While spending less is often the best thing to do financially, sometimes it’s good to earn more money if it means it will push you closer to your financial dreams faster.
But before you get excited about the idea of earning more money, it’s important to make sure you manage the money you already have well. If you’re financially strapped, there’s no point in earning extra cash if you’re just going to spend more money for short term satisfaction. Focus on getting a monthly budget figured out and learn how to maximize the money you already have before you go out and try to make more money.
Once you have that out of the way, you can read these ideas to help you earn extra money:
Earn money from your hobbies
I’m sure many of you have a hobby that you enjoy and are quite good at! Why not turn that hobby into extra income? Here are some ideas to get you thinking:
Sell your baking during coffee breaks to local businesses
Enter your work in contests with cash prizes
Paint business windows for the holidays
Bonus idea: If you love visiting websites or blogs, sign up for UserTesting. You’ll be paid $10 for each website or app that you complete a set of tasks on while speaking your thoughts out loud.
Sell things you no longer need
Clear up some space in your home by selling things you no longer need or care for. Have a garage sale or try selling items on Kijiji, Craigslist, or eBay. Or give a Buy & Sell group on Facebook a try.
Rent out your space
If your home has an extra bedroom or empty space, you could become a landlord. Students and recent graduates are often especially eager for affordable and small spaces to call “home”. Your extra garage space might also be perfect for someone needing to store their collector car, for example.
Try a paper route
Earn a bit of extra money by doing a paper route. Get some fresh air and exercise while you’re at it!
Offer to babysit
Give some friends or even neighbourhood families some time away from the kids so they can go on a date or get errands done by offering your services as a babysitter.
Start a part-time business
If you have a bit of time to devote to money making, why not consider starting a part-time business from home? You could try these ideas on for size:
Start a blog
Graphic design work
Mow neighborhood lawns/shovel snow
Life/Business Coaching – are people always asking your advice on a particular subject? Consider charging a fee for your advice.
Teach English at Home with VIPKID
If you have a Bachelor’s degree from a US or Canadian University as well as experience with children (such as: teaching, mentoring, coaching, tutoring, babysitting, etc.) you could possibly earn up to $22/hour (USD) teaching online with VIPKID. VIPKID needs thousands of work-from-home teacher’s to teach English online to kids in China. This is an amazing work-from-home opportunity – and don’t worry, you do not need to know any foreign language or have formal teaching experience. Find all the details here.
All in all, get creative or meet a need you see around you to earn a bit of extra money you can put towards reaching your financial goals!
What are your ideas for earning extra money? Do you have any stories to share about how you’re currently earning extra cash? Please share in the comments!
I’ve got something fun planned for you all. I’d love for you to join me in the 10 Ways in 10 Days to Earn Money for the Holidays email series! This time of year should be a time of celebration and happiness, not one that is dreaded! Trying to figure out how to come up with extra ways to earn money for this season can be difficult. Luckily, we can do it together! Sign up for the 10 Ways in 10 Days series here. Instead of blowing your budget or going into debt, 10 Ways in 10 Days will help you find new ways to stash away cash for your upcoming expenses. You will receive 1 email per day for 10 days with a new idea each day, starting the day after you sign up. If you know anyone else who could use help saving money for the holidays then share this link with them so they can join the challenge with you.
Is your garage stacked to the ceiling with stuff? If so, it might be time to give it a good cleaning. Cleaning out your garage can not only give you more space in your home, but can also net you some cash in your pocket! Want to know more? Take a look below at these 5 ways to make money by cleaning out your garage, I’m sure you’ll find something you can sell!
5 Ways to Make Money By Cleaning Out Your Garage:
1. Sell your old/unused tools.
Are you a tool hoarder? Tools have excellent resale value. Sell your usable power tools Kijiji, Craigslist, Facebook Buy & Sell groups or place an ad in the local paper. Older tools might be valuable to collectors, so do your research on them and see if they might be worth anything. You typically need just one of each tool, so part with any extras to make some quick cash.
2. Scrap that metal.
Is your garage full of metal pieces? If so, you can scrap them for cash. Old appliances, fencing, old copper, brass, or even aluminum are all worth cash at a local metal recycling center. You don’t even need to clean the pieces, just haul them to the center, have them weighed, and collect your cash.
3. Sell your old bikes.
Bikes both old and new can find a new home on Kijiji, Craigslist, ebay, or your local paper/garage sale site. Collectors are always looking for bike parts and will be willing to take the old bikes off your hands, while college students are always looking for used bikes they can snag for a song. If you have any bikes either old or new, broken or functional, sell them for cash.
4. Hold an odds and ends garage sale.
Get rid of the random clutter with a garage or yard sale. Advertise your sale for free in Facebook Buy & Sell groups as well as sites like Kijiji or Craigslist. Price your items to sell, create a neat and organized display, and you are sure to not only pull in some cash but create some extra space in your garage as well. Just haul out those items, give them a good dusting, and stick a tag on them. It’s that easy!
5. Donate for a tax write off.
Remember, you can get a tax deduction for any donations you make to not for profit agencies. If you have functional items such as toys, hoses, lawn tools, appliances, bikes, wagons, etc. then why not donate them? You will get a receipt for your donation and you will be able to write the amount off on next year’s taxes. That’s like cash in the pocket!
Don’t deal with that cluttered garage any longer. Instead, give these tips for finding money in your own garage a try and you will not only make space, but make some money as well.
Have you found any treasures hidden in your garage lately? Let me know in the comments.