Partially Part-Time: One Surefire Method of Saving for Your Golden Years
You’ve heard about the importance of saving for retirement. Especially from people who are approaching or already living in retirement, you’ve clearly gotten the message. Yet, you aren’t convinced that you have to save that much right now. After all, you may have 20, 30 or even more years of working left in your lifetime.
However, the fact is that if you want to live a secure, comfortable, free-from-worry retirement, it’s necessary to start saving right away. You may be thinking, “There’s just no way that I can put back any money right now with the kids, the mortgage, and car payments. I’ll worry about it later.” And then later never arrives.
What is “Partially Part-Time?”
So, what can you realistically do to commence saving for your golden years? One idea that works for many is working partially part-time. When you work partially part-time, you take on an additional job, part-time, for only a small portion of the year.
Then, you do this each year specifically to save money for retirement. An example is that, every summer for 3 months, you take an evening job position as a waiter 3 nights a week, in addition to your “regular” job.
Then you can bank all of the money for retirement that you earn from your partially part-time position. This way, you’ll steadily increase your retirement dollars without interrupting your family budget.
Obtain a position working for a business a few months out of the year or do your own thing seasonally. Each year, your retirement savings will grow because of your partially part-time job. What a great gift to give yourself!
Ideas to pump up your retirement savings by working partially part-time
1. If you’ve got a skill, capitalize on it. For example, do you know how to sew and mend clothing? If so, select 3 or 4 months out of the year as the time you do other people’s mending for pay. If you live in a climate where it gets cold and snowy, consider taking in mending over the winter months, since you’ll be indoors much of that time anyway.
2. If you’ve got the means, utilize them. Let’s say you have a sturdy riding lawn mower that you use to mow your lawn in the summer. You could use your riding mower to earn extra money all summer long, mowing other people’s yards every summer to start your retirement savings.
3. If you really love doing something, monetize it. For instance, perhaps you enjoy exterior painting. You find painting houses in the spring and summer to be a great opportunity to bask in nature, enjoying the birds, flowers and trees. Painting houses through the spring or summer months will bring in a hefty sum to put toward your retirement savings.
4. Take a part-time retail job during the Christmas-shopping season. During late October or early November, major retailers start hiring extra help for the holidays. Many times, the work extends until the end of January to help handle all those holiday returns as well.
5. Take advantage of the tourist season. If you live in a tourist area, there are seasons when the area is alive with tourists and other times when no one’s around. Make contact with some local businesses that experience predictable “booms.” Maybe they could use extra help during the tourist season.
When it comes to your retirement savings, don’t let anything stand between you and getting money to the bank for your future. Build a healthy retirement account by working partially part-time. Endeavor to save now and every year for the lifestyle you deserve during your golden years.