3 ideas to Help You Pay Down Debt without a Second Job

March 10th, 2017 | Author:

[D]ebt is something most people have but very few want. Credit card debt and medical bills are especially detrimental to a person’s life and credit rating. For many, they take on a second job and devote the income to paying off debt. However, if this isn’t an option for you, there are still ways you can more money to pay on your bills.

1. Have a Garage Sale

You don’t even need a garage anymore with online swap shops and sales sites. Just go through your stuff and find items you no longer use or want to keep. Look for high-dollar items for online sales, but keep those $1 items for an in-person garage sale. Even if you don’t have the space for one where you live, you can ask a friend if you can contribute to their sale.

You’d be surprised at how much money you can make by selling a few items. Just put all of the money towards your bills to cut down the balance.

2. Make Something to Sell

If you’re crafty in any way, you can find someone who will buy your product. It doesn’t have to cost a lot of money either. Look on Pinterest for ideas on how to use items you already have around the house. Scrap lumber or discarded stuff can be repurposed into something new and totally different.

People with no craft talent or time will pay good money for something unique. The best part is you can do this from home on an ongoing basis to keep the cash flow steady.

3. Offer Your Skills to Teach Others

You know something that other people don’t. It may be a skill like woodworking, knitting or painting. It may be a life skill like how to budget or how to study for a test. The idea is that others will pay for your knowledge so they can learn. There are sites online where you can sign up and teach for a price. You can also set up your own website for free to promote your course.

These are just a few ways you can earn extra money to pay down your debt without taking a traditional second job. As you pay off your balances, you’ll see your credit score improve, which will make you feel good.

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