Module 10: Video Lesson

Managing Personal Finances Module Ten: Additional Ways to Make Money
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Transcript

Module 10 additional ways to make money. Having a budget is a great way to reach your goals. But sometimes our budgets need a little extra income. There are lots of ways to make a little extra money that take little effort. Why not beef up your savings or pay off your debts quicker with making some additional cash? In this section, we will discuss just a few different ways you can make some additional money to help with your budget goals, make and sell items.

Do you have a talent? Why not use your talent to make some extra money. These days there are plenty of venues in which handcrafted items can be sold. Most cities have some sort of an open market like a trade state or a flea market. These are great avenues in which to sell handmade items because the overhead is usually low, which leaves you more profit. Don't think that you have the personality to make it in a public arena.

Luckily in this day and age an introvert can make and sell items to using the internet. There are plenty of arenas to sell handmade wares on the internet. Here are just a few examples of those websites. Etsy, eBay, art fire, Deviant Art, personal website, Facebook marketplace Craigslist, make a few extra bucks doing what you love. Sounds like the life to me sell unused items. We all have junk laying around the house that needs to go somewhere else, so why not sell it?

You know the thing one man's trash is another man's treasure. For all you know, you're sitting on a goldmine. Go through your house and get rid of all that stuff that's been collecting dust. You can sell your items online via websites like eBay or Craigslist. You can also just have an old fashioned garage sale. Sometimes it's helpful to coordinate with your neighbors and have a neighborhood wide garage sale.

Getting your neighbors involved can help you build a sense of community in the neighborhood. Along with attracting more customers. You can post your garage sale in the newspaper usually for a reasonable fee. Selling your old items can help Be more than financially because it helps you declutter your living space. Either way, you are making money on the items that were doing nothing for you but giving you something to clean, small part time job. If you don't have an artistic side or have the heart of a true salesman, you might try taking on a part time job.

There are plenty of opportunities for side jobs these days. Many stores will hire part time personnel, especially during peak holiday seasons. Don't have your heart set on a regular job. Why not try babysitting or being a dog walker. If you have friends that go out of town a lot you could offer your house sitting services, or if you're fond of animals, be a pet sitter. If you have the will to earn it.

There is money out there to be made. All it takes is a little effort. Recycle for money. Another great idea for making some additional money is recycling. This is a great way to make extra funds because it gives you cash and it's great for the environment. You can recycle your own cans and metal that you use throughout A month.

You can also partner with businesses that use cans and other metal items that need to be recycled. If you have a good work ethic and a truck that you can pick up people's discarded metal items like old washers and dryers, refrigerators, bed springs, etc. Recycling will help you make a little bit of extra cash. But this Avenue is not a get rich quick scheme. Case Study. Jimmy and Paul have worked together at Sandy's Shake Shack for a few years now.

And our good friends. Jimmy has been trying to get Paul to help him with his extra jobs because Paul is always saying he needs some extra money. On Mondays and Tuesdays before work. Jimmy scours the city collecting cans for recycling. On Wednesdays he donates plasma before work. On Thursday, he babysits his neighbor's kids while she is at her class.

She takes classes on Thursdays and is studying to be a nurse. Fridays and Saturdays Jimmy takes off and spends time with his family and friends. Sundays it's off to the farmers market to sell his delicious tomatoes that He grows in his garden. Paul sees how busy Jimmy is and is intimidated by the amount of work that Jimmy does in a week. Jimmy exclaims that he loves what he does. So it's not work.

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