My Debt Regret

Getting out of debt one credit card at a time.

Earn More, pay off more debt

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I love exploiting side jobs to make a little extra income each month. I set up earning budgets on my Mint.com account to keep myself motivated to earn money in each category each month. Side jobs that create revenue can be used to pay off debt! This is why i continue to work random jobs, perform strange off beat tasks. If you made $200-$400 extra a month you could be on your way to being debt free in no time!

1. Donating Plasma- I know this is not glorious (neither is being in $10+k worth of Credit Debt!!), and will not work for everyone.  For those of you who are not afraid of needles it is a great way to boost your income $250-$300 more a month for just 2 hours of your time 2 times a week.  For some reason people look down on this option of creating revenue. They think it is essentially selling bodily fluids, when really it is a Donation. They only reason people are compensated is because of the time it takes to perform the donation, up to 3 hours. Donating blood goes very fast, hence no compensation. So essentially you are being compensated  for the time you spend waiting, and donating.

Find a Donation Center near you for more info. Here are some Plasma Donation FAQs

2. Mowing Lawns- Sure it is mostly performed by younger kids to teens but i think its a great way to increase income. I get great exercise, fresh air, and sunlight. Depending on how good of a job you do and what services you offer (weed pulling, trimming, or edging) you could make decent money in an hour. Even doing one lawn a week for $25 is an extra $100 dollars a month.

On the contrary, if it is winter time and you live in a snowy area. Shovel Walkways for a little side money. If you have a snow blower, even better. Ask your neighbors before you do this.. Don’t just do it and expect to get paid!

3. Walking Dogs- I personally tried this with little success, but i tried during economic hardships when people were less likely to spend money on such services. I also failed to market myself as well as i should have. I did get calls, meetings, interviews, and a few sessions before it fell apart. Charging $10 an hour is a great price for both the customer and yourself. Walk 4+ dogs in the same hour to stack your income. ( I could be taking advantage of this now, but i am currently too busy to do this)

4. Selling Belongings on Ebay- I love ebay.com. For the obvious reason that i can make money by taking a picture, writing a little bit about a product and then going back to playing Call of Duty:4. It is that easy. The key to selling something on ebay is making sure there is a demand for such a product. For example i sold a fairly new piece of technology recently and it did great. I got almost as much as it is worth. It was new in the box, and it was not doing me any good anyways. Trying to sell something that you made out of construction paper and macaroni noodles is probably not going to sell, unless it rivals Picasso. Ramit Sethi wrote an awesome blog about making money on Ebay recently.

5. Research Studies – If you are a college student this one has probably been right in front of your face. Participate in studies or experiments that your college is doing and be compensated for your time. When i go to the university book store there are always bulletins up about people being needed for studies. This can range from medical studies, psychology studies, or even photography models. These typically pay about $10 factoring in they normally need test subjects for 3 hours and compensate $30-$40. This is a study that needs couples in Utah. Notice how it says “you will be financially compensated” groovy.

6. Online Surveys- If you have frequent spouts of spare time, you might want to consider this as a way of earning side income. I have tried a few survey sites and i found the best is www.opinionoutpost.com (Click the link to join). With Opinion Outpost you can make about $100 extra dollars a month with some effort. You can also refer friends and make a little side income that way. Other Survey sites i have tried are www.SurveySpot.com and i never made more than 5 dollars with that site.

Other Blogs with Similar Posts

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posted by Douglas in Debt Tips, Earning and have Comment (1)

One Response to “Earn More, pay off more debt”

  1. [...] a balance of $600. So i tackled this debt in two months by using techniques such as Debt Tip #2 , Earning More , and Selling Belongings. With this debt gone i slowly started to look at my other [...]

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