DULUTH, Ga. (9/24/14)--In order to make the holiday season merry and bright, more than 46% of respondents to a Georgia Credit Union Affiliates (GCUA) survey said they would look for ways to earn extra money.
Almost 24% said they hoped to make more than $1,000, according to GCUA's midyear consumer survey.
More than 14% said they were going to look for seasonal work, and another 13% plan to work overtime at their current job.
Another way of earning cash during the holidays is to do what you love most, advised Sheilah Montgomery, CEO, CU of Atlanta, with $76 million in assets (Consider This Sept. 22).
"This is a great time to earn extra money by doing what you love most--gift wrapping, quilting, creating unique gift baskets, baking delicious pastries (or) cakes, and making beautiful crochet hats," Montgomery said. "Get started early by taking samples to work, school and church. Take orders and be prepared to earn extra cash for holiday spending."
Montgomery noted that holiday spending plans can begin now as well. "Set personal goals for your holiday spending, then have fun shopping for bargains and sales," she said, adding, "Spend less with no stress by shopping smarter."
Purchasing gift cards can control impulse buying and tamp down pressure to buy the perfect gift, Montgomery said. "Start buying a gift card from the credit union every two weeks to avoid overspending," she advised.
She also suggested using a holiday savings club account at a credit union to tuck away money over the course of the year.
GCUA's Consider This also offered tips for those who are planning to work seasonal jobs: