4 Ways to Earn Extra End-of-Year Cash

4 Ways to Earn Extra End-of-Year Cash

With barely three months left to 2014, the Money Coach advises how to stack some extra money before the New Year

4 Ways to Earn Extra End-of-Year Cash

As we enter the last few months of the year, you might be thinking about getting ready for the holiday season or just having a few extra bucks toward year’s end. Whether you want some additional cash for your holiday shopping ventures or you’d simply like to fatten your bank account, now is the time to plan ahead.

Holiday-related expenses, in particular, don’t have to set you back when you put together a realistic budget now and start saving for those larger purchases. There are a few ways you can drum up some extra cash before year’s end and this can offset some of the financial burden of the holidays.



Here are some easy ways to earn extra cash before the end of the year.

1. Rent Out Extra Space

Do you have an extra bedroom or office that you could rent out on a short-term lease? Getting a roommate or having someone rent out some office space could give you some extra cash just in time for the holiday season. Just make sure to take the time to learn about the renter and prepare all legal forms and paperwork so that everything is in writing.

One word of caution about this strategy, however: You also want to know about tenant laws in your state. The last thing you’d want is to have a temporary resident create a problem, and then try to invoke their “tenant rights” and stay in your home if you want them to leave.

2. Offer Services to Friends and Neighbors

Have some free time on the weekends? Offer lawn care services, babysit for a busy family, or clean the home or office of your neighbors for some extra cash.

Household chores and home maintenance activities can be a good source of extra income for anyone who can devote a few hours a week to helping out—especially with the busy holiday season fast approaching.

3. Get a Part-Time Job

If you have some retail experience or a customer service background, consider getting a part-time job on evenings and weekends to earn some extra cash before the end of the year.

Many stores are now hiring seasonal workers to manage the oncoming holiday crowds, and you may be eligible to receive a discount on certain purchases.

You could also wait tables at an area restaurant, drive a cab, or just pick up a few shifts at the neighborhood grocery store to earn some extra money through the end of the year.

4. Earn Money Online

Do you have a passion for arts and crafts? Love to write? Consider selling your goods and services online to earn some extra money this season. You could set up your own online storefront and join online communities designed for people with similar interests to promote your work. If you have an entrepreneurial side, make use of your creative skills to earn some extra cash.

Any and all of these strategies will net you additional dollars, and that cash will no doubt come in handy before you ring in the new year.

Lynnette Khalfani-Cox is a personal finance expert and co-founder of the free financial advice site, AskTheMoneyCoach.com. Follow Lynnette on Twitter @themoneycoach and Google Plus.

 





Comments
 
Stay in the Know
Sign up for the Ebony Newsletter