How do you make money? - The DIS Discussion Forums

mom2meiko · 11-07-2009, 09:50 PM

OK - I can't believe I am posting this but like many people, my husband and I are seriously struggling with our finances these days. We are way behind on our mortgage and I am terrified that we may lose our home!

We're looking at what we can do to get some money quickly to pay off what we owe and have only come up with a couple of ideas...

1. He listed his car for sale - we will drop down to a one car family for a while. It's so less than ideal but not really sure what other option we have.

2. We're considering selling some of our art work but not sure how much of a market there may be for that at this time. Same with some of my grandparents antiques - I'm sure they would be horrified by the thought, but again, what other option do we have?

3. We're dipping into our retirement funds... He already dipped into his and can't do so again until his "loan" is paid back. I am looking into dipping into mine now... Not sure how much $$ is available, and we hate to do it but again, what other option do we have?

So my question is this - what other ways have you come up with to make some good money fast?

Liberty Belle · 11-07-2009, 09:52 PM

Is your Disney trip paid for? I guess you can't cancel that?

Other than selling things (including plasma) or getting extra jobs, I'm not sure what else you could do.

gillenkl · 11-07-2009, 09:55 PM

Your ticker says you have a disney trip in 2 months - can you cancel and get your money back? If you can't pay your mortgage - unless this trip is free, you may want to cancel.

Lisa_M · 11-07-2009, 10:01 PM

Do you work? If not, you should try to find a job. Any job. Maybe if you know some elderly people you could do odd jobs for them, like run errands, go grocery shopping and stuff.

I also agree on cancelling the Disney trip. There will always be time for a trip later when the finances are under control again.

samshane · 11-07-2009, 10:03 PM

About 1 1/2 yrs ago, things were tight for us so I went and got a part-time job which was exactly what we needed (I am also a freelance editor - but the pay from that was so sporadic, it was hard to do anything). The schedule works out perfectly with my kids as well. I know you are looking for something fast... that's my only idea. I agree with the others as well about your trip. Just something to consider if it is not paid for already.

GOOFY4DONALD · 11-07-2009, 10:10 PM

I also agree about cancelling. I think at 2 months out you wouldn't lose any money, if it is paid for. I am not one of those kind of people that likes to tell people what to do..I am also not a fanatic that stats one should not go to WDW unless they have no debt and 10 years of emergency money saved BUT...I couldn't go and enjoy myself if I though my house could be in forclosure when we returned.

HeyIt'sMe · 11-07-2009, 10:27 PM

Cancel your Disney trip.

I just can't wrap my head around someone stating ".....seriously struggling with our finances.....way behind on our mortgage.....terrified that we may lose our home!" yet they have a Disney trip ticker.

aka-mad4themouse · 11-07-2009, 10:29 PM

Quote:

Originally Posted by mom2meiko

OK - I can't believe I am posting this but like many people, my husband and I are seriously struggling with our finances these days. We are way behind on our mortgage and I am terrified that we may lose our home!

We're looking at what we can do to get some money quickly to pay off what we owe and have only come up with a couple of ideas...

1. He listed his car for sale - we will drop down to a one car family for a while. It's so less than ideal but not really sure what other option we have.

2. We're considering selling some of our art work but not sure how much of a market there may be for that at this time. Same with some of my grandparents antiques - I'm sure they would be horrified by the thought, but again, what other option do we have?

3. We're dipping into our retirement funds... He already dipped into his and can't do so again until his "loan" is paid back. I am looking into dipping into mine now... Not sure how much $$ is available, and we hate to do it but again, what other option do we have?

So my question is this - what other ways have you come up with to make some good money fast?

I agree with the others...cancel the vacation and put any money from it towards your immediate needs.

And if those previous DVC stays were because you own DVC, sell your ownership to help pay the mortgage. You'll get out from under the maintenance fees as well.

all4themouse · 11-07-2009, 10:38 PM

Where there is a will there is a way.... Some people Love him others hate him it worked for us daveramsey.com it is a LIFE changing deal be careful what you do and how you do it but it is worth a look. Good Luck........

Mathfailure · 11-07-2009, 10:59 PM

Earning more, and spending less, are the options.

But as someone who just recently moved from MA, the housing costs there are outlandish. Do you need to give up your home? I know that is a huge step, but if it going to be impossible to catch up and stay current, better to deal with it soon rather than when all your assets are diminished and you have nothing to start over with.

MrsGoofyMitchell · 11-07-2009, 11:04 PM

Can you look into getting your mortgage remodified? We just got under the HAMP program with our lender and it knocked off $350 a month.

I got a job working part-time in retail. I also sell a lot of stuff on Craig's List and do surveys and mystery shopping. I cut coupons like crazy!

a1tinkfans · 11-07-2009, 11:41 PM

Cancel the disney trip
IF dvc, sell it
Cells, reduce or cancel
Magazines, newspapers, coffee, take outs, fast food: eliminate
Call your utility company for a "budget plan" if offered
If tv is Cable, call to reduce that as well
If lawn service, snow service, tree service, cancel
SHOP around for HO and Auto (geico was amazing for us, literally saved me OVER 1K a year!)
Eliminate vacations until DEBT is paid...
Try buying BULK and Sales then FREEZE ...plan menus to avoid stores and impulse buys
Go ROOM to room, see what you can sell, Use Craigslist (no fees, CASH transactions)
Best of Luck to you and Your Family!!!

redrosesix · 11-07-2009, 11:55 PM

Quote:

Originally Posted by a1tinkfans

Cancel the disney trip
IF dvc, sell it
Cells, reduce or cancel
Magazines, newspapers, coffee, take outs, fast food: eliminate
Call your utility company for a "budget plan" if offered
If tv is Cable, call to reduce that as well
If lawn service, snow service, tree service, cancel
SHOP around for HO and Auto (geico was amazing for us, literally saved me OVER 1K a year!)
Eliminate vacations until DEBT is paid...
Try buying BULK and Sales then FREEZE ...plan menus to avoid stores and impulse buys
Go ROOM to room, see what you can sell, Use Craigslist (no fees, CASH transactions)
Best of Luck to you and Your Family!!!

ITA with all of this, especially canceling the trip -- it's not like you couldn't go later when you can really afford it, it will still be there (and I really wouldn't enjoy a trip that I knew I couldn't afford)

The choice between dipping into retirement funds and selling family heirlooms? Money is replaceable, but you may always regret selling the antiques. If you really have to sell them, see if somebody else in your family wants them first -- no point in starting a feud.

BelleWDW · 11-08-2009, 08:22 AM

Quote:

Originally Posted by mom2meiko

OK - I can't believe I am posting this but like many people, my husband and I are seriously struggling with our finances these days. We are way behind on our mortgage and I am terrified that we may lose our home!

We're looking at what we can do to get some money quickly to pay off what we owe and have only come up with a couple of ideas...

1. He listed his car for sale - we will drop down to a one car family for a while. It's so less than ideal but not really sure what other option we have.

So my question is this - what other ways have you come up with to make some good money fast?

Forget the art work and antiques-in this economy these things dont sell

Question-what has happened to change your situation? WHY are you not making your mortgage? Did you stop working when the baby came?

If YOU dont work-look into doing childcare for a couple kids from your home-or even after school care for kids whose mom works. Get a night job when your DH is home-like a cashier. Selling off a bunch of your stuff will NOT recoup several months mortgage payments-you need INCOME!

bigmama67 · 11-08-2009, 08:47 AM

We just refinanced our auto loan, shaved off 1%, and stretched it out from 4 years to 5. Our payments are almost $100 less per month.

When we bought our house in August, we needed a second car. We were paying exorbitant rates to insure just one car because we had had some small accidents in the past two years. We went to an agent here in town and got extra homeowners', plus policies on BOTH cars, and saved almost $800 a year over what we had already been paying (who knows what it would have been with the minivan added).

I'm going to start clipping coupons like crazy next! We take movies out of the library; don't even use Netflix. I'm trying to explore other options too.

11-07-2009, 09:50 PM	#1
mom2meiko Mouseketeer Join Date: Apr 2007 Location: MA Posts: 384	How do you make money? OK - I can't believe I am posting this but like many people, my husband and I are seriously struggling with our finances these days. We are way behind on our mortgage and I am terrified that we may lose our home! We're looking at what we can do to get some money quickly to pay off what we owe and have only come up with a couple of ideas... 1. He listed his car for sale - we will drop down to a one car family for a while. It's so less than ideal but not really sure what other option we have. 2. We're considering selling some of our art work but not sure how much of a market there may be for that at this time. Same with some of my grandparents antiques - I'm sure they would be horrified by the thought, but again, what other option do we have? 3. We're dipping into our retirement funds... He already dipped into his and can't do so again until his "loan" is paid back. I am looking into dipping into mine now... Not sure how much $$ is available, and we hate to do it but again, what other option do we have? So my question is this - what other ways have you come up with to make some good money fast? __________________ Family of Disney addicts: Mel (35), Dave (37) , Cora (2) , and Baby Jackson 2010 - Animal Kingdom Lodge - Kidani Village 2008, 2005 - Villas @ Wilderness Lodge 2006 - Old Key West 2004 - Grand Floridian 2002 - Wilderness Lodge/Disney Wonder 2000, 1998, 1988 - Off-site 1996 - Disneyland 1979 - Fort Wilderness

11-07-2009, 09:52 PM	#2
Liberty Belle I'm terrified my first tag will be "W's cousin" Hey, I warned you. Now go have a drink. It's the only thing that takes it away Makes sleestack noises when her throat itches Join Date: Aug 2006 Location: Kentucky Posts: 8,738	Is your Disney trip paid for? I guess you can't cancel that? Other than selling things (including plasma) or getting extra jobs, I'm not sure what else you could do. __________________ You can be active with the activists or sleep in with the sleepers, while you're waiting for the great leap forward

11-07-2009, 09:55 PM	#3
gillenkl DIS Veteran Join Date: Feb 2006 Location: in the tiki, tiki, tiki, tiki, tiki room Posts: 735	Your ticker says you have a disney trip in 2 months - can you cancel and get your money back? If you can't pay your mortgage - unless this trip is free, you may want to cancel. __________________ 1972, 1976, 2007 and 2009 - camping at Ft Wilderness 2006- POFQ 1993- Poly Honeymoon DS10 DD10

11-07-2009, 10:01 PM	#4
Lisa_M DIS Veteran Join Date: Feb 2006 Posts: 2,221	Do you work? If not, you should try to find a job. Any job. Maybe if you know some elderly people you could do odd jobs for them, like run errands, go grocery shopping and stuff. I also agree on cancelling the Disney trip. There will always be time for a trip later when the finances are under control again. __________________ Me DH DD My baby is now 2 years old!

11-07-2009, 10:03 PM	#5
samshane Mouseketeer Join Date: Oct 2005 Location: WA state - but forever a New Englander Posts: 263	About 1 1/2 yrs ago, things were tight for us so I went and got a part-time job which was exactly what we needed (I am also a freelance editor - but the pay from that was so sporadic, it was hard to do anything). The schedule works out perfectly with my kids as well. I know you are looking for something fast... that's my only idea. I agree with the others as well about your trip. Just something to consider if it is not paid for already. __________________ Sam Mom to DD10 , DD9 , and DS7

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11-07-2009, 10:10 PM	#6
GOOFY4DONALD DH finished his plate at 50's Prime Time. They were so proud they made it a Hidden Mickey! Join Date: Aug 2006 Location: Montana Posts: 2,779	I also agree about cancelling. I think at 2 months out you wouldn't lose any money, if it is paid for. I am not one of those kind of people that likes to tell people what to do..I am also not a fanatic that stats one should not go to WDW unless they have no debt and 10 years of emergency money saved BUT...I couldn't go and enjoy myself if I though my house could be in forclosure when we returned. __________________ Disneyland 1975-Present...Too Many Times To Count WDW 2007 Our First Trip FW Cabins WDW 2009 Polynesian WDW 2010 Our Beloved Fort Wilderness

11-07-2009, 10:27 PM	#7
HeyIt'sMe For Tag Fairy's Use only That weed whacker just intimidates me somethin' fierce! Join Date: Oct 2006 Location: Indiana Posts: 1,895	Cancel your Disney trip. I just can't wrap my head around someone stating ".....seriously struggling with our finances.....way behind on our mortgage.....terrified that we may lose our home!" yet they have a Disney trip ticker. __________________ Me DH DD (Contemporary)-Nov 1975, (Offsite)-Jun 1985 (Polynesian)-Oct 1991, Oct 1993, Sep 2000, Oct 2001, Sep 2002, Oct 2003, Oct 2004, Oct 2006, Oct 2008 Trip Planning in Progress: October 16-21, 2010

11-07-2009, 10:38 PM	#9
all4themouse Earning My Ears Join Date: Nov 2009 Location: Between here and there! Posts: 50	Where there is a will there is a way.... Some people Love him others hate him it worked for us daveramsey.com it is a LIFE changing deal be careful what you do and how you do it but it is worth a look. Good Luck........

11-07-2009, 10:59 PM	#10
Mathfailure Mouseketeer Join Date: Nov 2009 Location: Ohio Posts: 169	Earning more, and spending less, are the options. But as someone who just recently moved from MA, the housing costs there are outlandish. Do you need to give up your home? I know that is a huge step, but if it going to be impossible to catch up and stay current, better to deal with it soon rather than when all your assets are diminished and you have nothing to start over with.

11-07-2009, 11:04 PM	#11
MrsGoofyMitchell Mouseketeer Join Date: Dec 2006 Posts: 205	Can you look into getting your mortgage remodified? We just got under the HAMP program with our lender and it knocked off $350 a month. I got a job working part-time in retail. I also sell a lot of stuff on Craig's List and do surveys and mystery shopping. I cut coupons like crazy! __________________ 2003-Offsite 2004-Offsite 2005-Offsite 2006-Port Orleans Riverside! Our Honeymoon! 2007 September--All Star Music Resort 2010 February--All Star Movies-Our DS's first trip!!

11-07-2009, 11:41 PM	#12
a1tinkfans Spreading Some Pixie Dust Today! Join Date: Aug 2006 Posts: 4,725	Cancel the disney trip IF dvc, sell it Cells, reduce or cancel Magazines, newspapers, coffee, take outs, fast food: eliminate Call your utility company for a "budget plan" if offered If tv is Cable, call to reduce that as well If lawn service, snow service, tree service, cancel SHOP around for HO and Auto (geico was amazing for us, literally saved me OVER 1K a year!) Eliminate vacations until DEBT is paid... Try buying BULK and Sales then FREEZE ...plan menus to avoid stores and impulse buys Go ROOM to room, see what you can sell, Use Craigslist (no fees, CASH transactions) Best of Luck to you and Your Family!!! __________________ 15+ off site, Dates we know for sure: 6/93 Dixie Landings, 5/95DL/GF, 5/96DL, 5/97DL, 6/98DL, 6/99POR, 6/00POR, 4/01POR, 6/02POR, 6/03POR, 6/04POR, 8/06POR, 12/06AKL, 8/07POR, 8/08POR, 8/09POR, 6/10 POR, 10/10 Contemp

11-08-2009, 08:47 AM	#15
bigmama67 Mouseketeer Join Date: May 2007 Location: Nutley, NJ Posts: 163	We just refinanced our auto loan, shaved off 1%, and stretched it out from 4 years to 5. Our payments are almost $100 less per month. When we bought our house in August, we needed a second car. We were paying exorbitant rates to insure just one car because we had had some small accidents in the past two years. We went to an agent here in town and got extra homeowners', plus policies on BOTH cars, and saved almost $800 a year over what we had already been paying (who knows what it would have been with the minivan added). I'm going to start clipping coupons like crazy next! We take movies out of the library; don't even use Netflix. I'm trying to explore other options too.

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