A thought about making more money…

I have been thinking about ways to save money lately – here’s an idea for making more money.

I COULD get a part time job and would likely have to commit 10-20 hours a week. I would probably make about $10/hour for a retail sort of position (waitressing would not work for me right now, because I have to wake up in the mornings and being tired would likely make my performance suffer).

Retail Option:

So lets say $10/hour * 10 hours/week = $100/week
Less taxes (lets say 30%) = $70
$70/week @ four weeks

If I did that every week I would take home about $280/month.

I would also have to spend more in gas to drive to a different job as well as consider the time constraints that would place on life and family commitments.

Option Work more at current job:

My current schedule is for 37.5hours/week. If I work overtime I lose the hours between 37.5-40. I can ‘bank’ overtime after 40 hours/week at straight time. This can be taken off at a later time or I can request to be paid out.

Lets say I worked an extra two hours every day (we have a serious amount of filing to do, and they are taking about hiring a temp – so I figure maybe this would work for a month or so if I can convince them to approve the OT).

That would give me 7.5 payable hours/week. My salary translates to an hourly rate of about $23/hour.

So 7.5hours/week * $23 = 172.50/week
Less Taxes (30%) and times four weeks equals about $483.

This option would mean no increase in commute or parking expenses. It would also only take away one ‘at home’ hour a day (I’m thinking of working 7:30am to 5:30 pm instead of my current schedule of 8:30am – 4:30pm).

IF I can get my bosses to agree with me – this could help pull in some extra funds. The BONUS is that I would only get paid when I asked for the $$ so I could ask once a month or after 3 months – this way, the large sum can be used towards my debt. Instead of a hundred or two bucks a pay which would be easier to frit away.

What do you think?

I think Jordan will tell me to just relax, and let the plans that I have in place have enough time to work.