Homework Help

9 Ways for Teachers to Make and Save MoneyI thought this article might be of some use:...

user profile pic

sharrons | High School Teacher | (Level 2) Adjunct Educator

Posted June 18, 2009 at 6:27 PM via web

dislike 2 like
9 Ways for Teachers to Make and Save Money

I thought this article might be of some use:

http://freethingsforteachers.blogspot.com/2009/06/9-ways-for-teachers-to-make-extra-money.html

16 Answers | Add Yours

user profile pic

joe30pl | College Teacher | (Level 2) Adjunct Educator

Posted June 18, 2009 at 8:05 PM (Answer #2)

dislike 0 like

Very nice. Topical too.

user profile pic

epollock | (Level 3) Valedictorian

Posted June 18, 2009 at 8:08 PM (Answer #3)

dislike 0 like

That is a website with a lot of great ideas. Except for the last one. I don't know how giving away your money translates into making more. 

user profile pic

amy-lepore | High School Teacher | (Level 1) Educator Emeritus

Posted June 18, 2009 at 9:22 PM (Answer #4)

dislike 0 like

In response to #3:  I understand your confusion as to how giving away your money translates to making more, but the Bible does state that everything we have does not belong to us.  It is given to us to use by God.  When we tithe with grateful hearts, we get back tenfold what we give.  The Lord blesses those who help others and who tithe to the church without resentment or selfishness. 

Great ideas!  Thanks for sharing your list.  We teachers need all the help we can get. 

user profile pic

epollock | (Level 3) Valedictorian

Posted June 19, 2009 at 1:22 AM (Answer #5)

dislike 0 like

In response to #3:  I understand your confusion as to how giving away your money translates to making more, but the Bible does state that everything we have does not belong to us.  It is given to us to use by God.  When we tithe with grateful hearts, we get back tenfold what we give.  The Lord blesses those who help others and who tithe to the church without resentment or selfishness. 

Great ideas!  Thanks for sharing your list.  We teachers need all the help we can get. 

Only if you believe in a religion that uses the Bible as your religious scripture.

user profile pic

hi1954 | Teacher | (Level 1) Associate Educator

Posted June 19, 2009 at 1:33 AM (Answer #6)

dislike 0 like

Well, unless you're a New Ager or some other kind of hippie-type who believes that giving always brings more back to you.  Or Taoist, actually, which teaches the same thing.  Come to think of it, the I Ching says a lot about that, too...   Unfortunately, sometimes this doesn't really seem to work, but if giving makes you feel better I suppose that in itself is something.  Sometimes I simply think that if teachers in this country had a union that was actually worth anything the income would be higher, too.

user profile pic

krishna-agrawala | College Teacher | (Level 3) Valedictorian

Posted June 19, 2009 at 2:05 AM (Answer #7)

dislike 0 like

Giving is not just a part of religion. For example, Bill Gates has pledged a major portion of his wealth for charitable purposes. Ford Foundation and Rockefeller Foundations, to big public services organizations operating worldwide have been set up by big businessmen. And these are not religious organizations. What benefit or satisfaction, these people get in charity is best known to them. All I can say is that unless there are some benefit, so many wise people would not spend so much money in charities.

user profile pic

marilynn07 | High School Teacher | (Level 3) Associate Educator

Posted June 19, 2009 at 4:34 AM (Answer #8)

dislike 0 like

Teachers do need extra money, but I fail to see how giving money to charity will help teachers make more money. Teachers need to be paid for what they are worth to society rather than as little as the counties, states and cities can possibly get by with paying them. Without elementary, middle and high school teachers, there would be no doctors, rocket scientists, engineers, or lawyers.

I think if you have your budget in order and live within your means, you should have extra to donate if you choose.  I believe it is a good thing to give to charity, but I do not think that you will get a 10x return on that investment.  I think that when you give out of your heart, you feel blessed because you have helped someone who cannot help himself or herself. You are also able to claim your charitable contributions on your income taxes, which will certainly help you keep more green in your pocket and not give it to Uncle Sam.  Doing mitzvah (good works) is something that helps you in life, but it does not obligate God on your behalf.  However, when you are in a tight spot through poor health or job loss, because you have been kind to others, maybe then your friends will come together and help you out.

user profile pic

Michelle Ossa | College Teacher | (Level 3) Educator Emeritus

Posted June 19, 2009 at 12:06 PM (Answer #9)

dislike 0 like

Yea the article was doing well until it got into the religious part in the end because, as an agnostic, I only read 8 ways, and not 9 as nine is not something that would apply universally.

Anyway, that aside- I have added up all the money you can make if you enter extra curricular activities and, ya know, that could be an extra 3.000 dollars per year. Of course, that could also raise your tax bracket, so be careful.

All I know is that they should let us itemize all the stuff we buy for our classrooms regardless of it not having a business label for tax purposes. They should allow us to get all that back and not have to reach a certain amount.

 

user profile pic

Susan Hurn | College Teacher | (Level 1) Educator Emeritus

Posted June 19, 2009 at 7:42 PM (Answer #10)

dislike 0 like

I now will play the role of the cynic in this discussion. In reference to why very wealthy people would make such large charitable contributions, two words: TAX DEDUCTIONS!

However, it probably isn't fair to question anyone's motives in making such contributions. I have the greatest respect, though, for those who make really impressive contributions to good causes and choose to remain anonymous, taking no credit for their generosity.

I learned something interesting today about earning summer money. I was told that FEMA needs part-time employees to work in various parts of the country and that they pay well. For someone who is free to be away from home from time to time, this might be worth looking into.

 

 

user profile pic

krishna-agrawala | College Teacher | (Level 3) Valedictorian

Posted June 20, 2009 at 12:24 AM (Answer #11)

dislike 0 like

In response to the question of "tax deduction" mentioned in Post #10, it would like to point that there is no country and no taxation structure which enables an individual to save more by of tax deduction, than the amount spent on charities. The tax saving is always a fraction of the amount spent on charities. Thus, whether tax deduction or no tax deduction, people spending on charities do spend something from their pockets. And for some people this sum can be very large, even in comparison of their wealth. For example take the case of Bill Gates. I do not have exact figures but, I believe, he has pledged more than half of hit total wealth to charities.

It may be nobler to donate anonymously, but as compared to not donating at all, it is also noble to donate openly.

I am not suggesting that everyone should give away money to charities. I think, it is not at all necessary, if one does not feel like. But let us not belittle the contribution of those who do.

 

user profile pic

Susan Hurn | College Teacher | (Level 1) Educator Emeritus

Posted June 20, 2009 at 9:39 PM (Answer #12)

dislike 0 like

As I said, it would not be fair to question anyone's motives in making charitable contributions, nor would I "belittle" anyone's contribution. I simply have personal reservations about those who stage press conferences and hire PR firms to publicize their charitable donations. No matter the circumstances under which funds are given, though, the important thing is that money goes to good causes. If someone's ego gets a boost or he and his company benefit from good publicity, good for him. (I just won't be asking for an autograph after the press conference.)

As for tax implications, average contributions don't "make" anyone money in terms of tax savings, but huge donations can affect tax brackets and offset future inheritance taxes. Those who are enormously wealthy know how to work the system to most greatly minimize tax bills. And to that I say, so what? If someone chooses to funnel money into a cause instead of paying it out in taxes, that's a matter of personal choice. My point was that making enormous contributions is often a matter of business, not just an act of charity--which, again, is of no consequence, since there are so many good causes that need private funding.

user profile pic

cateach3 | Elementary School Teacher | (Level 1) eNoter

Posted June 21, 2009 at 12:12 PM (Answer #13)

dislike 0 like

A great way to SAVE money- in regards to your classroom- is to ask for help! Donor's Choose is AMAZING!  It allows you to request materials from big teaching companies and I have really found this to be a GREAT resource!  It's amazing what you will get funded! Check it out : http://www.donorschoose.org/homepage/main.html?zone=402

There are people willing to help schools all over- sometimes my projects are funded by locals- but have been funded by big companies and people on the opposite coast!

user profile pic

tweaks | High School Teacher | eNotes Newbie

Posted June 23, 2009 at 1:16 PM (Answer #14)

dislike 0 like

I think this article gives great information to teachers.  I actually ordered glasses from the blog (the article is part of a blog) and am very happy.  Thank you for sharing your insight into making our money work for us. 

user profile pic

phil48elpuente | Elementary School Teacher | eNotes Newbie

Posted August 22, 2009 at 7:00 AM (Answer #15)

dislike 0 like

I also like www.alibris.com for great prices on books; www.freecycle.org for everything from clothes, books, and the kitchen sink (you have to join your local freecycle group)

user profile pic

kapokkid | High School Teacher | (Level 1) Educator Emeritus

Posted April 16, 2010 at 7:54 AM (Answer #16)

dislike 0 like

I've only recently come across the relatively easy and rather plentiful world of grants for projects and ideas for the classroom.  All too often these just go out the window because people don't apply.  Right now I've only tried a few times but I have gotten the funding every time and gotten more books and other things for my classroom and for my colleagues and I so it is a great way of adding to what you do if your idea requires some funding.

user profile pic

accessteacher | High School Teacher | (Level 3) Distinguished Educator

Posted June 26, 2010 at 2:14 PM (Answer #17)

dislike 0 like

Is it not difficult to get that all important balance between work and your life? I find that my job as a teacher is sometimes so consuming that the idea of using by little and valuable free time to more teacher-type-stuff - even if it gives me a bit of extra cash - just isn't appealing! Also, would it not distract me from doing the best job I can for my kids?

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes