I’m going to be hitting my 2 year mark of this crazy debt free journey in November. Over those 2 years, I have learned and improved my plan a lot. One of the biggest ways I have improved is the amount of money I bring in each month. If you had told me when I started this ride I’d be making $1,200 every month just in side income, I’d think you were nuts. But, it’s true. Find out how I make an extra $1,200 every month.
By far the best way I have added to my side income is private tutoring in my town. If you have a skill you can teach others, I definitely recommend this. People are willing to pay top dollar for someone who is highly skilled in something they want to improve in. Personally, I am a certified as an elementary teacher, special education teacher, and a reading specialist. I get the most interest in parents of younger kids who are struggling to develop their reading skills. Once you realize what you can tutor, there are plenty of sites that can connect you with families and handle payment.
On top of private tutoring, I also tutor through the school I work for in two different after school programs. One focuses on homework help and requires no prep work for me (it’s actually wonderful to not have to prep anything) and the other focuses solely on reading and writing and students must meet certain criteria to attend. Both of these are great ways to earn a little extra at work. I would consider this to be similar to those of you that can earn overtime. I don’t get paid based on my salary, but it is still extra money.
I have so many different families I provide different kinds of services to. Some I strictly babysit for, some I strictly drive their kids around to different activities. It all depends on what the families need, but I have found enough families that I no longer need to find more and I just work when I can. I found some through my family friends and others through Care.com. This is a great way to make extra money, especially when you find families that you get along well with.
It definitely took me a long time to see this really become a steady source of income and I definitely can’t rely on it. However, there have definitely been some months recently that I ended up living off less than my side income and my entire salary went straight to my debt pay off. How do you make extra money every month?