Life is never predictable. Sometimes things will happen beyond your control such as the temporary loss of a job. The good news is there are ways to bring in extra money to help you stay afloat.
For the Immediate Future
Initially, after losing income or having a large unexpected bill to pay, you need to have money to maintain your bills at their current status. One way is to refinance your mortgage. If you don’t have enough equity or don’t meet the bank’s criteria, you can opt for a small loan. Online
Bringing in Extra Money
Luckily, you will be able to collect state unemployment benefits. However, the amount you receive will be less than half of your regular salary or greater. Finding another source of income is important. Thankfully, there are many online jobs you can do from the comfort of your home. Freelance writing and editing for blogs and companies are in high demand. Tutoring, virtual assistants, and data entry jobs are also easy to find. If you have a talent such as woodworking, you can make items and sell them on various sites. Babysitting, dog walking, and driving for Uber or Lyft are other options.
When you lose a portion of your income you need to offset the loss by spending money wisely. Take a look at your monthly gas, electricity, and water bills to see where you can cut costs. You should also consider reducing your cable to basic service or cutting it out altogether. You can use streaming services such as Netflix and Hulu for short money. Food shopping can run a few hundred dollars or more weekly. Use the fliers provided by your local supermarkets to find the best prices on the items you need. Combine that with coupons available online through reputable sites for free. In the short-term, you should also avoid eating out.
Sometimes coming up with a few hundred dollars is as easy as cleaning out your garage, basement, and attic. Over the years, most people hang onto furniture, tools, baby clothes, and books that they no longer use. Take a weekend to sort through items to see what’s in good condition and then post signs to let neighbors and passersby of the upcoming yard sale. It’s a great way to bring in extra cash and clean out your home.
Bundling services like cable, the internet, and insurance provides an instant way to save 20 percent or more annually. Companies want customer loyalty, and they reward them for putting more than one service they provide together.
Do the Work Yourself
You may have a landscaper that mows your lawn weekly and pay someone to change your oil every few months. These are services that you can do on your own for far less.
Life happens and sometimes it can bring about the need for extra money. Luckily, there are many ways to bring in extra revenue.