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I sell stuff on Trademe
when some extra cash is needed. - LM, Kapiti coast.
Many people think they can get good pocket money by
delivering junk mail. THEY CAN'T! I did it for a few years
and I wouldn't pay young kids the hourly rate it works out
at! And also
it's hard work! If you live in an urban area ask your local
real estate agent if they want circulars delivered. They
tend to be a bit tight until you can satisfy them that
you're reliable but YOU set the pay rate, and if they don't
want to pay that much they can do it themselves. Once you
have a couple of regular clients, ask around local
businesses for the same work, but tell them you'll give them
a cheaper rate to deliver in areas where you're already
going. I charge real estate agents $70/1000 flyers and have
been told by 2 clients that I'm not charging enough! Add-on
work is $60/1000 which can give me a return of about $23/hr
cash! and it keeps me fit and healthy so I'll live
longer. I'd kill myself trying to earn that much from a junk
mail company - their average is about $4/hr overall. - SWB,
kids save for their own college fund by encouraging them
from a very early age to earn money by getting paid for what
they enjoy doing! Our little boy who is now three loves
dogs, so we offered to walk the neighbours’ dog for $5 a
week. It makes us get out for exercise and gives the dog
half an hour of much needed attention while their owner is
at work. I know it doesn't sound like much but each year he
earns himself $260 for his college fund so I'm calculating
by the time he is 18 he will have well over $4,000 towards
his college education - just from this hobby alone.
Similarly our daughter enjoys baking so every week we invite
her friends over to a baking session making simple things
like scones, biscuits, raisin buns etc. They are learning
something new and having fun. The mums are more than happy
to contribute $5-$10 for the ingredients and the pleasure of
not having to mess up their own house. We put half in the
kitty for the ingredients and half goes to my daughter’s
college fund so she can save between $10 and $20 each
week. If we are able to do something like this every week
until she is 18 she would have over $8,000! - Stephanie.
If you have time enter online competitions at
winstuff.co.nz. Also if there's a competition in the paper
or on a chocolate wrapper enter it.
I have won loads of stuff over the years.
From prams to make up, label clothing and more.
Lucky Break and That's Life are very generous and
have sent me cheques for photos i sent by email and forgot
only do your children get published in a magazine you get
$50! My children have also won prizes from these
for it - its fun and great receiving prizes in the post! -
If you are retired like me and have the time, sign up for
online surveys. I enjoy cashing in the points I earn for
$20 Farmers gift cards and some send cheques. Also I hate
waste so when my plants grow too big I divide them and pot
them up, once established I sell them on trade me. - Canny
I am on a low income
and started a coin jar in Feb 09, I only ever took money
out for the bus and I just took it to the bank and cashed
in (July 09), it turned out to be $309. Just goes to show
how quickly it builds up!! - Natz,
- I love going to second
hand shops. I have a friend who has a clothing recylce
shop and every 2 weeks it's a have price day, thursday and
saturday. Boy do I get bargains, big bags of toys for $2.
I save them up and then have a garage sale. The knitted
items I unravel and either chrocet or knit toys and
blankets, or ask around your mates for their spare wool.
GET CRACKING. - Dianne.
- Make computer games, do
typing (word processing) for others, or make custom-made
greeting cards. Come up with your own funny messages. –
- How about gathering golf
balls - water traps are the best so put on your wet suit and
get into it. But be careful as the tail of one good keen
oily ragger from the UK shows. He plunged the depths,
retrieving up to 1200 golf balls at a time. At around
50cents each for poor quality ball it was a nice little
earner. But his initiative landed him in jail. He got
sentenced to 6 months for theft, but after a public outcry
was released after only 9 days! The moral of the story:
there's money in golf balls, but ask first.
- I taught children to play
the recorder for 25 years. The last 10 years were the most
enjoyable because small groups of children came to my home
for lessons. There were no distractions or pressures, no
parents hovering nearby. There was time for fun as well as
tuition. Home tutoring is nothing new - but it is
particularly effective when it takes place in the tutor's
home and the pupil does not feel his parent's worries,
hopes, ambitions on his shoulders. All kinds of tuition
would be successful if conducted in the tutor's home, not
the pupils home - both adults and children could benefit.
Reading, computer skills, confidence building, making party
desserts, anything. - C.B.
The general principle is to
repay as much as you can as often as you can.
- Use windfall gains to make
lump sum repayments (eg an inheritance, the sale of a second
vehicle, an unised boat or varavan, etc).
- Have a coin tin. If you are
collecting coins at a rate of $20 a month, use this to
increase the repayments.
- Hold an annual garage sale.
use the proceeds for a lump sum mortgage repayment.
- Work overseas for a spell.
Rent the property out. Use your extra savings from a better
paying job and the rental income to increase repayments.
- Take on a part-time job with
all of that income going to mortgage repayment.
- Negotiate a lower interest
rate and use the interest savings to increase the capital
- Use any one of the money
making ideas suggested above to increase repayments.
fees. About 80% of all housing loans are fixed rate
mortgages. That means the interest rate is fixed for
anywhere between 6 months and five years depending on the
term. Because interest rates have fallen most homeowners
have missed out on the falling interest rates, and would
have to pay a “break fee” to the bank if they repay
early. But one fine-print reading oily ragger has discovered
that they were able to repayment up to $12,000 a year off
their fixed rate loan without incurring break fees. The
thing was they their mortgage was split into two fixed rate
loans with different terms so they were able to repay
$24,000 a year without getting stung with break fees. This
is the way to go for those paying say 9.5% on a fixed rate
loan and receiving 4% (less tax!) on savings in the bank.
Ask your bank if they allow partial repayment of fixed rate
loans without incurring a break fee.