This post is part of a 13 money resolutions for 2013 series. You can check the first post for an updated list of the following ones.
When I look at my situation, I have eliminated a lot of waste and non essential items in my life, I rarely eat out or go shopping, so in order to find $3000 to throw at my debt every month, I am left with only one option, make more money. There are tons of ways to make extra money, and you don’t necessarily need to spend money to earn money.
Rent a room in your house
You already have a spare room and can welcome tourists for a few days thanks to sites like Airbnb, or simply take in a full time tenants. It has its drawbacks, you will need to sacrifice your privacy, but can make a lot of money without any upfront costs.
Sell stuff online
Part #4 of this series was about limiting the waste of buying more things, but you may still have some clutter at home, that you can get rid of for cash. Take a little time to write the perfect ad, with tons of information about your item and good pictures, and you should sell everything at a good price. Ebay is the go to site for general items, although you may get a better price on specific sites, for example selling CDs, games and DVDs on www.musicmagpie.com.
Take a night shift as a waiter or a barista
Taking a second job just to repay your money mistakes doesn’t sound very appealing but it can really boost your repayments and a social job at a bar or a coffee shop can even be fun. And you get tips.
Babysit some kids
Ideal for students or bloggers, since you can study or run your online endeavors while the kids are asleep.
Find a writing gig for a popular blog
You can find such jobs on job boards like the one on Problogger, on Elance or just by asking your favorite blog if they are looking for staff writers. I used to double my day job’s salary by writing for a few travel blogs. Now I have cut back but it is still a nice part of my income.
Sell your crafts on Etsy
If you make jewelery, clothes, fun gadgets… consider opening an online shop to sell your craft.
Other odd jobs that I have had which didn’t interfere with my study or work hours included
Call center employee
Teaching French and Spanish
Translating business documents
Waitress at weddings and events
Lunch supervisor at the school’s cafeteria
Substitute teacher for primary school
Hostess at Disneyland
Sports shop employee on weekends
Night inventories in supermarkets
Most of them were paying close to minimum wage, but offered very flexible hours. I could do the database entry when I wanted, the supermarkets’ inventories were from 10pm to 6am once a quarter, and I could say no to field trips when busy. A little bit here, a little bit there allowed me to graduate college with savings.
There are only so many areas where you can save money, whereas the possibilities to earn extra income are endless, and if you put that extra money towards your 2013 goals, you will reach them in no time.
This year, I plan to make extra money with
Starting a B&B at home
With the ambitious goal of finding $3000 a month to put towards debt.
You can start small, it doesn’t take much and you can’t lose by trying to make extra money. $3000 at 18% is costing you $540 per year in interest, so on top of your earnings you will avoid spending that interest money.
Do you have an extra income target this year? How do you plan on earning it? On a related topic, Miel&James share 9 top ways to make extra money on DINKs Finance
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