Want to create new streams of income without leaving the house? It could be a case that you want to escape the rat race and work entirely from home, or you might just be looking to come up with backup sources of money either to pay debts, save, or just give yourself more security. If there’s one thing that the coronavirus pandemic has taught us it’s that none of our jobs are quite as secure as we’d like to have thought. So additional ways to earn money are always going to be a good thing. If you need to earn some extra cash, consider one of these methods- you won’t even need to leave the house.
Rent out a room
If you own your home and don’t have any subletting restrictions, renting out to a lodger or setting up a room to rent with a company like Airbnb can be a great way to earn some extra cash. Your best bet is to speak to a co-op management company about this, they will be able to guide you and let you know the best way to go about things. It can be a good way to earn a significant chunk of cash, especially if you live in an area that’s known for tourism.
Start your own business from home
Running a home business is a fantastic way to earn extra cash in a flexible way. You get to work on your passion every day and earn money without having to commute to work, deal with a boss, or even leave the house. As you’re the boss, you get to call the shots- start your venture small in your free time and let it grow organically. A home business is something you can run around other commitments such as having children or even around a full-time job. If you’re successful, you could even go full time with it.
Sell what you no longer need
Looking to declutter your home and make some extra money at the same time? Selling things you no longer need on sites like eBay, Craigslist, Depop, and Facebook Marketplace are great for getting rid of items you no longer need. Look in your attic for things like antiques that you have no use for, check your shed or garage for tools, bicycles and car parts that you don’t use out of your garage. Take a look in your basement for things that might be good to someone else but are useless to you. This is all money can then go towards debt, savings, or new items that you do need. Just anything other than clutter that’s not being utilized.
Reorganize your finances
Having extra money in your pocket remaining at the end of each month might not just be about earning more, it could just be a case of spending less. Organizing your finances allows you to see where you’re currently overspending, and where you can make cutbacks. Food and groceries for example are one area that just about any household can cut back on, we’re all guilty of succumbing to offers and clever marketing and most of us waste too much as a result. Things like alcohol, takeaways, coffee shops and convenience foods are other things that you probably buy regularly which can add up in a big way, so make some changes and start preparing your own food and drinks.
Another thing you could do is once a year, run your bills through a price comparison website. Switching companies to make the most of new customer deals can save you in a big way, and it’s relatively hassle-free to do. The money you save here means there’s more in your budget to either save up or spend on things that you genuinely want or need. Rather in your pocket than in that of big companies!