Plenty of self-help, debt management personal finance (PF) blogs talk about selling your items to make more money. They also advocate getting a second (or third!) job to help pay down your debt as quickly as possible.
How realistic is that?
Do you know someone who has two or three jobs? Are they happy? Do they feel the burnout is worth the extra money? Do they feel good about reducing their debt that much faster? And how much faster are they really paying down their debt?
I do know someone who had three jobs at one time, and she burned out fast. She hardly slept, she couldn’t care for her kids, and her health suffered. She only did the third job for a few weeks before she was forced to quit. Was the effort worth it? Not in the end. Her second job lasted longer, about five months, but at that point, she quit that job, too. Life got too hectic and too much suffered (health, sanity) all for the sake of extra money. She’s now getting state assistance and it’s enabled her to work her one job, take care of her kids and her health. It’s not the ideal situation, but it’s not permanent. I think that’s an important lesson; no matter what we’re doing now, it’s not permanent. Everything is in transition. I’m learning to understand this, myself, and trying to teach myself that just because things aren’t good right now, doesn’t mean they won’t be good tomorrow or next week or next month.
I’ve taken the “easier” way of making extra money. I’ve put up my excess stuff on eBay and Craigslist for sale, and August has been very good to me. No, I’m not making hundreds of dollars, but it’s a nice sum that will allow me to double one of my credit card payments next month. Every little bit helps, and I’m doing the little things, now.
I also bit the bullet and registered on Craigslist for proofreading services, and within 24 hours, got my first request! I couldn’t believe it! We’re in the phone-tag stage right now, but hopefully by the weekend, I’ll have an actual, paying side-job. Even if it’s a one-off assignment, it’s still money I didn’t have before and it didn’t cost me a thing to get it.
Since we’re in the last quarter of the year, that means seasonal work is hiring. I haven’t heard yet from the Halloween store I applied to, but I did make the effort. Now I do the waiting game. It’s only five or six weekends of work, and that’s about all I can take on right now. Will it be worth it, if I get it? I’ll keep you posted.