Welcome, visitor! [ Login

Post an Ad

How to Increase Your Monthly Income

Financial recovery May 19, 2022

Increase Your Income

Let us look at several more scenarios and discuss how each person or persons might increase their income. You may be able to apply these tips to your own situation. [Alternatives to the scenarios include having participants’ list ways they can increase their own income, or having participants pair off and each person share two to three ways they can increase their income.]

 

Samar was doing well financially until he was laid off from work. He has not been able to find work yet, and is concerned about how he is going to pay his bills because he has almost depleted his savings. What steps could he take to increase his income?

Possible answers may include:

  • Seek unemployment assistance if applicable.
  • Update his resume and search for a new job.

Note: when there are more unemployed people than available jobs, you need to change the way you look for a job. Sending out a resume may not be enough. Find ways to network (e.g., use social media, attend networking events, and ask your friends and family to share your resume with people they know).

  • Take on a part-time, freelance, or temporary job in his field or similar field.
  • Enroll in a training program to learn a new skill or increase his job skills, if there is little opportunity for employment in his current field.
  • Sell some of his assets (e.g., an extra vehicle).
  • Rent out an extra bedroom in his home.
  • Use a talent or hobby to increase his income.

 

The Jacksons’ home was recently destroyed by a (select what is most applicable for your area: hurricane, tornado, flood, earthquake, etc.). They did not have adequate insurance coverage to cover the damages. How might they increase their income?

Answer: Whether the Jacksons’ are still employed or unemployed due to the disaster, they may be able to use some of the previous answers to increase their income. They may also be able to receive loans or  assistance from local, state, and national agencies, including:

  • The Federal Emergency Management Agency (FEMA)
  • The Small Business Administration, which offers disaster-relief loans
  • Local city or county government or non-profits that offer loans or assistance (e.g., property tax relief)
  • American Red Cross

 .

No Tags

761 total views, 2 today

  

  • FAIR DEBT COLLECTION PRACTICES ACT

    by on August 20, 2022 - 0 Comments

    FAIR DEBT COLLECTION PRACTICES ACT   The federal law, the Fair Debt Collection Practices Act (“FDCPA”), protects consumers from abusive or harassing, false or misleading, and/or unfair practices of third party debt collectors or attorneys attempting to collect debts incurred for personal, family, or household purposes. Business or agricultural debts are not covered by the […]

  • Debt Collectors -Recovery Services - FL & AL

    by on September 13, 2022 - 0 Comments

    Entity Address Telephone CenterOne Debt Management Services LLC 6150 Omni Park Drive, Mobile, AL, 36609 (251) 639-7500 Medical Data Systems, Inc.  Medical Revenue Service 645 Walnut Street, Suite 5, Gadsden, AL, 35901 (256) 546-7099 Firstsource Financial Solutions, LLC 7715 NW 48th Street, Miami, FL, 33166 (305) 513-5500 Bayview Loan Servicing, LLC 4425 Ponce De Leon […]

  • Debt Collectors -Recovery Services

    by on August 31, 2022 - 0 Comments

    Entity Address Telephone A.C.B. American, Inc. 4351 Winston Avenue, Covington, KY, 41015 (859) 261-8745 Advanced Collection Services LTD Mastercheck 55 Whiting Street 2A, Plainville, CT, 06062 860-793-2255 Advanced Collection Services LTD Mastercheck 55 Whiting Street 2A, Plainville, CT, 06062 860-793-2255 Affiliated Group, Inc., The  Affiliated Credit Services 3055 41st Street NW, Suite 100, Rochester, MN, […]

  • Credit Counseling & Auto and Home Loans

    by on July 28, 2022 - 0 Comments

      Credit Counseling   If you aren’t disciplined enough to create a workable budget and stick to it, can’t work out a repayment plan with your creditors, or can’t keep track of mounting bills, consider contacting a credit counseling service. Your creditors may be willing to accept reduced payments if you enter a debt repayment […]

  • Credit Counseling Courses and Financial Management Courses : Delaware (DE) USA

    by on September 7, 2022 - 0 Comments

    Financial Management Instructional Courses /Debtor Education Agencies Name,  Website , Courses Offered & Languages Supported  Debtor Education Agencies   address 1st Choice Credit Counseling & Financial Education a/k/a DBSM, Inc.         Website – www.mybknow.com:      Financial Management Instructional Courses (Debtor Education) Delivery Method – Internet :   Language (other than English) in which the service method is provided, either […]