6. Tips for Making Extra Money While In Debt or in College (2024)



Here are a few suggestionsto consider for making extra money (particularly could be helpful for those indebt, for high school students, and college students):

I. SellStuff:


1. Consider Selling Stuff Online on EBay or Amazon -
Do you know a lot about some niche segment? Saybaseball cards, yearbooks, comic books, specialty toys? Find a niche and startmaking a profit!

2. Consider Having aGarage Sale - One person’s junk isanother person’s treasure. Consider presentation – a tablecloth vs. cardboardboxes, dust things off, use hangers for displaying clothes, etc.

II. MakeStuff:

3. Consider sellingCrafts or Sowing - Crocheting,jewelry-making, embroidery, patching up clothes, etc. Turn your talent intoprofit!

4. Consider FreelanceWriting - People will pay forwriting articles. A blog is a good place to start.

5. Consider Writing aBook or an eBook - Are you an expertat something? Are you a good story teller or good at poetry? My wife publisheda book of poems in 2010. Her first book and we broke about even. eBooks arereally cheap and becoming more popular as well!

6. Consider small-scaleCatering - Run your own smallcatering business out of your own kitchen on the weekend – great for birthdayparties, Quinceaera s, weddings, work related parties, conventions, otherpotential niche clients. Also consider just baking goods and selling them toneighbors/family/friends. Note: Be sure to comply with food safety laws.

7. Consider TakingPhotos and Selling Digital Photos -Have a decent camera? Offer to do some photo shoots for free. Then as word getsout you could start your own photography business. Facebook, Twitter, etc. areall great social outlets for building your business.

III.Offer Services:

8. Consider Mowinglawns/bagging leaves - The summermonths are gone (assuming you live in the U.S.?). But next summer is right aroundthe corner! Lots of opportunities with lawns out there. My uncle does thisduring the end of spring and summer. It’s a nice side business. You can useyour own equipment or see if the neighbor may have it. Gathering and baggingleaves in the fall can be lucrative as well. An extra $20-30 a week per lawnwould come in handy.

9. Consider Babysittingsome kids - Know a family with kids?Babysit them for cash! Parents are always looking to go out on a date or runerrands. Sometimes even voluntary babysitting can eventually turn into a paidposition.

10. Consider Becoming aDog Walker - People get paid everyday to walk dogs. Lots of people have pets. Yet they work too much or justprefer for someone else to handle certain aspects of pets training. Why notoffer this service to people in your neighborhood?

11. Consider becoming amystery shopper - Mystery shopperscan work flexible hours. Sometimes you even get to keep your purchases! Note:Avoid companies that want you to pay a fee up front.

12. Consider Becoming aTutor - Do you play an instrument?Are your particularly good at Math, Science, English, History? If you speak anyother language (Spanish, German, or French?) tutoring kids or even adults canbe profitable. I did this in high school and made $10-15 an hour tutoringpeople in English. My sister does this and charges $20 an hour. She’s afull-time student and just turned 20 years old!

13. Consider RunningErrands for the Elderly - Get toknow people in your community or church (if applicable) who may need to go tothe bank or for you to get their groceries. Sometimes even voluntary errandrunning can eventually turn into tips or even a paid position.

14. Consider FixingPeople’s PC’s - Start out withfamily/friends. Computers are always breaking down or having viruses. I have afriend who fixes people's PC's for $20-$50 a pop. Sometimes it takes 20minutes. Others it takes a couple of hours.

15. Consider OfferingConsulting Services - Know someprogramming languages? Charge $50 and put a decent website together for a startup business. Web design or graphics design is always a good place to start.Start out cheap and build your reputation and portfolio. Businesses always needtheir sites updated, promos with graphics, etc. I have a cousin who makes about$1200-$2500 a month depending on the business on this. He has been doing thisfor a little over 3 years now.

16. Consider HouseSitting - Vacation season is comingup this summer. This can be a great 1-2 week gig. Sometimes even longer. I gotfree rent for a couple of months one summer by staying at someone’s house.Winter time means families traveling to see loved ones.

17. Consider Joining aFocus Group - Google “Focus Group”and see how many hits you can get. There is always some company willing to paya little something for your thoughts, opinions, etc.

18. Consider Offering aPainting Service - See a neighbor’shouse that might need painting? Ring the doorbell and ask them if you couldoffer your services. They provide the paint and tools you provide the labor.It’s a win/win situation.

19. Consider CleaningHomes - People don’t always want or(supposedly) have time to clean their homes. Not the most luxurious job but agreat opportunity to make some extra money. My wife did this while in highschool and even college. Was steady work and building up a clientele throughword of mouth can really net you some great customers.

IV.Part-time Jobs:

20. Consider getting aNewspaper Route - There is nothinglike riding a good bicycle, having a good arm, waking up and working at dawn.Early risers would love this job. People with a determination to make someextra cash could enjoy this too. This job can generate an extra $500-$2000 amonth easily.

21. Consider FindingOdd Jobs on Craigslist - Neighborhoodadds and word of mouth not working? People always need things done. Do you havea truck and are able to help some people move furniture? Or perhaps paint? OrDE-clutter someone's garage? Or perhaps mow some yards?

22. Consider DeliveringPizzas at Night - Tips, Tips, Tips!Even if it’s just for the summer or winter it’s a great way to generate somecash.

23. ConsiderBar-tending or Becoming a Waiter/Waitress - good idea for making extra money late-night and/or weekends withoutsacrificing hours at your day job and/or studies.

24. Consider SeasonalWork - Snow shoveling, lifeguardduty, amusem*nt parks, seasonal holiday staffing, etc. can all be takenadvantage of.

25. Consider DonatingPlasma, Sperm, or Blood - Often youcan get paid for these body fluids. Make sure to seek out reputableorganizations. Note: The Red Cross recommends waiting 28 days between plasmadonations and 56 between blood donations, and not exceeding 13 plasma donationsa year.

V.Consider Further Education:

26. Consider Going Backto School for Graduate Studies -Sometimes going back to school for certification or a BA in Business or otherfield can open up new opportunities. Getting a masters or a MBA could be auseful tool in making oneself more marketable.

27. Consider Going Backto School to finish up your BA or BS (Or get a certificate/go to a Tech School) - Finalizing your degree very well could help further your career andexpand the industries that find you an attractive candidate. Finish up thatdegree and get your college diploma!


Which suggestion did youlike best? Any more good ideas to add to the list? Leave a comment!



Source I used.

-------------------------------------------------------

Follow me on Twitter! @JWKEagle


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6. Tips for Making Extra Money While In Debt or in College (2024)

FAQs

How to make money fast as a college student? ›

We've compiled a list of flexible earning opportunities to help college students pick up a little extra cash.
  1. Work-study programs. ...
  2. Campus jobs. ...
  3. Tutoring. ...
  4. Paid internships. ...
  5. Volunteering for studies. ...
  6. Selling used items. ...
  7. Dog-walking or pet sitting. ...
  8. Housesitting.
Jan 5, 2024

How to make extra money to pay down debt? ›

Here are some popular options for debt payoff side-hustles.
  1. Get a regular part-time job. ...
  2. Use gig economy apps for work. ...
  3. Work for your community. ...
  4. Sell things online. ...
  5. Try freelancing.
Jun 19, 2023

How to pay off debt while in college? ›

Even as a college student, you may have more options than you realize for trimming your debt.
  1. Curb your spending. ...
  2. Find additional income. ...
  3. Pay more than the minimum. ...
  4. Always pay on time. ...
  5. Target smaller balances first. ...
  6. Or target the card with the highest interest rate. ...
  7. Be patient. ...
  8. Sell items you no longer need or use.

How can I avoid debt in college? ›

Tips to Avoid Student Debt
  1. Embrace Hybrid Learning. ...
  2. Determine to Pay Cash for Your Education. ...
  3. Transfer Credits. ...
  4. Apply for All Aid You Can. ...
  5. Test Out of Courses. ...
  6. Work On-Campus. ...
  7. Take on a Part-Time Job. ...
  8. Discuss Repayment Plans.

Is there a way to earn money as a student? ›

Motivated college students have many opportunities to choose from in the form of gigs, small businesses, and part-time jobs. Some more common ideas for college students looking for extra income include participating in the gig economy, selling textbooks, tutoring, and selling any specialized skills you may have.

Is making $4,000 a month good? ›

Making $4,000 a month in extra income is no joke. After all, this equals $48,000 per year, which is more than the average annual income in many places around the world.

How to make 4k in a month? ›

  1. 16 Proven Ways to Make $3,000-$4,000 Per Month in Passive Income. ...
  2. Own Rental Property Empires. ...
  3. Invest in Dividend Stocks & Funds. ...
  4. Launch a Supplement Brand. ...
  5. Syndicate Real Estate Projects. ...
  6. Launch a Membership Community. ...
  7. Build an Ecommerce Store. ...
  8. Invest in High Cash Flow Multifamily Properties.
Jan 2, 2024

What is the avalanche method? ›

In contrast, the "avalanche method" focuses on paying the loan with the highest interest rate loans first. Similar to the "snowball method," when the higher-interest debt is paid off, you put that money toward the account with the next highest interest rate and so on, until you are done.

How much debt is OK for college? ›

Regardless, one rule of thumb for student debt is that you should try not to borrow more than the first year salary you can expect in your chosen field. This means that if you expect to earn $38,000 in the first year of your career, you should try to borrow $38,000 or less for your degree.

How much debt is OK after college? ›

There's a general rule that you shouldn't borrow more in student loans than you expect to make in your first year out of college. A bachelor's degree recipient's average student loan debt in 2021 was $29,100. In theory, a graduate with a salary above this could handle a 10-year standard repayment plan.

What is the fastest way to pay off student debt? ›

Pay More than Your Minimum Payment

Paying a little extra each month can reduce the interest you pay and reduce your total cost of your loan over time. Continue to make monthly payments even if you've satisfied future payments, and you'll pay off your loan faster.

What is the #1 reason students drop out of college? ›

Often, the primary reason students drop out of college is financial, and some are even choosing not to attend college after graduating high school. In our work with families, we've seen that students often want to choose to go to colleges they can't afford.

Why is debt bad for college students? ›

Carrying student debt can affect your ability to buy a home if your debt-to-income ratio is too high. If you have too much student loan debt, you won't be able to save as much for retirement. Student loan debt can lower your credit score, especially if you fail to make on-time payments.

What causes college debt? ›

Soaring college costs and pressure to compete in the job marketplace are big factors for student loan debt. Student loans are the most common form of educational debt, followed by credit cards and other types of credit. Borrowers who don't complete their degrees are more likely to default.

How to make money without a job? ›

Here are some of the ways you can make more money outside of traditional employment:
  1. Launch an ecommerce store. ...
  2. Sell stuff you already own. ...
  3. Start a blog. ...
  4. Pick up odd jobs. ...
  5. Produce online courses. ...
  6. Sell print-on-demand products. ...
  7. Write an ebook. ...
  8. Rent out unused space.
Jan 17, 2024

Is freecash.com legit? ›

Freecash isn't a scam. It's a legit site that pays its users for competing tasks, and there are plenty of positive reviews online and proof of payment. The site also pays out on time and you have plenty of cashout options to choose from. It's just not going to make you rich or replace your day job.

How to make money at school without selling candy? ›

Things You Should Know
  1. Online or in local stores, sell items you don't need, like old books, clothes, toys, and knick-knacks.
  2. Make money doing services like Fiverr, babysitting, pet care, yard work, and cleaning.
  3. Find a formal job through online sites, friends, or your school and try to save what you make.

Is Swagbucks legit? ›

Yes, Swagbucks does provide real money in the form of cash or gift cards. Users can earn points, known as SB, by completing various tasks such as taking surveys, watching videos, shopping online, and more. These SB can then be redeemed for cash via PayPal or for gift cards to popular retailers.

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