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 2018!
|Lender||Variable APR||Eligible Degrees|
|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 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.97% 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 Month/Day/Year, 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 08/21/18. 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 firstname.lastname@example.org, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 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
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). 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 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.57% – 6.97%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.50% – 7.24%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|