Welcome, visitor! [ Login

Post an Ad

How to Increase Your Monthly Income

Financial recovery March 1, 2024

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

1433 total views, 2 today

  

  • WHAT TYPE OF DEBT COLLECTION PRACTICES ARE PROHIBITED?

    by on June 6, 2024 - 0 Comments

    WHAT TYPE OF DEBT COLLECTION PRACTICES ARE PROHIBITED?   Harassment Debt collectors may not harass, oppress, or abuse any person.  They may not:   *  use threats of violence or harm to the person, his/her property, or reputation;   * publish a list of consumers who refuse to pay their debts (except to  a credit […]

  • FAIR DEBT COLLECTION PRACTICES ACT

    by on June 2, 2024 - 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 June 26, 2024 - 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 […]

  • Personal Financial Management Course (Debtor Education) Providers :Alabama Southern

    by on July 2, 2024 - 0 Comments

    List of  Personal Financial Management Course (Debtor Education) Providers #02 Certificate Class 713 Preston Place Grapevine, Texas 76051 Toll Free:  (888) 533-3423 Phone:     (817) 533-3423 Fax:          (817) 533-3423 Web: www.jjandpartners.com Allen Credit and Debt Counseling Agency 195 Brook Street E Wessington, SD 57381 Toll free:   (888) 415-8173 Phone:     (605) 458-2500 Fax:         (605) 458-2506 Web: www.acdcas.com Alliance Credit Counseling, Inc. […]

  • Debt Collectors -Recovery Services

    by on June 13, 2024 - 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, […]