Tips for Earning a Little Extra Money This Holiday Season
Times are tough right now. We could all use a little extra income, especially with the holidays right around the corner. The good news is that now is a great time to explore the possibility of a side hustle that will put some extra money in your pocket.
Consider Drive Share Programs
If you like to drive and have reliable transportation, you may consider joining a drive-share program. With so many people worried about the possibility of getting drunk at holiday parties, they are turning to drive-share programs for a designated drivers. Demand for drive shares is high during the holidays.
While it’s possible to make some really good money while doing a drive-share program, you do need to consider how much wear and tear it will put on your car as well as the possibility that your car insurance rates will go up. You need to calculate these expenses against your possible earnings.
A Second Job
The holidays are a great time to look for a second job. Many businesses are hiring seasonal labor to get them through the holiday season. If you think a seasonal job is a great way to earn some additional money this holiday season, look for one that:
- Can be scheduled around your current employment
- Offers a decent hourly salary
- Provides a steady schedule during the time you’re working there
- Is a relatively short commute
Spare Jobs
Check out a local job board or community social media page. You’ll likely find a few people actively looking for someone to clean their house, do some yard work, watch their kids, or do some sort of other odd jobs. These spontaneous odd jobs can be a great source of extra income during the holidays. If you’re going to pick up a few odd jobs make sure that you and the person who is hiring your services are very clear about the type of work you’ll be doing, how long they’ll need your assistance, and how much you’ll be paid. It’s in your best interest to get as much on a contract as possible.
Money Saving Tips for the Holidays
All the signs point to us being poised on the brink of a recession. Between inflation and the outrageously high price of fuel, most of us are looking at the holidays and wondering if there is any way we can save a little money yet still enjoy the holiday season.
The good news is that yes, it is possible to cut back on your spending and still have a fantastic and memorable holiday with your loved ones.
Put Your Credit Cards Away
Make this the year that you don’t use your credit cards to finance your holiday. The problem that many people run into is that since they are using a credit card, they don’t pay attention to how much money they are actually spending while holiday shopping. When the credit card statement arrives, it’s always a shock. Even more alarming is how quickly the interest adds up.
You’ll be amazed by how much more aware you are of your spending when you stick to cash or your debit card. Best of all, you won’t have to worry about any surprising bills showing up in January.
Stay Home
One of the biggest expenses many people run into during the holidays is the cost of eating out. There’s something about the holidays that inspires people to go out. While this is fun, it can quickly become expensive. Rather than going out to eat dinner, look for fun and innovative ways to dine at home. Try new recipes, prepare picnics, and cook favorite meals you don’t eat often. You won’t believe how much money you save.
When you invite loved ones over for the holidays, consider asking them to bring a dish to pass. Not only does this help you save a little money, but also ensures that there is at least one dish on the table that they’ll enjoy.
Make Your Gifts
Giving gifts is a great way to lift our moods, but it’s also a drain on your bank account. Rather than buying expensive gifts for friends and family, try getting creative and making a few things. If you’re stuck for ideas, check out your local community center, many places offer fun courses that not only end with you bringing home a fun craft project that you can turn into a gift, but also the skills needed to make more so that everyone can benefit from your handiwork.
Consider a Side Hustle
If you have the time, a side hustle such as getting a seasonal job or selling products online is a great way to put aside some extra money for the holidays. If you really want to get the maximum value from your side hustle, try using just half of the bonus income for the holidays and putting the other half into savings.
Cut Back on the Traveling
If you’re the type of person who likes to make lots of little day trips during the holiday season, this is the year you should consider cutting back. Look for ways you can combine several of your holiday excursions into one day so that you don’t spend as much on fuel.
What money-saving ideas do you plan on implementing this holiday season?