5 Ways to Make Extra Spending Money

Even if you have a full-time job, unfortunately, sometimes it is still not enough to make ends meet. Sometimes you need more money to live the life you want. In many cities, the income rate is not rising as quickly as the cost of rent and other staples of life. If you find yourself living paycheck to paycheck, then you may need to rethink your income streams. Consider the following suggestions if you need to get yourself out of a rut and one step closer to living your best life.

1. Sell Your Old Car for Cash

Sometimes you need a chunk of money in a lump sum to pay off some bills and get back on your feet. Selling your car for cash can help you do just that.

If you have an unused vehicle parked behind your house, or if you have an old car that is more costly to maintain than it is worth, your car can be put to greater use. When you sell your car for cash, the process is often much simpler than if you tried to sell it to a dealership. Luckily, many companies specialise in this very transaction. All you have to do is search for a local car wrecker, such as Cash for Cars Perth, who buys old cars for cash.

2. Get a Side Hustle

If you need to make more money regularly, then consider getting a side hustle. If you are unfamiliar with the term, a side hustle is another job that you work in addition to your main source of income.

Side hustles can take a variety of forms and can even be fun. Some examples include freelance writing, driving for a ride-share company, or tutoring.

There are nearly infinite possibilities in the side-hustle world. As long as you can make money from it, and it won’t detract from your life or your primary job, then it will work.

3. Rent out a Room

Platforms like Airbnb make it easier than ever to make money out of unused space. If you own a guest house or even a bedroom that is sitting empty, renting it out is a great way to make extra money.

Renting with Airbnb can be a quick way to generate profit. Plus, it requires few startup costs. This method is more effective if you live in a popular tourist destination, but it can be lucrative almost anywhere.

4. Make Money Online

There are many ways that are fairly simple to make money online. One of the most popular is filling out surveys.

Many websites will pay you for merely taking surveys. Filling out surveys while relaxing at home and watching your favourite TV show is not a bad way to unwind and get paid.

There are also apps you can use to get cash back for everyday purchases. Generally, these apps work by having you take a picture of your receipts. Then, they will send you a rebate for certain items you purchased.

While neither of these options will replace your day job, they may help you make it to your next payday with a little less stress.

5. Put Social Media to Work for You

This idea takes a bit more time and energy but can be incredibly lucrative for those who stick with it. If you can amass a large following on social media websites like Instagram or YouTube, you can make money from advertisements and sponsorships. If you have enough followers, companies will pay you to promote their products or place their ads on your sites.

The Takeaway

Money, or lack thereof, is something that causes people to stress throughout the world. If you consider yourself one of those people, hopefully the above tips will get you one step closer to financial stability. Just remember that this is your life, and you deserve to be happy and financially secure.