://www.wisebread.com/30-cash-back-sites-to-earn-you-thousands-per-year?ref=internal">get cash back on debt re-payment and purchases you're making anyway</a>. Some of these offerings put the funds straight toward your debt, but others will simply help you get the cash back (so it will be up to you to put it towards your debt). Consider these six options.</p> <p>See also: <a href="http://www.wisebread.com/cool-convenient-cash-11-easy-ways-to-make-money-online?ref=seealso">Effortless Ways to Make Money Online</a></p> <h2>1. Ebates and FatWallet</h2> <p><a href="http://www.ebates.com/rf.do?referrerid=vIhagUaAxdMIsu435wELZg%3D%3D&amp;eeid=26471">Ebates</a> and <a href="http://www.fatwallet.com/?referral=kaaff">FatWallet</a> are two of the best and most popular cash back sites. Just register on the website, find the store where you'd like to make an online purchase, follow the directions, and get a certain percent of your purchase back. Sure, it takes anywhere from a few days to a few weeks for the money to post to your account, but when you get it back, it's all yours.</p> <p>Neither of these sites will funnel the cash back directly to your debt payoff, but you can do that easily for yourself. Just note how much you should get back, and when it posts to your Ebates or FatWallet account, transfer it as directly as possible to your debt. Easy peasy.</p> <h2>2. Upromise</h2> <p>Register your credit and debit cards with <a href="http://www.tkqlhce.com/click-2822544-12309751-1441981340000?sid=apps&amp;cm_mmc=CJ-_-2276508-_-2822544-_-Upromise%20Shopping%20Deals">Upromise</a>, as well as your store loyalty cards. Or, you can use their portal to book travel and buy online, and even get a MasterCard that earns cash back every time you use it. The catch? All of your cash back goes directly into a 529 account, which can be used to pay for college, or towards paying off your current student loans.</p> <p>It's not useful for all types of debt, but if massive student loan payments are causing stress, this can help alleviate at least some of the burden. Also, it's nice to have your earnings go straight to your loan, without you having to touch or direct them.</p> <h2>3. Some Credit Cards</h2> <p><a href="http://www.wisebread.com/5-best-cash-back-credit-cards?ref=internal">Cash back credit cards</a> are popular right now, for good reason. If you are responsible and pay them off every month, you can make some significant money and put that towards your debt. Just choose a card that fits your needs, use it wisely, and send the cash you get back towards your debt.</p> <p>See also: <a href="http://www.wisebread.com/citi-double-cash-rewards-card-pays-you-to-pay-off-your-debt?ref=seealso">Citi Double Cash Card Pays You to Pay Off Your Debt</a></p> <p>Some people will caution you against using any sort of credit card &mdash; even the best cash back card out there &mdash; to pay off debt, because so many people end up in trouble due to credit card overspending. However, I include them here because I know that even fiscally responsible people sometimes end up with debt. Maybe you have school loans or are in debt for medical care, but you still pay off your cards every month. If this is you, why not use your good credit to your advantage and pay off your debt as soon as you can?</p> <h2>4. iBotta</h2> <p><a href="https://ibotta.com/r/jcsgjbv">iBotta</a> is an app that offers cash back for shopping at certain retailers, online and in-store. If you want to shop online, see if your store works with iBotta. Spend a certain amount or buy certain products, and you will get money back. If you are shopping in a store, check if iBotta is offering cash back on any of the products you're planning to buy. Since you're going to get it anyway, you might as well earn money that you can then put towards your debt.</p> <p>Make sure you don't start buying things you don't like and won't use just for the iBotta cash back. This can cause you to spend more money, because you'll have to get the products you want, too! The cash back isn't enough to justify a purchase unless you'll use the product.</p> <h2>5. SavingStar</h2> <p>This app is similar to iBotta, except that <a href="http://savingstar.ojrq.net/c/27771/18896/758">SavingStar</a> mostly focuses on groceries, while iBotta includes all sorts of products. Even if you don't do much shopping outside of the grocery store, SavingStar can help you earn cash back that you can put towards your debt payoff. They also have some cash back deals for online retailers, too. While their deals may not be as good as those on some other sites, they offer money back and can allow you to consolidate your cash back deals in one place.</p> <p>Sometimes, you can get two cash back deals on the same product. If both SavingStar and iBotta offer deals on an item, for instance, in some cases you can get cash back from both services. Use these deals to jump start your debt payoff.</p> <h2>6. You Don't Need an App, Just Pay Down Your Debt Early</h2> <p>You don't need to have an app or be part of a special service to pay down your debt quickly. There are a million ways to earn a little extra money. <a href="http://www.wisebread.com/resources/paid-surveys?ref=internal">Fill out surveys online</a>. Freelance a bit. Get a few hours at a second job. Or, change your spending habits so you have a few more pennies every month. Then put these towards your debt.</p> <p>See also: <a href="http://www.wisebread.com/100-ways-to-make-more-money-this-year?ref=seealso">100+ Ways to Make More Money This Year</a></p> <p>If you are paying interest on your debt, even a small amount extra each month can make a big difference in interest savings. For example, if you have $1,000 of credit card debt with 15% interest, making $20/mo in payments, it'll take you almost 10 years and you'll have paid over $850 in interest. Raise that monthly payment to just $50, and it'll only take you 2 years to pay if off, with just under $158 in interest. Paying $30 extra each month saves you almost $700!</p> <p>If the apps and services help you pay off your debt, then use them. If you have other ways to bring in extra money, use those instead (or in addition to the apps!). The important piece is that you pay off your debt as soon as you can.</p> <p><em>Do you use apps or services to get cash back for paying off debt? Which one is your favorite?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/pay-down-debt-and-get-cash-back-with-these-6-services">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/30-cash-back-sites-to-earn-you-thousands-per-year">30+ Cash Back Sites to Earn You Thousands Per Year</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/knowing-your-triggers-can-prevent-stupid-spending">Knowing Your Triggers Can Prevent Emotional Spending</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-lies-rich-people-never-tell-themselves">10 Lies Rich People Never Tell Themselves</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-guaranteed-way-to-avoid-impulse-credit-card-purchases">A Guaranteed Way To Avoid Impulse Credit Card Purchases</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/jettison-the-junk-why-clutter-clouds-your-mind-and-saps-your-energy">Jettison the Junk: Why Clutter Clouds Your Mind and Saps Your Energy</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management apps cash back extra money shopping Fri, 02 Oct 2015 13:00:53 +0000 Sarah Winfrey 1571398 at http://www.wisebread.com 16 Festive Ways to Make Extra Money for the Holidays http://www.wisebread.com/16-festive-ways-to-make-extra-money-for-the-holidays <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/16-festive-ways-to-make-extra-money-for-the-holidays" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/christmas-gift-wrapping-515521261-small.jpg" alt="christmas gift wrapping" title="christmas gift wrapping" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's that time of year again &mdash; time to start hemorrhaging money in the name of tradition and capitalism and Santa Claus. But what if you took a different approach this holiday season and made some extra cash before you spent it? It's feasible, and you can even be festive while you're at it. (See also: <a href="http://www.wisebread.com/25-tips-for-smart-and-safe-credit-card-use-during-the-holidays?ref=seealso">25 Tips for Smart and Safe Holiday Shopping Online</a>)</p> <p>Take a look at these jolly ways to earn a few bucks to avoid ending up broke at the end of the year.</p> <h2>1. Offer Gift-Wrapping or Gift-Hiding Services</h2> <p>Fancy yourself a Martha Stewart-style gift wrapper with a penchant for sharp edges and expert ribbons and bows? Consider offering your gift-wrapping services to the people in your community who lack the discipline (or time and energy) to do it themselves.</p> <p>Promote your services on sites like Craigslist and online message boards in your area, make an announcement on local apps like <a href="http://www.nextdoor.com">Nextdoor</a> (an awesome resource for lots of things in your specific neighborhood, by the way), and place flyers in your neighbors' mailboxes to drum up business.</p> <p>Also, if you have the extra room, you might want to consider renting gift-storage space in your home for parents who want to keep gifts well hidden from their miniature snoops. Charging as little as $5 a week could add up nicely if you get a few folks on board.</p> <h2>2. Bartend or Serve at a Holiday Party</h2> <p>If you have bartending skills and extra time on your hands this holiday season, put your mixology knowledge to use by slingin' drinks at local shindigs.</p> <p>Bartending services are at a premium this time of year because everyone is stretched so thin, so you can probably negotiate a more than fair deal from both individuals hosting private parties and businesses with bigger budgets. When negotiating, keep in mind that you likely won't receive tips from guests but rather the hosts at the end of the night &mdash; but even that's not guaranteed &mdash; so that should definitely factor into your hourly or per-gig fee.</p> <h2>3. Sell Homemade Holiday Crafts and Decorations</h2> <p>Set up shop at local craft fairs, bazaars and holiday markets if you've got items of interest &mdash; like holiday décor items and ornaments &mdash; that are marketable this time of year. You can find these events at your area schools, churches, and other community venues. Another option is to list your handmade goods in an Etsy shop where you can move product without leaving the comfort of your home.</p> <h2>4. Provide Holiday Party Entertainment</h2> <p>What's a holiday party without some festive entertainment? Notwithstanding the guests who have had too much eggnog of course, many hosts (especially for business parties) will want some type of music at their event, whether it be a soloist playing background music, a live group performance as a main event, or a DJ spinning tracks to fill the dance floor. If you have any of these skills, put out your feelers to see where you fit in.</p> <h2>5. Use Your Lifestyle Expertise to Become a Personal Shopper</h2> <p>As somebody who truly enjoys shopping &mdash; in person and online &mdash; I think this is one of the best jobs around. And you might be surprised at how many people are potentially interested in this service.</p> <p>There are lots of folks who are clueless when it comes to gift buying, and they'd rather put their burden in the hands of someone more capable so the holiday season doesn't crash and burn before their eyes when it's time to exchange presents. You can be their saving grace by charging a nominal fee to pick out the perfect gifts for their family and friends. You'll have to know this person fairly well &mdash; so you can already have a good foundation of what kind of gifts they need and because you'll be handling their cash or credit card &mdash; which is why it's not a bad idea to promote your services at your workplace, church, and other groups of which you're a part.</p> <h2>6. Fulfill Holiday Cards for Individuals or Businesses</h2> <p>I don't send out holiday cards anymore &mdash; I don't want to waste all that paper, time, or money &mdash; but before I put the kibosh on it, I would spend hours upon hours writing, folding, addressing, licking, and stamping cards and envelopes, and I always wished someone else was doing for me. I doubt that I'm alone, which is why you can be a hired gun for this purpose at holiday season for those who don't mind paying a reasonable fee to expedite this tedious process.</p> <p>Craigslist is a good place to start, but I also recommend using the Nextdoor app, mentioning it on social media, and reaching out to friends, family, and neighbors via email.</p> <h2>7. Use Your Handy Skills to Decorate Houses</h2> <p>If you're more of an outdoorsy type of person, there is absolutely a market for people who can effectively put up holiday decorations that homeowners don't have time for or who are frightened by the prospect of attaching strands of lights and other thingamajigs to their roofs and eaves. There are commercial companies who provide this service at a premium, but a savvier freelance entrepreneur can undercut the competition by using online outlets like <a href="https://www.upwork.com/">Upwork</a> to post their skills and find jobs. I also would recommend documenting your work to start a portfolio that can enhance and grow your small business in the future.</p> <h2>8. Set Up a Cookies and Hot Chocolate Stand</h2> <p>Kids set up lemonade and Kool-Aid stands and sell snacks on their sidewalks during the summer, so it only makes sense to apply that same concept to the cooler weather by offering hot chocolate, coffee, and cookies to keep passersby warm and comfortable. Plus, children love to buy presents for people with their own money, and this is a great way to pad their pockets (and teach the value of a good work ethic while you're at it) so they can enjoy the holidays a bit more.</p> <h2>9. Bake for People Who Are Too Busy to Spend Time in the Kitchen</h2> <p>I enjoy baking, and I often share my pastries, cakes, cookies, and other goodies with my friends and neighbors. Some of them have even hired me to bake goods for them when they're hosting a gathering or just for indulging in themselves. You also can take samples to local restaurants and ask if they would be interested in carrying your items on a limited basis. You never know what could happen if you don't ask.</p> <h2>10. Rake Leaves or Shovel Snow for Neighbors</h2> <p>My mom and dad used to make me pound the pavement in my neighborhood when I was a kid to ask the neighbors if they needed a low-cost snow removal service by way of undocumented child labor. And it was torture!</p> <p>While I wasn't a fan of it back then, in hindsight I appreciate that the experience taught me early on to use my resources to earn extra cash while appreciating the value of a dollar. I'm not opposed to doing it these days, but I will admit that it might be a bit unsettling for many people if a grown person showed up on their doorstep asking to remove snow or rake leaves for money. Fair enough. But that's why I would generally recommend that your children get in on this act (through suggestion, not force) with proper supervision. It's not the most fun they'll ever have, but they'll be pretty stoked about the money they've made.</p> <h2>11. Clean Up Before or After Holiday Parties</h2> <p>Who wants to clean up the massive mess that party guests have left all over the house after a successful holiday party? No one &mdash; but as they say, it's a dirty job and somebody's gotta do it. That somebody can be you if you don't mind washing, scrubbing, and sanitizing the after-effects of a rousing get-together. You can promote your services locally (the usual suspects that I've mentioned previously &mdash; Craigslist, Nextdoor, etc.), but you also can try apps like <a href="http://www.handy.com/">Handy</a> which helps connect house cleaners and handy people to clients.</p> <h2>12. Interview to Be a Mall Santa or Elf</h2> <p>While we continue to shift away from shopping malls culturally (<a href="http://www.buzzfeed.com/mjs538/completely-surreal-pictures-of-americas-abandoned-malls">which sort of look like the apocalypse has already begun, by the way</a>), there are still plenty of them out there thriving &mdash; and they all need Santa and his helpers around the holidays. You can apply to be the Man in the Red Suit or one of his pointed-eared minions directly within the shopping center or by locating a national staffing service that specializes in this particular area.</p> <h2>13. Entertain the Public With Outdoor Performances</h2> <p>I live in New York City where there's no shortage of street performers with their hats on the ground, playing for pennies. You can get in on the act to by taking your show on the road, setting up in a well-trafficked area, and watching the dough roll in one dime at a time.</p> <h2>14. Try Planning Small-Scale Holiday Parties</h2> <p>Have a knack for planning and hosting events? Use those skills to help novice party planners share the responsibility and stress. You'll definitely want to start small &mdash; you don't want to bite off more than you can chew and potentially ruin someone's holiday festivities &mdash; so it's best to query folks in your social circle to see how you can help the event go off without a hitch.</p> <h2>15. Cater Small Holiday Gatherings</h2> <p>When I first started hosting my annual holiday parties, I made all the food by myself, which took hours and hours. By the time the party started, I was so exhausted that I couldn't properly enjoy the fruits of my labor. When I finally had enough of slaving in the kitchen after a few years of hosting, I decided to look into have the party catered. The problem, however, is that the catering was beyond my budget, which left me with few other options.</p> <p>If you enjoy cooking (and the results consistently yummy), you can potentially serve an underserved market if you can locate those people like me who don't want to cook everything myself but who also can't afford hundreds of dollars worth of catered food and staff. I think the best way to find that middle ground is to offer crowd-friendly food at a fair price that you'll deliver to the party without the extra expense of the servers, and then be on your way.</p> <h2>16. Pick Up Seasonable Retail Employment</h2> <p>Want part-time work that you don't have to look hard to find? Head to your favorite local retail store and ask it they're hiring for the holidays. If they are, fill out an application to throw your name into the hat. You'll likely make minimum wage, so that's something that you'll want to consider, but something is better than nothing &mdash; especially if your budget is already in a bind. Also, don't forget about the potential employee discount for which you'll qualify that can save you a bundle on gifts; that aspect should definitely be a factor in where you apply.</p> <p><em>Are you planning to pick up some extra cash this holiday season with a festive side hustle? Let us know in comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/16-festive-ways-to-make-extra-money-for-the-holidays">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-must-know-about-money-before-you-take-a-side-job">10 Money Moves You Need to Make Before You Take a Side Job</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-bodily-fluids-you-can-exchange-for-cash">5 Bodily Fluids You Can Exchange for Cash</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/great-ways-to-generate-passive-income">Great Ways to Generate Passive Income</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-earn-extra-income-as-a-courthouse-researcher">How to Earn Extra Income as a Courthouse Researcher</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income extra money holiday hustle seasonal jobs side hustle side job Fri, 24 Oct 2014 09:00:04 +0000 Mikey Rox 1242062 at http://www.wisebread.com Best Money Tips: Ideas to Make Money on the Weekend http://www.wisebread.com/best-money-tips-ideas-to-make-money-on-the-weekend <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-ideas-to-make-money-on-the-weekend" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/piggy-bank-87829134.jpg" alt="piggy bank" title="piggy bank" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on ideas to make money on the weekend, tactics to avoid wasting food, and money-saving tax tips for parents.</p> <h2>Top 5 Articles</h2> <p><a href="http://andthenwesaved.com/make-money-weekend-ideas/">37 Easy Ideas To Make Money On The Weekend</a> &mdash; To make money on the weekend, tutor students and recycle. [And Then We Saved]</p> <p><a href="http://www.thesimpledollar.com/seven-tactics-to-avoid-wasting-food/">Seven Tactics to Avoid Wasting Food</a> &mdash; Avoid wasting food by using a grocery list and meal plan. [The Simple Dollar]</p> <p><a href="http://www.savvysugar.com/Tax-Tips-Parents-2014-34156771">8 Money-Saving Tax Tips for Parents</a> &mdash; If you are a parent, take advantage of the child tax credit and higher education credits during tax season. [PopSugar Smart Living]</p> <p><a href="http://livingonthecheap.com/4-ways-deal-old-electronics/">Turning Your Hobby into a Job</a> &mdash; When turning your hobby into a job, be aware of the cost of your materials and find items that sell well. [TheDollarStretcher.com]</p> <p><a href="http://www.moneybluebook.com/lending-money-loved-ones.html/">Lending money to loved ones: a realist's guide</a> &mdash; Use your head as well as your heart when you lend money to loved ones. [Money Blue Book]</p> <h2>Other Essential Reading<a href="http://cashmoneylife.com/automatic-investment-plan-advantages/"><br /> </a></h2> <p><a href="http://livingonthecheap.com/4-ways-deal-old-electronics/">4 ways to deal with old electronics</a> &mdash; Deal with old electronics by giving it to charity. [Living on the Cheap]</p> <p><a href="http://www.freemoneyfinance.com/2014/02/how-long-should-i-keep-financial-and-tax-records.html">How Long Should I Keep Financial and Tax Records?</a> &mdash; You should hold onto a paper copy or receipt of any tax-relevant financial exchange. [Free Money Finance]</p> <p><a href="http://retireby40.org/spot-work-home-scams/">How to Spot Work From Home Scams</a> &mdash; If you get an unsolicited email to work from home, chances are it's a scam. [Retire by 40]</p> <p><a href="http://cashmoneylife.com/automatic-investment-plan-advantages/">5 Advantages to Using Automatic Investment Plans</a> &mdash; Using an automatic investment plan helps you save on commissions and fees. [Cash Money Life]</p> <p><a href="http://parentingsquad.com/14-manners-that-are-nice-to-see-in-kids">14 Manners That Are Nice to See in Kids</a> &mdash; It is nice to see kids who don't interrupt and that eat quietly. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-ideas-to-make-money-on-the-weekend">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-must-know-about-money-before-you-take-a-side-job">10 Money Moves You Need to Make Before You Take a Side Job</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-money-recycling">Make Money Recycling: Get Paid to Recycle by 15 Websites</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets">7 Employer Benefits That Can Leave More Spending Money in Your Pockets</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/16-festive-ways-to-make-extra-money-for-the-holidays">16 Festive Ways to Make Extra Money for the Holidays</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income best money tips extra money money weekend Tue, 04 Mar 2014 11:00:27 +0000 Ashley Jacobs 1129115 at http://www.wisebread.com Best Money Tips: Earn Extra Money for the Holidays http://www.wisebread.com/best-money-tips-earn-extra-money-for-the-holidays <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-earn-extra-money-for-the-holidays" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/gifts-80617049.jpg" alt="holiday gifts" title="holiday gifts" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread&#39;s <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on earning extra money for the holidays, tips from the worlds most popular realtors, and taking the stress out of Christmas shopping.</p> <h2>Top 5 Articles</h2> <p><a href="http://moneysmartlife.com/earn-extra-money-for-the-holidays-10-ways-to-boost-your-gift-budget/">Earn Extra Money for the Holidays - 10 Ways to Boost Your Gift Budget</a> &mdash; To increase your gift budget, do some odd jobs or start blog writing online. [Money Smart Life]</p> <p><a href="http://homebuyernation.com/2013/11/18/tips-for-first-time-home-buyers/">32 Home Buying Tips from Some of the World&#39;s Most Popular Realtors</a> &mdash; When buying a home, think big picture and find a realtor you trust. [HomeBuyer Nation]</p> <p><a href="http://cashmoneylife.com/take-the-stress-out-of-christmas-shopping/">Take the Stress Out of Christmas Shopping</a> &mdash; Shopping when everyone else isn&#39;t can help take the stress out of Christmas shopping. [Cash Money Life]</p> <p><a href="http://parentingsquad.com/5-ways-families-can-save-money-in-december">5 Ways Families Can Save Moeny in December</a> &mdash; Families can save money in December by stocking their freezers and taking advantage of Free Shipping Day. [Parenting Squad]</p> <p><a href="http://www.carefulcents.com/use-your-smartphone-to-save-money/">How to Best Use Your Smartphone to Save Money While Traveling</a> &mdash; Your smartphone can help you find the shortest route to your destination, helping you to save money when you travel! [Careful Cents]</p> <h2>Other Essential Reading</h2> <p><a href="http://andthenwesaved.com/healthy-foods-that-last/">19 Healthy Foods That Last a Really Long Time</a> &mdash; Did you know that pasta can store for 8 months without spoiling? [And Then We Saved]</p> <p><a href="http://www.stretcher.com/stories/13/13dec02b.cfm">Avoiding Dry Cleaning Bills</a> &mdash; Avoid dry cleaning bills by making sure not to purchase clothes with the label &quot;dry clean only.&quot; [TheDollarStretcher.com]</p> <p><a href="http://onecentatatime.com/retirement-21st-century/">Retirement in 21st Century</a> &mdash; The ability to work from home doing Internet jobs will make working in old age a lot easier. [One Cent at a Time]</p> <p><a href="http://www.savvysugar.com/Car-Emergency-Kit-32632702">Be Prepared With This Dollar-Store Car Emergency Kit</a> &mdash; Head to the Dollar Store to get a flashlight and gloves for your car emergency kit. [PopSugar Smart Living]</p> <p><a href="http://www.narrowbridge.net/is-cell-phone-insurance-worth-the-cost/">Is Cell Phone Insurance Worth the Cost?</a> &mdash; The verdict is in: cell phone insurance most likely isn&#39;t worth&nbsp;it! [NarrowBridge Finance]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-earn-extra-money-for-the-holidays">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets">7 Employer Benefits That Can Leave More Spending Money in Your Pockets</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/carving-pumpkins-and-14-other-cool-ways-to-make-cash-from-fall-holidays">Carving Pumpkins and 14 Other Cool Ways to Make Cash From Fall Holidays</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/great-ways-to-generate-passive-income">Great Ways to Generate Passive Income</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/16-festive-ways-to-make-extra-money-for-the-holidays">16 Festive Ways to Make Extra Money for the Holidays</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income best money tips extra money Holidays Tue, 03 Dec 2013 10:48:05 +0000 Ashley Jacobs 1098940 at http://www.wisebread.com Best Money Tips: Smart Ways to Spend $1,000 http://www.wisebread.com/best-money-tips-smart-ways-to-spend-1000 <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-smart-ways-to-spend-1000" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3678223287_cdde230329_z.jpg" alt="Smart Ways to Spend $1,000" title="Smart Ways to Spend $1,000" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on smart ways to spend $1,000, grow your career while giving back, and useful things you can always find at Goodwill.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.kiplinger.com/slideshow/credit/T065-S001-30-smart-ways-to-spend-1-000/index.html">30 Smart Ways to Spend $1,000</a> &mdash; If you have an extra $1000, consider opening a Roth IRA. [Kiplinger]</p> <p><a href="http://www.freemoneyfinance.com/2013/01/grow-your-career-while-giving-back.html">Grow Your Career While Giving Back</a> &mdash; Volunteering is a great way to grow your career because it enables you to network. [Free Money Finance]</p> <p><a href="http://www.savvysugar.com/Things-You-Can-Buy-Goodwill-26890318">10 Useful Things You Can Always Find At Goodwill</a> &mdash; You can always find books and dishes at Goodwill. [SavvySugar]</p> <p><a href="http://money.msn.com/frugal-living/post.aspx?post=89e2d9fb-0f8a-45ab-850d-b680c1eef3a5&amp;ref=bfv">Save Thousands by Ditching the Car</a> &mdash; Peer-to-peer car sharing is a good way to ditch your car and save some money. [MSN Money]</p> <p><a href="http://www.mint.com/blog/consumer-iq/4-of-the-biggest-entertainment-budget-busters-0113/">4 of the Biggest Entertainment Budget Busters</a> &mdash; One of the biggest entertainment budget busters you will encounter is fine dining. [MintLife Blog]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.bargaineering.com/articles/wages-keeping-pace-inflation.html">Are Your Wages Keeping Pace With Inflation?</a> &mdash; Consider extra sources of income to make sure your income is keeping place with inflation. [Bargaineering]</p> <p><a href="http://www.businessinsider.com/money-lies-that-could-wreck-your-marriage-2013-5?op=1">10 Money Lies That Could Wreck Your Marriage</a> &mdash; Lying about any ongoing debt that you have yet to pay off can be detrimental to your finances and your marriage. [Business Insider]</p> <p><a href="http://www.creditsesame.com/blog/are-529-employer-matches-the-new-company-perk/">Are 529 Employer Matches the New Company Perk?</a> &mdash; In spite of some companies offering a 529 employer match, chances are this won't be a trend among company perks. [Credit Sesame]</p> <p><a href="http://www.moneytalksnews.com/2013/01/15/15-tips-to-fight-the-flu/">15 Tips to Fight the Flu</a> &mdash; To fight the flu, avoid touching your face and carry hand sanitizer with you. [Money Talks News]</p> <p><a href="http://parentingsquad.com/take-part-in-change-my-first-activism">Be a Changemaker in Your Community</a> &mdash; If you want to be a changemaker in your community, find what inspires you! [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-smart-ways-to-spend-1000">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-problems-you-cant-solve-with-money">9 Problems You Can&#039;t Solve With Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-sneaky-ways-you-cheat-on-your-budget">6 Sneaky Ways You Cheat on Your Budget</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-things-your-boomer-parents-could-afford-that-you-cant">8 Things Your Boomer Parents Could Afford That You Can&#039;t</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/73-easy-ways-to-save-money-today">73 Easy Ways to Save Money Today</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips extra money spending Mon, 21 Jan 2013 11:00:33 +0000 Ashley Jacobs 967355 at http://www.wisebread.com Best Money Tips: Ways to Make Extra Money http://www.wisebread.com/best-money-tips-ways-to-make-extra-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-ways-to-make-extra-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4527391719_14074d9096_z-1.jpg" alt="Ways to Make Extra Money" title="Ways to Make Extra Money" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on ways to make extra money, things you don't need to spend money on, and using social media to advance your career.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.mydollarplan.com/14-ways-to-make-extra-money/">14 Ways to Make Extra Money</a> &mdash; Want to make extra money? Market your photos online! [My Dollar Plan]</p> <p><a href="http://www.freemoneyfinance.com/2012/09/6-things-you-dont-need-to-spend-money-on-.html">6 Things You Don't Need to Spend Money On</a> &mdash; Don't spend money on extended warranties. [Free Money Finance]</p> <p><a href="http://moneysmartlife.com/ways-to-use-social-media-to-advance-your-career/">4 Ways to Use Social Media to Advance Your Career</a> &mdash; Use social media to advance your career by using keywords in your social media statuses. [Money Smart Life]</p> <p><a href="http://financialhighway.com/steps-to-buying-a-house/">Steps to Buying a House</a> &mdash; When buying a house, start by evaluating your credit. [Financial Highway]</p> <p><a href="http://moneyning.com/money-tips/3-ways-to-save-when-you-buy-apple-products/">3 Ways to Save When You Buy Apple Products</a> &mdash; To save money on Apple products, buy them refurbished. [MoneyNing]</p> <h2>Other Essential Reading</h2> <p><a href="http://christianpf.com/legal-places-to-get-low-cost-music-downloads/">3 Legal Places to Get Low Cost Music Downloads</a> &mdash; Are you a fan of music but don't want to pay a lot for downloads? Check out Amazon.com. [Christian Personal Finance]</p> <p><a href="http://www.mainstreet.com/article/real-estate/improvements/10-diy-projects-empty-nesters">10 DIY Projects for Empty Nesters</a> &mdash; Empty nesters can take on the DIY project of creating a memory wall after their child leaves for college. [MainStreet]</p> <p><a href="https://www.auctionopia.com/blog/59/4-essential-bidding-strategies">4 Essential Bidding Strategies</a> &mdash; When using online bidding sites, make sure you are always there for the endgame. [Auctionopia]</p> <p><a href="http://www.savvysugar.com/Fall-Career-Resolutions-20147431">6 Smart Moves Career Girls Should Make This Fall</a> &mdash; This fall, start preparing for your review at work. [SavvySugar]</p> <p><a href="http://parentingsquad.com/reasons-your-child-shouldn-t-skip-breakfast">Reasons Your Child Shouldn't Skip Breakfast</a> &mdash; If your child skips breakfast, he or she could end up with headaches and stomachaches. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-ways-to-make-extra-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-great-side-jobs-for-extroverts">10 Great Side Jobs for Extroverts</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-online-that-arent-scams">13 Ways to Make Money Online That Aren&#039;t Scams</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-employer-benefits-that-can-leave-more-spending-money-in-your-pockets">7 Employer Benefits That Can Leave More Spending Money in Your Pockets</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-legit-ways-for-stay-at-home-moms-and-dads-to-earn-some-extra-cash">12 Legit Ways for Stay-at-Home Moms and Dads to Earn Some Extra Cash</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income best money tips extra income extra money Wed, 26 Sep 2012 10:00:41 +0000 Ashley Jacobs 954725 at http://www.wisebread.com Great Ways to Generate Passive Income http://www.wisebread.com/great-ways-to-generate-passive-income <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/great-ways-to-generate-passive-income" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3412060489_9a61077f6b_z.jpg" alt="woman holding cash" title="woman holding cash" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Earning income passively is a dream for most people, since it essentially means you make money without putting in a significant time investment.&nbsp;Most sources of passive income will require time and some money to get started, but if successful, these opportunities can generate income for you long-term and without your direct involvement. (See also: <a href="http://www.wisebread.com/4-reasons-why-everyone-needs-side-income">4 Reasons Why Everyone Needs Side Income</a>)</p> <p>Here are some great ways to generate passive income.</p> <h2>Create a Product</h2> <p>You can earn passive income by creating a digital product, whether it is an e-book, audio file, video, or some type of presentation, and then sell it over and over again automatically. Once the initial creation of your product is complete, the sales of the product become passive if you set up an automated system to deliver prospects to your sales page, collect payment, and send out their purchased product.</p> <p>Other opportunities for passive income by creating a product might include writing a physical book and getting it published &mdash; ongoing sales of your book are earned passively. Some people become television writers, and when their series is picked up for reruns, royalties earned are considered passive income.</p> <h2>Sell Advertising</h2> <p>As a website owner or publisher of a popular e-zine, magazine, blog, or newsletter, you can sell advertising space. While you will have to do the initial legwork to create a successful website with a large following, once established, advertising revenue is a passive income opportunity where other business owners will pay you to include an advertisement on your website or in your newsletter.</p> <h2>Own a Business</h2> <p>When people think of <a href="http://www.wisebread.com/small-business/passive-income-for-every-entrepreneur">passive income</a>, chances are they will immediately think about an online business of some type. The internet makes it possible to start and run a business with low start-up costs and low overhead expenses &mdash; which means more profit in your pocket. It also creates opportunities for automation, and anything you can automate provides a potential passive income stream.</p> <p>While it&rsquo;s often easier to break into the world of passive income online, passive income is not limited to the internet.&nbsp;Any business you own can generate passive income for you if it is established the right way. If you hire people to fulfill the day-to-day activities of your business, your business should generate a profit after all the expenses are paid.&nbsp;The profit you receive as the owner of the business is passive if you aren&rsquo;t directly involved in the daily operations.</p> <h2>Become a Landlord</h2> <p>People who own apartments or commercial space earn passive income through the rent payments they receive from their tenants.&nbsp;You receive the payment every month simply because you own the property; and you aren&rsquo;t exchanging a direct service or time for the rent payment.&nbsp;There are of course, responsibilities that come with being a <a href="http://www.wisebread.com/so-you-want-to-be-a-landlord-part-i">landlord</a> &mdash; but many people find the experience rewarding and a way to establish consistent income without directly trading their hours for dollars.</p> <p>If buying a property to rent out is out of your comfort zone, you can start on a smaller scale and rent out an extra room in your home, your garage, or even your driveway. <a href="http://www.parkatmyhouse.com">Park at&nbsp;My&nbsp;House</a> will tell you the &ldquo;value&rdquo; of your driveway and help connect you to people looking for a place to park near event venues or who just need a place to park their vehicle in your area.</p> <h2>Investing</h2> <p>A variety of social lending opportunities online allow you to earn a return by helping fund other people&rsquo;s loan requests in <a href="http://www.wisebread.com/peer-to-peer-lending-prosper-marketplace-or-lending-club">peer-to-peer lending</a>.&nbsp;Your total investment in the peer-to-peer lending site is generally divided up across multiple borrowers to help reduce your risks, but your money helps others gain the money they need, and you benefit by earning a return on the investment in the form of interest.&nbsp;Two of the more popular social lenders include <a href="http://www.wisebread.com/redir/prosper">Prosper</a> and <a href="http://www.wisebread.com/redir/lendingclub">Lending Club</a>.</p> <p>When saving your money in a bank, take some time to compare savings accounts to earn as much interest on your money as you can. If you meet minimum balance requirements, you can also earn interest on money saved in a checking account. Earning interest on your money is a passive way to increase your income, so you may as well take some time to discover your highest earning potential.</p> <p>You can also build an income investing portfolio to create passive income while growing long-term investments. You may include a variety of investments from dividend stocks to CDs, bonds, and annuities, with the goal of earning money quarterly, semi-annually, or annually without having to sell the investment.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/debbie-dragon">Debbie Dragon</a> of <a href="http://www.wisebread.com/great-ways-to-generate-passive-income">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/freelancing-a-beginner-s-guide-to-doing-it-right">Freelancing: A Beginner’s Guide to Doing It Right</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-ways-to-make-money-from-valentines-day">13 Ways to Make Money From Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/effective-ebay-listing-0">Effective eBay Listing</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-signs-its-time-to-make-your-side-gig-your-career">6 Signs It&#039;s Time to Make Your Side Gig Your Career</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/peer-to-peer-lending-prosper-marketplace-or-lending-club">Peer to Peer Lending: Prosper Marketplace or Lending Club?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Entrepreneurship Extra Income Investment extra money passive income start a business Fri, 04 May 2012 10:24:15 +0000 Debbie Dragon 924887 at http://www.wisebread.com 6 Things You Can Look Forward to When You Have Money http://www.wisebread.com/6-things-you-can-look-forward-to-when-you-have-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-things-you-can-look-forward-to-when-you-have-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/happy_couple2.jpg" alt="Happy couple" title="Happy couple" class="imagecache imagecache-250w" width="250" height="145" /></a> </div> </div> </div> <p>You work hard to make money, create multiple income streams, and live below your means, which allows you to diligently save every month. At a certain point, you will accumulate enough money to be financially free. But then what? What really happens when you finally reach a goal that you've worked years, perhaps even decades for? For those of you close to your goal, or on track enough to start thinking about this, here's what you can look forward to. (See also: <a href="http://www.wisebread.com/financial-freedom-and-using-passion-to-budget">Financial Freedom and Using Passion to Budget</a>)</p> <h3>1. You Can Ignore Individual Costs As Long As You Focus on the Big Picture</h3> <p>Finally, you can breathe a little easier, because even if you don't plan to start reducing your nest egg by withdrawing from it, you can at least start using some of your surplus every month.</p> <p>As a fellow frugal person, I know all too well the difficulty in picking the more luxurious option when you believe that the lowest cost version will do. A trick you can try is to start ignoring the price (yes, this is not a typo!) and actually buying the option that you want once in a while. Don't do this for everything, of course. In order to still be responsible, you should set a monthly limit on these &quot;lifestyle expenses&quot; and remember that as long as you don't go over the set budget every month, it's perfectly okay to live a little.</p> <h3>2. You Can Take Less Risk</h3> <p>Once you feel financially secure, it isn't a bad idea to be more conservative with your investments than most people recommend. Many high-net-worth individuals simply wouldn't put a huge amount of their wealth in the stock market even if they were decades away from retirement because they just don't need the extra performance.</p> <p>If you can live off the interest from a high-yield online savings account, why would you want to risk your capital and try to get 8% in the long term, but potentially suffer 50% losses? Sure, you can feel even more wealthy, but is the stress really necessary?</p> <h3>3. You Can Look Long-Term</h3> <p>The more money you have, the more you can take advantage of what's best for you long-term. Paying cash (or financing at an extremely low interest rate) can be financially more responsible than leasing a car for instance, but you need to have the cash on hand first. Investing in the stock market is theoretically more advantageous in the long-run, but you better have the luxury of not needing that money in the short-term. And quitting your job to further your education so you can make even more money in the future? That's simply an opportunity only people with the financial means can make, which is now you.</p> <h3>4. You Can Work Less</h3> <p>There is a sizable portion of our population who simply love what they do, but let's face it &mdash; the majority of us work simply because we need that paycheck. And even if we love our work, we can probably find enjoyment by working fewer hours every week. When you have the means, you can start planning your way to a much more enjoyable work environment.</p> <h3>5. You Can Be More Generous to Those Around You</h3> <p>When you are generous, you will truly start seeing your quality of life. You can start tipping more at restaurants, be more generous with gifts for your loved ones, and even help your relatives start a business. Even the most ungrateful person will appreciate your generosity to a degree, and if anything, they will be nicer to you too!</p> <h3>6. You Can Donate to Charity</h3> <p>And you can extend this generosity to people you don't directly interact with by giving some money away to <a href="http://www.wisebread.com/giving-to-charity-is-great-but-how-do-you-pick-one">charity</a> as well. When you donate, you feel great too. The power of giving is almost magical, but the best way to understand the feeling is to try it yourself.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-ning">David Ning</a> of <a href="http://www.wisebread.com/6-things-you-can-look-forward-to-when-you-have-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/do-not-buy-something-just-because-you-can-afford-it">Do not buy something just because you can afford it</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-freedom-and-using-passion-to-budget">Financial Freedom and Using Passion to Budget</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/wisdom-from-my-favorite-frugal-tv-character-julius-rock">Wisdom from My Favorite Frugal TV Character - Julius Rock</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-six-figures-really-that-much">Is Six Figures Really That Much?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Budgeting Lifestyle extra money financial freedom generosity Thu, 05 May 2011 10:25:13 +0000 David Ning 535416 at http://www.wisebread.com Non-financial investments http://www.wisebread.com/non-financial-investments <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/non-financial-investments" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/garden-gateway.jpg" alt="Gateway in formal gardens at Allerton Park" title="Garden Gateway" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>Talk about investments and most people think stocks, bonds, and mutual funds, plus maybe real estate and commodities like precious metals. Let's call those &quot;financial investments.&quot; You buy them with money and you hope that they will eventually return money in the form of interest, dividends, rent, or a profit when you sell it. Financial investments are great, and everybody should have a plan for building a portfolio of them, but there are also non-financial investments, and non-financial investments can often yield a higher return.</p> <p>I divide non-financial investments into two categories. One kind you buy with money, but get your return not in cash but by avoiding future expenses. The other kind may well pay your return in the form of money, but at least part of your investment is not.</p> <h2>Ones that you buy with money, but the return comes in avoiding future expenses</h2> <p>Whenever you're in a situation where you can pay money now that lets you avoid spending money later, it's possible to evaluate the expense as an investment. For example, you can buy a gift card or other sort of stored-value card, and then use it to get stuff at some future time. On the face of it, it's a terrible investment--you turn perfectly good money into crappy non-money that can only be spent at a limited range of places (and that can lose value in several different ways). On the other hand, if you can buy a $25 stored-value card for $20, your investment return may well outweigh those disadvantages.</p> <p>There are investments of this sort that are huge wins.</p> <h3>Energy savings</h3> <p>Money that's invested in things that avoid future energy costs, especially the less expensive such things like insulation, weatherstripping, compact fluorescents, or a bicycle that you commute to work on, will almost certainly provide a higher return (in the form of lower energy bills) than investing the same money in stocks and bonds.</p> <p>At the more expensive end of the range of such investments, such as new doors and windows, a car that gets better milage, a windmill or solar cells for home power generation, they probably don't provide a greater return than a diversified portfolio of financial investments. But they do add considerably to your diversification, and there are some scenarios in which those investments might beat the market (in particular, if the market does poorly, or if energy prices rise sharply).</p> <p>All of these can pay off in non-financial terms as well. A snugger, cozier house is worth something beyond the lower energy bills, as is the fitness that comes from bicycling to work.</p> <p>The key to this category of investment is that you're using (still relatively) cheap energy today to avoid the need to pay for more expensive energy in the future. I've written about this topic before in <a href="/fix-energy-in-tangible-form">Fix energy in tangible form</a>.</p> <p>This is an especially big win if energy prices are going to continue to increase, which I think is rather likely.</p> <h3>Stockpiling products that you use</h3> <p>You can invest in stuff that you're going to use anyway, by buying it ahead when it's available at a good price. The return comes in the form of using the cheap stuff you've got instead of going out and buying the stuff when it would be expensive.</p> <p>I've written before about the <a href="/huge-tax-free-investment-returns">Huge tax-free investment returns</a> this strategy offers. It only applies if you buy stuff that you'd buy anyway, but the investment return can easily beat anything you'll find in the stock market. This kind of investment is an especially big win during times of inflation.</p> <p>It's easy to fool yourself when you're thinking about spending money this way. There is really no end to the range of possibilities where you pay now to save money later, but in most cases, the savings is small (or even imaginary). Timeshare vacation homes, for example, were sold this way, but almost never provided a return as good as putting the money into a bank account and then using it to pay for your vacations. (Many didn't provide a return as good as putting the money down a rat hole, because they left you on the hook for unending future expenses. With a rat hole, at least you can stop putting money down it.)</p> <p>Is it an investment when you buy a tool that lets you do something yourself, rather than having to pay someone to do it for you? When you buy a new interview suit to improve your chance of getting a better job? When you buy a Bowflex so you don't need a fitness center membership? Maybe--but you need to evaluate it like any other investment. A new interview suit is not a liquid investment.</p> <h2>Ones where the return is money, but that you don't pay cash for</h2> <p>Working for wages or a salary isn't really investing (although proving yourself a competent, diligent worker can pay dividends in the form of a higher pay for future work). However, it's often possible to turn your work into something that pays an on-going return.</p> <h3>Investing only time</h3> <p>The purest form may be royalties on a copyright or a patent. You create a book or a song or a useful invention, after which people pay you to use it. This is so cool that it tempts people into spending huge amounts of effort with nothing but a vague hope for some future royalties.</p> <p>If you evaluate it as an investment, the return per hour spent writing or performing or inventing is pretty poor for most people. The problem is that you're competing with people who will do it for free. Even if many of them are lousy at it, there so many of them that a few will probably be better than you.</p> <p>The bottom line is that this sort of investment is hard to justify in economic terms, unless you have a track record of success. Still, if it's something that you enjoy so much that you'd be willing to do it for free, then by all means go ahead and do so--that's how you develop the sort of track record that lets you know that this may be a good investment for you.</p> <h3>Investing time and money</h3> <p>If you're able and willing to invest a little money along with your time, there are lots of ways to make outsized returns:</p> <ul> <li>Working at a family business (or starting your own)</li> <li>Being a landlord</li> <li>Buying run-down houses cheap and then fixing them up</li> <li>Going back to school for a degree that will let you earn a better income</li> <li>Selling your <a href="/make-your-hobby-pay-its-way">art or craft items</a> (or garden produce at a road-side stand)</li> </ul> <p>The &quot;outsized&quot; part of the return comes from your own labor. Don't expect to come out ahead if you buy a run-down house and then hire a contractor to fix it up for you.</p> <p>Like any investment, these all have risks. There are lots of people who bought run-down houses and fixed them up, only to find that a really nice house doesn't sell for as much now as a run-down house sold for a year ago. You can tie up your capital and invest your labor, and end up with a smaller return than a savings account, a negative return, a total loss, or even worse (if your business fails but still owes money on a lease, for example).</p> <p>Many people treat this sort of investment as an all-or-nothing choice. Starting a small business can easily take all your capital plus every working minute of every day to make it a success. But that's not the only way to do it. There are all manner of very small business that you can start with minimal effort and capital that can earn a good return. For some examples of that category, see Tim Ferriss's <a href="/book-review-the-4-hour-workweek">The 4-Hour Workweek</a>.</p> <p>Anything that you buy or make that either pays you a return or reduces future expenses is an investment and can be (and should be) evaluated as such. All the same considerations that apply to any investment--risk, return, liquidity, diversification, tax implications--should be taken into account when you make a non-financial investment.</p> <p>Don't discount such investments, though, just because they're non-financial. Especially those first few I mentioned, such as improving your insulation and stocking up on sales, will probably pay a much better return than you can expect in the financial markets.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/non-financial-investments">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/book-review-game-over">Book review: Game Over</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-smart-ways-to-turn-500-into-a-better-future">12 Smart Ways to Turn $500 Into a Better Future</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/self-made-billionaires-investment-lessons-from-their-success">Self-Made Billionaires: Investment Lessons From Their Success</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-investors-with-better-returns-than-warren-buffett">5 Investors With Better Returns Than Warren Buffett</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-trust-your-money-with-these-4-popular-financial-robo-advisers">Should You Trust Your Money With These 4 Popular Financial Robo-Advisers?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment energy extra money investing non-financial save energy stockpiling Fri, 29 Feb 2008 17:24:00 +0000 Philip Brewer 1865 at http://www.wisebread.com Make Your Hobby Pay Its Way http://www.wisebread.com/make-your-hobby-pay-its-way <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/make-your-hobby-pay-its-way" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/spinning-wheel-and-yarn.jpg" alt="Spinning wheel with yarn" title="Spinning Wheel with Yarn" class="imagecache imagecache-250w" width="227" height="399" /></a> </div> </div> </div> <p>Hobbies generally end up in the expense category. Depending on the hobby, you may be paying for equipment, supplies, books and magazines, classes, training--the list goes on. Short of turning your hobby into a business, is there any way to get your hobby to pay its own way? Very possibly.</p> <p>Most hobbies offer you a shot at any number of income streams. And, besides actual income streams, there are also ways to use your hobby to reduce expenses--which any economist will tell you is just as good. (Maybe better, because you have to pay taxes on any income.)</p> <h2>Sell your stuff</h2> <p>The most obvious income stream is to <strong>sell stuff you make</strong>. This really only works for hobbies where you make stuff, so it works better for potters and jewelry makers than for people whose hobby is mountain climbing or scuba diving.</p> <p>My wife spins and weaves. Each year the local spinners and weavers guild has a show and sale where members sell what they produce. Some members go beyond the single annual sale. Some set up booths at any number of arts and crafts sales. Some set up booths at the farmers market. Some sell things on consignment through local shops and galleries. Some run web-businesses to sell their creations.</p> <p>A single annual sale keeps you solidly on the &quot;hobby&quot; end of the continuum. The other options are all steps down the road to, essentially, running a small business. That's fine if you want to run a small business, but can take the fun out of a hobby.</p> <h2>Teach your hobby</h2> <p>The next obvious income stream is to <strong>teach the skills of your hobby</strong>. Some hobbies are very easy to pick up, and others have practitioners who are so excited by new adopters that they'll teach people how to do it for free. In either of those cases, it may be hard to make any money teaching. But, for many hobbies, there is plenty of opportunity to make a few dollars teaching classes or workshops.</p> <p>Some hobbies, such as scuba diving and parachuting, are dangerous enough that there are certification processes to make sure that instructors meet certain minimum levels, but in most hobbies anyone can teach.</p> <p>There are a hundred ways to get paid to teach. Around here it's possible to teach classes under the auspices of the local community college, the YMCA, the park district, and the public schools continuing education programs. Other places to consider are senior centers, youth centers, community centers, and public libraries. If your hobby has a local club, it may very well organize classes for members. Local businesses that cater to your hobby may offer classes as well.</p> <p>To be successful, a class requires students, which probably means getting the word out to potential students. Fliers at libraries and related businesses are a good idea, as is networking with local hobbyists. Develop relationships with others who teach related classes.</p> <p>If you've not taught before, it can be quite a bit of work to design a class, and then it often takes some experience teaching before you develop teaching skills to match your hobby skills. Knowing how to do something is not the same as knowing how to teach it.</p> <p>Besides teaching a class, it may also be possible to tutor someone one-on-one.</p> <p>Because of the work involved in developing, marketing and teaching a class, it too can turn into a small business, if you let it.</p> <h2>Sell a training DVD</h2> <p>A related option is to <strong>create a training DVD</strong>. The big attraction of this option is that, once you have the DVD, you can sell it and go on selling it, with minimal extra time and effort.</p> <p>The equipment to record, edit, and produce such a DVD is cheap and readily available, but of course this option requires not only that you know the skills of your hobby, and how to teach them, but also how to produce a video. Still, even if you need to learn new video-making skills, or bring in another person to help, the attraction of being able to go on selling DVDs makes this an attractive option.</p> <h2>Write articles or books</h2> <p>An obvious possibility is to <strong>write articles or books about your hobby</strong>. You can sell them to magazine or book publishers, both those that specialize in the area of your hobby, and (possibly) mainstream publishers.</p> <p>Start by surveying what's already available. Many hobbies have a vast array of specialized book and magazine publishers. Many pay quite well for well-written books and articles, especially ones that cover an area that isn't already covered.</p> <p>One advantage of non-fiction writing (over fiction) is that you don't have to write a finished work to market it. Create a proposal for an article or a book and shop it around to potential publishers. If no one wants to publish it based on your proposal, come up with some new ideas.</p> <p>Just as teaching is a separate skill from those of your hobby, so is writing. There are innumerable books and articles on writing books and articles (duh), so check out a few.</p> <h2>Become a local rep</h2> <p>If your hobby require specialized equipment or supplies, you may be able to <strong>act as a local representative for a supplier</strong>. For certain hobbies, it can make sense to do this simply to get the materials at wholesale prices. It may also be possible to sell to fellow hobbyists in quantities that will bring in some actual cash.</p> <h2>Give talks</h2> <p>If your hobby is interesting, it may be possible to get people to pay you to <strong>speak about your hobby</strong>. Many groups have regular meetings and want a speaker at each one--they often have a budget that allows for paying an honorarium to the speaker.</p> <p>Unless you're a celebrity, you're not going to make a living out of speaker's fees, but even a small fee can go a some ways toward paying the costs of your hobby--which is the whole point.</p> <h2>Lead groups</h2> <p>You can make money--or at least reduce your own expense--if you're willing to <strong>lead a group</strong>. Many hobbies--kayaking, rock climbing, bird watching, fishing, scuba diving--are more fun some places the others, meaning that participants end up wanting to travel to those places. If you're willing to do the work of organizing the travel, it is often possible to arrange things so that your own trip is subsidized.</p> <p>Even in cases where no travel is involved, it's often possible to get discounts on supplies, equipment, the use of a location, and so on, if you undertake to arrange an event where the other participants pay to attend.</p> <h2>Barter your products or your skills</h2> <p>Americans are so tied into the money economy that they often don't realize just how much opportunity there is for barter. You may be able to <strong>barter items that you make for other things that you want or need</strong>. This can work very well with individuals and local businesses; typically not so well with big corporations.</p> <p>You can also work out barter arrangements with your skills. Help someone make a yoga video in exchange for yoga lessons. Swap massage therapy sessions for rock-climbing lessons.</p> <h2>Make gifts</h2> <p>At gift-giving time, always think to <strong>give something that you've made</strong>. It's more personal and more thoughtful than buying stuff.</p> <p>I know lots of people who love the jewelry, quilts, scarves, hats, pottery, paintings, photographs, stuffed toys, and handmade books that people have given them, made with their own two hands.</p> <p>It's not an income stream, but remember--to an economist, not having to spend money is just as good as getting paid.</p> <p>All these ways of making your hobby pay its way work synergistically with one another. Writing articles gives you contacts for teaching classes which gives you contacts for leading groups which gives you contacts for bartering services, and so on.</p> <p>Any one of these activities could easily blow up into a business, if you're not careful. Most of them wouldn't blow up into a big enough business to actually support you, unless you have not only the skills of a hobbyist, but also the skills of a small businessperson. But one of them--or two or three of them--could go a long way towards bringing in enough money that you can enjoy your hobby and not be out-of-pocket for supplies and related costs.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/make-your-hobby-pay-its-way">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/sell-handmade-goods-buy-cheap-handmade-goodies">Sell handmade goods, buy cheap handmade goodies.</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/who-cares-if-theres-a-recession-i-just-started-a-business">Who Cares if there&#039;s a Recession? I just started a business</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/money-making-hobby-panning-for-gold">Money making hobby: panning for gold</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/looking-on-the-bright-side-how-to-find-a-silver-lining-in-the-current-financial-crisis">Looking On The Bright Side: How to Find A Silver Lining In The Current Financial Crisis</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/istopover-earn-extra-income-or-travel-on-the-cheap-and-a-special-promotion-for-wise-bread-readers">iStopOver: Earn Extra Income or Travel on the Cheap, and a Special Promotion for Wise Bread Readers</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> DIY Extra Income Lifestyle Art and Leisure extra money hobbies hobby make money Making Extra Cash making extra money sell teach writer Wed, 12 Dec 2007 00:41:57 +0000 Philip Brewer 1491 at http://www.wisebread.com