Deliver Some Pizza
One of the best ways to break the cycle of debt is to bring in some extra income to help pay off those debts faster. You can probably find a local pizza shop in need of a deliver driver, and when you count the tips you might be able to bring in an extra $1,000 per month.
If delivering pizza isn’t your thing, find something to do that will bring in some extra cash. There are a vast array of part-time options available, but you may have to swallow your pride, be willing to work extra hours, and get creative to find the best opportunity.
Imagine what an extra $1,000 could do for your monthly budget when you’re digging your way out of debt. A part-time job is a temporary measure, one you only need to perform until your out of debt or until you’ve got room in your budget to meet your monthly needs and get ahead on paying down your debt.
Seconds and Seasonal
Again, taking on a second job is a short term solution to help you reach a long term goal. You’re not out to earn more money to live a better lifestyle or have more spending money. Your goal is to bring in extra income to pay down your debt faster.
Getting rid of debt is what will eventually allow you to have more money available to spend on the things you really care about.
Start looking for second income opportunities that fit your circumstances. Your initial reaction might be that you don’t want to steal time away from your family, but remind yourself that this is temporary. At current minimum wage levels you could bring in $600 gross income each month. What if you worked that job for 6-12 months?
Don’t forget seasonal employment. Depending on your location you can really clean up at a seasonal job. Seasonal employment is more than just Thanksgiving through New Year’s. You’ll find stores and companies who need more workers during other holidays, special events, and regional festivities.
A Wealth of Options
If nothing I’ve listed above is really viable for you, check back this Wednesday when I introduce several work-from-home options you can look into.