Personal finances

A guide to making extra money during the holidays – Bankrate.com

Summary

The get-togethers, the traveling, the presents. The holidays are full of things to do and people to see. Unfortunately, this can add layers of stress and financial strain to anyone’s budget, especially for those with little wiggle room. One survey shows 61% of Americans actually dread the winter holidays because of the extra pressure holiday spending brings. When people go into debt because of increased spending, this can further harm their overall financial health, creating negative finan…….

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The get-togethers, the traveling, the presents. The holidays are full of things to do and people to see. Unfortunately, this can add layers of stress and financial strain to anyone’s budget, especially for those with little wiggle room. One survey shows 61% of Americans actually dread the winter holidays because of the extra pressure holiday spending brings. When people go into debt because of increased spending, this can further harm their overall financial health, creating negative financial consequences long after the holidays are over.

Many people may find their personal finances are still rebounding from the impact of COVID-19. From uncertain work schedules to past due rent payments, many still deal with pandemic-related pressures each day. One possible method for relieving this financial burden is to take a second job or look for ways to bring in extra money, specifically during the holiday season. Although it makes it tougher to juggle schedules and obligations during the busy holidays, there are numerous flexible options for part-time work. The inconvenience of working two jobs may be outweighed by the benefits of earning extra money and relieving the stress associated with this time of year.

Seasonal and flexible jobs

Many flexible, seasonal jobs are available, especially during the holiday season, giving you more opportunities to earn extra money or avoid adding debt over the holidays. The following part-time options were chosen based on earning potential, demand during the holidays and greater flexibility for busy schedules. We gave each potential gig a score out of ten points based on how we feel it ranks when it comes to seasonal side jobs. Whenever you consider taking on extra work, it’s beneficial first to weigh the pros and cons and be realistic about the time you can devote to meeting the job’s demands.

#1. Pet sitting (9.8/10)

Pet sitting is a favorite choice for side holiday work because demand increases during the holidays with so many people traveling — plus the startup costs are very slim. You could charge per visit or hour and advertise on your neighborhood’s social media pages. You typically need to be available on nights and weekends when people tend to travel, and you should be comfortable making payment arrangements with people and advertising your services.

#2. House sitting (9.4/10)

Like pet sitting, house sitting is another low startup cost option where demand is likely to increase this time of year. House sitting may involve other tasks, such as collecting mail, taking out trash or watering plants. You will likely be limited to people who already know you and trust you, so it may take a while for word of mouth to build up.

#3. TaskRabbit (9.2/10)

TaskRabbit is an on-demand service where people can book help for tasks such as putting together furniture, cleaning and other services. All payments are conveniently handled through the app, and you get paid for doing things you are likely already good …….

Source: https://www.bankrate.com/insurance/car/extra-money-for-the-holidays/