Advertising
Advertising

5 Easy Ways to Earn Mad Money

5 Easy Ways to Earn Mad Money

coinjar

    Even if you’ve trimmed your budget, it’s important to still have “mad money” to spend on things you enjoy. If your fun money account is dwindling, here are a few simple ways to earn some extra money or goods for a little of your time:

    Advertising

    1. Bottle caps – Do you drink Coke products? If so, please tell me you’re not throwing away your bottle caps without entering the codes! I did so for many months before I decided to to go MyCokeRewards.com and start entering my codes. Since then I’ve earned several Blockbuster rentals (including some “movie night” deals that included popcorn and drinks), a t-shirt for a friend, and two magazine subscriptions. Now, admittedly, you’re better off drinking water or something cheaper than Coke products, but if you do buy them, you might as well put those caps to use.

    2. Gazelle – In my latest decluttering binge, I ran across an old cell phone. It was a Samsung and definitely not the latest model. I checked eBay to see what my chances were of selling the phone (nil), and then went to Gazelle and input the details of my phone. Gazelle gave me an estimate of what they’d pay for the phone provided it was in the condition in which I had described it, then sent me a prepaid envelope for my phone and charger. A short while later I received an email stating that they’d checked out my phone, and that it was just fine. They provided a code for $15 off Amazon products. I could have received the payout in the form of a check, but had the choice of Amazon or many other vendors. Now $15 isn’t much, but it’s more than I would have gotten had I just dropped my phone in a charity bin. Gazelle also takes your Amazon Kindle (generation 1 or 2), laptops, MP3 players, digital cameras, LCD monitors, satellite radios, external drives, GPS devices, gaming consoles, video games, PDAs, camcorders, movies, and more. They claim to wipe your electronics clean of personal information before reselling them. If you have some old electronics just sitting around, Gazelle is a painless way to make some money. They’ll even show you a graph of when’s the best time to sell to make the most money.

    Advertising

    3. Surveys – Welcome to scam-land! Only trust those survey sites that you’ve heard about from word-of-mouth from someone you know and trust or a respected company or blog. This is how I discovered ERewards. It’s a legitimate site that I’ve used to earn rewards like a $15 certificate to Borders. I’m averaging about $10-15 a month in goodies. ERewards lets you know up front what a survey is worth, even if you disqualify part way through (which earns you a lesser amount). The downside is that if you’re like me and aren’t a frequent spender on hot items (flat screen TVs, cars, etc.), you might not qualify for many surveys; however, you’ll still earn partial credit. That partial credit adds up quickly. Other downsides: Their surveys can take longer than the time estimates they give you (I usually complete the surveys casually while watching TV). A search of the Internet finds some angry people reporting that their points were once wiped away, but I haven’t experienced anything like this. Other survey sites to check out: PineCone Research and MySurvey.com. With all of the survey sites you research, just be sure to read the terms of service and make sure you’re comfortable with their privacy policy.

    4. Half.com – I still encounter people who haven’t heard of or used Half.com, so I thought I’d better include this one. Half.com has a very simple interface for posting and pricing your books, movies, music, and games for sale. It’s not an auction; you’ll receive an email when someone has purchased your item. If you notice things that aren’t selling, you can easily switch to “repricing mode” and reduce the prices. It’s a good way to declutter and make some extra money.

    Advertising

    5. Research companies – A friend once invited me to come along to an event at a research company. For an hour of my time, I sat in a room with other people and was presented with two Arby’s sandwiches. We were given checklists that had us grading the aesthetic appeal of the buns, the “mouthfeel,” and so on. It took an hour. I left with a full stomach and a $30 check in my hand. On my way out, I asked to be placed on their mailing list for other research. Do a search of the web or your local phone book for research companies in your area. Place some calls to find which ones are open to public testers, and request that they add your name to the list.

    Do you have some tried-and-true ways to easily earn extra dough? Please share in the comments!

    Advertising

    More by this author

    Overcoming The Pain Of A Breakup: 3 Suggestions Based On Science Quit Your Job If You Don’t Like It, No Matter What What Highly Successful People Do Every Day To Perform At Their Best How to Plan Your Life Goals and Actually Achieve Them in 7 Simple Steps 6 Simple Steps to Make Progress Towards Achieving Goals

    Trending in Money

    1 13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget 2 How to Set Financial Goals and Actually Meet Them 3 How Being Smart With Your Money Leads to Financial Success 4 17 Practical Money Skills that Will Set You Up for Early Retirement 5 25 Things to Sell to Make Extra Money Easily

    Read Next

    Advertising
    Advertising

    Published on October 8, 2018

    13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

    13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

    Are you having trouble sticking to a family budget? You aren’t alone.

    Budgeting is difficult. Creating one is hard enough, but actually sticking to it is a whole other issue. Things come up. Desires and cravings happen. And the next thing you know, budgets break.

    So how can you stick to a family budget? Here are 13 tips to make it easier.

    1. Choose a major category each month to attack

    As the saying goes, “Rome wasn’t built in a day.” With that in mind, one approach to help you get into the habit of sticking to a budget is simply starting slow.

    Spend too much on Starbucks runs, eat out too often, and have an out-of-this-world grocery bill? Choose one bad habit and attack.

    By choosing one behavior to focus on, you’ll prevent yourself from being overwhelmed. You’ll also experience small victories, which help you gain positive momentum. This momentum can then carry over into your overall budget.

    2. Only make major purchases in the morning

    If you’re making large purchases in the evening, there’s a good chance you’re doing so after a long day and you’re probably tired.

    Why does this matter? Because our judgement tends to be off when tired – our willpower is compromised.

    Instead, only make major purchasing decisions in the morning when you’re energized and refreshed. Your brain will be firing on all cylinders and your resolve will be high. You’re less likely to give in and settle at this point.

    3. Don’t go to the grocery store hungry

    Have trouble with impulse buys at the grocery store? If so, there’s a good chance you’re going grocery shopping while hungry.

    The problem here is that when you’re hungry, everything looks good. So you’re more likely to make split decisions on things that aren’t on your grocery list.

    Advertising

    Instead, make sure you eat prior to your grocery store trip. Then take your list, along with your full stomach, and go shopping. Notice how food doesn’t look quite so good when you’re not fighting cravings.

    4. Read one-star reviews for products

    Is there a product you just have to have (but maybe not really)? Check out the one-star reviews.

    By reading all the horrible reviews, you may be able to basically trick yourself into deciding that the product isn’t worth your time and money.

    Next thing you know, you didn’t make the purchase, you saved the money, and you feel good about the decision.

    5. Never buy anything you put in an online shopping cart until the next day

    If you are making a purchase online, it’s typically a two-step process. First, you click “Add to Cart” and then you go in to review your cart and pay.

    The problem is that there not typically much reviewing during step two. It’s generally click pay and there you go. However, this is the perfect point to stop for reflection.

    Once you add to your cart, your best bet is to step away until the next day. Let the item sit there and grow cold, so to speak.

    This gives you a night to “sleep on it” and decide if you really want and need to spend that money. If you wake up the next day and still find the purchase viable, then perhaps it’s time to go for it.

    6. Don’t save your credit card info on any site you shop on

    One of the other pitfalls of shopping online is that fact that most sites ask you to save your credit card information.

    While the sites will frame it as a method of convenience, the truth is they know you’ll spend more money in the long run if your credit card information is saved.

    The “convenience” takes away one last decision-making point in the purchasing process. True, it’s a pain to get out your credit card and enter the information every time. But guess what? That’s the point. If that inconvenience helps you stay on budget, then it’s worth it. Which leads into the next tip.

    Advertising

    7. Tape an “impulse buy” reminder to your credit card

    Credit cards make spending much easier than cash. When you spend cash, you can literally see your wallet emptying. A credit card comes out, then goes back in. No harm, no foul.

    That’s why it’s a good idea to tape a reminder to your credit card. Customize a message that is something along the lines of “do you really need this?” or “does it fit the budget?”

    That way when you pull out the card, you get one last reminder to help you question your decision and stick to your budget.

    8. Only use gift cards to shop on Amazon

    Amazon is probably the easiest place online to blow money. It’s just so easy to click and buy. However, one way you can slow the process down is buy only using gift cards. Here’s how it works.

    If you plan on making a purchase on Amazon, go to the grocery store and purchase a pre-loaded Amazon gift card of the proper amount. There’s no convenience fee, so you literally pay for the money you’ll spend.

    Now take that gift card home and load it to your Amazon account. There’s your money to spend.

    Why does this help? It makes you have to purposely go to the score and purchase the card in order to purchase the item. That’s a pretty deliberate thing that takes some time, commitment, and thought.

    This process will effectively kill the impulse buy.

    9. Budget using cash and envelopes

    As mentioned earlier, it’s a lot harder to spend cash than swipe a credit card. You can take this even farther by using only cash, and separating that cash by budget category.

    Create an envelope for each category and stick the cash in there at the beginning of each month. When the envelope is empty, no more spending on that category, unless you borrow from another (be careful of that approach).

    This can be pretty helpful for people that have a hard time following transactions in their checking account, or keeping a budgeting spreadsheet.

    Advertising

    The envelopes simplify the tracking process, leaving no room for error. Nothing hides from you because it’s tangible in the envelopes in front of you.

    10. Join a like-minded group

    Making the decision to stick to something like budgeting is difficult. It takes long-term commitment.

    You’re going to feel weak sometimes. And sometimes you may fail. That said, support from others can help strengthen resolve.

    Support can come from a spouse or a friend, but they won’t always have the exact same goal in mind. That’s why it’s a good idea to join a support group that’s likeminded.

    No need to pay here, as there are tons of free communities that fit the bill online.

    For example, reddit has multiple subreddits that deal with budgeting and frugal living. You can follow, subscribe, and get active in those communities.

    This will open your eyes to new tips and strategies, keep your goal fresh on your mind, and help you realize there are others dealing with the same struggles and being successful.

    11. Reward Yourself

    When you set a budget, it’s usually with a large goal in mind. Maybe you want to be debt free, or perhaps you want to see $10,000 in your savings account.

    Whatever the case, the end goal is great, but the end is often far away, making it hard to see the end of the tunnel.

    With that in mind, it’s a good idea to set mini-goals along the way. This helps you still look at the big picture but have something that’s attainable in the short-term to help with momentum.

    But don’t stop there – set rewards for yourself when you reach that small goal. Maybe it’s an extra meal out. Or a new pair of shoes.

    Advertising

    Whatever the case, this gives you something in the near future to look forward to, which can help with the fatigue that can result in pursuing long-term goals.

    12. Take the Buddhist approach

    You don’t have to be a Buddhist to recognize some of the wisdom in the teachings. One of the tenets of the philosophy involves accepting that we can’t have everything we want. And that’s okay.

    Sometimes you won’t feel good. Sometimes you’ll have cravings. You can’t deny them. But you can recognize them, accept them, and let them pass by. Then you move on.

    Apply this to the times you want to do things that will break your budget. You’re going to have the desire to eat out when you shouldn’t. You might want to stay out and spend too much at happy hour with your work friends.

    The feelings will come. Recognize them, accept them, but let them go.

    13. Set up automatic drafts to savings

    If you wait until you’ve spent all your budgeted money to deposit money into savings, guess what? You probably aren’t going to put any money into savings.

    It’s too easy to see that as extra money and end up using it to treat yourself.

    Instead, set up automatic savings withdrawals. That way, the money is marked and gone before you can even think about it. It becomes a non-issue. It’s no longer “extra.” It’s just savings.

    Conclusion

    Sticking to a budget can be difficult. No one is denying that.

    However, if you can do a few things to set yourself up for success, and put some practices in place to curb impulse buys, then you can (and will!) be successful sticking to your family budget.

    Featured photo credit: rawpixel via unsplash.com

    Read Next