If You Can't Spend Less, Earn More

There are two ways to improve your financial situation: spend less or earn more. Unfortunately, spending less is not always an option. Fortunately, making more money may not be as hard as it sounds. Following are a few creative money making ideas.

Have a garage sale. Remember, one man’s junk is another man’s treasure.

Become a cyber-entrepreneur. Re-sell unwanted items through an online auction service, such as Craigslist or eBay.

Make the most of your space. If you have the room, consider taking on a boarder. If your garage is empty, rent it as storage.

Use your skills to their fullest advantage. Explore hobbies to see if there are income opportunities. Some examples of potentially profitable skills include sewing and cooking. If you are handy, consider doing home repairs or mechanical work.

Explore your own neighborhood. Local businesses often offer convenience and flexible schedules. Check with local retail stores, restaurants, convenience stores, hotels and medical offices for opportunities.

Think outside the box. The sky is really the limit. Consider these additional income possibilities: pet sitting, dog walking, house sitting, childcare, care giving, newspaper route, housekeeping, sports coach, umpire, tutor, substitute teacher, home sale demonstrator.

  • 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.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • 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.