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I need to earn extra money. Any ideas?
- Thread starter Matthew_84
- Start date
Ooops. Thanks for pointing that out.
I just edited my post.
After re-doing the calculations for Canada, the numbers come out almost exactly the same.
Ya, I just ran it through HR.Block . Extra 10k results in 31.something percent of it going to tax.hbarcat said:
If it was here the difference would be you get taxed at source at the secondary rate which assumes you are already in the top bracket and then you claim a big annual refund if you are not.
Call me Captain Obvious, but if your expenses exceed your income, there are exactly two things you can do about it: increase your income and reduce your expenses. You may be surprised at what you can save by simplifying your lifestyle. Cable TV, multiple cell phones, multiple vehicles, restaurant meals are all places to look. Wear a sweater in the house and turn the heat down. Do your own gardening and housecleaning. Selling the house and renting for a while is probably a good idea too.
You can make $500 extra by cutting expenses.
Cable: 50
Internet: 40
iphone data: 50
a cheapest car insurance $30
Fans instead air condition
Ask your wife to cut your hair: 30
Etc.
I did all above
Cable: 50
Internet: 40
iphone data: 50
a cheapest car insurance $30
Fans instead air condition
Ask your wife to cut your hair: 30
Etc.
I did all above
Cutting expenses is a big help, but isn't the solution to your problem. Like already stated, OP started a similar thread YEARS ago.
You need to bring more in while NOT increasing spending or debt.
There should be more threads like this based on stagnant wages but sadly, most people in trouble aren't willing to discuss it.
You need to bring more in while NOT increasing spending or debt.
There should be more threads like this based on stagnant wages but sadly, most people in trouble aren't willing to discuss it.
Cheap car insurance, could be very expensive. Just sayin'.You can make $500 extra by cutting expenses.
Cable: 50
Internet: 40
iphone data: 50
a cheapest car insurance $30
Fans instead air condition
Ask your wife to cut your hair: 30
Etc.
I did all above
If you change car insurance companies you can save lots of money.
If you believe the ads.
Just change companies every month and you're probably 4-5 grand ahead/year.
Superman vs Batman is nothing. How 'bout Flo vs the Gecko? My money's on Flo.
I did something similar a long time ago. A friend and I were putting a new band together but needed money to live on. We put an ad in the classifieds (long before internet) and did quite well with residential trash removal. We would clean out garages, storerooms and stuff from back yards the trash service wouldn't haul off. We found people threw away stuff that had value and picked up extra money selling it to thrift shops. We also picked up a couple of eldery clients who just needed help around the house moving furniture and other physically demanding tasks that weren't housecleaning or yard work. We did okay.i made a small fortune with an old 3/4ton pickup truck. small moves and yard cleaning was great, but i focused on debris removal on construction sites. eventually, i followed 2-3 small construction companies around the SF Bay Area. these were general contractors that mainly did home repairs and home flips.
bigger jobs were handled with 20-40yard debris boxes and a couple guys from the Home Depot parking lot. i would average $150.00/ day after paying dump fees and any extra laborers. btw, i only accepted cash!
even if you're unable to do much lifting just owning the truck entitles you to some cash. i picked up supplies for these contractors as well as moving furniture for small shop owners. if you own a truck, you already have a second income!
Cheap car insurance, could be very expensive. Just sayin'.
If you change car insurance companies you can save lots of money.
If you believe the ads.
Just change companies every month and you're probably 4-5 grand ahead/year.
Superman vs Batman is nothing. How 'bout Flo vs the Gecko? My money's on Flo.
I was paying $220, now is $145
same coverage, same deductible. I don't believe in ads but I believe that you can save money by shopping around.
I agree, shopping around is a great idea. My post was more of a caution about being under insured or getting one of those super cut rate deals.I was paying $220, now is $145
I don't believe in ads but I believe that you can save money by shopping around.
I always imagine the guy in his car at a routine traffic stop that has no insurance. While the police are running his plate for priors, he is online getting instant insurance to avoid fines for not being covered. But those are normally very expensive and somewhat predatory, IMHO.
I've worked in television for over 40 years. I stopped believing the ads after the first week on the job.
Sue Led Zeppelin. Chances are they stole one of your songs somewhere along the line.
do they have Deliveroo in the US? kind of like Uber for fast food delivery.
buying low / selling high on eBay is a popular way to make some cash.
Debt sucks. My wife and I carried that black burden for fifteen years. Borrowing from this one to pay that one. A wise man once told me if you are in a hole, stop digging. It made great sense to me. And when we finally sat down and REALLY looked at it, we had a great deal more "luxuries" in our life than we really needed. We severely downsized for ten years and it was July of 2005 when we realized we were finally on the positive side of the income/spending roller-coaster. It felt like forever, but looking back it really wasn't all that bad. We ate less junk. We wore out shoes and clothes. But I think our kids came away with an appreciation they wouldn't have had otherwise. I believe it is a healthy journey for a family to be where you are at and work together to climb out of it. And you will. Best of luck to you.
I was a bit unclear in my initial post. The real issue is that my wife has had health issues and unable to work for 10 or so months and my salary isn't enough to cover all of our expenses.
We've already made a lot of cuts to our lifestyle to help (no more eating out, packing lunches, cheap groceries, nothing extra, no more jamming and paying for rehearsal spaces, no more strings, etc) but it only took us so far.
I was trying to find a secondary job months ago but my wife flatly refused it (and she still is). She doesn't think that losing the house is that big of a deal and would rather me have the weekends to relax, but feeding the bank $20k just because we couldn't make it to the 5 year mark is my main deterent. Also, we adopted a few animals before this happened, and will have to put some of them up for adoption if we have to move to an apartment, which I don't want to do all.
We're at the point now where I don't want to ask our in-laws to help any further and my career pay check alone is still not enough. It seems now the only thing we can unload that we can't afford is the house.
It seems we'll have to sell it unless my wife can find a job in the next few weeks (she is better now, but taking a 10 month health leave seems to be a red flag to possible employers).
This whole situation has pissed me off... Maybe it's my ego, but I hate that I have to rely on my wife working. I hate borrowing off of her parents who can't really afford to help us either. I'm not the provider I'd like to be... Should have been smarter during and after high school. I aimed for a middle class job with limited room for promotion. Then again, at the time I never wanted to get married and was fine not owning a house, then I met my wife and everything flipped upside down.
Anyways, I'm rambling now. I'm not at home at the moment but will take some time and dig through these comments a bit more. I appreciate everyone's advice.
