Earn more during the holidays

There are two ways to improve your financial situation: spend less or earn more. During the holiday season, however, when expenses tend to mount and no measure of frugality (like regifting or exchanging free printable gift certificates) will put your budget back in the black, earning more money may be your best option.

Consider some of the following ideas for supplementing your income this holiday season:

Work a second job. Holiday sales and Christmas shopping create an influx of consumers which can make retail locations border-line chaotic this time of year. This is a blessing for those looking to take on a part-time job since many stores need extra hands during the holiday season and look to hire part-time workers. While the rush of the holiday season will keep you busy, working retail offers perks like hours outside the typical 9 to 5 and employee discounts.

Show your value at your annual review. This time of year is when many companies work on budgeting and award merit increases and bonuses to employees. Preparing for your annual review can help showcase the value you bring to company and give your employer plenty of reasons why your work deserves an increase in salary. Before your review, make sure you have met all of your yearly goals and have the documentation to prove it. Emails from clients and coworkers praising your work as well as quantifiable measurements of how you have helped the company’s bottom line (for example, increasing sales by 10 percent) can tout your value to the company.

Sell assets. People are always interested in a getting a good deal, but they are especially interested in finding good deals during the holidays. If you need to earn some extra money, consider selling things you no longer need or use in a garage sale. For more valuable or specialty items that you are interested in selling, the online marketplace may be the best option for finding interested buyers and striking a deal that suites both you and the buyer.

Opportunities to earn extra income are available if you are willing to recognize them and take action. For more ideas on how to increase your income, check out MMI’s Earn More resources.

Alexis Holloway is a former copywriter and e-Commerce Coordinator for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

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  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.