Increasing you income
One way to have more money to apply to your debts, or to stay out of debt, is to make more money. What sort of things have you done to get extra money, or what
could you do?
I do some freelance travel writing. Every month I get a little more work. Since I spend most of my time overseas, I always have something to write about, and that makes it easy.
sigs
Rep Points: 510
well i think even i can do that freelance travel writing thing because i have been posted to various locations abroad. and i have all the free time in the world at the moment.
making more money for most people is easier said than done..:confused:
sigs
Rep Points: 510
but all those who can afford to make more money should do it. i dont see any reason for him/her for not trying to make more money.
sigs - You should try it, then. But fair warning, they expect capital letters and such!
I think that increasing your income is a really neglected part of debt reduction. When my friends have been in debt, they have always concentrated on cutting their spending, and never considered asking for a raise or working part time. This is the first time I've really tried it, and it is a help.
I agree with the point....
If you have free time then setting up a website about a popular topic is one way. Put some ads on it and get a little extra income (not very much though..).
Get grafting, its easy to make a bit of extra cash, You just haveto be a bit creative. If you have time, you can make some money, look at ebay, think of all the hundreds of ways to make money with that, and not just buying and selling.
All the best
Well to increase your income start with managing your expenses. Take a look at what you are spending and cut our the items that you know you don't need. Three are so many ways to get the same service and products while spending less. This will immediately increase your income without having to invest any capital or if you don't have any special skills.
If your debt load is really hight then a second job would be a great idea while you get things under control.
Read lots of books and learn as much as your can about topics that interest you and who knows... if you put forth the effort, you can start a profitable business around that.
I would start increasing your income by reducing your expenses though!
Yes. I agree with all of you. In order to save your situation especially when you have big debt. This is another great solution to settle your debt. If you have good income and money. I believe you can do that.
If you don't know anything how to increase money and your income, i think you can see and dig in this forum. You will find many way to fix your problem.
By the way. If you never have any work. I think its hard to decrease your debt.
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