We live in a world where the pressure to spend money is stronger than ever. Everywhere we go, we are surrounded by advertisements. Advertisers have strengthened their ability to make people want something, usually by making us feel like we need it. Sometimes the feelings we get after seeing an ad make it really hard for us to resist impulse buying and prevent us from saving.
Why save if you have enough money to buy everything you want? Well, different people save for different reasons. For your stage of life, you’re likely thinking about a car, a trip with friends, money for college, or an item you really want but can’t afford at the moment.
Sometimes school activities can interfere with holding a part-time job, or maybe you’re simply not old enough to begin working yet. Whatever the obstacle, here are four realistic ways to make extra cash:
1) Winter weather brings excellent business opportunities. Go to every house in your neighborhood and ask if you can shovel their driveway for $10 to $30, depending on the length of the driveway. Some people are uneasy about one person approaching their door and offering services so it may be best to round your friends up and work together. Working with your friends may be a better approach because it is safer, more efficient, and may not put off potential customers. If you do your job well, you will likely have loyal customers in the future.
Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.
Are you heading off to college this fall? Don't forget to take your credit union along with you!
Anyone who currently has or has had credit cards or loans has a credit history with Credit Reporting Agencies. These agencies provide credit reports upon request. A credit report contains information about where the person works and lives and how they pay their bills. It also may show whether they have been sued or arrested or have filed for bankruptcy. Businesses use this information to evaluate applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA).
What is an entrepreneur? It is a person who organizes, operates, or takes on the risk of a business venture.
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A lot of people worry about their credit and many financial experts devote much of their time to encouraging people to think about it. So what is it about this thing called credit that’s so important?