With today’s growing debt and increasing cost of buying groceries, gas and other essentials we sometimes see clients looking to supplement their income in order to balance their budget, pay off debt or simply put a few dollars aside in savings, whether for a trip, purchase or retirement. Here are a few ideas on ways that a person can supplement their monthly income.
The first and most obvious option would be to speak to your current employer if already employed, can they give you an additional shift every two weeks or every month to add a few dollars to your income. For those that are paid by salary, would it be possible to add certain functions to be done on evenings or weekends which would add to your income, even if it’s unrelated to current job.
Another option, depending on education/training and background is to start a small home based business or income generator. This can be anything from automotive work to child care to house sitting for people that spend winters down south and may live in your area. It can also include taking care of someone’s pets while away on vacation. Nowadays the internet is a powerful tool to get the word out about your service or business. This can also include food or crafts at a flea market for those with talents in this area.
A third option may be to find a part time job that does not interfere with your day job. This is usually something most people can do for the short term, but may become a challenge on the long term. One should be cautious not to take on too big a workload as it can be a heavy burden not only physically but mentally as well. This option may not be as attractive as the last one for some as there is less flexibility in terms of when and where you have to be available.
Another option can be attractive for those on fixed income or retired is delivering flyers or papers. Many newspapers and flyer deliveries are looking for people to deliver to residences, depending on the person’s physical health this may be a good fit. For those with teenage kids looking for extra income, this is a very good option. One should also consider some “outside the box” options if a relative has a business, they may be looking for someone to occasionally step in at a
One final word of caution, in doing any of these options, it is essential to make sure that you are not “biting off more than you can chew” as the old saying goes, make sure that the workload you are taking on is still manageable while being added to your regular workload, make sure you allow yourself some time to socialize, relax and exercise to maintain a healthy and productive lifestyle.