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How Can I Make More Money and Get Out of Debt?

By: Abby Reid

Debt is a four-letter word that no one likes. Debt can stress you out, wear you down and ruin your life. 43% of American families spend more than they earn each year. The average American can have up to tens of thousands of dollars of debt in student loans, car payments, credit card bills and mortgages. How can you get out of debt? The simple solution is to spend less and earn more. While many people complain that they do not earn enough cash to begin paying off their looming debt, there are many ways to earn a few extra bucks outside of your regular job.



  • Sell things online. Services like eBay, half.com, Craigslist and Ubid.com allow you to list items like clothing, collectibles,
    automobiles, electronics and DVDs for sale. Most of these sites are simple to use and easy to navigate. The best part is, you can list items for sale from the comfort of your own home. All you need is a computer and a digital camera.

  • Get a second job. It may be time-consuming to work six days a week, but it can help eliminate your debt. Don’t worry, you do not have to work a second job forever, just until you are able to save some cash. Bartenders can earn an average of $200 per shift. Annually, that adds up to $10,400. Even an extra $50 per week can add a hefty $2500 to your yearly income. That can take a significant chunk out of your overall debt.

  • Survey your talents. Look at your hobbies, talents and any activities that you enjoy. Can they be turned into profitable projects? Do you love decorating? You can offer your services as an interior designer. Do you enjoy crafts or scrapbooking? You can help families and individuals organize their memorable events by designing scrapbooks or photo frames. Do you play an instrument? You can give lessons to people in the community. Every person has a talent that can help earn him cash. You simply have to discover your own.

  • Take advantage of consignment shops. Consignment shops will purchase clothing or items that you no longer use for a percentage of their original price. These stores take clothes, movies, accessories or items you no longer want and will pay you cash upfront. Sell used video games, books, movies, DVDs, or CDs at certain electronic stores or used bookstores.

  • Have a garage sale. Get rid of antiques, magazines, books and miscellaneous items at a yard sale. Talk your neighbors into hosting a community sale that will involve several different households. Advertise in free newsletters or on Web sites like Craigslist.


    • Debt can seem overwhelming, but earning a little extra income can make a significant impact on the amount of cash that you owe. By spending wisely and adding to your base income, you can pay down a substantial total of your credit card, school or home debt.

    Article Source: http://www.mycontentbuilder.com

    Advantage Credit Counseling Service provides individualized attention to those interested in getting out of debt. They offer free online credit counseling and resources on their web site for helping you begin to make changes in your credit score. You will be able to start budgeting and saving your money, improve your credit score, and begin to make smarter financial decisions.

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