Find novel ways to boost income

If you simply can’t make ends meet, be creative in making extra cash, writes

ARE you always left with too much month at the end of the money? If you are struggling to stretch your monthly income far enough to cover all of your expenses and debt, you are not alone. According to chief executive officer of Debt Rescue Neil Roets, more and more financially stressed South Africans are faced with no choice but to turn to debt review for rescue.

In a story which appeared in Business Report recently, Roets said more than 250 South African families were losing their homes on a weekly basis to sales execution as they fell behind on their bond repayments, with a higher rate of repossession of both fixed property and motor vehicles this past year alone, when compared with previous years.

Adding to these woes, the downgrading of the country’s foreign debt to junk status by rating agencies Standard & Poor and Fitch, may hit consumers’ pockets hard as the price of petrol and food goes up.

How can consumers ensure they stay afloat or even manage to scrape a little money together to reward themselves with a holiday?

WorldVentures – a home for independent representatives who sell group travel packages – suggest taking on extra work to supplement one’s income.

In a statement issued by general manager Kemble Morgan last week, he suggested several opportunities, which are:

● Using your car to provide transport services locally; ● Cooking or baking easy dishes to sell at work; ● Volunteering with marketing companies to assist with surveys;

● Taking on house, baby or pet sitting for colleagues and friends;

● Tapping into your hobbies, interests or natural abilities to see how they can make you money; ● Joining a sales company; and ● Roping together social media friends and family and hosting an event – charging an entrance fee.