It’s great when you finally decide to make the commitment to gain control of your finances by saving money and getting out of debt. But what if that’s not enough? What if you make a low income and there is NO EXTRA MONEY to save? You can only stretch a dollar so far. That’s when you have to figure out how to earn some extra cash.
Shift Your Focus To Earning Extra Cash
If you are living on a low income then realistically it will be hard for you to save your way out of debt. You won’t have enough income to save. Your focus then needs to change to earning extra cash to put in savings or emergency fund and to pay down debt.
There are lots of legitimate ways to earn more money if you are willing to work hard and make the extra effort to do it. It does take sacrifice in the short term but for your long term financial well being it is worth it.
Change your mindset and get aggressive about earning extra money. You can do it!
You may currently have a low income but you can find ways to earn more cash to pay down your debt! You don’t have to stay in your current situation. Get determined to change it.
This quote says it best:
“Your decisions from today forward will affect not only your life but your entire legacy.” —Dave Ramsey
Make a decision to do something. Change your life from this day forward!
Now that you have made the decision to make some changes and start earning extra money to pay down debt you might be asking yourself how am I going to do it?
Here are some great ideas to help you earn extra money.
How To Earn Extra Cash
1. Sell Your Stuff to Pay Off Debt. One of the quickest ways to bring in extra cash is to sell some of your stuff. Sort through your belongings to find things you can sell. Tackle each room in your home and sort through your belongings setting aside anything you can sell. Once you have enough to sell you can hold a yard sale, put an ad on Craigslist or put it on eBay.
2. Work Overtime At Your Current Job. Volunteer to work extra hours or extra shifts (weekends) if this is an option at your current job. Picking up as many overtime hours as you can is a great way to earn extra cash every month. Even if you think there is no opportunity for overtime always ask. There may be something available that you are not aware of and it will let them know that you are willing to put in extra hours if anything opens up.
3. Get A Second Part-Time Job. If you listen to Dave Ramsey you will hear plenty of callers talking about getting a part-time job delivering pizzas on the weekends or a couple of nights during the week to earn extra money. Lots of retailers hire part-time positions such as Lowe’s, Home Depot, Walmart, grocery stores and most clothing stores. Restaurants are another place you can pick up extra cash by waiting tables or as a hostess.
4. Get A Side Hustle. Use your special skills, talents, and passion to start your own side business. If you love kids consider babysitting for friends while they are at work. If you can play an instrument such as guitar or piano consider teaching lessons. If you can sew or are great at making crafts or jewelry consider starting a shop on Etsy. If you have a degree consider tutoring. If you are a writer consider freelance writing or start a blog.
Other side hustles to consider include cleaning houses, mowing lawns, pet sitting, dog walking, handyman work and washing cars. When we were trying to pay down debt and pay my daughter’s college tuition my husband worked side jobs in construction (carpenter work and painting) in the evenings and on weekends whenever he could.
5. Become an Uber Driver. If you are a licensed driver at least 21 years of age and drive an eligible 4-door vehicle you can earn extra cash driving for Uber. You must have a valid U.S. driver’s license, proof of vehicle registration and proof of vehicle insurance. Uber will review your driving record and criminal history. For more information visit: https://www.uber.com/drive/requirements/
It won’t be easy but finding the time and energy to earn extra money is worth it because it gets you closer to your goal of being debt free. You have to be ready to make the sacrifice up front so you can enjoy the benefits later.