Thursday, December 30, 2010

The Best Way to Save is to Earn

There are two sides to saving money. One is managing your expenditure and the other is maximizing your earnings. After all, you can't save more than you earn.

So to supplement my income I have explored several Work at Home Mom (WAHM) type jobs, and I've got to tell you I love them. They serve as creative outlets as well as sources of income. And they are flexible, they work around your schedule and you can do them in your pajamas.

Growing up, I always thought of myself as writer, but I never thought my scribbling hobby would earn me money. Then I heard about Demand Media Studios. This content mill generates articles for ehow.com, trails.com, livestrong.com and several other websites. They hire writers, titlers, copy editors and video artists. When I first signed up I wondered if it was worth it. Then I got my first paycheck.

I was writing short articles for ehow.com and getting paid from 7.50 to 15.00 an article. Considering the fact that these articles were not Pulitzer Prize material and could often be written in less than an hour, I was making a decent amount of money given the time I invested. I was working in spare hours, while watching TV or waiting for the laundry to finish. I quickly caught on to the style of writing which made things faster, less of my articles needed rewrites. I also qualified to write for Livestrong.com which bumped my article pay to 20$ per article. It also made it easier to find writable titles.

I know some of you are wonder if my dabbling in my spare time could actually earn me any significant money. Are those measly 20$ an article worth my effort? After six months of devoting minimal time and planning to this I have earned about 1,700 dollars. Some of that will go to Uncle Sam, but the rest is all going to my savings. So yes, I think it was worth it. And if I sat down and focused on working out a schedule and some goals I could probably earn way more.

I've tried several other WAHM opportunities but this is by far, the one that worked best for me.

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