If you’re living paycheck to paycheck, most financial advisors will tell you to cut spending, put some money away for savings, and learn to live within your means. But where are you supposed to cut when all of your expenditures are necessities? How can you put away savings when you can barely buy groceries? Many times it’s not about learning to live within your means; it’s about increasing your means in order to live.
If all of this sounds familiar, you don’t need a lecture on spending. You need to learn how to make extra money. Fortunately, there are several ways you can increase your income in your spare time on the weekends.
- Host a social event. Rent a hall, restaurant, etc. and put on a social event. Hire entertainment, provide food, and charge for admission. If you organize an event that people HAVE to be a part of, you can earn several thousand dollars per event. Who knows? You might become the most sought after event organizer in your community, which will lead to even more income.
- Take up babysitting. The good thing about babysitting is that you can do it on the weekends, and you don’t have to do it EVERY weekend. Pick a couple of Saturdays per month and offer babysitting services to parents who deserve a night out. Make it a party too. More kids don’t mean more work for you – you can keep them entertained – but it does mean more money.
- Get a weekend job. If you like structure and don’t like working on your own, a weekend job might be the answer. Saturdays are usually a busy shopping day, and most businesses need extra help, especially during the holidays.
- Auction items online. The internet is ripe with possibilities. Auction off items on eBay or sell your crafts on Etsy. The key is to offer products that people want to buy. Find unique items throughout the week and list them on the weekend. If you set the auction to end in seven days, you can mail out your orders the following weekend.
- Find online work opportunities. There are legitimate work-from-home opportunities online. If you can type and follow instructions, there’s something you can do online. Online opportunities include data entry, research, writing, consulting, etc. If you have a special skill, say you’re an architect, you can take up a few jobs on the side. Search for online job boards. They hook people who want to work up with people who need work done.
- Become a salesperson. Earn extra money through direct sales. Direct-sales opportunities include companies like Avon, Pampered Chef, Mary Kay, and others. These opportunities allow you to make your own schedule and sell in your spare time.
- Join a focus group. Focus groups offer opinions on products or services. Approach a marketing firm that organizes focus groups, and ask to be put on their list of contacts. For a few hours on a Saturday, you can get paid for your opinion.
You don’t always need a new job or even a second job to balance your checking account and splurge for something a little extra. You may just need to search for new and creative ways to make money on the side. When you take the initiative, money troubles take the backseat.