Note From Kalen: Remember, always do your own research before investing in anything. I allow all kinds of ideas to be shared, but it’s up to you to decide what you want to do. Invest at the level of risk you feel comfortable with.
The holiday season can be expensive. Between gifts, seasonal attire, and dinners, the costs can add up quickly. Fortunately, there is still enough time left to earn extra money to make ends meet during the holidays. Here’s how.
1. Take on a Seasonal Job
If you are paid hourly, picking up extra hours during the holiday season is a great option. If your job does not allow you to pick up extra hours, taking on a second seasonal job can be helpful. The holidays are busy for retail stores and restaurants, meaning they usually have many seasonal jobs available. Additionally, many of these places need extra employees for their busy days, nights, and weekends. Some online retailers even have remote work opportunities, meaning you can make extra income from home.
You might already invest in your future through retirement or savings accounts. But have you ever considered investing for upcoming expenses? Short-term stocks, such as penny stocks, can earn you additional income just in time for the holidays. Of course, it is important to learn how to make money with penny stocks and to understand how to minimize risk. It is also important to know when to cash out your profits.
3. Sell Unwanted Household Items
It is possible that you and your family are already sitting on the extra holiday money you need. Many children tend to lose interest in their toys pretty quickly. New video games come out and replace older ones. Also, your kids are likely to receive many new toys during the upcoming holidays. Go through your house looking for unused toys, clothing, or gifts. Listing these items for sale allows other families the opportunity to shop at a discounted price and gives you the chance to free up space in your house while making extra money.
4. Produce Crafts
Crafts can be huge moneymakers around the holiday season. If you are a crafty type of person, you might find that others are willing to purchase your goods either as gifts or to decorate their house. Sign up for craft shows, advertise your work online, and let your friends and family know your crafting skills are for sale. You might even be able to check some people off your holiday shopping list using your creations.
5. Sell Your Time
Many families find the holiday season to be hectic. By the time you fully clean the house for visitors, it needs to be prepped and cleaned again for the next holiday. The holidays also often involve a lot of cooking. You could easily sell your time, offering to clean houses or cook meals for others, such as in preparation for a holiday party. You could also offer services such as grocery shopping or gift-wrapping. You might be surprised at how many families are willing to pay for this extra help.
Now is the time to begin collecting additional cash to cover your holiday expenses. Fortunately, there are many ways you can make a little extra money.