Americans racked up more than $1,000 in holiday debt each, on average, at the end of 2018, according to MagnifyMoney's annual post-holiday debt survey. And analysts expect holiday spending to rise 5% this year, according to a new online survey from The Harris Poll and OpenX, an ad exchange network, that polled 2,000 shoppers in August.
Smart budgeting and shopping the sales can help you cover those expenses. Or you could look for ways to make more money ahead of the holidays.
"It is a great year for people to take a look at seasonal jobs — you can earn a lot and [companies] are hiring already," says Kathy Kristof, cofounder and editor at SideHusl.com, told Grow recently. "You have plenty of time to make the money you're going to spend on the holidays, which is really nice because so many people go into debt over the holiday season and that's not necessary anymore."
Here are some straightforward and relatively painless ways to earn more money over the holidays.
Big companies including Amazon, UPS, and Target have announced plans to boost seasonal hiring this year. In addition to regular pay, you might also be able to take advantage of perks like employee discounts, flexible hours, and help paying for college. Check out your local stores to see what's might be the right fit for you.
Some side hustles are specific to this time of year. Whether you'd like to work at a holiday market or tree stand or wrap other people's gifts, you have an array of choices if you want to bring in some extra cash.
Video by David Fang
Think about ways that the holidays, or even just winter weather, could help you bring in more money from your regular side hustle. For example, if you already pet-sit, you might be able to pick up a few more short-term clients while people travel over the holidays. Or, if you're a ride-share driver, you could take advantage of surging prices on travel-heavy days around Thanksgiving and New Year's Eve.
More from Grow: