Christmas is less than one month away, and we all know this is an expensive time of year. You could apply for a personal loan, or try to make more money to cover the extra expenses.
While we have already gone over a few ways to make extra money during the holidays, I’d like to talk specifically about Christmas today, and how you can make more money at your normal job.
Deserve a Christmas bonus
Most of my old companies used to give out bonuses for Christmas. Usually, it was about a month’s pay. Safe for the last company, that was stupid enough to give the same bonus to everyone, from the secretary to the manager, a fabulous incentive not to push yourself harder at all, most companies will give you a bonus based on how well you have worked during the past year. So be the best worker you can. Unless you work for a company that will reward bad employees the same, that is.
I often see lists of jobs people think deserve a Christmas tip. In my family, my mum used to tip the mailman, the firefighters, and the building’s janitor. Our teachers and piano or tennis professors didn’t get anything, but I see some family will tip you for Christmas. While it is not to be expected, being the best worker you can never hurts, and if you feel you are being paid too little, January is a great period to raise your rates.
Prepare your raise
Speaking of which, December is also time for performance reviews. Make a list of all the things you have done at your job, that were going beyond your job description. If you are in sales, it is easier to see the direct economic benefit of your presence on the company. If you work an entry level job, you can ask your coworkers what problems they would like fixed and try to fix that for them. Help them save time and effort in doing their job, and you will be everyone’s hero.
You should have clear arguments about your raise, why you think you deserve it and how much you think you deserve. It doesn’t mean you will get it, but it never hurts to try.
Work more
I am not a big fan of Christmas, so I never mind working during those days. Most people have families and do mind working. That is the perfect time to log in some extra hours, and get super grateful colleagues, plus extra pay on bank holidays. You can get more days off at other times (and make an extended holiday out of it, or have dibs on other bank holidays), or make more money.
Working more can mean doing what you usually do for more hours, or become part of the Christmas staff, which is like taking a second job for a few weeks. Except that job is held at the same place your work at, so you don’t have to commute more or fill some paperwork.
I was working at a sport shop while in college, and Christmas was the sales season. While I worked the cash registry most of the time, during the Christmas sales, I was hired extra to do inventories at night, and to restock the aisles at the end of the day. Since it was on top of my normal contract, I got 125% of my usual hourly rate. Had I gone to work for another company I wouldn’t have been able to get that rate, or to pick up a new shift right after my day one finished.
Sell stuff to your boss
For Christmas, your company is probably going to look for contractors and companies to buy some Christmas goodies, clean their gutters, shovel their snow… Over the years, my companies have bought Christmas cards with pictures of us on it, wine, Christmas baskets with gourmet foods, sweaters with company name and Christmas colors, the list goes on.
While you may not be an expert at arranging the perfect food basket, taking a picture of your coworkers and having 100 cards printed is pretty easy. Or vice versa.
Your baked and canned goods can fill the Christmas baskets, your church group can knit Christmas sweaters, you can shovel the snow one hour before work, etc.
At the end of the year, companies are often feeling generous, so you can get them to support your charity project as well, and offer to manage a small PR campaign for the world to know how good they have been.
My company matches my donations to charity up to $2000. Around this time there are a lot of needy charities that come around so I always extract matching funds. Happy
charles@gettingarichlife recently posted…What I Learned From Growing Up In Government Housing
That is awesome to have such a big company match, and you get part of it back as a tax deduction I imagine.
I love the idea of selling stuff like Christmas cards to your boss! I never thought about it, but if you’re good with a camera it’s easy, and most employers send out cards like that.
Dee @ Color Me Frugal recently posted…Top 6 Reasons to Look Your Bank Statements Over Carefully
Now it’s time to play devil’s advocate and if I were the boss I would have the employee do that during working hours so I don’t pay extra and they take pictures instead of browsing the web lol.
During holidays businesses are always looking for an extra hand. Working (if possible of course) during the holiday season is sure to get noticed and rewarded. Good tips Pauline!
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Hmm I am filling out my review today and next week, so I really need to focus on that. Granted we’ve had layoffs recently so I’m not expecting anything significant, but it would be nice to have a small raise or bonus. I’m just thankful for being employed at this point.
DC @ Young Adult Money recently posted…Why You Shouldn’t Skimp on Personal Development
I hope you get a raise!
Welp, I guess I missed the boat on this one =)
I no longer get a Christmas bonus but I know that Greg does. It’s his first year on the job so we have no idea what it will be. I hope it’s a big one! =)
Holly@ClubThrifty recently posted…RED ALERT: Cheesy Thanksgiving Post
I never thought about selling to your company. Interesting concept.
Stefanie @ The Broke and Beautiful Life recently posted…How To Vacation When “Broke”.
It may seem weird but it is better than your boss forcing you to buy lottery tickets for his son with your salary!
I have another idea for making money around Christmas that goes counter to this. Some people are essentially “forced” to take days off during the holidays due to closed offices, etc. To counteract this drop in hours and pay, use the free time you’re given to create side businesses online. With a couple extra days off, it’s very feasible to setup your own blog or membership start and start earning income outside of your normal 9 to 5 job. The money won’t come in immediately in most cases but the time spent will pay dividends down the road. Not only will doing this earn you extra money, it will build a foundation for something that could grow into a full-fledged business in the future.
Landon @ Success Dojo recently posted…Your Success In Life Is Determined By Your Belief In Yourself
Great ideas, especially when it comes to working more hours – that will pay off in more ways than one, because that sort of dedication gets noticed!
Laura @ RichmondSavers.com recently posted…Free $10: Register for Amex Small Business Saturday
I tend to work more during the holidays because so many of my colleagues are taking time off so I go in. I don’t mind the extra money at all since I don’t really have any family here other than my wife’s so we don’t have too much going on until we head home for the holidays.
canadianbudgetbinder recently posted…Comparing the comparison sites in Canada
I have my own versions of making some extra money this Christmas, but not much have to do with my “main career.” Im sure I could make some sort of holiday video for people but I so don’t want to. lol!
Budget and the Beach recently posted…Happy Thanksgiving!
The Christmas bonus is always a great way to end the year! Definitely spreads the joy, in my book.
Terry @EasyFinancialTips recently posted…5 Budget Friendly Winter Destinations
I think the most important is if you can time a large project to end right before the reviews are done. If that is not possible, you can at least prove that you are indispensable to the company by making sure your projects are running well and that management knows about it. Something that was nice for my wife this year was a letter from her customer’s technical lead for a half-million dollar project. My wife was the project manager. The letter is too long to post here, but the conclusion was, “First class work, and a technically skilled team, focused on the customer. The work was performed on time and delivered on budget and communications were frequent, crisp and clear. The proposal and SOW’s we exchanged prior to the start, covered sufficient ground such that I didn’t have to go back to my program managers every other week or so, asking for more money. In fact, I didn’t have to go back at all!” Letters like this are always good near the end of the year.
Bryce @ Save and Conquer recently posted…Charity
I too am not a fan of Christmas and usually offered to work holidays for my coworkers. Now, I am fortunate to be in a job that I don’t have to work more than a few hours a day to make exponentially more than I did as an hourly employee. You gain favors and bigger checks when you jump on the grenade and help your coworkers out.
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Hi Pauline, I am having a garage sale in my backyard. This is the first time I do this. And, it seems like I am making more money which could assist me in my Christmas expenses. Definitely, I’d have this again next year.
Jayson @ Monster Piggy Bank recently posted…New Baby Arrival Soon!
I love working in the holidays. The office is so quiet and I get a ton of work done. Plus earning overtime always helps!
Emma | Money Can Buy Me Happiness recently posted…Real Estate Investment: Oh, the Mistakes I’ve Made!
I am selling DIY Christmas gifts because I notice people nowadays are into personalized or DYI projects. Based on my experience, people prefer this kind of gifts as they can do it themselves and appreciate the gifts more.
Jamie recently posted…What Is A Reverse Mortgage And How Does It Work?
I have so much time during holidays, so that means I have time for more side hustles.
Diana recently posted…Don’t Lose Your Life Savings To A Worm
Definitely, I have more time to work on my side hustles in Christmas season.
Jamie recently posted…How to Become More Frugal in 2016
Some fab ideas here LOVE the Christmas card idea!
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This holiday season, I have had more time to work on my side hustles. I just hope that I always have this kind of specific time so that I can earn more and save more money in my ER fund.
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