Paying Down Debt: How to Earn Extra Money for Your Budget

It can be tough to pay down debt. No matter how much you sacrifice or deduct from your regular payments it doesn’t seem to make a dent in what you owe or allow you to see a light at the end of the tunnel. There have been thoughts of taking a second job, yet your current work and family schedules aren’t flexible enough to make it happen. Which means you sigh, throw up your hands, and either continue to make small indents into the debt or give up entirely.

There is another option…well, a few options. You can do more than just take a second or third job or work overtime to pay down your debt. Look around your place of residence or inside your computer and you’ll find many ways to make extra income in a flexible manner. Here are a some suggestions for you.

Sell things

You probably have a good amount of junk around your house gathering dust. You keep saying you’ll take them to the Arc or Goodwill to donate, but you just don’t have the gumption to do so. Instead of letting them gather more dust why not sell the items?

First, see if you can find an estimated value of their worth based on condition. Next, take flattering pictures of all the items. Third, put them up for sale online. For household items like furniture, toys and exercise equipment consider selling on Craigslist. For memorabilia items like baseball cards or souvenir programs look at sites like eBay to put them up for auction. Make sure to include shipping and handling costs in the sales price to cover any transportation or mailing. In addition, research the buyer before you finalize any sale in order to avoid being scammed.

Provide content

Have writing skills? Looking for some items you can knock out in a few hours time? Look no further than content provider sites like Demand Studios or Textbroker. Companies such as these require a writing test in order to be considered. Content can range anywhere from $1 to $10 a post. The more you produce and the better you are will get you extra money.

Take surveys or watch videos

It’s true that you won’t make huge amounts of money taking surveys, clicking on ads or watching videos at sites like InboxDollars or SendEarnings, but the $30 check you receive once you reach your goals will certainly help pay down one debt or another. You can also make extra cash in the form of gift cards at sites like Global Test Market and Valued Opinions. Granted, these won’t pay off debts; however, they’ll allow you earn gift cards for places like WalMart and Toys R’ Us that you can use, thus freeing up money originally slated for them for debt payoff.

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