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Earn Money from Home to Pay off Debt

Debt is a serious problem in the United States. The national debt is now around $20 trillion (that is 20 and 12 zeroes behind it). College students can borrow up to six figures to earn a degree. This is a very big deal for new college students, because they graduate with a ton of debt that hampers their ability to get ahead in life. Earning some extra money in spare time can help toward paying off debts and help debtors start to get ahead in their finances.

Debt Can Cause Stress
Debt can cause stress!

Debt That’s Not Bad

Some debt can be necessary or even advisable. Few people will be able to buy a house with cash, for example. Additionally, a home mortgage makes quite a bit of sense in many parts of the country because the monthly expense incurred in buying a decent starter home can cost much less than the monthly rent payment. Buyers can recoup much of the money pay into a mortgage, but they only enrich others by renting. Borrowing a little bit to get a degree in engineering or nursing might make sense because of the increased income possibilities that will be available after earning the degree.

Bad Debt

There is debt that is pretty useless, however. Buying a Starbucks coffee on credit is not the best financial move by any stretch of the imagination. Rather than paying $5, the cost might wind up being double when the interest involved in paying off the card is added in. A $10 cup of coffee would have to be very, very good to justify the expense.

In thinking of biblical finances, the Scriptures talk about debt and the crippling effect that it his on the lives of those who owe. Proverbs 22:7 (ESV) notes:

7 The rich rules over the poor,
and the borrower is the slave of the lender.

While many people think that people are poor because of some fault of their own, this is not necessarily the case. However, you would be hard-pressed to find anyone who is poor that has power over any government nationwide. Poor people don’t tend to run major companies. This is not saying anything against the poor, it is just saying that they have less control over their lives.

Debt Literally Led To Slavery

In the day that the author wrote the proverb, the borrower could very well wind up a slave of the lender. Selling oneself into slavery to pay off a debt was fairly common in the ancient world. Debtor’s prisons were even common (for the poor) in early American history. Those who owed money traditionally had several negative consequences that could come about. Today, there is the possibility of negative aspects of  bankruptcy, and filing for bankruptcy hurts the ability to get certain jobs and definitely hampers the ability to get credit in the future.

For these reasons, you should keep debt to a minimum.  Teens as young as 13 can take some of the tips offered on this site to start making some additional money to get a good start, and adults can start making a few bucks a day to help with monthly finances. Both those who want to pay off debt and those who want to stay out of debt can benefit by trying to earn money in pajamas from home in their spare time.

Image Credit: all-free-download.com

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Earn Money at Home with Treasure Trooper

Earning money in pajamas frequently requires using a variety of earning streams. Some will be very similar in some ways. One of the ways that I’ve used to earn money without leaving home over the past few weeks is the site Treasure Trooper. Treasure Trooper is much like CashCrate, which I’ve already reviewed here.

Treasure Trooper is a Get Paid To (GPT) site on which users can complete a number of cash offers or surveys that pay. Many of these are the same options that are available on CashCrate. One of the biggest differences is the email notifications that Treasure Trooper offers for surveys and offers that might be beneficial to certain users. Treasure Trooper

The image above shows that I have gotten paid by Treasure Trooper. They initially pay users with a check, and these checks can actually be requested at any time that members request it after they have at least $20 in their account. There is a $0.50 fee for requesting the automatic payout. Otherwise, the check will be sent after the 15th of the month in which the member earns $20.

Treasure Trooper also has a number of games that people can play. Therefore, users will earn Dragon Scales, Arrowheads, or other “Treasure” to finish these games. People can get dragon eggs and then hatch them, raise the dragons to maturity, and sell them for amounts that start around $5. I’ve not done much with these games, but I do have a dragon that needs touches.

Treasure Trooper is a fun site in some ways with the games and such, but I’ve been much more active on CashCrate because of the much better referral program. CashCrate offers users a greater percentage of their referrals’ earnings after certain levels are met. The games are more entertaining on Treasure Trooper, but it seems like more time is spent to earn money, in my opinion. I’ve used both and gotten paid by both, so they are definitely not scams. I can say without reservation that Treasure Trooper is not a scam, but rather a legitimate way to earn a few extra dollars from home.

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Earning Money from Home–April Earnings Report

Back in January, as noted on this site, I set a goal to earn $5,000 via various online means without leaving home during 2013. We are now done with four months of the year. As of the end of March, I reported a total of $638 and some change for the first three months of the year. I actually understated this amount, because I forgot to include the money that I earned from HubPages during the month. These earnings will be included below.

I did pretty well on some accounts during the month of April, considering that I was finishing up a major project for grad school. My goal is to get passive income that starts to snowball over time. I seem to be making close a buck a day from work I’ve already done. The goal is to turn that into $2, then into $5, then into…you get the idea. Passive income is the best kind of income. But, I digress. Without further ado, this is what I was able to make over the course of April (please note that these earnings do not include accrued earnings that will be paid out later):

HubPages: $70.77

Squidoo: $1.43

Freelance Writing: $127.91

Swagbucks: $50

Treasure Trooper: $20.71

MTurk: $4.03

My total earnings for the month totaled $274.85. This brings my total earnings for the year up to $913.13. With what I have already earned this month, I’m already over $1,000. What kind of earnings goals have you set this year?