Are you in a time of career transition and looking for a way to bring in some extra income? We have put together a list of the top 10 ways to earn and/or save money when your next paycheck might not be right around the corner.
First, we realize that searching for a job, is a full-time job and is certainly is not easy. Preparing unique cover letters, applying to positions with lengthy applications and keeping track of all kinds of usernames and passwords can be time consuming and overwhelming.
Make life a little easier and search thousands of jobs here.
On top of all that, there is the stress of keeping up with the rent/mortgage, car payments, student loans, utilities, your kids extracurricular activities, and more. In an effort to lighten the load, here are a few things you can do to save and/or earn money while looking for your next big career move.
1) Take on consulting and/or contract work
Maybe you’ve been thinking of doing consulting for a while or maybe it just occurred to you that you could be a consultant, either way, consulting and freelance work are great options. There are some great sites for individuals looking for flexible work, like flexjobs.com and upwork.com or use the three search terms here to find flexible work:
If you are thinking of starting your own consulting business, that’s great. The most important thing you will need is a website to direct your new clients to. Don’t worry, creating a basic website with your skillset, background, and expertise isn’t as difficult as you think.
Use the domain search tool below to find an available domain name and use our special discounted link to get Bluehost hosting for just $3.95 per month.
2) Start a blog
This might sound unoriginal, but it can actually be more profitable than you think. Many bloggers have started off blogging as a past time and turned it into a full-time six figure job. Good bloggers can make over $10k per month with affiliate and publisher accounts.
Here is the breakdown of how one blogger made almost $20k gross in one-month blogging.
- Display Advertising: $1,504
- Affiliate Marketing: $4,431
- Digital Products: $13, 988
Sound interesting? Start here!
3) Move bank accounts to take advantage of “perks”
Believe it or not, you might be losing a lot of money just because of who you bank with. When was the last time you checked your interest rates on loans and debt. What about getting cash back when you use your credit cards? If you are paying monthly fees for your checking or savings account or even your credit card, do some research and switch.
A lot of the larger, good banks have sign-up bonuses for setting up a new account and spending so much within the first 3-months or for setting up direct deposit. I once got a $300 bonus for spending $2,000 within the first 3-months on a new card. I simply started using that card right away for everything from groceries to bills and before I knew it, I hit the $2,000 mark.
4) Turn things off and the air up… or down
First, turn off the television. This will not only limit your exposure to advertisements and frivolous spending, but also make you more productive and lower your electric bill. Second, make sure to turn off lights and unplug appliances that are not being used. I’m not sure if this is true, but I read once that keeping an iPhone charger plugged in, uses as much electricity as running a small refrigerator…. even if it is not true, making it a habit to unplug unused items is a good practice to get in to.
Depending on where you live, Florida or Wisconsin, changing your thermostat up or down just 1 or 2 degrees can make a big difference. If you live in Florida, turn the thermostat up and instead, try to keep the blinds closed during the hottest part of the day to limit heat from the sun. If you live in Wisconsin, throw on a few extra layers and make sure your windows and doors are sealed well to limit the heat from escaping.
5) Call your cable and Internet company!
It may be a pain but just last week I called my TV and Internet provider and explained to them that I wasn’t thrilled with my service and was considering switching. I immediately got $30 knocked off my monthly bill.
I told them about how the recent movies I ordered kept freezing, how the Internet only works well in one half of the house, and how my neighbor gets all the NFL channels for the same price I am paying. If they don’t automatically apply a “coupon” to your bill ask to speak with the retention department. Once you are on with the retention department, you can usually squeeze at least 20% off what your paying monthly.
6) Stop collecting and start selling
A few decades ago, Beanie Babies were a big fad and people thought their collections would make them rich. Today, we know that is not the case. If you aren’t able to set up a garage sale, there are so many sites available to sell items now. Personally, I’ve used Craigslist countless times. When I moved from Washington, DC to Florida, I could only take what I could fit in my car, which mean I put almost everything up for sale on Craigslist. You know what the first thing I sold was? It wasn’t my brand-new bed or mattress, it was my used blender. The second item I sold was my used toaster. I guess the saying is true that “one man’s junk is another man’s treasure”.
7) Sign up for customer rewards programs
Another sometimes annoying and tedious task with lots of usernames and passwords to remember but believe it or not these can save you tons of money! I’m not talking about opening credit cards at every store you frequent. I’m talking about a savings card or account for restaurants that you take the family too or movie theaters. Store coupons are great too. If you allows stores like JCPenney and Bed Bath & Beyond to send you text message coupons, you are more likely to shop at the stores that you have coupons for and avoid the ones you don’t.
8) Drink more water
It is incredible how much ordering drinks at a restaurant will add to your bill. If a beer is $4 and a glass of wine is $8 and you and your partner each have 2, that is an additional $24 plus tax and tip, which brings the total close to $30. Even soda, milk, and juice at some restaurants can cost as much as $3. If you, your spouse, and your kids each have one of these items your easily looking at an additional $15 on your bill.
This goes hand in hand with cutting out other unnecessary habits like smoking. A single pack of cigarettes averages $5.51. If you smoke 1 pack per day, that is $38.57 per week and $165.30 per month. Not only is it making you broke, it is killing you too.
9) Check your credit card statements for unused memberships
Companies with membership fees know that it takes a user an average of 8 months to realize and/or cancel a membership fee that they are not using. They make it easy to sign up with “free trials” and incentives but much more difficult and time consuming to cancel. If you don’t know what you might be paying for off the top of your head, it is always a good idea to check your credit card statements and make sure you recognize each charge. If you see something that you don’t recognize or realize that you are not using, call and cancel it immediately.
10) Buy generic brands and used when you can
Most people buy the same brands their parents used and stick to it because that is what they are use to, but it’s surprising just how much you can save by going generic, or used. A lot of grocery stores have their own brand of cereal, toiletry products, water, and even baby items like diapers and wipes. Don’t be afraid to try these items, you may even like them better.
Buying used may come with a stigma, but this is an area we all know can save big bucks, especially on big ticket items like cars. As long as you have done your research on the vehicle, asked for the history report (Carfax), make sure it hasn’t been in any accidents or floods, buying used can save you thousands. As soon as you drive a new car off the lot, you lose about 20% of its value. Instead, buy a car that’s 1 year old and has maybe 5 or 6 thousand miles on it.