For many of us what we earn at our day jobs is our only source of income. This isn’t a bad thing, but I think it’s fair to say that many of our salaries are barely keeping up with inflation. This seems to be a cost of life these days, but rising prices can drastically affect our household budgets.
If money is tight then we need to make cuts to our spending first. I’ve talked about the importance of having a realistic budget before because they work. If we can cut our expenses even by just a little bit, we can increase our cash flow.
We don’t need to be under financial distress to make more money. I’d argue that it’s in our best interest to have multiple income streams available because well, who doesn’t like more money? Here are some ways to make more money.
Ways to make extra money now
Get a new job – This is easier said than done, but I find most people who complain about not making enough money aren’t putting themselves out there. If you honestly think you’re underpaid or you deserve more, then look for a job that will pay you what you want.
Get a secondary job – Picking up a part-time job on top of your full-time job may sound crazy, but if you’re struggling with your finances then this might be your only option. A secondary job doesn’t have to permanent, but it will help you make more money.
Freelance – Do you have a skill set that people would be interested in paying for? If the answer is yes then do it! Not sure where to begin or how to find clients? Check out the website Elance.com where you can post your services and get matched up with clients.
Sell stuff – If you happen to have anything lying around your home that people may want to buy, then sell it! The odds are you won’t make anywhere near what you paid for it, but it’s better than nothing.
Buy things on sale – This should be obvious, but buying things on sale will save you money. Try using the grocery app Flipp, it’ll tell you what’s on sale at every nearby grocery store so you can then price match at a single store.
Walk dogs – Anyone can become a dog walker, but it does help if you have a flexible schedule and truly enjoy the company of canines.
Tutor – If there happens to be a subject that you know a lot about why not charge people for your expertise? You don’t even need to be an expert, you just need to know more than the person you’re tutoring.
Rent out a room – Airbnb and VRBO have become widely accepted by the public which is great if you have a spare room to rent out. You could earn more if you rent out your entire place, but then you’ll need a place to crash when your place gets booked.
Be a mystery shopper – Mystery shoppers get paid by market research companies to report on their shopping experiences. The pay isn’t great, but you’ll sometimes also get some free stuff which you can sell later.
Fill out online surveys – You won’t earn real money by doing online surveys, but you will earn rewards which can be used to claim gift cards. Online surveys can be great for students who have free time.
Unless you’re willing to work like a beast, it’s unlikely you’ll be able to make a ton of extra money, but every
penny nickle counts. The idea is to supplement your main income without committing too much of your time.