Great Souces of Income for Senior Citizens

Rosa Hayes
Senior citizens will often find themselves trying to make ends meet on a budget that was set for them after they retired. They will often find themselves going into debt and not knowing what to do about it. When a senior citizen is on a fixed income, they are not financially able to pay for a lot of necessities and a few wants.

I have a lot of elderly people from one of the other sites that I work for, ask me if I knew of any ways for them to stretch their wallet to to make their income a little bigger. I don't want to list ways that will cause their monthly social security checks to be cut off, so I came up with a few ways for them to make money without causing any strain in their income.

Writing:

This one is a great way for senior citizens to make money from home. You can write for companies like Associated Content or smaller companies like Helium. These are both online companies that will pay you to write for them.

My favorite one out of these two is Associated Content, which is where I am writing this article at. Associated Content is the easiest place that I have found to write online. They will allow you to write about almost anything and will pay you for each article that is submitted after it is approved. If you are worried about writing and making enough money that your check gets shut off, just don't go over $600 per year.

Associated Content requires that you submit your tax information once your reach this amount so that they can turn it into the IRS. I know of a lot of families that write for them part time and will not write over $600 per year because of this.

Selling crochet items:

My grandmother did not have enough money to pay her car payment one month and instead of asking the family for money, she crocheted items such as blankets and pot holders. She sold a lot of them that month and made more than enough to make her payment. Crocheting is a great way for senior citizens to make a little extra cash and not have to worry about the IRS getting involved.

Yard Sales:

This is a great way to get rid of all of your unwanted items and to make some money. The best time to have a yard sale is during the summer and right before school starts. If you decide to have one, ask a relative to help you with the items and with hosting the yard sale. It will probably be hot outside, so make sure that you dress for the occasion.

Tutoring children:

If you think that you would be comfortable with tutoring children, then you should set up flyer's for tutoring sessions. The best way to do this is to ask the parents to bring the children to your home so that you are not outside a lot. Once they get their, ask the parents exactly what the child is having trouble in. This will give you an aspect on what to teach them and what areas that you need to spend special attention in.

Try the community centers:

Sometimes community centers will have a list of jobs that are especially for senior citizens. They keep this list so that it will help the senior citizens during times of the year that they will need extra money to pay the bills.

Baby sitting:

This one really depends on your capability of being able to take care of a child. Make sure that you think about the consequences and your ability to take care of them. If you are not sure if you would be able to take care of a small child, then try to find a baby sitting job that will allow you to watch children that are a little bit older. Most children around the age of twelve, are more than capable of taking care of themselves but they still need guidance so these children would be perfect for a senior citizen to take care of.

Published by Rosa Hayes

Rosa is a full time student at OCCC with a major in political science. She is currently the author of many articles on parenting, life skills, family, and careers as well as many other things.   View profile

5 Comments

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  • Kathryn Lemmon 10/17/2007

    Staying busy, active and creative in retirement is important too.

  • J. E. Davidson 7/12/2007

    Great ideas, and not only for senior citizens. My friend Sharon, who is retired, does lovely beadwork and I crochet (although I'm not a senior yet but getting there) and we love to do craft bazaars together.

  • Darlene Zagata 7/11/2007

    Excellent ideas!

  • Joniv 7/10/2007

    Neat ideas!

  • Lenora Murdock 7/9/2007

    You shared some great ideas. I really like that you encourage them to continue to do things that will make a positive impact as well as earn them some income. Nice article. I'll pass it to my grandmother, she needs it.

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