5 Ways to Boost Your Income This Summer

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

boost your income in summer
Logo

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

Summer is usually a time for vacations and taking it easy. But if you’re short on cash, you can’t afford to take a lot of time off.

Luckily, there are a few activities you can do to earn more money this summer — and many of them don’t require much time or effort.

1. Make your home a vacation spot

If you’re cool with letting people stay in your place, list it on websites such as Airbnb. You’ll need to fill out some information about your home, such the type of house and rooms you’re offering, accommodations, and where you live.

You’ll set a base price — the minimum someone will pay to rent your space — but you also can include other fees, such as for late check-ins. Make sure your base price factors in all your costs such as like utilities, taxes, and general upkeep of the property. Hosting strangers can be scary, so if you’re worried about damaged or stolen property, Airbnb has a $1 million host guarantee to insure your valuables.

Your earnings will vary, but you could make a lot of money depending on how much work you put into this side hustle. Use an estimator tool from websites such as Eliot to see how much money you could make.

2. Housesit for someone else

If sharing your home isn’t ideal, try taking care of someone else’s. Watching other people’s homes while they’re on vacation can score you extra dollars a day for doing simple work. They might want you to check the mail, take care of their pets, water plants, and do general upkeep of the place while they are away.

You could make around $25 per day or more depending on the tasks you do, according to Apartment Therapy. It also depends on where you live. For example, HouseSitter.com says Philadelphia housesitters make an average of $66 a day.

3. Take care of pets

If you don’t want to stay in someone’s home to care for their pets, you could offer to keep them in your house. Keeping a pet in your house can save you the time and effort of commuting.

You can help out friends and family, but if you want to up your pet-sitting duties and make more money, sign up for Rover.com. Your services can range from simple dog-walking to boarding pets. You can determine your rates based on what you offer and where you live. Some people charge around $25 to $45, so make sure your rates are competitive. If you have the right qualifications, you could charge $100 and up a day.

4. Sell your stuff

If you did a thorough spring cleaning, you might have found a lot of extra items in your house. Some of them might be worth good money.

You could sell your unneeded stuff at a yard sale, but the hassle of setting it up, pricing, and negotiating with buyers might be too much to handle. Listing your items on Amazon, OfferUp, Facebook Marketplace, or other sites can give you the freedom to sell what you want on your own terms without having to deal with hagglers.

5. Review your bills and payments

Summer is a good time to go over all your bills to see how you can save on your ongoing payments. For example, your car insurance might need to be renewed soon, so you could negotiate a lower rate. You might want to check your cellphone bill and talk to your service provider about deals you can take advantage of. In both instances, simply asking for a deal could net you a cheaper payment.

If your bank or service provider offers the feature, look into automatic bill pay. Some companies will offer discounts for having your monthly payments automatically deducted from your checking account or charged to your credit card. This reward could be available on most things, from student loan interest rates to cellphone bills.

Small changes can make a big impact

Regardless of your goals for boosting your income this summer, remember you have options on how to do it. Whether it’s helping with pets and homes or reviewing your bills to reduce payments, every little bit counts.

With your new earnings, you could stash a little extra money toward your retirement or save it in an emergency fund. Or you could make a bigger student loan payment. The more money you can earn, the more debt you can pay off little by little and build a cushion for your future.

Want to get started investing?

Here are the top investing options for 2018!
NameCommissionAccount Minimum 
Blooom$10/month$0Visit Blooom
Future Advisor0.5%$0Visit Future Advisor
Betterment0.15% – 0.35%$0Visit Betterment
Personal Capital0.49% – 0.89%$25,000Visit Personal Capital
Wealthfront0.25%$500Visit Wealthfront
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.