Tis the Season...for Paying Down Debt
The end of year holiday season has become much more than "the most wonderful time of year." It's become one of the most debt-inducing times of year, with many people going a little too crazy at the mall. However, if you have too much debt, this can also be a great time of year to pay it down by generating some extra income. As a recent ABC News story pointed out, lots of retailers hire extra staff for the holidays. ABC also offered up some more creative ways to earn some extra income. For example, if you have specialized knowledge, look into becoming a Guide on About.com. In exchange for posting an article every two weeks and keeping a blog fresh, the site claims you can earn anywhere from $500 per month to over $100,000 per year. Or, consider working from home as a part-time customer service rep, making $8 to $15 per hour. Companies that hire such reps include: Alpine Access, LiveOps, West, and Willow.
Matt's View
One danger to watch out for if you pick up a seasonal retail job is the all-too-tempting employee discount. It won't make any sense to take on some added work if you end up spending all of your earnings while "saving" on all the great deals you'll have access to.
Managing Money by The Book
- "To keep me from becoming conceited because of these surpassingly great revelations, there was given me a thorn in my flesh, a messenger of Satan, to torment me. Three times I pleaded with the Lord to take it away from me. But he said to me, 'My grace is sufficient for you, for my power is made perfect in weakness.'" - 2 Corinthians 12:7-9
Recommended Resources
- Debt-Proof The Holidays
- As we cling to the last bits of summer, the holidays may seem a long way off. But they're not. And if we are to navigate the holidays without going into debt, now's the time to develop a plan. Mary...…Read the rest
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