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8 Ways to boost your income.

by Guest82  |  12 years, 8 month(s) ago

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8 Ways to boost your income.

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  1. Brett
    economy - 1. Sell your junk
    One man's trash is another man's treasure. And the Web makes it a cinch to hold a virtual garage sale. For instance, make a few hundred bucks by selling old textbooks on Amazon.com.

    Craigslist and eBay are other great sources for hawking your wares online, from old furniture and fitness equipment to collectibles and clothing. And with gold prices hovering near record highs, you could even sell your old jewelry.

    2. Get a job
    This may mean getting a second job, or it may mean getting a first job to hold you over until the job market recovers and you can land your dream position.

    Retail, restaurant and customer-service jobs are prime targets. You can also search for part-time or short-term gigs on Craigslist for smaller income boosts. For instance, we found odd jobs such as stuffing envelopes for two days and helping out part time at a kennel during the holidays.

    3. Sell your skills
    You may have a skill that someone else is willing to pay for. For instance, can you teach music, art or sewing? How about arranging a regular dog-walking or baby-sitting gig with a neighbor or family member?

    If you're academically minded, you could tutor students. You could also tutor if you know another language, or you could find a flexible translator position. Ask yourself what you do well and get creative.

  2. Brett
    4. Rethink your rent
    If you're living alone, getting a roommate could boost your income (and cut some expenses in half). You might consider renting out other spaces, too, such as your garage for storage or your parking space for commuters, if you live close to public transportation.

    Another option to consider is apartment management. In exchange for maintaining an apartment building and dealing with residents, you could get discounted or free rent. You can usually find apartment-management opportunities among job listings.

    5. Claim unclaimed assets
    States are sitting on billions of dollars in unclaimed assets, including lost bank accounts, misplaced bonds and securities, dividend checks, uncollected utility deposits and unclaimed life insurance benefits, according to the National Association of Property Administrators. Check MissingMoney.com, a free site, to see whether any of the money belongs to you.
  3. Brett
    6. Adjust your tax withholding
    If you received a tax refund last year and your financial situation hasn't changed much, too much tax is being withheld from your paycheck. Try  to figure out the correct number of allowances you can claim to boost your take-home pay.

    7. Get paid for stuff you do anyway
    You have to buy things -- groceries, gas, medicine and the like -- so why not buy them with a rebate credit card to get cash back in your pocket?Just make sure you pay off your balance each month so you don't accrue interest charges.

    8. Moving back home (if your parents are willing to take you in) for a short period is another way to put more money in your pocket to get through a tight spot. But what about asking Mom and Dad or a close friend to spot you some cash outright?

    You can boost your odds of getting the assistance you seek if you approach it like a business transaction. When you ask for the money, the next thing out of your mouth should be, "and here's how I'm going to pay it back."
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