How to Make Extra Money During COVID-19
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This week we talked about ways you can earn extra money during COVID-19.
The panel included Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Christina Roman: Consumer Education and Advocacy Manager at Experian; Forbes Advisor; Beverly Harzog: Credit Card Expert and Consumer Finance Analyst for U.S. News; Paulina Likos: Investing Reporter at U.S. News; Take Charge America; Lawrence D. Sprung: CFP® President of Mitlin Financial, Inc; Dr. Barbara O’Neill: Owner/CEO of Money Talk; LaToya Irby: Credit Expert and Personal Finance Blogger; Patrina Dixon: Certified Financial Educator; and Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.).
Questions We Discussed:
Q1: Where can you find gigs and part-time work to earn extra money?
Q2: What are some temporary jobs in high demand during the coronavirus pandemic?
Q3: What are some job hunting scams to look out for and how can you protect yourself?
Q4: What are some creative ways to make money online?
Q5: What are some side hustles you can start while social distancing?
Q6: Where and how can sell your stuff online?
Q7: What are some ways to make extra cash renting out your stuff?
Q8: What’s the best cashback apps to score rewards for shopping and groceries?
Q9: Where can you find financial resources for workers and businesses affected by coronavirus?
Q10: Any final tips on how to earn some extra cash during COVID-19?
Retweet these insights from our community:
A1. “Pandemic pets” are a trend right now, but before adopting, consider that pets are a long-term financial commitment. Be certain that you can take care of all of pet’s needs, including their medical bills. #CreditChat
— Jennifer White (@Jennifer_Wwhite) October 28, 2020
A2: Many factors are at play when figuring out how much it’ll cost to adopt a pet, including: the pet’s age, if vaccinations are required, spay/ neuter fees and the shelter. Expect to pay anywhere from $75-350. #CreditChat
— Leslie H. Tayne, Esq (@LeslieHTayneEsq) October 28, 2020
A3: For a new puppy, you definitely want to invest in:
– dog food
– collar
– leash
– toys
– crate to keep it safe
– shampoo and grooming tools #creditchat pic.twitter.com/5N52EbIbr9— Kembala Evans (@Kembala) October 28, 2020
A4. Food as well at veterinary care, also keep in mind the animal could get sick so make sure to have extra money set aside just in case. depending on the breed grooming can be an ongoing expense #CreditChat
— Larry Sprung, CFP® (@Lawrence_Sprung) October 28, 2020
A5: If you can, groom your pet on your own. For food, if you order online you might be able to set up autoship to save money. #creditchat
— Ashley Jacobs (@collegecents) October 28, 2020
A6. I would budget at least $1,000 per pet, if you want to avoid taking out debt.
A recent @LendingTree survey found that only a quarter of pet owners could pay for a $1,000 emergency vet expense in cash! #CreditChat pic.twitter.com/4B3F0F8asF
— Erika Giovanetti (@erikaxgio) October 28, 2020
A7. Like all insurance, you’re gambling on what *might* happen. If you’re adopting an older pet or one with known health issues, pet insurance can definitely end up paying for itself and the some. #creditchat
— Take Charge America (@TCAsolutions) October 28, 2020
A7: Pet insurance doesn’t cover pets with pre-existing conditions, and if you adopt a senior pet, they might not be covered. Premiums are about $534 a year for dogs and $335 for cats. You might be better off putting that money in an emergency fund. #CreditChat
— American Consumer Credit Counseling (@ACCC_TalkCents) October 28, 2020
A7: An in-depth look at the pros & cons of pet insurance from @Investopedia. #CreditChat https://t.co/tF32lbDgFn
— Beverly Harzog (@BeverlyHarzog) October 28, 2020
A8: If you’re flying with pets, on average, it costs between $100-$125 to bring your dog or cat in the cabin. Keep in mind, their carrier will need to be up to the airline’s standards, so you may have to buy a new one for air travel. #CreditChat pic.twitter.com/eSr2Qklr9e
— American Consumer Credit Counseling (@ACCC_TalkCents) October 28, 2020
A9: Start a pet-sitting business or walk dogs for neighbors who aren’t home during the day, volunteer in a shelter, train service dogs or foster pets. Or start off with just one goldfish. 🙂 #CreditChat
— Beverly Harzog (@BeverlyHarzog) October 28, 2020
A10 Just because Pets are cute and furry doesn’t mean you should just adopt them. Make sure you are financially stable and can give time, tender, love, and care. They need it! #CreditChat
— * Ming Chan * (@mingfaichan) October 28, 2020
A10: Do your research on fees and typical expenses for the type of animal you’re looking to adopt. Many people don’t realize how expensive a pet can be & end up back in shelters as adults, less likely to be adopted. #CreditChat
— Leslie H. Tayne, Esq (@LeslieHTayneEsq) October 28, 2020
A10: Do your research on fees and typical expenses for the type of animal you’re looking to adopt. Many people don’t realize how expensive a pet can be & end up back in shelters as adults, less likely to be adopted. #CreditChat
— Leslie H. Tayne, Esq (@LeslieHTayneEsq) October 28, 2020