You already work a full-time job and you don’t really care to take on a second. But you also need more cash. You work hard, but at the end of the month there just doesn’t seem to be much to show for it.
What can you do to make more money?
Don’t worry, this isn’t an invitation to a get-rich-quick scheme or a tutorial on creating a vision board that magically attracts wealth your way.
You might think you can’t make more money if you’re already working 40 hours a week, but there is a way to increase your bottom line without driving yourself nuts. It’s called the “gig economy,” and it involves working small gigs — like an mini-online project here or there — in order to make a little extra pocket change.
Here are 10 ideas you can put into practice right now, while still keeping your day job (and a decent amount of time for the rest of your life).
How to Make More Money
1. Turn your hobbies into cash. Love to knit? Open up an Etsy store and sell your creations. Love to bake? Let your friends and family know you’re available to make birthday, wedding, and graduation cakes. Talented at playing guitar? See if a local coffee shop will pay you a small stipend (or at least give you a credit for free coffee and lunches!) if you play once a week.
You don’t have to start a full-on small business to bring in some extra cash with your skills. Just start finding ways to make money from your hobbies.
2. Find odd jobs online. Fiverr, for instance, lets you complete random tasks for its users at $5 a pop. You can do everything from photographing your pet holding someone’s custom message to brainstorming baby names for soon-to-be parents.
3. Get paid to shop. Cash-back apps like Ebates, Nielsen Consumer Panel, and Ibotta will reward you for the things you were going to buy anyway. By signing up with these apps, you’ll get a rebate on some of the items you buy, which results in more money in your pocket.
4. Get paid to get fit. Whether you’re looking for motivation to work out more or you’re already a fitness freak, there’s an app that will pay you for it. Check out Healthy Wage and DietBet to win money for things like eating healthy, exercising, and losing weight.
But beware: these tools do hinge upon placing “bets” that you’ll reach your fitness goals, which means you also stand the risk of losing money.
5. Make money with your smart phone. Plenty of other apps reward you simply for installing them and letting them monitor your activity for statistical analysis. Check out Smart Panel, Nielsen Mobile Panel, Google Screenwise Panel and MobileExpressions.
6. Get paid for your opinion. If you’ve got some time to kill while waiting in line, waiting at the doctor’s office or on your lunch break, there are tons of survey sites out there.
Don’t pay a fee to any website that tries to sell you a list of survey providers. Try e-Rewards, which pays via gift cards once you reach a particular payout rate.
7. Sell your stuff. De-clutter your home and make some cash by selling your unwanted stuff at a garage sale or online through such as like Craigslist, eBay, and Amazon.
8. Rent your stuff. You can rent out your car on sites like RelayRides and Getaround, although this opportunity is only available in limited major cities. You can rent out your clothes and accessories on sites such as Tradesy, RentNotBuy and Loanables.
9. Rent your space. Don’t just make money from home — make money with your home. Sites like Airbnb and VRBO let you rent out anything from a spare bedroom to a finished basement to people who don’t want to pay for a pricey hotel. You can rent out your extra storage space on sites like Store At My House. You can even rent your driveway on sites like Parkzilla.
10. Share your knowledge. Create courses on sites like Udemy to teach people how to do the things you do well. From cooking and coding to gardening and makeup tutorials, there’s a good chance people are willing to pay to learn how to do it.
You don’t need to become a full-fledged entrepreneur in order to start a side hustle, nor do you need to commit to a second job that requires you to show up for the night shift. The “gig economy” allows you to make extra money in your spare time, without a rigorous schedule and without the commitment of a formal job. These gigs don’t require any upfront investment and most allow you to work from home.
That said, not all gigs are created equal. These gigs require different levels of commitment: renting your guest room on Airbnb, for example, is a fairly large commitment, while photographing your dog with a “happy birthday” sign dangling from his mouth is more straightforward and simple.
Try a few of these ideas and see which ones you enjoy the most. Don’t worry about which ideas pay the best. You’ll make the most by choosing the gig you’re excited to do often.
Interested in refinancing student loans?Here are the top 6 lenders of 2020!
|Lender||Variable APR||Eligible Degrees|
|1.99% – 5.64%1||Undergrad & Graduate|
|1.89% – 5.90%2||Undergrad & Graduate|
|2.25% – 6.09%3||Undergrad & Graduate|
|1.89% – 6.77%4||Undergrad & Graduate|
|2.39% – 6.01%||Undergrad |
|1.99% – 5.41%5||Undergrad & Graduate|
|Check out the testimonials and our in-depth reviews! |
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 2.98% APR (with Auto Pay) to 5.79% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 5.64% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of July 31, 2020, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 7/31/2020. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at [email protected], or call 888-601-2801 for more information on our student loan refinance product.
© 2020 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of September 9, 2020. Information and rates are subject to change without notice.
3 Important Disclosures for SoFi.
4 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount.
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of September 10, 2020.
5 Important Disclosures for CommonBond.
Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective August 10, 2020.