Practicing frugality can only do so much. Adding supplementary income even if you already have a 9-to-5 job is not unusual anymore.
If you have debts to pay, or if you want to speed up saving for a vacation or retirement, there are many money-making options to choose from. You can be a student, a homemaker, or a bachelor, and there are ways that you can add cash to your wallet without the need to apply for a second job. Here are some ideas you can consider:
Start By Saving
You’ll be surprised with how much money you can save without out-of-pocket expenses. Saving money not only involves deducting a portion of your current salary, but also saving on household utility payments.
That includes saving electricity, water, phone usage, insurance premiums, and more. By cutting back on using electronics and turning off the lights when you don’t need them can make a difference. You can lower your car insurance by cutting back on its use.
Have a budget while shopping, and get financial assistance if you’re unemployed. These are just a few ways on how to save money, especially during this pandemic, so you can have extra for emergencies.
If you feel that your responsibilities deserve more than what you’re currently getting paid, you could try asking for a raise. If your employer fails to see your point of view, you can try changing jobs.
There may be other companies who can offer more for your expertise. When you’re earning more, it’ll give your savings a boost, either for your retirement or that house you’re saving up for.
If you’re experienced in taking care of young children, this could serve as a means to earn a second income. Babysitting isn’t just a part-time job for teenagers anymore.
Parents will pay more to adult caretakers as they tend to feel more confident that their children will have someone mature around. You can sign up at online platforms catering to this job so you can find ones in your area.
Consider Online Tutoring
If you find it easy to teach people, assess yourself to discover what skill you can share with others who want to learn what you can do. If you’re a high-school or college student on a break and at the peak of your academic prowess, you can teach younger students during your free time.
If you already have certifications, such as for English, you can consider teaching international students. On the other hand, if you’re more inclined towards the arts, you can help others paint, take baby pictures, or do pottery on various platforms.
Sign Up On Airbnb
Does your family have a log cabin somewhere that you don’t always go to?
How about a spare room in the house?
You can rent it out to travelers for a fee, but you’ll get the money 24 hours after the guest checks in.
Airbnb connects people to reasonable accommodations, from luxury hotels to modest but clean and rooms for rent. The company allows ordinary people to make money. Some even made renting properties as a primary income through Airbnb.
Find A Freelancing Job
If you’ve been laid off from your job, you can still put your skills to fair use by starting a service business. There are thousands of remote jobs posted by employers looking for people who can work in the comfort of their homes.
If you can write articles or do copywriting, accounting, video editing, programming, teach a different language, and multitasking, you can browse through online job boards or filter a specific skill to find people looking for you.
There are many ways to earn extra income. All you need to do is research and be creative. Primarily, earning extra income is all about using a skill you have that people are looking for.
You can even start right away without spending a cent if you already have a computer and a stable Internet connection. You can also choose to take an in-depth course that will help you gain more knowledge for your side hustle, which may someday earn you enough to be your primary income source.