Watch for incomplete prizes like winning tickets to an event in NYC where the airfare is not included or a trip with only part of the meals and no spending money.
You can refuse any prize that you cannot afford, that is over your head lik an expensive car that you cannot afford to pay taxes on or you can ask if the sponseing company will give you cash instead.
To determine FMV of a prize look at periodicals, catalogs or newspapers for the selling prize.
You might be limited to how many times you can win through the same company. If the rules say, past winners excluded, move on.
To enter contests, experiment what you are good at. Is it taking pictures of your pet cat, or can you write jingles or slogans, or can you make videos which improves your chance of winning most of the time because a lot less people enter than online where you just click, or are you creative with new recipes? There are tons of recipe contests out there. Find your niche to make some extra bucks.
IF YOU WANT TO MAKE YOURSELF FEEL GOOD, MAKE SOMEBODY ELSE FEEL GOOD.
Tags: find a niche, FMV, gambling taxes, incomplete prizes
