5 Reasons Why You Should Consider a Seasonal Job This Year

A seasonal job can be more appealing than you think. When provided an opportunity to generate some extra income, you should take it. There is even more incentive if it means reaching your financial goals faster. Finding those opportunities can be few and far between, but a seasonal job is a great option to earn some extra money during the summer or around the holidays.

Seasonal jobs are a great way to make money while incorporating your hobby.

Seasonal jobs are a great way to make money especially by doing things you already enjoy.

5 Reasons to Consider a Seasonal Job

1. A Variety of Seasonal Opportunities 

Other than the obvious reason, seasonal jobs exist in a variety of interesting fields. If you have a specific hobby, you could look into seasonal positions using your skills. For instance, if you are an avid skier or snowboarder, why not work a winter at a ski resort? Not only will you get some extra time on the slopes for a (possibly) discounted rate, but you also get to make money working somewhere that actually interests you.

However, you don’t need to travel to find a season job. The same idea applies even in your local community. If you enjoy shopping, ask about job opportunities the next time you visit your favorite stores. In addition to working in a place you like, you can also get employee discounts.

2. Greater Potential to Travel 

Are you looking for an excuse to travel more? If you don’t have a full-time job or a remote position, you may want to consider a seasonal job. Vacation resorts and tourist destinations often have many temporary employment options. During the high season and holidays, many places are glad for the additional help. You can use this type of job as an excuse to see a new place while also keeping your bank account stable.

3. Flexible Schedules with Seasonal Jobs

Often, seasonal positions entail working outside normal hours, particularly when you are working at a store. Because of this, you have the perfect chance to earn side income in addition to your full-time wages. This allows you to make more money and worry less about fitting an additional job in your schedule. Putting the extra money toward investment opportunities or savings accounts would be an excellent use of funds.

4. Obtain New Connections

The more people you meet, the more job prospects you create for yourself. As you expand your network and gain a good reputation around the workplace, you leave your footprint. This is important for networking and obtaining references for future employment. Just remember to make that first impression long-lasting and favorable.

Some seasonal positions also intend to keep the best of the best. If you can see yourself working your way up the company ladder, it’s a great way to get your foot in the door. In addition, if you are currently looking for a full-time job, this is just another way to help you along your career path.

5. Learn New Job Skills 

There is always something to gain from every job, whether it is learning a new skill or grasping a concept of smart business. Seasonal jobs improve your resume in multiple ways. First, they increase or enhance your expertise in a new industry. It can even be something as simple as better customer service skills. Second, it improves your interviewing skills and builds your overall resume.

Not only do you learn new things, but you are also absorbing this information in a short amount of time. This is also an excellent point that can be included when applying for your next position.

How to Find a Seasonal Job

If you are unsure where to begin searching for a seasonal job, the easiest and most convenient answer is online. There are literally dozen of job sites out there that cater specifically to seasonal jobs and temporary position. A quick search will bring you to local postings in your area.

Another great way to land a seasonal position is to start asking around. Friends and family are great resources, so utilize them! Some of the best seasonal jobs may not even be advertised. Furthermore, you can also ask about available positions in stores and places of business you visit often. If you are hesitant to be in public and prefer to work from home, there are also sites that can help you find ways to work remotely. You never know what opportunities are out there until you start looking.

Overall, seasonal jobs have the capacity to be quite the rewarding experience. They offer several benefits from the people you meet to the different opportunities they provide. Moreover, you can test the waters in new career fields. It allows you to see where you want to be and consider what you want to do for the rest of your life.

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What to Do When You Have Too Many Bills and Not Enough Income

If you dread opening the mailbox because of monthly bills, it may be time to evaluate your financial situation. Having too many bills and not enough income is a major red flag. It likely means you are exhausting your income which leads to debt. You are jeopardizing yourself even further when you use credit cards to make it from month to month. If this sounds like you, here are a few tips to help put you in the driver’s seat and take control of your personal finances.

What Do You Do When You Have Too Many Bills and Not Enough Income?

Take Control if You Have Too Many Bills and Not Enough Income

Balance Your Books

The first thing you must do it to balance your books to see why you have too many bills and not enough income. Inventory all your bills and outgoing payments within a month. Write it out instead of pulling it from memory to be certain you don’t miss anything as well.

The easiest place to begin is with your monthly statements. It can be overwhelming if you have a lot of bills coming in each month. Break them into smaller categories like utilities, loan, and credit card payments and deal with them one by one. If you tend to forget payments, set up electronic ones online. Then you will never have to worry about late fees or other penalties again.

Review the Monthly Budget

As you are looking over those monthly bills, pay attention to the larger expenses on your credit card statements. This is a great way to review your family’s spending habits and see where all your extra cash is going every month. Those micro-transactions for fast food, coffee, and other daily expenses add up quickly. Enforcing a little self-control and sticking to the budget saves more money than you might think.

Another way to reduce your monthly spending is by getting rid of unnecessary expenses. Eliminate subscriptions, memberships, or services that you are not fully utilizing. You can also look for bundled or packaged services for insurance and telecommunications. Be sure to shop around and compare prices to get the best prices possible.

Eliminate Your Debts

The next step to regain control of your finances to tackle your debts. Contact any lenders or collection agencies where you owe money. Discuss settlement and repayment plans to get you out of the red. Often times, you can negotiate for manageable terms since they are willing to work with you.

If you have considerable credit card debts, you may want to consolidate your debt into a single monthly payment. You can do this with a refinancing loan or go through a debt relief agency to negotiate on your behalf. You will usually get lower interest rates as well.

Increase Your Income

Of course, the easiest way to solve this is to get more income. First, look for opportunities to earn more at your current job. You could pick up extra hours, ask for a raise, or go after a promotion. It is much simpler to increase earnings at a job you already have than to find a new one.

However, if you still have too many bills and not enough income, you may consider a second job. Another option is to search for ways to earn passive income. This could be the perfect time to turn your hobby or services into a small business venture.

No Excuses

Finally, you cannot make excuses for your poor decisions. Avoiding your financial issues won’t solve anything. Furthermore, small issues will easily grow into more serious problems the longer you look away. You must be brutally honest with yourself to get spending habits and debts under control. Rationalizing your behavior is not helpful or beneficial for your financial health.

It takes sacrifice and discipline to reach your financial goals, no one can do the work for you. Most importantly keep a positive outlook and remind yourself that you are capable. You should also find ways to motivate yourself to continue moving towards your ultimate goals. It can be a long and arduous process, but there are ways out of financial hardships towards a more secure future.

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Financial Mistakes to Avoid as a Recent College Grad

 

Mistakes to avoid financially as a recent college grad

Mistakes to avoid financially as a recent college grad

Mistakes are unavoidable, but you should be especially careful when it comes to your finances. As you prepare to graduate college, you also prepare for the “real world.” You’ve spent the last four years obtaining as much knowledge as possible in your field, applying for jobs, and writing your resume. Graduates beware, student loans are the second-highest form of personal debt. And with college debts increasing, it is more important than ever to have a smart financial strategy in place. A solid plan will help you avoid as many mistakes as possible.

By taking a step ahead of your peers in choosing wise investments, you can create healthy habits. This not only improves your personal finances for years to come but also avoid future debt issues.

Financial Mistakes to Avoid after Graduation

Financial mistakes can be easy to make, but there are ways you can avoid them.

Mistake #1: Having no credit.

Everyone talks about saving money, and we are no different. Unfortunately, all this talk about savings has college graduates a little hesitant to take out loans or credit cards. This is due to the fear of creating an overwhelming debt they can’t repay. Plus, not to mention, college already creates heavy financial obligations. Furthermore, it is increasingly harder for those under 21 to sign up for a credit card with no existing income. So, what’s a newbie to do? Build your credit history slowly and regularly by opening accounts and using your own credit cards.  Making consistent payments by or before the due dates establishes a good credit history.

Why this is important: When you want to make big, future purchases, like a house, you will have a hard time being approved for a loan. Lenders may require a co-signer or collateral if you have no credit. When I was still in college, I bought my first car with cash I had saved from my summer job. Not long after graduating, I needed to purchase a new vehicle. This proved to be a challenge due to my lack of credit. Over the years, I have been able to develop a favorable credit score by paying off a credit card and the loan for my vehicle. Had I started to build credit sooner, I wouldn’t have struggled so much to get the car I needed.

Mistake #2: Not having a plan.

Having a limited or non-existent financial plan is one of the biggest mistakes recent college grads make. As a poor college student, you are lucky if you have two pennies to rub together as you battle the choice of groceries or rent. When you land that first job out of school though, it can be easy to fall into poor spending patterns very quickly. To avoid this, cut back on unnecessary expenses like going out to eat.  Spend more time enhancing your cooking skills and spreading out your personal purchases. Instead of buying everything for your new apartment at once, budget your expenses over time. Additionally, focus on always paying bills first at the beginning of every month. Then, you know how much is still available in your accounts to last the rest of the month.

Why this is important: Money adds up quickly. So, developing these positive habits sooner can save you not only hundreds but possibly thousands per year.

Mistake #3: Waiting to save and worrying about finances later.

Consider consulting with or finding a financial mentor to help you along this new journey. Waiting to save or pay off student loan debt can cause major inconveniences in your future. Knowing where to invest savings is also tricky, but a certified financial specialist can help you. Try the Digit.co app to automatically save up and pay debts and also try to contact friends from college with a finance degree who may be willing to provide some advice at no charge as they begin their careers.

Why this is important: The sooner you start paying down those student loan bills, the better your overall financial situation. If you were to plug your debt numbers into this student loan calculator tool, you may be appalled at the time frame it will take you to pay it all off. The minimum monthly payments barely cover the interest. Plus, creating a savings account and emergency fund will keep you out of sticky financial situations.

Mistake #4: Not investing early.

Time is the greatest benefit you can give yourself when it comes to investing. Even if you are only contributing a few hundred dollars each year, compounding interest rapidly grows your investments over time. Instead of blowing any extra cash you receive, put it away to help provide some financial security for the future. Try the Robinhood app for this, this is the best app for beginner investors like you.

Why this is important: You are only working against yourself the longer you wait to start investing and planning for retirement. Even with minimal contributions, you can create a significant amount of money the earlier you begin. With a little forethought, you can provide a security net and a nice retirement fund.

By thinking about your future now, you can avoid these common financial mistakes recent college grads make. At the same time, you are also building yourself a nice, comfortable financial safety net.

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